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: March 31
Date of reporting period: September 30, 2020
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.
The registrant’s semi-annual report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 is as follows:
For the Six Months Ended
September 30, 2020
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Fund Performance Overview | |
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8 | |
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12 | |
14 | |
16 | |
18 | |
19 | |
Portfolio of Investments | |
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22 | |
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Performance | ||||
Average Annual Total Returns | Cumulative Total Returns | |||
6 Months Ended 9/30/20 | 1 Year Ended 9/30/20 | Inception (9/20/16) to 9/30/20 | Inception (9/20/16) to 9/30/20 | |
Fund Performance | ||||
NAV | 10.23% | -31.58% | -1.71% | -6.69% |
Market Price | 10.23% | -31.58% | -1.71% | -6.69% |
Index Performance | ||||
Nasdaq US Smart Banks Index | 10.68% | -31.16% | -1.07% | -4.23% |
NASDAQ US Benchmark Banks Index | 6.94% | -29.96% | 2.99% | 12.58% |
NASDAQ US Benchmark Index | 33.55% | 15.46% | 13.87% | 68.71% |
Sector Allocation | % of Total Investments |
Financials | 100.0% |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
First Republic Bank | 8.2% |
Commerce Bancshares, Inc. | 8.0 |
SVB Financial Group | 8.0 |
Zions Bancorp N.A. | 7.7 |
East West Bancorp, Inc. | 7.6 |
Fifth Third Bancorp | 4.4 |
Regions Financial Corp. | 4.2 |
PNC Financial Services Group (The), Inc. | 4.2 |
US Bancorp | 4.2 |
Citizens Financial Group, Inc. | 4.2 |
Total | 60.7% |
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.
Number of Days Bid/Ask Midpoint At/Above NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
9/21/16 – 3/31/17 | 98 | 0 | 0 | 0 |
4/1/17 – 3/31/18 | 186 | 0 | 0 | 0 |
4/1/18 – 3/31/19 | 163 | 6 | 0 | 0 |
4/1/19 – 3/31/20 | 86 | 1 | 0 | 0 |
4/1/20 – 9/30/20 | 60 | 0 | 0 | 0 |
Number of Days Bid/Ask Midpoint Below NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
9/21/16 – 3/31/17 | 34 | 1 | 0 | 0 |
4/1/17 – 3/31/18 | 64 | 0 | 0 | 0 |
4/1/18 – 3/31/19 | 81 | 0 | 1 | 0 |
4/1/19 – 3/31/20 | 166 | 0 | 0 | 0 |
4/1/20 – 9/30/20 | 67 | 0 | 0 | 0 |
Performance | ||||
Average Annual Total Returns | Cumulative Total Returns | |||
6 Months Ended 9/30/20 | 1 Year Ended 9/30/20 | Inception (9/20/16) to 9/30/20 | Inception (9/20/16) to 9/30/20 | |
Fund Performance | ||||
NAV | 22.55% | -0.18% | 2.69% | 11.28% |
Market Price | 23.52% | 0.25% | 2.79% | 11.70% |
Index Performance | ||||
Nasdaq US Smart Food & Beverage Index | 22.98% | 0.47% | 3.34% | 14.15% |
NASDAQ US Benchmark Food, Beverage and Tobacco Index(1) | 18.68% | 2.20% | 6.06% | 26.75% |
NASDAQ US Benchmark Index | 33.55% | 15.46% | 13.87% | 68.71% |
(1) | In December 2019, the name of the index changed to NASDAQ US Benchmark Food, Beverage and Tobacco Index from NASDAQ US Benchmark Food & Beverage Index. |
Sector Allocation | % of Total Investments |
Consumer Staples | 98.6% |
Materials | 1.4 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Darling Ingredients, Inc. | 9.2% |
Archer-Daniels-Midland Co. | 8.5 |
General Mills, Inc. | 7.9 |
JM Smucker (The) Co. | 7.8 |
Kellogg Co. | 7.4 |
Medifast, Inc. | 4.1 |
Boston Beer (The) Co., Inc., Class A | 4.1 |
Mondelez International, Inc., Class A | 4.0 |
Hormel Foods Corp. | 3.9 |
Monster Beverage Corp. | 3.9 |
Total | 60.8% |
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.
Number of Days Bid/Ask Midpoint At/Above NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
9/21/16 – 3/31/17 | 117 | 0 | 0 | 0 |
4/1/17 – 3/31/18 | 191 | 1 | 0 | 0 |
4/1/18 – 3/31/19 | 134 | 3 | 5 | 0 |
4/1/19 – 3/31/20 | 111 | 3 | 1 | 2 |
4/1/20 – 9/30/20 | 38 | 20 | 10 | 1 |
Number of Days Bid/Ask Midpoint Below NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
9/21/16 – 3/31/17 | 15 | 1 | 0 | 0 |
4/1/17 – 3/31/18 | 58 | 0 | 0 | 0 |
4/1/18 – 3/31/19 | 107 | 1 | 1 | 0 |
4/1/19 – 3/31/20 | 134 | 0 | 2 | 0 |
4/1/20 – 9/30/20 | 53 | 4 | 1 | 0 |
Performance | ||||
Average Annual Total Returns | Cumulative Total Returns | |||
6 Months Ended 9/30/20 | 1 Year Ended 9/30/20 | Inception (9/20/16) to 9/30/20 | Inception (9/20/16) to 9/30/20 | |
Fund Performance | ||||
NAV | 16.88% | -40.46% | -15.38% | -48.96% |
Market Price | 17.04% | -40.52% | -15.40% | -49.02% |
Index Performance | ||||
Nasdaq US Smart Oil & Gas Index | 17.12% | -40.25% | -14.91% | -47.80% |
NASDAQ US Benchmark Energy Index(1) | 9.37% | -43.59% | -14.46% | -46.70% |
NASDAQ US Benchmark Index | 33.55% | 15.46% | 13.87% | 68.71% |
(1) | In December 2019, the name of the index changed to NASDAQ US Benchmark Energy Index from NASDAQ US Benchmark Oil & Gas Index. |
Sector Allocation | % of Total Investments |
Energy | 100.0% |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Cabot Oil & Gas Corp. | 8.7% |
Cheniere Energy, Inc. | 8.4 |
Range Resources Corp. | 8.4 |
Exxon Mobil Corp. | 7.3 |
EQT Corp. | 7.0 |
Williams (The) Cos., Inc. | 4.5 |
Kinder Morgan, Inc. | 4.2 |
CNX Resources Corp. | 4.1 |
Chevron Corp. | 4.1 |
Equitrans Midstream Corp. | 3.9 |
Total | 60.6% |
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.
Number of Days Bid/Ask Midpoint At/Above NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
9/21/16 – 3/31/17 | 86 | 4 | 0 | 0 |
4/1/17 – 3/31/18 | 187 | 5 | 1 | 0 |
4/1/18 – 3/31/19 | 181 | 3 | 3 | 0 |
4/1/19 – 3/31/20 | 149 | 1 | 1 | 0 |
4/1/20 – 9/30/20 | 92 | 0 | 0 | 0 |
Number of Days Bid/Ask Midpoint Below NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
9/21/16 – 3/31/17 | 43 | 0 | 0 | 0 |
4/1/17 – 3/31/18 | 57 | 0 | 0 | 0 |
4/1/18 – 3/31/19 | 61 | 2 | 1 | 0 |
4/1/19 – 3/31/20 | 101 | 1 | 0 | 0 |
4/1/20 – 9/30/20 | 35 | 0 | 0 | 0 |
Performance | ||||
Average Annual Total Returns | Cumulative Total Returns | |||
6 Months Ended 9/30/20 | 1 Year Ended 9/30/20 | Inception (9/20/16) to 9/30/20 | Inception (9/20/16) to 9/30/20 | |
Fund Performance | ||||
NAV | 23.97% | 18.92% | 5.61% | 24.60% |
Market Price | 24.03% | 18.79% | 5.62% | 24.65% |
Index Performance | ||||
Nasdaq US Smart Pharmaceuticals Index | 24.42% | 19.74% | 6.35% | 28.14% |
NASDAQ US Benchmark Pharmaceuticals Index | 17.50% | 17.05% | 10.27% | 48.24% |
NASDAQ US Benchmark Index | 33.55% | 15.46% | 13.87% | 68.71% |
Sector Allocation | % of Total Investments |
Health Care | 100.0% |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Horizon Therapeutics PLC | 8.5% |
Johnson & Johnson | 8.0 |
Pfizer, Inc. | 8.0 |
Bristol-Myers Squibb Co. | 8.0 |
AbbVie, Inc. | 7.1 |
Jazz Pharmaceuticals PLC | 4.4 |
Zoetis, Inc. | 4.3 |
Prestige Consumer Healthcare, Inc. | 4.1 |
Eli Lilly & Co. | 4.1 |
Abbott Laboratories | 4.1 |
Total | 60.6% |
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.
