UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-22717
First Trust Exchange-Traded Fund VI |
(Exact name of registrant as specified in charter) |
120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
(Address of principal executive offices) |
W. Scott Jardine, Esq. First Trust Portfolios L.P. 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
(Name and address of agent for service) |
Registrant’s telephone number, including area code: (630) 765-8000
Date of fiscal year end: March 31
Date of reporting period: March 31, 2021
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Report to Stockholders.
The registrant’s annual report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 is as follows:
First Trust Nasdaq Bank ETF (FTXO)
First Trust Nasdaq Food & Beverage ETF (FTXG)
First Trust Nasdaq Oil & Gas ETF (FTXN)
First Trust Nasdaq Pharmaceuticals ETF (FTXH)
First Trust Nasdaq Retail ETF (FTXD)
First Trust Nasdaq Semiconductor ETF (FTXL)
First Trust Nasdaq Transportation ETF (FTXR)
For the Year Ended
March 31, 2021
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Fund Performance Overview | |
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20 | |
Portfolio of Investments | |
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Performance | |||
Average Annual Total Returns | Cumulative Total Returns | ||
1 Year Ended 3/31/21 | Inception (9/20/16) to 3/31/21 | Inception (9/20/16) to 3/31/21 | |
Fund Performance | |||
NAV | 105.13% | 12.97% | 73.64% |
Market Price | 105.07% | 12.96% | 73.59% |
Index Performance | |||
Nasdaq US Smart Banks Index | 106.96% | 13.74% | 79.09% |
NASDAQ US Benchmark Banks Index* | 82.91% | 15.58% | 92.55% |
NASDAQ US Benchmark Index* | 62.66% | 17.25% | 105.48% |
Sector Allocation | % of Total Investments |
Financials | 100.0% |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
First Citizens BancShares, Inc., Class A | 8.6% |
Silvergate Capital Corp., Class A | 8.4 |
Popular, Inc. | 8.0 |
PNC Financial Services Group (The), Inc. | 7.9 |
New York Community Bancorp, Inc. | 7.8 |
Citigroup, Inc. | 4.2 |
Investors Bancorp, Inc. | 4.2 |
Wells Fargo & Co. | 4.1 |
Fifth Third Bancorp | 4.1 |
First Horizon Corp. | 3.9 |
Total | 61.2% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | |||
Average Annual Total Returns | Cumulative Total Returns | ||
1 Year Ended 3/31/21 | Inception (9/20/16) to 3/31/21 | Inception (9/20/16) to 3/31/21 | |
Fund Performance | |||
NAV | 50.65% | 7.17% | 36.79% |
Market Price | 53.41% | 7.52% | 38.81% |
Index Performance | |||
Nasdaq US Smart Food & Beverage Index | 51.79% | 7.87% | 40.89% |
NASDAQ US Benchmark Food, Beverage and Tobacco Index* | 35.45% | 8.50% | 44.65% |
NASDAQ US Benchmark Index* | 62.66% | 17.25% | 105.48% |
Sector Allocation | % of Total Investments |
Consumer Staples | 90.8% |
Consumer Discretionary | 7.4 |
Materials | 1.8 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
JM Smucker (The) Co. | 8.4% |
General Mills, Inc. | 8.0 |
GrowGeneration Corp. | 7.4 |
Kellogg Co. | 7.2 |
Bunge Ltd. | 7.1 |
Darling Ingredients, Inc. | 4.3 |
Molson Coors Beverage Co., Class B | 4.3 |
Conagra Brands, Inc. | 4.1 |
Campbell Soup Co. | 4.1 |
Tyson Foods, Inc., Class A | 4.1 |
Total | 59.0% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | |||
Average Annual Total Returns | Cumulative Total Returns | ||
1 Year Ended 3/31/21 | Inception (9/20/16) to 3/31/21 | Inception (9/20/16) to 3/31/21 | |
Fund Performance | |||
NAV | 95.16% | -3.47% | -14.78% |
Market Price | 95.77% | -3.46% | -14.72% |
Index Performance | |||
Nasdaq US Smart Oil & Gas Index | 96.67% | -2.87% | -12.34% |
NASDAQ US Benchmark Energy Index* | 86.75% | -2.06% | -8.99% |
NASDAQ US Benchmark Index* | 62.66% | 17.25% | 105.48% |
Sector Allocation | % of Total Investments |
Energy | 100.0% |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
SM Energy Co. | 9.1% |
Cheniere Energy, Inc. | 8.2 |
Exxon Mobil Corp. | 7.9 |
Cabot Oil & Gas Corp. | 7.5 |
Chevron Corp. | 5.7 |
Kinder Morgan, Inc. | 4.4 |
Williams (The) Cos., Inc. | 4.0 |
PDC Energy, Inc. | 3.8 |
Pioneer Natural Resources Co. | 3.7 |
Marathon Oil Corp. | 3.7 |
Total | 58.0% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | |||
Average Annual Total Returns | Cumulative Total Returns | ||
1 Year Ended 3/31/21 | Inception (9/20/16) to 3/31/21 | Inception (9/20/16) to 3/31/21 | |
Fund Performance | |||
NAV | 33.00% | 6.62% | 33.67% |
Market Price | 33.05% | 6.63% | 33.73% |
Index Performance | |||
Nasdaq US Smart Pharmaceuticals Index | 33.63% | 7.31% | 37.63% |
NASDAQ US Benchmark Pharmaceuticals Index* | 28.45% | 11.25% | 62.05% |
NASDAQ US Benchmark Index* | 62.66% | 17.25% | 105.48% |
Sector Allocation | % of Total Investments |
Health Care | 100.0% |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Johnson & Johnson | 8.3% |
Bristol-Myers Squibb Co. | 8.3 |
United Therapeutics Corp. | 8.0 |
AbbVie, Inc. | 7.3 |
Horizon Therapeutics PLC | 7.3 |
Pfizer, Inc. | 4.3 |
Merck & Co., Inc. | 4.3 |
Prestige Consumer Healthcare, Inc. | 4.2 |
Abbott Laboratories | 4.0 |
Jazz Pharmaceuticals PLC | 3.9 |
Total | 59.9% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | |||
Average Annual Total Returns | Cumulative Total Returns | ||
1 Year Ended 3/31/21 | Inception (9/20/16) to 3/31/21 | Inception (9/20/16) to 3/31/21 | |
Fund Performance | |||
NAV | 75.23% | 11.92% | 66.45% |
Market Price | 75.54% | 11.93% | 66.55% |
Index Performance | |||
Nasdaq US Smart Retail Index | 76.59% | 12.63% | 71.32% |
NASDAQ US Benchmark Retail Index* | 59.96% | 21.83% | 144.42% |
NASDAQ US Benchmark Index* | 62.66% | 17.25% | 105.48% |
Sector Allocation | % of Total Investments |
Consumer Discretionary | 68.3% |
Consumer Staples | 19.7 |
Health Care | 10.7 |
Industrials | 1.1 |
Energy | 0.2 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
GameStop Corp., Class A | 12.1% |
Kroger (The) Co. | 7.3 |
eBay, Inc. | 7.1 |
CVS Health Corp. | 6.7 |
Walmart, Inc. | 6.1 |
Williams-Sonoma, Inc. | 4.4 |
AutoZone, Inc. | 3.9 |
McKesson Corp. | 3.7 |
Best Buy Co., Inc. | 3.7 |
Tractor Supply Co. | 3.6 |
Total | 58.6% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | |||
Average Annual Total Returns | Cumulative Total Returns | ||
1 Year Ended 3/31/21 | Inception (9/20/16) to 3/31/21 | Inception (9/20/16) to 3/31/21 | |
Fund Performance | |||
NAV | 97.11% | 30.59% | 234.71% |
Market Price | 97.32% | 30.61% | 234.87% |
Index Performance | |||
Nasdaq US Smart Semiconductor Index | 98.46% | 31.45% | 244.75% |
NASDAQ US Benchmark Semiconductors Index* | 78.62% | 29.03% | 217.00% |
NASDAQ US Benchmark Index* | 62.66% | 17.25% | 105.48% |
Sector Allocation | % of Total Investments |
Information Technology | 100.0% |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Texas Instruments, Inc. | 8.7% |
Marvell Technology Group Ltd. | 8.0 |
Synaptics, Inc. | 8.0 |
Amkor Technology, Inc. | 7.8 |
Micron Technology, Inc. | 7.6 |
Applied Materials, Inc. | 4.5 |
Entegris, Inc. | 4.2 |
KLA Corp. | 4.2 |
Intel Corp. | 4.2 |
Lam Research Corp. | 4.1 |
Total | 61.3% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | |||
Average Annual Total Returns | Cumulative Total Returns | ||
1 Year Ended 3/31/21 | Inception (9/20/16) to 3/31/21 | Inception (9/20/16) to 3/31/21 | |
Fund Performance | |||
NAV | 118.10% | 12.91% | 73.22% |
Market Price | 118.24% | 12.92% | 73.32% |
Index Performance | |||
Nasdaq US Smart Transportation Index | 119.57% | 13.58% | 77.97% |
NASDAQ US Benchmark Industrial Transportation Index* | 82.73% | 20.97% | 136.66% |
NASDAQ US Benchmark Index* | 62.66% | 17.25% | 105.48% |
Sector Allocation | % of Total Investments |
Industrials | 75.6% |
Consumer Discretionary | 24.4 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Expeditors International of Washington, Inc. | 8.7% |
Blink Charging Co. | 8.0 |
PACCAR, Inc. | 7.6 |
CH Robinson Worldwide, Inc. | 7.5 |
JB Hunt Transport Services, Inc. | 7.0 |
General Motors Co. | 4.2 |
Old Dominion Freight Line, Inc. | 4.2 |
FedEx Corp. | 4.1 |
United Rentals, Inc. | 4.1 |
United Parcel Service, Inc., Class B | 4.0 |
Total | 59.4% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Beginning Account Value October 1, 2020 | Ending Account Value March 31, 2021 | Annualized Expense Ratio Based on the Six-Month Period | Expenses Paid During the Six-Month Period (a) | |
First Trust Nasdaq Bank ETF (FTXO) | ||||
Actual | $1,000.00 | $1,861.00 | 0.60% | $4.28 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
First Trust Nasdaq Food & Beverage ETF (FTXG) | ||||
Actual | $1,000.00 | $1,229.30 | 0.60% | $3.33 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
First Trust Nasdaq Oil & Gas ETF (FTXN) | ||||
Actual | $1,000.00 | $1,669.70 | 0.60% | $3.99 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
First Trust Nasdaq Pharmaceuticals ETF (FTXH) | ||||
Actual | $1,000.00 | $1,072.80 | 0.60% | $3.10 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
First Trust Nasdaq Retail ETF (FTXD) | ||||
Actual | $1,000.00 | $1,187.40 | 0.60% | $3.27 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
Beginning Account Value October 1, 2020 | Ending Account Value March 31, 2021 | Annualized Expense Ratio Based on the Six-Month Period | Expenses Paid During the Six-Month Period (a) | |
First Trust Nasdaq Semiconductor ETF (FTXL) | ||||
Actual | $1,000.00 | $1,355.20 | 0.60% | $3.52 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
First Trust Nasdaq Transportation ETF (FTXR) | ||||
Actual | $1,000.00 | $1,407.80 | 0.60% | $3.60 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
(a) | Expenses are equal to the annualized expense ratios as indicated in the table multiplied by the average account value over the period (October 1, 2020 through March 31, 2021), multiplied by 182/365 (to reflect the six-month period). |
Shares | Description | Value | ||
COMMON STOCKS – 99.7% | ||||
Banks – 90.8% | ||||
70,526 | Bank of America Corp. | $2,728,651 | ||
130,053 | Citigroup, Inc. | 9,461,356 | ||
197,235 | Citizens Financial Group, Inc. | 8,707,925 | ||
35,947 | Comerica, Inc. | 2,578,838 | ||
23,448 | Cullen/Frost Bankers, Inc. | 2,550,204 | ||
118,735 | East West Bancorp, Inc. | 8,762,643 | ||
246,985 | Fifth Third Bancorp | 9,249,588 | ||
23,223 | First Citizens BancShares, Inc., Class A | 19,409,087 | ||
528,883 | First Horizon Corp. | 8,943,412 | ||
52,005 | First Republic Bank | 8,671,834 | ||
159,581 | Huntington Bancshares, Inc. | 2,508,613 | ||
642,272 | Investors Bancorp, Inc. | 9,434,976 | ||
58,218 | JPMorgan Chase & Co. | 8,862,526 | ||
121,548 | KeyCorp | 2,428,529 | ||
56,764 | M&T Bank Corp. | 8,605,990 | ||
101,781 | PNC Financial Services Group (The), Inc. | 17,853,405 | ||
256,447 | Popular, Inc. | 18,033,353 | ||
118,661 | Regions Financial Corp. | 2,451,536 | ||
11,212 | Signature Bank | 2,535,033 | ||
134,335 | Silvergate Capital Corp., Class A (a) | 19,098,407 | ||
112,138 | Sterling Bancorp | 2,581,417 | ||
4,844 | SVB Financial Group (a) | 2,391,289 | ||
57,858 | Synovus Financial Corp. | 2,647,004 | ||
42,977 | Truist Financial Corp. | 2,506,419 | ||
48,959 | US Bancorp | 2,707,922 | ||
236,879 | Wells Fargo & Co. | 9,254,863 | ||
26,751 | Western Alliance Bancorp | 2,526,364 | ||
161,142 | Zions Bancorp N.A. | 8,856,364 | ||
206,347,548 | ||||
Consumer Finance – 1.1% | ||||
26,023 | Discover Financial Services | 2,471,925 | ||
Thrifts & Mortgage Finance – 7.8% | ||||
1,403,424 | New York Community Bancorp, Inc. | 17,711,211 | ||
Total Investments – 99.7% | 226,530,684 | |||
(Cost $220,255,762) (b) | ||||
Net Other Assets and Liabilities – 0.3% | 762,806 | |||
Net Assets – 100.0% | $227,293,490 |
(a) | Non-income producing security. |
(b) | Aggregate cost for federal income tax purposes was $221,428,160. As of March 31, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $10,057,076 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $4,954,552. The net unrealized appreciation was $5,102,524. |
Total Value at 3/31/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 226,530,684 | $ 226,530,684 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 99.9% | ||||
Beverages – 18.7% | ||||
84 | Boston Beer (The) Co., Inc., Class A (a) | $101,327 | ||
1,208 | Brown-Forman Corp., Class B | 83,316 | ||
1,764 | Coca-Cola (The) Co. | 92,980 | ||
404 | Constellation Brands, Inc., Class A | 92,112 | ||
2,832 | Keurig Dr. Pepper, Inc. | 97,336 | ||
4,284 | Molson Coors Beverage Co., Class B (a) | 219,127 | ||
985 | Monster Beverage Corp. (a) | 89,724 | ||
1,813 | National Beverage Corp. | 88,674 | ||
669 | PepsiCo, Inc. | 94,630 | ||
959,226 | ||||
Chemicals – 1.7% | ||||
1,915 | Corteva, Inc. | 89,277 | ||
Food & Staples Retailing – 1.8% | ||||
2,371 | US Foods Holding Corp. (a) | 90,383 | ||
Food Products – 70.3% | ||||
3,365 | Archer-Daniels-Midland Co. | 191,805 | ||
3,988 | B&G Foods, Inc. | 123,867 | ||
595 | Beyond Meat, Inc. (a) | 77,421 | ||
4,607 | Bunge Ltd. | 365,197 | ||
4,187 | Campbell Soup Co. | 210,481 | ||
5,612 | Conagra Brands, Inc. | 211,011 | ||
3,021 | Darling Ingredients, Inc. (a) | 222,285 | ||
6,696 | General Mills, Inc. | 410,599 | ||
593 | Hershey (The) Co. | 93,789 | ||
2,931 | Hormel Foods Corp. | 140,043 | ||
2,111 | Ingredion, Inc. | 189,821 | ||
3,400 | JM Smucker (The) Co. | 430,202 | ||
5,825 | Kellogg Co. | 368,723 | ||
2,376 | Kraft Heinz (The) Co. | 95,040 | ||
1,084 | Lamb Weston Holdings, Inc. | 83,988 | ||
1,025 | McCormick & Co., Inc. | 91,389 | ||
1,627 | Mondelez International, Inc., Class A | 95,228 | ||
2,815 | Tyson Foods, Inc., Class A | 209,155 | ||
3,610,044 | ||||
Specialty Retail – 7.4% | ||||
7,661 | GrowGeneration Corp. (a) | 380,675 | ||
Total Investments – 99.9% | 5,129,605 | |||
(Cost $5,027,896) (b) | ||||
Net Other Assets and Liabilities – 0.1% | 3,420 | |||
Net Assets – 100.0% | $5,133,025 |
(a) | Non-income producing security. |
(b) | Aggregate cost for federal income tax purposes was $5,030,006. As of March 31, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $157,768 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $58,169. The net unrealized appreciation was $99,599. |
Total Value at 3/31/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 5,129,605 | $ 5,129,605 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 100.0% | ||||
Energy Equipment & Services – 5.7% | ||||
8,996 | Baker Hughes Co. | $194,404 | ||
10,354 | ChampionX Corp. (a) | 224,992 | ||
10,088 | Halliburton Co. | 216,489 | ||
7,665 | Helmerich & Payne, Inc. | 206,648 | ||
1,984 | Nabors Industries Ltd. (a) | 185,405 | ||
14,584 | NOV, Inc. (a) | 200,092 | ||
7,890 | Schlumberger N.V. | 214,529 | ||
174,441 | Transocean Ltd. (a) | 619,266 | ||
2,061,825 | ||||
Oil, Gas & Consumable Fuels – 94.3% | ||||
125,462 | Antero Midstream Corp. | 1,132,922 | ||
24,469 | Antero Resources Corp. (a) | 249,584 | ||
11,162 | APA Corp. | 199,800 | ||
144,904 | Cabot Oil & Gas Corp. | 2,721,297 | ||
8,613 | Callon Petroleum Co. (a) | 332,031 | ||
138,037 | Centennial Resource Development, Inc./DE, Class A (a) | 579,755 | ||
41,569 | Cheniere Energy, Inc. (a) | 2,993,384 | ||
19,760 | Chevron Corp. | 2,070,650 | ||
3,798 | Cimarex Energy Co. | 225,563 | ||
17,464 | CNX Resources Corp. (a) | 256,721 | ||
138,907 | Comstock Resources, Inc. (a) | 769,545 | ||
23,469 | ConocoPhillips | 1,243,153 | ||
8,967 | Delek US Holdings, Inc. | 195,301 | ||
10,224 | Devon Energy Corp. | 223,394 | ||
3,179 | Diamondback Energy, Inc. | 233,625 | ||
18,455 | EOG Resources, Inc. | 1,338,541 | ||
16,567 | EQT Corp. (a) | 307,815 | ||
37,737 | Equitrans Midstream Corp. | 307,934 | ||
51,524 | Exxon Mobil Corp. | 2,876,585 | ||
4,812 | Hess Corp. | 340,497 | ||
15,177 | HollyFrontier Corp. | 543,033 | ||
95,284 | Kinder Morgan, Inc. | 1,586,479 | ||
71,501 | Kosmos Energy Ltd. (a) | 219,508 | ||
42,365 | Magnolia Oil & Gas Corp., Class A (a) | 486,350 | ||
126,186 | Marathon Oil Corp. | 1,347,667 | ||
4,032 | Marathon Petroleum Corp. | 215,672 | ||
10,542 | Matador Resources, Co. | 247,210 | ||
13,486 | Murphy Oil Corp. | 221,305 | ||
8,276 | Occidental Petroleum Corp. | 220,307 | ||
4,972 | ONEOK, Inc. | 251,882 | ||
9,546 | Ovintiv, Inc. | 227,386 | ||
15,509 | PBF Energy, Inc., Class A (a) | 219,452 | ||
40,076 | PDC Energy, Inc. (a) | 1,378,614 | ||
9,462 | Phillips 66 | 771,531 | ||
8,596 | Pioneer Natural Resources Co. | 1,365,217 | ||
22,845 | Range Resources Corp. (a) | 235,989 | ||
202,117 | SM Energy Co. | 3,308,655 | ||
54,376 | Southwestern Energy Co. (a) | 252,848 | ||
7,120 | Targa Resources Corp. | 226,060 |
Shares | Description | Value | ||
Oil, Gas & Consumable Fuels (Continued) | ||||
71,270 | Tellurian, Inc. (a) | $166,772 | ||
11,825 | Valero Energy Corp. | 846,670 | ||
61,325 | Williams (The) Cos., Inc. | 1,452,789 | ||
34,389,493 | ||||
Total Investments – 100.0% | 36,451,318 | |||
(Cost $33,099,879) (b) | ||||
Net Other Assets and Liabilities – (0.0)% | (3,556) | |||
Net Assets – 100.0% | $36,447,762 |
(a) | Non-income producing security. |
(b) | Aggregate cost for federal income tax purposes was $33,661,485. As of March 31, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $3,581,304 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $791,471. The net unrealized appreciation was $2,789,833. |
Total Value at 3/31/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 36,451,318 | $ 36,451,318 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 99.9% | ||||
Biotechnology – 27.2% | ||||
12,975 | AbbVie, Inc. | $1,404,154 | ||
13,604 | Alkermes PLC (a) | 254,123 | ||
3,345 | BioMarin Pharmaceutical, Inc. (a) | 252,581 | ||
4,760 | Blueprint Medicines Corp. (a) | 462,815 | ||
9,457 | Esperion Therapeutics, Inc. (a) | 265,269 | ||
4,219 | Gilead Sciences, Inc. | 272,674 | ||
4,943 | Ionis Pharmaceuticals, Inc. (a) | 222,237 | ||
217,669 | Tonix Pharmaceuticals Holding Corp. (a) | 278,616 | ||
9,173 | United Therapeutics Corp. (a) | 1,534,368 | ||
1,218 | Vertex Pharmaceuticals, Inc. (a) | 261,736 | ||
5,208,573 | ||||
Health Care Equipment & Supplies – 4.0% | ||||
6,402 | Abbott Laboratories | 767,216 | ||
Health Care Providers & Services – 1.6% | ||||
5,028 | Cardinal Health, Inc. | 305,451 | ||
Pharmaceuticals – 67.1% | ||||
25,005 | Bristol-Myers Squibb Co. | 1,578,566 | ||
6,743 | Catalent, Inc. (a) | 710,105 | ||
12,469 | Corcept Therapeutics, Inc. (a) | 296,638 | ||
7,883 | Elanco Animal Health, Inc. (a) | 232,154 | ||
3,742 | Eli Lilly & Co. | 699,081 | ||
96,693 | Endo International PLC (a) | 716,495 | ||
15,203 | Horizon Therapeutics PLC (a) | 1,399,284 | ||
4,563 | Jazz Pharmaceuticals PLC (a) | 750,020 | ||
9,678 | Johnson & Johnson | 1,590,579 | ||
10,559 | Merck & Co., Inc. | 813,993 | ||
31,712 | Ocular Therapeutix, Inc. (a) | 520,394 | ||
10,432 | Pacira BioSciences, Inc. (a) | 731,179 | ||
6,418 | Perrigo Co. PLC | 259,737 | ||
22,896 | Pfizer, Inc. | 829,522 | ||
18,383 | Prestige Consumer Healthcare, Inc. (a) | 810,323 | ||
170,412 | TherapeuticsMD, Inc. (a) | 228,352 | ||
2,684 | Zoetis, Inc. | 422,676 | ||
12,212 | Zogenix, Inc. (a) | 238,378 | ||
12,827,476 | ||||
Total Investments – 99.9% | 19,108,716 | |||
(Cost $17,968,925) (b) | ||||
Net Other Assets and Liabilities – 0.1% | 24,211 | |||
Net Assets – 100.0% | $19,132,927 |
(a) | Non-income producing security. |
(b) | Aggregate cost for federal income tax purposes was $18,263,827. As of March 31, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $1,532,530 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $687,641. The net unrealized appreciation was $844,889. |
Total Value at 3/31/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 19,108,716 | $ 19,108,716 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 98.6% | ||||
Commercial Services & Supplies – 0.6% | ||||
544 | Copart, Inc. (a) | $59,084 | ||
Diversified Consumer Services – 0.2% | ||||
206 | Chegg, Inc. (a) | 17,646 | ||
Food & Staples Retailing – 19.4% | ||||
916 | Costco Wholesale Corp. | 322,872 | ||
18,817 | Kroger (The) Co. | 677,224 | ||
250 | Sysco Corp. | 19,685 | ||
4,424 | Walgreens Boots Alliance, Inc. | 242,877 | ||
4,190 | Walmart, Inc. | 569,128 | ||
1,831,786 | ||||
Health Care Providers & Services – 10.6% | ||||
197 | AmerisourceBergen Corp. | 23,260 | ||
8,352 | CVS Health Corp. | 628,321 | ||
1,788 | McKesson Corp. | 348,731 | ||
1,000,312 | ||||
Internet & Direct Marketing Retail – 10.2% | ||||
71 | Amazon.com, Inc. (a) | 219,680 | ||
196 | Chewy, Inc., Class A (a) | 16,603 | ||
10,743 | eBay, Inc. | 657,901 | ||
90 | Etsy, Inc. (a) | 18,150 | ||
296 | Overstock.com, Inc. (a) | 19,613 | ||
261 | Stitch Fix, Inc., Class A (a) | 12,930 | ||
69 | Wayfair, Inc., Class A (a) | 21,718 | ||
966,595 | ||||
Multiline Retail – 12.0% | ||||
1,604 | Dollar General Corp. | 325,002 | ||
1,999 | Dollar Tree, Inc. (a) | 228,806 | ||
3,151 | Kohl’s Corp. | 187,831 | ||
1,309 | Macy’s, Inc. (a) | 21,193 | ||
546 | Nordstrom, Inc. (a) | 20,677 | ||
241 | Ollie’s Bargain Outlet Holdings, Inc. (a) | 20,967 | ||
1,652 | Target Corp. | 327,212 | ||
1,131,688 | ||||
Oil, Gas & Consumable Fuels – 0.2% | ||||
1,526 | Clean Energy Fuels Corp. (a) | 20,967 | ||
Road & Rail – 0.5% | ||||
357 | Lyft, Inc., Class A (a) | 22,555 | ||
385 | Uber Technologies, Inc. (a) | 20,987 | ||
43,542 | ||||
Specialty Retail – 44.9% | ||||
1,534 | Advance Auto Parts, Inc. | 281,474 |
Shares | Description | Value | ||
Specialty Retail (Continued) | ||||
774 | American Eagle Outfitters, Inc. | $22,632 | ||
261 | AutoZone, Inc. (a) | 366,522 | ||
741 | Bed Bath & Beyond, Inc. (a) | 21,600 | ||
3,020 | Best Buy Co., Inc. | 346,726 | ||
77 | Burlington Stores, Inc. (a) | 23,008 | ||
337 | CarMax, Inc. (a) | 44,706 | ||
70 | Carvana Co. (a) | 18,368 | ||
4,246 | Dick’s Sporting Goods, Inc. | 323,333 | ||
107 | Five Below, Inc. (a) | 20,414 | ||
5,957 | GameStop Corp., Class A (a) | 1,130,758 | ||
798 | Gap (The), Inc. (a) | 23,764 | ||
779 | Home Depot (The), Inc. | 237,790 | ||
364 | L Brands, Inc. (a) | 22,517 | ||
53 | Lithia Motors, Inc., Class A | 20,675 | ||
899 | Lowe’s Cos., Inc. | 170,972 | ||
653 | O’Reilly Automotive, Inc. (a) | 331,234 | ||
41 | RH (a) | 24,461 | ||
171 | Ross Stores, Inc. | 20,505 | ||
302 | TJX (The) Cos., Inc. | 19,977 | ||
1,906 | Tractor Supply Co. | 337,514 | ||
62 | Ulta Beauty, Inc. (a) | 19,168 | ||
2,308 | Williams-Sonoma, Inc. | 413,594 | ||
4,241,712 | ||||
Total Investments – 98.6% | 9,313,332 | |||
(Cost $8,536,720) (b) | ||||
Net Other Assets and Liabilities – 1.4% | 130,783 | |||
Net Assets – 100.0% | $9,444,115 |
(a) | Non-income producing security. |
(b) | Aggregate cost for federal income tax purposes was $8,639,870. As of March 31, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $802,831 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $129,369. The net unrealized appreciation was $673,462. |
Total Value at 3/31/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 9,313,332 | $ 9,313,332 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 99.9% | ||||
Electronic Equipment, Instruments & Components – 2.7% | ||||
16,595 | II-VI, Inc. (a) | $1,134,600 | ||
5,439 | IPG Photonics Corp. (a) | 1,147,303 | ||
2,281,903 | ||||
Semiconductors & Semiconductor Equipment – 97.2% | ||||
14,633 | Advanced Micro Devices, Inc. (a) | 1,148,690 | ||
10,993 | Ambarella, Inc. (a) | 1,103,587 | ||
278,330 | Amkor Technology, Inc. | 6,599,204 | ||
7,936 | Analog Devices, Inc. | 1,230,715 | ||
28,130 | Applied Materials, Inc. | 3,758,168 | ||
7,076 | Broadcom, Inc. | 3,280,858 | ||
14,870 | Brooks Automation, Inc. | 1,214,135 | ||
15,121 | Cirrus Logic, Inc. (a) | 1,282,110 | ||
10,899 | Cree, Inc. (a) | 1,178,509 | ||
31,600 | Entegris, Inc. | 3,532,880 | ||
54,700 | Intel Corp. | 3,500,800 | ||
10,682 | KLA Corp. | 3,529,333 | ||
5,862 | Lam Research Corp. | 3,489,297 | ||
25,698 | Lattice Semiconductor Corp. (a) | 1,156,924 | ||
137,724 | Marvell Technology Group Ltd. | 6,745,722 | ||
8,102 | Microchip Technology, Inc. | 1,257,592 | ||
72,646 | Micron Technology, Inc. (a) | 6,408,104 | ||
3,302 | Monolithic Power Systems, Inc. | 1,166,299 | ||
2,254 | NVIDIA Corp. | 1,203,478 | ||
6,774 | NXP Semiconductors N.V. | 1,363,877 | ||
82,559 | ON Semiconductor Corp. (a) | 3,435,280 | ||
19,027 | Qorvo, Inc. (a) | 3,476,233 | ||
9,080 | QUALCOMM, Inc. | 1,203,917 | ||
7,940 | Silicon Laboratories, Inc. (a) | 1,120,096 | ||
6,954 | Skyworks Solutions, Inc. | 1,275,920 | ||
49,611 | Synaptics, Inc. (a) | 6,718,322 | ||
25,851 | Teradyne, Inc. | 3,145,550 | ||
38,598 | Texas Instruments, Inc. | 7,294,636 | ||
81,820,236 | ||||
Total Investments – 99.9% | 84,102,139 | |||
(Cost $71,267,395) (b) | ||||
Net Other Assets and Liabilities – 0.1% | 54,013 | |||
Net Assets – 100.0% | $84,156,152 |
(a) | Non-income producing security. |
(b) | Aggregate cost for federal income tax purposes was $71,811,475. As of March 31, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $12,945,387 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $654,723. The net unrealized appreciation was $12,290,664. |
Total Value at 3/31/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 84,102,139 | $ 84,102,139 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 100.0% | ||||
Air Freight & Logistics – 25.7% | ||||
846,524 | CH Robinson Worldwide, Inc. | $80,783,785 | ||
865,292 | Expeditors International of Washington, Inc. | 93,183,296 | ||
156,123 | FedEx Corp. | 44,345,177 | ||
251,755 | United Parcel Service, Inc., Class B | 42,795,832 | ||
113,856 | XPO Logistics, Inc. (a) | 14,038,445 | ||
275,146,535 | ||||
Airlines – 8.9% | ||||
195,900 | Alaska Air Group, Inc. (a) | 13,558,239 | ||
608,280 | American Airlines Group, Inc. (a) | 14,537,892 | ||
265,697 | Delta Air Lines, Inc. (a) | 12,827,851 | ||
691,124 | JetBlue Airways Corp. (a) | 14,057,462 | ||
219,118 | Southwest Airlines Co. (a) | 13,379,345 | ||
355,000 | Spirit Airlines, Inc. (a) | 13,099,500 | ||
241,788 | United Airlines Holdings, Inc. (a) | 13,912,482 | ||
95,372,771 | ||||
Auto Components – 4.9% | ||||
85,006 | Aptiv PLC (a) | 11,722,328 | ||
882,981 | BorgWarner, Inc. | 40,934,999 | ||
52,657,327 | ||||
Automobiles – 11.5% | ||||
3,396,093 | Ford Motor Co. (a) | 41,602,139 | ||
774,094 | General Motors Co. (a) | 44,479,441 | ||
357,093 | Harley-Davidson, Inc. | 14,319,430 | ||
18,856 | Tesla, Inc. (a) | 12,594,488 | ||
787,719 | Workhorse Group, Inc. (a) | 10,846,891 | ||
123,842,389 | ||||
Machinery – 10.8% | ||||
703,721 | Nikola Corp. (a) | 9,774,685 | ||
873,380 | PACCAR, Inc. | 81,154,469 | ||
309,588 | Westinghouse Air Brake Technologies Corp. | 24,506,986 | ||
115,436,140 | ||||
Road & Rail – 26.1% | ||||
434,017 | CSX Corp. | 41,847,919 | ||
445,839 | JB Hunt Transport Services, Inc. | 74,932,161 | ||
135,908 | Kansas City Southern | 35,868,839 | ||
148,961 | Norfolk Southern Corp. | 39,999,008 | ||
