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) (Zip code)
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: March 31, 2022
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 20549p. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Report to Stockholders.
(a) | The registrant’s semi-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 & Dividend ETF (DDIV)
First Trust Dorsey Wright International Focus 5 ETF (IFV)
First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC)
First Trust Indxx Innovative Transaction & Process ETF (LEGR)
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)
First Trust International Developed Capital Strength ETF (FICS)
For the Six Months Ended
March 31, 2022
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Fund Performance Overview | |
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Portfolio of Investments | |
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110 | |
125 |
Performance | |||||||
Average Annual Total Returns | Cumulative Total Returns | ||||||
6 Months Ended 3/31/22 | 1 Year Ended 3/31/22 | 5 Years Ended 3/31/22 | Inception (8/13/12) to 3/31/22 | 5 Years Ended 3/31/22 | Inception (8/13/12) to 3/31/22 | ||
Fund Performance | |||||||
NAV | 5.43% | 11.32% | 15.88% | 14.71% | 108.93% | 274.94% | |
Market Price | 5.56% | 11.39% | 15.90% | 14.72% | 109.14% | 275.29% | |
Index Performance | |||||||
Nasdaq Technology Dividend IndexTM | 5.75% | 11.98% | 16.64% | 15.46% | 115.85% | 299.09% | |
S&P 500® Index | 5.92% | 15.65% | 15.99% | 15.18% | 109.94% | 289.98% | |
S&P 500® Information Technology Index | 6.94% | 20.90% | 26.81% | 21.71% | 227.86% | 563.32% |
Sector Allocation | % of Total Investments |
Information Technology | 83.1% |
Communication Services | 15.6 |
Industrials | 1.2 |
Consumer Discretionary | 0.1 |
Health Care | 0.0* |
Total | 100.0% |
* | Amount is less than 0.1%. |
Top Ten Holdings | % of Total Investments |
Broadcom, Inc. | 8.3% |
International Business Machines Corp. | 8.3 |
Intel Corp. | 8.1 |
Microsoft Corp. | 8.0 |
Texas Instruments, Inc. | 7.6 |
Oracle Corp. | 4.2 |
Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 3.8 |
QUALCOMM, Inc. | 3.5 |
Analog Devices, Inc. | 3.0 |
Lumen Technologies, Inc. | 2.1 |
Total | 56.9% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | |||||||
Average Annual Total Returns | Cumulative Total Returns | ||||||
6 Months Ended 3/31/22 | 1 Year Ended 3/31/22 | 5 Years Ended 3/31/22 | Inception (8/13/12) to 3/31/22 | 5 Years Ended 3/31/22 | Inception (8/13/12) to 3/31/22 | ||
Fund Performance | |||||||
NAV | 5.84% | 9.70% | 3.06% | 4.25% | 16.24% | 49.27% | |
Market Price | 5.83% | 9.70% | 3.04% | 4.25% | 16.13% | 49.27% | |
Index Performance | |||||||
Nasdaq US Multi-Asset Diversified Income IndexSM | 6.16% | 10.32% | 3.62% | 4.90% | 19.48% | 58.56% | |
S&P 500® Index | 5.92% | 15.65% | 15.99% | 15.18% | 109.94% | 289.98% | |
Dow Jones U.S. Select DividendTM Index* | 13.43% | 16.30% | 11.31% | 12.94% | 70.88% | 222.71% |
* | 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 | 33.3% |
Energy | 19.7 |
Other* | 19.5 |
Real Estate | 6.5 |
Utilities | 6.4 |
Consumer Staples | 5.3 |
Communication Services | 3.8 |
Industrials | 2.0 |
Health Care | 1.1 |
Information Technology | 0.9 |
Materials | 0.8 |
Consumer Discretionary | 0.7 |
Total | 100.0% |
* | Exchange-traded fund with holdings representing multiple sectors. |
Top Ten Holdings | % of Total Investments |
First Trust Tactical High Yield ETF | 19.5% |
Two Harbors Investment Corp. | 1.3 |
Icahn Enterprises, L.P. | 1.3 |
USA Compression Partners, L.P. | 1.3 |
Annaly Capital Management, Inc. | 1.2 |
Ready Capital Corp. | 1.2 |
New York Mortgage Trust, Inc. | 1.1 |
Apollo Commercial Real Estate Finance, Inc. | 1.1 |
CMS Energy Corp. | 1.1 |
Shell Midstream Partners, L.P. | 1.0 |
Total | 30.1% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | |||||||
Average Annual Total Returns | Cumulative Total Returns | ||||||
6 Months Ended 3/31/22 | 1 Year Ended 3/31/22 | 5 Years Ended 3/31/22 | Inception (8/22/13) to 3/31/22 | 5 Years Ended 3/31/22 | Inception (8/22/13) to 3/31/22 | ||
Fund Performance | |||||||
NAV | 2.04% | 4.62% | 4.65% | 3.20% | 25.51% | 31.19% | |
Market Price | 2.50% | 4.08% | 4.83% | 3.23% | 26.58% | 31.47% | |
Index Performance | |||||||
S&P International Dividend Aristocrats Index(1) | 3.19% | 6.38% | N/A | N/A | N/A | N/A | |
Dow Jones EPAC Select DividendTM Index(2) | 6.86% | 6.97% | 6.13% | 4.56% | 34.63% | 46.75% | |
MSCI World ex USA Index | -1.82% | 3.04% | 7.14% | 5.55% | 41.15% | 59.16% |
(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 | 23.8% |
Utilities | 21.9 |
Real Estate | 17.6 |
Industrials | 8.0 |
Energy | 7.9 |
Communication Services | 7.0 |
Consumer Staples | 5.5 |
Materials | 4.2 |
Health Care | 4.1 |
Total | 100.0% |
Country Allocation | % of Total Investments |
Canada | 25.5% |
Hong Kong | 15.3 |
Japan | 14.7 |
Switzerland | 9.7 |
United Kingdom | 8.4 |
France | 3.3 |
Germany | 2.8 |
Belgium | 2.4 |
Spain | 2.3 |
South Korea | 1.8 |
Finland | 1.7 |
Australia | 1.6 |
Norway | 1.6 |
Bermuda | 1.5 |
Sweden | 1.4 |
Mexico | 1.4 |
Cayman Islands | 1.3 |
Singapore | 1.2 |
Portugal | 1.1 |
Netherlands | 1.0 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Enagas S.A. | 2.3% |
Keyera Corp. | 2.1 |
New World Development Co., Ltd. | 2.0 |
TC Energy Corp. | 1.9 |
China Overseas Land & Investment Ltd. | 1.8 |
Rubis SCA | 1.8 |
Guangdong Investment Ltd. | 1.8 |
KT&G Corp. | 1.8 |
Power Assets Holdings Ltd. | 1.7 |
SmartCentres Real Estate Investment Trust | 1.7 |
Total | 18.9% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | |||||||
Average Annual Total Returns | Cumulative Total Returns | ||||||
6 Months Ended 3/31/22 | 1 Year Ended 3/31/22 | 5 Years Ended 3/31/22 | Inception (1/6/14) to 3/31/22 | 5 Years Ended 3/31/22 | Inception (1/6/14) to 3/31/22 | ||
Fund Performance | |||||||
NAV | 9.84% | 14.11% | 6.24% | 6.43% | 35.33% | 67.04% | |
Market Price | 9.87% | 14.14% | 6.25% | 6.44% | 35.43% | 67.18% | |
Index Performance | |||||||
CBOE S&P 500 BuyWrite Monthly Index(1) | 7.86% | 14.88% | 7.17% | 7.05% | 41.38% | 75.13% | |
S&P 500® Index | 5.92% | 15.65% | 15.99% | 13.84% | 109.94% | 190.69% |
(1) | 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 |
Health Care | 18.3% |
Financials | 17.1 |
Information Technology | 15.5 |
Energy | 14.4 |
Materials | 10.6 |
Consumer Discretionary | 9.3 |
Communication Services | 7.0 |
Industrials | 4.0 |
Consumer Staples | 2.1 |
Utilities | 0.9 |
Real Estate | 0.8 |
Total | 100.0% |
Fund Allocation | % of Net Assets |
Common Stocks | 94.9% |
Real Estate Investment Trusts | 1.8 |
Master Limited Partnerships | 1.0 |
Call Options Written | (1.8) |
Net Other Assets and Liabilities | 4.1 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Apple, Inc. | 6.7% |
Microsoft Corp. | 5.6 |
Amazon.com, Inc. | 3.3 |
Wells Fargo & Co. | 2.4 |
PNC Financial Services Group (The), Inc. | 2.3 |
Alphabet, Inc., Class C | 2.1 |
Alphabet, Inc., Class A | 2.1 |
Tesla, Inc. | 1.9 |
Berkshire Hathaway, Inc., Class B | 1.7 |
US Bancorp | 1.6 |
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 | |||||||
Average Annual Total Returns | Cumulative Total Returns | ||||||
6 Months Ended 3/31/22 | 1 Year Ended 3/31/22 | 5 Years Ended 3/31/22 | Inception (1/6/14) to 3/31/22 | 5 Years Ended 3/31/22 | Inception (1/6/14) to 3/31/22 | ||
Fund Performance | |||||||
NAV | 8.67% | 12.22% | 4.63% | 4.84% | 25.42% | 47.52% | |
Market Price | 8.71% | 12.32% | 4.65% | 4.85% | 25.53% | 47.68% | |
Index Performance | |||||||
CBOE S&P 500 95-110 Collar IndexSM(1) | -0.18% | 6.04% | 13.44% | 9.83% | 87.83% | 116.34% | |
S&P 500® Index | 5.92% | 15.65% | 15.99% | 13.84% | 109.94% | 190.69% | |
CBOE Nasdaq-100 Buywrite IndexSM(2) | 2.12% | 5.87% | 8.79% | 8.09% | 52.35% | 89.76% | |
Nasdaq-100® Index(3) | 1.37% | 14.14% | 23.41% | 20.35% | 186.21% | 359.22% |
(1) | 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. |
(2) | The Cboe Nasdaq-100 BuyWrite IndexSM is a benchmark index designed to track the performance of a hypothetical buy-write strategy on the Nasdaq-100® Index. The index is a passive total return index based on (1) buying the Nasdaq-100® Index stock index portfolio, and (2) “writing” (or selling) the near-term Nasdaq-100® Index “covered” call option. |
(3) | On May 11, 2022, the Fund’s primary benchmark changed from the S&P 500® Index to the Nasdaq-100® Index, because the Advisor believes that the Nasdaq-100® Index better reflects the investment strategies of the Fund. |
Sector Allocation | % of Total Investments |
Health Care | 18.4% |
Information Technology | 16.3 |
Financials | 15.7 |
Energy | 14.4 |
Materials | 10.5 |
Consumer Discretionary | 9.5 |
Communication Services | 7.5 |
Industrials | 3.9 |
Consumer Staples | 2.1 |
Utilities | 0.9 |
Real Estate | 0.8 |
Total | 100.0% |
Fund Allocation | % of Net Assets |
Common Stocks | 94.1% |
Real Estate Investment Trusts | 1.8 |
Master Limited Partnerships | 0.9 |
Put Options Purchased | 0.6 |
Call Options Written | (1.8) |
Put Options Written | (0.2) |
Net Other Assets and Liabilities | 4.6 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Apple, Inc. | 7.1% |
Microsoft Corp. | 5.9 |
Amazon.com, Inc. | 3.4 |
Wells Fargo & Co. | 2.4 |
PNC Financial Services Group (The), Inc. | 2.3 |
Alphabet, Inc., Class C | 2.3 |
Alphabet, Inc., Class A | 2.2 |
Tesla, Inc. | 2.0 |
Berkshire Hathaway, Inc., Class B | 1.8 |
NVIDIA Corp. | 1.5 |
Total | 30.9% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | |||||||
Average Annual Total Returns | Cumulative Total Returns | ||||||
6 Months Ended 3/31/22 | 1 Year Ended 3/31/22 | 5 Years Ended 3/31/22 | Inception (1/6/14) to 3/31/22 | 5 Years Ended 3/31/22 | Inception (1/6/14) to 3/31/22 | ||
Fund Performance | |||||||
NAV | 3.78% | 8.97% | 14.82% | 13.49% | 99.57% | 183.37% | |
Market Price | 3.85% | 8.96% | 14.82% | 13.50% | 99.58% | 183.47% | |
Index Performance | |||||||
Nasdaq US Rising Dividend AchieversTM Index | 4.06% | 9.56% | 15.45% | 14.11% | 105.11% | 196.27% | |
Dow Jones U.S. Select DividendTM Index* | 13.43% | 16.30% | 11.31% | 11.76% | 70.88% | 149.77% |
* | 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 | 35.6% |
Information Technology | 26.7 |
Health Care | 10.1 |
Materials | 7.8 |
Consumer Discretionary | 5.4 |
Energy | 4.2 |
Communication Services | 4.0 |
Industrials | 4.0 |
Consumer Staples | 2.2 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Archer-Daniels-Midland Co. | 2.2% |
Apple, Inc. | 2.2 |
Cincinnati Financial Corp. | 2.2 |
Intel Corp. | 2.1 |
Pioneer Natural Resources Co. | 2.1 |
Allstate (The) Corp. | 2.1 |
Freeport-McMoRan, Inc. | 2.1 |
NVIDIA Corp. | 2.1 |
EOG Resources, Inc. | 2.1 |
Corteva, Inc. | 2.1 |
Total | 21.3% |
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 | ||||||
6 Months Ended 3/31/22 | 1 Year Ended 3/31/22 | 5 Years Ended 3/31/22 | Inception (3/5/14) to 3/31/22 | 5 Years Ended 3/31/22 | Inception (3/5/14) to 3/31/22 | ||
Fund Performance | |||||||
NAV | 4.52% | 7.25% | 15.10% | 11.78% | 102.01% | 145.71% | |
Market Price | 4.52% | 7.24% | 15.08% | 11.77% | 101.80% | 145.56% | |
Index Performance | |||||||
Dorsey Wright Focus FiveTM Index | 4.77% | 7.68% | 15.43% | 12.17% | 104.89% | 152.67% | |
S&P 500® Index | 5.92% | 15.65% | 15.99% | 13.72% | 109.94% | 182.37% |
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 | ||||||
6 Months Ended 3/31/22 | 1 Year Ended 3/31/22 | 5 Years Ended 3/31/22 | Inception (3/10/14) to 3/31/22 | 5 Years Ended 3/31/22 | Inception (3/10/14) to 3/31/22 | ||
Fund Performance | |||||||
NAV | 3.54% | 4.47% | 12.33% | 10.02% | 78.83% | 115.85% | |
Market Price | 3.42% | 4.34% | 12.37% | 10.02% | 79.16% | 115.81% | |
Index Performance | |||||||
Richard Bernstein Advisors American Industrial Renaissance® Index | 3.93% | 5.27% | 13.14% | 10.86% | 85.36% | 129.46% | |
S&P 500® Index | 5.92% | 15.65% | 15.99% | 13.72% | 109.94% | 181.78% | |
S&P 500® Industrials Index | 6.08% | 6.14% | 11.27% | 10.62% | 70.54% | 125.53% | |
Russell 2500® Index | -2.22% | 0.34% | 11.57% | 9.77% | 72.90% | 111.86% |
Sector Allocation | % of Total Investments |
Industrials | 90.2% |
Financials | 9.2 |
Total | 99.4% |
Top Ten Holdings | % of Total Investments |
U.S. Ecology, Inc. | 4.8% |
Quanta Services, Inc. | 3.8 |
Evoqua Water Technologies Corp. | 3.8 |
NV5 Global, Inc. | 3.6 |
Clean Harbors, Inc. | 3.6 |
Arcosa, Inc. | 3.3 |
Mueller Water Products, Inc., Class A | 3.0 |
MYR Group, Inc. | 3.0 |
RBC Bearings, Inc. | 3.0 |
Comfort Systems USA, Inc. | 2.9 |
Total | 34.8% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | |||||||
Average Annual Total Returns | Cumulative Total Returns | ||||||
6 Months Ended 3/31/22 | 1 Year Ended 3/31/22 | 5 Years Ended 3/31/22 | Inception (3/10/14) to 3/31/22 | 5 Years Ended 3/31/22 | Inception (3/10/14) to 3/31/22 | ||
Fund Performance | |||||||
NAV | 9.26% | 17.89% | 10.61% | 9.52% | 65.56% | 108.03% | |
Market Price | 9.33% | 17.88% | 10.63% | 9.52% | 65.69% | 108.12% | |
Index Performance | |||||||
Dorsey Wright Momentum Plus Dividend YieldTM Index(1) | 9.69% | 18.71% | N/A | N/A | N/A | N/A | |
Dow Jones U.S. Select DividendTM Index(2) | 13.43% | 16.30% | 11.31% | 11.66% | 70.88% | 143.12% | |
S&P 500® Index | 5.92% | 15.65% | 15.99% | 13.72% | 109.94% | 181.78% |
(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 YieldTM 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 |
Real Estate | 37.9% |
Financials | 27.6 |
Energy | 18.1 |
Information Technology | 5.2 |
Materials | 2.8 |
Consumer Discretionary | 2.3 |
Communication Services | 2.3 |
Health Care | 2.2 |
Industrials | 1.6 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
ONEOK, Inc. | 5.3% |
Williams (The) Cos., Inc. | 5.1 |
Spirit Realty Capital, Inc. | 3.9 |
Prudential Financial, Inc. | 3.3 |
Marathon Petroleum Corp. | 3.2 |
Lamar Advertising Co., Class A | 3.0 |
Brixmor Property Group, Inc. | 2.9 |
EOG Resources, Inc. | 2.9 |
American Campus Communities, Inc. | 2.8 |
Welltower, Inc. | 2.7 |
Total | 35.1% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | |||||||
Average Annual Total Returns | Cumulative Total Returns | ||||||
6 Months Ended 3/31/22 | 1 Year Ended 3/31/22 | 5 Years Ended 3/31/22 | Inception (7/22/14) to 3/31/22 | 5 Years Ended 3/31/22 | Inception (7/22/14) to 3/31/22 | ||
Fund Performance | |||||||
NAV | -6.76% | -7.15% | 3.75% | 2.19% | 20.22% | 18.13% | |
Market Price | -6.50% | -7.01% | 3.82% | 2.22% | 20.63% | 18.42% | |
Index Performance | |||||||
Dorsey Wright International Focus FiveTM Index | -6.62% | -6.86% | 4.26% | 2.63% | 23.21% | 22.06% | |
MSCI ACWI ex USA Index | -3.72% | -1.48% | 6.76% | 3.87% | 38.71% | 33.93% |
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 | ||||||
6 Months Ended 3/31/22 | 1 Year Ended 3/31/22 | 5 Years Ended 3/31/22 | Inception (3/17/16) to 3/31/22 | 5 Years Ended 3/31/22 | Inception (3/17/16) to 3/31/22 | ||
Fund Performance | |||||||
NAV | 4.52% | 7.24% | 10.89% | 11.11% | 67.68% | 88.88% | |
Market Price | 4.52% | 7.24% | 10.86% | 11.10% | 67.48% | 88.83% | |
Index Performance | |||||||
Dorsey Wright Dynamic Focus FiveTM Index | 4.77% | 7.68% | 11.22% | 11.45% | 70.18% | 92.46% | |
S&P 500® Index | 5.92% | 15.65% | 15.99% | 16.26% | 109.94% | 148.42% |
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 | |||
6 Months Ended 3/31/22 | 1 Year Ended 3/31/22 | Inception (1/24/18) to 3/31/22 | Inception (1/24/18) to 3/31/22 | |
Fund Performance | ||||
NAV | -3.57% | 2.60% | 8.93% | 43.02% |
Market Price | -3.75% | 2.37% | 8.95% | 43.13% |
Index Performance | ||||
Indxx Blockchain Index | -3.10% | 3.85% | 10.04% | 49.16% |
S&P 500® Index | 5.92% | 15.65% | 13.86% | 72.07% |
Sector Allocation | % of Total Long-Term Investments |
Financials | 36.6% |
Information Technology | 33.3 |
Consumer Discretionary | 9.1 |
Communication Services | 8.3 |
Industrials | 5.7 |
Utilities | 2.9 |
Materials | 1.7 |
Consumer Staples | 1.6 |
Energy | 0.8 |
Total | 100.0% |
Top Ten Holdings | % of Total Long-Term Investments |
NVIDIA Corp. | 1.5% |
PayPal Holdings, Inc. | 1.5 |
Alibaba Group Holding Ltd., ADR | 1.5 |
Capgemini SE | 1.4 |
Infineon Technologies AG | 1.4 |
Amazon.com, Inc. | 1.4 |
JD.com, Inc., ADR | 1.4 |
Mastercard, Inc., Class A | 1.4 |
China CITIC Bank Corp., Ltd., Class H | 1.4 |
Accenture PLC, Class A | 1.4 |
Total | 14.3% |
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 | |||
6 Months Ended 3/31/22 | 1 Year Ended 3/31/22 | Inception (2/21/18) to 3/31/22 | Inception (2/21/18) to 3/31/22 | |
Fund Performance | ||||
NAV | -11.43% | -8.96% | 12.06% | 59.57% |
Market Price | -11.46% | -9.23% | 12.07% | 59.63% |
Index Performance | ||||
Nasdaq CTA Artificial Intelligence and Robotics IndexSM | -10.95% | -8.03% | 12.97% | 64.96% |
S&P 500® Index | 5.92% | 15.65% | 15.46% | 80.41% |
Sector Allocation | % of Total Long-Term Investments |
Information Technology | 57.3% |
Industrials | 21.4 |
Consumer Discretionary | 11.1 |
Health Care | 7.1 |
Communication Services | 2.4 |
Real Estate | 0.4 |
Consumer Staples | 0.3 |
Total | 100.0% |
Top Ten Holdings | % of Total Long-Term Investments |
AeroVironment, Inc. | 2.6% |
Luminar Technologies, Inc. | 2.2 |
Cadence Design Systems, Inc. | 2.1 |
BlackBerry Ltd. | 2.1 |
AutoStore Holdings Ltd. | 2.1 |
Illumina, Inc. | 2.1 |
Elbit Systems Ltd. | 2.1 |
Synopsys, Inc. | 2.1 |
Dynatrace, Inc. | 2.1 |
PROS Holdings, Inc. | 2.1 |
Total | 21.6% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | ||||
Average Annual Total Returns | Cumulative Total Returns | |||
6 Months Ended 3/31/22 | 1 Year Ended 3/31/22 | Inception (12/15/20) to 3/31/22 | Inception (12/15/20) to 3/31/22 | |
Fund Performance | ||||
NAV | -2.95% | 6.19% | 8.34% | 10.88% |
Market Price | -2.82% | 6.14% | 8.61% | 11.25% |
Index Performance | ||||
The International Developed Capital Strength IndexSM | -2.28% | 7.72% | 10.20% | 13.35% |
MSCI World ex USA Index | -1.82% | 3.04% | 7.11% | 9.27% |
Sector Allocation | % of Total Investments |
Industrials | 31.7% |
Health Care | 19.3 |
Consumer Staples | 13.8 |
Financials | 12.7 |
Information Technology | 10.9 |
Consumer Discretionary | 5.6 |
Materials | 3.7 |
Real Estate | 2.3 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Thales S.A. | 2.7% |
Alimentation Couche-Tard, Inc. | 2.5 |
Toronto-Dominion Bank (The) | 2.4 |
GlaxoSmithKline PLC | 2.4 |
Bunzl PLC | 2.4 |
AstraZeneca PLC | 2.3 |
Canadian National Railway Co. | 2.3 |
Intact Financial Corp. | 2.3 |
Novo Nordisk A.S., Class B | 2.3 |
Goodman Group | 2.3 |
Total | 23.9% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Beginning Account Value October 1, 2021 | Ending Account Value March 31, 2022 | 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 | $1,054.30 | 0.50% | $2.56 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.44 | 0.50% | $2.52 |
Multi-Asset Diversified Income Index Fund (MDIV) (b) | ||||
Actual | $1,000.00 | $1,058.40 | 0.48% | $2.46 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.54 | 0.48% | $2.42 |
First Trust S&P International Dividend Aristocrats ETF (FID) | ||||
Actual | $1,000.00 | $1,020.40 | 0.60% | $3.02 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
First Trust BuyWrite Income ETF (FTHI) | ||||
Actual | $1,000.00 | $1,098.40 | 0.85% | $4.45 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,020.69 | 0.85% | $4.28 |
First Trust Hedged BuyWrite Income ETF (FTLB) | ||||
Actual | $1,000.00 | $1,086.70 | 0.85% | $4.42 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,020.69 | 0.85% | $4.28 |
Beginning Account Value October 1, 2021 | Ending Account Value March 31, 2022 | Annualized Expense Ratio Based on the Six-Month Period | Expenses Paid During the Six-Month Period (a) | |
First Trust Rising Dividend Achievers ETF (RDVY) | ||||
Actual | $1,000.00 | $1,037.80 | 0.50% | $2.54 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.44 | 0.50% | $2.52 |
First Trust Dorsey Wright Focus 5 ETF (FV) (b) | ||||
Actual | $1,000.00 | $1,045.20 | 0.30% | $1.53 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,023.44 | 0.30% | $1.51 |
First Trust RBA American Industrial Renaissance® ETF (AIRR) | ||||
Actual | $1,000.00 | $1,035.40 | 0.70% | $3.55 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.44 | 0.70% | $3.53 |
First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) | ||||
Actual | $1,000.00 | $1,092.60 | 0.60% | $3.13 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
First Trust Dorsey Wright International Focus 5 ETF (IFV) (b) | ||||
Actual | $1,000.00 | $932.40 | 0.30% | $1.45 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,023.44 | 0.30% | $1.51 |
First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) (b) | ||||
Actual | $1,000.00 | $1,045.20 | 0.30% | $1.53 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,023.44 | 0.30% | $1.51 |
First Trust Indxx Innovative Transaction & Process ETF (LEGR) | ||||
Actual | $1,000.00 | $964.30 | 0.65% | $3.18 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.69 | 0.65% | $3.28 |
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) | ||||
Actual | $1,000.00 | $885.70 | 0.65% | $3.06 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.69 | 0.65% | $3.28 |
First Trust International Developed Capital Strength ETF (FICS) | ||||
Actual | $1,000.00 | $970.50 | 0.70% | $3.44 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.44 | 0.70% | $3.53 |
(a) | Expenses are equal to the annualized expense ratios as indicated in the table multiplied by the average account value over the period (October 1, 2021 through March 31, 2022), multiplied by 182/365 (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 – 99.8% | ||||
Communications Equipment – 4.8% | ||||
41,611 | ADTRAN, Inc. | $767,723 | ||
18,460 | AudioCodes Ltd. | 471,653 | ||
643,671 | Cisco Systems, Inc. | 35,891,095 | ||
24,815 | Comtech Telecommunications Corp. | 389,347 | ||
370,261 | Juniper Networks, Inc. | 13,758,899 | ||
107,968 | Motorola Solutions, Inc. | 26,149,849 | ||
404,172 | Telefonaktiebolaget LM Ericsson, ADR | 3,694,132 | ||
23,486 | Ubiquiti, Inc. | 6,838,184 | ||
87,960,882 | ||||
Diversified Telecommunication Services – 10.7% | ||||
1,515,304 | AT&T, Inc. | 35,806,634 | ||
15,643 | ATN International, Inc. | 623,843 | ||
683,371 | BCE, Inc. | 37,899,756 | ||
33,814 | Chunghwa Telecom Co., Ltd., ADR | 1,503,032 | ||
116,116 | Cogent Communications Holdings, Inc. | 7,704,297 | ||
3,465,011 | Lumen Technologies, Inc. | 39,050,674 | ||
215,448 | Orange S.A., ADR | 2,546,595 | ||
68,134 | Telkom Indonesia Persero Tbk PT, ADR | 2,176,881 | ||
1,422,245 | TELUS Corp. | 37,177,484 | ||
668,856 | Verizon Communications, Inc. | 34,071,525 | ||
198,560,721 | ||||
Electronic Equipment, Instruments & Components – 4.8% | ||||
183,399 | Amphenol Corp., Class A | 13,819,115 | ||
78,461 | Avnet, Inc. | 3,184,732 | ||
32,325 | Benchmark Electronics, Inc. | 809,418 | ||
48,757 | CDW Corp. | 8,722,140 | ||
736,705 | Corning, Inc. | 27,191,782 | ||
29,110 | Jabil, Inc. | 1,796,960 | ||
15,862 | Methode Electronics, Inc. | 686,031 | ||
130,169 | National Instruments Corp. | 5,283,560 | ||
31,228 | TD SYNNEX Corp. | 3,223,042 | ||
165,891 | TE Connectivity Ltd. | 21,728,403 | ||
97,657 | Vishay Intertechnology, Inc. | 1,914,077 | ||
88,359,260 | ||||
Health Care Technology – 0.0% | ||||
4,505 | Simulations Plus, Inc. | 229,665 | ||
Industrial Conglomerates – 0.5% | ||||
19,928 | Roper Technologies, Inc. | 9,410,599 |
Shares | Description | Value | ||
Interactive Media & Services – 0.3% | ||||
70,011 | Autohome, Inc., ADR | $2,129,034 | ||
92,749 | JOYY, Inc., ADR | 3,406,671 | ||
5,535,705 | ||||
Internet & Direct Marketing Retail – 0.1% | ||||
12,366 | Shutterstock, Inc. | 1,151,027 | ||
IT Services – 10.5% | ||||
83,578 | Amdocs Ltd. | 6,870,947 | ||
214,289 | Cognizant Technology Solutions Corp., Class A | 19,215,295 | ||
19,212 | CSG Systems International, Inc. | 1,221,307 | ||
21,082 | Hackett Group (The), Inc. | 486,151 | ||
475,661 | Infosys Ltd., ADR | 11,839,202 | ||
1,172,067 | International Business Machines Corp. | 152,392,151 | ||
41,490 | Switch, Inc., Class A | 1,278,722 | ||
193,303,775 | ||||
Media – 2.1% | ||||
2,150 | Cable One, Inc. | 3,148,116 | ||
767,696 | Comcast Corp., Class A | 35,943,527 | ||
39,091,643 | ||||
Professional Services – 0.7% | ||||
45,321 | KBR, Inc. | 2,480,419 | ||
70,798 | Leidos Holdings, Inc. | 7,647,600 | ||
35,225 | Science Applications International Corp. | 3,246,688 | ||
13,374,707 | ||||
Semiconductors & Semiconductor Equipment – 42.8% | ||||
67,234 | Amkor Technology, Inc. | 1,460,322 | ||
330,276 | Analog Devices, Inc. | 54,554,990 | ||
226,798 | Applied Materials, Inc. | 29,891,976 | ||
239,517 | ASE Technology Holding Co., Ltd., ADR | 1,698,176 | ||
18,030 | ASML Holding N.V. | 12,042,778 | ||
244,433 | Broadcom, Inc. | 153,914,571 | ||
94,786 | Himax Technologies, Inc., ADR | 1,029,376 | ||
3,010,274 | Intel Corp. | 149,189,179 | ||
61,818 | KLA Corp. | 22,629,097 | ||
25,790 | Kulicke & Soffa Industries, Inc. | 1,444,756 | ||
51,007 | Lam Research Corp. | 27,421,873 | ||
246,875 | Microchip Technology, Inc. | 18,550,188 | ||
8,918 | Monolithic Power Systems, Inc. | 4,331,294 | ||
113,881 | NXP Semiconductors N.V. | 21,077,096 | ||
13,011 | Power Integrations, Inc. | 1,205,859 | ||
417,439 | QUALCOMM, Inc. | 63,793,028 | ||
27,305 | Silicon Motion Technology Corp., ADR | 1,824,520 | ||
92,235 | Skyworks Solutions, Inc. | 12,293,081 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Semiconductors & Semiconductor Equipment (Continued) | ||||
670,918 | Taiwan Semiconductor Manufacturing Co., Ltd., ADR | $69,949,911 | ||
765,716 | Texas Instruments, Inc. | 140,493,572 | ||
168,998 | United Microelectronics Corp., ADR | 1,541,262 | ||
9,181 | Universal Display Corp. | 1,532,768 | ||
