First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments
September 30, 2022 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS – 50.9% | ||||
Aerospace & Defense – 1.2% | ||||
15,606 | General Dynamics Corp. | $3,311,125 | ||
8,029 | Lockheed Martin Corp. | 3,101,522 | ||
7,217 | Northrop Grumman Corp. | 3,394,300 | ||
9,806,947 | ||||
Air Freight & Logistics – 0.6% | ||||
35,427 | Expeditors International of Washington, Inc. | 3,128,558 | ||
23,521 | Forward Air Corp. | 2,123,006 | ||
5,251,564 | ||||
Banks – 6.2% | ||||
84,441 | Brookline Bancorp, Inc. | 983,738 | ||
14,242 | City Holding Co. | 1,263,123 | ||
52,593 | Commerce Bancshares, Inc. | 3,479,553 | ||
43,406 | Community Bank System, Inc. | 2,607,832 | ||
139,171 | CVB Financial Corp. | 3,523,810 | ||
53,420 | Eagle Bancorp, Inc. | 2,394,284 | ||
25,170 | FB Financial Corp. | 961,746 | ||
267,451 | First BanCorp | 3,658,730 | ||
73,691 | First Commonwealth Financial Corp. | 946,192 | ||
87,926 | First Financial Bankshares, Inc. | 3,677,944 | ||
238,947 | Fulton Financial Corp. | 3,775,363 | ||
22,850 | Heartland Financial USA, Inc. | 990,776 | ||
129,513 | Hilltop Holdings, Inc. | 3,218,398 | ||
25,374 | Lakeland Financial Corp. | 1,847,481 | ||
26,335 | National Bank Holdings Corp., Class A | 974,132 | ||
30,601 | NBT Bancorp, Inc. | 1,161,308 | ||
94,300 | Northwest Bancshares, Inc. | 1,273,993 | ||
36,517 | OFG Bancorp | 917,672 | ||
44,881 | Popular, Inc. | 3,234,125 | ||
50,575 | Prosperity Bancshares, Inc. | 3,372,341 | ||
35,691 | ServisFirst Bancshares, Inc. | 2,855,280 | ||
52,095 | Towne Bank | 1,397,709 | ||
40,101 | UMB Financial Corp. | 3,380,113 | ||
17,508 | Westamerica BanCorp | 915,493 | ||
52,811,136 | ||||
Building Products – 1.2% | ||||
63,146 | A.O. Smith Corp. | 3,067,633 | ||
35,269 | Allegion PLC | 3,162,924 | ||
50,673 | UFP Industries, Inc. | 3,656,563 | ||
9,887,120 | ||||
Capital Markets – 5.5% | ||||
14,524 | Ameriprise Financial, Inc. | 3,659,322 | ||
5,671 | BlackRock, Inc. | 3,120,638 | ||
30,505 | Cboe Global Markets, Inc. | 3,580,372 | ||
16,867 | CME Group, Inc. | 2,987,652 | ||
36,886 | Evercore, Inc., Class A | 3,033,873 | ||
8,976 | FactSet Research Systems, Inc. | 3,591,387 | ||
34,564 | Hamilton Lane, Inc., Class A | 2,060,360 | ||
43,744 | Houlihan Lokey, Inc. | 3,297,423 | ||
36,716 | Intercontinental Exchange, Inc. | 3,317,290 | ||
12,589 | Piper Sandler Cos. | 1,318,572 | ||
37,249 | PJT Partners, Inc., Class A | 2,488,978 | ||
38,618 | Raymond James Financial, Inc. | 3,816,231 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Capital Markets (Continued) | ||||
63,916 | SEI Investments Co. | $3,135,080 | ||
61,634 | Stifel Financial Corp. | 3,199,421 | ||
30,392 | T Rowe Price Group, Inc. | 3,191,464 | ||
7,048 | Virtus Investment Partners, Inc. | 1,124,297 | ||
46,922,360 | ||||
Chemicals – 1.7% | ||||
23,333 | Balchem Corp. | 2,836,826 | ||
32,265 | FMC Corp. | 3,410,410 | ||
121,794 | Huntsman Corp. | 2,988,825 | ||
10,057 | NewMarket Corp. | 3,025,447 | ||
21,059 | Stepan Co. | 1,972,597 | ||
14,234,105 | ||||
Commercial Services & Supplies – 0.7% | ||||
25,286 | Tetra Tech, Inc. | 3,250,009 | ||
13,995 | UniFirst Corp. | 2,354,379 | ||
5,604,388 | ||||
Construction & Engineering – 0.5% | ||||
33,537 | EMCOR Group, Inc. | 3,872,853 | ||
Containers & Packaging – 0.3% | ||||
25,110 | Packaging Corp. of America | 2,819,602 | ||
Diversified Consumer Services – 0.3% | ||||
49,952 | Service Corp. International | 2,884,228 | ||
Diversified Financial Services – 0.4% | ||||
58,003 | Voya Financial, Inc. | 3,509,182 | ||
Electrical Equipment – 0.4% | ||||
31,421 | AMETEK, Inc. | 3,563,456 | ||
Electronic Equipment, Instruments & Components – 0.6% | ||||
53,632 | Amphenol Corp., Class A | 3,591,198 | ||
44,745 | Methode Electronics, Inc. | 1,662,277 | ||
5,253,475 | ||||
Food & Staples Retailing – 0.4% | ||||
7,206 | Costco Wholesale Corp. | 3,403,178 | ||
Food Products – 1.0% | ||||
38,073 | Bunge Ltd. | 3,143,688 | ||
55,609 | Mondelez International, Inc., Class A | 3,049,041 | ||
40,119 | Tyson Foods, Inc., Class A | 2,645,046 | ||
8,837,775 | ||||
Health Care Equipment & Supplies – 0.4% | ||||
31,778 | Abbott Laboratories | 3,074,839 | ||
Health Care Providers & Services – 0.8% | ||||
7,354 | Chemed Corp. | 3,210,462 | ||
6,721 | UnitedHealth Group, Inc. | 3,394,374 | ||
6,604,836 | ||||
Hotels, Restaurants & Leisure – 0.5% | ||||
47,169 | Texas Roadhouse, Inc. | 4,115,967 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Household Durables – 0.7% | ||||
35,144 | Garmin Ltd. | $2,822,415 | ||
137,899 | La-Z-Boy, Inc. | 3,112,380 | ||
5,934,795 | ||||
Household Products – 0.4% | ||||
24,013 | Procter & Gamble (The) Co. | 3,031,641 | ||
Industrial Conglomerates – 0.3% | ||||
26,681 | 3M Co. | 2,948,251 | ||
Insurance – 6.4% | ||||
62,405 | Aflac, Inc. | 3,507,161 | ||
27,244 | Allstate (The) Corp. | 3,392,695 | ||
18,234 | AMERISAFE, Inc. | 852,075 | ||
29,021 | Cincinnati Financial Corp. | 2,599,411 | ||
25,292 | Employers Holdings, Inc. | 872,321 | ||
12,319 | Everest Re Group, Ltd. | 3,232,998 | ||
93,420 | Fidelity National Financial, Inc. | 3,381,804 | ||
65,246 | First American Financial Corp. | 3,007,841 | ||
23,607 | Hanover Insurance Group (The), Inc. | 3,025,001 | ||
52,770 | Hartford Financial Services Group (The), Inc. | 3,268,574 | ||
46,801 | Horace Mann Educators Corp. | 1,651,607 | ||
154,419 | Old Republic International Corp. | 3,231,990 | ||
29,696 | Progressive (The) Corp. | 3,450,972 | ||
29,615 | RLI Corp. | 3,031,984 | ||
14,796 | Safety Insurance Group, Inc. | 1,206,762 | ||
39,713 | Selective Insurance Group, Inc. | 3,232,638 | ||
28,281 | Stewart Information Services Corp. | 1,234,183 | ||
20,415 | Travelers (The) Cos., Inc. | 3,127,578 | ||
50,583 | W.R. Berkley Corp. | 3,266,650 | ||
17,494 | Willis Towers Watson PLC | 3,515,244 | ||
54,089,489 | ||||
IT Services – 2.3% | ||||
12,437 | Accenture PLC, Class A | 3,200,040 | ||
16,438 | Automatic Data Processing, Inc. | 3,718,111 | ||
51,162 | Cognizant Technology Solutions Corp., Class A | 2,938,745 | ||
19,178 | Jack Henry & Associates, Inc. | 3,495,574 | ||
30,322 | Paychex, Inc. | 3,402,432 | ||
17,536 | Visa, Inc., Class A | 3,115,271 | ||
19,870,173 | ||||
Leisure Products – 0.2% | ||||
36,491 | Sturm Ruger & Co., Inc. | 1,853,378 | ||
Life Sciences Tools & Services – 0.8% | ||||
29,073 | Agilent Technologies, Inc. | 3,533,823 | ||
6,355 | Thermo Fisher Scientific, Inc. | 3,223,193 | ||
6,757,016 | ||||
Machinery – 4.9% | ||||
89,800 | Allison Transmission Holdings, Inc. | 3,031,648 | ||
17,843 | Cummins, Inc. | 3,631,229 | ||
11,530 | Deere & Co. | 3,849,752 | ||
37,879 | Franklin Electric Co., Inc. | 3,095,093 | ||
58,117 | Graco, Inc. | 3,484,114 | ||
51,351 | ITT, Inc. | 3,355,274 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Machinery (Continued) | ||||
56,806 | Mueller Industries, Inc. | $3,376,549 | ||
17,057 | Nordson Corp. | 3,620,689 | ||
41,935 | PACCAR, Inc. | 3,509,540 | ||
17,523 | Snap-on, Inc. | 3,528,256 | ||
45,555 | Toro (The) Co. | 3,939,596 | ||
28,109 | Watts Water Technologies, Inc., Class A | 3,534,145 | ||
41,955,885 | ||||
Marine – 0.3% | ||||
47,379 | Matson, Inc. | 2,914,756 | ||
Metals & Mining – 1.1% | ||||
20,326 | Reliance Steel & Aluminum Co. | 3,545,058 | ||
52,194 | Steel Dynamics, Inc. | 3,703,164 | ||
50,648 | Worthington Industries, Inc. | 1,931,715 | ||
9,179,937 | ||||
Multiline Retail – 0.4% | ||||
14,068 | Dollar General Corp. | 3,374,351 | ||
Pharmaceuticals – 1.1% | ||||
19,453 | Johnson & Johnson | 3,177,842 | ||
37,873 | Merck & Co., Inc. | 3,261,623 | ||
20,086 | Zoetis, Inc. | 2,978,553 | ||
9,418,018 | ||||
Professional Services – 0.9% | ||||
38,210 | Booz Allen Hamilton Holding Corp. | 3,528,693 | ||
17,292 | Kforce, Inc. | 1,014,176 | ||
46,105 | Robert Half International, Inc. | 3,527,033 | ||
8,069,902 | ||||
Road & Rail – 2.2% | ||||
21,928 | JB Hunt Transport Services, Inc. | 3,429,978 | ||
74,591 | Knight-Swift Transportation Holdings, Inc. | 3,649,738 | ||
23,744 | Landstar System, Inc. | 3,427,921 | ||
71,576 | Marten Transport Ltd. | 1,371,396 | ||
13,472 | Old Dominion Freight Line, Inc. | 3,351,429 | ||
89,590 | Werner Enterprises, Inc. | 3,368,584 | ||
18,599,046 | ||||
Semiconductors & Semiconductor Equipment – 1.4% | ||||
92,295 | Intel Corp. | 2,378,442 | ||
46,032 | Power Integrations, Inc. | 2,960,778 | ||
37,271 | Skyworks Solutions, Inc. | 3,178,098 | ||
22,471 | Texas Instruments, Inc. | 3,478,062 | ||
11,995,380 | ||||
Software – 0.4% | ||||
13,447 | Microsoft Corp. | 3,131,806 | ||
Specialty Retail – 1.6% | ||||
19,948 | Advance Auto Parts, Inc. | 3,118,670 | ||
52,966 | Best Buy Co., Inc. | 3,354,866 | ||
61,823 | TJX (The) Cos., Inc. | 3,840,445 | ||
17,811 | Tractor Supply Co. | 3,310,709 | ||
13,624,690 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Textiles, Apparel & Luxury Goods – 1.1% | ||||
48,992 | Carter’s, Inc. | $3,210,446 | ||
48,236 | Columbia Sportswear Co. | 3,246,283 | ||
107,195 | Steven Madden Ltd. | 2,858,890 | ||
9,315,619 | ||||
Thrifts & Mortgage Finance – 0.4% | ||||
175,714 | Radian Group, Inc. | 3,389,523 | ||
Trading Companies & Distributors – 1.3% | ||||
58,041 | Boise Cascade Co. | 3,451,118 | ||
69,166 | Fastenal Co. | 3,184,403 | ||
24,575 | Rush Enterprises, Inc., Class A | 1,077,859 | ||
14,459 | Watsco, Inc. | 3,722,614 | ||
11,435,994 | ||||
Total Common Stocks | 433,346,661 | |||
(Cost $436,399,210) | ||||
REAL ESTATE INVESTMENT TRUSTS – 0.3% | ||||
Industrial REITs – 0.3% | ||||
321,490 | LXP Industrial Trust | 2,944,848 | ||
(Cost $4,622,587) |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES – 40.3% | ||||||||
Aerospace & Defense – 1.4% | ||||||||
$1,000,000 | Boeing (The) Co. | 1.43% | 02/04/24 | 950,720 | ||||
500,000 | Boeing (The) Co. | 2.75% | 02/01/26 | 454,864 | ||||
1,000,000 | Boeing (The) Co. | 2.20% | 02/04/26 | 890,039 | ||||
500,000 | Boeing (The) Co. | 2.70% | 02/01/27 | 436,288 | ||||
500,000 | Boeing (The) Co. | 3.25% | 02/01/28 | 437,520 | ||||
250,000 | Boeing (The) Co. | 3.20% | 03/01/29 | 209,046 | ||||
500,000 | Boeing (The) Co. | 2.95% | 02/01/30 | 402,447 | ||||
500,000 | Boeing (The) Co. | 3.63% | 02/01/31 | 415,586 | ||||
1,000,000 | Boeing (The) Co. | 5.71% | 05/01/40 | 876,075 | ||||
1,500,000 | Boeing (The) Co. | 3.75% | 02/01/50 | 980,770 | ||||
500,000 | Northrop Grumman Corp. | 2.93% | 01/15/25 | 477,272 | ||||
500,000 | Northrop Grumman Corp. | 3.25% | 01/15/28 | 456,335 | ||||
750,000 | Northrop Grumman Corp. | 4.03% | 10/15/47 | 597,838 | ||||
250,000 | Northrop Grumman Corp. | 5.25% | 05/01/50 | 239,518 | ||||
1,873,000 | Raytheon Technologies Corp. | 2.38% | 03/15/32 | 1,476,083 | ||||
1,000,000 | Raytheon Technologies Corp. | 4.63% | 11/16/48 | 865,795 | ||||
1,500,000 | Raytheon Technologies Corp. | 3.13% | 07/01/50 | 1,012,342 | ||||
1,000,000 | Raytheon Technologies Corp. | 2.82% | 09/01/51 | 630,163 | ||||
500,000 | Textron, Inc. | 2.45% | 03/15/31 | 384,353 | ||||
12,193,054 | ||||||||
Air Freight & Logistics – 0.4% | ||||||||
1,000,000 | FedEx Corp. | 2.40% | 05/15/31 | 778,902 | ||||
1,750,000 | FedEx Corp. | 3.25% | 05/15/41 | 1,206,152 | ||||
1,500,000 | FedEx Corp. | 4.55% | 04/01/46 | 1,191,140 | ||||
3,176,194 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Banks – 7.3% | ||||||||
$2,050,000 | Bank of America Corp. (a) | 1.84% | 02/04/25 | $1,949,803 | ||||
2,000,000 | Bank of America Corp. (a) | 0.98% | 04/22/25 | 1,860,739 | ||||
750,000 | Bank of America Corp. (a) | 2.02% | 02/13/26 | 688,115 | ||||
2,500,000 | Bank of America Corp. (a) | 3.38% | 04/02/26 | 2,363,153 | ||||
950,000 | Bank of America Corp. | 3.50% | 04/19/26 | 893,409 | ||||
1,000,000 | Bank of America Corp. (a) | 4.83% | 07/22/26 | 977,148 | ||||
