Sabrient Small Cap Growth Portfolio, Series 15
Sabrient Systems, LLC ("Sabrient") is an independent equity research firm that builds powerful
investment strategies by using a fundamentals-based, quantitative approach. The strategies are
used to create rankings and ratings on more than 7,000 stocks, indices, sectors, and ETFs. Their
models are designed to identify those companies that are anticipated to outperform or
underperform the market.
The Sabrient Small Cap Growth Portfolio is a unit investment trust which invests in top-ranked
small-cap stocks (at the time of their selection) that represent a cross-section of industries that
Sabrient believes are positioned to perform well in the coming year. They are GARP stocks – stocks
that they believe represent growth at a reasonable price – and they are meant to be held for the
full 15-month term of the trust.
This unit investment trust seeks above-average capital appreciation; however, there is no assurance the objective will be met. Although this portfolio terminates in approximately 15 months, the strategy is long-term. Investors should consider their ability to pursue investing in successive portfolios, if available. There may be tax consequences unless units are purchased in an IRA or other qualified plan.
Portfolio Selection Process
| Not FDIC Insured Not Bank Guaranteed May Lose Value
You should carefully consider the portfolio's investment objectives,
risks, and charges and expenses before investing. Contact your financial advisor
or call First Trust Portfolios, L.P. at 1.800.621.1675 to request a prospectus,
which contains this and other information about the portfolio. Read it carefully
before you invest.
An investment in this unmanaged unit investment trust should be made with an understanding of the risks involved with owning common stocks, such as an economic recession and the possible deterioration of either the financial condition of the issuers of the equity securities or the general condition of the stock market.
An investment in a portfolio containing small-cap and mid-cap companies is subject to additional risks, as the share prices of small-cap companies and
certain mid-cap companies are often more volatile than those of larger companies due to several factors, including limited trading volumes, products,
financial resources, management inexperience and less publicly available information.
An investment in foreign securities should be made with an understanding of the additional risks involved with foreign issuers, such as currency and
interest rate fluctuations, nationalization or other adverse political or economic developments, lack of liquidity of certain foreign markets, withholding,
the lack of adequate financial information, and exchange control restrictions impacting foreign issuers.
One of the securities in the portfolio is issued by a Real Estate Investment Trust (REIT).
Companies involved in the real estate industry are subject to changes in the real estate market,
vacancy rates and competition, volatile interest rates and economic recession.
The value of the securities held by the trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers.
Although this portfolio terminates in approximately 15 months, the
strategy is long-term. Investors should consider their ability to pursue
investing in successive portfolios, if available. There may be tax
consequences unless units are purchased in an IRA or other qualified plan.