Sabrient Dividend, 27  Ticker: FPJYRX
 
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: SBDV27
Portfolio Status: Secondary
Initial Offer Date: 04/15/2019
Secondary Date: 07/12/2019
Portfolio Ending Date: 04/15/2021
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.4717
POP(*): $9.6897
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 10/23/2019 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 (as of 10/23/2019) Per Unit (as of 10/21/2019)
3.76% $0.36480
^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 and historical 12-month distribution rate 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 distribution rate is calculated by dividing the historical 12-month distributions by the trust's offering price. The historical 12-month distribution and rate 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 rate is calculated using only 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 and rate 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 5.85%
Consumer Discretionary  Consumer Discretionary 15.38%
Consumer Staples  Consumer Staples 1.92%
Energy  Energy 14.93%
Financials  Financials 31.82%
Health Care  Health Care 4.43%
Industrials  Industrials 12.87%
Information Technology  Information Technology 1.87%
Materials  Materials 10.83%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.10%
 
  Large Mid Small  
Growth  17.01% 13.35% 4.42%  
Value  17.96% 21.35% 25.81%  

 Style Weighting
Large-Cap Growth 17.01%
Large-Cap Value 17.96%
Mid-Cap Growth 13.35%
Mid-Cap Value 21.35%
Small-Cap Growth 4.42%
Small-Cap Value 25.81%
Undetermined 0.10%
 Composition
U.S. Stocks 87.19%   Other 0.10%
Non-U.S. Stocks 12.71%      
The style and sector characteristics of the portfolio are determined as of 10/22/2019 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $27,558.18
Weighted Average Price/Earnings 13.49
Weighted Average Price/Book 1.57
As of 10/22/2019
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Target Corporation TGT Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.88%
 Watsco, Inc. WSO Industrials  Industrials Mid-Cap Growth 2.52%
 Bristol-Myers Squibb Company BMY Health Care  Health Care Large-Cap Growth 2.45%
 Ares Management Corporation (Class A) ARES Financials  Financials Mid-Cap Growth 2.40%
 Steelcase Inc. SCS Industrials  Industrials Small-Cap Growth 2.36%
 Valley National Bancorp VLY Financials  Financials Mid-Cap Value 2.30%
 New York Community Bancorp, Inc. NYCB Financials  Financials Mid-Cap Value 2.25%
 CF Industries Holdings, Inc. CF Materials  Materials Mid-Cap Growth 2.23%
 BB&T Corporation BBT Financials  Financials Large-Cap Value 2.22%
 Wyndham Destinations, Inc. WYND Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.21%
 KeyCorp KEY Financials  Financials Mid-Cap Value 2.19%
 Commercial Metals Company CMC Materials  Materials Small-Cap Value 2.19%
 Hercules Capital, Inc. HTGC Financials  Financials Small-Cap Value 2.19%
 Cummins Inc. CMI Industrials  Industrials Large-Cap Value 2.18%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 2.17%
 F.N.B. Corporation FNB Financials  Financials Mid-Cap Value 2.16%
 Mercury General Corporation MCY Financials  Financials Small-Cap Value 2.16%
 Huntington Bancshares Incorporated HBAN Financials  Financials Mid-Cap Value 2.15%
 Manulife Financial Corporation MFC Financials  Financials Large-Cap Value 2.11%
 MFA Financial, Inc. MFA Financials  Financials Small-Cap Value 2.10%
 Kinder Morgan, Inc. KMI Energy  Energy Large-Cap Value 2.09%
 United Parcel Service, Inc. (Class B) UPS Industrials  Industrials Large-Cap Growth 2.06%
 Cogent Communications Holdings, Inc. CCOI Communication Services  Communication Services Small-Cap Growth 2.06%
 ONEOK, Inc. OKE Energy  Energy Large-Cap Growth 2.04%
 The Interpublic Group of Companies, Inc. IPG Communication Services  Communication Services Mid-Cap Growth 2.01%
 Granite Point Mortgage Trust Inc. GPMT Financials  Financials Small-Cap Value 1.99%
 Autoliv, Inc. ALV Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.98%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 1.98%
 Archrock, Inc. AROC Energy  Energy Small-Cap Value 1.93%
 Philip Morris International Inc. PM Consumer Staples  Consumer Staples Large-Cap Growth 1.92%
 Delta Air Lines, Inc. DAL Industrials  Industrials Large-Cap Value 1.91%
 PacWest Bancorp PACW Financials  Financials Mid-Cap Value 1.90%
 Broadcom Inc. AVGO Information Technology  Information Technology Large-Cap Growth 1.87%
 Umpqua Holdings Corporation UMPQ Financials  Financials Small-Cap Value 1.86%
 MSC Industrial Direct Co., Inc. (Class A) MSM Industrials  Industrials Mid-Cap Value 1.84%
 Prudential Financial, Inc. PRU Financials  Financials Large-Cap Value 1.84%
 GasLog Partners LP GLOP Energy  Energy Small-Cap Value 1.84%
 Royal Dutch Shell Plc (Class B) (ADR) RDS/B Energy  Energy Large-Cap Value 1.83%
 Las Vegas Sands Corp. LVS Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.81%
 Eastman Chemical Company EMN Materials  Materials Mid-Cap Value 1.80%
 Cinemark Holdings, Inc. CNK Communication Services  Communication Services Mid-Cap Value 1.78%
 GasLog Ltd. GLOG Energy  Energy Small-Cap Value 1.71%
 Tapestry Inc. TPR Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.66%
 Mercer International Inc. MERC Materials  Materials Small-Cap Value 1.63%
 The Goodyear Tire & Rubber Company GT Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.62%
 Carnival Corporation CCL Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.61%
 Dana Inc. DAN Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.61%
 Olin Corporation OLN Materials  Materials Small-Cap Value 1.53%
 Domtar Corporation UFS Materials  Materials Small-Cap Value 1.45%
 Helmerich & Payne, Inc. HP Energy  Energy Mid-Cap Value 1.32%
 
Total Number of Holdings:    50
Underlying Securities information represented above is as of 10/22/2019 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.

Business Development Company Risk. Certain of the securities in the portfolio are issued by closed-end investment companies which have been elected to be treated as Business Development Companies (BDC). An investment in BDCs is subject to various risks, including management's ability to meet the BDC's investment objective, and to manage the BDC's portfolio during periods of market turmoil. BDCs may trade in the market at a discount to their net asset value. BDCs may employ the use of leverage which subjects the BDC to increased risks.

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.

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 cybersecurity.

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.