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: September 30
Date of reporting period: September 30, 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:
Book 1
First Trust NASDAQ Technology Dividend Index Fund (TDIV)
Multi-Asset Diversified Income Index Fund (MDIV)
First Trust S&P International Dividend Aristocrats ETF (FID)
First Trust BuyWrite Income ETF (FTHI)
First Trust Hedged BuyWrite Income ETF (FTLB)
First Trust Rising Dividend Achievers ETF (RDVY)
First Trust Dorsey Wright Focus 5 ETF (FV)
First Trust RBA American Industrial Renaissance® ETF (AIRR)
First Trust Dorsey Wright Momentum and Dividend ETF (DDIV)
First Trust Dorsey Wright International Focus 5 ETF (IFV)
First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC)
For the Year Ended
September 30, 2021
2 | |
3 | |
Fund Performance Overview | |
4 | |
6 | |
8 | |
11 | |
14 | |
17 | |
19 | |
21 | |
23 | |
25 | |
27 | |
29 | |
30 | |
Portfolio of Investments | |
32 | |
34 | |
39 | |
42 | |
49 | |
57 | |
59 | |
60 | |
62 | |
64 | |
65 | |
66 | |
68 | |
70 | |
76 | |
87 | |
102 | |
103 | |
111 | |
113 |
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1 Year Ended 9/30/21 | 5 Years Ended 9/30/21 | Inception (8/13/12) to 9/30/21 | 5 Years Ended 9/30/21 | Inception (8/13/12) to 9/30/21 | ||
Fund Performance | ||||||
NAV | 31.29% | 16.67% | 14.91% | 116.21% | 255.62% | |
Market Price | 31.35% | 16.67% | 14.90% | 116.17% | 255.53% | |
Index Performance | ||||||
Nasdaq Technology Dividend IndexTM | 32.13% | 17.43% | 15.66% | 123.30% | 277.40% | |
S&P 500® Index | 30.00% | 16.90% | 15.34% | 118.26% | 268.18% | |
S&P 500® Information Technology Index | 28.90% | 28.42% | 22.12% | 249.25% | 520.29% |
Sector Allocation | % of Total Investments |
Information Technology | 82.9% |
Communication Services | 16.4 |
Industrials | 0.7 |
Consumer Discretionary | 0.0* |
Health Care | 0.0* |
Total | 100.0% |
* | Amount is less than 0.1%. |
Top Ten Holdings | % of Total Investments |
International Business Machines Corp. | 8.3% |
Intel Corp. | 8.2 |
Broadcom, Inc. | 8.2 |
Microsoft Corp. | 7.8 |
Apple, Inc. | 7.8 |
Texas Instruments, Inc. | 4.2 |
Oracle Corp. | 4.1 |
QUALCOMM, Inc. | 3.7 |
Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 3.5 |
Analog Devices, Inc. | 2.9 |
Total | 58.7% |
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 9/30/21 | 5 Years Ended 9/30/21 | Inception (8/13/12) to 9/30/21 | 5 Years Ended 9/30/21 | Inception (8/13/12) to 9/30/21 | ||
Fund Performance | ||||||
NAV | 27.50% | 3.10% | 3.84% | 16.47% | 40.95% | |
Market Price | 27.68% | 3.10% | 3.84% | 16.49% | 41.04% | |
Index Performance | ||||||
Nasdaq US Multi-Asset Diversified Income IndexSM | 28.34% | 3.71% | 4.49% | 19.97% | 49.37% | |
S&P 500® Index | 30.00% | 16.90% | 15.34% | 118.26% | 268.18% | |
Dow Jones U.S. Select DividendTM Index* | 46.15% | 10.27% | 12.13% | 63.04% | 184.50% |
* | The Dow Jones U.S. Select DividendTM Index represents 100 of the United States’ leading stocks by dividend yield. |
Sector Allocation | % of Total Investments |
Financials | 24.8% |
Other* | 20.2 |
Energy | 19.7 |
Real Estate | 13.0 |
Utilities | 9.4 |
Consumer Staples | 5.9 |
Communication Services | 2.3 |
Health Care | 1.9 |
Industrials | 1.5 |
Information Technology | 0.9 |
Materials | 0.4 |
Total | 100.0% |
* | Exchange-traded fund with holdings representing multiple sectors. |
Top Ten Holdings | % of Total Investments |
First Trust Tactical High Yield ETF | 20.2% |
Annaly Capital Management, Inc. | 1.6 |
PennyMac Mortgage Investment Trust | 1.5 |
AGNC Investment Corp. | 1.5 |
USA Compression Partners, L.P. | 1.4 |
Chimera Investment Corp. | 1.3 |
KKR Real Estate Finance Trust, Inc. | 1.3 |
Shell Midstream Partners, L.P. | 1.2 |
Icahn Enterprises, L.P. | 1.1 |
KNOT Offshore Partners, L.P. | 1.1 |
Total | 32.2% |
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 9/30/21 | 5 Years Ended 9/30/21 | Inception (8/22/13) to 9/30/21 | 5 Years Ended 9/30/21 | Inception (8/22/13) to 9/30/21 | ||
Fund Performance | ||||||
NAV | 28.79% | 4.87% | 3.15% | 26.87% | 28.57% | |
Market Price | 28.30% | 4.98% | 3.12% | 27.49% | 28.27% | |
Index Performance | ||||||
S&P International Dividend Aristocrats Index(1) | 30.96% | N/A | N/A | N/A | N/A | |
Dow Jones EPAC Select DividendTM Index(2) | 28.78% | 6.15% | 3.99% | 34.75% | 37.33% | |
MSCI World ex USA Index | 26.50% | 8.88% | 6.14% | 52.99% | 62.11% |
(1) | On August 30, 2018, the Fund’s underlying index changed from the NASDAQ International Multi-Asset Diversified Income IndexSM to the S&P International Dividend Aristocrats Index (the “Index”). Therefore, the Fund’s performance and historical returns shown for the periods prior to August 30, 2018, are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. Since the Index had an inception date of April 30, 2018, it was not in existence for all of the periods disclosed. The old index was terminated on November 23, 2018, so performance data does not exist for these time periods. |
(2) | The Dow Jones EPAC Select DividendTM Index measures the performance of a selected group of companies, from non-U.S. developed markets (Europe, Pacific Asia, and Canada), that have provided relatively high dividend yields on a consistent basis over time. |
Sector Allocation | % of Total Investments |
Financials | 25.8% |
Utilities | 20.6 |
Real Estate | 12.2 |
Consumer Staples | 9.5 |
Communication Services | 9.4 |
Consumer Discretionary | 6.4 |
Energy | 5.2 |
Industrials | 4.2 |
Health Care | 3.0 |
Materials | 2.4 |
Information Technology | 1.3 |
Total | 100.0% |
Country Allocation | % of Total Investments |
Canada | 25.4% |
Japan | 18.0 |
Hong Kong | 14.8 |
United Kingdom | 11.3 |
Finland | 4.6 |
Switzerland | 4.5 |
Spain | 2.8 |
France | 2.6 |
United Arab Emirates | 2.4 |
Mexico | 1.9 |
Bermuda | 1.8 |
South Korea | 1.5 |
South Africa | 1.4 |
Australia | 1.3 |
Sweden | 1.3 |
Belgium | 1.2 |
Singapore | 1.1 |
Cayman Islands | 1.1 |
Germany | 1.0 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Enagas S.A. | 2.8% |
Japan Tobacco, Inc. | 2.2 |
Power Assets Holdings Ltd. | 2.2 |
Fortum Oyj | 2.0 |
Keyera Corp. | 2.0 |
Arca Continental S.A.B. de C.V. | 1.9 |
SmartCentres Real Estate Investment Trust | 1.9 |
Pembina Pipeline Corp. | 1.8 |
GlaxoSmithKline PLC | 1.8 |
CK Infrastructure Holdings Ltd. | 1.8 |
Total | 20.4% |
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.
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1 Year Ended 9/30/21 | 5 Years Ended 9/30/21 | Inception (1/6/14) to 9/30/21 | 5 Years Ended 9/30/21 | Inception (1/6/14) to 9/30/21 | ||
Fund Performance | ||||||
NAV | 17.31% | 5.40% | 5.57% | 30.06% | 52.08% | |
Market Price | 16.93% | 5.39% | 5.58% | 29.99% | 52.16% | |
Index Performance | ||||||
CBOE S&P 500 BuyWrite Monthly Index* | 21.10% | 6.95% | 6.47% | 39.93% | 62.36% | |
S&P 500® Index | 30.00% | 16.90% | 13.95% | 118.26% | 174.44% |
* | The CBOE S&P 500 BuyWrite Monthly Index is a benchmark index designed to track the performance of a hypothetical buy-write strategy on the S&P 500® Index. |
Sector Allocation | % of Total Investments |
Financials | 19.3% |
Health Care | 17.7 |
Information Technology | 14.3 |
Energy | 10.0 |
Consumer Discretionary | 9.8 |
Materials | 9.3 |
Communication Services | 9.2 |
Industrials | 5.6 |
Consumer Staples | 3.3 |
Real Estate | 0.8 |
Utilities | 0.7 |
Total | 100.0% |
Fund Allocation | % of Net Assets |
Common Stocks | 93.8% |
Real Estate Investment Trusts | 4.6 |
Master Limited Partnerships | 0.9 |
Call Options Written | (0.3) |
Net Other Assets and Liabilities | 1.0 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Apple, Inc. | 4.5% |
Microsoft Corp. | 4.1 |
Amazon.com, Inc. | 2.7 |
PNC Financial Services Group (The), Inc. | 2.7 |
General Electric Co. | 2.3 |
M&T Bank Corp. | 2.1 |
US Bancorp | 1.9 |
Lumen Technologies, Inc. | 1.8 |
Campbell Soup Co. | 1.6 |
Alphabet, Inc., Class A | 1.6 |
Total | 25.3% |
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 9/30/21 | 5 Years Ended 9/30/21 | Inception (1/6/14) to 9/30/21 | 5 Years Ended 9/30/21 | Inception (1/6/14) to 9/30/21 | ||
Fund Performance | ||||||
NAV | 13.66% | 3.89% | 4.03% | 21.03% | 35.75% | |
Market Price | 13.71% | 4.35% | 4.04% | 23.75% | 35.84% | |
Index Performance | ||||||
CBOE S&P 500 95-110 Collar IndexSM* | 18.81% | 15.10% | 10.52% | 102.03% | 116.72% | |
S&P 500® Index | 30.00% | 16.90% | 13.95% | 118.26% | 174.44% |
* | The CBOE S&P 500 95-110 Collar IndexSM is designed to protect an investment in S&P 500® stocks against market declines. The passive collar strategy reflected by the index entails: holding the stocks in the S&P 500® Index; buying three-month S&P 500® put options to protect this S&P 500® portfolio from market decreases; and selling one-month S&P 500® call options to help finance the cost of the put options. |
Sector Allocation | % of Total Investments |
Financials | 19.2% |
Health Care | 17.8 |
Information Technology | 14.3 |
Energy | 10.0 |
Consumer Discretionary | 9.8 |
Materials | 9.3 |
Communication Services | 9.2 |
Industrials | 5.6 |
Consumer Staples | 3.3 |
Real Estate | 0.8 |
Utilities | 0.7 |
Total | 100.0% |
Fund Allocation | % of Net Assets |
Common Stocks | 92.7% |
Real Estate Investment Trusts | 4.5 |
Put Options Purchased | 1.7 |
Master Limited Partnerships | 0.9 |
Call Options Written | (0.4) |
Put Options Written | (0.3) |
Net Other Assets and Liabilities | 0.9 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Apple, Inc. | 4.5% |
Microsoft Corp. | 4.1 |
Amazon.com, Inc. | 2.7 |
PNC Financial Services Group (The), Inc. | 2.7 |
General Electric Co. | 2.3 |
M&T Bank Corp. | 2.1 |
US Bancorp | 1.9 |
Lumen Technologies, Inc. | 1.7 |
Campbell Soup Co. | 1.6 |
Alphabet, Inc., Class A | 1.6 |
Total | 25.2% |
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 9/30/21 | 5 Years Ended 9/30/21 | Inception (1/6/14) to 9/30/21 | 5 Years Ended 9/30/21 | Inception (1/6/14) to 9/30/21 | ||
Fund Performance | ||||||
NAV | 47.21% | 18.28% | 13.87% | 131.52% | 173.04% | |
Market Price | 47.18% | 18.28% | 13.87% | 131.47% | 172.97% | |
Index Performance | ||||||
Nasdaq US Rising Dividend AchieversTM Index | 48.14% | 18.94% | 14.49% | 138.07% | 184.71% | |
Dow Jones U.S. Select DividendTM Index* | 46.15% | 10.27% | 10.75% | 63.04% | 120.20% |
* | The Dow Jones U.S. Select DividendTM Index represents 100 of the United States’ leading stocks by dividend yield. |
Sector Allocation | % of Total Investments |
Information Technology | 35.6% |
Financials | 32.7 |
Consumer Discretionary | 9.7 |
Materials | 6.0 |
Industrials | 6.0 |
Communication Services | 4.1 |
Health Care | 3.9 |
Consumer Staples | 2.0 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Fox Corp., Class A | 2.2% |
Popular, Inc. | 2.2 |
Bank of America Corp. | 2.1 |
JPMorgan Chase & Co. | 2.1 |
PNC Financial Services Group (The), Inc. | 2.1 |
American Express Co. | 2.1 |
Jefferies Financial Group, Inc. | 2.1 |
Mastercard, Inc., Class A | 2.1 |
Bank of New York Mellon (The) Corp. | 2.1 |
Hartford Financial Services Group (The), Inc. | 2.1 |
Total | 21.2% |
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 9/30/21 | 5 Years Ended 9/30/21 | Inception (3/5/14) to 9/30/21 | 5 Years Ended 9/30/21 | Inception (3/5/14) to 9/30/21 | ||
Fund Performance | ||||||
NAV | 34.31% | 15.33% | 11.95% | 104.08% | 135.09% | |
Market Price | 34.06% | 15.32% | 11.94% | 103.95% | 134.94% | |
Index Performance | ||||||
Dorsey Wright Focus FiveTM Index | 34.74% | 15.64% | 12.33% | 106.81% | 141.15% | |
S&P 500® Index | 30.00% | 16.90% | 13.82% | 118.26% | 166.58% |
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 9/30/21 | 5 Years Ended 9/30/21 | Inception (3/10/14) to 9/30/21 | 5 Years Ended 9/30/21 | Inception (3/10/14) to 9/30/21 | ||
Fund Performance | ||||||
NAV | 59.15% | 15.04% | 10.21% | 101.47% | 108.47% | |
Market Price | 59.30% | 15.06% | 10.22% | 101.67% | 108.67% | |
Index Performance | ||||||
Richard Bernstein Advisors American Industrial Renaissance® Index | 60.34% | 15.87% | 11.05% | 108.83% | 120.79% | |
S&P 500® Index | 30.00% | 16.90% | 13.82% | 118.26% | 166.02% | |
S&P 500® Industrials Index | 28.96% | 12.50% | 10.49% | 80.22% | 112.61% | |
Russell 2500® Index | 45.03% | 14.25% | 10.77% | 94.70% | 116.66% |
Sector Allocation | % of Total Investments |
Industrials | 86.3% |
Financials | 10.5 |
Materials | 3.2 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Encore Wire Corp. | 4.0% |
Quanta Services, Inc. | 3.7 |
Clean Harbors, Inc. | 3.3 |
MYR Group, Inc. | 3.2 |
RBC Bearings, Inc. | 3.2 |
Covanta Holding Corp. | 3.2 |
Wabash National Corp. | 3.2 |
TriMas Corp. | 3.2 |
Mueller Water Products, Inc., Class A | 3.0 |
Evoqua Water Technologies Corp. | 3.0 |
Total | 33.0% |
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 9/30/21 | 5 Years Ended 9/30/21 | Inception (3/10/14) to 9/30/21 | 5 Years Ended 9/30/21 | Inception (3/10/14) to 9/30/21 | ||
Fund Performance | ||||||
NAV | 51.29% | 10.08% | 8.89% | 61.66% | 90.40% | |
Market Price | 51.31% | 10.08% | 8.89% | 61.61% | 90.36% | |
Index Performance | ||||||
Dorsey Wright Momentum Plus Dividend Yield Index(1) | 52.47% | N/A | N/A | N/A | N/A | |
Dow Jones U.S. Select DividendTM Index(2) | 46.15% | 10.27% | 10.61% | 63.04% | 114.33% | |
S&P 500® Index | 30.00% | 16.90% | 13.82% | 118.26% | 166.02% |
(1) | On September 6, 2018, the Fund’s underlying index changed from the Richard Bernstein Advisors Quality Income Index to the Dorsey Wright Momentum Plus Dividend Yield Index (the “Index”). Therefore, the Fund’s performance and historical returns shown for the periods prior to September 6, 2018, are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. Since the Index had an inception date of July 2, 2018, it was not in existence for all of the periods disclosed. |
(2) | The Dow Jones U.S. Select DividendTM Index represents 100 of the United States’ leading stocks by dividend yield. |
Sector Allocation | % of Total Investments |
Financials | 46.0% |
Real Estate | 23.3 |
Energy | 6.3 |
Information Technology | 5.9 |
Consumer Discretionary | 5.4 |
Materials | 5.2 |
Industrials | 3.6 |
Communication Services | 2.8 |
Consumer Staples | 1.5 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Starwood Property Trust, Inc. | 4.8% |
Prudential Financial, Inc. | 3.5 |
Comerica, Inc. | 3.5 |
Simon Property Group, Inc. | 3.2 |
OneMain Holdings, Inc. | 3.1 |
Principal Financial Group, Inc. | 3.1 |
Marathon Petroleum Corp. | 3.1 |
Vornado Realty Trust | 3.1 |
LyondellBasell Industries N.V., Class A | 3.0 |
SL Green Realty Corp. | 3.0 |
Total | 33.4% |
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.
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1 Year Ended 9/30/21 | 5 Years Ended 9/30/21 | Inception (7/22/14) to 9/30/21 | 5 Years Ended 9/30/21 | Inception (7/22/14) to 9/30/21 | ||
Fund Performance | ||||||
NAV | 21.91% | 7.15% | 3.34% | 41.24% | 26.69% | |
Market Price | 21.99% | 7.22% | 3.34% | 41.67% | 26.65% | |
Index Performance | ||||||
Dorsey Wright International Focus FiveTM Index | 22.34% | 7.69% | 3.80% | 44.86% | 30.72% | |
MSCI ACWI ex USA Index | 23.92% | 8.94% | 4.70% | 53.45% | 39.11% |
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 9/30/21 | 5 Years Ended 9/30/21 | Inception (3/17/16) to 9/30/21 | 5 Years Ended 9/30/21 | Inception (3/17/16) to 9/30/21 | ||
Fund Performance | ||||||
NAV | 34.32% | 11.12% | 11.27% | 69.40% | 80.70% | |
Market Price | 34.28% | 11.10% | 11.27% | 69.27% | 80.65% | |
Index Performance | �� | |||||
Dorsey Wright Dynamic Focus Five Index | 34.74% | 11.43% | 11.60% | 71.78% | 83.69% | |
S&P 500® Index | 30.00% | 16.90% | 16.63% | 118.26% | 134.53% |
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 April 1, 2021 | Ending Account Value September 30, 2021 | Annualized Expense Ratio Based on the Six-Month Period | Expenses Paid During the Six-Month Period (a) | |
First Trust NASDAQ Technology Dividend Index Fund (TDIV) | ||||
Actual | $1,000.00 | $1,055.90 | 0.50% | $2.58 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.56 | 0.50% | $2.54 |
Multi-Asset Diversified Income Index Fund (MDIV) (b) | ||||
Actual | $1,000.00 | $1,035.90 | 0.48% | $2.45 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.66 | 0.48% | $2.43 |
First Trust S&P International Dividend Aristocrats ETF (FID) | ||||
Actual | $1,000.00 | $1,025.30 | 0.60% | $3.05 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
First Trust BuyWrite Income ETF (FTHI) | ||||
Actual | $1,000.00 | $1,038.90 | 0.85% | $4.34 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,020.81 | 0.85% | $4.31 |
First Trust Hedged BuyWrite Income ETF (FTLB) | ||||
Actual | $1,000.00 | $1,032.70 | 0.85% | $4.33 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,020.81 | 0.85% | $4.31 |
First Trust Rising Dividend Achievers ETF (RDVY) | ||||
Actual | $1,000.00 | $1,049.90 | 0.50% | $2.57 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.56 | 0.50% | $2.54 |
Beginning Account Value April 1, 2021 | Ending Account Value September 30, 2021 | Annualized Expense Ratio Based on the Six-Month Period | Expenses Paid During the Six-Month Period (a) | |
First Trust Dorsey Wright Focus 5 ETF (FV) (b) | ||||
Actual | $1,000.00 | $1,026.20 | 0.30% | $1.52 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,023.56 | 0.30% | $1.52 |
First Trust RBA American Industrial Renaissance® ETF (AIRR) | ||||
Actual | $1,000.00 | $1,008.90 | 0.70% | $3.53 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.56 | 0.70% | $3.55 |
First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) | ||||
Actual | $1,000.00 | $1,079.00 | 0.60% | $3.13 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
First Trust Dorsey Wright International Focus 5 ETF (IFV) (b) | ||||
Actual | $1,000.00 | $995.80 | 0.30% | $1.50 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,023.56 | 0.30% | $1.52 |
First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) (b) | ||||
Actual | $1,000.00 | $1,026.00 | 0.30% | $1.52 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,023.56 | 0.30% | $1.52 |
(a) | Expenses are equal to the annualized expense ratios as indicated in the table multiplied by the average account value over the period (April 1, 2021 through September 30, 2021), multiplied by 183/365 (to reflect the six-month period). |
(b) | Annualized expense ratio and expenses paid during the six-month period do not include fees and expenses of the underlying funds in which the Fund invests. |
Shares | Description | Value | ||
COMMON STOCKS – 99.9% | ||||
Communications Equipment – 3.8% | ||||
27,414 | ADTRAN, Inc. | $514,287 | ||
10,160 | AudioCodes Ltd. | 330,606 | ||
570,703 | Cisco Systems, Inc. | 31,063,364 | ||
13,238 | Comtech Telecommunications Corp. | 339,025 | ||
184,382 | Gilat Satellite Networks Ltd. | 1,657,594 | ||
290,792 | Juniper Networks, Inc. | 8,002,596 | ||
62,219 | Motorola Solutions, Inc. | 14,454,718 | ||
208,187 | Telefonaktiebolaget LM Ericsson, ADR | 2,331,695 | ||
9,957 | Ubiquiti, Inc. | 2,973,857 | ||
61,667,742 | ||||
Diversified Telecommunication Services – 11.0% | ||||
1,228,406 | AT&T, Inc. | 33,179,246 | ||
7,666 | ATN International, Inc. | 359,152 | ||
646,256 | BCE, Inc. | 32,351,575 | ||
63,191 | Cogent Communications Holdings, Inc. | 4,476,451 | ||
188,092 | KT Corp., ADR | 2,561,813 | ||
2,738,444 | Lumen Technologies, Inc. | 33,929,321 | ||
173,048 | Orange S.A., ADR | 1,874,110 | ||
371,664 | Telefonica Brasil S.A., ADR | 2,884,113 | ||
53,406 | Telkom Indonesia Persero Tbk PT, ADR | 1,356,512 | ||
1,461,930 | TELUS Corp. | 32,103,983 | ||
612,417 | Verizon Communications, Inc. | 33,076,642 | ||
178,152,918 | ||||
Electronic Equipment, Instruments & Components – 4.3% | ||||
138,956 | Amphenol Corp., Class A | 10,175,748 | ||
66,448 | Avnet, Inc. | 2,456,583 | ||
26,990 | Benchmark Electronics, Inc. | 720,903 | ||
34,423 | CDW Corp. | 6,265,674 | ||
624,543 | Corning, Inc. | 22,789,574 | ||
24,010 | Jabil, Inc. | 1,401,464 | ||
12,245 | Methode Electronics, Inc. | 514,902 | ||
107,143 | National Instruments Corp. | 4,203,220 | ||
134,647 | TE Connectivity Ltd. | 18,476,261 | ||
72,964 | Vishay Intertechnology, Inc. | 1,465,847 | ||
68,470,176 | ||||
Health Care Technology – 0.0% | ||||
3,467 | Simulations Plus, Inc. | 136,947 | ||
Interactive Media & Services – 0.3% | ||||
42,632 | Autohome, Inc., ADR | 2,000,720 | ||
53,040 | JOYY, Inc., ADR | 2,908,183 | ||
4,908,903 |
Shares | Description | Value | ||
Internet & Direct Marketing Retail – 0.1% | ||||
7,676 | Shutterstock, Inc. | $869,844 | ||
IT Services – 10.2% | ||||
71,836 | Amdocs Ltd. | 5,438,704 | ||
201,424 | Cognizant Technology Solutions Corp., Class A | 14,947,675 | ||
20,941 | CSG Systems International, Inc. | 1,009,356 | ||
18,856 | Hackett Group (The), Inc. | 369,955 | ||
357,792 | Infosys Ltd., ADR | 7,960,872 | ||
960,036 | International Business Machines Corp. | 133,377,801 | ||
35,183 | Switch, Inc., Class A | 893,296 | ||
163,997,659 | ||||
Media – 2.0% | ||||
932 | Cable One, Inc. | 1,689,837 | ||
555,090 | Comcast Corp., Class A | 31,046,184 | ||
32,736,021 | ||||
Professional Services – 0.7% | ||||
48,268 | KBR, Inc. | 1,901,759 | ||
62,378 | Leidos Holdings, Inc. | 5,996,397 | ||
32,372 | Science Applications International Corp. | 2,769,749 | ||
10,667,905 | ||||
Semiconductors & Semiconductor Equipment – 37.2% | ||||
274,667 | Analog Devices, Inc. | 46,001,229 | ||
191,160 | Applied Materials, Inc. | 24,608,027 | ||
270,974 | Broadcom, Inc. | 131,403,422 | ||
12,608 | CMC Materials, Inc. | 1,553,684 | ||
77,443 | Himax Technologies, Inc., ADR | 826,317 | ||
2,492,258 | Intel Corp. | 132,787,506 | ||
51,413 | KLA Corp. | 17,198,163 | ||
15,155 | Kulicke & Soffa Industries, Inc. | 883,233 | ||
38,795 | Lam Research Corp. | 22,080,174 | ||
85,222 | Microchip Technology, Inc. | 13,080,725 | ||
73,455 | NXP Semiconductors N.V. | 14,387,631 | ||
459,239 | QUALCOMM, Inc. | 59,232,646 | ||
20,774 | Silicon Motion Technology Corp., ADR | 1,432,991 | ||
57,228 | Skyworks Solutions, Inc. | 9,430,030 | ||
502,273 | Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 56,078,780 | ||
352,867 | Texas Instruments, Inc. | 67,824,566 | ||
115,861 | United Microelectronics Corp., ADR | 1,324,291 | ||
600,133,415 | ||||
Software – 14.2% | ||||
32,205 | Absolute Software Corp. | 353,933 | ||
17,322 | American Software, Inc., Class A | 411,398 | ||
55,398 | CDK Global, Inc. | 2,357,185 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Software (Continued) | ||||
55,279 | Citrix Systems, Inc. | $5,935,306 | ||
18,430 | Dolby Laboratories, Inc., Class A | 1,621,840 | ||
10,253 | Ebix, Inc. | 276,113 | ||
19,314 | InterDigital, Inc. | 1,309,876 | ||
64,104 | McAfee Corp., Class A | 1,417,339 | ||
446,308 | Microsoft Corp. | 125,823,151 | ||
347,833 | NortonLifeLock, Inc. | 8,800,175 | ||
122,414 | Open Text Corp. | 5,966,458 | ||
755,815 | Oracle Corp. | 65,854,161 | ||
20,612 | Progress Software Corp. | 1,013,904 | ||
25,492 | SAP SE, ADR | 3,442,440 | ||
22,533 | Sapiens International Corp., N.V. | 648,500 | ||
64,346 | SS&C Technologies Holdings, Inc. | 4,465,612 | ||
229,697,391 | ||||
Technology Hardware, Storage & Peripherals – 13.1% | ||||
887,384 | Apple, Inc. | 125,564,836 | ||
1,288,850 | Hewlett Packard Enterprise Co. | 18,366,112 | ||
972,717 | HP, Inc. | 26,613,537 | ||
45,734 | Logitech International S.A. | 4,031,452 | ||
155,339 | NetApp, Inc. | 13,943,229 | ||
218,140 | Seagate Technology Holdings PLC | 18,000,913 | ||
252,045 | Xerox Holdings Corp. | 5,083,748 | ||
211,603,827 | ||||
Wireless Telecommunication Services – 3.0% | ||||
185,078 | America Movil SAB de CV, ADR, Class L | 3,270,328 | ||
971,804 | Mobile TeleSystems PJSC, ADR | 9,368,191 | ||
394,972 | Rogers Communications, Inc., Class B | 18,421,494 | ||
18,450 | Shenandoah Telecommunications Co. | 582,651 | ||
76,170 | SK Telecom Co., Ltd., ADR | 2,292,717 | ||
118,196 | Telephone & Data Systems, Inc. | 2,304,822 | ||
783,290 | Vodafone Group PLC, ADR | 12,101,830 | ||
48,342,033 | ||||
Total Investments – 99.9% | 1,611,384,781 | |||
(Cost $1,281,392,741) (a) | ||||
Net Other Assets and Liabilities – 0.1% | 2,382,348 | |||
Net Assets – 100.0% | $1,613,767,129 |
(a) | Aggregate cost for federal income tax purposes was $1,301,860,919. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $345,318,372 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $35,794,510. The net unrealized appreciation was $309,523,862. |
ADR | American Depositary Receipt |
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 1,611,384,781 | $ 1,611,384,781 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares/ Units | Description | Value | ||
MASTER LIMITED PARTNERSHIPS – 20.8% | ||||
Energy Equipment & Services – 1.4% | ||||
390,341 | USA Compression Partners, L.P. | $6,467,950 | ||
Industrial Conglomerates – 1.1% | ||||
107,765 | Icahn Enterprises, L.P. | 5,382,862 | ||
Oil, Gas & Consumable Fuels – 18.3% | ||||
262,620 | Black Stone Minerals, L.P. | 3,164,571 | ||
65,071 | Cheniere Energy Partners, L.P. | 2,646,438 | ||
140,194 | Crestwood Equity Partners, L.P. | 3,978,706 | ||
234,306 | CrossAmerica Partners, L.P. | 4,660,346 | ||
86,496 | Delek Logistics Partners, L.P. | 3,912,214 | ||
211,475 | Dorchester Minerals, L.P. | 4,053,976 | ||
439,559 | Enable Midstream Partners, L.P. | 3,569,219 | ||
357,803 | Energy Transfer, L.P. | 3,427,753 | ||
153,735 | Enterprise Products Partners, L.P. | 3,326,825 | ||
45,784 | Enviva Partners, L.P. | 2,476,457 | ||
165,072 | Global Partners, L.P. | 3,496,225 | ||
157,222 | Holly Energy Partners, L.P. | 2,881,879 | ||
271,589 | KNOT Offshore Partners, L.P. | 5,103,157 | ||
77,119 | Magellan Midstream Partners, L.P. | 3,515,084 | ||
148,275 | MPLX, L.P. | 4,221,389 | ||
255,841 | NuStar Energy, L.P. | 4,026,937 | ||
312,398 | PBF Logistics, L.P. | 3,942,463 | ||
115,321 | Phillips 66 Partners, L.P. | 4,134,258 | ||
331,726 | Plains All American Pipeline, L.P. | 3,373,653 | ||
469,721 | Shell Midstream Partners, L.P. | 5,528,616 | ||
219,928 | Sprague Resources, L.P. | 4,092,860 | ||
101,577 | Sunoco, L.P. | 3,790,854 | ||
168,240 | Teekay LNG Partners, L.P. | 2,616,132 | ||
85,940,012 | ||||
Total Master Limited Partnerships | 97,790,824 | |||
(Cost $83,545,561) | ||||
REAL ESTATE INVESTMENT TRUSTS – 19.3% | ||||
Diversified REITs – 0.5% | ||||
13,492 | PS Business Parks, Inc. | 2,114,736 | ||
Health Care REITs – 2.4% | ||||
97,699 | Healthcare Realty Trust, Inc. | 2,909,476 | ||
198,243 | Medical Properties Trust, Inc. | 3,978,737 | ||
80,015 | National Health Investors, Inc. | 4,280,803 | ||
11,169,016 | ||||
Industrial REITs – 1.0% | ||||
26,319 | First Industrial Realty Trust, Inc. | 1,370,694 | ||
137,832 | Industrial Logistics Properties Trust | 3,502,311 | ||
4,873,005 | ||||
Mortgage REITs – 7.2% | ||||
431,822 | AGNC Investment Corp. | 6,809,833 | ||
875,393 | Annaly Capital Management, Inc. | 7,370,809 | ||
423,362 | Chimera Investment Corp. | 6,286,926 | ||
293,715 | KKR Real Estate Finance Trust, Inc. | 6,197,386 | ||
367,044 | PennyMac Mortgage Investment Trust | 7,227,096 | ||
33,892,050 |
Shares/ Units | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS (Continued) | ||||
Office REITs – 0.8% | ||||
8,145 | Alexandria Real Estate Equities, Inc. | $1,556,265 | ||
34,136 | Kilroy Realty Corp. | 2,260,145 | ||
3,816,410 | ||||
Retail REITs – 2.4% | ||||
18,815 | Alexander’s, Inc. | 4,903,565 | ||
119,631 | Getty Realty Corp. | 3,506,385 | ||
69,723 | National Retail Properties, Inc. | 3,011,336 | ||
11,421,286 | ||||
Specialized REITs – 5.0% | ||||
39,441 | CubeSmart | 1,910,916 | ||
9,062 | Extra Space Storage, Inc. | 1,522,325 | ||
118,832 | Four Corners Property Trust, Inc. | 3,191,828 | ||
83,811 | Gaming and Leisure Properties, Inc. | 3,882,126 | ||
91,902 | Iron Mountain, Inc. | 3,993,142 | ||
15,591 | Life Storage, Inc. | 1,788,911 | ||
46,889 | PotlatchDeltic Corp. | 2,418,535 | ||
6,140 | Public Storage | 1,824,194 | ||
106,276 | VICI Properties, Inc. | 3,019,301 | ||
23,551,278 | ||||
Total Real Estate Investment Trusts | 90,837,781 | |||
(Cost $86,055,666) | ||||
COMMON STOCKS – 19.2% | ||||
Biotechnology – 0.9% | ||||
18,624 | AbbVie, Inc. | 2,008,971 | ||
28,807 | Gilead Sciences, Inc. | 2,012,169 | ||
4,021,140 | ||||
