Seventh Sabrient Dividend Opportunity UIT Portfolio Launched
Santa Barbara, CA – October 7, 2019: A new Sabrient Dividend Opportunity UIT Portfolio (FHBTLX) was launched today, the seventh in the series. The portfolio will terminate on January 7, 2021.
The Dividend Opportunity Series, licensed to First Trust Portfolios, is similar to the current Dividend Series, in that it seeks above-average total returns through a combination of capital appreciation and dividend income. The stocks are selected by applying a seven-step investment strategy process developed by Sabrient. Among other criteria, stocks must have above-average dividend yield, a minimum of six consecutive dividends that were the same or better than the previous quarter, strong earnings growth potential, along with a market cap of $500 million or more and sufficient liquidity.
Like the current Dividend Series, the Dividend Opportunity Series incorporates the Sabrient/Gradient Earnings Quality Rank (EQR Rank), a proprietary forensic accounting factor, to determine the relative safety of the dividends over the term of the portfolio.
The primary difference between the Dividend Series and the Dividend Opportunity Series is the term. The Dividend Opportunity portfolios have a 15-month term, while the Dividend Series have a 24-month term.
The Dividend Opportunity Series was launched on April 27, 2018. To follow the performance of the new Dividend Opportunity Portfolio, go to the First Trust Portfolios website and enter the portfolio ticker.
ABOUT SABRIENT SYSTEMS, LLC
Sabrient Systems is an independent investment research firm offering both quantitative and qualitative research. Sabrient uses a fundamentals-based, quantitative approach to build powerful investment strategies for the creation of stock indices (tracked by ETFs), unit investment trusts (UITs), and other types of investable products for portfolio managers and fund sponsors. These strategies are also used to create rankings and ratings on more than 5,000 equities, resulting in investor products for retail customers of brokerage firms, professional advisors, and private wealth managers. Sabrient’s subsidiary Gradient Analytics, acquired in 2011, offers expertise in financial analysis, forensic accounting, and executive behavior. Sabrient is based in Santa Barbara, California.
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