1,000,000 | Bank of America Corp. (a) | 1.20% | 10/24/26 | 872,160 | ||||
500,000 | Bank of America Corp. (a) | 3.56% | 04/23/27 | 462,238 | ||||
450,000 | Bank of America Corp. (a) | 2.55% | 02/04/28 | 392,110 | ||||
500,000 | Bank of America Corp. (a) | 3.71% | 04/24/28 | 455,772 | ||||
475,000 | Bank of America Corp. (a) | 4.38% | 04/27/28 | 445,772 | ||||
500,000 | Bank of America Corp. (a) | 3.59% | 07/21/28 | 452,283 | ||||
1,000,000 | Bank of America Corp. (a) | 4.95% | 07/22/28 | 962,311 | ||||
1,091,000 | Bank of America Corp. (a) | 3.42% | 12/20/28 | 969,585 | ||||
1,000,000 | Bank of America Corp. (a) | 2.09% | 06/14/29 | 813,875 | ||||
500,000 | Bank of America Corp. (a) | 4.27% | 07/23/29 | 455,076 | ||||
500,000 | Bank of America Corp. (a) | 3.97% | 02/07/30 | 446,466 | ||||
500,000 | Bank of America Corp. (a) | 3.19% | 07/23/30 | 421,813 | ||||
500,000 | Bank of America Corp. (a) | 2.88% | 10/22/30 | 410,609 | ||||
500,000 | Bank of America Corp. (a) | 1.90% | 07/23/31 | 372,960 | ||||
1,000,000 | Bank of America Corp. (a) | 1.92% | 10/24/31 | 739,737 | ||||
500,000 | Bank of America Corp. (a) | 2.57% | 10/20/32 | 382,781 | ||||
750,000 | Bank of America Corp. (a) | 2.97% | 02/04/33 | 586,970 | ||||
500,000 | Bank of America Corp. (a) | 4.57% | 04/27/33 | 448,674 | ||||
1,000,000 | Bank of America Corp. (a) | 5.02% | 07/22/33 | 930,451 | ||||
1,500,000 | Bank of America Corp. (a) | 2.48% | 09/21/36 | 1,086,504 | ||||
500,000 | Bank of America Corp. (a) | 4.08% | 04/23/40 | 395,661 | ||||
1,000,000 | Bank of America Corp. (a) | 2.68% | 06/19/41 | 648,233 | ||||
2,000,000 | Bank of America Corp. (a) | 3.31% | 04/22/42 | 1,413,923 | ||||
500,000 | Bank of America Corp. (a) | 3.95% | 01/23/49 | 371,734 | ||||
500,000 | Bank of America Corp. (a) | 4.33% | 03/15/50 | 395,540 | ||||
500,000 | Bank of America Corp. (a) | 2.83% | 10/24/51 | 296,604 | ||||
750,000 | Bank of America Corp. (a) | 2.97% | 07/21/52 | 461,511 | ||||
2,000,000 | Citigroup, Inc. (a) | 2.01% | 01/25/26 | 1,839,699 | ||||
500,000 | Citigroup, Inc. (a) | 3.11% | 04/08/26 | 469,056 | ||||
3,000,000 | Citigroup, Inc. (a) | 1.12% | 01/28/27 | 2,570,031 | ||||
3,000,000 | Citigroup, Inc. (a) | 1.46% | 06/09/27 | 2,558,199 | ||||
500,000 | Citigroup, Inc. (a) | 3.98% | 03/20/30 | 443,987 | ||||
1,000,000 | Citigroup, Inc. (a) | 2.98% | 11/05/30 | 822,935 | ||||
500,000 | Citigroup, Inc. (a) | 2.67% | 01/29/31 | 399,641 | ||||
2,000,000 | Citigroup, Inc. (a) | 2.56% | 05/01/32 | 1,537,187 | ||||
1,000,000 | Citigroup, Inc. (a) | 3.06% | 01/25/33 | 788,284 | ||||
500,000 | Citigroup, Inc. (a) | 3.88% | 01/24/39 | 393,261 | ||||
1,500,000 | Citigroup, Inc. (a) | 2.90% | 11/03/42 | 960,525 | ||||
750,000 | Citigroup, Inc. | 4.75% | 05/18/46 | 599,883 | ||||
500,000 | Citigroup, Inc. | 4.65% | 07/23/48 | 408,660 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 0.56% | 02/16/25 | 935,681 | ||||
2,000,000 | JPMorgan Chase & Co. (a) | 0.82% | 06/01/25 | 1,853,457 | ||||
3,500,000 | JPMorgan Chase & Co. (a) | 0.97% | 06/23/25 | 3,240,911 | ||||
500,000 | JPMorgan Chase & Co. (a) | 2.30% | 10/15/25 | 469,234 | ||||
500,000 | JPMorgan Chase & Co. (a) | 2.60% | 02/24/26 | 465,212 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 4.08% | 04/26/26 | 963,576 | ||||
500,000 | JPMorgan Chase & Co. (a) | 1.05% | 11/19/26 | 433,052 | ||||
500,000 | JPMorgan Chase & Co. (a) | 1.04% | 02/04/27 | 425,544 | ||||
500,000 | JPMorgan Chase & Co. (a) | 1.58% | 04/22/27 | 432,585 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Banks (Continued) | ||||||||
$1,000,000 | JPMorgan Chase & Co. (a) | 1.47% | 09/22/27 | $847,137 | ||||
550,000 | JPMorgan Chase & Co. (a) | 2.95% | 02/24/28 | 487,162 | ||||
975,000 | JPMorgan Chase & Co. (a) | 4.32% | 04/26/28 | 914,912 | ||||
500,000 | JPMorgan Chase & Co. (a) | 3.54% | 05/01/28 | 453,332 | ||||
500,000 | JPMorgan Chase & Co. (a) | 4.85% | 07/25/28 | 480,318 | ||||
500,000 | JPMorgan Chase & Co. (a) | 3.51% | 01/23/29 | 443,172 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 2.07% | 06/01/29 | 812,309 | ||||
500,000 | JPMorgan Chase & Co. (a) | 4.20% | 07/23/29 | 455,955 | ||||
500,000 | JPMorgan Chase & Co. (a) | 3.70% | 05/06/30 | 436,886 | ||||
500,000 | JPMorgan Chase & Co. (a) | 1.76% | 11/19/31 | 365,804 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 2.58% | 04/22/32 | 775,201 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 2.96% | 01/25/33 | 786,906 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 4.59% | 04/26/33 | 900,875 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 4.91% | 07/25/33 | 924,129 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 2.53% | 11/19/41 | 626,631 | ||||
2,000,000 | JPMorgan Chase & Co. (a) | 3.16% | 04/22/42 | 1,372,627 | ||||
500,000 | JPMorgan Chase & Co. (a) | 4.26% | 02/22/48 | 395,652 | ||||
750,000 | JPMorgan Chase & Co. (a) | 3.96% | 11/15/48 | 563,234 | ||||
500,000 | JPMorgan Chase & Co. (a) | 3.90% | 01/23/49 | 371,735 | ||||
2,000,000 | JPMorgan Chase & Co. (a) | 3.33% | 04/22/52 | 1,319,845 | ||||
750,000 | Wells Fargo & Co. | 4.75% | 12/07/46 | 599,971 | ||||
62,168,113 | ||||||||
Beverages – 0.6% | ||||||||
875,000 | Anheuser-Busch Cos., LLC/Anheuser-Busch InBev Worldwide, Inc. | 4.70% | 02/01/36 | 790,740 | ||||
1,100,000 | Anheuser-Busch Cos., LLC/Anheuser-Busch InBev Worldwide, Inc. | 4.90% | 02/01/46 | 955,899 | ||||
250,000 | Anheuser-Busch InBev Worldwide, Inc. | 4.75% | 01/23/29 | 243,925 | ||||
1,000,000 | Anheuser-Busch InBev Worldwide, Inc. | 4.90% | 01/23/31 | 983,511 | ||||
750,000 | Anheuser-Busch InBev Worldwide, Inc. | 4.38% | 04/15/38 | 642,241 | ||||
250,000 | Anheuser-Busch InBev Worldwide, Inc. | 4.35% | 06/01/40 | 212,482 | ||||
250,000 | Anheuser-Busch InBev Worldwide, Inc. | 4.60% | 04/15/48 | 207,796 | ||||
250,000 | Anheuser-Busch InBev Worldwide, Inc. | 5.55% | 01/23/49 | 235,430 | ||||
250,000 | Anheuser-Busch InBev Worldwide, Inc. | 4.50% | 06/01/50 | 205,917 | ||||
750,000 | Anheuser-Busch InBev Worldwide, Inc. | 4.75% | 04/15/58 | 617,410 | ||||
250,000 | Anheuser-Busch InBev Worldwide, Inc. | 5.80% | 01/23/59 | 239,938 | ||||
5,335,289 | ||||||||
Biotechnology – 1.1% | ||||||||
1,000,000 | AbbVie, Inc. | 2.60% | 11/21/24 | 952,665 | ||||
1,000,000 | AbbVie, Inc. | 2.95% | 11/21/26 | 917,516 | ||||
250,000 | AbbVie, Inc. | 4.25% | 11/14/28 | 235,140 | ||||
1,225,000 | AbbVie, Inc. | 4.05% | 11/21/39 | 991,616 | ||||
275,000 | AbbVie, Inc. | 4.40% | 11/06/42 | 228,637 | ||||
300,000 | AbbVie, Inc. | 4.70% | 05/14/45 | 254,691 | ||||
250,000 | AbbVie, Inc. | 4.88% | 11/14/48 | 220,468 | ||||
1,000,000 | AbbVie, Inc. | 4.25% | 11/21/49 | 804,164 | ||||
500,000 | Amgen, Inc. | 1.90% | 02/21/25 | 466,746 | ||||
500,000 | Amgen, Inc. | 3.00% | 02/22/29 | 437,978 | ||||
500,000 | Amgen, Inc. | 2.45% | 02/21/30 | 412,917 | ||||
1,000,000 | Amgen, Inc. | 2.00% | 01/15/32 | 764,446 | ||||
500,000 | Amgen, Inc. | 3.35% | 02/22/32 | 427,266 | ||||
750,000 | Amgen, Inc. | 3.15% | 02/21/40 | 543,386 | ||||
1,000,000 | Amgen, Inc. | 2.80% | 08/15/41 | 685,131 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Biotechnology (Continued) | ||||||||
$750,000 | Amgen, Inc. | 3.38% | 02/21/50 | $512,634 | ||||
500,000 | Amgen, Inc. | 4.20% | 02/22/52 | 393,614 | ||||
9,249,015 | ||||||||
Building Products – 0.1% | ||||||||
1,000,000 | Masco Corp. | 2.00% | 02/15/31 | 749,979 | ||||
Capital Markets – 5.3% | ||||||||
500,000 | Goldman Sachs Group (The), Inc. | 3.63% | 02/20/24 | 491,762 | ||||
600,000 | Goldman Sachs Group (The), Inc. | 4.00% | 03/03/24 | 591,738 | ||||
965,000 | Goldman Sachs Group (The), Inc. | 3.00% | 03/15/24 | 938,358 | ||||
3,000,000 | Goldman Sachs Group (The), Inc. (a) | 0.93% | 10/21/24 | 2,850,958 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 1.76% | 01/24/25 | 475,426 | ||||
500,000 | Goldman Sachs Group (The), Inc. | 3.50% | 04/01/25 | 478,214 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 0.86% | 02/12/26 | 446,432 | ||||
550,000 | Goldman Sachs Group (The), Inc. | 3.75% | 02/25/26 | 521,666 | ||||
500,000 | Goldman Sachs Group (The), Inc. | 3.50% | 11/16/26 | 462,052 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 1.09% | 12/09/26 | 431,940 | ||||
750,000 | Goldman Sachs Group (The), Inc. | 3.85% | 01/26/27 | 695,942 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 1.43% | 03/09/27 | 860,917 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 1.54% | 09/10/27 | 846,198 | ||||
1,500,000 | Goldman Sachs Group (The), Inc. (a) | 1.95% | 10/21/27 | 1,285,182 | ||||
950,000 | Goldman Sachs Group (The), Inc. (a) | 2.64% | 02/24/28 | 825,688 | ||||
5,000,000 | Goldman Sachs Group (The), Inc. (a) | 4.48% | 08/23/28 | 4,701,440 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 3.81% | 04/23/29 | 444,234 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 4.22% | 05/01/29 | 455,390 | ||||
500,000 | Goldman Sachs Group (The), Inc. | 2.60% | 02/07/30 | 403,742 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 1.99% | 01/27/32 | 740,373 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 2.62% | 04/22/32 | 777,279 | ||||
1,500,000 | Goldman Sachs Group (The), Inc. (a) | 2.65% | 10/21/32 | 1,150,477 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 3.10% | 02/24/33 | 794,728 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 4.02% | 10/31/38 | 395,796 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 4.41% | 04/23/39 | 415,474 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 3.21% | 04/22/42 | 680,541 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 2.91% | 07/21/42 | 645,315 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 3.44% | 02/24/43 | 347,477 | ||||
1,500,000 | Morgan Stanley (a) | 3.62% | 04/17/25 | 1,456,799 | ||||
3,000,000 | Morgan Stanley (a) | 0.79% | 05/30/25 | 2,763,692 | ||||
1,000,000 | Morgan Stanley (a) | 0.86% | 10/21/25 | 907,909 | ||||
1,000,000 | Morgan Stanley (a) | 1.16% | 10/21/25 | 911,671 | ||||
800,000 | Morgan Stanley | 3.88% | 01/27/26 | 763,839 | ||||
500,000 | Morgan Stanley (a) | 2.19% | 04/28/26 | 459,031 | ||||
1,000,000 | Morgan Stanley (a) | 4.68% | 07/17/26 | 974,674 | ||||
1,000,000 | Morgan Stanley (a) | 1.59% | 05/04/27 | 863,369 | ||||
1,000,000 | Morgan Stanley (a) | 2.48% | 01/21/28 | 874,123 | ||||
1,050,000 | Morgan Stanley (a) | 4.21% | 04/20/28 | 983,826 | ||||
500,000 | Morgan Stanley (a) | 3.59% | 07/22/28 | 450,963 | ||||
500,000 | Morgan Stanley (a) | 3.77% | 01/24/29 | 449,793 | ||||
500,000 | Morgan Stanley (a) | 4.43% | 01/23/30 | 460,122 | ||||
500,000 | Morgan Stanley (a) | 2.70% | 01/22/31 | 405,729 | ||||
1,000,000 | Morgan Stanley (a) | 1.93% | 04/28/32 | 731,220 | ||||
2,500,000 | Morgan Stanley (a) | 2.24% | 07/21/32 | 1,880,515 | ||||
1,000,000 | Morgan Stanley (a) | 2.51% | 10/20/32 | 764,873 | ||||
1,000,000 | Morgan Stanley (a) | 2.94% | 01/21/33 | 790,557 | ||||
1,000,000 | Morgan Stanley (a) | 4.89% | 07/20/33 | 927,048 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Capital Markets (Continued) | ||||||||
$1,000,000 | Morgan Stanley (a) | 2.48% | 09/16/36 | $717,670 | ||||
500,000 | Morgan Stanley (a) | 5.30% | 04/20/37 | 449,095 | ||||
500,000 | Morgan Stanley (a) | 3.97% | 07/22/38 | 399,693 | ||||
500,000 | Morgan Stanley (a) | 4.46% | 04/22/39 | 424,071 | ||||
1,000,000 | Morgan Stanley (a) | 3.22% | 04/22/42 | 698,968 | ||||
1,000,000 | Morgan Stanley (a) | 2.80% | 01/25/52 | 605,147 | ||||
45,269,136 | ||||||||
Chemicals – 0.4% | ||||||||
250,000 | Dow Chemical (The) Co. | 2.10% | 11/15/30 | 191,789 | ||||
250,000 | Dow Chemical (The) Co. | 4.80% | 05/15/49 | 206,041 | ||||
1,000,000 | International Flavors & Fragrances, Inc. (b) | 1.23% | 10/01/25 | 877,205 | ||||