Containers & Packaging – 0.4% | ||||
30,419 | International Paper Co. | 1,701,031 | ||
Diversified Telecommunication Services – 0.5% | ||||
42,135 | Verizon Communications, Inc. | 2,275,711 | ||
Electric Utilities – 4.7% | ||||
27,104 | ALLETE, Inc. | 1,613,230 | ||
19,054 | American Electric Power Co., Inc. | 1,546,804 | ||
31,809 | Avangrid, Inc. | 1,545,917 | ||
18,070 | Duke Energy Corp. | 1,763,451 | ||
42,886 | Edison International | 2,378,886 | ||
17,100 | Entergy Corp. | 1,698,201 | ||
24,342 | Evergy, Inc. | 1,514,072 | ||
34,347 | Exelon Corp. | 1,660,334 | ||
36,521 | Hawaiian Electric Industries, Inc. | 1,491,153 | ||
28,090 | Otter Tail Corp. | 1,572,197 | ||
26,613 | Pinnacle West Capital Corp. | 1,925,717 | ||
33,893 | Portland General Electric Co. | 1,592,632 | ||
31,651 | Southern (The) Co. | 1,961,413 | ||
22,264,007 | ||||
Food Products – 2.3% | ||||
41,214 | Campbell Soup Co. | 1,723,157 | ||
48,173 | Conagra Brands, Inc. | 1,631,620 |
Shares/ Units | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Food Products (Continued) | ||||
73,379 | Flowers Foods, Inc. | $1,733,946 | ||
30,876 | General Mills, Inc. | 1,847,002 | ||
29,481 | Kellogg Co. | 1,884,426 | ||
59,516 | Kraft Heinz (The) Co. | 2,191,379 | ||
11,011,530 | ||||
Gas Utilities – 1.4% | ||||
34,598 | National Fuel Gas Co. | 1,817,087 | ||
21,771 | ONE Gas, Inc. | 1,379,628 | ||
24,144 | Southwest Gas Holdings, Inc. | 1,614,751 | ||
27,996 | Spire, Inc. | 1,712,795 | ||
6,524,261 | ||||
Health Care Providers & Services – 0.3% | ||||
32,196 | Cardinal Health, Inc. | 1,592,414 | ||
Household Products – 0.4% | ||||
12,171 | Kimberly-Clark Corp. | 1,611,927 | ||
Insurance – 2.1% | ||||
33,041 | Axis Capital Holdings Ltd. | 1,521,208 | ||
39,579 | CNA Financial Corp. | 1,660,735 | ||
33,337 | Fidelity National Financial, Inc. | 1,511,499 | ||
38,495 | Horace Mann Educators Corp. | 1,531,716 | ||
35,837 | Mercury General Corp. | 1,995,046 | ||
69,079 | Old Republic International Corp. | 1,597,797 | ||
9,818,001 | ||||
IT Services – 0.9% | ||||
17,000 | International Business Machines Corp. | 2,361,810 | ||
94,334 | Western Union (The) Co. | 1,907,434 | ||
4,269,244 | ||||
Multi-Utilities – 2.6% | ||||
24,139 | Black Hills Corp. | 1,514,964 | ||
28,498 | Consolidated Edison, Inc. | 2,068,670 | ||
15,568 | DTE Energy Co. | 1,739,101 | ||
73,383 | NiSource, Inc. | 1,778,070 | ||
31,873 | NorthWestern Corp. | 1,826,323 | ||
25,887 | Public Service Enterprise Group, Inc. | 1,576,518 | ||
12,777 | Sempra Energy | 1,616,291 | ||
12,119,937 | ||||
Pharmaceuticals – 0.7% | ||||
22,482 | Merck & Co., Inc. | 1,688,623 | ||
40,474 | Pfizer, Inc. | 1,740,787 | ||
3,429,410 | ||||
Thrifts & Mortgage Finance – 0.3% | ||||
136,823 | Capitol Federal Financial, Inc. | 1,572,096 | ||
Tobacco – 1.3% | ||||
73,420 | Altria Group, Inc. | 3,342,078 | ||
60,296 | Universal Corp. | 2,914,106 | ||
6,256,184 |
Shares/ Units | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Trading Companies & Distributors – 0.4% | ||||
20,576 | MSC Industrial Direct Co., Inc., Class A | $1,649,989 | ||
Total Common Stocks | 90,116,882 | |||
(Cost $88,451,194) |
Shares | Description | Stated Rate | Stated Maturity | Value | ||||
$25 PAR PREFERRED SECURITIES – 20.2% | ||||||||
Banks – 9.1% | ||||||||
131,781 | Bank of America Corp., Series GG | 6.00% | (a) | 3,555,451 | ||||
127,092 | Bank of America Corp., Series HH | 5.88% | (a) | 3,431,484 | ||||
137,396 | Bank of America Corp., Series K (b) | 6.45% | 12/15/66 | 3,646,490 | ||||
138,056 | Citigroup Capital XIII, 3 Mo. LIBOR + 6.37% (c) | 6.50% | 10/30/40 | 3,831,054 | ||||
136,469 | Citigroup, Inc., Series K (b) | 6.88% | (a) | 3,821,132 | ||||
124,253 | JPMorgan Chase & Co., Series DD | 5.75% | (a) | 3,393,350 | ||||
123,360 | JPMorgan Chase & Co., Series EE | 6.00% | (a) | 3,419,539 | ||||
108,434 | JPMorgan Chase & Co., Series GG | 4.75% | (a) | 2,833,380 | ||||
143,439 | PNC Financial Services Group (The), Inc., Series P (b) | 6.13% | (a) | 3,726,545 | ||||
155,603 | US Bancorp, Series F (b) | 6.50% | (a) | 3,956,984 | ||||
131,131 | Wells Fargo & Co., Series R (b) | 6.63% | (a) | 3,716,253 | ||||
132,555 | Wells Fargo & Co., Series Y | 5.63% | (a) | 3,478,243 | ||||
42,809,905 | ||||||||
Capital Markets – 3.3% | ||||||||
147,592 | Apollo Global Management, Inc., Series A | 6.38% | (a) | 3,787,211 | ||||
146,144 | Charles Schwab (The) Corp., Series D | 5.95% | (a) | 3,713,519 | ||||
137,302 | Morgan Stanley, Series E (b) | 7.13% | (a) | 3,914,480 | ||||
137,756 | Morgan Stanley, Series F (b) | 6.88% | (a) | 3,859,923 | ||||
15,275,133 | ||||||||
Diversified Telecommunication Services – 1.7% | ||||||||
161,430 | Qwest Corp. | 6.50% | 09/01/56 | 4,140,679 | ||||
152,818 | Qwest Corp. | 6.75% | 06/15/57 | 4,048,149 | ||||
8,188,828 | ||||||||
Electric Utilities – 0.7% | ||||||||
129,363 | NextEra Energy Capital Holdings, Inc., Class K | 3,266,416 | ||||||
Equity Real Estate Investment Trusts – 0.8% | ||||||||
152,298 | Monmouth Real Estate Investment Corp., Series C | 6.13% | (a) | 3,840,956 | ||||
Food Products – 1.8% | ||||||||
139,772 | CHS, Inc. | 8.00% | (a) | 4,318,955 | ||||
152,285 | CHS, Inc., Series 1 | 7.88% | (a) | 4,350,782 | ||||
8,669,737 | ||||||||
Insurance – 1.0% | ||||||||
179,840 | Hartford Financial Services Group (The), Inc. (b) | 7.88% | 04/15/42 | 4,666,848 | ||||
Mortgage Real Estate Investment Trusts – 1.8% | ||||||||
162,617 | AGNC Investment Corp., Series C (b) | 7.00% | (a) | 4,262,192 | ||||
155,843 | AGNC Investment Corp., Series E (b) | 6.50% | (a) | 3,997,373 | ||||
8,259,565 | ||||||||
Total $25 Par Preferred Securities | 94,977,388 | |||||||
(Cost $96,475,249) |
Shares | Description | Value | ||
EXCHANGE-TRADED FUNDS – 20.1% | ||||
1,964,662 | First Trust Tactical High Yield ETF (d) | $94,677,062 | ||
(Cost $96,044,096) | ||||
Total Investments – 99.6% | 468,399,937 | |||
(Cost $450,571,766) (e) | ||||
Net Other Assets and Liabilities – 0.4% | 1,803,493 | |||
Net Assets – 100.0% | $470,203,430 |
(a) | Perpetual maturity. |
(b) | Fixed-to-floating or fixed-to-variable rate security. The interest rate shown reflects the fixed rate in effect at September 30, 2021. At a predetermined date, the fixed rate will change to a floating rate or a variable rate. |
(c) | Floating rate security. |
(d) | Investment in an affiliated fund. |
(e) | Aggregate cost for federal income tax purposes was $451,074,609. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $25,648,849 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $8,323,521. The net unrealized appreciation was $17,325,328. |
LIBOR | London Interbank Offered Rate |
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Master Limited Partnerships* | $ 97,790,824 | $ 97,790,824 | $ — | $ — |
Real Estate Investment Trusts* | 90,837,781 | 90,837,781 | — | — |
Common Stocks* | 90,116,882 | 90,116,882 | — | — |
$25 Par Preferred Securities* | 94,977,388 | 94,977,388 | — | — |
Exchange-Traded Funds | 94,677,062 | 94,677,062 | — | — |
Total Investments | $ 468,399,937 | $ 468,399,937 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 94.7% | ||||
Aerospace & Defense – 2.7% | ||||
89,067 | BAE Systems PLC (a) | $674,598 | ||
169,500 | Singapore Technologies Engineering Ltd. (a) | 473,150 | ||
1,147,748 | ||||
Auto Components – 1.4% | ||||
32,100 | Yokohama Rubber (The) Co., Ltd. (a) | 576,090 | ||
Banks – 8.6% | ||||
3,973 | Bank of Montreal | 396,641 | ||
6,694 | Bank of Nova Scotia (The) | 412,020 | ||
4,307 | Canadian Imperial Bank of Commerce | 479,462 | ||
107,309 | Emirates NBD Bank PJSC | 414,845 | ||
125,776 | First Abu Dhabi Bank PJSC | 608,823 | ||
104,200 | Mitsubishi UFJ Financial Group, Inc. (a) | 615,961 | ||
3,450 | Royal Bank of Canada | 343,284 | ||
5,299 | Toronto-Dominion Bank (The) | 350,798 | ||
3,621,834 | ||||
Beverages – 1.9% | ||||
131,544 | Arca Continental S.A.B. de C.V. | 800,933 | ||
Capital Markets – 3.8% | ||||
57,310 | Ashmore Group PLC (a) | 262,167 | ||
36,560 | IG Group Holdings PLC (a) | 395,075 | ||
16,645 | IGM Financial, Inc. | 594,652 | ||
14,000 | SBI Holdings, Inc. (a) | 342,894 | ||
1,594,788 | ||||
Construction & Engineering – 1.5% | ||||
14,955 | Bouygues S.A. (a) | 618,649 | ||
Consumer Finance – 0.9% | ||||
28,700 | Credit Saison Co., Ltd. (a) | 376,339 | ||
Diversified Telecommunication Services – 6.4% | ||||
11,573 | BCE, Inc. | 579,747 | ||
9,142 | Elisa Oyj | 568,028 | ||
18,100 | Nippon Telegraph & Telephone Corp. (a) | 501,536 | ||
1,089 | Swisscom AG (a) | 626,699 | ||
19,531 | TELUS Corp. | 429,293 | ||
2,705,303 | ||||
Electric Utilities – 9.2% | ||||
42,200 | Chugoku Electric Power (The) Co., Inc. (a) | 384,940 | ||
133,530 | CK Infrastructure Holdings Ltd. (a) | 744,781 | ||
57,404 | CLP Holdings, Ltd. (a) | 552,710 | ||
9,301 | Emera, Inc. | 421,211 | ||
27,848 | Fortum Oyj (a) | 845,635 |
Shares | Description | Value | ||
Electric Utilities (Continued) | ||||
156,708 | Power Assets Holdings Ltd. (a) | $918,637 | ||
3,867,914 | ||||
Food & Staples Retailing – 1.4% | ||||
44,592 | SPAR Group (The) Ltd. | 581,639 | ||
Food Products – 1.3% | ||||
61,082 | Tate & Lyle PLC (a) | 568,094 | ||
Gas Utilities – 5.6% | ||||
90,212 | APA Group (a) | 561,913 | ||
159,286 | Beijing Enterprises Holdings Ltd. (a) | 635,789 | ||
51,846 | Enagas S.A. (a) | 1,152,233 | ||
2,349,935 | ||||
Household Durables – 2.5% | ||||
15,079 | JM AB (a) | 532,995 | ||
24,700 | Sekisui House Ltd. (a) | 517,242 | ||
1,050,237 | ||||
Independent Power & Renewable Electricity Producers – 2.7% | ||||
16,784 | Capital Power Corp. | 565,960 | ||
39,900 | Electric Power Development Co., Ltd. (a) | 572,055 | ||
1,138,015 | ||||
Insurance – 12.4% | ||||
10,089 | Ageas S.A./N.V. (a) | 499,612 | ||
1,774 | Allianz SE (a) | 397,457 | ||
2,082 | Baloise Holding AG (a) | 315,818 | ||
16,821 | Great-West Lifeco, Inc. | 511,828 | ||
162,841 | Legal & General Group PLC (a) | 611,808 | ||
18,220 | Manulife Financial Corp. | 350,705 | ||
13,900 | MS&AD Insurance Group Holdings, Inc. (a) | 464,910 | ||
63,845 | Phoenix Group Holdings PLC (a) | 551,954 | ||
17,758 | Power Corp. of Canada | 585,344 | ||
910 | Swiss Life Holding AG (a) | 458,519 | ||
1,140 | Zurich Insurance Group AG (a) | 466,169 | ||
5,214,124 | ||||
Internet & Direct Marketing Retail – 1.0% | ||||
154,381 | Moneysupermarket.com Group PLC (a) | 440,666 | ||
Leisure Products – 1.4% | ||||
24,500 | Sankyo Co., Ltd. (a) | 609,060 | ||
Media – 1.7% | ||||
24,700 | Shaw Communications, Inc., Class B | 718,028 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Metals & Mining – 1.2% | ||||
28,000 | Asahi Holdings, Inc. (a) | $506,890 | ||
Multi-Utilities – 2.1% | ||||
13,116 | ATCO Ltd., Class I | 420,735 | ||
18,017 | Canadian Utilities Ltd., Class A | 485,489 | ||
906,224 | ||||
Oil, Gas & Consumable Fuels – 5.2% | ||||
33,575 | Keyera Corp. | 844,809 | ||
24,184 | Pembina Pipeline Corp. | 766,609 | ||
11,678 | TC Energy Corp. | 562,049 | ||
2,173,467 | ||||
Paper & Forest Products – 1.2% | ||||
14,347 | UPM-Kymmene Oyj (a) | 507,801 | ||
Personal Products – 1.1% | ||||
86,625 | Hengan International Group Co., Ltd. (a) | 461,936 | ||
Pharmaceuticals – 2.9% | ||||
39,840 | GlaxoSmithKline PLC (a) | 751,907 | ||
5,047 | Sanofi (a) | 485,845 | ||
1,237,752 | ||||
Real Estate Management & Development – 7.5% | ||||
299,117 | China Overseas Land & Investment Ltd. (a) | 676,935 | ||
178,122 | Henderson Land Development Co., Ltd. (a) | 680,144 | ||
148,010 | New World Development Co. Ltd. (a) | 601,995 | ||
493,090 | Sino Land Co., Ltd. (a) | 663,355 | ||
43,809 | Sun Hung Kai Properties Ltd. (a) | 547,014 | ||
3,169,443 | ||||
Technology Hardware, Storage & Peripherals – 1.3% | ||||
413,756 | Lenovo Group Ltd. (a) | 540,045 | ||
Tobacco – 3.7% | ||||
47,100 | Japan Tobacco, Inc. (a) | 922,890 | ||
9,041 | KT&G Corp. (a) | 618,526 | ||
1,541,416 | ||||
Water Utilities – 0.9% | ||||
290,117 | Guangdong Investment Ltd. (a) | 378,581 | ||
Wireless Telecommunication Services – 1.2% | ||||
16,000 | KDDI Corp. (a) | 526,770 | ||
Total Common Stocks | 39,929,721 | |||
(Cost $38,694,455) |
Shares | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS – 4.6% | ||||
Equity Real Estate Investment Trusts – 4.6% | ||||
658 | Japan Metropolitan Fund Investment Corp. (a) | $631,815 | ||
240,906 | Primary Health Properties PLC (a) | 488,778 | ||
34,196 | SmartCentres Real Estate Investment Trust | 800,769 | ||
Total Real Estate Investment Trusts | 1,921,362 | |||
(Cost $1,850,575) | ||||
Total Investments – 99.3% | 41,851,083 | |||
(Cost $40,545,030) (b) | ||||
Net Other Assets and Liabilities – 0.7% | 288,243 | |||
Net Assets – 100.0% | $42,139,326 |
(a) | 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 provisions of the Investment Company Act of 1940, as amended. At September 30, 2021, securities noted as such are valued at $28,257,382 or 67.1% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets’ close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded. |
(b) | Aggregate cost for federal income tax purposes was $40,855,305. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $2,869,294 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $1,873,516. The net unrealized appreciation was $995,778. |
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Banks | $ 3,621,834 | $ 3,005,873 | $ 615,961 | $ — |
Beverages | 800,933 | 800,933 | — | — |
Capital Markets | 1,594,788 | 594,652 | 1,000,136 | — |
Diversified Telecommunication Services | 2,705,303 | 1,577,068 | 1,128,235 | — |
Electric Utilities | 3,867,914 | 421,211 | 3,446,703 | — |
Food & Staples Retailing | 581,639 | 581,639 | — | — |
Independent Power & Renewable Electricity Producers | 1,138,015 | 565,960 | 572,055 | — |
Insurance | 5,214,124 | 1,447,877 | 3,766,247 | — |
Media | 718,028 | 718,028 | — | — |
Multi-Utilities | 906,224 | 906,224 | — | — |
Oil, Gas & Consumable Fuels | 2,173,467 | 2,173,467 | — | — |
Other industry categories* | 16,607,452 | — | 16,607,452 | — |
Real Estate Investment Trusts* | 1,921,362 | 800,769 | 1,120,593 | — |
Total Investments | $ 41,851,083 | $ 13,593,701 | $ 28,257,382 | $— |
* | See Portfolio of Investments for industry breakout. |
Currency Exposure Diversification | % of Total Investments |
Canadian Dollar | 25.4% |
Japanese Yen | 18.0 |
Hong Kong Dollar | 17.7 |
Euro | 12.1 |
British Pound Sterling | 11.3 |
Swiss Franc | 4.5 |
United Arab Emirates Dirham | 2.5 |
Mexican Peso | 1.9 |
South Korean Won | 1.5 |
South African Rand | 1.4 |
Australian Dollar | 1.3 |
Swedish Krona | 1.3 |
Singapore Dollar | 1.1 |
Total | 100.0% |
Shares | Description | Value | ||
COMMON STOCKS – 93.8% | ||||
Aerospace & Defense – 0.7% | ||||
6,907 | Maxar Technologies, Inc. | $195,606 | ||
1,386 | Raytheon Technologies Corp. | 119,141 | ||
314,747 | ||||
Auto Components – 0.4% | ||||
12,854 | Tenneco, Inc., Class A (a) | 183,427 | ||
Automobiles – 1.2% | ||||
708 | Tesla, Inc. (a) | 549,040 | ||
Banks – 12.4% | ||||
2,506 | Ameris Bancorp | 130,011 | ||
12,442 | Associated Banc-Corp. | 266,508 | ||
6,016 | BancorpSouth Bank | 179,157 | ||
3,518 | Hilltop Holdings, Inc. | 114,933 | ||
24,789 | Huntington Bancshares, Inc. (b) | 383,238 | ||
2,812 | JPMorgan Chase & Co. (b) | 460,296 | ||
6,539 | M&T Bank Corp. (b) | 976,534 | ||
6,359 | PNC Financial Services Group (The), Inc. (b) | 1,244,075 | ||
2,811 | Prosperity Bancshares, Inc. (b) | 199,946 | ||
9,954 | Regions Financial Corp. | 212,120 | ||
3,690 | United Bankshares, Inc. | 134,242 | ||
14,655 | US Bancorp (b) | 871,093 | ||
12,558 | Wells Fargo & Co. (b) | 582,817 | ||
5,754,970 | ||||
Beverages – 0.2% | ||||
2,090 | Coca-Cola (The) Co. | 109,662 | ||
Biotechnology – 2.0% | ||||
1,464 | AbbVie, Inc. (b) | 157,922 | ||
572 | Amgen, Inc. | 121,636 | ||
341 | Biogen, Inc. (a) | 96,499 | ||
1,627 | Gilead Sciences, Inc. | 113,646 | ||
1,565 | Incyte Corp. (a) | 107,641 | ||
297 | Moderna, Inc. (a) | 114,303 | ||
178 | Regeneron Pharmaceuticals, Inc. (a) | 107,722 | ||
594 | Vertex Pharmaceuticals, Inc. (a) | 107,746 | ||
927,115 | ||||
Capital Markets – 0.9% | ||||
3,788 | Northern Trust Corp. (b) | 408,384 | ||
Chemicals – 3.9% | ||||
517 | Albemarle Corp. | 113,208 | ||
2,631 | CF Industries Holdings, Inc. | 146,862 | ||
3,640 | Chemours (The) Co. | 105,778 | ||
2,813 | Corteva, Inc. | 118,371 | ||
1,900 | Dow, Inc. | 109,364 | ||
1,601 | DuPont de Nemours, Inc. | 108,852 | ||
1,056 | Eastman Chemical Co. | 106,381 | ||
532 | Ecolab, Inc. | 110,986 | ||
5,133 | Element Solutions, Inc. (b) | 111,283 | ||
1,330 | FMC Corp. | 121,775 | ||
1,495 | Ingevity Corp. (a) | 106,698 | ||
1,177 | LyondellBasell Industries N.V., Class A | 110,462 | ||
729 | PPG Industries, Inc. | 104,254 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Chemicals (Continued) | ||||
1,401 | RPM International, Inc. | $108,788 | ||
3,948 | Valvoline, Inc. | 123,099 | ||
1,422 | Westlake Chemical Corp. | 129,601 | ||
1,835,762 | ||||
Commercial Services & Supplies – 0.3% | ||||
1,784 | Stericycle, Inc. (a) | 121,258 | ||
Construction & Engineering – 0.7% | ||||
5,124 | AECOM (a) | 323,581 | ||
Consumer Finance – 0.8% | ||||
939 | Capital One Financial Corp. | 152,090 | ||
4,683 | Synchrony Financial | 228,905 | ||
380,995 | ||||
Containers & Packaging – 0.3% | ||||
9,126 | O-I Glass, Inc. (a) | 130,228 | ||
Diversified Consumer Services – 1.1% | ||||
12,339 | H&R Block, Inc. | 308,475 | ||
4,560 | Terminix Global Holdings, Inc. (a) | 190,015 | ||
498,490 | ||||
Diversified Financial Services – 1.0% | ||||
1,734 | Berkshire Hathaway, Inc., Class B (a) (b) | 473,278 | ||
Diversified Telecommunication Services – 2.0% | ||||
5,018 | AT&T, Inc. (b) | 135,536 | ||
65,860 | Lumen Technologies, Inc. (b) | 816,006 | ||
951,542 | ||||
Electrical Equipment – 0.2% | ||||
11,056 | GrafTech International Ltd. | 114,098 | ||
Energy Equipment & Services – 0.9% | ||||
56,442 | TechnipFMC PLC (a) | 425,008 | ||
Food & Staples Retailing – 0.9% | ||||
5,412 | Albertsons Cos., Inc., Class A | 168,475 | ||
5,161 | United Natural Foods, Inc. (a) | 249,896 | ||
418,371 | ||||
Food Products – 2.2% | ||||
18,059 | Campbell Soup Co. (b) | 755,047 | ||
902 | JM Smucker (The) Co. | 108,267 | ||
5,299 | Nomad Foods Ltd. (a) | 146,040 | ||
1,009,354 | ||||
Health Care Equipment & Supplies – 5.5% | ||||
1,454 | Abbott Laboratories | 171,761 | ||
333 | ABIOMED, Inc. (a) | 108,398 | ||
170 | Align Technology, Inc. (a) | 113,123 | ||
1,581 | Baxter International, Inc. | 127,160 | ||
474 | Becton Dickinson and Co. | 116,519 | ||
2,684 | Boston Scientific Corp. (a) | 116,459 | ||
266 | Cooper (The) Cos., Inc. | 109,941 | ||
538 | Danaher Corp. | 163,789 | ||
1,985 | DENTSPLY SIRONA, Inc. | 115,229 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Health Care Equipment & Supplies (Continued) | ||||
232 | DexCom, Inc. (a) | $126,872 | ||
1,002 | Edwards Lifesciences Corp. (a) | 113,436 | ||
1,528 | Hologic, Inc. (a) | 112,782 | ||
176 | IDEXX Laboratories, Inc. (a) | 109,454 | ||
115 | Intuitive Surgical, Inc. (a) | 114,327 | ||
1,204 | Medtronic PLC | 150,921 | ||
413 | ResMed, Inc. | 108,846 | ||
555 | STERIS PLC | 113,375 | ||
447 | Stryker Corp. | 117,883 | ||
309 | Teleflex, Inc. | 116,354 | ||
265 | West Pharmaceutical Services, Inc. | 112,503 | ||
813 | Zimmer Biomet Holdings, Inc. | 118,991 | ||
2,558,123 | ||||
Health Care Providers & Services – 3.9% | ||||
986 | AmerisourceBergen Corp. | 117,778 | ||
2,264 | Cardinal Health, Inc. (b) | 111,977 | ||
568 | Cigna Corp. | 113,691 | ||
9,445 | Community Health Systems, Inc. (a) | 110,507 | ||
1,392 | CVS Health Corp. (b) | 118,125 | ||
890 | DaVita, Inc. (a) (b) | 103,471 | ||
472 | HCA Healthcare, Inc. | 114,564 | ||
1,559 | Henry Schein, Inc. (a) | 118,733 | ||
285 | Humana, Inc. | 110,908 | ||
389 | Laboratory Corp of America Holdings (a) | 109,480 | ||
584 | McKesson Corp. | 116,438 | ||
787 | Quest Diagnostics, Inc. | 114,359 | ||
850 | UnitedHealth Group, Inc. | 332,129 | ||
772 | Universal Health Services, Inc., Class B | 106,822 | ||
1,798,982 | ||||
Health Care Technology – 0.8% | ||||
10,805 | Allscripts Healthcare Solutions, Inc. (a) | 144,463 | ||
1,518 | Cerner Corp. | 107,049 | ||
19,958 | Multiplan Corp. (a) | 112,364 | ||
363,876 | ||||
Hotels, Restaurants & Leisure – 0.3% | ||||
836 | Expedia Group, Inc. (a) | 137,020 | ||
Household Durables – 0.2% | ||||
4,384 | Taylor Morrison Home Corp. (a) | 113,019 | ||
Independent Power & Renewable Electricity Producers – 0.4% | ||||
9,769 | Vistra Energy Corp. | 167,050 | ||
Industrial Conglomerates – 2.3% | ||||
10,432 | General Electric Co. (b) | 1,074,809 | ||
Insurance – 0.2% | ||||
2,586 | Axis Capital Holdings Ltd. | 119,059 | ||
Interactive Media & Services – 4.8% | ||||
278 | Alphabet, Inc., Class A (a) | 743,238 | ||
276 | Alphabet, Inc., Class C (a) | 735,626 | ||
2,174 | Facebook, Inc., Class A (a) (b) | 737,834 | ||
2,216,698 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Internet & Direct Marketing Retail – 3.3% | ||||
386 | Amazon.com, Inc. (a) (b) | $1,268,026 | ||
25,823 | Qurate Retail, Inc., Series A | 263,136 | ||
1,531,162 | ||||
IT Services – 3.6% | ||||
6,655 | Alliance Data Systems Corp. (b) | 671,423 | ||
16,260 | DXC Technology Co. (a) (b) | 546,498 | ||
846 | International Business Machines Corp. | 117,535 | ||
1,529 | Visa, Inc., Class A (b) | 340,585 | ||
1,676,041 | ||||
Leisure Products – 0.6% | ||||
14,688 | Smith & Wesson Brands, Inc. | 304,923 | ||
Life Sciences Tools & Services – 2.3% | ||||
696 | Agilent Technologies, Inc. | 109,641 | ||
152 | Bio-Rad Laboratories, Inc., Class A (a) | 113,384 | ||
278 | Charles River Laboratories International, Inc. (a) | 114,722 | ||
247 | Illumina, Inc. (a) | 100,186 | ||
465 | IQVIA Holdings, Inc. (a) | 111,386 | ||
77 | Mettler-Toledo International, Inc. (a) | 106,057 | ||
651 | PerkinElmer, Inc. | 112,812 | ||
326 | Thermo Fisher Scientific, Inc. (b) | 186,254 | ||
294 | Waters Corp. (a) | 105,046 | ||
1,059,488 | ||||
Machinery – 0.3% | ||||
4,266 | Kennametal, Inc. | 146,025 | ||
Media – 2.3% | ||||
26,723 | Altice USA, Inc., Class A (a) (b) | 553,701 | ||
3,782 | AMC Networks, Inc., Class A (a) | 176,203 | ||
2,363 | Nexstar Media Group, Inc., Class A | 359,081 | ||
1,088,985 | ||||
Metals & Mining – 5.0% | ||||
2,892 | Alcoa Corp. (a) | 141,535 | ||
7,191 | AngloGold Ashanti Ltd., ADR | 114,984 | ||
5,879 | Barrick Gold Corp. | 106,116 | ||
17,957 | Cia de Minas Buenaventura SAA, ADR (a) | 121,389 | ||
13,855 | Eldorado Gold Corp. (a) | 107,099 | ||
9,493 | First Majestic Silver Corp. | 107,271 | ||
812 | Franco-Nevada Corp. | 105,487 | ||
3,461 | Freeport-McMoRan, Inc. | 112,586 | ||
19,975 | Kinross Gold Corp. (b) | 107,066 | ||
2,987 | Kirkland Lake Gold Ltd. | 124,229 | ||
6,385 | MAG Silver Corp. (a) | 103,437 | ||
2,039 | Newmont Corp. | 110,718 | ||
984 | Nucor Corp. | 96,914 | ||
4,679 | Pan American Silver Corp. | 108,880 | ||
11,778 | Pretium Resources, Inc. (a) | 113,540 | ||
782 | Reliance Steel & Aluminum Co. | 111,373 | ||
1,054 | Royal Gold, Inc. | 100,647 | ||
18,319 | Sandstorm Gold Ltd. (a) | 105,518 | ||
15,641 | SilverCrest Metals, Inc. (a) | 109,174 | ||
7,322 | SSR Mining, Inc. | 106,535 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Metals & Mining (Continued) | ||||
2,673 | Wheaton Precious Metals Corp. | $100,451 | ||
2,314,949 | ||||
Multiline Retail – 0.5% | ||||
5,562 | Big Lots, Inc. | 241,168 | ||
Oil, Gas & Consumable Fuels – 8.4% | ||||
9,708 | Antero Resources Corp. (a) | 182,607 | ||
6,885 | APA Corp. | 147,546 | ||
3,364 | Bonanza Creek Energy, Inc. | 161,136 | ||
1,221 | Chevron Corp. | 123,870 | ||
10,990 | CNX Resources Corp. (a) | 138,694 | ||
2,151 | ConocoPhillips | 145,773 | ||
9,217 | CVR Energy, Inc. | 153,555 | ||
7,942 | Delek US Holdings, Inc. (a) | 142,718 | ||
1,632 | Diamondback Energy, Inc. | 154,501 | ||
1,750 | EOG Resources, Inc. | 140,473 | ||
2,151 | Exxon Mobil Corp. | 126,522 | ||
3,517 | Green Plains, Inc. (a) | 114,830 | ||
3,917 | HollyFrontier Corp. | 129,770 | ||
8,529 | Magnolia Oil & Gas Corp., Class A | 151,731 | ||
10,478 | Marathon Oil Corp. | 143,234 | ||
2,084 | Marathon Petroleum Corp. | 128,812 | ||
5,822 | Murphy Oil Corp. | 145,375 | ||
5,053 | Occidental Petroleum Corp. (b) | 149,468 | ||
4,823 | Ovintiv, Inc. | 158,580 | ||
13,124 | PBF Energy, Inc., Class A (a) | 170,218 | ||
3,071 | PDC Energy, Inc. | 145,535 | ||
1,729 | Phillips 66 | 121,082 | ||
813 | Pioneer Natural Resources Co. | 135,373 | ||
9,177 | Range Resources Corp. (a) | 207,676 | ||
2,409 | Renewable Energy Group, Inc. (a) | 120,932 | ||
8,878 | Scorpio Tankers, Inc. | 164,598 | ||
1,890 | Valero Energy Corp. | 133,377 | ||
3,937,986 | ||||
Pharmaceuticals – 3.2% | ||||
2,035 | Bristol-Myers Squibb Co. | 120,411 | ||
949 | Catalent, Inc. (a) | 126,283 | ||
662 | Eli Lilly & Co. | 152,955 | ||
2,375 | Johnson & Johnson (b) | 383,563 | ||
2,139 | Merck & Co., Inc. | 160,660 | ||
2,856 | Perrigo Co. PLC | 135,175 | ||
4,332 | Pfizer, Inc. | 186,319 | ||
7,950 | Viatris, Inc. | 107,723 | ||
572 | Zoetis, Inc. | 111,048 | ||
1,484,137 | ||||
Road & Rail – 1.1% | ||||
1,303 | Avis Budget Group, Inc. (a) | 151,813 | ||
4,178 | Ryder System, Inc. | 345,562 | ||
497,375 | ||||
Semiconductors & Semiconductor Equipment – 1.4% | ||||
687 | Enphase Energy, Inc. (a) | 103,029 | ||
6,672 | Magnachip Semiconductor Corp. (a) | 118,495 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Semiconductors & Semiconductor Equipment (Continued) | ||||
2,096 | NVIDIA Corp. | $434,207 | ||
655,731 | ||||
Software – 4.7% | ||||
9,666 | Avaya Holdings Corp. (a) | 191,290 | ||
6,694 | Microsoft Corp. (b) | 1,887,173 | ||
455 | salesforce.com, Inc. (a) | 123,405 | ||
2,201,868 | ||||
Specialty Retail – 2.1% | ||||
10,565 | Academy Sports & Outdoors, Inc. (a) | 422,811 | ||
72 | AutoZone, Inc. (a) | 122,255 | ||
4,360 | Bed Bath & Beyond, Inc. (a) | 75,319 | ||
1,244 | Group 1 Automotive, Inc. | 233,723 | ||
196 | O’Reilly Automotive, Inc. (a) | 119,768 | ||
973,876 | ||||
Technology Hardware, Storage & Peripherals – 4.5% | ||||
14,852 | Apple, Inc. (b) | 2,101,558 | ||
Total Common Stocks | 43,693,218 | |||
(Cost $40,095,297) | ||||
REAL ESTATE INVESTMENT TRUSTS – 4.6% | ||||
Equity Real Estate Investment Trusts – 0.8% | ||||
3,181 | SL Green Realty Corp. | 225,342 | ||
3,434 | Weyerhaeuser Co. | 122,147 | ||
347,489 | ||||
Mortgage Real Estate Investment Trusts – 3.8% | ||||
45,172 | AGNC Investment Corp. (b) | 712,363 | ||
74,667 | Annaly Capital Management, Inc. (b) | 628,696 | ||
39,733 | New Residential Investment Corp. | 437,063 | ||
1,778,122 | ||||
Total Real Estate Investment Trusts | 2,125,611 | |||
(Cost $2,098,932) | ||||
Units | Description | Value | ||
MASTER LIMITED PARTNERSHIPS – 0.9% | ||||
Independent Power & Renewable Electricity Producers – 0.4% | ||||
2,268 | NextEra Energy Partners, L.P. (c) | 170,917 | ||
Oil, Gas & Consumable Fuels – 0.5% | ||||
11,667 | Black Stone Minerals, L.P. | 140,587 | ||
3,183 | Sunoco, L.P. | 118,790 | ||
259,377 | ||||
Total Master Limited Partnerships | 430,294 | |||
(Cost $392,309) | ||||
Total Investments – 99.3% | 46,249,123 | |||
(Cost $42,586,538) (d) |
Number of Contracts | Description | Notional Amount | Exercise Price | Expiration Date | Value | |||||
CALL OPTIONS WRITTEN – (0.3)% | ||||||||||
(5) | S&P 500® Index | $(2,153,770) | $4,375.00 | 10/15/21 | $(16,500) | |||||
(10) | S&P 500® Index | (4,307,540) | 4,400.00 | 10/15/21 | (22,510) | |||||
(10) | S&P 500® Index | (4,307,540) | 4,425.00 | 10/15/21 | (14,600) | |||||
(10) | S&P 500® Index | (4,307,540) | 4,500.00 | 11/19/21 | (25,500) | |||||
(12) | S&P 500® Index | (5,169,048) | 4,600.00 | 11/19/21 | (7,800) | |||||
(7) | S&P 500® Index | (3,015,278) | 4,525.00 | 12/17/21 | (31,738) | |||||
(10) | S&P 500® Index | (4,307,540) | 4,650.00 | 12/17/21 | (13,670) | |||||
Total Call Options Written | (132,318) | |||||||||
(Premiums received $564,756) (d) |
Net Other Assets and Liabilities – 1.0% | 458,271 | ||
Net Assets – 100.0% | $46,575,076 |
(a) | Non-income producing security. |
(b) | All or a portion of this security is pledged to cover options written. |
(c) | This security is taxed as a “C” corporation for federal income tax purposes. |
