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Sabrient Small Cap Growth, 16  Ticker: FPNAFX
 
Description
This unit investment trust seeks above-average capital appreciation; however, there is no assurance the objective will be met.
 
Summary
Product Code: SBSC16
Portfolio Status: Secondary
Initial Offer Date: 10/13/2017
Secondary Date: 01/10/2018
Portfolio Ending Date: 01/14/2019
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $10.4356
POP(*): $10.5784
Remaining Deferred Sales Charge: $0.0900
* As of Trade Date: 01/18/2018 4:00pm ET
The Public Offering Price (POP) represents the net asset value per unit plus any applicable organization costs and sales charges. The Net Asset Value (NAV) represents the value per unit of a trust’s portfolio securities and other assets reduced by applicable deferred sales charges and other liabilities.

 Estimated Net Annual Distribution Per Unit
Estimated Net Annual Distribution * $0.0776
Subsequent Years * $0.0775
As of 01/16/2018
* The estimated net annual distribution for subsequent years is expected to be less than the amount for the first year because a portion of the securities included in the portfolio will be sold to pay for organization costs, the deferred sales charge and the creation and development fee.  The estimates are based on annualizing the most recent dividends declared by the issuers of the securities included in the portfolio. There is no guarantee that the issuers of the securities included in the portfolio will declare distributions in the future or that, if declared, they will either remain at current levels or increase over time.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Consumer Discretionary  Consumer Discretionary 19.76%
Consumer Staples  Consumer Staples 1.73%
Energy  Energy 4.00%
Financials  Financials 22.54%
Health Care  Health Care 3.93%
Industrials  Industrials 17.85%
Information Technology  Information Technology 17.65%
Materials  Materials 12.54%
Real Estate  Real Estate 0.00%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 0.00%
Other  Other 0.00%
 