500,000 | International Flavors & Fragrances, Inc. (b) | 1.83% | 10/15/27 | 410,401 | ||||
500,000 | International Flavors & Fragrances, Inc. (b) | 2.30% | 11/01/30 | 384,156 | ||||
500,000 | International Flavors & Fragrances, Inc. (b) | 3.27% | 11/15/40 | 346,207 | ||||
500,000 | International Flavors & Fragrances, Inc. (b) | 3.47% | 12/01/50 | 326,423 | ||||
500,000 | Sherwin-Williams (The) Co. | 2.90% | 03/15/52 | 301,322 | ||||
3,043,544 | ||||||||
Consumer Finance – 1.2% | ||||||||
2,800,000 | American Express Co. | 3.95% | 08/01/25 | 2,713,540 | ||||
3,000,000 | American Express Co. (a) | 4.42% | 08/03/33 | 2,721,113 | ||||
250,000 | GE Capital Funding LLC | 4.55% | 05/15/32 | 231,874 | ||||
1,000,000 | General Motors Financial Co., Inc. | 1.50% | 06/10/26 | 850,476 | ||||
1,500,000 | General Motors Financial Co., Inc. | 2.40% | 04/10/28 | 1,202,430 | ||||
2,000,000 | General Motors Financial Co., Inc. | 2.40% | 10/15/28 | 1,583,408 | ||||
1,500,000 | General Motors Financial Co., Inc. | 3.10% | 01/12/32 | 1,132,821 | ||||
10,435,662 | ||||||||
Diversified Telecommunication Services – 1.8% | ||||||||
3,000,000 | AT&T, Inc. | 1.70% | 03/25/26 | 2,660,793 | ||||
500,000 | AT&T, Inc. | 2.30% | 06/01/27 | 437,953 | ||||
500,000 | AT&T, Inc. | 1.65% | 02/01/28 | 411,796 | ||||
462,000 | AT&T, Inc. | 4.30% | 02/15/30 | 421,896 | ||||
500,000 | AT&T, Inc. | 2.75% | 06/01/31 | 400,868 | ||||
500,000 | AT&T, Inc. | 2.25% | 02/01/32 | 378,543 | ||||
1,392,000 | AT&T, Inc. | 2.55% | 12/01/33 | 1,031,325 | ||||
1,186,000 | AT&T, Inc. | 3.50% | 09/15/53 | 789,361 | ||||
504,000 | AT&T, Inc. | 3.55% | 09/15/55 | 331,634 | ||||
1,044,000 | AT&T, Inc. | 3.65% | 09/15/59 | 678,696 | ||||
1,500,000 | Verizon Communications, Inc. | 1.45% | 03/20/26 | 1,323,840 | ||||
500,000 | Verizon Communications, Inc. | 2.10% | 03/22/28 | 422,290 | ||||
1,119,000 | Verizon Communications, Inc. | 4.02% | 12/03/29 | 1,015,841 | ||||
500,000 | Verizon Communications, Inc. | 1.75% | 01/20/31 | 375,631 | ||||
500,000 | Verizon Communications, Inc. | 2.55% | 03/21/31 | 400,159 | ||||
2,003,000 | Verizon Communications, Inc. | 2.36% | 03/15/32 | 1,537,178 | ||||
500,000 | Verizon Communications, Inc. | 2.65% | 11/20/40 | 327,102 | ||||
500,000 | Verizon Communications, Inc. | 3.40% | 03/22/41 | 366,315 | ||||
500,000 | Verizon Communications, Inc. | 2.88% | 11/20/50 | 307,149 | ||||
1,000,000 | Verizon Communications, Inc. | 3.55% | 03/22/51 | 705,482 | ||||
1,000,000 | Verizon Communications, Inc. | 3.88% | 03/01/52 | 736,848 | ||||
15,060,700 | ||||||||
Electric Utilities – 7.4% | ||||||||
500,000 | AEP Texas, Inc. | 4.70% | 05/15/32 | 459,306 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Electric Utilities (Continued) | ||||||||
$1,000,000 | AEP Texas, Inc. | 3.45% | 05/15/51 | $687,879 | ||||
500,000 | AEP Texas, Inc. | 5.25% | 05/15/52 | 458,529 | ||||
250,000 | AEP Transmission Co., LLC | 4.00% | 12/01/46 | 196,845 | ||||
900,000 | AEP Transmission Co., LLC | 4.25% | 09/15/48 | 737,440 | ||||
2,000,000 | AEP Transmission Co., LLC | 2.75% | 08/15/51 | 1,254,876 | ||||
1,980,000 | Alabama Power Co. | 3.75% | 09/01/27 | 1,871,440 | ||||
500,000 | Alabama Power Co. | 3.45% | 10/01/49 | 355,523 | ||||
1,000,000 | Alabama Power Co. | 3.13% | 07/15/51 | 671,284 | ||||
1,282,000 | American Electric Power Co., Inc. | 2.03% | 03/15/24 | 1,228,056 | ||||
2,500,000 | American Electric Power Co., Inc. | 1.00% | 11/01/25 | 2,193,455 | ||||
724,000 | American Transmission Systems, Inc. (b) | 2.65% | 01/15/32 | 569,179 | ||||
1,000,000 | Appalachian Power Co. | 2.70% | 04/01/31 | 800,244 | ||||
2,000,000 | Appalachian Power Co. | 4.50% | 08/01/32 | 1,801,354 | ||||
250,000 | Baltimore Gas & Electric Co. | 3.20% | 09/15/49 | 173,258 | ||||
250,000 | Baltimore Gas & Electric Co. | 2.90% | 06/15/50 | 163,235 | ||||
1,500,000 | CenterPoint Energy Houston Electric LLC | 4.45% | 10/01/32 | 1,422,676 | ||||
1,500,000 | CenterPoint Energy Houston Electric LLC | 4.85% | 10/01/52 | 1,382,422 | ||||
1,000,000 | Commonwealth Edison Co. | 2.55% | 06/15/26 | 923,299 | ||||
500,000 | Commonwealth Edison Co. | 4.00% | 03/01/49 | 399,934 | ||||
500,000 | Duke Energy Carolinas LLC | 2.85% | 03/15/32 | 414,637 | ||||
500,000 | Duke Energy Carolinas LLC | 3.55% | 03/15/52 | 365,555 | ||||
500,000 | Duke Energy Corp. | 4.30% | 03/15/28 | 471,557 | ||||
750,000 | Duke Energy Corp. | 2.55% | 06/15/31 | 587,938 | ||||
1,000,000 | Duke Energy Corp. | 4.50% | 08/15/32 | 905,250 | ||||
2,500,000 | Duke Energy Corp. | 3.30% | 06/15/41 | 1,748,256 | ||||
2,000,000 | Duke Energy Corp. | 3.50% | 06/15/51 | 1,349,750 | ||||
2,500,000 | Duke Energy Corp. | 5.00% | 08/15/52 | 2,121,558 | ||||
1,000,000 | Duke Energy Progress LLC | 4.00% | 04/01/52 | 786,375 | ||||
2,000,000 | Exelon Corp. (b) | 2.75% | 03/15/27 | 1,800,429 | ||||
1,000,000 | Exelon Corp. (b) | 3.35% | 03/15/32 | 840,559 | ||||
1,500,000 | Exelon Corp. (b) | 4.10% | 03/15/52 | 1,161,712 | ||||
2,900,000 | FirstEnergy Transmission LLC (b) | 4.35% | 01/15/25 | 2,799,352 | ||||
500,000 | Indiana Michigan Power Co. | 3.75% | 07/01/47 | 369,933 | ||||
250,000 | Indiana Michigan Power Co. | 4.25% | 08/15/48 | 199,627 | ||||
500,000 | Indiana Michigan Power Co. | 3.25% | 05/01/51 | 335,295 | ||||
500,000 | NextEra Energy Capital Holdings, Inc. | 4.20% | 06/20/24 | 494,159 | ||||
3,000,000 | NextEra Energy Capital Holdings, Inc. | 4.26% | 09/01/24 | 2,959,773 | ||||
1,500,000 | NextEra Energy Capital Holdings, Inc. | 4.45% | 06/20/25 | 1,475,781 | ||||
5,000,000 | NextEra Energy Capital Holdings, Inc. | 4.63% | 07/15/27 | 4,842,502 | ||||
2,000,000 | Ohio Edison Co. (b) | 5.50% | 01/15/33 | 1,972,793 | ||||
2,500,000 | Ohio Power Co. | 2.90% | 10/01/51 | 1,568,607 | ||||
1,000,000 | Pacific Gas and Electric Co. | 1.70% | 11/15/23 | 959,652 | ||||
1,000,000 | Pacific Gas and Electric Co. | 4.95% | 06/08/25 | 972,010 | ||||
1,000,000 | Pacific Gas and Electric Co. | 5.45% | 06/15/27 | 943,881 | ||||
1,000,000 | Pacific Gas and Electric Co. | 3.00% | 06/15/28 | 826,027 | ||||
500,000 | Pacific Gas and Electric Co. | 3.25% | 06/01/31 | 381,940 | ||||
500,000 | PECO Energy Co. | 3.90% | 03/01/48 | 395,564 | ||||
4,000,000 | PECO Energy Co. | 4.38% | 08/15/52 | 3,406,483 | ||||
1,000,000 | Southern (The) Co. | 4.48% | 08/01/24 | 988,519 | ||||
1,000,000 | Southern (The) Co. | 5.11% | 08/01/27 | 975,549 | ||||
500,000 | Southern California Edison Co. | 2.50% | 06/01/31 | 395,277 | ||||
1,500,000 | Southern California Edison Co. | 2.75% | 02/01/32 | 1,189,797 | ||||
500,000 | Southern California Edison Co. | 3.65% | 06/01/51 | 349,392 | ||||
1,500,000 | Southern California Edison Co. | 3.45% | 02/01/52 | 1,003,330 | ||||
500,000 | Southwestern Electric Power Co. | 2.75% | 10/01/26 | 453,605 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Electric Utilities (Continued) | ||||||||
$500,000 | Virginia Electric & Power Co. | 3.75% | 05/15/27 | $472,836 | ||||
475,000 | Virginia Electric & Power Co. | 4.45% | 02/15/44 | 400,134 | ||||
1,000,000 | Virginia Electric & Power Co. | 4.00% | 11/15/46 | 796,328 | ||||
250,000 | Virginia Electric & Power Co. | 3.80% | 09/15/47 | 191,339 | ||||
500,000 | Virginia Electric & Power Co. | 4.60% | 12/01/48 | 433,720 | ||||
500,000 | Virginia Electric & Power Co. | 4.63% | 05/15/52 | 434,369 | ||||
63,291,384 | ||||||||
Entertainment – 0.2% | ||||||||
500,000 | WarnerMedia Holdings, Inc. (b) | 3.76% | 03/15/27 | 448,169 | ||||
500,000 | WarnerMedia Holdings, Inc. (b) | 4.28% | 03/15/32 | 411,905 | ||||
1,000,000 | WarnerMedia Holdings, Inc. (b) | 5.14% | 03/15/52 | 727,454 | ||||
1,587,528 | ||||||||
Equity Real Estate Investment Trusts – 0.1% | ||||||||
500,000 | Crown Castle International Corp. | 1.05% | 07/15/26 | 423,116 | ||||
500,000 | Crown Castle International Corp. | 2.10% | 04/01/31 | 375,319 | ||||
798,435 | ||||||||
Gas Utilities – 0.0% | ||||||||
500,000 | Southern Co. Gas Capital Corp. | 4.40% | 05/30/47 | 394,783 | ||||
Health Care Equipment & Supplies – 0.3% | ||||||||
500,000 | Baxter International, Inc. | 1.92% | 02/01/27 | 435,848 | ||||
1,000,000 | Baxter International, Inc. | 2.27% | 12/01/28 | 827,155 | ||||
1,000,000 | Baxter International, Inc. | 2.54% | 02/01/32 | 778,710 | ||||
1,000,000 | Baxter International, Inc. | 3.13% | 12/01/51 | 641,021 | ||||
2,682,734 | ||||||||
Health Care Providers & Services – 2.3% | ||||||||
1,143,000 | Centene Corp. | 4.25% | 12/15/27 | 1,045,788 | ||||
2,000,000 | Centene Corp. | 2.45% | 07/15/28 | 1,631,720 | ||||
1,000,000 | Centene Corp. | 2.50% | 03/01/31 | 756,439 | ||||
1,750,000 | CVS Health Corp. | 2.63% | 08/15/24 | 1,680,672 | ||||
1,000,000 | CVS Health Corp. | 4.10% | 03/25/25 | 979,636 | ||||
1,000,000 | CVS Health Corp. | 3.88% | 07/20/25 | 970,722 | ||||
1,500,000 | CVS Health Corp. | 1.30% | 08/21/27 | 1,252,189 | ||||
800,000 | CVS Health Corp. | 1.75% | 08/21/30 | 610,925 | ||||
500,000 | CVS Health Corp. | 1.88% | 02/28/31 | 381,564 | ||||
2,500,000 | CVS Health Corp. | 2.13% | 09/15/31 | 1,916,352 | ||||
500,000 | CVS Health Corp. | 2.70% | 08/21/40 | 329,398 | ||||
1,250,000 | CVS Health Corp. | 5.05% | 03/25/48 | 1,099,560 | ||||
500,000 | Elevance Health, Inc. | 2.55% | 03/15/31 | 403,743 | ||||
500,000 | Elevance Health, Inc. | 4.10% | 05/15/32 | 452,240 | ||||
1,000,000 | Elevance Health, Inc. | 3.60% | 03/15/51 | 715,946 | ||||
500,000 | Elevance Health, Inc. | 4.55% | 05/15/52 | 423,408 | ||||
1,000,000 | HCA, Inc. | 2.38% | 07/15/31 | 740,915 | ||||
2,500,000 | HCA, Inc. | 3.50% | 07/15/51 | 1,553,259 | ||||
1,000,000 | UnitedHealth Group, Inc. | 3.75% | 07/15/25 | 973,050 | ||||
1,000,000 | Universal Health Services, Inc. (b) | 1.65% | 09/01/26 | 839,542 | ||||
500,000 | Universal Health Services, Inc. (b) | 2.65% | 10/15/30 | 370,473 | ||||
1,000,000 | Universal Health Services, Inc. (b) | 2.65% | 01/15/32 | 707,873 | ||||
19,835,414 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Insurance – 0.1% | ||||||||
$750,000 | Brown & Brown, Inc. | 2.38% | 03/15/31 | $560,904 | ||||
IT Services – 0.3% | ||||||||
1,000,000 | CDW LLC/CDW Finance Corp. | 2.67% | 12/01/26 | 868,953 | ||||
1,000,000 | Fiserv, Inc. | 3.20% | 07/01/26 | 921,513 | ||||
500,000 | Fiserv, Inc. | 3.50% | 07/01/29 | 435,391 | ||||
250,000 | Fiserv, Inc. | 2.65% | 06/01/30 | 202,554 | ||||
500,000 | Fiserv, Inc. | 4.40% | 07/01/49 | 389,022 | ||||
2,817,433 | ||||||||
Life Sciences Tools & Services – 0.3% | ||||||||
1,000,000 | PerkinElmer, Inc. | 1.90% | 09/15/28 | 804,903 | ||||
500,000 | PerkinElmer, Inc. | 2.25% | 09/15/31 | 376,508 | ||||
2,000,000 | Thermo Fisher Scientific, Inc. | 2.80% | 10/15/41 | 1,404,265 | ||||
2,585,676 | ||||||||
Media – 1.2% | ||||||||
2,500,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 2.25% | 01/15/29 | 1,953,907 | ||||
500,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 2.30% | 02/01/32 | 357,658 | ||||
1,000,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 3.50% | 06/01/41 | 641,224 | ||||
2,500,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 3.50% | 03/01/42 | 1,583,542 | ||||
500,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 4.80% | 03/01/50 | 362,031 | ||||
1,000,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 3.70% | 04/01/51 | 608,710 | ||||
2,000,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 3.90% | 06/01/52 | 1,243,146 | ||||
1,000,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 4.40% | 12/01/61 | 639,627 | ||||
500,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 5.50% | 04/01/63 | 379,084 | ||||
500,000 | Comcast Corp. | 3.25% | 11/01/39 | 368,470 | ||||
1,000,000 | Comcast Corp. | 3.75% | 04/01/40 | 788,811 | ||||
500,000 | Comcast Corp. | 4.00% | 08/15/47 | 388,374 | ||||