(d) | Aggregate cost for federal income tax purposes was $42,572,045. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $5,300,156 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $1,755,396. The net unrealized appreciation was $3,544,760. The amounts presented are inclusive of derivative contracts. |
ADR | American Depositary Receipt |
ASSETS TABLE | ||||
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 43,693,218 | $ 43,693,218 | $ — | $ — |
Real Estate Investment Trusts* | 2,125,611 | 2,125,611 | — | — |
Master Limited Partnerships* | 430,294 | 430,294 | — | — |
Total Investments | $ 46,249,123 | $ 46,249,123 | $— | $— |
LIABILITIES TABLE | ||||
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Call Options Written | $ (132,318) | $ (132,318) | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 92.7% | ||||
Aerospace & Defense – 0.7% | ||||
1,402 | Maxar Technologies, Inc. | $39,704 | ||
282 | Raytheon Technologies Corp. | 24,241 | ||
63,945 | ||||
Auto Components – 0.4% | ||||
2,607 | Tenneco, Inc., Class A (a) | 37,202 | ||
Automobiles – 1.2% | ||||
142 | Tesla, Inc. (a) | 110,118 | ||
Banks – 12.1% | ||||
509 | Ameris Bancorp | 26,407 | ||
2,529 | Associated Banc-Corp. | 54,171 | ||
1,222 | BancorpSouth Bank | 36,391 | ||
714 | Hilltop Holdings, Inc. | 23,326 | ||
4,970 | Huntington Bancshares, Inc. (b) | 76,836 | ||
564 | JPMorgan Chase & Co. (b) | 92,321 | ||
1,311 | M&T Bank Corp. (b) | 195,785 | ||
1,276 | PNC Financial Services Group (The), Inc. (b) | 249,637 | ||
572 | Prosperity Bancshares, Inc. (b) | 40,686 | ||
2,019 | Regions Financial Corp. | 43,025 | ||
750 | United Bankshares, Inc. | 27,285 | ||
2,941 | US Bancorp (b) | 174,813 | ||
2,521 | Wells Fargo & Co. (b) | 117,000 | ||
1,157,683 | ||||
Beverages – 0.2% | ||||
425 | Coca-Cola (The) Co. | 22,300 | ||
Biotechnology – 2.0% | ||||
298 | AbbVie, Inc. | 32,145 | ||
116 | Amgen, Inc. | 24,668 | ||
69 | Biogen, Inc. (a) | 19,526 | ||
331 | Gilead Sciences, Inc. | 23,120 | ||
318 | Incyte Corp. (a) | 21,872 | ||
61 | Moderna, Inc. (a) | 23,477 | ||
36 | Regeneron Pharmaceuticals, Inc. (a) | 21,787 | ||
121 | Vertex Pharmaceuticals, Inc. (a) | 21,948 | ||
188,543 | ||||
Capital Markets – 0.9% | ||||
759 | Northern Trust Corp. (b) | 81,828 | ||
Chemicals – 3.9% | ||||
105 | Albemarle Corp. | 22,992 | ||
534 | CF Industries Holdings, Inc. | 29,808 | ||
737 | Chemours (The) Co. | 21,417 | ||
571 | Corteva, Inc. | 24,028 | ||
385 | Dow, Inc. | 22,161 | ||
325 | DuPont de Nemours, Inc. | 22,097 | ||
214 | Eastman Chemical Co. | 21,558 | ||
108 | Ecolab, Inc. | 22,531 | ||
1,042 | Element Solutions, Inc. | 22,591 | ||
270 | FMC Corp. | 24,721 | ||
304 | Ingevity Corp. (a) | 21,697 | ||
239 | LyondellBasell Industries N.V., Class A | 22,430 | ||
148 | PPG Industries, Inc. | 21,165 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Chemicals (Continued) | ||||
284 | RPM International, Inc. | $22,053 | ||
802 | Valvoline, Inc. | 25,006 | ||
288 | Westlake Chemical Corp. | 26,248 | ||
372,503 | ||||
Commercial Services & Supplies – 0.3% | ||||
363 | Stericycle, Inc. (a) | 24,673 | ||
Construction & Engineering – 0.7% | ||||
1,040 | AECOM (a) | 65,676 | ||
Consumer Finance – 0.8% | ||||
191 | Capital One Financial Corp. | 30,936 | ||
951 | Synchrony Financial | 46,485 | ||
77,421 | ||||
Containers & Packaging – 0.3% | ||||
1,852 | O-I Glass, Inc. (a) | 26,428 | ||
Diversified Consumer Services – 1.1% | ||||
2,504 | H&R Block, Inc. | 62,600 | ||
926 | Terminix Global Holdings, Inc. (a) | 38,587 | ||
101,187 | ||||
Diversified Financial Services – 1.0% | ||||
349 | Berkshire Hathaway, Inc., Class B (a) | 95,256 | ||
Diversified Telecommunication Services – 2.0% | ||||
1,021 | AT&T, Inc. | 27,577 | ||
13,178 | Lumen Technologies, Inc. (b) | 163,276 | ||
190,853 | ||||
Electrical Equipment – 0.2% | ||||
2,251 | GrafTech International Ltd. | 23,230 | ||
Energy Equipment & Services – 0.9% | ||||
11,300 | TechnipFMC PLC (a) | 85,089 | ||
Food & Staples Retailing – 0.9% | ||||
1,101 | Albertsons Cos., Inc., Class A | 34,274 | ||
1,052 | United Natural Foods, Inc. (a) | 50,938 | ||
85,212 | ||||
Food Products – 2.1% | ||||
3,633 | Campbell Soup Co. (b) | 151,896 | ||
184 | JM Smucker (The) Co. | 22,085 | ||
1,077 | Nomad Foods Ltd. (a) | 29,682 | ||
203,663 | ||||
Health Care Equipment & Supplies – 5.5% | ||||
296 | Abbott Laboratories | 34,967 | ||
68 | ABIOMED, Inc. (a) | 22,135 | ||
35 | Align Technology, Inc. (a) | 23,290 | ||
321 | Baxter International, Inc. | 25,818 | ||
96 | Becton Dickinson and Co. | 23,599 | ||
545 | Boston Scientific Corp. (a) | 23,648 | ||
54 | Cooper (The) Cos., Inc. | 22,319 | ||
109 | Danaher Corp. | 33,184 | ||
403 | DENTSPLY SIRONA, Inc. | 23,394 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Health Care Equipment & Supplies (Continued) | ||||
47 | DexCom, Inc. (a) | $25,702 | ||
204 | Edwards Lifesciences Corp. (a) | 23,095 | ||
310 | Hologic, Inc. (a) | 22,881 | ||
36 | IDEXX Laboratories, Inc. (a) | 22,388 | ||
23 | Intuitive Surgical, Inc. (a) | 22,866 | ||
244 | Medtronic PLC | 30,585 | ||
84 | ResMed, Inc. | 22,138 | ||
112 | STERIS PLC | 22,879 | ||
91 | Stryker Corp. | 23,999 | ||
63 | Teleflex, Inc. | 23,723 | ||
54 | West Pharmaceutical Services, Inc. | 22,925 | ||
165 | Zimmer Biomet Holdings, Inc. | 24,149 | ||
519,684 | ||||
Health Care Providers & Services – 3.8% | ||||
200 | AmerisourceBergen Corp. | 23,890 | ||
460 | Cardinal Health, Inc. (b) | 22,752 | ||
115 | Cigna Corp. | 23,018 | ||
1,921 | Community Health Systems, Inc. (a) | 22,476 | ||
283 | CVS Health Corp. | 24,015 | ||
181 | DaVita, Inc. (a) | 21,043 | ||
96 | HCA Healthcare, Inc. | 23,301 | ||
317 | Henry Schein, Inc. (a) | 24,143 | ||
58 | Humana, Inc. | 22,571 | ||
79 | Laboratory Corp of America Holdings (a) | 22,234 | ||
119 | McKesson Corp. | 23,726 | ||
160 | Quest Diagnostics, Inc. | 23,249 | ||
173 | UnitedHealth Group, Inc. | 67,598 | ||
157 | Universal Health Services, Inc., Class B | 21,724 | ||
365,740 | ||||
Health Care Technology – 0.8% | ||||
2,199 | Allscripts Healthcare Solutions, Inc. (a) | 29,400 | ||
309 | Cerner Corp. | 21,791 | ||
4,008 | Multiplan Corp. (a) | 22,565 | ||
73,756 | ||||
Hotels, Restaurants & Leisure – 0.3% | ||||
170 | Expedia Group, Inc. (a) | 27,863 | ||
Household Durables – 0.2% | ||||
889 | Taylor Morrison Home Corp. (a) | 22,918 | ||
Independent Power & Renewable Electricity Producers – 0.4% | ||||
1,991 | Vistra Corp. | 34,046 | ||
Industrial Conglomerates – 2.3% | ||||
2,089 | General Electric Co. (b) | 215,230 | ||
Insurance – 0.2% | ||||
525 | Axis Capital Holdings Ltd. | 24,171 | ||
Interactive Media & Services – 4.7% | ||||
56 | Alphabet, Inc., Class A (a) | 149,717 | ||
56 | Alphabet, Inc., Class C (a) | 149,258 | ||
436 | Facebook, Inc., Class A (a) | 147,974 | ||
446,949 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Internet & Direct Marketing Retail – 3.2% | ||||
78 | Amazon.com, Inc. (a) (b) | $256,233 | ||
5,257 | Qurate Retail, Inc., Series A | 53,569 | ||
309,802 | ||||
IT Services – 3.5% | ||||
1,338 | Alliance Data Systems Corp. (b) | 134,991 | ||
3,249 | DXC Technology Co. (a) | 109,199 | ||
172 | International Business Machines Corp. | 23,896 | ||
307 | Visa, Inc., Class A (b) | 68,384 | ||
336,470 | ||||
Leisure Products – 0.6% | ||||
2,986 | Smith & Wesson Brands, Inc. | 61,989 | ||
Life Sciences Tools & Services – 2.3% | ||||
142 | Agilent Technologies, Inc. | 22,369 | ||
31 | Bio-Rad Laboratories, Inc., Class A (a) | 23,124 | ||
56 | Charles River Laboratories International, Inc. (a) | 23,110 | ||
50 | Illumina, Inc. (a) | 20,280 | ||
94 | IQVIA Holdings, Inc. (a) | 22,517 | ||
16 | Mettler-Toledo International, Inc. (a) | 22,038 | ||
132 | PerkinElmer, Inc. | 22,874 | ||
66 | Thermo Fisher Scientific, Inc. | 37,708 | ||
60 | Waters Corp. (a) | 21,438 | ||
215,458 | ||||
Machinery – 0.3% | ||||
865 | Kennametal, Inc. | 29,609 | ||
Media – 2.3% | ||||
5,394 | Altice USA, Inc., Class A (a) (b) | 111,764 | ||
768 | AMC Networks, Inc., Class A (a) | 35,781 | ||
475 | Nexstar Media Group, Inc., Class A | 72,181 | ||
219,726 | ||||
Metals & Mining – 4.9% | ||||
588 | Alcoa Corp. (a) | 28,777 | ||
1,464 | AngloGold Ashanti Ltd., ADR | 23,409 | ||
1,196 | Barrick Gold Corp. | 21,588 | ||
3,627 | Cia de Minas Buenaventura SAA, ADR (a) | 24,519 | ||
2,821 | Eldorado Gold Corp. (a) | 21,806 | ||
1,925 | First Majestic Silver Corp. | 21,752 | ||
165 | Franco-Nevada Corp. | 21,435 | ||
701 | Freeport-McMoRan, Inc. | 22,804 | ||
4,063 | Kinross Gold Corp. | 21,778 | ||
607 | Kirkland Lake Gold Ltd. | 25,245 | ||
1,293 | MAG Silver Corp. (a) | 20,947 | ||
415 | Newmont Corp. | 22,534 | ||
200 | Nucor Corp. | 19,698 | ||
949 | Pan American Silver Corp. | 22,083 | ||
2,397 | Pretium Resources, Inc. (a) | 23,107 | ||
159 | Reliance Steel & Aluminum Co. | 22,645 | ||
214 | Royal Gold, Inc. | 20,435 | ||
3,726 | Sandstorm Gold Ltd. (a) | 21,462 | ||
3,179 | SilverCrest Metals, Inc. (a) | 22,189 | ||
1,490 | SSR Mining, Inc. | 21,679 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Metals & Mining (Continued) | ||||
544 | Wheaton Precious Metals Corp. | $20,444 | ||
470,336 | ||||
Multiline Retail – 0.5% | ||||
1,131 | Big Lots, Inc. | 49,040 | ||
Oil, Gas & Consumable Fuels – 8.4% | ||||
1,970 | Antero Resources Corp. (a) | 37,056 | ||
1,391 | APA Corp. | 29,809 | ||
683 | Bonanza Creek Energy, Inc. | 32,716 | ||
248 | Chevron Corp. | 25,160 | ||
2,230 | CNX Resources Corp. (a) | 28,143 | ||
437 | ConocoPhillips | 29,615 | ||
1,876 | CVR Energy, Inc. | 31,254 | ||
1,608 | Delek US Holdings, Inc. (a) | 28,896 | ||
331 | Diamondback Energy, Inc. | 31,336 | ||
355 | EOG Resources, Inc. | 28,496 | ||
438 | Exxon Mobil Corp. | 25,763 | ||
712 | Green Plains, Inc. (a) | 23,247 | ||
795 | HollyFrontier Corp. | 26,338 | ||
1,727 | Magnolia Oil & Gas Corp., Class A | 30,723 | ||
2,122 | Marathon Oil Corp. | 29,008 | ||
423 | Marathon Petroleum Corp. | 26,146 | ||
1,180 | Murphy Oil Corp. | 29,465 | ||
1,025 | Occidental Petroleum Corp. | 30,319 | ||
978 | Ovintiv, Inc. | 32,157 | ||
2,675 | PBF Energy, Inc., Class A (a) | 34,695 | ||
624 | PDC Energy, Inc. | 29,571 | ||
351 | Phillips 66 | 24,580 | ||
165 | Pioneer Natural Resources Co. | 27,474 | ||
1,864 | Range Resources Corp. (a) | 42,182 | ||
487 | Renewable Energy Group, Inc. (a) | 24,447 | ||
1,811 | Scorpio Tankers, Inc. | 33,576 | ||
383 | Valero Energy Corp. | 27,028 | ||
799,200 | ||||
Pharmaceuticals – 3.2% | ||||
415 | Bristol-Myers Squibb Co. | 24,556 | ||
193 | Catalent, Inc. (a) | 25,683 | ||
135 | Eli Lilly & Co. | 31,192 | ||
477 | Johnson & Johnson | 77,035 | ||
435 | Merck & Co., Inc. | 32,673 | ||
580 | Perrigo Co. PLC | 27,451 | ||
879 | Pfizer, Inc. (b) | 37,806 | ||
1,622 | Viatris, Inc. | 21,978 | ||
116 | Zoetis, Inc. | 22,520 | ||
300,894 | ||||
Road & Rail – 1.1% | ||||
266 | Avis Budget Group, Inc. (a) | 30,992 | ||
850 | Ryder System, Inc. | 70,303 | ||
101,295 | ||||
Semiconductors & Semiconductor Equipment – 1.4% | ||||
140 | Enphase Energy, Inc. (a) | 20,996 | ||
1,357 | Magnachip Semiconductor Corp. (a) | 24,100 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Semiconductors & Semiconductor Equipment (Continued) | ||||
422 | NVIDIA Corp. | $87,422 | ||
132,518 | ||||
Software – 4.6% | ||||
1,956 | Avaya Holdings Corp. (a) | 38,709 | ||
1,345 | Microsoft Corp. (b) | 379,182 | ||
93 | salesforce.com, Inc. (a) | 25,224 | ||
443,115 | ||||
Specialty Retail – 2.1% | ||||
2,111 | Academy Sports & Outdoors, Inc. (a) | 84,482 | ||
15 | AutoZone, Inc. (a) | 25,470 | ||
885 | Bed Bath & Beyond, Inc. (a) | 15,288 | ||
252 | Group 1 Automotive, Inc. | 47,346 | ||
40 | O’Reilly Automotive, Inc. (a) | 24,443 | ||
197,029 | ||||
Technology Hardware, Storage & Peripherals – 4.4% | ||||
2,982 | Apple, Inc. (b) | 421,953 | ||
Total Common Stocks | 8,831,601 | |||
(Cost $8,409,279) | ||||
REAL ESTATE INVESTMENT TRUSTS – 4.5% | ||||
Equity Real Estate Investment Trusts – 0.7% | ||||
648 | SL Green Realty Corp. | 45,904 | ||
698 | Weyerhaeuser Co. | 24,828 | ||
70,732 | ||||
Mortgage Real Estate Investment Trusts – 3.8% | ||||
9,092 | AGNC Investment Corp. (b) | 143,381 | ||
15,015 | Annaly Capital Management, Inc. (b) | 126,426 | ||
7,994 | New Residential Investment Corp. | 87,934 | ||
357,741 | ||||
Total Real Estate Investment Trusts | 428,473 | |||
(Cost $426,006) | ||||
Units | Description | Value | ||
MASTER LIMITED PARTNERSHIPS – 0.9% | ||||
Independent Power & Renewable Electricity Producers – 0.4% | ||||
462 | NextEra Energy Partners, L.P. (c) | 34,816 | ||
Oil, Gas & Consumable Fuels – 0.5% | ||||
2,359 | Black Stone Minerals, L.P. | 28,426 | ||
646 | Sunoco, L.P. | 24,109 | ||
52,535 | ||||
Total Master Limited Partnerships | 87,351 | |||
(Cost $79,914) | ||||
Total Investments – 98.1% | 9,347,425 | |||
(Cost $8,915,199) (d) |
Number of Contracts | Description | Notional Amount | Exercise Price | Expiration Date | Value | |||||
PUT OPTIONS PURCHASED – 1.7% | ||||||||||
1 | S&P 500® Index | $430,754 | $3,500.00 | 03/18/22 | $6,600 | |||||
3 | S&P 500® Index | 1,292,262 | 3,875.00 | 03/18/22 | 34,635 | |||||
3 | S&P 500® Index | 1,292,262 | 4,000.00 | 06/17/22 | 60,570 | |||||
2 | S&P 500® Index | 861,508 | 4,100.00 | 09/16/22 | 57,900 | |||||
Total Put Options Purchased | 159,705 | |||||||||
(Cost $181,431) (d) | ||||||||||
WRITTEN OPTIONS – (0.7)% | ||||||||||
CALL OPTIONS WRITTEN – (0.4)% | ||||||||||
(1) | S&P 500® Index | (430,754) | 4,375.00 | 10/15/21 | (3,300) | |||||
(5) | S&P 500® Index | (2,153,770) | 4,400.00 | 10/15/21 | (11,255) | |||||
(1) | S&P 500® Index | (430,754) | 4,500.00 | 11/19/21 | (2,550) | |||||
(3) | S&P 500® Index | (1,292,262) | 4,525.00 | 12/17/21 | (13,602) | |||||
(3) | S&P 500® Index | (1,292,262) | 4,650.00 | 12/17/21 | (4,101) | |||||
Total Call Options Written | (34,808) | |||||||||
(Premiums received $127,690) | ||||||||||
PUT OPTIONS WRITTEN – (0.3)% | ||||||||||
(2) | S&P 500® Index | (861,508) | 3,500.00 | 09/16/22 | (29,460) | |||||
(Premiums received $24,391) | ||||||||||
Total Written Options | (64,268) | |||||||||
(Premiums received $152,081) (d) |
Net Other Assets and Liabilities – 0.9% | 84,072 | ||
Net Assets – 100.0% | $9,526,934 |
(a) | Non-income producing security. |
(b) | All or a portion of this security is pledged to cover options written. |
(c) | This security is taxed as a “C” corporation for federal income tax purposes. |
(d) | Aggregate cost for federal income tax purposes was $9,031,859. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $764,325 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $353,322. The net unrealized appreciation was $411,003. The amounts presented are inclusive of derivative contracts. |
ADR | American Depositary Receipt |
ASSETS TABLE | ||||
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 8,831,601 | $ 8,831,601 | $ — | $ — |
Real Estate Investment Trusts* | 428,473 | 428,473 | — | — |
Master Limited Partnerships* | 87,351 | 87,351 | — | — |
Total Investments | 9,347,425 | 9,347,425 | — | — |
Put Options Purchased | 159,705 | 159,705 | — | — |
Total | $ 9,507,130 | $ 9,507,130 | $— | $— |
LIABILITIES TABLE | ||||
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Call Options Written | $ (34,808) | $ (34,808) | $ — | $ — |
Put Options Written | (29,460) | — | (29,460) | — |
Total | $ (64,268) | $ (34,808) | $ (29,460) | $— |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 99.9% | ||||
Banks – 10.5% | ||||
2,880,663 | Bank of America Corp. | $122,284,144 | ||
1,667,590 | Citigroup, Inc. | 117,031,466 | ||
739,879 | JPMorgan Chase & Co. | 121,110,794 | ||
617,520 | PNC Financial Services Group (The), Inc. | 120,811,613 | ||
1,593,166 | Popular, Inc. | 123,741,203 | ||
604,979,220 | ||||
Capital Markets – 8.0% | ||||
2,280,909 | Bank of New York Mellon (The) Corp. | 118,242,322 | ||
298,027 | Goldman Sachs Group (The), Inc. | 112,663,147 | ||
3,192,844 | Jefferies Financial Group, Inc. | 118,550,298 | ||
1,146,584 | Morgan Stanley | 111,574,089 | ||
461,029,856 | ||||
Chemicals – 2.0% | ||||
445,564 | Air Products & Chemicals, Inc. | 114,113,396 | ||
Communications Equipment – 1.9% | ||||
2,052,241 | Cisco Systems, Inc. | 111,703,478 | ||
Consumer Finance – 4.1% | ||||
2,223,557 | Ally Financial, Inc. | 113,512,585 | ||
711,732 | American Express Co. | 119,236,462 | ||
232,749,047 | ||||
Entertainment – 2.0% | ||||
1,466,443 | Activision Blizzard, Inc. | 113,488,024 | ||
Food Products – 2.0% | ||||
1,869,941 | Archer-Daniels-Midland Co. | 112,215,159 | ||
Health Care Providers & Services – 3.9% | ||||
307,397 | Anthem, Inc. | 114,597,602 | ||
286,075 | Humana, Inc. | 111,326,086 | ||
225,923,688 | ||||
Household Durables – 3.8% | ||||
1,284,912 | DR Horton, Inc. | 107,894,061 | ||
2,398,680 | PulteGroup, Inc. | 110,147,385 | ||
218,041,446 | ||||
Industrial Conglomerates – 2.0% | ||||
533,975 | Honeywell International, Inc. | 113,352,213 | ||
Insurance – 10.0% | ||||
2,160,875 | Aflac, Inc. | 112,646,414 | ||
890,363 | Allstate (The) Corp. | 113,352,113 | ||
2,531,850 | Fidelity National Financial, Inc. | 114,794,079 | ||
1,677,155 | Hartford Financial Services Group (The), Inc. | 117,820,139 |
Shares | Description | Value | ||
Insurance (Continued) | ||||
1,890,248 | MetLife, Inc. | $116,685,009 | ||
575,297,754 | ||||
IT Services – 10.1% | ||||
347,849 | Accenture PLC, Class A | 111,283,852 | ||
587,243 | Automatic Data Processing, Inc. | 117,401,621 | ||
1,545,654 | Cognizant Technology Solutions Corp., Class A | 114,702,983 | ||
340,114 | Mastercard, Inc., Class A | 118,250,836 | ||
526,138 | Visa, Inc., Class A | 117,197,239 | ||
578,836,531 | ||||
Leisure Products – 2.0% | ||||
1,197,474 | Brunswick Corp. | 114,083,348 | ||
Machinery – 4.0% | ||||
512,395 | Cummins, Inc. | 115,063,421 | ||
546,196 | Snap-on, Inc. | 114,127,654 | ||
229,191,075 | ||||
Media – 2.2% | ||||
3,093,888 | Fox Corp., Class A | 124,095,848 | ||
Metals & Mining – 2.0% | ||||
2,112,763 | Newmont Corp. | 114,723,031 | ||
Paper & Forest Products – 2.0% | ||||
1,911,396 | Louisiana-Pacific Corp. | 117,302,373 | ||
Semiconductors & Semiconductor Equipment – 13.5% | ||||
828,625 | Applied Materials, Inc. | 106,668,896 | ||
2,150,156 | Intel Corp. | 114,560,312 | ||
191,563 | Lam Research Corp. | 109,028,081 | ||
532,704 | NVIDIA Corp. | 110,354,961 | ||
873,240 | QUALCOMM, Inc. | 112,630,495 | ||
665,670 | Skyworks Solutions, Inc. | 109,689,102 | ||
594,484 | Texas Instruments, Inc. | 114,265,770 | ||
777,197,617 | ||||
Software – 4.0% | ||||
389,061 | Microsoft Corp. | 109,684,077 | ||
1,350,403 | Oracle Corp. | 117,660,614 | ||
227,344,691 | ||||
Specialty Retail – 3.9% | ||||
1,064,281 | Best Buy Co., Inc. | 112,505,144 | ||
629,412 | Williams-Sonoma, Inc. | 111,613,630 | ||
224,118,774 | ||||
Technology Hardware, Storage & Peripherals – 6.0% | ||||
798,748 | Apple, Inc. | 113,022,842 | ||
4,214,937 | HP, Inc. | 115,320,676 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Technology Hardware, Storage & Peripherals (Continued) | ||||
1,296,130 | NetApp, Inc. | $116,340,629 | ||
344,684,147 | ||||
Total Investments – 99.9% | 5,734,470,716 | |||
(Cost $5,249,244,306) (a) | ||||
Net Other Assets and Liabilities – 0.1% | 5,184,523 | |||
Net Assets – 100.0% | $5,739,655,239 |
(a) | Aggregate cost for federal income tax purposes was $5,282,077,368. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $562,639,434 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $110,246,086. The net unrealized appreciation was $452,393,348. |
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 5,734,470,716 | $ 5,734,470,716 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
EXCHANGE-TRADED FUNDS – 99.9% | ||||
Capital Markets (a) – 99.9% | ||||
9,340,644 | First Trust Consumer Discretionary AlphaDEX® Fund | $552,125,467 | ||
9,633,385 | First Trust Industrials/Producer Durables AlphaDEX® Fund | 552,378,296 | ||
16,655,601 | First Trust Nasdaq Transportation ETF | 513,660,400 | ||
3,453,970 | First Trust NASDAQ-100- Technology Sector Index Fund | 545,036,466 | ||
4,303,653 | First Trust Technology AlphaDEX® Fund | 528,789,844 | ||
Total Investments – 99.9% | 2,691,990,473 | |||
(Cost $1,720,599,494) (b) | ||||
Net Other Assets and Liabilities – 0.1% | 2,196,695 | |||
Net Assets – 100.0% | $2,694,187,168 |
(a) | Represents investments in affiliated funds. |
(b) | Aggregate cost for federal income tax purposes was $1,721,533,121. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $970,491,772 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $34,420. The net unrealized appreciation was $970,457,352. |
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Exchange-Traded Funds* | $ 2,691,990,473 | $ 2,691,990,473 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 99.8% | ||||
Banks – 10.5% | ||||
28,614 | 1st Source Corp. | $1,351,725 | ||
55,937 | Associated Banc-Corp. | 1,198,170 | ||
79,409 | First Commonwealth Financial Corp. | 1,082,345 | ||
48,075 | First Financial Bancorp | 1,125,436 | ||
41,418 | First Financial Corp. | 1,741,627 | ||
27,134 | First Merchants Corp. | 1,135,287 | ||
94,106 | FNB Corp. | 1,093,512 | ||
69,927 | Fulton Financial Corp. | 1,068,485 | ||
30,028 | German American Bancorp, Inc. | 1,159,982 | ||
24,678 | Heartland Financial USA, Inc. | 1,186,518 | ||
18,392 | Lakeland Financial Corp. | 1,310,246 | ||
36,769 | Mercantile Bank Corp. | 1,177,711 | ||
37,882 | MidWestOne Financial Group, Inc. | 1,142,521 | ||
67,857 | Old National Bancorp | 1,150,176 | ||
9,452 | Park National Corp. | 1,152,671 | ||
45,862 | Peoples Bancorp, Inc. | 1,449,698 | ||
23,529 | QCR Holdings, Inc. | 1,210,332 | ||
39,382 | West Bancorporation, Inc. | 1,182,641 | ||
14,609 | Wintrust Financial Corp. | 1,174,125 | ||
23,093,208 | ||||
Commercial Services & Supplies – 10.3% | ||||
70,470 | Clean Harbors, Inc. (a) | 7,319,719 | ||
349,759 | Covanta Holding Corp. | 7,037,151 | ||
85,825 | Heritage-Crystal Clean, Inc. (a) | 2,487,209 | ||
180,823 | U.S. Ecology, Inc. (a) | 5,849,624 | ||
22,693,703 | ||||
Construction & Engineering – 37.0% | ||||
310,047 | APi Group Corp. (a) | 6,309,456 | ||
117,387 | Arcosa, Inc. | 5,889,306 | ||
109,769 | Argan, Inc. | 4,793,612 | ||
84,526 | Comfort Systems USA, Inc. | 6,028,394 | ||
270,777 | Concrete Pumping Holdings, Inc. (a) | 2,312,436 | ||
120,033 | Construction Partners, Inc., Class A (a) | 4,005,501 | ||
40,788 | Dycom Industries, Inc. (a) | 2,905,737 | ||
53,241 | EMCOR Group, Inc. | 6,142,947 | ||
273,402 | Great Lakes Dredge & Dock Corp. (a) | 4,125,636 | ||
89,511 | Infrastructure and Energy Alternatives, Inc. (a) | 1,023,111 | ||
61,818 | MasTec, Inc. (a) | 5,333,657 | ||
71,474 | MYR Group, Inc. (a) | 7,111,663 | ||
63,018 | Northwest Pipe Co. (a) | 1,493,527 | ||
56,984 | NV5 Global, Inc. (a) | 5,616,913 | ||
189,339 | Primoris Services Corp. | 4,636,912 | ||
72,414 | Quanta Services, Inc. | 8,242,161 | ||
144,997 | Sterling Construction Co., Inc. (a) | 3,287,082 |
Shares | Description | Value | ||
Construction & Engineering (Continued) | ||||
181,603 | Tutor Perini Corp. (a) | $2,357,207 | ||
81,615,258 | ||||
Containers & Packaging – 3.1% | ||||
214,758 | TriMas Corp. (a) | 6,949,569 | ||
Electrical Equipment – 11.8% | ||||
136,434 | Array Technologies, Inc. (a) | 2,526,758 | ||
65,598 | Atkore International Group, Inc. (a) | 5,701,778 | ||
92,589 | Encore Wire Corp. | 8,780,215 | ||
136,338 | FTC Solar, Inc. (a) | 1,062,073 | ||
34,398 | Hubbell, Inc. | 6,214,686 | ||
63,816 | Shoals Technologies Group, Inc., Class A (a) | 1,779,190 | ||
26,064,700 | ||||
Machinery – 27.1% | ||||
104,940 | Astec Industries, Inc. | 5,646,822 | ||
108,127 | Blue Bird Corp. (a) | 2,255,529 | ||
124,567 | Douglas Dynamics, Inc. | 4,521,782 | ||
173,945 | Evoqua Water Technologies Corp. (a) | 6,533,374 | ||
166,287 | Federal Signal Corp. | 6,422,004 | ||
96,790 | Mayville Engineering Co., Inc. (a) | 1,819,652 | ||
433,532 | Mueller Water Products, Inc., Class A | 6,598,357 | ||
33,199 | Proto Labs, Inc. (a) | 2,211,053 | ||
33,378 | RBC Bearings, Inc. (a) | 7,082,812 | ||
111,229 | Shyft Group (The), Inc. | 4,227,814 | ||
102,520 | SPX Corp. (a) | 5,479,694 | ||
460,890 | Wabash National Corp. | 6,973,266 | ||
59,772,159 | ||||
Total Investments – 99.8% | 220,188,597 | |||
(Cost $212,755,939) (b) | ||||
Net Other Assets and Liabilities – 0.2% | 360,685 | |||
Net Assets – 100.0% | $220,549,282 |
(a) | Non-income producing security. |
(b) | Aggregate cost for federal income tax purposes was $214,640,007. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $21,601,667 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $16,053,077. The net unrealized appreciation was $5,548,590. |
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 220,188,597 | $ 220,188,597 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 71.6% | ||||
Banks – 19.7% | ||||
13,935 | Bank OZK | $598,926 | ||
22,916 | Citizens Financial Group, Inc. | 1,076,594 | ||
16,798 | Comerica, Inc. | 1,352,239 | ||
5,018 | Cullen/Frost Bankers, Inc. | 595,235 | ||
18,752 | Fifth Third Bancorp | 795,835 | ||
63,848 | First Horizon Corp. | 1,040,084 | ||
2,582 | JPMorgan Chase & Co. | 422,648 | ||
2,675 | PNC Financial Services Group (The), Inc. | 523,337 | ||
5,985 | Popular, Inc. | 464,855 | ||
12,957 | US Bancorp | 770,164 | ||
7,639,917 | ||||
Capital Markets – 10.0% | ||||
14,472 | Apollo Global Management, Inc. | 891,330 | ||
10,303 | Ares Management Corp., Class A | 760,671 | ||
5,166 | Blackstone, Inc. | 601,012 | ||
6,963 | Carlyle Group (The), Inc. | 329,211 | ||
32,259 | Franklin Resources, Inc. | 958,738 | ||
1,690 | T Rowe Price Group, Inc. | 332,423 | ||
3,873,385 | ||||
Chemicals – 5.1% | ||||
8,094 | CF Industries Holdings, Inc. | 451,807 | ||
3,719 | Eastman Chemical Co. | 374,652 | ||
12,405 | LyondellBasell Industries N.V., Class A | 1,164,209 | ||
1,990,668 | ||||
Consumer Finance – 3.1% | ||||
21,714 | OneMain Holdings, Inc. | 1,201,436 | ||
Energy Equipment & Services – 2.4% | ||||
38,224 | Baker Hughes Co. | 945,280 | ||
Food Products – 1.5% | ||||
7,164 | Bunge Ltd. | 582,576 | ||
Household Durables – 5.3% | ||||
19,042 | Leggett & Platt, Inc. | 853,843 | ||
36,718 | Newell Brands, Inc. | 812,937 | ||
2,013 | Whirlpool Corp. | 410,370 | ||
2,077,150 | ||||
Insurance – 8.3% | ||||
9,885 | Lincoln National Corp. | 679,594 | ||
18,555 | Principal Financial Group, Inc. | 1,194,942 | ||
13,052 | Prudential Financial, Inc. | 1,373,070 | ||
3,247,606 | ||||
Machinery – 1.6% | ||||
1,506 | Caterpillar, Inc. | 289,107 | ||
1,593 | Snap-on, Inc. | 332,857 | ||
621,964 |
Shares | Description | Value | ||
Media – 2.8% | ||||
29,775 | Interpublic Group of (The) Cos., Inc. | $1,091,849 | ||
Oil, Gas & Consumable Fuels – 3.9% | ||||
3,898 | EOG Resources, Inc. | 312,892 | ||
19,227 | Marathon Petroleum Corp. | 1,188,421 | ||
1,501,313 | ||||
Professional Services – 0.9% | ||||
3,217 | ManpowerGroup, Inc. | 348,337 | ||
Semiconductors & Semiconductor Equipment – 2.9% | ||||
1,578 | Broadcom, Inc. | 765,219 | ||
1,841 | Texas Instruments, Inc. | 353,859 | ||
1,119,078 | ||||
Technology Hardware, Storage & Peripherals – 3.0% | ||||
15,295 | HP, Inc. | 418,471 | ||
8,939 | Seagate Technology Holdings PLC | 737,646 | ||
1,156,117 | ||||
Trading Companies & Distributors – 1.1% | ||||
1,639 | Watsco, Inc. | 433,712 | ||
Total Common Stocks | 27,830,388 | |||
(Cost $26,281,513) | ||||
REAL ESTATE INVESTMENT TRUSTS – 28.0% | ||||
Equity Real Estate Investment Trusts – 23.2% | ||||
47,582 | Brixmor Property Group, Inc. | 1,052,038 | ||
2,230 | Extra Space Storage, Inc. | 374,618 | ||
44,562 | Kimco Realty Corp. | 924,661 | ||
5,822 | Lamar Advertising Co., Class A | 660,506 | ||
9,653 | Simon Property Group, Inc. | 1,254,600 | ||
16,403 | SL Green Realty Corp. | 1,161,989 | ||
31,782 | STORE Capital Corp. | 1,017,977 | ||
13,994 | Ventas, Inc. | 772,609 | ||
28,195 | Vornado Realty Trust | 1,184,472 | ||
7,467 | Welltower, Inc. | 615,281 | ||
9,018,751 |
Shares | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS (Continued) | ||||
Mortgage Real Estate Investment Trusts – 4.8% | ||||
76,065 | Starwood Property Trust, Inc. | $1,856,747 | ||
Total Real Estate Investment Trusts | 10,875,498 | |||
(Cost $10,299,711) | ||||
Total Investments – 99.6% | 38,705,886 | |||
