Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 

Sabrient Dividend, 23  Ticker: FQBCAX
 
Description
A unit investment trust that seeks above-average total return through a combination of capital appreciation and dividend income. The portfolio seeks to find companies with above-average dividend yields. The stocks are selected for the trust by Sabrient Systems, LLC by applying a seven-step investment strategy process.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: SBDV23
Portfolio Status: Secondary
Initial Offer Date: 04/27/2018
Secondary Date: 07/25/2018
Portfolio Ending Date: 04/27/2020
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.2526
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 07/16/2019 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.

 Historical 12-Month Distribution of Trust Holdings:^
Rate  Per Unit (as of 7/15/2019)
----- $0.39710
^There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The historical 12-month distribution per unit of the securities included in the trust are for illustrative purposes only and are not indicative of the trust's distribution or distribution rate. The historical 12-month distribution per unit is based on the weighted average of the trailing twelve month distributions paid by the securities included in the portfolio. The historical 12-month distributions are reduced to account for the effects of fees and expenses, which will be incurred when investing in a trust. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital. PLEASE NOTE: For trusts that hold preferred securities, the historical distribution is calculated only using the holdings that have 12 months of distribution history. Any holdings without a 12 month history of dividends were excluded from the calculation. Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution per unit paid by the trust may be higher or lower than the amount shown above due to certain factors that may include, but are not limited to, a change in the dividends or distributions paid by issuers, actual expenses incurred, or the sale of securities in the portfolio.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 8.85%
Consumer Discretionary  Consumer Discretionary 9.35%
Consumer Staples  Consumer Staples 5.68%
Energy  Energy 15.39%
Financials  Financials 19.94%
Health Care  Health Care 5.65%
Industrials  Industrials 6.33%
Information Technology  Information Technology 6.30%
Materials  Materials 3.35%
Real Estate  Real Estate 11.25%
Utilities  Utilities 7.77%
Other  Other 0.14%
 
