First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments
March 31, 2023 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES – 47.5% | ||||||||
Aerospace & Defense – 2.9% | ||||||||
$1,000,000 | Boeing (The) Co. | 1.43% | 02/04/24 | $966,442 | ||||
500,000 | Boeing (The) Co. | 2.75% | 02/01/26 | 474,744 | ||||
1,000,000 | Boeing (The) Co. | 2.20% | 02/04/26 | 928,257 | ||||
500,000 | Boeing (The) Co. | 2.70% | 02/01/27 | 460,935 | ||||
500,000 | Boeing (The) Co. | 3.25% | 02/01/28 | 466,144 | ||||
250,000 | Boeing (The) Co. | 3.20% | 03/01/29 | 228,599 | ||||
500,000 | Boeing (The) Co. | 2.95% | 02/01/30 | 441,712 | ||||
500,000 | Boeing (The) Co. | 3.63% | 02/01/31 | 458,479 | ||||
1,000,000 | Boeing (The) Co. | 5.71% | 05/01/40 | 1,012,639 | ||||
1,500,000 | Boeing (The) Co. | 3.75% | 02/01/50 | 1,138,138 | ||||
1,000,000 | Lockheed Martin Corp. | 5.10% | 11/15/27 | 1,039,089 | ||||
2,000,000 | Lockheed Martin Corp. | 5.25% | 01/15/33 | 2,137,647 | ||||
1,000,000 | Lockheed Martin Corp. | 5.70% | 11/15/54 | 1,140,871 | ||||
1,000,000 | Lockheed Martin Corp. | 5.90% | 11/15/63 | 1,174,236 | ||||
500,000 | Northrop Grumman Corp. | 2.93% | 01/15/25 | 484,382 | ||||
500,000 | Northrop Grumman Corp. | 3.25% | 01/15/28 | 475,306 | ||||
500,000 | Northrop Grumman Corp. | 4.70% | 03/15/33 | 505,424 | ||||
750,000 | Northrop Grumman Corp. | 4.03% | 10/15/47 | 654,643 | ||||
250,000 | Northrop Grumman Corp. | 5.25% | 05/01/50 | 259,285 | ||||
1,000,000 | Northrop Grumman Corp. | 4.95% | 03/15/53 | 998,415 | ||||
500,000 | Raytheon Technologies Corp. | 5.00% | 02/27/26 | 507,824 | ||||
1,000,000 | Raytheon Technologies Corp. | 3.13% | 05/04/27 | 949,306 | ||||
1,873,000 | Raytheon Technologies Corp. | 2.38% | 03/15/32 | 1,576,653 | ||||
2,500,000 | Raytheon Technologies Corp. | 5.15% | 02/27/33 | 2,603,199 | ||||
1,000,000 | Raytheon Technologies Corp. | 4.63% | 11/16/48 | 952,057 | ||||
1,500,000 | Raytheon Technologies Corp. | 3.13% | 07/01/50 | 1,120,657 | ||||
1,000,000 | Raytheon Technologies Corp. | 2.82% | 09/01/51 | 695,172 | ||||
2,500,000 | Raytheon Technologies Corp. | 5.38% | 02/27/53 | 2,634,958 | ||||
26,485,213 | ||||||||
Air Freight & Logistics – 0.4% | ||||||||
1,750,000 | FedEx Corp. | 3.25% | 05/15/41 | 1,336,361 | ||||
1,000,000 | United Parcel Service, Inc. | 4.88% | 03/03/33 | 1,026,979 | ||||
1,000,000 | United Parcel Service, Inc. | 5.05% | 03/03/53 | 1,030,027 | ||||
3,393,367 | ||||||||
Banks – 7.6% | ||||||||
2,050,000 | Bank of America Corp. (a) | 1.84% | 02/04/25 | 1,989,707 | ||||
2,000,000 | Bank of America Corp. (a) | 0.98% | 04/22/25 | 1,906,378 | ||||
750,000 | Bank of America Corp. (a) | 2.02% | 02/13/26 | 703,272 | ||||
2,500,000 | Bank of America Corp. (a) | 3.38% | 04/02/26 | 2,398,692 | ||||
950,000 | Bank of America Corp. | 3.50% | 04/19/26 | 913,924 | ||||
1,000,000 | Bank of America Corp. (a) | 1.20% | 10/24/26 | 898,909 | ||||
2,500,000 | Bank of America Corp. (a) | 5.08% | 01/20/27 | 2,494,096 | ||||
500,000 | Bank of America Corp. (a) | 3.56% | 04/23/27 | 475,303 | ||||
450,000 | Bank of America Corp. (a) | 2.55% | 02/04/28 | 409,747 | ||||
475,000 | Bank of America Corp. (a) | 4.38% | 04/27/28 | 459,852 | ||||
1,000,000 | Bank of America Corp. (a) | 4.95% | 07/22/28 | 995,114 | ||||
1,000,000 | Bank of America Corp. (a) | 2.09% | 06/14/29 | 861,934 | ||||
500,000 | Bank of America Corp. (a) | 4.27% | 07/23/29 | 481,801 | ||||
500,000 | Bank of America Corp. (a) | 3.97% | 02/07/30 | 467,805 | ||||
500,000 | Bank of America Corp. (a) | 3.19% | 07/23/30 | 444,782 | ||||
500,000 | Bank of America Corp. (a) | 2.88% | 10/22/30 | 435,323 | ||||
500,000 | Bank of America Corp. (a) | 1.90% | 07/23/31 | 401,280 | ||||
1,000,000 | Bank of America Corp. (a) | 1.92% | 10/24/31 | 798,221 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Banks (Continued) | ||||||||
$500,000 | Bank of America Corp. (a) | 2.57% | 10/20/32 | $409,004 | ||||
750,000 | Bank of America Corp. (a) | 2.97% | 02/04/33 | 632,071 | ||||
500,000 | Bank of America Corp. (a) | 4.57% | 04/27/33 | 476,323 | ||||
1,000,000 | Bank of America Corp. (a) | 5.02% | 07/22/33 | 989,767 | ||||
1,500,000 | Bank of America Corp. (a) | 2.48% | 09/21/36 | 1,140,207 | ||||
500,000 | Bank of America Corp. (a) | 4.08% | 04/23/40 | 435,879 | ||||
1,000,000 | Bank of America Corp. (a) | 2.68% | 06/19/41 | 708,292 | ||||
2,000,000 | Bank of America Corp. (a) | 3.31% | 04/22/42 | 1,550,898 | ||||
500,000 | Bank of America Corp. (a) | 3.95% | 01/23/49 | 406,717 | ||||
500,000 | Bank of America Corp. (a) | 4.33% | 03/15/50 | 429,553 | ||||
500,000 | Bank of America Corp. (a) | 2.83% | 10/24/51 | 327,223 | ||||
750,000 | Bank of America Corp. (a) | 2.97% | 07/21/52 | 506,395 | ||||
2,000,000 | Citigroup, Inc. (a) | 2.01% | 01/25/26 | 1,884,612 | ||||
500,000 | Citigroup, Inc. (a) | 3.11% | 04/08/26 | 478,357 | ||||
3,000,000 | Citigroup, Inc. (a) | 1.12% | 01/28/27 | 2,676,380 | ||||
3,000,000 | Citigroup, Inc. (a) | 1.46% | 06/09/27 | 2,666,016 | ||||
500,000 | Citigroup, Inc. (a) | 3.98% | 03/20/30 | 466,473 | ||||
1,000,000 | Citigroup, Inc. (a) | 2.98% | 11/05/30 | 876,331 | ||||
500,000 | Citigroup, Inc. (a) | 2.67% | 01/29/31 | 427,099 | ||||
2,000,000 | Citigroup, Inc. (a) | 2.56% | 05/01/32 | 1,660,626 | ||||
1,000,000 | Citigroup, Inc. (a) | 3.06% | 01/25/33 | 846,997 | ||||
500,000 | Citigroup, Inc. (a) | 3.88% | 01/24/39 | 425,611 | ||||
1,500,000 | Citigroup, Inc. (a) | 2.90% | 11/03/42 | 1,075,598 | ||||
750,000 | Citigroup, Inc. | 4.75% | 05/18/46 | 665,226 | ||||
500,000 | Citigroup, Inc. | 4.65% | 07/23/48 | 464,223 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 0.56% | 02/16/25 | 958,806 | ||||
2,000,000 | JPMorgan Chase & Co. (a) | 0.82% | 06/01/25 | 1,896,286 | ||||
3,500,000 | JPMorgan Chase & Co. (a) | 0.97% | 06/23/25 | 3,317,543 | ||||
500,000 | JPMorgan Chase & Co. (a) | 2.30% | 10/15/25 | 478,384 | ||||
500,000 | JPMorgan Chase & Co. (a) | 2.60% | 02/24/26 | 474,164 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 4.08% | 04/26/26 | 982,369 | ||||
500,000 | JPMorgan Chase & Co. (a) | 1.05% | 11/19/26 | 446,614 | ||||
500,000 | JPMorgan Chase & Co. (a) | 1.04% | 02/04/27 | 446,685 | ||||
500,000 | JPMorgan Chase & Co. (a) | 1.58% | 04/22/27 | 449,615 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 1.47% | 09/22/27 | 882,800 | ||||
550,000 | JPMorgan Chase & Co. (a) | 2.95% | 02/24/28 | 510,294 | ||||
975,000 | JPMorgan Chase & Co. (a) | 4.32% | 04/26/28 | 952,233 | ||||
500,000 | JPMorgan Chase & Co. (a) | 4.85% | 07/25/28 | 499,524 | ||||
500,000 | JPMorgan Chase & Co. (a) | 3.51% | 01/23/29 | 468,265 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 2.07% | 06/01/29 | 868,407 | ||||
500,000 | JPMorgan Chase & Co. (a) | 4.20% | 07/23/29 | 483,403 | ||||
500,000 | JPMorgan Chase & Co. (a) | 3.70% | 05/06/30 | 465,319 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 2.58% | 04/22/32 | 842,154 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 2.96% | 01/25/33 | 855,875 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 4.59% | 04/26/33 | 969,149 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 4.91% | 07/25/33 | 994,831 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 2.53% | 11/19/41 | 691,858 | ||||
2,000,000 | JPMorgan Chase & Co. (a) | 3.16% | 04/22/42 | 1,523,782 | ||||
500,000 | JPMorgan Chase & Co. (a) | 4.26% | 02/22/48 | 435,778 | ||||
750,000 | JPMorgan Chase & Co. (a) | 3.96% | 11/15/48 | 622,277 | ||||
500,000 | JPMorgan Chase & Co. (a) | 3.90% | 01/23/49 | 410,809 | ||||
2,000,000 | JPMorgan Chase & Co. (a) | 3.33% | 04/22/52 | 1,469,491 | ||||
1,000,000 | PNC Financial Services Group (The), Inc. (a) | 5.07% | 01/24/34 | 987,307 | ||||
1,000,000 | Truist Financial Corp. (a) | 4.87% | 01/26/29 | 975,968 | ||||
1,000,000 | Truist Financial Corp. (a) | 5.12% | 01/26/34 | 976,065 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Banks (Continued) | ||||||||
$3,500,000 | US Bancorp (a) | 4.84% | 02/01/34 | $3,398,166 | ||||
69,896,239 | ||||||||
Beverages – 0.7% | ||||||||
875,000 | Anheuser-Busch Cos., LLC/Anheuser-Busch InBev Worldwide, Inc. | 4.70% | 02/01/36 | 871,908 | ||||
1,100,000 | Anheuser-Busch Cos., LLC/Anheuser-Busch InBev Worldwide, Inc. | 4.90% | 02/01/46 | 1,076,398 | ||||
250,000 | Anheuser-Busch InBev Worldwide, Inc. | 4.75% | 01/23/29 | 255,446 | ||||
1,000,000 | Anheuser-Busch InBev Worldwide, Inc. | 4.90% | 01/23/31 | 1,030,840 | ||||
750,000 | Anheuser-Busch InBev Worldwide, Inc. | 4.38% | 04/15/38 | 712,884 | ||||
250,000 | Anheuser-Busch InBev Worldwide, Inc. | 4.35% | 06/01/40 | 232,415 | ||||
1,182,000 | Anheuser-Busch InBev Worldwide, Inc. | 4.60% | 04/15/48 | 1,116,672 | ||||
250,000 | Anheuser-Busch InBev Worldwide, Inc. | 5.55% | 01/23/49 | 268,417 | ||||
250,000 | Anheuser-Busch InBev Worldwide, Inc. | 5.80% | 01/23/59 | 274,871 | ||||
1,000,000 | Constellation Brands, Inc. | 4.75% | 05/09/32 | 988,709 | ||||
6,828,560 | ||||||||
Biotechnology – 2.6% | ||||||||
1,000,000 | AbbVie, Inc. | 2.60% | 11/21/24 | 965,480 | ||||
500,000 | AbbVie, Inc. | 3.80% | 03/15/25 | 492,082 | ||||
2,000,000 | AbbVie, Inc. | 2.95% | 11/21/26 | 1,904,263 | ||||
1,225,000 | AbbVie, Inc. | 4.05% | 11/21/39 | 1,095,810 | ||||
275,000 | AbbVie, Inc. | 4.40% | 11/06/42 | 251,550 | ||||
300,000 | AbbVie, Inc. | 4.70% | 05/14/45 | 281,337 | ||||
250,000 | AbbVie, Inc. | 4.88% | 11/14/48 | 240,897 | ||||
1,000,000 | AbbVie, Inc. | 4.25% | 11/21/49 | 883,375 | ||||
1,000,000 | Amgen, Inc. | 5.51% | 03/02/26 | 1,004,311 | ||||
5,000,000 | Amgen, Inc. | 5.15% | 03/02/28 | 5,107,771 | ||||
500,000 | Amgen, Inc. | 2.45% | 02/21/30 | 436,119 | ||||
500,000 | Amgen, Inc. | 5.25% | 03/02/30 | 511,566 | ||||
1,000,000 | Amgen, Inc. | 2.00% | 01/15/32 | 814,604 | ||||
500,000 | Amgen, Inc. | 3.35% | 02/22/32 | 451,579 | ||||
1,000,000 | Amgen, Inc. | 5.25% | 03/02/33 | 1,027,946 | ||||
750,000 | Amgen, Inc. | 3.15% | 02/21/40 | 589,130 | ||||
1,000,000 | Amgen, Inc. | 2.80% | 08/15/41 | 731,071 | ||||
3,000,000 | Amgen, Inc. | 5.60% | 03/02/43 | 3,093,139 | ||||
750,000 | Amgen, Inc. | 3.38% | 02/21/50 | 564,527 | ||||
500,000 | Amgen, Inc. | 4.20% | 02/22/52 | 424,726 | ||||
2,500,000 | Amgen, Inc. | 5.65% | 03/02/53 | 2,604,292 | ||||
23,475,575 | ||||||||
Capital Markets – 5.2% | ||||||||
500,000 | Goldman Sachs Group (The), Inc. | 3.63% | 02/20/24 | 492,739 | ||||
600,000 | Goldman Sachs Group (The), Inc. | 4.00% | 03/03/24 | 591,742 | ||||
965,000 | Goldman Sachs Group (The), Inc. | 3.00% | 03/15/24 | 944,008 | ||||