(Cost $36,581,224) (a) | ||||
Net Other Assets and Liabilities – 0.4% | 157,539 | |||
Net Assets – 100.0% | $38,863,425 |
(a) | Aggregate cost for federal income tax purposes was $36,652,190. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $2,803,772 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $750,076. The net unrealized appreciation was $2,053,696. |
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 27,830,388 | $ 27,830,388 | $ — | $ — |
Real Estate Investment Trusts* | 10,875,498 | 10,875,498 | — | — |
Total Investments | $ 38,705,886 | $ 38,705,886 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
EXCHANGE-TRADED FUNDS – 99.9% | ||||
Capital Markets (a) – 99.9% | ||||
1,544,078 | First Trust BICK Index Fund | $52,406,007 | ||
949,747 | First Trust Germany AlphaDEX® Fund | 52,146,239 | ||
1,176,759 | First Trust India NIFTY 50 Equal Weight ETF | 57,888,541 | ||
775,222 | First Trust Switzerland AlphaDEX® Fund | 50,668,510 | ||
1,228,619 | First Trust United Kingdom AlphaDEX® Fund | 51,626,570 | ||
Total Investments – 99.9% | 264,735,867 | |||
(Cost $235,674,018) (b) | ||||
Net Other Assets and Liabilities – 0.1% | 234,023 | |||
Net Assets – 100.0% | $264,969,890 |
(a) | Represents investments in affiliated funds. |
(b) | Aggregate cost for federal income tax purposes was $235,788,515. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $31,978,943 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $3,031,591. The net unrealized appreciation was $28,947,352. |
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Exchange-Traded Funds* | $ 264,735,867 | $ 264,735,867 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
EXCHANGE-TRADED FUNDS – 99.9% | ||||
Capital Markets (a) – 99.9% | ||||
737,016 | First Trust Consumer Discretionary AlphaDEX® Fund | $43,565,016 | ||
760,114 | First Trust Industrials/Producer Durables AlphaDEX® Fund | 43,584,937 | ||
1,314,197 | First Trust Nasdaq Transportation ETF | 40,529,967 | ||
272,534 | First Trust NASDAQ-100-Technology Sector Index Fund | 43,005,865 | ||
339,579 | First Trust Technology AlphaDEX® Fund | 41,724,071 | ||
Total Investments – 99.9% | 212,409,856 | |||
(Cost $153,819,884) (b) | ||||
Net Other Assets and Liabilities – 0.1% | 198,916 | |||
Net Assets – 100.0% | $212,608,772 |
(a) | Represents investments in affiliated funds. |
(b) | Aggregate cost for federal income tax purposes was $153,819,884. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $58,589,972 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $0. The net unrealized appreciation was $58,589,972. |
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Exchange-Traded Funds* | $ 212,409,856 | $ 212,409,856 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
First Trust NASDAQ Technology Dividend Index Fund (TDIV) | Multi-Asset Diversified Income Index Fund (MDIV) | First Trust S&P International Dividend Aristocrats ETF (FID) | First Trust BuyWrite Income ETF (FTHI) | ||||
ASSETS: | |||||||
Investments, at value - Unaffiliated | $ 1,611,384,781 | $ 373,722,875 | $ 41,851,083 | $ 46,249,123 | |||
Investments, at value - Affiliated | — | 94,677,062 | — | — | |||
Total investments, at value | 1,611,384,781 | 468,399,937 | 41,851,083 | 46,249,123 | |||
Cash | 1,120,423 | 4,468,643 | 11,305 | 425,250 | |||
Cash held at broker | — | — | — | 8,372 | |||
Foreign currency | — | — | 14,138 | — | |||
Options purchased, at value | — | — | — | — | |||
Receivables: | |||||||
Dividends | 1,767,115 | 1,476,378 | 208,950 | 56,639 | |||
Dividend reclaims | 185,857 | — | 75,208 | 833 | |||
Fund shares sold | — | — | — | — | |||
Investment securities sold | — | 26,986 | — | — | |||
Total Assets | 1,614,458,176 | 474,371,944 | 42,160,684 | 46,740,217 | |||
LIABILITIES: | |||||||
Options written, at value | — | — | — | 132,318 | |||
Due to authorized participant | — | 13,617 | — | — | |||
Payables: | |||||||
Investment advisory fees | 691,047 | 186,882 | 21,358 | 32,823 | |||
Fund shares redeemed | — | — | — | — | |||
Investment securities purchased | — | 3,960,210 | — | — | |||
Other liabilities | — | 7,805 | — | — | |||
Total Liabilities | 691,047 | 4,168,514 | 21,358 | 165,141 | |||
NET ASSETS | $1,613,767,129 | $470,203,430 | $42,139,326 | $46,575,076 | |||
NET ASSETS consist of: | |||||||
Paid-in capital | $ 1,436,587,811 | $ 682,734,150 | $ 45,988,494 | $ 63,799,461 | |||
Par value | 286,050 | 287,500 | 24,000 | 21,742 | |||
Accumulated distributable earnings (loss) | 176,893,268 | (212,818,220) | (3,873,168) | (17,246,127) | |||
NET ASSETS | $1,613,767,129 | $470,203,430 | $42,139,326 | $46,575,076 | |||
NET ASSET VALUE, per share | $56.42 | $16.35 | $17.56 | $21.42 | |||
Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per share) | 28,605,000 | 28,750,002 | 2,400,002 | 2,174,201 | |||
Investments, at cost - Unaffiliated | $1,281,392,741 | $354,527,670 | $40,545,030 | $42,586,538 | |||
Investments, at cost - Affiliated | $— | $96,044,096 | $— | $— | |||
Total investments, at cost | $1,281,392,741 | $450,571,766 | $40,545,030 | $42,586,538 | |||
Foreign currency, at cost (proceeds) | $— | $— | $14,079 | $— | |||
Premiums paid on options purchased | $— | $— | $— | $— | |||
Premiums received on options written | $— | $— | $— | $564,756 |
First Trust Hedged BuyWrite Income ETF (FTLB) | First Trust Rising Dividend Achievers ETF (RDVY) | First Trust Dorsey Wright Focus 5 ETF (FV) | First Trust RBA American Industrial Renaissance® ETF (AIRR) | First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) | First Trust Dorsey Wright International Focus 5 ETF (IFV) | First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) | ||||||
$ 9,347,425 | $ 5,734,470,716 | $— | $ 220,188,597 | $ 38,705,886 | $— | $— | ||||||
— | — | 2,691,990,473 | — | — | 264,735,867 | 212,409,856 | ||||||
9,347,425 | 5,734,470,716 | 2,691,990,473 | 220,188,597 | 38,705,886 | 264,735,867 | 212,409,856 | ||||||
74,235 | 2,282,605 | 2,889,412 | 462,808 | 50,086 | 302,285 | 253,821 | ||||||
4,372 | — | — | — | — | — | — | ||||||
— | — | — | — | — | — | — | ||||||
159,705 | — | — | — | — | — | — | ||||||
11,426 | 5,220,074 | — | 28,772 | 122,281 | — | — | ||||||
728 | — | — | — | 4,581 | — | — | ||||||
— | 16,731,330 | — | — | — | — | — | ||||||
— | — | 2,317,899 | — | — | — | — | ||||||
9,597,891 | 5,758,704,725 | 2,697,197,784 | 220,680,177 | 38,882,834 | 265,038,152 | 212,663,677 | ||||||
64,268 | — | — | — | — | — | — | ||||||
— | — | — | — | — | — | — | ||||||
6,689 | 2,329,021 | 690,868 | 130,895 | 19,409 | 68,262 | 54,905 | ||||||
— | — | 2,319,748 | — | — | — | — | ||||||
— | 16,713,936 | — | — | — | — | — | ||||||
— | 6,529 | — | — | — | — | — | ||||||
70,957 | 19,049,486 | 3,010,616 | 130,895 | 19,409 | 68,262 | 54,905 | ||||||
$ 9,526,934 | $ 5,739,655,239 | $ 2,694,187,168 | $ 220,549,282 | $ 38,863,425 | $ 264,969,890 | $ 212,608,772 | ||||||
$ 11,885,822 | $ 5,353,298,719 | $ 2,251,221,410 | $ 241,461,392 | $ 55,148,505 | $ 367,093,583 | $ 217,599,221 | ||||||
4,500 | 1,209,000 | 588,500 | 54,000 | 12,500 | 116,500 | 60,500 | ||||||
(2,363,388) | 385,147,520 | 442,377,258 | (20,966,110) | (16,297,580) | (102,240,193) | (5,050,949) | ||||||
$ 9,526,934 | $ 5,739,655,239 | $ 2,694,187,168 | $ 220,549,282 | $ 38,863,425 | $ 264,969,890 | $ 212,608,772 | ||||||
$21.17 | $47.47 | $45.78 | $40.84 | $31.09 | $22.74 | $35.14 | ||||||
450,002 | 120,900,002 | 58,850,002 | 5,400,002 | 1,250,002 | 11,650,002 | 6,050,002 | ||||||
$8,915,199 | $5,249,244,306 | $— | $212,755,939 | $36,581,224 | $— | $— | ||||||
$— | $— | $1,720,599,494 | $— | $— | $235,674,018 | $153,819,884 | ||||||
$8,915,199 | $5,249,244,306 | $1,720,599,494 | $212,755,939 | $36,581,224 | $235,674,018 | $153,819,884 | ||||||
$— | $— | $— | $— | $— | $— | $— | ||||||
$181,431 | $— | $— | $— | $— | $— | $— | ||||||
$152,081 | $— | $— | $— | $— | $— | $— |
First Trust NASDAQ Technology Dividend Index Fund (TDIV) | Multi-Asset Diversified Income Index Fund (MDIV) | First Trust S&P International Dividend Aristocrats ETF (FID) | First Trust BuyWrite Income ETF (FTHI) | |||||
INVESTMENT INCOME: | ||||||||
Dividends - Unaffiliated | $ 39,277,680 | $ 11,535,143 | $ 1,687,096 | $ 1,183,535 | ||||
Dividends - Affiliated | — | 5,042,808 | — | — | ||||
Interest | 122 | 151 | — | (2,014) | ||||
Securities lending income (net of fees) | — | — | — | — | ||||
Foreign withholding tax | (1,032,405) | — | (158,715) | (3,815) | ||||
Other | — | 26 | — | 47 | ||||
Total investment income | 38,245,397 | 16,578,128 | 1,528,381 | 1,177,753 | ||||
EXPENSES: | ||||||||
Investment advisory fees | 7,416,660 | 2,834,318 | 195,137 | 467,762 | ||||
Total expenses | 7,416,660 | 2,834,318 | 195,137 | 467,762 | ||||
Fees waived by the investment advisor | — | (556,166) | — | — | ||||
Net expenses | 7,416,660 | 2,278,152 | 195,137 | 467,762 | ||||
NET INVESTMENT INCOME (LOSS) | 30,828,737 | 14,299,976 | 1,333,244 | 709,991 | ||||
NET REALIZED AND UNREALIZED GAIN (LOSS): | ||||||||
Net realized gain (loss) on: | ||||||||
Investments - Unaffiliated | (26,571,698) | 30,972,733 | 136,344 | 5,776,684 | ||||
Investments - Affiliated | — | (75,006) | — | — | ||||
In-kind redemptions - Unaffiliated | 293,072,251 | 5,951,016 | — | 7,303,683 | ||||
In-kind redemptions - Affiliated | — | (17,698) | — | — | ||||
Purchased options contracts | — | — | — | — | ||||
Written options contracts | — | — | — | (4,814,262) | ||||
Foreign currency transactions | — | — | 4,013 | — | ||||
Net realized gain (loss) | 266,500,553 | 36,831,045 | 140,357 | 8,266,105 | ||||
Net change in unrealized appreciation (depreciation) on: | ||||||||
Investments - Unaffiliated | 71,094,267 | 58,855,328 | 4,300,810 | 56,170 | ||||
Investments - Affiliated | — | 1,987,757 | — | — | ||||
Purchased options contracts | — | — | — | — | ||||
Written options contracts | — | — | — | 194,280 | ||||
Foreign currency translation | — | — | (1,783) | — | ||||
Net change in unrealized appreciation (depreciation) | 71,094,267 | 60,843,085 | 4,299,027 | 250,450 | ||||
NET REALIZED AND UNREALIZED GAIN (LOSS) | 337,594,820 | 97,674,130 | 4,439,384 | 8,516,555 | ||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ 368,423,557 | $ 111,974,106 | $ 5,772,628 | $ 9,226,546 |
First Trust Hedged BuyWrite Income ETF (FTLB) | First Trust Rising Dividend Achievers ETF (RDVY) | First Trust Dorsey Wright Focus 5 ETF (FV) | First Trust RBA American Industrial Renaissance® ETF (AIRR) | First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) | First Trust Dorsey Wright International Focus 5 ETF (IFV) | First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) | |||||||
$144,121 | $64,264,697 | $— | $1,196,641 | $1,145,632 | $— | $— | |||||||
— | — | 8,520,224 | — | — | 3,193,061 | 717,141 | |||||||
(366) | 260 | 46 | 8 | 5 | 238 | 4 | |||||||
— | — | — | 13 | — | — | — | |||||||
(500) | (184,685) | — | — | (271) | — | — | |||||||
34 | — | — | — | — | — | — | |||||||
143,289 | 64,080,272 | 8,520,270 | 1,196,662 | 1,145,366 | 3,193,299 | 717,145 | |||||||
60,558 | 16,633,242 | 7,620,618 | 1,094,385 | 218,839 | 820,536 | 672,517 | |||||||
60,558 | 16,633,242 | 7,620,618 | 1,094,385 | 218,839 | 820,536 | 672,517 | |||||||
— | — | — | — | — | — | — | |||||||
60,558 | 16,633,242 | 7,620,618 | 1,094,385 | 218,839 | 820,536 | 672,517 | |||||||
82,731 | 47,447,030 | 899,652 | 102,277 | 926,527 | 2,372,763 | 44,628 | |||||||
538,683 | (29,280,781) | — | (7,360) | 1,207,249 | — | — | |||||||
— | — | (2,228,412) | — | — | 32,587,487 | (197,678) | |||||||
550,240 | 313,391,191 | — | 22,213,446 | 10,821,332 | — | — | |||||||
— | — | 408,789,982 | — | — | 6,632,196 | 34,140,531 | |||||||
(329,444) | — | — | — | — | — | — | |||||||
(392,070) | — | — | — | — | — | — | |||||||
— | — | — | — | — | — | — | |||||||
367,409 | 284,110,410 | 406,561,570 | 22,206,086 | 12,028,581 | 39,219,683 | 33,942,853 | |||||||
163,747 | 428,357,284 | — | 9,760,455 | (91,117) | — | — | |||||||
— | — | 276,499,831 | — | — | 6,817,205 | 31,031,603 | |||||||
71,774 | — | — | — | — | — | — | |||||||
31,630 | — | — | — | — | — | — | |||||||
— | — | — | — | — | — | — | |||||||
267,151 | 428,357,284 | 276,499,831 | 9,760,455 | (91,117) | 6,817,205 | 31,031,603 | |||||||
634,560 | 712,467,694 | 683,061,401 | 31,966,541 | 11,937,464 | 46,036,888 | 64,974,456 | |||||||
$717,291 | $759,914,724 | $683,961,053 | $32,068,818 | $12,863,991 | $48,409,651 | $65,019,084 |
First Trust NASDAQ Technology Dividend Index Fund (TDIV) | Multi-Asset Diversified Income Index Fund (MDIV) | ||||||
Year Ended 9/30/2021 | Year Ended 9/30/2020 | Year Ended 9/30/2021 | Year Ended 9/30/2020 | ||||
OPERATIONS: | |||||||
Net investment income (loss) | $ 30,828,737 | $ 25,584,561 | $ 14,299,976 | $ 22,694,265 | |||
Net realized gain (loss) | 266,500,553 | 55,107,604 | 36,831,045 | (141,123,206) | |||
Net change in unrealized appreciation (depreciation) | 71,094,267 | 50,196,118 | 60,843,085 | (47,081,173) | |||
Net increase (decrease) in net assets resulting from operations | 368,423,557 | 130,888,283 | 111,974,106 | (165,510,114) | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations | (29,861,800) | (25,845,943) | (18,794,700) | (29,891,031) | |||
Return of capital | — | — | (6,052,472) | (6,494,411) | |||
Total distributions to shareholders | (29,861,800) | (25,845,943) | (24,847,172) | (36,385,442) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold | 784,387,981 | 417,634,746 | 9,259,907 | 134,635,982 | |||
Cost of shares redeemed | (754,460,022) | (287,956,521) | (66,909,068) | (207,999,717) | |||
Net increase (decrease) in net assets resulting from shareholder transactions | 29,927,959 | 129,678,225 | (57,649,161) | (73,363,735) | |||
Total increase (decrease) in net assets | 368,489,716 | 234,720,565 | 29,477,773 | (275,259,291) | |||
NET ASSETS: | |||||||
Beginning of period | 1,245,277,413 | 1,010,556,848 | 440,725,657 | 715,984,948 | |||
End of period | $1,613,767,129 | $1,245,277,413 | $470,203,430 | $440,725,657 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period | 28,405,000 | 25,205,000 | 32,600,002 | 38,850,002 | |||
Shares sold | 14,150,000 | 9,900,000 | 550,000 | 8,900,000 | |||
Shares redeemed | (13,950,000) | (6,700,000) | (4,400,000) | (15,150,000) | |||
Shares outstanding, end of period | 28,605,000 | 28,405,000 | 28,750,002 | 32,600,002 |
First Trust S&P International Dividend Aristocrats ETF (FID) | First Trust BuyWrite Income ETF (FTHI) | |||||
Year Ended 9/30/2021 | Year Ended 9/30/2020 | Year Ended 9/30/2021 | Year Ended 9/30/2020 | |||
$ 1,333,244 | $ 699,823 | $ 709,991 | $ 778,752 | |||
140,357 | (721,222) | 8,266,105 | (9,889,308) | |||
4,299,027 | (3,017,870) | 250,450 | (865,038) | |||
5,772,628 | (3,039,269) | 9,226,546 | (9,975,594) | |||
(1,317,871) | (721,161) | (2,535,233) | (781,626) | |||
— | — | — | (2,497,607) | |||
(1,317,871) | (721,161) | (2,535,233) | (3,279,233) | |||
19,294,526 | 18,764,075 | 18,094,504 | 39,555,388 | |||
— | (16,291,697) | (37,943,500) | (46,722,420) | |||
19,294,526 | 2,472,378 | (19,848,996) | (7,167,032) | |||
23,749,283 | (1,288,052) | (13,157,683) | (20,421,859) | |||
18,390,043 | 19,678,095 | 59,732,759 | 80,154,618 | |||
$42,139,326 | $18,390,043 | $46,575,076 | $59,732,759 | |||
1,300,002 | 1,150,002 | 3,124,201 | 3,574,201 | |||
1,100,000 | 1,150,000 | 900,000 | 1,800,000 | |||
— | (1,000,000) | (1,850,000) | (2,250,000) | |||
2,400,002 | 1,300,002 | 2,174,201 | 3,124,201 |
First Trust Hedged BuyWrite Income ETF (FTLB) | First Trust Rising Dividend Achievers ETF (RDVY) | ||||||
Year Ended 9/30/2021 | Year Ended 9/30/2020 | Year Ended 9/30/2021 | Year Ended 9/30/2020 | ||||
OPERATIONS: | |||||||
Net investment income (loss) | $ 82,731 | $ 65,150 | $ 47,447,030 | $ 21,146,569 | |||
Net realized gain (loss) | 367,409 | (655,602) | 284,110,410 | (19,747,798) | |||
Net change in unrealized appreciation (depreciation) | 267,151 | (221,236) | 428,357,284 | 26,519,084 | |||
Net increase (decrease) in net assets resulting from operations | 717,291 | (811,688) | 759,914,724 | 27,917,855 | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations | (228,251) | (66,215) | (44,959,526) | (21,259,226) | |||
Return of capital | — | (145,536) | — | — | |||
Total distributions to shareholders | (228,251) | (211,751) | (44,959,526) | (21,259,226) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold | 7,205,917 | 2,225,023 | 5,044,833,796 | 768,157,359 | |||
Cost of shares redeemed | (2,974,588) | (5,313,879) | (1,312,230,974) | (314,875,007) | |||
Net increase (decrease) in net assets resulting from shareholder transactions | 4,231,329 | (3,088,856) | 3,732,602,822 | 453,282,352 | |||
Total increase (decrease) in net assets | 4,720,369 | (4,112,295) | 4,447,558,020 | 459,940,981 | |||
NET ASSETS: | |||||||
Beginning of period | 4,806,565 | 8,918,860 | 1,292,097,219 | 832,156,238 | |||
End of period | $9,526,934 | $4,806,565 | $5,739,655,239 | $1,292,097,219 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period | 250,002 | 400,002 | 39,550,002 | 26,150,002 | |||
Shares sold | 350,000 | 100,000 | 111,000,000 | 23,650,000 | |||
Shares redeemed | (150,000) | (250,000) | (29,650,000) | (10,250,000) | |||
Shares outstanding, end of period | 450,002 | 250,002 | 120,900,002 | 39,550,002 |
First Trust Dorsey Wright Focus 5 ETF (FV) | First Trust RBA American Industrial Renaissance® ETF (AIRR) | |||||
Year Ended 9/30/2021 | Year Ended 9/30/2020 | Year Ended 9/30/2021 | Year Ended 9/30/2020 | |||
$ 899,652 | $ 6,401,620 | $ 102,277 | $ (89,967) | |||
406,561,570 | 31,497,770 | 22,206,086 | (2,398,150) | |||
276,499,831 | 200,093,791 | 9,760,455 | (810,384) | |||
683,961,053 | 237,993,181 | 32,068,818 | (3,298,501) | |||
(1,159,345) | (7,981,650) | (68,330) | (144,765) | |||
— | — | — | — | |||
(1,159,345) | (7,981,650) | (68,330) | (144,765) | |||
650,797,839 | 147,416,934 | 204,119,512 | 12,492,884 | |||
(686,904,053) | (678,198,985) | (63,084,042) | (28,435,922) | |||
(36,106,214) | (530,782,051) | 141,035,470 | (15,943,038) | |||
646,695,494 | (300,770,520) | 173,035,958 | (19,386,304) | |||
2,047,491,674 | 2,348,262,194 | 47,513,324 | 66,899,628 | |||
$2,694,187,168 | $2,047,491,674 | $220,549,282 | $47,513,324 | |||
60,050,002 | 79,250,002 | 1,850,002 | 2,500,002 | |||
14,950,000 | 4,850,000 | 5,150,000 | 550,000 | |||
(16,150,000) | (24,050,000) | (1,600,000) | (1,200,000) | |||
58,850,002 | 60,050,002 | 5,400,002 | 1,850,002 |
First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) | First Trust Dorsey Wright International Focus 5 ETF (IFV) | ||||||
Year Ended 9/30/2021 | Year Ended 9/30/2020 | Year Ended 9/30/2021 | Year Ended 9/30/2020 | ||||
OPERATIONS: | |||||||
Net investment income (loss) | $ 926,527 | $ 1,180,697 | $ 2,372,763 | $ 10,938,339 | |||
Net realized gain (loss) | 12,028,581 | (13,664,469) | 39,219,683 | (66,943,279) | |||
Net change in unrealized appreciation (depreciation) | (91,117) | (284,910) | 6,817,205 | 29,254,408 | |||
Net increase (decrease) in net assets resulting from operations | 12,863,991 | (12,768,682) | 48,409,651 | (26,750,532) | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations | (903,831) | (1,297,931) | (2,584,930) | (11,181,681) | |||
Return of capital | — | — | — | — | |||
Total distributions to shareholders | (903,831) | (1,297,931) | (2,584,930) | (11,181,681) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold | 58,983,424 | 34,251,548 | 29,789,512 | 20,996,726 | |||
Cost of shares redeemed | (61,564,516) | (35,013,136) | (29,096,455) | (218,369,257) | |||
Net increase (decrease) in net assets resulting from shareholder transactions | (2,581,092) | (761,588) | 693,057 | (197,372,531) | |||
Total increase (decrease) in net assets | 9,379,068 | (14,828,201) | 46,517,778 | (235,304,744) | |||
NET ASSETS: | |||||||
Beginning of period | 29,484,357 | 44,312,558 | 218,452,112 | 453,756,856 | |||
End of period | $38,863,425 | $29,484,357 | $264,969,890 | $218,452,112 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period | 1,400,002 | 1,700,002 | 11,600,002 | 23,800,002 | |||
Shares sold | 2,050,000 | 1,300,000 | 1,350,000 | 1,150,000 | |||
Shares redeemed | (2,200,000) | (1,600,000) | (1,300,000) | (13,350,000) | |||
Shares outstanding, end of period | 1,250,002 | 1,400,002 | 11,650,002 | 11,600,002 |
First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) | ||
Year Ended 9/30/2021 | Year Ended 9/30/2020 | |
$ 44,628 | $ 1,791,678 | |
33,942,853 | 2,141,868 | |
31,031,603 | (17,899,725) | |
65,019,084 | (13,966,179) | |
(67,710) | (2,183,455) | |
— | — | |
(67,710) | (2,183,455) | |
49,813,076 | 17,694,882 | |
(125,909,677) | (246,044,671) | |
(76,096,601) | (228,349,789) | |
(11,145,227) | (244,499,423) | |
223,753,999 | 468,253,422 | |
$212,608,772 | $223,753,999 | |
8,550,002 | 17,700,002 | |
1,500,000 | 750,000 | |
(4,000,000) | (9,900,000) | |
6,050,002 | 8,550,002 |
Year Ended September 30, | |||||||||
2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net asset value, beginning of period | $ 43.84 | $ 40.09 | $ 38.38 | $ 32.39 | $ 29.33 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 1.10 | 0.93 | 0.97 | 0.96 | 0.80 | ||||
Net realized and unrealized gain (loss) | 12.55 | 3.77 | 1.71 | 5.90 | 3.01 | ||||
Total from investment operations | 13.65 | 4.70 | 2.68 | 6.86 | 3.81 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (1.07) | (0.95) | (0.97) | (0.87) | (0.75) | ||||
Net asset value, end of period | $56.42 | $43.84 | $40.09 | $38.38 | $32.39 | ||||
Total return (a) | 31.29% | 11.91% | 7.21% | 21.37% | 13.10% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 1,613,767 | $ 1,245,277 | $ 1,010,557 | $ 948,172 | $ 717,616 | ||||
Ratio of total expenses to average net assets | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | ||||
Ratio of net investment income (loss) to average net assets | 2.08% | 2.28% | 2.59% | 2.70% | 2.64% | ||||
Portfolio turnover rate (b) | 38% | 49% | 37% | 27% | 26% |
(a) | 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. |
(b) | 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 September 30, | |||||||||
2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net asset value, beginning of period | $ 13.52 | $ 18.43 | $ 18.54 | $ 19.22 | $ 18.89 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.49 | 0.57 | 0.83 | 0.87 | 0.81 | ||||
Net realized and unrealized gain (loss) | 3.18 | (4.52) | 0.18 | (0.36) | 0.59 | ||||
Total from investment operations | 3.67 | (3.95) | 1.01 | 0.51 | 1.40 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.64) | (0.79) | (0.77) | (0.76) | (0.82) | ||||
Return of capital | (0.20) | (0.17) | (0.35) | (0.43) | (0.25) | ||||
Total distributions | (0.84) | (0.96) | (1.12) | (1.19) | (1.07) | ||||
Net asset value, end of period | $16.35 | $13.52 | $18.43 | $18.54 | $19.22 | ||||
Total return (a) | 27.50% | (21.89)% | 5.74% | 2.82% | 7.56% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 470,203 | $ 440,726 | $ 715,985 | $ 683,960 | $ 850,403 | ||||
Ratio of total expenses to average net assets (b) | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% | ||||
Ratio of net expenses to average net assets (b) | 0.48% | 0.47% | 0.48% | 0.48% | 0.48% | ||||
Ratio of net investment income (loss) to average net assets | 3.03% | 3.86% | 4.58% | 4.62% | 4.25% | ||||
Portfolio turnover rate (c) | 100% | 106% | 73% | 84% | 82% |
(a) | 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. |
(b) | The Fund indirectly bears its proportionate share of fees and expenses incurred by the underlying funds in which the Fund invests. This ratio does not include these indirect fees and expenses. |
(c) | 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 September 30, | |||||||||
2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net asset value, beginning of period | $ 14.15 | $ 17.11 | $ 17.19 | $ 18.52 | $ 17.28 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.62 | 0.64 | 0.63 | 0.85 | 0.77 | ||||
Net realized and unrealized gain (loss) | 3.43 | (2.93) | (0.08) | (1.26) | 1.39 | ||||
Total from investment operations | 4.05 | (2.29) | 0.55 | (0.41) | 2.16 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.64) | (0.67) | (0.63) | (0.92) | (0.92) | ||||
Net asset value, end of period | $17.56 | $14.15 | $17.11 | $17.19 | $18.52 | ||||
Total return (a) | 28.79% | (13.62)% | 3.38% | (2.35)% | 12.96% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 42,139 | $ 18,390 | $ 19,678 | $ 13,753 | $ 12,038 | ||||
Ratio of total expenses to average net assets | 0.60% | 0.60% | 0.60% | 0.69% (b) | 0.70% | ||||
Ratio of net investment income (loss) to average net assets | 4.10% | 4.03% | 4.01% | 4.70% | 4.36% | ||||
Portfolio turnover rate (c) | 57% | 81% | 44% | 196% (d) | 129% |
(a) | 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. |
(b) | On August 30, 2018, the Fund reduced the annual management fee payable to First Trust, from 0.70% of the Fund’s average daily net assets to 0.60% of the Fund’s average daily net assets. |
(c) | 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. |
(d) | The variation in the portfolio turnover rate is due to the change in the Fund’s underlying index effective August 30, 2018, which resulted in a complete rebalance of the Fund’s portfolio. |
Year Ended September 30, | |||||||||
2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net asset value, beginning of period | $ 19.12 | $ 22.43 | $ 23.28 | $ 22.54 | $ 20.57 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.12 | 0.23 | 0.40 | 0.35 | 0.30 | ||||
Net realized and unrealized gain (loss) | 3.14 | (2.58) | (0.29) | 1.35 | 2.60 | ||||
Total from investment operations | 3.26 | (2.35) | 0.11 | 1.70 | 2.90 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.96) | (0.23) | (0.86) | (0.96) | (0.13) | ||||
Return of capital | — | (0.73) | (0.10) | — | (0.80) | ||||
Total distributions | (0.96) | (0.96) | (0.96) | (0.96) | (0.93) | ||||
Net asset value, end of period | $21.42 | $19.12 | $22.43 | $23.28 | $22.54 | ||||
Total return (a) | 17.31% | (10.63)% | 0.72% | 8.12% | 13.93% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 46,575 | $ 59,733 | $ 80,155 | $ 66,898 | $ 52,385 | ||||
Ratio of total expenses to average net assets | 0.85% | 0.85% | 0.85% | 0.85% | 0.87% (b) | ||||
Ratio of net investment income (loss) to average net assets | 1.29% | 1.10% | 1.43% | 1.34% | 1.43% | ||||
Portfolio turnover rate (c) | 199% | 210% | 209% | 239% | 315% (d) |
(a) | 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. |
(b) | Includes reorganization fees. If this reorganization fee was not included, the expense ratio would have been 0.85%. |
(c) | 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. |
(d) | The variation in the portfolio turnover rate is due to the rebalance of the portfolio that occurred shortly after the reorganization of FTHI with the First Trust Dividend and Income Fund. |
Year Ended September 30, | |||||||||
2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net asset value, beginning of period | $ 19.23 | $ 22.30 | $ 22.92 | $ 22.27 | $ 20.38 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.34 | 0.21 | 0.27 | 0.40 | 0.38 | ||||
Net realized and unrealized gain (loss) | 2.26 | (2.62) | (0.23) | 0.91 | 2.14 | ||||
Total from investment operations | 2.60 | (2.41) | 0.04 | 1.31 | 2.52 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.66) | (0.21) | (0.58) | (0.66) | (0.63) | ||||
Return of capital | — | (0.45) | (0.08) | — | — | ||||
Total distributions | (0.66) | (0.66) | (0.66) | (0.66) | (0.63) | ||||
Net asset value, end of period | $21.17 | $19.23 | $22.30 | $22.92 | $22.27 | ||||
Total return (a) | 13.66% | (10.98)% | 0.29% | 5.95% | 12.57% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 9,527 | $ 4,807 | $ 8,919 | $ 13,751 | $ 7,794 | ||||
Ratio of total expenses to average net assets | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% | ||||
Ratio of net investment income (loss) to average net assets | 1.16% | 0.96% | 1.40% | 1.32% | 1.45% | ||||
Portfolio turnover rate (b) | 182% | 207% | 205% | 219% | 184% |
(a) | 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. |
(b) | 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 September 30, | |||||||||