  Large Mid Small  
Growth  0.00% 0.00% 53.44%  
Value  0.00% 6.29% 40.27%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 0.00%
Mid-Cap Value 6.29%
Small-Cap Growth 53.44%
Small-Cap Value 40.27%
Undetermined 0.00%
 Composition
U.S. Stocks 94.18%   Other 0.00%
Non-U.S. Stocks 5.82%      
The style and sector characteristics of the portfolio are determined as of 01/17/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $1,980.03
Weighted Average Price/Earnings 20.66
Weighted Average Price/Book 2.02
As of 1/17/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 NMI Holdings, Inc. (Class A) NMIH Financials  Financials Small-Cap Value 2.74%
 William Lyon Homes (Class A) WLH Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.55%
 Smart Sand, Inc. SND Energy  Energy Small-Cap Value 2.54%
 Nexstar Media Group, Inc. NXST Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.45%
 KB Home KBH Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.41%
 TRI Pointe Group, Inc. TPH Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.40%
 Ryerson Holding Corporation RYI Materials  Materials Small-Cap Growth 2.36%
 Kemper Corporation KMPR Financials  Financials Small-Cap Value 2.33%
 Stifel Financial Corp. SF Financials  Financials Mid-Cap Value 2.32%
 Virtusa Corporation VRTU Information Technology  Information Technology Small-Cap Growth 2.30%
 Winnebago Industries, Inc. WGO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.28%
 FTI Consulting, Inc. FCN Industrials  Industrials Small-Cap Value 2.22%
 TopBuild Corp. BLD Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.22%
 Boise Cascade Company BCC Materials  Materials Small-Cap Growth 2.21%
 American Equity Investment Life Holding Company AEL Financials  Financials Small-Cap Value 2.12%
 REV Group, Inc. REVG Industrials  Industrials Small-Cap Growth 2.11%
 Columbus McKinnon Corporation CMCO Industrials  Industrials Small-Cap Growth 2.09%
 Constellium N.V. (Class A) CSTM Materials  Materials Small-Cap Growth 2.09%
 KapStone Paper and Packaging Corporation KS Materials  Materials Small-Cap Growth 2.09%
 Granite Construction Incorporated GVA Industrials  Industrials Small-Cap Growth 2.08%
 Caleres, Inc. CAL Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.06%
 Enterprise Financial Services Corp EFSC Financials  Financials Small-Cap Value 2.06%
 Tech Data Corporation TECD Information Technology  Information Technology Mid-Cap Value 2.04%
 Extreme Networks, Inc. EXTR Information Technology  Information Technology Small-Cap Growth 2.04%
 Continental Building Products, Inc. CBPX Industrials  Industrials Small-Cap Growth 2.03%
 The Ensign Group, Inc. ENSG Health Care  Health Care Small-Cap Growth 2.01%
 GMS Inc. GMS Industrials  Industrials Small-Cap Growth 1.97%
 Virtus Investment Partners, Inc. VRTS Financials  Financials Small-Cap Value 1.96%
 Lithia Motors, Inc. LAD Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.94%
 Greif, Inc. GEF Materials  Materials Small-Cap Growth 1.94%
 Chemical Financial Corporation CHFC Financials  Financials Mid-Cap Value 1.93%
 BioTelemetry, Inc. BEAT Health Care  Health Care Small-Cap Growth 1.92%
 Pacific Premier Bancorp, Inc. PPBI Financials  Financials Small-Cap Value 1.90%
 Belden Inc. BDC Information Technology  Information Technology Small-Cap Growth 1.87%
 Aircastle Limited AYR Industrials  Industrials Small-Cap Value 1.87%
 Mitel Networks Corporation MITL Information Technology  Information Technology Small-Cap Growth 1.86%
 Summit Materials, Inc. (Class A) SUM Materials  Materials Small-Cap Growth 1.85%
 Dime Community Bancshares, Inc. DCOM Financials  Financials Small-Cap Value 1.82%
 Federal Signal Corporation FSS Industrials  Industrials Small-Cap Growth 1.77%
 Semtech Corporation SMTC Information Technology  Information Technology Small-Cap Growth 1.73%
 The Andersons, Inc. ANDE Consumer Staples  Consumer Staples Small-Cap Value 1.73%
 MTGE Investment Corp. MTGE Financials  Financials Small-Cap Value 1.72%
 Meritor, Inc. MTOR Industrials  Industrials Small-Cap Growth 1.71%
 Axcelis Technologies, Inc. ACLS Information Technology  Information Technology Small-Cap Growth 1.65%
 MFA Financial, Inc. MFA Financials  Financials Small-Cap Value 1.64%
 NetScout Systems, Inc. NTCT Information Technology  Information Technology Small-Cap Value 1.47%
 World Fuel Services Corporation INT Energy  Energy Small-Cap Value 1.46%
 Nautilus, Inc. NLS Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.45%
 Ultra Clean Holdings, Inc. UCTT Information Technology  Information Technology Small-Cap Growth 1.42%
 KEMET Corporation KEM Information Technology  Information Technology Small-Cap Value 1.27%
 
Total Number of Holdings:    50
Underlying Securities information represented above is as of 01/17/2018 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 January 19, 2018
$0.04500 February 20, 2018
$0.04500 March 20, 2018

Risk Considerations

Equity Risk. An investment in a portfolio containing common stocks is subject to certain risks, 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.

Foreign Securities Risk. An investment in securities of foreign issuers should be made with an understanding of the additional risks involved, such as currency fluctuations, political risk, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers.

IRA Risk. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

REITs Risk. An investment in a portfolio containing REIT securities is subject to 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 economic recession.

Small-Cap and Mid-Cap Risk. 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.

Volatility Risk. 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.

All data used for the sector and style classification comparisons is from Bloomberg Finance L.P, which we believe to be reliable, but do not take responsibility for its accuracy.

The style and capitalization characteristics used to describe the stocks are designed to help you understand how they fit into your overall investment plan. Due to changes in the value of the stocks the characteristics may vary over time. In general, growth stocks have high relative price-to-book ratios while value stocks have low relative price-to-book ratios. In determining market capitalization characteristics, we analyze the market capitalizations of the 3,000 largest stocks in the U.S. (excluding foreign securities, ADRs, limited partnerships and regulated investment companies) on a monthly basis. Companies with market capitalizations among the largest 10% are considered Large-Cap securities, the next 20% are considered Mid-Cap securities and the remaining securities are considered Small-Cap securities.

Although the portfolio terminates in approximately one year, 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.

You should carefully consider the trust'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 trust. Read it carefully before you invest.

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.

Not FDIC Insured, Not Bank Guaranteed and May Lose Value.

Fund Cusip Information
30305A643 (Cash)
30305A650 (Reinvest)
30305A668 (Cash-Fee)
30305A676 (Reinvest-Fee)
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
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