3,000,000 | Goldman Sachs Group (The), Inc. (a) | 0.93% | 10/21/24 | 2,919,757 | ||||
1,925,000 | Goldman Sachs Group (The), Inc. | 5.70% | 11/01/24 | 1,939,756 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 1.76% | 01/24/25 | 484,101 | ||||
500,000 | Goldman Sachs Group (The), Inc. | 3.50% | 04/01/25 | 485,779 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 0.86% | 02/12/26 | 458,020 | ||||
550,000 | Goldman Sachs Group (The), Inc. | 3.75% | 02/25/26 | 535,056 | ||||
500,000 | Goldman Sachs Group (The), Inc. | 3.50% | 11/16/26 | 477,972 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 1.09% | 12/09/26 | 448,119 | ||||
750,000 | Goldman Sachs Group (The), Inc. | 3.85% | 01/26/27 | 724,172 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Capital Markets (Continued) | ||||||||
$1,000,000 | Goldman Sachs Group (The), Inc. (a) | 1.43% | 03/09/27 | $895,753 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 1.54% | 09/10/27 | 880,536 | ||||
1,500,000 | Goldman Sachs Group (The), Inc. (a) | 1.95% | 10/21/27 | 1,341,537 | ||||
950,000 | Goldman Sachs Group (The), Inc. (a) | 2.64% | 02/24/28 | 867,438 | ||||
5,000,000 | Goldman Sachs Group (The), Inc. (a) | 4.48% | 08/23/28 | 4,894,323 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 3.81% | 04/23/29 | 470,100 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 4.22% | 05/01/29 | 479,481 | ||||
500,000 | Goldman Sachs Group (The), Inc. | 2.60% | 02/07/30 | 429,472 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 1.99% | 01/27/32 | 799,527 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 2.62% | 04/22/32 | 833,615 | ||||
1,500,000 | Goldman Sachs Group (The), Inc. (a) | 2.65% | 10/21/32 | 1,240,415 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 3.10% | 02/24/33 | 859,535 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 4.02% | 10/31/38 | 433,324 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 4.41% | 04/23/39 | 450,513 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 3.21% | 04/22/42 | 754,827 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 2.91% | 07/21/42 | 717,230 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 3.44% | 02/24/43 | 386,392 | ||||
1,500,000 | Morgan Stanley (a) | 3.62% | 04/17/25 | 1,473,277 | ||||
1,000,000 | Morgan Stanley (a) | 0.86% | 10/21/25 | 928,225 | ||||
1,000,000 | Morgan Stanley (a) | 1.16% | 10/21/25 | 934,491 | ||||
800,000 | Morgan Stanley | 3.88% | 01/27/26 | 781,260 | ||||
500,000 | Morgan Stanley (a) | 2.19% | 04/28/26 | 469,390 | ||||
1,000,000 | Morgan Stanley (a) | 4.68% | 07/17/26 | 987,729 | ||||
500,000 | Morgan Stanley (a) | 5.05% | 01/28/27 | 498,998 | ||||
1,000,000 | Morgan Stanley (a) | 1.59% | 05/04/27 | 896,934 | ||||
1,000,000 | Morgan Stanley (a) | 2.48% | 01/21/28 | 914,342 | ||||
1,050,000 | Morgan Stanley (a) | 4.21% | 04/20/28 | 1,020,149 | ||||
500,000 | Morgan Stanley (a) | 3.77% | 01/24/29 | 473,943 | ||||
1,000,000 | Morgan Stanley (a) | 5.12% | 02/01/29 | 1,008,724 | ||||
500,000 | Morgan Stanley (a) | 4.43% | 01/23/30 | 482,491 | ||||
500,000 | Morgan Stanley (a) | 2.70% | 01/22/31 | 430,971 | ||||
1,000,000 | Morgan Stanley (a) | 1.93% | 04/28/32 | 787,342 | ||||
2,500,000 | Morgan Stanley (a) | 2.24% | 07/21/32 | 2,007,715 | ||||
1,000,000 | Morgan Stanley (a) | 2.51% | 10/20/32 | 819,913 | ||||
1,000,000 | Morgan Stanley (a) | 2.94% | 01/21/33 | 847,952 | ||||
1,000,000 | Morgan Stanley (a) | 4.89% | 07/20/33 | 983,495 | ||||
1,000,000 | Morgan Stanley (a) | 2.48% | 09/16/36 | 760,348 | ||||
500,000 | Morgan Stanley (a) | 5.30% | 04/20/37 | 471,822 | ||||
500,000 | Morgan Stanley (a) | 3.97% | 07/22/38 | 442,011 | ||||
500,000 | Morgan Stanley (a) | 4.46% | 04/22/39 | 457,658 | ||||
1,000,000 | Morgan Stanley (a) | 3.22% | 04/22/42 | 773,270 | ||||
1,000,000 | Morgan Stanley (a) | 2.80% | 01/25/52 | 661,374 | ||||
47,549,063 | ||||||||
Chemicals – 0.2% | ||||||||
250,000 | Dow Chemical (The) Co. | 2.10% | 11/15/30 | 208,743 | ||||
250,000 | Dow Chemical (The) Co. | 4.80% | 05/15/49 | 222,533 | ||||
500,000 | International Flavors & Fragrances, Inc. (b) | 1.83% | 10/15/27 | 424,782 | ||||
500,000 | International Flavors & Fragrances, Inc. (b) | 3.27% | 11/15/40 | 356,535 | ||||
500,000 | International Flavors & Fragrances, Inc. (b) | 3.47% | 12/01/50 | 340,558 | ||||
1,553,151 | ||||||||
Diversified Telecommunication Services – 1.8% | ||||||||
3,000,000 | AT&T, Inc. | 1.70% | 03/25/26 | 2,761,413 | ||||
500,000 | AT&T, Inc. | 2.30% | 06/01/27 | 458,361 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Diversified Telecommunication Services (Continued) | ||||||||
$500,000 | AT&T, Inc. | 1.65% | 02/01/28 | $439,444 | ||||
462,000 | AT&T, Inc. | 4.30% | 02/15/30 | 449,090 | ||||
500,000 | AT&T, Inc. | 2.75% | 06/01/31 | 431,105 | ||||
500,000 | AT&T, Inc. | 2.25% | 02/01/32 | 408,975 | ||||
1,392,000 | AT&T, Inc. | 2.55% | 12/01/33 | 1,120,436 | ||||
1,186,000 | AT&T, Inc. | 3.50% | 09/15/53 | 862,576 | ||||
504,000 | AT&T, Inc. | 3.55% | 09/15/55 | 362,413 | ||||
1,044,000 | AT&T, Inc. | 3.65% | 09/15/59 | 747,359 | ||||
1,500,000 | Verizon Communications, Inc. | 1.45% | 03/20/26 | 1,380,775 | ||||
500,000 | Verizon Communications, Inc. | 2.10% | 03/22/28 | 445,598 | ||||
1,119,000 | Verizon Communications, Inc. | 4.02% | 12/03/29 | 1,072,022 | ||||
500,000 | Verizon Communications, Inc. | 1.75% | 01/20/31 | 403,514 | ||||
500,000 | Verizon Communications, Inc. | 2.55% | 03/21/31 | 426,161 | ||||
2,003,000 | Verizon Communications, Inc. | 2.36% | 03/15/32 | 1,644,222 | ||||
500,000 | Verizon Communications, Inc. | 2.65% | 11/20/40 | 357,406 | ||||
500,000 | Verizon Communications, Inc. | 3.40% | 03/22/41 | 398,014 | ||||
500,000 | Verizon Communications, Inc. | 2.88% | 11/20/50 | 333,069 | ||||
1,000,000 | Verizon Communications, Inc. | 3.55% | 03/22/51 | 764,207 | ||||
1,000,000 | Verizon Communications, Inc. | 3.88% | 03/01/52 | 810,242 | ||||
16,076,402 | ||||||||
Electric Utilities – 8.4% | ||||||||
500,000 | AEP Texas, Inc. | 4.70% | 05/15/32 | 489,080 | ||||
1,000,000 | AEP Texas, Inc. | 3.45% | 05/15/51 | 735,809 | ||||
500,000 | AEP Texas, Inc. | 5.25% | 05/15/52 | 489,084 | ||||
900,000 | AEP Transmission Co., LLC | 4.25% | 09/15/48 | 791,917 | ||||
2,000,000 | AEP Transmission Co., LLC | 2.75% | 08/15/51 | 1,333,669 | ||||
500,000 | AEP Transmission Co., LLC | 5.40% | 03/15/53 | 521,612 | ||||
1,980,000 | Alabama Power Co. | 3.75% | 09/01/27 | 1,927,229 | ||||
500,000 | Alabama Power Co. | 3.45% | 10/01/49 | 375,953 | ||||
1,000,000 | Alabama Power Co. | 3.13% | 07/15/51 | 710,967 | ||||
1,282,000 | American Electric Power Co., Inc. | 2.03% | 03/15/24 | 1,240,801 | ||||
2,500,000 | American Electric Power Co., Inc. | 1.00% | 11/01/25 | 2,271,543 | ||||
1,000,000 | American Electric Power Co., Inc. | 5.75% | 11/01/27 | 1,040,454 | ||||
500,000 | American Electric Power Co., Inc. | 5.95% | 11/01/32 | 532,467 | ||||
2,500,000 | American Electric Power Co., Inc. | 5.63% | 03/01/33 | 2,588,125 | ||||
2,542,000 | American Transmission Systems, Inc. (b) | 2.65% | 01/15/32 | 2,142,447 | ||||
1,000,000 | Appalachian Power Co. | 2.70% | 04/01/31 | 850,382 | ||||
2,000,000 | Appalachian Power Co. | 4.50% | 08/01/32 | 1,921,417 | ||||
1,000,000 | Commonwealth Edison Co. | 2.55% | 06/15/26 | 941,417 | ||||
500,000 | Commonwealth Edison Co. | 4.90% | 02/01/33 | 509,793 | ||||
500,000 | Commonwealth Edison Co. | 4.00% | 03/01/49 | 419,462 | ||||
1,000,000 | Commonwealth Edison Co. | 5.30% | 02/01/53 | 1,046,092 | ||||
500,000 | Duke Energy Carolinas LLC | 2.85% | 03/15/32 | 435,197 | ||||
2,000,000 | Duke Energy Carolinas LLC | 4.95% | 01/15/33 | 2,056,585 | ||||
500,000 | Duke Energy Carolinas LLC | 3.55% | 03/15/52 | 390,199 | ||||
2,000,000 | Duke Energy Carolinas LLC | 5.35% | 01/15/53 | 2,084,516 | ||||
2,000,000 | Duke Energy Corp. | 5.00% | 12/08/25 | 2,014,996 | ||||
2,000,000 | Duke Energy Corp. | 5.00% | 12/08/27 | 2,034,471 | ||||
500,000 | Duke Energy Corp. | 4.30% | 03/15/28 | 490,713 | ||||
750,000 | Duke Energy Corp. | 2.55% | 06/15/31 | 628,301 | ||||
1,000,000 | Duke Energy Corp. | 4.50% | 08/15/32 | 967,716 | ||||
2,500,000 | Duke Energy Corp. | 3.30% | 06/15/41 | 1,887,303 | ||||
2,000,000 | Duke Energy Corp. | 3.50% | 06/15/51 | 1,464,609 | ||||
2,500,000 | Duke Energy Corp. | 5.00% | 08/15/52 | 2,329,609 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Electric Utilities (Continued) | ||||||||
$500,000 | Duke Energy Ohio, Inc. | 5.25% | 04/01/33 | $514,828 | ||||
1,000,000 | Duke Energy Progress LLC | 4.00% | 04/01/52 | 834,481 | ||||
2,000,000 | Exelon Corp. | 2.75% | 03/15/27 | 1,872,367 | ||||
1,000,000 | Exelon Corp. | 3.35% | 03/15/32 | 891,670 | ||||
1,500,000 | Exelon Corp. | 4.10% | 03/15/52 | 1,235,505 | ||||
2,900,000 | FirstEnergy Transmission LLC (b) | 4.35% | 01/15/25 | 2,862,306 | ||||
500,000 | Indiana Michigan Power Co. | 3.75% | 07/01/47 | 393,206 | ||||
500,000 | Indiana Michigan Power Co. | 3.25% | 05/01/51 | 354,589 | ||||
1,000,000 | Indiana Michigan Power Co. | 5.63% | 04/01/53 | 1,042,719 | ||||
500,000 | NextEra Energy Capital Holdings, Inc. | 4.20% | 06/20/24 | 494,484 | ||||
3,000,000 | NextEra Energy Capital Holdings, Inc. | 4.26% | 09/01/24 | 2,973,565 | ||||
1,000,000 | NextEra Energy Capital Holdings, Inc. | 6.05% | 03/01/25 | 1,017,820 | ||||
3,000,000 | Ohio Edison Co. (b) | 5.50% | 01/15/33 | 3,072,589 | ||||
2,500,000 | Ohio Power Co. | 2.90% | 10/01/51 | 1,712,822 | ||||
1,000,000 | Pacific Gas and Electric Co. | 4.95% | 06/08/25 | 988,902 | ||||
1,000,000 | Pacific Gas and Electric Co. | 5.45% | 06/15/27 | 991,014 | ||||
500,000 | Pacific Gas and Electric Co. | 3.25% | 06/01/31 | 424,187 | ||||
500,000 | PECO Energy Co. | 3.90% | 03/01/48 | 423,253 | ||||
4,000,000 | PECO Energy Co. | 4.38% | 08/15/52 | 3,628,985 | ||||
3,000,000 | Public Service Co. of Colorado | 5.25% | 04/01/53 | 3,060,446 | ||||
1,000,000 | Southern (The) Co. | 5.15% | 10/06/25 | 1,012,971 | ||||
1,000,000 | Southern (The) Co. | 5.70% | 10/15/32 | 1,052,636 | ||||
500,000 | Southern California Edison Co. | 2.50% | 06/01/31 | 424,574 | ||||
1,500,000 | Southern California Edison Co. | 2.75% | 02/01/32 | 1,288,886 | ||||
500,000 | Southern California Edison Co. | 3.65% | 06/01/51 | 383,297 | ||||
1,500,000 | Southern California Edison Co. | 3.45% | 02/01/52 | 1,101,101 | ||||
500,000 | Southwestern Electric Power Co. | 2.75% | 10/01/26 | 464,634 | ||||
1,382,000 | Virginia Electric & Power Co. | 2.95% | 11/15/26 | 1,300,926 | ||||