Number of Days Bid/Ask Midpoint At/Above NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
9/21/16 – 3/31/17 | 62 | 0 | 1 | 0 |
4/1/17 – 3/31/18 | 178 | 1 | 0 | 0 |
4/1/18 – 3/31/19 | 175 | 9 | 4 | 0 |
4/1/19 – 3/31/20 | 100 | 2 | 0 | 0 |
4/1/20 – 9/30/20 | 88 | 2 | 9 | 5 |
Number of Days Bid/Ask Midpoint Below NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
9/21/16 – 3/31/17 | 70 | 0 | 0 | 0 |
4/1/17 – 3/31/18 | 70 | 1 | 0 | 0 |
4/1/18 – 3/31/19 | 58 | 5 | 0 | 0 |
4/1/19 – 3/31/20 | 146 | 1 | 2 | 2 |
4/1/20 – 9/30/20 | 23 | 0 | 0 | 0 |
Performance | ||||
Average Annual Total Returns | Cumulative Total Returns | |||
6 Months Ended 9/30/20 | 1 Year Ended 9/30/20 | Inception (9/20/16) to 9/30/20 | Inception (9/20/16) to 9/30/20 | |
Fund Performance | ||||
NAV | 47.58% | 15.09% | 8.75% | 40.18% |
Market Price | 47.80% | 15.08% | 8.76% | 40.23% |
Index Performance | ||||
Nasdaq US Smart Retail Index | 48.25% | 15.87% | 9.44% | 43.83% |
NASDAQ US Benchmark Retail Index | 49.02% | 42.13% | 22.67% | 127.70% |
NASDAQ US Benchmark Index | 33.55% | 15.46% | 13.87% | 68.71% |
Sector Allocation | % of Total Investments |
Consumer Discretionary | 65.6% |
Consumer Staples | 23.2 |
Health Care | 9.2 |
Industrials | 2.0 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
eBay, Inc. | 7.7% |
Kroger (The) Co. | 7.7 |
Walmart, Inc. | 7.2 |
Dollar General Corp. | 6.4 |
Amazon.com, Inc. | 6.3 |
Dick’s Sporting Goods, Inc. | 4.3 |
Target Corp. | 4.2 |
Costco Wholesale Corp. | 4.1 |
Best Buy Co., Inc. | 4.0 |
AmerisourceBergen Corp. | 4.0 |
Total | 55.9% |
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.
Number of Days Bid/Ask Midpoint At/Above NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
9/21/16 – 3/31/17 | 91 | 0 | 0 | 0 |
4/1/17 – 3/31/18 | 48 | 1 | 0 | 0 |
4/1/18 – 3/31/19 | 189 | 4 | 0 | 0 |
4/1/19 – 3/31/20 | 58 | 0 | 1 | 0 |
4/1/20– 9/30/20 | 93 | 0 | 0 | 0 |
Number of Days Bid/Ask Midpoint Below NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
9/21/16 – 3/31/17 | 42 | 0 | 0 | 0 |
4/1/17 – 3/31/18 | 201 | 0 | 0 | 0 |
4/1/18 – 3/31/19 | 57 | 1 | 0 | 0 |
4/1/19 – 3/31/20 | 194 | 0 | 0 | 0 |
4/1/20– 9/30/20 | 33 | 0 | 1 | 0 |
Performance | ||||
Average Annual Total Returns | Cumulative Total Returns | |||
6 Months Ended 9/30/20 | 1 Year Ended 9/30/20 | Inception (9/20/16) to 9/30/20 | Inception (9/20/16) to 9/30/20 | |
Fund Performance | ||||
NAV | 45.45% | 38.92% | 25.17% | 146.99% |
Market Price | 45.48% | 38.90% | 25.16% | 146.89% |
Index Performance | ||||
Nasdaq US Smart Semiconductor Index | 45.96% | 39.80% | 25.99% | 153.54% |
NASDAQ US Benchmark Semiconductors Index | 46.02% | 47.10% | 26.67% | 159.15% |
NASDAQ US Benchmark Index | 33.55% | 15.46% | 13.87% | 68.71% |
Sector Allocation | % of Total Investments |
Information Technology | 100.0% |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Marvell Technology Group Ltd. | 8.2% |
NVIDIA Corp. | 8.1 |
Texas Instruments, Inc. | 8.1 |
QUALCOMM, Inc. | 7.9 |
Maxim Integrated Products, Inc. | 7.9 |
Entegris, Inc. | 4.5 |
Broadcom, Inc. | 4.2 |
Intel Corp. | 4.1 |
Qorvo, Inc. | 4.0 |
Skyworks Solutions, Inc. | 4.0 |
Total | 61.0% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Number of Days Bid/Ask Midpoint At/Above NAV | ||||||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | ||||
9/21/16 – 3/31/17 | 106 | 15 | 0 | 0 | ||||
4/1/17 – 3/31/18 | 172 | 0 | 0 | 0 | ||||
4/1/18 – 3/31/19 | 168 | 6 | 1 | 0 | ||||
4/1/19 – 3/31/20 | 148 | 8 | 0 | 0 | ||||
4/1/20 – 9/30/20 | 52 | 0 | 0 | 0 | ||||
Number of Days Bid/Ask Midpoint Below NAV | ||||||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% | ||||
9/21/16 – 3/31/17 | 11 | 1 | 0 | 0 | ||||
4/1/17 – 3/31/18 | 78 | 0 | 0 | 0 | ||||
4/1/18 – 3/31/19 | 72 | 3 | 1 | 0 | ||||
4/1/19 – 3/31/20 | 93 | 1 | 2 | 1 | ||||
4/1/20 – 9/30/20 | 75 | 0 | 0 | 0 |
Performance | ||||
Average Annual Total Returns | Cumulative Total Returns | |||
6 Months Ended 9/30/20 | 1 Year Ended 9/30/20 | Inception (9/20/16) to 9/30/20 | Inception (9/20/16) to 9/30/20 | |
Fund Performance | ||||
NAV | 54.92% | 1.61% | 5.28% | 23.04% |
Market Price | 54.99% | 1.61% | 5.29% | 23.09% |
Index Performance | ||||
Nasdaq US Smart Transportation Index | 55.49% | 2.05% | 5.91% | 26.03% |
NASDAQ US Benchmark Industrial Transportation Index | 52.67% | 28.34% | 18.44% | 97.73% |
NASDAQ US Benchmark Index | 33.55% | 15.46% | 13.87% | 68.71% |
Sector Allocation | % of Total Investments |
Industrials | 64.6% |
Consumer Discretionary | 35.4 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
CH Robinson Worldwide, Inc. | 8.6% |
Expeditors International of Washington, Inc. | 8.5 |
General Motors Co. | 8.3 |
Knight-Swift Transportation Holdings, Inc. | 7.4 |
Tesla, Inc. | 7.1 |
Union Pacific Corp. | 4.2 |
United Parcel Service, Inc., Class B | 4.2 |
Delta Air Lines, Inc. | 4.1 |
BorgWarner, Inc. | 4.0 |
Gentex Corp. | 3.9 |
Total | 60.3% |
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.