791,869,673 | ||||
Software – 14.4% | ||||
23,252 | American Software, Inc., Class A | 484,572 | ||
56,645 | CDK Global, Inc. | 2,757,479 | ||
29,192 | Dolby Laboratories, Inc., Class A | 2,283,398 | ||
11,529 | Ebix, Inc. | 382,186 | ||
32,315 | InterDigital, Inc. | 2,061,697 | ||
160,021 | Micro Focus International PLC, ADR | 848,111 | ||
480,571 | Microsoft Corp. | 148,164,845 | ||
367,961 | NortonLifeLock, Inc. | 9,758,326 | ||
192,719 | Open Text Corp. | 8,171,286 | ||
945,046 | Oracle Corp. | 78,183,655 | ||
25,716 | Progress Software Corp. | 1,210,966 | ||
39,969 | SAP SE, ADR | 4,434,960 | ||
27,476 | Sapiens International Corp., N.V. | 697,616 | ||
85,242 | SS&C Technologies Holdings, Inc. | 6,394,855 | ||
265,833,952 | ||||
Technology Hardware, Storage & Peripherals – 5.7% | ||||
1,436,953 | Hewlett Packard Enterprise Co. | 24,011,485 | ||
934,212 | HP, Inc. | 33,911,895 | ||
76,892 | Logitech International S.A. | 5,673,092 | ||
205,811 | NetApp, Inc. | 17,082,313 | ||
210,773 | Seagate Technology Holdings PLC | 18,948,493 | ||
290,760 | Xerox Holdings Corp. | 5,864,629 | ||
105,491,907 | ||||
Wireless Telecommunication Services – 2.4% | ||||
282,769 | America Movil SAB de CV, ADR, Class L | 5,980,564 | ||
1,324,111 | Mobile TeleSystems PJSC, ADR (a) (b) (c) | 471,973 | ||
39,656 | PLDT, Inc., ADR | 1,393,512 | ||
589,637 | Rogers Communications, Inc., Class B | 33,461,899 |
Shares | Description | Value | ||
Wireless Telecommunication Services (Continued) | ||||
209,677 | Telephone & Data Systems, Inc. | $3,958,702 | ||
45,266,650 | ||||
Total Investments – 99.8% | 1,845,440,166 | |||
(Cost $1,574,415,132) | ||||
Net Other Assets and Liabilities – 0.2% | 2,834,310 | |||
Net Assets – 100.0% | $1,848,274,476 |
(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 the provisions of the Investment Company Act of 1940, as amended. At March 31, 2022, securities noted as such are valued at $471,973 or 0.0% of net assets. |
(b) | Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be illiquid by First Trust Advisors, L.P., the Fund’s Advisor. |
(c) | This security’s value was determined using significant unobservable inputs (see Note 2A – Portfolio Valuation in the Notes to Financial Statements). |
ADR | American Depositary Receipt |
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Wireless Telecommunication Services | $ 45,266,650 | $ 44,794,677 | $ — | $ 471,973 |
Other industry categories* | 1,800,173,516 | 1,800,173,516 | — | — |
Total Investments | $ 1,845,440,166 | $ 1,844,968,193 | $— | $ 471,973 |
* | See Portfolio of Investments for industry breakout. |
Shares/ Units | Description | Value | ||
COMMON STOCKS – 20.2% | ||||
Banks – 0.8% | ||||
59,450 | CVB Financial Corp. | $1,379,834 | ||
172,719 | Northwest Bancshares, Inc. | 2,333,434 | ||
3,713,268 | ||||
Biotechnology – 0.7% | ||||
11,260 | AbbVie, Inc. | 1,825,358 | ||
29,364 | Gilead Sciences, Inc. | 1,745,690 | ||
3,571,048 | ||||
Chemicals – 0.5% | ||||
34,104 | Dow, Inc. | 2,173,107 | ||
Containers & Packaging – 0.4% | ||||
39,824 | International Paper Co. | 1,837,878 | ||
Diversified Consumer Services – 0.4% | ||||
81,678 | H&R Block, Inc. | 2,126,895 | ||
Diversified Telecommunication Services – 1.1% | ||||
147,685 | AT&T, Inc. | 3,489,797 | ||
38,061 | Verizon Communications, Inc. | 1,938,827 | ||
5,428,624 | ||||
Electric Utilities – 3.8% | ||||
27,117 | ALLETE, Inc. | 1,816,297 | ||
15,912 | American Electric Power Co., Inc. | 1,587,540 | ||
15,939 | Duke Energy Corp. | 1,779,749 | ||
28,949 | Edison International | 2,029,325 | ||
14,298 | Entergy Corp. | 1,669,291 | ||
23,434 | Evergy, Inc. | 1,601,480 | ||
38,105 | FirstEnergy Corp. | 1,747,495 | ||
48,951 | OGE Energy Corp. | 1,996,222 | ||
29,230 | Pinnacle West Capital Corp. | 2,282,863 | ||
25,159 | Southern (The) Co. | 1,824,279 | ||
18,334,541 | ||||
Food & Staples Retailing – 0.3% | ||||
35,534 | Walgreens Boots Alliance, Inc. | 1,590,857 | ||
Food Products – 1.3% | ||||
31,995 | Campbell Soup Co. | 1,426,017 | ||
42,785 | Conagra Brands, Inc. | 1,436,292 | ||
24,703 | Kellogg Co. | 1,593,097 | ||
48,876 | Kraft Heinz (The) Co. | 1,925,226 | ||
6,380,632 | ||||
Gas Utilities – 0.4% | ||||
25,549 | Spire, Inc. | 1,833,396 | ||
Health Care Providers & Services – 0.4% | ||||
30,158 | Cardinal Health, Inc. | 1,709,959 | ||
Household Products – 0.3% | ||||
10,965 | Kimberly-Clark Corp. | 1,350,449 | ||
Industrial Conglomerates – 0.3% | ||||
10,306 | 3M Co. | 1,534,357 |
Shares/ Units | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Insurance – 3.4% | ||||
72,371 | CNA Financial Corp. | $3,518,678 | ||
33,645 | Horace Mann Educators Corp. | 1,407,370 | ||
36,132 | Mercury General Corp. | 1,987,260 | ||
151,790 | Old Republic International Corp. | 3,926,807 | ||
20,277 | Principal Financial Group, Inc. | 1,488,535 | ||
16,010 | Prudential Financial, Inc. | 1,891,902 | ||
22,477 | Safety Insurance Group, Inc. | 2,042,035 | ||
16,262,587 | ||||
IT Services – 0.9% | ||||
17,195 | International Business Machines Corp. | 2,235,694 | ||
117,279 | Western Union (The) Co. | 2,197,808 | ||
4,433,502 | ||||
Leisure Products – 0.2% | ||||
13,000 | Hasbro, Inc. | 1,064,960 | ||
Media – 0.3% | ||||
18,996 | Omnicom Group, Inc. | 1,612,381 | ||
Multi-Utilities – 1.1% | ||||
20,990 | Black Hills Corp. | 1,616,650 | ||
18,021 | Consolidated Edison, Inc. | 1,706,228 | ||
30,262 | NorthWestern Corp. | 1,830,549 | ||
5,153,427 | ||||
Oil, Gas & Consumable Fuels – 0.8% | ||||
12,339 | Chevron Corp. | 2,009,160 | ||
25,202 | Exxon Mobil Corp. | 2,081,433 | ||
4,090,593 | ||||
Thrifts & Mortgage Finance – 0.8% | ||||
216,762 | New York Community Bancorp, Inc. | 2,323,689 | ||
70,297 | Provident Financial Services, Inc. | 1,644,950 | ||
3,968,639 | ||||
Tobacco – 1.6% | ||||
57,855 | Altria Group, Inc. | 3,022,924 | ||
20,217 | Philip Morris International, Inc. | 1,899,185 | ||
45,292 | Universal Corp. | 2,630,106 | ||
7,552,215 | ||||
Trading Companies & Distributors – 0.4% | ||||
20,344 | MSC Industrial Direct Co., Inc., Class A | 1,733,512 | ||
Total Common Stocks | 97,456,827 | |||
(Cost $91,911,440) | ||||
REAL ESTATE INVESTMENT TRUSTS – 20.2% | ||||
Health Care REITs – 2.1% | ||||
141,603 | CareTrust REIT, Inc. | 2,732,938 | ||
119,961 | Medical Properties Trust, Inc. | 2,535,975 | ||
149,849 | Omega Healthcare Investors, Inc. | 4,669,295 | ||
9,938,208 | ||||
Industrial REITs – 0.6% | ||||
127,598 | Industrial Logistics Properties Trust | 2,892,647 |
Shares/ Units | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS (Continued) | ||||
Mortgage REITs – 13.7% | ||||
371,434 | AGNC Investment Corp. | $4,865,786 | ||
793,573 | Annaly Capital Management, Inc. | 5,586,754 | ||
389,695 | Apollo Commercial Real Estate Finance, Inc. | 5,428,451 | ||
223,395 | Arbor Realty Trust, Inc. | 3,811,119 | ||
123,149 | Blackstone Mortgage Trust, Inc., Class A | 3,914,907 | ||
512,742 | Broadmark Realty Capital, Inc. | 4,435,218 | ||
274,767 | Ellington Financial, Inc. | 4,877,114 | ||
186,140 | KKR Real Estate Finance Trust, Inc. | 3,836,346 | ||
1,015,534 | MFA Financial, Inc. | 4,092,602 | ||
403,681 | New Residential Investment Corp. | 4,432,417 | ||
1,506,825 | New York Mortgage Trust, Inc. | 5,499,911 | ||
365,787 | Ready Capital Corp. | 5,508,752 | ||
301,897 | Redwood Trust, Inc. | 3,178,976 | ||
1,158,863 | Two Harbors Investment Corp. | 6,408,512 | ||
65,876,865 | ||||
Office REITs – 0.5% | ||||
52,220 | Highwoods Properties, Inc. | 2,388,543 | ||
Retail REITs – 1.1% | ||||
95,844 | Getty Realty Corp. | 2,743,055 | ||
55,326 | National Retail Properties, Inc. | 2,486,351 | ||
5,229,406 | ||||
Specialized REITs – 2.2% | ||||
89,224 | Four Corners Property Trust, Inc. | 2,412,617 | ||
70,089 | Gaming and Leisure Properties, Inc. | 3,289,277 | ||
190,199 | Uniti Group, Inc. | 2,617,138 | ||
85,508 | VICI Properties, Inc. | 2,433,557 | ||
10,752,589 | ||||
Total Real Estate Investment Trusts | 97,078,258 | |||
(Cost $96,951,342) | ||||
MASTER LIMITED PARTNERSHIPS – 20.0% | ||||
Energy Equipment & Services – 1.3% | ||||
342,911 | USA Compression Partners, L.P. | 6,038,662 | ||
Industrial Conglomerates – 1.3% | ||||
121,231 | Icahn Enterprises, L.P. | 6,295,526 | ||
Oil, Gas & Consumable Fuels – 17.4% | ||||
310,390 | Black Stone Minerals, L.P. | 4,177,849 | ||
45,873 | Cheniere Energy Partners, L.P. | 2,585,402 | ||
133,297 | Crestwood Equity Partners, L.P. | 3,988,246 | ||
210,816 | CrossAmerica Partners, L.P. | 4,597,897 | ||
74,837 | DCP Midstream, L.P. | 2,511,530 | ||
89,835 | Delek Logistics Partners, L.P. | 3,951,842 | ||
165,092 | Dorchester Minerals, L.P. | 4,284,137 | ||
293,858 | Energy Transfer, L.P. | 3,288,271 | ||
141,746 | Enterprise Products Partners, L.P. | 3,658,464 | ||
145,822 | Global Partners, L.P. | 3,976,566 | ||
202,979 | Holly Energy Partners, L.P. | 3,590,699 | ||
264,568 | Kimbell Royalty Partners, L.P. | 4,301,876 | ||
78,525 | Magellan Midstream Partners, L.P. | 3,853,222 | ||
140,804 | MPLX, L.P. | 4,671,877 | ||
269,353 | NuStar Energy, L.P. | 3,884,070 |
Shares/ Units | Description | Value | ||
MASTER LIMITED PARTNERSHIPS (Continued) | ||||
Oil, Gas & Consumable Fuels (Continued) | ||||
309,599 | PBF Logistics, L.P. | $4,340,578 | ||
285,148 | Plains All American Pipeline, L.P. | 3,068,193 | ||
248,923 | Plains GP Holdings, L.P., Class A (a) | 2,875,061 | ||
251,124 | Rattler Midstream, L.P. | 3,508,202 | ||
344,555 | Shell Midstream Partners, L.P. | 4,899,572 | ||
76,786 | Sunoco, L.P. | 3,135,940 | ||
81,071 | Viper Energy Partners, L.P. (a) | 2,397,269 | ||
93,249 | Western Midstream Partners, L.P. | 2,351,740 | ||
83,898,503 | ||||
Total Master Limited Partnerships | 96,232,691 | |||
(Cost $73,837,574) | ||||
EXCHANGE-TRADED FUNDS – 19.4% | ||||
Capital Markets – 19.4% | ||||
2,043,059 | First Trust Tactical High Yield ETF (b) | 93,490,380 | ||
(Cost $99,376,104) |
Shares | Description | Stated Rate | Stated Maturity | Value | ||||
$25 PAR PREFERRED SECURITIES – 19.6% | ||||||||
Banks – 8.7% | ||||||||
132,342 | Bank of America Corp., Series GG | 6.00% | (c) | 3,446,186 | ||||
128,898 | Bank of America Corp., Series HH | 5.88% | (c) | 3,290,766 | ||||
137,647 | Bank of America Corp., Series K (d) | 6.45% | 12/15/66 | 3,624,245 | ||||
139,644 | Citigroup Capital XIII, 3 Mo. LIBOR + 6.37% (e) | 6.67% | 10/30/40 | 3,826,246 | ||||
147,227 | Citigroup, Inc., Series J (d) | 7.13% | (c) | 3,882,376 | ||||
144,038 | Citigroup, Inc., Series K (d) | 6.88% | (c) | 3,795,401 | ||||
125,429 | JPMorgan Chase & Co., Series DD | 5.75% | (c) | 3,222,271 | ||||
127,363 | JPMorgan Chase & Co., Series EE | 6.00% | (c) | 3,352,194 | ||||
118,252 | JPMorgan Chase & Co., Series GG | 4.75% | (c) | 2,713,883 | ||||
143,846 | PNC Financial Services Group (The), Inc., Series P (d) | 6.13% | (c) | 3,642,181 | ||||
134,595 | Wells Fargo & Co., Series R (d) | 6.63% | (c) | 3,611,184 | ||||
130,599 | Wells Fargo & Co., Series Y | 5.63% | (c) | 3,313,297 | ||||
41,720,230 | ||||||||
Capital Markets – 2.3% | ||||||||
136,743 | Charles Schwab (The) Corp., Series D | 5.95% | (c) | 3,460,965 | ||||
145,922 | Morgan Stanley, Series E (d) | 7.13% | (c) | 3,891,740 | ||||
140,648 | Morgan Stanley, Series F (d) | 6.88% | (c) | 3,756,708 | ||||
11,109,413 | ||||||||
Diversified Financial Services – 0.8% | ||||||||
152,914 | Apollo Asset Management, Inc., Class A | 6.38% | (c) | 3,847,316 | ||||
Diversified Telecommunication Services – 2.3% | ||||||||
126,385 | AT&T, Inc. | 5.63% | 08/01/67 | 3,219,026 | ||||
159,062 | Qwest Corp. | 6.50% | 09/01/56 | 3,917,697 | ||||
160,439 | Qwest Corp. | 6.75% | 06/15/57 | 4,002,953 | ||||
11,139,676 | ||||||||
Food Products – 1.7% | ||||||||
124,194 | CHS, Inc. | 8.00% | (c) | 4,011,466 |
Shares | Description | Stated Rate | Stated Maturity | Value | ||||
$25 PAR PREFERRED SECURITIES (Continued) | ||||||||
Food Products (Continued) | ||||||||
157,250 | CHS, Inc., Series 1 | 7.88% | (c) | $4,190,713 | ||||
8,202,179 | ||||||||
Insurance – 1.0% | ||||||||
182,987 | Hartford Financial Services Group (The), Inc. (d) | 7.88% | 04/15/42 | 4,569,185 | ||||
Mortgage Real Estate Investment Trusts – 1.7% | ||||||||
171,699 | AGNC Investment Corp., Series C (d) | 7.00% | (c) | 4,263,286 | ||||
161,228 | AGNC Investment Corp., Series E (d) | 6.50% | (c) | 3,922,677 | ||||
8,185,963 | ||||||||
Multi-Utilities – 1.1% | ||||||||
209,376 | CMS Energy Corp. | 5.88% | 10/15/78 | 5,403,995 | ||||
Total $25 Par Preferred Securities | 94,177,957 | |||||||
(Cost $98,781,062) |
Total Investments – 99.4% | 478,436,113 | ||
(Cost $460,857,522) | |||
Net Other Assets and Liabilities – 0.6% | 2,872,039 | ||
Net Assets – 100.0% | $481,308,152 |
(a) | This security is taxed as a “C” corporation for federal income tax purposes. |
(b) | Investment in an affiliated fund. |
(c) | Perpetual maturity. |
(d) | Fixed-to-floating or fixed-to-variable rate security. The interest rate shown reflects the fixed rate in effect at March 31, 2022. At a predetermined date, the fixed rate will change to a floating rate or a variable rate. |
(e) | Floating rate security. |
LIBOR | London Interbank Offered Rate |
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 97,456,827 | $ 97,456,827 | $ — | $ — |
Real Estate Investment Trusts* | 97,078,258 | 97,078,258 | — | — |
Master Limited Partnerships* | 96,232,691 | 96,232,691 | — | — |
Exchange-Traded Funds* | 93,490,380 | 93,490,380 | — | — |
$25 Par Preferred Securities* | 94,177,957 | 94,177,957 | — | — |
Total Investments | $ 478,436,113 | $ 478,436,113 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 91.2% | ||||
Aerospace & Defense – 2.7% | ||||
83,563 | BAE Systems PLC (a) | $784,778 | ||
223,700 | Singapore Technologies Engineering Ltd. (a) | 677,599 | ||
1,462,377 | ||||
Banks – 6.6% | ||||
3,855 | Bank of Montreal | 453,633 | ||
7,064 | Bank of Nova Scotia (The) | 506,287 | ||
7,046 | Banque Cantonale Vaudoise (a) | 609,613 | ||
3,887 | Canadian Imperial Bank of Commerce | 471,825 | ||
29,900 | Fukuoka Financial Group, Inc. (a) | 576,948 | ||
86,300 | Mitsubishi UFJ Financial Group, Inc. (a) | 533,432 | ||
13,400 | Sumitomo Mitsui Trust Holdings, Inc. (a) | 436,098 | ||
3,587,836 | ||||
Beverages – 1.3% | ||||
108,931 | Arca Continental S.A.B. de C.V. | 739,296 | ||
Capital Markets – 3.8% | ||||
172,334 | Ashmore Group PLC (a) | 523,416 | ||
53,793 | IG Group Holdings PLC (a) | 577,776 | ||
14,996 | IGM Financial, Inc. | 529,835 | ||
17,600 | SBI Holdings, Inc. (a) | 444,063 | ||
2,075,090 | ||||
Chemicals – 2.0% | ||||
10,839 | BASF SE (a) | 618,479 | ||
17,500 | Denka Co., Ltd. (a) | 484,849 | ||
1,103,328 | ||||
Commercial Services & Supplies – 1.4% | ||||
28,225 | Intrum AB (a) | 761,666 | ||
Construction & Engineering – 1.5% | ||||
22,904 | Bouygues S.A. (a) | 799,443 | ||
Diversified Telecommunication Services – 5.8% | ||||
15,647 | BCE, Inc. | 867,366 | ||
1,167 | Swisscom AG (a) | 701,141 | ||
61,139 | Telenor ASA (a) | 877,316 | ||
28,727 | TELUS Corp. | 750,489 | ||
3,196,312 | ||||
Electric Utilities – 7.3% | ||||
122,602 | CK Infrastructure Holdings Ltd. (a) | 819,575 | ||
60,966 | CLP Holdings, Ltd. (a) | 593,193 | ||
115,990 | EDP - Energias de Portugal S.A. (a) | 570,890 |
Shares | Description | Value | ||
Electric Utilities (Continued) | ||||
13,658 | Emera, Inc. | $677,028 | ||
22,444 | Fortum Oyj (a) | 410,210 | ||
144,484 | Power Assets Holdings Ltd. | 941,609 | ||
4,012,505 | ||||
Food & Staples Retailing – 1.1% | ||||
14,676 | Etablissements Franz Colruyt N.V. (a) | 607,504 | ||
Food Products – 1.3% | ||||
73,136 | Tate & Lyle PLC (a) | 701,091 | ||
Gas Utilities – 6.7% | ||||
111,826 | APA Group (a) | 888,775 | ||
182,812 | Beijing Enterprises Holdings Ltd. (a) | 576,938 | ||
56,442 | Enagas S.A. (a) | 1,253,368 | ||
32,854 | Rubis SCA (a) | 965,674 | ||
3,684,755 | ||||
Independent Power & Renewable Electricity Producers – 3.2% | ||||
27,938 | Capital Power Corp. | 909,776 | ||
58,600 | Electric Power Development Co., Ltd. (a) | 836,928 | ||
1,746,704 | ||||
Insurance – 13.2% | ||||
13,245 | Ageas S.A./N.V. (a) | 669,578 | ||
2,096 | Allianz SE (a) | 500,542 | ||
2,858 | Baloise Holding AG (a) | 510,429 | ||
19,329 | Great-West Lifeco, Inc. | 569,596 | ||
4,289 | Helvetia Holding AG (a) | 559,937 | ||
169,199 | Legal & General Group PLC (a) | 599,877 | ||
26,112 | Manulife Financial Corp. | 556,850 | ||
15,900 | MS&AD Insurance Group Holdings, Inc. (a) | 516,240 | ||
1,411 | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (a) | 377,216 | ||
16,368 | Power Corp. of Canada | 506,692 | ||
7,578 | Sun Life Financial, Inc. | 423,105 | ||
677 | Swiss Life Holding AG (a) | 433,826 | ||
7,300 | Tokio Marine Holdings, Inc. (a) | 424,811 | ||
1,198 | Zurich Insurance Group AG (a) | 591,692 | ||
7,240,391 | ||||
Machinery – 1.1% | ||||
7,086 | Sulzer AG (a) | 588,604 | ||
Media – 1.1% | ||||
25,207 | Quebecor, Inc., Class B | 600,863 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Metals & Mining – 1.3% | ||||
37,100 | Asahi Holdings, Inc. (a) | $686,107 | ||
Multi-Utilities – 2.7% | ||||
19,914 | ATCO Ltd., Class I | 683,844 | ||
26,039 | Canadian Utilities Ltd., Class A | 798,156 | ||
1,482,000 | ||||
Oil, Gas & Consumable Fuels – 7.8% | ||||
12,878 | Canadian Natural Resources Ltd. | 797,413 | ||
197,600 | ENEOS Holdings, Inc. (a) | 738,772 | ||
45,693 | Keyera Corp. | 1,158,270 | ||
17,618 | Koninklijke Vopak N.V. (a) | 570,020 | ||
17,933 | TC Energy Corp. | 1,011,443 | ||
4,275,918 | ||||
Paper & Forest Products – 0.9% | ||||
15,006 | UPM-Kymmene Oyj (a) | 490,021 | ||
Pharmaceuticals – 4.0% | ||||
34,599 | GlaxoSmithKline PLC (a) | 748,617 | ||
6,519 | Novartis AG (a) | 572,313 | ||
30,600 | Takeda Pharmaceutical Co., Ltd. (a) | 871,862 | ||
2,192,792 | ||||
Professional Services – 1.3% | ||||
15,404 | Adecco Group AG (a) | 698,749 | ||
Real Estate Management & Development – 9.6% | ||||
335,369 | China Overseas Land & Investment Ltd. (a) | 997,967 | ||
193,384 | Henderson Land Development Co., Ltd. (a) | 802,742 | ||
137,160 | Longfor Group Holdings Ltd. (a) (b) (c) | 701,597 | ||
262,422 | New World Development Co., Ltd. (a) | 1,064,685 | ||
694,338 | Sino Land Co., Ltd. (a) | 895,287 | ||
66,377 | Sun Hung Kai Properties Ltd. (a) | 789,720 | ||
5,251,998 | ||||
Tobacco – 1.7% | ||||
14,275 | KT&G Corp. (a) | 949,717 | ||
Water Utilities – 1.8% | ||||
707,717 | Guangdong Investment Ltd. (a) | 964,223 | ||
Total Common Stocks | 49,899,290 | |||
(Cost $48,443,793) |
Shares | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS – 7.8% | ||||
Equity Real Estate Investment Trusts – 7.8% | ||||
16,867 | Allied Properties Real Estate Investment Trust | $629,131 | ||
111 | Daiwa Office Investment Corp. (a) | 689,079 | ||
887 | Japan Metropolitan Fund Investment Corp. (a) | 748,454 | ||
79,546 | Link REIT (a) | 677,432 | ||
321,603 | Primary Health Properties PLC (a) | 624,861 | ||
35,416 | SmartCentres Real Estate Investment Trust | 930,054 | ||
Total Real Estate Investment Trusts | 4,299,011 | |||
(Cost $4,187,711) | ||||
Total Investments – 99.0% | 54,198,301 | |||
(Cost $52,631,504) | ||||
Net Other Assets and Liabilities – 1.0% | 529,950 | |||
Net Assets – 100.0% | $54,728,251 |
(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 March 31, 2022, securities noted as such are valued at $38,685,740 or 70.7% 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) | This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the “1933 Act”), and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P. (the “Advisor”). Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined based on security specific factors and assumptions, which require subjective judgment. At March 31, 2022, securities noted as such amounted to $701,597 or 1.3% of net assets. |
(c) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act. |
Currency Exposure Diversification | % of Total Investments |
Canadian Dollar | 25.5% |
Hong Kong Dollar | 18.1 |
Japanese Yen | 14.7 |
Euro | 14.5 |
Swiss Franc | 9.7 |
British Pound Sterling | 8.4 |
South Korean Won | 1.8 |
Australian Dollar | 1.6 |
Norwegian Krone | 1.6 |
Swedish Krona | 1.4 |
Mexican Peso | 1.4 |
Singapore Dollar | 1.3 |
Total | 100.0% |
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Banks | $ 3,587,836 | $ 1,431,745 | $ 2,156,091 | $ — |
Beverages | 739,296 | 739,296 | — | — |
Capital Markets | 2,075,090 | 529,835 | 1,545,255 | — |
Diversified Telecommunication Services | 3,196,312 | 1,617,855 | 1,578,457 | — |
Electric Utilities | 4,012,505 | 1,618,637 | 2,393,868 | — |
Independent Power & Renewable Electricity Producers | 1,746,704 | 909,776 | 836,928 | — |
Insurance | 7,240,391 | 2,056,243 | 5,184,148 | — |
Media | 600,863 | 600,863 | — | — |
Multi-Utilities | 1,482,000 | 1,482,000 | — | — |
Oil, Gas & Consumable Fuels | 4,275,918 | 2,967,126 | 1,308,792 | — |
Other industry categories* | 20,942,375 | — | 20,942,375 | — |
Real Estate Investment Trusts* | 4,299,011 | 1,559,185 | 2,739,826 | — |
Total Investments | $ 54,198,301 | $ 15,512,561 | $ 38,685,740 | $— |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 94.9% | ||||
Aerospace & Defense – 1.0% | ||||
1,545 | AAR Corp. (a) | $74,825 | ||
6,650 | Maxar Technologies, Inc. | 262,409 | ||
1,361 | Raytheon Technologies Corp. | 134,834 | ||
472,068 | ||||
Automobiles – 1.9% | ||||
834 | Tesla, Inc. (a) | 898,718 | ||
Banks – 12.4% | ||||
2,333 | Ameris Bancorp | 102,372 | ||
7,927 | Associated Banc-Corp. | 180,419 | ||
852 | BOK Financial Corp. | 80,045 | ||
5,888 | Cadence Bank | 172,283 | ||
2,032 | First Financial Bancorp | 46,838 | ||
4,377 | FNB Corp. | 54,494 | ||
2,550 | Hilltop Holdings, Inc. | 74,970 | ||
22,677 | Huntington Bancshares, Inc. (b) | 331,538 | ||
9,822 | Investors Bancorp, Inc. | 146,642 | ||
3,672 | JPMorgan Chase & Co. (b) | 500,567 | ||
863 | Meta Financial Group, Inc. | 47,396 | ||
698 | NBT Bancorp, Inc. | 25,219 | ||
1,971 | PacWest Bancorp | 85,009 | ||
5,696 | PNC Financial Services Group (The), Inc. (b) | 1,050,627 | ||
2,086 | Prosperity Bancshares, Inc. (b) | 144,727 | ||
20,835 | Regions Financial Corp. (b) | 463,787 | ||
2,670 | Synovus Financial Corp. | 130,830 | ||
3,136 | United Bankshares, Inc. | 109,384 | ||
13,681 | US Bancorp (b) | 727,145 | ||
3,721 | Webster Financial Corp. | 208,822 | ||
23,101 | Wells Fargo & Co. (b) | 1,119,474 | ||
1,758 | WesBanco, Inc. | 60,405 | ||
5,862,993 | ||||
Beverages – 0.3% | ||||
2,031 | Coca-Cola (The) Co. | 125,922 | ||
Biotechnology – 2.2% | ||||
1,968 | AbbVie, Inc. (b) | 319,033 | ||
545 | Amgen, Inc. | 131,792 | ||
324 | Biogen, Inc. (a) | 68,234 | ||
1,499 | Gilead Sciences, Inc. | 89,116 | ||
1,516 | Incyte Corp. (a) | 120,401 | ||
244 | Moderna, Inc. (a) | 42,031 | ||
164 | Regeneron Pharmaceuticals, Inc. (a) | 114,541 | ||
587 | Vertex Pharmaceuticals, Inc. (a) | 153,189 | ||
1,038,337 | ||||
Chemicals – 4.3% | ||||
483 | Albemarle Corp. | 106,815 | ||
2,484 | CF Industries Holdings, Inc. | 256,001 | ||
3,546 | Chemours (The) Co. | 111,628 | ||
2,729 | Corteva, Inc. | 156,863 | ||
1,886 | Dow, Inc. | 120,176 | ||
1,451 | DuPont de Nemours, Inc. | 106,765 | ||
1,030 | Eastman Chemical Co. | 115,422 | ||
494 | Ecolab, Inc. | 87,221 | ||
2,536 | Ecovyst, Inc. | 29,316 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Chemicals (Continued) | ||||
4,875 | Element Solutions, Inc. (b) | $106,762 | ||
1,243 | FMC Corp. | 163,542 | ||
1,415 | Ingevity Corp. (a) | 90,659 | ||
1,145 | LyondellBasell Industries N.V., Class A | 117,729 | ||
691 | PPG Industries, Inc. | 90,569 | ||
1,318 | RPM International, Inc. | 107,338 | ||
3,722 | Valvoline, Inc. | 117,466 | ||
1,368 | Westlake Corp. | 168,811 | ||
2,053,083 | ||||
Commercial Services & Supplies – 0.3% | ||||
1,677 | Interface, Inc. | 22,757 | ||
1,786 | Stericycle, Inc. (a) | 105,231 | ||
127,988 | ||||
Construction & Engineering – 0.8% | ||||
4,884 | AECOM | 375,140 | ||
Consumer Finance – 1.1% | ||||
5,052 | Ally Financial, Inc. | 219,661 | ||
891 | Capital One Financial Corp. | 116,979 | ||
354 | Nelnet, Inc., Class A | 30,087 | ||
4,551 | Synchrony Financial | 158,420 | ||
525,147 | ||||
Containers & Packaging – 0.3% | ||||
9,437 | O-I Glass, Inc. (a) | 124,380 | ||
Diversified Consumer Services – 1.1% | ||||
11,629 | H&R Block, Inc. | 302,819 | ||
4,483 | Terminix Global Holdings, Inc. (a) | 204,559 | ||
507,378 | ||||
Diversified Financial Services – 1.7% | ||||
2,243 | Berkshire Hathaway, Inc., Class B (a) (b) | 791,577 | ||
Diversified Telecommunication Services – 0.2% | ||||
4,848 | AT&T, Inc. (b) | 114,558 | ||
Electrical Equipment – 0.2% | ||||
11,213 | GrafTech International Ltd. | 107,869 | ||
Electronic Equipment, Instruments & Components – 0.2% | ||||
6,890 | TTM Technologies, Inc. (a) | 102,110 | ||
Energy Equipment & Services – 0.9% | ||||
55,707 | TechnipFMC PLC (a) | 431,729 | ||
Food & Staples Retailing – 0.8% | ||||
5,069 | Albertsons Cos., Inc., Class A | 168,544 | ||
5,052 | United Natural Foods, Inc. (a) | 208,900 | ||
377,444 | ||||
Food Products – 0.7% | ||||
1,980 | Campbell Soup Co. | 88,249 | ||
855 | JM Smucker (The) Co. | 115,775 | ||
5,179 | Nomad Foods Ltd. (a) | 116,942 | ||
320,966 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Health Care Equipment & Supplies – 4.4% | ||||
1,433 | Abbott Laboratories | $169,610 | ||
327 | ABIOMED, Inc. (a) | 108,315 | ||
162 | Align Technology, Inc. (a) | 70,632 | ||
1,467 | Baxter International, Inc. | 113,751 | ||
430 | Becton Dickinson and Co. | 114,380 | ||
2,615 | Boston Scientific Corp. (a) | 115,818 | ||
252 | Cooper (The) Cos., Inc. | 105,233 | ||
1,935 | DENTSPLY SIRONA, Inc. | 95,241 | ||
220 | DexCom, Inc. (a) | 112,552 | ||
952 | Edwards Lifesciences Corp. (a) | 112,069 | ||
1,413 | Hologic, Inc. (a) | 108,547 | ||
165 | IDEXX Laboratories, Inc. (a) | 90,265 | ||