500,000 | Virginia Electric & Power Co. | 3.75% | 05/15/27 | 485,507 | ||||
500,000 | Virginia Electric & Power Co. | 4.60% | 12/01/48 | 453,931 | ||||
500,000 | Virginia Electric & Power Co. | 4.63% | 05/15/52 | 454,790 | ||||
76,876,926 | ||||||||
Gas Utilities – 0.0% | ||||||||
500,000 | Southern Co. Gas Capital Corp. | 4.40% | 05/30/47 | 428,070 | ||||
Ground Transportation – 0.6% | ||||||||
3,000,000 | CSX Corp. | 4.10% | 11/15/32 | 2,893,343 | ||||
1,500,000 | CSX Corp. | 4.50% | 11/15/52 | 1,375,137 | ||||
1,500,000 | Union Pacific Corp. | 4.95% | 05/15/53 | 1,522,247 | ||||
5,790,727 | ||||||||
Health Care Equipment & Supplies – 0.3% | ||||||||
1,000,000 | Alcon Finance Corp. (b) | 5.38% | 12/06/32 | 1,030,433 | ||||
1,000,000 | Baxter International, Inc. | 2.27% | 12/01/28 | 869,621 | ||||
1,000,000 | Baxter International, Inc. | 3.13% | 12/01/51 | 649,969 | ||||
2,550,023 | ||||||||
Health Care Providers & Services – 4.2% | ||||||||
1,143,000 | Centene Corp. | 4.25% | 12/15/27 | 1,102,378 | ||||
2,000,000 | Centene Corp. | 2.45% | 07/15/28 | 1,741,800 | ||||
1,000,000 | Centene Corp. | 2.50% | 03/01/31 | 810,700 | ||||
1,750,000 | CVS Health Corp. | 2.63% | 08/15/24 | 1,697,138 | ||||
1,000,000 | CVS Health Corp. | 4.10% | 03/25/25 | 991,936 | ||||
1,000,000 | CVS Health Corp. | 3.88% | 07/20/25 | 982,497 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Health Care Providers & Services (Continued) | ||||||||
$1,500,000 | CVS Health Corp. | 1.30% | 08/21/27 | $1,306,858 | ||||
800,000 | CVS Health Corp. | 1.75% | 08/21/30 | 650,723 | ||||
500,000 | CVS Health Corp. | 1.88% | 02/28/31 | 405,227 | ||||
2,500,000 | CVS Health Corp. | 2.13% | 09/15/31 | 2,045,252 | ||||
1,000,000 | CVS Health Corp. | 5.25% | 02/21/33 | 1,021,002 | ||||
500,000 | CVS Health Corp. | 2.70% | 08/21/40 | 358,089 | ||||
1,250,000 | CVS Health Corp. | 5.05% | 03/25/48 | 1,170,586 | ||||
1,000,000 | CVS Health Corp. | 5.63% | 02/21/53 | 1,014,278 | ||||
1,000,000 | Elevance Health, Inc. | 5.35% | 10/15/25 | 1,009,378 | ||||
500,000 | Elevance Health, Inc. | 2.55% | 03/15/31 | 430,584 | ||||
500,000 | Elevance Health, Inc. | 4.10% | 05/15/32 | 478,544 | ||||
1,000,000 | Elevance Health, Inc. | 3.60% | 03/15/51 | 779,969 | ||||
500,000 | Elevance Health, Inc. | 4.55% | 05/15/52 | 452,118 | ||||
1,000,000 | Elevance Health, Inc. | 6.10% | 10/15/52 | 1,117,318 | ||||
1,000,000 | HCA, Inc. | 2.38% | 07/15/31 | 807,813 | ||||
2,500,000 | HCA, Inc. | 3.50% | 07/15/51 | 1,729,676 | ||||
2,500,000 | UnitedHealth Group, Inc. | 5.15% | 10/15/25 | 2,548,815 | ||||
2,500,000 | UnitedHealth Group, Inc. | 5.25% | 02/15/28 | 2,601,513 | ||||
1,000,000 | UnitedHealth Group, Inc. | 4.25% | 01/15/29 | 993,185 | ||||
3,500,000 | UnitedHealth Group, Inc. | 5.30% | 02/15/30 | 3,691,128 | ||||
1,000,000 | UnitedHealth Group, Inc. | 5.35% | 02/15/33 | 1,063,734 | ||||
2,000,000 | UnitedHealth Group, Inc. | 5.88% | 02/15/53 | 2,251,543 | ||||
500,000 | UnitedHealth Group, Inc. | 5.05% | 04/15/53 | 506,068 | ||||
1,000,000 | UnitedHealth Group, Inc. | 6.05% | 02/15/63 | 1,140,495 | ||||
500,000 | UnitedHealth Group, Inc. | 5.20% | 04/15/63 | 506,911 | ||||
500,000 | Universal Health Services, Inc. | 2.65% | 10/15/30 | 401,275 | ||||
1,000,000 | Universal Health Services, Inc. | 2.65% | 01/15/32 | 781,039 | ||||
38,589,570 | ||||||||
Insurance – 0.7% | ||||||||
1,000,000 | Aon Corp / Aon Global Holdings PLC | 5.35% | 02/28/33 | 1,036,901 | ||||
1,000,000 | Arthur J. Gallagher & Co. | 5.50% | 03/02/33 | 1,022,675 | ||||
1,000,000 | Arthur J. Gallagher & Co. | 5.75% | 03/02/53 | 1,004,006 | ||||
700,000 | Brown & Brown, Inc. | 4.20% | 09/15/24 | 687,569 | ||||
750,000 | Brown & Brown, Inc. | 2.38% | 03/15/31 | 600,086 | ||||
1,000,000 | Marsh & McLennan Cos., Inc. | 5.75% | 11/01/32 | 1,074,548 | ||||
1,000,000 | Marsh & McLennan Cos., Inc. | 6.25% | 11/01/52 | 1,127,829 | ||||
6,553,614 | ||||||||
Life Sciences Tools & Services – 0.7% | ||||||||
500,000 | PerkinElmer, Inc. | 2.25% | 09/15/31 | 400,698 | ||||
3,775,000 | Thermo Fisher Scientific, Inc. | 4.80% | 11/21/27 | 3,866,095 | ||||
500,000 | Thermo Fisher Scientific, Inc. | 4.95% | 11/21/32 | 519,266 | ||||
2,000,000 | Thermo Fisher Scientific, Inc. | 2.80% | 10/15/41 | 1,523,923 | ||||
6,309,982 | ||||||||
Media – 1.5% | ||||||||
2,500,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 2.25% | 01/15/29 | 2,086,336 | ||||
500,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 2.30% | 02/01/32 | 381,303 | ||||
1,000,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 3.50% | 06/01/41 | 687,106 | ||||
2,500,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 3.50% | 03/01/42 | 1,691,233 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Media (Continued) | ||||||||
$1,000,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 3.70% | 04/01/51 | $641,215 | ||||
2,000,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 3.90% | 06/01/52 | 1,324,467 | ||||
1,000,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 4.40% | 12/01/61 | 684,343 | ||||
500,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 5.50% | 04/01/63 | 406,367 | ||||
2,000,000 | Comcast Corp. | 5.35% | 11/15/27 | 2,083,532 | ||||
1,500,000 | Comcast Corp. | 5.50% | 11/15/32 | 1,600,769 | ||||
500,000 | Comcast Corp. | 3.25% | 11/01/39 | 406,271 | ||||
1,000,000 | Comcast Corp. | 3.75% | 04/01/40 | 859,770 | ||||
500,000 | Comcast Corp. | 4.00% | 08/15/47 | 424,752 | ||||
500,000 | Comcast Corp. | 3.45% | 02/01/50 | 386,864 | ||||
543,000 | Comcast Corp. | 2.94% | 11/01/56 | 362,080 | ||||
14,026,408 | ||||||||
Multi-Utilities – 1.1% | ||||||||
2,000,000 | Consolidated Edison Co. of New York, Inc. | 6.15% | 11/15/52 | 2,257,635 | ||||
1,185,000 | Dominion Energy, Inc. | 3.07% | 08/15/24 | 1,150,111 | ||||
2,500,000 | Dominion Energy, Inc. | 1.45% | 04/15/26 | 2,253,292 | ||||
2,500,000 | Dominion Energy, Inc. | 5.38% | 11/15/32 | 2,564,530 | ||||
2,500,000 | Dominion Energy, Inc. | 3.30% | 04/15/41 | 1,931,254 | ||||
10,156,822 | ||||||||
Oil, Gas & Consumable Fuels – 2.6% | ||||||||
500,000 | BP Capital Markets America, Inc. | 3.41% | 02/11/26 | 487,516 | ||||
500,000 | BP Capital Markets America, Inc. | 3.94% | 09/21/28 | 489,978 | ||||
500,000 | BP Capital Markets America, Inc. | 1.75% | 08/10/30 | 413,991 | ||||
2,500,000 | BP Capital Markets America, Inc. | 2.72% | 01/12/32 | 2,181,024 | ||||
500,000 | BP Capital Markets America, Inc. | 4.81% | 02/13/33 | 507,878 | ||||
1,000,000 | BP Capital Markets America, Inc. | 3.06% | 06/17/41 | 774,357 | ||||
1,000,000 | BP Capital Markets America, Inc. | 3.00% | 03/17/52 | 706,387 | ||||
500,000 | Diamondback Energy, Inc. | 3.50% | 12/01/29 | 457,461 | ||||
1,000,000 | Diamondback Energy, Inc. | 3.13% | 03/24/31 | 867,801 | ||||
2,151,000 | Energy Transfer L.P. | 4.50% | 04/15/24 | 2,125,895 | ||||
663,000 | Energy Transfer L.P. | 3.90% | 05/15/24 | 649,285 | ||||
250,000 | Energy Transfer L.P. | 4.20% | 04/15/27 | 239,832 | ||||
500,000 | Energy Transfer L.P. | 4.00% | 10/01/27 | 476,962 | ||||
500,000 | Energy Transfer L.P. | 5.55% | 02/15/28 | 508,215 | ||||
1,250,000 | Energy Transfer L.P. | 5.25% | 04/15/29 | 1,246,422 | ||||
1,000,000 | Energy Transfer L.P. | 5.75% | 02/15/33 | 1,025,250 | ||||
250,000 | Energy Transfer L.P. | 5.30% | 04/15/47 | 219,527 | ||||
500,000 | Energy Transfer L.P. | 5.40% | 10/01/47 | 445,186 | ||||
250,000 | Energy Transfer L.P. | 6.00% | 06/15/48 | 239,359 | ||||
2,250,000 | Energy Transfer L.P. | 6.25% | 04/15/49 | 2,233,366 | ||||
1,000,000 | Enterprise Products Operating LLC | 5.05% | 01/10/26 | 1,014,415 | ||||
1,360,000 | Enterprise Products Operating LLC | 5.35% | 01/31/33 | 1,410,184 | ||||
500,000 | Kinder Morgan, Inc. | 5.20% | 06/01/33 | 497,128 | ||||
500,000 | Pioneer Natural Resources Co. | 1.13% | 01/15/26 | 454,668 | ||||
250,000 | Plains All American Pipeline L.P./PAA Finance Corp. | 3.80% | 09/15/30 | 223,025 | ||||
1,000,000 | Plains All American Pipeline L.P./PAA Finance Corp. | 4.90% | 02/15/45 | 802,730 | ||||
500,000 | Sabine Pass Liquefaction LLC | 5.00% | 03/15/27 | 498,600 | ||||
250,000 | Sabine Pass Liquefaction LLC | 4.20% | 03/15/28 | 240,343 | ||||
250,000 | Williams (The) Cos., Inc. | 3.50% | 11/15/30 | 226,618 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Oil, Gas & Consumable Fuels (Continued) | ||||||||
$1,000,000 | Williams (The) Cos., Inc. | 2.60% | 03/15/31 | $841,628 | ||||
625,000 | Williams (The) Cos., Inc. | 4.90% | 01/15/45 | 551,576 | ||||
270,000 | Williams (The) Cos., Inc. | 5.10% | 09/15/45 | 247,463 | ||||
1,000,000 | Williams (The) Cos., Inc. | 4.85% | 03/01/48 | 886,796 | ||||
24,190,866 | ||||||||
Personal Care Products – 0.2% | ||||||||
1,000,000 | Kenvue, Inc. (b) | 5.05% | 03/22/28 | 1,034,031 | ||||
1,000,000 | Kenvue, Inc. (b) | 5.10% | 03/22/43 | 1,032,466 | ||||
2,066,497 | ||||||||
Pharmaceuticals – 0.7% | ||||||||
500,000 | Astrazeneca Finance LLC | 1.75% | 05/28/28 | 443,871 | ||||
1,000,000 | Astrazeneca Finance LLC | 2.25% | 05/28/31 | 860,917 | ||||
1,000,000 | Eli Lilly & Co. | 4.70% | 02/27/33 | 1,025,818 | ||||
500,000 | Eli Lilly & Co. | 4.95% | 02/27/63 | 515,049 | ||||
2,000,000 | Zoetis, Inc. | 5.40% | 11/14/25 | 2,034,827 | ||||
1,000,000 | Zoetis, Inc. | 5.60% | 11/16/32 | 1,067,186 | ||||
5,947,668 | ||||||||
Professional Services – 0.2% | ||||||||
1,000,000 | Fiserv, Inc. | 3.20% | 07/01/26 | 949,670 | ||||
500,000 | Fiserv, Inc. | 3.50% | 07/01/29 | 464,288 | ||||
250,000 | Fiserv, Inc. | 2.65% | 06/01/30 | 215,957 | ||||
500,000 | Fiserv, Inc. | 4.40% | 07/01/49 | 427,611 | ||||
2,057,526 | ||||||||
Semiconductors & Semiconductor Equipment – 0.4% | ||||||||
500,000 | Broadcom, Inc. (b) | 1.95% | 02/15/28 | 435,229 | ||||
500,000 | Broadcom, Inc. (b) | 2.45% | 02/15/31 | 409,589 | ||||
250,000 | Broadcom, Inc. | 4.30% | 11/15/32 | 230,468 | ||||
250,000 | Broadcom, Inc. (b) | 2.60% | 02/15/33 | 196,209 | ||||
383,000 | Broadcom, Inc. (b) | 3.42% | 04/15/33 | 320,731 | ||||
500,000 | Broadcom, Inc. (b) | 3.47% | 04/15/34 | 411,027 | ||||
642,000 | Broadcom, Inc. (b) | 4.93% | 05/15/37 | 584,417 | ||||
500,000 | Broadcom, Inc. (b) | 3.50% | 02/15/41 | 377,607 | ||||
500,000 | Broadcom, Inc. (b) | 3.75% | 02/15/51 | 369,000 | ||||
3,334,277 | ||||||||
Software – 2.2% | ||||||||
1,000,000 | Oracle Corp. | 2.50% | 04/01/25 | 957,825 | ||||
787,000 | Oracle Corp. | 5.80% | 11/10/25 | 807,011 | ||||
1,000,000 | Oracle Corp. | 4.50% | 05/06/28 | 988,466 | ||||
750,000 | Oracle Corp. | 6.15% | 11/09/29 | 799,200 | ||||