185,010 | Old Dominion Freight Line, Inc. | 44,478,254 | ||
192,923 | Union Pacific Corp. | 42,522,158 | ||
279,648,339 | ||||
Specialty Retail – 8.0% | ||||
2,077,420 | Blink Charging Co. (a) | 85,381,962 |
Shares | Description | Value | ||
Trading Companies & Distributors – 4.1% | ||||
133,616 | United Rentals, Inc. (a) | $44,001,085 | ||
Total Investments – 100.0% | 1,071,486,548 | |||
(Cost $974,538,598) (b) | ||||
Net Other Assets and Liabilities – 0.0% | 367,766 | |||
Net Assets – 100.0% | $1,071,854,314 |
(a) | Non-income producing security. |
(b) | Aggregate cost for federal income tax purposes was $978,516,004. As of March 31, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $100,294,221 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $7,323,677. The net unrealized appreciation was $92,970,544. |
Total Value at 3/31/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 1,071,486,548 | $ 1,071,486,548 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
First Trust Nasdaq Bank ETF (FTXO) | First Trust Nasdaq Food & Beverage ETF (FTXG) | First Trust Nasdaq Oil & Gas ETF (FTXN) | |||
ASSETS: | |||||
Investments, at value | $ 226,530,684 | $ 5,129,605 | $ 36,451,318 | ||
Cash | 505,075 | — | 8,655 | ||
Receivables: | |||||
Dividends | 387,592 | 3,616 | 5,405 | ||
Fund shares sold | 1,572,077 | 1,283,243 | — | ||
Dividend reclaims | — | — | — | ||
Securities lending income | — | — | 10 | ||
Investment securities sold | 6,205,550 | — | — | ||
Miscellaneous | — | 2,970 | — | ||
Total Assets | 235,200,978 | 6,419,434 | 36,465,388 | ||
LIABILITIES: | |||||
Due to custodian | — | 2,028 | — | ||
Payables: | |||||
Investment advisory fees | 111,340 | 2,019 | 17,626 | ||
Investment securities purchased | 1,566,634 | 1,282,362 | — | ||
Fund shares redeemed | 6,227,218 | — | — | ||
Distributions | — | — | — | ||
Other liabilities | 2,296 | — | — | ||
Total Liabilities | 7,907,488 | 1,286,409 | 17,626 | ||
NET ASSETS | $227,293,490 | $5,133,025 | $36,447,762 | ||
NET ASSETS consist of: | |||||
Paid-in capital | $ 292,274,912 | $ 5,627,857 | $ 39,830,357 | ||
Par value | 73,000 | 2,000 | 23,500 | ||
Accumulated distributable earnings (loss) | (65,054,422) | (496,832) | (3,406,095) | ||
NET ASSETS | $227,293,490 | $5,133,025 | $36,447,762 | ||
NET ASSET VALUE, per share | $31.14 | $25.66 | $15.51 | ||
Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per share) | 7,300,002 | 200,002 | 2,350,002 | ||
Investments, at cost | $220,255,762 | $5,027,896 | $33,099,879 |
First Trust Nasdaq Pharmaceuticals ETF (FTXH) | First Trust Nasdaq Retail ETF (FTXD) | First Trust Nasdaq Semiconductor ETF (FTXL) | First Trust Nasdaq Transportation ETF (FTXR) | |||
$ 19,108,716 | $ 9,313,332 | $ 84,102,139 | $ 1,071,486,548 | |||
7,768 | 131,597 | 85,328 | 70,735,298 | |||
25,211 | 6,832 | 10,044 | 420,951 | |||
— | — | — | 3,274,659 | |||
287 | — | — | 79 | |||
— | — | — | — | |||
— | — | — | — | |||
— | — | — | — | |||
19,141,982 | 9,451,761 | 84,197,511 | 1,145,917,535 | |||
— | — | — | — | |||
9,055 | 4,676 | 41,359 | 518,850 | |||
— | — | — | 73,543,722 | |||
— | — | — | — | |||
— | 2,970 | — | — | |||
— | — | — | 649 | |||
9,055 | 7,646 | 41,359 | 74,063,221 | |||
$ 19,132,927 | $ 9,444,115 | $ 84,156,152 | $ 1,071,854,314 | |||
$ 19,835,773 | $ 10,322,902 | $ 75,835,072 | $ 981,742,888 | |||
7,500 | 3,000 | 13,000 | 326,000 | |||
(710,346) | (881,787) | 8,308,080 | 89,785,426 | |||
$ 19,132,927 | $ 9,444,115 | $ 84,156,152 | $ 1,071,854,314 | |||
$25.51 | $31.48 | $64.74 | $32.88 | |||
750,002 | 300,002 | 1,300,002 | 32,600,002 | |||
$17,968,925 | $8,536,720 | $71,267,395 | $974,538,598 |
First Trust Nasdaq Bank ETF (FTXO) | First Trust Nasdaq Food & Beverage ETF (FTXG) | First Trust Nasdaq Oil & Gas ETF (FTXN) | ||||
INVESTMENT INCOME: | ||||||
Dividends | $ 3,063,227 | $ 53,828 | $ 498,916 | |||
Interest | 17 | — | 4 | |||
Securities lending income (net of fees) | — | — | 1,447 | |||
Other | 13 | — | 78 | |||
Total investment income | 3,063,257 | 53,828 | 500,445 | |||
EXPENSES: | ||||||
Investment advisory fees | 566,359 | 15,832 | 115,213 | |||
Total expenses | 566,359 | 15,832 | 115,213 | |||
NET INVESTMENT INCOME (LOSS) | 2,496,898 | 37,996 | 385,232 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS): | ||||||
Net realized gain (loss) on: | ||||||
Investments | (20,355,296) | (303,408) | (389,893) | |||
In-kind redemptions | 38,366,325 | 522,586 | 4,591,117 | |||
Net realized gain (loss) | 18,011,029 | 219,178 | 4,201,224 | |||
Net change in unrealized appreciation (depreciation) on investments | 49,898,872 | 819,716 | 5,482,034 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS) | 67,909,901 | 1,038,894 | 9,683,258 | |||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ 70,406,799 | $ 1,076,890 | $ 10,068,490 |
First Trust Nasdaq Pharmaceuticals ETF (FTXH) | First Trust Nasdaq Retail ETF (FTXD) | First Trust Nasdaq Semiconductor ETF (FTXL) | First Trust Nasdaq Transportation ETF (FTXR) | ||||
$268,860 | $75,812 | $577,400 | $3,095,631 | ||||
2 | — | 8 | 115 | ||||
— | — | — | — | ||||
1 | — | — | — | ||||
268,863 | 75,812 | 577,408 | 3,095,746 | ||||
96,615 | 34,894 | 329,123 | 2,644,557 | ||||
96,615 | 34,894 | 329,123 | 2,644,557 | ||||
172,248 | 40,918 | 248,285 | 451,189 | ||||
(1,312,929) | (485,925) | (1,217,614) | (9,290,602) | ||||
2,726,213 | 1,251,480 | 16,724,009 | 175,753,490 | ||||
1,413,284 | 765,555 | 15,506,395 | 166,462,888 | ||||
2,106,357 | 1,880,553 | 17,121,367 | 97,342,785 | ||||
3,519,641 | 2,646,108 | 32,627,762 | 263,805,673 | ||||
$3,691,889 | $2,687,026 | $32,876,047 | $264,256,862 |
First Trust Nasdaq Bank ETF (FTXO) | First Trust Nasdaq Food & Beverage ETF (FTXG) | ||||||
Year Ended 3/31/2021 | Year Ended 3/31/2020 | Year Ended 3/31/2021 | Year Ended 3/31/2020 | ||||
OPERATIONS: | |||||||
Net investment income (loss) | $ 2,496,898 | $ 3,666,268 | $ 37,996 | $ 52,298 | |||
Net realized gain (loss) | 18,011,029 | (14,238,137) | 219,178 | 457,279 | |||
Net change in unrealized appreciation (depreciation) | 49,898,872 | (20,119,560) | 819,716 | (837,798) | |||
Net increase (decrease) in net assets resulting from operations | 70,406,799 | (30,691,429) | 1,076,890 | (328,221) | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations | (2,495,731) | (3,868,010) | (37,626) | (51,985) | |||
Return of capital | — | — | — | — | |||
Total distributions to shareholders | (2,495,731) | (3,868,010) | (37,626) | (51,985) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold | 240,319,581 | 20,330,421 | 4,989,914 | 6,337,625 | |||
Cost of shares redeemed | (139,595,309) | (95,560,223) | (3,488,460) | (5,370,720) | |||
Net increase (decrease) in net assets resulting from shareholder transactions | 100,724,272 | (75,229,802) | 1,501,454 | 966,905 | |||
Total increase (decrease) in net assets | 168,635,340 | (109,789,241) | 2,540,718 | 586,699 | |||
NET ASSETS: | |||||||
Beginning of period | 58,658,150 | 168,447,391 | 2,592,307 | 2,005,608 | |||
End of period | $227,293,490 | $58,658,150 | $5,133,025 | $2,592,307 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period | 3,750,002 | 6,900,002 | 150,002 | 100,002 | |||
Shares sold | 8,200,000 | 800,000 | 200,000 | 300,000 | |||
Shares redeemed | (4,650,000) | (3,950,000) | (150,000) | (250,000) | |||
Shares outstanding, end of period | 7,300,002 | 3,750,002 | 200,002 | 150,002 |
First Trust Nasdaq Oil & Gas ETF (FTXN) | First Trust Nasdaq Pharmaceuticals ETF (FTXH) | First Trust Nasdaq Retail ETF (FTXD) | ||||||||
Year Ended 3/31/2021 | Year Ended 3/31/2020 | Year Ended 3/31/2021 | Year Ended 3/31/2020 | Year Ended 3/31/2021 | Year Ended 3/31/2020 | |||||
$ 385,232 | $ 172,452 | $ 172,248 | $ 62,083 | $ 40,918 | $ 81,421 | |||||
4,201,224 | (2,772,545) | 1,413,284 | 675,467 | 765,555 | 853,132 | |||||
5,482,034 | (1,452,086) | 2,106,357 | (1,041,156) | 1,880,553 | (1,325,454) | |||||
10,068,490 | (4,052,179) | 3,691,889 | (303,606) | 2,687,026 | (390,901) | |||||
(342,435) | (179,319) | (161,361) | (63,555) | (41,275) | (96,141) | |||||
— | (6,197) | — | — | — | — | |||||
(342,435) | (185,516) | (161,361) | (63,555) | (41,275) | (96,141) | |||||
37,358,049 | 12,391,122 | 20,157,542 | 4,298,507 | 8,716,861 | 2,487,585 | |||||
(17,521,673) | (13,561,689) | (10,364,671) | (3,497,323) | (5,537,780) | (7,315,467) | |||||
19,836,376 | (1,170,567) | 9,792,871 | 801,184 | 3,179,081 | (4,827,882) | |||||
29,562,431 | (5,408,262) | 13,323,399 | 434,023 | 5,824,832 | (5,314,924) | |||||
6,885,331 | 12,293,593 | 5,809,528 | 5,375,505 | 3,619,283 | 8,934,207 | |||||
$36,447,762 | $6,885,331 | $19,132,927 | $5,809,528 | $9,444,115 | $3,619,283 | |||||
850,002 | 650,002 | 300,002 | 250,002 | 200,002 | 400,002 | |||||
2,750,000 | 1,300,000 | 850,000 | 200,000 | 300,000 | 100,000 | |||||
(1,250,000) | (1,100,000) | (400,000) | (150,000) | (200,000) | (300,000) | |||||
2,350,002 | 850,002 | 750,002 | 300,002 | 300,002 | 200,002 |
First Trust Nasdaq Semiconductor ETF (FTXL) | First Trust Nasdaq Transportation ETF (FTXR) | ||||||
Year Ended 3/31/2021 | Year Ended 3/31/2020 | Year Ended 3/31/2021 | Year Ended 3/31/2020 | ||||
OPERATIONS: | |||||||
Net investment income (loss) | $ 248,285 | $ 346,704 | $ 451,189 | $ 28,799 | |||
Net realized gain (loss) | 15,506,395 | 2,536,052 | 166,462,888 | 128,146 | |||
Net change in unrealized appreciation (depreciation) | 17,121,367 | (4,808,273) | 97,342,785 | (382,690) | |||
Net increase (decrease) in net assets resulting from operations | 32,876,047 | (1,925,517) | 264,256,862 | (225,745) | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations | (248,060) | (356,856) | (1,221,540) | (28,821) | |||
Return of capital | — | — | — | — | |||
Total distributions to shareholders | (248,060) | (356,856) | (1,221,540) | (28,821) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold | 82,131,018 | 33,122,477 | 1,605,131,373 | 6,534,030 | |||
Cost of shares redeemed | (61,955,704) | (29,728,784) | (797,823,739) | (7,101,369) | |||
Net increase (decrease) in net assets resulting from shareholder transactions | 20,175,314 | 3,393,693 | 807,307,634 | (567,339) | |||
Total increase (decrease) in net assets | 52,803,301 | 1,111,320 | 1,070,342,956 | (821,905) | |||
NET ASSETS: | |||||||
Beginning of period | 31,352,851 | 30,241,531 | 1,511,358 | 2,333,263 | |||
End of period | $84,156,152 | $31,352,851 | $1,071,854,314 | $1,511,358 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period | 950,002 | 950,002 | 100,002 | 100,002 | |||
Shares sold | 1,500,000 | 900,000 | 58,950,000 | 300,000 | |||
Shares redeemed | (1,150,000) | (900,000) | (26,450,000) | (300,000) | |||
Shares outstanding, end of period | 1,300,002 | 950,002 | 32,600,002 | 100,002 |
Year Ended March 31, | Period Ended 3/31/2017 (a) | ||||||||
2021 | 2020 | 2019 | 2018 | ||||||
Net asset value, beginning of period | $ 15.64 | $ 24.41 | $ 29.50 | $ 25.94 | $ 20.01 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.59 (b) | 0.73 | 0.84 | 0.40 | 0.07 | ||||
Net realized and unrealized gain (loss) | 15.50 | (8.77) | (5.14) | 3.56 | 5.91 | ||||
Total from investment operations | 16.09 | (8.04) | (4.30) | 3.96 | 5.98 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.59) | (0.73) | (0.79) | (0.40) | (0.05) | ||||
Net asset value, end of period | $31.14 | $15.64 | $24.41 | $29.50 | $25.94 | ||||
Total return (c) | 105.13% | (33.93)% | (14.49)% | 15.35% | 29.89% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 227,293 | $ 58,658 | $ 168,447 | $ 1,314,444 | $ 1,027,400 | ||||
Ratio of total expenses to average net assets | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% (d) | ||||
Ratio of net investment income (loss) to average net assets | 2.65% | 2.69% | 1.83% | 1.47% | 4.05% (d) | ||||
Portfolio turnover rate (e) | 176% | 59% | 87% | 39% | 7% |
(a) | Inception date is September 20, 2016, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Based on average shares outstanding. |
(c) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(d) | Annualized. |
(e) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended March 31, | cPeriod Ended 3/31/2017 (a) | ||||||||
2021 | 2020 | 2019 | 2018 | ||||||
Net asset value, beginning of period | $ 17.28 | $ 20.06 | $ 19.71 | $ 20.63 | $ 19.96 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.32 | 0.27 | 0.27 | 0.35 | 0.14 | ||||
Net realized and unrealized gain (loss) | 8.38 | (2.77) | 0.33 | (0.95) | 0.64 | ||||
Total from investment operations | 8.70 | (2.50) | 0.60 | (0.60) | 0.78 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.32) | (0.28) | (0.25) | (0.32) | (0.11) | ||||
Net asset value, end of period | $25.66 | $17.28 | $20.06 | $19.71 | $20.63 | ||||
Total return (b) | 50.65% | (12.69)% | 3.13% | (2.96)% | 3.91% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 5,133 | $ 2,592 | $ 2,006 | $ 985 | $ 5,158 | ||||
Ratio of total expenses to average net assets | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% (c) | ||||
Ratio of net investment income (loss) to average net assets | 1.44% | 1.58% | 1.55% | 1.53% | 1.58% (c) | ||||
Portfolio turnover rate (d) | 131% | 59% | 108% | 76% | 54% |
(a) | Inception date is September 20, 2016, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended March 31, | Period Ended 3/31/2017 (a) | ||||||||
2021 | 2020 | 2019 | 2018 | ||||||
Net asset value, beginning of period | $ 8.10 | $ 18.91 | $ 19.95 | $ 20.63 | $ 19.84 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.22 | 0.31 | 0.41 | 0.36 | 0.14 | ||||
Net realized and unrealized gain (loss) | 7.39 | (10.79) | (1.06) | (0.67) | 0.80 | ||||
Total from investment operations | 7.61 | (10.48) | (0.65) | (0.31) | 0.94 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.20) | (0.32) | (0.39) | (0.33) | (0.15) | ||||
Return of capital | — | (0.01) | — | (0.04) | — | ||||
Total distributions | (0.20) | (0.33) | (0.39) | (0.37) | (0.15) | ||||
Net asset value, end of period | $15.51 | $8.10 | $18.91 | $19.95 | $20.63 | ||||
Total return (b) | 95.16% | (56.26)% | (3.27)% | (1.47)% | 4.75% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 36,448 | $ 6,885 | $ 12,294 | $ 3,991 | $ 2,063 | ||||
Ratio of total expenses to average net assets | 0.60% | 0.60% | 0.60% | 0.60% | 0.61% (c) (d) | ||||
Ratio of net investment income (loss) to average net assets | 2.01% | 2.14% | 1.69% | 1.96% | 1.30% (c) | ||||
Portfolio turnover rate (e) | 136% | 76% | 126% | 92% | 58% |
(a) | Inception date is September 20, 2016, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Includes excise tax. If this excise tax was not included, the expense ratio would have been 0.60%. |
(e) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended March 31, | Period Ended 3/31/2017 (a) | ||||||||
2021 | 2020 | 2019 | 2018 | ||||||
Net asset value, beginning of period | $ 19.36 | $ 21.50 | $ 21.14 | $ 19.83 | $ 20.12 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.24 | 0.18 | 0.13 | 0.17 | 0.06 | ||||
Net realized and unrealized gain (loss) | 6.14 | (2.13) | 0.35 | 1.65 | (0.28) | ||||
Total from investment operations | 6.38 | (1.95) | 0.48 | 1.82 | (0.22) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.23) | (0.19) | (0.12) | (0.17) | (0.06) | ||||
Net realized gain | — | — | — | (0.34) | (0.01) | ||||
Total distributions | (0.23) | (0.19) | (0.12) | (0.51) | (0.07) | ||||
Net asset value, end of period | $25.51 | $19.36 | $21.50 | $21.14 | $19.83 | ||||
Total return (b) | 33.00% | (9.13)% | 2.30% | 9.32% | (1.10)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 19,133 | $ 5,810 | $ 5,376 | $ 2,114 | $ 1,983 | ||||
Ratio of total expenses to average net assets | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% (c) | ||||
Ratio of net investment income (loss) to average net assets | 1.07% | 0.85% | 0.69% | 0.80% | 0.64% (c) | ||||
Portfolio turnover rate (d) | 83% | 42% | 107% | 70% | 48% |
(a) | Inception date is September 20, 2016, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended March 31, | Period Ended 3/31/2017 (a) | ||||||||
2021 | 2020 | 2019 | 2018 | ||||||
Net asset value, beginning of period | $ 18.10 | $ 22.34 | $ 20.86 | $ 19.68 | $ 19.90 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.19 | 0.27 | 0.21 | 0.31 | 0.15 | ||||
Net realized and unrealized gain (loss) | 13.39 | (4.22) | 1.45 | 1.18 | (0.24) | ||||
Total from investment operations | 13.58 | (3.95) | 1.66 | 1.49 | (0.09) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.20) | (0.29) | (0.18) | (0.31) | (0.13) | ||||
Net asset value, end of period | $31.48 | $18.10 | $22.34 | $20.86 | $19.68 | ||||
Total return (b) | 75.23% | (17.90)% | 7.98% | 7.63% | (0.45)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 9,444 | $ 3,619 | $ 8,934 | $ 1,043 | $ 1,968 | ||||
Ratio of total expenses to average net assets | 0.60% | 0.60% | 0.60% | 0.60% | 0.61% (c) (d) | ||||
Ratio of net investment income (loss) to average net assets | 0.70% | 1.11% | 1.41% | 1.54% | 1.44% (c) | ||||
Portfolio turnover rate (e) | 114% | 65% | 127% | 126% | 65% |
(a) | Inception date is September 20, 2016, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Includes excise tax. If this excise tax was not included, the expense ratio would have been 0.60%. |
(e) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended March 31, | Period Ended 3/31/2017 (a) | ||||||||
2021 | 2020 | 2019 | 2018 | ||||||
Net asset value, beginning of period | $ 33.00 | $ 31.83 | $ 32.58 | $ 25.04 | $ 19.93 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.23 | 0.38 | 0.25 | 0.14 | 0.05 | ||||
Net realized and unrealized gain (loss) | 31.75 | 1.18 | (0.79) | 7.54 | 5.11 | ||||
Total from investment operations | 31.98 | 1.56 | (0.54) | 7.68 | 5.16 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.24) | (0.39) | (0.21) | (0.14) | (0.05) | ||||
Net realized gain | — | — | — | — | (0.00) (b) | ||||
Total distributions | (0.24) | (0.39) | (0.21) | (0.14) | (0.05) | ||||
Net asset value, end of period | $64.74 | $33.00 | $31.83 | $32.58 | $25.04 | ||||
Total return (c) | 97.11% | 4.82% | (1.62)% | 30.77% | 25.92% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 84,156 | $ 31,353 | $ 30,242 | $ 47,247 | $ 15,024 | ||||
Ratio of total expenses to average net assets | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% (d) | ||||
Ratio of net investment income (loss) to average net assets | 0.45% | 1.00% | 0.78% | 0.55% | 0.66% (d) | ||||
Portfolio turnover rate (e) | 113% | 64% | 94% | 59% | 58% |
(a) | Inception date is September 20, 2016, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Amount is less than $0.01. |
(c) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(d) | Annualized. |
(e) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended March 31, | Period Ended 3/31/2017 (a) | ||||||||
2021 | 2020 | 2019 | 2018 | ||||||
Net asset value, beginning of period | $ 15.11 | $ 23.33 | $ 24.93 | $ 22.78 | $ 19.94 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.04 | 0.30 | 0.35 | 0.32 | 0.14 | ||||
Net realized and unrealized gain (loss) | 17.79 | (8.22) | (1.62) | 2.16 | 2.84 | ||||
Total from investment operations | 17.83 | (7.92) | (1.27) | 2.48 | 2.98 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.06) | (0.30) | (0.33) | (0.33) | (0.14) | ||||
Net realized gain | — | — | — | — | (0.00) (b) | ||||
Total distributions | (0.06) | (0.30) | (0.33) | (0.33) | (0.14) | ||||
Net asset value, end of period | $32.88 | $15.11 | $23.33 | $24.93 | $22.78 | ||||
Total return (c) | 118.10% | (34.35)% | (5.11)% | 10.89% | 14.97% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 1,071,854 | $ 1,511 | $ 2,333 | $ 3,740 | $ 2,278 | ||||
Ratio of total expenses to average net assets | 0.60% | 0.60% | 0.60% | 0.60% | 0.61% (d) (e) | ||||
Ratio of net investment income (loss) to average net assets | 0.10% | 1.04% | 1.38% | 1.27% | 1.22% (d) | ||||
Portfolio turnover rate (f) | 129% | 89% | 108% | 78% | 28% |
(a) | Inception date is September 20, 2016, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Amount is less than $0.01. |
(c) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(d) | Annualized. |
(e) | Includes excise tax. If this excise tax was not included, the expense ratio would have been 0.60%. |
(f) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Fund | Index |
First Trust Nasdaq Bank ETF | Nasdaq US Smart Banks Index |
First Trust Nasdaq Food & Beverage ETF | Nasdaq US Smart Food & Beverage Index |
First Trust Nasdaq Oil & Gas ETF | Nasdaq US Smart Oil & Gas Index |
First Trust Nasdaq Pharmaceuticals ETF | Nasdaq US Smart Pharmaceuticals Index |
First Trust Nasdaq Retail ETF | Nasdaq US Smart Retail Index |
First Trust Nasdaq Semiconductor ETF | Nasdaq US Smart Semiconductor Index |
First Trust Nasdaq Transportation ETF | Nasdaq US Smart Transportation Index |
1) | the type of security; |
2) | the size of the holding; |
3) | the initial cost of the security; |
4) | transactions in comparable securities; |
5) | price quotes from dealers and/or third-party pricing services; |
6) | relationships among various securities; |
7) | information obtained by contacting the issuer, analysts, or the appropriate stock exchange; |
8) | an analysis of the issuer’s financial statements; and |
9) | the existence of merger proposals or tender offers that might affect the value of the security. |
• | Level 1 – Level 1 inputs are quoted prices in active markets for identical investments. An active market is a market in which transactions for the investment occur with sufficient frequency and volume to provide pricing information on an ongoing basis. |
• | Level 2 – Level 2 inputs are observable inputs, either directly or indirectly, and include the following: |
o | Quoted prices for similar investments in active markets. |
o | Quoted prices for identical or similar investments in markets that are non-active. A non-active market is a market where there are few transactions for the investment, the prices are not current, or price quotations vary substantially either over time or among market makers, or in which little information is released publicly. |
o | Inputs other than quoted prices that are observable for the investment (for example, interest rates and yield curves observable at commonly quoted intervals, volatilities, prepayment speeds, loss severities, credit risks, and default rates). |
o | Inputs that are derived principally from or corroborated by observable market data by correlation or other means. |
• | Level 3 – Level 3 inputs are unobservable inputs. Unobservable inputs may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment. |
Distributions paid from Ordinary Income | Distributions paid from Capital Gains | Distributions paid from Return of Capital | |||
First Trust Nasdaq Bank ETF | $ 2,495,731 | $ — | $ — | ||
First Trust Nasdaq Food & Beverage ETF | 37,626 | — | — | ||
First Trust Nasdaq Oil & Gas ETF | 342,435 | — | — | ||
First Trust Nasdaq Pharmaceuticals ETF | 161,361 | — | — | ||
First Trust Nasdaq Retail ETF | 41,275 | — | — | ||
First Trust Nasdaq Semiconductor ETF | 248,060 | — | — | ||
First Trust Nasdaq Transportation ETF | 1,221,540 | — | — |
Distributions paid from Ordinary Income | Distributions paid from Capital Gains | Distributions paid from Return of Capital | |||
First Trust Nasdaq Bank ETF | $ 3,868,010 | $ — | $ — | ||
First Trust Nasdaq Food & Beverage ETF | 51,985 | — | — | ||
First Trust Nasdaq Oil & Gas ETF | 179,319 | — | 6,197 | ||
First Trust Nasdaq Pharmaceuticals ETF | 63,555 | — | — | ||
First Trust Nasdaq Retail ETF | 96,141 | — | — | ||
First Trust Nasdaq Semiconductor ETF | 356,856 | — | — | ||
First Trust Nasdaq Transportation ETF | 28,821 | — | — |
Undistributed Ordinary Income | Accumulated Capital and Other Gain (Loss) | Net Unrealized Appreciation (Depreciation) | |||
First Trust Nasdaq Bank ETF | $ 222,145 | $ (70,379,091) | $ 5,102,524 | ||
First Trust Nasdaq Food & Beverage ETF | 2,967 | (599,398) | 99,599 | ||
First Trust Nasdaq Oil & Gas ETF | 42,797 | (6,238,725) | 2,789,833 | ||
First Trust Nasdaq Pharmaceuticals ETF | 11,510 | (1,566,745) | 844,889 | ||
First Trust Nasdaq Retail ETF | 4,375 | (1,559,624) | 673,462 | ||
First Trust Nasdaq Semiconductor ETF | 22,586 | (4,005,170) | 12,290,664 | ||
First Trust Nasdaq Transportation ETF | — | (3,185,118) | 92,970,544 |
Non-Expiring Capital Loss Carryforward | |
First Trust Nasdaq Bank ETF | $ 70,379,091 |
First Trust Nasdaq Food & Beverage ETF | 599,398 |
First Trust Nasdaq Oil & Gas ETF | 6,238,725 |
First Trust Nasdaq Pharmaceuticals ETF | 1,566,745 |
First Trust Nasdaq Retail ETF | 1,559,624 |
First Trust Nasdaq Semiconductor ETF | 4,005,170 |
First Trust Nasdaq Transportation ETF | 3,185,118 |
Accumulated Net Investment Income (Loss) | Accumulated Net Realized Gain (Loss) on Investments | Paid-in Capital | |||
First Trust Nasdaq Bank ETF | $ — | $ (36,602,778) | $ 36,602,778 | ||
First Trust Nasdaq Food & Beverage ETF | — | (515,802) | 515,802 | ||
First Trust Nasdaq Oil & Gas ETF | — | (4,246,640) | 4,246,640 | ||
First Trust Nasdaq Pharmaceuticals ETF | — | (2,482,367) | 2,482,367 | ||
First Trust Nasdaq Retail ETF | — | (1,228,976) | 1,228,976 | ||
First Trust Nasdaq Semiconductor ETF | — | (16,138,068) | 16,138,068 | ||
First Trust Nasdaq Transportation ETF | 770,291 | (173,093,494) | 172,323,203 |
Purchases | Sales | ||
First Trust Nasdaq Bank ETF | $ 167,890,431 | $ 167,352,522 | |
First Trust Nasdaq Food & Beverage ETF | 3,694,404 | 3,686,381 | |
First Trust Nasdaq Oil & Gas ETF | 26,142,403 | 25,402,209 | |
First Trust Nasdaq Pharmaceuticals ETF | 13,051,315 | 13,000,308 | |
First Trust Nasdaq Retail ETF | 6,466,121 | 6,567,507 | |
First Trust Nasdaq Semiconductor ETF | 61,855,472 | 61,778,641 | |
First Trust Nasdaq Transportation ETF | 563,667,110 | 565,305,924 | |
Purchases | Sales | ||
First Trust Nasdaq Bank ETF | $ 239,712,034 | $ 140,057,163 | |
First Trust Nasdaq Food & Beverage ETF | 4,974,221 | 3,481,282 | |
First Trust Nasdaq Oil & Gas ETF | 37,285,980 | 17,810,125 | |
First Trust Nasdaq Pharmaceuticals ETF | 20,114,466 | 10,367,775 | |
First Trust Nasdaq Retail ETF | 8,697,717 | 5,538,604 | |
First Trust Nasdaq Semiconductor ETF | 82,047,057 | 61,972,086 | |
First Trust Nasdaq Transportation ETF | 1,603,411,082 | 795,594,677 |
Dividends Received Deduction | |
First Trust Nasdaq Bank ETF | 100.00% |
First Trust Nasdaq Food & Beverage ETF | 100.00% |
First Trust Nasdaq Oil & Gas ETF | 100.00% |
First Trust Nasdaq Pharmaceuticals ETF | 100.00% |
First Trust Nasdaq Retail ETF | 100.00% |
First Trust Nasdaq Semiconductor ETF | 100.00% |
First Trust Nasdaq Transportation ETF | 100.00% |
Qualified Dividend Income | |
First Trust Nasdaq Bank ETF | 100.00% |
First Trust Nasdaq Food & Beverage ETF | 100.00% |
First Trust Nasdaq Oil & Gas ETF | 100.00% |
