Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       

Sabrient Dividend, 42  Ticker: FRNWMX
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.
Product Code: SBDV42
Portfolio Status: Primary
Initial Offer Date: 12/09/2022
Portfolio Ending Date: 12/09/2024
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $10.0796
POP(*): $10.3132
Remaining Deferred Sales Charge: $0.2250
* As of Trade Date: 02/03/2023 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 2/3/2023) Per Unit (as of 2/3/2023)
4.63% $0.47760
^ 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 4.61%
Consumer Discretionary  Consumer Discretionary 2.12%
Consumer Staples  Consumer Staples 9.96%
Energy  Energy 23.00%
Financials  Financials 25.94%
Health Care  Health Care 1.92%
Industrials  Industrials 4.19%
Information Technology  Information Technology 4.22%
Materials  Materials 2.15%
Real Estate  Real Estate 17.57%
Utilities  Utilities 4.07%
Other  Other 0.25%
  Large Mid Small  
Growth  14.55% 6.20% 9.19%  
Value  25.43% 16.60% 27.78%  

 Style Weighting
Large-Cap Growth 14.55%
Large-Cap Value 25.43%
Mid-Cap Growth 6.20%
Mid-Cap Value 16.60%
Small-Cap Growth 9.19%
Small-Cap Value 27.78%
Undetermined 0.25%
U.S. Stocks 86.90%   Other 0.25%
Non-U.S. Stocks 12.85%      
The style and sector characteristics of the portfolio are determined as of 02/03/2023 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $36,079
Price/Earnings 13.63
Price/Book 1.82
As of 2/3/2023
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
 Community Healthcare Trust Incorporated CHCT Real Estate  Real Estate Small-Cap Growth 2.51%
 Cogent Communications Holdings, Inc. CCOI Communication Services  Communication Services Small-Cap Growth 2.49%
 U.S. Bancorp USB Financials  Financials Large-Cap Value 2.32%
 Broadcom Inc. AVGO Information Technology  Information Technology Large-Cap Growth 2.32%
 Simon Property Group, Inc. SPG Real Estate  Real Estate Large-Cap Growth 2.30%
 Baker Hughes Company (Class A) BKR Energy  Energy Large-Cap Value 2.29%
 First Commonwealth Financial Corporation FCF Financials  Financials Small-Cap Value 2.26%
 Suncor Energy Inc. SU Energy  Energy Large-Cap Value 2.26%
 Douglas Emmett, Inc. DEI Real Estate  Real Estate Small-Cap Value 2.26%
 F.N.B. Corporation FNB Financials  Financials Mid-Cap Value 2.25%
 Atlantic Union Bankshares Corporation AUB Financials  Financials Small-Cap Value 2.25%
 Ladder Capital Corp (Class A) LADR Financials  Financials Small-Cap Value 2.21%
 ONEOK, Inc. OKE Energy  Energy Large-Cap Value 2.20%
 Healthcare Services Group, Inc. HCSG Industrials  Industrials Small-Cap Growth 2.19%
 Sabra Health Care REIT, Inc. SBRA Real Estate  Real Estate Small-Cap Value 2.17%
 KKR Real Estate Finance Trust Inc. KREF Financials  Financials Small-Cap Value 2.17%
 Umpqua Holdings Corporation UMPQ Financials  Financials Small-Cap Value 2.16%
 Sociedad Quimica y Minera de Chile S.A. (ADR) SQM Materials  Materials Large-Cap Growth 2.15%
 Argo Group International Holdings, Ltd. ARGO Financials  Financials Small-Cap Value 2.15%
 Diamondback Energy, Inc. FANG Energy  Energy Large-Cap Value 2.15%
 The Clorox Company CLX Consumer Staples  Consumer Staples Mid-Cap Growth 2.14%
 Brixmor Property Group Inc. BRX Real Estate  Real Estate Mid-Cap Value 2.14%
 Hasbro, Inc. HAS Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.12%
 Blackstone Mortgage Trust, Inc. (Class A) BXMT Financials  Financials Small-Cap Value 2.12%
 TELUS Corporation TU Communication Services  Communication Services Large-Cap Value 2.12%
 Gaming and Leisure Properties, Inc. GLPI Real Estate  Real Estate Mid-Cap Growth 2.12%
 VICI Properties Inc. VICI Real Estate  Real Estate Large-Cap Value 2.10%
 Fortis Inc. FTS Utilities  Utilities Mid-Cap Value 2.09%
 TotalEnergies SE (ADR) TTE Energy  Energy Large-Cap Value 2.08%
 Northwest Bancshares, Inc. NWBI Financials  Financials Small-Cap Value 2.07%
 Pioneer Natural Resources Company PXD Energy  Energy Large-Cap Value 2.07%
 First Busey Corporation BUSE Financials  Financials Small-Cap Value 2.07%
 Antero Midstream Corp. AM Energy  Energy Mid-Cap Value 2.06%
 Altria Group, Inc. MO Consumer Staples  Consumer Staples Large-Cap Growth 2.05%
 Trinity Industries, Inc. TRN Industrials  Industrials Small-Cap Growth 2.00%
 Coterra Energy Inc. CTRA Energy  Energy Mid-Cap Value 1.99%
 ALLETE, Inc. ALE Utilities  Utilities Small-Cap Value 1.98%
 Ovintiv Inc. OVV Energy  Energy Mid-Cap Value 1.98%
 Omega Healthcare Investors, Inc. OHI Real Estate  Real Estate Mid-Cap Value 1.97%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 1.97%
 Kimberly-Clark Corporation KMB Consumer Staples  Consumer Staples Large-Cap Growth 1.96%
 Devon Energy Corporation DVN Energy  Energy Large-Cap Value 1.95%
 Reynolds Consumer Products Inc. REYN Consumer Staples  Consumer Staples Mid-Cap Growth 1.94%
 Gilead Sciences, Inc. GILD Health Care  Health Care Large-Cap Value 1.92%
 Heritage Commerce Corp HTBK Financials  Financials Small-Cap Value 1.91%
 International Business Machines Corporation IBM Information Technology  Information Technology Large-Cap Growth 1.90%
 Sysco Corporation SYY Consumer Staples  Consumer Staples Large-Cap Growth 1.87%
Total Number of Holdings:    47
Underlying Securities information represented above is as of 02/03/2023 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.09%
  Deferred:  2.18%
C&D Fee:    0.48%
Maximum Sales Charge:   2.75%
CUSIP Type Distribution
30329N100 Cash Monthly
30329N118 Reinvest Monthly
* Based on the offer price as of 02/03/2023 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.50%
Maximum Sales Charge:   0.50%
CUSIP Type Distribution
30329N126 Cash-Fee Monthly
30329N134 Reinvest-Fee Monthly
* Based on the NAV price as of 02/03/2023 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 March 20, 2023
$0.07500 April 20, 2023
$0.07500 May 19, 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.

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 COVID-19 global pandemic and the ensuing policies enacted by governments and central banks have caused and may continue to cause significant volatility and uncertainty in global financial markets. While the U.S. has resumed "reasonably" normal business activity, many countries continue to impose lockdown measures. Additionally, there is no guarantee that vaccines will be effective against emerging 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. 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 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.

Term Risk - 15 months. Although this unit investment trust terminates in approximately 15 months, the strategy is long-term. Investors should consider their ability to pursue investing in successive portfolios, if available. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

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, ©2023 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30329N100 (Cash)
30329N118 (Reinvest)
30329N126 (Cash-Fee)
30329N134 (Reinvest-Fee)
Printer Friendly Page Printer Friendly Page

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)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2023 All rights reserved.