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Sabrient Small Cap Growth, 41  Ticker: FWDTSX
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.
Product Code: SBSC41
Portfolio Status: Primary
Initial Offer Date: 02/01/2024
Portfolio Ending Date: 05/01/2025
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
Initial Offer Price: $10.0000
NAV(*): $10.4197
POP(*): $10.5651
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 04/22/2024 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 4/22/2024) Per Unit (as of 4/22/2024)
0.52% $0.05470
^ 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 4.21%
Consumer Discretionary  Consumer Discretionary 17.44%
Consumer Staples  Consumer Staples 2.33%
Energy  Energy 16.16%
Financials  Financials 8.96%
Health Care  Health Care 8.41%
Industrials  Industrials 11.36%
Information Technology  Information Technology 19.75%
Materials  Materials 11.21%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.17%
  Large Mid Small  
Growth  0.00% 0.00% 65.65%  
Value  0.00% 2.64% 31.54%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 0.00%
Mid-Cap Value 2.64%
Small-Cap Growth 65.65%
Small-Cap Value 31.54%
Undetermined 0.17%
U.S. Stocks 85.67%   Other 0.17%
Non-U.S. Stocks 14.16%      
The style and sector characteristics of the portfolio are determined as of 04/22/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $2,285
Price/Earnings 15.82
Price/Book 2.03
As of 4/22/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
 Everbridge, Inc. EVBG Information Technology  Information Technology Small-Cap Growth 3.26%
 AdaptHealth Corp. AHCO Health Care  Health Care Small-Cap Value 2.77%
 Vista Energy, S.A.B. de C.V. VIST Energy  Energy Small-Cap Growth 2.77%
 WisdomTree, Inc. WT Financials  Financials Small-Cap Growth 2.76%
 Carpenter Technology Corporation CRS Materials  Materials Small-Cap Growth 2.65%
 Kirby Corporation KEX Industrials  Industrials Mid-Cap Value 2.64%
 Bandwidth Inc. (Class A) BAND Communication Services  Communication Services Small-Cap Value 2.64%
 Celestica Inc. CLS Information Technology  Information Technology Small-Cap Growth 2.61%
 Granite Construction Incorporated GVA Industrials  Industrials Small-Cap Growth 2.49%
 Arlo Technologies, Inc. ARLO Information Technology  Information Technology Small-Cap Growth 2.49%
 Pegasystems Inc. PEGA Information Technology  Information Technology Small-Cap Growth 2.48%
 Skyward Specialty Insurance Group, Inc. SKWD Financials  Financials Small-Cap Growth 2.46%
 Helix Energy Solutions Group, Inc. HLX Energy  Energy Small-Cap Value 2.41%
 Caleres, Inc. CAL Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.39%
 Xponential Fitness, Inc. (Class A) XPOF Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.39%
 Halozyme Therapeutics, Inc. HALO Health Care  Health Care Small-Cap Growth 2.38%
 Constellium SE (Class A) CSTM Materials  Materials Small-Cap Growth 2.35%
 The Andersons, Inc. ANDE Consumer Staples  Consumer Staples Small-Cap Value 2.33%
 Vitesse Energy, Inc. VTS Energy  Energy Small-Cap Value 2.28%
 Oceaneering International, Inc. OII Energy  Energy Small-Cap Growth 2.27%
 Dorman Products, Inc. DORM Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.27%
 Dorian LPG Ltd. LPG Energy  Energy Small-Cap Value 2.27%
 Expro Group Holdings NV XPRO Energy  Energy Small-Cap Value 2.26%
 Haynes International, Inc. HAYN Materials  Materials Small-Cap Value 2.24%
 Ecovyst Inc. ECVT Materials  Materials Small-Cap Value 2.24%
 Trinity Industries, Inc. TRN Industrials  Industrials Small-Cap Growth 2.19%
 Jamf Holding Corp. JAMF Information Technology  Information Technology Small-Cap Growth 2.16%
 Urban Outfitters, Inc. URBN Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.12%
 Ollie's Bargain Outlet Holdings, Inc. OLLI Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.12%
 Green Brick Partners, Inc. GRBK Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.10%
 The Cheesecake Factory Incorporated CAKE Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.09%
 Franklin Covey Co. FC Industrials  Industrials Small-Cap Growth 2.07%
 Verint Systems Inc. VRNT Information Technology  Information Technology Small-Cap Growth 2.05%
 CNO Financial Group, Inc. CNO Financials  Financials Small-Cap Value 2.03%
 Blackbaud, Inc. BLKB Information Technology  Information Technology Small-Cap Growth 2.01%
 EnerSys ENS Industrials  Industrials Small-Cap Growth 1.97%
 Visteon Corporation VC Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.96%
 North American Construction Group Ltd. NOA Energy  Energy Small-Cap Growth 1.90%
 Ramaco Resources, Inc. (Class A) METC Materials  Materials Small-Cap Growth 1.73%
 Primis Financial Corp. FRST Financials  Financials Small-Cap Value 1.71%
 Rapid7, Inc. RPD Information Technology  Information Technology Small-Cap Growth 1.69%
 Pacira BioSciences, Inc. PCRX Health Care  Health Care Small-Cap Value 1.67%
 CONMED Corporation CNMD Health Care  Health Care Small-Cap Growth 1.59%
 Bumble Inc. (Class A) BMBL Communication Services  Communication Services Small-Cap Value 1.57%
 Cerence Inc. CRNC Information Technology  Information Technology Small-Cap Value 1.00%
Total Number of Holdings:    45
Underlying Securities information represented above is as of 04/22/2024 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.10%
  Deferred:  1.28%
C&D Fee:    0.47%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30334Q445 Cash Semi-Annual
30334Q452 Reinvest Semi-Annual
* Based on the offer price as of 04/22/2024 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.48%
Maximum Sales Charge:   0.48%
CUSIP Type Distribution
30334Q460 Cash-Fee Semi-Annual
30334Q478 Reinvest-Fee Semi-Annual
* Based on the NAV price as of 04/22/2024 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
$0.04500 May 20, 2024
$0.04500 June 20, 2024
$0.04500 July 19, 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.

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.

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. 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.

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.

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
30334Q445 (Cash)
30334Q452 (Reinvest)
30334Q460 (Cash-Fee)
30334Q478 (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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