Sabrient Small Cap Growth, 37  Ticker: FIQUKX
 
Description
This unit investment trust seeks above-average capital appreciation by investing in top-ranked small-cap stocks (at the time of their selection) that Sabrient believes are positioned to perform well in the coming year.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: SBSC37
Portfolio Status: Secondary
Initial Offer Date: 02/10/2023
Secondary Date: 05/08/2023
Portfolio Ending Date: 05/10/2024
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $8.3807
POP(*): $8.4954
Remaining Deferred Sales Charge: $0.0900
* As of Trade Date: 06/05/2023 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 6/5/2023) Per Unit (as of 6/2/2023)
1.25% $0.10590
^ 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. 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.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 1.76%
Consumer Discretionary  Consumer Discretionary 14.34%
Consumer Staples  Consumer Staples 5.37%
Energy  Energy 14.51%
Financials  Financials 19.26%
Health Care  Health Care 15.07%
Industrials  Industrials 14.71%
Information Technology  Information Technology 9.52%
Materials  Materials 5.12%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.34%
 
  Large Mid Small  
Growth  0.00% 4.14% 53.41%  
Value  0.00% 0.00% 42.11%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 4.14%
Mid-Cap Value 0.00%
Small-Cap Growth 53.41%
Small-Cap Value 42.11%
Undetermined 0.34%
 Composition
U.S. Stocks 82.12%   Other 0.34%
Non-U.S. Stocks 17.54%      
The style and sector characteristics of the portfolio are determined as of 06/02/2023 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Lantheus Holdings, Inc. LNTH Health Care  Health Care Mid-Cap Growth 4.14%
 Certara, Inc. CERT Health Care  Health Care Small-Cap Growth 3.25%
 Copa Holdings, S.A. CPA Industrials  Industrials Small-Cap Growth 3.22%
 Array Technologies, Inc. ARRY Industrials  Industrials Small-Cap Growth 3.21%
 Extreme Networks, Inc. EXTR Information Technology  Information Technology Small-Cap Growth 3.12%
 U.S. Silica Holdings, Inc. SLCA Energy  Energy Small-Cap Value 3.00%
 Arcos Dorados Holdings Inc. (Class A) ARCO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.99%
 Palomar Holdings, Inc. PLMR Financials  Financials Small-Cap Growth 2.98%
 Calavo Growers, Inc. CVGW Consumer Staples  Consumer Staples Small-Cap Growth 2.92%
 Select Medical Holdings Corporation SEM Health Care  Health Care Small-Cap Growth 2.78%
 Celestica Inc. CLS Information Technology  Information Technology Small-Cap Value 2.72%
 Pacira BioSciences, Inc. PCRX Health Care  Health Care Small-Cap Growth 2.67%
 Ecovyst Inc. ECVT Materials  Materials Small-Cap Growth 2.64%
 NexTier Oilfield Solutions Inc. NEX Energy  Energy Small-Cap Growth 2.62%
 Hudbay Minerals Inc. HBM Materials  Materials Small-Cap Value 2.48%
 Cal-Maine Foods, Inc. CALM Consumer Staples  Consumer Staples Small-Cap Value 2.45%
 Oxford Industries, Inc. OXM Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.43%
 The Cheesecake Factory Incorporated CAKE Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.39%
 Carter Bankshares, Inc. CARE Financials  Financials Small-Cap Value 2.39%
 Scorpio Tankers Inc. STNG Energy  Energy Small-Cap Value 2.33%
 Trinity Industries, Inc. TRN Industrials  Industrials Small-Cap Value 2.32%
 Oceaneering International, Inc. OII Energy  Energy Small-Cap Growth 2.29%
 Adient Plc ADNT Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.26%
 Collegium Pharmaceutical, Inc. COLL Health Care  Health Care Small-Cap Growth 2.23%
 KKR Real Estate Finance Trust Inc. KREF Financials  Financials Small-Cap Value 2.23%
 ProPetro Holding Corp. PUMP Energy  Energy Small-Cap Value 2.20%
 American Axle & Manufacturing Holdings, Inc. AXL Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.18%
 H&E Equipment Services, Inc. HEES Industrials  Industrials Small-Cap Growth 2.17%
 Everbridge, Inc. EVBG Information Technology  Information Technology Small-Cap Growth 2.14%
 Dave & Buster's Entertainment, Inc. PLAY Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.09%
 Talos Energy Inc. TALO Energy  Energy Small-Cap Value 2.07%
 Brighthouse Financial, Inc. BHF Financials  Financials Small-Cap Value 2.06%
 WSFS Financial Corporation WSFS Financials  Financials Small-Cap Value 2.01%
 TriCo Bancshares TCBK Financials  Financials Small-Cap Value 1.99%
 MRC Global Inc. MRC Industrials  Industrials Small-Cap Growth 1.97%
 Preferred Bank PFBC Financials  Financials Small-Cap Value 1.94%
 Amerant Bancorp Inc. AMTB Financials  Financials Small-Cap Value 1.84%
 Heritage Commerce Corp HTBK Financials  Financials Small-Cap Value 1.82%
 Aris Water Solution, Inc. (Class A) ARIS Industrials  Industrials Small-Cap Value 1.82%
 TripAdvisor, Inc. TRIP Communication Services  Communication Services Small-Cap Growth 1.76%
 Endava Plc (ADR) DAVA Information Technology  Information Technology Small-Cap Growth 1.54%
 
Total Number of Holdings:    41
Underlying Securities information represented above is as of 06/02/2023 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 May 19, 2023
$0.04500 June 20, 2023
$0.04500 July 20, 2023

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.

COVID-19 Economic Impact Risk. The ongoing effects of the COVID-19 global pandemic, or the potential impacts of any future public health crisis, may cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future variants of the disease.

Foreign Securities Risk. Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers.

Market Disruption Risk. In February 2022, Russia invaded Ukraine which has caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, and the United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain investments as well as performance.

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 Risk. An investment in a portfolio containing small-cap companies is subject to additional risks, as the share prices of small-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.

Technology Risk. The companies engaged in the information technology sector are subject to fierce competition, high research and development costs, and their products and services may be subject to rapid obsolescence. Technology company stocks, especially those which are Internet-related, may experience extreme price and volume fluctuations that are often unrelated to their operating performance.

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.

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