Number of Days Bid/Ask Midpoint At/Above NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
9/21/16 – 3/31/17 | 91 | 7 | 0 | 0 |
4/1/17 – 3/31/18 | 128 | 0 | 0 | 0 |
4/1/18 – 3/31/19 | 115 | 2 | 0 | 0 |
4/1/19 – 3/31/20 | 138 | 0 | 0 | 0 |
4/1/20 – 9/30/20 | 85 | 0 | 0 | 0 |
Number of Days Bid/Ask Midpoint Below NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
9/21/16 – 3/31/17 | 34 | 1 | 0 | 0 |
4/1/17 – 3/31/18 | 122 | 0 | 0 | 0 |
4/1/18 – 3/31/19 | 128 | 6 | 0 | 0 |
4/1/19 – 3/31/20 | 115 | 0 | 0 | 0 |
4/1/20 – 9/30/20 | 42 | 0 | 0 | 0 |
Beginning Account Value April 1, 2020 | Ending Account Value September 30, 2020 | Annualized Expense Ratio Based on the Six-Month Period | Expenses Paid During the Six-Month Period (a) | |
First Trust Nasdaq Bank ETF (FTXO) | ||||
Actual | $1,000.00 | $1,102.30 | 0.60% | $3.16 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
First Trust Nasdaq Food & Beverage ETF (FTXG) | ||||
Actual | $1,000.00 | $1,225.50 | 0.60% | $3.35 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
First Trust Nasdaq Oil & Gas ETF (FTXN) | ||||
Actual | $1,000.00 | $1,168.80 | 0.60% | $3.26 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
First Trust Nasdaq Pharmaceuticals ETF (FTXH) | ||||
Actual | $1,000.00 | $1,239.70 | 0.60% | $3.37 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
First Trust Nasdaq Retail ETF (FTXD) | ||||
Actual | $1,000.00 | $1,475.80 | 0.60% | $3.72 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
Beginning Account Value April 1, 2020 | Ending Account Value September 30, 2020 | Annualized Expense Ratio Based on the Six-Month Period | Expenses Paid During the Six-Month Period (a) | |
First Trust Nasdaq Semiconductor ETF (FTXL) | ||||
Actual | $1,000.00 | $1,454.50 | 0.60% | $3.69 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
First Trust Nasdaq Transportation ETF (FTXR) | ||||
Actual | $1,000.00 | $1,549.20 | 0.60% | $3.83 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
(a) | Expenses are equal to the annualized expense ratios as indicated in the table multiplied by the average account value over the period (April 1, 2020 through September 30, 2020), multiplied by 183/365 (to reflect the six-month period). |
Shares | Description | Value | ||
COMMON STOCKS – 99.7% | ||||
Banks – 95.8% | ||||
102,888 | Bank of America Corp. | $2,478,572 | ||
51,784 | CIT Group, Inc. | 917,095 | ||
51,806 | Citigroup, Inc. | 2,233,357 | ||
102,371 | Citizens Financial Group, Inc. | 2,587,939 | ||
25,768 | Comerica, Inc. | 985,626 | ||
88,915 | Commerce Bancshares, Inc. | 5,005,025 | ||
144,010 | East West Bancorp, Inc. | 4,714,887 | ||
128,187 | Fifth Third Bancorp | 2,732,947 | ||
106,659 | First Horizon National Corp. | 1,005,794 | ||
46,911 | First Republic Bank | 5,116,114 | ||
281,439 | Huntington Bancshares, Inc. | 2,580,796 | ||
82,678 | KeyCorp | 986,348 | ||
25,647 | M&T Bank Corp. | 2,361,832 | ||
53,385 | PacWest Bancorp | 911,816 | ||
96,275 | People’s United Financial, Inc. | 992,595 | ||
23,816 | PNC Financial Services Group (The), Inc. | 2,617,617 | ||
18,683 | Prosperity Bancshares, Inc. | 968,340 | ||
229,095 | Regions Financial Corp. | 2,641,465 | ||
10,498 | Signature Bank | 871,229 | ||
20,740 | SVB Financial Group (a) | 4,990,459 | ||
46,575 | Synovus Financial Corp. | 985,993 | ||
37,894 | TCF Financial Corp. | 885,204 | ||
26,246 | Truist Financial Corp. | 998,660 | ||
72,757 | US Bancorp | 2,608,338 | ||
42,178 | Wells Fargo & Co. | 991,605 | ||
28,855 | Western Alliance Bancorp | 912,395 | ||
164,698 | Zions Bancorp N.A. | 4,812,476 | ||
59,894,524 | ||||
Thrifts & Mortgage Finance – 3.9% | ||||
292,634 | New York Community Bancorp, Inc. | 2,420,083 | ||
Total Investments – 99.7% | 62,314,607 | |||
(Cost $80,672,518) (b) | ||||
Net Other Assets and Liabilities – 0.3% | 171,796 | |||
Net Assets – 100.0% | $62,486,403 |
(a) | Non-income producing security. |
(b) | Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of September 30, 2020, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $207,343 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $18,565,254. The net unrealized depreciation was $18,357,911. |
Total Value at 9/30/2020 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 62,314,607 | $ 62,314,607 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 100.0% | ||||
Beverages – 16.3% | ||||
97 | Boston Beer (The) Co., Inc., Class A (a) | $85,686 | ||
411 | Brown-Forman Corp., Class B | 30,957 | ||
1,118 | Coca-Cola (The) Co. | 55,196 | ||
163 | Constellation Brands, Inc., Class A | 30,890 | ||
799 | Molson Coors Brewing Co., Class B | 26,814 | ||
1,021 | Monster Beverage Corp. (a) | 81,884 | ||
215 | PepsiCo, Inc. | 29,799 | ||
341,226 | ||||
Chemicals – 1.4% | ||||
1,053 | Corteva, Inc. | 30,337 | ||
Food & Staples Retailing – 1.3% | ||||
1,235 | US Foods Holding Corp. (a) | 27,442 | ||
Food Products – 75.5% | ||||
3,825 | Archer-Daniels-Midland Co. | 177,824 | ||
221 | Beyond Meat, Inc. (a) | 36,699 | ||
659 | Bunge Ltd. | 30,116 | ||
1,627 | Campbell Soup Co. | 78,698 | ||
2,232 | Conagra Brands, Inc. | 79,705 | ||
5,356 | Darling Ingredients, Inc. (a) | 192,977 | ||
2,677 | General Mills, Inc. | 165,117 | ||
202 | Hershey (The) Co. | 28,955 | ||
1,679 | Hormel Foods Corp. | 82,086 | ||
1,064 | Ingredion, Inc. | 80,524 | ||
1,425 | JM Smucker (The) Co. | 164,616 | ||
2,415 | Kellogg Co. | 155,985 | ||
2,443 | Kraft Heinz (The) Co. | 73,168 | ||
478 | Lamb Weston Holdings, Inc. | 31,677 | ||
181 | McCormick & Co., Inc. | 35,132 | ||
1,465 | Mondelez International, Inc., Class A | 84,164 | ||
342 | Post Holdings, Inc. (a) | 29,412 | ||
257 | Sanderson Farms, Inc. | 30,318 | ||
479 | Tyson Foods, Inc., Class A | 28,491 | ||
1,585,664 | ||||
Personal Products – 5.5% | ||||
612 | Herbalife Nutrition Ltd. (a) | 28,550 | ||
526 | Medifast, Inc. | 86,500 | ||
115,050 | ||||
Total Investments – 100.0% | 2,099,719 | |||
(Cost $2,013,016) (b) | ||||
Net Other Assets and Liabilities – 0.0% | 859 | |||
Net Assets – 100.0% | $2,100,578 |
(a) | Non-income producing security. |
(b) | Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of September 30, 2020, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $176,331 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $89,628. The net unrealized appreciation was $86,703. |
Total Value at 9/30/2020 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 2,099,719 | $ 2,099,719 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 100.0% | ||||