2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net asset value, beginning of period | $ 32.67 | $ 31.82 | $ 31.54 | $ 27.84 | $ 22.12 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.59 | 0.58 | 0.54 | 0.41 | 0.34 | ||||
Net realized and unrealized gain (loss) | 14.79 | 0.86 | 0.27 | 3.68 | 5.73 | ||||
Total from investment operations | 15.38 | 1.44 | 0.81 | 4.09 | 6.07 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.58) | (0.59) | (0.53) | (0.39) | (0.35) | ||||
Net asset value, end of period | $47.47 | $32.67 | $31.82 | $31.54 | $27.84 | ||||
Total return (a) | 47.21% | 4.61% | 2.72% | 14.78% | 27.53% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 5,739,655 | $ 1,292,097 | $ 832,156 | $ 690,709 | $ 271,405 | ||||
Ratio of total expenses to average net assets | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | ||||
Ratio of net investment income (loss) to average net assets | 1.43% | 1.89% | 1.85% | 1.50% | 1.60% | ||||
Portfolio turnover rate (b) | 45% | 62% | 63% | 40% | 46% |
(a) | 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. |
(b) | 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 September 30, | |||||||||
2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net asset value, beginning of period | $ 34.10 | $ 29.63 | $ 30.93 | $ 26.17 | $ 22.91 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.02 | 0.09 | 0.11 | 0.09 | 0.21 | ||||
Net realized and unrealized gain (loss) | 11.68 | 4.49 | (1.31) | 4.83 | 3.25 | ||||
Total from investment operations | 11.70 | 4.58 | (1.20) | 4.92 | 3.46 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.02) | (0.11) | (0.10) | (0.16) | (0.20) | ||||
Net asset value, end of period | $45.78 | $34.10 | $29.63 | $30.93 | $26.17 | ||||
Total return (a) | 34.31% | 15.50% | (3.92)% | 18.91% | 15.16% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 2,694,187 | $ 2,047,492 | $ 2,348,262 | $ 2,858,225 | $ 2,397,352 | ||||
Ratio of total expenses to average net assets (b) | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | ||||
Ratio of net investment income (loss) to average net assets | 0.04% | 0.30% | 0.34% | 0.30% | 0.74% | ||||
Portfolio turnover rate (c) | 20% | 72% | 65% | 44% | 66% |
(a) | 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. |
(b) | The Fund indirectly bears its proportionate share of fees and expenses incurred by the underlying funds in which the Fund invests. This ratio does not include these indirect fees and expenses. |
(c) | 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 September 30, | |||||||||
2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net asset value, beginning of period | $ 25.68 | $ 26.76 | $ 27.93 | $ 26.04 | $ 20.49 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.03 | (0.03) | 0.10 (a) | 0.09 | 0.08 (a) | ||||
Net realized and unrealized gain (loss) | 15.16 | (0.98) | (1.21) | 1.88 | 5.53 | ||||
Total from investment operations | 15.19 | (1.01) | (1.11) | 1.97 | 5.61 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.03) | (0.07) | (0.06) | (0.08) | (0.06) | ||||
Net asset value, end of period | $40.84 | $25.68 | $26.76 | $27.93 | $26.04 | ||||
Total return (b) | 59.15% | (3.81)% | (3.95)% | 7.56% | 27.39% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 220,549 | $ 47,513 | $ 66,900 | $ 195,500 | $ 169,282 | ||||
Ratio of total expenses to average net assets | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% | ||||
Ratio of net investment income (loss) to average net assets | 0.07% | (0.18)% | 0.40% | 0.32% | 0.33% | ||||
Portfolio turnover rate (c) | 35% | 45% | 58% | 35% | 52% |
(a) | Based on average shares outstanding. |
(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) | 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 September 30, | |||||||||
2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net asset value, beginning of period | $ 21.06 | $ 26.07 | $ 25.15 | $ 24.54 | $ 22.11 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.73 | 0.68 | 0.78 | 0.65 | 0.60 | ||||
Net realized and unrealized gain (loss) | 10.01 | (4.95) | 0.86 | 0.59 | 2.44 | ||||
Total from investment operations | 10.74 | (4.27) | 1.64 | 1.24 | 3.04 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.71) | (0.74) | (0.72) | (0.63) | (0.61) | ||||
Net asset value, end of period | $31.09 | $21.06 | $26.07 | $25.15 | $24.54 | ||||
Total return (a) | 51.29% | (16.49)% | 6.87% | 5.10% | 13.93% | ||||
Ratios to average net assets/supplemental data: | �� | ||||||||
Net assets, end of period (in 000’s) | $ 38,863 | $ 29,484 | $ 44,313 | $ 37,727 | $ 28,221 | ||||
Ratio of total expenses to average net assets | 0.60% | 0.60% | 0.60% | 0.69% (b) | 0.70% | ||||
Ratio of net investment income (loss) to average net assets | 2.54% | 2.81% | 3.50% | 2.79% | 2.61% | ||||
Portfolio turnover rate (c) | 186% | 193% | 160% | 297% (d) | 150% |
(a) | 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. |
(b) | On September 6, 2018, the Fund reduced the annual management fee payable to First Trust, from 0.70% of the Fund’s average daily net assets to 0.60% of the Fund’s average daily net assets. |
(c) | 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. |
(d) | The variation in the portfolio turnover rate is due to the change in the Fund’s underlying index effective September 6, 2018, which resulted in a complete rebalance of the Fund’s portfolio. |
Year Ended September 30, | |||||||||
2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net asset value, beginning of period | $ 18.83 | $ 19.07 | $ 20.33 | $ 21.35 | $ 17.55 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.20 | 0.56 | 0.37 | 0.33 | 0.25 | ||||
Net realized and unrealized gain (loss) | 3.93 | (0.23) | (1.26) | (0.93) | 3.73 | ||||
Total from investment operations | 4.13 | 0.33 | (0.89) | (0.60) | 3.98 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.22) | (0.57) | (0.35) | (0.42) | (0.18) | ||||
Return of capital | — | — | (0.02) | — | — | ||||
Total distributions | (0.22) | (0.57) | (0.37) | (0.42) | (0.18) | ||||
Net asset value, end of period | $22.74 | $18.83 | $19.07 | $20.33 | $21.35 | ||||
Total return (a) | 21.91% | 1.75% | (4.42)% | (2.91)% | 22.71% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 264,970 | $ 218,452 | $ 453,757 | $ 774,665 | $ 794,132 | ||||
Ratio of total expenses to average net assets (b) | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | ||||
Ratio of net investment income (loss) to average net assets | 0.87% | 3.19% | 1.89% | 1.57% | 1.59% | ||||
Portfolio turnover rate (c) | 66% | 29% | 42% | 0% | 49% |
(a) | 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. |
(b) | The Fund indirectly bears its proportionate share of fees and expenses incurred by the underlying funds in which the Fund invests. This ratio does not include these indirect fees and expenses. |
(c) | 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 September 30, | |||||||||
2021 | 2020 | 2019 | 2018 | 2017 | |||||
Net asset value, beginning of period | $ 26.17 | $ 26.45 | $ 28.80 | $ 24.36 | $ 21.32 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.01 | 0.13 | 0.22 | 0.08 | 0.17 | ||||
Net realized and unrealized gain (loss) | 8.97 | (0.25) | (2.37) | 4.51 | 3.04 | ||||
Total from investment operations | 8.98 | (0.12) | (2.15) | 4.59 | 3.21 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.01) | (0.16) | (0.20) | (0.15) | (0.16) | ||||
Net realized gain | — | — | — | — | (0.01) | ||||
Total distributions | (0.01) | (0.16) | (0.20) | (0.15) | (0.17) | ||||
Net asset value, end of period | $35.14 | $26.17 | $26.45 | $28.80 | $24.36 | ||||
Total return (a) | 34.32% | (0.46)% | (7.46)% | 18.91% | 15.13% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 212,609 | $ 223,754 | $ 468,253 | $ 620,537 | $ 328,881 | ||||
Ratio of total expenses to average net assets (b) | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | ||||
Ratio of net investment income (loss) to average net assets | 0.02% | 0.54% | 0.79% | 0.32% | 0.80% | ||||
Portfolio turnover rate (c) | 20% | 225% | 90% | 42% | 54% |
(a) | 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. |
(b) | The Fund indirectly bears its proportionate share of fees and expenses incurred by the underlying funds in which the Fund invests. This ratio does not include these indirect fees and expenses. |
(c) | 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 Technology Dividend Index Fund Multi-Asset Diversified Income Index Fund First Trust S&P International Dividend Aristocrats ETF First Trust Rising Dividend Achievers ETF First Trust Dorsey Wright Focus 5 ETF First Trust RBA American Industrial Renaissance® ETF First Trust Dorsey Wright Momentum & Dividend ETF First Trust Dorsey Wright International Focus 5 ETF First Trust Dorsey Wright Dynamic Focus 5 ETF | Nasdaq Technology Dividend IndexTM(1) Nasdaq US Multi-Asset Diversified Income IndexSM(1) S&P International Dividend Aristocrats Index(2) Nasdaq US Rising Dividend AchieversTM Index(1) Dorsey Wright Focus FiveTM Index(3) Richard Bernstein Advisors American Industrial Renaissance® Index(4) Dorsey Wright Momentum Plus Dividend Yield Index(1) Dorsey Wright International Focus FiveTM Index(3) Dorsey Wright Dynamic Focus Five Index(3) |
1) | the credit conditions in the relevant market and changes thereto; |
2) | the liquidity conditions in the relevant market and changes thereto; |
3) | the interest rate conditions in the relevant market and changes thereto (such as significant changes in interest rates); |
4) | issuer-specific conditions (such as significant credit deterioration); and |
5) | any other market-based data the Advisor’s Pricing Committee considers relevant. In this regard, the Advisor’s Pricing Committee may use last-obtained market-based data to assist it when valuing portfolio securities using amortized cost. |
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. |
Security Name | Shares at 9/30/2021 | Value at 9/30/2020 | Purchases | Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value at 9/30/2021 | Dividend Income |
First Trust Tactical High Yield ETF | 1,964,662 | $ 91,385,726 | $ 20,249,926 | $ (18,853,643) | $ 1,987,757 | $ (92,704) | $ 94,677,062 | $ 5,042,808 |
Security Name | Shares at 9/30/2021 | Value at 9/30/2020 | Purchases | Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value at 9/30/2021 | Dividend Income | ||||||
First Trust Consumer Discretionary AlphaDEX® Fund | 9,340,644 | $400,825,212 | $130,107,191 | $ (131,293,458) | $142,063,821 | $10,422,701 | $552,125,467 | $2,498,762 | ||||||
First Trust Dow Jones Internet Index Fund | — | 408,238,044 | 97,681,775 | (580,715,665) | (253,844,665) | 328,640,511 | — | — | ||||||
First Trust Industrials/Producer Durables AlphaDEX® Fund | 9,633,385 | — | 522,051,812 | (17,283,826) | 46,285,881 | 1,324,429 | 552,378,296 | 2,132,242 | ||||||
First Trust Nasdaq Transportation ETF | 16,655,601 | 401,360,989 | 131,901,966 | (144,605,701) | 117,844,673 | 7,158,473 | 513,660,400 | 3,348,566 | ||||||
First Trust NASDAQ-100-Technology Sector Index Fund | 3,453,970 | 412,866,145 | 129,421,741 | (136,549,303) | 116,440,877 | 22,857,006 | 545,036,466 | 439,949 | ||||||
First Trust Technology AlphaDEX® Fund | 4,303,653 | 423,428,260 | 135,200,086 | (173,706,196) | 107,709,244 | 36,158,450 | 528,789,844 | 100,705 | ||||||
$2,046,718,650 | $1,146,364,571 | $(1,184,154,149) | $276,499,831 | $406,561,570 | $2,691,990,473 | $8,520,224 |
Security Name | Shares at 9/30/2021 | Value at 9/30/2020 | Purchases | Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value at 9/30/2021 | Dividend Income | ||||||
First Trust BICK Index Fund | 1,544,078 | $43,485,202 | $12,616,127 | $ (10,767,560) | $5,299,711 | $1,772,527 | $52,406,007 | $346,700 | ||||||
First Trust China AlphaDEX® Fund | — | 37,830,104 | 2,985,145 | (44,231,573) | (6,091,898) | 9,508,222 | — | — | ||||||
First Trust Chindia ETF | — | 46,198,623 | 6,911,573 | (55,354,990) | (15,948,497) | 18,193,291 | — | 109,441 | ||||||
First Trust Europe AlphaDEX® Fund | — | — | 54,457,049 | (60,261,645) | — | 5,804,596 | — | 830,917 | ||||||
First Trust Germany AlphaDEX® Fund | 949,747 | 47,933,240 | 6,167,808 | (13,009,182) | 9,952,672 | 1,101,701 | 52,146,239 | 889,858 | ||||||
First Trust India NIFTY 50 Equal Weighted ETF | 1,176,759 | — | 59,077,601 | (10,411,351) | 8,417,593 | 804,698 | 57,888,541 | 115,204 | ||||||
First Trust Switzerland AlphaDEX® Fund | 775,222 | 42,792,105 | 9,236,786 | (11,368,420) | 8,212,484 | 1,795,555 | 50,668,510 | 816,421 | ||||||
First Trust United Kingdom AlphaDEX® Fund | 1,228,619 | — | 55,398,639 | (752,487) | (3,024,860) | 5,278 | 51,626,570 | 318,335 | ||||||
$218,239,274 | $206,850,728 | $(206,157,208) | $6,817,205 | $38,985,868 | $264,735,867 | $3,426,876 |
Security Name | Shares at 9/30/2021 | Value at 9/30/2020 | Purchases | Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value at 9/30/2021 | Dividend Income | ||||||
First Trust Consumer Discretionary AlphaDEX® Fund | 737,016 | $43,803,183 | $9,907,961 | $ (24,669,360) | $10,480,430 | $4,042,802 | $43,565,016 | $209,694 | ||||||
First Trust Dow Jones Internet Index Fund | — | 44,613,117 | 8,953,983 | (60,777,610) | (8,066,392) | 15,276,902 | — | — | ||||||
First Trust Industrials/Producer Durables AlphaDEX® Fund | 760,114 | — | 46,051,431 | (6,879,867) | 3,830,652 | 582,721 | 43,584,937 | 178,230 | ||||||
First Trust Nasdaq Transportation ETF | 1,314,197 | 43,861,695 | 10,141,387 | (25,841,154) | 9,901,984 | 2,466,055 | 40,529,967 | 280,645 | ||||||
First Trust NASDAQ-100-Technology Sector Index Fund | 272,534 | 45,118,981 | 9,921,806 | (24,934,336) | 8,307,053 | 4,592,361 | 43,005,865 | 40,560 | ||||||
First Trust Technology AlphaDEX® Fund | 339,579 | 46,273,279 | 10,508,889 | (28,617,985) | 6,577,876 | 6,982,012 | 41,724,071 | 8,012 | ||||||
$223,670,255 | $95,485,457 | $(171,720,312) | $31,031,603 | $33,942,853 | $212,409,856 | $717,141 |
Distributions paid from Ordinary Income | Distributions paid from Capital Gains | Distributions paid from Return of Capital | |||
First Trust NASDAQ Technology Dividend Index Fund | $ 29,861,800 | $ — | $ — | ||
Multi-Asset Diversified Income Index Fund | 18,794,700 | — | 6,052,472 | ||
First Trust S&P International Dividend Aristocrats ETF | 1,317,871 | — | — | ||
First Trust BuyWrite Income ETF | 2,535,233 | — | — | ||
First Trust Hedged BuyWrite Income ETF | 228,251 | — | — | ||
First Trust Rising Dividend Achievers ETF | 44,959,526 | — | — | ||
First Trust Dorsey Wright Focus 5 ETF | 1,159,345 | — | — | ||
First Trust RBA American Industrial Renaissance® ETF | 68,330 | — | — | ||
First Trust Dorsey Wright Momentum & Dividend ETF | 903,831 | — | — | ||
First Trust Dorsey Wright International Focus 5 ETF | 2,584,930 | — | — | ||
First Trust Dorsey Wright Dynamic Focus 5 ETF | 67,710 | — | — |
Distributions paid from Ordinary Income | Distributions paid from Capital Gains | Distributions paid from Return of Capital | |||
First Trust NASDAQ Technology Dividend Index Fund | $ 25,845,943 | $ — | $ — | ||
Multi-Asset Diversified Income Index Fund | 29,891,031 | — | 6,494,411 | ||
First Trust S&P International Dividend Aristocrats ETF | 721,161 | — | — | ||
First Trust BuyWrite Income ETF | 781,626 | — | 2,497,607 | ||
First Trust Hedged BuyWrite Income ETF | 66,215 | — | 145,536 | ||
First Trust Rising Dividend Achievers ETF | 21,259,226 | — | — | ||
First Trust Dorsey Wright Focus 5 ETF | 7,981,650 | — | — | ||
First Trust RBA American Industrial Renaissance® ETF | 144,765 | — | — | ||
First Trust Dorsey Wright Momentum & Dividend ETF | 1,297,931 | — | — | ||
First Trust Dorsey Wright International Focus 5 ETF | 11,181,681 | — | — | ||
First Trust Dorsey Wright Dynamic Focus 5 ETF | 2,183,455 | — | — |
Undistributed Ordinary Income | Accumulated Capital and Other Gain (Loss) | Net Unrealized Appreciation (Depreciation) | |||
First Trust NASDAQ Technology Dividend Index Fund | $ 2,360,618 | $ (134,991,212) | $ 309,523,862 | ||
Multi-Asset Diversified Income Index Fund | — | (230,726,724) | 17,908,504 | ||
First Trust S&P International Dividend Aristocrats ETF | 187,761 | (5,055,961) | 995,032 | ||
First Trust BuyWrite Income ETF | — | (20,790,887) | 3,544,760 | ||
First Trust Hedged BuyWrite Income ETF | — | (2,774,391) | 411,003 | ||
First Trust Rising Dividend Achievers ETF | 3,245,996 | (70,491,824) | 452,393,348 | ||
First Trust Dorsey Wright Focus 5 ETF | — | (528,080,094) | 970,457,352 | ||
First Trust RBA American Industrial Renaissance® ETF | 49,274 | (26,563,974) | 5,548,590 | ||
First Trust Dorsey Wright Momentum & Dividend ETF | 143,478 | (18,494,754) | 2,053,696 | ||
First Trust Dorsey Wright International Focus 5 ETF | 21,648 | (131,209,193) | 28,947,352 | ||
First Trust Dorsey Wright Dynamic Focus 5 ETF | — | (63,640,921) | 58,589,972 |
Non-Expiring Capital Loss Carryforward | |
First Trust NASDAQ Technology Dividend Index Fund | $ 134,991,212 |
Multi-Asset Diversified Income Index Fund | 230,726,724 |
First Trust S&P International Dividend Aristocrats ETF | 5,055,961 |
First Trust BuyWrite Income ETF | 20,790,887 |
First Trust Hedged BuyWrite Income ETF | 2,774,391 |
First Trust Rising Dividend Achievers ETF | 70,491,824 |
First Trust Dorsey Wright Focus 5 ETF | 528,080,094 |
First Trust RBA American Industrial Renaissance® ETF | 26,563,974 |
First Trust Dorsey Wright Momentum & Dividend ETF | 18,494,754 |
First Trust Dorsey Wright International Focus 5 ETF | 131,209,193 |
First Trust Dorsey Wright Dynamic Focus 5 ETF | 63,640,921 |
Accumulated Net Investment Income (Loss) | Accumulated Net Realized Gain (Loss) on Investments | Paid-in Capital | |||
First Trust NASDAQ Technology Dividend Index Fund | $ — | $ (287,547,063) | $ 287,547,063 | ||
Multi-Asset Diversified Income Index Fund | 3,512,246 | 3,641,553 | (7,153,799) | ||
First Trust S&P International Dividend Aristocrats ETF | 39,385 | (39,385) | — | ||
First Trust BuyWrite Income ETF | 1,817,465 | (7,155,451) | 5,337,986 | ||
First Trust Hedged BuyWrite Income ETF | 144,849 | (542,691) | 397,842 | ||
First Trust Rising Dividend Achievers ETF | — | (294,505,655) | 294,505,655 | ||
First Trust Dorsey Wright Focus 5 ETF | 259,693 | (408,459,832) | 408,200,139 | ||
First Trust RBA American Industrial Renaissance® ETF | — | (21,791,817) | 21,791,817 | ||
First Trust Dorsey Wright Momentum & Dividend ETF | 74,464 | (10,667,429) | 10,592,965 | ||
First Trust Dorsey Wright International Focus 5 ETF | 227,941 | (6,631,787) | 6,403,846 | ||
First Trust Dorsey Wright Dynamic Focus 5 ETF | 23,082 | (30,586,554) | 30,563,472 |
Fund | Licensor |
First Trust NASDAQ Technology Dividend Index Fund | Nasdaq, Inc. |
Multi-Asset Diversified Income Index Fund | Nasdaq, Inc. |
First Trust S&P International Dividend Aristocrats ETF | S&P Dow Jones Indices, LLC |
First Trust Rising Dividend Achievers ETF | Nasdaq, Inc. |
First Trust Dorsey Wright Focus 5 ETF | Dorsey, Wright & Associates, LLC |
First Trust RBA American Industrial Renaissance® ETF | Richard Bernstein Advisors LLC |
First Trust Dorsey Wright Momentum & Dividend ETF | Nasdaq, Inc. |
First Trust Dorsey Wright International Focus 5 ETF | Dorsey, Wright & Associates, LLC |
First Trust Dorsey Wright Dynamic Focus 5 ETF | Dorsey, Wright & Associates, LLC |
Rate | |
First Trust NASDAQ Technology Dividend Index Fund | 0.50% |
Multi-Asset Diversified Income Index Fund | 0.60% |
First Trust S&P International Dividend Aristocrats ETF | 0.60% |
First Trust BuyWrite Income ETF | 0.85% |
First Trust Hedged BuyWrite Income ETF | 0.85% |
First Trust Rising Dividend Achievers ETF | 0.50% |
First Trust Dorsey Wright Focus 5 ETF | 0.30% |
First Trust RBA American Industrial Renaissance® ETF | 0.70% |
First Trust Dorsey Wright Momentum & Dividend ETF | 0.60% |
First Trust Dorsey Wright International Focus 5 ETF | 0.30% |
First Trust Dorsey Wright Dynamic Focus 5 ETF | 0.30% |
Purchases | Sales | ||
First Trust NASDAQ Technology Dividend Index Fund | $ 558,812,065 | $ 557,187,071 | |
Multi-Asset Diversified Income Index Fund | 466,416,166 | 473,794,054 | |
First Trust S&P International Dividend Aristocrats ETF | 21,362,514 | 18,078,959 | |
First Trust BuyWrite Income ETF | 106,379,091 | 113,801,593 | |
First Trust Hedged BuyWrite Income ETF | 12,683,439 | 13,534,985 | |
First Trust Rising Dividend Achievers ETF | 1,494,092,805 | 1,484,735,567 | |
First Trust Dorsey Wright Focus 5 ETF | 495,764,197 | 494,603,947 | |
First Trust RBA American Industrial Renaissance® ETF | 54,451,329 | 54,668,869 | |
First Trust Dorsey Wright Momentum & Dividend ETF | 66,015,049 | 65,595,009 | |
First Trust Dorsey Wright International Focus 5 ETF | 177,068,351 | 177,089,547 | |
First Trust Dorsey Wright Dynamic Focus 5 ETF | 45,683,063 | 45,573,073 | |
Purchases | Sales | ||
First Trust NASDAQ Technology Dividend Index Fund | $ 781,483,687 | $ 753,652,215 | |
Multi-Asset Diversified Income Index Fund | 9,220,204 | 66,627,023 | |
First Trust S&P International Dividend Aristocrats ETF | 15,861,489 | — | |
First Trust BuyWrite Income ETF | 18,175,471 | 38,365,396 | |
First Trust Hedged BuyWrite Income ETF | 7,260,782 | 3,026,607 | |
First Trust Rising Dividend Achievers ETF | 5,032,111,776 | 1,309,794,759 | |
First Trust Dorsey Wright Focus 5 ETF | 650,600,374 | 689,550,202 | |
First Trust RBA American Industrial Renaissance® ETF | 204,055,869 | 63,092,851 | |
First Trust Dorsey Wright Momentum & Dividend ETF | 58,658,247 | 61,442,482 | |
First Trust Dorsey Wright International Focus 5 ETF | 29,782,377 | 29,067,661 | |
First Trust Dorsey Wright Dynamic Focus 5 ETF | 49,802,394 | 126,147,239 |
Asset Derivatives | Liability Derivatives | |||||||||
Derivative Instrument | Risk Exposure | Statements of Assets and Liabilities Location | Value | Statements of Assets and Liabilities Location | Value | |||||
Options | Equity Risk | — | $ — | Options written, at value | $ 132,318 |
Asset Derivatives | Liability Derivatives | |||||||||
Derivative Instrument | Risk Exposure | Statements of Assets and Liabilities Location | Value | Statements of Assets and Liabilities Location | Value | |||||
Options | Equity Risk | Options purchased, at value | $ 159,705 | Options written, at value | $ 64,268 |
Equity Risk | ||
Statements of Operations Location | FTHI | FTLB |
Net realized gain (loss) on Purchased options contracts | $— | $(329,444) |
Net realized gain (loss) on Written options contracts | (4,814,262) | (392,070) |
Net change in unrealized gain (loss) on Purchased options contracts | — | 71,774 |
Net change in unrealized gain (loss) on Written options contracts | 194,280 | 31,630 |
Dividends Received Deduction | |
First Trust NASDAQ Technology Dividend Index Fund | 100.00% |
Multi-Asset Diversified Income Index Fund | 39.35% |
First Trust S&P International Dividend Aristocrats ETF | 0.00% |
First Trust BuyWrite Income ETF | 28.10% |
First Trust Hedged BuyWrite Income ETF | 35.89% |
First Trust Rising Dividend Achievers ETF | 100.00% |
First Trust Dorsey Wright Focus 5 ETF | ** |
First Trust RBA American Industrial Renaissance® ETF | 100.00% |
First Trust Dorsey Wright Momentum & Dividend ETF | 77.41% |
First Trust Dorsey Wright International Focus 5 ETF | ** |
First Trust Dorsey Wright Dynamic Focus 5 ETF | ** |
Qualified Dividend Income | |
First Trust NASDAQ Technology Dividend Index Fund | 100.00% |
Multi-Asset Diversified Income Index Fund | 39.83% |
First Trust S&P International Dividend Aristocrats ETF | 81.11% |
First Trust BuyWrite Income ETF | 28.10% |
First Trust Hedged BuyWrite Income ETF | 35.89% |
First Trust Rising Dividend Achievers ETF | 100.00% |
First Trust Dorsey Wright Focus 5 ETF | ** |
First Trust RBA American Industrial Renaissance® ETF | 100.00% |
First Trust Dorsey Wright Momentum & Dividend ETF | 82.69% |
First Trust Dorsey Wright International Focus 5 ETF | ** |
First Trust Dorsey Wright Dynamic Focus 5 ETF | ** |
Gross Foreign Income | Foreign Taxes Paid | ||||||
Amount | Per Share | Amount | Per Share | ||||
First Trust S&P International Dividend Aristocrats ETF | $ 1,687,096 | $ 0.70 | $ 157,457 | $ 0.07 |
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) | 213 | None |
Thomas R. Kadlec, Trustee (1957) | • Indefinite Term • Since Inception | President, ADM Investor Services, Inc. (Futures Commission Merchant) | 213 | 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) | 213 | 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) | 213 | 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) | 213 | 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), Controller (January 2011 to January 2016), Senior Vice President (April 2007 to January 2016), 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
Book 2
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)
First Trust Indxx Innovative Transaction & Process ETF (LEGR)
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)
First Trust Dorsey Wright Momentum & Value ETF (DVLU)
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL)
First Trust International Developed Capital Strength ETF (FICS)
For the Period Ended
September 30, 2021
2 | |
3 | |
Fund Performance Overview | |
4 | |
6 | |
8 | |
10 | |
12 | |
14 | |
16 | |
17 | |
Portfolio of Investments | |
18 | |
21 | |
26 | |
31 | |
33 | |
35 | |
38 | |
40 | |
42 | |
44 | |
50 | |
59 | |
61 | |
69 | |
71 |
Performance | |||
Average Annual Total Returns | Cumulative Total Returns | ||
1 Year Ended 9/30/21 | Inception (11/1/17) to 9/30/21 | Inception (11/1/17) to 9/30/21 | |
Fund Performance | |||
NAV | 56.77% | 11.05% | 50.69% |
Market Price | 56.90% | 11.09% | 50.90% |
Index Performance | |||
Nasdaq US Small Mid Cap Rising Dividend Achievers™ Index | 57.92% | 11.74% | 54.39% |
S&P 1000® Index | 47.66% | 11.70% | 54.15% |
Sector Allocation | % of Total Investments |
Financials | 31.3% |
Industrials | 25.9 |
Consumer Discretionary | 15.3 |
Information Technology | 13.6 |
Materials | 5.0 |
Consumer Staples | 3.9 |
Communication Services | 3.0 |
Energy | 1.0 |
Utilities | 1.0 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Western Alliance Bancorp | 1.1% |
Synovus Financial Corp. | 1.1 |
M&T Bank Corp. | 1.1 |
Zions Bancorp N.A. | 1.1 |
Prosperity Bancshares, Inc. | 1.1 |
Regions Financial Corp. | 1.1 |
East West Bancorp, Inc. | 1.1 |
Wintrust Financial Corp. | 1.1 |
First Horizon Corp. | 1.1 |
Progress Software Corp. | 1.1 |
Total | 11.0% |
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 9/30/21 | Inception (1/24/18) to 9/30/21 | Inception (1/24/18) to 9/30/21 | |
Fund Performance | |||
NAV | 36.13% | 11.30% | 48.32% |
Market Price | 36.70% | 11.38% | 48.71% |
Index Performance | |||
Indxx Blockchain Index | 38.00% | 12.43% | 53.92% |
S&P 500® Index | 30.00% | 14.08% | 62.45% |
Sector Allocation | % of Total Long-Term Investments |
Financials | 39.1% |
Information Technology | 32.1 |
Consumer Discretionary | 8.6 |
Communication Services | 7.0 |
Industrials | 4.9 |
Utilities | 2.7 |
Energy | 2.4 |
Consumer Staples | 1.6 |
Materials | 1.6 |
Total | 100.0% |
Top Ten Holdings | % of Total Long-Term Investments |
Gazprom PJSC, ADR | 1.4% |
Nordea Bank Abp | 1.4 |
Sberbank of Russia PJSC, ADR | 1.3 |
salesforce.com, Inc. | 1.3 |
Mitsubishi UFJ Financial Group, Inc., ADR | 1.3 |
VMware, Inc., Class A | 1.3 |
International Business Machines Corp. | 1.3 |
Intel Corp. | 1.3 |
Mastercard, Inc., Class A | 1.3 |
Swisscom AG | 1.3 |
Total | 13.2% |
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 9/30/21 | Inception (2/21/18) to 9/30/21 | Inception (2/21/18) to 9/30/21 | |
Fund Performance | |||
NAV | 37.27% | 17.74% | 80.17% |
Market Price | 37.34% | 17.76% | 80.30% |
Index Performance | |||
Nasdaq CTA Artificial Intelligence and Robotics IndexSM | 38.32% | 18.65% | 85.25% |
S&P 500® Index | 30.00% | 15.92% | 70.33% |
Sector Allocation | % of Total Long-Term Investments |
Information Technology | 62.7% |
Industrials | 19.2 |
Consumer Discretionary | 8.4 |
Health Care | 7.4 |
Communication Services | 1.9 |
Real Estate | 0.4 |
Total | 100.0% |
Top Ten Holdings | % of Total Long-Term Investments |
Ambarella, Inc. | 3.2% |
Gentex Corp. | 2.2 |
Palo Alto Networks, Inc. | 2.2 |
Dynatrace, Inc. | 2.2 |
Atos SE | 2.1 |
Topcon Corp. | 2.1 |
Blue Prism Group PLC | 2.1 |
Obic Co., Ltd. | 2.1 |
PKSHA Technology, Inc. | 2.1 |
Elbit Systems Ltd. | 2.1 |
Total | 22.4% |
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.