1,500,000 | Oracle Corp. | 4.65% | 05/06/30 | 1,461,048 | ||||
2,500,000 | Oracle Corp. | 6.25% | 11/09/32 | 2,690,248 | ||||
500,000 | Oracle Corp. | 4.90% | 02/06/33 | 489,941 | ||||
500,000 | Oracle Corp. | 6.50% | 04/15/38 | 542,259 | ||||
1,900,000 | Oracle Corp. | 5.38% | 07/15/40 | 1,820,580 | ||||
500,000 | Oracle Corp. | 3.65% | 03/25/41 | 386,206 | ||||
500,000 | Oracle Corp. | 3.60% | 04/01/50 | 355,159 | ||||
500,000 | Oracle Corp. | 3.95% | 03/25/51 | 376,981 | ||||
2,000,000 | Oracle Corp. | 6.90% | 11/09/52 | 2,244,543 | ||||
1,000,000 | Oracle Corp. | 5.55% | 02/06/53 | 953,301 | ||||
2,500,000 | Salesforce.com, Inc. | 3.70% | 04/11/28 | 2,458,030 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Software (Continued) | ||||||||
$1,250,000 | Salesforce.com, Inc. | 2.70% | 07/15/41 | $940,004 | ||||
500,000 | VMware, Inc. | 1.40% | 08/15/26 | 442,501 | ||||
500,000 | VMware, Inc. | 1.80% | 08/15/28 | 422,519 | ||||
1,000,000 | VMware, Inc. | 2.20% | 08/15/31 | 792,309 | ||||
19,928,131 | ||||||||
Specialized REITs – 0.1% | ||||||||
500,000 | Crown Castle, Inc. | 1.05% | 07/15/26 | 440,866 | ||||
500,000 | Crown Castle, Inc. | 2.10% | 04/01/31 | 408,833 | ||||
849,699 | ||||||||
Specialty Retail – 0.4% | ||||||||
1,462,000 | AutoZone, Inc. | 4.50% | 02/01/28 | 1,450,195 | ||||
2,000,000 | AutoZone, Inc. | 4.75% | 02/01/33 | 1,977,302 | ||||
3,427,497 | ||||||||
Water Utilities – 0.3% | ||||||||
2,920,000 | American Water Capital Corp. | 3.85% | 03/01/24 | 2,880,117 | ||||
Wireless Telecommunication Services – 1.5% | ||||||||
2,500,000 | T-Mobile USA, Inc. | 3.50% | 04/15/25 | 2,431,458 | ||||
1,000,000 | T-Mobile USA, Inc. | 1.50% | 02/15/26 | 914,013 | ||||
500,000 | T-Mobile USA, Inc. | 3.75% | 04/15/27 | 480,955 | ||||
2,000,000 | T-Mobile USA, Inc. | 4.75% | 02/01/28 | 1,976,217 | ||||
750,000 | T-Mobile USA, Inc. | 2.05% | 02/15/28 | 665,795 | ||||
750,000 | T-Mobile USA, Inc. | 2.55% | 02/15/31 | 636,013 | ||||
500,000 | T-Mobile USA, Inc. | 2.25% | 11/15/31 | 409,682 | ||||
1,500,000 | T-Mobile USA, Inc. | 5.20% | 01/15/33 | 1,530,835 | ||||
1,500,000 | T-Mobile USA, Inc. | 3.00% | 02/15/41 | 1,113,285 | ||||
1,000,000 | T-Mobile USA, Inc. | 3.30% | 02/15/51 | 712,180 | ||||
1,500,000 | T-Mobile USA, Inc. | 5.65% | 01/15/53 | 1,538,044 | ||||
1,000,000 | T-Mobile USA, Inc. | 5.80% | 09/15/62 | 1,037,575 | ||||
13,446,052 | ||||||||
Total Corporate Bonds and Notes | 434,668,042 | |||||||
(Cost $471,079,639) | ||||||||
U.S. GOVERNMENT BONDS AND NOTES – 4.1% | ||||||||
7,000,000 | Federal Agricultural Mortgage Corp Discount Notes | 04/03/23 | 7,000,000 | |||||
6,075,000 | U.S. Treasury Bond | 3.88% | 02/15/43 | 6,130,529 | ||||
290,000 | U.S. Treasury Bond | 4.00% | 11/15/52 | 307,853 | ||||
1,750,000 | U.S. Treasury Note (c) | 0.13% | 06/30/23 | 1,730,937 | ||||
9,000,000 | U.S. Treasury Note | 4.63% | 02/28/25 | 9,088,242 | ||||
1,000,000 | U.S. Treasury Note | 3.88% | 03/31/25 | 997,012 | ||||
5,265,000 | U.S. Treasury Note | 4.00% | 02/15/26 | 5,287,417 | ||||
3,465,000 | U.S. Treasury Note | 4.00% | 02/29/28 | 3,527,939 | ||||
1,500,000 | U.S. Treasury Note | 3.63% | 03/31/28 | 1,502,579 | ||||
1,955,000 | U.S. Treasury Note | 3.50% | 02/15/33 | 1,958,208 | ||||
Total U.S. Government Bonds and Notes | 37,530,716 | |||||||
(Cost $37,009,793) | ||||||||
FOREIGN CORPORATE BONDS AND NOTES – 2.0% | ||||||||
Banks – 1.0% | ||||||||
1,500,000 | Barclays PLC (a) | 1.01% | 12/10/24 | 1,445,868 | ||||
1,000,000 | BNP Paribas S.A. (a) (b) | 2.87% | 04/19/32 | 833,570 | ||||
3,250,000 | Toronto-Dominion (The) Bank | 5.10% | 01/09/26 | 3,271,939 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
FOREIGN CORPORATE BONDS AND NOTES (Continued) | ||||||||
Banks (Continued) | ||||||||
$3,250,000 | Toronto-Dominion (The) Bank | 5.16% | 01/10/28 | $3,285,866 | ||||
8,837,243 | ||||||||
Biotechnology – 0.1% | ||||||||
500,000 | CSL Finance PLC (b) | 4.75% | 04/27/52 | 471,876 | ||||
Capital Markets – 0.2% | ||||||||
500,000 | UBS Group AG (a) (b) | 1.36% | 01/30/27 | 439,526 | ||||
1,250,000 | UBS Group AG (a) (b) | 1.49% | 08/10/27 | 1,077,707 | ||||
1,000,000 | UBS Group AG (a) (b) | 2.10% | 02/11/32 | 777,017 | ||||
2,294,250 | ||||||||
Commercial Services & Supplies – 0.1% | ||||||||
1,000,000 | Waste Connections, Inc. | 3.20% | 06/01/32 | 891,969 | ||||
Ground Transportation – 0.2% | ||||||||
1,000,000 | Canadian National Railway Co. | 3.85% | 08/05/32 | 951,883 | ||||
1,000,000 | Canadian Pacific Railway Co. | 1.75% | 12/02/26 | 907,027 | ||||
500,000 | Canadian Pacific Railway Co. | 3.10% | 12/02/51 | 358,788 | ||||
2,217,698 | ||||||||
Oil, Gas & Consumable Fuels – 0.2% | ||||||||
500,000 | Canadian Natural Resources Ltd. | 6.25% | 03/15/38 | 523,434 | ||||
1,000,000 | Enbridge, Inc. | 1.60% | 10/04/26 | 897,902 | ||||
1,421,336 | ||||||||
Pharmaceuticals – 0.2% | ||||||||
1,000,000 | AstraZeneca PLC | 3.00% | 05/28/51 | 761,511 | ||||
1,500,000 | Royalty Pharma PLC | 2.15% | 09/02/31 | 1,186,377 | ||||
1,947,888 | ||||||||
Total Foreign Corporate Bonds and Notes | 18,082,260 | |||||||
(Cost $19,840,458) |
Shares | Description | Value | ||
COMMON STOCKS – 45.5% | ||||
Aerospace & Defense – 0.9% | ||||
12,379 | General Dynamics Corp. | 2,825,012 | ||
6,314 | Lockheed Martin Corp. | 2,984,817 | ||
5,628 | Northrop Grumman Corp. | 2,598,560 | ||
8,408,389 | ||||
Air Freight & Logistics – 1.4% | ||||
33,546 | CH Robinson Worldwide, Inc. | 3,333,466 | ||
29,557 | Expeditors International of Washington, Inc. | 3,254,817 | ||
29,284 | Forward Air Corp. | 3,155,644 | ||
17,668 | United Parcel Service, Inc., Class B | 3,427,415 | ||
13,171,342 | ||||
Banks – 4.7% | ||||
14,337 | City Holding Co. | 1,302,947 | ||
45,123 | Commerce Bancshares, Inc. | 2,632,927 | ||
44,325 | Community Bank System, Inc. | 2,326,619 | ||
119,279 | CVB Financial Corp. | 1,989,574 | ||
45,486 | Eagle Bancorp, Inc. | 1,522,416 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Banks (Continued) | ||||
23,616 | Enterprise Financial Services Corp. | $1,053,037 | ||
241,467 | First BanCorp | 2,757,553 | ||
62,747 | First Commonwealth Financial Corp. | 779,945 | ||
89,287 | First Financial Bankshares, Inc. | 2,848,255 | ||
27,210 | Heartland Financial USA, Inc. | 1,043,776 | ||
21,609 | Lakeland Financial Corp. | 1,353,588 | ||
73,007 | National Bank Holdings Corp., Class A | 2,442,814 | ||
26,057 | NBT Bancorp, Inc. | 878,381 | ||
80,295 | Northwest Bancshares, Inc. | 965,949 | ||
31,095 | OFG Bancorp | 775,509 | ||
13,159 | Park National Corp. | 1,560,263 | ||
46,312 | Popular, Inc. | 2,658,772 | ||
16,497 | Preferred Bank | 904,201 | ||
42,260 | Prosperity Bancshares, Inc. | 2,599,835 | ||
142,460 | Regions Financial Corp. | 2,644,058 | ||
30,390 | ServisFirst Bancshares, Inc. | 1,660,206 | ||
35,389 | UMB Financial Corp. | 2,042,653 | ||
68,471 | Washington Federal, Inc. | 2,062,347 | ||
14,908 | Westamerica BanCorp | 660,424 | ||
62,479 | Zions Bancorp N.A. | 1,869,996 | ||
43,336,045 | ||||
Biotechnology – 0.3% | ||||
11,695 | Amgen, Inc. | 2,827,266 | ||
Building Products – 1.4% | ||||
53,658 | A.O. Smith Corp. | 3,710,451 | ||
13,032 | Carlisle Cos., Inc. | 2,946,144 | ||
36,007 | Owens Corning | 3,449,470 | ||
38,755 | UFP Industries, Inc. | 3,079,860 | ||
13,185,925 | ||||
Capital Markets – 3.7% | ||||
4,335 | BlackRock, Inc. | 2,900,635 | ||
18,265 | CME Group, Inc. | 3,498,113 | ||
28,157 | Evercore, Inc., Class A | 3,248,755 | ||
29,429 | Hamilton Lane, Inc., Class A | 2,177,157 | ||
35,238 | Houlihan Lokey, Inc. | 3,082,973 | ||
34,709 | Northern Trust Corp. | 3,058,904 | ||
10,721 | Piper Sandler Cos. | 1,486,038 | ||
31,718 | PJT Partners, Inc., Class A | 2,289,722 | ||
28,745 | Raymond James Financial, Inc. | 2,681,046 | ||
52,685 | SEI Investments Co. | 3,032,022 | ||
52,620 | Stifel Financial Corp. | 3,109,316 | ||
28,162 | T. Rowe Price Group, Inc. | 3,179,490 | ||
33,744,171 | ||||
Chemicals – 0.9% | ||||
24,610 | FMC Corp. | 3,005,620 | ||
111,770 | Huntsman Corp. | 3,058,027 | ||
17,933 | Stepan Co. | 1,847,637 | ||
7,911,284 | ||||
Commercial Services & Supplies – 0.7% | ||||
84,058 | Rollins, Inc. | 3,154,697 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Commercial Services & Supplies (Continued) | ||||
21,155 | Tetra Tech, Inc. | $3,107,881 | ||
6,262,578 | ||||
Construction & Engineering – 0.4% | ||||
20,737 | EMCOR Group, Inc. | 3,371,629 | ||
Consumer Staples Distribution & Retail – 0.7% | ||||
12,473 | Dollar General Corp. | 2,625,067 | ||
68,897 | Kroger (The) Co. | 3,401,445 | ||
6,026,512 | ||||
Containers & Packaging – 0.4% | ||||
24,013 | Packaging Corp. of America | 3,333,725 | ||
Distributors – 0.4% | ||||
10,159 | Pool Corp. | 3,478,848 | ||
Electric Utilities – 0.2% | ||||
24,359 | Otter Tail Corp. | 1,760,425 | ||
Electrical Equipment – 0.4% | ||||
21,984 | AMETEK, Inc. | 3,194,935 | ||
Electronic Equipment, Instruments & Components – 0.5% | ||||
40,339 | Amphenol Corp., Class A | 3,296,503 | ||
38,100 | Methode Electronics, Inc. | 1,671,828 | ||
4,968,331 | ||||
Financial Services – 2.1% | ||||
72,043 | Essent Group Ltd. | 2,885,322 | ||
17,496 | Jack Henry & Associates, Inc. | 2,636,997 | ||
236,266 | MGIC Investment Corp. | 3,170,690 | ||
161,062 | Radian Group, Inc. | 3,559,470 | ||
14,784 | Visa, Inc., Class A | 3,333,201 | ||
49,950 | Voya Financial, Inc. | 3,569,427 | ||
19,155,107 | ||||
Food Products – 1.3% | ||||
33,080 | Archer-Daniels-Midland Co. | 2,635,153 | ||
30,785 | Bunge Ltd. | 2,940,583 | ||
13,264 | Hershey (The) Co. | 3,374,494 | ||
49,340 | Tyson Foods, Inc., Class A | 2,926,849 | ||
11,877,079 | ||||
Ground Transportation – 2.0% | ||||
17,615 | JB Hunt Transport Services, Inc. | 3,090,728 | ||
58,604 | Knight-Swift Transportation Holdings, Inc. | 3,315,814 | ||
18,854 | Landstar System, Inc. | 3,379,768 | ||
60,945 | Marten Transport Ltd. | 1,276,798 | ||
10,823 | Old Dominion Freight Line, Inc. | 3,688,911 | ||
76,290 | Werner Enterprises, Inc. | 3,470,432 | ||
18,222,451 | ||||
Health Care Equipment & Supplies – 0.3% | ||||
27,976 | Abbott Laboratories | 2,832,850 | ||
Health Care Providers & Services – 1.2% | ||||
6,017 | Chemed Corp. | 3,235,642 | ||
9,270 | Cigna (The) Group | 2,368,763 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Health Care Providers & Services (Continued) | ||||
5,996 | Humana, Inc. | $2,910,818 | ||
5,794 | UnitedHealth Group, Inc. | 2,738,186 | ||
11,253,409 | ||||
Hotels, Restaurants & Leisure – 0.4% | ||||
33,771 | Texas Roadhouse, Inc. | 3,649,294 | ||