Energy Equipment & Services – 3.6% | ||||
7,076 | Baker Hughes Co. | $94,040 | ||
6,245 | Halliburton Co. | 75,253 | ||
6,132 | Helmerich & Payne, Inc. | 89,834 | ||
8,420 | National Oilwell Varco, Inc. | 76,285 | ||
26,245 | Patterson-UTI Energy, Inc. | 74,798 | ||
5,316 | Schlumberger Ltd. | 82,717 | ||
82,823 | Transocean Ltd. (a) | 66,830 | ||
559,757 | ||||
Oil, Gas & Consumable Fuels – 96.4% | ||||
58,045 | Antero Midstream Corp. | 311,702 | ||
6,828 | Apache Corp. | 64,661 | ||
76,733 | Cabot Oil & Gas Corp. | 1,332,085 | ||
15,240 | Callon Petroleum Co. (a) | 73,457 | ||
27,966 | Cheniere Energy, Inc. (a) | 1,293,987 | ||
8,672 | Chevron Corp. | 624,384 | ||
3,638 | Cimarex Energy Co. | 88,513 | ||
66,406 | CNX Resources Corp. (a) | 626,873 | ||
1,944 | Concho Resources, Inc. | 85,769 | ||
17,595 | ConocoPhillips | 577,820 | ||
6,424 | Delek US Holdings, Inc. | 71,499 | ||
9,296 | Devon Energy Corp. | 87,940 | ||
2,593 | Diamondback Energy, Inc. | 78,101 | ||
12,206 | EOG Resources, Inc. | 438,684 | ||
82,759 | EQT Corp. | 1,070,074 | ||
70,798 | Equitrans Midstream Corp. | 598,951 | ||
32,568 | Exxon Mobil Corp. | 1,118,059 | ||
2,194 | Hess Corp. | 89,800 | ||
10,821 | HollyFrontier Corp. | 213,282 | ||
52,664 | Kinder Morgan, Inc. | 649,347 | ||
68,738 | Kosmos Energy Ltd. | 67,061 | ||
93,042 | Marathon Oil Corp. | 380,542 | ||
2,849 | Marathon Petroleum Corp. | 83,590 | ||
26,485 | Matador Resources, Co. (a) | 218,766 | ||
42,290 | Murphy Oil Corp. | 377,227 | ||
7,931 | Occidental Petroleum Corp. | 79,389 | ||
3,677 | ONEOK, Inc. | 95,528 | ||
9,400 | Parsley Energy, Inc., Class A | 87,984 | ||
11,805 | PBF Energy, Inc., Class A | 67,170 | ||
24,961 | PDC Energy, Inc. (a) | 309,392 | ||
8,106 | Phillips 66 | 420,215 | ||
5,618 | Pioneer Natural Resources Co. | 483,092 | ||
195,123 | Range Resources Corp. | 1,291,714 | ||
41,582 | SM Energy Co. | 66,115 | ||
54,655 | Southwestern Energy Co. (a) | 128,439 | ||
5,941 | Targa Resources Corp. | 83,352 | ||
6,865 | Valero Energy Corp. | 297,392 | ||
35,059 | Williams (The) Cos., Inc. | 688,909 |
Shares | Description | Value | ||
Oil, Gas & Consumable Fuels (Continued) | ||||
18,173 | WPX Energy, Inc. (a) | $89,048 | ||
14,809,913 | ||||
Total Investments – 100.0% | 15,369,670 | |||
(Cost $16,943,180) (b) | ||||
Net Other Assets and Liabilities – 0.0% | 1,545 | |||
Net Assets – 100.0% | $15,371,215 |
(a) | Non-income producing security. |
(b) | Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of September 30, 2020, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $357,672 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $1,931,182. The net unrealized depreciation was $1,573,510. |
Total Value at 9/30/2020 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 15,369,670 | $ 15,369,670 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 99.9% | ||||
Biotechnology – 17.9% | ||||
13,505 | AbbVie, Inc. | $1,182,903 | ||
13,497 | Alkermes PLC (a) | 223,645 | ||
15,290 | Amicus Therapeutics, Inc. (a) | 215,895 | ||
2,883 | Blueprint Medicines Corp. (a) | 267,254 | ||
6,184 | Esperion Therapeutics, Inc. (a) | 229,859 | ||
19,147 | Flexion Therapeutics, Inc. (a) | 199,320 | ||
15,611 | Heron Therapeutics, Inc. (a) | 231,355 | ||
22,104 | Ironwood Pharmaceuticals, Inc. (a) | 198,826 | ||
2,073 | Madrigal Pharmaceuticals, Inc. (a) | 246,127 | ||
2,995,184 | ||||
Health Care Equipment & Supplies – 4.1% | ||||
6,303 | Abbott Laboratories | 685,956 | ||
Health Care Providers & Services – 3.8% | ||||
13,593 | Cardinal Health, Inc. | 638,191 | ||
Pharmaceuticals – 74.1% | ||||
22,186 | Bristol-Myers Squibb Co. | 1,337,594 | ||
7,459 | Catalent, Inc. (a) | 638,938 | ||
7,682 | Elanco Animal Health, Inc. (a) | 214,558 | ||
4,650 | Eli Lilly & Co. | 688,293 | ||
74,168 | Endo International PLC (a) | 244,754 | ||
18,370 | Horizon Therapeutics PLC (a) | 1,426,982 | ||
5,134 | Jazz Pharmaceuticals PLC (a) | 732,057 | ||
8,996 | Johnson & Johnson | 1,339,325 | ||
141,293 | Mallinckrodt PLC (a) | 137,520 | ||
8,092 | Merck & Co., Inc. | 671,231 | ||
39,005 | Mylan N.V. (a) | 578,444 | ||
11,036 | Pacira BioSciences, Inc. (a) | 663,484 | ||
13,129 | Perrigo Co. PLC | 602,752 | ||
36,481 | Pfizer, Inc. | 1,338,853 | ||
18,940 | Prestige Consumer Healthcare, Inc. (a) | 689,795 | ||
10,152 | Supernus Pharmaceuticals, Inc. (a) | 211,568 | ||
4,310 | Zoetis, Inc. | 712,745 | ||
9,432 | Zogenix, Inc. (a) | 169,116 | ||
12,398,009 | ||||
Total Investments – 99.9% | 16,717,340 | |||
(Cost $16,324,360) (b) | ||||
Net Other Assets and Liabilities – 0.1% | 22,699 | |||
Net Assets – 100.0% | $16,740,039 |
(a) | Non-income producing security. |
(b) | Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of September 30, 2020, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $1,124,883 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $731,903. The net unrealized appreciation was $392,980. |
Total Value at 9/30/2020 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 16,717,340 | $ 16,717,340 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 100.0% | ||||
Commercial Services & Supplies – 1.5% | ||||
927 | Copart, Inc. (a) | $97,483 | ||
Diversified Consumer Services – 1.7% | ||||
751 | Grand Canyon Education, Inc. (a) | 60,035 | ||
1,227 | H&R Block, Inc. | 19,988 | ||
446 | ServiceMaster Global Holdings, Inc. (a) | 17,787 | ||
758 | WW International, Inc. (a) | 14,303 | ||
112,113 | ||||
Food & Staples Retailing – 23.2% | ||||
771 | Costco Wholesale Corp. | 273,705 | ||
15,034 | Kroger (The) Co. | 509,803 | ||
1,366 | Rite Aid Corp. (a) | 12,963 | ||
296 | Sysco Corp. | 18,417 | ||
6,934 | Walgreens Boots Alliance, Inc. | 249,069 | ||
3,403 | Walmart, Inc. | 476,114 | ||
1,540,071 | ||||
Health Care Providers & Services – 9.2% | ||||
2,764 | AmerisourceBergen Corp. | 267,887 | ||
4,317 | CVS Health Corp. | 252,113 | ||
622 | McKesson Corp. | 92,634 | ||
612,634 | ||||
Internet & Direct Marketing Retail – 18.4% | ||||
134 | Amazon.com, Inc. (a) | 421,930 | ||
769 | Chewy, Inc., Class A (a) | 42,164 | ||
9,792 | eBay, Inc. | 510,163 | ||
1,936 | Etsy, Inc. (a) | 235,476 | ||
246 | GrubHub, Inc. (a) | 17,793 | ||
1,227,526 | ||||
Multiline Retail – 11.8% | ||||
2,036 | Dollar General Corp. | 426,786 | ||
195 | Dollar Tree, Inc. (a) | 17,811 | ||
833 | Kohl’s Corp. | 15,436 | ||
2,552 | Macy’s, Inc. | 14,547 | ||