First Trust Nasdaq Pharmaceuticals ETF | 100.00% |
First Trust Nasdaq Retail ETF | 100.00% |
First Trust Nasdaq Semiconductor ETF | 100.00% |
First Trust Nasdaq Transportation ETF | 100.00% |
NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE |
Name, Year of Birth and Position with the Trust | Term of Office and Year First Elected or Appointed | Principal Occupations During Past 5 Years | Number of Portfolios in the First Trust Fund Complex Overseen by Trustee | Other Trusteeships or Directorships Held by Trustee During Past 5 Years |
INDEPENDENT TRUSTEES | ||||
Richard E. Erickson, Trustee (1951) | • Indefinite Term • Since Inception | Physician; Officer, Wheaton Orthopedics; Limited Partner, Gundersen Real Estate Limited Partnership (June 1992 to December 2016) | 199 | None |
Thomas R. Kadlec, Trustee (1957) | • Indefinite Term • Since Inception | President, ADM Investor Services, Inc. (Futures Commission Merchant) | 199 | Director of ADM Investor Services, Inc., ADM Investor Services International, Futures Industry Association, and National Futures Association |
Robert F. Keith, Trustee (1956) | • Indefinite Term • Since Inception | President, Hibs Enterprises (Financial and Management Consulting) | 199 | Director of Trust Company of Illinois |
Niel B. Nielson, Trustee (1954) | • Indefinite Term • Since Inception | Senior Advisor (August 2018 to Present), Managing Director and Chief Operating Officer (January 2015 to August 2018), Pelita Harapan Educational Foundation (Educational Products and Services) | 199 | None |
INTERESTED TRUSTEE | ||||
James A. Bowen(1), Trustee and Chairman of the Board (1955) | • Indefinite Term • Since Inception | Chief Executive Officer, First Trust Advisors L.P. and First Trust Portfolios L.P.; Chairman of the Board of Directors, BondWave LLC (Software Development Company) and Stonebridge Advisors LLC (Investment Advisor) | 199 | None |
(1) | Mr. Bowen is deemed an “interested person” of the Trust due to his position as CEO of First Trust Advisors L.P., investment advisor of the Trust. |
Name and Year of Birth | Position and Offices with Trust | Term of Office and Length of Service | Principal Occupations During Past 5 Years |
OFFICERS(2) | |||
James M. Dykas (1966) | President and Chief Executive Officer | • Indefinite Term • Since January 2016 | Managing Director and Chief Financial Officer (January 2016 to Present), First Trust Advisors L.P. and First Trust Portfolios L.P.; Chief Financial Officer (January 2016 to Present), BondWave LLC (Software Development Company) and Stonebridge Advisors LLC (Investment Advisor) |
Donald P. Swade (1972) | Treasurer, Chief Financial Officer and Chief Accounting Officer | • Indefinite Term • Since January 2016 | Senior Vice President (July 2016 to Present), Vice President (April 2012 to July 2016), First Trust Advisors L.P. and First Trust Portfolios L.P. |
W. Scott Jardine (1960) | Secretary and Chief Legal Officer | • Indefinite Term • Since Inception | General Counsel, First Trust Advisors L.P. and First Trust Portfolios L.P.; Secretary and General Counsel, BondWave LLC; Secretary, Stonebridge Advisors LLC |
Daniel J. Lindquist (1970) | Vice President | • Indefinite Term • Since Inception | Managing Director, First Trust Advisors L.P. and First Trust Portfolios L.P. |
Kristi A. Maher (1966) | Chief Compliance Officer and Assistant Secretary | • Indefinite Term • Since Inception | Deputy General Counsel, First Trust Advisors L.P. and First Trust Portfolios L.P. |
Roger F. Testin (1966) | Vice President | • Indefinite Term • Since Inception | Senior Vice President, First Trust Advisors L.P. and First Trust Portfolios L.P. |
Stan Ueland (1970) | Vice President | • Indefinite Term • Since Inception | Senior Vice President, First Trust Advisors L.P. and First Trust Portfolios L.P |
(2) | The term “officer” means the president, vice president, secretary, treasurer, controller or any other officer who performs a policy making function. |
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• | We may release information we have about you if you direct us to do so, if we are compelled by law to do so, or in other legally limited circumstances (for example to protect your account from fraud). |
FUND ACCOUNTANT &
TRANSFER AGENT
PUBLIC ACCOUNTING FIRM
Developed International Equity Select ETF (RNDM)
Emerging Markets Equity Select ETF (RNEM)
Large Cap US Equity Select ETF (RNLC)
Mid Cap US Equity Select ETF (RNMC)
Small Cap US Equity Select ETF (RNSC)
US Equity Dividend Select ETF (RNDV)
For the Year Ended
March 31, 2021
2 | |
3 | |
Fund Performance Overview | |
4 | |
6 | |
8 | |
10 | |
12 | |
14 | |
16 | |
17 | |
Portfolio of Investments | |
18 | |
25 | |
30 | |
36 | |
42 | |
49 | |
54 | |
56 | |
58 | |
60 | |
66 | |
76 | |
77 | |
81 | |
83 |
Performance | |||
Average Annual Total Returns | Cumulative Total Returns | ||
1 Year Ended 3/31/21 | Inception (6/20/17) to 3/31/21 | Inception (6/20/17) to 3/31/21 | |
Fund Performance | |||
NAV | 34.93% | 3.86% | 15.38% |
Market Price | 36.11% | 3.97% | 15.85% |
Index Performance | |||
Nasdaq Riskalyze Developed Markets Index | 36.38% | 5.18% | 21.04% |
NASDAQ Developed Markets Ex-US Large Mid Cap Index(1) | 48.12% | 7.92% | 33.35% |
MSCI World ex USA Index(1) | 45.86% | 7.14% | 29.75% |
(1) | Beginning with this annual report and consistent with the Fund’s return objective, the NASDAQ Developed Markets Ex-US Large Mid Cap Index will be used as the Fund’s benchmark for performance attribution purposes. The MSCI World ex USA Index was previously used as the Fund’s benchmark for performance purposes. The Nasdaq Riskalyze Developed Markets Index, the Fund’s underlying index, is derived from the NASDAQ Developed Markets Ex-US Large Mid Cap Index. As such, the Advisor has determined to measure the Fund’s relative outperformance and underperformance against the parent index, NASDAQ Developed Markets Ex-US Large Mid Cap Index, going forward. The MSCI World ex USA Index is reflected above for additional performance comparison purposes. |
Sector Allocation | % of Total Investments |
Financials | 17.7% |
Industrials | 16.6 |
Consumer Staples | 11.3 |
Health Care | 10.9 |
Information Technology | 9.8 |
Consumer Discretionary | 9.8 |
Communication Services | 9.2 |
Materials | 7.0 |
Utilities | 4.7 |
Real Estate | 2.1 |
Energy | 0.9 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Admiral Group PLC | 2.2% |
Ono Pharmaceutical Co., Ltd. | 2.2 |
MS&AD Insurance Group Holdings, Inc. | 2.0 |
Bridgestone Corp. | 1.7 |
Kyocera Corp. | 1.4 |
USS Co., Ltd. | 1.4 |
ITOCHU Corp. | 1.3 |
Mitsubishi Corp. | 1.2 |
Croda International PLC | 1.2 |
Nitori Holdings Co., Ltd. | 1.2 |
Total | 15.8% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | |||
Average Annual Total Returns | Cumulative Total Returns | ||
1 Year Ended 3/31/21 | Inception (6/20/17) to 3/31/21 | Inception (6/20/17) to 3/31/21 | |
Fund Performance | |||
NAV | 34.44% | 2.77% | 10.90% |
Market Price | 35.03% | 3.02% | 11.89% |
Index Performance | |||
Nasdaq Riskalyze Emerging Markets Index | 37.50% | 4.70% | 18.95% |
NASDAQ Emerging Markets Large Mid Cap Index(1) | 55.11% | 9.50% | 40.91% |
MSCI Emerging Markets Index(1) | 58.39% | 9.85% | 42.61% |
(1) | Beginning with this annual report and consistent with the Fund’s return objective, the NASDAQ Emerging Markets Large Mid Cap Index will be used as the Fund’s benchmark for performance attribution purposes. The MSCI Emerging Markets Index was previously used as the Fund’s benchmark for performance purposes. The Nasdaq Riskalyze Emerging Markets Index, the Fund’s underlying index, is derived from the NASDAQ Emerging Markets Large Mid Cap Index. As such, the Advisor has determined to measure the Fund’s relative outperformance and underperformance against the parent index, NASDAQ Emerging Markets Large Mid Cap Index, going forward. The MSCI Emerging Markets Index is reflected above for additional performance comparison purposes. |
Sector Allocation | % of Total Investments |
Financials | 28.5% |
Information Technology | 18.2 |
Materials | 13.2 |
Consumer Staples | 9.3 |
Consumer Discretionary | 8.7 |
Energy | 4.7 |
Industrials | 4.5 |
Real Estate | 3.8 |
Communication Services | 3.5 |
Utilities | 2.9 |
Health Care | 2.7 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Compal Electronics, Inc. | 3.6% |
Synnex Technology International Corp. | 3.4 |
WPG Holdings Ltd. | 3.2 |
Inventec Corp. | 3.1 |
Naspers Ltd., Class N | 2.8 |
Fu Shou Yuan International Group Ltd. | 2.6 |
China Overseas Land & Investment Ltd. | 2.6 |
Wipro Ltd. | 2.5 |
Tata Consultancy Services Ltd. | 2.4 |
Hengan International Group Co., Ltd. | 1.6 |
Total | 27.8% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | |||
Average Annual Total Returns | Cumulative Total Returns | ||
1 Year Ended 3/31/21 | Inception (6/20/17) to 3/31/21 | Inception (6/20/17) to 3/31/21 | |
Fund Performance | |||
NAV | 62.65% | 13.61% | 61.94% |
Market Price | 62.95% | 13.65% | 62.14% |
Index Performance | |||
Nasdaq Riskalyze US Large Cap Index | 63.80% | 14.32% | 65.82% |
Nasdaq US 500 Large Cap Index | 57.83% | 16.53% | 78.21% |
S&P 500® Index | 56.35% | 16.00% | 75.18% |
Sector Allocation | % of Total Investments |
Information Technology | 30.0% |
Industrials | 13.5 |
Health Care | 13.1 |
Consumer Discretionary | 12.4 |
Financials | 10.5 |
Consumer Staples | 5.8 |
Communication Services | 4.6 |
Materials | 2.7 |
Energy | 2.6 |
Real Estate | 2.4 |
Utilities | 2.4 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Applied Materials, Inc. | 1.2% |
Hewlett Packard Enterprise Co. | 1.0 |
HP, Inc. | 1.0 |
Intel Corp. | 1.0 |
KLA Corp. | 1.0 |
NXP Semiconductors N.V. | 1.0 |
Lam Research Corp. | 0.9 |
CDW Corp. | 0.9 |
Seagate Technology PLC | 0.9 |
Corning, Inc. | 0.9 |
Total | 9.8% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | |||
Average Annual Total Returns | Cumulative Total Returns | ||
1 Year Ended 3/31/21 | Inception (6/20/17) to 3/31/21 | Inception (6/20/17) to 3/31/21 | |
Fund Performance | |||
NAV | 77.60% | 11.04% | 48.53% |
Market Price | 77.39% | 11.06% | 48.63% |
Index Performance | |||
Nasdaq Riskalyze US Mid Cap Index | 78.85% | 11.72% | 51.98% |
Nasdaq US 600 Mid Cap Index | 89.51% | 15.09% | 70.05% |
S&P MidCap 400® Index | 83.46% | 13.05% | 58.93% |
Sector Allocation | % of Total Investments |
Industrials | 16.0% |
Consumer Discretionary | 15.4 |
Financials | 15.3 |
Information Technology | 14.7 |
Health Care | 12.1 |
Real Estate | 7.9 |
Materials | 5.8 |
Consumer Staples | 4.0 |
Utilities | 3.8 |
Energy | 3.0 |
Communication Services | 2.0 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
DENTSPLY SIRONA, Inc. | 2.0% |
Bruker Corp. | 2.0 |
Hill-Rom Holdings, Inc. | 1.9 |
Encompass Health Corp. | 1.6 |
Universal Health Services, Inc., Class B | 1.6 |
Perrigo Co. PLC | 1.5 |
Chemed Corp. | 1.4 |
Amkor Technology, Inc. | 1.0 |
SYNNEX Corp. | 0.9 |
Blackbaud, Inc. | 0.8 |
Total | 14.7% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | |||
Average Annual Total Returns | Cumulative Total Returns | ||
1 Year Ended 3/31/21 | Inception (6/20/17) to 3/31/21 | Inception (6/20/17) to 3/31/21 | |
Fund Performance | |||
NAV | 92.49% | 11.79% | 52.34% |
Market Price | 93.04% | 11.87% | 52.76% |
Index Performance | |||
Nasdaq Riskalyze US Small Cap Index | 94.10% | 12.56% | 56.37% |
Nasdaq US 700 Small Cap Index | 113.75% | 16.21% | 76.40% |
S&P SmallCap 600® Index | 95.33% | 14.13% | 64.74% |
Sector Allocation | % of Total Long-Term Investments |
Financials | 18.7% |
Industrials | 18.4 |
Health Care | 16.6 |
Consumer Discretionary | 11.8 |
Information Technology | 9.1 |
Real Estate | 7.2 |
Materials | 5.8 |
Energy | 4.9 |
Communication Services | 2.9 |
Consumer Staples | 2.9 |
Utilities | 1.7 |
Total | 100.0% |
Top Ten Holdings | % of Total Long-Term Investments |
Owens & Minor, Inc. | 1.7% |
Luminex Corp. | 1.7 |
Ensign Group (The), Inc. | 1.6 |
National HealthCare Corp. | 1.5 |
CONMED Corp. | 1.5 |
National Research Corp. | 1.4 |
Patterson Cos., Inc. | 1.4 |
Cantel Medical Corp. | 1.3 |
Healthcare Services Group, Inc. | 1.3 |
Atrion Corp. | 1.3 |
Total | 14.7% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | |||
Average Annual Total Returns | Cumulative Total Returns | ||
1 Year Ended 3/31/21 | Inception (6/20/17) to 3/31/21 | Inception (6/20/17) to 3/31/21 | |
Fund Performance | |||
NAV | 64.82% | 12.85% | 57.92% |
Market Price | 64.95% | 12.88% | 58.03% |
Index Performance | |||
Nasdaq Riskalyze US Large Cap Select Dividend Index | 65.97% | 13.49% | 61.32% |
Nasdaq US 500 Large Cap Index | 57.83% | 16.53% | 78.21% |
S&P 500® Index | 56.35% | 16.00% | 75.18% |
Sector Allocation | % of Total Investments |
Information Technology | 31.4% |
Consumer Discretionary | 12.8 |
Health Care | 12.7 |
Financials | 10.7 |
Industrials | 10.4 |
Communication Services | 7.5 |
Consumer Staples | 5.2 |
Real Estate | 2.5 |
Energy | 2.5 |
Utilities | 2.4 |
Materials | 1.9 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
International Business Machines Corp. | 3.8% |
Hewlett Packard Enterprise Co. | 3.7 |
Seagate Technology PLC | 3.6 |
HP, Inc. | 2.6 |
Intel Corp. | 2.4 |
Broadcom, Inc. | 2.2 |
Omnicom Group, Inc. | 2.2 |
Corning, Inc. | 2.0 |
Texas Instruments, Inc. | 1.8 |
Gilead Sciences, Inc. | 1.8 |
Total | 26.1% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Beginning Account Value October 1, 2020 | Ending Account Value March 31, 2021 | Annualized Expense Ratio Based on the Six-Month Period | Expenses Paid During the Six-Month Period (a) | |
Developed International Equity Select ETF (RNDM) | ||||
Actual | $1,000.00 | $1,126.40 | 0.65% | $3.45 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.69 | 0.65% | $3.28 |
Emerging Markets Equity Select ETF (RNEM) | ||||
Actual | $1,000.00 | $1,208.40 | 0.75% | $4.13 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.19 | 0.75% | $3.78 |
Large Cap US Equity Select ETF (RNLC) | ||||
Actual | $1,000.00 | $1,270.60 | 0.60% | $3.40 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
Mid Cap US Equity Select ETF (RNMC) | ||||
Actual | $1,000.00 | $1,427.50 | 0.60% | $3.63 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
Small Cap US Equity Select ETF (RNSC) | ||||
Actual | $1,000.00 | $1,552.30 | 0.60% | $3.82 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
US Equity Dividend Select ETF (RNDV) | ||||
Actual | $1,000.00 | $1,325.60 | 0.50% | $2.90 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.44 | 0.50% | $2.52 |
(a) | Expenses are equal to the annualized expense ratios as indicated in the table multiplied by the average account value over the period (October 1, 2020 through March 31, 2021), multiplied by 182/365 (to reflect the six-month period). |
Shares | Description | Value | ||
COMMON STOCKS (a) – 98.5% | ||||
Australia – 5.8% | ||||
957 | AGL Energy Ltd. | $7,015 | ||
6,390 | APA Group | 48,632 | ||
1,712 | ASX Ltd. | 92,390 | ||
12,422 | Aurizon Holdings Ltd. | 36,797 | ||
6,931 | AusNet Services | 9,660 | ||
3,157 | BHP Group Ltd. | 108,625 | ||
5,033 | Brambles Ltd. | 40,445 | ||
3,969 | Coca-Cola Amatil Ltd. | 40,487 | ||
2,219 | Coles Group Ltd. | 26,984 | ||
2,180 | Commonwealth Bank of Australia | 142,566 | ||
3,638 | Crown Resorts Ltd. | 32,496 | ||
283 | CSL Ltd. | 56,887 | ||
403 | Domino’s Pizza Enterprises Ltd. | 29,462 | ||
31,658 | Insurance Australia Group Ltd. | 112,535 | ||
55,243 | Medibank Pvt Ltd. | 117,488 | ||
7,285 | Orica Ltd. | 77,190 | ||
1,228 | Ramsay Health Care Ltd. | 62,493 | ||
1,192 | Rio Tinto Ltd. | 100,271 | ||
2,446 | Sonic Healthcare Ltd. | 65,192 | ||
9,573 | Tabcorp Holdings Ltd. | 34,029 | ||
16,939 | Telstra Corp., Ltd. | 43,744 | ||
3,741 | Transurban Group | 37,848 | ||
720 | Wesfarmers Ltd. | 28,804 | ||
1,035 | Woolworths Group Ltd. | 32,129 | ||
1,384,169 | ||||
Austria – 0.2% | ||||
371 | ams AG (b) | 7,395 | ||
282 | Erste Group Bank AG (b) | 9,564 | ||
205 | OMV AG | 10,400 | ||
385 | Raiffeisen Bank International AG (b) | 8,457 | ||
170 | Verbund AG | 12,360 | ||
176 | voestalpine AG | 7,292 | ||
55,468 | ||||
Belgium – 0.9% | ||||
304 | Ageas S.A./N.V. | 18,381 | ||
790 | Anheuser-Busch InBev S.A./N.V. | 49,796 | ||
92 | Elia Group S.A./N.V. | 10,131 | ||
660 | Etablissements Franz Colruyt N.V. | 39,365 | ||
106 | Galapagos N.V. (b) | 8,219 | ||
138 | Groupe Bruxelles Lambert S.A. | 14,283 | ||
248 | KBC Group N.V. | 18,032 | ||
171 | Proximus S.A.D.P. | 3,722 | ||
46 | Sofina S.A. | 15,563 | ||
117 | Solvay S.A. | 14,571 | ||
80 | Telenet Group Holding N.V. | 3,244 | ||
133 | UCB S.A. | 12,652 | ||
241 | Umicore S.A. | 12,783 | ||
220,742 |
Shares | Description | Value | ||
Bermuda – 0.2% | ||||
3,018 | CK Infrastructure Holdings Ltd. | $17,935 | ||
1,400 | Hongkong Land Holdings Ltd. | 6,874 | ||
200 | Jardine Matheson Holdings Ltd. | 13,078 | ||
37,887 | ||||
Canada – 7.2% | ||||
935 | BCE, Inc. | 42,208 | ||
556 | Canadian National Railway Co. | 64,524 | ||
1,026 | CGI, Inc. (b) | 85,463 | ||
67 | Constellation Software, Inc. | 93,569 | ||
1,049 | Dollarama, Inc. | 46,344 | ||
689 | Emera, Inc. | 30,664 | ||
692 | Fortis, Inc. | 30,027 | ||
181 | George Weston Ltd. | 16,027 | ||
1,335 | Hydro One Ltd. (c) (d) | 31,094 | ||
1,630 | Intact Financial Corp. | 199,745 | ||
254 | Loblaw Cos., Ltd. | 14,188 | ||
276 | Metro, Inc. | 12,591 | ||
1,647 | Open Text Corp. | 78,530 | ||
1,608 | Quebecor, Inc., Class B | 43,172 | ||
679 | Ritchie Bros. Auctioneers, Inc. | 39,755 | ||
2,486 | Royal Bank of Canada | 229,214 | ||
529 | Saputo, Inc. | 15,907 | ||
2,125 | Shaw Communications, Inc., Class B | 55,260 | ||
2,204 | TELUS Corp. | 43,898 | ||
2,187 | Thomson Reuters Corp. | 191,586 | ||
1,697 | TMX Group Ltd. | 176,344 | ||
991 | Toromont Industries Ltd. | 75,853 | ||
272 | Waste Connections, Inc. | 29,386 | ||
903 | WSP Global, Inc. | 85,910 | ||
1,731,259 | ||||
Cayman Islands – 0.6% | ||||
2,776 | CK Asset Holdings Ltd. | 16,854 | ||
1,742 | CK Hutchison Holdings Ltd. | 13,881 | ||
10,000 | Sands China Ltd. (b) | 49,974 | ||
16,000 | Sino Biopharmaceutical Ltd. | 16,012 | ||
19,000 | WH Group Ltd. (c) (d) | 15,397 | ||
3,224 | Wharf Real Estate Investment Co., Ltd. | 18,061 | ||
6,334 | Xinyi Glass Holdings Ltd. | 20,695 | ||
150,874 | ||||
Denmark – 2.3% | ||||
1,125 | Ambu A.S., Class B | 52,834 | ||
21 | AP Moller - Maersk A.S., Class B | 48,782 | ||
96 | Carlsberg A.S., Class B | 14,750 | ||
287 | Chr Hansen Holding A.S. (b) | 26,079 | ||
202 | Coloplast A.S., Class B | 30,374 | ||
691 | Danske Bank A.S. | 12,931 | ||
1,015 | Demant A.S. (b) | 42,995 | ||
206 | DSV Panalpina A.S. | 40,416 | ||
88 | Genmab A.S. (b) | 28,953 | ||
421 | GN Store Nord A.S. | 33,145 |
Shares | Description | Value | ||
COMMON STOCKS (a) (Continued) | ||||
Denmark (Continued) | ||||
967 | H Lundbeck A.S. | $33,035 | ||
461 | Novo Nordisk A.S., Class B | 31,232 | ||
507 | Novozymes A.S., Class B | 32,475 | ||
210 | Orsted A.S. (c) (d) | 33,917 | ||
142 | Pandora A.S. (b) | 15,213 | ||
126 | Royal Unibrew A.S. | 13,178 | ||
52 | SimCorp A.S. | 6,439 | ||
297 | Tryg A.S. | 7,004 | ||
266 | Vestas Wind Systems A.S. | 54,598 | ||
558,350 | ||||
Finland – 1.4% | ||||
375 | Elisa OYJ | 22,489 | ||
620 | Fortum OYJ | 16,548 | ||
300 | Huhtamaki OYJ | 13,566 | ||
389 | Kesko OYJ, Class B | 11,897 | ||
168 | Kone OYJ, Class B | 13,724 | ||
2,111 | Metso Outotec OYJ | 23,530 | ||
614 | Neste OYJ | 32,589 | ||
5,636 | Nokia OYJ (b) | 22,502 | ||
4,163 | Nordea Bank Abp | 40,994 | ||
151 | Orion Oyj, Class B | 6,051 | ||
802 | Sampo OYJ, Class A | 36,181 | ||
1,225 | Stora Enso OYJ, Class R | 22,848 | ||
630 | UPM-Kymmene OYJ | 22,630 | ||
599 | Valmet OYJ | 21,783 | ||
1,884 | Wartsila OYJ Abp | 19,739 | ||
327,071 | ||||
France – 8.7% | ||||
734 | Air Liquide S.A. | 119,904 | ||
1,813 | Alstom S.A. (b) | 90,402 | ||
507 | Atos SE (b) | 39,550 | ||
4,002 | Bureau Veritas S.A. (b) | 113,903 | ||
1,877 | Carrefour S.A. | 33,997 | ||
851 | Cie Generale des Etablissements Michelin SCA | 127,391 | ||
464 | Danone S.A. | 31,832 | ||
219 | Dassault Systemes SE | 46,844 | ||
2,008 | Edenred | 104,882 | ||
2,315 | Engie S.A. | 32,863 | ||
953 | EssilorLuxottica S.A. | 155,176 | ||
106 | Hermes International | 117,345 | ||
1,130 | Legrand S.A. | 105,111 | ||
281 | L’Oreal S.A. | 107,690 | ||
195 | LVMH Moet Hennessy Louis Vuitton SE | 129,911 | ||
3,161 | Orange S.A. | 38,941 | ||
188 | Pernod Ricard S.A. | 35,286 | ||
165 | Remy Cointreau S.A. | 30,475 | ||
2,944 | Rubis SCA | 139,478 | ||
1,297 | Sanofi | 128,144 | ||
727 | Schneider Electric SE | 111,045 | ||
618 | SEB S.A. | 108,999 | ||
1,435 | Veolia Environnement S.A. | 36,786 |
Shares | Description | Value | ||
France (Continued) | ||||
3,278 | Vivendi SE | $107,635 | ||
2,093,590 | ||||
Germany – 6.9% | ||||
812 | Bayer AG | 51,382 | ||
520 | Bechtle AG | 97,508 | ||
292 | Beiersdorf AG | 30,853 | ||
1,139 | Brenntag SE | 97,239 | ||
695 | Deutsche Boerse AG | 115,489 | ||
2,816 | Deutsche Post AG | 154,285 | ||
2,448 | Deutsche Telekom AG | 49,291 | ||
472 | Deutsche Wohnen SE | 22,019 | ||
2,156 | E.ON SE | 25,091 | ||
601 | Fresenius Medical Care AG & Co., KGaA | 44,205 | ||
1,115 | Fresenius SE & Co., KGaA | 49,661 | ||
788 | Hannover Rueck SE | 143,973 | ||
1,713 | Henkel AG & Co., KGaA (Preference Shares) | 192,567 | ||
166 | LEG Immobilien SE | 21,834 | ||
347 | Merck KGaA | 59,330 | ||
164 | Rational AG | 127,414 | ||
635 | RWE AG | 24,887 | ||
678 | SAP SE | 83,023 | ||
1,208 | Scout24 AG (c) (d) | 91,655 | ||
524 | Symrise AG | 63,539 | ||
15,980 | Telefonica Deutschland Holding AG | 46,849 | ||
738 | Uniper SE | 26,725 | ||
344 | Vonovia SE | 22,470 | ||
1,641,289 | ||||
Greece – 0.0% | ||||
335 | Hellenic Telecommunications Organization S.A. | 5,374 | ||
Hong Kong – 2.2% | ||||
8,655 | AIA Group Ltd. | 104,985 | ||
1,601 | CLP Holdings, Ltd. | 15,548 | ||
4,465 | Hang Lung Properties Ltd. | 11,602 | ||
5,744 | Hang Seng Bank Ltd. | 111,199 | ||
3,027 | Henderson Land Development Co., Ltd. | 13,589 | ||
10,828 | Hong Kong & China Gas Co., Ltd. | 17,132 | ||
1,819 | Hong Kong Exchanges & Clearing Ltd. | 107,023 | ||
2,540 | MTR Corp., Ltd. | 14,392 | ||
2,717 | New World Development Co. Ltd. | 14,050 | ||
5,666 | PCCW Ltd. | 3,192 | ||
2,724 | Power Assets Holdings Ltd. | 16,083 | ||
9,818 | Sino Land Co., Ltd. | 13,665 | ||
35,000 | Sun Art Retail Group Ltd. | 28,634 | ||
1,084 | Sun Hung Kai Properties Ltd. | 16,426 | ||
2,345 | Swire Pacific Ltd., Class A | 17,586 |
Shares | Description | Value | ||
COMMON STOCKS (a) (Continued) | ||||
Hong Kong (Continued) | ||||
5,777 | Wharf Holdings (The) Ltd. | $15,308 | ||
520,414 | ||||
Ireland – 0.6% | ||||
651 | CRH PLC | 30,514 | ||
206 | Kerry Group PLC, Class A | 25,776 | ||
258 | Kingspan Group PLC | 21,875 | ||
1,459 | Ryanair Holdings PLC (b) | 28,308 | ||
599 | Smurfit Kappa Group PLC | 28,211 | ||
134,684 | ||||
Israel – 0.3% | ||||
52 | Azrieli Group Ltd. | 3,206 | ||
1,236 | Bank Hapoalim BM (b) | 9,605 | ||
1,499 | Bank Leumi Le-Israel BM (b) | 9,865 | ||
33 | Elbit Systems Ltd. | 4,666 | ||
985 | ICL Group Ltd. | 5,766 | ||
373 | Mizrahi Tefahot Bank Ltd. (b) | 9,723 | ||
86 | Nice, Ltd. (b) | 18,573 | ||
1,557 | Teva Pharmaceutical Industries Ltd. (b) | 17,693 | ||
79,097 | ||||
Italy – 1.9% | ||||
16,293 | A2A S.p.A. | 29,654 | ||
156 | Amplifon S.p.A. (b) | 5,807 | ||
1,366 | Assicurazioni Generali S.p.A. | 27,328 | ||
2,672 | Banca Mediolanum S.p.A. (b) | 25,224 | ||
794 | Buzzi Unicem S.p.A | 20,643 | ||
28 | DiaSorin S.p.A. | 4,492 | ||
2,723 | Enel S.p.A. | 27,120 | ||
2,691 | Eni S.p.A. | 33,116 | ||
1,398 | FinecoBank Banca Fineco S.p.A. (b) | 22,878 | ||
6,410 | Hera S.p.A. | 24,566 | ||
730 | Infrastrutture Wireless Italiane S.p.A. (c) (d) | 8,133 | ||
10,250 | Intesa Sanpaolo S.p.A. (b) | 27,773 | ||
3,752 | Italgas S.p.A. | 24,354 | ||
2,453 | Mediobanca Banca di Credito Finanziario S.p.A. (b) | 27,201 | ||
202 | Moncler S.p.A. (b) | 11,577 | ||
1,922 | Pirelli & C S.p.A. (b) (c) (d) | 11,274 | ||
2,171 | Poste Italiane S.p.A. (c) (d) | 27,598 | ||
635 | Prysmian S.p.A. | 20,635 | ||
109 | Recordati Industria Chimica e Farmaceutica S.p.A. | 5,863 | ||
4,100 | Snam S.p.A. | 22,732 | ||
20,155 | Telecom Italia S.p.A. | 10,901 | ||
3,382 | Terna Rete Elettrica Nazionale S.p.A | 25,534 | ||
444,403 | ||||
Japan – 21.3% | ||||
9,900 | Bridgestone Corp. | 400,113 |
Shares | Description | Value | ||
Japan (Continued) | ||||
1,700 | Chubu Electric Power Co., Inc. | $21,878 | ||
1,600 | Chugoku Electric Power (The) Co., Inc. | 19,638 | ||
4,400 | ENEOS Holdings, Inc. | 19,933 | ||
700 | Idemitsu Kosan Co., Ltd. | 18,043 | ||
9,700 | ITOCHU Corp. | 314,237 | ||
8,100 | Itochu Techno-Solutions Corp. | 260,795 | ||
4,800 | Japan Tobacco, Inc. | 92,120 | ||
10,000 | Kansai Paint Co. Ltd. | 266,877 | ||
1,200 | Kao Corp. | 79,256 | ||
5,400 | Kyocera Corp. | 342,605 | ||
1,100 | MEIJI Holdings Co., Ltd. | 70,734 | ||
10,400 | Mitsubishi Corp. | 293,990 | ||
16,600 | MS&AD Insurance Group Holdings, Inc. | 487,093 | ||
9,100 | Nagoya Railroad Co., Ltd. | 216,395 | ||
500 | Nintendo Co., Ltd. | 279,115 | ||
8,900 | Nippon Telegraph & Telephone Corp. | 228,438 | ||
900 | Nissin Foods Holdings Co., Ltd. | 66,733 | ||
1,500 | Nitori Holdings Co., Ltd. | 290,246 | ||
19,600 | Ono Pharmaceutical Co., Ltd. | 511,574 | ||
1,000 | Osaka Gas Co., Ltd. | 19,481 | ||
2,700 | Secom Co., Ltd. | 227,095 | ||
16,300 | Softbank Corp. | 211,764 | ||
2,100 | Tohoku Electric Power Co., Inc. | 19,819 | ||
17,500 | USS Co., Ltd. | 342,018 | ||
5,099,990 | ||||
Luxembourg – 2.2% | ||||
1,699 | ArcelorMittal S.A. (b) | 49,073 | ||
24,181 | B&M European Value Retail S.A. | 175,947 | ||
977 | Grand City Properties S.A. | 24,473 | ||
4,550 | RTL Group S.A. (b) | 266,576 | ||
672 | Tenaris S.A. | 7,575 | ||
523,644 | ||||
Netherlands – 4.7% | ||||
631 | Aalberts N.V. | 31,967 | ||
1,816 | ABN AMRO Bank N.V. (b) (c) (d) | 22,063 | ||
12 | Adyen N.V. (b) (c) (d) | 26,787 | ||
5,852 | Aegon N.V. | 27,794 | ||
224 | Akzo Nobel N.V. | 25,029 | ||
58 | Argenx SE (b) | 15,943 | ||
506 | ASM International N.V. | 147,160 | ||
196 | ASML Holding N.V. | 118,832 | ||
453 | ASR Nederland N.V. | 20,298 | ||
811 | Davide Campari-Milano N.V. | 9,085 | ||
1,382 | Euronext N.V. (c) (d) | 139,216 | ||
354 | EXOR N.V. | 29,865 | ||
677 | Heineken Holding N.V. | 60,258 | ||
592 | Heineken N.V. | 60,829 | ||
191 | IMCD N.V. | 26,542 |
Shares | Description | Value | ||
COMMON STOCKS (a) (Continued) | ||||
Netherlands (Continued) | ||||
2,145 | ING Groep N.V. | $26,241 | ||
646 | Just Eat Takeaway.com N.V. (b) (c) (d) | 59,560 | ||
1,780 | Koninklijke Ahold Delhaize N.V. | 49,576 | ||
138 | Koninklijke DSM N.V. | 23,352 | ||
6,088 | Koninklijke KPN N.V. | 20,661 | ||
1,298 | Koninklijke Philips N.V. (e) | 74,091 | ||