500,000 | Comcast Corp. | 3.45% | 02/01/50 | 350,694 | ||||
543,000 | Comcast Corp. | 2.94% | 11/01/56 | 325,113 | ||||
9,990,391 | ||||||||
Multi-Utilities – 1.2% | ||||||||
1,000,000 | CenterPoint Energy Resources Corp. | 4.40% | 07/01/32 | 930,985 | ||||
1,000,000 | CenterPoint Energy, Inc. | 1.45% | 06/01/26 | 876,819 | ||||
1,000,000 | CenterPoint Energy, Inc. | 2.65% | 06/01/31 | 799,836 | ||||
1,600,000 | Dominion Energy South Carolina, Inc. | 2.30% | 12/01/31 | 1,262,112 | ||||
1,185,000 | Dominion Energy, Inc. | 3.07% | 08/15/24 | 1,142,111 | ||||
2,500,000 | Dominion Energy, Inc. | 1.45% | 04/15/26 | 2,198,743 | ||||
2,500,000 | Dominion Energy, Inc. | 3.30% | 04/15/41 | 1,808,602 | ||||
495,000 | Dominion Energy, Inc. | 4.70% | 12/01/44 | 418,837 | ||||
425,000 | WEC Energy Group, Inc. | 5.00% | 09/27/25 | 423,842 | ||||
500,000 | WEC Energy Group, Inc. | 5.15% | 10/01/27 | 496,306 | ||||
10,358,193 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Oil, Gas & Consumable Fuels – 2.9% | ||||||||
$1,000,000 | BP Capital Markets America, Inc. | 3.80% | 09/21/25 | $975,065 | ||||
500,000 | BP Capital Markets America, Inc. | 3.41% | 02/11/26 | 475,700 | ||||
500,000 | BP Capital Markets America, Inc. | 3.94% | 09/21/28 | 464,224 | ||||
500,000 | BP Capital Markets America, Inc. | 1.75% | 08/10/30 | 389,200 | ||||
2,500,000 | BP Capital Markets America, Inc. | 2.72% | 01/12/32 | 2,032,264 | ||||
1,000,000 | BP Capital Markets America, Inc. | 3.06% | 06/17/41 | 715,675 | ||||
1,000,000 | BP Capital Markets America, Inc. | 3.00% | 03/17/52 | 643,521 | ||||
1,500,000 | ConocoPhillips Co. | 3.80% | 03/15/52 | 1,151,255 | ||||
500,000 | Diamondback Energy, Inc. | 3.50% | 12/01/29 | 432,081 | ||||
1,000,000 | Diamondback Energy, Inc. | 3.13% | 03/24/31 | 812,268 | ||||
2,151,000 | Energy Transfer L.P. | 4.50% | 04/15/24 | 2,119,098 | ||||
663,000 | Energy Transfer L.P. | 3.90% | 05/15/24 | 647,032 | ||||
250,000 | Energy Transfer L.P. | 4.20% | 04/15/27 | 231,655 | ||||
1,250,000 | Energy Transfer L.P. | 5.25% | 04/15/29 | 1,176,921 | ||||
250,000 | Energy Transfer L.P. | 5.30% | 04/15/47 | 200,140 | ||||
250,000 | Energy Transfer L.P. | 6.00% | 06/15/48 | 216,745 | ||||
2,250,000 | Energy Transfer L.P. | 6.25% | 04/15/49 | 2,021,683 | ||||
500,000 | Energy Transfer LP | 4.00% | 10/01/27 | 454,461 | ||||
500,000 | Energy Transfer LP | 5.40% | 10/01/47 | 406,096 | ||||
500,000 | Pioneer Natural Resources Co. | 1.13% | 01/15/26 | 437,813 | ||||
500,000 | Pioneer Natural Resources Co. | 1.90% | 08/15/30 | 382,850 | ||||
500,000 | Pioneer Natural Resources Co. | 2.15% | 01/15/31 | 385,839 | ||||
250,000 | Plains All American Pipeline L.P./PAA Finance Corp. | 3.80% | 09/15/30 | 209,814 | ||||
1,000,000 | Plains All American Pipeline L.P./PAA Finance Corp. | 4.90% | 02/15/45 | 735,891 | ||||
500,000 | Sabine Pass Liquefaction LLC | 5.00% | 03/15/27 | 480,183 | ||||
250,000 | Sabine Pass Liquefaction LLC | 4.20% | 03/15/28 | 228,529 | ||||
1,500,000 | Targa Resources Corp. | 5.20% | 07/01/27 | 1,446,123 | ||||
200,000 | Targa Resources Corp. | 4.20% | 02/01/33 | 166,797 | ||||
500,000 | Targa Resources Corp. | 4.95% | 04/15/52 | 386,014 | ||||
1,500,000 | Targa Resources Corp. | 6.25% | 07/01/52 | 1,366,913 | ||||
250,000 | Williams (The) Cos., Inc. | 3.50% | 11/15/30 | 212,557 | ||||
1,000,000 | Williams (The) Cos., Inc. | 2.60% | 03/15/31 | 785,317 | ||||
625,000 | Williams (The) Cos., Inc. | 4.90% | 01/15/45 | 512,490 | ||||
270,000 | Williams (The) Cos., Inc. | 5.10% | 09/15/45 | 229,432 | ||||
1,000,000 | Williams (The) Cos., Inc. | 4.85% | 03/01/48 | 824,640 | ||||
500,000 | Williams Cos (The), Inc. | 3.50% | 10/15/51 | 333,560 | ||||
24,689,846 | ||||||||
Pharmaceuticals – 0.5% | ||||||||
500,000 | Astrazeneca Finance LLC | 1.75% | 05/28/28 | 421,061 | ||||
1,000,000 | Astrazeneca Finance LLC | 2.25% | 05/28/31 | 813,807 | ||||
500,000 | Utah Acquisition Sub., Inc. | 3.95% | 06/15/26 | 456,600 | ||||
2,000,000 | Viatris, Inc. | 1.65% | 06/22/25 | 1,780,496 | ||||
750,000 | Viatris, Inc. | 2.70% | 06/22/30 | 557,979 | ||||
4,029,943 | ||||||||
Road & Rail – 0.6% | ||||||||
3,000,000 | CSX Corp. | 4.10% | 11/15/32 | 2,725,018 | ||||
1,500,000 | CSX Corp. | 4.50% | 11/15/52 | 1,262,104 | ||||
1,500,000 | Norfolk Southern Corp. | 4.55% | 06/01/53 | 1,259,726 | ||||
5,246,848 | ||||||||
Semiconductors & Semiconductor Equipment – 0.7% | ||||||||
500,000 | Broadcom, Inc. (b) | 1.95% | 02/15/28 | 410,711 | ||||
107,000 | Broadcom, Inc. | 4.15% | 11/15/30 | 92,732 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Semiconductors & Semiconductor Equipment (Continued) | ||||||||
$500,000 | Broadcom, Inc. (b) | 2.45% | 02/15/31 | $377,321 | ||||
250,000 | Broadcom, Inc. | 4.30% | 11/15/32 | 210,303 | ||||
250,000 | Broadcom, Inc. (b) | 2.60% | 02/15/33 | 178,869 | ||||
383,000 | Broadcom, Inc. (b) | 3.42% | 04/15/33 | 292,883 | ||||
500,000 | Broadcom, Inc. (b) | 3.47% | 04/15/34 | 375,837 | ||||
642,000 | Broadcom, Inc. (b) | 4.93% | 05/15/37 | 530,269 | ||||
500,000 | Broadcom, Inc. (b) | 3.50% | 02/15/41 | 338,380 | ||||
500,000 | Broadcom, Inc. (b) | 3.75% | 02/15/51 | 329,006 | ||||
2,000,000 | Dell International LLC/EMC Corp. (b) | 3.38% | 12/15/41 | 1,236,418 | ||||
2,000,000 | Dell International LLC/EMC Corp. (b) | 3.45% | 12/15/51 | 1,141,850 | ||||
5,514,579 | ||||||||
Software – 1.2% | ||||||||
1,000,000 | Fortinet, Inc. | 1.00% | 03/15/26 | 862,364 | ||||
1,000,000 | Fortinet, Inc. | 2.20% | 03/15/31 | 759,476 | ||||
1,000,000 | Oracle Corp. | 2.50% | 04/01/25 | 932,822 | ||||
1,900,000 | Oracle Corp. | 5.38% | 07/15/40 | 1,588,042 | ||||
500,000 | Oracle Corp. | 3.65% | 03/25/41 | 340,638 | ||||
500,000 | Oracle Corp. | 3.60% | 04/01/50 | 313,854 | ||||
500,000 | Oracle Corp. | 3.95% | 03/25/51 | 332,598 | ||||
2,500,000 | salesforce.com, Inc. | 3.70% | 04/11/28 | 2,370,767 | ||||
1,250,000 | salesforce.com, Inc. | 2.70% | 07/15/41 | 863,808 | ||||
500,000 | VMware, Inc. | 1.40% | 08/15/26 | 428,393 | ||||
500,000 | VMware, Inc. | 1.80% | 08/15/28 | 397,063 | ||||
1,000,000 | VMware, Inc. | 2.20% | 08/15/31 | 729,057 | ||||
500,000 | Workday, Inc. | 3.80% | 04/01/32 | 435,066 | ||||
10,353,948 | ||||||||
Specialty Retail – 0.1% | ||||||||
500,000 | Advance Auto Parts, Inc. | 3.50% | 03/15/32 | 400,019 | ||||
500,000 | O’Reilly Automotive, Inc. | 4.70% | 06/15/32 | 468,895 | ||||
868,914 | ||||||||
Wireless Telecommunication Services – 1.3% | ||||||||
2,500,000 | T-Mobile USA, Inc. | 3.50% | 04/15/25 | 2,392,011 | ||||
1,000,000 | T-Mobile USA, Inc. | 1.50% | 02/15/26 | 879,113 | ||||
500,000 | T-Mobile USA, Inc. | 3.75% | 04/15/27 | 462,311 | ||||
750,000 | T-Mobile USA, Inc. | 2.05% | 02/15/28 | 622,996 | ||||
750,000 | T-Mobile USA, Inc. | 2.55% | 02/15/31 | 594,622 | ||||
500,000 | T-Mobile USA, Inc. | 2.25% | 11/15/31 | 377,521 | ||||
1,500,000 | T-Mobile USA, Inc. | 5.20% | 01/15/33 | 1,435,753 | ||||
1,500,000 | T-Mobile USA, Inc. | 3.00% | 02/15/41 | 1,005,167 | ||||
1,000,000 | T-Mobile USA, Inc. | 3.30% | 02/15/51 | 653,391 | ||||
1,500,000 | T-Mobile USA, Inc. | 5.65% | 01/15/53 | 1,418,585 | ||||
1,000,000 | T-Mobile USA, Inc. | 5.80% | 09/15/62 | 924,637 | ||||
10,766,107 | ||||||||
Total Corporate Bonds and Notes | 343,053,746 | |||||||
(Cost $412,605,703) | ||||||||
U.S. GOVERNMENT BONDS AND NOTES – 5.2% | ||||||||
6,630,000 | U.S. Treasury Bond | 3.38% | 08/15/42 | 6,008,438 | ||||
2,310,000 | U.S. Treasury Bond | 2.88% | 05/15/52 | 1,938,234 | ||||
1,750,000 | U.S. Treasury Note (c) | 0.13% | 06/30/23 | 1,699,066 | ||||
8,585,000 | U.S. Treasury Note | 3.25% | 08/31/24 | 8,433,086 | ||||
1,245,000 | U.S. Treasury Note | 4.25% | 09/30/24 | 1,246,070 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
U.S. GOVERNMENT BONDS AND NOTES (Continued) | ||||||||
$6,770,000 | U.S. Treasury Note | 3.50% | 09/15/25 | $6,633,542 | ||||
10,400,000 | U.S. Treasury Note | 3.13% | 08/31/27 | 9,982,375 | ||||
885,000 | U.S. Treasury Note | 4.13% | 09/30/27 | 888,457 | ||||
2,885,000 | U.S. Treasury Note | 3.13% | 08/31/29 | 2,739,848 | ||||
725,000 | U.S. Treasury Note | 3.88% | 09/30/29 | 722,111 | ||||
4,434,000 | U.S. Treasury Note | 2.75% | 08/15/32 | 4,052,953 | ||||
Total U.S. Government Bonds and Notes | 44,344,180 | |||||||
(Cost $45,020,439) | ||||||||
FOREIGN CORPORATE BONDS AND NOTES – 2.4% | ||||||||
Banks – 0.8% | ||||||||
1,500,000 | Barclays PLC (a) | 1.01% | 12/10/24 | 1,412,758 | ||||
500,000 | Barclays PLC (a) | 3.81% | 03/10/42 | 310,413 | ||||
500,000 | BNP Paribas S.A. (a) (b) | 3.05% | 01/13/31 | 398,152 | ||||
1,000,000 | BNP Paribas S.A. (a) (b) | 2.87% | 04/19/32 | 757,296 | ||||
2,000,000 | Toronto-Dominion (The) Bank | 4.69% | 09/15/27 | 1,932,128 | ||||
500,000 | UBS Group AG (a) (b) | 1.36% | 01/30/27 | 428,131 | ||||
1,250,000 | UBS Group AG (a) (b) | 1.49% | 08/10/27 | 1,052,012 | ||||
1,000,000 | UBS Group AG (a) (b) | 2.10% | 02/11/32 | 726,615 | ||||
7,017,505 | ||||||||
Biotechnology – 0.1% | ||||||||
500,000 | CSL Finance PLC (b) | 4.75% | 04/27/52 | 431,944 | ||||
Commercial Services & Supplies – 0.1% | ||||||||
1,000,000 | Waste Connections, Inc. | 3.20% | 06/01/32 | 838,395 | ||||
Diversified Financial Services – 0.1% | ||||||||
541,000 | GE Capital International Funding Co. Unlimited Co. | 4.42% | 11/15/35 | 486,298 | ||||
Oil, Gas & Consumable Fuels – 0.7% | ||||||||
500,000 | Canadian Natural Resources Ltd. | 2.05% | 07/15/25 | 456,419 | ||||
500,000 | Canadian Natural Resources Ltd. | 3.85% | 06/01/27 | 461,542 | ||||
500,000 | Canadian Natural Resources Ltd. | 2.95% | 07/15/30 | 411,898 | ||||
500,000 | Canadian Natural Resources Ltd. | 6.25% | 03/15/38 | 483,580 | ||||
1,000,000 | Enbridge, Inc. | 1.60% | 10/04/26 | 864,401 | ||||
1,000,000 | Enbridge, Inc. | 2.50% | 08/01/33 | 750,323 | ||||
2,000,000 | Enbridge, Inc. | 3.40% | 08/01/51 | 1,346,371 | ||||
2,000,000 | TransCanada PipeLines Ltd. | 2.50% | 10/12/31 | 1,533,425 | ||||
6,307,959 | ||||||||
Pharmaceuticals – 0.2% | ||||||||
1,000,000 | AstraZeneca PLC | 3.00% | 05/28/51 | 693,130 | ||||
1,500,000 | Royalty Pharma PLC | 2.15% | 09/02/31 | 1,105,932 | ||||
1,799,062 | ||||||||
Road & Rail – 0.4% | ||||||||
1,000,000 | Canadian National Railway Co. | 3.85% | 08/05/32 | 913,157 | ||||
1,000,000 | Canadian Pacific Railway Co. | 1.75% | 12/02/26 | 876,938 | ||||
1,000,000 | Canadian Pacific Railway Co. | 2.45% | 12/02/31 | 801,236 | ||||
500,000 | Canadian Pacific Railway Co. | 3.00% | 12/02/41 | 355,724 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
FOREIGN CORPORATE BONDS AND NOTES (Continued) | ||||||||
Road & Rail (Continued) | ||||||||
$500,000 | Canadian Pacific Railway Co. | 3.10% | 12/02/51 | $329,720 | ||||
3,276,775 | ||||||||
Total Foreign Corporate Bonds and Notes | 20,157,938 | |||||||
(Cost $24,889,269) | ||||||||
Total Investments – 99.1% | 843,847,373 | |||||||
(Cost $923,537,208) |
Net Other Assets and Liabilities – 0.9% | 7,309,880 | ||
Net Assets – 100.0% | $851,157,253 |
Futures Contracts | Position | Number of Contracts | Expiration Date | Notional Value | Unrealized Appreciation (Depreciation)/ Value | |||||
U.S. Treasury 5-Year Notes | Short | 100 | Dec 2022 | $ (10,750,781) | $391,407 | |||||
U.S. Treasury Ultra 10-Year Notes | Short | 50 | Dec 2022 | (5,924,219) | 376,953 | |||||
U.S. Treasury Ultra Bonds | Short | 7 | Dec 2022 | (959,000) | 74,563 | |||||
$(17,634,000) | $842,923 |
(a) | Fixed-to-floating or fixed-to-variable rate security. The interest rate shown reflects the fixed rate in effect at September 30, 2022. At a predetermined date, the fixed rate will change to a floating rate or a variable rate. |