1,112 | Nordstrom, Inc. | 13,255 | ||
186 | Ollie’s Bargain Outlet Holdings, Inc. (a) | 16,247 | ||
1,774 | Target Corp. | 279,263 | ||
783,345 | ||||
Road & Rail – 0.5% | ||||
600 | Lyft, Inc., Class A (a) | 16,530 | ||
529 | Uber Technologies, Inc. (a) | 19,298 | ||
35,828 |
Shares | Description | Value | ||
Specialty Retail – 33.7% | ||||
370 | Advance Auto Parts, Inc. | $56,795 | ||
1,411 | American Eagle Outfitters, Inc. | 20,897 | ||
159 | AutoZone, Inc. (a) | 187,245 | ||
1,460 | Bed Bath & Beyond, Inc. | 21,871 | ||
2,418 | Best Buy Co., Inc. | 269,099 | ||
90 | Burlington Stores, Inc. (a) | 18,548 | ||
166 | CarMax, Inc. (a) | 15,257 | ||
748 | Carvana Co. (a) | 166,849 | ||
891 | Children’s Place (The), Inc. | 25,260 | ||
4,956 | Dick’s Sporting Goods, Inc. | 286,853 | ||
163 | Five Below, Inc. (a) | 20,701 | ||
586 | Foot Locker, Inc. | 19,356 | ||
1,023 | Gap (The), Inc. | 17,422 | ||
545 | Home Depot (The), Inc. | 151,352 | ||
605 | L Brands, Inc. | 19,245 | ||
1,491 | Lowe’s Cos., Inc. | 247,297 | ||
265 | O’Reilly Automotive, Inc. (a) | 122,186 | ||
680 | RH (a) | 260,182 | ||
195 | Ross Stores, Inc. | 18,197 | ||
325 | TJX (The) Cos., Inc. | 18,086 | ||
1,802 | Tractor Supply Co. | 258,299 | ||
77 | Ulta Beauty, Inc. (a) | 17,246 | ||
2,238,243 | ||||
Total Investments – 100.0% | 6,647,243 | |||
(Cost $5,962,881) (b) | ||||
Net Other Assets and Liabilities – 0.0% | 1,432 | |||
Net Assets – 100.0% | $6,648,675 |
(a) | Non-income producing security. |
(b) | Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of September 30, 2020, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $802,346 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $117,984. The net unrealized appreciation was $684,362. |
Total Value at 9/30/2020 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 6,647,243 | $ 6,647,243 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 99.9% | ||||
Semiconductors & Semiconductor Equipment – 99.9% | ||||
22,143 | Advanced Micro Devices, Inc. (a) | $1,815,505 | ||
6,452 | Analog Devices, Inc. | 753,207 | ||
12,243 | Applied Materials, Inc. | 727,846 | ||
5,793 | Broadcom, Inc. | 2,110,506 | ||
4,952 | Cabot Microelectronics Corp. | 707,195 | ||
12,447 | Cirrus Logic, Inc. (a) | 839,550 | ||
11,952 | Cree, Inc. (a) | 761,821 | ||
30,065 | Entegris, Inc. | 2,235,032 | ||
6,617 | Inphi, Corp. (a) | 742,758 | ||
39,471 | Intel Corp. | 2,043,808 | ||
3,676 | KLA Corp. | 712,188 | ||
2,242 | Lam Research Corp. | 743,784 | ||
26,369 | Lattice Semiconductor Corp. (a) | 763,646 | ||
103,717 | Marvell Technology Group Ltd. | 4,117,565 | ||
58,769 | Maxim Integrated Products, Inc. | 3,973,372 | ||
6,875 | Microchip Technology, Inc. | 706,475 | ||
16,571 | Micron Technology, Inc. (a) | 778,174 | ||
6,309 | MKS Instruments, Inc. | 689,132 | ||
2,823 | Monolithic Power Systems, Inc. | 789,339 | ||
7,518 | NVIDIA Corp. | 4,068,892 | ||
35,290 | ON Semiconductor Corp. (a) | 765,440 | ||
35,931 | Power Integrations, Inc. | 1,990,577 | ||
15,678 | Qorvo, Inc. (a) | 2,022,619 | ||
33,771 | QUALCOMM, Inc. | 3,974,171 | ||
12,858 | Semtech Corp. (a) | 680,960 | ||
7,364 | Silicon Laboratories, Inc. (a) | 720,567 | ||
13,884 | Skyworks Solutions, Inc. | 2,020,122 | ||
23,668 | Teradyne, Inc. | 1,880,659 | ||
28,295 | Texas Instruments, Inc. | 4,040,243 | ||
19,307 | Xilinx, Inc. | 2,012,562 | ||
Total Investments – 99.9% | 50,187,715 | |||
(Cost $42,173,866) (b) | ||||
Net Other Assets and Liabilities – 0.1% | 41,641 | |||
Net Assets – 100.0% | $50,229,356 |
(a) | Non-income producing security. |
(b) | Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of September 30, 2020, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $8,147,747 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $133,898. The net unrealized appreciation was $8,013,849. |
Total Value at 9/30/2020 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 50,187,715 | $ 50,187,715 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 99.9% | ||||
Air Freight & Logistics – 25.2% | ||||
526,446 | CH Robinson Worldwide, Inc. | $53,797,517 | ||
585,464 | Expeditors International of Washington, Inc. | 52,996,201 | ||
52,314 | FedEx Corp. | 13,158,017 | ||
158,138 | United Parcel Service, Inc., Class B | 26,350,535 | ||
130,281 | XPO Logistics, Inc. (a) | 11,029,590 | ||
157,331,860 | ||||
Airlines – 14.7% | ||||
295,251 | Alaska Air Group, Inc. | 10,815,044 | ||
881,209 | American Airlines Group, Inc. | 10,830,059 | ||
838,726 | Delta Air Lines, Inc. | 25,648,241 | ||
998,251 | JetBlue Airways Corp. (a) | 11,310,184 | ||
306,012 | Southwest Airlines Co. | 11,475,450 | ||
643,161 | Spirit Airlines, Inc. (a) | 10,354,892 | ||
319,441 | United Airlines Holdings, Inc. (a) | 11,100,575 | ||
91,534,445 | ||||
Auto Components – 13.1% | ||||
133,532 | Aptiv PLC | 12,242,214 | ||
637,467 | BorgWarner, Inc. | 24,695,471 | ||
956,548 | Gentex Corp. | 24,631,111 | ||
1,198,520 | Goodyear Tire & Rubber (The) Co. | 9,192,648 | ||
100,935 | Lear Corp. | 11,006,962 | ||
81,768,406 | ||||
Automobiles – 18.8% | ||||
1,686,201 | Ford Motor Co. | 11,230,099 | ||
1,746,519 | General Motors Co. | 51,679,497 | ||
415,006 | Harley-Davidson, Inc. | 10,184,247 | ||
103,847 | Tesla, Inc. (a) | 44,551,402 | ||
117,645,245 | ||||
Distributors – 3.5% | ||||
121,768 | Genuine Parts Co. | 11,588,661 | ||
362,313 | LKQ Corp. (a) | 10,046,939 | ||
21,635,600 | ||||
Road & Rail – 24.6% | ||||
150,402 | CSX Corp. | 11,681,723 | ||
184,108 | JB Hunt Transport Services, Inc. | 23,267,569 | ||
63,171 | Kansas City Southern | 11,423,212 | ||
1,138,351 | Knight-Swift Transportation Holdings, Inc. | 46,330,886 | ||
54,107 | Norfolk Southern Corp. | 11,578,357 | ||
127,984 | Old Dominion Freight Line, Inc. | 23,154,865 |
Shares | Description | Value | ||
Road & Rail (Continued) | ||||
134,460 | Union Pacific Corp. | $26,471,140 | ||
153,907,752 | ||||
Total Investments – 99.9% | 623,823,308 | |||
(Cost $644,304,412) (b) | ||||
Net Other Assets and Liabilities – 0.1% | 818,775 | |||
Net Assets – 100.0% | $624,642,083 |
(a) | Non-income producing security. |
(b) | Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of September 30, 2020, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $5,336,901 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $25,818,005. The net unrealized depreciation was $20,481,104. |
Total Value at 9/30/2020 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 623,823,308 | $ 623,823,308 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