Household Durables – 0.4% | ||||
33,280 | Garmin Ltd. | 3,358,618 | ||
Household Products – 0.3% | ||||
20,266 | Procter & Gamble (The) Co. | 3,013,352 | ||
Industrial Conglomerates – 0.3% | ||||
25,612 | 3M Co. | 2,692,077 | ||
Insurance – 3.6% | ||||
42,694 | Aflac, Inc. | 2,754,617 | ||
67,327 | American Equity Investment Life Holding Co. | 2,456,762 | ||
81,645 | Fidelity National Financial, Inc. | 2,851,860 | ||
58,683 | First American Financial Corp. | 3,266,296 | ||
25,479 | Globe Life, Inc. | 2,803,199 | ||
40,504 | Hartford Financial Services Group (The), Inc. | 2,822,724 | ||
127,182 | Old Republic International Corp. | 3,175,734 | ||
36,599 | Principal Financial Group, Inc. | 2,720,038 | ||
23,398 | RLI Corp. | 3,109,828 | ||
34,664 | Selective Insurance Group, Inc. | 3,304,519 | ||
24,082 | Stewart Information Services Corp. | 971,709 | ||
16,383 | Travelers (The) Cos., Inc. | 2,808,210 | ||
33,045,496 | ||||
IT Services – 0.7% | ||||
11,511 | Accenture PLC, Class A | 3,289,959 | ||
53,706 | Cognizant Technology Solutions Corp., Class A | 3,272,307 | ||
6,562,266 | ||||
Life Sciences Tools & Services – 0.7% | ||||
11,572 | Danaher Corp. | 2,916,607 | ||
5,578 | Thermo Fisher Scientific, Inc. | 3,214,992 | ||
6,131,599 | ||||
Machinery – 4.3% | ||||
73,833 | Allison Transmission Holdings, Inc. | 3,340,205 | ||
7,163 | Deere & Co. | 2,957,459 | ||
30,355 | Franklin Electric Co., Inc. | 2,856,406 | ||
45,666 | Graco, Inc. | 3,334,075 | ||
37,872 | ITT, Inc. | 3,268,354 | ||
21,258 | Lincoln Electric Holdings, Inc. | 3,594,728 | ||
52,059 | Mueller Industries, Inc. | 3,825,295 | ||
12,921 | Nordson Corp. | 2,871,822 | ||
46,550 | PACCAR, Inc. | 3,407,460 | ||
13,442 | Snap-on, Inc. | 3,318,695 | ||
27,134 | Toro (The) Co. | 3,016,215 | ||
21,004 | Watts Water Technologies, Inc., Class A | 3,535,393 | ||
39,326,107 | ||||
Marine Transportation – 0.3% | ||||
49,135 | Matson, Inc. | 2,931,885 |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Metals & Mining – 0.8% | ||||
63,591 | Commercial Metals Co. | $3,109,600 | ||
15,172 | Reliance Steel & Aluminum Co. | 3,895,259 | ||
7,004,859 | ||||
Oil, Gas & Consumable Fuels – 0.3% | ||||
125,008 | Coterra Energy, Inc. | 3,067,696 | ||
Pharmaceuticals – 1.0% | ||||
17,388 | Johnson & Johnson | 2,695,140 | ||
27,683 | Merck & Co., Inc. | 2,945,194 | ||
20,960 | Zoetis, Inc. | 3,488,583 | ||
9,128,917 | ||||
Professional Services – 1.8% | ||||
12,860 | Automatic Data Processing, Inc. | 2,863,022 | ||
29,387 | Booz Allen Hamilton Holding Corp. | 2,723,881 | ||
30,997 | Exponent, Inc. | 3,090,091 | ||
14,724 | Kforce, Inc. | 931,146 | ||
26,579 | Paychex, Inc. | 3,045,688 | ||
41,601 | Robert Half International, Inc. | 3,351,792 | ||
16,005,620 | ||||
Semiconductors & Semiconductor Equipment – 2.0% | ||||
116,210 | Intel Corp. | 3,796,581 | ||
69,396 | Kulicke & Soffa Industries, Inc. | 3,656,475 | ||
42,825 | Power Integrations, Inc. | 3,624,708 | ||
33,704 | Skyworks Solutions, Inc. | 3,976,398 | ||
18,590 | Texas Instruments, Inc. | 3,457,926 | ||
18,512,088 | ||||
Software – 0.4% | ||||
12,807 | Microsoft Corp. | 3,692,258 | ||
Specialty Retail – 1.7% | ||||
38,293 | Best Buy Co., Inc. | 2,997,193 | ||
67,728 | Buckle (The), Inc. | 2,417,212 | ||
26,724 | Penske Automotive Group, Inc. | 3,789,731 | ||
38,588 | TJX (The) Cos., Inc. | 3,023,756 | ||
13,652 | Tractor Supply Co. | 3,208,766 | ||
15,436,658 | ||||
Textiles, Apparel & Luxury Goods – 1.4% | ||||
41,167 | Carter’s, Inc. | 2,960,731 | ||
35,072 | Columbia Sportswear Co. | 3,164,897 | ||
197,902 | Levi Strauss & Co., Class A | 3,607,753 | ||
96,104 | Steven Madden Ltd. | 3,459,744 | ||
13,193,125 | ||||
Trading Companies & Distributors – 1.2% | ||||
44,729 | Boise Cascade Co. | 2,829,109 | ||
64,908 | Fastenal Co. | 3,501,138 | ||
20,925 | Rush Enterprises, Inc., Class A | 1,142,505 | ||
12,315 | Watsco, Inc. | 3,918,140 | ||
11,390,892 | ||||
Total Common Stocks | 416,465,108 | |||
(Cost $384,920,254) |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Shares | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS – 0.7% | ||||
Industrial REITs – 0.3% | ||||
306,534 | LXP Industrial Trust | $3,160,366 | ||
Specialized REITs – 0.4% | ||||
69,823 | PotlatchDeltic Corp. | 3,456,238 | ||
Total Real Estate Investment Trusts | 6,616,604 | |||
(Cost $7,376,866) |
Total Investments – 99.8% | 913,362,730 | ||
(Cost $920,227,010) |
Net Other Assets and Liabilities – 0.2% | 1,609,947 | ||
Net Assets – 100.0% | $914,972,677 |
Futures Contracts | Position | Number of Contracts | Expiration Date | Notional Value | Unrealized Appreciation (Depreciation)/ Value | |||||
U.S. Treasury 5-Year Notes | Short | 21 | Jun 2023 | $ (2,299,664) | $(48,726) | |||||
U.S. Treasury Ultra 10-Year Notes | Short | 89 | Jun 2023 | (10,781,516) | (345,758) | |||||
U.S. Treasury Ultra Bonds | Short | 26 | Jun 2023 | (3,669,250) | (73,977) | |||||
$(16,750,430) | $(468,461) |
(a) | Fixed-to-floating or fixed-to-variable rate security. The interest rate shown reflects the fixed rate in effect at March 31, 2023. 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 March 31, 2023, securities noted as such amounted to $18,999,652 or 2.1% of net assets. |
(c) | All or a portion of this security is segregated as collateral for open futures contracts. At March 31, 2023, the value of this security amounts to $1,644,922 or 0.18% of net assets. |
First Trust/Dow Jones Dividend & Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of March 31, 2023 is as follows (see Valuation Inputs in the Additional Information section):
ASSETS TABLE | ||||
Total Value at 3/31/2023 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Corporate Bonds and Notes* | $ 434,668,042 | $ — | $ 434,668,042 | $ — |
U.S. Government Bonds and Notes | 37,530,716 | — | 37,530,716 | — |
Foreign Corporate Bonds and Notes* | 18,082,260 | — | 18,082,260 | — |
Common Stocks* | 416,465,108 | 416,465,108 | — | — |
Real Estate Investment Trusts* | 6,616,604 | 6,616,604 | — | — |
Total Investments | $ 913,362,730 | $ 423,081,712 | $ 490,281,018 | $— |
LIABILITIES TABLE | ||||
Total Value at 3/31/2023 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Futures Contracts | $ (468,461) | $ (468,461) | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
First Trust Multi Income Allocation Portfolio
Portfolio of Investments
March 31, 2023 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS – 19.6% | ||||
Aerospace & Defense – 0.2% | ||||
192 | Northrop Grumman Corp. | $88,650 | ||
Banks – 0.5% | ||||
1,367 | JPMorgan Chase & Co. | 178,134 | ||
Beverages – 0.3% | ||||
568 | PepsiCo, Inc. | 103,546 | ||
Biotechnology – 0.3% | ||||
657 | AbbVie, Inc. | 104,706 | ||
Capital Markets – 0.3% | ||||
971 | Intercontinental Exchange, Inc. | 101,266 | ||
Communications Equipment – 0.3% | ||||
340 | Motorola Solutions, Inc. | 97,284 | ||
Construction & Engineering – 0.3% | ||||
629 | Quanta Services, Inc. | 104,817 | ||
Consumer Finance – 0.3% | ||||
688 | American Express Co. | 113,486 | ||
Consumer Staples Distribution & Retail – 0.5% | ||||
419 | Dollar General Corp. | 88,183 | ||
694 | Walmart, Inc. | 102,330 | ||
190,513 | ||||
Containers & Packaging – 0.2% | ||||
409 | Packaging Corp. of America | 56,781 | ||
Electric Utilities – 1.6% | ||||
988 | Alliant Energy Corp. | 52,759 | ||
997 | American Electric Power Co., Inc. | 90,717 | ||
163 | Constellation Energy Corp. | 12,796 | ||
4,610 | Enel S.p.A., ADR | 27,844 | ||
435 | Evergy, Inc. | 26,587 | ||
309 | Exelon Corp. | 12,944 | ||
566 | Iberdrola S.A., ADR | 28,142 | ||
375 | IDACORP, Inc. | 40,624 | ||
1,031 | NextEra Energy, Inc. | 79,469 | ||
3,774 | PPL Corp. | 104,879 | ||
789 | Southern (The) Co. | 54,899 | ||
595 | Xcel Energy, Inc. | 40,127 | ||
571,787 | ||||
Electrical Equipment – 0.3% | ||||
526 | Eaton Corp PLC | 90,125 | ||
Energy Equipment & Services – 0.5% | ||||
5,399 | Archrock, Inc. | 52,748 | ||
3,694 | Halliburton Co. | 116,878 | ||
169,626 | ||||
Financial Services – 0.4% | ||||
641 | Visa, Inc., Class A | 144,520 | ||
Food Products – 0.3% | ||||
1,092 | Ingredion, Inc. | 111,089 |
First Trust Multi Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Gas Utilities – 0.8% | ||||
1,466 | AltaGas Ltd. (CAD) | $24,439 | ||
680 | Atmos Energy Corp. | 76,405 | ||
2,200 | National Fuel Gas Co. | 127,028 | ||
248 | New Jersey Resources Corp. | 13,194 | ||
654 | ONE Gas, Inc. | 51,816 | ||
292,882 | ||||
Ground Transportation – 0.2% | ||||
401 | Union Pacific Corp. | 80,705 | ||
Health Care Equipment & Supplies – 0.5% | ||||
826 | Abbott Laboratories | 83,641 | ||
1,278 | Medtronic PLC | 103,032 | ||
186,673 | ||||
Health Care Providers & Services – 1.0% | ||||
852 | AmerisourceBergen Corp. | 136,414 | ||
1,491 | CVS Health Corp. | 110,796 | ||
279 | UnitedHealth Group, Inc. | 131,853 | ||
379,063 | ||||
Hotels, Restaurants & Leisure – 0.5% | ||||
647 | Darden Restaurants, Inc. | 100,388 | ||
761 | Starbucks Corp. | 79,243 | ||
179,631 | ||||
Independent Power & Renewable Electricity Producers – 0.4% | ||||
512 | AES (The) Corp. | 12,329 | ||
4,330 | Clearway Energy, Inc., Class A | 130,030 | ||
142,359 | ||||
Industrial Conglomerates – 0.1% | ||||
242 | Honeywell International, Inc. | 46,251 | ||
Insurance – 0.2% | ||||
438 | Chubb, Ltd. | 85,051 | ||
IT Services – 0.4% | ||||
467 | Accenture PLC, Class A | 133,473 | ||
Machinery – 0.4% | ||||
311 | Caterpillar, Inc. | 71,169 | ||
245 | Parker-Hannifin Corp. | 82,347 | ||
153,516 | ||||
Media – 0.2% | ||||
2,134 | Comcast Corp., Class A | 80,900 | ||
Multi-Utilities – 1.6% | ||||
1,730 | Atco Ltd., Class I (CAD) | 55,452 | ||
910 | CenterPoint Energy, Inc. | 26,809 | ||
641 | CMS Energy Corp. | 39,345 | ||
3,504 | Public Service Enterprise Group, Inc. | 218,825 | ||
1,201 | Sempra Energy | 181,543 | ||
570 | WEC Energy Group, Inc. | 54,030 | ||
576,004 |
First Trust Multi Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Oil, Gas & Consumable Fuels – 3.7% | ||||
831 | Cheniere Energy, Inc. | $130,966 | ||
1,245 | ConocoPhillips | 123,516 | ||
4,555 | DT Midstream, Inc. | 224,880 | ||
1,332 | Enbridge, Inc. | 50,816 | ||
1,399 | Hess Corp. | 185,144 | ||
5,699 | Keyera Corp. (CAD) | 124,775 | ||
10,347 | Kinder Morgan, Inc. | 181,176 | ||
1,148 | ONEOK, Inc. | 72,944 | ||
1,854 | Targa Resources Corp. | 135,249 | ||
1,258 | TC Energy Corp. | 48,949 | ||
1,690 | Williams (The) Cos., Inc. | 50,463 | ||
1,328,878 | ||||
Pharmaceuticals – 0.8% | ||||
1,636 | AstraZeneca PLC, ADR | 113,555 | ||
576 | Johnson & Johnson | 89,280 | ||
