FT Cboe Vest Gold Strategy Target Income ETF® (IGLD)
Consolidated Portfolio of Investments
September 30, 2023 (Unaudited)
Consolidated Portfolio of Investments
September 30, 2023 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | |
U.S. TREASURY BILLS — 140.2% | |||||
$105,027,700 | U.S. Treasury Bill (a) | (b) | 11/30/23 | $104,111,115 | |
(Cost $104,210,721) |
Shares | Description | Value | |||
MONEY MARKET FUNDS — 1.0% | |||||
732,479 | Dreyfus Government Cash Management Fund, Institutional Shares - 5.22% (c) | 732,479 | |||
(Cost $732,479) | |||||
Total Investments — 141.2% | 104,843,594 | ||||
(Cost $104,943,200) |
Number of Contracts | Description | Notional Amount | Exercise Price | Expiration Date | Value |
PURCHASED OPTIONS — 0.0% | |||||
Call Options Purchased — 0.0% | |||||
4,314 | SPDR® Gold Shares | $73,963,530 | $244.50 | 11/30/23 | 2,991 |
(Cost $560,073) | |||||
WRITTEN OPTIONS — (42.0)% | |||||
Call Options Written — (0.8)% | |||||
(2,350 ) | SPDR® Gold Shares | (40,290,750 ) | 171.45 | 10/31/23 | (603,950 ) |
(Premiums received $600,890) | |||||
Put Options Written — (41.2)% | |||||
(4,314 ) | SPDR® Gold Shares | (73,963,530 ) | 244.50 | 11/30/23 | (30,568,585 ) |
(Premiums received $27,389,764) | |||||
Total Written Options | (31,172,535 ) | ||||
(Premiums received $27,990,654) | |||||
Net Other Assets and Liabilities — 0.8% | 577,520 | ||||
Net Assets — 100.0% | $74,251,570 |
(a) | All or a portion of this security is segregated as collateral for the options written. At September 30, 2023, the segregated value of this security amounts to $42,648,900. |
(b) | Zero coupon security. |
(c) | Rate shown reflects yield as of September 30, 2023. |
FT Cboe Vest Gold Strategy Target Income ETF® (IGLD)
Consolidated Portfolio of Investments (Continued)
September 30, 2023 (Unaudited)
Consolidated Portfolio of Investments (Continued)
September 30, 2023 (Unaudited)
Valuation Inputs
The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:
• Level 1 – Level 1 inputs are quoted prices in active markets for identical investments.
• Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.)
• Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment.
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.
A summary of the inputs used to value the Fund’s investments as of September 30, 2023 is as follows:
ASSETS TABLE | ||||
Total Value at 9/30/2023 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
U.S. Treasury Bills | $104,111,115 | $— | $104,111,115 | $— |
Money Market Funds | 732,479 | 732,479 | — | — |
Total Investments | 104,843,594 | 732,479 | 104,111,115 | — |
Purchased Options | 2,991 | — | 2,991 | — |
Total | $104,846,585 | $732,479 | $104,114,106 | $— |
LIABILITIES TABLE | ||||
Total Value at 9/30/2023 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Written Options | $(31,172,535 ) | $— | $(31,172,535 ) | $— |