Performance | |||
Average Annual Total Returns | Cumulative Total Returns | ||
1 Year Ended 9/30/21 | Inception (9/5/18) to 9/30/21 | Inception (9/5/18) to 9/30/21 | |
Fund Performance | |||
NAV | 57.98% | 7.13% | 23.55% |
Market Price | 57.98% | 7.13% | 23.55% |
Index Performance | |||
Dorsey Wright Momentum Plus Value™ Index | 59.19% | 7.78% | 25.86% |
S&P 500® Index | 30.00% | 15.99% | 57.64% |
Sector Allocation | % of Total Investments |
Financials | 36.6% |
Consumer Discretionary | 27.8 |
Communication Services | 6.7 |
Materials | 5.8 |
Information Technology | 5.6 |
Energy | 5.3 |
Health Care | 3.2 |
Real Estate | 3.1 |
Consumer Staples | 3.0 |
Industrials | 2.9 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Lincoln National Corp. | 3.3% |
AutoNation, Inc. | 3.3 |
Prudential Financial, Inc. | 3.1 |
Bunge Ltd. | 3.0 |
Principal Financial Group, Inc. | 2.9 |
Popular, Inc. | 2.9 |
DISH Network Corp., Series A | 2.8 |
Nexstar Media Group, Inc., Class A | 2.8 |
Toll Brothers, Inc. | 2.7 |
Capital One Financial Corp. | 2.7 |
Total | 29.5% |
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 9/30/21 | Inception (9/5/18) to 9/30/21 | Inception (9/5/18) to 9/30/21 | |
Fund Performance | |||
NAV | 22.98% | 12.21% | 42.39% |
Market Price | 22.98% | 12.21% | 42.39% |
Index Performance | |||
Dorsey Wright Momentum Plus Low Volatility™ Index | 23.72% | 12.93% | 45.24% |
S&P 500® Index | 30.00% | 15.99% | 57.64% |
Sector Allocation | % of Total Investments |
Industrials | 29.4% |
Financials | 21.0 |
Consumer Discretionary | 15.1 |
Information Technology | 11.3 |
Health Care | 8.5 |
Real Estate | 5.9 |
Materials | 4.0 |
Communication Services | 3.8 |
Consumer Staples | 1.0 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Arthur J. Gallagher & Co. | 3.3% |
Yum! Brands, Inc. | 3.1 |
Nasdaq, Inc. | 3.1 |
Blackstone, Inc. | 3.1 |
Garmin Ltd. | 3.0 |
Agilent Technologies, Inc. | 3.0 |
Sherwin-Williams (The) Co. | 2.9 |
Accenture PLC, Class A | 2.8 |
Amphenol Corp., Class A | 2.8 |
Domino’s Pizza, Inc. | 2.6 |
Total | 29.7% |
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 | ||
Cumulative Total Returns | ||
Inception (12/15/20) to 9/30/21 | ||
Fund Performance | ||
NAV | 14.25% | |
Market Value | 14.48% | |
Index Performance | ||
The International Developed Capital Strength IndexSM | 16.00% | |
MSCI World ex USA Index | 11.29% |
Sector Allocation | % of Total Investments |
Industrials | 28.7% |
Health Care | 24.3 |
Consumer Discretionary | 13.6 |
Consumer Staples | 9.9 |
Financials | 9.8 |
Information Technology | 9.7 |
Materials | 2.1 |
Communication Services | 1.9 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Novo Nordisk A.S., Class B | 2.6% |
Sonova Holding AG | 2.5 |
Shionogi & Co., Ltd. | 2.5 |
Hoya Corp. | 2.4 |
Eurofins Scientific SE | 2.3 |
Nomura Research Institute Ltd. | 2.3 |
AstraZeneca PLC | 2.3 |
Alimentation Couche-Tard, Inc., Class B | 2.2 |
Wolters Kluwer N.V. | 2.2 |
Hermes International | 2.2 |
Total | 23.5% |
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 April 1, 2021 | Ending Account Value September 30, 2021 | Annualized Expense Ratio Based on the Six-Month Period | Expenses Paid During the Six-Month Period (a) | |
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) | ||||
Actual | $1,000.00 | $1,006.10 | 0.60% | $3.02 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
First Trust Indxx Innovative Transaction & Process ETF (LEGR) | ||||
Actual | $1,000.00 | $1,064.10 | 0.65% | $3.36 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.81 | 0.65% | $3.29 |
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) | ||||
Actual | $1,000.00 | $1,028.00 | 0.65% | $3.30 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.81 | 0.65% | $3.29 |
First Trust Dorsey Wright Momentum & Value ETF (DVLU) | ||||
Actual | $1,000.00 | $1,061.40 | 0.60% | $3.10 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) | ||||
Actual | $1,000.00 | $1,117.80 | 0.60% | $3.19 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
First Trust International Developed Capital Strength ETF (FICS) | ||||
Actual | $1,000.00 | $1,094.20 | 0.70% | $3.67 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.56 | 0.70% | $3.55 |
(a) | Expenses are equal to the annualized expense ratios as indicated in the table multiplied by the average account value over the period (April 1, 2021 through September 30, 2021), multiplied by 183/365 (to reflect the six-month period). |
Shares | Description | Value | ||
COMMON STOCKS – 99.9% | ||||
Aerospace & Defense – 1.0% | ||||
10,922 | Huntington Ingalls Industries, Inc. | $2,108,601 | ||
Air Freight & Logistics – 1.0% | ||||
17,220 | Expeditors International of Washington, Inc. | 2,051,419 | ||
Auto Components – 1.0% | ||||
49,632 | BorgWarner, Inc. | 2,144,599 | ||
Banks – 17.3% | ||||
105,042 | Associated Banc-Corp. | 2,250,000 | ||
53,547 | Cathay General Bancorp | 2,216,310 | ||
39,387 | Eagle Bancorp, Inc. | 2,264,753 | ||
29,497 | East West Bancorp, Inc. | 2,287,197 | ||
139,960 | First Horizon Corp. | 2,279,948 | ||
66,407 | Hilltop Holdings, Inc. | 2,169,517 | ||
102,616 | KeyCorp | 2,218,558 | ||
15,488 | M&T Bank Corp. | 2,312,978 | ||
29,087 | Popular, Inc. | 2,259,187 | ||
32,267 | Prosperity Bancshares, Inc. | 2,295,152 | ||
107,425 | Regions Financial Corp. | 2,289,227 | ||
8,144 | Signature Bank | 2,217,448 | ||
52,899 | Synovus Financial Corp. | 2,321,737 | ||
21,654 | Western Alliance Bancorp | 2,356,388 | ||
28,421 | Wintrust Financial Corp. | 2,284,196 | ||
37,309 | Zions Bancorp N.A. | 2,309,054 | ||
36,331,650 | ||||
Building Products – 5.9% | ||||
32,632 | A.O. Smith Corp. | 1,992,836 | ||
19,727 | Advanced Drainage Systems, Inc. | 2,133,870 | ||
15,385 | Allegion PLC | 2,033,589 | ||
10,677 | Carlisle Cos., Inc. | 2,122,481 | ||
19,961 | Simpson Manufacturing Co., Inc. | 2,135,228 | ||
30,578 | UFP Industries, Inc. | 2,078,693 | ||
12,496,697 | ||||
Capital Markets – 4.0% | ||||
15,415 | Evercore, Inc., Class A | 2,060,523 | ||
58,296 | Jefferies Financial Group, Inc. | 2,164,530 | ||
45,142 | Lazard Ltd., Class A | 2,067,504 | ||
23,894 | Raymond James Financial, Inc. | 2,204,938 | ||
8,497,495 | ||||
Chemicals – 2.1% | ||||
14,305 | Celanese Corp. | 2,154,905 | ||
19,098 | Stepan Co. | 2,156,928 | ||
4,311,833 | ||||
Commercial Services & Supplies – 2.0% | ||||
14,722 | Tetra Tech, Inc. | 2,198,584 | ||
9,562 | UniFirst Corp. | 2,033,072 | ||
4,231,656 |
Shares | Description | Value | ||
Construction & Engineering – 1.0% | ||||
42,398 | Arcosa, Inc. | $2,127,108 | ||
Consumer Finance – 2.0% | ||||
40,594 | Ally Financial, Inc. | 2,072,324 | ||
117,694 | SLM Corp. | 2,071,414 | ||
4,143,738 | ||||
Diversified Consumer Services – 1.0% | ||||
30,053 | Strategic Education, Inc. | 2,118,736 | ||
Electric Utilities – 1.0% | ||||
50,626 | NRG Energy, Inc. | 2,067,060 | ||
Electronic Equipment, Instruments & Components – 2.9% | ||||
23,979 | Cognex Corp. | 1,923,595 | ||
49,439 | Methode Electronics, Inc. | 2,078,910 | ||
104,062 | Vishay Intertechnology, Inc. | 2,090,606 | ||
6,093,111 | ||||
Food & Staples Retailing – 1.0% | ||||
11,081 | Casey’s General Stores, Inc. | 2,088,214 | ||
Food Products – 1.0% | ||||
527 | Seaboard Corp. | 2,160,695 | ||
Household Durables – 4.7% | ||||
50,075 | KB Home | 1,948,919 | ||
41,320 | MDC Holdings, Inc. | 1,930,471 | ||
43,797 | PulteGroup, Inc. | 2,011,158 | ||
33,869 | Toll Brothers, Inc. | 1,872,617 | ||
10,115 | Whirlpool Corp. | 2,062,044 | ||
9,825,209 | ||||
Insurance – 6.0% | ||||
16,134 | American Financial Group, Inc. | 2,030,141 | ||
18,295 | Cincinnati Financial Corp. | 2,089,655 | ||
91,275 | CNO Financial Group, Inc. | 2,148,613 | ||
54,030 | Employers Holdings, Inc. | 2,133,645 | ||
46,227 | Fidelity National Financial, Inc. | 2,095,932 | ||
31,681 | First American Financial Corp. | 2,124,211 | ||
12,622,197 | ||||
Internet & Direct Marketing Retail – 1.0% | ||||
17,856 | Shutterstock, Inc. | 2,023,442 | ||
IT Services – 3.9% | ||||
43,359 | Genpact Ltd. | 2,059,986 | ||
25,450 | Maximus, Inc. | 2,117,440 | ||
21,774 | TTEC Holdings, Inc. | 2,036,522 | ||
102,412 | Western Union (The) Co. | 2,070,771 | ||
8,284,719 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Leisure Products – 3.9% | ||||
42,024 | Acushnet Holdings Corp. | $1,962,521 | ||
21,867 | Brunswick Corp. | 2,083,269 | ||
19,508 | Johnson Outdoors, Inc., Class A | 2,063,946 | ||
28,670 | Sturm Ruger & Co., Inc. | 2,115,273 | ||
8,225,009 | ||||
Machinery – 6.8% | ||||
16,876 | AGCO Corp. | 2,067,816 | ||
23,201 | Crane Co. | 2,199,687 | ||
28,337 | Graco, Inc. | 1,982,740 | ||
9,871 | IDEX Corp. | 2,042,803 | ||
19,692 | Oshkosh Corp. | 2,015,870 | ||
9,974 | Snap-on, Inc. | 2,084,067 | ||
20,714 | Toro (The) Co. | 2,017,751 | ||
14,410,734 | ||||
Media – 2.0% | ||||
1,082 | Cable One, Inc. | 1,961,807 | ||
120,492 | EW Scripps (The) Co., Class A | 2,176,085 | ||
4,137,892 | ||||
Metals & Mining – 1.9% | ||||
20,371 | Royal Gold, Inc. | 1,945,227 | ||
39,767 | Worthington Industries, Inc. | 2,095,721 | ||
4,040,948 | ||||
Multiline Retail – 0.9% | ||||
44,679 | Big Lots, Inc. | 1,937,281 | ||
Oil, Gas & Consumable Fuels – 1.0% | ||||
64,809 | World Fuel Services Corp. | 2,178,879 | ||
Paper & Forest Products – 1.0% | ||||
34,897 | Louisiana-Pacific Corp. | 2,141,629 | ||
Personal Products – 1.8% | ||||
9,702 | Medifast, Inc. | 1,868,993 | ||
48,891 | Nu Skin Enterprises, Inc., Class A | 1,978,619 | ||
3,847,612 | ||||
Professional Services – 5.1% | ||||
26,653 | Booz Allen Hamilton Holding Corp. | 2,114,916 | ||
20,103 | Insperity, Inc. | 2,226,206 | ||
16,322 | Jacobs Engineering Group, Inc. | 2,163,155 | ||
34,924 | Kforce, Inc. | 2,082,867 | ||
21,074 | Robert Half International, Inc. | 2,114,354 | ||
10,701,498 | ||||
Road & Rail – 1.0% | ||||
13,302 | Landstar System, Inc. | 2,099,322 |
Shares | Description | Value | ||
Semiconductors & Semiconductor Equipment – 3.7% | ||||
78,141 | Amkor Technology, Inc. | $1,949,618 | ||
16,373 | CMC Materials, Inc. | 2,017,645 | ||
16,129 | Entegris, Inc. | 2,030,641 | ||
10,882 | Universal Display Corp. | 1,860,387 | ||
7,858,291 | ||||
Software – 2.0% | ||||
22,830 | Dolby Laboratories, Inc., Class A | 2,009,040 | ||
46,217 | Progress Software Corp. | 2,273,414 | ||
4,282,454 | ||||
Specialty Retail – 2.8% | ||||
15,974 | Dick’s Sporting Goods, Inc. | 1,913,206 | ||
34,373 | Rent-A-Center, Inc. | 1,932,106 | ||
11,491 | Williams-Sonoma, Inc. | 2,037,699 | ||
5,883,011 | ||||
Technology Hardware, Storage & Peripherals – 1.0% | ||||
23,668 | NetApp, Inc. | 2,124,440 | ||
Thrifts & Mortgage Finance – 2.1% | ||||
142,775 | MGIC Investment Corp. | 2,135,914 | ||
97,098 | Radian Group, Inc. | 2,206,067 | ||
4,341,981 | ||||
Trading Companies & Distributors – 2.1% | ||||
39,333 | Boise Cascade Co. | 2,123,195 | ||
58,123 | Global Industrial Co. | 2,202,281 | ||
4,325,476 | ||||
Wireless Telecommunication Services – 1.0% | ||||
107,375 | Telephone & Data Systems, Inc. | 2,093,812 | ||
Total Investments – 99.9% | 210,358,448 | |||
(Cost $214,914,283) (a) | ||||
Net Other Assets and Liabilities – 0.1% | 314,663 | |||
Net Assets – 100.0% | $210,673,111 |
(a) | Aggregate cost for federal income tax purposes was $215,839,569. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $5,040,390 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $10,521,511. The net unrealized depreciation was $5,481,121. |
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 210,358,448 | $ 210,358,448 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 99.9% | ||||
Aerospace & Defense – 2.6% | ||||
8,342 | Airbus SE (a) (b) | $1,105,948 | ||
5,308 | Boeing (The) Co. (b) | 1,167,441 | ||
3,256 | Lockheed Martin Corp. | 1,123,646 | ||
3,397,035 | ||||
Automobiles – 2.7% | ||||
12,222 | Bayerische Motoren Werke AG (a) | 1,160,834 | ||
14,032 | Daimler AG (a) | 1,238,067 | ||
1,505 | Tesla, Inc. (b) | 1,167,097 | ||
3,565,998 | ||||
Banks – 28.4% | ||||
55,950 | Australia & New Zealand Banking Group Ltd. (a) | 1,123,619 | ||
105,654 | Axis Bank Ltd. (a) (b) | 1,083,152 | ||
174,375 | Banco Bilbao Vizcaya Argentaria S.A. (a) | 1,150,981 | ||
313,896 | Banco Santander S.A. (a) | 1,137,046 | ||
27,749 | Bank of America Corp. | 1,177,945 | ||
3,189,875 | Bank of China Ltd., Class H (a) | 1,127,096 | ||
1,920,459 | Bank of Communications Co., Ltd., Class H (a) | 1,136,713 | ||
451,398 | Barclays PLC (a) | 1,146,993 | ||
17,886 | BNP Paribas S.A. (a) (c) | 1,144,359 | ||
370,235 | BOC Hong Kong Holdings Ltd. (a) | 1,115,674 | ||
3,641,197 | China CITIC Bank Corp., Ltd., Class H (a) | 1,641,190 | ||
2,333,469 | China Construction Bank Corp., Class H (a) | 1,665,357 | ||
132,968 | China Merchants Bank Co., Ltd., Class H (a) | 1,058,179 | ||
16,121 | Citigroup, Inc. | 1,131,372 | ||
50,400 | DBS Group Holdings Ltd. (a) | 1,116,795 | ||
14,980 | HDFC Bank, Ltd., ADR | 1,094,888 | ||
217,923 | HSBC Holdings PLC (a) | 1,139,449 | ||
58,158 | ICICI Bank, Ltd., ADR | 1,097,441 | ||
3,005,100 | Industrial & Commercial Bank of China Ltd., Class H (a) | 1,665,799 | ||
82,249 | ING Groep N.V., ADR (c) | 1,191,788 | ||
7,134 | JPMorgan Chase & Co. | 1,167,764 | ||
13,367 | KBC Group N.V. (a) | 1,205,764 | ||
45,924 | Kotak Mahindra Bank Ltd. (a) | 1,235,927 | ||
496,002 | Lloyds Banking Group PLC, ADR | 1,215,205 | ||
296,822 | Mitsubishi UFJ Financial Group, Inc., ADR (c) | 1,760,154 | ||
139,272 | Nordea Bank Abp (a) | 1,805,055 | ||
1,522,827 | Postal Savings Bank of China Co., Ltd., Class H (a) (d) (e) | 1,046,875 | ||
11,066 | Royal Bank of Canada | 1,101,096 | ||
95,316 | Sberbank of Russia PJSC, ADR (a) | 1,777,028 |
Shares | Description | Value | ||
Banks (Continued) | ||||
60,123 | Westpac Banking Corp. (a) | $1,111,884 | ||
37,572,588 | ||||
Capital Markets – 6.5% | ||||
21,480 | Bank of New York Mellon (The) Corp. | 1,113,523 | ||
5,903 | CME Group, Inc. | 1,141,522 | ||
6,655 | Deutsche Boerse AG (a) | 1,079,884 | ||
2,809 | Goldman Sachs Group (The), Inc. | 1,061,886 | ||
10,138 | London Stock Exchange Group PLC (a) | 1,015,911 | ||
5,738 | Nasdaq, Inc. | 1,107,549 | ||
658 | Partners Group Holding AG (a) | 1,026,901 | ||
68,482 | UBS Group AG (a) | 1,093,084 | ||
8,640,260 | ||||
Communications Equipment – 2.8% | ||||
19,384 | Cisco Systems, Inc. | 1,055,071 | ||
192,191 | Nokia Oyj, ADR (b) | 1,047,441 | ||
142,908 | Telefonaktiebolaget LM Ericsson, Class B (a) | 1,612,993 | ||
3,715,505 | ||||
Diversified Telecommunication Services – 4.6% | ||||
62,135 | AT&T, Inc. | 1,678,266 | ||
81,308 | Deutsche Telekom AG (a) | 1,630,567 | ||
2,925 | Swisscom AG (a) | 1,683,282 | ||
20,864 | Verizon Communications, Inc. | 1,126,864 | ||
6,118,979 | ||||
Electric Utilities – 1.5% | ||||
93,544 | Iberdrola S.A. (a) | 941,093 | ||
10,235 | Verbund AG (a) | 1,035,116 | ||
1,976,209 | ||||
Electronic Equipment, Instruments & Components – 0.8% | ||||
1,773 | Samsung SDI Co., Ltd. (a) | 1,057,985 | ||
Food & Staples Retailing – 1.6% | ||||
24,623 | Kroger (The) Co. | 995,508 | ||
7,757 | Walmart, Inc. | 1,081,171 | ||
2,076,679 | ||||
Household Durables – 1.6% | ||||
561,093 | Haier Smart Home Co., Ltd., Class D (a) | 961,203 | ||
10,331 | Sony Corp., ADR | 1,142,402 | ||
2,103,605 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Industrial Conglomerates – 1.2% | ||||
7,642 | Honeywell International, Inc. | $1,622,244 | ||
Insurance – 4.2% | ||||
94,607 | AIA Group Ltd. (a) | 1,088,398 | ||
4,951 | Allianz SE (a) | 1,109,250 | ||
20,770 | American International Group, Inc. | 1,140,065 | ||
41,162 | AXA S.A. (a) | 1,140,733 | ||
132,074 | China Life Insurance Co., Ltd., ADR (c) | 1,077,724 | ||
5,556,170 | ||||
Interactive Media & Services – 1.2% | ||||
10,410 | Baidu, Inc., ADR (b) | 1,600,537 | ||
Internet & Direct Marketing Retail – 3.5% | ||||
10,184 | Alibaba Group Holding Ltd., ADR (b) | 1,507,741 | ||
490 | Amazon.com, Inc. (b) | 1,609,670 | ||
21,228 | JD.com, Inc., ADR (b) | 1,533,511 | ||
4,650,922 | ||||
IT Services – 13.1% | ||||
4,994 | Accenture PLC, Class A | 1,597,680 | ||
7,609 | Capgemini SE (a) | 1,577,930 | ||
22,278 | Cognizant Technology Solutions Corp., Class A | 1,653,250 | ||
8,700 | Fujitsu Ltd. (a) | 1,572,183 | ||
74,302 | Infosys Ltd., ADR | 1,653,219 | ||
12,368 | International Business Machines Corp. | 1,718,286 | ||
4,848 | Mastercard, Inc., Class A | 1,685,553 | ||
5,938 | PayPal Holdings, Inc. (b) | 1,545,127 | ||
33,028 | Tata Consultancy Services Ltd. (a) | 1,673,802 | ||
4,992 | Visa, Inc., Class A | 1,111,968 | ||
180,867 | Wipro Ltd., ADR | 1,597,056 | ||
17,386,054 | ||||
Marine – 1.1% | ||||
550 | AP Moller - Maersk A.S., Class B (a) | 1,488,900 | ||
Metals & Mining – 1.6% | ||||
37,614 | BHP Group Ltd. (a) | 1,004,589 | ||
15,762 | Rio Tinto PLC, ADR | 1,053,217 | ||
2,057,806 | ||||
Multi-Utilities – 1.2% | ||||
120,103 | Engie S.A. (a) | 1,571,331 | ||
Oil, Gas & Consumable Fuels – 2.4% | ||||
191,348 | Gazprom PJSC, ADR (a) | 1,891,195 |
Shares | Description | Value | ||
Oil, Gas & Consumable Fuels (Continued) | ||||
28,865 | Royal Dutch Shell PLC, ADR, Class A | $1,286,513 | ||
3,177,708 | ||||
Semiconductors & Semiconductor Equipment – 7.0% | ||||
16,051 | Advanced Micro Devices, Inc. (b) | 1,651,648 | ||
26,180 | Infineon Technologies AG (a) | 1,070,715 | ||
31,904 | Intel Corp. | 1,699,845 | ||
23,381 | Micron Technology, Inc. | 1,659,583 | ||
7,683 | NVIDIA Corp. | 1,591,610 | ||
13,887 | Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 1,550,484 | ||
9,223,885 | ||||
Software – 7.1% | ||||
5,732 | Microsoft Corp. | 1,615,965 | ||
19,028 | Oracle Corp. | 1,657,910 | ||
6,535 | salesforce.com, Inc. (b) | 1,772,423 | ||
11,696 | SAP SE (a) | 1,581,641 | ||
11,706 | VMware, Inc., Class A (b) (c) | 1,740,682 | ||
4,208 | Workday, Inc., Class A (b) | 1,051,537 | ||
9,420,158 | ||||
Specialty Retail – 0.8% | ||||
3,423 | Home Depot (The), Inc. | 1,123,634 | ||
Technology Hardware, Storage & Peripherals – 1.2% | ||||
26,458 | Samsung Electronics Co., Ltd. (a) | 1,640,253 | ||
Wireless Telecommunication Services – 1.2% | ||||
118,100 | Softbank Corp. (a) | 1,602,002 | ||
Total Common Stocks | 132,346,447 | |||
(Cost $116,967,023) | ||||
MONEY MARKET FUNDS – 2.0% | ||||
2,623,642 | Goldman Sachs Financial Square Treasury Obligations Fund - Institutional Class - 0.01% (f) (g) | 2,623,642 | ||
(Cost $2,623,642) |
Principal Value | Description | Value | ||
REPURCHASE AGREEMENTS – 2.0% | ||||
$2,722,196 | BNP Paribas S.A., 0.03% (f), dated 9/30/21, due 10/1/21, with a maturity value of $2,722,198. Collateralized by U.S. Treasury Note, interest rates of 0.375% to 0.750%, due 4/15/24 to 1/31/28. The value of the collateral including accrued interest is $2,791,343 (g) | $2,722,196 | ||
(Cost $2,722,196) | ||||
Total Investments – 103.9% | 137,692,285 | |||
(Cost $122,312,861) (h) | ||||
Net Other Assets and Liabilities – (3.9)% | (5,180,235) | |||
Net Assets – 100.0% | $132,512,050 |
(a) | 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 provisions of the Investment Company Act of 1940, as amended. At September 30, 2021, securities noted as such are valued at $63,290,725 or 47.8% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets’ close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded. |
(b) | Non-income producing security. |
(c) | All or a portion of this security is on loan. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $5,104,400 and the total value of the collateral held by the Fund is $5,345,838. |
(d) | 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”). |
(e) | 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. |
(f) | Rate shown reflects yield as of September 30, 2021. |
(g) | This security serves as collateral for securities on loan. |
(h) | Aggregate cost for federal income tax purposes was $123,659,774. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $17,602,832 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $3,570,321. The net unrealized appreciation was $14,032,511. |
ADR | American Depositary Receipt |
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Aerospace & Defense | $ 3,397,035 | $ 2,291,087 | $ 1,105,948 | $ — |
Automobiles | 3,565,998 | 1,167,097 | 2,398,901 | — |
Banks | 37,572,588 | 10,937,653 | 26,634,935 | — |
Capital Markets | 8,640,260 | 4,424,480 | 4,215,780 | — |
Communications Equipment | 3,715,505 | 2,102,512 | 1,612,993 | — |
Diversified Telecommunication Services | 6,118,979 | 2,805,130 | 3,313,849 | — |
Food & Staples Retailing | 2,076,679 | 2,076,679 | — | — |
Household Durables | 2,103,605 | 1,142,402 | 961,203 | — |
Industrial Conglomerates | 1,622,244 | 1,622,244 | — | — |
Insurance | 5,556,170 | 2,217,789 | 3,338,381 | — |
Interactive Media & Services | 1,600,537 | 1,600,537 | — | — |
Internet & Direct Marketing Retail | 4,650,922 | 4,650,922 | — | — |
IT Services | 17,386,054 | 12,562,139 | 4,823,915 | — |
Metals & Mining | 2,057,806 | 1,053,217 | 1,004,589 | — |
Oil, Gas & Consumable Fuels | 3,177,708 | 1,286,513 | 1,891,195 | — |
Semiconductors & Semiconductor Equipment | 9,223,885 | 8,153,170 | 1,070,715 | — |
Software | 9,420,158 | 7,838,517 | 1,581,641 | — |
Specialty Retail | 1,123,634 | 1,123,634 | — | — |
Other industry categories* | 9,336,680 | — | 9,336,680 | — |
Money Market Funds | 2,623,642 | 2,623,642 | — | — |
Repurchase Agreements | 2,722,196 | — | 2,722,196 | — |
Total Investments | $ 137,692,285 | $ 71,679,364 | $ 66,012,921 | $— |
* | See Portfolio of Investments for industry breakout. |
Security Lending Agency Agreement | |
Total gross amount presented on the Statements of Assets and Liabilities (1) | $5,104,400 |
Non-cash Collateral (2) | (5,104,400) |
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 September 30, 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. |
Repurchase Agreements | |
Total gross amount presented on the Statements of Assets and Liabilities (3) | $2,722,196 |
Non-cash Collateral (4) | (2,722,196) |
Net Amount | $— |
(3) | The amount is included in “Investments, at value” on the Statements of Assets and Liabilities. |
(4) | At September 30, 2021, the value of the collateral received from each seller exceeded the value of the repurchase agreements. |
Currency Exposure Diversification | % of Total Investments |
United States Dollar | 55.9% |
Euro | 17.2 |
Hong Kong Dollar | 8.4 |
Indian Rupee | 2.9 |
Swiss Franc | 2.8 |
British Pound Sterling | 2.4 |
Australian Dollar | 2.3 |
Japanese Yen | 2.3 |
South Korean Won | 1.9 |
Swedish Krona | 1.2 |
Danish Krone | 1.1 |
Singapore Dollar | 0.8 |
Canadian Dollar | 0.8 |
Total | 100.0% |
Shares | Description | Value | ||
COMMON STOCKS – 99.0% | ||||
Aerospace & Defense – 6.1% | ||||
54,254 | AeroVironment, Inc. (a) | $4,683,205 | ||
38,136 | Elbit Systems Ltd. (b) | 5,522,033 | ||
2,830 | Northrop Grumman Corp. | 1,019,225 | ||
1,166,868 | QinetiQ Group PLC (b) | 5,050,769 | ||
16,275,232 | ||||
Auto Components – 4.1% | ||||
6,839 | Aptiv PLC (a) | 1,018,806 | ||
7,747 | Continental AG (a) (b) | 841,004 | ||
14,600 | Denso Corp. (b) | 953,341 | ||
180,299 | Gentex Corp. | 5,946,261 | ||
13,195 | Magna International, Inc. | 992,792 | ||
36,629 | Valeo S.A. (b) | 1,022,237 | ||
1,310 | Vitesco Technologies Group AG (a) | 77,389 | ||
10,851,830 | ||||
Automobiles – 0.8% | ||||
26,488 | NIO, Inc., ADR (a) | 943,767 | ||
1,414 | Tesla, Inc. (a) | 1,096,529 | ||
2,040,296 | ||||
Communications Equipment – 1.9% | ||||
97,203 | Ciena Corp. (a) | 4,991,374 | ||
Electrical Equipment – 3.3% | ||||
49,331 | ABB Ltd. (b) | 1,650,212 | ||
9,871 | Emerson Electric Co. | 929,848 | ||
76,200 | Mitsubishi Electric Corp. (b) | 1,058,997 | ||
16,100 | Nidec Corp. (b) | 1,774,864 | ||
5,612 | Rockwell Automation, Inc. | 1,650,152 | ||
10,226 | Schneider Electric SE (b) | 1,703,182 | ||
8,767,255 | ||||
Electronic Equipment, Instruments & Components – 11.1% | ||||
20,612 | Cognex Corp. | 1,653,495 | ||
187,154 | Delta Electronics, Inc. (b) | 1,676,932 | ||
26,497 | FARO Technologies, Inc. (a) | 1,743,768 | ||
320,885 | Hexagon AB, Class B (b) | 4,963,447 | ||
2,900 | Keyence Corp. (b) | 1,730,926 | ||
43,681 | National Instruments Corp. | 1,713,606 | ||
19,400 | Omron Corp. (b) | 1,919,680 | ||
326,800 | Topcon Corp. (b) | 5,683,244 | ||
58,937 | Trimble, Inc. (a) | 4,847,568 | ||
116,600 | Yokogawa Electric Corp. (b) | 2,033,686 | ||
3,111 | Zebra Technologies Corp., Class A (a) | 1,603,472 | ||
29,569,824 | ||||
Entertainment – 0.4% | ||||
59,100 | DeNA Co., Ltd. (b) | 1,096,230 |
Shares | Description | Value | ||
Health Care Equipment & Supplies – 3.8% | ||||
2,524,184 | Asensus Surgical, Inc. (a) (c) | $4,669,740 | ||
450,000 | CYBERDYNE, Inc. (a) (b) (c) | 1,753,739 | ||
1,732 | Intuitive Surgical, Inc. (a) | 1,721,868 | ||
7,801 | Medtronic PLC | 977,855 | ||
3,760 | Stryker Corp. | 991,587 | ||
10,114,789 | ||||
Health Care Technology – 0.7% | ||||
6,705 | Omnicell, Inc. (a) | 995,223 | ||
7,209 | Teladoc Health, Inc. (a) | 914,173 | ||