405 | Koninklijke Vopak N.V. | 20,161 | ||
405 | NN Group N.V. | 19,800 | ||
437 | Randstad N.V. | 30,738 | ||
369 | Wolters Kluwer N.V. | 32,074 | ||
1,117,922 | ||||
New Zealand – 0.3% | ||||
995 | a2 Milk (The) Co., Ltd. (b) | 5,990 | ||
1,720 | Auckland International Airport Ltd. (b) | 9,418 | ||
1,070 | Fisher & Paykel Healthcare Corp., Ltd. | 23,988 | ||
2,616 | Spark New Zealand Ltd. | 8,185 | ||
173 | Xero Ltd. (b) | 16,626 | ||
64,207 | ||||
Norway – 0.6% | ||||
406 | Adevinta ASA (b) | 5,976 | ||
729 | Aker BP ASA | 20,694 | ||
778 | DNB ASA | 16,555 | ||
801 | Equinor ASA | 15,668 | ||
531 | Gjensidige Forsikring ASA | 12,454 | ||
442 | Mowi ASA | 10,966 | ||
2,323 | Norsk Hydro ASA | 14,873 | ||
777 | Orkla ASA | 7,616 | ||
139 | Salmar ASA | 9,588 | ||
158 | Schibsted ASA, Class A (b) | 6,632 | ||
778 | Telenor ASA | 13,689 | ||
154 | TOMRA Systems ASA | 6,667 | ||
167 | Yara International ASA | 8,685 | ||
150,063 | ||||
Portugal – 0.2% | ||||
4,180 | EDP - Energias de Portugal S.A. | 23,872 | ||
662 | Galp Energia SGPS S.A. | 7,701 | ||
349 | Jeronimo Martins SGPS S.A. | 5,873 | ||
37,446 | ||||
Singapore – 1.0% | ||||
2,700 | CapitaLand Ltd. | 7,547 | ||
1,000 | City Developments Ltd. | 5,932 | ||
1,900 | DBS Group Holdings Ltd. | 40,664 | ||
7,200 | Genting Singapore Ltd. | 4,924 | ||
300 | Jardine Cycle & Carriage Ltd. | 5,020 | ||
2,100 | Keppel Corp., Ltd. | 8,305 | ||
4,400 | Oversea-Chinese Banking Corp., Ltd. | 38,433 | ||
1,400 | Singapore Airlines Ltd. (b) | 5,776 |
Shares | Description | Value | ||
Singapore (Continued) | ||||
4,100 | Singapore Exchange Ltd. | $30,387 | ||
3,900 | Singapore Technologies Engineering Ltd. | 11,278 | ||
9,800 | Singapore Telecommunications Ltd. | 17,776 | ||
2,000 | United Overseas Bank Ltd. | 38,403 | ||
1,100 | UOL Group Ltd. | 6,460 | ||
3,700 | Wilmar International Ltd. | 14,908 | ||
235,813 | ||||
South Korea – 4.9% | ||||
2,112 | Hanon Systems | 32,937 | ||
2,435 | Industrial Bank of Korea | 19,708 | ||
351 | Kakao Corp. | 154,449 | ||
1,213 | Kangwon Land, Inc. | 27,116 | ||
677 | Korea Electric Power Corp. | 13,848 | ||
95 | Korea Zinc Co., Ltd. | 34,290 | ||
805 | KT Corp., ADR | 10,014 | ||
163 | KT&G Corp. | 11,724 | ||
218 | LG Corp. | 17,413 | ||
284 | LG Electronics, Inc. | 37,641 | ||
9 | LG Household & Health Care Ltd. | 12,485 | ||
803 | LG Uplus Corp. | 8,692 | ||
432 | NAVER Corp. | 143,905 | ||
32 | NCSoft Corp. | 24,684 | ||
158 | Netmarble Corp. (c) (d) | 18,009 | ||
103 | Orion Corp. | 11,922 | ||
183 | POSCO | 51,743 | ||
154 | Samsung C&T Corp. | 16,941 | ||
2,200 | Samsung Electronics Co., Ltd. | 158,233 | ||
107 | Samsung Fire & Marine Insurance Co., Ltd. | 17,963 | ||
755 | Samsung SDS Co., Ltd. | 129,086 | ||
707 | Shinhan Financial Group Co., Ltd. | 23,395 | ||
1,524 | SK Hynix, Inc. | 178,423 | ||
39 | SK Telecom Co., Ltd. | 9,476 | ||
2,273 | Woori Financial Group, Inc. | 20,285 | ||
1,184,382 | ||||
Spain – 2.3% | ||||
103 | Acciona S.A. | 17,261 | ||
491 | ACS Actividades de Construccion y Servicios S.A. | 16,272 | ||
79 | Aena SME S.A. (b) (c) (d) | 12,813 | ||
578 | Amadeus IT Group S.A. (b) | 40,927 | ||
6,230 | Banco Bilbao Vizcaya Argentaria S.A. | 32,336 | ||
9,238 | Banco Santander S.A. | 31,384 | ||
4,019 | Bankinter S.A. | 27,901 | ||
8,150 | CaixaBank S.A. | 25,222 | ||
467 | Cellnex Telecom S.A. (c) (d) | 26,890 | ||
437 | Enagas S.A. | 9,491 | ||
1,207 | Endesa S.A. | 31,932 |
Shares | Description | Value | ||
COMMON STOCKS (a) (Continued) | ||||
Spain (Continued) | ||||
458 | Ferrovial S.A. | $11,940 | ||
641 | Grifols S.A. | 16,785 | ||
2,622 | Iberdrola S.A. | 33,777 | ||
1,598 | Industria de Diseno Textil S.A. | 52,659 | ||
11,052 | Mapfre S.A. | 23,018 | ||
1,609 | Naturgy Energy Group S.A. | 39,436 | ||
1,721 | Red Electrica Corp. S.A. | 30,475 | ||
1,505 | Repsol S.A. | 18,637 | ||
373 | Siemens Gamesa Renewable Energy S.A. | 14,435 | ||
8,268 | Telefonica S.A. | 37,009 | ||
550,600 | ||||
Sweden – 3.0% | ||||
670 | AAK AB | 15,167 | ||
1,343 | Assa Abloy AB, Class B | 38,598 | ||
658 | Atlas Copco AB, Class A | 40,052 | ||
545 | Axfood AB | 13,030 | ||
2,168 | Epiroc AB, Class A | 49,102 | ||
370 | Essity AB, Class B | 11,689 | ||
401 | Hexagon AB, Class B | 36,989 | ||
492 | Holmen AB, Class B | 21,599 | ||
246 | ICA Gruppen AB | 12,028 | ||
1,022 | Industrivarden AB, Class C (b) | 35,855 | ||
1,761 | Indutrade AB (f) | 40,650 | ||
416 | Investor AB, Class B | 33,172 | ||
669 | Kinnevik AB, Class B | 32,525 | ||
466 | L E Lundbergforetagen AB, Class B (b) | 25,441 | ||
1,220 | Nibe Industrier AB, Class B | 37,829 | ||
2,056 | Securitas AB, Class B | 34,959 | ||
1,487 | Skanska AB, Class B | 37,288 | ||
1,332 | Svenska Cellulosa AB SCA, Class B (b) | 23,571 | ||
3,239 | Svenska Handelsbanken AB, Class A | 35,181 | ||
1,701 | Sweco AB, Class B | 27,774 | ||
1,733 | Swedbank AB, Class A | 30,539 | ||
153 | Swedish Match AB | 11,944 | ||
1,679 | Tele2 AB, Class B | 22,647 | ||
2,166 | Telefonaktiebolaget LM Ericsson, Class B | 28,658 | ||
5,777 | Telia Co., AB | 25,024 | ||
721,311 | ||||
Switzerland – 8.5% | ||||
617 | Baloise Holding AG | 104,971 | ||
893 | Banque Cantonale Vaudoise | 87,113 | ||
75 | Barry Callebaut AG | 169,497 | ||
5 | Belimo Holding AG | 40,417 | ||
20 | Chocoladefabriken Lindt & Spruengli AG | 174,575 | ||
1,021 | Clariant AG | 20,590 | ||
23 | EMS-Chemie Holding AG | 20,538 | ||
59 | Geberit AG | 37,554 |
Shares | Description | Value | ||
Switzerland (Continued) | ||||
5 | Givaudan S.A. | $19,267 | ||
179 | Kuehne + Nagel International AG | 51,078 | ||
384 | Logitech International S.A. | 40,279 | ||
326 | Lonza Group AG | 182,255 | ||
1,408 | Nestle S.A. | 156,926 | ||
2,318 | Novartis AG | 198,090 | ||
99 | Partners Group Holding AG | 126,427 | ||
73 | PSP Swiss Property AG | 8,898 | ||
588 | Roche Holding AG | 190,028 | ||
128 | Schindler Holding AG | 37,595 | ||
13 | SGS S.A. | 36,876 | ||
1,738 | SIG Combibloc Group AG | 40,197 | ||
142 | Sika AG | 40,565 | ||
839 | Stadler Rail AG | 39,982 | ||
97 | Swiss Prime Site AG | 8,944 | ||
36 | Swisscom AG | 19,311 | ||
404 | Tecan Group AG | 179,271 | ||
2,031,244 | ||||
United Kingdom – 10.3% | ||||
12,125 | Admiral Group PLC | 518,349 | ||
808 | AstraZeneca PLC | 80,725 | ||
1,986 | British American Tobacco PLC | 75,949 | ||
38,208 | ConvaTec Group PLC (c) (d) | 103,293 | ||
3,340 | Croda International PLC | 292,295 | ||
2,119 | Dechra Pharmaceuticals PLC | 100,199 | ||
2,083 | Diageo PLC | 85,847 | ||
4,705 | GlaxoSmithKline PLC | 83,544 | ||
2,773 | Halma PLC | 90,755 | ||
4,036 | Imperial Brands PLC | 83,015 | ||
1,027 | Intertek Group PLC | 79,314 | ||
28,898 | J Sainsbury PLC | 96,609 | ||
2,995 | National Grid PLC | 35,674 | ||
2,585 | Pennon Group PLC | 34,746 | ||
730 | Reckitt Benckiser Group PLC | 65,395 | ||
6,358 | RELX PLC | 159,438 | ||
4,536 | Sage Group (The) PLC | 38,320 | ||
1,093 | Severn Trent PLC | 34,747 | ||
588 | Spirax-Sarco Engineering PLC | 92,410 | ||
8,295 | Tate & Lyle PLC | 87,733 | ||
25,945 | Tesco PLC | 81,855 | ||
1,156 | Unilever PLC | 64,639 | ||
33,120 | Wm Morrison Supermarkets PLC | 83,305 | ||
2,468,156 | ||||
Total Common Stocks | 23,569,449 | |||
(Cost $20,138,753) | ||||
REAL ESTATE INVESTMENT TRUSTS (a) – 0.9% | ||||
Australia – 0.4% | ||||
12,411 | Dexus | 91,911 | ||
Belgium – 0.0% | ||||
186 | Warehouses De Pauw CVA | 6,147 |
Shares | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS (a) (Continued) | ||||
Canada – 0.1% | ||||
419 | Canadian Apartment Properties REIT | $17,958 | ||
Hong Kong – 0.0% | ||||
1,534 | Link REIT | 13,971 | ||
Multinational – 0.1% | ||||
197 | Unibail-Rodamco-Westfield (b) | 15,788 | ||
Singapore – 0.1% | ||||
2,300 | Ascendas Real Estate Investment Trust | 5,215 | ||
3,800 | CapitaLand Integrated Commercial Trust | 6,130 | ||
3,700 | Mapletree Commercial Trust | 5,831 | ||
2,300 | Mapletree Industrial Trust | 4,685 | ||
3,500 | Mapletree Logistics Trust | 5,021 | ||
26,882 | ||||
Spain – 0.0% | ||||
347 | Inmobiliaria Colonial Socimi S.A. | 3,359 | ||
United Kingdom – 0.2% | ||||
2,972 | Segro PLC | 38,415 | ||
Total Real Estate Investment Trusts | 214,431 | |||
(Cost $207,346) | ||||
RIGHTS (a) – 0.0% | ||||
Italy – 0.0% | ||||
4,100 | Snam S.p.A. (g) | 4 | ||
(Cost $0) | ||||
Total Investments – 99.4% | 23,783,884 | |||
(Cost $20,346,099) (h) | ||||
Net Other Assets and Liabilities – 0.6% | 141,627 | |||
Net Assets – 100.0% | $23,925,511 |
(a) | Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund’s underlying index. For a breakdown of the portfolio securities by sector, please see the Fund Performance Overview. |
(b) | Non-income producing security. |
(c) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933, as amended (the “1933 Act”). |
(d) | This security is exempt from registration upon resale under Rule 144A of the 1933 Act and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration. As such, it does not require the additional disclosure required of restricted securities. |
(e) | Non-income producing security that makes payment-in-kind (“PIK”) distributions. For the fiscal year ended March 31, 2021, the Fund received 32 PIK shares of Koninklijke Philips N.V. |
(f) | Non-income producing security which makes payment-in-kind (“PIK”) distributions. There were no in-kind distributions received for the fiscal year ended March 31, 2021. |
(g) | This security is fair valued by the Advisor’s Pricing Committee in accordance with procedures adopted by the Trust’s Board of Trustees, and in accordance with the provisions of the Investment Company Act of 1940, as amended. At March 31, 2021, securities noted as such are valued at $4 or 0.0% of net assets. |
(h) | Aggregate cost for federal income tax purposes was $20,465,391. As of March 31, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $4,096,972 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $778,479. The net unrealized appreciation was $3,318,493. |
ADR | American Depositary Receipt |
Total Value at 3/31/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 23,569,449 | $ 23,569,449 | $ — | $ — |
Real Estate Investment Trusts* | 214,431 | 214,431 | — | — |
Rights* | 4 | — | 4 | — |
Total Investments | $ 23,783,884 | $ 23,783,880 | $ 4 | $— |
* | See Portfolio of Investments for country breakout. |
Currency Exposure Diversification | % of Total Investments |
Euro | 29.2% |
Japanese Yen | 21.4 |
British Pound Sterling | 11.3 |
Swiss Franc | 8.6 |
Canadian Dollar | 7.4 |
Australian Dollar | 6.3 |
South Korean Won | 4.9 |
Swedish Krona | 3.2 |
Hong Kong Dollar | 3.0 |
Danish Krone | 2.4 |
Singapore Dollar | 1.1 |
Norwegian Krone | 0.6 |
Israeli Shekel | 0.3 |
New Zealand Dollar | 0.2 |
United States Dollar | 0.1 |
Total | 100.0% |
Shares | Description | Value | ||
COMMON STOCKS (a) – 100.2% | ||||
Bermuda – 0.9% | ||||
44,000 | Beijing Enterprises Water Group Ltd. | $16,696 | ||
126 | Credicorp Ltd. | 17,208 | ||
18,000 | Shenzhen International Holdings Ltd. | 30,146 | ||
64,050 | ||||
Brazil – 9.1% | ||||
6,797 | Ambev S.A. | 18,464 | ||
4,160 | Atacadao S.A. | 17,161 | ||
10,630 | Banco Bradesco S.A. (Preference Shares) | 50,557 | ||
7,379 | Banco Santander Brasil S.A. | 51,914 | ||
8,501 | BB Seguridade Participacoes S.A. | 36,625 | ||
1,312 | Cia de Saneamento do Parana | 5,128 | ||
3,305 | Cia Energetica de Minas Gerais (Preference Shares) | 7,651 | ||
6,881 | Cosan S.A. | 111,761 | ||
1,917 | EDP - Energias do Brasil S.A. | 6,740 | ||
812 | Energisa S.A. | 6,523 | ||
2,776 | Eneva S.A. (b) | 8,236 | ||
827 | Engie Brasil Energia S.A. | 6,146 | ||
1,576 | Equatorial Energia S.A. | 6,944 | ||
3,301 | Hypera S.A. | 18,784 | ||
9,170 | Itau Unibanco Holding S.A. (Preference Shares) | 45,568 | ||
23,446 | Itausa S.A. (Preference Shares) | 42,988 | ||
10,504 | Klabin S.A. (b) | 51,562 | ||
2,495 | M. Dias Branco S.A. | 13,608 | ||
1,966 | Neoenergia S.A. | 5,816 | ||
4,276 | Porto Seguro S.A. | 35,690 | ||
3,639 | Raia Drogasil S.A. | 16,202 | ||
5,624 | Sul America S.A. | 34,142 | ||
5,488 | Suzano S.A. (b) | 66,837 | ||
696 | Telefonica Brasil S.A. | 5,469 | ||
2,315 | TIM S.A. | 5,211 | ||
675,727 | ||||
Cayman Islands – 4.9% | ||||
9,625 | China Conch Venture Holdings Ltd. | 45,252 | ||
191,000 | Fu Shou Yuan International Group Ltd. | 195,813 | ||
18,000 | Hengan International Group Co., Ltd. | 118,316 | ||
359,381 | ||||
Chile – 1.3% | ||||
110,793 | Banco de Chile | 13,061 | ||
249,676 | Banco Santander Chile | 15,595 | ||
4,590 | Cencosud S.A. | 9,812 | ||
131,091 | Enel Americas S.A. | 21,854 | ||
3,022 | Falabella S.A. | 13,725 |
Shares | Description | Value | ||
Chile (Continued) | ||||
409 | Sociedad Quimica y Minera de Chile S.A., Class B (Preference Shares) | $21,863 | ||
95,910 | ||||
China – 11.5% | ||||
191,321 | Agricultural Bank of China Ltd., Class H | 76,537 | ||
193,146 | Bank of China Ltd., Class H | 73,541 | ||
124,173 | Bank of Communications Co., Ltd., Class H | 79,065 | ||
154,651 | China CITIC Bank Corp., Ltd., Class H | 78,578 | ||
92,449 | China Construction Bank Corp., Class H | 77,773 | ||
113,949 | China Minsheng Banking Corp., Ltd., Class H | 66,105 | ||
110,499 | China Petroleum & Chemical Corp., Class H | 58,845 | ||
61,000 | China Railway Group Ltd., Class H | 32,249 | ||
24,875 | China Shenhua Energy Co., Ltd., Class H | 51,260 | ||
115,549 | Industrial & Commercial Bank of China Ltd., Class H | 82,937 | ||
5,700 | Ping An Insurance Group Co. of China Ltd., Class H | 67,858 | ||
142,300 | Postal Savings Bank of China Co., Ltd., Class H (c) (d) | 106,348 | ||
851,096 | ||||
Colombia – 0.3% | ||||
2,655 | Bancolombia S.A. (Preference Shares) | 21,158 | ||
Egypt – 0.2% | ||||
3,136 | Commercial International Bank Egypt SAE | 11,572 | ||
Hong Kong – 5.7% | ||||
5,675 | Beijing Enterprises Holdings Ltd. | 20,038 | ||
22,450 | BOC Hong Kong Holdings Ltd. | 78,404 | ||
29,750 | China Everbright Environment Group Ltd. | 20,129 | ||
74,000 | China Overseas Land & Investment Ltd. | 192,280 | ||
74,000 | Far East Horizon Ltd. | 88,905 | ||
11,300 | Guangdong Investment Ltd. | 18,402 | ||
418,158 | ||||
Hungary – 0.4% | ||||
505 | OTP Bank Nyrt (b) | 21,586 | ||
319 | Richter Gedeon Nyrt | 9,405 | ||
30,991 |
Shares | Description | Value | ||
COMMON STOCKS (a) (Continued) | ||||
India – 16.0% | ||||
1,497 | ACC Ltd. | $38,969 | ||
9,614 | Ambuja Cements Ltd. | 40,612 | ||
1,050 | Asian Paints Ltd. | 36,440 | ||
1,022 | Bajaj Auto Ltd. (b) | 51,308 | ||
3,574 | Berger Paints India Ltd. | 37,395 | ||
471 | Britannia Industries Ltd. | 23,353 | ||
1,247 | Colgate-Palmolive India Ltd. | 26,596 | ||
3,502 | Dabur India Ltd. | 25,889 | ||
1,363 | Divi’s Laboratories Ltd. (b) | 67,537 | ||
801 | Dr. Reddy’s Laboratories Ltd. | 49,475 | ||
3,078 | Havells India Ltd. | 44,221 | ||
865 | Hindustan Unilever Ltd. | 28,767 | ||
4,926 | Marico Ltd. | 27,711 | ||
49 | MRF Ltd. | 55,129 | ||
112 | Nestle India Ltd. | 26,295 | ||
6,024 | NTPC Ltd. | 8,779 | ||
138 | Page Industries Ltd. | 57,223 | ||
2,397 | Petronet LNG Ltd. | 7,365 | ||
2,825 | Pidilite Industries Ltd. (b) | 69,912 | ||
3,156 | Power Grid Corp. of India Ltd. | 9,309 | ||
103 | Shree Cement Ltd. (b) | 41,510 | ||
4,167 | Tata Consultancy Services Ltd. | 181,116 | ||
1,636 | Torrent Power Ltd. | 9,483 | ||
1,870 | United Breweries Ltd. | 31,752 | ||
33,120 | Wipro Ltd. | 187,607 | ||
1,183,753 | ||||
Indonesia – 2.8% | ||||
36,531 | Adaro Energy Tbk PT | 2,955 | ||
51,839 | Astra International Tbk PT | 18,826 | ||
12,193 | Bank Central Asia Tbk PT | 26,086 | ||
66,617 | Bank Mandiri Persero Tbk PT | 28,206 | ||
74,418 | Bank Negara Indonesia Persero Tbk PT | 29,332 | ||
108,690 | Bank Rakyat Indonesia Persero Tbk PT | 32,925 | ||
145,945 | Barito Pacific Tbk PT (b) | 9,646 | ||
2,590 | Gudang Garam Tbk PT (b) | 6,451 | ||
5,952 | Indah Kiat Pulp & Paper Corp. Tbk PT | 4,282 | ||
14,508 | Indofood Sukses Makmur Tbk PT | 6,592 | ||
46,040 | Kalbe Farma Tbk PT | 4,976 | ||
33,077 | Merdeka Copper Gold Tbk PT (b) | 4,896 | ||
23,810 | Perusahaan Gas Negara Tbk PT | 2,156 | ||
108,612 | Telkom Indonesia Persero Tbk PT | 25,573 | ||
5,057 | United Tractors Tbk PT | 7,703 | ||
210,605 | ||||
Isle Of Man (U.K.) – 0.1% | ||||
861 | NEPI Rockcastle PLC | 5,438 |
Shares | Description | Value | ||
Malaysia – 1.6% | ||||
24,400 | CIMB Group Holdings Bhd | $25,539 | ||
8,000 | Dialog Group Bhd | 6,000 | ||
4,800 | Genting Bhd | 5,823 | ||
7,400 | Genting Malaysia Bhd | 5,479 | ||
2,800 | Hartalega Holdings Bhd | 6,030 | ||
6,600 | Kossan Rubber Industries | 5,189 | ||
10,400 | Malayan Banking Bhd | 20,692 | ||
24,000 | Public Bank Bhd | 24,310 | ||
5,415 | Supermax Corp. Bhd | 4,975 | ||
4,300 | Tenaga Nasional Bhd | 10,495 | ||
5,400 | Top Glove Corp. Bhd | 5,886 | ||
120,418 | ||||
Mexico ��� 4.9% | ||||
79,475 | America Movil S.A.B. de C.V., Series L | 54,164 | ||
3,228 | Arca Continental S.A.B. de C.V. | 15,872 | ||
61,731 | Cemex S.A.B. de C.V., Series CPO (b) | 43,400 | ||
2,481 | Fomento Economico Mexicano S.A.B. de C.V., Series UBD | 18,693 | ||
1,262 | Gruma S.A.B. de C.V., Class B | 14,942 | ||
2,915 | Grupo Aeroportuario del Pacifico S.A.B. de C.V., Class B (b) | 30,429 | ||
11,863 | Grupo Financiero Banorte S.A.B. de C.V., Class O (b) | 66,891 | ||
9,079 | Grupo Mexico S.A.B. de C.V., Series B | 47,857 | ||
1,191 | Infraestructura Energetica Nova S.A.B. de C.V. (b) | 4,603 | ||
8,807 | Kimberly-Clark de Mexico S.A.B. de C.V., Class A | 15,076 | ||
15,200 | Wal-Mart de Mexico S.A.B. de C.V. | 48,003 | ||
359,930 | ||||
Netherlands – 0.1% | ||||
276 | X5 Retail Group N.V., GDR (c) | 8,898 | ||
Philippines – 1.4% | ||||
33,510 | Ayala Land, Inc. | 23,715 | ||
9,900 | BDO Unibank, Inc. | 20,805 | ||
1,805 | SM Investments Corp. | 35,700 | ||
33,900 | SM Prime Holdings, Inc. | 24,445 | ||
104,665 | ||||
Poland – 1.2% | ||||
637 | Bank Polska Kasa Opieki S.A. (b) | 11,383 | ||
96 | CD Projekt S.A. (b) | 4,628 | ||
110 | Dino Polska S.A. (b) (c) (d) | 7,254 | ||
480 | Grupa Lotos S.A. | 5,274 | ||
260 | KGHM Polska Miedz S.A. (b) | 12,513 | ||
6 | LPP S.A. (b) | 12,336 | ||
361 | Polski Koncern Naftowy ORLEN S.A. | 5,797 |
Shares | Description | Value | ||
COMMON STOCKS (a) (Continued) | ||||
Poland (Continued) | ||||
3,281 | Polskie Gornictwo Naftowe i Gazownictwo S.A. | $4,993 | ||
1,511 | Powszechna Kasa Oszczednosci Bank Polski S.A. (b) | 12,514 | ||
1,293 | Powszechny Zaklad Ubezpieczen S.A. (b) | 11,157 | ||
87,849 | ||||
Russia – 2.2% | ||||
16,652 | Alrosa PJSC | 23,290 | ||
1,420,644 | Federal Grid Co. Unified Energy System PJSC | 4,077 | ||
49,874 | Inter RAO UES PJSC | 3,384 | ||
160 | Magnit PJSC | 11,288 | ||
65 | MMC Norilsk Nickel PJSC | 20,452 | ||
2,714 | Mobile TeleSystems PJSC | 11,346 | ||
2,435 | Moscow Exchange MICEX-RTS PJSC | 5,597 | ||
76 | Polyus PJSC | 14,057 | ||
368,370 | RusHydro PJSC | 3,967 | ||
1,239 | Severstal PAO | 25,219 | ||
16,970 | Sistema PJSFC | 7,689 | ||
3,844 | Tatneft PJSC | 30,397 | ||
160,763 | ||||
South Africa – 7.6% | ||||
1,580 | Absa Group Ltd. | 13,498 | ||
2,992 | African Rainbow Minerals Ltd. | 56,376 | ||
498 | Anglo American Platinum Ltd. | 72,613 | ||
1,337 | AngloGold Ashanti Ltd. | 29,153 | ||
709 | Aspen Pharmacare Holdings Ltd. (b) | 6,934 | ||
501 | Bid Corp., Ltd. (b) | 9,708 | ||
583 | Bidvest Group (The) Ltd. | 6,730 | ||
136 | Capitec Bank Holdings Ltd. (b) | 13,083 | ||
582 | Clicks Group Ltd. | 9,479 | ||
1,103 | Discovery Ltd. (b) | 9,908 | ||
393 | Exxaro Resources Ltd. | 4,629 | ||
3,423 | FirstRand Ltd. | 11,971 | ||
1,992 | MTN Group Ltd. | 11,721 | ||
1,155 | MultiChoice Group Ltd. | 10,091 | ||
856 | Naspers Ltd., Class N | 204,820 | ||
1,400 | Nedbank Group Ltd. | 13,279 | ||
13,622 | Old Mutual Ltd. | 11,656 | ||
3,069 | PSG Group Ltd. | 14,692 | ||
1,501 | Remgro Ltd. | 10,576 | ||
2,714 | Sanlam Ltd. | 10,946 | ||
947 | Shoprite Holdings Ltd. | 10,081 | ||
1,306 | Standard Bank Group Ltd. | 11,098 | ||
907 | Vodacom Group Ltd. | 7,759 | ||
560,801 | ||||
Taiwan – 22.1% | ||||
15,053 | Asia Cement Corp. | 25,218 |
Shares | Description | Value | ||
Taiwan (Continued) | ||||
18,951 | Cathay Financial Holding Co., Ltd. | $31,847 | ||
85,960 | China Development Financial Holding Corp. | 31,633 | ||
121,632 | China Steel Corp. | 110,408 | ||
6,545 | Chunghwa Telecom Co., Ltd. | 25,576 | ||
282,439 | Compal Electronics, Inc. | 264,295 | ||
39,757 | CTBC Financial Holding Co., Ltd. | 30,794 | ||
11,480 | Far EasTone Telecommunications Co., Ltd. | 25,790 | ||
35,597 | First Financial Holding Co., Ltd. | 27,696 | ||
7,948 | Formosa Plastics Corp. | 28,134 | ||
17,459 | Fubon Financial Holding Co., Ltd. | 34,755 | ||
41,446 | Hua Nan Financial Holdings Co., Ltd. | 27,090 | ||
239,664 | Inventec Corp. | 226,788 | ||
26,314 | Mega Financial Holding Co., Ltd. | 29,419 | ||
2,195 | President Chain Store Corp. | 20,925 | ||
67,421 | SinoPac Financial Holdings Co., Ltd. | 30,363 | ||
130,277 | Synnex Technology International Corp. | 248,838 | ||
57,150 | Taishin Financial Holding Co., Ltd. | 26,840 | ||
76,679 | Taiwan Business Bank | 26,766 | ||
15,089 | Taiwan Cement Corp. | 24,749 | ||
37,514 | Taiwan Cooperative Financial Holding Co., Ltd. | 27,807 | ||
19,738 | Taiwan High Speed Rail Corp. | 21,756 | ||
7,249 | Taiwan Mobile Co., Ltd. | 24,948 | ||
9,238 | Uni-President Enterprises Corp. | 23,635 | ||
138,315 | WPG Holdings Ltd. | 236,560 | ||
1,632,630 | ||||
Thailand – 5.0% | ||||
1,300 | Advanced Info Service PCL | 7,218 | ||
6,300 | Airports of Thailand PCL | 13,910 | ||
5,800 | Bangkok Bank PCL | 23,386 | ||
15,900 | Bangkok Dusit Medical Services PCL | 10,990 | ||
41,700 | Bangkok Expressway & Metro PCL | 11,676 | ||
9,700 | Berli Jucker PCL | 12,183 | ||
49,500 | BTS Group Holdings PCL | 15,286 | ||
3,200 | Bumrungrad Hospital PCL | 13,926 | ||
14,800 | Charoen Pokphand Foods PCL | 13,971 | ||
6,900 | CP ALL PCL | 15,290 | ||
1,000 | Electricity Generating PCL | 5,936 | ||
4,700 | Energy Absolute PCL | 9,325 | ||
6,000 | Gulf Energy Development PCL | 6,432 | ||
32,700 | Home Product Center PCL | 15,487 | ||
4,300 | Intouch Holdings PCL | 7,981 |
Shares | Description | Value | ||
COMMON STOCKS (a) (Continued) | ||||
Thailand (Continued) | ||||
62,800 | Krung Thai Bank PCL | $24,517 | ||
75,900 | Land & Houses PCL | 20,766 | ||
11,900 | Osotspa PCL | 13,423 | ||
34,800 | PTT PCL | 45,658 | ||
3,600 | Ratch Group PCL | 5,904 | ||
1,100 | Siam Cement (The) PCL | 14,045 | ||
8,600 | Siam Commercial Bank (The) PCL | 30,685 | ||
29,700 | Thai Union Group PCL | 13,971 | ||
6,900 | Total Access Communication PCL | 7,231 | ||
71,500 | True Corp PCL | 7,779 | ||
366,976 | ||||
Turkey – 0.8% | ||||
4,281 | Akbank T.A.S. | 2,432 | ||
615 | Arcelik A.S. | 2,492 | ||
1,646 | Aselsan Elektronik Sanayi Ve Ticaret A.S. | 2,980 | ||
1,040 | BIM Birlesik Magazalar A.S. | 8,892 | ||
3,838 | Enka Insaat ve Sanayi A.S. | 3,681 | ||
3,118 | Eregli Demir ve Celik Fabrikalari T.A.S. | 5,762 | ||
174 | Ford Otomotiv Sanayi A.S. | 4,073 | ||
2,650 | Haci Omer Sabanci Holding A.S. | 2,760 | ||
2,006 | KOC Holding A.S. | 4,715 | ||
370 | Tupras Turkiye Petrol Rafinerileri A.S. (b) | 4,033 | ||
1,453 | Turk Hava Yollari AO (b) | 2,244 | ||
2,092 | Turkcell Iletisim Hizmetleri A.S. | 3,793 | ||
3,106 | Turkiye Garanti Bankasi A.S. (b) | 2,516 | ||
4,121 | Turkiye Is Bankasi A.S., Class C (b) | 2,406 | ||
5,326 | Turkiye Vakiflar Bankasi TAO, Class D (b) | 2,232 | ||
10,352 | Yapi ve Kredi Bankasi A.S. (b) | 2,758 | ||
57,769 | ||||
Virgin Islands (British) – 0.1% | ||||
249 | Mail.Ru Group Ltd., GDR (b) (c) | 5,702 | ||
Total Common Stocks | 7,394,240 | |||
(Cost $6,687,269) | ||||
REAL ESTATE INVESTMENT TRUSTS (a) – 0.1% | ||||
Mexico – 0.1% | ||||
6,747 | Fibra Uno Administracion S.A. de C.V. | 7,899 |
Shares | Description | Value | ||
South Africa – 0.0% | ||||
4,847 | Growthpoint Properties Ltd. | $4,335 | ||
Total Real Estate Investment Trusts | 12,234 | |||
(Cost $15,111) | ||||
Total Investments – 100.3% | 7,406,474 | |||
(Cost $6,702,380) (e) | ||||
Net Other Assets and Liabilities – (0.3)% | (25,501) | |||
Net Assets – 100.0% | $7,380,973 |
(a) | Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund’s underlying index. For a breakdown of the portfolio securities by sector, please see the Fund Performance Overview. |
(b) | Non-income producing security. |
(c) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933, as amended (the “1933 Act”). |
(d) | This security is exempt from registration upon resale under Rule 144A of the 1933 Act and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration. As such, it does not require the additional disclosure required of restricted securities. |
(e) | Aggregate cost for federal income tax purposes was $6,840,781. As of March 31, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $1,074,879 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $509,186. The net unrealized appreciation was $565,693. |
GDR | Global Depositary Receipt |
Total Value at 3/31/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Thailand | $ 366,976 | $ — | $ 366,976 | $ — |
Other Country Categories* | 7,027,264 | 7,027,264 | — | — |
Real Estate Investment Trusts* | 12,234 | 12,234 | — | — |
Total Investments | $ 7,406,474 | $ 7,039,498 | $ 366,976 | $— |
* | See Portfolio of Investments for country breakout. |
Currency Exposure Diversification | % of Total Investments |
Hong Kong Dollar | 22.6% |
New Taiwan Dollar | 22.0 |
Indian Rupee | 16.0 |
Brazilian Real | 9.1 |
South African Rand | 7.7 |
Mexican Peso | 5.0 |
Thai Baht | 5.0 |
Indonesian Rupiah | 2.8 |
Russian Ruble | 2.2 |
Malaysian Ringgit | 1.6 |
Philippine Peso | 1.4 |
Chilean Peso | 1.3 |
Polish Zloty | 1.2 |
Turkish Lira | 0.8 |
United States Dollar | 0.4 |
Hungarian Forint | 0.4 |
Colombian Peso | 0.3 |
Egyptian Pound | 0.2 |
Total | 100.0% |
Shares | Description | Value | ||
COMMON STOCKS – 97.1% | ||||
Aerospace & Defense – 1.7% | ||||
218 | Boeing (The) Co. (a) | $55,529 | ||
313 | General Dynamics Corp. | 56,828 | ||
352 | HEICO Corp. | 44,282 | ||
596 | L3Harris Technologies, Inc. | 120,797 | ||
131 | Lockheed Martin Corp. | 48,405 | ||
153 | Northrop Grumman Corp. | 49,517 | ||
652 | Raytheon Technologies Corp. | 50,380 | ||
425,738 | ||||
Air Freight & Logistics – 0.8% | ||||
497 | CH Robinson Worldwide, Inc. | 47,429 | ||
490 | Expeditors International of Washington, Inc. | 52,768 | ||
180 | FedEx Corp. | 51,127 | ||
277 | United Parcel Service, Inc., Class B | 47,087 | ||
198,411 | ||||
Airlines – 0.9% | ||||
2,213 | Delta Air Lines, Inc. (a) | 106,844 | ||
1,909 | Southwest Airlines Co. (a) | 116,563 | ||
223,407 | ||||
Auto Components – 0.4% | ||||
683 | Aptiv PLC (a) | 94,186 | ||
Automobiles – 1.0% | ||||
10,122 | Ford Motor Co. (a) | 123,994 | ||
2,137 | General Motors Co. (a) | 122,792 | ||
