Sabrient Rising Rate, 7  Ticker: FEHARX
A unit investment trust that seeks above-average capital appreciation. The portfolio seeks to find companies that Sabrient believes are positioned to perform well in environments of rising Treasury yields. The stocks are selected for the trust by Sabrient Systems, LLC by applying a comprehensive investment strategy process.
Product Code: SBRR7
Portfolio Status: Primary
Initial Offer Date: 02/21/2018
Portfolio Ending Date: 02/21/2020
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
Initial Offer Price: $10.0000
NAV(*): $9.2251
POP(*): $9.4346
Remaining Deferred Sales Charge: $0.2250
* As of Trade Date: 03/23/2018 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 * $0.0557
Subsequent Years * $0.0552
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 3.96%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 12.03%
Financials  Financials 29.62%
Health Care  Health Care 2.21%
Industrials  Industrials 26.96%
Information Technology  Information Technology 4.05%
Materials  Materials 21.08%
Real Estate  Real Estate 0.00%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 0.00%
Other  Other 0.09%
  Large Mid Small  
Growth  2.09% 14.48% 22.32%  
Value  3.94% 33.66% 23.42%  

 Style Weighting
Large-Cap Growth 2.09%
Large-Cap Value 3.94%
Mid-Cap Growth 14.48%
Mid-Cap Value 33.66%
Small-Cap Growth 22.32%
Small-Cap Value 23.42%
Undetermined 0.09%
U.S. Stocks 98.08%   Other 0.09%
Non-U.S. Stocks 1.83%      
The style and sector characteristics of the portfolio are determined as of 03/22/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $7,546.03
Weighted Average Price/Earnings 17.47
Weighted Average Price/Book 1.98
As of 3/22/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
 Range Resources Corporation RRC Energy  Energy Mid-Cap Value 2.35%
 XPO Logistics, Inc. XPO Industrials  Industrials Mid-Cap Growth 2.25%
 SPX FLOW, Inc. FLOW Industrials  Industrials Small-Cap Growth 2.25%
 Old Dominion Freight Line, Inc. ODFL Industrials  Industrials Mid-Cap Growth 2.22%
 Amedisys, Inc. AMED Health Care  Health Care Small-Cap Growth 2.21%
 ArcBest Corporation ARCB Industrials  Industrials Small-Cap Value 2.14%
 Cypress Semiconductor Corporation CY Information Technology  Information Technology Mid-Cap Growth 2.14%
 Westlake Chemical Corporation WLK Materials  Materials Mid-Cap Value 2.14%
 Ingevity Corporation NGVT Materials  Materials Small-Cap Growth 2.13%
 Saia, Inc. SAIA Industrials  Industrials Small-Cap Growth 2.12%
 William Lyon Homes (Class A) WLH Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.12%
 KMG Chemicals, Inc. KMG Materials  Materials Small-Cap Growth 2.11%
 RPC, Inc. RES Energy  Energy Mid-Cap Growth 2.10%
 The Charles Schwab Corporation SCHW Financials  Financials Large-Cap Growth 2.09%
 Virtus Investment Partners, Inc. VRTS Financials  Financials Small-Cap Value 2.09%
 Laredo Petroleum, Inc. LPI Energy  Energy Small-Cap Growth 2.09%
 Diamondback Energy, Inc. FANG Energy  Energy Mid-Cap Value 2.09%
 Voya Financial, Inc. VOYA Financials  Financials Mid-Cap Value 2.07%
 Schneider National, Inc. (Class B) SNDR Industrials  Industrials Mid-Cap Value 2.07%
 CSX Corporation CSX Industrials  Industrials Large-Cap Value 2.05%
 Columbus McKinnon Corporation CMCO Industrials  Industrials Small-Cap Value 2.05%
 AAR CORP. AIR Industrials  Industrials Small-Cap Value 2.05%
 Southside Bancshares, Inc. SBSI Financials  Financials Small-Cap Value 2.05%
 Sun Hydraulics Corporation SNHY Industrials  Industrials Small-Cap Growth 2.04%
 Raymond James Financial, Inc. RJF Financials  Financials Mid-Cap Value 2.02%
 SLM Corporation SLM Financials  Financials Mid-Cap Value 2.01%
 Meridian Bancorp, Inc. EBSB Financials  Financials Small-Cap Value 2.01%
 Regal Beloit Corporation RBC Industrials  Industrials Small-Cap Value 2.00%
 First Horizon National Corporation FHN Financials  Financials Mid-Cap Value 1.99%
 Home BancShares, Inc. HOMB Financials  Financials Mid-Cap Value 1.99%
 Comerica Incorporated CMA Financials  Financials Mid-Cap Value 1.97%
 Sterling Bancorp STL Financials  Financials Mid-Cap Value 1.97%
 Allison Transmission Holdings, Inc. ALSN Industrials  Industrials Mid-Cap Growth 1.96%
 East West Bancorp, Inc. EWBC Financials  Financials Mid-Cap Value 1.94%
 Unit Corporation UNT Energy  Energy Small-Cap Value 1.94%
 Kraton Corp. KRA Materials  Materials Small-Cap Growth 1.94%
 Stifel Financial Corp. SF Financials  Financials Mid-Cap Value 1.92%
 Coherent, Inc. COHR Information Technology  Information Technology Mid-Cap Growth 1.91%
 Allegheny Technologies Incorporated ATI Materials  Materials Small-Cap Value 1.90%
 FMC Corporation FMC Materials  Materials Mid-Cap Growth 1.90%
 Alcoa Corporation AA Materials  Materials Mid-Cap Value 1.90%
 Olin Corporation OLN Materials  Materials Mid-Cap Value 1.89%
 Citizens Financial Group, Inc. CFG Financials  Financials Large-Cap Value 1.89%
 Winnebago Industries, Inc. WGO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.84%
 Constellium N.V. (Class A) CSTM Materials  Materials Small-Cap Growth 1.83%
 Steel Dynamics, Inc. STLD Materials  Materials Mid-Cap Value 1.78%
 Terex Corporation TEX Industrials  Industrials Small-Cap Growth 1.76%
 NMI Holdings, Inc. (Class A) NMIH Financials  Financials Small-Cap Value 1.61%
 United States Steel Corporation X Materials  Materials Mid-Cap Value 1.56%
 Smart Sand, Inc. SND Energy  Energy Small-Cap Value 1.46%
Total Number of Holdings:    50
Underlying Securities information represented above is as of 03/22/2018 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  -0.16%
  Deferred:  2.38%
C&D Fee:    0.53%
Maximum Sales Charge:   2.75%
CUSIP Type Distribution
30307A542 Cash Semi-Annual
30307A559 Reinvest Semi-Annual
* Based on the offer price as of 03/23/2018 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.54%
Maximum Sales Charge:   0.54%
CUSIP Type Distribution
30307A567 Cash-Fee Semi-Annual
30307A575 Reinvest-Fee Semi-Annual
* Based on the NAV price as of 03/23/2018 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
$0.07500 June 20, 2018
$0.07500 July 20, 2018
$0.07500 August 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.

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

Buy & Hold Risk – Taxable Trusts. 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.

Financials Risk. The companies engaged in the financials sector are subject to the adverse effects of volatile interest rates, economic recession, decreases in the availability of capital, increased competition from new entrants in the field, and potential increased regulation.

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.

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.

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.