(b) | This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended, and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P., the Fund’s advisor. Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined based on security specific factors and assumptions, which require subjective judgment. At September 30, 2022, securities noted as such amounted to $23,999,526 or 2.8% of net assets. |
(c) | All or a portion of this security is segregated as collateral for open futures contracts. |
Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of September 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):
Total Value at 9/30/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 433,346,661 | $ 433,346,661 | $ — | $ — |
Real Estate Investment Trusts* | 2,944,848 | 2,944,848 | — | — |
Corporate Bonds and Notes* | 343,053,746 | — | 343,053,746 | — |
U.S. Government Bonds and Notes | 44,344,180 | — | 44,344,180 | — |
Foreign Corporate Bonds and Notes* | 20,157,938 | — | 20,157,938 | — |
Total Investments | 843,847,373 | 436,291,509 | 407,555,864 | — |
Futures Contracts | 842,923 | 842,923 | — | — |
Total | $ 844,690,296 | $ 437,134,432 | $ 407,555,864 | $— |
* | See Portfolio of Investments for industry breakout. |
First Trust Multi Income Allocation Portfolio
Portfolio of Investments
September 30, 2022 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS – 24.6% | ||||
Aerospace & Defense – 0.4% | ||||
271 | Northrop Grumman Corp. | $127,457 | ||
Banks – 1.6% | ||||
1,932 | JPMorgan Chase & Co. | 201,894 | ||
1,275 | M&T Bank Corp. | 224,808 | ||
3,316 | US Bancorp | 133,701 | ||
560,403 | ||||
Beverages – 0.3% | ||||
735 | PepsiCo, Inc. | 119,996 | ||
Biotechnology – 0.4% | ||||
934 | AbbVie, Inc. | 125,352 | ||
Capital Markets – 0.3% | ||||
1,371 | Intercontinental Exchange, Inc. | 123,870 | ||
Communications Equipment – 0.5% | ||||
735 | Motorola Solutions, Inc. | 164,618 | ||
Construction & Engineering – 0.5% | ||||
1,389 | Quanta Services, Inc. | 176,945 | ||
Containers & Packaging – 0.2% | ||||
600 | Packaging Corp. of America | 67,374 | ||
Electric Utilities – 2.1% | ||||
777 | Alliant Energy Corp. | 41,173 | ||
1,274 | American Electric Power Co., Inc. | 110,137 | ||
708 | Constellation Energy Corp. | 58,899 | ||
3,211 | Enel S.p.A., ADR | 13,037 | ||
1,074 | Exelon Corp. | 40,232 | ||
374 | Iberdrola S.A., ADR | 13,917 | ||
430 | IDACORP, Inc. | 42,574 | ||
1,101 | NextEra Energy, Inc. | 86,329 | ||
4,218 | OGE Energy Corp. | 153,788 | ||
2,717 | PPL Corp. | 68,876 | ||
1,034 | Southern (The) Co. | 70,312 | ||
640 | Xcel Energy, Inc. | 40,960 | ||
740,234 | ||||
Electrical Equipment – 0.3% | ||||
750 | Eaton Corp PLC | 100,020 | ||
Electronic Equipment, Instruments & Components – 0.2% | ||||
716 | TE Connectivity Ltd. | 79,018 | ||
Energy Equipment & Services – 0.4% | ||||
7,842 | Archrock, Inc. | 50,346 | ||
4,213 | Halliburton Co. | 103,724 | ||
154,070 | ||||
Food & Staples Retailing – 0.4% | ||||
983 | Walmart, Inc. | 127,495 | ||
Food Products – 0.3% | ||||
1,426 | Ingredion, Inc. | 114,822 | ||
Gas Utilities – 1.2% | ||||
10,129 | AltaGas Ltd. (CAD) | 193,950 |
First Trust Multi Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Gas Utilities (Continued) | ||||
532 | Atmos Energy Corp. | $54,184 | ||
1,789 | National Fuel Gas Co. | 110,113 | ||
702 | New Jersey Resources Corp. | 27,167 | ||
772 | ONE Gas, Inc. | 54,341 | ||
439,755 | ||||
Health Care Equipment & Supplies – 0.8% | ||||
1,295 | Abbott Laboratories | 125,304 | ||
1,518 | Medtronic PLC | 122,579 | ||
329 | STERIS PLC | 54,706 | ||
302,589 | ||||
Health Care Providers & Services – 1.5% | ||||
859 | AmerisourceBergen Corp. | 116,248 | ||
2,108 | CVS Health Corp. | 201,040 | ||
398 | UnitedHealth Group, Inc. | 201,006 | ||
518,294 | ||||
Hotels, Restaurants & Leisure – 0.7% | ||||
1,020 | Darden Restaurants, Inc. | 128,846 | ||
1,577 | Starbucks Corp. | 132,878 | ||
261,724 | ||||
Independent Power & Renewable Electricity Producers – 0.4% | ||||
703 | AES (The) Corp. | 15,888 | ||
4,096 | Clearway Energy, Inc., Class A | 119,193 | ||
135,081 | ||||
Industrial Conglomerates – 0.2% | ||||
352 | Honeywell International, Inc. | 58,773 | ||
IT Services – 0.9% | ||||
475 | Accenture PLC, Class A | 122,217 | ||
2,196 | Switch, Inc., Class A | 73,983 | ||
621 | Visa, Inc., Class A | 110,321 | ||
306,521 | ||||
Machinery – 0.2% | ||||
355 | Parker-Hannifin Corp. | 86,020 | ||
Media – 0.2% | ||||
3,015 | Comcast Corp., Class A | 88,430 | ||
Metals & Mining – 0.3% | ||||
2,217 | Newmont Corp. | 93,181 | ||
Multiline Retail – 0.4% | ||||
906 | Target Corp. | 134,441 | ||
Multi-Utilities – 1.6% | ||||
1,777 | Atco Ltd., Class I (CAD) | 54,609 | ||
2,002 | CenterPoint Energy, Inc. | 56,416 | ||
229 | CMS Energy Corp. | 13,337 | ||
4,708 | Public Service Enterprise Group, Inc. | 264,731 | ||
964 | Sempra Energy | 144,542 | ||
457 | WEC Energy Group, Inc. | 40,870 | ||
574,505 |
First Trust Multi Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Oil, Gas & Consumable Fuels – 5.4% | ||||
1,964 | Cheniere Energy, Inc. | $325,847 | ||
2,252 | ConocoPhillips | 230,470 | ||
4,628 | DT Midstream, Inc. | 240,147 | ||
2,873 | Enbridge, Inc. | 106,588 | ||
1,846 | EOG Resources, Inc. | 206,254 | ||
1,155 | Hess Corp. | 125,884 | ||
4,986 | Keyera Corp. (CAD) | 102,655 | ||
7,124 | Kinder Morgan, Inc. | 118,543 | ||
1,614 | ONEOK, Inc. | 82,701 | ||
1,877 | Targa Resources Corp. | 113,258 | ||
3,680 | TC Energy Corp. | 148,267 | ||
3,889 | Williams (The) Cos., Inc. | 111,342 | ||
1,911,956 | ||||
Pharmaceuticals – 0.6% | ||||
543 | Johnson & Johnson | 88,704 | ||
1,388 | Merck & Co., Inc. | 119,535 | ||
208,239 | ||||
Road & Rail – 0.3% | ||||
560 | Union Pacific Corp. | 109,099 | ||
Semiconductors & Semiconductor Equipment – 0.3% | ||||
242 | Broadcom, Inc. | 107,450 | ||
Software – 0.8% | ||||
785 | Microsoft Corp. | 182,827 | ||
1,805 | Oracle Corp. | 110,231 | ||
293,058 | ||||
Specialty Retail – 0.4% | ||||
2,491 | TJX (The) Cos., Inc. | 154,741 | ||
Technology Hardware, Storage & Peripherals – 0.3% | ||||
764 | Apple, Inc. | 105,585 | ||
Textiles, Apparel & Luxury Goods – 0.2% | ||||
816 | NIKE, Inc., Class B | 67,826 | ||
Total Common Stocks | 8,738,942 | |||
(Cost $8,139,466) | ||||
REAL ESTATE INVESTMENT TRUSTS – 12.0% | ||||
Health Care REITs – 1.8% | ||||
12,338 | Medical Properties Trust, Inc. | 146,329 | ||
12,885 | Sabra Health Care REIT, Inc. | 169,051 | ||
4,074 | Ventas, Inc. | 163,653 | ||
2,585 | Welltower, Inc. | 166,267 | ||
645,300 | ||||
Hotel & Resort REITs – 1.0% | ||||
12,843 | Apple Hospitality REIT, Inc. | 180,572 | ||
10,961 | Host Hotels & Resorts, Inc. | 174,061 | ||
354,633 | ||||
Industrial REITs – 0.9% | ||||
1,601 | Prologis, Inc. | 162,662 |
First Trust Multi Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Shares | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS (Continued) | ||||
Industrial REITs (Continued) | ||||
6,101 | STAG Industrial, Inc. | $173,451 | ||
336,113 | ||||
Residential REITs – 2.4% | ||||
970 | AvalonBay Communities, Inc. | 178,664 | ||
1,401 | Camden Property Trust | 167,349 | ||
5,295 | Invitation Homes, Inc. | 178,812 | ||
1,079 | Mid-America Apartment Communities, Inc. | 167,321 | ||
1,250 | Sun Communities, Inc. | 169,163 | ||
861,309 | ||||
Retail REITs – 1.9% | ||||
9,530 | Kimco Realty Corp. | 175,447 | ||
9,869 | Kite Realty Group Trust | 169,944 | ||
2,760 | Realty Income Corp. | 160,632 | ||
1,841 | Simon Property Group, Inc. | 165,230 | ||
671,253 | ||||
Specialized REITs – 4.0% | ||||
737 | American Tower Corp. | 158,234 | ||
1,107 | Extra Space Storage, Inc. | 191,190 | ||
4,108 | Gaming and Leisure Properties, Inc. | 181,738 | ||
1,687 | Life Storage, Inc. | 186,852 | ||
603 | Public Storage | 176,565 | ||
589 | SBA Communications Corp. | 167,659 | ||
6,324 | VICI Properties, Inc. | 188,771 | ||
5,688 | Weyerhaeuser Co. | 162,449 | ||
1,413,458 | ||||
Total Real Estate Investment Trusts | 4,282,066 | |||
(Cost $4,732,338) | ||||
MASTER LIMITED PARTNERSHIPS – 7.0% | ||||
Chemicals – 0.3% | ||||
4,445 | Westlake Chemical Partners, L.P. | 95,567 | ||
Independent Power & Renewable Electricity Producers – 0.6% | ||||
3,161 | NextEra Energy Partners, L.P. (a) | 228,572 | ||
Oil, Gas & Consumable Fuels – 6.1% | ||||
5,319 | Cheniere Energy Partners, L.P. | 283,822 | ||
31,017 | Energy Transfer, L.P. | 342,118 | ||
19,355 | Enterprise Products Partners, L.P. | 460,262 | ||
5,488 | Hess Midstream, L.P., Class A (a) | 140,054 | ||
7,226 | Holly Energy Partners, L.P. | 118,579 | ||
9,136 | Magellan Midstream Partners, L.P. | 434,051 | ||
3,934 | MPLX, L.P. | 118,059 | ||
23,197 | Plains GP Holdings, L.P., Class A | 253,079 | ||
2,150,024 | ||||
Total Master Limited Partnerships | 2,474,163 | |||
(Cost $2,008,357) |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
U.S. GOVERNMENT BONDS AND NOTES – 6.8% | ||||||||
$39,466 | U.S. Treasury Inflation Indexed Bond (b) | 0.38% | 07/15/23 | 38,846 |
First Trust Multi Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
U.S. GOVERNMENT BONDS AND NOTES (Continued) | ||||||||
$87,614 | U.S. Treasury Inflation Indexed Bond (b) | 0.63% | 01/15/24 | $85,616 | ||||
54,038 | U.S. Treasury Inflation Indexed Bond (b) | 0.50% | 04/15/24 | 52,548 | ||||
81,354 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 07/15/24 | 78,593 | ||||
62,358 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 10/15/24 | 59,975 | ||||
137,597 | U.S. Treasury Inflation Indexed Bond (b) | 0.25% | 01/15/25 | 131,717 | ||||
7,859 | U.S. Treasury Inflation Indexed Bond (b) | 2.38% | 01/15/25 | 7,892 | ||||
65,380 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 04/15/25 | 62,055 | ||||
83,707 | U.S. Treasury Inflation Indexed Bond (b) | 0.38% | 07/15/25 | 80,048 | ||||
61,660 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 10/15/25 | 58,304 | ||||
89,776 | U.S. Treasury Inflation Indexed Bond (b) | 0.63% | 01/15/26 | 85,719 | ||||
44,036 | U.S. Treasury Inflation Indexed Bond (b) | 2.00% | 01/15/26 | 43,927 | ||||
66,655 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 04/15/26 | 62,271 | ||||
65,509 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 07/15/26 | 61,277 | ||||
68,307 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 10/15/26 | 63,658 | ||||
87,083 | U.S. Treasury Inflation Indexed Bond (b) | 0.38% | 01/15/27 | 81,492 | ||||
29,383 | U.S. Treasury Inflation Indexed Bond (b) | 2.38% | 01/15/27 | 29,871 | ||||
49,319 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 04/15/27 | 45,513 | ||||
77,516 | U.S. Treasury Inflation Indexed Bond (b) | 0.38% | 07/15/27 | 72,359 | ||||
86,481 | U.S. Treasury Inflation Indexed Bond (b) | 0.50% | 01/15/28 | 80,295 | ||||
41,013 | U.S. Treasury Inflation Indexed Bond (b) | 1.75% | 01/15/28 | 40,623 | ||||
25,645 | U.S. Treasury Inflation Indexed Bond (b) | 3.63% | 04/15/28 | 27,895 | ||||
68,457 | U.S. Treasury Inflation Indexed Bond (b) | 0.75% | 07/15/28 | 64,349 | ||||
75,095 | U.S. Treasury Inflation Indexed Bond (b) | 0.88% | 01/15/29 | 70,640 | ||||
19,319 | U.S. Treasury Inflation Indexed Bond (b) | 2.50% | 01/15/29 | 19,993 | ||||
28,836 | U.S. Treasury Inflation Indexed Bond (b) | 3.88% | 04/15/29 | 32,314 | ||||
101,927 | U.S. Treasury Inflation Indexed Bond (b) | 0.25% | 07/15/29 | 91,903 | ||||
74,851 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 01/15/30 | 66,207 | ||||
76,267 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 07/15/30 | 67,162 | ||||
77,394 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 01/15/31 | 67,576 | ||||
79,590 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 07/15/31 | 69,343 | ||||
84,436 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 01/15/32 | 72,987 | ||||
13,353 | U.S. Treasury Inflation Indexed Bond (b) | 3.38% | 04/15/32 | 15,210 | ||||
25,493 | U.S. Treasury Inflation Indexed Bond (b) | 0.63% | 07/15/32 | 23,128 | ||||
