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Sabrient Dividend, 46  Ticker: FNFSSX
 
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: SBDV46
Portfolio Status: Primary
Initial Offer Date: 11/29/2023
Portfolio Ending Date: 12/01/2025
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.4528
POP(*): $10.6970
Remaining Deferred Sales Charge: $0.2250
* As of Trade Date: 02/23/2024 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 2/23/2024) Per Unit (as of 2/23/2024)
4.49% $0.48010
^ 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 3.81%
Consumer Discretionary  Consumer Discretionary 12.74%
Consumer Staples  Consumer Staples 3.76%
Energy  Energy 15.36%
Financials  Financials 28.49%
Health Care  Health Care 6.22%
Industrials  Industrials 4.16%
Information Technology  Information Technology 4.03%
Materials  Materials 4.14%
Real Estate  Real Estate 9.53%
Utilities  Utilities 7.35%
Other  Other 0.41%
 
  Large Mid Small  
Growth  12.62% 4.15% 7.86%  
Value  30.07% 23.41% 21.48%  

 Style Weighting
Large-Cap Growth 12.62%
Large-Cap Value 30.07%
Mid-Cap Growth 4.15%
Mid-Cap Value 23.41%
Small-Cap Growth 7.86%
Small-Cap Value 21.48%
Undetermined 0.41%
 Composition
U.S. Stocks 89.73%   Other 0.41%
Non-U.S. Stocks 9.86%      
The style and sector characteristics of the portfolio are determined as of 02/23/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $47,887
Price/Earnings 15.93
Price/Book 1.74
As of 2/23/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 M.D.C. Holdings, Inc. MDC Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.65%
 Merck & Co., Inc. MRK Health Care  Health Care Large-Cap Growth 2.43%
 Manulife Financial Corporation MFC Financials  Financials Large-Cap Value 2.34%
 Simon Property Group, Inc. SPG Real Estate  Real Estate Large-Cap Growth 2.27%
 The Travelers Companies, Inc. TRV Financials  Financials Large-Cap Value 2.27%
 Huntington Ingalls Industries, Inc. HII Industrials  Industrials Mid-Cap Value 2.27%
 International Business Machines Corporation IBM Information Technology  Information Technology Large-Cap Growth 2.25%
 Levi Strauss & Co. (Class A) LEVI Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.21%
 The Goldman Sachs Group, Inc. GS Financials  Financials Large-Cap Value 2.13%
 Southern Copper Corporation SCCO Materials  Materials Large-Cap Growth 2.13%
 Diamondback Energy, Inc. FANG Energy  Energy Large-Cap Value 2.13%
 Lincoln National Corporation LNC Financials  Financials Small-Cap Growth 2.12%
 OneMain Holdings, Inc. OMF Financials  Financials Mid-Cap Value 2.11%
 Morgan Stanley MS Financials  Financials Large-Cap Value 2.09%
 Fidelity National Financial, Inc. FNF Financials  Financials Mid-Cap Value 2.09%
 Horace Mann Educators Corporation HMN Financials  Financials Small-Cap Value 2.07%
 MetLife, Inc. MET Financials  Financials Large-Cap Value 2.06%
 LCI Industries LCII Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.06%
 Monro, Inc. MNRO Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.02%
 Hasbro, Inc. HAS Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.01%
 Dow Inc. DOW Materials  Materials Large-Cap Value 2.01%
 DHT Holdings, Inc. DHT Energy  Energy Small-Cap Value 2.00%
 CNA Financial Corporation CNA Financials  Financials Mid-Cap Value 1.99%
 Bristol-Myers Squibb Company BMY Health Care  Health Care Large-Cap Value 1.97%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 1.96%
 MFA Financial, Inc. MFA Financials  Financials Small-Cap Value 1.95%
 Ovintiv Inc. OVV Energy  Energy Mid-Cap Value 1.95%
 The Clorox Company CLX Consumer Staples  Consumer Staples Mid-Cap Growth 1.94%
 AT&T Inc. T Communication Services  Communication Services Large-Cap Value 1.93%
 Apollo Commercial Real Estate Finance, Inc. ARI Financials  Financials Small-Cap Value 1.91%
 Trinity Industries, Inc. TRN Industrials  Industrials Small-Cap Growth 1.89%
 TELUS Corporation TU Communication Services  Communication Services Large-Cap Value 1.88%
 Avangrid, Inc. AGR Utilities  Utilities Mid-Cap Value 1.88%
 Gaming and Leisure Properties, Inc. GLPI Real Estate  Real Estate Mid-Cap Value 1.87%
 Canadian Natural Resources Limited CNQ Energy  Energy Large-Cap Value 1.86%
 Community Healthcare Trust Incorporated CHCT Real Estate  Real Estate Small-Cap Value 1.86%
 Portland General Electric Company POR Utilities  Utilities Small-Cap Value 1.85%
 Avista Corporation AVA Utilities  Utilities Small-Cap Value 1.84%
 Chord Energy Corporation CHRD Energy  Energy Mid-Cap Value 1.84%
 Altria Group, Inc. MO Consumer Staples  Consumer Staples Large-Cap Growth 1.82%
 ConocoPhillips COP Energy  Energy Large-Cap Value 1.82%
 Gilead Sciences, Inc. GILD Health Care  Health Care Large-Cap Value 1.82%
 Healthpeak Properties Inc. PEAK Real Estate  Real Estate Mid-Cap Value 1.81%
 First American Financial Corporation FAF Financials  Financials Mid-Cap Value 1.81%
 Devon Energy Corporation DVN Energy  Energy Large-Cap Value 1.80%
 The Wendy's Company WEN Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.79%
 Open Text Corporation OTEX Information Technology  Information Technology Mid-Cap Value 1.78%
 NorthWestern Corporation NWE Utilities  Utilities Small-Cap Value 1.78%
 American Tower Corporation AMT Real Estate  Real Estate Large-Cap Growth 1.72%
 Columbia Banking System, Inc. COLB Financials  Financials Small-Cap Value 1.55%
 
Total Number of Holdings:    50
Underlying Securities information represented above is as of 02/23/2024 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.18%
  Deferred:  2.10%
C&D Fee:    0.47%
Maximum Sales Charge:   2.75%
CUSIP Type Distribution
30333J442 Cash Monthly
30333J459 Reinvest Monthly
* Based on the offer price as of 02/23/2024 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.48%
Maximum Sales Charge:   0.48%
CUSIP Type Distribution
30333J467 Cash-Fee Monthly
30333J475 Reinvest-Fee Monthly
* Based on the NAV price as of 02/23/2024 4:00pm ET
In addition to the sales charges listed, UITs for both brokerage and advisory accounts are subject to annual operating expenses and organization costs. See the prospectus for additional information.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 March 20, 2024
$0.07500 April 19, 2024
$0.07500 May 20, 2024

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.

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.

Energy Risk. The companies engaged in the energy sector are subject to certain risks, including price and supply fluctuations caused by international politics, energy conservation, taxes, price controls, and other regulatory policies of various governments. Falling oil and gas prices may negatively impact the profitability and business prospects of certain energy companies.

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.

Large-Cap Risk. Large capitalization companies may grow at a slower rate than the overall market.

Market Disruption Risk. Ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, have caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, the Middle East 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 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.

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.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30333J442 (Cash)
30333J459 (Reinvest)
30333J467 (Cash-Fee)
30333J475 (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.
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First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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