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Sabrient Defensive Equity, 21  Ticker: FBWJRX
 
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: SBDF21
Portfolio Status: Secondary
Initial Offer Date: 08/21/2019
Secondary Date: 11/19/2019
Portfolio Ending Date: 11/23/2020
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $8.6163
POP(*): $8.7342
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 07/02/2020 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 7/2/2020) Per Unit (as of 7/2/2020)
1.40% $0.12270
^ 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. Due to the negative economic impact across many industries caused by the recent COVID-19 outbreak, certain issuers of the securities included in the trust may elect to reduce the amount of dividends and/or distributions paid in the future. As a result, the "Historical 12-Month Distribution Rate of Trust Holdings," which is based on the trailing twelve-month distributions paid by the securities included in a trust, will likely be higher, and in some cases significantly higher, than the actual distribution rate achieved by the trust. 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. 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. 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.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 2.91%
Consumer Discretionary  Consumer Discretionary 20.71%
Consumer Staples  Consumer Staples 16.61%
Energy  Energy 0.89%
Financials  Financials 13.74%
Health Care  Health Care 12.18%
Industrials  Industrials 11.59%
Information Technology  Information Technology 2.83%
Materials  Materials 9.40%
Real Estate  Real Estate 0.00%
Utilities  Utilities 8.99%
Other  Other 0.15%
 
  Large Mid Small  
Growth  9.58% 4.85% 18.78%  
Value  24.15% 29.19% 13.30%  

 Style Weighting
Large-Cap Growth 9.58%
Large-Cap Value 24.15%
Mid-Cap Growth 4.85%
Mid-Cap Value 29.19%
Small-Cap Growth 18.78%
Small-Cap Value 13.30%
Undetermined 0.15%
 Composition
U.S. Stocks 85.24%   Other 0.15%
Non-U.S. Stocks 14.61%      
The style and sector characteristics of the portfolio are determined as of 07/02/2020 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $28,972.15
Price/Earnings 16.29
Price/Book 1.83
As of 7/2/2020
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Winnebago Industries, Inc. WGO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 4.44%
 Newmont Corporation NEM Materials  Materials Large-Cap Value 3.54%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 3.36%
 Legg Mason, Inc. LM Financials  Financials Mid-Cap Value 3.05%
 Southern Copper Corporation SCCO Materials  Materials Large-Cap Value 2.90%
 NICE Ltd. (ADR) NICE Information Technology  Information Technology Mid-Cap Growth 2.83%
 Kansas City Southern KSU Industrials  Industrials Mid-Cap Value 2.69%
 Cigna Corporation CI Health Care  Health Care Large-Cap Value 2.61%
 Meritage Homes Corporation MTH Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.59%
 General Mills, Inc. GIS Consumer Staples  Consumer Staples Large-Cap Value 2.53%
 Gibraltar Industries, Inc. ROCK Industrials  Industrials Small-Cap Growth 2.50%
 Century Communities, Inc. CCS Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.37%
 Willis Towers Watson Plc WLTW Financials  Financials Large-Cap Value 2.31%
 Keurig Dr Pepper Inc. KDP Consumer Staples  Consumer Staples Large-Cap Value 2.29%
 Anthem, Inc. ANTM Health Care  Health Care Large-Cap Value 2.27%
 Texas Roadhouse, Inc. TXRH Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.27%
 Church & Dwight Co., Inc. CHD Consumer Staples  Consumer Staples Large-Cap Growth 2.25%
 Verizon Communications Inc. VZ Communication Services  Communication Services Large-Cap Value 2.18%
 Merck & Co., Inc. MRK Health Care  Health Care Large-Cap Growth 2.06%
 The J.M. Smucker Company SJM Consumer Staples  Consumer Staples Mid-Cap Value 2.06%
 The Allstate Corporation ALL Financials  Financials Large-Cap Value 2.03%
 RenaissanceRe Holdings Ltd. RNR Financials  Financials Mid-Cap Value 2.02%
 Planet Fitness, Inc. (Class A) PLNT Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.02%
 National Fuel Gas Company NFG Utilities  Utilities Small-Cap Value 1.97%
 Avangrid, Inc. AGR Utilities  Utilities Mid-Cap Value 1.97%
 TreeHouse Foods, Inc. THS Consumer Staples  Consumer Staples Small-Cap Value 1.92%
 Ross Stores, Inc. ROST Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.91%
 Asbury Automotive Group, Inc. ABG Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.90%
 DENTSPLY SIRONA Inc. XRAY Health Care  Health Care Mid-Cap Value 1.88%
 Carlisle Companies Incorporated CSL Industrials  Industrials Mid-Cap Value 1.82%
 PNM Resources, Inc. PNM Utilities  Utilities Small-Cap Growth 1.75%
 Coca-Cola FEMSA, S.A.B. de C.V. (ADR) KOF Consumer Staples  Consumer Staples Mid-Cap Value 1.72%
 Portland General Electric Company POR Utilities  Utilities Mid-Cap Value 1.70%
 Monro, Inc. MNRO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.63%
 OGE Energy Corp. OGE Utilities  Utilities Mid-Cap Value 1.60%
 Aaron's, Inc. AAN Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.58%
 Fidelity National Financial, Inc. FNF Financials  Financials Mid-Cap Value 1.54%
 Koppers Holdings Inc. KOP Materials  Materials Small-Cap Growth 1.50%
 Tyson Foods, Inc. (Class A) TSN Consumer Staples  Consumer Staples Large-Cap Value 1.49%
 Pretium Resources Inc. PVG Materials  Materials Small-Cap Value 1.46%
 Ally Financial Inc. ALLY Financials  Financials Mid-Cap Value 1.42%
 Axis Capital Holdings Limited AXS Financials  Financials Small-Cap Value 1.37%
 Alaska Air Group, Inc. ALK Industrials  Industrials Mid-Cap Value 1.36%
 Pilgrim's Pride Corporation PPC Consumer Staples  Consumer Staples Mid-Cap Value 1.23%
 Hexcel Corporation HXL Industrials  Industrials Small-Cap Growth 1.21%
 US Foods Holding Corp. USFD Consumer Staples  Consumer Staples Mid-Cap Value 1.12%
 Delta Air Lines, Inc. DAL Industrials  Industrials Mid-Cap Value 1.09%
 United Airlines Holdings, Inc. UAL Industrials  Industrials Mid-Cap Value 0.92%
 Par Pacific Holdings, Inc. PARR Energy  Energy Small-Cap Value 0.89%
 Cinemark Holdings, Inc. CNK Communication Services  Communication Services Small-Cap Value 0.73%
 
Total Number of Holdings:    50
Underlying Securities information represented above is as of 07/02/2020 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.

COVID-19 Economic Impact Risk. The recent outbreak of a respiratory disease designated as COVID-19 was first detected in China in December 2019. The global economic impact of the COVID-19 outbreak is impossible to predict but is expected to disrupt manufacturing, supply chains and sales in affected areas and negatively impact global economic growth prospects. The COVID-19 outbreak has also caused significant volatility and declines in global financial markets, which have caused losses for investors. The impact of the COVID-19 outbreak may be short term or may last for an extended period of time, and in either case could result in a substantial economic downturn or recession.

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 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 professional 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
30311H145 (Cash)
30311H152 (Reinvest)
30311H160 (Cash-Fee)
30311H178 (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 professionals 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. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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