246,786 | ||||
Banks – 2.6% | ||||
1,381 | Bank of America Corp. | 53,431 | ||
679 | Citigroup, Inc. | 49,397 | ||
1,171 | Citizens Financial Group, Inc. | 51,699 | ||
1,519 | Fifth Third Bancorp | 56,886 | ||
285 | First Republic Bank | 47,524 | ||
330 | JPMorgan Chase & Co. | 50,236 | ||
2,552 | KeyCorp | 50,989 | ||
329 | M&T Bank Corp. | 49,880 | ||
280 | PNC Financial Services Group (The), Inc. | 49,115 | ||
2,598 | Regions Financial Corp. | 53,675 | ||
874 | Truist Financial Corp. | 50,972 | ||
899 | US Bancorp | 49,724 | ||
1,387 | Wells Fargo & Co. | 54,190 | ||
667,718 | ||||
Beverages – 0.8% | ||||
547 | Brown-Forman Corp., Class B | 37,727 | ||
792 | Coca-Cola (The) Co. | 41,746 | ||
198 | Constellation Brands, Inc., Class A | 45,144 | ||
1,357 | Keurig Dr. Pepper, Inc. | 46,640 |
Shares | Description | Value | ||
Beverages (Continued) | ||||
293 | PepsiCo, Inc. | $41,445 | ||
212,702 | ||||
Biotechnology – 1.2% | ||||
879 | AbbVie, Inc. | 95,126 | ||
410 | Amgen, Inc. | 102,012 | ||
1,616 | Gilead Sciences, Inc. | 104,442 | ||
301,580 | ||||
Building Products – 1.4% | ||||
1,236 | Carrier Global Corp. | 52,184 | ||
1,038 | Fortune Brands Home & Security, Inc. | 99,461 | ||
1,000 | Johnson Controls International PLC | 59,670 | ||
170 | Lennox International, Inc. | 52,970 | ||
848 | Masco Corp. | 50,795 | ||
321 | Trane Technologies PLC | 53,145 | ||
368,225 | ||||
Capital Markets – 3.7% | ||||
215 | Ameriprise Financial, Inc. | 49,977 | ||
855 | Apollo Global Management, Inc. | 40,194 | ||
987 | Bank of New York Mellon (The) Corp. | 46,675 | ||
58 | BlackRock, Inc. | 43,730 | ||
646 | Blackstone Group (The), Inc., Class A | 48,146 | ||
789 | Charles Schwab (The) Corp. | 51,427 | ||
229 | CME Group, Inc. | 46,769 | ||
126 | FactSet Research Systems, Inc. | 38,882 | ||
1,676 | Franklin Resources, Inc. | 49,610 | ||
159 | Goldman Sachs Group (The), Inc. | 51,993 | ||
363 | Intercontinental Exchange, Inc. | 40,540 | ||
1,034 | KKR & Co., Inc. | 50,511 | ||
73 | MarketAxess Holdings, Inc. | 36,348 | ||
144 | Moody’s Corp. | 43,000 | ||
611 | Morgan Stanley | 47,450 | ||
93 | MSCI, Inc. | 38,993 | ||
314 | Nasdaq, Inc. | 46,302 | ||
450 | Northern Trust Corp. | 47,300 | ||
127 | S&P Global, Inc. | 44,814 | ||
575 | State Street Corp. | 48,306 | ||
277 | T Rowe Price Group, Inc. | 47,533 | ||
958,500 | ||||
Chemicals – 1.7% | ||||
76 | Air Products & Chemicals, Inc. | 21,382 | ||
160 | Celanese Corp. | 23,970 | ||
1,122 | Corteva, Inc. | 52,308 | ||
374 | Dow, Inc. | 23,913 | ||
654 | DuPont de Nemours, Inc. | 50,541 | ||
207 | Eastman Chemical Co. | 22,795 | ||
96 | Ecolab, Inc. | 20,551 | ||
181 | FMC Corp. | 20,020 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Chemicals (Continued) | ||||
191 | International Flavors & Fragrances, Inc. | $26,665 | ||
226 | LyondellBasell Industries N.V., Class A | 23,515 | ||
323 | PPG Industries, Inc. | 48,534 | ||
513 | RPM International, Inc. | 47,119 | ||
63 | Sherwin-Williams (The) Co. | 46,495 | ||
427,808 | ||||
Commercial Services & Supplies – 0.7% | ||||
132 | Cintas Corp. | 45,053 | ||
240 | Republic Services, Inc. | 23,844 | ||
2,277 | Rollins, Inc. | 78,374 | ||
195 | Waste Management, Inc. | 25,159 | ||
172,430 | ||||
Communications Equipment – 1.0% | ||||
2,519 | Cisco Systems, Inc. | 130,258 | ||
663 | Motorola Solutions, Inc. | 124,677 | ||
254,935 | ||||
Construction Materials – 0.4% | ||||
164 | Martin Marietta Materials, Inc. | 55,074 | ||
314 | Vulcan Materials Co. | 52,988 | ||
108,062 | ||||
Consumer Finance – 0.8% | ||||
385 | American Express Co. | 54,455 | ||
472 | Capital One Financial Corp. | 60,053 | ||
463 | Discover Financial Services | 43,980 | ||
1,343 | Synchrony Financial | 54,606 | ||
213,094 | ||||
Containers & Packaging – 0.3% | ||||
500 | Ball Corp. | 42,370 | ||
418 | International Paper Co. | 22,601 | ||
64,971 | ||||
Distributors – 0.7% | ||||
886 | Genuine Parts Co. | 102,413 | ||
239 | Pool Corp. | 82,512 | ||
184,925 | ||||
Diversified Telecommunication Services – 1.5% | ||||
3,918 | AT&T, Inc. | 118,598 | ||
11,561 | Lumen Technologies, Inc. | 154,339 | ||
1,919 | Verizon Communications, Inc. | 111,590 | ||
384,527 | ||||
Electric Utilities – 1.2% | ||||
449 | Alliant Energy Corp. | 24,318 |
Shares | Description | Value | ||
Electric Utilities (Continued) | ||||
278 | American Electric Power Co., Inc. | $23,547 | ||
253 | Duke Energy Corp. | 24,422 | ||
368 | Edison International | 21,565 | ||
232 | Entergy Corp. | 23,077 | ||
416 | Evergy, Inc. | 24,764 | ||
268 | Eversource Energy | 23,206 | ||
548 | Exelon Corp. | 23,969 | ||
756 | FirstEnergy Corp. | 26,226 | ||
300 | NextEra Energy, Inc. | 22,683 | ||
821 | PPL Corp. | 23,678 | ||
377 | Southern (The) Co. | 23,434 | ||
347 | Xcel Energy, Inc. | 23,079 | ||
307,968 | ||||
Electrical Equipment – 0.8% | ||||
385 | AMETEK, Inc. | 49,176 | ||
388 | Eaton Corp. PLC | 53,653 | ||
580 | Emerson Electric Co. | 52,327 | ||
186 | Rockwell Automation, Inc. | 49,372 | ||
204,528 | ||||
Electronic Equipment, Instruments & Components – 3.6% | ||||
2,945 | Amphenol Corp., Class A | 194,282 | ||
1,461 | CDW Corp. | 242,161 | ||
581 | Cognex Corp. | 48,217 | ||
5,349 | Corning, Inc. | 232,735 | ||
1,591 | TE Connectivity Ltd. | 205,414 | ||
922,809 | ||||
Energy Equipment & Services – 0.4% | ||||
1,526 | Baker Hughes Co. | 32,977 | ||
1,684 | Halliburton Co. | 36,138 | ||
1,458 | Schlumberger N.V. | 39,643 | ||
108,758 | ||||
Entertainment – 0.7% | ||||
958 | Activision Blizzard, Inc. | 89,094 | ||
620 | Electronic Arts, Inc. | 83,929 | ||
173,023 | ||||
Food & Staples Retailing – 1.3% | ||||
236 | Costco Wholesale Corp. | 83,185 | ||
1,368 | Kroger (The) Co. | 49,235 | ||
585 | Sysco Corp. | 46,063 | ||
1,089 | Walgreens Boots Alliance, Inc. | 59,786 | ||
617 | Walmart, Inc. | 83,807 | ||
322,076 | ||||
Food Products – 2.1% | ||||
862 | Archer-Daniels-Midland Co. | 49,134 | ||
898 | Campbell Soup Co. | 45,142 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Food Products (Continued) | ||||
1,198 | Conagra Brands, Inc. | $45,045 | ||
739 | General Mills, Inc. | 45,316 | ||
285 | Hershey (The) Co. | 45,076 | ||
932 | Hormel Foods Corp. | 44,531 | ||
376 | JM Smucker (The) Co. | 47,575 | ||
698 | Kellogg Co. | 44,183 | ||
1,253 | Kraft Heinz (The) Co. | 50,120 | ||
454 | McCormick & Co., Inc. | 40,479 | ||
743 | Mondelez International, Inc., Class A | 43,488 | ||
674 | Tyson Foods, Inc., Class A | 50,078 | ||
550,167 | ||||
Gas Utilities – 0.1% | ||||
243 | Atmos Energy Corp. | 24,021 | ||
Health Care Equipment & Supplies – 4.4% | ||||
860 | Abbott Laboratories | 103,062 | ||
1,174 | Baxter International, Inc. | 99,015 | ||
376 | Becton Dickinson and Co. | 91,424 | ||
259 | Cooper (The) Cos., Inc. | 99,479 | ||
424 | Danaher Corp. | 95,434 | ||
804 | Medtronic PLC | 94,977 | ||
443 | ResMed, Inc. | 85,951 | ||
497 | STERIS PLC | 94,669 | ||
384 | Stryker Corp. | 93,535 | ||
229 | Teleflex, Inc. | 95,140 | ||
331 | West Pharmaceutical Services, Inc. | 93,269 | ||
611 | Zimmer Biomet Holdings, Inc. | 97,809 | ||
1,143,764 | ||||
Health Care Providers & Services – 3.4% | ||||
444 | AmerisourceBergen Corp. | 52,423 | ||
293 | Anthem, Inc. | 105,172 | ||
1,758 | Cardinal Health, Inc. | 106,799 | ||
452 | Cigna Corp. | 109,266 | ||
636 | CVS Health Corp. | 47,846 | ||
573 | HCA Healthcare, Inc. | 107,919 | ||
229 | Humana, Inc. | 96,008 | ||
250 | McKesson Corp. | 48,760 | ||
790 | Quest Diagnostics, Inc. | 101,389 | ||
269 | UnitedHealth Group, Inc. | 100,087 | ||
875,669 | ||||
Health Care Technology – 0.3% | ||||
1,200 | Cerner Corp. | 86,256 | ||
Hotels, Restaurants & Leisure – 3.4% | ||||
232 | Domino’s Pizza, Inc. | 85,327 | ||
671 | Expedia Group, Inc. (a) | 115,492 |
Shares | Description | Value | ||
Hotels, Restaurants & Leisure (Continued) | ||||
800 | Hilton Worldwide Holdings, Inc. (a) | $96,736 | ||
1,493 | Las Vegas Sands Corp. (a) | 90,715 | ||
674 | Marriott International, Inc., Class A (a) | 99,826 | ||
415 | McDonald’s Corp. | 93,018 | ||
1,191 | Royal Caribbean Cruises Ltd. (a) | 101,961 | ||
832 | Starbucks Corp. | 90,913 | ||
820 | Yum! Brands, Inc. | 88,708 | ||
862,696 | ||||
Household Durables – 2.1% | ||||
1,291 | DR Horton, Inc. | 115,054 | ||
744 | Garmin Ltd. | 98,096 | ||
1,167 | Lennar Corp., Class A | 118,135 | ||
2,063 | PulteGroup, Inc. | 108,184 | ||
493 | Whirlpool Corp. | 108,633 | ||
548,102 | ||||
Household Products – 0.8% | ||||
498 | Church & Dwight Co., Inc. | 43,500 | ||
215 | Clorox (The) Co. | 41,469 | ||
508 | Colgate-Palmolive Co. | 40,046 | ||
322 | Kimberly-Clark Corp. | 44,774 | ||
312 | Procter & Gamble (The) Co. | 42,254 | ||
212,043 | ||||
Independent Power & Renewable Electricity Producers – 0.1% | ||||
985 | AES (The) Corp. | 26,408 | ||
Industrial Conglomerates – 1.3% | ||||
267 | 3M Co. | 51,446 | ||
4,316 | General Electric Co. | 56,669 | ||
219 | Honeywell International, Inc. | 47,538 | ||
447 | Roper Technologies, Inc. | 180,293 | ||
335,946 | ||||
Insurance – 3.1% | ||||
942 | Aflac, Inc. | 48,212 | ||
381 | Allstate (The) Corp. | 43,777 | ||
1,106 | American International Group, Inc. | 51,108 | ||
198 | Aon PLC, Class A | 45,562 | ||
338 | Arthur J. Gallagher & Co. | 42,172 | ||
883 | Brown & Brown, Inc. | 40,362 | ||
272 | Chubb Ltd. | 42,968 | ||
479 | Cincinnati Financial Corp. | 49,380 | ||
855 | Hartford Financial Services Group (The), Inc. | 57,105 | ||
930 | Loews Corp. | 47,690 | ||
358 | Marsh & McLennan Cos., Inc. | 43,604 | ||
892 | MetLife, Inc. | 54,225 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Insurance (Continued) | ||||
844 | Principal Financial Group, Inc. | $50,606 | ||
423 | Progressive (The) Corp. | 40,443 | ||
535 | Prudential Financial, Inc. | 48,739 | ||
297 | Travelers (The) Cos., Inc. | 44,669 | ||
630 | WR Berkley Corp. | 47,471 | ||
798,093 | ||||
Internet & Direct Marketing Retail – 0.4% | ||||
1,771 | eBay, Inc. | 108,456 | ||
IT Services – 3.3% | ||||
178 | Accenture PLC, Class A | 49,172 | ||
265 | Automatic Data Processing, Inc. | 49,945 | ||
273 | Broadridge Financial Solutions, Inc. | 41,796 | ||
2,350 | Cognizant Technology Solutions Corp., Class A | 183,582 | ||
329 | Fidelity National Information Services, Inc. | 46,261 | ||
216 | Global Payments, Inc. | 43,541 | ||
1,530 | International Business Machines Corp. | 203,888 | ||
288 | Jack Henry & Associates, Inc. | 43,695 | ||
131 | Mastercard, Inc., Class A | 46,643 | ||
500 | Paychex, Inc. | 49,010 | ||
212 | Visa, Inc., Class A | 44,887 | ||
2,124 | Western Union (The) Co. | 52,378 | ||
854,798 | ||||
Leisure Products – 0.4% | ||||
951 | Hasbro, Inc. | 91,410 | ||
Life Sciences Tools & Services – 1.5% | ||||
795 | Agilent Technologies, Inc. | 101,076 | ||
297 | Bio-Techne Corp. | 113,433 | ||
656 | PerkinElmer, Inc. | 84,158 | ||
202 | Thermo Fisher Scientific, Inc. | 92,189 | ||
390,856 | ||||
Machinery – 2.8% | ||||
256 | Caterpillar, Inc. | 59,359 | ||
205 | Cummins, Inc. | 53,118 | ||
173 | Deere & Co. | 64,726 | ||
369 | Dover Corp. | 50,601 | ||
658 | Fortive Corp. | 46,481 | ||
234 | IDEX Corp. | 48,981 | ||
229 | Illinois Tool Works, Inc. | 50,728 | ||
232 | Nordson Corp. | 46,094 | ||
690 | Otis Worldwide Corp. | 47,230 | ||
540 | PACCAR, Inc. | 50,177 | ||
171 | Parker-Hannifin Corp. | 53,938 | ||
261 | Stanley Black & Decker, Inc. | 52,114 | ||
637 | Westinghouse Air Brake Technologies Corp. | 50,425 |
Shares | Description | Value | ||
Machinery (Continued) | ||||
458 | Xylem, Inc. | $48,172 | ||
722,144 | ||||
Media – 2.4% | ||||
51 | Cable One, Inc. | 93,246 | ||
2,150 | Comcast Corp., Class A | 116,337 | ||
3,056 | Fox Corp., Class A | 110,352 | ||
1,427 | Omnicom Group, Inc. | 105,812 | ||
13,968 | Sirius XM Holdings, Inc. | 85,065 | ||
2,388 | ViacomCBS, Inc., Class B | 107,699 | ||
618,511 | ||||
Metals & Mining – 0.3% | ||||
798 | Freeport-McMoRan, Inc. | 26,278 | ||
347 | Newmont Corp. | 20,914 | ||
390 | Nucor Corp. | 31,305 | ||
78,497 | ||||
Multiline Retail – 0.7% | ||||
423 | Dollar General Corp. | 85,708 | ||
504 | Target Corp. | 99,827 | ||
185,535 | ||||
Multi-Utilities – 0.8% | ||||
297 | Ameren Corp. | 24,164 | ||
1,070 | CenterPoint Energy, Inc. | 24,235 | ||
379 | CMS Energy Corp. | 23,202 | ||
320 | Consolidated Edison, Inc. | 23,936 | ||
308 | Dominion Energy, Inc. | 23,396 | ||
191 | DTE Energy Co. | 25,430 | ||
397 | Public Service Enterprise Group, Inc. | 23,903 | ||
182 | Sempra Energy | 24,130 | ||
251 | WEC Energy Group, Inc. | 23,491 | ||
215,887 | ||||
Oil, Gas & Consumable Fuels – 2.1% | ||||
377 | Chevron Corp. | 39,506 | ||
795 | ConocoPhillips | 42,111 | ||
637 | EOG Resources, Inc. | 46,202 | ||
772 | Exxon Mobil Corp. | 43,101 | ||
603 | Hess Corp. | 42,668 | ||
2,328 | Kinder Morgan, Inc. | 38,761 | ||
770 | Marathon Petroleum Corp. | 41,187 | ||
1,839 | Occidental Petroleum Corp. | 48,954 | ||
829 | ONEOK, Inc. | 41,997 | ||
455 | Phillips 66 | 37,101 | ||
279 | Pioneer Natural Resources Co. | 44,311 | ||
563 | Valero Energy Corp. | 40,311 | ||
1,587 | Williams (The) Cos., Inc. | 37,596 | ||
543,806 | ||||
Personal Products – 0.4% | ||||
334 | Estee Lauder (The) Cos., Inc., Class A | 97,144 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Pharmaceuticals – 2.2% | ||||
1,518 | Bristol-Myers Squibb Co. | $95,831 | ||
558 | Eli Lilly & Co. | 104,246 | ||
598 | Johnson & Johnson | 98,281 | ||
1,151 | Merck & Co., Inc. | 88,731 | ||
2,558 | Pfizer, Inc. | 92,676 | ||
569 | Zoetis, Inc. | 89,606 | ||
569,371 | ||||
Professional Services – 1.6% | ||||
535 | Booz Allen Hamilton Holding Corp. | 43,084 | ||
242 | Equifax, Inc. | 43,833 | ||
428 | Jacobs Engineering Group, Inc. | 55,328 | ||
1,832 | Leidos Holdings, Inc. | 176,385 | ||
470 | TransUnion | 42,300 | ||
225 | Verisk Analytics, Inc. | 39,755 | ||
400,685 | ||||
Road & Rail – 1.3% | ||||
514 | CSX Corp. | 49,560 | ||
341 | JB Hunt Transport Services, Inc. | 57,312 | ||
228 | Kansas City Southern | 60,174 | ||
195 | Norfolk Southern Corp. | 52,361 | ||
239 | Old Dominion Freight Line, Inc. | 57,458 | ||
224 | Union Pacific Corp. | 49,372 | ||
326,237 | ||||
Semiconductors & Semiconductor Equipment – 12.8% | ||||
1,304 | Analog Devices, Inc. | 202,224 | ||
2,232 | Applied Materials, Inc. | 298,195 | ||
440 | Broadcom, Inc. | 204,010 | ||
3,866 | Intel Corp. | 247,424 | ||
744 | KLA Corp. | 245,818 | ||
408 | Lam Research Corp. | 242,858 | ||
4,051 | Marvell Technology Group Ltd. | 198,418 | ||
1,394 | Microchip Technology, Inc. | 216,377 | ||
526 | Monolithic Power Systems, Inc. | 185,788 | ||
369 | NVIDIA Corp. | 197,020 | ||
1,211 | NXP Semiconductors N.V. | 243,823 | ||
1,264 | QUALCOMM, Inc. | 167,594 | ||
1,260 | Skyworks Solutions, Inc. | 231,185 | ||
1,606 | Teradyne, Inc. | 195,418 | ||
1,173 | Texas Instruments, Inc. | 221,685 | ||
3,297,837 | ||||
Software – 4.7% | ||||
1,480 | Citrix Systems, Inc. | 207,733 | ||
507 | Intuit, Inc. | 194,211 | ||
866 | Microsoft Corp. | 204,177 | ||
9,268 | NortonLifeLock, Inc. | 197,038 | ||
2,977 | Oracle Corp. | 208,896 |
Shares | Description | Value | ||
Software (Continued) | ||||
2,647 | SS&C Technologies Holdings, Inc. | $184,946 | ||
1,197,001 | ||||
Specialty Retail – 2.7% | ||||
565 | Advance Auto Parts, Inc. | 103,672 | ||
892 | Best Buy Co., Inc. | 102,410 | ||
335 | Home Depot (The), Inc. | 102,259 | ||
554 | Lowe’s Cos., Inc. | 105,360 | ||
725 | Ross Stores, Inc. | 86,935 | ||
1,303 | TJX (The) Cos., Inc. | 86,193 | ||
633 | Tractor Supply Co. | 112,092 | ||
698,921 | ||||
Technology Hardware, Storage & Peripherals – 4.5% | ||||
1,451 | Apple, Inc. | 177,240 | ||
16,252 | Hewlett Packard Enterprise Co. | 255,806 | ||
7,832 | HP, Inc. | 248,666 | ||
3,098 | Seagate Technology PLC | 237,772 | ||
3,476 | Western Digital Corp. | 232,023 | ||
1,151,507 | ||||
Textiles, Apparel & Luxury Goods – 0.6% | ||||
629 | NIKE, Inc., Class B | 83,588 | ||
1,042 | VF Corp. | 83,276 | ||
166,864 | ||||
Tobacco – 0.4% | ||||
1,060 | Altria Group, Inc. | 54,230 | ||
525 | Philip Morris International, Inc. | 46,588 | ||
100,818 | ||||
Trading Companies & Distributors – 0.3% | ||||
425 | Fastenal Co. | 21,369 | ||
114 | WW Grainger, Inc. | 45,706 | ||
67,075 | ||||
Water Utilities – 0.2% | ||||
151 | American Water Works Co., Inc. | 22,638 | ||
489 | Essential Utilities, Inc. | 21,883 | ||
44,521 | ||||
Total Common Stocks | 24,938,213 | |||
(Cost $19,156,832) | ||||
REAL ESTATE INVESTMENT TRUSTS – 2.6% | ||||
Equity Real Estate Investment Trusts – 2.5% | ||||
120 | Alexandria Real Estate Equities, Inc. | 19,716 | ||
95 | American Tower Corp. | 22,711 | ||
134 | AvalonBay Communities, Inc. | 24,724 | ||
227 | Boston Properties, Inc. | 22,986 |
Shares | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS (Continued) | ||||
Equity Real Estate Investment Trusts (Continued) | ||||
135 | Crown Castle International Corp. | $23,237 | ||
154 | Digital Realty Trust, Inc. | 21,689 | ||
535 | Duke Realty Corp. | 22,433 | ||
30 | Equinix, Inc. | 20,388 | ||
338 | Equity LifeStyle Properties, Inc. | 21,510 | ||
361 | Equity Residential | 25,858 | ||
90 | Essex Property Trust, Inc. | 24,466 | ||
185 | Extra Space Storage, Inc. | 24,522 | ||
709 | Healthpeak Properties, Inc. | 22,504 | ||
721 | Invitation Homes, Inc. | 23,065 | ||
983 | Medical Properties Trust, Inc. | 20,918 | ||
169 | Mid-America Apartment Communities, Inc. | 24,397 | ||
215 | Prologis, Inc. | 22,790 | ||
93 | Public Storage | 22,949 | ||
345 | Realty Income Corp. | 21,907 | ||
76 | SBA Communications Corp. | 21,094 | ||
251 | Simon Property Group, Inc. | 28,556 | ||
141 | Sun Communities, Inc. | 21,156 | ||
558 | UDR, Inc. | 24,474 | ||
437 | Ventas, Inc. | 23,310 | ||
840 | VICI Properties, Inc. | 23,722 | ||
331 | Welltower, Inc. | 23,709 | ||
639 | Weyerhaeuser Co. | 22,748 | ||
304 | WP Carey, Inc. | 21,511 | ||
643,050 | ||||
Mortgage Real Estate Investment Trusts – 0.1% | ||||
4,955 | Annaly Capital Management, Inc. | 42,613 | ||
Total Real Estate Investment Trusts | 685,663 | |||
(Cost $574,112) | ||||
Total Investments – 99.7% | 25,623,876 | |||
(Cost $19,730,944) (b) | ||||
Net Other Assets and Liabilities – 0.3% | 65,550 | |||
Net Assets – 100.0% | $25,689,426 |
(a) | Non-income producing security. |
(b) | Aggregate cost for federal income tax purposes was $19,908,382. As of March 31, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $5,946,186 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $230,692. The net unrealized appreciation was $5,715,494. |
Total Value at 3/31/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 24,938,213 | $ 24,938,213 | $ — | $ — |
Real Estate Investment Trusts* | 685,663 | 685,663 | — | — |
Total Investments | $ 25,623,876 | $ 25,623,876 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 91.2% | ||||
Aerospace & Defense – 1.5% | ||||
641 | BWX Technologies, Inc. | $42,268 | ||
332 | Curtiss-Wright Corp. | 39,375 | ||
548 | Hexcel Corp. (a) | 30,688 | ||
1,354 | Howmet Aerospace, Inc. (a) | 43,504 | ||
226 | Huntington Ingalls Industries, Inc. | 46,522 | ||
799 | Textron, Inc. | 44,808 | ||
247,165 | ||||
Airlines – 0.8% | ||||
863 | Alaska Air Group, Inc. (a) | 59,728 | ||
2,847 | American Airlines Group, Inc. (a) | 68,044 | ||
127,772 | ||||
Auto Components – 1.2% | ||||
1,162 | BorgWarner, Inc. | 53,870 | ||
1,324 | Gentex Corp. | 47,227 | ||
346 | LCI Industries | 45,769 | ||
282 | Lear Corp. | 51,113 | ||
197,979 | ||||
Automobiles – 0.7% | ||||
1,224 | Harley-Davidson, Inc. | 49,082 | ||
483 | Thor Industries, Inc. | 65,080 | ||
114,162 | ||||
Banks – 5.3% | ||||
889 | Bank OZK | 36,316 | ||
406 | BOK Financial Corp. | 36,264 | ||
498 | Comerica, Inc. | 35,727 | ||
423 | Commerce Bancshares, Inc. | 32,406 | ||
446 | Community Bank System, Inc. | 34,217 | ||
319 | Cullen/Frost Bankers, Inc. | 34,695 | ||
548 | East West Bancorp, Inc. | 40,442 | ||
48 | First Citizens BancShares, Inc., Class A | 40,117 | ||
769 | First Financial Bankshares, Inc. | 35,935 | ||
2,181 | First Horizon Corp. | 36,881 | ||
604 | Glacier Bancorp, Inc. | 34,476 | ||
1,429 | Home BancShares, Inc. | 38,655 | ||
2,203 | Huntington Bancshares, Inc. | 34,631 | ||
2,152 | People’s United Financial, Inc. | 38,521 | ||
432 | Pinnacle Financial Partners, Inc. | 38,301 | ||
494 | Popular, Inc. | 34,738 | ||
401 | Prosperity Bancshares, Inc. | 30,031 | ||
206 | Signature Bank | 46,577 | ||
385 | South State Corp. | 30,226 | ||
859 | Synovus Financial Corp. | 39,299 | ||
859 | United Bankshares, Inc. | 33,140 | ||
2,854 | Valley National Bancorp | 39,214 | ||
464 | Western Alliance Bancorp | 43,820 | ||
640 | Zions Bancorp N.A. | 35,174 | ||
879,803 |
Shares | Description | Value | ||
Beverages – 0.3% | ||||
1,103 | Molson Coors Beverage Co., Class B (a) | $56,418 | ||
Building Products – 2.1% | ||||
704 | A.O. Smith Corp. | 47,597 | ||
580 | AAON, Inc. | 40,606 | ||
462 | Advanced Drainage Systems, Inc. | 47,766 | ||
332 | Allegion PLC | 41,706 | ||
519 | Armstrong World Industries, Inc. | 46,757 | ||
510 | Owens Corning | 46,966 | ||
413 | Simpson Manufacturing Co., Inc. | 42,840 | ||
478 | UFP Industries, Inc. | 36,252 | ||
350,490 | ||||
Capital Markets – 3.3% | ||||
273 | Affiliated Managers Group, Inc. | 40,685 | ||
591 | Ares Management Corp., Class A | 33,114 | ||
885 | Carlyle Group (The), Inc. | 32,533 | ||
299 | Cboe Global Markets, Inc. | 29,508 | ||
374 | Cohen & Steers, Inc. | 24,433 | ||
963 | Federated Hermes, Inc. | 30,142 | ||
414 | Houlihan Lokey, Inc. | 27,535 | ||
456 | Interactive Brokers Group, Inc., Class A | 33,306 | ||
1,595 | Invesco, Ltd. | 40,226 | ||
657 | Lazard Ltd., Class A | 28,586 | ||
267 | LPL Financial Holdings, Inc. | 37,957 | ||
120 | Morningstar, Inc. | 27,005 | ||
291 | Raymond James Financial, Inc. | 35,665 | ||
484 | SEI Investments Co. | 29,490 | ||
551 | Stifel Financial Corp. | 35,297 | ||
445 | Tradeweb Markets, Inc., Class A | 32,930 | ||
1,106 | Virtu Financial, Inc., Class A | 34,341 | ||
552,753 | ||||
Chemicals – 2.5% | ||||
180 | Albemarle Corp. | 26,300 | ||
335 | Ashland Global Holdings, Inc. | 29,738 | ||
231 | Balchem Corp. | 28,970 | ||
686 | CF Industries Holdings, Inc. | 31,131 | ||
1,072 | Chemours (The) Co. | 29,919 | ||
1,499 | Element Solutions, Inc. | 27,417 | ||
1,057 | Huntsman Corp. | 30,473 | ||
1,155 | Mosaic (The) Co. | 36,509 | ||
67 | NewMarket Corp. | 25,471 | ||
105 | Quaker Chemical Corp. | 25,596 | ||
133 | Scotts Miracle-Gro (The) Co. | 32,581 | ||
1,149 | Valvoline, Inc. | 29,954 | ||
325 | Westlake Chemical Corp. | 28,857 | ||
484 | WR Grace & Co. | 28,972 | ||
411,888 | ||||
Commercial Services & Supplies – 1.0% | ||||
4,923 | ADT, Inc. | 41,550 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Commercial Services & Supplies (Continued) | ||||
258 | MSA Safety, Inc. | $38,705 | ||
334 | Tetra Tech, Inc. | 45,331 | ||
182 | UniFirst Corp. | 40,715 | ||
166,301 | ||||
Communications Equipment – 0.7% | ||||
4,334 | Juniper Networks, Inc. | 109,780 | ||
Construction & Engineering – 0.9% | ||||
422 | EMCOR Group, Inc. | 47,332 | ||
536 | Quanta Services, Inc. | 47,157 | ||
221 | Valmont Industries, Inc. | 52,525 | ||
147,014 | ||||
Construction Materials – 0.3% | ||||
381 | Eagle Materials, Inc. | 51,210 | ||
Consumer Finance – 0.8% | ||||
780 | Ally Financial, Inc. | 35,264 | ||
577 | OneMain Holdings, Inc. | 30,996 | ||
833 | PROG Holdings, Inc. | 36,061 | ||
1,264 | Santander Consumer USA Holdings, Inc. | 34,204 | ||
136,525 | ||||
Containers & Packaging – 1.9% | ||||
282 | AptarGroup, Inc. | 39,951 | ||
171 | Avery Dennison Corp. | 31,404 | ||
2,281 | Graphic Packaging Holding Co. | 41,423 | ||
280 | Packaging Corp. of America | 37,655 | ||
843 | Sealed Air Corp. | 38,626 | ||
1,041 | Silgan Holdings, Inc. | 43,753 | ||
652 | Sonoco Products Co. | 41,272 | ||
887 | WestRock Co. | 46,168 | ||
320,252 | ||||
Diversified Consumer Services – 0.9% | ||||
2,831 | H&R Block, Inc. | 61,716 | ||
914 | Service Corp. International | 46,660 | ||
471 | Strategic Education, Inc. | 43,289 | ||
151,665 | ||||
Diversified Financial Services – 0.6% | ||||
1,088 | Equitable Holdings, Inc. | 35,490 | ||
1,131 | Jefferies Financial Group, Inc. | 34,043 | ||
473 | Voya Financial, Inc. | 30,102 | ||
99,635 |
Shares | Description | Value | ||
Diversified Telecommunication Services – 0.7% | ||||
1,629 | Cogent Communications Holdings, Inc. | $112,010 | ||
Electric Utilities – 1.3% | ||||
450 | ALLETE, Inc. | 30,236 | ||
787 | Hawaiian Electric Industries, Inc. | 34,966 | ||
290 | IDACORP, Inc. | 28,991 | ||
743 | NRG Energy, Inc. | 28,033 | ||
875 | OGE Energy Corp. | 28,315 | ||
349 | Pinnacle West Capital Corp. | 28,391 | ||
652 | Portland General Electric Co. | 30,951 | ||
209,883 | ||||
Electrical Equipment – 1.8% | ||||
319 | Acuity Brands, Inc. | 52,635 | ||
465 | EnerSys | 42,222 | ||
246 | Hubbell, Inc. | 45,975 | ||
314 | Regal Beloit Corp. | 44,801 | ||
5,619 | Vertiv Holdings Co. | 112,380 | ||
298,013 | ||||
Electronic Equipment, Instruments & Components – 3.8% | ||||
2,988 | Avnet, Inc. | 124,032 | ||
462 | Dolby Laboratories, Inc., Class A | 45,609 | ||
881 | FLIR Systems, Inc. | 49,750 | ||
2,467 | Jabil, Inc. | 128,679 | ||
152 | Littelfuse, Inc. | 40,195 | ||
2,387 | National Instruments Corp. | 103,082 | ||
1,288 | SYNNEX Corp. | 147,914 | ||
639,261 | ||||
Energy Equipment & Services – 0.2% | ||||
2,603 | NOV, Inc. (a) | 35,713 | ||
Food & Staples Retailing – 0.4% | ||||
279 | Casey’s General Stores, Inc. | 60,317 | ||
Food Products – 2.0% | ||||
760 | Bunge Ltd. | 60,245 | ||
2,203 | Flowers Foods, Inc. | 52,431 | ||
633 | Ingredion, Inc. | 56,919 | ||
633 | Lamb Weston Holdings, Inc. | 49,045 | ||
271 | Lancaster Colony Corp. | 47,523 | ||
16 | Seaboard Corp. | 59,040 | ||
325,203 | ||||
Gas Utilities – 1.1% | ||||
677 | National Fuel Gas Co. | 33,843 | ||
784 | New Jersey Resources Corp. | 31,258 | ||
363 | ONE Gas, Inc. | 27,919 | ||
459 | Southwest Gas Holdings, Inc. | 31,538 | ||
435 | Spire, Inc. | 32,142 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Gas Utilities (Continued) | ||||
797 | UGI Corp. | $32,685 | ||
189,385 | ||||
Health Care Equipment & Supplies – 3.9% | ||||
5,284 | DENTSPLY SIRONA, Inc. | 337,172 | ||
2,824 | Hill-Rom Holdings, Inc. | 311,996 | ||
649,168 | ||||
Health Care Providers & Services – 4.7% | ||||
519 | Chemed Corp. | 238,647 | ||
3,346 | Encompass Health Corp. | 274,037 | ||
2,012 | Universal Health Services, Inc., Class B | 268,381 | ||
781,065 | ||||
Hotels, Restaurants & Leisure – 4.5% | ||||
1,167 | Aramark | 44,089 | ||
2,074 | Carnival Corp. (a) | 55,044 | ||
421 | Choice Hotels International, Inc. | 45,169 | ||
230 | Churchill Downs, Inc. | 52,307 | ||
340 | Cracker Barrel Old Country Store, Inc. | 58,779 | ||
377 | Darden Restaurants, Inc. | 53,534 | ||
327 | Marriott Vacations Worldwide Corp. (a) | 56,957 | ||
