Sabrient Dividend Portfolio, Series 22
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 Dividend Portfolio is a unit investment trust that seeks to find companies with above-average dividend yields. The stocks in the portfolio are selected by applying a seven-step investment strategy process developed by Sabrient.
This unit investment trust seeks above-average total return through a combination of capital appreciation and dividend income; however, there is no assurance the objective will be met.
| Not FDIC Insured Not Bank Guaranteed May Lose Value
You should consider the portfolio's investment objectives, risks, and
charges and expenses carefully 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.
You should be aware that the portfolio is
concentrated in the real estate sector which
involves additional risks, including limited
diversification. Companies involved in the real
estate industry are subject to changes in the
real estate market, vacancy rates and
competition, volatile interest rates and
Two of the securities in the trust is a closedend
fund which has elected to be treated as a
business development company (BDC).
Closed-end funds and BDCs are subject to
various risks, including management's ability
to meet the fund's investment objective, and
to manage the fund's portfolio when the
underlying securities are redeemed or sold,
during periods of market turmoil and as
investors' perceptions regarding the funds or
their underlying investments change. Closedend
funds and BDCs may trade at a discount
from their net asset value in the secondary
market. Closed-end funds and BDCs may
employ the use of leverage which increases
the volatility of such funds.
It is important to note that an investment can
be made in the underlying fund directly
rather than through the trust. The direct
investment can be made without paying the
trust's sales charge, operating expenses and
For a discussion of additional risks of
investing in the trust, see the "Risk Factors"
section of the prospectus.
This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity. There may be tax consequences unless units are purchased in an IRA or other qualified plan.
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.