334 | Intuitive Surgical, Inc. (a) | 100,761 | ||
1,149 | Medtronic PLC | 127,482 | ||
393 | ResMed, Inc. | 95,306 | ||
518 | STERIS PLC | 125,237 | ||
428 | Stryker Corp. | 114,426 | ||
303 | Teleflex, Inc. | 107,513 | ||
794 | Zimmer Biomet Holdings, Inc. | 101,553 | ||
79 | Zimvie, Inc. (a) | 1,804 | ||
2,090,495 | ||||
Health Care Providers & Services – 4.5% | ||||
961 | AmerisourceBergen Corp. | 148,676 | ||
2,187 | Cardinal Health, Inc. (b) | 124,003 | ||
552 | Cigna Corp. | 132,265 | ||
9,254 | Community Health Systems, Inc. (a) | 109,845 | ||
1,299 | CVS Health Corp. (b) | 131,472 | ||
829 | DaVita, Inc. (a) (b) | 93,768 | ||
446 | HCA Healthcare, Inc. | 111,777 | ||
1,521 | Henry Schein, Inc. (a) | 132,616 | ||
276 | Humana, Inc. | 120,107 | ||
378 | Laboratory Corp of America Holdings (a) | 99,663 | ||
548 | McKesson Corp. | 167,759 | ||
749 | Quest Diagnostics, Inc. | 102,508 | ||
1,099 | UnitedHealth Group, Inc. | 560,457 | ||
748 | Universal Health Services, Inc., Class B | 108,423 | ||
2,143,339 | ||||
Health Care Technology – 0.7% | ||||
10,021 | Allscripts Healthcare Solutions, Inc. (a) | 225,673 | ||
21,793 | Multiplan Corp. (a) | 101,991 | ||
327,664 | ||||
Hotels, Restaurants & Leisure – 0.3% | ||||
800 | Expedia Group, Inc. (a) | 156,536 | ||
Household Durables – 0.2% | ||||
4,127 | Taylor Morrison Home Corp. (a) | 112,337 | ||
Household Products – 0.3% | ||||
4,714 | Energizer Holdings, Inc. | 145,003 | ||
Independent Power & Renewable Electricity Producers – 0.5% | ||||
9,511 | Vistra Energy Corp. | 221,131 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Insurance – 0.4% | ||||
2,520 | Axis Capital Holdings Ltd. | $152,385 | ||
2,388 | MBIA, Inc. (a) | 36,751 | ||
189,136 | ||||
Interactive Media & Services – 5.4% | ||||
352 | Alphabet, Inc., Class A (a) | 979,035 | ||
352 | Alphabet, Inc., Class C (a) | 983,133 | ||
2,692 | Meta Platforms, Inc., Class A (a) (b) | 598,593 | ||
2,560,761 | ||||
Internet & Direct Marketing Retail – 3.2% | ||||
464 | Amazon.com, Inc. (a) (b) | 1,512,617 | ||
IT Services – 0.9% | ||||
1,941 | DXC Technology Co. (a) | 63,335 | ||
805 | International Business Machines Corp. | 104,666 | ||
1,190 | Visa, Inc., Class A | 263,906 | ||
431,907 | ||||
Leisure Products – 0.3% | ||||
9,931 | Smith & Wesson Brands, Inc. | 150,256 | ||
Life Sciences Tools & Services – 2.4% | ||||
650 | Agilent Technologies, Inc. | 86,014 | ||
145 | Bio-Rad Laboratories, Inc., Class A (a) | 81,668 | ||
269 | Charles River Laboratories International, Inc. (a) | 76,388 | ||
486 | Danaher Corp. | 142,558 | ||
234 | Illumina, Inc. (a) | 81,760 | ||
433 | IQVIA Holdings, Inc. (a) | 100,114 | ||
71 | Mettler-Toledo International, Inc. (a) | 97,496 | ||
608 | PerkinElmer, Inc. | 106,072 | ||
307 | Thermo Fisher Scientific, Inc. (b) | 181,330 | ||
281 | Waters Corp. (a) | 87,220 | ||
247 | West Pharmaceutical Services, Inc. | 101,445 | ||
1,142,065 | ||||
Machinery – 0.2% | ||||
4,203 | Kennametal, Inc. | 120,248 | ||
Media – 1.2% | ||||
3,925 | AMC Networks, Inc., Class A (a) | 159,473 | ||
2,288 | Nexstar Media Group, Inc., Class A (b) | 431,242 | ||
590,715 | ||||
Metals & Mining – 5.8% | ||||
2,738 | Alcoa Corp. | 246,502 | ||
6,963 | AngloGold Ashanti Ltd., ADR | 164,954 | ||
5,736 | Barrick Gold Corp. | 140,704 | ||
18,356 | Cia de Minas Buenaventura SAA, ADR (a) | 184,845 | ||
13,446 | Eldorado Gold Corp. (a) | 150,730 | ||
9,277 | First Majestic Silver Corp. | 122,085 | ||
773 | Franco-Nevada Corp. | 123,309 | ||
3,364 | Freeport-McMoRan, Inc. | 167,325 | ||
19,712 | Kinross Gold Corp. (b) | 115,907 | ||
6,425 | MAG Silver Corp. (a) | 103,892 | ||
1,966 | Newmont Corp. | 156,199 | ||
908 | Nucor Corp. | 134,974 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Metals & Mining (Continued) | ||||
4,467 | Pan American Silver Corp. | $121,949 | ||
745 | Reliance Steel & Aluminum Co. | 136,596 | ||
1,009 | Royal Gold, Inc. | 142,552 | ||
18,018 | Sandstorm Gold Ltd. | 145,585 | ||
12,441 | SilverCrest Metals, Inc. (a) | 110,849 | ||
6,892 | SSR Mining, Inc. | 149,901 | ||
2,522 | Wheaton Precious Metals Corp. | 119,997 | ||
2,738,855 | ||||
Oil, Gas & Consumable Fuels – 12.6% | ||||
9,920 | Antero Resources Corp. (a) | 302,858 | ||
7,397 | APA Corp. | 305,718 | ||
1,700 | Chevron Corp. | 276,811 | ||
10,957 | CNX Resources Corp. (a) | 227,029 | ||
2,131 | ConocoPhillips | 213,100 | ||
10,180 | CVR Energy, Inc. | 259,997 | ||
8,679 | Delek US Holdings, Inc. (a) | 184,168 | ||
14,336 | DHT Holdings, Inc. | 83,149 | ||
1,639 | Diamondback Energy, Inc. | 224,674 | ||
1,789 | EOG Resources, Inc. | 213,302 | ||
3,018 | Exxon Mobil Corp. | 249,257 | ||
3,319 | Green Plains, Inc. (a) | 102,922 | ||
4,223 | HF Sinclair Corp. (a) | 168,287 | ||
8,519 | Magnolia Oil & Gas Corp., Class A | 201,474 | ||
10,681 | Marathon Oil Corp. | 268,200 | ||
2,070 | Marathon Petroleum Corp. | 176,985 | ||
5,871 | Murphy Oil Corp. | 237,130 | ||
5,307 | Occidental Petroleum Corp. (b) | 301,119 | ||
4,663 | Ovintiv, Inc. | 252,128 | ||
15,425 | PBF Energy, Inc., Class A (a) | 375,907 | ||
3,236 | PDC Energy, Inc. | 235,192 | ||
1,799 | Phillips 66 | 155,416 | ||
793 | Pioneer Natural Resources Co. | 198,274 | ||
9,405 | Range Resources Corp. (a) | 285,724 | ||
9,070 | Scorpio Tankers, Inc. | 193,917 | ||
6,328 | SFL Corp., Ltd. | 64,419 | ||
2,025 | Valero Energy Corp. | 205,619 | ||
5,962,776 | ||||
Pharmaceuticals – 3.7% | ||||
2,002 | Bristol-Myers Squibb Co. | 146,206 | ||
920 | Catalent, Inc. (a) | 102,028 | ||
619 | Eli Lilly & Co. | 177,263 | ||
3,140 | Johnson & Johnson (b) | 556,502 | ||
2,122 | Merck & Co., Inc. | 174,110 | ||
2,820 | Perrigo Co. PLC | 108,373 | ||
5,595 | Pfizer, Inc. | 289,653 | ||
8,146 | Viatris, Inc. | 88,629 | ||
534 | Zoetis, Inc. | 100,707 | ||
1,743,471 | ||||
Road & Rail – 1.3% | ||||
1,171 | Avis Budget Group, Inc. (a) | 308,324 | ||
4,063 | Ryder System, Inc. | 322,318 | ||
630,642 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Semiconductors & Semiconductor Equipment – 1.7% | ||||
604 | Enphase Energy, Inc. (a) | $121,875 | ||
1,783 | Magnachip Semiconductor Corp. (a) | 30,151 | ||
2,469 | NVIDIA Corp. (b) | 673,691 | ||
825,717 | ||||
Software – 5.7% | ||||
8,451 | Microsoft Corp. (b) | 2,605,528 | ||
445 | salesforce.com, Inc. (a) | 94,482 | ||
2,700,010 | ||||
Specialty Retail – 2.0% | ||||
8,956 | Academy Sports & Outdoors, Inc. (b) | 352,866 | ||
72 | AutoZone, Inc. (a) | 147,210 | ||
3,923 | Bed Bath & Beyond, Inc. (a) | 88,385 | ||
2,094 | Conn’s, Inc. (a) | 32,269 | ||
1,298 | Group 1 Automotive, Inc. | 217,843 | ||
188 | O’Reilly Automotive, Inc. (a) | 128,773 | ||
967,346 | ||||
Technology Hardware, Storage & Peripherals – 6.6% | ||||
17,813 | Apple, Inc. (b) | 3,110,328 | ||
Thrifts & Mortgage Finance – 0.2% | ||||
2,683 | Capitol Federal Financial, Inc. | 29,191 | ||
1,930 | Kearny Financial Corp. | 24,858 | ||
892 | Mr Cooper Group, Inc. (a) | 40,738 | ||
94,787 | ||||
Total Common Stocks | 45,025,549 | |||
(Cost $36,992,473) | ||||
REAL ESTATE INVESTMENT TRUSTS – 1.8% | ||||
Equity Real Estate Investment Trusts – 0.8% | ||||
3,149 | SL Green Realty Corp. | 255,636 | ||
3,289 | Weyerhaeuser Co. | 124,653 | ||
380,289 | ||||
Mortgage Real Estate Investment Trusts – 1.0% | ||||
3,548 | BrightSpire Capital, Inc. | 32,819 | ||
3,523 | Ladder Capital Corp. | 41,818 | ||
35,925 | New Residential Investment Corp. (b) | 394,456 | ||
469,093 | ||||
Total Real Estate Investment Trusts | 849,382 | |||
(Cost $780,338) | ||||
Units | Description | Value | ||
MASTER LIMITED PARTNERSHIPS – 1.0% | ||||
Independent Power & Renewable Electricity Producers – 0.4% | ||||
2,143 | NextEra Energy Partners, L.P. (c) | 178,641 | ||
Oil, Gas & Consumable Fuels – 0.6% | ||||
11,593 | Black Stone Minerals, L.P. | 156,042 |
Units | Description | Value | ||
MASTER LIMITED PARTNERSHIPS (Continued) | ||||
Oil, Gas & Consumable Fuels (Continued) | ||||
3,035 | Sunoco, L.P. | $123,949 | ||
279,991 | ||||
Total Master Limited Partnerships | 458,632 | |||
(Cost $367,502) | ||||
Total Investments – 97.7% | 46,333,563 | |||
(Cost $38,140,313) |
Number of Contracts | Description | Notional Amount | Exercise Price | Expiration Date | Value | |||||
CALL OPTIONS WRITTEN – (1.8)% | ||||||||||
(7) | S&P 500® Index | $(3,171,287) | $4,275.00 | 04/01/22 | (198,716) | |||||
(2) | S&P 500® Index | (906,082) | 4,400.00 | 04/01/22 | (31,220) | |||||
(13) | S&P 500® Index | (5,889,533) | 4,575.00 | 04/01/22 | (50,245) | |||||
(11) | S&P 500® Index | (4,983,451) | 4,650.00 | 04/01/22 | (15,290) | |||||
(9) | S&P 500® Index | (4,077,369) | 4,400.00 | 05/01/22 | (195,921) | |||||
(8) | S&P 500® Index | (3,624,328) | 4,450.00 | 05/01/22 | (146,320) | |||||
(15) | S&P 500® Index | (6,795,615) | 4,600.00 | 05/01/22 | (129,300) | |||||
(11) | S&P 500® Index | (4,983,451) | 4,650.00 | 06/01/22 | (101,387) | |||||
Total Call Options Written | (868,399) | |||||||||
(Premiums received $818,403) |
Net Other Assets and Liabilities – 4.1% | 1,968,747 | ||
Net Assets – 100.0% | $47,433,911 |
(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. |
ADR | American Depositary Receipt |
ASSETS TABLE | ||||
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 45,025,549 | $ 45,025,549 | $ — | $ — |
Real Estate Investment Trusts* | 849,382 | 849,382 | — | — |
Master Limited Partnerships* | 458,632 | 458,632 | — | — |
Total Investments | $ 46,333,563 | $ 46,333,563 | $— | $— |
LIABILITIES TABLE | ||||
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Call Options Written | $ (868,399) | $ (722,079) | $ (146,320) | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 94.1% | ||||
Aerospace & Defense – 1.0% | ||||
471 | AAR Corp. (a) | $22,810 | ||
2,032 | Maxar Technologies, Inc. | 80,183 | ||
417 | Raytheon Technologies Corp. | 41,312 | ||
144,305 | ||||
Automobiles – 2.0% | ||||
271 | Tesla, Inc. (a) (b) | 292,030 | ||
Banks – 10.8% | ||||
713 | Ameris Bancorp | 31,286 | ||
2,428 | Associated Banc-Corp. | 55,261 | ||
261 | BOK Financial Corp. | 24,521 | ||
1,798 | Cadence Bank | 52,609 | ||
623 | First Financial Bancorp | 14,360 | ||
1,339 | FNB Corp. | 16,671 | ||
780 | Hilltop Holdings, Inc. | 22,932 | ||
7,024 | Huntington Bancshares, Inc. (b) | 102,691 | ||
3,006 | Investors Bancorp, Inc. | 44,880 | ||
1,193 | JPMorgan Chase & Co. (b) | 162,630 | ||
263 | Meta Financial Group, Inc. | 14,444 | ||
212 | NBT Bancorp, Inc. | 7,660 | ||
602 | PacWest Bancorp | 25,964 | ||
1,766 | PNC Financial Services Group (The), Inc. (b) | 325,739 | ||
638 | Prosperity Bancshares, Inc. (b) | 44,264 | ||
6,451 | Regions Financial Corp. (b) | 143,599 | ||
817 | Synovus Financial Corp. | 40,033 | ||
961 | United Bankshares, Inc. | 33,520 | ||
1,136 | Webster Financial Corp. | 63,752 | ||
7,165 | Wells Fargo & Co. (b) | 347,216 | ||
536 | WesBanco, Inc. | 18,417 | ||
1,592,449 | ||||
Beverages – 0.3% | ||||
622 | Coca-Cola (The) Co. | 38,564 | ||
Biotechnology – 2.2% | ||||
633 | AbbVie, Inc. | 102,616 | ||
168 | Amgen, Inc. | 40,626 | ||
101 | Biogen, Inc. (a) | 21,271 | ||
458 | Gilead Sciences, Inc. | 27,228 | ||
466 | Incyte Corp. (a) | 37,010 | ||
75 | Moderna, Inc. (a) | 12,919 | ||
51 | Regeneron Pharmaceuticals, Inc. (a) | 35,619 | ||
180 | Vertex Pharmaceuticals, Inc. (a) | 46,974 | ||
324,263 | ||||
Chemicals – 4.3% | ||||
146 | Albemarle Corp. | 32,288 | ||
758 | CF Industries Holdings, Inc. | 78,120 | ||
1,082 | Chemours (The) Co. | 34,061 | ||
834 | Corteva, Inc. | 47,938 | ||
575 | Dow, Inc. | 36,639 | ||
443 | DuPont de Nemours, Inc. | 32,596 | ||
314 | Eastman Chemical Co. | 35,187 | ||
153 | Ecolab, Inc. | 27,014 | ||
777 | Ecovyst, Inc. | 8,982 | ||
1,493 | Element Solutions, Inc. | 32,697 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Chemicals (Continued) | ||||
379 | FMC Corp. | $49,865 | ||
432 | Ingevity Corp. (a) | 27,678 | ||
351 | LyondellBasell Industries N.V., Class A | 36,090 | ||
210 | PPG Industries, Inc. | 27,525 | ||
403 | RPM International, Inc. | 32,820 | ||
1,141 | Valvoline, Inc. | 36,010 | ||
418 | Westlake Corp. | 51,581 | ||
627,091 | ||||
Commercial Services & Supplies – 0.3% | ||||
511 | Interface, Inc. | 6,934 | ||
546 | Stericycle, Inc. (a) | 32,171 | ||
39,105 | ||||
Construction & Engineering – 0.8% | ||||
1,493 | AECOM (b) | 114,677 | ||
Consumer Finance – 1.1% | ||||
1,546 | Ally Financial, Inc. | 67,220 | ||
273 | Capital One Financial Corp. | 35,842 | ||
107 | Nelnet, Inc., Class A | 9,094 | ||
1,392 | Synchrony Financial | 48,456 | ||
160,612 | ||||
Containers & Packaging – 0.3% | ||||
2,885 | O-I Glass, Inc. (a) | 38,024 | ||
Diversified Consumer Services – 1.0% | ||||
3,561 | H&R Block, Inc. | 92,728 | ||
1,369 | Terminix Global Holdings, Inc. (a) | 62,468 | ||
155,196 | ||||
Diversified Financial Services – 1.7% | ||||
728 | Berkshire Hathaway, Inc., Class B (a) (b) | 256,918 | ||
Diversified Telecommunication Services – 0.2% | ||||
1,484 | AT&T, Inc. | 35,067 | ||
Electrical Equipment – 0.2% | ||||
3,421 | GrafTech International Ltd. | 32,910 | ||
Electronic Equipment, Instruments & Components – 0.2% | ||||
2,107 | TTM Technologies, Inc. (a) | 31,226 | ||
Energy Equipment & Services – 0.9% | ||||
17,028 | TechnipFMC PLC (a) (b) | 131,967 | ||
Food & Staples Retailing – 0.8% | ||||
1,551 | Albertsons Cos., Inc., Class A | 51,571 | ||
1,538 | United Natural Foods, Inc. (a) (b) | 63,596 | ||
115,167 | ||||
Food Products – 0.7% | ||||
608 | Campbell Soup Co. | 27,099 | ||
261 | JM Smucker (The) Co. | 35,342 | ||
1,588 | Nomad Foods Ltd. (a) | 35,857 | ||
98,298 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Health Care Equipment & Supplies – 4.3% | ||||
440 | Abbott Laboratories | $52,078 | ||
101 | ABIOMED, Inc. (a) | 33,455 | ||
50 | Align Technology, Inc. (a) | 21,800 | ||
446 | Baxter International, Inc. | 34,583 | ||
131 | Becton Dickinson and Co. | 34,846 | ||
797 | Boston Scientific Corp. (a) | 35,299 | ||
77 | Cooper (The) Cos., Inc. | 32,154 | ||
589 | DENTSPLY SIRONA, Inc. | 28,991 | ||
66 | DexCom, Inc. (a) | 33,766 | ||
290 | Edwards Lifesciences Corp. (a) | 34,139 | ||
431 | Hologic, Inc. (a) | 33,109 | ||
51 | IDEXX Laboratories, Inc. (a) | 27,900 | ||
103 | Intuitive Surgical, Inc. (a) | 31,073 | ||
352 | Medtronic PLC | 39,054 | ||
119 | ResMed, Inc. | 28,859 | ||
158 | STERIS PLC | 38,200 | ||
130 | Stryker Corp. | 34,756 | ||
92 | Teleflex, Inc. | 32,644 | ||
244 | Zimmer Biomet Holdings, Inc. | 31,208 | ||
24 | Zimvie, Inc. (a) | 548 | ||
638,462 | ||||
Health Care Providers & Services – 4.5% | ||||
296 | AmerisourceBergen Corp. | 45,794 | ||
667 | Cardinal Health, Inc. (b) | 37,819 | ||
169 | Cigna Corp. | 40,494 | ||
2,833 | Community Health Systems, Inc. (a) | 33,628 | ||
394 | CVS Health Corp. | 39,877 | ||
251 | DaVita, Inc. (a) | 28,391 | ||
134 | HCA Healthcare, Inc. | 33,583 | ||
467 | Henry Schein, Inc. (a) | 40,718 | ||
82 | Humana, Inc. | 35,684 | ||
116 | Laboratory Corp of America Holdings (a) | 30,584 | ||
168 | McKesson Corp. | 51,430 | ||
231 | Quest Diagnostics, Inc. | 31,615 | ||
360 | UnitedHealth Group, Inc. | 183,589 | ||
231 | Universal Health Services, Inc., Class B (b) | 33,483 | ||
666,689 | ||||
Health Care Technology – 0.7% | ||||
3,066 | Allscripts Healthcare Solutions, Inc. (a) | 69,046 | ||
6,660 | Multiplan Corp. (a) | 31,169 | ||
100,215 | ||||
Hotels, Restaurants & Leisure – 0.3% | ||||
245 | Expedia Group, Inc. (a) | 47,939 | ||
Household Durables – 0.2% | ||||
1,262 | Taylor Morrison Home Corp. (a) | 34,352 | ||
Household Products – 0.3% | ||||
1,443 | Energizer Holdings, Inc. | 44,387 | ||
Independent Power & Renewable Electricity Producers – 0.5% | ||||
2,910 | Vistra Corp. | 67,657 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Insurance – 0.4% | ||||
770 | Axis Capital Holdings Ltd. | $46,562 | ||
729 | MBIA, Inc. (a) | 11,219 | ||
57,781 | ||||
Interactive Media & Services – 5.7% | ||||
115 | Alphabet, Inc., Class A (a) (b) | 319,855 | ||
115 | Alphabet, Inc., Class C (a) (b) | 321,194 | ||
874 | Meta Platforms, Inc., Class A (a) (b) | 194,343 | ||
835,392 | ||||
Internet & Direct Marketing Retail – 3.3% | ||||
148 | Amazon.com, Inc. (a) (b) | 482,473 | ||
IT Services – 0.9% | ||||
595 | DXC Technology Co. (a) | 19,415 | ||
247 | International Business Machines Corp. | 32,115 | ||
380 | Visa, Inc., Class A (b) | 84,272 | ||
135,802 | ||||
Leisure Products – 0.3% | ||||
3,044 | Smith & Wesson Brands, Inc. | 46,056 | ||
Life Sciences Tools & Services – 2.4% | ||||
198 | Agilent Technologies, Inc. | 26,201 | ||
42 | Bio-Rad Laboratories, Inc., Class A (a) | 23,656 | ||
81 | Charles River Laboratories International, Inc. (a) | 23,002 | ||
147 | Danaher Corp. | 43,120 | ||
69 | Illumina, Inc. (a) | 24,109 | ||
132 | IQVIA Holdings, Inc. (a) | 30,520 | ||
23 | Mettler-Toledo International, Inc. (a) | 31,583 | ||
185 | PerkinElmer, Inc. | 32,275 | ||
93 | Thermo Fisher Scientific, Inc. | 54,930 | ||
88 | Waters Corp. (a) | 27,314 | ||
76 | West Pharmaceutical Services, Inc. | 31,214 | ||
347,924 | ||||
Machinery – 0.2% | ||||
1,286 | Kennametal, Inc. | 36,792 | ||
Media – 1.4% | ||||
1,549 | Altice USA, Inc., Class A (a) | 19,331 | ||
1,200 | AMC Networks, Inc., Class A (a) | 48,756 | ||
700 | Nexstar Media Group, Inc., Class A (b) | 131,936 | ||
200,023 | ||||
Metals & Mining – 5.7% | ||||
835 | Alcoa Corp. | 75,175 | ||
2,132 | AngloGold Ashanti Ltd., ADR | 50,507 | ||
1,755 | Barrick Gold Corp. | 43,050 | ||
5,618 | Cia de Minas Buenaventura SAA, ADR (a) | 56,573 | ||
4,112 | Eldorado Gold Corp. (a) | 46,096 | ||
2,838 | First Majestic Silver Corp. | 37,348 | ||
236 | Franco-Nevada Corp. | 37,647 | ||
1,028 | Freeport-McMoRan, Inc. | 51,133 | ||
6,023 | Kinross Gold Corp. | 35,415 | ||
1,964 | MAG Silver Corp. (a) | 31,758 | ||
601 | Newmont Corp. | 47,749 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Metals & Mining (Continued) | ||||
276 | Nucor Corp. | $41,027 | ||
1,366 | Pan American Silver Corp. | 37,292 | ||
225 | Reliance Steel & Aluminum Co. | 41,254 | ||
310 | Royal Gold, Inc. | 43,797 | ||
5,516 | Sandstorm Gold Ltd. | 44,569 | ||
3,809 | SilverCrest Metals, Inc. (a) | 33,938 | ||
2,109 | SSR Mining, Inc. | 45,871 | ||
770 | Wheaton Precious Metals Corp. | 36,637 | ||
836,836 | ||||
Oil, Gas & Consumable Fuels – 12.4% | ||||
3,033 | Antero Resources Corp. (a) | 92,598 | ||
2,265 | APA Corp. | 93,613 | ||
545 | Chevron Corp. | 88,742 | ||
3,357 | CNX Resources Corp. (a) | 69,557 | ||
652 | ConocoPhillips | 65,200 | ||
3,119 | CVR Energy, Inc. | 79,659 | ||
2,653 | Delek US Holdings, Inc. (a) | 56,297 | ||
4,391 | DHT Holdings, Inc. | 25,468 | ||
504 | Diamondback Energy, Inc. | 69,088 | ||
547 | EOG Resources, Inc. | 65,219 | ||
965 | Exxon Mobil Corp. | 79,699 | ||
1,016 | Green Plains, Inc. (a) | 31,506 | ||
1,291 | HF Sinclair Corp. (a) | 51,446 | ||
2,603 | Magnolia Oil & Gas Corp., Class A | 61,561 | ||
3,267 | Marathon Oil Corp. | 82,034 | ||
634 | Marathon Petroleum Corp. | 54,207 | ||
1,794 | Murphy Oil Corp. | 72,460 | ||
1,624 | Occidental Petroleum Corp. | 92,146 | ||
1,428 | Ovintiv, Inc. | 77,212 | ||
4,723 | PBF Energy, Inc., Class A (a) | 115,100 | ||
990 | PDC Energy, Inc. | 71,953 | ||
549 | Phillips 66 | 47,428 | ||
244 | Pioneer Natural Resources Co. | 61,007 | ||
2,876 | Range Resources Corp. (a) | 87,373 | ||
2,779 | Scorpio Tankers, Inc. | 59,415 | ||
1,939 | SFL Corp., Ltd. | 19,739 | ||
621 | Valero Energy Corp. | 63,056 | ||
1,832,783 | ||||
Pharmaceuticals – 3.7% | ||||
612 | Bristol-Myers Squibb Co. | 44,694 | ||
283 | Catalent, Inc. (a) | 31,385 | ||
186 | Eli Lilly & Co. | 53,265 | ||
1,003 | Johnson & Johnson (b) | 177,762 | ||
650 | Merck & Co., Inc. | 53,332 | ||
862 | Perrigo Co. PLC | 33,127 | ||
1,795 | Pfizer, Inc. (b) | 92,927 | ||
2,495 | Viatris, Inc. | 27,146 | ||
160 | Zoetis, Inc. | 30,174 | ||
543,812 | ||||
Road & Rail – 1.3% | ||||
363 | Avis Budget Group, Inc. (a) | 95,578 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Road & Rail (Continued) | ||||
1,245 | Ryder System, Inc. | $98,766 | ||
194,344 | ||||
Semiconductors & Semiconductor Equipment – 1.8% | ||||
184 | Enphase Energy, Inc. (a) | 37,127 | ||
546 | Magnachip Semiconductor Corp. (a) | 9,233 | ||
803 | NVIDIA Corp. (b) | 219,107 | ||
265,467 | ||||
Software – 5.9% | ||||
2,746 | Microsoft Corp. (b) | 846,619 | ||
134 | salesforce.com, Inc. (a) | 28,451 | ||
875,070 | ||||
Specialty Retail – 2.0% | ||||
2,779 | Academy Sports & Outdoors, Inc. (b) | 109,493 | ||
23 | AutoZone, Inc. (a) | 47,025 | ||
1,199 | Bed Bath & Beyond, Inc. (a) | 27,013 | ||
639 | Conn’s, Inc. (a) | 9,847 | ||
393 | Group 1 Automotive, Inc. | 65,957 | ||
56 | O’Reilly Automotive, Inc. (a) | 38,358 | ||
297,693 | ||||
Technology Hardware, Storage & Peripherals – 6.9% | ||||
5,790 | Apple, Inc. (b) | 1,010,992 | ||
Thrifts & Mortgage Finance – 0.2% | ||||
820 | Capitol Federal Financial, Inc. | 8,922 | ||
589 | Kearny Financial Corp. | 7,586 | ||
273 | Mr Cooper Group, Inc. (a) | 12,468 | ||
28,976 | ||||
Total Common Stocks | 13,855,786 | |||
(Cost $12,397,304) | ||||
REAL ESTATE INVESTMENT TRUSTS – 1.8% | ||||
Equity Real Estate Investment Trusts – 0.8% | ||||
960 | SL Green Realty Corp. | 77,933 | ||
1,004 | Weyerhaeuser Co. | 38,051 | ||
115,984 | ||||
Mortgage Real Estate Investment Trusts – 1.0% | ||||
1,083 | BrightSpire Capital, Inc. | 10,018 | ||
1,079 | Ladder Capital Corp. | 12,808 | ||
11,131 | New Residential Investment Corp. (b) | 122,218 | ||
145,044 | ||||
Total Real Estate Investment Trusts | 261,028 | |||
(Cost $245,718) | ||||
Units | Description | Value | ||
MASTER LIMITED PARTNERSHIPS – 0.9% | ||||
Independent Power & Renewable Electricity Producers – 0.3% | ||||
653 | NextEra Energy Partners, L.P. (c) | 54,434 | ||
Oil, Gas & Consumable Fuels – 0.6% | ||||
3,549 | Black Stone Minerals, L.P. | 47,769 |
Units | Description | Value | ||
MASTER LIMITED PARTNERSHIPS (Continued) | ||||
Oil, Gas & Consumable Fuels (Continued) | ||||
927 | Sunoco, L.P. | $37,859 | ||
85,628 | ||||
Total Master Limited Partnerships | 140,062 | |||
(Cost $119,590) | ||||
Total Investments – 96.8% | 14,256,876 | |||
(Cost $12,762,612) |
Number of Contracts | Description | Notional Amount | Exercise Price | Expiration Date | Value | |||||
PUT OPTIONS PURCHASED – 0.6% | ||||||||||
4 | S&P 500® Index | $1,812,164 | $3,900.00 | 06/01/22 | 14,440 | |||||
3 | S&P 500® Index | 1,359,123 | 4,000.00 | 06/01/22 | 13,200 | |||||
4 | S&P 500® Index | 1,812,164 | 4,000.00 | 09/01/22 | 43,560 | |||||
2 | S&P 500® Index | 906,082 | 4,100.00 | 09/01/22 | 24,200 | |||||
Total Put Options Purchased | 95,400 | |||||||||
(Cost $204,599) | ||||||||||
WRITTEN OPTIONS – (2.0)% | ||||||||||
CALL OPTIONS WRITTEN – (1.8)% | ||||||||||
(2) | S&P 500® Index | (906,082) | 4,275.00 | 04/01/22 | (56,776) | |||||
(1) | S&P 500® Index | (453,041) | 4,400.00 | 04/01/22 | (15,610) | |||||
(4) | S&P 500® Index | (1,812,164) | 4,575.00 | 04/01/22 | (15,460) | |||||
(1) | S&P 500® Index | (453,041) | 4,650.00 | 04/01/22 | (1,390) | |||||
(3) | S&P 500® Index | (1,359,123) | 4,400.00 | 05/01/22 | (65,307) | |||||
(4) | S&P 500® Index | (1,812,164) | 4,450.00 | 05/01/22 | (73,160) | |||||
(2) | S&P 500® Index | (906,082) | 4,600.00 | 05/01/22 | (17,240) | |||||
(3) | S&P 500® Index | (1,359,123) | 4,650.00 | 06/01/22 | (27,651) | |||||
Total Call Options Written | (272,594) | |||||||||
(Premiums received $190,544) | ||||||||||
PUT OPTIONS WRITTEN – (0.2)% | ||||||||||
(4) | S&P 500® Index | (1,812,164) | 3,500.00 | 06/01/22 | (6,180) | |||||
(4) | S&P 500® Index | (1,812,164) | 3,500.00 | 09/01/22 | (20,440) | |||||
Total Put Options Written | (26,620) | |||||||||
(Premiums received $56,784) | ||||||||||
Total Written Options | (299,214) | |||||||||
(Premiums received $247,328) |
Net Other Assets and Liabilities – 4.6% | 669,988 | ||
Net Assets – 100.0% | $14,723,050 |
(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. |
ADR | American Depositary Receipt |
ASSETS TABLE | ||||
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 13,855,786 | $ 13,855,786 | $ — | $ — |
Real Estate Investment Trusts* | 261,028 | 261,028 | — | — |
Master Limited Partnerships* | 140,062 | 140,062 | — | — |
Total Investments | 14,256,876 | 14,256,876 | — | — |
Put Options Purchased | 95,400 | 95,400 | — | — |
Total | $ 14,352,276 | $ 14,352,276 | $— | $— |
LIABILITIES TABLE | ||||
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Call Options Written | $ (272,594) | $ (199,434) | $ (73,160) | $ — |
Put Options Written | (26,620) | (26,620) | — | — |
Total | $ (299,214) | $ (226,054) | $ (73,160) | $— |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 99.8% | ||||
Banks – 11.5% | ||||
4,596,989 | Bank of America Corp. | $189,487,887 | ||
4,004,296 | Citizens Financial Group, Inc. | 181,514,738 | ||
1,407,631 | JPMorgan Chase & Co. | 191,888,258 | ||
8,241,156 | KeyCorp | 184,437,071 | ||
8,593,019 | Regions Financial Corp. | 191,280,603 | ||
3,488,567 | US Bancorp | 185,417,336 | ||
1,124,025,893 | ||||
Capital Markets – 5.8% | ||||
571,026 | Goldman Sachs Group (The), Inc. | 188,495,683 | ||
6,027,176 | Jefferies Financial Group, Inc. | 197,992,731 | ||
2,079,825 | Morgan Stanley | 181,776,705 | ||
568,265,119 | ||||
Chemicals – 4.0% | ||||
3,531,087 | Corteva, Inc. | 202,966,881 | ||
5,001,435 | Huntsman Corp. | 187,603,827 | ||
390,570,708 | ||||
Communications Equipment – 2.0% | ||||
3,523,472 | Cisco Systems, Inc. | 196,468,799 | ||
Consumer Finance – 7.7% | ||||
1,034,028 | American Express Co. | 193,363,236 | ||
1,426,918 | Capital One Financial Corp. | 187,340,064 | ||
1,702,468 | Discover Financial Services | 187,594,949 | ||
5,246,402 | Synchrony Financial | 182,627,254 | ||
750,925,503 | ||||
Food Products – 2.2% | ||||
2,348,258 | Archer-Daniels-Midland Co. | 211,953,767 | ||