1,426 | MGM Resorts International | 54,174 | ||
529 | Papa John’s International, Inc. | 46,891 | ||
574 | Texas Roadhouse, Inc. (a) | 55,069 | ||
161 | Vail Resorts, Inc. (a) | 46,957 | ||
2,048 | Wendy’s (The) Co. | 41,492 | ||
339 | Wingstop, Inc. | 43,111 | ||
755 | Wyndham Hotels & Resorts, Inc. | 52,684 | ||
398 | Wynn Resorts Ltd. (a) | 49,897 | ||
756,154 | ||||
Household Durables – 1.7% | ||||
1,339 | KB Home | 62,304 | ||
1,013 | Leggett & Platt, Inc. | 46,243 | ||
998 | MDC Holdings, Inc. | 59,281 | ||
2,116 | Newell Brands, Inc. | 56,667 | ||
1,033 | Toll Brothers, Inc. | 58,602 | ||
283,097 | ||||
Household Products – 1.0% | ||||
1,181 | Energizer Holdings, Inc. | 56,050 | ||
1,660 | Reynolds Consumer Products, Inc. | 49,435 | ||
188 | WD-40 Co. | 57,562 | ||
163,047 |
Shares | Description | Value | ||
Independent Power & Renewable Electricity Producers – 0.4% | ||||
873 | Clearway Energy, Inc., Class C | $24,566 | ||
309 | Ormat Technologies, Inc. | 24,266 | ||
1,418 | Vistra Corp. | 25,070 | ||
73,902 | ||||
Industrial Conglomerates – 0.2% | ||||
247 | Carlisle Cos., Inc. | 40,651 | ||
Insurance – 3.6% | ||||
317 | American Financial Group, Inc. | 36,170 | ||
204 | Assurant, Inc. | 28,921 | ||
552 | Axis Capital Holdings Ltd. | 27,363 | ||
113 | Erie Indemnity Co., Class A | 24,963 | ||
119 | Everest Re Group Ltd. | 29,489 | ||
711 | Fidelity National Financial, Inc. | 28,909 | ||
539 | First American Financial Corp. | 30,534 | ||
293 | Globe Life, Inc. | 28,313 | ||
238 | Hanover Insurance Group (The), Inc. | 30,811 | ||
362 | Kemper Corp. | 28,859 | ||
139 | Kinsale Capital Group, Inc. | 22,907 | ||
553 | Lincoln National Corp. | 34,435 | ||
1,412 | Old Republic International Corp. | 30,838 | ||
208 | Primerica, Inc. | 30,747 | ||
240 | Reinsurance Group of America, Inc. | 30,252 | ||
168 | RenaissanceRe Holdings Ltd. | 26,922 | ||
267 | RLI Corp. | 29,789 | ||
415 | Selective Insurance Group, Inc. | 30,104 | ||
1,213 | Unum Group | 33,758 | ||
28 | White Mountains Insurance Group Ltd. | 31,217 | ||
595,301 | ||||
IT Services – 2.1% | ||||
4,074 | DXC Technology Co. (a) | 127,353 | ||
934 | Genpact Ltd. | 39,994 | ||
528 | MAXIMUS, Inc. | 47,013 | ||
4,357 | Perspecta, Inc. | 126,571 | ||
340,931 | ||||
Leisure Products – 0.9% | ||||
1,107 | Acushnet Holdings Corp. | 45,752 | ||
506 | Brunswick Corp. | 48,257 | ||
471 | Polaris, Inc. | 62,879 | ||
156,888 | ||||
Life Sciences Tools & Services – 2.0% | ||||
5,111 | Bruker Corp. | 328,535 | ||
Machinery – 3.8% | ||||
375 | AGCO Corp. | 53,869 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Machinery (Continued) | ||||
895 | Allison Transmission Holdings, Inc. | $36,543 | ||
497 | Crane Co. | 46,673 | ||
691 | Donaldson Co., Inc. | 40,189 | ||
1,048 | Flowserve Corp. | 40,673 | ||
534 | Graco, Inc. | 38,245 | ||
501 | ITT, Inc. | 45,546 | ||
339 | John Bean Technologies Corp. | 45,202 | ||
332 | Lincoln Electric Holdings, Inc. | 40,816 | ||
449 | Oshkosh Corp. | 53,278 | ||
673 | Rexnord Corp. | 31,692 | ||
226 | Snap-on, Inc. | 52,147 | ||
343 | Timken (The) Co. | 27,841 | ||
407 | Toro (The) Co. | 41,978 | ||
318 | Woodward, Inc. | 38,360 | ||
633,052 | ||||
Media – 1.3% | ||||
1,910 | Interpublic Group of (The) Cos., Inc. | 55,772 | ||
867 | New York Times (The) Co., Class A | 43,887 | ||
2,498 | News Corp., Class A | 63,524 | ||
411 | Nexstar Media Group, Inc., Class A | 57,717 | ||
220,900 | ||||
Metals & Mining – 0.7% | ||||
4,102 | Hecla Mining Co. | 23,340 | ||
222 | Reliance Steel & Aluminum Co. | 33,809 | ||
250 | Royal Gold, Inc. | 26,905 | ||
720 | Steel Dynamics, Inc. | 36,547 | ||
120,601 | ||||
Multiline Retail – 0.4% | ||||
1,103 | Kohl’s Corp. | 65,750 | ||
Multi-Utilities – 0.8% | ||||
453 | Black Hills Corp. | 30,247 | ||
1,467 | MDU Resources Group, Inc. | 46,372 | ||
1,216 | NiSource, Inc. | 29,318 | ||
478 | NorthWestern Corp. | 31,165 | ||
137,102 | ||||
Oil, Gas & Consumable Fuels – 2.8% | ||||
4,636 | Antero Midstream Corp. | 41,863 | ||
2,519 | APA Corp. | 45,090 | ||
2,196 | Cabot Oil & Gas Corp. | 41,241 | ||
2,259 | Devon Energy Corp. | 49,359 | ||
738 | Diamondback Energy, Inc. | 54,236 | ||
2,812 | EQT Corp. (a) | 52,247 | ||
4,446 | Equitrans Midstream Corp. | 36,279 | ||
1,383 | HollyFrontier Corp. | 49,484 | ||
5,355 | Marathon Oil Corp. | 57,192 |
Shares | Description | Value | ||
Oil, Gas & Consumable Fuels (Continued) | ||||
1,355 | Targa Resources Corp. | $43,021 | ||
470,012 | ||||
Paper & Forest Products – 0.3% | ||||
1,039 | Louisiana-Pacific Corp. | 57,623 | ||
Personal Products – 0.3% | ||||
6,395 | Coty, Inc., Class A (a) | 57,619 | ||
Pharmaceuticals – 1.5% | ||||
6,187 | Perrigo Co. PLC | 250,388 | ||
Professional Services – 2.1% | ||||
499 | CoreLogic, Inc. | 39,546 | ||
429 | Exponent, Inc. | 41,806 | ||
474 | Insperity, Inc. | 39,693 | ||
1,249 | KBR, Inc. | 47,949 | ||
428 | ManpowerGroup, Inc. | 42,329 | ||
618 | Robert Half International, Inc. | 48,247 | ||
1,108 | Science Applications International Corp. | 92,618 | ||
352,188 | ||||
Road & Rail – 0.8% | ||||
923 | Knight-Swift Transportation Holdings, Inc. | 44,387 | ||
287 | Landstar System, Inc. | 47,372 | ||
985 | Werner Enterprises, Inc. | 46,463 | ||
138,222 | ||||
Semiconductors & Semiconductor Equipment – 4.8% | ||||
6,957 | Amkor Technology, Inc. | 164,951 | ||
1,546 | Brooks Automation, Inc. | 126,231 | ||
693 | CMC Materials, Inc. | 122,515 | ||
1,092 | Entegris, Inc. | 122,086 | ||
257 | MKS Instruments, Inc. | 47,653 | ||
1,282 | Power Integrations, Inc. | 104,457 | ||
457 | Universal Display Corp. | 108,204 | ||
796,097 | ||||
Software – 2.0% | ||||
1,823 | Blackbaud, Inc. (a) | 129,579 | ||
2,024 | CDK Global, Inc. | 109,417 | ||
787 | Pegasystems, Inc. | 89,986 | ||
328,982 | ||||
Specialty Retail – 3.1% | ||||
799 | Dick’s Sporting Goods, Inc. | 60,844 | ||
1,110 | Foot Locker, Inc. | 62,438 | ||
2,225 | Gap (The), Inc. (a) | 66,260 | ||
1,207 | L Brands, Inc. (a) | 74,665 | ||
153 | Lithia Motors, Inc., Class A | 59,684 | ||
343 | Murphy USA, Inc. | 49,584 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Specialty Retail (Continued) | ||||
756 | Penske Automotive Group, Inc. | $60,661 | ||
441 | Williams-Sonoma, Inc. | 79,027 | ||
513,163 | ||||
Technology Hardware, Storage & Peripherals – 1.4% | ||||
1,584 | NetApp, Inc. | 115,109 | ||
4,524 | Xerox Holdings Corp. | 109,798 | ||
224,907 | ||||
Textiles, Apparel & Luxury Goods – 1.9% | ||||
477 | Carter’s, Inc. (a) | 42,420 | ||
514 | Columbia Sportswear Co. | 54,294 | ||
3,079 | Hanesbrands, Inc. | 60,564 | ||
478 | PVH Corp. (a) | 50,524 | ||
433 | Ralph Lauren Corp. (a) | 53,328 | ||
1,444 | Tapestry, Inc. (a) | 59,507 | ||
320,637 | ||||
Thrifts & Mortgage Finance – 0.9% | ||||
644 | Essent Group Ltd. | 30,584 | ||
2,217 | MGIC Investment Corp. | 30,705 | ||
2,638 | New York Community Bancorp, Inc. | 33,292 | ||
424 | PennyMac Financial Services, Inc. | 28,353 | ||
1,374 | Radian Group, Inc. | 31,945 | ||
154,879 | ||||
Trading Companies & Distributors – 0.8% | ||||
869 | Air Lease Corp. | 42,581 | ||
458 | MSC Industrial Direct Co., Inc., Class A | 41,307 | ||
170 | Watsco, Inc. | 44,328 | ||
128,216 | ||||
Transportation Infrastructure – 0.2% | ||||
1,029 | Macquarie Infrastructure Corp. | 32,732 | ||
Water Utilities – 0.2% | ||||
350 | American States Water Co. | 26,467 | ||
Total Common Stocks | 15,188,873 | |||
(Cost $11,671,801) | ||||
REAL ESTATE INVESTMENT TRUSTS – 8.7% | ||||
Equity Real Estate Investment Trusts – 7.9% | ||||
389 | Agree Realty Corp. | 26,184 | ||
606 | American Campus Communities, Inc. | 26,161 |
Shares | Description | Value | ||
Equity Real Estate Investment Trusts (Continued) | ||||
865 | American Homes 4 Rent, Class A | $28,839 | ||
695 | Americold Realty Trust | 26,737 | ||
4,912 | Apartment Investment and Management Co., Class A | 30,160 | ||
1,567 | Brixmor Property Group, Inc. | 31,700 | ||
259 | Camden Property Trust | 28,467 | ||
207 | CoreSite Realty Corp. | 24,809 | ||
994 | Corporate Office Properties Trust | 26,172 | ||
774 | Cousins Properties, Inc. | 27,361 | ||
772 | CubeSmart | 29,205 | ||
354 | CyrusOne, Inc. | 23,973 | ||
889 | Douglas Emmett, Inc. | 27,915 | ||
188 | EastGroup Properties, Inc. | 26,937 | ||
304 | Federal Realty Investment Trust | 30,841 | ||
615 | First Industrial Realty Trust, Inc. | 28,161 | ||
611 | Gaming and Leisure Properties, Inc. | 25,925 | ||
876 | Healthcare Realty Trust, Inc. | 26,560 | ||
942 | Healthcare Trust of America, Inc., Class A | 25,980 | ||
654 | Highwoods Properties, Inc. | 28,083 | ||
1,773 | Host Hotels & Resorts, Inc. (a) | 29,875 | ||
1,080 | Hudson Pacific Properties, Inc. | 29,300 | ||
880 | Iron Mountain, Inc. | 32,569 | ||
829 | JBG SMITH Properties | 26,354 | ||
451 | Kilroy Realty Corp. | 29,599 | ||
1,728 | Kimco Realty Corp. | 32,400 | ||
311 | Lamar Advertising Co., Class A | 29,209 | ||
2,442 | Lexington Realty Trust | 27,131 | ||
326 | Life Storage, Inc. | 28,020 | ||
375 | National Health Investors, Inc. | 27,105 | ||
633 | National Retail Properties, Inc. | 27,896 | ||
714 | Omega Healthcare Investors, Inc. | 26,154 | ||
1,457 | Physicians Realty Trust | 25,745 | ||
518 | PotlatchDeltic Corp. | 27,412 | ||
195 | PS Business Parks, Inc. | 30,143 | ||
419 | QTS Realty Trust, Inc., Class A | 25,995 | ||
883 | Rayonier, Inc. | 28,477 | ||
568 | Regency Centers Corp. | 32,211 | ||
528 | Rexford Industrial Realty, Inc. | 26,611 | ||
1,493 | Sabra Health Care REIT, Inc. | 25,918 | ||
423 | SL Green Realty Corp. | 29,606 | ||
645 | Spirit Realty Capital, Inc. | 27,412 | ||
828 | STAG Industrial, Inc. | 27,829 | ||
763 | STORE Capital Corp. | 25,560 | ||
443 | Terreno Realty Corp. | 25,592 | ||
686 | VEREIT, Inc. | 26,493 | ||
694 | Vornado Realty Trust | 31,501 | ||
1,312,287 | ||||
Mortgage Real Estate Investment Trusts – 0.8% | ||||
1,784 | AGNC Investment Corp. | 29,900 |
Shares | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS (Continued) | ||||
Mortgage Real Estate Investment Trusts (Continued) | ||||
1,011 | Blackstone Mortgage Trust, Inc., Class A | $31,341 | ||
2,800 | New Residential Investment Corp. | 31,500 | ||
1,442 | Starwood Property Trust, Inc. | 35,675 | ||
128,416 | ||||
Total Real Estate Investment Trusts | 1,440,703 | |||
(Cost $1,273,998) | ||||
Total Investments – 99.9% | 16,629,576 | |||
(Cost $12,945,799) (b) | ||||
Net Other Assets and Liabilities – 0.1% | 17,903 | |||
Net Assets – 100.0% | $16,647,479 |
(a) | Non-income producing security. |
(b) | Aggregate cost for federal income tax purposes was $13,085,951. As of March 31, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $3,781,753 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $238,128. The net unrealized appreciation was $3,543,625. |
Total Value at 3/31/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 15,188,873 | $ 15,188,873 | $ — | $ — |
Real Estate Investment Trusts* | 1,440,703 | 1,440,703 | — | — |
Total Investments | $ 16,629,576 | $ 16,629,576 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 90.5% | ||||
Aerospace & Defense – 1.2% | ||||
348 | Cubic Corp. | $25,950 | ||
377 | Kaman Corp. | 19,336 | ||
559 | Maxar Technologies, Inc. | 21,142 | ||
272 | Moog, Inc., Class A | 22,617 | ||
552 | Spirit AeroSystems Holdings, Inc., Class A | 26,855 | ||
115,900 | ||||
Air Freight & Logistics – 0.3% | ||||
281 | Forward Air Corp. | 24,956 | ||
Airlines – 0.6% | ||||
122 | Allegiant Travel Co. (a) | 29,775 | ||
574 | SkyWest, Inc. (a) | 31,272 | ||
61,047 | ||||
Auto Components – 1.5% | ||||
571 | Cooper Tire & Rubber Co. | 31,964 | ||
1,184 | Dana, Inc. | 28,807 | ||
2,119 | Goodyear Tire & Rubber (The) Co. (a) | 37,231 | ||
315 | Patrick Industries, Inc. | 26,775 | ||
571 | Standard Motor Products, Inc. | 23,742 | ||
148,519 | ||||
Automobiles – 0.3% | ||||
386 | Winnebago Industries, Inc. | 29,610 | ||
Banks – 11.0% | ||||
351 | 1st Source Corp. | 16,701 | ||
372 | Ameris Bancorp | 19,534 | ||
830 | Associated Banc-Corp. | 17,712 | ||
430 | Atlantic Union Bankshares Corp. | 16,495 | ||
241 | BancFirst Corp. | 17,036 | ||
516 | BancorpSouth Bank | 16,760 | ||
185 | Bank of Hawaii Corp. | 16,556 | ||
407 | BankUnited, Inc. | 17,888 | ||
304 | Banner Corp. | 16,212 | ||
862 | Cadence BanCorp | 17,869 | ||
440 | Cathay General Bancorp | 17,943 | ||
204 | City Holding Co. | 16,683 | ||
394 | Columbia Banking System, Inc. | 16,977 | ||
726 | CVB Financial Corp. | 16,037 | ||
343 | Eagle Bancorp, Inc. | 18,251 | ||
408 | FB Financial Corp. | 18,140 | ||
1,536 | First BanCorp | 17,295 | ||
657 | First Busey Corp. | 16,852 | ||
808 | First Financial Bancorp | 19,392 | ||
600 | First Hawaiian, Inc. | 16,422 | ||
347 | First Interstate BancSystem, Inc., Class A | 15,976 | ||
378 | First Merchants Corp. | 17,577 | ||
889 | First Midwest Bancorp, Inc. | 19,478 | ||
1,490 | FNB Corp. | 18,923 | ||
1,113 | Fulton Financial Corp. | 18,954 | ||
416 | Hancock Whitney Corp. | 17,476 |
Shares | Description | Value | ||
Banks (Continued) | ||||
351 | Heartland Financial USA, Inc. | $17,641 | ||
515 | Hilltop Holdings, Inc. | 17,577 | ||
1,298 | Hope Bancorp, Inc. | 19,548 | ||
194 | Independent Bank Corp. | 16,333 | ||
226 | Independent Bank Group, Inc. | 16,326 | ||
378 | International Bancshares Corp. | 17,547 | ||
1,341 | Investors Bancorp, Inc. | 19,699 | ||
264 | Lakeland Financial Corp. | 18,266 | ||
432 | National Bank Holdings Corp., Class A | 17,142 | ||
441 | NBT Bancorp, Inc. | 17,596 | ||
760 | OceanFirst Financial Corp. | 18,194 | ||
855 | Old National Bancorp | 16,536 | ||
452 | Pacific Premier Bancorp, Inc. | 19,635 | ||
557 | PacWest Bancorp | 21,250 | ||
135 | Park National Corp. | 17,455 | ||
420 | Renasant Corp. | 17,380 | ||
570 | S&T Bancorp, Inc. | 19,095 | ||
440 | Sandy Spring Bancorp, Inc. | 19,109 | ||
351 | ServisFirst Bancshares, Inc. | 21,527 | ||
656 | Simmons First National Corp., Class A | 19,463 | ||
456 | Southside Bancshares, Inc. | 17,561 | ||
788 | Sterling Bancorp | 18,140 | ||
350 | Stock Yards Bancorp, Inc. | 17,871 | ||
201 | Tompkins Financial Corp. | 16,623 | ||
603 | Towne Bank | 18,331 | ||
401 | TriCo Bancshares | 18,995 | ||
518 | Trustmark Corp. | 17,436 | ||
205 | UMB Financial Corp. | 18,928 | ||
935 | Umpqua Holdings Corp. | 16,409 | ||
498 | United Community Banks, Inc. | 16,992 | ||
552 | Veritex Holdings, Inc. | 18,061 | ||
336 | Webster Financial Corp. | 18,517 | ||
473 | WesBanco, Inc. | 17,056 | ||
256 | Westamerica BanCorp | 16,072 | ||
232 | Wintrust Financial Corp. | 17,586 | ||
1,087,036 | ||||
Beverages – 0.2% | ||||
56 | Coca-Cola Consolidated, Inc. | 16,172 | ||
Building Products – 0.6% | ||||
193 | CSW Industrials, Inc. | 26,055 | ||
1,058 | Griffon Corp. | 28,746 | ||
54,801 | ||||
Capital Markets – 1.4% | ||||
283 | Artisan Partners Asset Management, Inc., Class A | 14,764 | ||
3,540 | BGC Partners, Inc., Class A | 17,098 | ||
734 | Brightsphere Investment Group, Inc. | 14,959 | ||
129 | Evercore, Inc., Class A | 16,994 | ||
181 | Hamilton Lane, Inc., Class A | 16,029 | ||
303 | Moelis & Co., Class A | 16,629 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Capital Markets (Continued) | ||||
143 | Piper Sandler Cos. | $15,680 | ||
188 | PJT Partners, Inc., Class A | 12,718 | ||
65 | Virtus Investment Partners, Inc. | 15,308 | ||
140,179 | ||||
Chemicals – 2.4% | ||||
490 | Avient Corp. | 23,162 | ||
439 | Cabot Corp. | 23,021 | ||
213 | Chase Corp. | 24,791 | ||
416 | HB Fuller Co. | 26,171 | ||
217 | Innospec, Inc. | 22,284 | ||
317 | Minerals Technologies, Inc. | 23,876 | ||
803 | Olin Corp. | 30,490 | ||
267 | Sensient Technologies Corp. | 20,826 | ||
165 | Stepan Co. | 20,973 | ||
385 | Trinseo S.A. | 24,513 | ||
240,107 | ||||
Commercial Services & Supplies – 3.7% | ||||
570 | ABM Industries, Inc. | 29,076 | ||
408 | Brady Corp., Class A | 21,808 | ||
299 | Brink’s (The) Co. | 23,690 | ||
1,243 | Covanta Holding Corp. | 17,228 | ||
738 | Deluxe Corp. | 30,966 | ||
4,397 | Healthcare Services Group, Inc. | 123,248 | ||
684 | Herman Miller, Inc. | 28,146 | ||
671 | HNI Corp. | 26,545 | ||
1,242 | KAR Auction Services, Inc. (a) | 18,630 | ||
1,706 | Steelcase, Inc., Class A | 24,549 | ||
449 | U.S. Ecology, Inc. (a) | 18,696 | ||
362,582 | ||||
Communications Equipment – 0.4% | ||||
1,101 | Plantronics, Inc. (a) | 42,840 | ||
Construction & Engineering – 1.3% | ||||
588 | Arcosa, Inc. | 38,273 | ||
409 | Comfort Systems USA, Inc. | 30,581 | ||
1,350 | Fluor Corp. (a) | 31,171 | ||
807 | Granite Construction, Inc. | 32,482 | ||
132,507 | ||||
Consumer Finance – 0.7% | ||||
202 | FirstCash, Inc. | 13,265 | ||
1,442 | Navient Corp. | 20,635 | ||
199 | Nelnet, Inc., Class A | 14,475 | ||
1,143 | SLM Corp. | 20,540 | ||
68,915 | ||||
Containers & Packaging – 0.5% | ||||
460 | Greif, Inc., Class A | 26,220 |
Shares | Description | Value | ||
Containers & Packaging (Continued) | ||||
1,812 | O-I Glass, Inc. (a) | $26,709 | ||
52,929 | ||||
Distributors – 0.2% | ||||
507 | Core-Mark Holding Co., Inc. | 19,616 | ||
Diversified Consumer Services – 0.2% | ||||
43 | Graham Holdings Co., Class B | 24,185 | ||
Diversified Telecommunication Services – 0.4% | ||||
712 | ATN International, Inc. | 34,973 | ||
Electric Utilities – 0.4% | ||||
233 | MGE Energy, Inc. | 16,634 | ||
506 | Otter Tail Corp. | 23,362 | ||
39,996 | ||||
Electrical Equipment – 0.7% | ||||
454 | AZZ, Inc. | 22,859 | ||
356 | Encore Wire Corp. | 23,898 | ||
1,850 | GrafTech International Ltd. | 22,626 | ||
69,383 | ||||
Electronic Equipment, Instruments & Components – 2.4% | ||||
229 | Badger Meter, Inc. | 21,313 | ||
515 | Belden, Inc. | 22,851 | ||
2,280 | Methode Electronics, Inc. | 95,714 | ||
4,215 | Vishay Intertechnology, Inc. | 101,497 | ||
241,375 | ||||
Energy Equipment & Services – 1.5% | ||||
3,727 | Archrock, Inc. | 35,369 | ||
1,238 | Cactus, Inc., Class A | 37,908 | ||
1,218 | Core Laboratories N.V. | 35,066 | ||
1,394 | Helmerich & Payne, Inc. | 37,582 | ||
145,925 | ||||
Entertainment – 0.8% | ||||
1,328 | Cinemark Holdings, Inc. (a) | 27,105 | ||
609 | Warner Music Group Corp., Class A | 20,907 | ||
481 | World Wrestling Entertainment, Inc., Class A | 26,099 | ||
74,111 | ||||
Food & Staples Retailing – 0.4% | ||||
254 | PriceSmart, Inc. | 24,574 | ||
311 | Weis Markets, Inc. | 17,578 | ||
42,152 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Food Products – 1.0% | ||||
537 | B&G Foods, Inc. (b) | $16,679 | ||
214 | Calavo Growers, Inc. | 16,615 | ||
618 | Fresh Del Monte Produce, Inc. | 17,694 | ||
96 | J&J Snack Foods Corp. | 15,075 | ||
113 | Sanderson Farms, Inc. | 17,603 | ||
516 | Tootsie Roll Industries, Inc. | 17,095 | ||
100,761 | ||||
Gas Utilities – 0.5% | ||||
151 | Chesapeake Utilities Corp. | 17,528 | ||
355 | Northwest Natural Holding Co. | 19,152 | ||
757 | South Jersey Industries, Inc. | 17,093 | ||
53,773 | ||||
Health Care Equipment & Supplies – 4.2% | ||||
192 | Atrion Corp. | 123,132 | ||
1,567 | Cantel Medical Corp. (a) | 125,109 | ||
1,103 | CONMED Corp. | 144,041 | ||
75 | Mesa Laboratories, Inc. | 18,262 | ||
410,544 | ||||
Health Care Providers & Services – 9.8% | ||||
1,694 | Ensign Group (The), Inc. | 158,965 | ||
1,861 | National HealthCare Corp. | 144,991 | ||
2,890 | National Research Corp. | 135,339 | ||
4,568 | Owens & Minor, Inc. | 171,711 | ||
4,170 | Patterson Cos., Inc. | 133,231 | ||
3,520 | Premier, Inc., Class A | 119,152 | ||
1,028 | U.S. Physical Therapy, Inc. | 107,015 | ||
970,404 | ||||
Health Care Technology – 0.8% | ||||
1,214 | Simulations Plus, Inc. | 76,773 | ||
Hotels, Restaurants & Leisure – 2.2% | ||||
1,190 | Bloomin’ Brands, Inc. (a) | 32,189 | ||
409 | Brinker International, Inc. (a) | 29,064 | ||
624 | Cheesecake Factory (The), Inc. (a) | 36,510 | ||
311 | Hyatt Hotels Corp., Class A (a) | 25,720 | ||
249 | Jack in the Box, Inc. | 27,335 | ||
678 | Six Flags Entertainment Corp. (a) | 31,507 | ||
515 | Travel + Leisure Co. | 31,497 | ||
213,822 | ||||
Household Durables – 0.2% | ||||
580 | La-Z-Boy, Inc. | 24,638 | ||
Household Products – 0.2% | ||||
188 | Spectrum Brands Holdings, Inc. | 15,980 |
Shares | Description | Value | ||
Insurance – 2.3% | ||||
512 | American Equity Investment Life Holding Co. | $16,143 | ||
147 | American National Group, Inc. | 15,857 | ||
247 | AMERISAFE, Inc. | 15,808 | ||
324 | Argo Group International Holdings Ltd. | 16,304 | ||
450 | Assured Guaranty Ltd. | 19,026 | ||
637 | CNO Financial Group, Inc. | 15,473 | ||
440 | Employers Holdings, Inc. | 18,946 | ||
270 | FBL Financial Group, Inc., Class A | 15,098 | ||
337 | Horace Mann Educators Corp. | 14,562 | ||
288 | James River Group Holdings Ltd. | 13,139 | ||
271 | Mercury General Corp. | 16,480 | ||
796 | ProAssurance Corp. | 21,301 | ||
182 | Safety Insurance Group, Inc. | 15,333 | ||
293 | Stewart Information Services Corp. | 15,245 | ||
228,715 | ||||
Internet & Direct Marketing Retail – 1.1% | ||||
1,217 | Shutterstock, Inc. | 108,362 | ||
IT Services – 4.1% | ||||
291 | Alliance Data Systems Corp. | 32,618 | ||
1,937 | CSG Systems International, Inc. | 86,952 | ||
548 | EVERTEC, Inc. | 20,397 | ||
3,379 | NIC, Inc. | 114,649 | ||
1,923 | Sabre Corp. (a) | 28,480 | ||
5,332 | Switch, Inc., Class A | 86,698 | ||
296 | TTEC Holdings, Inc. | 29,733 | ||
399,527 | ||||
Leisure Products – 0.7% | ||||
963 | Callaway Golf Co. | 25,760 | ||
1,302 | Smith & Wesson Brands, Inc. | 22,720 | ||
355 | Sturm Ruger & Co., Inc. | 23,455 | ||
71,935 | ||||
Life Sciences Tools & Services – 1.7% | ||||
5,344 | Luminex Corp. | 170,474 | ||
Machinery – 6.0% | ||||
156 | Alamo Group, Inc. | 24,359 | ||
294 | Albany International Corp., Class A | 24,540 | ||
389 | Altra Industrial Motion Corp. | 21,520 | ||
372 | Astec Industries, Inc. | 28,056 | ||
425 | Barnes Group, Inc. | 21,055 | ||
504 | Douglas Dynamics, Inc. | 23,260 | ||
954 | Enerpac Tool Group Corp. | 24,919 | ||
285 | EnPro Industries, Inc. | 24,302 | ||
209 | ESCO Technologies, Inc. | 22,758 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Machinery (Continued) | ||||
650 | Federal Signal Corp. | $24,895 | ||
312 | Franklin Electric Co., Inc. | 24,629 | ||
664 | Gorman-Rupp (The) Co. | 21,985 | ||
593 | Greenbrier (The) Cos., Inc. | 28,001 | ||
405 | Helios Technologies, Inc. | 29,512 | ||
542 | Hillenbrand, Inc. | 25,859 | ||
153 | Kadant, Inc. | 28,307 | ||
595 | Kennametal, Inc. | 23,782 | ||
168 | Lindsay Corp. | 27,992 | ||
562 | Mueller Industries, Inc. | 23,239 | ||
1,741 | Mueller Water Products, Inc., Class A | 24,183 | ||
307 | Tennant Co. | 24,526 | ||
618 | Terex Corp. | 28,471 | ||
817 | Trinity Industries, Inc. | 23,276 | ||
177 | Watts Water Technologies, Inc., Class A | 21,029 | ||
594,455 | ||||
Marine – 0.3% | ||||
378 | Matson, Inc. | 25,213 | ||
Media – 1.1% | ||||
1,512 | EW Scripps (The) Co., Class A | 29,136 | ||
506 | John Wiley & Sons, Inc., Class A | 27,425 | ||
726 | Sinclair Broadcast Group, Inc., Class A | 21,243 | ||
1,657 | TEGNA, Inc. | 31,201 | ||
109,005 | ||||
Metals & Mining – 2.3% | ||||
677 | Carpenter Technology Corp. | 27,859 | ||
1,354 | Cleveland-Cliffs, Inc. | 27,229 | ||
960 | Commercial Metals Co. | 29,606 | ||
319 | Compass Minerals International, Inc. | 20,008 | ||
199 | Kaiser Aluminum Corp. | 21,989 | ||
309 | Materion Corp. | 20,468 | ||
1,176 | United States Steel Corp. | 30,776 | ||
1,514 | Warrior Met Coal, Inc. | 25,935 | ||
384 | Worthington Industries, Inc. | 25,763 | ||
229,633 | ||||
Multiline Retail – 1.3% | ||||
539 | Big Lots, Inc. | 36,814 | ||
759 | Franchise Group, Inc. | 27,407 | ||
2,055 | Macy’s, Inc. (a) | 33,270 | ||
741 | Nordstrom, Inc. (a) | 28,062 | ||
125,553 | ||||
Multi-Utilities – 0.2% | ||||
406 | Avista Corp. | 19,386 |
Shares | Description | Value | ||
Oil, Gas & Consumable Fuels – 3.4% | ||||
861 | Cimarex Energy Co. | $51,135 | ||
2,166 | CVR Energy, Inc. | 41,544 | ||
2,009 | Delek US Holdings, Inc. | 43,756 | ||
2,668 | Murphy Oil Corp. | 43,782 | ||
2,248 | Ovintiv, Inc. | 53,547 | ||
4,546 | PBF Energy, Inc., Class A (a) | 64,326 | ||
1,036 | World Fuel Services Corp. | 36,467 | ||
334,557 | ||||
Paper & Forest Products – 0.5% | ||||
623 | Domtar Corp. | 23,020 | ||
490 | Schweitzer-Mauduit International, Inc. | 23,995 | ||
47,015 | ||||
Personal Products – 0.8% | ||||
430 | Edgewell Personal Care Co. | 17,028 | ||
382 | Inter Parfums, Inc. | 27,095 | ||
76 | Medifast, Inc. | 16,099 | ||
272 | Nu Skin Enterprises, Inc., Class A | 14,386 | ||
74,608 | ||||
Professional Services – 0.8% | ||||
290 | ICF International, Inc. | 25,346 | ||
496 | Korn Ferry | 30,935 | ||
242 | ManTech International Corp., Class A | 21,042 | ||
77,323 | ||||
Real Estate Management & Development – 0.3% | ||||
651 | Kennedy-Wilson Holdings, Inc. | 13,157 | ||
274 | St. Joe (The) Co. | 11,754 | ||
24,911 | ||||
Road & Rail – 1.0% | ||||
1,191 | Heartland Express, Inc. | 23,320 | ||
1,251 | Marten Transport Ltd. | 21,229 | ||
349 | Ryder System, Inc. | 26,402 | ||
1,042 | Schneider National, Inc., Class B | 26,019 | ||
96,970 | ||||
Software – 2.1% | ||||
490 | InterDigital, Inc. | 31,090 | ||
1,932 | Progress Software Corp. | 85,124 | ||
4,176 | Xperi Holding Corp. | 90,912 | ||
207,126 | ||||
Specialty Retail – 2.9% | ||||
1,152 | American Eagle Outfitters, Inc. | 33,685 | ||
1,302 | Bed Bath & Beyond, Inc. (a) | 37,953 | ||
792 | Buckle (The), Inc. | 31,110 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Specialty Retail (Continued) | ||||
887 | Camping World Holdings, Inc., Class A | $32,269 | ||
176 | Group 1 Automotive, Inc. | 27,771 | ||
434 | Monro, Inc. | 28,557 | ||
789 | ODP (The) Corp. (a) | 34,156 | ||
604 | Rent-A-Center, Inc. | 34,827 | ||
599 | Sonic Automotive, Inc., Class A | 29,692 | ||
290,020 | ||||
Textiles, Apparel & Luxury Goods – 1.1% | ||||
570 | Kontoor Brands, Inc. | 27,662 | ||
1,151 | Levi Strauss & Co., Class A | 27,521 | ||
655 | Steven Madden Ltd. | 24,405 | ||
740 | Wolverine World Wide, Inc. | 28,357 | ||
107,945 | ||||
Thrifts & Mortgage Finance – 1.1% | ||||
1,133 | Capitol Federal Financial, Inc. | 15,006 | ||
347 | Flagstar Bancorp, Inc. | 15,650 | ||
1,111 | Northwest Bancshares, Inc. | 16,054 | ||
788 | Provident Financial Services, Inc. | 17,557 | ||
154 | Walker & Dunlop, Inc. | 15,822 | ||
550 | Washington Federal, Inc. | 16,940 | ||
315 | WSFS Financial Corp. | 15,684 | ||
112,713 | ||||
Tobacco – 0.4% | ||||
306 | Universal Corp. | 18,051 | ||
1,277 | Vector Group Ltd. | 17,814 | ||
35,865 | ||||
Trading Companies & Distributors – 1.8% | ||||
276 | Applied Industrial Technologies, Inc. | 25,163 | ||
413 | Boise Cascade Co. | 24,710 | ||
259 | GATX Corp. | 24,020 | ||
321 | McGrath RentCorp | 25,889 | ||
558 | Rush Enterprises, Inc., Class A | 27,805 | ||
644 | Systemax, Inc. | 26,481 | ||
444 | Triton International Ltd. | 24,415 | ||
178,483 | ||||
Water Utilities – 0.5% | ||||