32,898 | U.S. Treasury Inflation Indexed Bond (b) | 2.13% | 02/15/40 | 34,179 | ||||
49,787 | U.S. Treasury Inflation Indexed Bond (b) | 2.13% | 02/15/41 | 51,283 | ||||
46,940 | U.S. Treasury Inflation Indexed Bond (b) | 0.75% | 02/15/42 | 37,679 | ||||
45,876 | U.S. Treasury Inflation Indexed Bond (b) | 0.63% | 02/15/43 | 35,209 | ||||
45,511 | U.S. Treasury Inflation Indexed Bond (b) | 1.38% | 02/15/44 | 40,419 | ||||
44,413 | U.S. Treasury Inflation Indexed Bond (b) | 0.75% | 02/15/45 | 34,169 | ||||
38,762 | U.S. Treasury Inflation Indexed Bond (b) | 1.00% | 02/15/46 | 31,354 | ||||
35,594 | U.S. Treasury Inflation Indexed Bond (b) | 0.88% | 02/15/47 | 27,842 | ||||
34,842 | U.S. Treasury Inflation Indexed Bond (b) | 1.00% | 02/15/48 | 28,166 | ||||
28,258 | U.S. Treasury Inflation Indexed Bond (b) | 1.00% | 02/15/49 | 22,949 | ||||
28,810 | U.S. Treasury Inflation Indexed Bond (b) | 0.25% | 02/15/50 | 18,833 | ||||
31,863 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 02/15/51 | 19,936 | ||||
31,929 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 02/15/52 | 20,124 | ||||
Total U.S. Government Bonds and Notes | 2,413,448 | |||||||
(Cost $2,788,211) | ||||||||
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES – 1.1% | ||||||||
Collateralized Mortgage Obligations – 0.7% | ||||||||
Fannie Mae REMICS | ||||||||
3 | Series 1993-1, Class KA | 7.90% | 01/01/23 | 3 | ||||
24 | Series 1993-119, Class H | 6.50% | 07/01/23 | 24 | ||||
222 | Series 1993-178, Class PK | 6.50% | 09/01/23 | 223 | ||||
47 | Series 1993-62, Class E | 7.00% | 04/01/23 | 47 |
First Trust Multi Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued) | ||||||||
Collateralized Mortgage Obligations (Continued) | ||||||||
Fannie Mae REMICS (Continued) | ||||||||
$58 | Series 1995-24, Class G | 6.50% | 04/01/23 | $58 | ||||
595 | Series 1999-56, Class Z | 7.00% | 12/01/29 | 615 | ||||
615 | Series 2002-67, Class PE | 5.50% | 11/01/32 | 628 | ||||
14,459 | Series 2002-9, Class MS, IO, 1 Mo. LIBOR x -1 + 8.10% (c) | 5.02% | 03/25/32 | 1,677 | ||||
2,593 | Series 2002-90, Class A1 | 6.50% | 06/01/42 | 2,707 | ||||
954 | Series 2003-14, Class AQ | 3.50% | 03/01/33 | 930 | ||||
1,261 | Series 2003-41, Class OA | 4.00% | 05/01/33 | 1,246 | ||||
19,493 | Series 2004-10, Class ZB | 6.00% | 02/01/34 | 20,026 | ||||
7,196 | Series 2005-79, Class NF, 1 Mo. LIBOR + 0.41% (d) | 3.49% | 09/25/35 | 7,145 | ||||
13,416 | Series 2007-10, Class Z | 6.00% | 02/01/37 | 13,846 | ||||
657 | Series 2012-35, Class PL | 2.00% | 11/01/41 | 599 | ||||
236 | Series 2013-14, Class QE | 1.75% | 03/01/43 | 203 | ||||
8,848 | Series 2013-31, Class NT | 3.00% | 04/01/43 | 8,298 | ||||
FHLMC-GNMA | ||||||||
2 | Series 1993-5, Class HA | 7.50% | 02/01/23 | 2 | ||||
76 | Series 1994-27, Class D | 7.00% | 03/01/24 | 77 | ||||
Freddie Mac REMICS | ||||||||
11 | Series 1992-1401, Class Q, 1 Mo. LIBOR + 0.60% (d) | 3.42% | 10/15/22 | 11 | ||||
790 | Series 1993-1487, Class P, IO, 1 Mo. LIBOR x -1 + 9.50% (c) | 6.68% | 03/15/23 | 7 | ||||
413 | Series 1994-1673, Class FB, 10 Yr. Constant Maturity Treasury Rate - 0.50% (d) | 2.37% | 02/01/24 | 411 | ||||
17 | Series 1996-1847, Class LL | 7.50% | 04/01/26 | 18 | ||||
4,407 | Series 1998-2033, Class IA, IO | 7.00% | 02/01/28 | 368 | ||||
1,337 | Series 1999-2130, Class KB | 6.38% | 03/01/29 | 1,376 | ||||
18,948 | Series 1999-2174, Class PN | 6.00% | 07/01/29 | 19,272 | ||||
2,320 | Series 2001-2277, Class B | 7.50% | 01/01/31 | 2,520 | ||||
21,319 | Series 2003-2647, Class LS, 1 Mo. LIBOR x -2.5 + 14.00% (c) | 7.59% | 07/01/33 | 19,378 | ||||
14,297 | Series 2004-2768, Class PW | 4.25% | 03/01/34 | 13,797 | ||||
2,000 | Series 2004-2778, Class MM | 5.25% | 04/01/34 | 2,021 | ||||
18,758 | Series 2006-3199, Class DS, IO, 1 Mo. LIBOR x -1 + 7.15% (c) | 4.33% | 08/15/36 | 1,600 | ||||
7,994 | Series 2010-3775, Class KZ | 4.00% | 08/01/25 | 7,652 | ||||
23,694 | Series 2013-4178, Class ZN | 3.50% | 03/01/43 | 19,580 | ||||
Government National Mortgage Association | ||||||||
16,097 | Series 2002-92, Class PB | 5.50% | 12/01/32 | 16,066 | ||||
37,250 | Series 2007-35, Class NE | 6.00% | 06/01/37 | 38,328 | ||||
346 | Series 2009-29, Class TA | 4.50% | 03/01/39 | 346 | ||||
49,000 | Series 2009-61, Class QE | 5.50% | 08/01/39 | 50,212 | ||||
2,874 | Series 2011-136, Class GB | 2.50% | 05/01/40 | 2,849 | ||||
254,166 | ||||||||
Pass-through Security – 0.4% | ||||||||
Federal Home Loan Mortgage Corporation | ||||||||
3,416 | Pool C01252 | 6.50% | 11/01/31 | 3,560 | ||||
20,307 | Pool G01731 | 6.50% | 12/01/29 | 20,964 | ||||
12,470 | Pool G06358 | 4.00% | 04/01/41 | 11,914 | ||||
Federal National Mortgage Association | ||||||||
7,266 | Pool 890383 | 4.00% | 01/01/42 | 6,935 | ||||
1 | Pool AD0659 | 6.00% | 02/01/23 | 1 | ||||
20 | Pool AE0050 | 5.50% | 12/01/22 | 20 | ||||
10,469 | Pool AL0791 | 4.00% | 02/01/41 | 9,992 | ||||
15,661 | Pool AU4289 | 4.00% | 09/01/43 | 14,841 | ||||
2,428 | Pool MA0561 | 4.00% | 11/01/40 | 2,318 | ||||
11,637 | Pool MA1028 | 4.00% | 04/01/42 | 11,106 |
First Trust Multi Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued) | ||||||||
Pass-through Security (Continued) | ||||||||
Government National Mortgage Association | ||||||||
$10,858 | Pool 667422 | 5.00% | 10/01/39 | $11,005 | ||||
5,900 | Pool 706201 | 5.50% | 04/01/39 | 5,980 | ||||
8,749 | Pool 736558 | 5.00% | 02/01/40 | 8,664 | ||||
11,601 | Pool 759248 | 4.00% | 02/01/41 | 11,015 | ||||
118,315 | ||||||||
Total U.S. Government Agency Mortgage-Backed Securities | 372,481 | |||||||
(Cost $408,998) | ||||||||
MORTGAGE-BACKED SECURITIES – 0.0% | ||||||||
Collateralized Mortgage Obligations – 0.0% | ||||||||
Credit Suisse First Boston Mortgage Securities Corp. | ||||||||
299 | Series 2004-6, Class 2A1 (e) | 4.75% | 09/25/19 | 0 | ||||
MASTR Alternative Loan Trust | ||||||||
601 | Series 2004-10, Class 2A1 | 5.50% | 10/01/19 | 536 | ||||
27 | Series 2005-1, Class 5A1 | 5.50% | 01/01/20 | 23 | ||||
MASTR Asset Securitization Trust | ||||||||
4,132 | Series 2004-1, Class 5A4 | 5.50% | 02/01/34 | 3,815 | ||||
Structured Asset Mortgage Investments Trust | ||||||||
3,307 | Series 1999-1, Class 2A (f) | 3.90% | 06/01/29 | 3,270 | ||||
Total Mortgage-Backed Securities | 7,644 | |||||||
(Cost $8,360) |
Shares | Description | Value | ||
EXCHANGE-TRADED FUNDS – 46.7% | ||||
123,329 | First Trust Institutional Preferred Securities and Income ETF (g) | 2,115,092 | ||
500 | First Trust Long Duration Opportunities ETF (g) | 11,090 | ||
25,750 | First Trust Low Duration Opportunities ETF (g) | 1,219,263 | ||
41,932 | First Trust Preferred Securities and Income ETF (g) | 700,265 | ||
115,347 | First Trust Senior Loan ETF (g) | 5,083,342 | ||
83,561 | First Trust Tactical High Yield ETF (g) | 3,202,058 | ||
15,100 | iShares 1-5 Year Investment Grade Corporate Bond ETF | 744,128 | ||
15,900 | iShares 7-10 Year Treasury Bond ETF | 1,526,241 | ||
19,834 | iShares iBoxx $ Investment Grade Corporate Bond ETF | 2,031,993 | ||
Total Exchange-Traded Funds | 16,633,472 | |||
(Cost $18,834,429) |
Total Investments – 98.2% | 34,922,216 | ||||
(Cost $36,920,159) |
Net Other Assets and Liabilities – 1.8% | 656,271 | ||
Net Assets – 100.0% | $35,578,487 |
(a) | This security is taxed as a “C” corporation for federal income tax purposes. |
(b) | Security whose principal value is adjusted in accordance with changes to the country’s Consumer Price Index. Interest is calculated on the basis of the current adjusted principal value. |
(c) | Inverse floating rate security. |
(d) | Floating or variable rate security. |
(e) | Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be illiquid by the Sub-Advisor. |
(f) | Collateral Strip Rate security. Coupon is based on the weighted net interest rate of the investment’s underlying collateral. The interest rate resets periodically. |
First Trust Multi Income Allocation Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
(g) | Investment in an affiliated fund. |
ADR | American Depositary Receipt |
CAD | Canadian Dollar |
IO | Interest-Only Security - Principal amount shown represents par value on which interest payments are based. |
LIBOR | London Interbank Offered Rate |
Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of September 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):
Total Value at 9/30/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 8,738,942 | $ 8,738,942 | $ — | $ — |
Real Estate Investment Trusts* | 4,282,066 | 4,282,066 | — | — |
Master Limited Partnerships* | 2,474,163 | 2,474,163 | — | — |
U.S. Government Bonds and Notes | 2,413,448 | — | 2,413,448 | — |
U.S. Government Agency Mortgage-Backed Securities | 372,481 | — | 372,481 | — |
Mortgage-Backed Securities | 7,644 | — | 7,644 | — |
Exchange-Traded Funds | 16,633,472 | 16,633,472 | — | — |
Total Investments | $ 34,922,216 | $ 32,128,643 | $ 2,793,573 | $— |
* | See Portfolio of Investments for industry breakout. |
Affiliated Transactions
Amounts relating to investments in affiliated funds at September 30, 2022, and for the fiscal year-to-date period (January 1, 2022 to September 30, 2022) are as follows:
Security Name | Shares at 9/30/2022 | Value at 12/31/2021 | Purchases | Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value at 9/30/2022 | Dividend Income | ||||||
First Trust Institutional Preferred Securities and Income ETF | 123,329 | $657,696 | $1,817,033 | $ — | $ (359,637) | $ — | $2,115,092 | 76,434 | ||||||
First Trust Long Duration Opportunities ETF | 500 | 13,881 | — | — | (2,791) | — | 11,090 | 149 | ||||||
First Trust Low Duration Opportunities ETF | 25,750 | 1,917,116 | 426,196 | (1,030,877) | (31,771) | (61,401) | 1,219,263 | 24,238 | ||||||
First Trust Preferred Securities and Income ETF | 41,932 | 1,954,418 | 135,342 | (1,255,021) | (250,575) | 116,101 | 700,265 | 26,367 | ||||||
First Trust Senior Loan ETF | 115,347 | 6,030,876 | 447,135 | (895,461) | (434,317) | (64,891) | 5,083,342 | 174,738 | ||||||
First Trust Tactical High Yield ETF | 83,561 | 3,376,727 | 793,792 | (165,952) | (774,209) | (28,300) | 3,202,058 | 185,055 | ||||||
$13,950,714 | $3,619,498 | $(3,347,311) | $(1,853,300) | ($38,491) | $12,331,110 | $486,981 |
First Trust Dorsey Wright Tactical Core Portfolio
Portfolio of Investments
September 30, 2022 (Unaudited)
Shares | Description | Value | ||
EXCHANGE-TRADED FUNDS – 99.2% | ||||
Capital Markets – 99.2% | ||||
9,849 | First Trust BICK Index Fund (a) | $233,618 | ||
6,573 | First Trust Chindia ETF (a) | 229,398 | ||
13,467 | First Trust Developed Markets ex-US AlphaDEX® Fund (a) | 563,863 | ||
12,097 | First Trust Dow Jones Global Select Dividend Index Fund (a) | 224,278 | ||
29,668 | First Trust Emerging Markets AlphaDEX® Fund (a) | 548,561 | ||
261,040 | First Trust Energy AlphaDEX® Fund (a) | 4,074,834 | ||
5,559 | First Trust India NIFTY 50 Equal Weight ETF (a) | 238,092 | ||
89,629 | First Trust Industrials/Producer Durables AlphaDEX® Fund (a) | 4,118,453 | ||
14,538 | First Trust Latin America AlphaDEX® Fund (a) | 227,811 | ||
76,477 | First Trust Materials AlphaDEX® Fund (a) | 3,966,862 | ||
57,050 | First Trust Mid Cap Core AlphaDEX® Fund (a) | 4,579,404 | ||
118,955 | First Trust Mid Cap Value AlphaDEX® Fund (a) | 4,539,323 | ||
172,791 | First Trust Nasdaq Food & Beverage ETF (a) | 4,292,129 | ||
167,645 | First Trust Nasdaq Oil & Gas ETF (a) | 4,115,685 | ||
111,905 | First Trust Small Cap Value AlphaDEX® Fund (a) | 4,533,272 | ||
30,195 | iShares Core U.S. Aggregate Bond ETF | 2,908,986 | ||
41,437 | SPDR Blackstone Senior Loan ETF | 1,693,530 | ||
57,698 | SPDR Bloomberg Investment Grade Floating Rate ETF | 1,748,249 | ||
48,990 | SPDR ICE Preferred Securities ETF | 1,707,791 | ||
59,160 | SPDR Portfolio Short Term Corporate Bond ETF | 1,728,655 |