First Trust Nasdaq Bank ETF (FTXO) | First Trust Nasdaq Food & Beverage ETF (FTXG) | First Trust Nasdaq Oil & Gas ETF (FTXN) | |||
ASSETS: | |||||
Investments, at value | $ 62,314,607 | $ 2,099,719 | $ 15,369,670 | ||
Cash | 30,714 | — | 4,691 | ||
Receivables: | |||||
Dividends | 173,000 | 2,032 | 5,382 | ||
Fund shares sold | — | — | — | ||
Dividend reclaims | — | — | — | ||
Securities lending income | — | — | 13 | ||
Total Assets | 62,518,321 | 2,101,751 | 15,379,756 | ||
LIABILITIES: | |||||
Due to custodian | — | 139 | — | ||
Payables: | |||||
Investment advisory fees | 31,918 | 1,034 | 8,541 | ||
Investment securities purchased | — | — | — | ||
Total Liabilities | 31,918 | 1,173 | 8,541 | ||
NET ASSETS | $62,486,403 | $2,100,578 | $15,371,215 | ||
NET ASSETS consist of: | |||||
Paid-in capital | $ 154,200,446 | $ 2,606,742 | $ 23,875,594 | ||
Par value | 37,000 | 1,000 | 16,500 | ||
Accumulated distributable earnings (loss) | (91,751,043) | (507,164) | (8,520,879) | ||
NET ASSETS | $62,486,403 | $2,100,578 | $15,371,215 | ||
NET ASSET VALUE, per share | $16.89 | $21.01 | $9.32 | ||
Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per share) | 3,700,002 | 100,002 | 1,650,002 | ||
Investments, at cost | $80,672,518 | $2,013,016 | $16,943,180 |
First Trust Nasdaq Pharmaceuticals ETF (FTXH) | First Trust Nasdaq Retail ETF (FTXD) | First Trust Nasdaq Semiconductor ETF (FTXL) | First Trust Nasdaq Transportation ETF (FTXR) | |||
$ 16,717,340 | $ 6,647,243 | $ 50,187,715 | $ 623,823,308 | |||
18,940 | 2,714 | 60,695 | 977,376 | |||
11,151 | 1,855 | 4,326 | 4,889 | |||
— | — | — | 1,170,002 | |||
286 | — | — | 79 | |||
— | — | — | — | |||
16,747,717 | 6,651,812 | 50,252,736 | 625,975,654 | |||
— | — | — | — | |||
7,678 | 3,137 | 23,380 | 165,331 | |||
— | — | — | 1,168,240 | |||
7,678 | 3,137 | 23,380 | 1,333,571 | |||
$ 16,740,039 | $ 6,648,675 | $ 50,229,356 | $ 624,642,083 | |||
$ 16,546,997 | $ 7,553,487 | $ 44,000,873 | $ 637,222,640 | |||
7,000 | 2,500 | 10,500 | 267,000 | |||
186,042 | (907,312) | 6,217,983 | (12,847,557) | |||
$ 16,740,039 | $ 6,648,675 | $ 50,229,356 | $ 624,642,083 | |||
$23.91 | $26.59 | $47.84 | $23.39 | |||
700,002 | 250,002 | 1,050,002 | 26,700,002 | |||
$16,324,360 | $5,962,881 | $42,173,866 | $644,304,412 |
First Trust Nasdaq Bank ETF (FTXO) | First Trust Nasdaq Food & Beverage ETF (FTXG) | First Trust Nasdaq Oil & Gas ETF (FTXN) | ||||
INVESTMENT INCOME: | ||||||
Dividends | $ 1,341,638 | $ 25,727 | $ 319,836 | |||
Interest | 9 | — | 3 | |||
Securities lending income (net of fees) | — | — | 20 | |||
Other | — | — | 22 | |||
Total investment income | 1,341,647 | 25,727 | 319,881 | |||
EXPENSES: | ||||||
Investment advisory fees | 192,705 | 7,667 | 51,055 | |||
Total expenses | 192,705 | 7,667 | 51,055 | |||
NET INVESTMENT INCOME (LOSS) | 1,148,942 | 18,060 | 268,826 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS): | ||||||
Net realized gain (loss) on: | ||||||
Investments | (19,271,973) | (344,826) | (292,425) | |||
In-kind redemptions | (1,237,698) | 54,651 | 97,760 | |||
Net realized gain (loss) | (20,509,671) | (290,175) | (194,665) | |||
Net change in unrealized appreciation (depreciation) on investments | 25,266,039 | 804,710 | 557,085 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS) | 4,756,368 | 514,535 | 362,420 | |||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ 5,905,310 | $ 532,595 | $ 631,246 |
First Trust Nasdaq Pharmaceuticals ETF (FTXH) | First Trust Nasdaq Retail ETF (FTXD) | First Trust Nasdaq Semiconductor ETF (FTXL) | First Trust Nasdaq Transportation ETF (FTXR) | ||||
$91,655 | $25,910 | $264,340 | $29,279 | ||||
1 | — | 2 | 4 | ||||
— | — | — | — | ||||
— | — | — | — | ||||
91,656 | 25,910 | 264,342 | 29,283 | ||||
36,522 | 12,588 | 126,762 | 179,314 | ||||
36,522 | 12,588 | 126,762 | 179,314 | ||||
55,134 | 13,322 | 137,580 | (150,031) | ||||
(459,641) | (352,406) | (589,132) | (2,334,517) | ||||
1,042,795 | (38,289) | 2,700,347 | 10,659,793 | ||||
583,154 | (390,695) | 2,111,215 | 8,325,276 | ||||
1,359,546 | 1,788,303 | 12,300,472 | (20,086,269) | ||||
1,942,700 | 1,397,608 | 14,411,687 | (11,760,993) | ||||
$1,997,834 | $1,410,930 | $14,549,267 | $(11,911,024) |
First Trust Nasdaq Bank ETF (FTXO) | First Trust Nasdaq Food & Beverage ETF (FTXG) | ||||||
Six Months Ended 9/30/2020 (Unaudited) | Year Ended 3/31/2020 | Six Months Ended 9/30/2020 (Unaudited) | Year Ended 3/31/2020 | ||||
OPERATIONS: | |||||||
Net investment income (loss) | $ 1,148,942 | $ 3,666,268 | $ 18,060 | $ 52,298 | |||
Net realized gain (loss) | (20,509,671) | (14,238,137) | (290,175) | 457,279 | |||
Net change in unrealized appreciation (depreciation) | 25,266,039 | (20,119,560) | 804,710 | (837,798) | |||
Net increase (decrease) in net assets resulting from operations | 5,905,310 | (30,691,429) | 532,595 | (328,221) | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations | (1,293,641) | (3,868,010) | (19,465) | (51,985) | |||
Return of capital | — | — | — | — | |||
Total distributions to shareholders | (1,293,641) | (3,868,010) | (19,465) | (51,985) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold | 4,565,827 | 20,330,421 | — | 6,337,625 | |||
Cost of shares redeemed | (5,349,243) | (95,560,223) | (1,004,859) | (5,370,720) | |||
Net increase (decrease) in net assets resulting from shareholder transactions | (783,416) | (75,229,802) | (1,004,859) | 966,905 | |||
Total increase (decrease) in net assets | 3,828,253 | (109,789,241) | (491,729) | 586,699 | |||
NET ASSETS: | |||||||
Beginning of period | 58,658,150 | 168,447,391 | 2,592,307 | 2,005,608 | |||
End of period | $62,486,403 | $58,658,150 | $2,100,578 | $2,592,307 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period | 3,750,002 | 6,900,002 | 150,002 | 100,002 | |||
Shares sold | 250,000 | 800,000 | — | 300,000 | |||
Shares redeemed | (300,000) | (3,950,000) | (50,000) | (250,000) | |||
Shares outstanding, end of period | 3,700,002 | 3,750,002 | 100,002 | 150,002 |
First Trust Nasdaq Oil & Gas ETF (FTXN) | First Trust Nasdaq Pharmaceuticals ETF (FTXH) | First Trust Nasdaq Retail ETF (FTXD) | ||||||||
Six Months Ended 9/30/2020 (Unaudited) | Year Ended 3/31/2020 | Six Months Ended 9/30/2020 (Unaudited) | Year Ended 3/31/2020 | Six Months Ended 9/30/2020 (Unaudited) | Year Ended 3/31/2020 | |||||
