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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.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: SBDF18
Portfolio Status: Secondary
Initial Offer Date: 11/29/2018
Secondary Date: 02/27/2019
Portfolio Ending Date: 03/02/2020
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $10.7272
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/13/2019 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 12/13/2019)
----- $0.17220
^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 3.14%
Consumer Discretionary  Consumer Discretionary 15.52%
Consumer Staples  Consumer Staples 12.49%
Energy  Energy 8.07%
Financials  Financials 19.12%
Health Care  Health Care 1.80%
Industrials  Industrials 19.40%
Information Technology  Information Technology 8.53%
Materials  Materials 5.75%
Real Estate  Real Estate 4.35%
Utilities  Utilities 1.75%
Other  Other 0.08%
 
  Large Mid Small  
Growth  14.22% 13.81% 12.44%  
Value  23.76% 27.06% 8.63%  

 Style Weighting
Large-Cap Growth 14.22%
Large-Cap Value 23.76%
Mid-Cap Growth 13.81%
Mid-Cap Value 27.06%
Small-Cap Growth 12.44%
Small-Cap Value 8.63%
Undetermined 0.08%
 Composition
U.S. Stocks 87.68%   Other 0.08%
Non-U.S. Stocks 12.24%      
The style and sector characteristics of the portfolio are determined as of 12/13/2019 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $33,055.92
Price/Earnings 19.90
Price/Book 2.24
As of 12/13/2019
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Royal Gold, Inc. RGLD Materials  Materials Mid-Cap Growth 2.85%
 Kansas City Southern KSU Industrials  Industrials Mid-Cap Value 2.67%
 AutoZone, Inc. AZO Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.61%
 L3Harris Technologies Inc. LHX Industrials  Industrials Large-Cap Value 2.54%
 Dollar General Corporation DG Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.50%
 Ross Stores, Inc. ROST Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.44%
 Masonite International Corporation DOOR Industrials  Industrials Small-Cap Growth 2.41%
 TTEC Holdings, Inc. TTEC Information Technology  Information Technology Small-Cap Growth 2.38%
 Burlington Stores, Inc. BURL Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.38%
 AGCO Corporation AGCO Industrials  Industrials Mid-Cap Value 2.33%
 ICF International, Inc. ICFI Industrials  Industrials Small-Cap Growth 2.30%
 The TJX Companies, Inc. TJX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.29%
 Mellanox Technologies, Ltd. MLNX Information Technology  Information Technology Mid-Cap Growth 2.28%
 Ciena Corporation CIEN Information Technology  Information Technology Mid-Cap Value 2.27%
 Willis Towers Watson Plc WLTW Financials  Financials Large-Cap Value 2.25%
 Sysco Corporation SYY Consumer Staples  Consumer Staples Large-Cap Growth 2.23%
 US Foods Holding Corp. USFD Consumer Staples  Consumer Staples Mid-Cap Value 2.23%
 Gaming and Leisure Properties, Inc. GLPI Real Estate  Real Estate Mid-Cap Growth 2.20%
 Casey's General Stores, Inc. CASY Consumer Staples  Consumer Staples Mid-Cap Growth 2.16%
 Crown Castle International Corp. CCI Real Estate  Real Estate Large-Cap Growth 2.15%
 Nasdaq, Inc. NDAQ Financials  Financials Mid-Cap Value 2.13%
 Darling Ingredients Inc. DAR Consumer Staples  Consumer Staples Mid-Cap Value 2.05%
 Heritage-Crystal Clean, Inc. HCCI Industrials  Industrials Small-Cap Growth 2.05%
 Post Holdings, Inc. POST Consumer Staples  Consumer Staples Mid-Cap Value 2.02%
 Truist Financial Corp. TFC Financials  Financials Large-Cap Value 1.97%
 Sonoco Products Company SON Materials  Materials Mid-Cap Growth 1.94%
 Popular, Inc. BPOP Financials  Financials Mid-Cap Value 1.93%
 The Travelers Companies, Inc. TRV Financials  Financials Large-Cap Value 1.91%
 Huntington Bancshares Incorporated HBAN Financials  Financials Mid-Cap Value 1.89%
 Verizon Communications Inc. VZ Communication Services  Communication Services Large-Cap Value 1.84%
 Triumph Bancorp, Inc. TBK Financials  Financials Small-Cap Value 1.81%
 Hormel Foods Corporation HRL Consumer Staples  Consumer Staples Large-Cap Value 1.80%
 Anthem, Inc. ANTM Health Care  Health Care Large-Cap Value 1.80%
 Delta Air Lines, Inc. DAL Industrials  Industrials Large-Cap Value 1.76%
 Southwest Gas Holdings, Inc. SWX Utilities  Utilities Mid-Cap Value 1.75%
 Granite Point Mortgage Trust Inc. GPMT Financials  Financials Small-Cap Value 1.75%
 Associated Banc-Corp ASB Financials  Financials Small-Cap Value 1.74%
 Prosperity Bancshares, Inc. PB Financials  Financials Mid-Cap Value 1.74%
 Mobile Mini, Inc. MINI Industrials  Industrials Small-Cap Value 1.73%
 Total S.A. (ADR) TOT Energy  Energy Large-Cap Value 1.71%
 Oxford Industries, Inc. OXM Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.70%
 Royal Dutch Shell Plc (Class B) (ADR) RDS/B Energy  Energy Large-Cap Value 1.66%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 1.61%
 Alaska Air Group, Inc. ALK Industrials  Industrials Mid-Cap Value 1.61%
 Marathon Petroleum Corporation MPC Energy  Energy Large-Cap Value 1.61%
 Dine Brands Global, Inc. DIN Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.60%
 NetScout Systems, Inc. NTCT Information Technology  Information Technology Small-Cap Value 1.60%
 HollyFrontier Corporation HFC Energy  Energy Mid-Cap Value 1.48%
 ViacomCBS Inc. VIAC Communication Services  Communication Services Large-Cap Value 1.30%
 The Mosaic Company MOS Materials  Materials Mid-Cap Value 0.96%
 
Total Number of Holdings:    50
Underlying Securities information represented above is as of 12/13/2019 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.

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.

Term Risk - 15 months. Although this unit investment trust terminates in approximately 15 months, 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.

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 cybersecurity.

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, 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.
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