  Large Mid Small  
Growth  9.81% 16.76% 3.55%  
Value  31.00% 22.79% 15.95%  

 Style Weighting
Large-Cap Growth 9.81%
Large-Cap Value 31.00%
Mid-Cap Growth 16.76%
Mid-Cap Value 22.79%
Small-Cap Growth 3.55%
Small-Cap Value 15.95%
Undetermined 0.14%
 Composition
U.S. Stocks 83.95%   Other 0.14%
Non-U.S. Stocks 15.91%      
The style and sector characteristics of the portfolio are determined as of 07/15/2019 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $48,996.20
Weighted Average Price/Earnings 13.88
Weighted Average Price/Book 1.70
As of 7/15/2019
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Medical Properties Trust, Inc. MPW Real Estate  Real Estate Mid-Cap Value 3.04%
 Arbor Realty Trust, Inc. ABR Financials  Financials Small-Cap Value 2.94%
 The AES Corporation AES Utilities  Utilities Mid-Cap Growth 2.92%
 M.D.C. Holdings, Inc. MDC Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.85%
 Marathon Petroleum Corporation MPC Energy  Energy Large-Cap Value 2.85%
 Cogent Communications Holdings, Inc. CCOI Communication Services  Communication Services Small-Cap Growth 2.73%
 Broadcom Inc. AVGO Information Technology  Information Technology Large-Cap Growth 2.57%
 Public Service Enterprise Group Incorporated PEG Utilities  Utilities Large-Cap Value 2.46%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 2.41%
 Delta Air Lines, Inc. DAL Industrials  Industrials Large-Cap Value 2.41%
 The Travelers Companies, Inc. TRV Financials  Financials Large-Cap Value 2.39%
 CenterPoint Energy, Inc. CNP Utilities  Utilities Mid-Cap Value 2.39%
 CoreSite Realty Corporation COR Real Estate  Real Estate Mid-Cap Growth 2.38%
 FNF Group FNF Financials  Financials Mid-Cap Value 2.32%
 Aircastle Limited AYR Industrials  Industrials Small-Cap Value 2.22%
 Apollo Commercial Real Estate Finance, Inc. ARI Financials  Financials Small-Cap Value 2.16%
 Flowers Foods, Inc. FLO Consumer Staples  Consumer Staples Mid-Cap Growth 2.15%
 AT&T Inc. T Communication Services  Communication Services Large-Cap Value 2.12%
 Penske Automotive Group, Inc. PAG Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.08%
 International Business Machines Corporation IBM Information Technology  Information Technology Large-Cap Growth 2.04%
 The Interpublic Group of Companies, Inc. IPG Communication Services  Communication Services Mid-Cap Growth 2.01%
 Chesapeake Lodging Trust CHSP Real Estate  Real Estate Small-Cap Value 2.00%
 Ryman Hospitality Properties, Inc. RHP Real Estate  Real Estate Mid-Cap Growth 1.99%
 Prudential Financial, Inc. PRU Financials  Financials Large-Cap Value 1.99%
 Cinemark Holdings, Inc. CNK Communication Services  Communication Services Mid-Cap Value 1.99%
 Principal Financial Group, Inc. PFG Financials  Financials Mid-Cap Value 1.98%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 1.97%
 New Residential Investment Corp. NRZ Financials  Financials Mid-Cap Value 1.89%
 Altria Group, Inc. MO Consumer Staples  Consumer Staples Large-Cap Growth 1.88%
 BP Plc (ADR) BP Energy  Energy Large-Cap Value 1.88%
 People's United Financial, Inc. PBCT Financials  Financials Mid-Cap Value 1.86%
 Phillips 66 PSX Energy  Energy Large-Cap Value 1.86%
 Total S.A. (ADR) TOT Energy  Energy Large-Cap Value 1.85%
 Iron Mountain Incorporated IRM Real Estate  Real Estate Mid-Cap Growth 1.84%
 Royal Dutch Shell Plc (Class B) (ADR) RDS/B Energy  Energy Large-Cap Value 1.84%
 Las Vegas Sands Corp. LVS Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.82%
 Six Flags Entertainment Corporation SIX Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.78%
 CVS Health Corporation CVS Health Care  Health Care Large-Cap Value 1.74%
 Costamare Inc. CMRE Industrials  Industrials Small-Cap Value 1.70%
 Seagate Technology Plc STX Information Technology  Information Technology Mid-Cap Growth 1.69%
 LyondellBasell Industries N.V. LYB Materials  Materials Large-Cap Value 1.68%
 International Paper Company IP Materials  Materials Mid-Cap Value 1.67%
 Bunge Limited BG Consumer Staples  Consumer Staples Mid-Cap Value 1.65%
 HollyFrontier Corporation HFC Energy  Energy Mid-Cap Value 1.59%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 1.55%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 1.50%
 Invesco Ltd. IVZ Financials  Financials Mid-Cap Value 1.40%
 Annaly Capital Management, Inc. NLY Financials  Financials Mid-Cap Value 1.01%
 Tupperware Brands Corporation TUP Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.82%
 
Total Number of Holdings:    49
Underlying Securities information represented above is as of 07/15/2019 but will vary with future fluctuations in the market.

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.

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.

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.

Additional Risk. For a discussion of additional risks of investing in the trust see the "Risk Factors" section of the prospectus.

Important Note. It is important to note that an investment can be made in the underlying funds directly rather than through the trust. These direct investments can be made without paying the trust's sales charge, operating expenses and organizational costs.

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.

Fund Cusip Information
30308C182 (Cash)
30308C190 (Reinvest)
30308C208 (Cash-Fee)
30308C216 (Reinvest-Fee)
Printer Friendly Page Printer Friendly Page

 
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, the Internal Revenue Code or any other regulatory framework. Financial advisors are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2019 All rights reserved.