$ 268,826 | $ 172,452 | $ 55,134 | $ 62,083 | $ 13,322 | $ 81,421 | |||||
(194,665) | (2,772,545) | 583,154 | 675,467 | (390,695) | 853,132 | |||||
557,085 | (1,452,086) | 1,359,546 | (1,041,156) | 1,788,303 | (1,325,454) | |||||
631,246 | (4,052,179) | 1,997,834 | (303,606) | 1,410,930 | (390,901) | |||||
(266,615) | (179,319) | (53,285) | (63,555) | (19,680) | (96,141) | |||||
— | (6,197) | — | — | — | — | |||||
(266,615) | (185,516) | (53,285) | (63,555) | (19,680) | (96,141) | |||||
8,607,719 | 12,391,122 | 11,428,391 | 4,298,507 | 2,689,066 | 2,487,585 | |||||
(486,466) | (13,561,689) | (2,442,429) | (3,497,323) | (1,050,924) | (7,315,467) | |||||
8,121,253 | (1,170,567) | 8,985,962 | 801,184 | 1,638,142 | (4,827,882) | |||||
8,485,884 | (5,408,262) | 10,930,511 | 434,023 | 3,029,392 | (5,314,924) | |||||
6,885,331 | 12,293,593 | 5,809,528 | 5,375,505 | 3,619,283 | 8,934,207 | |||||
$15,371,215 | $6,885,331 | $16,740,039 | $5,809,528 | $6,648,675 | $3,619,283 | |||||
850,002 | 650,002 | 300,002 | 250,002 | 200,002 | 400,002 | |||||
850,000 | 1,300,000 | 500,000 | 200,000 | 100,000 | 100,000 | |||||
(50,000) | (1,100,000) | (100,000) | (150,000) | (50,000) | (300,000) | |||||
1,650,002 | 850,002 | 700,002 | 300,002 | 250,002 | 200,002 |
First Trust Nasdaq Semiconductor ETF (FTXL) | First Trust Nasdaq Transportation ETF (FTXR) | ||||||
Six Months Ended 9/30/2020 (Unaudited) | Year Ended 3/31/2020 | Six Months Ended 9/30/2020 (Unaudited) | Year Ended 3/31/2020 | ||||
OPERATIONS: | |||||||
Net investment income (loss) | $ 137,580 | $ 346,704 | $ (150,031) | $ 28,799 | |||
Net realized gain (loss) | 2,111,215 | 2,536,052 | 8,325,276 | 128,146 | |||
Net change in unrealized appreciation (depreciation) | 12,300,472 | (4,808,273) | (20,086,269) | (382,690) | |||
Net increase (decrease) in net assets resulting from operations | 14,549,267 | (1,925,517) | (11,911,024) | (225,745) | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations | (149,445) | (356,856) | (9,840) | (28,821) | |||
Return of capital | — | — | — | — | |||
Total distributions to shareholders | (149,445) | (356,856) | (9,840) | (28,821) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold | 20,964,414 | 33,122,477 | 701,818,460 | 6,534,030 | |||
Cost of shares redeemed | (16,487,731) | (29,728,784) | (66,766,871) | (7,101,369) | |||
Net increase (decrease) in net assets resulting from shareholder transactions | 4,476,683 | 3,393,693 | 635,051,589 | (567,339) | |||
Total increase (decrease) in net assets | 18,876,505 | 1,111,320 | 623,130,725 | (821,905) | |||
NET ASSETS: | |||||||
Beginning of period | 31,352,851 | 30,241,531 | 1,511,358 | 2,333,263 | |||
End of period | $50,229,356 | $31,352,851 | $624,642,083 | $1,511,358 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period | 950,002 | 950,002 | 100,002 | 100,002 | |||
Shares sold | 500,000 | 900,000 | 29,400,000 | 300,000 | |||
Shares redeemed | (400,000) | (900,000) | (2,800,000) | (300,000) | |||
Shares outstanding, end of period | 1,050,002 | 950,002 | 26,700,002 | 100,002 |
Six Months Ended 9/30/2020 (Unaudited) | Year Ended March 31, | Period Ended 3/31/2017 (a) | |||||||
2020 | 2019 | 2018 | |||||||
Net asset value, beginning of period | $ 15.64 | $ 24.41 | $ 29.50 | $ 25.94 | $ 20.01 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.32 | 0.73 | 0.84 | 0.40 | 0.07 | ||||
Net realized and unrealized gain (loss) | 1.29 | (8.77) | (5.14) | 3.56 | 5.91 | ||||
Total from investment operations | 1.61 | (8.04) | (4.30) | 3.96 | 5.98 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.36) | (0.73) | (0.79) | (0.40) | (0.05) | ||||
Net asset value, end of period | $16.89 | $15.64 | $24.41 | $29.50 | $25.94 | ||||
Total return (b) | 10.23% | (33.93)% | (14.49)% | 15.35% | 29.89% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 62,486 | $ 58,658 | $ 168,447 | $ 1,314,444 | $ 1,027,400 | ||||
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 | 3.58% (c) | 2.69% | 1.83% | 1.47% | 4.05% (c) | ||||
Portfolio turnover rate (d) | 70% | 59% | 87% | 39% | 7% |
(a) | Inception date is September 20, 2016, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | 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 9/30/2020 (Unaudited) | Year Ended March 31, | Period Ended 3/31/2017 (a) | |||||||
2020 | 2019 | 2018 | |||||||
Net asset value, beginning of period | $ 17.28 | $ 20.06 | $ 19.71 | $ 20.63 | $ 19.96 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.15 | 0.27 | 0.27 | 0.35 | 0.14 | ||||
Net realized and unrealized gain (loss) | 3.74 | (2.77) | 0.33 | (0.95) | 0.64 | ||||
Total from investment operations | 3.89 | (2.50) | 0.60 | (0.60) | 0.78 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.16) | (0.28) | (0.25) | (0.32) | (0.11) | ||||
Net asset value, end of period | $21.01 | $17.28 | $20.06 | $19.71 | $20.63 | ||||
Total return (b) | 22.55% | (12.69)% | 3.13% | (2.96)% | 3.91% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 2,101 | $ 2,592 | $ 2,006 | $ 985 | $ 5,158 | ||||
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 | 1.41% (c) | 1.58% | 1.55% | 1.53% | 1.58% (c) | ||||
Portfolio turnover rate (d) | 84% | 59% | 108% | 76% | 54% |
(a) | Inception date is September 20, 2016, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Six Months Ended 9/30/2020 (Unaudited) | Year Ended March 31, | Period Ended 3/31/2017 (a) | |||||||
2020 | 2019 | 2018 | |||||||
Net asset value, beginning of period | $ 8.10 | $ 18.91 | $ 19.95 | $ 20.63 | $ 19.84 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.16 | 0.31 | 0.41 | 0.36 | 0.14 | ||||
Net realized and unrealized gain (loss) | 1.22 | (10.79) | (1.06) | (0.67) | 0.80 | ||||
Total from investment operations | 1.38 | (10.48) | (0.65) | (0.31) | 0.94 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.16) | (0.32) | (0.39) | (0.33) | (0.15) | ||||
Return of capital | — | (0.01) | — | (0.04) | — | ||||
Total distributions | (0.16) | (0.33) | (0.39) | (0.37) | (0.15) | ||||
Net asset value, end of period | $9.32 | $8.10 | $18.91 | $19.95 | $20.63 | ||||
Total return (b) | 16.88% | (56.26)% | (3.27)% | (1.47)% | 4.75% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 15,371 | $ 6,885 | $ 12,294 | $ 3,991 | $ 2,063 | ||||
Ratio of total expenses to average net assets | 0.60% (c) | 0.60% | 0.60% | 0.60% | 0.61% (c) (d) | ||||
Ratio of net investment income (loss) to average net assets | 3.16% (c) | 2.14% | 1.69% | 1.96% | 1.30% (c) | ||||
