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Sabrient Small Cap Growth, 17  Ticker: FMLLYX
 
Description
This unit investment trust seeks above-average capital appreciation; however, there is no assurance the objective will be met.
 
Summary
Product Code: SBSC17
Portfolio Status: Secondary
Initial Offer Date: 01/10/2018
Secondary Date: 04/04/2018
Portfolio Ending Date: 04/10/2019
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $9.6484
POP(*): $9.7805
Remaining Deferred Sales Charge: $0.0450
* As of Trade Date: 06/15/2018 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 Per Unit * $0.0477
As of 06/11/2018
* 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 17.16%
Consumer Staples  Consumer Staples 2.44%
Energy  Energy 10.67%
Financials  Financials 23.03%
Health Care  Health Care 2.25%
Industrials  Industrials 11.80%
Information Technology  Information Technology 15.98%
Materials  Materials 16.67%
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% 47.28%  
Value  0.00% 2.19% 50.53%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 0.00%
Mid-Cap Value 2.19%
Small-Cap Growth 47.28%
Small-Cap Value 50.53%
Undetermined 0.00%
 Composition
U.S. Stocks 88.94%   Other 0.00%
Non-U.S. Stocks 11.06%      
The style and sector characteristics of the portfolio are determined as of 06/15/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Price/Earnings 15.95
Weighted Average Price/Book 2.04
As of 6/15/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Penn Virginia Corporation PVAC Energy  Energy Small-Cap Growth 3.77%
 KEMET Corporation KEM Information Technology  Information Technology Small-Cap Growth 3.46%
 MCBC Holdings, Inc. MCFT Consumer Discretionary  Consumer Discretionary Small-Cap Growth 3.16%
 National General Holdings Corp. NGHC Financials  Financials Small-Cap Value 3.12%
 KapStone Paper and Packaging Corporation KS Materials  Materials Small-Cap Growth 3.08%
 ArcBest Corporation ARCB Industrials  Industrials Small-Cap Value 2.93%
 Seacoast Banking Corporation of Florida SBCF Financials  Financials Small-Cap Value 2.80%
 Kaman Corporation KAMN Industrials  Industrials Small-Cap Growth 2.71%
 SMART Global Holdings, Inc. SGH Information Technology  Information Technology Small-Cap Growth 2.63%
 Veritex Holdings, Inc. VBTX Financials  Financials Small-Cap Value 2.60%
 Ryerson Holding Corporation RYI Materials  Materials Small-Cap Growth 2.56%
 Comfort Systems USA, Inc. FIX Industrials  Industrials Small-Cap Growth 2.54%
 NCI Building Systems, Inc. NCS Industrials  Industrials Small-Cap Growth 2.52%
 Pan American Silver Corp. PAAS Materials  Materials Small-Cap Value 2.50%
 The Andersons, Inc. ANDE Consumer Staples  Consumer Staples Small-Cap Value 2.44%
 TopBuild Corp. BLD Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.40%
 IMAX Corporation IMAX Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.36%
 Web.com Group, Inc. WEB Information Technology  Information Technology Small-Cap Growth 2.34%
 Constellium N.V. (Class A) CSTM Materials  Materials Small-Cap Growth 2.34%
 Virtus Investment Partners, Inc. VRTS Financials  Financials Small-Cap Value 2.31%
 Pacific Premier Bancorp, Inc. PPBI Financials  Financials Small-Cap Value 2.27%
 Innoviva, Inc. INVA Health Care  Health Care Small-Cap Growth 2.25%
 MFA Financial, Inc. MFA Financials  Financials Small-Cap Value 2.23%
 NetScout Systems, Inc. NTCT Information Technology  Information Technology Small-Cap Value 2.19%
 OneMain Holdings, Inc. OMF Financials  Financials Mid-Cap Value 2.19%
 Schnitzer Steel Industries, Inc. SCHN Materials  Materials Small-Cap Value 2.18%
 LegacyTexas Financial Group, Inc. LTXB Financials  Financials Small-Cap Value 2.18%
 Century Communities, Inc. CCS Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.16%
 NMI Holdings, Inc. (Class A) NMIH Financials  Financials Small-Cap Value 2.10%
 Commercial Metals Company CMC Materials  Materials Small-Cap Value 2.08%
 Unit Corporation UNT Energy  Energy Small-Cap Value 2.06%
 Groupon, Inc. GRPN Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.04%
 Electro Scientific Industries, Inc. ESIO Information Technology  Information Technology Small-Cap Growth 2.02%
 Summit Materials, Inc. (Class A) SUM Materials  Materials Small-Cap Growth 1.93%
 World Fuel Services Corporation INT Energy  Energy Small-Cap Value 1.80%
 Xperi Corporation XPER Information Technology  Information Technology Small-Cap Value 1.77%
 William Lyon Homes (Class A) WLH Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.75%
 Laredo Petroleum, Inc. LPI Energy  Energy Small-Cap Value 1.71%
 KB Home KBH Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.69%
 Winnebago Industries, Inc. WGO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.60%
 Extreme Networks, Inc. EXTR Information Technology  Information Technology Small-Cap Growth 1.57%
 Smart Sand, Inc. SND Energy  Energy Small-Cap Value 1.33%
 Yirendai Ltd. (ADR) YRD Financials  Financials Small-Cap Value 1.23%
 REV Group, Inc. REVG Industrials  Industrials Small-Cap Value 1.10%
 
Total Number of Holdings:    44
Underlying Securities information represented above is as of 06/15/2018 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 April 20, 2018
$0.04500 May 18, 2018
$0.04500 June 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.

Operational Risk. As the use of Internet technology has become more prevalent in the course of business, the trust has become more susceptible to potential operational risks through breaches in cyber security.

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
30306D224 (Cash)
30306D232 (Reinvest)
30306D240 (Cash-Fee)
30306D257 (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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