Total Investments – 99.2% | 46,272,794 | ||||
(Cost $52,423,661) |
Net Other Assets and Liabilities – 0.8% | 389,811 | ||
Net Assets – 100.0% | $46,662,605 |
(a) | Investment in an affiliated fund. |
Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of September 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):
Total Value at 9/30/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Exchange-Traded Funds* | $ 46,272,794 | $ 46,272,794 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
First Trust Dorsey Wright Tactical Core Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Affiliated Transactions
Amounts relating to investments in affiliated funds at September 30, 2022, and for the fiscal year-to-date period (January 1, 2022 to September 30, 2022) are as follows:
Security Name | Shares at 9/30/2022 | Value at 12/31/2021 | Purchases | Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value at 9/30/2022 | Dividend Income | ||||||
First Trust BICK Index Fund | 9,849 | — | $259,072 | $ — | $ (25,454) | $ — | $233,618 | $419 | ||||||
First Trust Chindia ETF | 6,573 | — | 261,507 | (5,520) | (26,724) | 135 | 229,398 | 328 | ||||||
First Trust Consumer Discretionary AlphaDEX® Fund | — | 6,061,370 | 137,681 | (5,344,429) | (1,589,432) | 734,810 | — | 6,759 | ||||||
First Trust Developed Markets ex-US AlphaDEX® Fund | 13,467 | 829,647 | 112,174 | (137,816) | (233,034) | (7,108) | 563,863 | 11,184 | ||||||
First Trust Dow Jones Global Select Dividend Index Fund | 12,097 | — | 311,793 | (12,231) | (74,130) | (1,154) | 224,278 | 9,647 | ||||||
First Trust Emerging Markets AlphaDEX® Fund | 29,668 | 861,981 | 64,206 | (152,805) | (218,331) | (6,490) | 548,561 | 32,112 | ||||||
First Trust Energy AlphaDEX® Fund | 261,040 | — | 7,506,323 | (2,989,768) | (307,594) | (134,127) | 4,074,834 | 75,880 | ||||||
First Trust Enhanced Short Maturity ETF | — | — | 24,646,393 | (24,654,585) | — | 8,192 | — | 75,530 | ||||||
First Trust Eurozone AlphaDEX® ETF | — | 330,556 | 7,662 | (305,921) | 9,963 | (42,260) | — | — | ||||||
First Trust Germany AlphaDEX® Fund | — | 320,851 | 7,367 | (280,410) | (47,978) | 170 | — | — | ||||||
First Trust India NIFTY 50 Equal Weight ETF | 5,559 | 323,175 | 18,668 | (76,785) | (33,292) | 6,326 | 238,092 | 9,323 | ||||||
First Trust Industrials/Producer Durables AlphaDEX® Fund | 89,629 | 6,234,946 | 3,225,581 | (3,600,632) | (1,616,318) | (125,124) | 4,118,453 | 29,941 | ||||||
First Trust Latin America AlphaDEX® Fund | 14,538 | — | 322,358 | (41,529) | (48,000) | (5,018) | 227,811 | 9,950 | ||||||
First Trust Materials AlphaDEX® Fund | 76,477 | — | 7,709,815 | (2,340,355) | (957,640) | (444,958) | 3,966,862 | 49,614 | ||||||
First Trust Mid Cap Core AlphaDEX® Fund | 57,050 | — | 9,000,830 | (3,412,886) | (724,315) | (284,225) | 4,579,404 | 36,082 | ||||||
First Trust Mid Cap Growth AlphaDEX® Fund | — | 6,436,187 | 143,265 | (5,628,675) | (45,125) | (905,652) | — | — | ||||||
First Trust Mid Cap Value AlphaDEX® Fund | 118,955 | 6,072,655 | 3,589,212 | (3,832,860) | (891,550) | (398,134) | 4,539,323 | 53,179 | ||||||
First Trust Nasdaq Food & Beverage ETF | 172,791 | — | 7,795,620 | (2,845,163) | (415,718) | (242,610) | 4,292,129 | 29,874 | ||||||
First Trust Nasdaq Oil & Gas ETF | 167,645 | 6,522,412 | 2,895,656 | (6,383,922) | 283,944 | 797,595 | 4,115,685 | 114,019 | ||||||
First Trust Nasdaq Transportation ETF | — | 6,112,724 | 143,369 | (5,458,312) | (1,590,367) | 792,586 | — | — | ||||||
First Trust NASDAQ-100-Technology Sector Index Fund | — | 6,237,623 | 137,390 | (5,024,506) | (1,909,527) | 559,020 | — | — | ||||||
First Trust Small Cap Growth AlphaDEX® Fund | — | 6,530,802 | 146,560 | (5,714,692) | (1,760,010) | 797,340 | — | — | ||||||
First Trust Small Cap Value AlphaDEX® Fund | 111,905 | — | 9,113,200 | (3,420,435) | (821,751) | (337,742) | 4,533,272 | 38,445 | ||||||
First Trust Switzerland AlphaDEX® Fund | — | 343,978 | 7,725 | (265,951) | (86,958) | 1,206 | — | — | ||||||
First Trust United Kingdom AlphaDEX® Fund | — | 347,142 | 54,448 | (291,885) | (1,091) | (108,614) | — | 6,935 | ||||||
$53,566,049 | $77,617,875 | $(82,222,073) | $(13,130,432) | $654,164 | $36,485,583 | $589,221 |
First Trust Capital Strength Portfolio
Portfolio of Investments
September 30, 2022 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS – 95.9% | ||||
Aerospace & Defense – 6.2% | ||||
6,599 | General Dynamics Corp. | $1,400,110 | ||
3,525 | Lockheed Martin Corp. | 1,361,672 | ||
3,044 | Northrop Grumman Corp. | 1,431,654 | ||
4,193,436 | ||||
Air Freight & Logistics – 1.8% | ||||
7,690 | United Parcel Service, Inc., Class B | 1,242,243 | ||
Beverages – 5.7% | ||||
22,466 | Coca-Cola (The) Co. | 1,258,545 | ||
14,453 | Monster Beverage Corp. (a) | 1,256,833 | ||
8,205 | PepsiCo, Inc. | 1,339,548 | ||
3,854,926 | ||||
Biotechnology – 6.0% | ||||
9,140 | AbbVie, Inc. | 1,226,679 | ||
5,646 | Amgen, Inc. | 1,272,608 | ||
2,311 | Regeneron Pharmaceuticals, Inc. (a) | 1,591,979 | ||
4,091,266 | ||||
Building Products – 2.3% | ||||
10,837 | Trane Technologies PLC | 1,569,306 | ||
Capital Markets – 7.8% | ||||
14,652 | Intercontinental Exchange, Inc. | 1,323,808 | ||
4,986 | Moody’s Corp. | 1,212,147 | ||
26,818 | Nasdaq, Inc. | 1,520,044 | ||
4,018 | S&P Global, Inc. | 1,226,896 | ||
5,282,895 | ||||
Chemicals – 2.1% | ||||
6,235 | Air Products and Chemicals, Inc. | 1,451,071 | ||
Communications Equipment – 1.9% | ||||
32,600 | Cisco Systems, Inc. | 1,304,000 | ||
Electrical Equipment – 1.9% | ||||
17,639 | Emerson Electric Co. | 1,291,528 | ||
Electronic Equipment, Instruments & Components – 2.1% | ||||
21,236 | Amphenol Corp., Class A | 1,421,963 | ||
Food & Staples Retailing – 2.1% | ||||
10,879 | Walmart, Inc. | 1,411,006 | ||
Food Products – 1.9% | ||||
23,117 | Mondelez International, Inc., Class A | 1,267,505 | ||
Health Care Equipment & Supplies – 3.7% | ||||
12,903 | Abbott Laboratories | 1,248,494 |
Shares | Description | Value | ||
Health Care Equipment & Supplies (Continued) | ||||
19,891 | Hologic, Inc. (a) | $1,283,368 | ||
2,531,862 | ||||
Health Care Providers & Services – 9.6% | ||||
9,873 | AmerisourceBergen Corp. | 1,336,113 | ||
2,872 | Elevance Health, Inc. | 1,304,578 | ||
2,880 | Humana, Inc. | 1,397,347 | ||
5,742 | Laboratory Corp of America Holdings | 1,176,019 | ||
2,650 | UnitedHealth Group, Inc. | 1,338,356 | ||
6,552,413 | ||||
Household Durables – 1.7% | ||||
14,055 | Garmin Ltd. | 1,128,757 | ||
Household Products – 1.8% | ||||
9,679 | Procter & Gamble (The) Co. | 1,221,974 | ||
Industrial Conglomerates – 3.7% | ||||
10,790 | 3M Co. | 1,192,295 | ||
8,126 | Honeywell International, Inc. | 1,356,798 | ||
2,549,093 | ||||
Insurance – 5.8% | ||||
5,170 | Aon PLC, Class A | 1,384,888 | ||
12,494 | Cincinnati Financial Corp. | 1,119,087 | ||
22,277 | W.R. Berkley Corp. | 1,438,649 | ||
3,942,624 | ||||
IT Services – 4.2% | ||||
6,557 | Automatic Data Processing, Inc. | 1,483,128 | ||
12,210 | Paychex, Inc. | 1,370,084 | ||
2,853,212 | ||||
Life Sciences Tools & Services – 2.1% | ||||
5,489 | Danaher Corp. | 1,417,754 | ||
Machinery – 6.2% | ||||
7,151 | Cummins, Inc. | 1,455,300 | ||
7,774 | Illinois Tool Works, Inc. | 1,404,373 | ||
5,653 | Parker-Hannifin Corp. | 1,369,778 | ||
4,229,451 | ||||
Pharmaceuticals – 9.5% | ||||
18,560 | Bristol-Myers Squibb Co. | 1,319,431 | ||
4,234 | Eli Lilly & Co. | 1,369,064 | ||
7,878 | Johnson & Johnson | 1,286,950 | ||
14,786 | Merck & Co., Inc. | 1,273,370 | ||
8,045 | Zoetis, Inc. | 1,192,993 | ||
6,441,808 | ||||
Road & Rail – 3.8% | ||||
48,652 | CSX Corp. | 1,296,089 |
First Trust Capital Strength Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Road & Rail (Continued) | ||||
6,161 | Norfolk Southern Corp. | $1,291,654 | ||
2,587,743 | ||||
Semiconductors & Semiconductor Equipment – 2.0% | ||||
8,746 | Texas Instruments, Inc. | 1,353,706 | ||
Total Common Stocks | 65,191,542 | |||
(Cost $72,384,968) | ||||
REAL ESTATE INVESTMENT TRUSTS – 1.7% | ||||
Specialized REITs – 1.7% | ||||
40,371 | Weyerhaeuser Co. | 1,152,996 | ||
(Cost $1,402,731) | ||||
Total Investments – 97.6% | 66,344,538 | |||
(Cost $73,787,699) | ||||
Net Other Assets and Liabilities – 2.4% | 1,645,810 | |||
Net Assets – 100.0% | $67,990,348 |
(a) | Non-income producing security. |
Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of September 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):
Total Value at 9/30/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 65,191,542 | $ 65,191,542 | $ — | $ — |
Real Estate Investment Trusts* | 1,152,996 | 1,152,996 | — | — |
Total Investments | $ 66,344,538 | $ 66,344,538 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
First Trust International Developed Capital Strength Portfolio
Portfolio of Investments
September 30, 2022 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS – 97.3% | ||||
Aerospace & Defense – 2.2% | ||||
11,201 | BAE Systems PLC (a) | $98,417 | ||
Banks – 3.9% | ||||
982 | Bank of Montreal | 86,068 | ||
1,496 | Toronto-Dominion Bank (The) | 91,752 | ||
177,820 | ||||
Beverages – 4.2% | ||||
2,163 | Diageo PLC (a) | 91,048 | ||
1,152 | Heineken N.V. (a) | 100,606 | ||
191,654 | ||||
Biotechnology – 2.3% | ||||
570 | CSL Ltd. (a) | 103,664 | ||
Building Products – 1.8% | ||||
188 | Geberit AG (a) | 80,612 | ||
Capital Markets – 4.2% | ||||
616 | Deutsche Boerse AG (a) | 100,979 | ||
6,400 | Japan Exchange Group, Inc. (a) | 86,496 | ||
187,475 | ||||
Chemicals – 1.5% | ||||
335 | Sika AG (a) | 67,332 | ||
Commercial Services & Supplies – 1.9% | ||||
16,213 | Rentokil Initial PLC (a) | 85,937 | ||
Construction & Engineering – 1.5% | ||||
5,316 | Skanska AB, Class B (a) | 66,162 | ||
Diversified Financial Services – 1.6% | ||||
5,102 | Investor AB, Class B (a) | 74,444 | ||
Electrical Equipment – 3.9% | ||||
3,602 | ABB Ltd. (a) | 93,002 | ||
1,267 | Legrand S.A. (a) | 81,923 | ||
174,925 | ||||
Electronic Equipment, Instruments & Components – 1.8% | ||||
1,800 | Murata Manufacturing Co., Ltd. (a) | 82,849 | ||
Entertainment – 1.8% | ||||
2,000 | Nintendo Co., Ltd. (a) | 80,669 | ||
Food & Staples Retailing – 2.2% | ||||
2,493 | Alimentation Couche-Tard, Inc. | 100,362 | ||
Food Products – 6.0% | ||||
48 | Barry Callebaut AG (a) | 90,481 | ||
1,014 | Kerry Group PLC, Class A (a) | 90,380 |
Shares | Description | Value | ||
Food Products (Continued) | ||||
852 | Nestle S.A. (a) | $92,150 | ||
273,011 | ||||
Health Care Providers & Services – 1.8% | ||||
4,251 | Sonic Healthcare Ltd. (a) | 82,917 | ||
Hotels, Restaurants & Leisure – 2.1% | ||||
4,555 | Aristocrat Leisure Ltd. (a) | 96,049 | ||
Insurance – 6.4% | ||||
771 | Intact Financial Corp. | 109,113 | ||
2,289 | Sampo Oyj, Class A (a) | 97,721 | ||
2,042 | Sun Life Financial, Inc. | 81,201 | ||
288,035 | ||||
IT Services – 4.7% | ||||
1,388 | CGI, Inc. (b) | 104,490 | ||
800 | Obic Co., Ltd. (a) | 107,275 | ||
211,765 | ||||
Machinery – 3.8% | ||||
2,228 | Kone Oyj, Class B (a) | 85,842 | ||
547 | Schindler Holding AG (a) | 84,894 | ||
170,736 | ||||
Metals & Mining – 1.8% | ||||
3,230 | BHP Group Ltd. (a) | 80,292 | ||
Oil, Gas & Consumable Fuels – 1.8% | ||||
1,730 | Canadian Natural Resources Ltd. | 80,529 | ||
Personal Products – 4.5% | ||||
287 | L’Oreal S.A. (a) | 91,766 | ||
2,500 | Unilever PLC (a) | 109,850 | ||
201,616 | ||||
Pharmaceuticals – 9.4% | ||||
3,300 | Chugai Pharmaceutical Co., Ltd. (a) | 82,444 | ||
4,746 | GSK PLC (a) | 68,545 | ||
1,211 | Novartis AG (a) | 92,323 | ||
952 | Novo Nordisk A.S., Class B (a) | 94,836 | ||
270 | Roche Holding AG (a) | 87,894 | ||
426,042 | ||||
Professional Services – 10.3% | ||||
4,096 | Bureau Veritas S.A. (a) | 91,658 | ||
41 | SGS S.A. (a) | 87,730 | ||
309 | Teleperformance (a) | 78,388 | ||
