Sabrient Small Cap Growth, 17  Ticker: FMLLYX
This unit investment trust seeks above-average capital appreciation; however, there is no assurance the objective will be met.
Product Code: SBSC17
Portfolio Status: Primary
Initial Offer Date: 01/10/2018
Portfolio Ending Date: 04/10/2019
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
Initial Offer Price: $10.0000
NAV(*): $9.5062
POP(*): $9.6345
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 03/20/2018 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
Year 1 * $0.0483
Subsequent Years * $0.0482
As of 03/19/2018
* 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 17.02%
Consumer Staples  Consumer Staples 2.48%
Energy  Energy 8.59%
Financials  Financials 23.73%
Health Care  Health Care 2.55%
Industrials  Industrials 13.19%
Information Technology  Information Technology 16.27%
Materials  Materials 16.13%
Real Estate  Real Estate 0.00%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 0.00%
Other  Other 0.04%
  Large Mid Small  
Growth  0.00% 0.00% 54.46%  
Value  0.00% 2.09% 43.41%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 0.00%
Mid-Cap Value 2.09%
Small-Cap Growth 54.46%
Small-Cap Value 43.41%
Undetermined 0.04%
U.S. Stocks 88.22%   Other 0.04%
Non-U.S. Stocks 11.74%      
The style and sector characteristics of the portfolio are determined as of 03/19/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $1,652.16
Weighted Average Price/Earnings 16.69
Weighted Average Price/Book 2.02
As of 3/19/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
 KapStone Paper and Packaging Corporation KS Materials  Materials Small-Cap Growth 3.17%
 National General Holdings Corp. NGHC Financials  Financials Small-Cap Value 2.93%
 MCBC Holdings, Inc. MCFT Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.75%
 KEMET Corporation KEM Information Technology  Information Technology Small-Cap Growth 2.73%
 SMART Global Holdings, Inc. SGH Information Technology  Information Technology Small-Cap Growth 2.72%
 Ply Gem Holdings, Inc. PGEM Industrials  Industrials Small-Cap Growth 2.68%
 Pacific Premier Bancorp, Inc. PPBI Financials  Financials Small-Cap Value 2.56%
 Innoviva, Inc. INVA Health Care  Health Care Small-Cap Growth 2.55%
 Seacoast Banking Corporation of Florida SBCF Financials  Financials Small-Cap Value 2.49%
 The Andersons, Inc. ANDE Consumer Staples  Consumer Staples Small-Cap Value 2.48%
 Kaman Corporation KAMN Industrials  Industrials Small-Cap Growth 2.43%
 LegacyTexas Financial Group, Inc. LTXB Financials  Financials Small-Cap Value 2.41%
 Veritex Holdings, Inc. VBTX Financials  Financials Small-Cap Value 2.41%
 TopBuild Corp. BLD Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.40%
 Electro Scientific Industries, Inc. ESIO Information Technology  Information Technology Small-Cap Growth 2.37%
 Virtus Investment Partners, Inc. VRTS Financials  Financials Small-Cap Value 2.34%
 Xperi Corporation XPER Information Technology  Information Technology Small-Cap Growth 2.31%
 Comfort Systems USA, Inc. FIX Industrials  Industrials Small-Cap Growth 2.30%
 Constellium N.V. (Class A) CSTM Materials  Materials Small-Cap Growth 2.29%
 Yirendai Ltd. (ADR) YRD Financials  Financials Small-Cap Growth 2.26%
 IMAX Corporation IMAX Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.24%
 Summit Materials, Inc. (Class A) SUM Materials  Materials Small-Cap Growth 2.24%
 Pan American Silver Corp. PAAS Materials  Materials Small-Cap Value 2.23%
 Extreme Networks, Inc. EXTR Information Technology  Information Technology Small-Cap Growth 2.22%
 MFA Financial, Inc. MFA Financials  Financials Small-Cap Value 2.22%
 ArcBest Corporation ARCB Industrials  Industrials Small-Cap Value 2.16%
 Commercial Metals Company CMC Materials  Materials Small-Cap Value 2.16%
 Schnitzer Steel Industries, Inc. SCHN Materials  Materials Small-Cap Value 2.13%
 NCI Building Systems, Inc. NCS Industrials  Industrials Small-Cap Growth 2.10%
 OneMain Holdings, Inc. OMF Financials  Financials Mid-Cap Value 2.09%
 NMI Holdings, Inc. (Class A) NMIH Financials  Financials Small-Cap Value 2.02%
 Groupon, Inc. GRPN Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.98%
 Century Communities, Inc. CCS Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.98% Group, Inc. WEB Information Technology  Information Technology Small-Cap Growth 1.96%
 NetScout Systems, Inc. NTCT Information Technology  Information Technology Small-Cap Value 1.96%
 World Fuel Services Corporation INT Energy  Energy Small-Cap Value 1.94%
 William Lyon Homes (Class A) WLH Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.93%
 KB Home KBH Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.91%
 Ryerson Holding Corporation RYI Materials  Materials Small-Cap Growth 1.91%
 Winnebago Industries, Inc. WGO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.83%
 Unit Corporation UNT Energy  Energy Small-Cap Value 1.81%
 Laredo Petroleum, Inc. LPI Energy  Energy Small-Cap Growth 1.76%
 Penn Virginia Corporation PVAC Energy  Energy Small-Cap Growth 1.74%
 REV Group, Inc. REVG Industrials  Industrials Small-Cap Growth 1.52%
 Smart Sand, Inc. SND Energy  Energy Small-Cap Value 1.34%
Total Number of Holdings:    45
Underlying Securities information represented above is as of 03/19/2018 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  -0.07%
  Deferred:  1.40%
C&D Fee:    0.52%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30306D224 Cash Semi-Annual
30306D232 Reinvest Semi-Annual
* Based on the offer price as of 03/20/2018 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.53%
Maximum Sales Charge:   0.53%
CUSIP Type Distribution
30306D240 Cash-Fee Semi-Annual
30306D257 Reinvest-Fee Semi-Annual
* Based on the NAV price as of 03/20/2018 4:00pm ET
In addition to the sales charges listed, UITs are subject to annual operating expenses and organization costs.

 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.

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.