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Sabrient Defensive Equity, 16  Ticker: FMEHOX
 
Description
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 falling stock prices but also those companies that have the potential to provide solid performance in rising markets. The stocks are selected for the trust by Sabrient Systems, LLC by applying a seven-step investment strategy process.
 
Summary
Product Code: SBDF16
Portfolio Status: Primary
Initial Offer Date: 06/06/2018
Portfolio Ending Date: 09/06/2019
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $9.9719
POP(*): $10.1089
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 07/18/2018 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
Year 1 * $0.1648
Subsequent Years * $0.1640
As of 07/16/2018
* 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 4.00%
Consumer Staples  Consumer Staples 22.36%
Energy  Energy 9.14%
Financials  Financials 29.85%
Health Care  Health Care 6.50%
Industrials  Industrials 6.13%
Information Technology  Information Technology 0.00%
Materials  Materials 7.65%
Real Estate  Real Estate 7.96%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 6.25%
Other  Other 0.16%
 
  Large Mid Small  
Growth  6.08% 6.24% 11.90%  
Value  15.92% 29.92% 29.78%  

 Style Weighting
Large-Cap Growth 6.08%
Large-Cap Value 15.92%
Mid-Cap Growth 6.24%
Mid-Cap Value 29.92%
Small-Cap Growth 11.90%
Small-Cap Value 29.78%
Undetermined 0.16%
 Composition
U.S. Stocks 80.02%   Other 0.16%
Non-U.S. Stocks 19.82%      
The style and sector characteristics of the portfolio are determined as of 07/18/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $30,158.48
Weighted Average Price/Earnings 17.20
Weighted Average Price/Book 1.87
As of 7/17/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Tabula Rasa HealthCare, Inc. TRHC Health Care  Health Care Small-Cap Growth 2.28%
 Sempra Energy SRE Utilities  Utilities Large-Cap Value 2.19%
 National Beverage Corp. FIZZ Consumer Staples  Consumer Staples Mid-Cap Growth 2.19%
 Post Holdings, Inc. POST Consumer Staples  Consumer Staples Mid-Cap Value 2.17%
 Radian Group Inc. RDN Financials  Financials Small-Cap Value 2.16%
 Essent Group Ltd. ESNT Financials  Financials Small-Cap Value 2.15%
 The Procter & Gamble Company PG Consumer Staples  Consumer Staples Large-Cap Value 2.14%
 LHC Group, Inc. LHCG Health Care  Health Care Small-Cap Growth 2.13%
 Lamb Weston Holdings, Inc. LW Consumer Staples  Consumer Staples Mid-Cap Growth 2.13%
 Pinnacle West Capital Corporation PNW Utilities  Utilities Mid-Cap Value 2.10%
 Arch Capital Group Ltd. ACGL Financials  Financials Mid-Cap Value 2.09%
 Addus HomeCare Corporation ADUS Health Care  Health Care Small-Cap Growth 2.09%
 Viacom Inc. (Class B) VIAB Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.08%
 US Foods Holding Corp. USFD Consumer Staples  Consumer Staples Mid-Cap Value 2.08%
 Everest Re Group, Ltd. RE Financials  Financials Mid-Cap Value 2.07%
 Philip Morris International Inc. PM Consumer Staples  Consumer Staples Large-Cap Growth 2.07%
 The Hanover Insurance Group, Inc. THG Financials  Financials Mid-Cap Value 2.06%
 Bank of America Corporation BAC Financials  Financials Large-Cap Value 2.05%
 Seaspan Corporation SSW Industrials  Industrials Small-Cap Value 2.05%
 Wesco Aircraft Holdings, Inc. WAIR Industrials  Industrials Small-Cap Value 2.05%
 ICF International, Inc. ICFI Industrials  Industrials Small-Cap Value 2.03%
 National General Holdings Corp. NGHC Financials  Financials Small-Cap Value 2.02%
 MGM Growth Properties LLC (Class A) MGP Real Estate  Real Estate Mid-Cap Value 2.02%
 American Tower Corporation AMT Real Estate  Real Estate Large-Cap Growth 2.01%
 Rayonier Advanced Materials Inc. RYAM Materials  Materials Small-Cap Value 2.01%
 The Hershey Company HSY Consumer Staples  Consumer Staples Large-Cap Growth 2.00%
 Pinnacle Foods Inc. PF Consumer Staples  Consumer Staples Mid-Cap Value 2.00%
 Sun Communities, Inc. SUI Real Estate  Real Estate Mid-Cap Value 1.98%
 RenaissanceRe Holdings Ltd. RNR Financials  Financials Mid-Cap Value 1.98%
 Royal Dutch Shell Plc (Class B) (ADR) RDS/B Energy  Energy Large-Cap Value 1.98%
 Veritex Holdings, Inc. VBTX Financials  Financials Small-Cap Value 1.98%
 Public Service Enterprise Group Incorporated PEG Utilities  Utilities Large-Cap Value 1.96%
 Sandy Spring Bancorp, Inc. SASR Financials  Financials Small-Cap Value 1.96%
 Independent Bank Corporation IBCP Financials  Financials Small-Cap Value 1.95%
 Chesapeake Lodging Trust CHSP Real Estate  Real Estate Small-Cap Value 1.95%
 Bemis Company, Inc. BMS Materials  Materials Small-Cap Growth 1.94%
 Ulta Beauty, Inc. ULTA Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.92%
 Bunge Limited BG Consumer Staples  Consumer Staples Mid-Cap Value 1.91%
 The Navigators Group, Inc. NAVG Financials  Financials Small-Cap Value 1.91%
 The Progressive Corporation PGR Financials  Financials Large-Cap Value 1.89%
 BP Plc (ADR) BP Energy  Energy Large-Cap Value 1.89%
 Goldcorp Inc. GG Materials  Materials Mid-Cap Value 1.88%
 First Hawaiian, Inc. FHB Financials  Financials Small-Cap Value 1.88%
 United Natural Foods, Inc. UNFI Consumer Staples  Consumer Staples Small-Cap Value 1.86%
 Pan American Silver Corp. PAAS Materials  Materials Small-Cap Value 1.82%
 Phillips 66 PSX Energy  Energy Large-Cap Value 1.82%
 Cal-Maine Foods, Inc. CALM Consumer Staples  Consumer Staples Small-Cap Growth 1.81%
 HollyFrontier Corporation HFC Energy  Energy Mid-Cap Value 1.80%
 Virtu Financial, Inc. (Class A) VIRT Financials  Financials Mid-Cap Value 1.70%
 Delek US Holdings, Inc. DK Energy  Energy Small-Cap Growth 1.65%
 
Total Number of Holdings:    50
Underlying Securities information represented above is as of 07/18/2018 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.02%
  Deferred:  1.34%
C&D Fee:    0.49%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30308D743 Cash Semi-Annual
30308D750 Reinvest Semi-Annual
* Based on the offer price as of 07/18/2018 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.50%
Maximum Sales Charge:   0.50%
CUSIP Type Distribution
30308D768 Cash-Fee Semi-Annual
30308D776 Reinvest-Fee Semi-Annual
* Based on the NAV price as of 07/18/2018 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 September 20, 2018
$0.04500 October 19, 2018
$0.04500 November 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.

Consumer Products Risk. The companies engaged in the consumer products sector are subject to global competition, changing government regulations and trade policies, currency fluctuations, and the financial and political risks inherent in producing products for foreign markets.

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.

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
30308D743 (Cash)
30308D750 (Reinvest)
30308D768 (Cash-Fee)
30308D776 (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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