1,047 | Thomson Reuters Corp. | 107,478 | ||
1,046 | Wolters Kluwer N.V. (a) | 101,853 | ||
467,107 | ||||
Road & Rail – 2.1% | ||||
877 | Canadian National Railway Co. | 94,712 |
First Trust International Developed Capital Strength Portfolio
Portfolio of Investments (Continued)
September 30, 2022 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Software – 3.9% | ||||
65 | Constellation Software, Inc. | $90,445 | ||
1,073 | SAP SE (a) | 87,444 | ||
177,889 | ||||
Trading Companies & Distributors – 3.9% | ||||
2,797 | Bunzl PLC (a) | 85,457 | ||
856 | Ferguson PLC (a) | 88,792 | ||
174,249 | ||||
Total Common Stocks | 4,397,271 | |||
(Cost $5,417,849) | ||||
REAL ESTATE INVESTMENT TRUSTS – 1.5% | ||||
Industrial REITs – 1.5% | ||||
6,664 | Goodman Group (a) | 67,352 | ||
(Cost $105,744) | ||||
Total Investments – 98.8% | 4,464,623 | |||
(Cost $5,523,593) | ||||
Net Other Assets and Liabilities – 1.2% | 54,707 | |||
Net Assets – 100.0% | $4,519,330 |
(a) | This security is fair valued by the Advisor’s Pricing Committee in accordance with procedures approved by the Trust’s Board of Trustees and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At September 30, 2022, securities noted as such are valued at $3,518,473 or 77.9% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets’ close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded. |
(b) | Non-income producing security. |
Country Allocation† | % of Net Assets |
Canada | 20.9% |
Switzerland | 17.2 |
United Kingdom | 11.9 |
Japan | 9.7 |
Australia | 9.5 |
France | 7.6 |
Netherlands | 4.5 |
Germany | 4.2 |
Finland | 4.1 |
Sweden | 3.1 |
Denmark | 2.1 |
Ireland | 2.0 |
Jersey | 2.0 |
Total Investments | 98.8 |
Net Other Assets and Liabilities | 1.2 |
Total | 100.0% |
† Portfolio securities are categorized based upon their country of incorporation.
Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of September 30, 2022 is as follows (see Valuation Inputs in the Additional Information section):
Total Value at 9/30/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Banks | $ 177,820 | $ 177,820 | $ — | $ — |
Food & Staples Retailing | 100,362 | 100,362 | — | — |
Insurance | 288,035 | 190,314 | 97,721 | — |
IT Services | 211,765 | 104,490 | 107,275 | — |
Oil, Gas & Consumable Fuels | 80,529 | 80,529 | — | — |
Professional Services | 467,107 | 107,478 | 359,629 | — |
Road & Rail | 94,712 | 94,712 | — | — |
Software | 177,889 | 90,445 | 87,444 | — |
Other industry categories* | 2,799,052 | — | 2,799,052 | — |
Real Estate Investment Trusts* | 67,352 | — | 67,352 | — |
Total Investments | $ 4,464,623 | $ 946,150 | $ 3,518,473 | $— |
* | See Portfolio of Investments for industry breakout. |
Additional Information
First Trust Variable Insurance Trust
September 30, 2022 (Unaudited)
Valuation Inputs
The Funds are 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.
Licensing Information
S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The trademarks have been licensed to S&P Dow Jones Indices LLC and have been sublicensed for use for certain purposes by First Trust Advisors L.P. (“First Trust”). The DOW JONES EQUAL WEIGHT U.S. ISSUED CORPORATE BOND INDEXSM, DOW JONES U.S. TOTAL STOCK MARKET INDEXSM AND DOW JONES COMPOSITE AVERAGETM are products of S&P Dow Jones Indices LLC and have been licensed for use by First Trust. The First Trust/Dow Jones Dividend & Income Allocation Portfolio is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or any of their respective affiliates (collectively, “S&P Dow Jones Indices”). Neither S&P Dow Jones Indices nor its affiliates make any representation or warranty, express or implied, to the owners of the First Trust/Dow Jones Dividend & Income Allocation Portfolio or any member of the public regarding the advisability of investing in securities generally or in the First Trust/Dow Jones Dividend & Income Allocation Portfolio particularly or the ability of the DOW JONES EQUAL WEIGHT U.S. ISSUED CORPORATE BOND INDEXSM, DOW JONES U.S. TOTAL STOCK MARKET INDEXSM AND DOW JONES COMPOSITE AVERAGETM to track general market performance. S&P Dow Jones Indices’ only relationship to First Trust with respect to the DOW JONES EQUAL WEIGHT U.S. ISSUED CORPORATE BOND INDEXSM, DOW JONES U.S. TOTAL STOCK MARKET INDEXSM AND DOW JONES COMPOSITE AVERAGETM is the licensing of the Indexes and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices. The DOW JONES EQUAL WEIGHT U.S. ISSUED CORPORATE BOND INDEXSM, DOW JONES U.S. TOTAL STOCK MARKET INDEXSM AND DOW JONES COMPOSITE AVERAGETM are determined, composed and calculated by S&P Dow Jones Indices without regard to First Trust or the First Trust/Dow Jones Dividend & Income Allocation Portfolio. S&P Dow Jones Indices has no obligation to take the needs of First Trust or the owners of the First Trust/Dow Jones Dividend & Income Allocation Portfolio into consideration in determining, composing or calculating the DOW JONES EQUAL WEIGHT U.S. ISSUED CORPORATE BOND INDEXSM, DOW JONES U.S. TOTAL STOCK MARKET INDEXSM AND DOW JONES COMPOSITE AVERAGETM. Neither S&P Dow Jones Indices nor its affiliates are responsible for and have not participated in the determination of the prices, and amount of the First Trust/Dow Jones Dividend & Income Allocation Portfolio or the timing of the issuance or sale of the First Trust/Dow Jones Dividend & Income Allocation Portfolio or in the determination or calculation of the equation by which the First Trust/Dow Jones Dividend & Income Allocation Portfolio is to be managed. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of the First Trust/Dow Jones Dividend & Income Allocation Portfolio. There is no assurance that investment products based on the DOW JONES EQUAL WEIGHT U.S. ISSUED CORPORATE BOND INDEXSM, DOW JONES U.S. TOTAL STOCK MARKET INDEXSM AND DOW JONES COMPOSITE AVERAGETM will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.
NEITHER S&P DOW JONES INDICES NOR ITS AFFILIATES GUARANTEES THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE DOW JONES EQUAL WEIGHT U.S. ISSUED CORPORATE BOND INDEXSM, DOW JONES U.S. TOTAL STOCK MARKET INDEXSM AND DOW JONES COMPOSITE AVERAGETM OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY FIRST TRUST, OWNERS OF THE FIRST TRUST/DOW JONES DIVIDEND & INCOME ALLOCATION PORTFOLIO, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE DOW JONES EQUAL WEIGHT U.S. ISSUED CORPORATE BOND INDEXSM, DOW JONES U.S. TOTAL STOCK MARKET INDEXSM AND DOW JONES COMPOSITE AVERAGETM OR WITH
Additional Information (Continued)
First Trust Variable Insurance Trust
September 30, 2022 (Unaudited)
RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND FIRST TRUST, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.
The First Trust Dorsey Wright Tactical Core Portfolio (the “Portfolio”) is not sponsored, endorsed, sold or promoted by Dorsey Wright & Associates, LLC or its affiliates (“Licensor”). Licensor makes no representation or warranty, express or implied, to the owners of the Portfolio or any member of the public regarding the advisability of trading in the Portfolio. Licensor’s only relationship to First Trust Advisors L.P. (“First Trust”) is the licensing of certain trademarks and trade names of Licensor and of the Dorsey Wright Tactical Tilt Moderate Core IndexTM which is determined, composed and calculated by Licensor without regard to First Trust or the Portfolio, Licensor has no obligation to take the needs of First Trust or the owners of the Portfolio into consideration in determining, composing or calculating Dorsey Wright Tactical Tilt Moderate Core IndexTM. Licensor is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the Portfolio to be listed or in the determination or calculation of the equation by which the Portfolio are to be converted into cash. Licensor has no obligation or liability in connection with the administration, marketing or trading of the Portfolio.
LICENSOR DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE DORSEY WRIGHT TACTICAL TILT MODERATE CORE INDEXTM OR ANY DATA INCLUDED THEREIN AND LICENSOR SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. LICENSOR MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY FIRST TRUST, OWNERS OF THE FIRST TRUST DORSEY WRIGHT TACTICAL CORE PORTFOLIO, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE DORSEY WRIGHT TACTICAL TILT MODERATE CORE INDEXTM OR ANY DATA INCLUDED THEREIN. LICENSOR MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE DORSEY WRIGHT TACTICAL TILT MODERATE CORE INDEXTM OR ANY DATA INCLUDED THEREIN, WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL LICENSOR HAVE ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN LICENSOR AND FIRST TRUST.
First Trust does not guarantee the accuracy and/or the completeness of the Capital Strength IndexSM and/or the International Capital Strength IndexSM (together, the “Indexes”) or any data included therein, and First Trust shall have no liability for any errors, omissions or interruptions therein. First Trust makes no warranty, express or implied, as to results to be obtained by the Fund, owners of the shares of the Fund or any other person or entity from the use of the Indexes or any data included therein. First Trust makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Indexes or any data included therein. Without limiting any of the foregoing, in no event shall First Trust have any liability for any special, punitive, direct, indirect or consequential damages (including lost profits) arising out of matters relating to the use of the Indexes, even if notified of the possibility of such damages.
The First Trust Capital Strength Portfolio and the First Trust International Capital Strength Portfolio (the “Capital Strength Funds”) are not sponsored, endorsed, sold or promoted by Nasdaq, Inc. (“Nasdaq”) or its affiliates (Nasdaq with its affiliates are referred to as the “Corporations”). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Capital Strength Funds. The Corporations make no representation or warranty, express or implied, to the owners of the Capital Strength Funds or any member of the public regarding the advisability of investing in securities generally or in the Capital Strength Funds particularly, or the ability of the Indexes to track general stock market performance. The Corporations’ only relationship to First Trust with respect to the Capital Strength Funds is in the licensing of the Indexes, and certain trade names of the Corporations and the use of the Indexes, which are determined, composed and calculated by Nasdaq without regard to First Trust or the Capital Strength Funds. Nasdaq has no obligation to take the needs of First Trust or the owners of the Capital Strength Funds into consideration in determining, composing or calculating the Indexes. The Corporations are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of Capital Strength Fund Shares to be issued or in the determination or calculation of the equation by which the Capital Strength Fund Shares are to be converted into cash. The Corporations have no liability in connection with the administration, marketing or trading of the Capital Strength Funds.
THE CORPORATIONS DO NOT GUARANTEE THE ACCURACY AND/OR UNINTERRUPTED CALCULATION OF THE INDEXES OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO WARRANTY, EXPRESS OR IMPLIED,
Additional Information (Continued)
First Trust Variable Insurance Trust
September 30, 2022 (Unaudited)
AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE PRODUCT(S) OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEXES OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE INDEXES OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL THE CORPORATIONS HAVE ANY LIABILITY FOR ANY LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.