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Sabrient Small Cap Growth, 23  Ticker: FMLYGX
 
Description
This unit investment trust seeks above-average capital appreciation; however, there is no assurance the objective will be met.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: SBSC23
Portfolio Status: Primary
Initial Offer Date: 06/17/2019
Portfolio Ending Date: 09/17/2020
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $10.3022
POP(*): $10.4454
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 07/19/2019 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 7/19/2019) Per Unit (as of 7/15/2019)
0.82% $0.08520
^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 0.00%
Consumer Discretionary  Consumer Discretionary 8.88%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 11.40%
Financials  Financials 18.95%
Health Care  Health Care 6.63%
Industrials  Industrials 21.94%
Information Technology  Information Technology 12.19%
Materials  Materials 20.01%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.00%
 
  Large Mid Small  
Growth  0.00% 0.00% 57.99%  
Value  0.00% 2.23% 39.78%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 0.00%
Mid-Cap Value 2.23%
Small-Cap Growth 57.99%
Small-Cap Value 39.78%
Undetermined 0.00%
 Composition
U.S. Stocks 81.29%   Other 0.00%
Non-U.S. Stocks 18.71%      
The style and sector characteristics of the portfolio are determined as of 07/18/2019 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $1,496.66
Weighted Average Price/Earnings 15.09
Weighted Average Price/Book 2.05
As of 7/18/2019
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 OMNOVA Solutions Inc. OMN Materials  Materials Small-Cap Growth 3.83%
 Acacia Communications, Inc. ACIA Information Technology  Information Technology Small-Cap Growth 3.12%
 Pretium Resources Inc. PVG Materials  Materials Small-Cap Growth 2.60%
 Commercial Metals Company CMC Materials  Materials Small-Cap Value 2.58%
 Teekay LNG Partners L.P. TGP Energy  Energy Small-Cap Value 2.52%
 Par Pacific Holdings, Inc. PARR Energy  Energy Small-Cap Value 2.52%
 Mitek Systems, Inc. MITK Information Technology  Information Technology Small-Cap Growth 2.51%
 Arrowhead Pharmaceuticals, Inc. ARWR Health Care  Health Care Small-Cap Growth 2.46%
 Qudian Inc. (ADR) QD Financials  Financials Small-Cap Value 2.44%
 Costamare Inc. CMRE Industrials  Industrials Small-Cap Value 2.43%
 MaxLinear, Inc. (Class A) MXL Information Technology  Information Technology Small-Cap Growth 2.42%
 Archrock, Inc. AROC Energy  Energy Small-Cap Value 2.38%
 Mistras Group, Inc. MG Industrials  Industrials Small-Cap Value 2.35%
 Noodles & Company NDLS Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.35%
 CURO Group Holdings Corp. CURO Financials  Financials Small-Cap Growth 2.34%
 Ryerson Holding Corporation RYI Materials  Materials Small-Cap Growth 2.33%
 Foundation Building Materials, Inc. FBM Industrials  Industrials Small-Cap Growth 2.30%
 Constellium SE (Class A) CSTM Materials  Materials Small-Cap Growth 2.28%
 Strategic Education, Inc. STRA Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.23%
 Allegiant Travel Company ALGT Industrials  Industrials Small-Cap Growth 2.23%
 Kornit Digital Ltd. KRNT Industrials  Industrials Small-Cap Growth 2.22%
 Rent-A-Center, Inc. RCII Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.19%
 U.S. Concrete, Inc. USCR Materials  Materials Small-Cap Growth 2.19%
 Emergent BioSolutions Inc. EBS Health Care  Health Care Small-Cap Growth 2.18%
 GasLog Partners LP GLOP Energy  Energy Small-Cap Value 2.16%
 The Timken Company TKR Industrials  Industrials Small-Cap Growth 2.15%
 Veritex Holdings, Inc. VBTX Financials  Financials Small-Cap Value 2.13%
 Wesco Aircraft Holdings, Inc. WAIR Industrials  Industrials Small-Cap Value 2.12%
 Ameris Bancorp ABCB Financials  Financials Small-Cap Value 2.11%
 Compass Minerals International, Inc. CMP Materials  Materials Small-Cap Growth 2.11%
 Boyd Gaming Corporation BYD Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.11%
 MRC Global Inc. MRC Industrials  Industrials Small-Cap Value 2.11%
 Koppers Holdings Inc. KOP Materials  Materials Small-Cap Growth 2.09%
 GreenSky, Inc. (Class A) GSKY Information Technology  Information Technology Small-Cap Growth 2.08%
 Argo Group International Holdings, Ltd. ARGO Financials  Financials Small-Cap Value 2.06%
 Upland Software, Inc. UPLD Information Technology  Information Technology Small-Cap Growth 2.06%
 DXP Enterprises, Inc. DXPE Industrials  Industrials Small-Cap Value 2.03%
 NMI Holdings, Inc. (Class A) NMIH Financials  Financials Small-Cap Growth 2.03%
 Altra Industrial Motion Corp. AIMC Industrials  Industrials Small-Cap Value 2.00%
 National General Holdings Corp. NGHC Financials  Financials Small-Cap Value 2.00%
 Pacira BioSciences Inc. PCRX Health Care  Health Care Small-Cap Growth 1.99%
 Enova International, Inc. ENVA Financials  Financials Small-Cap Value 1.95%
 HomeStreet, Inc. HMST Financials  Financials Small-Cap Value 1.89%
 California Resources Corporation CRC Energy  Energy Small-Cap Growth 1.82%
 
Total Number of Holdings:    44
Underlying Securities information represented above is as of 07/18/2019 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.08%
  Deferred:  1.29%
C&D Fee:    0.48%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30309G828 Cash Semi-Annual
30309G836 Reinvest Semi-Annual
* Based on the offer price as of 07/19/2019 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.49%
Maximum Sales Charge:   0.49%
CUSIP Type Distribution
30309G844 Cash-Fee Semi-Annual
30309G851 Reinvest-Fee Semi-Annual
* Based on the NAV price as of 07/19/2019 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, 2019
$0.04500 October 18, 2019
$0.04500 November 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.

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.

Industrials Risk. The companies engaged in the industrials sector are subject to a deterioration in the general state of the economy, intense competition, domestic and international politics, excess capacity and changing spending trends.

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 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
30309G828 (Cash)
30309G836 (Reinvest)
30309G844 (Cash-Fee)
30309G851 (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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