974 | Merck & Co., Inc. | 103,624 | ||
306,459 | ||||
Semiconductors & Semiconductor Equipment – 0.3% | ||||
170 | Broadcom, Inc. | 109,062 | ||
Software – 1.4% | ||||
297 | Intuit, Inc. | 132,411 | ||
574 | Microsoft Corp. | 165,484 | ||
1,406 | Oracle Corp. | 130,646 | ||
662 | SAP SE, ADR | 83,776 | ||
512,317 | ||||
Specialty Retail – 0.4% | ||||
1,755 | TJX (The) Cos., Inc. | 137,522 | ||
Technology Hardware, Storage & Peripherals – 0.2% | ||||
536 | Apple, Inc. | 88,386 | ||
Textiles, Apparel & Luxury Goods – 0.2% | ||||
577 | NIKE, Inc., Class B | 70,763 | ||
Total Common Stocks | 7,116,225 | |||
(Cost $6,448,201) | ||||
REAL ESTATE INVESTMENT TRUSTS – 12.9% | ||||
Health Care REITs – 2.5% | ||||
9,937 | CareTrust REIT, Inc. | 194,566 | ||
6,802 | Omega Healthcare Investors, Inc. | 186,443 | ||
15,073 | Sabra Health Care REIT, Inc. | 173,340 | ||
4,018 | Ventas, Inc. | 174,180 | ||
2,628 | Welltower, Inc. | 188,401 | ||
916,930 | ||||
Hotel & Resort REITs – 1.0% | ||||
11,713 | Apple Hospitality REIT, Inc. | 181,786 | ||
11,321 | Host Hotels & Resorts, Inc. | 186,683 | ||
368,469 | ||||
Industrial REITs – 1.1% | ||||
1,573 | Prologis, Inc. | 196,263 |
First Trust Multi Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Shares | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS (Continued) | ||||
Industrial REITs (Continued) | ||||
5,840 | STAG Industrial, Inc. | $197,509 | ||
393,772 | ||||
Office REITs – 0.5% | ||||
1,286 | Alexandria Real Estate Equities, Inc. | 161,509 | ||
Residential REITs – 1.5% | ||||
1,708 | Camden Property Trust | 179,067 | ||
6,319 | Invitation Homes, Inc. | 197,342 | ||
1,219 | Mid-America Apartment Communities, Inc. | 184,118 | ||
560,527 | ||||
Retail REITs – 2.0% | ||||
8,880 | Kimco Realty Corp. | 173,426 | ||
8,920 | Kite Realty Group Trust | 186,606 | ||
2,995 | Realty Income Corp. | 189,644 | ||
1,616 | Simon Property Group, Inc. | 180,944 | ||
730,620 | ||||
Specialized REITs – 4.3% | ||||
892 | American Tower Corp. | 182,271 | ||
1,196 | Extra Space Storage, Inc. | 194,864 | ||
3,628 | Gaming and Leisure Properties, Inc. | 188,874 | ||
1,783 | Life Storage, Inc. | 233,734 | ||
652 | Public Storage | 196,995 | ||
676 | SBA Communications Corp. | 176,483 | ||
5,920 | VICI Properties, Inc. | 193,110 | ||
6,151 | Weyerhaeuser Co. | 185,330 | ||
1,551,661 | ||||
Total Real Estate Investment Trusts | 4,683,488 | |||
(Cost $4,762,860) | ||||
MASTER LIMITED PARTNERSHIPS – 6.1% | ||||
Chemicals – 0.2% | ||||
3,424 | Westlake Chemical Partners, L.P. | 75,362 | ||
Independent Power & Renewable Electricity Producers – 0.4% | ||||
2,314 | NextEra Energy Partners, L.P. (a) | 140,576 | ||
Oil, Gas & Consumable Fuels – 5.5% | ||||
3,641 | Cheniere Energy Partners, L.P. | 172,292 | ||
26,782 | Energy Transfer, L.P. | 333,972 | ||
16,720 | Enterprise Products Partners, L.P. | 433,048 | ||
5,463 | Hess Midstream, L.P., Class A (a) | 158,099 | ||
6,354 | Holly Energy Partners, L.P. | 110,369 | ||
7,932 | Magellan Midstream Partners, L.P. | 430,390 | ||
4,414 | MPLX, L.P. | 152,062 |
First Trust Multi Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Shares | Description | Value | ||
MASTER LIMITED PARTNERSHIPS (Continued) | ||||
Oil, Gas & Consumable Fuels (Continued) | ||||
16,865 | Plains GP Holdings, L.P., Class A | $221,269 | ||
2,011,501 | ||||
Total Master Limited Partnerships | 2,227,439 | |||
(Cost $1,756,684) |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
U.S. GOVERNMENT BONDS AND NOTES – 9.1% | ||||||||
$79,475 | U.S. Treasury Inflation Indexed Bond (b) | 0.50% | 04/15/24 | 78,201 | ||||
106,088 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 07/15/24 | 104,029 | ||||
85,122 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 10/15/24 | 83,150 | ||||
128,836 | U.S. Treasury Inflation Indexed Bond (b) | 0.25% | 01/15/25 | 125,733 | ||||
7,936 | U.S. Treasury Inflation Indexed Bond (b) | 2.38% | 01/15/25 | 8,033 | ||||
99,607 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 04/15/25 | 96,519 | ||||
118,587 | U.S. Treasury Inflation Indexed Bond (b) | 0.38% | 07/15/25 | 116,016 | ||||
92,240 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 10/15/25 | 89,380 | ||||
112,057 | U.S. Treasury Inflation Indexed Bond (b) | 0.63% | 01/15/26 | 109,579 | ||||
47,481 | U.S. Treasury Inflation Indexed Bond (b) | 2.00% | 01/15/26 | 48,179 | ||||
92,403 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 04/15/26 | 88,695 | ||||
92,359 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 07/15/26 | 88,988 | ||||
85,397 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 10/15/26 | 82,022 | ||||
110,227 | U.S. Treasury Inflation Indexed Bond (b) | 0.38% | 01/15/27 | 106,266 | ||||
29,670 | U.S. Treasury Inflation Indexed Bond (b) | 2.38% | 01/15/27 | 30,766 | ||||
84,766 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 04/15/27 | 80,768 | ||||
91,726 | U.S. Treasury Inflation Indexed Bond (b) | 0.38% | 07/15/27 | 88,639 | ||||
80,794 | U.S. Treasury Inflation Indexed Bond (b) | 1.63% | 10/15/27 | 82,402 | ||||
109,157 | U.S. Treasury Inflation Indexed Bond (b) | 0.50% | 01/15/28 | 105,389 | ||||
41,413 | U.S. Treasury Inflation Indexed Bond (b) | 1.75% | 01/15/28 | 42,389 | ||||
25,896 | U.S. Treasury Inflation Indexed Bond (b) | 3.63% | 04/15/28 | 28,919 | ||||
104,881 | U.S. Treasury Inflation Indexed Bond (b) | 0.75% | 07/15/28 | 102,889 | ||||
87,677 | U.S. Treasury Inflation Indexed Bond (b) | 0.88% | 01/15/29 | 86,180 | ||||
40,410 | U.S. Treasury Inflation Indexed Bond (b) | 2.50% | 01/15/29 | 43,286 | ||||
47,316 | U.S. Treasury Inflation Indexed Bond (b) | 3.88% | 04/15/29 | 54,535 | ||||
114,619 | U.S. Treasury Inflation Indexed Bond (b) | 0.25% | 07/15/29 | 108,662 | ||||
97,675 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 01/15/30 | 91,079 | ||||
98,015 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 07/15/30 | 91,257 | ||||
98,836 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 01/15/31 | 91,409 | ||||
103,809 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 07/15/31 | 95,676 | ||||
112,242 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 01/15/32 | 102,603 | ||||
13,484 | U.S. Treasury Inflation Indexed Bond (b) | 3.38% | 04/15/32 | 15,959 | ||||
100,908 | U.S. Treasury Inflation Indexed Bond (b) | 0.63% | 07/15/32 | 96,463 | ||||
35,152 | U.S. Treasury Inflation Indexed Bond (b) | 1.13% | 01/15/33 | 35,092 | ||||
41,525 | U.S. Treasury Inflation Indexed Bond (b) | 2.13% | 02/15/40 | 45,895 | ||||
65,301 | U.S. Treasury Inflation Indexed Bond (b) | 2.13% | 02/15/41 | 72,169 | ||||
60,639 | U.S. Treasury Inflation Indexed Bond (b) | 0.75% | 02/15/42 | 53,023 | ||||
59,337 | U.S. Treasury Inflation Indexed Bond (b) | 0.63% | 02/15/43 | 50,159 | ||||
58,792 | U.S. Treasury Inflation Indexed Bond (b) | 1.38% | 02/15/44 | 57,021 | ||||
58,822 | U.S. Treasury Inflation Indexed Bond (b) | 0.75% | 02/15/45 | 50,169 | ||||
51,767 | U.S. Treasury Inflation Indexed Bond (b) | 1.00% | 02/15/46 | 46,361 | ||||
45,856 | U.S. Treasury Inflation Indexed Bond (b) | 0.88% | 02/15/47 | 39,757 | ||||
44,888 | U.S. Treasury Inflation Indexed Bond (b) | 1.00% | 02/15/48 | 40,038 | ||||
36,856 | U.S. Treasury Inflation Indexed Bond (b) | 1.00% | 02/15/49 | 32,830 | ||||
36,073 | U.S. Treasury Inflation Indexed Bond (b) | 0.25% | 02/15/50 | 26,211 | ||||
41,368 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 02/15/51 | 28,700 |
First Trust Multi Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
U.S. GOVERNMENT BONDS AND NOTES (Continued) | ||||||||
$41,913 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 02/15/52 | $29,154 | ||||
21,135 | U.S. Treasury Inflation Indexed Bond (b) | 1.50% | 02/15/53 | 21,445 | ||||
Total U.S. Government Bonds and Notes | 3,292,084 | |||||||
(Cost $3,496,242) | ||||||||
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES – 0.9% | ||||||||
Collateralized Mortgage Obligations – 0.6% | ||||||||
Fannie Mae REMICS | ||||||||
5 | Series 1993-119, Class H | 6.50% | 07/01/23 | 5 | ||||
80 | Series 1993-178, Class PK | 6.50% | 09/01/23 | 80 | ||||
2 | Series 1993-62, Class E | 7.00% | 04/01/23 | 2 | ||||
2 | Series 1995-24, Class G | 6.50% | 04/01/23 | 2 | ||||
503 | Series 1999-56, Class Z | 7.00% | 12/01/29 | 518 | ||||
572 | Series 2002-67, Class PE | 5.50% | 11/01/32 | 586 | ||||
13,299 | Series 2002-9, Class MS, IO, 1 Mo. LIBOR x -1 + 8.10% (c) | 3.25% | 03/25/32 | 1,392 | ||||
2,437 | Series 2002-90, Class A1 | 6.50% | 06/01/42 | 2,548 | ||||
830 | Series 2003-14, Class AQ | 3.50% | 03/01/33 | 804 | ||||
1,019 | Series 2003-41, Class OA | 4.00% | 05/01/33 | 999 | ||||
18,054 | Series 2004-10, Class ZB | 6.00% | 02/01/34 | 18,638 | ||||
6,502 | Series 2005-79, Class NF, 1 Mo. LIBOR + 0.41% (d) | 5.26% | 09/25/35 | 6,420 | ||||
13,009 | Series 2007-10, Class Z | 6.00% | 02/01/37 | 13,560 | ||||
592 | Series 2012-35, Class PL | 2.00% | 11/01/41 | 546 | ||||
218 | Series 2013-14, Class QE | 1.75% | 03/01/43 | 190 | ||||
8,427 | Series 2013-31, Class NT | 3.00% | 04/01/43 | 7,989 | ||||
FHLMC-GNMA | ||||||||
35 | Series 1994-27, Class D | 7.00% | 03/01/24 | 35 | ||||
Freddie Mac REMICS | ||||||||
202 | Series 1994-1673, Class FB, 10 Yr. Constant Maturity Treasury Rate - 0.50% (d) | 3.30% | 02/01/24 | 201 | ||||
12 | Series 1996-1847, Class LL | 7.50% | 04/01/26 | 13 | ||||
3,934 | Series 1998-2033, Class IA, IO | 7.00% | 02/01/28 | 307 | ||||
1,193 | Series 1999-2130, Class KB | 6.38% | 03/01/29 | 1,225 | ||||
17,183 | Series 1999-2174, Class PN | 6.00% | 07/01/29 | 17,477 | ||||
2,216 | Series 2001-2277, Class B | 7.50% | 01/01/31 | 2,415 | ||||
21,319 | Series 2003-2647, Class LS, 1 Mo. LIBOR x -2.5 + 14.00% (c) | 2.35% | 07/01/33 | 20,183 | ||||
14,157 | Series 2004-2768, Class PW | 4.25% | 03/01/34 | 13,823 | ||||
2,000 | Series 2004-2778, Class MM | 5.25% | 04/01/34 | 2,044 | ||||
16,824 | Series 2006-3199, Class DS, IO, 1 Mo. LIBOR x -1 + 7.15% (c) | 2.47% | 08/15/36 | 1,498 | ||||
8,155 | Series 2010-3775, Class KZ | 4.00% | 08/01/25 | 7,824 | ||||
24,112 | Series 2013-4178, Class ZN | 3.50% | 03/01/43 | 20,123 | ||||
Government National Mortgage Association | ||||||||
34,748 | Series 2007-35, Class NE | 6.00% | 06/01/37 | 35,798 | ||||
49,000 | Series 2009-61, Class QE | 5.50% | 08/01/39 | 50,255 | ||||
2,476 | Series 2011-136, Class GB | 2.50% | 05/01/40 | 2,463 | ||||
229,963 | ||||||||
Pass-through Security – 0.3% | ||||||||
Federal Home Loan Mortgage Corporation | ||||||||
2,942 | Pool C01252 | 6.50% | 11/01/31 | 3,060 | ||||