302 | California Water Service Group | 17,015 | ||
225 | Middlesex Water Co. | 17,779 | ||
235 | SJW Group | 14,803 | ||
49,597 | ||||
Wireless Telecommunication Services – 0.7% | ||||
688 | Shenandoah Telecommunications Co. | 33,581 |
Shares | Description | Value | ||
Wireless Telecommunication Services (Continued) | ||||
1,602 | Telephone & Data Systems, Inc. | $36,782 | ||
70,363 | ||||
Total Common Stocks | 8,926,265 | |||
(Cost $6,515,528) | ||||
REAL ESTATE INVESTMENT TRUSTS – 9.1% | ||||
Commercial Services & Supplies – 0.2% | ||||
1,778 | CoreCivic, Inc. | 16,091 | ||
Equity Real Estate Investment Trusts – 6.9% | ||||
821 | Acadia Realty Trust | 15,574 | ||
678 | Alexander & Baldwin, Inc. | 11,384 | ||
42 | Alexander’s, Inc. | 11,647 | ||
403 | American Assets Trust, Inc. | 13,073 | ||
1,567 | American Finance Trust, Inc. | 15,388 | ||
902 | Apple Hospitality REIT, Inc. | 13,142 | ||
978 | Brandywine Realty Trust | 12,626 | ||
525 | CareTrust REIT, Inc. | 12,225 | ||
165 | Centerspace | 11,220 | ||
2,421 | Colony Capital, Inc. (a) | 15,688 | ||
812 | Columbia Property Trust, Inc. | 13,885 | ||
247 | Community Healthcare Trust, Inc. | 11,392 | ||
2,826 | Diversified Healthcare Trust | 13,508 | ||
514 | Easterly Government Properties, Inc. | 10,655 | ||
1,249 | Empire State Realty Trust, Inc., Class A | 13,901 | ||
358 | EPR Properties | 16,679 | ||
549 | Essential Properties Realty Trust, Inc. | 12,534 | ||
391 | Four Corners Property Trust, Inc. | 10,713 | ||
1,314 | GEO Group (The), Inc. | 10,197 | ||
423 | Getty Realty Corp. | 11,979 | ||
679 | Global Net Lease, Inc. | 12,263 | ||
867 | Independence Realty Trust, Inc. | 13,178 | ||
500 | Industrial Logistics Properties Trust | 11,565 | ||
64 | Innovative Industrial Properties, Inc. | 11,530 | ||
953 | iStar, Inc. | 16,944 | ||
778 | Kite Realty Group Trust | 15,008 | ||
299 | LTC Properties, Inc. | 12,474 | ||
1,091 | Macerich (The) Co. | 12,765 | ||
935 | Mack-Cali Realty Corp. | 14,474 | ||
672 | Monmouth Real Estate Investment Corp. | 11,888 | ||
323 | National Storage Affiliates Trust | 12,897 | ||
275 | NexPoint Residential Trust, Inc. | 12,675 | ||
513 | Office Properties Income Trust | 14,118 | ||
595 | Outfront Media, Inc. (a) | 12,989 | ||
1,288 | Paramount Group, Inc. | 13,047 |
Shares | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS (Continued) | ||||
Equity Real Estate Investment Trusts (Continued) | ||||
679 | Park Hotels & Resorts, Inc. (a) | $14,653 | ||
619 | Pebblebrook Hotel Trust | 15,035 | ||
717 | Piedmont Office Realty Trust, Inc., Class A | 12,454 | ||
870 | Retail Opportunity Investments Corp. | 13,807 | ||
1,360 | Retail Properties of America, Inc., Class A | 14,253 | ||
823 | RLJ Lodging Trust | 12,740 | ||
172 | Ryman Hospitality Properties, Inc. (a) | 13,332 | ||
161 | Safehold, Inc. | 11,286 | ||
1,013 | Service Properties Trust | 12,014 | ||
1,151 | SITE Centers Corp. | 15,608 | ||
1,028 | Sunstone Hotel Investors, Inc. (a) | 12,809 | ||
993 | Uniti Group, Inc. | 10,953 | ||
181 | Universal Health Realty Income Trust | 12,268 | ||
900 | Urban Edge Properties | 14,868 | ||
538 | Washington Real Estate Investment Trust | 11,890 | ||
537 | Weingarten Realty Investors | 14,451 | ||
766 | Xenia Hotels & Resorts, Inc. (a) | 14,937 | ||
682,583 | ||||
Mortgage Real Estate Investment Trusts – 2.0% | ||||
1,268 | Apollo Commercial Real Estate Finance, Inc. | 17,714 | ||
999 | Arbor Realty Trust, Inc. | 15,884 | ||
1,388 | Broadmark Realty Capital, Inc. | 14,519 | ||
1,381 | Chimera Investment Corp. | 17,539 | ||
1,553 | Colony Credit Real Estate, Inc. | 13,232 | ||
184 | Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 10,322 | ||
790 | KKR Real Estate Finance Trust, Inc. | 14,528 | ||
1,448 | Ladder Capital Corp. | 17,086 | ||
3,640 | MFA Financial, Inc. | 14,815 | ||
3,837 | New York Mortgage Trust, Inc. | 17,151 | ||
805 | PennyMac Mortgage Investment Trust | 15,778 | ||
1,613 | Redwood Trust, Inc. | 16,791 | ||
2,223 | Two Harbors Investment Corp. | 16,295 | ||
201,654 | ||||
Total Real Estate Investment Trusts | 900,328 | |||
(Cost $708,827) |
Shares | Description | Value | ||
MONEY MARKET FUNDS – 0.1% | ||||
12,900 | Goldman Sachs Financial Square Treasury Obligations Fund - Institutional Class - 0.02% (c) (d) | $12,900 | ||
(Cost $12,900) | ||||
Total Investments – 99.7% | 9,839,493 | |||
(Cost $7,237,255) (e) | ||||
Net Other Assets and Liabilities – 0.3% | 24,879 | |||
Net Assets – 100.0% | $9,864,372 |
(a) | Non-income producing security. |
(b) | All or a portion of this security is on loan (see Note 2E - Securities Lending in the Notes to Financial Statements). The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $12,424 and the total value of the collateral held by the Fund is $12,900. |
(c) | Rate shown reflects yield as of March 31, 2021. |
(d) | This security serves as collateral for securities on loan. |
(e) | Aggregate cost for federal income tax purposes was $7,336,148. As of March 31, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $2,642,891 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $139,546. The net unrealized appreciation was $2,503,345. |
Total Value at 3/31/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 8,926,265 | $ 8,926,265 | $ — | $ — |
Real Estate Investment Trusts* | 900,328 | 900,328 | — | — |
Money Market Funds | 12,900 | 12,900 | — | — |
Total Investments | $ 9,839,493 | $ 9,839,493 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
Security Lending Agency Agreement | |
Total gross amount presented on the Statements of Assets and Liabilities (1) | $12,424 |
Non-cash Collateral (2) | (12,424) |
Net Amount | $— |
(1) | The amount presented on the Statements of Assets and Liabilities, which is included in “Investments, at value,” is not offset and is shown on a gross basis. |
(2) | At March 31, 2021, the value of the collateral received from each borrower exceeded the value of the related securities loaned. This amount is disclosed on the Portfolio of Investments. |
Shares | Description | Value | ||
COMMON STOCKS – 96.5% | ||||
Aerospace & Defense – 2.6% | ||||
353 | General Dynamics Corp. | $64,091 | ||
91 | L3Harris Technologies, Inc. | 18,444 | ||
141 | Lockheed Martin Corp. | 52,099 | ||
110 | Northrop Grumman Corp. | 35,600 | ||
658 | Raytheon Technologies Corp. | 50,844 | ||
221,078 | ||||
Air Freight & Logistics – 1.0% | ||||
419 | CH Robinson Worldwide, Inc. | 39,985 | ||
258 | United Parcel Service, Inc., Class B | 43,858 | ||
83,843 | ||||
Automobiles – 1.0% | ||||
7,143 | Ford Motor Co. (a) | 87,502 | ||
Banks – 3.7% | ||||
463 | Bank of America Corp. | 17,913 | ||
316 | Citigroup, Inc. | 22,989 | ||
720 | Citizens Financial Group, Inc. | 31,788 | ||
839 | Fifth Third Bancorp | 31,420 | ||
131 | JPMorgan Chase & Co. | 19,942 | ||
1,622 | KeyCorp | 32,408 | ||
160 | M&T Bank Corp. | 24,258 | ||
122 | PNC Financial Services Group (The), Inc. | 21,400 | ||
1,409 | Regions Financial Corp. | 29,110 | ||
462 | Truist Financial Corp. | 26,944 | ||
457 | US Bancorp | 25,277 | ||
791 | Wells Fargo & Co. | 30,904 | ||
314,353 | ||||
Beverages – 0.5% | ||||
305 | Coca-Cola (The) Co. | 16,077 | ||
328 | Keurig Dr. Pepper, Inc. | 11,273 | ||
102 | PepsiCo, Inc. | 14,428 | ||
41,778 | ||||
Biotechnology – 4.3% | ||||
1,190 | AbbVie, Inc. | 128,782 | ||
350 | Amgen, Inc. | 87,083 | ||
2,320 | Gilead Sciences, Inc. | 149,942 | ||
365,807 | ||||
Building Products – 0.6% | ||||
869 | Johnson Controls International PLC | 51,853 | ||
Capital Markets – 2.6% | ||||
64 | Ameriprise Financial, Inc. | 14,877 | ||
569 | Apollo Global Management, Inc. | 26,749 | ||
407 | Bank of New York Mellon (The) Corp. | 19,247 | ||
16 | BlackRock, Inc. | 12,063 | ||
268 | Blackstone Group (The), Inc., Class A | 19,974 |
Shares | Description | Value | ||
Capital Markets (Continued) | ||||
60 | CME Group, Inc. | $12,254 | ||
1,031 | Franklin Resources, Inc. | 30,518 | ||
42 | Goldman Sachs Group (The), Inc. | 13,734 | ||
176 | Morgan Stanley | 13,668 | ||
190 | Northern Trust Corp. | 19,971 | ||
231 | State Street Corp. | 19,406 | ||
92 | T Rowe Price Group, Inc. | 15,787 | ||
218,248 | ||||
Chemicals – 1.5% | ||||
19 | Air Products & Chemicals, Inc. | 5,345 | ||
40 | Celanese Corp. | 5,992 | ||
248 | Dow, Inc. | 15,857 | ||
430 | DuPont de Nemours, Inc. | 33,230 | ||
73 | Eastman Chemical Co. | 8,039 | ||
37 | FMC Corp. | 4,093 | ||
70 | International Flavors & Fragrances, Inc. | 9,773 | ||
137 | LyondellBasell Industries N.V., Class A | 14,255 | ||
321 | RPM International, Inc. | 29,484 | ||
126,068 | ||||
Commercial Services & Supplies – 0.1% | ||||
42 | Republic Services, Inc. | 4,172 | ||
36 | Waste Management, Inc. | 4,645 | ||
8,817 | ||||
Communications Equipment – 0.6% | ||||
686 | Cisco Systems, Inc. | 35,473 | ||
87 | Motorola Solutions, Inc. | 16,360 | ||
51,833 | ||||
Consumer Finance – 0.8% | ||||
127 | Discover Financial Services | 12,064 | ||
1,323 | Synchrony Financial | 53,793 | ||
65,857 | ||||
Containers & Packaging – 0.1% | ||||
227 | International Paper Co. | 12,274 | ||
Distributors – 1.6% | ||||
1,153 | Genuine Parts Co. | 133,275 | ||
Diversified Telecommunication Services – 2.9% | ||||
2,412 | AT&T, Inc. | 73,012 | ||
10,089 | Lumen Technologies, Inc. | 134,688 | ||
688 | Verizon Communications, Inc. | 40,007 | ||
247,707 | ||||
Electric Utilities – 1.4% | ||||
133 | Alliant Energy Corp. | 7,203 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Electric Utilities (Continued) | ||||
95 | American Electric Power Co., Inc. | $8,047 | ||
106 | Duke Energy Corp. | 10,232 | ||
152 | Edison International | 8,907 | ||
87 | Entergy Corp. | 8,654 | ||
155 | Evergy, Inc. | 9,227 | ||
71 | Eversource Energy | 6,148 | ||
200 | Exelon Corp. | 8,748 | ||
389 | FirstEnergy Corp. | 13,494 | ||
55 | NextEra Energy, Inc. | 4,159 | ||
487 | PPL Corp. | 14,045 | ||
157 | Southern (The) Co. | 9,759 | ||
90 | Xcel Energy, Inc. | 5,986 | ||
114,609 | ||||
Electrical Equipment – 1.6% | ||||
366 | Eaton Corp. PLC | 50,611 | ||
562 | Emerson Electric Co. | 50,704 | ||
119 | Rockwell Automation, Inc. | 31,587 | ||
132,902 | ||||
Electronic Equipment, Instruments & Components – 3.2% | ||||
3,942 | Corning, Inc. | 171,516 | ||
753 | TE Connectivity Ltd. | 97,220 | ||
268,736 | ||||
Energy Equipment & Services – 0.2% | ||||
326 | Baker Hughes Co. | 7,045 | ||
174 | Halliburton Co. | 3,734 | ||
362 | Schlumberger N.V. | 9,843 | ||
20,622 | ||||
Food & Staples Retailing – 0.8% | ||||
377 | Kroger (The) Co. | 13,568 | ||
182 | Sysco Corp. | 14,331 | ||
650 | Walgreens Boots Alliance, Inc. | 35,685 | ||
63,584 | ||||
Food Products – 2.3% | ||||
317 | Archer-Daniels-Midland Co. | 18,069 | ||
335 | Campbell Soup Co. | 16,841 | ||
388 | Conagra Brands, Inc. | 14,589 | ||
320 | General Mills, Inc. | 19,622 | ||
76 | Hershey (The) Co. | 12,020 | ||
239 | Hormel Foods Corp. | 11,419 | ||
149 | JM Smucker (The) Co. | 18,853 | ||
329 | Kellogg Co. | 20,826 | ||
745 | Kraft Heinz (The) Co. | 29,800 | ||
197 | Mondelez International, Inc., Class A | 11,530 |
Shares | Description | Value | ||
Food Products (Continued) | ||||
229 | Tyson Foods, Inc., Class A | $17,015 | ||
190,584 | ||||
Gas Utilities – 0.1% | ||||
60 | Atmos Energy Corp. | 5,931 | ||
Health Care Equipment & Supplies – 0.7% | ||||
481 | Medtronic PLC | 56,821 | ||
Health Care Providers & Services – 2.5% | ||||
99 | AmerisourceBergen Corp. | 11,689 | ||
1,957 | Cardinal Health, Inc. | 118,888 | ||
239 | CVS Health Corp. | 17,980 | ||
451 | Quest Diagnostics, Inc. | 57,881 | ||
206,438 | ||||
Hotels, Restaurants & Leisure – 2.5% | ||||
403 | McDonald’s Corp. | 90,328 | ||
540 | Starbucks Corp. | 59,006 | ||
587 | Yum! Brands, Inc. | 63,502 | ||
212,836 | ||||
Household Durables – 2.4% | ||||
617 | Garmin Ltd. | 81,351 | ||
548 | Whirlpool Corp. | 120,752 | ||
202,103 | ||||
Household Products – 0.6% | ||||
59 | Clorox (The) Co. | 11,380 | ||
134 | Colgate-Palmolive Co. | 10,563 | ||
131 | Kimberly-Clark Corp. | 18,215 | ||
90 | Procter & Gamble (The) Co. | 12,189 | ||
52,347 | ||||
Independent Power & Renewable Electricity Producers – 0.1% | ||||
242 | AES (The) Corp. | 6,488 | ||
Industrial Conglomerates – 1.2% | ||||
349 | 3M Co. | 67,246 | ||
145 | Honeywell International, Inc. | 31,475 | ||
98,721 | ||||
Insurance – 2.8% | ||||
335 | Aflac, Inc. | 17,145 | ||
105 | Allstate (The) Corp. | 12,064 | ||
527 | American International Group, Inc. | 24,353 | ||
77 | Chubb Ltd. | 12,164 | ||
185 | Cincinnati Financial Corp. | 19,072 | ||
319 | Hartford Financial Services Group (The), Inc. | 21,306 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Insurance (Continued) | ||||
79 | Marsh & McLennan Cos., Inc. | $9,622 | ||
487 | MetLife, Inc. | 29,605 | ||
538 | Principal Financial Group, Inc. | 32,258 | ||
426 | Prudential Financial, Inc. | 38,809 | ||
101 | Travelers (The) Cos., Inc. | 15,190 | ||
231,588 | ||||
IT Services – 5.8% | ||||
214 | Automatic Data Processing, Inc. | 40,333 | ||
2,385 | International Business Machines Corp. | 317,825 | ||
517 | Paychex, Inc. | 50,676 | ||
3,387 | Western Union (The) Co. | 83,523 | ||
492,357 | ||||
Leisure Products – 1.3% | ||||
1,144 | Hasbro, Inc. | 109,961 | ||
Machinery – 2.4% | ||||
225 | Caterpillar, Inc. | 52,171 | ||
186 | Cummins, Inc. | 48,195 | ||
224 | Dover Corp. | 30,717 | ||
193 | Illinois Tool Works, Inc. | 42,753 | ||
158 | Stanley Black & Decker, Inc. | 31,548 | ||
205,384 | ||||
Media – 4.6% | ||||
314 | Comcast Corp., Class A | 16,990 | ||
1,996 | Fox Corp., Class A | 72,076 | ||
2,459 | Omnicom Group, Inc. | 182,335 | ||
2,544 | ViacomCBS, Inc., Class B | 114,734 | ||
386,135 | ||||
Metals & Mining – 0.2% | ||||
79 | Newmont Corp. | 4,762 | ||
156 | Nucor Corp. | 12,522 | ||
17,284 | ||||
Multiline Retail – 0.7% | ||||
316 | Target Corp. | 62,590 | ||
Multi-Utilities – 0.9% | ||||
76 | Ameren Corp. | 6,183 | ||
368 | CenterPoint Energy, Inc. | 8,335 | ||
102 | CMS Energy Corp. | 6,245 | ||
137 | Consolidated Edison, Inc. | 10,248 | ||
142 | Dominion Energy, Inc. | 10,786 | ||
65 | DTE Energy Co. | 8,654 | ||
134 | Public Service Enterprise Group, Inc. | 8,068 | ||
60 | Sempra Energy | 7,955 | ||
70 | WEC Energy Group, Inc. | 6,551 | ||
73,025 |
Shares | Description | Value | ||
Oil, Gas & Consumable Fuels – 2.2% | ||||
143 | Chevron Corp. | $14,985 | ||
209 | ConocoPhillips | 11,071 | ||
112 | EOG Resources, Inc. | 8,124 | ||
404 | Exxon Mobil Corp. | 22,555 | ||
71 | Hess Corp. | 5,024 | ||
1,096 | Kinder Morgan, Inc. | 18,249 | ||
268 | Marathon Petroleum Corp. | 14,335 | ||
540 | Occidental Petroleum Corp. | 14,375 | ||
502 | ONEOK, Inc. | 25,431 | ||
145 | Phillips 66 | 11,823 | ||
33 | Pioneer Natural Resources Co. | 5,241 | ||
241 | Valero Energy Corp. | 17,256 | ||
786 | Williams (The) Cos., Inc. | 18,620 | ||
187,089 | ||||
Pharmaceuticals – 5.2% | ||||
1,723 | Bristol-Myers Squibb Co. | 108,773 | ||
301 | Eli Lilly & Co. | 56,233 | ||
465 | Johnson & Johnson | 76,423 | ||
1,073 | Merck & Co., Inc. | 82,717 | ||
3,078 | Pfizer, Inc. | 111,516 | ||
435,662 | ||||
Road & Rail – 0.8% | ||||
121 | Norfolk Southern Corp. | 32,491 | ||
162 | Union Pacific Corp. | 35,706 | ||
68,197 | ||||
Semiconductors & Semiconductor Equipment – 8.6% | ||||
660 | Analog Devices, Inc. | 102,353 | ||
404 | Broadcom, Inc. | 187,319 | ||
3,088 | Intel Corp. | 197,632 | ||
643 | QUALCOMM, Inc. | 85,255 | ||
802 | Texas Instruments, Inc. | 151,570 | ||
724,129 | ||||
Software – 1.7% | ||||
6,723 | NortonLifeLock, Inc. | 142,931 | ||
Specialty Retail – 2.2% | ||||
813 | Best Buy Co., Inc. | 93,341 | ||
313 | Home Depot (The), Inc. | 95,543 | ||
188,884 | ||||
Technology Hardware, Storage & Peripherals – 11.4% | ||||
19,846 | Hewlett Packard Enterprise Co. | 312,376 | ||
6,936 | HP, Inc. | 220,218 | ||
3,937 | Seagate Technology PLC | 302,165 | ||
1,892 | Western Digital Corp. | 126,291 | ||
961,050 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Textiles, Apparel & Luxury Goods – 0.9% | ||||
973 | VF Corp. | $77,762 | ||
Tobacco – 1.1% | ||||
1,129 | Altria Group, Inc. | 57,759 | ||
386 | Philip Morris International, Inc. | 34,254 | ||
92,013 | ||||
Trading Companies & Distributors – 0.1% | ||||
115 | Fastenal Co. | 5,782 | ||
Water Utilities – 0.1% | ||||
101 | Essential Utilities, Inc. | 4,520 | ||
Total Common Stocks | 8,129,358 | |||
(Cost $6,999,871) | ||||
REAL ESTATE INVESTMENT TRUSTS – 3.3% | ||||
Equity Real Estate Investment Trusts – 2.5% | ||||
28 | Alexandria Real Estate Equities, Inc. | 4,600 | ||
19 | American Tower Corp. | 4,542 | ||
51 | AvalonBay Communities, Inc. | 9,410 | ||
91 | Boston Properties, Inc. | 9,215 | ||
40 | Crown Castle International Corp. | 6,885 | ||
48 | Digital Realty Trust, Inc. | 6,760 | ||
125 | Duke Realty Corp. | 5,241 | ||
71 | Equity LifeStyle Properties, Inc. | 4,519 | ||
107 | Equity Residential | 7,664 | ||
31 | Essex Property Trust, Inc. | 8,427 | ||
55 | Extra Space Storage, Inc. | 7,290 | ||
337 | Healthpeak Properties, Inc. | 10,696 | ||
142 | Invitation Homes, Inc. | 4,543 | ||
473 | Medical Properties Trust, Inc. | 10,066 | ||
52 | Mid-America Apartment Communities, Inc. | 7,507 | ||
48 | Prologis, Inc. | 5,088 | ||
31 | Public Storage | 7,650 | ||
150 | Realty Income Corp. | 9,525 | ||
171 | Simon Property Group, Inc. | 19,455 | ||
28 | Sun Communities, Inc. | 4,201 | ||
200 | UDR, Inc. | 8,772 | ||
185 | Ventas, Inc. | 9,868 | ||
401 | VICI Properties, Inc. | 11,324 | ||
134 | Welltower, Inc. | 9,598 | ||
95 | Weyerhaeuser Co. | 3,382 | ||
174 | WP Carey, Inc. | 12,312 | ||
208,540 |
Shares | Description | Value | ||
Mortgage Real Estate Investment Trusts – 0.8% | ||||
7,513 | Annaly Capital Management, Inc. | $64,612 | ||
Total Real Estate Investment Trusts | 273,152 | |||
(Cost $242,429) | ||||
Total Investments – 99.8% | 8,402,510 | |||
(Cost $7,242,300) (b) | ||||
Net Other Assets and Liabilities – 0.2% | 19,412 | |||
Net Assets – 100.0% | $8,421,922 |
(a) | Non-income producing security. |
(b) | Aggregate cost for federal income tax purposes was $7,334,919. As of March 31, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $1,142,481 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $74,890. The net unrealized appreciation was $1,067,591. |
Total Value at 3/31/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 8,129,358 | $ 8,129,358 | $ — | $ — |
Real Estate Investment Trusts* | 273,152 | 273,152 | — | — |
Total Investments | $ 8,402,510 | $ 8,402,510 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
Developed International Equity Select ETF (RNDM) | Emerging Markets Equity Select ETF (RNEM) | Large Cap US Equity Select ETF (RNLC) | |||
ASSETS: | |||||
Investments, at value | $ 23,783,884 | $ 7,406,474 | $ 25,623,876 | ||
Cash | 605 | 14,614 | 46,823 | ||
Foreign currency | 11,766 | 871 | — | ||
Receivables: | |||||
Dividends | 90,151 | 8,530 | 28,667 | ||
Dividend reclaims | 52,222 | 630 | 2,285 | ||
Securities lending income | — | — | — | ||
Total Assets | 23,938,628 | 7,431,119 | 25,701,651 | ||
LIABILITIES: | |||||
Payables: | |||||
Collateral for securities on loan | — | — | — | ||
Investment advisory fees | 13,117 | 4,644 | 12,225 | ||
Deferred foreign capital gains tax | — | 45,502 | — | ||
Total Liabilities | 13,117 | 50,146 | 12,225 | ||
NET ASSETS | $23,925,511 | $7,380,973 | $25,689,426 | ||
NET ASSETS consist of: | |||||
Paid-in capital | $ 24,316,193 | $ 8,308,782 | $ 21,496,180 | ||
Par value | 4,500 | 1,500 | 8,500 | ||
Accumulated distributable earnings (loss) | (395,182) | (929,309) | 4,184,746 | ||
NET ASSETS | $23,925,511 | $7,380,973 | $25,689,426 | ||
NET ASSET VALUE, per share | $53.17 | $49.21 | $30.22 | ||
Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per share) | 450,002 | 150,002 | 850,002 | ||
Investments, at cost | $20,346,099 | $6,702,380 | $19,730,944 | ||
Foreign currency, at cost (proceeds) | $11,776 | $869 | $— | ||
Securities on loan, at value | $— | $— | $— |
Mid Cap US Equity Select ETF (RNMC) | Small Cap US Equity Select ETF (RNSC) | US Equity Dividend Select ETF (RNDV) | ||
$ 16,629,576 | $ 9,839,493 | $ 8,402,510 | ||
6,028 | 31,211 | 2,932 | ||
— | — | — | ||
20,012 | 11,605 | 18,172 | ||
212 | — | 1,388 | ||
— | 14 | — | ||
16,655,828 | 9,882,323 | 8,425,002 | ||
— | 12,900 | — | ||
8,349 | 5,051 | 3,080 | ||
— | — | — | ||
8,349 | 17,951 | 3,080 | ||
$ 16,647,479 | $ 9,864,372 | $ 8,421,922 | ||
$ 14,989,731 | $ 8,548,912 | $ 8,382,375 | ||
6,000 | 3,500 | 3,000 | ||
1,651,748 | 1,311,960 | 36,547 | ||
$ 16,647,479 | $ 9,864,372 | $ 8,421,922 | ||
$27.75 | $28.18 | $28.07 | ||
600,002 | 350,002 | 300,002 | ||
$12,945,799 | $7,237,255 | $7,242,300 | ||
$— | $— | $— | ||
$— | $12,424 | $— |
Developed International Equity Select ETF (RNDM) | Emerging Markets Equity Select ETF (RNEM) | Large Cap US Equity Select ETF (RNLC) | ||||
INVESTMENT INCOME: | ||||||
Dividends | $ 672,555 | $ 324,260 | $ 406,605 | |||
Interest | 5 | 3 | 3 | |||
Securities lending income (net of fees) | — | — | — | |||
Foreign withholding tax | (60,062) | (42,227) | (471) | |||
Other | 225 | 2 | 152 | |||
Total investment income | 612,723 | 282,038 | 406,289 | |||
EXPENSES: | ||||||
Investment advisory fees | 158,609 | 57,274 | 121,380 | |||
Total expenses | 158,609 | 57,274 | 121,380 | |||
NET INVESTMENT INCOME (LOSS) | 454,114 | 224,764 | 284,909 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS): | ||||||
Net realized gain (loss) on: | ||||||
Investments | (2,697,496) | (1,119,678) | (743,320) | |||
In-kind redemptions | 825,963 | (116,025) | 1,101,047 | |||
Foreign currency transactions | (6,025) | (8,401) | — | |||
Net realized gain (loss) | (1,877,558) | (1,244,104) | 357,727 | |||
Net change in unrealized appreciation (depreciation) on: | ||||||
Investments | 8,862,555 | 3,191,770 | 8,858,970 | |||
Foreign currency translation | 1,759 | 1,928 | — | |||
Deferred foreign capital gains tax | — | (60,784) | — | |||
Net change in unrealized appreciation (depreciation) | 8,864,314 | 3,132,914 | 8,858,970 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS) | 6,986,756 | 1,888,810 | 9,216,697 | |||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ 7,440,870 | $ 2,113,574 | $ 9,501,606 |
Mid Cap US Equity Select ETF (RNMC) | Small Cap US Equity Select ETF (RNSC) | US Equity Dividend Select ETF (RNDV) | |||
$288,801 | $158,949 | $159,805 | |||
3 | 2 | 1 | |||
— | 1,491 | — | |||
(85) | (184) | (116) | |||
388 | 70 | 29 | |||
289,107 | 160,328 | 159,719 | |||
84,353 | 48,904 | 25,358 | |||
84,353 | 48,904 | 25,358 | |||
204,754 | 111,424 | 134,361 | |||
(1,469,749) | (689,882) | (758,534) | |||
949,178 | 1,032,348 | 565,160 | |||
— | — | — | |||
(520,571) | 342,466 | (193,374) | |||
8,295,213 | 4,869,821 | 2,623,813 | |||
— | — | — | |||
— | — | — | |||
8,295,213 | 4,869,821 | 2,623,813 | |||
7,774,642 | 5,212,287 | 2,430,439 | |||
$7,979,396 | $5,323,711 | $2,564,800 |
Developed International Equity Select ETF (RNDM) | Emerging Markets Equity Select ETF (RNEM) | Large Cap US Equity Select ETF (RNLC) | |||||||||
Year Ended 3/31/2021 | Year Ended 3/31/2020 | Year Ended 3/31/2021 | Year Ended 3/31/2020 | Year Ended 3/31/2021 | Year Ended 3/31/2020 | ||||||
OPERATIONS: | |||||||||||
Net investment income (loss) | $ 454,114 | $ 614,272 | $ 224,764 | $ 309,934 | $ 284,909 | $ 380,269 | |||||
Net realized gain (loss) | (1,877,558) | (195,142) | (1,244,104) | (118,203) | 357,727 | 470,344 | |||||
Net change in unrealized appreciation (depreciation) | 8,864,314 | (5,194,846) | 3,132,914 | (2,639,603) | 8,858,970 | (2,954,371) | |||||
Net increase (decrease) in net assets resulting from operations | 7,440,870 | (4,775,716) | 2,113,574 | (2,447,872) | 9,501,606 | (2,103,758) | |||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||||||
Investment operations | (290,666) | (927,263) | (258,857) | (283,043) | (298,901) | (379,301) | |||||
SHAREHOLDER TRANSACTIONS: | |||||||||||
Proceeds from shares sold | — | 7,423,621 | — | — | 4,276,066 | 4,664,459 | |||||
Cost of shares redeemed | (7,153,907) | (2,518,760) | (2,034,284) | (2,432,034) | (2,870,281) | (5,900,108) | |||||
Net increase (decrease) in net assets resulting from shareholder transactions | (7,153,907) | 4,904,861 | (2,034,284) | (2,432,034) | 1,405,785 | (1,235,649) | |||||
Total increase (decrease) in net assets | (3,703) | (798,118) | (179,567) | (5,162,949) | 10,608,490 | (3,718,708) | |||||
NET ASSETS: | |||||||||||
Beginning of period | 23,929,214 | 24,727,332 | 7,560,540 | 12,723,489 | 15,080,936 | 18,799,644 | |||||
End of period | $23,925,511 | $23,929,214 | $7,380,973 | $7,560,540 | $25,689,426 | $15,080,936 | |||||
CHANGES IN SHARES OUTSTANDING: | |||||||||||
Shares outstanding, beginning of period | 600,002 | 500,002 | 200,002 | 250,002 | 800,002 | 850,002 | |||||
Shares sold | — | 150,000 | — | — | 150,000 | 200,000 | |||||
Shares redeemed | (150,000) | (50,000) | (50,000) | (50,000) | (100,000) | (250,000) | |||||
Shares outstanding, end of period | 450,002 | 600,002 | 150,002 | 200,002 | 850,002 | 800,002 |
Mid Cap US Equity Select ETF (RNMC) | Small Cap US Equity Select ETF (RNSC) | US Equity Dividend Select ETF (RNDV) | ||||||||
Year Ended 3/31/2021 | Year Ended 3/31/2020 | Year Ended 3/31/2021 | Year Ended 3/31/2020 | Year Ended 3/31/2021 | Year Ended 3/31/2020 | |||||
$ 204,754 | $ 238,414 | $ 111,424 | $ 131,270 | $ 134,361 | $ 170,409 | |||||
(520,571) | 262,595 | 342,466 | (100,240) | (193,374) | 421,479 | |||||
8,295,213 | (4,362,572) | 4,869,821 | (2,038,025) | 2,623,813 | (1,404,189) | |||||
7,979,396 | (3,861,563) | 5,323,711 | (2,006,995) | 2,564,800 | (812,301) | |||||
(207,871) | (241,031) | (123,600) | (117,951) | (143,336) | (166,681) | |||||
1,284,312 | 7,868,227 | 1,305,929 | 3,982,062 | 4,998,646 | 3,527,883 | |||||
(3,504,213) | (6,522,599) | (2,587,996) | (1,121,211) | (3,372,720) | (3,607,897) | |||||
(2,219,901) | 1,345,628 | (1,282,067) | 2,860,851 | 1,625,926 | (80,014) | |||||
5,551,624 | (2,756,966) | 3,918,044 | 735,905 | 4,047,390 | (1,058,996) | |||||
11,095,855 | 13,852,821 | 5,946,328 | 5,210,423 | 4,374,532 | 5,433,528 | |||||
$16,647,479 | $11,095,855 | $9,864,372 | �� | $5,946,328 | $8,421,922 | $4,374,532 | ||||
700,002 | 650,002 | 400,002 | 250,002 | 250,002 | 250,002 | |||||
50,000 | 350,000 | 50,000 | 200,000 | 200,000 | 150,000 | |||||
(150,000) | (300,000) | (100,000) | (50,000) | (150,000) | (150,000) | |||||
600,002 | 700,002 | 350,002 | 400,002 | 300,002 | 250,002 |
Year Ended | Period Ended 3/31/2018 (a) | ||||||
3/31/2021 | 3/31/2020 | 3/31/2019 | |||||
Net asset value, beginning of period | $ 39.88 | $ 49.45 | $ 51.38 | $ 49.73 | |||
Income from investment operations: | |||||||
Net investment income (loss) | 0.90 | 1.11 | 1.07 | 0.62 | |||
Net realized and unrealized gain (loss) | 13.01 | (9.02) | (1.90) | 1.48 | |||