Health Care Providers & Services – 6.1% | ||||
412,573 | Anthem, Inc. | 202,664,109 | ||
447,612 | Humana, Inc. | 194,787,314 | ||
389,649 | UnitedHealth Group, Inc. | 198,709,301 | ||
596,160,724 | ||||
Household Durables – 1.8% | ||||
4,072,253 | PulteGroup, Inc. | 170,627,401 | ||
Insurance – 10.4% | ||||
3,132,853 | Aflac, Inc. | 201,724,405 | ||
1,477,224 | Allstate (The) Corp. | 204,610,296 | ||
1,541,348 | Cincinnati Financial Corp. | 209,561,674 | ||
3,949,797 | Fidelity National Financial, Inc. | 192,908,085 | ||
1,711,428 | Prudential Financial, Inc. | 202,239,447 | ||
1,011,043,907 | ||||
IT Services – 6.1% | ||||
2,150,172 | Cognizant Technology Solutions Corp., Class A | 192,805,923 | ||
563,333 | Mastercard, Inc., Class A | 201,323,947 |
Shares | Description | Value | ||
IT Services (Continued) | ||||
900,041 | Visa, Inc., Class A | $199,602,093 | ||
593,731,963 | ||||
Machinery – 4.0% | ||||
953,905 | Cummins, Inc. | 195,655,455 | ||
921,619 | Snap-on, Inc. | 189,374,272 | ||
385,029,727 | ||||
Media – 4.0% | ||||
5,472,017 | Interpublic Group of (The) Cos., Inc. | 193,983,003 | ||
2,341,628 | Omnicom Group, Inc. | 198,757,384 | ||
392,740,387 | ||||
Metals & Mining – 2.1% | ||||
4,101,510 | Freeport-McMoRan, Inc. | 204,009,107 | ||
Oil, Gas & Consumable Fuels – 4.2% | ||||
1,702,941 | EOG Resources, Inc. | 203,041,655 | ||
822,196 | Pioneer Natural Resources Co. | 205,573,666 | ||
408,615,321 | ||||
Paper & Forest Products – 1.7% | ||||
2,712,673 | Louisiana-Pacific Corp. | 168,511,247 | ||
Pharmaceuticals – 4.0% | ||||
1,127,970 | Johnson & Johnson | 199,910,123 | ||
3,617,822 | Pfizer, Inc. | 187,294,645 | ||
387,204,768 | ||||
Semiconductors & Semiconductor Equipment – 14.3% | ||||
1,459,319 | Applied Materials, Inc. | 192,338,244 | ||
4,156,139 | Intel Corp. | 205,978,249 | ||
540,249 | KLA Corp. | 197,763,549 | ||
362,097 | Lam Research Corp. | 194,666,968 | ||
745,483 | NVIDIA Corp. | 203,412,491 | ||
1,280,649 | QUALCOMM, Inc. | 195,708,780 | ||
1,094,980 | Texas Instruments, Inc. | 200,906,931 | ||
1,390,775,212 | ||||
Software – 2.1% | ||||
656,424 | Microsoft Corp. | 202,382,083 | ||
Specialty Retail – 3.6% | ||||
1,936,526 | Best Buy Co., Inc. | 176,030,213 | ||
1,201,204 | Williams-Sonoma, Inc. | 174,174,580 | ||
350,204,793 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Technology Hardware, Storage & Peripherals – 2.2% | ||||
1,202,618 | Apple, Inc. | $209,989,129 | ||
Total Investments – 99.8% | 9,713,235,558 | |||
(Cost $9,417,876,555) | ||||
Net Other Assets and Liabilities – 0.2% | 22,709,114 | |||
Net Assets – 100.0% | $9,735,944,672 |
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 9,713,235,558 | $ 9,713,235,558 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
EXCHANGE-TRADED FUNDS – 99.9% | ||||
Capital Markets (a) – 99.9% | ||||
10,293,179 | First Trust Consumer Discretionary AlphaDEX® Fund | $560,772,392 | ||
35,173,944 | First Trust Energy AlphaDEX® Fund | 560,320,928 | ||
10,025,432 | First Trust Industrials/Producer Durables AlphaDEX® Fund | 566,637,417 | ||
8,439,993 | First Trust Materials AlphaDEX® Fund | 604,556,698 | ||
20,954,117 | First Trust Nasdaq Oil & Gas ETF | 555,074,559 | ||
Total Investments – 99.9% | 2,847,361,994 | |||
(Cost $2,495,058,572) | ||||
Net Other Assets and Liabilities – 0.1% | 2,187,979 | |||
Net Assets – 100.0% | $2,849,549,973 |
(a) | Represents investments in affiliated funds. |
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Exchange-Traded Funds* | $ 2,847,361,994 | $ 2,847,361,994 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 99.9% | ||||
Banks – 9.2% | ||||
28,697 | 1st Source Corp. | $1,327,236 | ||
48,710 | Associated Banc-Corp. | 1,108,640 | ||
69,254 | First Commonwealth Financial Corp. | 1,049,891 | ||
42,071 | First Financial Bancorp | 969,736 | ||
46,092 | First Financial Corp. | 1,994,862 | ||
25,938 | First Merchants Corp. | 1,079,021 | ||
110,773 | FNB Corp. | 1,379,124 | ||
59,003 | Fulton Financial Corp. | 980,630 | ||
26,789 | German American Bancorp, Inc. | 1,017,714 | ||
27,013 | Heartland Financial USA, Inc. | 1,292,032 | ||
13,198 | Lakeland Financial Corp. | 963,454 | ||
28,705 | Mercantile Bank Corp. | 1,016,731 | ||
74,884 | Old National Bancorp | 1,226,600 | ||
7,972 | Park National Corp. | 1,047,361 | ||
49,709 | Peoples Bancorp, Inc. | 1,556,389 | ||
18,282 | QCR Holdings, Inc. | 1,034,578 | ||
10,866 | Wintrust Financial Corp. | 1,009,777 | ||
20,053,776 | ||||
Commercial Services & Supplies – 11.1% | ||||
207,556 | Aris Water Solution, Inc., Class A | 3,777,519 | ||
69,988 | Clean Harbors, Inc. (a) | 7,813,460 | ||
67,852 | Heritage-Crystal Clean, Inc. (a) | 2,009,098 | ||
218,296 | U.S. Ecology, Inc. (a) | 10,452,013 | ||
24,052,090 | ||||
Construction & Engineering – 40.5% | ||||
281,550 | APi Group Corp. (a) | 5,920,997 | ||
126,432 | Arcosa, Inc. | 7,238,232 | ||
98,965 | Argan, Inc. | 4,016,989 | ||
71,426 | Comfort Systems USA, Inc. | 6,357,628 | ||
217,438 | Construction Partners, Inc., Class A (a) | 5,692,527 | ||
45,792 | Dycom Industries, Inc. (a) | 4,362,146 | ||
55,170 | EMCOR Group, Inc. | 6,213,797 | ||
216,147 | Great Lakes Dredge & Dock Corp. (a) | 3,032,542 | ||
210,955 | Infrastructure and Energy Alternatives, Inc. (a) | 2,499,817 | ||
70,663 | MasTec, Inc. (a) | 6,154,747 | ||
68,421 | MYR Group, Inc. (a) | 6,434,311 | ||
52,391 | Northwest Pipe Co. (a) | 1,333,351 | ||
59,017 | NV5 Global, Inc. (a) | 7,866,966 | ||
244,874 | Primoris Services Corp. | 5,832,899 | ||
63,026 | Quanta Services, Inc. | 8,294,852 | ||
135,044 | Sterling Construction Co., Inc. (a) | 3,619,179 | ||
303,014 | Tutor Perini Corp. (a) | 3,272,551 | ||
88,143,531 |
Shares | Description | Value | ||
Electrical Equipment – 10.8% | ||||
154,345 | Array Technologies, Inc. (a) | $1,739,468 | ||
53,510 | Atkore International Group, Inc. (a) | 5,267,524 | ||
55,317 | Encore Wire Corp. | 6,310,010 | ||
383,000 | FTC Solar, Inc. (a) (b) | 1,888,190 | ||
33,438 | Hubbell, Inc. | 6,144,901 | ||
131,962 | Shoals Technologies Group, Inc., Class A (a) | 2,248,633 | ||
23,598,726 | ||||
Machinery – 28.3% | ||||
94,402 | Astec Industries, Inc. | 4,059,286 | ||
168,894 | Blue Bird Corp. (a) | 3,178,585 | ||
90,202 | Douglas Dynamics, Inc. | 3,120,087 | ||
173,729 | Evoqua Water Technologies Corp. (a) | 8,161,789 | ||
161,552 | Federal Signal Corp. | 5,452,380 | ||
93,109 | Mayville Engineering Co., Inc. (a) | 872,432 | ||
506,136 | Mueller Water Products, Inc., Class A | 6,539,277 | ||
53,460 | Oshkosh Corp. | 5,380,749 | ||
75,138 | Proto Labs, Inc. (a) | 3,974,800 | ||
33,149 | RBC Bearings, Inc. (a) | 6,426,928 | ||
108,045 | Shyft Group (The), Inc. | 3,901,505 | ||
122,308 | SPX Corp. (a) | 6,043,238 | ||
308,845 | Wabash National Corp. | 4,583,260 | ||
61,694,316 | ||||
Total Common Stocks | 217,542,439 | |||
(Cost $214,456,138) | ||||
MONEY MARKET FUNDS – 0.5% | ||||
1,163,050 | Goldman Sachs Financial Square Treasury Obligations Fund - Institutional Class - 0.20% (c) (d) | 1,163,050 | ||
(Cost $1,163,050) |
Principal Value | Description | Value | ||
REPURCHASE AGREEMENTS – 0.1% | ||||
$129,725 | BNP Paribas S.A., 0.24% (c), dated 3/31/22, due 4/1/22, with a maturity value of $129,726. Collateralized by U.S. Treasury Note, interest rate of 0.25%, due 9/30/25. The value of the collateral including accrued interest is $132,170. (d) | $129,725 | ||
(Cost $129,725) | ||||
Total Investments – 100.5% | 218,835,214 | |||
(Cost $215,748,913) | ||||
Net Other Assets and Liabilities – (0.5)% | (1,124,571) | |||
Net Assets – 100.0% | $217,710,643 |
(a) | Non-income producing security. |
(b) | All or a portion of this security is on loan (See Note 2G - Securities Lending in the Notes to Financial Statements). The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $1,247,783 and the total value of the collateral held by the Fund is $1,292,775. |
(c) | Rate shown reflects yield as of March 31, 2022. |
(d) | This security serves as collateral for securities on loan. |
Security Lending Agency Agreement | |
Total gross amount presented on the Statements of Assets and Liabilities (1) | $1,247,783 |
Non-cash Collateral (2) | (1,247,783) |
Net Amount | $— |
(1) | The amount presented on the Statements of Assets and Liabilities, which is included in “Investments, at value,” is not offset and is shown on a gross basis. |
(2) | At March 31, 2022, 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) | $129,725 |
Non-cash Collateral (4) | (129,725) |
Net Amount | $— |
(3) | The amount is included in “Investments, at value” on the Statements of Assets and Liabilities. |
(4) | At March 31, 2022, the value of the collateral received from each seller exceeded the value of the repurchase agreements. |
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 217,542,439 | $ 217,542,439 | $ — | $ — |
Money Market Funds | 1,163,050 | 1,163,050 | — | — |
Repurchase Agreements | 129,725 | — | 129,725 | — |
Total Investments | $ 218,835,214 | $ 218,705,489 | $ 129,725 | $— |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 61.8% | ||||
Banks – 16.1% | ||||
15,635 | Comerica, Inc. | $1,413,873 | ||
5,532 | Cullen/Frost Bankers, Inc. | 765,684 | ||
21,354 | Fifth Third Bancorp | 919,076 | ||
5,623 | JPMorgan Chase & Co. | 766,527 | ||
70,909 | KeyCorp | 1,586,944 | ||
7,311 | M&T Bank Corp. | 1,239,215 | ||
3,942 | PNC Financial Services Group (The), Inc. | 727,102 | ||
6,757 | Popular, Inc. | 552,317 | ||
59,617 | Regions Financial Corp. | 1,327,074 | ||
8,887 | SouthState Corp. | 725,090 | ||
21,500 | Synovus Financial Corp. | 1,053,500 | ||
11,841 | Zions Bancorp N.A. | 776,296 | ||
11,852,698 | ||||
Capital Markets – 3.1% | ||||
12,995 | Ares Management Corp., Class A | 1,055,584 | ||
13,776 | Morgan Stanley | 1,204,022 | ||
2,259,606 | ||||
Chemicals – 2.8% | ||||
44,534 | Chemours (The) Co. | 1,401,930 | ||
17,155 | Huntsman Corp. | 643,484 | ||
2,045,414 | ||||
Hotels, Restaurants & Leisure – 2.3% | ||||
12,885 | Darden Restaurants, Inc. | 1,713,061 | ||
Insurance – 8.4% | ||||
11,674 | American International Group, Inc. | 732,777 | ||
14,972 | Lincoln National Corp. | 978,570 | ||
27,142 | Principal Financial Group, Inc. | 1,992,494 | ||
20,821 | Prudential Financial, Inc. | 2,460,418 | ||
6,164,259 | ||||
IT Services – 1.0% | ||||
5,430 | Paychex, Inc. | 741,032 | ||
Media – 2.3% | ||||
48,286 | Interpublic Group of (The) Cos., Inc. | 1,711,739 | ||
Oil, Gas & Consumable Fuels – 18.0% | ||||
13,404 | Chesapeake Energy Corp. | 1,166,148 | ||
18,035 | EOG Resources, Inc. | 2,150,313 | ||
27,193 | Marathon Petroleum Corp. | 2,325,001 | ||
55,352 | ONEOK, Inc. | 3,909,512 | ||
111,881 | Williams (The) Cos., Inc. | 3,737,944 | ||
13,288,918 | ||||
Pharmaceuticals – 2.1% | ||||
30,715 | Pfizer, Inc. | �� | 1,590,116 |
Shares | Description | Value | ||
Semiconductors & Semiconductor Equipment – 1.7% | ||||
2,030 | Broadcom, Inc. | $1,278,250 | ||
Technology Hardware, Storage & Peripherals – 2.4% | ||||
31,196 | HP, Inc. | 1,132,415 | ||
7,785 | NetApp, Inc. | 646,155 | ||
1,778,570 | ||||
Trading Companies & Distributors – 1.6% | ||||
3,845 | Watsco, Inc. | 1,171,341 | ||
Total Common Stocks | 45,595,004 | |||
(Cost $42,988,348) | ||||
REAL ESTATE INVESTMENT TRUSTS – 37.8% | ||||
Equity Real Estate Investment Trusts – 37.8% | ||||
37,306 | American Campus Communities, Inc. | 2,088,017 | ||
2,613 | American Tower Corp. | 656,438 | ||
36,888 | Apartment Income REIT Corp. | 1,972,033 | ||
83,967 | Brixmor Property Group, Inc. | 2,167,188 | ||
38,246 | CubeSmart | 1,989,939 | ||
3,648 | EastGroup Properties, Inc. | 741,565 | ||
4,324 | Extra Space Storage, Inc. | 889,014 | ||
54,333 | Kimco Realty Corp. | 1,342,025 | ||
18,700 | Lamar Advertising Co., Class A | 2,172,566 | ||
11,695 | Life Storage, Inc. | 1,642,329 | ||
3,046 | Mid-America Apartment Communities, Inc. | 637,985 | ||
2,335 | Public Storage | 911,304 | ||
26,656 | Regency Centers Corp. | 1,901,639 | ||
15,188 | Simon Property Group, Inc. | 1,998,133 | ||
61,946 | Spirit Realty Capital, Inc. | 2,850,755 | ||
46,079 | STAG Industrial, Inc. | 1,905,367 | ||
20,913 | Welltower, Inc. | 2,010,576 | ||
Total Real Estate Investment Trusts | 27,876,873 | |||
(Cost $26,612,918) | ||||
Total Investments – 99.6% | 73,471,877 | |||
(Cost $69,601,266) | ||||
Net Other Assets and Liabilities – 0.4% | 277,383 | |||
Net Assets – 100.0% | $73,749,260 |
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 45,595,004 | $ 45,595,004 | $ — | $ — |
Real Estate Investment Trusts* | 27,876,873 | 27,876,873 | — | — |
Total Investments | $ 73,471,877 | $ 73,471,877 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
EXCHANGE-TRADED FUNDS – 100.0% | ||||
Capital Markets (a) – 100.0% | ||||
1,532,516 | First Trust Dow Jones Global Select Dividend Index Fund | $38,833,955 | ||
813,649 | First Trust India NIFTY 50 Equal Weight ETF | 36,858,300 | ||
2,059,119 | First Trust Latin America AlphaDEX® Fund | 42,726,719 | ||
613,006 | First Trust Switzerland AlphaDEX® Fund | 39,318,205 | ||
986,866 | First Trust United Kingdom AlphaDEX® Fund | 38,023,947 | ||
Total Investments – 100.0% | 195,761,126 | |||
(Cost $189,610,610) | ||||
Net Other Assets and Liabilities – (0.0)% | (89,815) | |||
Net Assets – 100.0% | $195,671,311 |
(a) | Represents investments in affiliated funds. |
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Exchange-Traded Funds* | $ 195,761,126 | $ 195,761,126 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
EXCHANGE-TRADED FUNDS – 99.9% | ||||
Capital Markets (a) – 99.9% | ||||
780,699 | First Trust Consumer Discretionary AlphaDEX® Fund | $42,532,482 | ||
2,667,814 | First Trust Energy AlphaDEX® Fund | 42,498,277 | ||
760,391 | First Trust Industrials/Producer Durables AlphaDEX® Fund | 42,977,299 | ||
640,142 | First Trust Materials AlphaDEX® Fund | 45,853,371 | ||
1,589,292 | First Trust Nasdaq Oil & Gas ETF | 42,100,345 | ||
Total Investments – 99.9% | 215,961,774 | |||
(Cost $187,812,524) | ||||
Net Other Assets and Liabilities – 0.1% | 215,160 | |||
Net Assets – 100.0% | $216,176,934 |
(a) | Represents investments in affiliated funds. |
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Exchange-Traded Funds* | $ 215,961,774 | $ 215,961,774 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 99.7% | ||||
Aerospace & Defense – 2.4% | ||||
10,275 | Airbus SE (a) (b) | $1,239,869 | ||
6,333 | Boeing (The) Co. (b) | 1,212,769 | ||
2,542 | Lockheed Martin Corp. | 1,122,039 | ||
3,574,677 | ||||
Automobiles – 3.4% | ||||
14,241 | Bayerische Motoren Werke AG (a) | 1,230,673 | ||
69,183 | Ford Motor Co. | 1,169,884 | ||
17,352 | Mercedes-Benz Group AG (a) | 1,217,929 | ||
1,348 | Tesla, Inc. (b) | 1,452,605 | ||
5,071,091 | ||||
Banks – 24.3% | ||||
59,569 | Australia & New Zealand Banking Group Ltd. (a) | 1,220,629 | ||
124,047 | Axis Bank Ltd. (a) (b) | 1,234,998 | ||
205,415 | Banco Bilbao Vizcaya Argentaria S.A. (a) | 1,172,905 | ||
359,387 | Banco Santander S.A. (a) | 1,221,891 | ||
27,779 | Bank of America Corp. | 1,145,050 | ||
2,985,548 | Bank of China Ltd., Class H (a) | 1,191,400 | ||
1,709,627 | Bank of Communications Co., Ltd., Class H (a) | 1,223,951 | ||
545,405 | Barclays PLC (a) | 1,057,255 | ||
20,779 | BNP Paribas S.A. (a) | 1,187,409 | ||
314,882 | BOC Hong Kong Holdings Ltd. (a) | 1,184,834 | ||
3,994,599 | China CITIC Bank Corp., Ltd., Class H (a) | 2,015,765 | ||
146,649 | China Merchants Bank Co., Ltd., Class H (a) | 1,141,578 | ||
20,586 | Citigroup, Inc. | 1,099,292 | ||
46,700 | DBS Group Holdings Ltd. (a) | 1,223,644 | ||
187,768 | First Abu Dhabi Bank PJSC (a) | 1,204,879 | ||
19,706 | HDFC Bank, Ltd., ADR | 1,208,569 | ||
180,976 | HSBC Holdings PLC (a) | 1,236,169 | ||
104,377 | ICICI Bank, Ltd., ADR | 1,976,900 | ||
3,155,510 | Industrial & Commercial Bank of China Ltd., Class H (a) | 1,934,493 | ||
114,233 | ING Groep N.V., ADR | 1,191,450 | ||
8,568 | JPMorgan Chase & Co. | 1,167,990 | ||
17,129 | KBC Group N.V. (a) | 1,228,992 | ||
49,139 | Kotak Mahindra Bank Ltd. (a) | 1,128,558 | ||
486,966 | Lloyds Banking Group PLC, ADR | 1,173,588 | ||
183,937 | Nordea Bank Abp (a) | 1,893,214 | ||
1,407,719 | Postal Savings Bank of China Co., Ltd., Class H (a) (c) (d) | 1,133,562 | ||
10,442 | Royal Bank of Canada | 1,149,652 | ||
111,832 | Sberbank of Russia PJSC, ADR (a) (e) (f) | 1,388 | ||
67,775 | Westpac Banking Corp. (a) | 1,224,462 | ||
36,174,467 |
Shares | Description | Value | ||
Capital Markets – 6.5% | ||||
22,595 | Bank of New York Mellon (The) Corp. | $1,121,390 | ||
4,956 | CME Group, Inc. | 1,178,834 | ||
7,118 | Deutsche Boerse AG (a) | 1,281,317 | ||
3,425 | Goldman Sachs Group (The), Inc. | 1,130,593 | ||
11,762 | London Stock Exchange Group PLC (a) | 1,226,549 | ||
957 | Partners Group Holding AG (a) | 1,184,960 | ||
2,952 | S&P Global, Inc. | 1,210,851 | ||
67,753 | UBS Group AG (a) | 1,323,982 | ||
9,658,476 | ||||
Communications Equipment – 3.0% | ||||
20,650 | Cisco Systems, Inc. | 1,151,444 | ||
232,940 | Nokia Oyj, ADR | 1,271,853 | ||
218,897 | Telefonaktiebolaget LM Ericsson, Class B (a) (g) | 1,995,365 | ||
4,418,662 | ||||
Diversified Telecommunication Services – 5.9% | ||||
79,487 | AT&T, Inc. | 1,878,278 | ||
105,920 | Deutsche Telekom AG (a) | 1,972,668 | ||
194,332 | Emirates Telecommunications Group Co., PJSC (a) | 1,956,967 | ||
3,090 | Swisscom AG (a) | 1,856,492 | ||
21,224 | Verizon Communications, Inc. | 1,081,150 | ||
8,745,555 | ||||
Electric Utilities – 1.6% | ||||
106,032 | Iberdrola S.A. (a) (b) | 1,158,928 | ||
11,305 | Verbund AG (a) | 1,193,856 | ||
2,352,784 | ||||
Electronic Equipment, Instruments & Components – 0.9% | ||||
2,759 | Samsung SDI Co., Ltd. (a) | 1,342,777 | ||
Food & Staples Retailing – 1.6% | ||||
19,789 | Kroger (The) Co. | 1,135,295 | ||
7,921 | Walmart, Inc. | 1,179,595 | ||
2,314,890 | ||||
Household Durables – 0.8% | ||||
11,277 | Sony Corp., ADR | 1,158,261 | ||
Industrial Conglomerates – 2.1% | ||||
9,998 | Honeywell International, Inc. | 1,945,411 | ||
8,331 | Siemens AG (a) | 1,153,571 | ||
3,098,982 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Insurance – 5.7% | ||||
117,929 | AIA Group Ltd. (a) | $1,231,401 | ||
5,176 | Allianz SE (a) | 1,236,071 | ||
19,827 | American International Group, Inc. | 1,244,541 | ||
43,382 | AXA S.A. (a) | 1,269,979 | ||
148,068 | China Life Insurance Co., Ltd., ADR (g) | 1,123,836 | ||
17,576 | MetLife, Inc. | 1,235,241 | ||
160,500 | Ping An Insurance Group Co. of China Ltd., Class H (a) | 1,122,066 | ||
8,463,135 | ||||
Interactive Media & Services – 1.2% | ||||
13,638 | Baidu, Inc., ADR (b) | 1,804,307 | ||
Internet & Direct Marketing Retail – 4.2% | ||||
19,837 | Alibaba Group Holding Ltd., ADR (b) | 2,158,266 | ||
628 | Amazon.com, Inc. (b) | 2,047,249 | ||
35,097 | JD.com, Inc., ADR (b) | 2,031,063 | ||
6,236,578 | ||||
IT Services – 12.9% | ||||
5,955 | Accenture PLC, Class A | 2,008,205 | ||
9,573 | Capgemini SE (a) | 2,124,279 | ||
21,028 | Cognizant Technology Solutions Corp., Class A | 1,885,581 | ||
77,319 | Infosys Ltd., ADR | 1,924,470 | ||
14,823 | International Business Machines Corp. | 1,927,286 | ||
5,679 | Mastercard, Inc., Class A | 2,029,561 | ||
18,704 | PayPal Holdings, Inc. (b) | 2,163,117 | ||
38,844 | Tata Consultancy Services Ltd. (a) | 1,909,004 | ||
5,707 | Visa, Inc., Class A | 1,265,641 | ||
243,500 | Wipro Ltd., ADR | 1,877,385 | ||
19,114,529 | ||||
Marine – 1.2% | ||||
607 | AP Moller - Maersk A.S., Class B (a) | 1,824,013 | ||
Metals & Mining – 1.6% | ||||
32,149 | BHP Group Ltd. (a) | 1,239,263 | ||
15,094 | Rio Tinto PLC, ADR (g) | 1,213,558 | ||
2,452,821 | ||||
Multi-Utilities – 1.3% | ||||
151,093 | Engie S.A. (a) | 1,986,420 | ||
Oil, Gas & Consumable Fuels – 0.8% | ||||
224,508 | Gazprom PJSC, ADR (a) (e) (f) | 35,749 |
Shares | Description | Value | ||
Oil, Gas & Consumable Fuels (Continued) | ||||
21,856 | Shell PLC, ADR | $1,200,550 | ||
1,236,299 | ||||
Semiconductors & Semiconductor Equipment – 8.0% | ||||
17,314 | Advanced Micro Devices, Inc. (b) | 1,893,113 | ||
60,844 | Infineon Technologies AG (a) | 2,058,355 | ||
39,505 | Intel Corp. | 1,957,868 | ||
24,344 | Micron Technology, Inc. | 1,896,154 | ||
8,135 | NVIDIA Corp. | 2,219,716 | ||
17,731 | Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 1,848,634 | ||
11,873,840 | ||||
Software – 7.3% | ||||
6,454 | Microsoft Corp. | 1,989,833 | ||
24,048 | Oracle Corp. | 1,989,491 | ||
9,210 | salesforce.com, Inc. (b) | 1,955,467 | ||
17,067 | SAP SE (a) | 1,891,504 | ||
16,168 | VMware, Inc., Class A | 1,841,050 | ||
4,945 | Workday, Inc., Class A (b) | 1,184,130 | ||
10,851,475 | ||||
Specialty Retail – 0.7% | ||||
3,553 | Home Depot (The), Inc. | 1,063,519 | ||
Technology Hardware, Storage & Peripherals – 1.2% | ||||
31,798 | Samsung Electronics Co., Ltd. (a) | 1,819,576 | ||
Wireless Telecommunication Services – 1.1% | ||||
145,400 | Softbank Corp. (a) | 1,695,817 | ||
Total Common Stocks | 148,332,951 | |||
(Cost $140,881,436) | ||||
MONEY MARKET FUNDS – 1.7% | ||||
2,496,306 | Goldman Sachs Financial Square Treasury Obligations Fund - Institutional Class - 0.20% (h) (i) | 2,496,306 | ||
(Cost $2,496,306) |
Principal Value | Description | Value | ||
REPURCHASE AGREEMENTS – 0.2% | ||||
$278,434 | BNP Paribas S.A., 0.24% (h), dated 3/31/22, due 4/1/22, with a maturity value of $278,436. Collateralized by U.S. Treasury Note, interest rate of 0.25%, due 9/30/25. The value of the collateral including accrued interest is $283,683. (i) | $278,434 | ||
(Cost $278,434) | ||||
Total Investments – 101.6% | 151,107,691 | |||
(Cost $143,656,176) | ||||
Net Other Assets and Liabilities – (1.6)% | (2,357,706) | |||
Net Assets – 100.0% | $148,749,985 |
(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 March 31, 2022, securities noted as such are valued at $68,841,376 or 46.3% 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) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933, as amended (the “1933 Act”). |
(d) | This security is exempt from registration upon resale under Rule 144A of the 1933 Act and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration. As such, it does not require the additional disclosure required of restricted securities. |
(e) | Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be illiquid by the Advisor. |
(f) | This security’s value was determined using significant unobservable inputs (see Note 2A – Portfolio Valuation in the Notes to Financial Statements). |
(g) | All or a portion of this security is on loan (See Note 2G - Securities Lending in the Notes to Financial Statements). The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $2,577,281 and the total value of the collateral held by the Fund is $2,774,740. |
(h) | Rate shown reflects yield as of March 31, 2022. |
(i) | This security serves as collateral for securities on loan. |
ADR | American Depositary Receipt |
Security Lending Agency Agreement | |
Total gross amount presented on the Statements of Assets and Liabilities (1) | $2,577,281 |
Non-cash Collateral (2) | (2,577,281) |
Net Amount | $— |
(1) | The amount presented on the Statements of Assets and Liabilities, which is included in “Investments, at value,” is not offset and is shown on a gross basis. |
(2) | At March 31, 2022, 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) | $278,434 |
Non-cash Collateral (4) | (278,434) |
Net Amount | $— |
(3) | The amount is included in “Investments, at value” on the Statements of Assets and Liabilities. |
(4) | At March 31, 2022, 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 | 53.7% |
Euro | 18.4 |
Hong Kong Dollar | 8.1 |
Swiss Franc | 2.9 |
Indian Rupee | 2.8 |
Australian Dollar | 2.4 |
British Pound Sterling | 2.3 |
South Korean Won | 2.1 |
United Arab Emirates Dirham | 2.1 |
Swedish Krona | 1.3 |
Danish Krone | 1.2 |
Japanese Yen | 1.1 |
Singapore Dollar | 0.8 |
Canadian Dollar | 0.8 |
Total | 100.0% |
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Aerospace & Defense | $ 3,574,677 | $ 2,334,808 | $ 1,239,869 | $ — |
Automobiles | 5,071,091 | 2,622,489 | 2,448,602 | — |
Banks | 36,174,467 | 10,112,491 | 26,060,588 | 1,388 |
Capital Markets | 9,658,476 | 4,641,668 | 5,016,808 | — |
Communications Equipment | 4,418,662 | 2,423,297 | 1,995,365 | — |
Diversified Telecommunication Services | 8,745,555 | 2,959,428 | 5,786,127 | — |
Food & Staples Retailing | 2,314,890 | 2,314,890 | — | — |
Household Durables | 1,158,261 | 1,158,261 | — | — |
Industrial Conglomerates | 3,098,982 | 1,945,411 | 1,153,571 | — |
Insurance | 8,463,135 | 3,603,618 | 4,859,517 | — |
Interactive Media & Services | 1,804,307 | 1,804,307 | — | — |
Internet & Direct Marketing Retail | 6,236,578 | 6,236,578 | — | — |
IT Services | 19,114,529 | 15,081,246 | 4,033,283 | — |
Metals & Mining | 2,452,821 | 1,213,558 | 1,239,263 | — |
Oil, Gas & Consumable Fuels | 1,236,299 | 1,200,550 | — | 35,749 |
Semiconductors & Semiconductor Equipment | 11,873,840 | 9,815,485 | 2,058,355 | — |
Software | 10,851,475 | 8,959,971 | 1,891,504 | — |
Specialty Retail | 1,063,519 | 1,063,519 | — | — |
Other industry categories* | 11,021,387 | — | 11,021,387 | — |
Money Market Funds | 2,496,306 | 2,496,306 | — | — |
Repurchase Agreements | 278,434 | — | 278,434 | — |
Total Investments | $ 151,107,691 | $ 81,987,881 | $ 69,082,673 | $ 37,137 |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 99.0% | ||||
Aerospace & Defense – 7.0% | ||||
66,766 | AeroVironment, Inc. (a) | $6,285,351 | ||
23,144 | Elbit Systems Ltd. (b) | 5,061,635 | ||
1,934 | Northrop Grumman Corp. | 864,923 | ||
1,209,112 | QinetiQ Group PLC (b) | 4,804,900 | ||
17,016,809 | ||||
Auto Components – 6.9% | ||||
6,605 | Aptiv PLC (a) | 790,685 | ||
9,911 | Continental AG (a) (b) | 710,482 | ||
12,200 | Denso Corp. (b) | 778,361 | ||
156,712 | Gentex Corp. | 4,571,289 | ||
