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Sabrient Defensive Equity, 18  Ticker: FIZLJX
 
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: SBDF18
Portfolio Status: Primary
Initial Offer Date: 11/29/2018
Portfolio Ending Date: 03/02/2020
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $9.4289
POP(*): $9.5557
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 12/11/2018 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 * $0.1743
Subsequent Years * $0.1732
As of 12/10/2018
* 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
Communication Services  Communication Services 3.99%
Consumer Discretionary  Consumer Discretionary 13.88%
Consumer Staples  Consumer Staples 12.28%
Energy  Energy 9.93%
Financials  Financials 19.53%
Health Care  Health Care 2.02%
Industrials  Industrials 17.27%
Information Technology  Information Technology 8.34%
Materials  Materials 6.24%
Real Estate  Real Estate 4.34%
Utilities  Utilities 2.18%
Other  Other 0.00%
 
  Large Mid Small  
Growth  18.60% 10.42% 9.62%  
Value  17.95% 27.78% 15.63%  

 Style Weighting
Large-Cap Growth 18.60%
Large-Cap Value 17.95%
Mid-Cap Growth 10.42%
Mid-Cap Value 27.78%
Small-Cap Growth 9.62%
Small-Cap Value 15.63%
Undetermined 0.00%
 Composition
U.S. Stocks 87.99%   Other 0.00%
Non-U.S. Stocks 12.01%      
The style and sector characteristics of the portfolio are determined as of 12/11/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $32,913.96
Weighted Average Price/Earnings 14.36
Weighted Average Price/Book 2.05
As of 12/11/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Royal Gold, Inc. RGLD Materials  Materials Mid-Cap Value 2.23%
 Crown Castle International Corp. CCI Real Estate  Real Estate Large-Cap Growth 2.19%
 Southwest Gas Holdings, Inc. SWX Utilities  Utilities Mid-Cap Value 2.18%
 Gaming and Leisure Properties, Inc. GLPI Real Estate  Real Estate Mid-Cap Growth 2.15%
 AutoZone, Inc. AZO Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.14%
 Mellanox Technologies, Ltd. MLNX Information Technology  Information Technology Mid-Cap Growth 2.13%
 Casey's General Stores, Inc. CASY Consumer Staples  Consumer Staples Mid-Cap Growth 2.12%
 Harris Corporation HRS Industrials  Industrials Large-Cap Growth 2.12%
 NetScout Systems, Inc. NTCT Information Technology  Information Technology Small-Cap Value 2.11%
 TTEC Holdings, Inc. TTEC Information Technology  Information Technology Small-Cap Growth 2.09%
 Hormel Foods Corporation HRL Consumer Staples  Consumer Staples Large-Cap Growth 2.09%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 2.07%
 Nasdaq, Inc. NDAQ Financials  Financials Mid-Cap Value 2.07%
 Verizon Communications Inc. VZ Communication Services  Communication Services Large-Cap Growth 2.06%
 Granite Point Mortgage Trust Inc. GPMT Financials  Financials Small-Cap Value 2.06%
 Sonoco Products Company SON Materials  Materials Mid-Cap Growth 2.05%
 US Foods Holding Corp. USFD Consumer Staples  Consumer Staples Mid-Cap Value 2.05%
 Sysco Corporation SYY Consumer Staples  Consumer Staples Large-Cap Growth 2.02%
 Total S.A. (ADR) TOT Energy  Energy Large-Cap Value 2.02%
 Anthem, Inc. ANTM Health Care  Health Care Large-Cap Value 2.02%
 Post Holdings, Inc. POST Consumer Staples  Consumer Staples Mid-Cap Value 2.02%
 The TJX Companies, Inc. TJX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.01%
 Ciena Corporation CIEN Information Technology  Information Technology Mid-Cap Value 2.01%
 Willis Towers Watson Plc WLTW Financials  Financials Large-Cap Value 2.01%
 Kansas City Southern KSU Industrials  Industrials Mid-Cap Value 2.00%
 Delta Air Lines, Inc. DAL Industrials  Industrials Large-Cap Value 2.00%
 Dollar General Corporation DG Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.00%
 Royal Dutch Shell Plc (Class B) (ADR) RDS/B Energy  Energy Large-Cap Value 2.00%
 Darling Ingredients Inc. DAR Consumer Staples  Consumer Staples Small-Cap Value 1.98%
 The Travelers Companies, Inc. TRV Financials  Financials Large-Cap Value 1.98%
 Burlington Stores, Inc. BURL Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.97%
 Ross Stores, Inc. ROST Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.97%
 The Mosaic Company MOS Materials  Materials Mid-Cap Value 1.96%
 Popular, Inc. BPOP Financials  Financials Mid-Cap Value 1.96%
 ICF International, Inc. ICFI Industrials  Industrials Small-Cap Value 1.95%
 LegacyTexas Financial Group, Inc. LTXB Financials  Financials Small-Cap Value 1.95%
 Marathon Petroleum Corporation MPC Energy  Energy Large-Cap Value 1.95%
 AGCO Corporation AGCO Industrials  Industrials Mid-Cap Value 1.93%
 Oxford Industries, Inc. OXM Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.93%
 Viacom Inc. (Class B) VIAB Communication Services  Communication Services Mid-Cap Value 1.93%
 Triumph Bancorp, Inc. TBK Financials  Financials Small-Cap Value 1.90%
 BB&T Corporation BBT Financials  Financials Large-Cap Value 1.90%
 HollyFrontier Corporation HFC Energy  Energy Mid-Cap Value 1.89%
 Masonite International Corporation DOOR Industrials  Industrials Small-Cap Growth 1.89%
 Associated Banc-Corp ASB Financials  Financials Small-Cap Value 1.88%
 Dine Brands Global, Inc. DIN Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.86%
 Heritage-Crystal Clean, Inc. HCCI Industrials  Industrials Small-Cap Growth 1.85%
 Huntington Bancshares Incorporated HBAN Financials  Financials Mid-Cap Value 1.82%
 Mobile Mini, Inc. MINI Industrials  Industrials Small-Cap Value 1.80%
 Alaska Air Group, Inc. ALK Industrials  Industrials Mid-Cap Value 1.73%
 
Total Number of Holdings:    50
Underlying Securities information represented above is as of 12/11/2018 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  -0.08%
  Deferred:  1.41%
C&D Fee:    0.52%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30310G601 Cash Semi-Annual
30310G619 Reinvest Semi-Annual
* Based on the offer price as of 12/11/2018 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.53%
Maximum Sales Charge:   0.53%
CUSIP Type Distribution
30310G627 Cash-Fee Semi-Annual
30310G635 Reinvest-Fee Semi-Annual
* Based on the NAV price as of 12/11/2018 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 March 20, 2019
$0.04500 April 18, 2019
$0.04500 May 20, 2019

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.

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.

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
30310G601 (Cash)
30310G619 (Reinvest)
30310G627 (Cash-Fee)
30310G635 (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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