17,372 | Pool G01731 | 6.50% | 12/01/29 | 17,960 | ||||
11,709 | Pool G06358 | 4.00% | 04/01/41 | 11,501 | ||||
Federal National Mortgage Association | ||||||||
6,710 | Pool 890383 | 4.00% | 01/01/42 | 6,573 | ||||
9,755 | Pool AL0791 | 4.00% | 02/01/41 | 9,572 | ||||
15,033 | Pool AU4289 | 4.00% | 09/01/43 | 14,727 | ||||
2,266 | Pool MA0561 | 4.00% | 11/01/40 | 2,220 |
First Trust Multi Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued) | ||||||||
Pass-through Security (Continued) | ||||||||
Federal National Mortgage Association (Continued) | ||||||||
$11,114 | Pool MA1028 | 4.00% | 04/01/42 | $10,887 | ||||
Government National Mortgage Association | ||||||||
10,061 | Pool 667422 | 5.00% | 10/01/39 | 10,414 | ||||
5,409 | Pool 706201 | 5.50% | 04/01/39 | 5,538 | ||||
8,559 | Pool 736558 | 5.00% | 02/01/40 | 8,697 | ||||
10,055 | Pool 759248 | 4.00% | 02/01/41 | 9,714 | ||||
110,863 | ||||||||
Total U.S. Government Agency Mortgage-Backed Securities | 340,826 | |||||||
(Cost $369,366) | ||||||||
MORTGAGE-BACKED SECURITIES – 0.0% | ||||||||
Collateralized Mortgage Obligations – 0.0% | ||||||||
Credit Suisse First Boston Mortgage Securities Corp. | ||||||||
299 | Series 2004-6, Class 2A1 | 4.75% | 09/25/19 | 0 | ||||
MASTR Alternative Loan Trust | ||||||||
601 | Series 2004-10, Class 2A1 | 5.50% | 10/01/19 | 553 | ||||
27 | Series 2005-1, Class 5A1 | 5.50% | 01/01/20 | 24 | ||||
MASTR Asset Securitization Trust | ||||||||
4,132 | Series 2004-1, Class 5A4 | 5.50% | 02/01/34 | 4,003 | ||||
Structured Asset Mortgage Investments Trust | ||||||||
3,307 | Series 1999-1, Class 2A (e) | 3.91% | 06/01/29 | 3,032 | ||||
Total Mortgage-Backed Securities | 7,612 | |||||||
(Cost $8,359) |
Shares | Description | Value | ||
EXCHANGE-TRADED FUNDS – 49.0% | ||||
150,339 | First Trust Institutional Preferred Securities and Income ETF (f) | 2,518,178 | ||
48,155 | First Trust Limited Duration Investment Grade Corporate ETF (f) | 906,759 | ||
3,500 | First Trust Long Duration Opportunities ETF (f) | 79,844 | ||
26,000 | First Trust Low Duration Opportunities ETF (f) | 1,244,620 | ||
51,112 | First Trust Preferred Securities and Income ETF (f) | 815,748 | ||
103,427 | First Trust Senior Loan ETF (f) | 4,679,037 | ||
63,661 | First Trust Tactical High Yield ETF (f) | 2,531,161 | ||
2,500 | iShares 20+ Year Treasury Bond ETF | 265,925 | ||
15,400 | iShares 7-10 Year Treasury Bond ETF | 1,526,448 | ||
28,678 | iShares iBoxx $ Investment Grade Corporate Bond ETF | 3,143,396 | ||
750 | iShares MBS ETF | 71,047 | ||
Total Exchange-Traded Funds | 17,782,163 | |||
(Cost $19,210,116) |
Total Investments – 97.6% | 35,449,837 | ||
(Cost $36,051,828) |
Net Other Assets and Liabilities – 2.4% | 877,164 | ||
Net Assets – 100.0% | $36,327,001 |
(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. |
First Trust Multi Income Allocation Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
(e) | Collateral Strip Rate security. Coupon is based on the weighted net interest rate of the investment’s underlying collateral. The interest rate resets periodically. |
(f) | 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 March 31, 2023 is as follows (see Valuation Inputs in the Additional Information section):
Total Value at 3/31/2023 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 7,116,225 | $ 7,116,225 | $ — | $ — |
Real Estate Investment Trusts* | 4,683,488 | 4,683,488 | — | — |
Master Limited Partnerships* | 2,227,439 | 2,227,439 | — | — |
U.S. Government Bonds and Notes | 3,292,084 | — | 3,292,084 | — |
U.S. Government Agency Mortgage-Backed Securities | 340,826 | — | 340,826 | — |
Mortgage-Backed Securities | 7,612 | — | 7,612 | — |
Exchange-Traded Funds | 17,782,163 | 17,782,163 | — | — |
Total Investments | $ 35,449,837 | $ 31,809,315 | $ 3,640,522 | $— |
* | See Portfolio of Investments for industry breakout. |
Affiliated Transactions
Amounts relating to investments in affiliated funds at March 31, 2023, and for the fiscal year-to-date period (January 1, 2023 to March 31, 2023) are as follows:
Security Name | Shares at 3/31/2023 | Value at 12/31/2022 | Purchases | Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value at 3/31/2023 | Dividend Income | ||||||
First Trust Institutional Preferred Securities and Income ETF | 150,339 | $2,211,272 | $577,294 | $ (108,994) | $ (158,012) | $ (3,382) | $2,518,178 | $ 38,877 | ||||||
First Trust Limited Duration Opportunities ETF | 48,155 | 975,489 | 94,564 | (171,202) | 8,640 | (732) | 906,759 | 9,019 | ||||||
First Trust Long Duration Opportunities ETF | 3,500 | 10,943 | 67,872 | — | 1,029 | — | 79,844 | 82 | ||||||
First Trust Low Duration Opportunities ETF | 26,000 | 1,173,397 | 240,620 | (179,173) | 21,436 | (11,660) | 1,244,620 | 10,564 | ||||||
First Trust Preferred Securities and Income ETF | 51,112 | 709,162 | 185,364 | (35,637) | (45,957) | 2,816 | 815,748 | 13,641 | ||||||
First Trust Senior Loan ETF | 103,427 | 4,663,534 | 120,562 | (174,433) | 78,894 | (9,520) | 4,679,037 | 90,200 | ||||||
First Trust Tactical High Yield ETF | 63,661 | 2,530,360 | 46,156 | (99,363) | 75,683 | (21,675) | 2,531,161 | 40,594 | ||||||
$12,274,157 | $1,332,432 | $(768,802) | $(18,287) | $(44,153) | $12,775,347 | $202,977 |
First Trust Dorsey Wright Tactical Core Portfolio
Portfolio of Investments
March 31, 2023 (Unaudited)
Shares | Description | Value | ||
EXCHANGE-TRADED FUNDS – 97.2% | ||||
Capital Markets – 97.2% | ||||
18,233 | First Trust Consumer Discretionary AlphaDEX® Fund (a) | $946,840 | ||
58,158 | First Trust Developed Markets ex-US AlphaDEX® Fund (a) | 2,948,029 | ||
51,572 | First Trust Dow Jones Global Select Dividend Index Fund (a) | 1,140,257 | ||
141,150 | First Trust Emerging Markets AlphaDEX® Fund (a) | 2,992,380 | ||
270,000 | First Trust Enhanced Short Maturity ETF (a) | 16,067,700 | ||
28,092 | First Trust India NIFTY 50 Equal Weight ETF (a) | 1,179,583 | ||
19,928 | First Trust Industrials/Producer Durables AlphaDEX® Fund (a) | 1,107,000 | ||
27,129 | First Trust Japan AlphaDEX® Fund (a) | 1,229,674 | ||
68,517 | First Trust Latin America AlphaDEX® Fund (a) | 1,185,618 | ||
16,402 | First Trust Materials AlphaDEX® Fund (a) | 1,071,379 | ||
13,074 | First Trust Mid Cap Core AlphaDEX® Fund (a) | 1,176,137 | ||
26,133 | First Trust Mid Cap Value AlphaDEX® Fund (a) | 1,141,751 | ||
43,785 | First Trust Nasdaq Food & Beverage ETF (a) | 1,176,941 | ||
17,088 | First Trust Nasdaq Semiconductor ETF (a) | 1,107,473 | ||
24,795 | First Trust Small Cap Value AlphaDEX® Fund (a) | 1,132,884 | ||
20,086 | First Trust Switzerland AlphaDEX® Fund (a) | 1,224,577 | ||
29,138 | iShares Core U.S. Aggregate Bond ETF | 2,903,310 | ||
79,529 | SPDR Bloomberg Emerging Markets Local Bond ETF | 1,687,605 | ||
50,972 | SPDR Bloomberg Investment Grade Floating Rate ETF | 1,551,078 | ||
40,086 | SPDR FTSE International Government Inflation-Protected Bond ETF | 1,732,517 | ||
56,618 | SPDR Portfolio Short Term Corporate Bond ETF | 1,677,591 |
Total Investments – 97.2% | 46,380,324 | ||
(Cost $46,751,125) |
Net Other Assets and Liabilities – 2.8% | 1,348,364 | ||
Net Assets – 100.0% | $47,728,688 |
(a) | Investment in an affiliated fund. |
Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of March 31, 2023 is as follows (see Valuation Inputs in the Additional Information section):
Total Value at 3/31/2023 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Exchange-Traded Funds* | $ 46,380,324 | $ 46,380,324 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
First Trust Dorsey Wright Tactical Core Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Affiliated Transactions
Amounts relating to investments in affiliated funds at March 31, 2023, and for the fiscal year-to-date period (January 1, 2023 to March 31, 2023) are as follows:
Security Name | Shares at 3/31/2023 | Value at 12/31/2022 | Purchases | Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value at 3/31/2023 | Dividend Income | ||||||
First Trust Brazil AlphaDEX® Fund | — | $477,453 | $ — | $ (476,074) | $26,836 | $ (28,215) | $ — | $ — | ||||||
First Trust Consumer Discretionary AlphaDEX® Fund | 18,233 | — | 894,329 | — | 52,511 | — | 946,840 | — | ||||||
First Trust Developed Markets ex-US AlphaDEX® Fund | 58,158 | 1,223,034 | 1,708,686 | (36,539) | 56,929 | (4,081) | 2,948,029 | 11,917 | ||||||
First Trust Dow Jones Global Select Dividend Index Fund | 51,572 | — | 1,191,927 | — | (51,670) | — | 1,140,257 | 5,611 | ||||||
First Trust Emerging Markets AlphaDEX® Fund | 141,150 | 1,218,079 | 1,784,255 | (35,258) | 29,376 | (4,072) | 2,992,380 | 5,999 | ||||||
First Trust Energy AlphaDEX® Fund | — | 1,158,087 | — | (1,168,814) | 39,303 | (28,576) | — | — | ||||||
First Trust Enhanced Short Maturity ETF | 270,000 | 23,181,600 | — | (7,142,516) | 9,300 | 19,316 | 16,067,700 | 188,418 | ||||||
First Trust Financials AlphaDEX® Fund | — | — | 1,130,430 | (883,056) | — | (247,374) | — | 5,211 | ||||||
First Trust India NIFTY 50 Equal Weight ETF | 28,092 | 467,662 | 781,898 | (12,718) | (57,743) | 484 | 1,179,583 | 1,480 | ||||||
First Trust Industrials/Producer Durables AlphaDEX® Fund | 19,928 | 1,150,476 | — | (136,059) | 82,964 | 9,619 | 1,107,000 | 1,897 | ||||||
First Trust Japan AlphaDEX® Fund | 27,129 | 499,924 | 699,262 | (14,303) | 44,148 | 643 | 1,229,674 | 2,287 | ||||||
First Trust Latin America AlphaDEX® Fund | 68,517 | 484,687 | 715,079 | (14,381) | 1,434 | (1,201) | 1,185,618 | 2,521 | ||||||
First Trust Materials AlphaDEX® Fund | 16,402 | 1,115,644 | — | (138,805) | 81,885 | 12,655 | 1,071,379 | 4,046 | ||||||
First Trust Mid Cap Core AlphaDEX® Fund | 13,074 | 1,272,832 | — | (135,624) | 33,931 | 4,998 | 1,176,137 | 3,601 | ||||||
First Trust Mid Cap Value AlphaDEX® Fund | 26,133 | 1,274,146 | — | (167,640) | 23,637 | 11,608 | 1,141,751 | 4,053 | ||||||
First Trust Nasdaq Food & Beverage ETF | 43,785 | 1,156,820 | 57,513 | (30,571) | (6,239) | (582) | 1,176,941 | 2,772 | ||||||
First Trust Nasdaq Oil & Gas ETF | — | 1,204,069 | — | (1,097,326) | (25,408) | (81,335) | — | 6,249 | ||||||
First Trust Nasdaq Semiconductor ETF | 17,088 | — | 1,068,854 | — | 38,619 | — | 1,107,473 | — | ||||||
First Trust Small Cap Value AlphaDEX® Fund | 24,795 | 1,265,282 | — | (166,608) | 21,928 | 12,282 | 1,132,884 | 3,340 | ||||||
First Trust Switzerland AlphaDEX® Fund | 20,086 | 503,524 | 660,672 | (14,746) | 72,717 | 2,410 | 1,224,577 | 1,852 | ||||||
$37,653,319 | $10,692,905 | $(11,671,038) | $474,458 | $(321,421) | $36,828,223 | $251,254 |
First Trust Capital Strength Portfolio