Total from investment operations | 13.91 | (7.91) | (0.83) | 2.10 | |||
Distributions paid to shareholders from: | |||||||
Net investment income | (0.62) | (1.66) | (1.10) | (0.45) | |||
Net asset value, end of period | $53.17 | $39.88 | $49.45 | $51.38 | |||
Total return (b) | 34.93% | (16.64)% | (1.71)% | 4.23% | |||
Ratios to average net assets/supplemental data: | |||||||
Net assets, end of period (in 000’s) | $ 23,926 | $ 23,929 | $ 24,727 | $ 12,846 | |||
Ratio of total expenses to average net assets | 0.65% | 0.65% | 0.65% | 0.66% (c) (d) | |||
Ratio of net investment income (loss) to average net assets | 1.86% | 2.24% | 2.32% | 1.74% (c) | |||
Portfolio turnover rate (e) | 89% | 62% | 52% | 21% |
(a) | Inception date is June 20, 2017, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Includes excise tax. If this excise tax was not included, the expense ratio would have been 0.65%. |
(e) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended | Period Ended 3/31/2018 (a) | ||||||
3/31/2021 | 3/31/2020 | 3/31/2019 | |||||
Net asset value, beginning of period | $ 37.80 | $ 50.89 | $ 54.94 | $ 49.71 | |||
Income from investment operations: | |||||||
Net investment income (loss) | 1.15 | 1.50 | 1.10 | 0.70 | |||
Net realized and unrealized gain (loss) | 11.64 | (13.22) | (3.62) | 5.78 | |||
Total from investment operations | 12.79 | (11.72) | (2.52) | 6.48 | |||
Distributions paid to shareholders from: | |||||||
Net investment income | (1.38) | (1.37) | (1.19) | (0.67) | |||
Net realized gain | — | — | (0.34) | (0.58) | |||
Total distributions | (1.38) | (1.37) | (1.53) | (1.25) | |||
Net asset value, end of period | $49.21 | $37.80 | $50.89 | $54.94 | |||
Total return (b) | 34.44% | (23.66)% | (4.48)% | 13.15% | |||
Ratios to average net assets/supplemental data: | |||||||
Net assets, end of period (in 000’s) | $ 7,381 | $ 7,561 | $ 12,723 | $ 5,494 | |||
Ratio of total expenses to average net assets | 0.75% | 0.75% | 0.75% | 0.75% (c) | |||
Ratio of net investment income (loss) to average net assets | 2.94% | 2.83% | 2.04% | 1.75% (c) | |||
Portfolio turnover rate (d) | 75% | 82% | 69% | 111% |
(a) | Inception date is June 20, 2017, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended | Period Ended 3/31/2018 (a) | ||||||
3/31/2021 | 3/31/2020 | 3/31/2019 | |||||
Net asset value, beginning of period | $ 18.85 | $ 22.12 | $ 21.54 | $ 19.83 | |||
Income from investment operations: | |||||||
Net investment income (loss) | 0.34 | 0.46 | 0.38 | 0.21 | |||
Net realized and unrealized gain (loss) | 11.39 | (3.27) | 0.56 | 1.68 | |||
Total from investment operations | 11.73 | (2.81) | 0.94 | 1.89 | |||
Distributions paid to shareholders from: | |||||||
Net investment income | (0.36) | (0.46) | (0.36) | (0.18) | |||
Net asset value, end of period | $30.22 | $18.85 | $22.12 | $21.54 | |||
Total return (b) | 62.65% | (12.98)% | 4.45% | 9.54% | |||
Ratios to average net assets/supplemental data: | |||||||
Net assets, end of period (in 000’s) | $ 25,689 | $ 15,081 | $ 18,800 | $ 21,536 | |||
Ratio of total expenses to average net assets | 0.60% | 0.60% | 0.60% | 0.60% (c) | |||
Ratio of net investment income (loss) to average net assets | 1.41% | 2.03% | 1.72% | 1.71% (c) | |||
Portfolio turnover rate (d) | 34% | 24% | 28% | 11% |
(a) | Inception date is June 20, 2017, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended | Period Ended 3/31/2018 (a) | ||||||
3/31/2021 | 3/31/2020 | 3/31/2019 | |||||
Net asset value, beginning of period | $ 15.85 | $ 21.31 | $ 21.18 | $ 19.78 | |||
Income from investment operations: | |||||||
Net investment income (loss) | 0.33 | 0.39 | 0.32 | 0.23 | |||
Net realized and unrealized gain (loss) | 11.90 | (5.45) | 0.12 | 1.36 | |||
Total from investment operations | 12.23 | (5.06) | 0.44 | 1.59 | |||
Distributions paid to shareholders from: | |||||||
Net investment income | (0.33) | (0.40) | (0.31) | (0.19) | |||
Net asset value, end of period | $27.75 | $15.85 | $21.31 | $21.18 | |||
Total return (b) | 77.60% | (24.23)% | 2.16% | 8.03% | |||
Ratios to average net assets/supplemental data: | |||||||
Net assets, end of period (in 000’s) | $ 16,647 | $ 11,096 | $ 13,853 | $ 6,355 | |||
Ratio of total expenses to average net assets | 0.60% | 0.60% | 0.60% | 0.60% (c) | |||
Ratio of net investment income (loss) to average net assets | 1.46% | 1.76% | 1.70% | 1.71% (c) | |||
Portfolio turnover rate (d) | 60% | 43% | 42% | 40% |
(a) | Inception date is June 20, 2017, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended | Period Ended 3/31/2018 (a) | ||||||
3/31/2021 | 3/31/2020 | 3/31/2019 | |||||
Net asset value, beginning of period | $ 14.87 | $ 20.84 | $ 20.88 | $ 19.73 | |||
Income from investment operations: | |||||||
Net investment income (loss) | 0.28 | 0.36 | 0.46 | 0.34 | |||
Net realized and unrealized gain (loss) | 13.34 | (5.98) | (0.09) | 1.10 | |||
Total from investment operations | 13.62 | (5.62) | 0.37 | 1.44 | |||
Distributions paid to shareholders from: | |||||||
Net investment income | (0.31) | (0.35) | (0.41) | (0.29) | |||
Net asset value, end of period | $28.18 | $14.87 | $20.84 | $20.88 | |||
Total return (b) | 92.49% | (27.51)% | 1.78% | 7.26% | |||
Ratios to average net assets/supplemental data: | |||||||
Net assets, end of period (in 000’s) | $ 9,864 | $ 5,946 | $ 5,210 | $ 4,175 | |||
Ratio of total expenses to average net assets | 0.60% | 0.60% | 0.60% | 0.60% (c) | |||
Ratio of net investment income (loss) to average net assets | 1.37% | 1.97% | 2.25% | 2.22% (c) | |||
Portfolio turnover rate (d) | 71% | 52% | 52% | 49% |
(a) | Inception date is June 20, 2017, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended | Period Ended 3/31/2018 (a) | ||||||
3/31/2021 | 3/31/2020 | 3/31/2019 | |||||
Net asset value, beginning of period | $ 17.50 | $ 21.73 | $ 21.09 | $ 19.85 | |||
Income from investment operations: | |||||||
Net investment income (loss) | 0.58 | 0.73 | 0.78 | 0.41 | |||
Net realized and unrealized gain (loss) | 10.61 | (4.24) | 0.58 | 1.18 | |||
Total from investment operations | 11.19 | (3.51) | 1.36 | 1.59 | |||
Distributions paid to shareholders from: | |||||||
Net investment income | (0.62) | (0.72) | (0.72) | (0.35) | |||
Net asset value, end of period | $28.07 | $17.50 | $21.73 | $21.09 | |||
Total return (b) | 64.82% | (16.81)% | 6.64% | 8.00% | |||
Ratios to average net assets/supplemental data: | |||||||
Net assets, end of period (in 000’s) | $ 8,422 | $ 4,375 | $ 5,434 | $ 12,654 | |||
Ratio of total expenses to average net assets | 0.50% | 0.50% | 0.50% | 0.50% (c) (d) | |||
Ratio of net investment income (loss) to average net assets | 2.65% | 3.23% | 2.98% | 3.32% (c) | |||
Portfolio turnover rate (e) | 89% | 78% | 98% | 37% |
(a) | Inception date is June 20, 2017, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Includes excise tax. |
(e) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Fund | Index |
Developed International Equity Select ETF Emerging Markets Equity Select ETF Large Cap US Equity Select ETF Mid Cap US Equity Select ETF Small Cap US Equity Select ETF US Equity Dividend Select ETF | Nasdaq Riskalyze Developed Markets Index Nasdaq Riskalyze Emerging Markets Index Nasdaq Riskalyze US Large Cap Index Nasdaq Riskalyze US Mid Cap Index Nasdaq Riskalyze US Small Cap Index Nasdaq Riskalyze US Large Cap Select Dividend Index |
1) | the type of security; |
2) | the size of the holding; |
3) | the initial cost of the security; |
4) | transactions in comparable securities; |
5) | price quotes from dealers and/or third-party pricing services; |
6) | relationships among various securities; |
7) | information obtained by contacting the issuer, analysts, or the appropriate stock exchange; |
8) | an analysis of the issuer’s financial statements; and |
9) | the existence of merger proposals or tender offers that might affect the value of the security. |
1) | the value of similar foreign securities traded on other foreign markets; |
2) | ADR trading of similar securities; |
3) | closed-end fund or exchange-traded fund trading of similar securities; |
4) | foreign currency exchange activity; |
5) | the trading prices of financial products that are tied to baskets of foreign securities; |
6) | factors relating to the event that precipitated the pricing problem; |
7) | whether the event is likely to recur; and |
8) | whether the effects of the event are isolated or whether they affect entire markets, countries or regions. |
• | Level 1 – Level 1 inputs are quoted prices in active markets for identical investments. An active market is a market in which transactions for the investment occur with sufficient frequency and volume to provide pricing information on an ongoing basis. |
• | Level 2 – Level 2 inputs are observable inputs, either directly or indirectly, and include the following: |
o | Quoted prices for similar investments in active markets. |
o | Quoted prices for identical or similar investments in markets that are non-active. A non-active market is a market where there are few transactions for the investment, the prices are not current, or price quotations vary substantially either over time or among market makers, or in which little information is released publicly. |
o | Inputs other than quoted prices that are observable for the investment (for example, interest rates and yield curves observable at commonly quoted intervals, volatilities, prepayment speeds, loss severities, credit risks, and default rates). |
o | Inputs that are derived principally from or corroborated by observable market data by correlation or other means. |
• | Level 3 – Level 3 inputs are unobservable inputs. Unobservable inputs may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment. |
Distributions paid from Ordinary Income | Distributions paid from Capital Gains | Distributions paid from Return of Capital | |||
Developed International Equity Select ETF | $ 290,666 | $ — | $ — | ||
Emerging Markets Equity Select ETF | 258,857 | — | — | ||
Large Cap US Equity Select ETF | 298,901 | — | — | ||
Mid Cap US Equity Select ETF | 207,871 | — | — | ||
Small Cap US Equity Select ETF | 123,600 | — | — | ||
US Equity Dividend Select ETF | 143,336 | — | — |
Distributions paid from Ordinary Income | Distributions paid from Capital Gains | Distributions paid from Return of Capital | |||
Developed International Equity Select ETF | $ 927,263 | $ — | $ — | ||
Emerging Markets Equity Select ETF | 283,043 | — | — | ||
Large Cap US Equity Select ETF | 379,301 | — | — | ||
Mid Cap US Equity Select ETF | 241,031 | — | — | ||
Small Cap US Equity Select ETF | 117,951 | — | — | ||
US Equity Dividend Select ETF | 166,681 | — | — |
Undistributed Ordinary Income | Accumulated Capital and Other Gain (Loss) | Net Unrealized Appreciation (Depreciation) | |||
Developed International Equity Select ETF | $ 138,265 | $ (3,852,474) | $ 3,319,027 | ||
Emerging Markets Equity Select ETF | 43,542 | (1,492,793) | 519,942 | ||
Large Cap US Equity Select ETF | 17,688 | (1,548,436) | 5,715,494 | ||
Mid Cap US Equity Select ETF | 15,622 | (1,907,499) | 3,543,625 | ||
Small Cap US Equity Select ETF | 3,389 | (1,194,774) | 2,503,345 | ||
US Equity Dividend Select ETF | 8,784 | (1,039,828) | 1,067,591 |
Non-Expiring Capital Loss Carryforward | |
Developed International Equity Select ETF | $ 3,852,474 |
Emerging Markets Equity Select ETF | 1,492,793 |
Large Cap US Equity Select ETF | 1,548,436 |
Mid Cap US Equity Select ETF | 1,907,499 |
Small Cap US Equity Select ETF | 1,194,774 |
US Equity Dividend Select ETF | 1,039,828 |
Accumulated Net Investment Income (Loss) | Accumulated Net Realized Gain (Loss) on Investments | Paid-in Capital | |||
Developed International Equity Select ETF | $ 36,359 | $ (817,280) | $ 780,921 | ||
Emerging Markets Equity Select ETF | (5,068) | 137,307 | (132,239) | ||
Large Cap US Equity Select ETF | — | (1,082,614) | 1,082,614 | ||
Mid Cap US Equity Select ETF | (78) | (904,229) | 904,307 | ||
Small Cap US Equity Select ETF | — | (1,024,151) | 1,024,151 | ||
US Equity Dividend Select ETF | — | (508,550) | 508,550 |
Rate | |
Developed International Equity Select ETF | 0.65% |
Emerging Markets Equity Select ETF | 0.75% |
Large Cap US Equity Select ETF | 0.60% |
Mid Cap US Equity Select ETF | 0.60% |
Small Cap US Equity Select ETF | 0.60% |
US Equity Dividend Select ETF | 0.50% |
Purchases | Sales | ||
Developed International Equity Select ETF | $ 21,256,464 | $ 21,434,144 | |
Emerging Markets Equity Select ETF | 5,602,044 | 6,672,283 | |
Large Cap US Equity Select ETF | 6,894,347 | 6,919,431 | |
Mid Cap US Equity Select ETF | 8,358,398 | 8,296,032 | |
Small Cap US Equity Select ETF | 5,499,150 | 5,504,755 | |
US Equity Dividend Select ETF | 4,554,914 | 4,543,832 | |
Purchases | Sales | ||
Developed International Equity Select ETF | $ — | $ 6,758,839 | |
Emerging Markets Equity Select ETF | — | 973,116 | |
Large Cap US Equity Select ETF | 4,256,392 | 2,858,149 | |
Mid Cap US Equity Select ETF | 1,279,094 | 3,486,878 | |
Small Cap US Equity Select ETF | 1,295,436 | 2,575,527 | |
US Equity Dividend Select ETF | 4,974,709 | 3,355,940 |
Dividends Received Deduction | |
Developed International Equity Select ETF | 0.00% |
Emerging Markets Equity Select ETF | 0.00% |
Large Cap US Equity Select ETF | 100.00% |
Mid Cap US Equity Select ETF | 100.00% |
Small Cap US Equity Select ETF | 100.00% |
US Equity Dividend Select ETF | 100.00% |
Qualified Dividend Income | |
Developed International Equity Select ETF | 100.00% |
Emerging Markets Equity Select ETF | 51.13% |
Large Cap US Equity Select ETF | 100.00% |
Mid Cap US Equity Select ETF | 100.00% |
Small Cap US Equity Select ETF | 100.00% |
US Equity Dividend Select ETF | 100.00% |
Gross Foreign Income | Foreign Taxes Paid | ||||||
Amount | Per Share | Amount | Per Share | ||||
Developed International Equity Select ETF | $ 672,491 | $ 1.49 | $ 58,520 | $ 0.13 | |||
Emerging Markets Equity Select ETF | 324,260 | 2.16 | 41,756 | 0.28 |
NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE |
Name, Year of Birth and Position with the Trust | Term of Office and Year First Elected or Appointed | Principal Occupations During Past 5 Years | Number of Portfolios in the First Trust Fund Complex Overseen by Trustee | Other Trusteeships or Directorships Held by Trustee During Past 5 Years |
INDEPENDENT TRUSTEES | ||||
Richard E. Erickson, Trustee (1951) | • Indefinite Term • Since Inception | Physician; Officer, Wheaton Orthopedics; Limited Partner, Gundersen Real Estate Limited Partnership (June 1992 to December 2016) | 199 | None |
Thomas R. Kadlec, Trustee (1957) | • Indefinite Term • Since Inception | President, ADM Investor Services, Inc. (Futures Commission Merchant) | 199 | Director of ADM Investor Services, Inc., ADM Investor Services International, Futures Industry Association, and National Futures Association |
Robert F. Keith, Trustee (1956) | • Indefinite Term • Since Inception | President, Hibs Enterprises (Financial and Management Consulting) | 199 | Director of Trust Company of Illinois |
Niel B. Nielson, Trustee (1954) | • Indefinite Term • Since Inception | Senior Advisor (August 2018 to Present), Managing Director and Chief Operating Officer (January 2015 to August 2018), Pelita Harapan Educational Foundation (Educational Products and Services) | 199 | None |
INTERESTED TRUSTEE | ||||
James A. Bowen(1), Trustee and Chairman of the Board (1955) | • Indefinite Term • Since Inception | Chief Executive Officer, First Trust Advisors L.P. and First Trust Portfolios L.P.; Chairman of the Board of Directors, BondWave LLC (Software Development Company) and Stonebridge Advisors LLC (Investment Advisor) | 199 | None |
(1) | Mr. Bowen is deemed an “interested person” of the Trust due to his position as CEO of First Trust Advisors L.P., investment advisor of the Trust. |
Name and Year of Birth | Position and Offices with Trust | Term of Office and Length of Service | Principal Occupations During Past 5 Years |
OFFICERS(2) | |||
James M. Dykas (1966) | President and Chief Executive Officer | • Indefinite Term • Since January 2016 | Managing Director and Chief Financial Officer (January 2016 to Present), First Trust Advisors L.P. and First Trust Portfolios L.P.; Chief Financial Officer (January 2016 to Present), BondWave LLC (Software Development Company) and Stonebridge Advisors LLC (Investment Advisor) |
Donald P. Swade (1972) | Treasurer, Chief Financial Officer and Chief Accounting Officer | • Indefinite Term • Since January 2016 | Senior Vice President (July 2016 to Present), Vice President (April 2012 to July 2016), First Trust Advisors L.P. and First Trust Portfolios L.P. |
W. Scott Jardine (1960) | Secretary and Chief Legal Officer | • Indefinite Term • Since Inception | General Counsel, First Trust Advisors L.P. and First Trust Portfolios L.P.; Secretary and General Counsel, BondWave LLC; Secretary, Stonebridge Advisors LLC |
Daniel J. Lindquist (1970) | Vice President | • Indefinite Term • Since Inception | Managing Director, First Trust Advisors L.P. and First Trust Portfolios L.P. |
Kristi A. Maher (1966) | Chief Compliance Officer and Assistant Secretary | • Indefinite Term • Since Inception | Deputy General Counsel, First Trust Advisors L.P. and First Trust Portfolios L.P. |
Roger F. Testin (1966) | Vice President | • Indefinite Term • Since Inception | Senior Vice President, First Trust Advisors L.P. and First Trust Portfolios L.P. |
Stan Ueland (1970) | Vice President | • Indefinite Term • Since Inception | Senior Vice President, First Trust Advisors L.P. and First Trust Portfolios L.P |
(2) | The term “officer” means the president, vice president, secretary, treasurer, controller or any other officer who performs a policy making function. |
• | Information we receive from you and your broker-dealer, investment professional or financial representative through interviews, applications, agreements or other forms; |
• | Information about your transactions with us, our affiliates or others; |
• | Information we receive from your inquiries by mail, e-mail or telephone; and |
• | Information we collect on our website through the use of “cookies”. For example, we may identify the pages on our website that your browser requests or visits. |
• | In order to provide you with products and services and to effect transactions that you request or authorize, we may disclose your personal information as described above to unaffiliated financial service providers and other companies that perform administrative or other services on our behalf, such as transfer agents, custodians and trustees, or that assist us in the distribution of investor materials such as trustees, banks, financial representatives, proxy services, solicitors and printers. |
• | We may release information we have about you if you direct us to do so, if we are compelled by law to do so, or in other legally limited circumstances (for example to protect your account from fraud). |
FUND ACCOUNTANT &
TRANSFER AGENT
PUBLIC ACCOUNTING FIRM
Item 2. Code of Ethics.
(a) | The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. |
(c) | There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description. |
(d) | The registrant, during the period covered by this report, has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions. |
(e) | Not applicable. |
(f) | A copy of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller is filed as an exhibit pursuant to Item 13(a)(1). |
Item 3. Audit Committee Financial Expert.
As of the end of the period covered by the report, the registrant’s Board of Trustees has determined that Thomas R. Kadlec and Robert F. Keith are qualified to serve as audit committee financial experts serving on its audit committee and that each of them is “independent,” as defined by Item 3 of Form N-CSR.
Item 4. Principal Accountant Fees and Services.
(a) | Audit Fees (Registrant) -- The aggregate fees billed for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements were $252,000 for the fiscal year ended March 31, 2020 and $252,000 for the fiscal year ended March 31, 2021. |
(b) | Audit-Related Fees (Registrant) -- The aggregate fees billed for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item were $0 for the fiscal year ended March 31, 2020 and $0 for the fiscal year ended March 31, 2021. |
Audit-Related Fees (Investment Adviser and Distributor) -- The aggregate fees billed for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item were $0 for the fiscal year ended March 31, 2020 and $0 for the fiscal year ended March 31, 2021.
(c) | Tax Fees (Registrant) -- The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning to the registrant were $5,793 for the fiscal year ended March 31, 2020 and $248,180 for the fiscal year ended March 31, 2021. These fees were for tax consultation and/or tax return preparation and professional services rendered for PFIC (Passive Foreign Investment Company) Identification Services. |
Tax Fees (Investment Adviser and Distributor) -- The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning to the registrant’s adviser and distributor were $0 for the fiscal year ended March 31, 2020 and $0 for the fiscal year ended March 31, 2021.
(d) | All Other Fees (Registrant) -- The aggregate fees billed for products and services provided by the principal accountant to the registrant, other than the services reported in paragraphs (a) through (c) of this Item were $0 for the fiscal year ended March 31, 2020 and $0 for the fiscal year ended March 31, 2021. |
All Other Fees (Investment Adviser and Distributor) -- The aggregate fees billed for products and services provided by the principal accountant to the registrant’s investment adviser and distributor, other than the services reported in paragraphs (a) through (c) of this Item were $0 for the fiscal year ended March 31, 2020 and $0 for the fiscal year ended March 31, 2021.
(e)(1) | Disclose the audit committee’s pre-approval policies and procedures described in paragraph (c) (7) of Rule 2-01 of Regulation S-X. |
Pursuant to its charter and its Audit and Non-Audit Services Pre-Approval Policy, the Audit Committee (the “Committee”) is responsible for the pre-approval of all audit services and permitted non-audit services (including the fees and terms thereof) to be performed for the registrant by its independent auditors. The Chairman of the Committee is authorized to give such pre-approvals on behalf of the Committee up to $25,000 and report any such pre-approval to the full Committee.
The Committee is also responsible for the pre-approval of the independent auditor’s engagements for non-audit services with the registrant’s adviser (not including a sub-adviser whose role is primarily portfolio management and is sub-contracted or overseen by another investment adviser) and any entity controlling, controlled by or under common control with the investment adviser that provides ongoing services to the registrant, if the engagement relates directly to the operations and financial reporting of the registrant, subject to the de minimis exceptions for non-audit services described in Rule 2-01 of Regulation S-X. If the independent auditor has provided non-audit services to the registrant’s adviser (other than any sub-adviser whose role is primarily portfolio management and is sub-contracted with or overseen by another investment adviser) and any entity controlling, controlled by or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to its policies, the Committee will consider whether the provision of such non-audit services is compatible with the auditor’s independence.
(e)(2) | The percentage of services described in each of paragraphs (b) through (d) for the registrant and the registrant’s investment adviser and distributor of this Item that were approved by the audit committee pursuant to the pre-approval exceptions included in paragraph (c)(7)(i)(C) or paragraph(C)(7)(ii) of Rule 2-01 of Regulation S-X are as follows: |
Registrant: Adviser and Distributor:
(b) 0% (b) 0%
(c) 0% (c) 0%
(d) 0% (d) 0%
(f) | The percentage of hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was less than fifty percent. |
(g) | The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for the fiscal year ended March 31, 2020, were $5,793 for the registrant, $60,670 for the registrant’s investment adviser, and $87,730 for the registrant’s distributor and for the fiscal year ended March 31, 2021, were $248,180 for the registrant, $23,200 for the registrant’s investment adviser, and $29,500 for the registrant’s distributor. |
(h) | The registrant’s audit committee of its Board of Trustees has determined that the provision of non-audit services that were rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence. |
Items 5. Audit Committee of Listed Registrants.
The registrant has a separately designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934. The audit committee of the registrant is comprised of: Richard E. Erickson, Thomas R. Kadlec, Robert F. Keith and Niel B. Nielson.
Item 6. Investments.
(a) | The Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form. |
(b) | Not applicable. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of directors, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407 (c) (2) (iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22 (b) (15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.
Item 11. Controls and Procedures.
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, regarding the effectiveness of the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR 270.30a-3(c))) as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Exchange Act (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13. Exhibits.
(a)(1) | Code of ethics, or any amendment thereto, that is the subject of disclosure required by Item 2 is attached hereto. |
(a)(2) | Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
(a)(3) | Not applicable. |
(a)(4) | Not applicable. |
(b) | Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes- Oxley Act of 2002 are attached hereto. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(registrant) | First Trust Exchange-Traded Fund VI |
By (Signature and Title)* | /s/ James M. Dykas | |
James M. Dykas, President and Chief Executive Officer (principal executive officer) |
Date: | June 4, 2021 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)* | /s/ James M. Dykas | |
James M. Dykas, President and Chief Executive Officer (principal executive officer) |
Date: | June 4, 2021 |
By (Signature and Title)* | /s/ Donald P. Swade | |
Donald P. Swade, Treasurer, Chief Financial Officer and Chief Accounting Officer (principal financial officer) |
Date: | June 4, 2021 |
* Print the name and title of each signing officer under his or her signature.