338,110 | Luminar Technologies, Inc. (a) (c) | 5,284,659 | ||
11,512 | Magna International, Inc. | 740,337 | ||
213,463 | Valeo (b) | 3,942,867 | ||
16,818,680 | ||||
Automobiles – 0.8% | ||||
37,433 | NIO, Inc., ADR (a) | 787,965 | ||
982 | Tesla, Inc. (a) | 1,058,203 | ||
1,846,168 | ||||
Communications Equipment – 1.7% | ||||
69,332 | Ciena Corp. (a) | 4,203,599 | ||
Electrical Equipment – 3.3% | ||||
46,273 | ABB Ltd. (b) | 1,501,130 | ||
9,201 | Emerson Electric Co. | 902,158 | ||
71,300 | Mitsubishi Electric Corp. (b) | 817,729 | ||
18,300 | Nidec Corp. (b) | 1,445,390 | ||
5,893 | Rockwell Automation, Inc. | 1,650,217 | ||
10,007 | Schneider Electric SE (b) | 1,680,079 | ||
7,996,703 | ||||
Electronic Equipment, Instruments & Components – 11.2% | ||||
23,255 | Cognex Corp. | 1,794,123 | ||
178,684 | Delta Electronics, Inc. (b) | 1,656,709 | ||
28,701 | FARO Technologies, Inc. (a) | 1,490,156 | ||
347,743 | Hexagon AB, Class B (b) | 4,872,158 | ||
3,400 | Keyence Corp. (b) | 1,576,589 | ||
39,131 | National Instruments Corp. | 1,588,327 | ||
23,300 | Omron Corp. (b) | 1,550,582 | ||
362,300 | Topcon Corp. (b) | 4,589,944 | ||
68,010 | Trimble, Inc. (a) | 4,906,241 | ||
98,100 | Yokogawa Electric Corp. (b) | 1,671,478 | ||
3,801 | Zebra Technologies Corp., Class A (a) | 1,572,474 | ||
27,268,781 | ||||
Entertainment – 0.4% | ||||
55,800 | DeNA Co., Ltd. (b) | 847,668 |
Shares | Description | Value | ||
Food & Staples Retailing – 0.3% | ||||
46,410 | Ocado Group PLC (a) (b) | $708,664 | ||
Health Care Equipment & Supplies – 2.7% | ||||
452,764 | Accuray, Inc. (a) | 1,498,649 | ||
526,000 | CYBERDYNE, Inc. (a) (b) (c) | 1,555,420 | ||
5,411 | Intuitive Surgical, Inc. (a) | 1,632,390 | ||
8,143 | Medtronic PLC | 903,466 | ||
3,246 | Stryker Corp. | 867,818 | ||
6,457,743 | ||||
Health Care Technology – 0.7% | ||||
6,613 | Omnicell, Inc. (a) | 856,318 | ||
11,263 | Teladoc Health, Inc. (a) | 812,400 | ||
1,668,718 | ||||
Household Durables – 2.3% | ||||
76,314 | iRobot Corp. (a) | 4,838,308 | ||
8,300 | Sony Group Corp. (b) | 853,868 | ||
5,692,176 | ||||
Industrial Conglomerates – 0.3% | ||||
6,010 | Siemens AG (b) | 832,189 | ||
Interactive Media & Services – 1.7% | ||||
316 | Alphabet, Inc., Class A (a) | 878,906 | ||
5,609 | Baidu, Inc., ADR (a) | 742,071 | ||
10,924 | Kakao Corp. (b) | 949,499 | ||
3,233 | NAVER Corp. (b) | 898,545 | ||
15,900 | Tencent Holdings Ltd. (b) | 732,900 | ||
4,201,921 | ||||
Internet & Direct Marketing Retail – 1.0% | ||||
8,128 | Alibaba Group Holding Ltd., ADR (a) | 884,327 | ||
278 | Amazon.com, Inc. (a) | 906,266 | ||
11,936 | JD.com, Inc., ADR (a) | 690,736 | ||
2,481,329 | ||||
IT Services – 4.4% | ||||
7,897 | Akamai Technologies, Inc. (a) | 942,823 | ||
132,228 | Atos SE (b) | 3,610,687 | ||
6,420 | Endava PLC, ADR (a) | 854,053 | ||
6,979 | International Business Machines Corp. | 907,409 | ||
29,800 | Obic Co., Ltd. (b) | 4,463,352 | ||
10,778,324 | ||||
Life Sciences Tools & Services – 3.3% | ||||
17,951 | Azenta, Inc. | 1,487,779 | ||
14,525 | Illumina, Inc. (a) | 5,075,035 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Life Sciences Tools & Services (Continued) | ||||
3,623 | Tecan Group AG (b) | $1,432,318 | ||
7,995,132 | ||||
Machinery – 10.4% | ||||
34,969 | ANDRITZ AG (b) | 1,615,002 | ||
40,543 | ATS Automation Tooling Systems, Inc. (a) | 1,462,616 | ||
1,416,024 | AutoStore Holdings Ltd. (a) (b) | 5,130,511 | ||
39,469 | Cargotec OYJ, Class B (b) | 1,499,206 | ||
21,900 | Daifuku Co., Ltd. (b) | 1,562,597 | ||
2,375 | Deere & Co. | 986,718 | ||
43,252 | Duerr AG (b) | 1,276,095 | ||
8,600 | FANUC Corp. (b) | 1,509,385 | ||
13,858 | John Bean Technologies Corp. | 1,641,757 | ||
46,300 | Kawasaki Heavy Industries, Ltd. (b) | 838,866 | ||
27,941 | Proto Labs, Inc. (a) | 1,478,079 | ||
50,240 | SFA Engineering Corp. (b) | 1,689,948 | ||
59,100 | Shibaura Machine Co., Ltd. (b) | 1,643,587 | ||
44,976 | Valmet Oyj (b) | 1,395,986 | ||
39,600 | Yaskawa Electric Corp. (b) | 1,543,408 | ||
25,273,761 | ||||
Pharmaceuticals – 0.4% | ||||
5,195 | Johnson & Johnson | 920,710 | ||
Road & Rail – 0.2% | ||||
49,080 | TuSimple Holdings, Inc., Class A (a) (c) | 598,776 | ||
Semiconductors & Semiconductor Equipment – 6.6% | ||||
6,932 | Advanced Micro Devices, Inc. (a) | 757,945 | ||
33,954 | Ambarella, Inc. (a) | 3,562,454 | ||
17,924 | Intel Corp. | 888,313 | ||
4,508 | KLA Corp. | 1,650,199 | ||
17,681 | Micron Technology, Inc. | 1,377,173 | ||
6,443 | NVIDIA Corp. | 1,758,037 | ||
8,264 | NXP Semiconductors N.V. | 1,529,501 | ||
9,135 | QUALCOMM, Inc. | 1,396,011 | ||
14,682 | Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 1,530,745 | ||
13,323 | Teradyne, Inc. | 1,575,178 | ||
16,025,556 | ||||
Software – 31.7% | ||||
14,632 | ANSYS, Inc. (a) | 4,647,855 | ||
77,816 | Appian Corp. (a) | 4,732,769 | ||
3,882 | Autodesk, Inc. (a) | 832,107 | ||
8,228 | Avalara, Inc. (a) | 818,768 | ||
141,986 | AVEVA Group PLC (b) | 4,535,125 | ||
690,492 | BlackBerry Ltd. (a) | 5,151,070 | ||
1,804,234 | BrainChip Holdings Ltd. (a) (b) | 1,282,669 |
Shares | Description | Value | ||
Software (Continued) | ||||
211,583 | C3.ai, Inc., Class A (a) (c) | $4,802,934 | ||
31,326 | Cadence Design Systems, Inc. (a) | 5,151,874 | ||
97,111 | Dassault Systemes SE (b) | 4,770,932 | ||
106,792 | Dynatrace, Inc. (a) | 5,029,903 | ||
2,861 | Microsoft Corp. | 882,075 | ||
12,874 | Netcompany Group A.S. (a) (b) (d) (e) | 848,407 | ||
20,966 | Nice Ltd., ADR (a) | 4,591,554 | ||
54,450 | Pegasystems, Inc. | 4,391,393 | ||
272,800 | PKSHA Technology, Inc. (a) (b) | 4,513,301 | ||
149,266 | PROS Holdings, Inc. (a) | 4,972,050 | ||
7,683 | PTC, Inc. (a) | 827,613 | ||
8,180 | ServiceNow, Inc. (a) | 4,555,360 | ||
15,185 | Synopsys, Inc. (a) | 5,060,705 | ||
136,666 | UiPath, Inc., Class A (a) | 2,950,619 | ||
93,295 | Veritone, Inc. (a) (c) | 1,705,433 | ||
77,054,516 | ||||
Technology Hardware, Storage & Peripherals – 1.3% | ||||
88,165 | 3D Systems Corp. (a) | 1,470,592 | ||
14,258 | Samsung Electronics Co., Ltd. (b) | 815,885 | ||
55,900 | Seiko Epson Corp. (b) | 839,781 | ||
3,126,258 | ||||
Wireless Telecommunication Services – 0.4% | ||||
19,200 | SoftBank Group Corp. (b) | 858,425 | ||
Total Common Stocks | 240,672,606 | |||
(Cost $251,003,347) | ||||
REAL ESTATE INVESTMENT TRUSTS – 0.4% | ||||
Equity Real Estate Investment Trusts – 0.4% | ||||
1,205 | Equinix, Inc. | 893,652 | ||
(Cost $862,883) | ||||
MONEY MARKET FUNDS – 1.6% | ||||
3,934,160 | Goldman Sachs Financial Square Treasury Obligations Fund - Institutional Class - 0.20% (f) (g) | 3,934,160 | ||
(Cost $3,934,160) |
Principal Value | Description | Value | ||
REPURCHASE AGREEMENTS – 0.2% | ||||
$438,811 | BNP Paribas S.A., 0.24% (f), dated 3/31/22, due 4/1/22, with a maturity value of $438,813. Collateralized by U.S. Treasury Note, interest rate of 0.25%, due 9/30/25. The value of the collateral including accrued interest is $447,082. (g) | $438,811 | ||
(Cost $438,811) | ||||
Total Investments – 101.2% | 245,939,229 | |||
(Cost $256,239,201) | ||||
Net Other Assets and Liabilities – (1.2)% | (2,837,644) | |||
Net Assets – 100.0% | $243,101,585 |
(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 March 31, 2022, securities noted as such are valued at $91,714,259 or 37.7% 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 (See Note 2G - Securities Lending in the Notes to Financial Statements). The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $4,166,337 and the total value of the collateral held by the Fund is $4,372,971. |
(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 March 31, 2022. |
(g) | This security serves as collateral for securities on loan. |
ADR | American Depositary Receipt |
Security Lending Agency Agreement | |
Total gross amount presented on the Statements of Assets and Liabilities (1) | $4,166,337 |
Non-cash Collateral (2) | (4,166,337) |
Net Amount | $— |
(1) | The amount presented on the Statements of Assets and Liabilities, which is included in “Investments, at value,” is not offset and is shown on a gross basis. |
(2) | At March 31, 2022, 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) | $438,811 |
Non-cash Collateral (4) | (438,811) |
Net Amount | $— |
(3) | The amount is included in “Investments, at value” on the Statements of Assets and Liabilities. |
(4) | At March 31, 2022, 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 | 62.1% |
Japanese Yen | 13.6 |
Euro | 8.7 |
British Pound Sterling | 4.1 |
Norwegian Krone | 2.1 |
Israeli Shekel | 2.0 |
Swedish Krona | 2.0 |
South Korean Won | 1.8 |
Swiss Franc | 1.2 |
New Taiwan Dollar | 0.7 |
Canadian Dollar | 0.6 |
Australian Dollar | 0.5 |
Danish Krone | 0.3 |
Hong Kong Dollar | 0.3 |
Total | 100.0% |
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Aerospace & Defense | $ 17,016,809 | $ 7,150,274 | $ 9,866,535 | $ — |
Auto Components | 16,818,680 | 11,386,970 | 5,431,710 | — |
Electrical Equipment | 7,996,703 | 2,552,375 | 5,444,328 | — |
Electronic Equipment, Instruments & Components | 27,268,781 | 11,351,321 | 15,917,460 | — |
Entertainment | 847,668 | — | 847,668 | — |
Food & Staples Retailing | 708,664 | — | 708,664 | — |
Health Care Equipment & Supplies | 6,457,743 | 4,902,323 | 1,555,420 | — |
Household Durables | 5,692,176 | 4,838,308 | 853,868 | — |
Industrial Conglomerates | 832,189 | — | 832,189 | — |
Interactive Media & Services | 4,201,921 | 1,620,977 | 2,580,944 | — |
IT Services | 10,778,324 | 2,704,285 | 8,074,039 | — |
Life Sciences Tools & Services | 7,995,132 | 6,562,814 | 1,432,318 | — |
Machinery | 25,273,761 | 5,569,170 | 19,704,591 | — |
Software | 77,054,516 | 61,104,082 | 15,950,434 | — |
Technology Hardware, Storage & Peripherals | 3,126,258 | 1,470,592 | 1,655,666 | — |
Wireless Telecommunication Services | 858,425 | — | 858,425 | — |
Other industry categories* | 27,744,856 | 27,744,856 | — | — |
Real Estate Investment Trusts* | 893,652 | 893,652 | — | — |
Money Market Funds | 3,934,160 | 3,934,160 | — | — |
Repurchase Agreements | 438,811 | — | 438,811 | — |
Total Investments | $ 245,939,229 | $ 153,786,159 | $ 92,153,070 | $— |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 97.4% | ||||
Aerospace & Defense – 2.7% | ||||
7,904 | Thales S.A. (a) | $989,862 | ||
Air Freight & Logistics – 1.7% | ||||
12,496 | Deutsche Post AG (a) | 596,708 | ||
Banks – 4.1% | ||||
39,668 | FinecoBank Banca Fineco S.p.A. (a) | 601,767 | ||
10,864 | Toronto-Dominion Bank (The) | 861,977 | ||
1,463,744 | ||||
Beverages – 3.7% | ||||
4,576 | Carlsberg A.S., Class B (a) | 561,757 | ||
15,361 | Diageo PLC (a) | 779,180 | ||
1,340,937 | ||||
Biotechnology – 1.9% | ||||
3,458 | CSL Ltd. (a) | 690,364 | ||
Capital Markets – 2.2% | ||||
4,470 | Deutsche Boerse AG (a) | 804,649 | ||
Chemicals – 3.7% | ||||
6,958 | Akzo Nobel N.V. (a) | 597,848 | ||
2,268 | Sika AG (a) | 750,376 | ||
1,348,224 | ||||
Commercial Services & Supplies – 1.8% | ||||
93,629 | Rentokil Initial PLC (a) | 644,961 | ||
Communications Equipment – 1.6% | ||||
62,308 | Telefonaktiebolaget LM Ericsson, Class B (a) | 567,971 | ||
Diversified Financial Services – 2.0% | ||||
33,466 | Investor AB, Class B (a) | 727,157 | ||
Electrical Equipment – 1.9% | ||||
7,101 | Legrand S.A. (a) | 675,138 | ||
Food & Staples Retailing – 4.4% | ||||
19,825 | Alimentation Couche-Tard, Inc. | 893,128 | ||
25,654 | Woolworths Group Ltd. (a) | 712,279 | ||
1,605,407 | ||||
Food Products – 2.2% | ||||
6,144 | Nestle S.A. (a) | 798,835 | ||
Health Care Providers & Services – 1.9% | ||||
26,337 | Sonic Healthcare Ltd. (a) | 695,356 | ||
Household Products – 1.6% | ||||
24,445 | Essity AB, Class B (a) | 576,878 |
Shares | Description | Value | ||
Insurance – 4.4% | ||||
5,636 | Intact Financial Corp. | $832,766 | ||
13,687 | Sun Life Financial, Inc. | 764,190 | ||
1,596,956 | ||||
IT Services – 5.7% | ||||
3,505 | Capgemini SE (a) | 777,770 | ||
8,444 | CGI, Inc. (b) | 672,670 | ||
4,000 | Obic Co., Ltd. (a) | 599,108 | ||
2,049,548 | ||||
Machinery – 6.9% | ||||
11,853 | Atlas Copco AB, Class A (a) | 615,241 | ||
33,394 | Epiroc AB, Class A (a) | 714,260 | ||
11,050 | Kone Oyj, Class B (a) | 578,248 | ||
2,753 | Schindler Holding AG (a) | 589,885 | ||
2,497,634 | ||||
Marine – 1.9% | ||||
2,463 | Kuehne + Nagel International AG (a) | 699,318 | ||
Multiline Retail – 2.0% | ||||
19,450 | Wesfarmers Ltd. (a) | 729,853 | ||
Personal Products – 1.8% | ||||
14,413 | Unilever PLC (a) | 654,390 | ||
Pharmaceuticals – 15.4% | ||||
6,316 | AstraZeneca PLC (a) | 837,584 | ||
21,924 | Chugai Pharmaceutical Co., Ltd. (a) | 731,569 | ||
39,688 | GlaxoSmithKline PLC (a) | 858,728 | ||
3,428 | Merck KGaA (a) | 715,885 | ||
9,176 | Novartis AG (a) | 805,575 | ||
7,454 | Novo Nordisk A.S., Class B (a) | 826,769 | ||
1,959 | Roche Holding AG (a) | 775,102 | ||
5,551,212 | ||||
Professional Services – 8.1% | ||||
260 | SGS S.A. (a) | 722,838 | ||
1,866 | Teleperformance (a) | 710,756 | ||
6,558 | Thomson Reuters Corp. | 712,008 | ||
7,191 | Wolters Kluwer N.V. (a) | 766,607 | ||
2,912,209 | ||||
Road & Rail – 2.3% | ||||
6,229 | Canadian National Railway Co. | 835,582 | ||
Software – 3.7% | ||||
438 | Constellation Software, Inc. | 748,715 | ||
5,217 | SAP SE (a) | 578,190 | ||
1,326,905 | ||||
Textiles, Apparel & Luxury Goods – 3.5% | ||||
508 | Hermes International (a) | 718,997 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Textiles, Apparel & Luxury Goods (Continued) | ||||
6,491 | Puma SE (a) | $552,007 | ||
1,271,004 | ||||
Trading Companies & Distributors – 4.3% | ||||
22,044 | Bunzl PLC (a) | 854,890 | ||
5,240 | Ferguson PLC (a) | 709,915 | ||
1,564,805 | ||||
Total Common Stocks | 35,215,607 | |||
(Cost $36,245,663) | ||||
REAL ESTATE INVESTMENT TRUSTS – 2.3% | ||||
Equity Real Estate Investment Trusts – 2.3% | ||||
48,069 | Goodman Group (a) | 817,006 | ||
(Cost $804,566) | ||||
Total Investments – 99.7% | 36,032,613 | |||
(Cost $37,050,229) | ||||
Net Other Assets and Liabilities – 0.3% | 109,586 | |||
Net Assets – 100.0% | $36,142,199 |
(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 March 31, 2022, securities noted as such are valued at $29,711,577 or 82.2% 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. |
(b) | Non-income producing security. |
Currency Exposure Diversification | % of Total Investments |
Euro | 26.8% |
Canadian Dollar | 17.5 |
British Pound Sterling | 14.8 |
Swiss Franc | 14.3 |
Australian Dollar | 10.1 |
Swedish Krona | 8.9 |
Danish Krone | 3.9 |
Japanese Yen | 3.7 |
Total | 100.0% |
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Banks | $ 1,463,744 | $ 861,977 | $ 601,767 | $ — |
Food & Staples Retailing | 1,605,407 | 893,128 | 712,279 | — |
Insurance | 1,596,956 | 1,596,956 | — | — |
IT Services | 2,049,548 | 672,670 | 1,376,878 | — |
Professional Services | 2,912,209 | 712,008 | 2,200,201 | — |
Road & Rail | 835,582 | 835,582 | — | — |
Software | 1,326,905 | 748,715 | 578,190 | — |
Other industry categories* | 23,425,256 | — | 23,425,256 | — |
Real Estate Investment Trusts* | 817,006 | — | 817,006 | — |
Total Investments | $ 36,032,613 | $ 6,321,036 | $ 29,711,577 | $— |
* | 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 | $ 1,845,440,166 | $ 384,945,733 | $ 54,198,301 | $ 46,333,563 | |||
Investments, at value - Affiliated | — | 93,490,380 | — | — | |||
Total investments, at value | 1,845,440,166 | 478,436,113 | 54,198,301 | 46,333,563 | |||
Cash | 9,992,365 | 9,186,396 | 98,229 | 1,951,905 | |||
Cash held at broker | — | — | — | 10,194 | |||
Foreign currency | — | — | 22,322 | — | |||
Options purchased, at value | — | — | — | — | |||
Receivables: | |||||||
Dividends | 2,321,056 | 2,155,572 | 343,800 | 40,245 | |||
Dividend reclaims | 185,961 | — | 91,546 | 879 | |||
Investment securities sold | — | — | — | — | |||
Securities lending income | — | — | — | — | |||
Total Assets | 1,857,939,548 | 489,778,081 | 54,754,198 | 48,336,786 | |||
LIABILITIES: | |||||||
Options written, at value | — | — | — | 868,399 | |||
Due to custodian foreign currency | — | — | — | — | |||
Due to custodian | — | — | — | — | |||
Payables: | |||||||
Investment securities purchased | 8,902,009 | 8,276,600 | — | — | |||
Investment advisory fees | 763,063 | 193,329 | 25,947 | 34,476 | |||
Deferred foreign capital gains tax | — | — | — | — | |||
Collateral for securities on loan | — | — | — | — | |||
Total Liabilities | 9,665,072 | 8,469,929 | 25,947 | 902,875 | |||
NET ASSETS | $1,848,274,476 | $481,308,152 | $54,728,251 | $47,433,911 | |||
NET ASSETS consist of: | |||||||
Paid-in capital | $ 1,603,115,039 | $ 680,218,412 | $ 58,290,913 | $ 61,568,160 | |||
Par value | 314,050 | 286,000 | 31,000 | 20,742 | |||
Accumulated distributable earnings (loss) | 244,845,387 | (199,196,260) | (3,593,662) | (14,154,991) | |||
NET ASSETS | $1,848,274,476 | $481,308,152 | $54,728,251 | $47,433,911 | |||
NET ASSET VALUE, per share | $58.85 | $16.83 | $17.65 | $22.87 | |||
Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per share) | 31,405,000 | 28,600,002 | 3,100,002 | 2,074,201 | |||
Investments, at cost - Unaffiliated | $1,574,415,132 | $361,481,418 | $52,631,504 | $38,140,313 | |||
Investments, at cost - Affiliated | $— | $99,376,104 | $— | $— | |||
Total investments, at cost | $1,574,415,132 | $460,857,522 | $52,631,504 | $38,140,313 | |||
Foreign currency, at cost (proceeds) | $— | $— | $22,358 | $— | |||
Securities on loan, at value | $— | $— | $— | $— | |||
Premiums paid on options purchased | $— | $— | $— | $— | |||
Premiums received on options written | $— | $— | $— | $818,403 |
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) | ||||
$ 14,256,876 | $ 9,713,235,558 | $— | $ 218,835,214 | $ 73,471,877 | ||||
— | — | 2,847,361,994 | — | — | ||||
14,256,876 | 9,713,235,558 | 2,847,361,994 | 218,835,214 | 73,471,877 | ||||
664,717 | 54,615,625 | 318,656 | — | 179,608 | ||||
4,616 | — | — | — | — | ||||
— | — | — | — | — | ||||
95,400 | — | — | — | — | ||||
8,586 | 11,504,752 | 2,585,512 | 41,026 | 131,111 | ||||
938 | — | — | — | 3,076 | ||||
— | — | — | 4,285,887 | — | ||||
— | — | — | 271 | — | ||||
15,031,133 | 9,779,355,935 | 2,850,266,162 | 223,162,398 | 73,785,672 | ||||
299,214 | — | — | — | — | ||||
— | — | — | — | — | ||||
— | — | — | 4,021,149 | — | ||||
— | 39,392,598 | — | — | — | ||||
8,869 | 4,018,665 | 716,189 | 137,831 | 36,412 | ||||
— | — | — | — | — | ||||
— | — | — | 1,292,775 | — | ||||
308,083 | 43,411,263 | 716,189 | 5,451,755 | 36,412 | ||||
$ 14,723,050 | $ 9,735,944,672 | $ 2,849,549,973 | $ 217,710,643 | $ 73,749,260 | ||||
$ 16,268,658 | $ 9,277,180,554 | $ 2,315,247,192 | $ 232,937,383 | $ 86,092,200 | ||||
6,500 | 1,989,000 | 597,000 | 51,500 | 22,000 | ||||
(1,552,108) | 456,775,118 | 533,705,781 | (15,278,240) | (12,364,940) | ||||
$ 14,723,050 | $ 9,735,944,672 | $ 2,849,549,973 | $ 217,710,643 | $ 73,749,260 | ||||
$22.65 | $48.95 | $47.73 | $42.27 | $33.52 | ||||
650,002 | 198,900,002 | 59,700,002 | 5,150,002 | 2,200,002 | ||||
$12,762,612 | $9,417,876,555 | $— | $215,748,913 | $69,601,266 | ||||
$— | $— | $2,495,058,572 | $— | $— | ||||
$12,762,612 | $9,417,876,555 | $2,495,058,572 | $215,748,913 | $69,601,266 | ||||
$— | $— | $— | $— | $— | ||||
$— | $— | $— | $1,247,783 | $— | ||||
$204,599 | $— | $— | $— | $— | ||||
$247,328 | $— | $— | $— | $— |
First Trust Dorsey Wright International Focus 5 ETF (IFV) | First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) | First Trust Indxx Innovative Transaction & Process ETF (LEGR) | First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) | First Trust International Developed Capital Strength ETF (FICS) | |||||
ASSETS: | |||||||||
Investments, at value - Unaffiliated | $— | $— | $ 151,107,691 | $ 245,939,229 | $ 36,032,613 | ||||
Investments, at value - Affiliated | 195,761,126 | 215,961,774 | — | — | — | ||||
Total investments, at value | 195,761,126 | 215,961,774 | 151,107,691 | 245,939,229 | 36,032,613 | ||||
Cash | — | 73,788 | 34,118 | 6,718,341 | 1,570 | ||||
Cash held at broker | — | — | — | — | — | ||||
Foreign currency | — | — | 7,284 | — | 38,312 | ||||
Options purchased, at value | — | — | — | — | — | ||||
Receivables: | |||||||||
Dividends | 1,405,683 | 196,595 | 352,506 | 270,421 | 61,502 | ||||
Dividend reclaims | — | — | 151,453 | 71,891 | 27,433 | ||||
Investment securities sold | — | — | — | 5,477,306 | — | ||||
Securities lending income | — | — | 592 | 16,738 | — | ||||
Total Assets | 197,166,809 | 216,232,157 | 151,653,644 | 258,493,926 | 36,161,430 | ||||
LIABILITIES: | |||||||||
Options written, at value | — | — | — | — | — | ||||
Due to custodian foreign currency | — | — | — | 10,885,909 | — | ||||
Due to custodian | 1,446,023 | — | — | — | — | ||||
Payables: | |||||||||
Investment securities purchased | — | — | — | — | — | ||||
Investment advisory fees | 49,475 | 55,223 | 80,539 | 133,461 | 19,231 | ||||
Deferred foreign capital gains tax | — | — | 48,380 | — | — | ||||
Collateral for securities on loan | — | — | 2,774,740 | 4,372,971 | — | ||||
Total Liabilities | 1,495,498 | 55,223 | 2,903,659 | 15,392,341 | 19,231 | ||||
NET ASSETS | $195,671,311 | $216,176,934 | $148,749,985 | $243,101,585 | $36,142,199 | ||||
NET ASSETS consist of: | |||||||||
Paid-in capital | $ 314,905,872 | $ 213,566,077 | $ 143,773,335 | $ 255,073,678 | $ 36,990,065 | ||||
Par value | 93,500 | 59,000 | 37,000 | 51,500 | 11,000 | ||||
Accumulated distributable earnings (loss) | (119,328,061) | 2,551,857 | 4,939,650 | (12,023,593) | (858,866) | ||||
NET ASSETS | $195,671,311 | $216,176,934 | $148,749,985 | $243,101,585 | $36,142,199 | ||||
NET ASSET VALUE, per share | $20.93 | $36.64 | $40.20 | $47.20 | $32.86 | ||||
Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per share) | 9,350,002 | 5,900,002 | 3,700,002 | 5,150,002 | 1,100,002 | ||||
Investments, at cost - Unaffiliated | $— | $— | $143,656,176 | $256,239,201 | $37,050,229 | ||||
Investments, at cost - Affiliated | $189,610,610 | $187,812,524 | $— | $— | $— | ||||
Total investments, at cost | $189,610,610 | $187,812,524 | $143,656,176 | $256,239,201 | $37,050,229 | ||||
Foreign currency, at cost (proceeds) | $— | $— | $7,297 | $(10,920,385) | $38,514 | ||||
Securities on loan, at value | $— | $— | $2,577,281 | $4,166,337 | $— | ||||
Premiums paid on options purchased | $— | $— | $— | $— | $— | ||||
Premiums received on options written | $— | $— | $— | $— | $— |
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 | $ 23,428,552 | $ 10,700,382 | $ 936,111 | $ 447,793 | ||||
Dividends - Affiliated | — | 2,692,114 | — | — | ||||
Interest | 1,005 | 520 | — | (19,637) | ||||
Securities lending income (net of fees) | — | — | — | — | ||||
Foreign withholding tax | (550,917) | — | (92,426) | (1,060) | ||||
Other | — | 60 | — | 146 | ||||
Total investment income | 22,878,640 | 13,393,076 | 843,685 | 427,242 | ||||
EXPENSES: | ||||||||
Investment advisory fees | 4,371,280 | 1,398,471 | 137,211 | 203,382 | ||||
Total expenses | 4,371,280 | 1,398,471 | 137,211 | 203,382 | ||||
Fees waived by the investment advisor | — | (271,533) | — | — | ||||
Net expenses | 4,371,280 | 1,126,938 | 137,211 | 203,382 | ||||
NET INVESTMENT INCOME (LOSS) | 18,507,360 | 12,266,138 | 706,474 | 223,860 | ||||
NET REALIZED AND UNREALIZED GAIN (LOSS): | ||||||||
Net realized gain (loss) on: | ||||||||
Investments - Unaffiliated | (15,801,333) | 12,753,868 | 10,694 | (1,172,490) | ||||
Investments - Affiliated | — | (73,933) | — | — | ||||
In-kind redemptions - Unaffiliated | 143,821,036 | 2,221,772 | — | 478,400 | ||||
In-kind redemptions - Affiliated | — | (37,109) | — | — | ||||
Purchased options contracts | — | — | — | — | ||||
Written options contracts | — | — | — | 846,139 | ||||
Foreign currency transactions | — | — | (17,129) | — | ||||
Foreign capital gains tax | — | — | — | — | ||||
Net realized gain (loss) | 128,019,703 | 14,864,598 | (6,435) | 152,049 | ||||
Net increase from payment by the advisor | — | — | — | — | ||||
Net change in unrealized appreciation (depreciation) on: | ||||||||
Investments - Unaffiliated | (58,967,006) | 4,269,110 | 260,744 | 4,530,665 | ||||
Investments - Affiliated | — | (4,518,690) | — | — | ||||
Purchased options contracts | — | — | — | — | ||||
Written options contracts | — | — | — | (482,434) | ||||
Foreign currency translation | — | — | (5,266) | — | ||||
Deferred foreign capital gains tax | — | — | — | — | ||||
Net change in unrealized appreciation (depreciation) | (58,967,006) | (249,580) | 255,478 | 4,048,231 | ||||
NET REALIZED AND UNREALIZED GAIN (LOSS) | 69,052,697 | 14,615,018 | 249,043 | 4,200,280 | ||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ 87,560,057 | $ 26,881,156 | $ 955,517 | $ 4,424,140 |
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) | |||||||
$93,992 | $76,055,091 | $— | $928,635 | $1,056,638 | $— | $— | |||||||
— | — | 10,957,606 | — | — | 3,053,193 | 836,438 | |||||||
(4,725) | 2,265 | 267 | 14 | 17 | 2,085 | 10 | |||||||
— | — | — | 425 | — | — | — | |||||||
(319) | (223,787) | — | — | (372) | — | — | |||||||
176 | — | — | — | — | — | — | |||||||
89,124 | 75,833,569 | 10,957,873 | 929,074 | 1,056,283 | 3,055,278 | 836,448 | |||||||
43,806 | 19,823,174 | 4,272,204 | 851,956 | 171,203 | 348,098 | 330,863 | |||||||
43,806 | 19,823,174 | 4,272,204 | 851,956 | 171,203 | 348,098 | 330,863 | |||||||
— | — | — | — | — | — | — | |||||||
43,806 | 19,823,174 | 4,272,204 | 851,956 | 171,203 | 348,098 | 330,863 | |||||||
45,318 | 56,010,395 | 6,685,669 | 77,118 | 885,080 | 2,707,180 | 505,585 | |||||||
(248,371) | (75,196,789) | — | (3,574,009) | 62,225 | — | — | |||||||
— | — | (40,845,728) | — | — | 743,793 | (2,027,934) | |||||||
205,530 | 336,903,990 | — | 13,635,518 | 2,029,207 | — | — | |||||||
— | — | 751,611,659 | — | — | 5,125,603 | 40,099,882 | |||||||
(81,617) | — | — | — | — | — | — | |||||||