1,909,396 | ||||
Household Durables – 2.4% | ||||
68,459 | iRobot Corp. (a) | 5,374,032 | ||
10,100 | Sony Group Corp. (b) | 1,121,289 | ||
6,495,321 | ||||
Industrial Conglomerates – 0.4% | ||||
6,265 | Siemens AG (b) | 1,024,647 | ||
Interactive Media & Services – 1.1% | ||||
362 | Alphabet, Inc., Class A (a) | 967,814 | ||
6,630 | Baidu, Inc., ADR (a) | 1,019,363 | ||
2,747 | NAVER Corp. (b) | 891,311 | ||
2,878,488 | ||||
Internet & Direct Marketing Retail – 1.1% | ||||
6,233 | Alibaba Group Holding Ltd., ADR (a) | 922,796 | ||
300 | Amazon.com, Inc. (a) | 985,512 | ||
13,256 | JD.com, Inc., ADR (a) | 957,613 | ||
2,865,921 | ||||
IT Services – 5.3% | ||||
9,194 | Akamai Technologies, Inc. (a) | 961,600 | ||
107,013 | Atos SE (b) | 5,684,728 | ||
7,777 | Endava PLC, ADR (a) | 1,056,505 | ||
7,418 | International Business Machines Corp. | 1,030,583 | ||
29,200 | Obic Co., Ltd. (b) | 5,552,613 | ||
14,286,029 | ||||
Life Sciences Tools & Services – 2.5% | ||||
12,145 | Illumina, Inc. (a) | 4,926,133 | ||
2,996 | Tecan Group AG (b) | 1,696,886 | ||
6,623,019 | ||||
Machinery – 9.2% | ||||
31,802 | ANDRITZ AG (b) | 1,742,932 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Machinery (Continued) | ||||
50,599 | ATS Automation Tooling Systems, Inc. (a) | $1,605,138 | ||
32,924 | Cargotec OYJ, Class B (b) | 1,666,660 | ||
20,600 | Daifuku Co., Ltd. (b) | 1,931,988 | ||
2,757 | Deere & Co. | 923,788 | ||
37,126 | Duerr AG (b) | 1,592,503 | ||
8,400 | FANUC Corp. (b) | 1,841,800 | ||
29,700 | Hirata Corp. (b) | 1,816,992 | ||
12,520 | John Bean Technologies Corp. | 1,759,686 | ||
48,900 | Kawasaki Heavy Industries, Ltd. (b) | 1,124,957 | ||
24,630 | Proto Labs, Inc. (a) | 1,640,358 | ||
54,588 | SFA Engineering Corp. (b) | 1,693,952 | ||
76,500 | Shibaura Machine Co., Ltd. (b) | 1,878,853 | ||
45,569 | Valmet Oyj (b) | 1,645,226 | ||
37,400 | Yaskawa Electric Corp. (b) | 1,795,894 | ||
24,660,727 | ||||
Pharmaceuticals – 0.4% | ||||
6,013 | Johnson & Johnson | 971,100 | ||
Semiconductors & Semiconductor Equipment – 8.5% | ||||
9,404 | Advanced Micro Devices, Inc. (a) | 967,672 | ||
53,617 | Ambarella, Inc. (a) | 8,350,312 | ||
21,501 | Brooks Automation, Inc. | 2,200,627 | ||
19,262 | Intel Corp. | 1,026,279 | ||
5,375 | KLA Corp. | 1,797,991 | ||
8,162 | NVIDIA Corp. | 1,690,840 | ||
8,492 | NXP Semiconductors N.V. | 1,663,328 | ||
12,455 | QUALCOMM, Inc. | 1,606,446 | ||
15,347 | Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 1,713,492 | ||
15,040 | Teradyne, Inc. | 1,641,917 | ||
22,658,904 | ||||
Software – 34.1% | ||||
15,199 | ANSYS, Inc. (a) | 5,174,500 | ||
51,802 | Appian Corp. (a) | 4,792,203 | ||
3,360 | Autodesk, Inc. (a) | 958,171 | ||
5,795 | Avalara, Inc. (a) | 1,012,792 | ||
97,561 | AVEVA Group PLC (b) | 4,715,236 | ||
486,696 | BlackBerry Ltd. (a) (c) | 4,735,552 | ||
366,819 | Blue Prism Group PLC (a) (b) | 5,658,773 | ||
5,100,887 | BrainChip Holdings Ltd. (a) (b) (c) | 1,436,077 | ||
33,970 | Cadence Design Systems, Inc. (a) | 5,144,417 | ||
97,388 | Dassault Systemes SE (b) | 5,125,094 | ||
80,798 | Dynatrace, Inc. (a) | 5,734,234 | ||
3,447 | Microsoft Corp. | 971,778 | ||
8,070 | Netcompany Group A.S. (b) (d) (e) | 930,831 |
Shares | Description | Value | ||
Software (Continued) | ||||
19,103 | Nice Ltd., ADR (a) | $5,426,016 | ||
12,043 | Palo Alto Networks, Inc. (a) | 5,768,597 | ||
40,346 | Pegasystems, Inc. | 5,127,977 | ||
325,800 | PKSHA Technology, Inc. (a) (b) (c) | 5,547,074 | ||
128,426 | PROS Holdings, Inc. (a) | 4,556,555 | ||
7,908 | PTC, Inc. (a) | 947,299 | ||
8,626 | ServiceNow, Inc. (a) | 5,367,701 | ||
16,714 | Synopsys, Inc. (a) | 5,004,339 | ||
87,869 | UiPath, Inc., Class A (a) | 4,622,788 | ||
87,527 | Veritone, Inc. (a) | 2,091,020 | ||
90,849,024 | ||||
Technology Hardware, Storage & Peripherals – 1.4% | ||||
60,010 | 3D Systems Corp. (a) | 1,654,476 | ||
15,738 | Samsung Electronics Co., Ltd. (b) | 975,671 | ||
56,000 | Seiko Epson Corp. (b) | 1,130,639 | ||
3,760,786 | ||||
Wireless Telecommunication Services – 0.4% | ||||
18,600 | SoftBank Group Corp. (b) | 1,074,806 | ||
Total Common Stocks | 263,764,998 | |||
(Cost $231,512,257) | ||||
REAL ESTATE INVESTMENT TRUSTS – 0.4% | ||||
Equity Real Estate Investment Trusts – 0.4% | ||||
1,233 | Equinix, Inc. | 974,230 | ||
(Cost $876,295) | ||||
MONEY MARKET FUNDS – 2.0% | ||||
5,416,876 | Goldman Sachs Financial Square Treasury Obligations Fund - Institutional Class - 0.01% (f) (g) | 5,416,876 | ||
(Cost $5,416,876) |
Principal Value | Description | Value | ||
REPURCHASE AGREEMENTS – 2.1% | ||||
$5,620,352 | BNP Paribas S.A., 0.03% (f), dated 9/30/21, due 10/1/21, with a maturity value of $5,620,357. Collateralized by U.S. Treasury Note, interest rates of 0.375% to 0.750%, due 4/15/24 to 1/31/28. The value of the collateral including accrued interest is $5,763,116 (g) | $5,620,352 | ||
(Cost $5,620,352) | ||||
Total Investments – 103.5% | 275,776,456 | |||
(Cost $243,425,780) (h) | ||||
Net Other Assets and Liabilities – (3.5)% | (9,284,435) | |||
Net Assets – 100.0% | $266,492,021 |
(a) | Non-income producing security. |
(b) | 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 provisions of the Investment Company Act of 1940, as amended. At September 30, 2021, securities noted as such are valued at $101,731,955 or 38.2% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets’ close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded. |
(c) | All or a portion of this security is on loan. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $10,518,979 and the total value of the collateral held by the Fund is $11,037,228. |
(d) | 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”). |
(e) | 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. |
(f) | Rate shown reflects yield as of September 30, 2021. |
(g) | This security serves as collateral for securities on loan. |
(h) | Aggregate cost for federal income tax purposes was $247,762,304. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $43,996,956 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $15,982,804. The net unrealized appreciation was $28,014,152. |
ADR | American Depositary Receipt |
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Aerospace & Defense | $ 16,275,232 | $ 5,702,430 | $ 10,572,802 | $ — |
Auto Components | 10,851,830 | 8,035,248 | 2,816,582 | — |
Electrical Equipment | 8,767,255 | 2,580,000 | 6,187,255 | — |
Electronic Equipment, Instruments & Components | 29,569,824 | 11,561,909 | 18,007,915 | — |
Entertainment | 1,096,230 | — | 1,096,230 | — |
Health Care Equipment & Supplies | 10,114,789 | 8,361,050 | 1,753,739 | — |
Household Durables | 6,495,321 | 5,374,032 | 1,121,289 | — |
Industrial Conglomerates | 1,024,647 | — | 1,024,647 | — |
Interactive Media & Services | 2,878,488 | 1,987,177 | 891,311 | — |
IT Services | 14,286,029 | 3,048,688 | 11,237,341 | — |
Life Sciences Tools & Services | 6,623,019 | 4,926,133 | 1,696,886 | — |
Machinery | 24,660,727 | 5,928,970 | 18,731,757 | — |
Software | 90,849,024 | 67,435,939 | 23,413,085 | — |
Technology Hardware, Storage & Peripherals | 3,760,786 | 1,654,476 | 2,106,310 | — |
Wireless Telecommunication Services | 1,074,806 | — | 1,074,806 | — |
Other industry categories* | 35,436,991 | 35,436,991 | — | — |
Real Estate Investment Trusts* | 974,230 | 974,230 | — | — |
Money Market Funds | 5,416,876 | 5,416,876 | — | — |
Repurchase Agreements | 5,620,352 | — | 5,620,352 | — |
Total Investments | $ 275,776,456 | $ 168,424,149 | $ 107,352,307 | $— |
* | See Portfolio of Investments for industry breakout. |
Security Lending Agency Agreement | |
Total gross amount presented on the Statements of Assets and Liabilities (1) | $10,518,979 |
Non-cash Collateral (2) | (10,518,979) |
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 September 30, 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. |
Repurchase Agreements | |
Total gross amount presented on the Statements of Assets and Liabilities (3) | $5,620,352 |
Non-cash Collateral (4) | (5,620,352) |
Net Amount | $— |
(3) | The amount is included in “Investments, at value” on the Statements of Assets and Liabilities. |
(4) | At September 30, 2021, the value of the collateral received from each seller exceeded the value of the repurchase agreements. |
Currency Exposure Diversification | % of Total Investments |
United States Dollar | 62.5% |
Japanese Yen | 15.5 |
Euro | 8.0 |
British Pound Sterling | 5.6 |
Israeli Shekel | 2.0 |
Swedish Krona | 1.8 |
South Korean Won | 1.3 |
Swiss Franc | 1.2 |
New Taiwan Dollar | 0.6 |
Canadian Dollar | 0.6 |
Australian Dollar | 0.5 |
Danish Krone | 0.4 |
Total | 100.0% |
Shares | Description | Value | ||
COMMON STOCKS – 98.9% | ||||
Automobiles – 4.9% | ||||
42,847 | Ford Motor Co. (a) | $606,713 | ||
12,576 | General Motors Co. (a) | 662,881 | ||
1,269,594 | ||||
Banks – 11.1% | ||||
11,901 | Citizens Financial Group, Inc. | 559,109 | ||
5,235 | Comerica, Inc. | 421,417 | ||
8,074 | Fifth Third Bancorp | 342,661 | ||
30,977 | First Horizon Corp. | 504,615 | ||
9,512 | Popular, Inc. | 738,797 | ||
6,799 | Wells Fargo & Co. | 315,542 | ||
2,882,141 | ||||
Building Products – 1.5% | ||||
4,446 | Owens Corning | 380,133 | ||
Capital Markets – 6.4% | ||||
15,511 | Franklin Resources, Inc. | 460,987 | ||
3,128 | Morgan Stanley | 304,386 | ||
3,310 | Raymond James Financial, Inc. | 305,447 | ||
8,510 | Stifel Financial Corp. | 578,339 | ||
1,649,159 | ||||
Chemicals – 3.3% | ||||
3,315 | Eastman Chemical Co. | 333,953 | ||
5,637 | LyondellBasell Industries N.V., Class A | 529,033 | ||
862,986 | ||||
Consumer Finance – 8.4% | ||||
13,581 | Ally Financial, Inc. | 693,310 | ||
4,289 | Capital One Financial Corp. | 694,689 | ||
7,923 | OneMain Holdings, Inc. | 438,380 | ||
7,034 | Synchrony Financial | 343,822 | ||
2,170,201 | ||||
Distributors – 1.2% | ||||
6,088 | LKQ Corp. (a) | 306,348 | ||
Food Products – 3.0% | ||||
9,392 | Bunge Ltd. | 763,757 | ||
Health Care Providers & Services – 3.2% | ||||
2,030 | HCA Healthcare, Inc. | 492,721 | ||
1,220 | Laboratory Corp of America Holdings (a) | 343,357 | ||
836,078 | ||||
Household Durables – 13.7% | ||||
7,483 | DR Horton, Inc. | 628,347 | ||
7,083 | Lennar Corp., Class A | 663,535 | ||
14,864 | Newell Brands, Inc. | 329,089 | ||
13,318 | PulteGroup, Inc. | 611,563 | ||
12,662 | Toll Brothers, Inc. | 700,082 |
Shares | Description | Value | ||
Household Durables (Continued) | ||||
3,007 | Whirlpool Corp. | $613,007 | ||
3,545,623 | ||||
Insurance – 10.6% | ||||
2,705 | American Financial Group, Inc. | 340,370 | ||
12,408 | Lincoln National Corp. | 853,050 | ||
11,762 | Principal Financial Group, Inc. | 757,473 | ||
7,548 | Prudential Financial, Inc. | 794,050 | ||
2,744,943 | ||||
IT Services – 2.2% | ||||
17,114 | DXC Technology Co. (a) | 575,202 | ||
Media – 6.7% | ||||
16,868 | DISH Network Corp., Series A (a) | 733,083 | ||
7,853 | Interpublic Group of (The) Cos., Inc. | 287,970 | ||
4,744 | Nexstar Media Group, Inc., Class A | 720,898 | ||
1,741,951 | ||||
Metals & Mining – 2.5% | ||||
32,801 | Cleveland-Cliffs, Inc. (a) | 649,788 | ||
Oil, Gas & Consumable Fuels – 5.3% | ||||
15,525 | APA Corp. | 332,700 | ||
21,117 | Occidental Petroleum Corp. | 624,641 | ||
8,280 | Targa Resources Corp. | 407,459 | ||
1,364,800 | ||||
Professional Services – 1.4% | ||||
3,342 | ManpowerGroup, Inc. | 361,872 | ||
Real Estate Management & Development – 2.1% | ||||
2,132 | Jones Lang LaSalle, Inc. (a) | 528,928 | ||
Specialty Retail – 7.1% | ||||
6,908 | AutoNation, Inc. (a) | 841,118 | ||
8,662 | Bath & Body Works, Inc. | 545,966 | ||
9,546 | Foot Locker, Inc. | 435,870 | ||
1,822,954 | ||||
Technology Hardware, Storage & Peripherals – 3.4% | ||||
23,968 | HP, Inc. | 655,764 | ||
3,949 | Western Digital Corp. (a) | 222,882 | ||
878,646 | ||||
Textiles, Apparel & Luxury Goods – 0.9% | ||||
6,344 | Tapestry, Inc. | 234,855 | ||
Total Common Stocks | 25,569,959 | |||
(Cost $25,975,363) |
Shares | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS – 1.0% | ||||
Equity Real Estate Investment Trusts – 1.0% | ||||
7,473 | Weyerhaeuser Co. | $265,815 | ||
(Cost $254,322) | ||||
Total Investments – 99.9% | 25,835,774 | |||
(Cost $26,229,685) (b) | ||||
Net Other Assets and Liabilities – 0.1% | 28,464 | |||
Net Assets – 100.0% | $25,864,238 |
(a) | Non-income producing security. |
(b) | Aggregate cost for federal income tax purposes was $26,239,377. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $921,630 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $1,325,233. The net unrealized depreciation was $403,603. |
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 25,569,959 | $ 25,569,959 | $ — | $ — |
Real Estate Investment Trusts* | 265,815 | 265,815 | — | — |
Total Investments | $ 25,835,774 | $ 25,835,774 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 94.0% | ||||
Banks – 1.0% | ||||
6,537 | First Republic Bank | $1,260,856 | ||
Building Products – 4.9% | ||||
8,017 | Carlisle Cos., Inc. | 1,593,699 | ||
39,544 | Johnson Controls International PLC | 2,692,156 | ||
9,238 | Trane Technologies PLC | 1,594,941 | ||
5,880,796 | ||||
Capital Markets – 16.6% | ||||
28,816 | Ares Management Corp., Class A | 2,127,485 | ||
3,580 | BlackRock, Inc. | 3,002,403 | ||
31,992 | Blackstone, Inc. | 3,721,949 | ||
41,781 | Carlyle Group (The), Inc. | 1,975,406 | ||
25,014 | KKR & Co., Inc. | 1,522,853 | ||
5,905 | Morningstar, Inc. | 1,529,572 | ||
19,395 | Nasdaq, Inc. | 3,743,623 | ||
12,666 | T Rowe Price Group, Inc. | 2,491,402 | ||
20,114,693 | ||||
Chemicals – 2.9% | ||||
12,597 | Sherwin-Williams (The) Co. | 3,523,759 | ||
Commercial Services & Supplies – 1.9% | ||||
16,074 | MSA Safety, Inc. | 2,341,982 | ||
Containers & Packaging – 1.0% | ||||
12,494 | Crown Holdings, Inc. | 1,259,145 | ||
Diversified Consumer Services – 1.5% | ||||
29,792 | Service Corp. International | 1,795,266 | ||
Electrical Equipment – 4.4% | ||||
24,585 | AMETEK, Inc. | 3,048,786 | ||
7,594 | Rockwell Automation, Inc. | 2,232,940 | ||
5,281,726 | ||||
Electronic Equipment, Instruments & Components – 4.7% | ||||
46,845 | Amphenol Corp., Class A | 3,430,459 | ||
13,673 | Keysight Technologies, Inc. (a) | 2,246,337 | ||
5,676,796 | ||||
Entertainment – 1.1% | ||||
28,875 | Liberty Media Corp.-Liberty Formula One, Class A (a) | 1,358,569 | ||
Health Care Equipment & Supplies – 1.5% | ||||
4,235 | West Pharmaceutical Services, Inc. | 1,797,927 |
Shares | Description | Value | ||
Health Care Providers & Services – 2.5% | ||||
10,630 | Laboratory Corp of America Holdings (a) | $2,991,707 | ||
Hotels, Restaurants & Leisure – 8.2% | ||||
6,656 | Domino’s Pizza, Inc. | 3,174,646 | ||
27,052 | Starbucks Corp. | 2,984,106 | ||
30,976 | Yum! Brands, Inc. | 3,788,674 | ||
9,947,426 | ||||
Household Durables – 3.0% | ||||
23,358 | Garmin Ltd. | 3,631,235 | ||
Industrial Conglomerates – 2.5% | ||||
14,233 | Honeywell International, Inc. | 3,021,381 | ||
Insurance – 3.3% | ||||
27,132 | Arthur J. Gallagher & Co. | 4,033,172 | ||
Interactive Media & Services – 1.0% | ||||
467 | Alphabet, Inc., Class A (a) | 1,248,534 | ||
IT Services – 5.5% | ||||
10,760 | Accenture PLC, Class A | 3,442,339 | ||
15,864 | Automatic Data Processing, Inc. | 3,171,531 | ||
6,613,870 | ||||
Life Sciences Tools & Services – 4.6% | ||||
22,825 | Agilent Technologies, Inc. | 3,595,622 | ||
8,185 | IQVIA Holdings, Inc. (a) | 1,960,635 | ||
5,556,257 | ||||
Machinery – 9.6% | ||||
43,989 | Graco, Inc. | 3,077,910 | ||
14,619 | IDEX Corp. | 3,025,402 | ||
31,275 | Toro (The) Co. | 3,046,498 | ||
20,415 | Xylem, Inc. | 2,524,927 | ||
11,674,737 | ||||
Multiline Retail – 1.4% | ||||
7,180 | Target Corp. | 1,642,569 | ||
Personal Products – 1.0% | ||||
4,073 | Estee Lauder (The) Cos., Inc., Class A | 1,221,615 | ||
Professional Services – 1.1% | ||||
10,403 | Jacobs Engineering Group, Inc. | 1,378,710 | ||
Road & Rail – 5.0% | ||||
8,705 | JB Hunt Transport Services, Inc. | 1,455,650 | ||
11,161 | Norfolk Southern Corp. | 2,670,269 | ||
6,540 | Old Dominion Freight Line, Inc. | 1,870,309 | ||
5,996,228 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Software – 1.1% | ||||
4,835 | Microsoft Corp. | $1,363,083 | ||
Specialty Retail – 1.0% | ||||
6,182 | Lowe’s Cos., Inc. | 1,254,080 | ||
Wireless Telecommunication Services – 1.7% | ||||
15,972 | T-Mobile US, Inc. (a) | 2,040,583 | ||
Total Common Stocks | 113,906,702 | |||
(Cost $104,658,077) | ||||
REAL ESTATE INVESTMENT TRUSTS – 5.9% | ||||
Equity Real Estate Investment Trusts – 5.9% | ||||
13,428 | EastGroup Properties, Inc. | 2,237,508 | ||
2,299 | Equinix, Inc. | 1,816,509 | ||
18,082 | Extra Space Storage, Inc. | 3,037,595 | ||
Total Real Estate Investment Trusts | 7,091,612 | |||
(Cost $6,872,417) | ||||
Total Investments – 99.9% | 120,998,314 | |||
(Cost $111,530,494) (b) | ||||
Net Other Assets and Liabilities – 0.1% | 116,048 | |||
Net Assets – 100.0% | $121,114,362 |
(a) | Non-income producing security. |
(b) | Aggregate cost for federal income tax purposes was $111,608,887. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $11,456,165 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $2,066,738. The net unrealized appreciation was $9,389,427. |
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 113,906,702 | $ 113,906,702 | $ — | $ — |
Real Estate Investment Trusts* | 7,091,612 | 7,091,612 | — | — |
Total Investments | $ 120,998,314 | $ 120,998,314 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 100.0% | ||||
Air Freight & Logistics – 2.1% | ||||
3,390 | Deutsche Post AG (a) | $212,586 | ||
Banks – 2.0% | ||||
11,483 | FinecoBank Banca Fineco S.p.A. (a) | 207,404 | ||
Beverages – 2.1% | ||||
4,441 | Diageo PLC (a) | 215,011 | ||
Biotechnology – 1.9% | ||||
948 | CSL Ltd. (a) | 198,067 | ||
Building Products – 2.1% | ||||
295 | Geberit AG (a) | 216,590 | ||
Capital Markets – 5.8% | ||||
1,118 | Deutsche Boerse AG (a) | 181,414 | ||
7,782 | Japan Exchange Group, Inc. (a) | 192,994 | ||
138 | Partners Group Holding AG (a) | 215,368 | ||
�� | 589,776 | |||
Chemicals – 2.1% | ||||
668 | Sika AG (a) | 211,204 | ||
Commercial Services & Supplies – 3.9% | ||||
24,146 | Brambles Ltd. (a) | 185,669 | ||
27,433 | Rentokil Initial PLC (a) | 215,426 | ||
401,095 | ||||
Communications Equipment – 1.6% | ||||
14,106 | Telefonaktiebolaget LM Ericsson, Class B (a) | 159,213 | ||
Construction & Engineering – 1.8% | ||||
7,176 | Skanska AB, Class B (a) | 180,029 | ||
Diversified Financial Services – 2.0% | ||||
5,815 | Kinnevik AB, Class B (a) (b) | 204,422 | ||
Entertainment – 1.9% | ||||
404 | Nintendo Co., Ltd. (a) | 193,065 | ||
Food & Staples Retailing – 2.2% | ||||
5,963 | Alimentation Couche-Tard, Inc., Class B | 228,144 | ||
Food Products – 2.0% | ||||
1,668 | Nestle S.A. (a) | 200,977 | ||
Health Care Equipment & Supplies – 5.0% | ||||
1,602 | Hoya Corp. (a) | 249,942 | ||
684 | Sonova Holding AG (a) | 258,489 | ||
508,431 |
Shares | Description | Value | ||
Health Care Providers & Services – 2.0% | ||||
7,123 | Sonic Healthcare Ltd. (a) | $205,849 | ||
Household Durables – 2.0% | ||||
1,808 | Sony Group Corp. (a) | 200,722 | ||
Household Products – 1.8% | ||||
5,983 | Essity AB, Class B (a) | 185,557 | ||
IT Services – 4.2% | ||||
2,274 | CGI, Inc. (b) | 193,163 | ||
6,370 | Nomura Research Institute Ltd. (a) | 234,140 | ||
427,303 | ||||
Life Sciences Tools & Services – 2.3% | ||||
1,867 | Eurofins Scientific SE (a) | 239,211 | ||
Machinery – 6.7% | ||||
2,984 | Atlas Copco AB, Class A (a) | 180,191 | ||
8,209 | Epiroc AB, Class A (a) | 170,188 | ||
2,305 | Kone Oyj, Class B (a) | 161,923 | ||
637 | Schindler Holding AG (a) | 171,015 | ||
683,317 | ||||
Marine – 2.1% | ||||
638 | Kuehne + Nagel International AG (a) | 217,814 | ||
Multiline Retail – 3.7% | ||||
1,752 | Next PLC (a) | 192,722 | ||
4,584 | Wesfarmers Ltd. (a) | 182,321 | ||
375,043 | ||||
Personal Products – 1.8% | ||||
3,438 | Unilever PLC (a) | 186,128 | ||
Pharmaceuticals – 13.0% | ||||
1,933 | AstraZeneca PLC (a) | 232,961 | ||
4,924 | Chugai Pharmaceutical Co., Ltd. (a) | 180,188 | ||
2,725 | Novo Nordisk A.S., Class B (a) | 262,662 | ||
588 | Roche Holding AG (a) | 214,602 | ||
1,950 | Sanofi (a) | 187,715 | ||
3,694 | Shionogi & Co., Ltd. (a) | 252,778 | ||
1,330,906 | ||||
Professional Services – 4.1% | ||||
67 | SGS S.A. (a) | 195,026 | ||
2,142 | Wolters Kluwer N.V. (a) | 227,045 | ||
422,071 | ||||
Road & Rail – 1.9% | ||||
1,669 | Canadian National Railway Co. | 193,412 | ||
Software – 4.0% | ||||
131 | Constellation Software, Inc. | 214,612 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Software (Continued) | ||||
1,422 | SAP SE (a) | $192,296 | ||
406,908 | ||||
Specialty Retail – 2.1% | ||||
1,100 | Nitori Holdings Co., Ltd. (a) | 216,779 | ||
Textiles, Apparel & Luxury Goods – 5.9% | ||||
161 | Hermes International (a) | 222,137 | ||
259 | Kering S.A. (a) | 183,958 | ||
3,199 | Moncler S.p.A. (a) | 195,109 | ||
601,204 | ||||
Trading Companies & Distributors – 3.9% | ||||
5,693 | Bunzl PLC (a) | 187,838 | ||
1,526 | Ferguson PLC (a) | 211,842 | ||
399,680 | ||||
Total Investments – 100.0% | 10,217,918 | |||
(Cost $10,230,946) (c) | ||||
Net Other Assets and Liabilities – (0.0)% | (4,895) | |||
Net Assets – 100.0% | $10,213,023 |
(a) | 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 provisions of the Investment Company Act of 1940, as amended. At September 30, 2021, securities noted as such are valued at $9,388,587 or 91.9% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets’ close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded. |
(b) | Non-income producing security. |
(c) | Aggregate cost for federal income tax purposes was $10,252,450. As of September 30, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $266,306 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $300,838. The net unrealized depreciation was $34,532. |
Total Value at 9/30/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Food & Staples Retailing | $ 228,144 | $ 228,144 | $ — | $ — |
IT Services | 427,303 | 193,163 | 234,140 | — |
Road & Rail | 193,412 | 193,412 | — | — |
Software | 406,908 | 214,612 | 192,296 | — |
Other industry categories* | 8,962,151 | — | 8,962,151 | — |
Total Investments | $ 10,217,918 | $ 829,331 | $ 9,388,587 | $— |
* | See Portfolio of Investments for industry breakout. |
Currency Exposure Diversification | % of Total Investments |
Euro | 21.6% |
Swiss Franc | 18.6 |
Japanese Yen | 16.8 |
British Pound Sterling | 14.1 |
Swedish Krona | 10.6 |
Canadian Dollar | 8.1 |
Australian Dollar | 7.6 |
Danish Krone | 2.6 |
Total | 100.0% |
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) | First Trust Indxx Innovative Transaction & Process ETF (LEGR) | First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) | |||
ASSETS: | |||||
Investments, at value | $ 210,358,448 | $ 137,692,285 | $ 275,776,456 | ||
Cash | 219,939 | 1,872,350 | 1,514,023 | ||
Foreign currency | — | 116,867 | 50,186 | ||
Due from authorized participant | — | 2,167,549 | — | ||
Receivables: | |||||
Dividends | 189,589 | 76,440 | 188,124 | ||
Fund shares sold | 2,883,283 | — | 8,209,521 | ||
Dividend reclaims | 87 | 75,044 | 55,065 | ||
Securities lending income | — | 2,667 | 21,199 | ||
Investment securities sold | — | 27 | — | ||
Miscellaneous | — | — | 91 | ||
Total Assets | 213,651,346 | 142,003,229 | 285,814,665 | ||
LIABILITIES: | |||||
Due to authorized participant | — | — | — | ||
Payables: | |||||
Collateral for securities on loan | — | 5,345,838 | 11,037,228 | ||
Investment advisory fees | 96,758 | 67,931 | 143,190 | ||
Investment securities purchased | 2,881,477 | 3,988,757 | 8,142,155 | ||
Deferred foreign capital gains tax | — | 88,653 | — | ||
Other liabilities | — | — | 71 | ||
Total Liabilities | 2,978,235 | 9,491,179 | 19,322,644 | ||
NET ASSETS | $210,673,111 | $132,512,050 | $266,492,021 | ||
NET ASSETS consist of: | |||||
Paid-in capital | $ 216,913,785 | $ 119,875,816 | $ 243,278,910 | ||
Par value | 74,500 | 31,500 | 50,000 | ||
Accumulated distributable earnings (loss) | (6,315,174) | 12,604,734 | 23,163,111 | ||
NET ASSETS | $210,673,111 | $132,512,050 | $266,492,021 | ||
NET ASSET VALUE, per share | $28.28 | $42.07 | $53.30 | ||
Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per share) | 7,450,002 | 3,150,002 | 5,000,002 | ||
Investments, at cost | $214,914,283 | $122,312,861 | $243,425,780 | ||
Foreign currency, at cost (proceeds) | $— | $116,887 | $50,186 | ||
Securities on loan, at value | $— | $5,104,400 | $10,518,979 |
First Trust Dorsey Wright Momentum & Value ETF (DVLU) | First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) | First Trust International Developed Capital Strength ETF (FICS) | ||
$ 25,835,774 | $ 120,998,314 | $ 10,217,918 | ||
1,909 | 134,967 | 4,297 | ||
— | — | 1,747 | ||
— | — | 1,859,922 | ||
39,535 | 41,639 | 14,274 | ||
— | — | — | ||
— | 2,669 | 3,898 | ||
— | — | — | ||
— | — | 127,495 | ||
— | — | — | ||
