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Sabrient Rising Rate, 12  Ticker: FEQZDX
 
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 rising Treasury yields. The stocks are selected for the trust by Sabrient Systems, LLC by applying a comprehensive investment strategy process.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: SBRR12
Portfolio Status: Primary
Initial Offer Date: 08/12/2019
Portfolio Ending Date: 08/12/2021
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $11.3506
POP(*): $11.6201
Remaining Deferred Sales Charge: $0.1500
* As of Trade Date: 12/06/2019 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 12/6/2019) Per Unit (as of 12/6/2019)
1.21% $0.14010
^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 2.53%
Consumer Discretionary  Consumer Discretionary 22.34%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 4.15%
Financials  Financials 24.11%
Health Care  Health Care 2.39%
Industrials  Industrials 19.88%
Information Technology  Information Technology 17.22%
Materials  Materials 7.18%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.20%
 
  Large Mid Small  
Growth  8.06% 10.53% 20.88%  
Value  21.63% 19.73% 18.97%  

 Style Weighting
Large-Cap Growth 8.06%
Large-Cap Value 21.63%
Mid-Cap Growth 10.53%
Mid-Cap Value 19.73%
Small-Cap Growth 20.88%
Small-Cap Value 18.97%
Undetermined 0.20%
 Composition
U.S. Stocks 93.82%   Other 0.20%
Non-U.S. Stocks 5.98%      
The style and sector characteristics of the portfolio are determined as of 12/06/2019 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $23,563.86
Price/Earnings 15.80
Price/Book 2.01
As of 12/6/2019
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 LKQ Corporation LKQ Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.69%
 Commercial Metals Company CMC Materials  Materials Small-Cap Value 2.61%
 Koppers Holdings Inc. KOP Materials  Materials Small-Cap Growth 2.56%
 Winnebago Industries, Inc. WGO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.53%
 QuinStreet, Inc. QNST Communication Services  Communication Services Small-Cap Growth 2.53%
 The Timken Company TKR Industrials  Industrials Mid-Cap Value 2.47%
 Virtus Investment Partners, Inc. VRTS Financials  Financials Small-Cap Value 2.44%
 Zebra Technologies Corporation ZBRA Information Technology  Information Technology Mid-Cap Growth 2.43%
 Ameriprise Financial, Inc. AMP Financials  Financials Large-Cap Value 2.42%
 Centene Corporation CNC Health Care  Health Care Large-Cap Value 2.39%
 AECOM ACM Industrials  Industrials Mid-Cap Value 2.38%
 Universal Electronics Inc. UEIC Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.36%
 Columbus McKinnon Corporation CMCO Industrials  Industrials Small-Cap Growth 2.33%
 XPO Logistics, Inc. XPO Industrials  Industrials Mid-Cap Value 2.33%
 WESCO International, Inc. WCC Industrials  Industrials Small-Cap Value 2.31%
 Boyd Gaming Corporation BYD Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.31%
 Meta Financial Group, Inc. CASH Financials  Financials Small-Cap Value 2.31%
 Morgan Stanley MS Financials  Financials Large-Cap Value 2.30%
 Raymond James Financial, Inc. RJF Financials  Financials Mid-Cap Value 2.28%
 Autodesk, Inc. ADSK Information Technology  Information Technology Large-Cap Growth 2.25%
 Lowe's Companies, Inc. LOW Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.25%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 2.25%
 CarMax, Inc. KMX Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.25%
 Citigroup Inc. C Financials  Financials Large-Cap Value 2.18%
 Fifth Third Bancorp FITB Financials  Financials Large-Cap Value 2.17%
 Fabrinet FN Information Technology  Information Technology Small-Cap Growth 2.15%
 Southwest Airlines Co. LUV Industrials  Industrials Large-Cap Value 2.14%
 MGM Resorts International MGM Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.14%
 Inphi Corporation IPHI Information Technology  Information Technology Small-Cap Growth 2.10%
 Prudential Financial, Inc. PRU Financials  Financials Large-Cap Value 2.08%
 Tempur Sealy International, Inc. TPX Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.07%
 The Toro Company TTC Industrials  Industrials Mid-Cap Growth 2.06%
 Alaska Air Group, Inc. ALK Industrials  Industrials Mid-Cap Value 2.04%
 Compass Minerals International, Inc. CMP Materials  Materials Small-Cap Growth 2.01%
 UMB Financial Corporation UMBF Financials  Financials Small-Cap Value 1.99%
 Legg Mason, Inc. LM Financials  Financials Small-Cap Value 1.99%
 Oracle Corporation ORCL Information Technology  Information Technology Large-Cap Growth 1.95%
 OFG Bancorp OFG Financials  Financials Small-Cap Value 1.95%
 Archrock, Inc. AROC Energy  Energy Small-Cap Value 1.90%
 Carnival Corporation CCL Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.88%
 Foot Locker, Inc. FL Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.86%
 Delta Air Lines, Inc. DAL Industrials  Industrials Large-Cap Value 1.82%
 Universal Display Corporation OLED Information Technology  Information Technology Mid-Cap Growth 1.72%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Growth 1.61%
 Ciena Corporation CIEN Information Technology  Information Technology Mid-Cap Value 1.54%
 II-VI Incorporated IIVI Information Technology  Information Technology Small-Cap Value 1.47%
 
Total Number of Holdings:    46
Underlying Securities information represented above is as of 12/06/2019 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  1.03%
  Deferred:  1.29%
C&D Fee:    0.43%
Maximum Sales Charge:   2.75%
CUSIP Type Distribution
30311E241 Cash Semi-Annual
30311E258 Reinvest Semi-Annual
* Based on the offer price as of 12/06/2019 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.44%
Maximum Sales Charge:   0.44%
CUSIP Type Distribution
30311E266 Cash-Fee Semi-Annual
30311E274 Reinvest-Fee Semi-Annual
* Based on the NAV price as of 12/06/2019 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
$0.07500 November 20, 2019
$0.07500 December 20, 2019
$0.07500 January 17, 2020

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.

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.

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
30311E241 (Cash)
30311E258 (Reinvest)
30311E266 (Cash-Fee)
30311E274 (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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