215,055 | — | — | — | — | — | — | |||||||
— | — | — | — | — | — | — | |||||||
— | — | — | — | — | — | — | |||||||
90,597 | 261,707,201 | 710,765,931 | 10,061,509 | 2,091,432 | 5,869,396 | 38,071,948 | |||||||
— | — | — | — | — | — | — | |||||||
1,062,038 | (189,867,407) | — | (4,346,357) | 1,745,949 | — | — | |||||||
— | — | (619,087,557) | — | — | (22,911,333) | (30,440,722) | |||||||
(87,473) | — | — | — | — | — | — | |||||||
(139,699) | — | — | — | — | — | — | |||||||
— | — | — | — | — | — | — | |||||||
— | — | — | — | — | — | — | |||||||
834,866 | (189,867,407) | (619,087,557) | (4,346,357) | 1,745,949 | (22,911,333) | (30,440,722) | |||||||
925,463 | 71,839,794 | 91,678,374 | 5,715,152 | 3,837,381 | (17,041,937) | 7,631,226 | |||||||
$970,781 | $127,850,189 | $98,364,043 | $5,792,270 | $4,722,461 | $(14,334,757) | $8,136,811 |
First Trust Indxx Innovative Transaction & Process ETF (LEGR) | First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) | First Trust International Developed Capital Strength ETF (FICS) | ||||
INVESTMENT INCOME: | ||||||
Dividends - Unaffiliated | $ 2,177,446 | $ 840,629 | $ 276,476 | |||
Dividends - Affiliated | — | — | — | |||
Interest | 15 | 77 | — | |||
Securities lending income (net of fees) | 17,961 | 251,849 | — | |||
Foreign withholding tax | (127,797) | (71,126) | (29,866) | |||
Other | 16 | 47 | — | |||
Total investment income | 2,067,641 | 1,021,476 | 246,610 | |||
EXPENSES: | ||||||
Investment advisory fees | 472,270 | 886,355 | 70,124 | |||
Total expenses | 472,270 | 886,355 | 70,124 | |||
Fees waived by the investment advisor | — | — | — | |||
Net expenses | 472,270 | 886,355 | 70,124 | |||
NET INVESTMENT INCOME (LOSS) | 1,595,371 | 135,121 | 176,486 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS): | ||||||
Net realized gain (loss) on: | ||||||
Investments - Unaffiliated | (43,547) | (8,856,778) | (190,452) | |||
Investments - Affiliated | — | — | — | |||
In-kind redemptions - Unaffiliated | — | 16,279,592 | 310,559 | |||
In-kind redemptions - Affiliated | — | — | — | |||
Purchased options contracts | — | — | — | |||
Written options contracts | — | — | — | |||
Foreign currency transactions | (297) | (127,220) | 187 | |||
Foreign capital gains tax | (2,132) | — | — | |||
Net realized gain (loss) | (45,976) | 7,295,594 | 120,294 | |||
Net increase from payment by the advisor | — | 1,987 | — | |||
Net change in unrealized appreciation (depreciation) on: | ||||||
Investments - Unaffiliated | (7,927,909) | (42,650,648) | (1,004,588) | |||
Investments - Affiliated | — | — | — | |||
Purchased options contracts | — | — | — | |||
Written options contracts | — | — | — | |||
Foreign currency translation | (2,827) | 59,052 | (259) | |||
Deferred foreign capital gains tax | 40,273 | — | — | |||
Net change in unrealized appreciation (depreciation) | (7,890,463) | (42,591,596) | (1,004,847) | |||
NET REALIZED AND UNREALIZED GAIN (LOSS) | (7,936,439) | (35,294,015) | (884,553) | |||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $(6,341,068) | $(35,158,894) | $(708,067) |
First Trust NASDAQ Technology Dividend Index Fund (TDIV) | Multi-Asset Diversified Income Index Fund (MDIV) | ||||||
Six Months Ended 3/31/2022 (Unaudited) | Year Ended 9/30/2021 | Six Months Ended 3/31/2022 (Unaudited) | Year Ended 9/30/2021 | ||||
OPERATIONS: | |||||||
Net investment income (loss) | $ 18,507,360 | $ 30,828,737 | $ 12,266,138 | $ 14,299,976 | |||
Net realized gain (loss) | 128,019,703 | 266,500,553 | 14,864,598 | 36,831,045 | |||
Net increase from payment by the advisor | — | — | — | — | |||
Net change in unrealized appreciation (depreciation) | (58,967,006) | 71,094,267 | (249,580) | 60,843,085 | |||
Net increase (decrease) in net assets resulting from operations | 87,560,057 | 368,423,557 | 26,881,156 | 111,974,106 | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations | (19,607,938) | (29,861,800) | (13,259,196) | (18,794,700) | |||
Return of capital | — | — | — | (6,052,472) | |||
Total distributions to shareholders | (19,607,938) | (29,861,800) | (13,259,196) | (24,847,172) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold | 439,808,673 | 784,387,981 | 20,807,729 | 9,259,907 | |||
Cost of shares redeemed | (273,253,445) | (754,460,022) | (23,324,967) | (66,909,068) | |||
Net increase (decrease) in net assets resulting from shareholder transactions | 166,555,228 | 29,927,959 | (2,517,238) | (57,649,161) | |||
Total increase (decrease) in net assets | 234,507,347 | 368,489,716 | 11,104,722 | 29,477,773 | |||
NET ASSETS: | |||||||
Beginning of period | 1,613,767,129 | 1,245,277,413 | 470,203,430 | 440,725,657 | |||
End of period | $1,848,274,476 | $1,613,767,129 | $481,308,152 | $470,203,430 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period | 28,605,000 | 28,405,000 | 28,750,002 | 32,600,002 | |||
Shares sold | 7,400,000 | 14,150,000 | 1,250,000 | 550,000 | |||
Shares redeemed | (4,600,000) | (13,950,000) | (1,400,000) | (4,400,000) | |||
Shares outstanding, end of period | 31,405,000 | 28,605,000 | 28,600,002 | 28,750,002 |
First Trust S&P International Dividend Aristocrats ETF (FID) | First Trust BuyWrite Income ETF (FTHI) | First Trust Hedged BuyWrite Income ETF (FTLB) | ||||||||
Six Months Ended 3/31/2022 (Unaudited) | Year Ended 9/30/2021 | Six Months Ended 3/31/2022 (Unaudited) | Year Ended 9/30/2021 | Six Months Ended 3/31/2022 (Unaudited) | Year Ended 9/30/2021 | |||||
$ 706,474 | $ 1,333,244 | $ 223,860 | $ 709,991 | $ 45,318 | $ 82,731 | |||||
(6,435) | 140,357 | 152,049 | 8,266,105 | 90,597 | 367,409 | |||||
— | — | — | — | — | — | |||||
255,478 | 4,299,027 | 4,048,231 | 250,450 | 834,866 | 267,151 | |||||
955,517 | 5,772,628 | 4,424,140 | 9,226,546 | 970,781 | 717,291 | |||||
(676,011) | (1,317,871) | (1,333,004) | (2,535,233) | (159,501) | (228,251) | |||||
— | — | — | — | — | — | |||||
(676,011) | (1,317,871) | (1,333,004) | (2,535,233) | (159,501) | (228,251) | |||||
12,309,419 | 19,294,526 | — | 18,094,504 | 5,499,004 | 7,205,917 | |||||
— | — | (2,232,301) | (37,943,500) | (1,114,168) | (2,974,588) | |||||
12,309,419 | 19,294,526 | (2,232,301) | (19,848,996) | 4,384,836 | 4,231,329 | |||||
12,588,925 | 23,749,283 | 858,835 | (13,157,683) | 5,196,116 | 4,720,369 | |||||
42,139,326 | 18,390,043 | 46,575,076 | 59,732,759 | 9,526,934 | 4,806,565 | |||||
$54,728,251 | $42,139,326 | $47,433,911 | $46,575,076 | $14,723,050 | $9,526,934 | |||||
2,400,002 | 1,300,002 | 2,174,201 | 3,124,201 | 450,002 | 250,002 | |||||
700,000 | 1,100,000 | — | 900,000 | 250,000 | 350,000 | |||||
— | — | (100,000) | (1,850,000) | (50,000) | (150,000) | |||||
3,100,002 | 2,400,002 | 2,074,201 | 2,174,201 | 650,002 | 450,002 |
First Trust Rising Dividend Achievers ETF (RDVY) | First Trust Dorsey Wright Focus 5 ETF (FV) | ||||||
Six Months Ended 3/31/2022 (Unaudited) | Year Ended 9/30/2021 | Six Months Ended 3/31/2022 (Unaudited) | Year Ended 9/30/2021 | ||||
OPERATIONS: | |||||||
Net investment income (loss) | $ 56,010,395 | $ 47,447,030 | $ 6,685,669 | $ 899,652 | |||
Net realized gain (loss) | 261,707,201 | 284,110,410 | 710,765,931 | 406,561,570 | |||
Net increase from payment by the advisor | — | — | — | — | |||
Net change in unrealized appreciation (depreciation) | (189,867,407) | 428,357,284 | (619,087,557) | 276,499,831 | |||
Net increase (decrease) in net assets resulting from operations | 127,850,189 | 759,914,724 | 98,364,043 | 683,961,053 | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations | (56,222,591) | (44,959,526) | (7,035,520) | (1,159,345) | |||
Return of capital | — | — | — | — | |||
Total distributions to shareholders | (56,222,591) | (44,959,526) | (7,035,520) | (1,159,345) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold | 5,405,952,796 | 5,044,833,796 | 1,963,517,435 | 650,797,839 | |||
Cost of shares redeemed | (1,481,290,961) | (1,312,230,974) | (1,899,483,153) | (686,904,053) | |||
Net increase (decrease) in net assets resulting from shareholder transactions | 3,924,661,835 | 3,732,602,822 | 64,034,282 | (36,106,214) | |||
Total increase (decrease) in net assets | 3,996,289,433 | 4,447,558,020 | 155,362,805 | 646,695,494 | |||
NET ASSETS: | |||||||
Beginning of period | 5,739,655,239 | 1,292,097,219 | 2,694,187,168 | 2,047,491,674 | |||
End of period | $9,735,944,672 | $5,739,655,239 | $2,849,549,973 | $2,694,187,168 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period | 120,900,002 | 39,550,002 | 58,850,002 | 60,050,002 | |||
Shares sold | 107,650,000 | 111,000,000 | 41,150,000 | 14,950,000 | |||
Shares redeemed | (29,650,000) | (29,650,000) | (40,300,000) | (16,150,000) | |||
Shares outstanding, end of period | 198,900,002 | 120,900,002 | 59,700,002 | 58,850,002 |
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) | ||||||||
Six Months Ended 3/31/2022 (Unaudited) | Year Ended 9/30/2021 | Six Months Ended 3/31/2022 (Unaudited) | Year Ended 9/30/2021 | Six Months Ended 3/31/2022 (Unaudited) | Year Ended 9/30/2021 | |||||
$ 77,118 | $ 102,277 | $ 885,080 | $ 926,527 | $ 2,707,180 | $ 2,372,763 | |||||
10,061,509 | 22,206,086 | 2,091,432 | 12,028,581 | 5,869,396 | 39,219,683 | |||||
— | — | — | — | — | — | |||||
(4,346,357) | 9,760,455 | 1,745,949 | (91,117) | (22,911,333) | 6,817,205 | |||||
5,792,270 | 32,068,818 | 4,722,461 | 12,863,991 | (14,334,757) | 48,409,651 | |||||
(104,400) | (68,330) | (789,821) | (903,831) | (2,753,111) | (2,584,930) | |||||
— | — | — | — | — | — | |||||
(104,400) | (68,330) | (789,821) | (903,831) | (2,753,111) | (2,584,930) | |||||
48,110,195 | 204,119,512 | 44,488,738 | 58,983,424 | — | 29,789,512 | |||||
(56,636,704) | (63,084,042) | (13,535,543) | (61,564,516) | (52,210,711) | (29,096,455) | |||||
(8,526,509) | 141,035,470 | 30,953,195 | (2,581,092) | (52,210,711) | 693,057 | |||||
(2,838,639) | 173,035,958 | 34,885,835 | 9,379,068 | (69,298,579) | 46,517,778 | |||||
220,549,282 | 47,513,324 | 38,863,425 | 29,484,357 | 264,969,890 | 218,452,112 | |||||
$217,710,643 | $220,549,282 | $73,749,260 | $38,863,425 | $195,671,311 | $264,969,890 | |||||
5,400,002 | 1,850,002 | 1,250,002 | 1,400,002 | 11,650,002 | 11,600,002 | |||||
1,100,000 | 5,150,000 | 1,350,000 | 2,050,000 | — | 1,350,000 | |||||
(1,350,000) | (1,600,000) | (400,000) | (2,200,000) | (2,300,000) | (1,300,000) | |||||
5,150,002 | 5,400,002 | 2,200,002 | 1,250,002 | 9,350,002 | 11,650,002 |
First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) | First Trust Indxx Innovative Transaction & Process ETF (LEGR) | ||||||
Six Months Ended 3/31/2022 (Unaudited) | Year Ended 9/30/2021 | Six Months Ended 3/31/2022 (Unaudited) | Year Ended 9/30/2021 | ||||
OPERATIONS: | |||||||
Net investment income (loss) | $ 505,585 | $ 44,628 | $ 1,595,371 | $ 1,528,329 | |||
Net realized gain (loss) | 38,071,948 | 33,942,853 | (45,976) | 2,447,567 | |||
Net increase from payment by the advisor | — | — | — | — | |||
Net change in unrealized appreciation (depreciation) | (30,440,722) | 31,031,603 | (7,890,463) | 13,738,762 | |||
Net increase (decrease) in net assets resulting from operations | 8,136,811 | 65,019,084 | (6,341,068) | 17,714,658 | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations | (534,005) | (67,710) | (1,324,016) | (1,414,166) | |||
Return of capital | — | — | — | — | |||
Total distributions to shareholders | (534,005) | (67,710) | (1,324,016) | (1,414,166) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold | 140,890,269 | 49,813,076 | 23,903,019 | 73,931,252 | |||
Cost of shares redeemed | (144,924,913) | (125,909,677) | — | — | |||
Net increase (decrease) in net assets resulting from shareholder transactions | (4,034,644) | (76,096,601) | 23,903,019 | 73,931,252 | |||
Total increase (decrease) in net assets | 3,568,162 | (11,145,227) | 16,237,935 | 90,231,744 | |||
NET ASSETS: | |||||||
Beginning of period | 212,608,772 | 223,753,999 | 132,512,050 | 42,280,306 | |||
End of period | $216,176,934 | $212,608,772 | $148,749,985 | $132,512,050 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period | 6,050,002 | 8,550,002 | 3,150,002 | 1,350,002 | |||
Shares sold | 3,850,000 | 1,500,000 | 550,000 | 1,800,000 | |||
Shares redeemed | (4,000,000) | (4,000,000) | — | — | |||
Shares outstanding, end of period | 5,900,002 | 6,050,002 | 3,700,002 | 3,150,002 |
(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 International Developed Capital Strength ETF (FICS) | |||||
Six Months Ended 3/31/2022 (Unaudited) | Year Ended 9/30/2021 | Six Months Ended 3/31/2022 (Unaudited) | Period Ended 9/30/2021 (a) | |||
$ 135,121 | $ 225,235 | $ 176,486 | $ 43,782 | |||
7,295,594 | 33,190,276 | 120,294 | 177,073 | |||
1,987 | — | — | — | |||
(42,591,596) | 14,737,527 | (1,004,847) | (13,221) | |||
(35,158,894) | 48,153,038 | (708,067) | 207,634 | |||
(27,810) | (333,100) | (125,610) | (39,101) | |||
— | — | — | — | |||
(27,810) | (333,100) | (125,610) | (39,101) | |||
54,079,051 | 178,221,700 | 30,251,708 | 11,708,531 | |||
(42,282,783) | (80,098,259) | (3,488,855) | (1,664,041) | |||
11,796,268 | 98,123,441 | 26,762,853 | 10,044,490 | |||
(23,390,436) | 145,943,379 | 25,929,176 | 10,213,023 | |||
266,492,021 | 120,548,642 | 10,213,023 | — | |||
$243,101,585 | $ 266,492,021 | $ 36,142,199 | $ 10,213,023 | |||
5,000,002 | 3,100,002 | 300,002 | — | |||
1,000,000 | 3,400,000 | 900,000 | 350,002 | |||
(850,000) | (1,500,000) | (100,000) | (50,000) | |||
5,150,002 | 5,000,002 | 1,100,002 | 300,002 |
Six Months Ended 3/31/2022 (Unaudited) | Year Ended September 30, | |||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | ||||||||
Net asset value, beginning of period | $ 56.42 | $ 43.84 | $ 40.09 | $ 38.38 | $ 32.39 | $ 29.33 | ||||||
Income from investment operations: | ||||||||||||
Net investment income (loss) | 0.62 | 1.10 | 0.93 | 0.97 | 0.96 | 0.80 | ||||||
Net realized and unrealized gain (loss) | 2.47 | 12.55 | 3.77 | 1.71 | 5.90 | 3.01 | ||||||
Total from investment operations | 3.09 | 13.65 | 4.70 | 2.68 | 6.86 | 3.81 | ||||||
Distributions paid to shareholders from: | ||||||||||||
Net investment income | (0.66) | (1.07) | (0.95) | (0.97) | (0.87) | (0.75) | ||||||
Net asset value, end of period | $58.85 | $56.42 | $43.84 | $40.09 | $38.38 | $32.39 | ||||||
Total return (a) | 5.43% | 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) | $ 1,848,274 | $ 1,613,767 | $ 1,245,277 | $ 1,010,557 | $ 948,172 | $ 717,616 | ||||||
Ratio of total expenses to average net assets | 0.50% (b) | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Ratio of net investment income (loss) to average net assets | 2.12% (b) | 2.08% | 2.28% | 2.59% | 2.70% | 2.64% | ||||||
Portfolio turnover rate (c) | 14% | 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) | Annualized. |
(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. |
Six Months Ended 3/31/2022 (Unaudited) | Year Ended September 30, | |||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | ||||||||
Net asset value, beginning of period | $ 16.35 | $ 13.52 | $ 18.43 | $ 18.54 | $ 19.22 | $ 18.89 | ||||||
Income from investment operations: | ||||||||||||
Net investment income (loss) | 0.44 | 0.49 | 0.57 | 0.83 | 0.87 | 0.81 | ||||||
Net realized and unrealized gain (loss) | 0.51 | 3.18 | (4.52) | 0.18 | (0.36) | 0.59 | ||||||
Total from investment operations | 0.95 | 3.67 | (3.95) | 1.01 | 0.51 | 1.40 | ||||||
Distributions paid to shareholders from: | ||||||||||||
Net investment income | (0.47) | (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 | (0.47) | (0.84) | (0.96) | (1.12) | (1.19) | (1.07) | ||||||
Net asset value, end of period | $16.83 | $16.35 | $13.52 | $18.43 | $18.54 | $19.22 | ||||||
Total return (a) | 5.84% | 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) | $ 481,308 | $ 470,203 | $ 440,726 | $ 715,985 | $ 683,960 | $ 850,403 | ||||||
Ratio of total expenses to average net assets (b) | 0.60% (c) | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% | ||||||
Ratio of net expenses to average net assets | 0.48% (c) | 0.48% | 0.47% | 0.48% | 0.48% | 0.48% | ||||||
Ratio of net investment income (loss) to average net assets (b) | 5.26% (c) | 3.03% | 3.86% | 4.58% | 4.62% | 4.25% | ||||||
Portfolio turnover rate (d) | 40% | 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) | 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. |
Six Months Ended 3/31/2022 (Unaudited) | Year Ended September 30, | |||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | ||||||||
Net asset value, beginning of period | $ 17.56 | $ 14.15 | $ 17.11 | $ 17.19 | $ 18.52 | $ 17.28 | ||||||
Income from investment operations: | ||||||||||||
Net investment income (loss) | 0.27 | 0.62 | 0.64 | 0.63 | 0.85 | 0.77 | ||||||
Net realized and unrealized gain (loss) | 0.09 | 3.43 | (2.93) | (0.08) | (1.26) | 1.39 | ||||||
Total from investment operations | 0.36 | 4.05 | (2.29) | 0.55 | (0.41) | 2.16 | ||||||
Distributions paid to shareholders from: | ||||||||||||
Net investment income | (0.27) | (0.64) | (0.67) | (0.63) | (0.92) | (0.92) | ||||||
Net asset value, end of period | $17.65 | $17.56 | $14.15 | $17.11 | $17.19 | $18.52 | ||||||
Total return (a) | 2.04% | 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) | $ 54,728 | $ 42,139 | $ 18,390 | $ 19,678 | $ 13,753 | $ 12,038 | ||||||
Ratio of total expenses to average net assets | 0.60% (b) | 0.60% | 0.60% | 0.60% | 0.69% (c) | 0.70% | ||||||
Ratio of net investment income (loss) to average net assets | 3.09% (b) | 4.10% | 4.03% | 4.01% | 4.70% | 4.36% | ||||||
Portfolio turnover rate (d) | 40% | 57% | 81% | 44% | 196% (e) | 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) | Annualized. |
(c) | 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. |
(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. |
(e) | 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. |
Six Months Ended 3/31/2022 (Unaudited) | Year Ended September 30, | |||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | ||||||||
Net asset value, beginning of period | $ 21.42 | $ 19.12 | $ 22.43 | $ 23.28 | $ 22.54 | $ 20.57 | ||||||
Income from investment operations: | ||||||||||||
Net investment income (loss) | 0.08 | 0.12 | 0.23 | 0.40 | 0.35 | 0.30 | ||||||
Net realized and unrealized gain (loss) | 1.99 | 3.14 | (2.58) | (0.29) | 1.35 | 2.60 | ||||||
Total from investment operations | 2.07 | 3.26 | (2.35) | 0.11 | 1.70 | 2.90 | ||||||
Distributions paid to shareholders from: | ||||||||||||
Net investment income | (0.62) | (0.96) | (0.23) | (0.86) | (0.96) | (0.13) | ||||||
Return of capital | — | — | (0.73) | (0.10) | — | (0.80) | ||||||
Total distributions | (0.62) | (0.96) | (0.96) | (0.96) | (0.96) | (0.93) | ||||||
Net asset value, end of period | $22.87 | $21.42 | $19.12 | $22.43 | $23.28 | $22.54 | ||||||
Total return (a) | 9.84% | 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) | $ 47,434 | $ 46,575 | $ 59,733 | $ 80,155 | $ 66,898 | $ 52,385 | ||||||
Ratio of total expenses to average net assets | 0.85% (b) | 0.85% | 0.85% | 0.85% | 0.85% | 0.87% (c) | ||||||
Ratio of net investment income (loss) to average net assets | 0.94% (b) | 1.29% | 1.10% | 1.43% | 1.34% | 1.43% | ||||||
Portfolio turnover rate (d) | 19% | 199% | 210% | 209% | 239% | 315% (e) |
(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) | Annualized. |
(c) | Includes reorganization fees. If this reorganization fee was not included, the expense ratio would have been 0.85%. |
(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. |
(e) | 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. |
Six Months Ended 3/31/2022 (Unaudited) | Year Ended September 30, | |||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | ||||||||
Net asset value, beginning of period | $ 21.17 | $ 19.23 | $ 22.30 | $ 22.92 | $ 22.27 | $ 20.38 | ||||||
Income from investment operations: | ||||||||||||
Net investment income (loss) | 0.16 | 0.34 | 0.21 | 0.27 | 0.40 | 0.38 | ||||||
Net realized and unrealized gain (loss) | 1.65 | 2.26 | (2.62) | (0.23) | 0.91 | 2.14 | ||||||
Total from investment operations | 1.81 | 2.60 | (2.41) | 0.04 | 1.31 | 2.52 | ||||||
Distributions paid to shareholders from: | ||||||||||||
Net investment income | (0.33) | (0.66) | (0.21) | (0.58) | (0.66) | (0.63) | ||||||
Return of capital | — | — | (0.45) | (0.08) | — | — | ||||||
Total distributions | (0.33) | (0.66) | (0.66) | (0.66) | (0.66) | (0.63) | ||||||
Net asset value, end of period | $22.65 | $21.17 | $19.23 | $22.30 | $22.92 | $22.27 | ||||||
Total return (a) | 8.67% | 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) | $ 14,723 | $ 9,527 | $ 4,807 | $ 8,919 | $ 13,751 | $ 7,794 | ||||||
Ratio of total expenses to average net assets | 0.85% (b) | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% | ||||||
Ratio of net investment income (loss) to average net assets | 0.88% (b) | 1.16% | 0.96% | 1.40% | 1.32% | 1.45% | ||||||
Portfolio turnover rate (c) | 20% | 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) | Annualized. |
(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. |
Six Months Ended 3/31/2022 (Unaudited) | Year Ended September 30, | |||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | ||||||||
Net asset value, beginning of period | $ 47.47 | $ 32.67 | $ 31.82 | $ 31.54 | $ 27.84 | $ 22.12 | ||||||
Income from investment operations: | ||||||||||||
Net investment income (loss) | 0.32 | 0.59 | 0.58 | 0.54 | 0.41 | 0.34 | ||||||
Net realized and unrealized gain (loss) | 1.49 | 14.79 | 0.86 | 0.27 | 3.68 | 5.73 | ||||||
Total from investment operations | 1.81 | 15.38 | 1.44 | 0.81 | 4.09 | 6.07 | ||||||
Distributions paid to shareholders from: | ||||||||||||
Net investment income | (0.33) | (0.58) | (0.59) | (0.53) | (0.39) | (0.35) | ||||||
Net asset value, end of period | $48.95 | $47.47 | $32.67 | $31.82 | $31.54 | $27.84 | ||||||
Total return (a) | 3.78% | 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) | $ 9,735,945 | $ 5,739,655 | $ 1,292,097 | $ 832,156 | $ 690,709 | $ 271,405 | ||||||
Ratio of total expenses to average net assets | 0.50% (b) | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | ||||||
Ratio of net investment income (loss) to average net assets | 1.41% (b) | 1.43% | 1.89% | 1.85% | 1.50% | 1.60% | ||||||
Portfolio turnover rate (c) | 53% | 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) | Annualized. |
(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. |
Six Months Ended 3/31/2022 (Unaudited) | Year Ended September 30, | |||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | ||||||||
Net asset value, beginning of period | $ 45.78 | $ 34.10 | $ 29.63 | $ 30.93 | $ 26.17 | $ 22.91 | ||||||
Income from investment operations: | ||||||||||||
Net investment income (loss) | 0.11 | 0.02 | 0.09 | 0.11 | 0.09 | 0.21 | ||||||
Net realized and unrealized gain (loss) | 1.96 | 11.68 | 4.49 | (1.31) | 4.83 | 3.25 | ||||||
Total from investment operations | 2.07 | 11.70 | 4.58 | (1.20) | 4.92 | 3.46 | ||||||
Distributions paid to shareholders from: | ||||||||||||
Net investment income | (0.12) | (0.02) | (0.11) | (0.10) | (0.16) | (0.20) | ||||||
Net asset value, end of period | $47.73 | $45.78 | $34.10 | $29.63 | $30.93 | $26.17 | ||||||
Total return (a) | 4.52% | 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) | $ 2,849,550 | $ 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% (c) | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | ||||||
Ratio of net investment income (loss) to average net assets | 0.47% (c) | 0.04% | 0.30% | 0.34% | 0.30% | 0.74% | ||||||
Portfolio turnover rate (d) | 60% | 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) | 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. |
Six Months Ended 3/31/2022 (Unaudited) | Year Ended September 30, | |||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | ||||||||
Net asset value, beginning of period | $ 40.84 | $ 25.68 | $ 26.76 | $ 27.93 | $ 26.04 | $ 20.49 | ||||||
Income from investment operations: | ||||||||||||
Net investment income (loss) | 0.02 | 0.03 | (0.03) | 0.10 (a) | 0.09 | 0.08 (a) | ||||||
Net realized and unrealized gain (loss) | 1.43 | 15.16 | (0.98) | (1.21) | 1.88 | 5.53 | ||||||
Total from investment operations | 1.45 | 15.19 | (1.01) | (1.11) | 1.97 | 5.61 | ||||||
Distributions paid to shareholders from: | ||||||||||||
Net investment income | (0.02) | (0.03) | (0.07) | (0.06) | (0.08) | (0.06) | ||||||
Net asset value, end of period | $42.27 | $40.84 | $25.68 | $26.76 | $27.93 | $26.04 | ||||||
Total return (b) | 3.54% | 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) | $ 217,711 | $ 220,549 | $ 47,513 | $ 66,900 | $ 195,500 | $ 169,282 | ||||||
Ratio of total expenses to average net assets | 0.70% (c) | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% | ||||||
Ratio of net investment income (loss) to average net assets | 0.06% (c) | 0.07% | (0.18)% | 0.40% | 0.32% | 0.33% | ||||||
Portfolio turnover rate (d) | 18% | 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) | 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. |
Six Months Ended 3/31/2022 (Unaudited) | Year Ended September 30, | |||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | ||||||||
Net asset value, beginning of period | $ 31.09 | $ 21.06 | $ 26.07 | $ 25.15 | $ 24.54 | $ 22.11 | ||||||
Income from investment operations: | ||||||||||||
Net investment income (loss) | 0.44 | 0.73 | 0.68 | 0.78 | 0.65 | 0.60 | ||||||
Net realized and unrealized gain (loss) | 2.44 | 10.01 | (4.95) | 0.86 | 0.59 | 2.44 | ||||||
Total from investment operations | 2.88 | 10.74 | (4.27) | 1.64 | 1.24 | 3.04 | ||||||
Distributions paid to shareholders from: | ||||||||||||
Net investment income | (0.45) | (0.71) | (0.74) | (0.72) | (0.63) | (0.61) | ||||||
Net asset value, end of period | $33.52 | $31.09 | $21.06 | $26.07 | $25.15 | $24.54 | ||||||