25,877,218 | 121,177,589 | 12,229,551 | ||
— | — | 127,495 | ||
— | — | — | ||
12,980 | 63,227 | 5,175 | ||
— | — | 1,883,858 | ||
— | — | — | ||
— | — | — | ||
12,980 | 63,227 | 2,016,528 | ||
$ 25,864,238 | $ 121,114,362 | $ 10,213,023 | ||
$ 36,061,652 | $ 126,546,929 | $ 10,235,212 | ||
11,000 | 44,000 | 3,000 | ||
(10,208,414) | (5,476,567) | (25,189) | ||
$ 25,864,238 | $ 121,114,362 | $ 10,213,023 | ||
$23.51 | $27.53 | $34.04 | ||
1,100,002 | 4,400,002 | 300,002 | ||
$26,229,685 | $111,530,494 | $10,230,946 | ||
$— | $— | $1,744 | ||
$— | $— | $— |
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) | First Trust Indxx Innovative Transaction & Process ETF (LEGR) | First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) | ||||
INVESTMENT INCOME: | ||||||
Dividends | $ 1,630,321 | $ 2,249,942 | $ 1,591,552 | |||
Interest | 6 | 26 | 30 | |||
Securities lending income (net of fees) | — | 14,156 | 162,615 | |||
Foreign withholding tax | (1,922) | (195,553) | (133,088) | |||
Other | 40 | — | 13 | |||
Total investment income | 1,628,445 | 2,068,571 | 1,621,122 | |||
EXPENSES: | ||||||
Investment advisory fees | 413,026 | 540,242 | 1,395,887 | |||
Total expenses | 413,026 | 540,242 | 1,395,887 | |||
NET INVESTMENT INCOME (LOSS) | 1,215,419 | 1,528,329 | 225,235 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS): | ||||||
Net realized gain (loss) on: | ||||||
Investments | (950,706) | 2,484,227 | (3,870,404) | |||
In-kind redemptions | 5,350,199 | — | 37,061,096 | |||
Foreign currency transactions | — | (14,820) | (416) | |||
Foreign capital gains tax | — | (21,840) | — | |||
Net realized gain (loss) | 4,399,493 | 2,447,567 | 33,190,276 | |||
Net change in unrealized appreciation (depreciation) on: | ||||||
Investments | (4,309,095) | 13,827,643 | 14,737,529 | |||
Foreign currency translation | — | (228) | (2) | |||
Deferred foreign capital gains tax | — | (88,653) | — | |||
Net change in unrealized appreciation (depreciation) | (4,309,095) | 13,738,762 | 14,737,527 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS) | 90,398 | 16,186,329 | 47,927,803 | |||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ 1,305,817 | $ 17,714,658 | $ 48,153,038 |
(a) | Inception date is December 15, 2020, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
First Trust Dorsey Wright Momentum & Value ETF (DVLU) | First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) | First Trust International Developed Capital Strength ETF (FICS) (a) | |||
$548,865 | $1,170,860 | $74,542 | |||
2 | 7 | — | |||
— | — | — | |||
(1,028) | — | (6,914) | |||
57 | 19 | — | |||
547,896 | 1,170,886 | 67,628 | |||
144,015 | 734,749 | 23,846 | |||
144,015 | 734,749 | 23,846 | |||
403,881 | 436,137 | 43,782 | |||
(1,359,756) | (2,094,082) | (17,168) | |||
8,849,464 | 26,336,030 | 194,438 | |||
— | — | (197) | |||
— | — | — | |||
7,489,708 | 24,241,948 | 177,073 | |||
(1,439,711) | 750,009 | (13,028) | |||
— | — | (193) | |||
— | — | — | |||
(1,439,711) | 750,009 | (13,221) | |||
6,049,997 | 24,991,957 | 163,852 | |||
$6,453,878 | $25,428,094 | $207,634 |
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) | First Trust Indxx Innovative Transaction & Process ETF (LEGR) | ||||||
Year Ended 9/30/2021 | Year Ended 9/30/2020 | Year Ended 9/30/2021 | Year Ended 9/30/2020 | ||||
OPERATIONS: | |||||||
Net investment income (loss) | $ 1,215,419 | $ 162,281 | $ 1,528,329 | $ 453,430 | |||
Net realized gain (loss) | 4,399,493 | (1,190,794) | 2,447,567 | 37,362 | |||
Net change in unrealized appreciation (depreciation) | (4,309,095) | (179,227) | 13,738,762 | 2,606,926 | |||
Net increase (decrease) in net assets resulting from operations | 1,305,817 | (1,207,740) | 17,714,658 | 3,097,718 | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations | (1,005,851) | (168,006) | (1,414,166) | (485,781) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold | 225,198,706 | 5,819,163 | 73,931,252 | 7,989,565 | |||
Cost of shares redeemed | (24,875,461) | (1,521,463) | — | (9,369,188) | |||
Net increase (decrease) in net assets resulting from shareholder transactions | 200,323,245 | 4,297,700 | 73,931,252 | (1,379,623) | |||
Total increase (decrease) in net assets | 200,623,211 | 2,921,954 | 90,231,744 | 1,232,314 | |||
NET ASSETS: | |||||||
Beginning of period | 10,049,900 | 7,127,946 | 42,280,306 | 41,047,992 | |||
End of period | $210,673,111 | $10,049,900 | $132,512,050 | $42,280,306 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period | 550,002 | 350,002 | 1,350,002 | 1,400,002 | |||
Shares sold | 7,800,000 | 300,000 | 1,800,000 | 250,000 | |||
Shares redeemed | (900,000) | (100,000) | — | (300,000) | |||
Shares outstanding, end of period | 7,450,002 | 550,002 | 3,150,002 | 1,350,002 |
(a) | Inception date is December 15, 2020, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) | First Trust Dorsey Wright Momentum & Value ETF (DVLU) | First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) | First Trust International Developed Capital Strength ETF (FICS) | |||||||||
Year Ended 9/30/2021 | Year Ended 9/30/2020 | Year Ended 9/30/2021 | Year Ended 9/30/2020 | Year Ended 9/30/2021 | Year Ended 9/30/2020 | Period Ended 9/30/2021 (a) | ||||||
$ 225,235 | $ 133,687 | $ 403,881 | $ 263,118 | $ 436,137 | $ 1,270,511 | $ 43,782 | ||||||
33,190,276 | 284,158 | 7,489,708 | (4,306,138) | 24,241,948 | (7,723,375) | 177,073 | ||||||
14,737,527 | 19,323,739 | (1,439,711) | 442,804 | 750,009 | 1,459,243 | (13,221) | ||||||
48,153,038 | 19,741,584 | 6,453,878 | (3,600,216) | 25,428,094 | (4,993,621) | 207,634 | ||||||
(333,100) | (123,270) | (376,450) | (275,921) | (398,380) | (1,537,266) | (39,101) | ||||||
178,221,700 | 52,562,180 | 63,958,085 | 13,377,808 | 173,667,860 | 161,964,199 | 11,708,531 | ||||||
(80,098,259) | (13,075,070) | (58,491,461) | (14,632,747) | (202,257,238) | (161,928,165) | (1,664,041) | ||||||
98,123,441 | 39,487,110 | 5,466,624 | (1,254,939) | (28,589,378) | 36,034 | 10,044,490 | ||||||
145,943,379 | 59,105,424 | 11,544,052 | (5,131,076) | (3,559,664) | (6,494,853) | 10,213,023 | ||||||
120,548,642 | 61,443,218 | 14,320,186 | 19,451,262 | 124,674,026 | 131,168,879 | — | ||||||
$266,492,021 | $ 120,548,642 | $ 25,864,238 | $ 14,320,186 | $ 121,114,362 | $ 124,674,026 | $ 10,213,023 | ||||||
3,100,002 | 1,950,002 | 950,002 | 1,050,002 | 5,550,002 | 5,750,002 | — | ||||||
3,400,000 | 1,550,000 | 2,900,000 | 800,000 | 6,800,000 | 7,450,000 | 350,002 | ||||||
(1,500,000) | (400,000) | (2,750,000) | (900,000) | (7,950,000) | (7,650,000) | (50,000) | ||||||
5,000,002 | 3,100,002 | 1,100,002 | 950,002 | 4,400,002 | 5,550,002 | 300,002 |
Year Ended September 30, | Period Ended 9/30/2018 (a) | ||||||
2021 | 2020 | 2019 | |||||
Net asset value, beginning of period | $ 18.27 | $ 20.37 | $ 21.28 | $ 19.94 | |||
Income from investment operations: | |||||||
Net investment income (loss) | 0.36 | 0.33 | 0.35 | 0.26 | |||
Net realized and unrealized gain (loss) | 9.99 | (2.08) | (0.92) | 1.31 | |||
Total from investment operations | 10.35 | (1.75) | (0.57) | 1.57 | |||
Distributions paid to shareholders from: | |||||||
Net investment income | (0.34) | (0.35) | (0.34) | (0.23) | |||
Net asset value, end of period | $28.28 | $18.27 | $20.37 | $21.28 | |||
Total return (b) | 56.77% | (8.56)% | (2.59)% | 7.92% | |||
Ratios to average net assets/supplemental data: | |||||||
Net assets, end of period (in 000’s) | $ 210,673 | $ 10,050 | $ 7,128 | $ 4,257 | |||
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 | 1.77% | 1.83% | 1.95% | 1.49% (c) | |||
Portfolio turnover rate (d) | 36% | 76% | 78% | 72% |
(a) | Inception date is November 1, 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 September 30, | Period Ended 9/30/2018 (a) | ||||||
2021 | 2020 | 2019 | |||||
Net asset value, beginning of period | $ 31.32 | $ 29.32 | $ 30.31 | $ 29.99 | |||
Income from investment operations: | |||||||
Net investment income (loss) | 0.61 | 0.35 | 0.59 | 0.26 | |||
Net realized and unrealized gain (loss) | 10.70 | 2.02 | (0.93) | 0.29 | |||
Total from investment operations | 11.31 | 2.37 | (0.34) | 0.55 | |||
Distributions paid to shareholders from: | |||||||
Net investment income | (0.56) | (0.37) | (0.65) | (0.23) | |||
Net asset value, end of period | $42.07 | $31.32 | $29.32 | $30.31 | |||
Total return (b) | 36.13% | 8.13% | (1.08)% | 1.87% | |||
Ratios to average net assets/supplemental data: | |||||||
Net assets, end of period (in 000’s) | $ 132,512 | $ 42,280 | $ 41,048 | $ 50,017 | |||
Ratio of total expenses to average net assets | 0.65% | 0.65% | 0.65% | 0.65% (c) | |||
Ratio of net investment income (loss) to average net assets | 1.84% | 1.12% | 1.95% | 1.63% (c) | |||
Portfolio turnover rate (d) | 46% | 25% | 35% | 53% |
(a) | Inception date is January 24, 2018, 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 September 30, | Period Ended 9/30/2018 (a) | ||||||
2021 | 2020 | 2019 | |||||
Net asset value, beginning of period | $ 38.89 | $ 31.51 | $ 32.23 | $ 29.91 | |||
Income from investment operations: | |||||||
Net investment income (loss) | 0.05 | 0.04 | 0.17 | 0.12 | |||
Net realized and unrealized gain (loss) | 14.44 | 7.39 | (0.75) | 2.31 | |||
Total from investment operations | 14.49 | 7.43 | (0.58) | 2.43 | |||
Distributions paid to shareholders from: | |||||||
Net investment income | (0.08) | (0.05) | (0.14) | (0.11) | |||
Net asset value, end of period | $53.30 | $38.89 | $31.51 | $32.23 | |||
Total return (b) | 37.27% | 23.60% | (1.81)% | 8.15% | |||
Ratios to average net assets/supplemental data: | |||||||
Net assets, end of period (in 000’s) | $ 266,492 | $ 120,549 | $ 61,443 | $ 32,226 | |||
Ratio of total expenses to average net assets | 0.65% | 0.65% | 0.65% | 0.65% (c) | |||
Ratio of net investment income (loss) to average net assets | 0.10% | 0.15% | 0.68% | 0.62% (c) | |||
Portfolio turnover rate (d) | 31% | 34% | 43% | 67% |
(a) | Inception date is February 21, 2018, 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 September 30, | Period Ended 9/30/2018 (a) | ||||||
2021 | 2020 | 2019 | |||||
Net asset value, beginning of period | $ 15.07 | $ 18.52 | $ 19.46 | $ 19.98 | |||
Income from investment operations: | |||||||
Net investment income (loss) | 0.29 | 0.25 | 0.33 | 0.02 | |||
Net realized and unrealized gain (loss) | 8.42 | (3.44) | (0.94) | (0.54) | |||
Total from investment operations | 8.71 | (3.19) | (0.61) | (0.52) | |||
Distributions paid to shareholders from: | |||||||
Net investment income | (0.27) | (0.26) | (0.33) | — | |||
Net asset value, end of period | $23.51 | $15.07 | $18.52 | $19.46 | |||
Total return (b) | 57.98% | (17.19)% | (3.04)% | (2.60)% | |||
Ratios to average net assets/supplemental data: | |||||||
Net assets, end of period (in 000’s) | $ 25,864 | $ 14,320 | $ 19,451 | $ 13,625 | |||
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 | 1.68% | 1.56% | 2.01% | 3.61% (c) | |||
Portfolio turnover rate (d) | 195% | 205% | 152% | 0% |
(a) | Inception date is September 5, 2018, 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 September 30, | Period Ended 9/30/2018 (a) | ||||||
2021 | 2020 | 2019 | |||||
Net asset value, beginning of period | $ 22.46 | $ 22.81 | $ 19.94 | $ 19.97 | |||
Income from investment operations: | |||||||
Net investment income (loss) | 0.10 | 0.28 | 0.29 | 0.03 | |||
Net realized and unrealized gain (loss) | 5.06 | (0.30) | 2.85 | (0.06) | |||
Total from investment operations | 5.16 | (0.02) | 3.14 | (0.03) | |||
Distributions paid to shareholders from: | |||||||
Net investment income | (0.09) | (0.33) | (0.27) | — | |||
Net asset value, end of period | $27.53 | $22.46 | $22.81 | $19.94 | |||
Total return (b) | 22.98% | 0.03% | 15.93% | (0.15)% | |||
Ratios to average net assets/supplemental data: | |||||||
Net assets, end of period (in 000’s) | $ 121,114 | $ 124,674 | $ 131,169 | $ 13,960 | |||
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 | 0.36% | 1.21% | 2.37% | 3.81% (c) | |||
Portfolio turnover rate (d) | 136% | 187% | 81% | 0% |
(a) | Inception date is September 5, 2018, 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. |
Period Ended 9/30/2021 (a) | |
Net asset value, beginning of period | $ 30.09 |
Income from investment operations: | |
Net investment income (loss) | 0.36 |
Net realized and unrealized gain (loss) | 3.93 |
Total from investment operations | 4.29 |
Distributions paid to shareholders from: | |
Net investment income | (0.34) |
Net asset value, end of period | $34.04 |
Total return (b) | 14.25% |
Ratios to average net assets/supplemental data: | |
Net assets, end of period (in 000’s) | $ 10,213 |
Ratio of total expenses to average net assets | 0.70% (c) |
Ratio of net investment income (loss) to average net assets | 1.29% (c) |
Portfolio turnover rate (d) | 23% |
(a) | Inception date is December 15, 2020, 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 return presented does 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. |
Fund | Index |
First Trust SMID Cap Rising Dividend Achievers ETF | Nasdaq US Small Mid Cap Rising Dividend AchieversTM Index |
First Trust Indxx Innovative Transaction & Process ETF | Indxx Blockchain Index |
First Trust Nasdaq Artificial Intelligence and Robotics ETF | Nasdaq CTA Artificial Intelligence and Robotics IndexSM |
First Trust Dorsey Wright Momentum & Value ETF | Dorsey Wright Momentum Plus ValueTM Index |
First Trust Dorsey Wright Momentum & Low Volatility ETF | Dorsey Wright Momentum Plus Low VolatilityTM Index |
First Trust International Developed Capital Strength ETF | The International Developed Capital Strength IndexSM |
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 | |||
First Trust SMID Cap Rising Dividend Achievers ETF | $ 1,005,851 | $ — | $ — | ||
First Trust Indxx Innovative Transaction & Process ETF | 1,414,166 | — | — | ||
First Trust Nasdaq Artificial Intelligence and Robotics ETF | 333,100 | — | — | ||
First Trust Dorsey Wright Momentum & Value ETF | 376,450 | — | — | ||
First Trust Dorsey Wright Momentum & Low Volatility ETF | 398,380 | — | — | ||
First Trust International Developed Capital Strength ETF | 39,101 | — | — |
Distributions paid from Ordinary Income | Distributions paid from Capital Gains | Distributions paid from Return of Capital | |||
First Trust SMID Cap Rising Dividend Achievers ETF | $ 168,006 | $ — | $ — | ||
First Trust Indxx Innovative Transaction & Process ETF | 485,781 | — | — | ||
First Trust Nasdaq Artificial Intelligence and Robotics ETF | 123,270 | — | — | ||
First Trust Dorsey Wright Momentum & Value ETF | 275,921 | — | — | ||
First Trust Dorsey Wright Momentum & Low Volatility ETF | 1,537,266 | — | — |
Undistributed Ordinary Income | Accumulated Capital and Other Gain (Loss) | Net Unrealized Appreciation (Depreciation) | |||
First Trust SMID Cap Rising Dividend Achievers ETF | $ 190,695 | $ (1,024,748) | $ (5,481,121) | ||
First Trust Indxx Innovative Transaction & Process ETF | 105,039 | (1,444,987) | 13,944,682 | ||
First Trust Nasdaq Artificial Intelligence and Robotics ETF | 60,015 | (4,911,664) | 28,014,760 | ||
First Trust Dorsey Wright Momentum & Value ETF | 42,373 | (9,847,184) | (403,603) | ||
First Trust Dorsey Wright Momentum & Low Volatility ETF | 76,645 | (14,942,639) | 9,389,427 | ||
First Trust International Developed Capital Strength ETF | 12,421 | (2,885) | (34,725) |
Non-Expiring Capital Loss Carryforward | |
First Trust SMID Cap Rising Dividend Achievers ETF | $ 1,024,748 |
First Trust Indxx Innovative Transaction & Process ETF | 1,444,987 |
First Trust Nasdaq Artificial Intelligence and Robotics ETF | 4,911,664 |
First Trust Dorsey Wright Momentum & Value ETF | 9,847,184 |
First Trust Dorsey Wright Momentum & Low Volatility ETF | 14,942,639 |
First Trust International Developed Capital Strength ETF | 2,885 |
Accumulated Net Investment Income (Loss) | Accumulated Net Realized Gain (Loss) on Investments | Paid-in Capital | |||
First Trust SMID Cap Rising Dividend Achievers ETF | $ (12,156) | $ (4,954,377) | $ 4,966,533 | ||
First Trust Indxx Innovative Transaction & Process ETF | (36,660) | 36,660 | — | ||
First Trust Nasdaq Artificial Intelligence and Robotics ETF | 19,803 | (35,860,396) | 35,840,593 | ||
First Trust Dorsey Wright Momentum & Value ETF | — | (8,827,061) | 8,827,061 | ||
First Trust Dorsey Wright Momentum & Low Volatility ETF | 38,618 | (26,091,425) | 26,052,807 | ||
First Trust International Developed Capital Strength ETF | 5,083 | (198,805) | 193,722 |
Purchases | Sales | ||
First Trust SMID Cap Rising Dividend Achievers ETF | $ 25,986,948 | $ 25,815,414 | |
First Trust Indxx Innovative Transaction & Process ETF | 46,687,058 | 37,984,402 | |
First Trust Nasdaq Artificial Intelligence and Robotics ETF | 73,486,528 | 65,497,664 | |
First Trust Dorsey Wright Momentum & Value ETF | 45,203,590 | 45,049,595 | |
First Trust Dorsey Wright Momentum & Low Volatility ETF | 164,998,956 | 165,055,059 | |
First Trust International Developed Capital Strength ETF | 1,078,846 | 1,178,305 | |
Purchases | Sales | ||
First Trust SMID Cap Rising Dividend Achievers ETF | $ 224,880,238 | $ 24,822,034 | |
First Trust Indxx Innovative Transaction & Process ETF | 65,335,683 | — | |
First Trust Nasdaq Artificial Intelligence and Robotics ETF | 167,739,853 | 79,388,851 | |
First Trust Dorsey Wright Momentum & Value ETF | 63,842,387 | 58,499,150 | |
First Trust Dorsey Wright Momentum & Low Volatility ETF | 173,490,500 | 201,964,240 | |
First Trust International Developed Capital Strength ETF | 11,810,388 | 1,657,253 |
Individual Funds Included in the Trust | Statements of Operations | Statements of Changes in Net Assets | Financial Highlights |
First Trust SMID Cap Rising Dividend Achievers ETF | For the year ended September 30, 2021 | For the years ended September 30, 2021 and 2020 | For the years ended September 30, 2021, 2020, 2019 and the period from November 1, 2017 (commencement of operations) through September 30, 2018 |
First Trust Indxx Innovative Transaction & Process ETF | For the year ended September 30, 2021 | For the years ended September 30, 2021 and 2020 | For the years ended September 30, 2021, 2020, 2019 and the period from January 24, 2018 (commencement of operations) through September 30, 2018 |
First Trust Nasdaq Artificial Intelligence and Robotics ETF | For the year ended September 30, 2021 | For the years ended September 30, 2021 and 2020 | For the years ended September 30, 2021, 2020, 2019 and the period from February 21, 2018 (commencement of operations) through September 30, 2018 |
First Trust Dorsey Wright Momentum & Value ETF | For the year ended September 30, 2021 | For the years ended September 30, 2021 and 2020 | For the years ended September 30, 2021, 2020, 2019 and the period from September 5, 2018 (commencement of operations) through September 30, 2018 |
First Trust Dorsey Wright Momentum & Low Volatility ETF | |||
First Trust International Developed Capital Strength ETF | For the period from December 15, 2020 (commencement of operations) through September 30, 2021 |
Dividends Received Deduction | |
First Trust SMID Cap Rising Dividend Achievers ETF | 100.00% |
First Trust Indxx Innovative Transaction & Process ETF | 25.62% |
First Trust Nasdaq Artificial Intelligence and Robotics ETF | 100.00% |
First Trust Dorsey Wright Momentum & Value ETF | 100.00% |
First Trust Dorsey Wright Momentum & Low Volatility ETF | 100.00% |
First Trust International Developed Capital Strength ETF | 0.00% |
Qualified Dividend Income | |
First Trust SMID Cap Rising Dividend Achievers ETF | 100.00% |
First Trust Indxx Innovative Transaction & Process ETF | 100.00% |
First Trust Nasdaq Artificial Intelligence and Robotics ETF | 100.00% |
First Trust Dorsey Wright Momentum & Value ETF | 100.00% |
First Trust Dorsey Wright Momentum & Low Volatility ETF | 100.00% |
First Trust International Developed Capital Strength ETF | 100.00% |
Gross Foreign Income | Foreign Taxes Paid | ||||||
Amount | Per Share | Amount | Per Share | ||||
First Trust Indxx Innovative Transaction & Process ETF | $ 1,565,178 | $ 0.50 | $ 172,454 | $ 0.05 | |||
First Trust International Developed Capital Strength ETF | 74,542 | 0.25 | 6,874 | 0.02 |
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) | 213 | None |
Thomas R. Kadlec, Trustee (1957) | • Indefinite Term • Since Inception | President, ADM Investor Services, Inc. (Futures Commission Merchant) | 213 | 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) | 213 | 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) | 213 | 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) | 213 | 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), Controller (January 2011 to January 2016), Senior Vice President (April 2007 to January 2016), 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. |
(b) | Not applicable. |
(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.
(a) | 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 $327,900 for the fiscal year ended September 30, 2020 and $344,025 for the fiscal year ended September 30, 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 September 30, 2019 and were $0 for the fiscal year ended September 30, 2020.
Audit-Related Fees (Investment Advisor 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 September 30, 2020 and were $0 for the fiscal year ended September 30, 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 $197,336 for the fiscal year ended September 30, 2020 and $160,000 for the fiscal year ended September 20, 2021. These fees were for tax consultation and/or tax return preparation.
Tax Fees (Investment Advisor 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 advisor and distributor were $0 for the fiscal year ended September 30, 2020 and were $0 for the fiscal year ended September 30, 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 September 30, 2020 and were $0 for the fiscal year ended September 30, 2021.
All Other Fees (Investment Advisor and Distributor) -- The aggregate fees billed for products and services provided by the principal accountant to the registrant’s investment advisor and distributor, other than the services reported in paragraphs (a) through (c) of this Item were $0 for the fiscal year ended September 30, 2020 and were $0 for the fiscal year ended September 30, 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 advisor (not including a sub-advisor whose role is primarily portfolio management and is sub-contracted or overseen by another investment advisor) and any entity controlling, controlled by or under common control with the investment advisor 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 advisor (other than any sub-advisor whose role is primarily portfolio management and is sub-contracted with or overseen by another investment advisor) and any entity controlling, controlled by or under common control with the investment advisor 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 advisor 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: Advisor 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 advisor (not including any sub-advisor whose role is primarily portfolio management and is subcontracted with or overseen by another investment advisor), and any entity controlling, controlled by, or under common control with the advisor that provides ongoing services to the registrant for the fiscal year ended September 30, 2020 were $70,330 for the Distributor, $47,170 for the Advisor, and $197,336 for the Registrant and for the fiscal year ended September 30, 2021 were $29,500 for the Distributor, $23,200 for the Advisor, and $160,000 for the Registrant.
(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 advisor (not including any sub-advisor whose role is primarily portfolio management and is subcontracted with or overseen by another investment advisor), and any entity controlling, controlled by, or under common control with the investment advisor 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.
(i) | No applicable. |
(j) | Not applicable. |
Items 5. Audit Committee of Listed Registrants.
(a) | 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. |
(b) | Not applicable. |
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, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3 (c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (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 registrant’s 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.
(a) | Not applicable. |
(b) | 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 |
(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: | December 9, 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: | December 9, 2021 |
By (Signature and Title)* | /s/ Donald P. Swade | |
Donald P. Swade, Treasurer, Chief Financial Officer and Chief Accounting Officer (principal financial officer) |
Date: | December 9, 2021 |
* Print the name and title of each signing officer under his or her signature.