Sabrient Systems, LLC (“Sabrient”), formed in December of 2000, is a California limited liability company based in Phoenix, Arizona. Sabrient provides: (i) guidance through a web-based application that employs Sabrient’s proprietary computer software-based models to generate recommendations for users based on personal information each user supplies through Sabrient’s website (“Internet Services”); (ii) consultancy services to a sponsor of unit investment trusts (“UITs”); (iii) licensing arrangements with various companies for use of Sabrient’s indexes; and (iv) earnings quality rank (“EQR”) data feed provided through subscriptions to a third-party electronic platform. Except as specifically described below with respect to the Internet Services, Sabrient does not provide individually-tailored advice and does not take into account the specific investment needs of any individual investor in any of the UITs or ETFs or of any subscriber to the EQR services. Consultancy Services Sabrient acts as a consultant to First Trust Portfolios L.P. (“First Trust”) in connection with the following series of UITs offered by First Trust:
• Baker's Dozen Series, issued quarterly, which is a growth-oriented portfolio of 13 stocks seeking above-average total returns relative to the S&P 500 benchmark.
• Dividend Series, issued quarterly, which seeks above-average total returns by investing in 45-50 companies with above-average dividend yields, using a seven-step investment strategy process.
• Forward Looking Value Series, issued annually, which comprises 35 stocks and seeks above-average capital appreciation with companies that Sabrient believes are undervalued relative to the broader market.
• Small Cap Growth Series, issued quarterly, which selects 45-50 small-cap stocks representing a cross-section of industries.
• Although not a consultancy

arrangement, Sabrient licenses its Earnings Quality Rank (EQR), with daily data updates, to the First Trust Long/Short Equity ETF, which uses the data to help sort its universe of stocks and establish long and short positions in a portfolio of equity securities. The UITs are designed to be held for a fixed term, typically 15 to 24 months, and are then liquidated at the end of the term. The investor then has the option of reinvesting their capital into a new UIT portfolio. Internet Services SmartLights is Sabrient’s internet-based stock-screening and stock-analysis application. The application allows the user to:
• Search a universe of over 5,000 stocks and define certain parameters of the universe to be searched, such as market cap, sectors, and minimum/maximum values for price.
• Select one or more of Sabrient’s nine proprietary algorithms to search the defined universe and display the top-ranked stocks based on those algorithms.
• Convert the results of a search into a portfolio for analysis.
• Analyze a portfolio of stocks, using Sabrient’s Scores Metric Set to display nine proprietary scores for each stock in the portfolio.
• Use Sabrient’s Correlation function to assess the risk of the portfolio. Sabrient also offers Sabrient Scorecards, a downloadable spreadsheet for both stocks and ETFs, which allows the user to weight and personalize their own preferences. Tailored Services and Client Imposed Restrictions Other than the client-provided parameters and limitations described above under Internet Services, Sabrient’s strategies are not tailored to the individual needs of clients and clients may not impose restrictions on investing in certain securities or types of securities. Assets Under Management As December 31, 2023, Sabrient had no discretionary or non-discretionary assets under management.