Total return (a) | 9.26% | 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) | $ 73,749 | $ 38,863 | $ 29,484 | $ 44,313 | $ 37,727 | $ 28,221 | ||||||
Ratio of total expenses to average net assets | 0.60% (b) | 0.60% | 0.60% | 0.60% | 0.69% (c) | 0.70% | ||||||
Ratio of net investment income (loss) to average net assets | 3.10% (b) | 2.54% | 2.81% | 3.50% | 2.79% | 2.61% | ||||||
Portfolio turnover rate (d) | 74% | 186% | 193% | 160% | 297% (e) | 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) | Annualized. |
(c) | 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. |
(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. |
(e) | 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. |
Six Months Ended 3/31/2022 (Unaudited) | Year Ended September 30, | |||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | ||||||||
Net asset value, beginning of period | $ 22.74 | $ 18.83 | $ 19.07 | $ 20.33 | $ 21.35 | $ 17.55 | ||||||
Income from investment operations: | ||||||||||||
Net investment income (loss) | 0.29 | 0.20 | 0.56 | 0.37 | 0.33 | 0.25 | ||||||
Net realized and unrealized gain (loss) | (1.81) | 3.93 | (0.23) | (1.26) | (0.93) | 3.73 | ||||||
Total from investment operations | (1.52) | 4.13 | 0.33 | (0.89) | (0.60) | 3.98 | ||||||
Distributions paid to shareholders from: | ||||||||||||
Net investment income | (0.29) | (0.22) | (0.57) | (0.35) | (0.42) | (0.18) | ||||||
Return of capital | — | — | — | (0.02) | — | — | ||||||
Total distributions | (0.29) | (0.22) | (0.57) | (0.37) | (0.42) | (0.18) | ||||||
Net asset value, end of period | $20.93 | $22.74 | $18.83 | $19.07 | $20.33 | $21.35 | ||||||
Total return (a) | (6.76)% | 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) | $ 195,671 | $ 264,970 | $ 218,452 | $ 453,757 | $ 774,665 | $ 794,132 | ||||||
Ratio of total expenses to average net assets (b) | 0.30% (c) | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | ||||||
Ratio of net investment income (loss) to average net assets | 2.33% (c) | 0.87% | 3.19% | 1.89% | 1.57% | 1.59% | ||||||
Portfolio turnover rate (d) | 61% | 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) | 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. |
Six Months Ended 3/31/2022 (Unaudited) | Year Ended September 30, | |||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | ||||||||
Net asset value, beginning of period | $ 35.14 | $ 26.17 | $ 26.45 | $ 28.80 | $ 24.36 | $ 21.32 | ||||||
Income from investment operations: | ||||||||||||
Net investment income (loss) | 0.09 | 0.01 | 0.13 | 0.22 | 0.08 | 0.17 | ||||||
Net realized and unrealized gain (loss) | 1.50 | 8.97 | (0.25) | (2.37) | 4.51 | 3.04 | ||||||
Total from investment operations | 1.59 | 8.98 | (0.12) | (2.15) | 4.59 | 3.21 | ||||||
Distributions paid to shareholders from: | ||||||||||||
Net investment income | (0.09) | (0.01) | (0.16) | (0.20) | (0.15) | (0.16) | ||||||
Net realized gain | — | — | — | — | — | (0.01) | ||||||
Total distributions | (0.09) | (0.01) | (0.16) | (0.20) | (0.15) | (0.17) | ||||||
Net asset value, end of period | $36.64 | $35.14 | $26.17 | $26.45 | $28.80 | $24.36 | ||||||
Total return (a) | 4.52% | 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) | $ 216,177 | $ 212,609 | $ 223,754 | $ 468,253 | $ 620,537 | $ 328,881 | ||||||
Ratio of total expenses to average net assets (b) | 0.30% (c) | 0.30% | 0.30% | 0.30% | 0.30% | 0.30% | ||||||
Ratio of net investment income (loss) to average net assets | 0.46% (c) | 0.02% | 0.54% | 0.79% | 0.32% | 0.80% | ||||||
Portfolio turnover rate (d) | 60% | 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) | 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. |
Six Months Ended 3/31/2022 (Unaudited) | Year Ended September 30, | Period Ended 9/30/2018 (a) | ||||||||
2021 | 2020 | 2019 | ||||||||
Net asset value, beginning of period | $ 42.07 | $ 31.32 | $ 29.32 | $ 30.31 | $ 29.99 | |||||
Income from investment operations: | ||||||||||
Net investment income (loss) | 0.45 | 0.61 | 0.35 | 0.59 | 0.26 | |||||
Net realized and unrealized gain (loss) | (1.94) | 10.70 | 2.02 | (0.93) | 0.29 | |||||
Total from investment operations | (1.49) | 11.31 | 2.37 | (0.34) | 0.55 | |||||
Distributions paid to shareholders from: | ||||||||||
Net investment income | (0.38) | (0.56) | (0.37) | (0.65) | (0.23) | |||||
Net asset value, end of period | $40.20 | $42.07 | $31.32 | $29.32 | $30.31 | |||||
Total return (b) | (3.57)% | 36.13% | 8.13% | (1.08)% | 1.87% | |||||
Ratios to average net assets/supplemental data: | ||||||||||
Net assets, end of period (in 000’s) | $ 148,750 | $ 132,512 | $ 42,280 | $ 41,048 | $ 50,017 | |||||
Ratio of total expenses to average net assets | 0.65% (c) | 0.65% | 0.65% | 0.65% | 0.65% (c) | |||||
Ratio of net investment income (loss) to average net assets | 2.20% (c) | 1.84% | 1.12% | 1.95% | 1.63% (c) | |||||
Portfolio turnover rate (d) | 13% | 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. |
Six Months Ended 3/31/2022 (Unaudited) | Year Ended September 30, | Period Ended 9/30/2018 (a) | ||||||||
2021 | 2020 | 2019 | ||||||||
Net asset value, beginning of period | $ 53.30 | $ 38.89 | $ 31.51 | $ 32.23 | $ 29.91 | |||||
Income from investment operations: | ||||||||||
Net investment income (loss) | 0.03 | 0.05 | 0.04 | 0.17 | 0.12 | |||||
Net realized and unrealized gain (loss) | (6.12) (b) | 14.44 | 7.39 | (0.75) | 2.31 | |||||
Total from investment operations | (6.09) | 14.49 | 7.43 | (0.58) | 2.43 | |||||
Distributions paid to shareholders from: | ||||||||||
Net investment income | (0.01) | (0.08) | (0.05) | (0.14) | (0.11) | |||||
Net asset value, end of period | $47.20 | $53.30 | $38.89 | $31.51 | $32.23 | |||||
Total return (c) | (11.43)% (b) | 37.27% | 23.60% | (1.81)% | 8.15% | |||||
Ratios to average net assets/supplemental data: | ||||||||||
Net assets, end of period (in 000’s) | $ 243,102 | $ 266,492 | $ 120,549 | $ 61,443 | $ 32,226 | |||||
Ratio of total expenses to average net assets | 0.65% (d) | 0.65% | 0.65% | 0.65% | 0.65% (d) | |||||
Ratio of net investment income (loss) to average net assets | 0.10% (d) | 0.10% | 0.15% | 0.68% | 0.62% (d) | |||||
Portfolio turnover rate (e) | 19% | 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) | The Fund received a reimbursement from the advisor in the amount of $1,987 in connection with a trade error, which represents less than $0.01 per share. Since the advisor reimbursed the Fund, there was no effect on the Fund’s total return. |
(c) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(d) | Annualized. |
(e) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Six Months Ended 3/31/2022 (Unaudited) | Period Ended 9/30/2021 (a) | ||
Net asset value, beginning of period | $ 34.04 | $ 30.09 | |
Income from investment operations: | |||
Net investment income (loss) | 0.21 | 0.36 | |
Net realized and unrealized gain (loss) | (1.20) | 3.93 | |
Total from investment operations | (0.99) | 4.29 | |
Distributions paid to shareholders from: | |||
Net investment income | (0.19) | (0.34) | |
Net asset value, end of period | $32.86 | $34.04 | |
Total return (b) | (2.95)% | 14.25% | |
Ratios to average net assets/supplemental data: | |||
Net assets, end of period (in 000’s) | $ 36,142 | $ 10,213 | |
Ratio of total expenses to average net assets | 0.70% (c) | 0.70% (c) | |
Ratio of net investment income (loss) to average net assets | 1.76% (c) | 1.29% (c) | |
Portfolio turnover rate (d) | 18% | 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 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. |
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 First Trust Indxx Innovative Transaction & Process ETF First Trust Nasdaq Artificial Intelligence and Robotics ETF First Trust International Developed Capital Strength ETF | Nasdaq Technology Dividend IndexTM Nasdaq US Multi-Asset Diversified Income IndexSM S&P International Dividend Aristocrats Index Nasdaq US Rising Dividend AchieversTM Index Dorsey Wright Focus FiveTM Index Richard Bernstein Advisors American Industrial Renaissance® Index Dorsey Wright Momentum Plus Dividend YieldTM Index Dorsey Wright International Focus FiveTM Index Dorsey Wright Dynamic Focus FiveTM Index Indxx Blockchain Index Nasdaq CTA Artificial Intelligence and Robotics IndexSM The International Developed Capital Strength IndexSM |
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 3/31/2022 | Value at 9/30/2021 | Purchases | Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value at 3/31/2022 | Dividend Income |
First Trust Tactical High Yield ETF | 2,043,059 | $ 94,677,062 | $ 9,663,479 | $ (6,220,429) | $ (4,518,690) | $ (111,042) | $ 93,490,380 | $ 2,692,114 |
Security Name | Shares at 3/31/2022 | Value at 9/30/2021 | Purchases | Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value at 3/31/2022 | Dividend Income | ||||||
First Trust Consumer Discretionary AlphaDEX® Fund | 10,293,179 | $ 552,125,467 | $ 370,557,443 | $ (316,197,043) | $ (47,594,186) | $ 1,880,711 | $ 560,772,392 | $ 2,332,656 | ||||||
First Trust Energy AlphaDEX® Fund | 35,173,944 | — | 551,071,586 | (6,024,294) | 15,694,162 | (420,526) | 560,320,928 | 1,680,599 | ||||||
First Trust Industrials/Producer Durables AlphaDEX® Fund | 10,025,432 | 552,378,296 | 382,496,065 | (360,217,780) | (8,090,793) | 71,629 | 566,637,417 | 1,997,646 | ||||||
First Trust Materials AlphaDEX® Fund | 8,439,993 | — | 576,893,050 | (6,596,504) | 34,405,900 | (145,748) | 604,556,698 | 783,789 | ||||||
First Trust Nasdaq Oil & Gas ETF | 20,954,117 | — | 948,714,128 | (554,716,420) | 126,690,292 | 34,386,559 | 555,074,559 | 2,880,655 | ||||||
First Trust Nasdaq Transportation ETF | — | 513,660,400 | 362,824,428 | (857,633,271) | (111,437,490) | 92,585,933 | — | 1,240,830 | ||||||
First Trust NASDAQ-100-Technology Sector Index Fund | — | 545,036,466 | 347,535,180 | (816,886,894) | (340,249,141) | 264,564,389 | — | 41,431 | ||||||
First Trust Technology AlphaDEX® Fund | — | 528,789,844 | 126,483,451 | (684,609,978) | (288,506,301) | 317,842,984 | — | — | ||||||
$2,691,990,473 | $3,666,575,331 | $(3,602,882,184) | $(619,087,557) | $710,765,931 | $2,847,361,994 | $10,957,606 |
Security Name | Shares at 3/31/2022 | Value at 9/30/2021 | Purchases | Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value at 3/31/2022 | Dividend Income | ||||||
First Trust BICK Index Fund | — | $52,406,007 | $— | $ (54,637,984) | $ (6,305,717) | $8,537,694 | $— | $— | ||||||
First Trust Dow Jones Global Select Dividend Index Fund | 1,532,516 | — | 39,683,296 | (833,031) | (15,325) | (985) | 38,833,955 | 151,259 | ||||||
First Trust Eurozone AlphaDEX® ETF | — | — | 54,095,628 | (48,158,214) | — | (5,937,414) | — | 280,215 | ||||||
First Trust Germany AlphaDEX® Fund | — | 52,146,239 | 1,776,695 | (46,009,598) | (6,627,154) | (1,286,182) | — | 146,489 | ||||||
First Trust India NIFTY 50 Equal Weight ETF | 813,649 | 57,888,541 | — | (17,646,172) | (5,765,097) | 2,381,028 | 36,858,300 | 1,512,647 | ||||||
First Trust Latin America AlphaDEX® Fund | 2,059,119 | — | 41,751,001 | (878,258) | 1,853,207 | 769 | 42,726,719 | 31,505 | ||||||
First Trust Switzerland AlphaDEX® Fund | 613,006 | 50,668,510 | 1,607,980 | (12,594,094) | (3,202,281) | 2,838,090 | 39,318,205 | 240,132 | ||||||
First Trust United Kingdom AlphaDEX® Fund | 986,866 | 51,626,570 | 1,840,298 | (11,930,351) | (2,848,966) | (663,604) | 38,023,947 | 690,946 | ||||||
$264,735,867 | $140,754,898 | $(192,687,702) | $(22,911,333) | $5,869,396 | $195,761,126 | $3,053,193 |
Security Name | Shares at 3/31/2022 | Value at 9/30/2021 | Purchases | Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value at 3/31/2022 | Dividend Income | ||||||
First Trust Consumer Discretionary AlphaDEX® Fund | 780,699 | $43,565,016 | $26,499,820 | $ (24,094,124) | $ (3,800,884) | $362,654 | $42,532,482 | $178,597 | ||||||
First Trust Energy AlphaDEX® Fund | 2,667,814 | — | 41,781,294 | (451,670) | 1,200,516 | (31,863) | 42,498,277 | 127,788 | ||||||
First Trust Industrials/Producer Durables AlphaDEX® Fund | 760,391 | 43,584,937 | 27,388,832 | (27,480,620) | (727,939) | 212,089 | 42,977,299 | 152,672 | ||||||
First Trust Materials AlphaDEX® Fund | 640,142 | — | 43,709,021 | (500,753) | 2,650,188 | (5,085) | 45,853,371 | 59,597 | ||||||
First Trust Nasdaq Oil & Gas ETF | 1,589,292 | — | 70,977,157 | (41,350,587) | 9,821,825 | 2,651,950 | 42,100,345 | 219,271 | ||||||
First Trust Nasdaq Transportation ETF | — | 40,529,967 | 26,751,967 | (65,960,213) | (9,206,661) | 7,884,940 | — | 95,330 | ||||||
First Trust NASDAQ-100-Technology Sector Index Fund | — | 43,005,865 | 25,610,474 | (62,900,116) | (14,879,858) | 9,163,635 | — | 3,183 | ||||||
First Trust Technology AlphaDEX® Fund | — | 41,724,071 | 9,483,888 | (53,543,678) | (15,497,909) | 17,833,628 | — | — | ||||||
$212,409,856 | $272,202,453 | $(276,281,761) | $(30,440,722) | $38,071,948 | $215,961,774 | $836,438 |
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 | — | — | ||
First Trust Indxx Innovative Transaction & Process ETF | 1,414,166 | — | — | ||
First Trust Nasdaq Artificial Intelligence and Robotics ETF | 333,100 | — | — | ||
First Trust International Developed Capital Strength ETF | 39,101 | — | — |
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 | ||
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 International Developed Capital Strength ETF | 12,421 | (2,885) | (34,725) |
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 |
First Trust Indxx Innovative Transaction & Process ETF | 1,444,987 |
First Trust Nasdaq Artificial Intelligence and Robotics ETF | 4,911,664 |
First Trust International Developed Capital Strength ETF | 2,885 |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized (Depreciation) | Net Unrealized Appreciation (Depreciation) | ||||
First Trust NASDAQ Technology Dividend Index Fund | $ 1,574,415,132 | $ 330,215,031 | $ (59,189,997) | $ 271,025,034 | |||
Multi-Asset Diversified Income Index Fund | 460,857,522 | 32,396,403 | (14,817,812) | 17,578,591 | |||
First Trust S&P International Dividend Aristocrats ETF | 52,631,504 | 3,722,936 | (2,156,139) | 1,566,797 | |||
First Trust BuyWrite Income ETF | 37,321,910 | 9,622,838 | (1,479,584) | 8,143,254 | |||
First Trust Hedged BuyWrite Income ETF | 12,719,883 | 1,846,826 | (513,647) | 1,333,179 | |||
First Trust Rising Dividend Achievers ETF | 9,417,876,555 | 567,176,059 | (271,817,056) | 295,359,003 | |||
First Trust Dorsey Wright Focus 5 ETF | 2,495,058,572 | 352,303,422 | — | 352,303,422 | |||
First Trust RBA American Industrial Renaissance® ETF | 215,748,913 | 21,412,604 | (18,326,303) | 3,086,301 | |||
First Trust Dorsey Wright Momentum & Dividend ETF | 69,601,266 | 4,812,532 | (941,921) | 3,870,611 | |||
First Trust Dorsey Wright International Focus 5 ETF | 189,610,610 | 12,039,668 | (5,889,152) | 6,150,516 | |||
First Trust Dorsey Wright Dynamic Focus 5 ETF | 187,812,524 | 28,149,250 | — | 28,149,250 | |||
First Trust Indxx Innovative Transaction & Process ETF | 143,656,176 | 17,723,302 | (10,271,787) | 7,451,515 | |||
First Trust Nasdaq Artificial Intelligence and Robotics ETF | 256,239,201 | 18,790,105 | (29,090,077) | (10,299,972) | |||
First Trust International Developed Capital Strength ETF | 37,050,229 | 1,021,925 | (2,039,541) | (1,017,616) |
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 |
First Trust Indxx Innovative Transaction & Process ETF | Indxx, LLC |
First Trust Nasdaq Artificial Intelligence and Robotics ETF | Nasdaq, Inc. |
First Trust International Developed Capital Strength ETF | Nasdaq, Inc. |
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% |
First Trust Indxx Innovative Transaction & Process ETF | 0.65% |
First Trust Nasdaq Artificial Intelligence and Robotics ETF | 0.65% |
First Trust International Developed Capital Strength ETF | 0.70% |
Purchases | Sales | ||
First Trust NASDAQ Technology Dividend Index Fund | $ 239,098,995 | $ 237,967,438 | |
Multi-Asset Diversified Income Index Fund | 187,936,413 | 190,977,352 | |
First Trust S&P International Dividend Aristocrats ETF | 19,140,424 | 18,327,810 | |
First Trust BuyWrite Income ETF | 9,179,856 | 10,782,846 | |
First Trust Hedged BuyWrite Income ETF | 2,111,485 | 2,406,103 | |
First Trust Rising Dividend Achievers ETF | 4,159,045,181 | 4,160,115,602 | |
First Trust Dorsey Wright Focus 5 ETF | 1,703,266,211 | 1,713,399,175 | |
First Trust RBA American Industrial Renaissance® ETF | 42,242,624 | 41,867,052 | |
First Trust Dorsey Wright Momentum & Dividend ETF | 41,486,809 | 41,419,514 | |
First Trust Dorsey Wright International Focus 5 ETF | 140,754,898 | 140,495,883 | |
First Trust Dorsey Wright Dynamic Focus 5 ETF | 131,345,319 | 132,049,311 | |
First Trust Indxx Innovative Transaction & Process ETF | 21,551,933 | 19,085,800 | |
First Trust Nasdaq Artificial Intelligence and Robotics ETF | 69,019,820 | 52,605,596 | |
First Trust International Developed Capital Strength ETF | 3,818,817 | 3,952,263 | |
Purchases | Sales | ||
First Trust NASDAQ Technology Dividend Index Fund | $ 438,332,450 | $ 274,461,319 | |
Multi-Asset Diversified Income Index Fund | 20,724,626 | 23,233,137 | |
First Trust S&P International Dividend Aristocrats ETF | 11,263,166 | — | |
First Trust BuyWrite Income ETF | — | 2,148,878 | |
First Trust Hedged BuyWrite Income ETF | 5,294,688 | 1,108,982 | |
First Trust Rising Dividend Achievers ETF | 5,388,113,086 | 1,480,117,617 | |
First Trust Dorsey Wright Focus 5 ETF | 1,963,309,120 | 1,889,483,009 | |
First Trust RBA American Industrial Renaissance® ETF | 48,052,697 | 56,788,647 | |
First Trust Dorsey Wright Momentum & Dividend ETF | 44,354,562 | 13,490,585 | |
First Trust Dorsey Wright International Focus 5 ETF | — | 52,191,819 | |
First Trust Dorsey Wright Dynamic Focus 5 ETF | 140,857,134 | 144,232,450 | |
First Trust Indxx Innovative Transaction & Process ETF | 21,472,250 | — | |
First Trust Nasdaq Artificial Intelligence and Robotics ETF | 37,051,950 | 41,411,310 | |
First Trust International Developed Capital Strength ETF | 30,337,482 | 3,504,860 |
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 | $ 863,399 |
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 | $ 95,400 | Options written, at value | $ 299,214 |
Equity Risk | ||
Statements of Operations Location | FTHI | FTLB |
Net realized gain (loss) on Purchased options contracts | $— | $(81,617) |
Net realized gain (loss) on Written options contracts | 846,139 | 215,055 |
Net change in unrealized gain (loss) on Purchased options contracts | — | (87,473) |
Net change in unrealized gain (loss) on Written options contracts | (482,434) | (139,699) |
NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE |
FUND ACCOUNTANT &
TRANSFER AGENT
PUBLIC ACCOUNTING FIRM
Book 2
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)
First Trust Dorsey Wright Momentum & Value ETF (DVLU)
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL)
For the Six Months Ended
March 31, 2022
2 | |
3 | |
Fund Performance Overview | |
4 | |
6 | |
8 | |
10 | |
11 | |
Portfolio of Investments | |
12 | |
15 | |
17 | |
19 | |
20 | |
22 | |
24 | |
27 | |
33 |
Performance | ||||
Average Annual Total Returns | Cumulative Total Returns | |||
6 Months Ended 3/31/22 | 1 Year Ended 3/31/22 | Inception (11/1/17) to 3/31/22 | Inception (11/1/17) to 3/31/22 | |
Fund Performance | ||||
NAV | -0.96% | -0.36% | 9.50% | 49.24% |
Market Price | -1.10% | -0.60% | 9.50% | 49.24% |
Index Performance | ||||
Nasdaq US Small Mid Cap Rising Dividend Achievers™ Index | -0.64% | 0.26% | 10.19% | 53.40% |
S&P 1000® Index | 1.79% | 3.55% | 10.75% | 56.91% |
Sector Allocation | % of Total Investments |
Financials | 30.7% |
Industrials | 22.0 |
Consumer Discretionary | 21.9 |
Information Technology | 8.1 |
Materials | 7.9 |
Energy | 4.2 |
Communication Services | 2.1 |
Consumer Staples | 2.0 |
Real Estate | 1.1 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Genco Shipping & Trading Ltd. | 1.2% |
AGCO Corp. | 1.1 |
Marcus & Millichap, Inc. | 1.1 |
Unum Group | 1.1 |
Seaboard Corp. | 1.1 |
Everest Re Group Ltd. | 1.1 |
Principal Financial Group, Inc. | 1.1 |
Western Union (The) Co. | 1.1 |
Raymond James Financial, Inc. | 1.1 |
American Financial Group, Inc. | 1.1 |
Total | 11.1% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | ||||
Average Annual Total Returns | Cumulative Total Returns | |||
6 Months Ended 3/31/22 | 1 Year Ended 3/31/22 | Inception (9/5/18) to 3/31/22 | Inception (9/5/18) to 3/31/22 | |
Fund Performance | ||||
NAV | 9.67% | 16.41% | 8.89% | 35.50% |
Market Price | 9.72% | 16.35% | 8.90% | 35.55% |
Index Performance | ||||
Dorsey Wright Momentum Plus Value™ Index | 10.08% | 17.23% | 9.57% | 38.55% |
S&P 500® Index | 5.92% | 15.65% | 15.46% | 66.98% |
Sector Allocation | % of Total Investments |
Financials | 33.4% |
Energy | 17.2 |
Materials | 16.8 |
Consumer Discretionary | 11.7 |
Industrials | 7.0 |
Health Care | 6.2 |
Communication Services | 2.5 |
Consumer Staples | 2.0 |
Real Estate | 1.7 |
Information Technology | 1.5 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
APA Corp. | 3.6% |
Westlake Corp. | 3.4 |
Alcoa Corp. | 3.4 |
Chesapeake Energy Corp. | 3.3 |
Prudential Financial, Inc. | 3.1 |
Selective Insurance Group, Inc. | 3.0 |
American International Group, Inc. | 2.9 |
Lincoln National Corp. | 2.7 |
Principal Financial Group, Inc. | 2.7 |
Olin Corp. | 2.7 |
Total | 30.8% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Performance | ||||
Average Annual Total Returns | Cumulative Total Returns | |||
6 Months Ended 3/31/22 | 1 Year Ended 3/31/22 | Inception (9/5/18) to 3/31/22 | Inception (9/5/18) to 3/31/22 | |
Fund Performance | ||||
NAV | 4.37% | 16.66% | 11.74% | 48.61% |
Market Price | 4.40% | 16.65% | 11.76% | 48.66% |
Index Performance | ||||
Dorsey Wright Momentum Plus Low Volatility™ Index | 4.73% | 17.43% | 12.48% | 52.11% |
S&P 500® Index | 5.92% | 15.65% | 15.46% | 66.98% |
Sector Allocation | % of Total Investments |
Real Estate | 35.3% |
Industrials | 19.2 |
Financials | 17.1 |
Information Technology | 11.1 |
Health Care | 6.5 |
Consumer Discretionary | 4.3 |
Consumer Staples | 3.0 |
Materials | 2.2 |
Energy | 1.3 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Waste Management, Inc. | 3.2% |
Marsh & McLennan Cos., Inc. | 3.2 |
Public Storage | 3.1 |
Republic Services, Inc. | 3.0 |
Costco Wholesale Corp. | 3.0 |
Arthur J. Gallagher & Co. | 3.0 |
First Industrial Realty Trust, Inc. | 3.0 |
Paychex, Inc. | 3.0 |
UnitedHealth Group, Inc. | 3.0 |
Prologis, Inc. | 3.0 |
Total | 30.5% |
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 October 1, 2021 | Ending Account Value March 31, 2022 | 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 | $990.40 | 0.60% | $2.98 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
First Trust Dorsey Wright Momentum & Value ETF (DVLU) | ||||
Actual | $1,000.00 | $1,096.70 | 0.60% | $3.14 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) | ||||
Actual | $1,000.00 | $1,043.70 | 0.60% | $3.06 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
(a) | Expenses are equal to the annualized expense ratios as indicated in the table multiplied by the average account value over the period (October 1, 2021 through March 31, 2022), multiplied by 182/365 (to reflect the six-month period). |
Shares | Description | Value | ||
COMMON STOCKS – 99.9% | ||||
Auto Components – 1.0% | ||||
199,096 | Standard Motor Products, Inc. | $8,589,001 | ||
Banks – 13.0% | ||||
204,143 | Bank OZK | 8,716,906 | ||
186,483 | Citizens Financial Group, Inc. | 8,453,274 | ||
96,726 | Comerica, Inc. | 8,746,932 | ||
154,517 | Eagle Bancorp, Inc. | 8,809,014 | ||
112,502 | East West Bancorp, Inc. | 8,889,908 | ||
683,866 | First BanCorp | 8,972,322 | ||
399,160 | First Horizon Corp. | 9,376,269 | ||
301,928 | Hilltop Holdings, Inc. | 8,876,683 | ||
51,240 | M&T Bank Corp. | 8,685,180 | ||
245,974 | Pacific Premier Bancorp, Inc. | 8,695,181 | ||
108,682 | Popular, Inc. | 8,883,667 | ||
183,518 | Synovus Financial Corp. | 8,992,382 | ||
135,368 | Zions Bancorp N.A. | 8,874,726 | ||
114,972,444 | ||||
Building Products – 3.8% | ||||
134,959 | A.O. Smith Corp. | 8,622,531 | ||
77,734 | Allegion PLC | 8,533,639 | ||
93,553 | Owens Corning | 8,560,099 | ||
103,957 | UFP Industries, Inc. | 8,021,322 | ||
33,737,591 | ||||
Capital Markets – 4.1% | ||||
78,029 | Evercore, Inc., Class A | 8,686,188 | ||
328,951 | Franklin Resources, Inc. | 9,184,312 | ||
280,690 | Jefferies Financial Group, Inc. | 9,220,667 | ||
86,840 | Raymond James Financial, Inc. | 9,544,584 | ||
36,635,751 | ||||
Chemicals – 3.0% | ||||
179,381 | Avient Corp. | 8,610,288 | ||
232,926 | Huntsman Corp. | 8,737,054 | ||
74,124 | Westlake Corp. | 9,146,902 | ||
26,494,244 | ||||
Commercial Services & Supplies – 1.0% | ||||
54,745 | Tetra Tech, Inc. | 9,029,640 | ||
Construction & Engineering – 2.0% | ||||
117,672 | AECOM | 9,038,386 | ||
76,788 | EMCOR Group, Inc. | 8,648,633 | ||
17,687,019 | ||||
Consumer Finance – 1.0% | ||||
492,989 | SLM Corp. | 9,051,278 | ||
Containers & Packaging – 1.0% | ||||
58,688 | Packaging Corp. of America | 9,161,784 |
Shares | Description | Value | ||
Diversified Consumer Services – 1.1% | ||||
15,187 | Graham Holdings Co., Class B | $9,286,395 | ||
Diversified Financial Services – 1.0% | ||||
138,007 | Voya Financial, Inc. | 9,156,764 | ||
Electronic Equipment, Instruments & Components – 1.0% | ||||
35,561 | Littelfuse, Inc. | 8,869,269 | ||
Food Products – 1.1% | ||||
2,323 | Seaboard Corp. | 9,769,353 | ||
Hotels, Restaurants & Leisure – 1.0% | ||||
109,807 | Texas Roadhouse, Inc. | 9,194,140 | ||
Household Durables – 6.4% | ||||
142,849 | Century Communities, Inc. | 7,652,421 | ||
343,346 | Ethan Allen Interiors, Inc. | 8,951,030 | ||
312,085 | La-Z-Boy, Inc. | 8,229,682 | ||
210,552 | MDC Holdings, Inc. | 7,967,288 | ||
189,642 | PulteGroup, Inc. | 7,946,000 | ||