Portfolio of Investments
March 31, 2023 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS – 98.4% | ||||
Aerospace & Defense – 4.1% | ||||
8,102 | General Dynamics Corp. | $1,848,957 | ||
4,255 | Lockheed Martin Corp. | 2,011,466 | ||
3,860,423 | ||||
Air Freight & Logistics – 2.2% | ||||
10,588 | United Parcel Service, Inc., Class B | 2,053,966 | ||
Beverages – 8.4% | ||||
28,470 | Brown-Forman Corp., Class B | 1,829,767 | ||
31,393 | Coca-Cola (The) Co. | 1,947,308 | ||
37,722 | Monster Beverage Corp. (a) | 2,037,365 | ||
11,103 | PepsiCo, Inc. | 2,024,077 | ||
7,838,517 | ||||
Biotechnology – 7.8% | ||||
12,609 | AbbVie, Inc. | 2,009,496 | ||
7,165 | Amgen, Inc. | 1,732,139 | ||
22,721 | Gilead Sciences, Inc. | 1,885,161 | ||
22,670 | Incyte Corp. (a) | 1,638,361 | ||
7,265,157 | ||||
Building Products – 2.2% | ||||
11,103 | Trane Technologies PLC | 2,042,730 | ||
Capital Markets – 1.8% | ||||
30,392 | Nasdaq, Inc. | 1,661,531 | ||
Chemicals – 1.9% | ||||
6,196 | Air Products and Chemicals, Inc. | 1,779,553 | ||
Communications Equipment – 2.3% | ||||
40,319 | Cisco Systems, Inc. | 2,107,676 | ||
Consumer Staples Distribution & Retail – 2.1% | ||||
3,928 | Costco Wholesale Corp. | 1,951,705 | ||
Electrical Equipment – 2.0% | ||||
21,593 | Emerson Electric Co. | 1,881,614 | ||
Electronic Equipment, Instruments & Components – 4.1% | ||||
24,159 | Amphenol Corp., Class A | 1,974,274 | ||
52,626 | Corning, Inc. | 1,856,645 | ||
3,830,919 | ||||
Financial Services – 2.0% | ||||
8,408 | Visa, Inc., Class A | 1,895,668 | ||
Food Products – 1.9% | ||||
22,255 | Archer-Daniels-Midland Co. | 1,772,833 | ||
Ground Transportation – 5.5% | ||||
58,922 | CSX Corp. | 1,764,125 | ||
7,436 | Norfolk Southern Corp. | 1,576,432 |
Shares | Description | Value | ||
Ground Transportation (Continued) | ||||
9,039 | Union Pacific Corp. | $1,819,189 | ||
5,159,746 | ||||
Health Care Equipment & Supplies – 3.9% | ||||
16,718 | Abbott Laboratories | 1,692,864 | ||
23,677 | Hologic, Inc. (a) | 1,910,734 | ||
3,603,598 | ||||
Health Care Providers & Services – 9.7% | ||||
11,628 | AmerisourceBergen Corp. | 1,861,759 | ||
3,934 | Elevance Health, Inc. | 1,808,893 | ||
3,793 | Humana, Inc. | 1,841,350 | ||
6,341 | Molina Healthcare, Inc. (a) | 1,696,154 | ||
3,875 | UnitedHealth Group, Inc. | 1,831,286 | ||
9,039,442 | ||||
Household Durables – 2.1% | ||||
19,475 | Garmin Ltd. | 1,965,417 | ||
Household Products – 4.1% | ||||
25,001 | Colgate-Palmolive Co. | 1,878,825 | ||
13,192 | Procter & Gamble (The) Co. | 1,961,519 | ||
3,840,344 | ||||
Industrial Conglomerates – 3.7% | ||||
15,633 | 3M Co. | 1,643,185 | ||
9,336 | Honeywell International, Inc. | 1,784,296 | ||
3,427,481 | ||||
Insurance – 5.3% | ||||
26,546 | Aflac, Inc. | 1,712,748 | ||
21,443 | Principal Financial Group, Inc. | 1,593,644 | ||
26,975 | W.R. Berkley Corp. | 1,679,463 | ||
4,985,855 | ||||
Machinery – 4.1% | ||||
8,007 | Cummins, Inc. | 1,912,712 | ||
4,594 | Deere & Co. | 1,896,771 | ||
3,809,483 | ||||
Oil, Gas & Consumable Fuels – 1.8% | ||||
10,426 | Chevron Corp. | 1,701,106 | ||
Pharmaceuticals – 9.5% | ||||
25,436 | Bristol-Myers Squibb Co. | 1,762,969 | ||
5,450 | Eli Lilly & Co. | 1,871,639 | ||
11,178 | Johnson & Johnson | 1,732,590 | ||
17,156 | Merck & Co., Inc. | 1,825,227 | ||
41,811 | Pfizer, Inc. | 1,705,889 | ||
8,898,314 |
First Trust Capital Strength Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Professional Services – 3.9% | ||||
7,953 | Automatic Data Processing, Inc. | $1,770,576 | ||
15,993 | Paychex, Inc. | 1,832,638 | ||
3,603,214 | ||||
Specialty Retail – 2.0% | ||||
23,713 | TJX (The) Cos., Inc. | 1,858,151 | ||
Total Investments – 98.4% | 91,834,443 | |||
(Cost $92,193,944) | ||||
Net Other Assets and Liabilities – 1.6% | 1,496,485 | |||
Net Assets – 100.0% | $93,330,928 |
(a) | Non-income producing security. |
Valuation Inputs
A summary of the inputs used to value the Fund’s investments as of March 31, 2023 is as follows (see Valuation Inputs in the Additional Information section):
Total Value at 3/31/2023 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 91,834,443 | $ 91,834,443 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
First Trust International Developed Capital Strength Portfolio
Portfolio of Investments
March 31, 2023 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS – 95.1% | ||||
Air Freight & Logistics – 1.7% | ||||
8,300 | SG Holdings Co., Ltd. (a) | $123,074 | ||
Automobiles – 2.1% | ||||
2,352 | Kia Corp. (a) | 146,784 | ||
Banks – 1.5% | ||||
1,770 | Toronto-Dominion Bank (The) | 106,017 | ||
Beverages – 4.2% | ||||
962 | Carlsberg A.S., Class B (a) | 149,271 | ||
1,325 | Heineken N.V. (a) | 142,372 | ||
291,643 | ||||
Biotechnology – 1.8% | ||||
658 | CSL Ltd. (a) | 127,435 | ||
Capital Markets – 6.1% | ||||
705 | Deutsche Boerse AG (a) | 137,271 | ||
3,500 | Hong Kong Exchanges & Clearing Ltd. (a) | 155,136 | ||
8,600 | Japan Exchange Group, Inc. (a) | 131,527 | ||
423,934 | ||||
Chemicals – 4.3% | ||||
1,514 | Croda International PLC (a) | 121,685 | ||
5,500 | Shin-Etsu Chemical Co., Ltd. (a) | 178,536 | ||
300,221 | ||||
Consumer Staples Distribution & Retail – 1.9% | ||||
2,623 | Alimentation Couche-Tard, Inc. | 131,878 | ||
Electrical Equipment – 4.1% | ||||
4,122 | ABB Ltd. (a) | 141,803 | ||
1,560 | Legrand S.A. (a) | 142,541 | ||
284,344 | ||||
Electronic Equipment, Instruments & Components – 2.0% | ||||
2,600 | Hamamatsu Photonics K.K. (a) | 140,249 | ||
Entertainment – 1.5% | ||||
2,800 | Nintendo Co., Ltd. (a) | 108,756 | ||
Food Products – 3.7% | ||||
61 | Barry Callebaut AG (a) | 129,245 | ||
1,058 | Nestle S.A. (a) | 129,002 | ||
258,247 | ||||
Ground Transportation – 1.7% | ||||
992 | Canadian National Railway Co. | 117,051 | ||
Health Care Providers & Services – 1.9% | ||||
5,719 | Sonic Healthcare Ltd. (a) | 134,070 |
Shares | Description | Value | ||
Hotels, Restaurants & Leisure – 3.8% | ||||
5,044 | Aristocrat Leisure Ltd. (a) | $126,113 | ||
5,436 | Compass Group PLC (a) | 136,615 | ||
262,728 | ||||
Household Products – 1.8% | ||||
1,669 | Reckitt Benckiser Group PLC (a) | 126,973 | ||
Industrial Conglomerates – 1.5% | ||||
3,100 | Toshiba Corp. (a) | 104,097 | ||
Insurance – 7.0% | ||||
782 | Intact Financial Corp. | 111,916 | ||
2,477 | Sampo Oyj, Class A (a) | 116,878 | ||
2,710 | Sun Life Financial, Inc. | 126,607 | ||
273 | Zurich Insurance Group AG (a) | 130,821 | ||
486,222 | ||||
IT Services – 5.4% | ||||
1,442 | CGI, Inc. (b) | 138,972 | ||
4,700 | Nomura Research Institute Ltd. (a) | 109,922 | ||
800 | Obic Co., Ltd. (a) | 126,715 | ||
375,609 | ||||
Leisure Products – 1.6% | ||||
5,100 | Bandai Namco Holdings, Inc. (a) | 109,952 | ||
Machinery – 2.2% | ||||
702 | Schindler Holding AG (a) | 155,548 | ||
Personal Care Products – 4.2% | ||||
366 | L’Oreal S.A. (a) | 163,544 | ||
2,511 | Unilever PLC (a) | 130,118 | ||
293,662 | ||||
Pharmaceuticals – 6.9% | ||||
4,700 | Chugai Pharmaceutical Co., Ltd. (a) | 116,055 | ||
710 | Merck KGaA (a) | 132,369 | ||
1,456 | Novartis AG (a) | 133,688 | ||
344 | Roche Holding AG (a) | 98,295 | ||
480,407 | ||||
Professional Services – 5.6% | ||||
4,744 | Bureau Veritas S.A. (a) | 136,307 | ||
52 | SGS S.A. (a) | 114,699 | ||
1,124 | Wolters Kluwer N.V. (a) | 141,890 | ||
392,896 | ||||
Real Estate Management & Development – 1.7% | ||||
1,200 | Daito Trust Construction Co., Ltd. (a) | 119,556 | ||
Software – 4.1% | ||||
81 | Constellation Software, Inc. | 152,285 |
First Trust International Developed Capital Strength Portfolio
Portfolio of Investments (Continued)
March 31, 2023 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Software (Continued) | ||||
13,994 | Sage Group (The) PLC (a) | $134,293 | ||
286,578 | ||||
Technology Hardware, Storage & Peripherals – 2.0% | ||||
2,857 | Samsung Electronics Co., Ltd. (a) | 141,281 | ||
Textiles, Apparel & Luxury Goods – 4.7% | ||||
250 | Kering S.A. (a) | 163,107 | ||
180 | LVMH Moet Hennessy Louis Vuitton SE (a) | 165,223 | ||
328,330 | ||||
Trading Companies & Distributors – 4.1% | ||||
1,930 | Brenntag SE (a) | 145,245 | ||
3,676 | Bunzl PLC (a) | 138,852 | ||
284,097 | ||||
Total Investments – 95.1% | 6,641,639 | |||
(Cost $6,163,613) | ||||
Net Other Assets and Liabilities – 4.9% | 340,497 | |||
Net Assets – 100.0% | $6,982,136 |
(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 March 31, 2023, securities noted as such are valued at $5,756,913 or 82.5% 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. |
Currency Exposure Diversification | % of Total Investments |
Euro | 23.9% |
Japanese Yen | 20.6 |
Swiss Franc | 15.6 |
Canadian Dollar | 13.3 |
British Pound Sterling | 11.9 |
Australian Dollar | 5.8 |
South Korean Won | 4.3 |
Hong Kong Dollar | 2.3 |
Danish Krone | 2.3 |
Total | 100.0% |
Country Allocation† | % of Net Assets |
Japan | 19.6% |
Switzerland | 14.8 |
Canada | 12.7 |
United Kingdom | 11.3 |
France | 11.0 |
Germany | 5.9 |
Australia | 5.6 |
South Korea | 4.1 |
Netherlands | 4.1 |
Hong Kong | 2.2 |
Denmark | 2.1 |
Finland | 1.7 |
Total Investments | 95.1 |
Net Other Assets and Liabilities | 4.9 |
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 March 31, 2023 is as follows (see Valuation Inputs in the Additional Information section):
Total Value at 3/31/2023 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Banks | $ 106,017 | $ 106,017 | $ — | $ — |
Consumer Staples Distribution & Retail | 131,878 | 131,878 | — | — |
Ground Transportation | 117,051 | 117,051 | — | — |
Insurance | 486,222 | 238,523 | 247,699 | — |
IT Services | 375,609 | 138,972 | 236,637 | — |
Software | 286,578 | 152,285 | 134,293 | — |
Other Industry Categories* | 5,138,284 | — | 5,138,284 | — |
Total Investments | $ 6,641,639 | $ 884,726 | $ 5,756,913 | $— |
* | See Portfolio of Investments for industry breakout. |
Additional Information
First Trust Variable Insurance Trust
March 31, 2023 (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
March 31, 2023 (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 CoreTM Index 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 CoreTM Index. 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 CORETM INDEX 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 CORETM INDEX 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 CORETM INDEX 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 StrengthTM Index and/or The International Capital StrengthTM Index (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
March 31, 2023 (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.