171,922 | Toll Brothers, Inc. | 8,083,772 | ||
47,162 | Whirlpool Corp. | 8,148,650 | ||
56,978,843 | ||||
Insurance – 8.5% | ||||
65,425 | American Financial Group, Inc. | 9,527,188 | ||
192,296 | CNA Financial Corp. | 9,349,431 | ||
32,028 | Everest Re Group Ltd. | 9,652,599 | ||
183,943 | Fidelity National Financial, Inc. | 8,983,776 | ||
133,991 | First American Financial Corp. | 8,685,297 | ||
354,336 | Old Republic International Corp. | 9,166,672 | ||
131,143 | Principal Financial Group, Inc. | 9,627,208 | ||
311,656 | Unum Group | 9,820,281 | ||
74,812,452 | ||||
IT Services – 2.1% | ||||
206,335 | Genpact Ltd. | 8,977,636 | ||
510,239 | Western Union (The) Co. | 9,561,879 | ||
18,539,515 | ||||
Leisure Products – 4.8% | ||||
206,986 | Acushnet Holdings Corp. | 8,333,256 | ||
110,953 | Johnson Outdoors, Inc., Class A | 8,624,377 | ||
83,298 | Polaris, Inc. | 8,772,945 | ||
546,052 | Smith & Wesson Brands, Inc. | 8,261,767 | ||
124,013 | Sturm Ruger & Co., Inc. | 8,633,785 | ||
42,626,130 | ||||
Machinery – 9.1% | ||||
69,336 | AGCO Corp. | 10,125,136 | ||
83,814 | Crane Co. | 9,075,380 | ||
129,207 | Graco, Inc. | 9,008,312 | ||
46,168 | IDEX Corp. | 8,851,791 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Machinery (Continued) | ||||
151,672 | Mueller Industries, Inc. | $8,216,072 | ||
39,779 | Nordson Corp. | 9,033,015 | ||
42,910 | Snap-on, Inc. | 8,817,147 | ||
233,402 | Terex Corp. | 8,323,115 | ||
105,009 | Toro (The) Co. | 8,977,220 | ||
80,427,188 | ||||
Marine – 2.2% | ||||
442,830 | Genco Shipping & Trading Ltd. | 10,459,645 | ||
76,302 | Matson, Inc. | 9,203,547 | ||
19,663,192 | ||||
Media – 2.1% | ||||
254,848 | Interpublic Group of (The) Cos., Inc. | 9,034,361 | ||
109,043 | Omnicom Group, Inc. | 9,255,570 | ||
18,289,931 | ||||
Metals & Mining – 3.0% | ||||
227,055 | Commercial Metals Co. | 9,450,029 | ||
109,055 | Steel Dynamics, Inc. | 9,098,459 | ||
151,334 | Worthington Industries, Inc. | 7,780,081 | ||
26,328,569 | ||||
Oil, Gas & Consumable Fuels – 4.2% | ||||
211,182 | California Resources Corp. | 9,446,171 | ||
395,707 | Magnolia Oil & Gas Corp., Class A | 9,358,471 | ||
61,670 | Oasis Petroleum, Inc. | 9,022,321 | ||
6,820 | Texas Pacific Land Corp. | 9,221,390 | ||
37,048,353 | ||||
Paper & Forest Products – 0.9% | ||||
126,344 | Louisiana-Pacific Corp. | 7,848,489 | ||
Personal Products – 1.0% | ||||
49,324 | Medifast, Inc. | 8,423,553 | ||
Professional Services – 1.0% | ||||
76,314 | Robert Half International, Inc. | 8,713,532 | ||
Real Estate Management & Development – 1.1% | ||||
187,737 | Marcus & Millichap, Inc. | 9,889,985 | ||
Road & Rail – 2.0% | ||||
56,723 | Landstar System, Inc. | 8,555,530 | ||
344,884 | Schneider National, Inc., Class B | 8,794,542 | ||
17,350,072 | ||||
Semiconductors & Semiconductor Equipment – 3.0% | ||||
390,151 | Amkor Technology, Inc. | 8,474,080 | ||
68,110 | Entegris, Inc. | 8,940,118 |
Shares | Description | Value | ||
Semiconductors & Semiconductor Equipment (Continued) | ||||
55,306 | Universal Display Corp. | $9,233,337 | ||
26,647,535 | ||||
Software – 1.0% | ||||
334,588 | NortonLifeLock, Inc. | 8,873,274 | ||
Specialty Retail – 4.6% | ||||
472,688 | American Eagle Outfitters, Inc. | 7,941,158 | ||
239,561 | Buckle (The), Inc. | 7,915,096 | ||
80,096 | Dick’s Sporting Goods, Inc. | 8,011,202 | ||
311,757 | Haverty Furniture Cos., Inc. | 8,548,377 | ||
55,942 | Williams-Sonoma, Inc. | 8,111,590 | ||
40,527,423 | ||||
Technology Hardware, Storage & Peripherals – 1.0% | ||||
102,401 | NetApp, Inc. | 8,499,283 | ||
Textiles, Apparel & Luxury Goods – 2.9% | ||||
98,065 | Columbia Sportswear Co. | 8,877,825 | ||
433,419 | Levi Strauss & Co., Class A | 8,564,359 | ||
222,808 | Steven Madden Ltd. | 8,609,301 | ||
26,051,485 | ||||
Thrifts & Mortgage Finance – 3.0% | ||||
220,522 | Essent Group Ltd. | 9,087,712 | ||
650,908 | MGIC Investment Corp. | 8,819,803 | ||
406,762 | Radian Group, Inc. | 9,034,184 | ||
26,941,699 | ||||
Trading Companies & Distributors – 0.9% | ||||
112,809 | Boise Cascade Co. | 7,836,841 | ||
Total Investments – 99.9% | 883,952,017 | |||
(Cost $915,320,014) | ||||
Net Other Assets and Liabilities – 0.1% | 621,203 | |||
Net Assets – 100.0% | $884,573,220 |
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 883,952,017 | $ 883,952,017 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 100.0% | ||||
Automobiles – 3.8% | ||||
29,042 | Ford Motor Co. | $491,100 | ||
13,444 | General Motors Co. (a) | 588,041 | ||
1,079,141 | ||||
Banks – 14.1% | ||||
2,813 | BOK Financial Corp. | 264,281 | ||
2,941 | Comerica, Inc. | 265,955 | ||
1,679 | JPMorgan Chase & Co. | 228,881 | ||
16,351 | KeyCorp | 365,936 | ||
1,810 | M&T Bank Corp. | 306,795 | ||
8,189 | Popular, Inc. | 669,369 | ||
19,204 | Regions Financial Corp. | 427,481 | ||
3,259 | SouthState Corp. | 265,902 | ||
6,692 | Synovus Financial Corp. | 327,908 | ||
9,687 | Wells Fargo & Co. | 469,432 | ||
5,781 | Zions Bancorp N.A. | 379,002 | ||
3,970,942 | ||||
Building Products – 2.2% | ||||
9,588 | Builders FirstSource, Inc. (a) | 618,809 | ||
Capital Markets – 3.4% | ||||
3,006 | Morgan Stanley | 262,724 | ||
10,122 | Stifel Financial Corp. | 687,284 | ||
950,008 | ||||
Chemicals – 11.9% | ||||
5,041 | CF Industries Holdings, Inc. | 519,525 | ||
11,633 | Chemours (The) Co. | 366,207 | ||
19,705 | Huntsman Corp. | 739,134 | ||
14,296 | Olin Corp. | 747,395 | ||
7,854 | Westlake Corp. | 969,184 | ||
3,341,445 | ||||
Distributors – 1.1% | ||||
6,441 | LKQ Corp. | 292,486 | ||
Diversified Telecommunication Services – 2.5% | ||||
25,177 | Frontier Communications Parent, Inc. (a) | 696,648 | ||
Electronic Equipment, Instruments & Components – 1.5% | ||||
7,005 | Jabil, Inc. | 432,419 | ||
Food & Staples Retailing – 2.0% | ||||
9,766 | Kroger (The) Co. | 560,275 | ||
Health Care Providers & Services – 6.2% | ||||
2,356 | HCA Healthcare, Inc. | 590,461 | ||
2,417 | Laboratory Corp of America Holdings (a) | 637,266 |
Shares | Description | Value | ||
Health Care Providers & Services (Continued) | ||||
3,850 | Quest Diagnostics, Inc. | $526,911 | ||
1,754,638 | ||||
Household Durables – 4.2% | ||||
7,573 | Lennar Corp., Class A | 614,701 | ||
12,118 | Toll Brothers, Inc. | 569,788 | ||
1,184,489 | ||||
Insurance – 15.9% | ||||
2,880 | American Financial Group, Inc. | 419,385 | ||
13,061 | American International Group, Inc. | 819,839 | ||
11,641 | Lincoln National Corp. | 760,856 | ||
10,288 | Principal Financial Group, Inc. | 755,242 | ||
7,301 | Prudential Financial, Inc. | 862,759 | ||
9,475 | Selective Insurance Group, Inc. | 846,686 | ||
4,464,767 | ||||
Metals & Mining – 3.4% | ||||
10,626 | Alcoa Corp. | 956,659 | ||
Oil, Gas & Consumable Fuels – 17.2% | ||||
24,473 | APA Corp. | 1,011,469 | ||
10,508 | Chesapeake Energy Corp. | 914,196 | ||
3,584 | ConocoPhillips | 358,400 | ||
4,893 | Diamondback Energy, Inc. | 670,732 | ||
3,247 | EOG Resources, Inc. | 387,140 | ||
23,820 | Marathon Oil Corp. | 598,120 | ||
4,945 | Marathon Petroleum Corp. | 422,798 | ||
1,867 | Pioneer Natural Resources Co. | 466,806 | ||
4,829,661 | ||||
Paper & Forest Products – 1.5% | ||||
6,639 | Louisiana-Pacific Corp. | 412,415 | ||
Real Estate Management & Development – 1.7% | ||||
2,008 | Jones Lang LaSalle, Inc. (a) | 480,836 | ||
Specialty Retail – 2.6% | ||||
7,892 | Penske Automotive Group, Inc. | 739,638 | ||
Trading Companies & Distributors – 4.8% | ||||
13,900 | Air Lease Corp. | 620,635 | ||
5,627 | WESCO International, Inc. (a) | 732,298 | ||
1,352,933 | ||||
Total Investments – 100.0% | 28,118,209 | |||
(Cost $26,394,758) | ||||
Net Other Assets and Liabilities – 0.0% | 10,476 | |||
Net Assets – 100.0% | $28,128,685 |
(a) | Non-income producing security. |
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 28,118,209 | $ 28,118,209 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 64.5% | ||||
Air Freight & Logistics – 1.0% | ||||
10,651 | Expeditors International of Washington, Inc. | $1,098,757 | ||
Banks – 1.3% | ||||
10,949 | JPMorgan Chase & Co. | 1,492,568 | ||
Building Products – 2.4% | ||||
5,773 | Carlisle Cos., Inc. | 1,419,696 | ||
19,696 | Johnson Controls International PLC | 1,291,467 | ||
2,711,163 | ||||
Capital Markets – 5.5% | ||||
1,365 | BlackRock, Inc. | 1,043,092 | ||
14,171 | Nasdaq, Inc. | 2,525,272 | ||
3,416 | S&P Global, Inc. | 1,401,175 | ||
12,573 | Tradeweb Markets, Inc., Class A | 1,104,790 | ||
6,074,329 | ||||
Chemicals – 2.2% | ||||
9,803 | Sherwin-Williams (The) Co. | 2,447,025 | ||
Commercial Services & Supplies – 6.2% | ||||
25,545 | Republic Services, Inc. | 3,384,712 | ||
22,294 | Waste Management, Inc. | 3,533,599 | ||
6,918,311 | ||||
Electrical Equipment – 4.7% | ||||
21,537 | AMETEK, Inc. | 2,868,298 | ||
8,677 | Eaton Corp. PLC | 1,316,821 | ||
3,700 | Rockwell Automation, Inc. | 1,036,111 | ||
5,221,230 | ||||
Electronic Equipment, Instruments & Components – 1.7% | ||||
25,488 | Amphenol Corp., Class A | 1,920,521 | ||
Food & Staples Retailing – 3.0% | ||||
5,844 | Costco Wholesale Corp. | 3,365,267 | ||
Health Care Providers & Services – 3.9% | ||||
7,857 | Quest Diagnostics, Inc. | 1,075,309 | ||
6,494 | UnitedHealth Group, Inc. | 3,311,745 | ||
4,387,054 | ||||
Hotels, Restaurants & Leisure – 2.6% | ||||
24,843 | Yum! Brands, Inc. | 2,944,641 | ||
Insurance – 10.2% | ||||
4,408 | Aon PLC, Class A | 1,435,377 | ||
19,149 | Arthur J. Gallagher & Co. | 3,343,415 | ||
43,233 | Brown & Brown, Inc. | 3,124,449 |
Shares | Description | Value | ||
Insurance (Continued) | ||||
20,705 | Marsh & McLennan Cos., Inc. | $3,528,546 | ||
11,431,787 | ||||
IT Services – 7.6% | ||||
6,240 | Accenture PLC, Class A | 2,104,315 | ||
13,338 | Automatic Data Processing, Inc. | 3,034,929 | ||
24,286 | Paychex, Inc. | 3,314,310 | ||
8,453,554 | ||||
Life Sciences Tools & Services – 1.2% | ||||
5,545 | IQVIA Holdings, Inc. (a) | 1,282,059 | ||
Machinery – 2.3% | ||||
5,651 | Nordson Corp. | 1,283,229 | ||
15,360 | Xylem, Inc. | 1,309,594 | ||
2,592,823 | ||||
Oil, Gas & Consumable Fuels – 1.3% | ||||
44,550 | Williams (The) Cos., Inc. | 1,488,416 | ||
Pharmaceuticals – 1.4% | ||||
8,124 | Zoetis, Inc. | 1,532,105 | ||
Software – 1.8% | ||||
6,412 | Microsoft Corp. | 1,976,884 | ||
Specialty Retail – 1.7% | ||||
6,278 | Home Depot (The), Inc. | 1,879,194 | ||
Trading Companies & Distributors – 2.5% | ||||
47,170 | Fastenal Co. | 2,801,898 | ||
Total Common Stocks | 72,019,586 | |||
(Cost $68,651,174) | ||||
REAL ESTATE INVESTMENT TRUSTS – 35.2% | ||||
Equity Real Estate Investment Trusts – 35.2% | ||||
29,055 | American Campus Communities, Inc. | 1,626,208 | ||
8,441 | American Tower Corp. | 2,120,548 | ||
20,735 | Apartment Income REIT Corp. | 1,108,493 | ||
35,990 | CubeSmart | 1,872,560 | ||
54,709 | Duke Realty Corp. | 3,176,404 | ||
12,193 | EastGroup Properties, Inc. | 2,478,593 | ||
9,315 | Extra Space Storage, Inc. | 1,915,164 | ||
53,538 | First Industrial Realty Trust, Inc. | 3,314,538 | ||
20,761 | Life Storage, Inc. | 2,915,467 | ||
14,448 | Mid-America Apartment Communities, Inc. | 3,026,134 | ||
20,372 | Prologis, Inc. | 3,289,670 | ||
8,786 | Public Storage | 3,429,000 | ||
35,247 | Rexford Industrial Realty, Inc. | 2,629,074 | ||
34,084 | Spirit Realty Capital, Inc. | 1,568,546 | ||
68,517 | STAG Industrial, Inc. | 2,833,178 |
Shares | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS (Continued) | ||||
Equity Real Estate Investment Trusts (Continued) | ||||
11,516 | Sun Communities, Inc. | $2,018,640 | ||
Total Real Estate Investment Trusts | 39,322,217 | |||
(Cost $37,505,111) | ||||
Total Investments – 99.7% | 111,341,803 | |||
(Cost $106,156,285) | ||||
Net Other Assets and Liabilities – 0.3% | 316,112 | |||
Net Assets – 100.0% | $111,657,915 |
(a) | Non-income producing security. |
Total Value at 3/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 72,019,586 | $ 72,019,586 | $ — | $ — |
Real Estate Investment Trusts* | 39,322,217 | 39,322,217 | — | — |
Total Investments | $ 111,341,803 | $ 111,341,803 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) | First Trust Dorsey Wright Momentum & Value ETF (DVLU) | First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) | |||
ASSETS: | |||||
Investments, at value | $ 883,952,017 | $ 28,118,209 | $ 111,341,803 | ||
Cash | 20,144,507 | 6,456 | 238,438 | ||
Receivables: | |||||
Dividends | 694,933 | 16,924 | 133,043 | ||
Dividend reclaims | 87 | — | 1,767 | ||
Total Assets | 904,791,544 | 28,141,589 | 111,715,051 | ||
LIABILITIES: | |||||
Payables: | |||||
Investment securities purchased | 19,806,228 | — | — | ||
Investment advisory fees | 412,096 | 12,904 | 57,136 | ||
Total Liabilities | 20,218,324 | 12,904 | 57,136 | ||
NET ASSETS | $884,573,220 | $28,128,685 | $111,657,915 | ||
NET ASSETS consist of: | |||||
Paid-in capital | $ 929,123,452 | $ 36,310,688 | $ 112,657,767 | ||
Par value | 318,000 | 11,000 | 39,000 | ||
Accumulated distributable earnings (loss) | (44,868,232) | (8,193,003) | (1,038,852) | ||
NET ASSETS | $884,573,220 | $28,128,685 | $111,657,915 | ||
NET ASSET VALUE, per share | $27.82 | $25.57 | $28.63 | ||
Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per share) | 31,800,002 | 1,100,002 | 3,900,002 | ||
Investments, at cost | $915,320,014 | $26,394,758 | $106,156,285 |
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) | First Trust Dorsey Wright Momentum & Value ETF (DVLU) | First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) | ||||
INVESTMENT INCOME: | ||||||
Dividends | $ 5,755,548 | $ 263,168 | $ 934,495 | |||
Interest | 470 | 4 | 18 | |||
Foreign withholding tax | (8,122) | (389) | — | |||
Other | — | 44 | — | |||
Total investment income | 5,747,896 | 262,827 | 934,513 | |||
EXPENSES: | ||||||
Investment advisory fees | 1,486,761 | 75,725 | 371,681 | |||
Total expenses | 1,486,761 | 75,725 | 371,681 | |||
NET INVESTMENT INCOME (LOSS) | 4,261,135 | 187,102 | 562,832 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS): | ||||||
Net realized gain (loss) on: | ||||||
Investments | (16,375,573) | (280,878) | (3,539,491) | |||
In-kind redemptions | 4,380,067 | 211,215 | 12,149,076 | |||
Net realized gain (loss) | (11,995,506) | (69,663) | 8,609,585 | |||
Net change in unrealized appreciation (depreciation) on: | ||||||
Investments | (26,812,162) | 2,117,362 | (4,282,302) | |||
NET REALIZED AND UNREALIZED GAIN (LOSS) | (38,807,668) | 2,047,699 | 4,327,283 | |||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $(34,546,533) | $ 2,234,801 | $ 4,890,115 |
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) | First Trust Dorsey Wright Momentum & Value ETF (DVLU) | ||||||
Six Months Ended 3/31/2022 (Unaudited) | Year Ended 9/30/2021 | Six Months Ended 3/31/2022 (Unaudited) | Year Ended 9/30/2021 | ||||
OPERATIONS: | |||||||
Net investment income (loss) | $ 4,261,135 | $ 1,215,419 | $ 187,102 | $ 403,881 | |||
Net realized gain (loss) | (11,995,506) | 4,399,493 | (69,663) | 7,489,708 | |||
Net change in unrealized appreciation (depreciation) | (26,812,162) | (4,309,095) | 2,117,362 | (1,439,711) | |||
Net increase (decrease) in net assets resulting from operations | (34,546,533) | 1,305,817 | 2,234,801 | 6,453,878 | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations | (4,006,525) | (1,005,851) | (219,390) | (376,450) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold | 738,439,986 | 225,198,706 | 5,097,895 | 63,958,085 | |||
Cost of shares redeemed | (25,986,819) | (24,875,461) | (4,848,859) | (58,491,461) | |||
Net increase (decrease) in net assets resulting from shareholder transactions | 712,453,167 | 200,323,245 | 249,036 | 5,466,624 | |||
Total increase (decrease) in net assets | 673,900,109 | 200,623,211 | 2,264,447 | 11,544,052 | |||
NET ASSETS: | |||||||
Beginning of period | 210,673,111 | 10,049,900 | 25,864,238 | 14,320,186 | |||
End of period | $884,573,220 | $210,673,111 | $28,128,685 | $25,864,238 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period | 7,450,002 | 550,002 | 1,100,002 | 950,002 | |||
Shares sold | 25,250,000 | 7,800,000 | 200,000 | 2,900,000 | |||
Shares redeemed | (900,000) | (900,000) | (200,000) | (2,750,000) | |||
Shares outstanding, end of period | 31,800,002 | 7,450,002 | 1,100,002 | 1,100,002 |
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) | ||
Six Months Ended 3/31/2022 (Unaudited) | Year Ended 9/30/2021 | |
$ 562,832 | $ 436,137 | |
8,609,585 | 24,241,948 | |
(4,282,302) | 750,009 | |
4,890,115 | 25,428,094 | |
(452,400) | (398,380) | |
76,808,881 | 173,667,860 | |
(90,703,043) | (202,257,238) | |
(13,894,162) | (28,589,378) | |
(9,456,447) | (3,559,664) | |
121,114,362 | 124,674,026 | |
$111,657,915 | $121,114,362 | |
4,400,002 | 5,550,002 | |
2,700,000 | 6,800,000 | |
(3,200,000) | (7,950,000) | |
3,900,002 | 4,400,002 |
Six Months Ended 3/31/2022 (Unaudited) | Year Ended September 30, | Period Ended 9/30/2018 (a) | ||||||||
2021 | 2020 | 2019 | ||||||||
Net asset value, beginning of period | $ 28.28 | $ 18.27 | $ 20.37 | $ 21.28 | $ 19.94 | |||||
Income from investment operations: | ||||||||||
Net investment income (loss) | 0.19 | 0.36 | 0.33 | 0.35 | 0.26 | |||||
Net realized and unrealized gain (loss) | (0.45) | 9.99 | (2.08) | (0.92) | 1.31 | |||||
Total from investment operations | (0.26) | 10.35 | (1.75) | (0.57) | 1.57 | |||||
Distributions paid to shareholders from: | ||||||||||
Net investment income | (0.20) | (0.34) | (0.35) | (0.34) | (0.23) | |||||
Net asset value, end of period | $27.82 | $28.28 | $18.27 | $20.37 | $21.28 | |||||
Total return (b) | (0.96)% | 56.77% | (8.56)% | (2.59)% | 7.92% | |||||
Ratios to average net assets/supplemental data: | ||||||||||
Net assets, end of period (in 000’s) | $ 884,573 | $ 210,673 | $ 10,050 | $ 7,128 | $ 4,257 | |||||
Ratio of total expenses to average net assets | 0.60% (c) | 0.60% | 0.60% | 0.60% | 0.60% (c) | |||||
Ratio of net investment income (loss) to average net assets | 1.72% (c) | 1.77% | 1.83% | 1.95% | 1.49% (c) | |||||
Portfolio turnover rate (d) | 96% | 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. |
Six Months Ended 3/31/2022 (Unaudited) | Year Ended September 30, | Period Ended 9/30/2018 (a) | ||||||||
2021 | 2020 | 2019 | ||||||||
Net asset value, beginning of period | $ 23.51 | $ 15.07 | $ 18.52 | $ 19.46 | $ 19.98 | |||||
Income from investment operations: | ||||||||||
Net investment income (loss) | 0.18 | 0.29 | 0.25 | 0.33 | 0.02 | |||||
Net realized and unrealized gain (loss) | 2.09 | 8.42 | (3.44) | (0.94) | (0.54) | |||||
Total from investment operations | 2.27 | 8.71 | (3.19) | (0.61) | (0.52) | |||||
Distributions paid to shareholders from: | ||||||||||
Net investment income | (0.21) | (0.27) | (0.26) | (0.33) | — | |||||
Net asset value, end of period | $25.57 | $23.51 | $15.07 | $18.52 | $19.46 | |||||
Total return (b) | 9.67% | 57.98% | (17.19)% | (3.04)% | (2.60)% | |||||
Ratios to average net assets/supplemental data: | ||||||||||
Net assets, end of period (in 000’s) | $ 28,129 | $ 25,864 | $ 14,320 | $ 19,451 | $ 13,625 | |||||
Ratio of total expenses to average net assets | 0.60% (c) | 0.60% | 0.60% | 0.60% | 0.60% (c) | |||||
Ratio of net investment income (loss) to average net assets | 1.48% (c) | 1.68% | 1.56% | 2.01% | 3.61% (c) | |||||
Portfolio turnover rate (d) | 106% | 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. |
Six Months Ended 3/31/2022 (Unaudited) | Year Ended September 30, | Period Ended 9/30/2018 (a) | ||||||||
2021 | 2020 | 2019 | ||||||||
Net asset value, beginning of period | $ 27.53 | $ 22.46 | $ 22.81 | $ 19.94 | $ 19.97 | |||||
Income from investment operations: | ||||||||||
Net investment income (loss) | 0.14 | 0.10 | 0.28 | 0.29 | 0.03 | |||||
Net realized and unrealized gain (loss) | 1.07 | 5.06 | (0.30) | 2.85 | (0.06) | |||||
Total from investment operations | 1.21 | 5.16 | (0.02) | 3.14 | (0.03) | |||||
Distributions paid to shareholders from: | ||||||||||
Net investment income | (0.11) | (0.09) | (0.33) | (0.27) | — | |||||
Net asset value, end of period | $28.63 | $27.53 | $22.46 | $22.81 | $19.94 | |||||
Total return (b) | 4.37% | 22.98% | 0.03% | 15.93% | (0.15)% | |||||
Ratios to average net assets/supplemental data: | ||||||||||
Net assets, end of period (in 000’s) | $ 111,658 | $ 121,114 | $ 124,674 | $ 131,169 | $ 13,960 | |||||
Ratio of total expenses to average net assets | 0.60% (c) | 0.60% | 0.60% | 0.60% | 0.60% (c) | |||||
Ratio of net investment income (loss) to average net assets | 0.91% (c) | 0.36% | 1.21% | 2.37% | 3.81% (c) | |||||
Portfolio turnover rate (d) | 82% | 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. |
Fund | Index |
First Trust SMID Cap Rising Dividend Achievers ETF | Nasdaq US Small Mid Cap Rising Dividend AchieversTM Index |
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 Volatility TM Index |
1) | the type of security; |
2) | the size of the holding; |
3) | the initial cost of the security; |
4) | transactions in comparable securities; |
5) | price quotes from dealers and/or third-party pricing services; |
6) | relationships among various securities; |
7) | information obtained by contacting the issuer, analysts, or the appropriate stock exchange; |
8) | an analysis of the issuer’s financial statements; and |
9) | the existence of merger proposals or tender offers that might affect the value of the security. |
• | Level 1 – Level 1 inputs are quoted prices in active markets for identical investments. An active market is a market in which transactions for the investment occur with sufficient frequency and volume to provide pricing information on an ongoing basis. |
• | Level 2 – Level 2 inputs are observable inputs, either directly or indirectly, and include the following: |
o | Quoted prices for similar investments in active markets. |
o | Quoted prices for identical or similar investments in markets that are non-active. A non-active market is a market where there are few transactions for the investment, the prices are not current, or price quotations vary substantially either over time or among market makers, or in which little information is released publicly. |
o | Inputs other than quoted prices that are observable for the investment (for example, interest rates and yield curves observable at commonly quoted intervals, volatilities, prepayment speeds, loss severities, credit risks, and default rates). |
o | Inputs that are derived principally from or corroborated by observable market data by correlation or other means. |
• | Level 3 – Level 3 inputs are unobservable inputs. Unobservable inputs may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment. |
Distributions paid from Ordinary Income | Distributions paid from Capital Gains | Distributions paid from Return of Capital | |||
First Trust SMID Cap Rising Dividend Achievers ETF | $ 1,005,851 | $ — | $ — | ||
First Trust Dorsey Wright Momentum & Value ETF | 376,450 | — | — | ||
First Trust Dorsey Wright Momentum & Low Volatility ETF | 398,380 | — | — |
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 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 |
Non-Expiring Capital Loss Carryforward | |
First Trust SMID Cap Rising Dividend Achievers ETF | $ 1,024,748 |
First Trust Dorsey Wright Momentum & Value ETF | 9,847,184 |
First Trust Dorsey Wright Momentum & Low Volatility ETF | 14,942,639 |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized (Depreciation) | Net Unrealized Appreciation (Depreciation) | ||||
First Trust SMID Cap Rising Dividend Achievers ETF | $ 915,320,014 | $ 15,115,383 | $ (46,483,380) | $ (31,367,997) | |||
First Trust Dorsey Wright Momentum & Value ETF | 26,394,758 | 2,612,394 | (888,943) | 1,723,451 | |||
First Trust Dorsey Wright Momentum & Low Volatility ETF | 106,156,285 | 7,127,126 | (1,941,608) | 5,185,518 |
Purchases | Sales | ||
First Trust SMID Cap Rising Dividend Achievers ETF | $ 477,687,883 | $ 477,348,359 | |
First Trust Dorsey Wright Momentum & Value ETF | 26,952,420 | 26,960,425 | |
First Trust Dorsey Wright Momentum & Low Volatility ETF | 101,290,707 | 101,297,554 | |
Purchases | Sales | ||
First Trust SMID Cap Rising Dividend Achievers ETF | $ 737,933,826 | $ 25,872,113 | |
First Trust Dorsey Wright Momentum & Value ETF | 5,081,445 | 4,838,704 | |
First Trust Dorsey Wright Momentum & Low Volatility ETF | 76,673,934 | 90,650,881 |
NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE |
FUND ACCOUNTANT &
TRANSFER AGENT
PUBLIC ACCOUNTING FIRM
(b) | Not applicable. |
Item 2. Code of Ethics.
Not applicable.
Item 3. Audit Committee Financial Expert.
Not applicable.
Item 4. Principal Accountant Fees and Services.
Not applicable.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Items 6. Schedule of Investments.
(a) | Schedules of Investments in securities of unaffiliated issuers as of the close of the reporting period are 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 period covered by this report 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) | Not applicable. |
(a)(2) | Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
(a)(3) | Not applicable. |
(a)(4) | Not applicable. |
(b) | Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(registrant) | First Trust Exchange-Traded Fund VI |
By (Signature and Title)* | /s/ James M. Dykas | |
James M. Dykas, President and Chief Executive Officer (principal executive officer) |
Date: | June 3, 2022 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)* | /s/ James M. Dykas | |
James M. Dykas, President and Chief Executive Officer (principal executive officer) |
Date: | June 3, 2022 |
By (Signature and Title)* | /s/ Donald P. Swade | |
Donald P. Swade, Treasurer, Chief Financial Officer and Chief Accounting Officer (principal financial officer) |
Date: | June 3, 2022 |
* Print the name and title of each signing officer under his or her signature.