Portfolio turnover rate (e) | 97% | 76% | 126% | 92% | 58% |
(a) | Inception date is September 20, 2016, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Includes excise tax. If this excise tax was not included, the expense ratio would have been 0.60%. |
(e) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Six Months Ended 9/30/2020 (Unaudited) | Year Ended March 31, | Period Ended 3/31/2017 (a) | |||||||
2020 | 2019 | 2018 | |||||||
Net asset value, beginning of period | $ 19.36 | $ 21.50 | $ 21.14 | $ 19.83 | $ 20.12 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.09 | 0.18 | 0.13 | 0.17 | 0.06 | ||||
Net realized and unrealized gain (loss) | 4.55 | (2.13) | 0.35 | 1.65 | (0.28) | ||||
Total from investment operations | 4.64 | (1.95) | 0.48 | 1.82 | (0.22) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.09) | (0.19) | (0.12) | (0.17) | (0.06) | ||||
Net realized gain | — | — | — | (0.34) | (0.01) | ||||
Total distributions | (0.09) | (0.19) | (0.12) | (0.51) | (0.07) | ||||
Net asset value, end of period | $23.91 | $19.36 | $21.50 | $21.14 | $19.83 | ||||
Total return (b) | 23.97% | (9.13)% | 2.30% | 9.32% | (1.10)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 16,740 | $ 5,810 | $ 5,376 | $ 2,114 | $ 1,983 | ||||
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 | 0.90% (c) | 0.85% | 0.69% | 0.80% | 0.64% (c) | ||||
Portfolio turnover rate (d) | 41% | 42% | 107% | 70% | 48% |
(a) | Inception date is September 20, 2016, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Six Months Ended 9/30/2020 (Unaudited) | Year Ended March 31, | Period Ended 3/31/2017 (a) | |||||||
2020 | 2019 | 2018 | |||||||
Net asset value, beginning of period | $ 18.10 | $ 22.34 | $ 20.86 | $ 19.68 | $ 19.90 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.81 | 0.27 | 0.21 | 0.31 | 0.15 | ||||
Net realized and unrealized gain (loss) | 8.52 | (4.22) | 1.45 | 1.18 | (0.24) | ||||
Total from investment operations | 9.33 | (3.95) | 1.66 | 1.49 | (0.09) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.84) | (0.29) | (0.18) | (0.31) | (0.13) | ||||
Net asset value, end of period | $26.59 | $18.10 | $22.34 | $20.86 | $19.68 | ||||
Total return (b) | 47.58% | (17.90)% | 7.98% | 7.63% | (0.45)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 6,649 | $ 3,619 | $ 8,934 | $ 1,043 | $ 1,968 | ||||
Ratio of total expenses to average net assets | 0.60% (c) | 0.60% | 0.60% | 0.60% | 0.61% (c) (d) | ||||
Ratio of net investment income (loss) to average net assets | 0.63% (c) | 1.11% | 1.41% | 1.54% | 1.44% (c) | ||||
Portfolio turnover rate (e) | 65% | 65% | 127% | 126% | 65% |
(a) | Inception date is September 20, 2016, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Includes excise tax. If this excise tax was not included, the expense ratio would have been 0.60%. |
(e) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Six Months Ended 9/30/2020 (Unaudited) | Year Ended March 31, | Period Ended 3/31/2017 (a) | |||||||
2020 | 2019 | 2018 | |||||||
Net asset value, beginning of period | $ 33.00 | $ 31.83 | $ 32.58 | $ 25.04 | $ 19.93 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.14 | 0.38 | 0.25 | 0.14 | 0.05 | ||||
Net realized and unrealized gain (loss) | 14.85 | 1.18 | (0.79) | 7.54 | 5.11 | ||||
Total from investment operations | 14.99 | 1.56 | (0.54) | 7.68 | 5.16 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.15) | (0.39) | (0.21) | (0.14) | (0.05) | ||||
Net realized gain | — | — | — | — | (0.00) (b) | ||||
Total distributions | (0.15) | (0.39) | (0.21) | (0.14) | (0.05) | ||||
Net asset value, end of period | $47.84 | $33.00 | $31.83 | $32.58 | $25.04 | ||||
Total return (c) | 45.45% | 4.82% | (1.62)% | 30.77% | 25.92% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 50,229 | $ 31,353 | $ 30,242 | $ 47,247 | $ 15,024 | ||||
Ratio of total expenses to average net assets | 0.60% (d) | 0.60% | 0.60% | 0.60% | 0.60% (d) | ||||
Ratio of net investment income (loss) to average net assets | 0.65% (d) | 1.00% | 0.78% | 0.55% | 0.66% (d) | ||||
Portfolio turnover rate (e) | 56% | 64% | 94% | 59% | 58% |
(a) | Inception date is September 20, 2016, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Amount is less than $0.01. |
(c) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(d) | Annualized. |
(e) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Six Months Ended 9/30/2020 (Unaudited) | Year Ended March 31, | Period Ended 3/31/2017 (a) | |||||||
2020 | 2019 | 2018 | |||||||
Net asset value, beginning of period | $ 15.11 | $ 23.33 | $ 24.93 | $ 22.78 | $ 19.94 | ||||
Income from investment operations: | |||||||||
Net investment income (loss) | 0.01 | 0.30 | 0.35 | 0.32 | 0.14 | ||||
Net realized and unrealized gain (loss) | 8.29 | (8.22) | (1.62) | 2.16 | 2.84 | ||||
Total from investment operations | 8.30 | (7.92) | (1.27) | 2.48 | 2.98 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income | (0.02) | (0.30) | (0.33) | (0.33) | (0.14) | ||||
Net realized gain | — | — | — | — | (0.00) (b) | ||||
Total distributions | (0.02) | (0.30) | (0.33) | (0.33) | (0.14) | ||||
Net asset value, end of period | $23.39 | $15.11 | $23.33 | $24.93 | $22.78 | ||||
Total return (c) | 54.92% | (34.35)% | (5.11)% | 10.89% | 14.97% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s) | $ 624,642 | $ 1,511 | $ 2,333 | $ 3,740 | $ 2,278 | ||||
Ratio of total expenses to average net assets | 0.60% (d) | 0.60% | 0.60% | 0.60% | 0.61% (d) (e) | ||||
Ratio of net investment income (loss) to average net assets | (0.50)% (d) | 1.04% | 1.38% | 1.27% | 1.22% (d) | ||||
Portfolio turnover rate (f) | 54% | 89% | 108% | 78% | 28% |
(a) | Inception date is September 20, 2016, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Amount is less than $0.01. |
(c) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(d) | Annualized. |
(e) | Includes excise tax. If this excise tax was not included, the expense ratio would have been 0.60%. |
(f) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Fund | Index |
First Trust Nasdaq Bank ETF | Nasdaq US Smart Banks Index |
First Trust Nasdaq Food & Beverage ETF | Nasdaq US Smart Food & Beverage Index |
First Trust Nasdaq Oil & Gas ETF | Nasdaq US Smart Oil & Gas Index |
First Trust Nasdaq Pharmaceuticals ETF | Nasdaq US Smart Pharmaceuticals Index |
First Trust Nasdaq Retail ETF | Nasdaq US Smart Retail Index |
First Trust Nasdaq Semiconductor ETF | Nasdaq US Smart Semiconductor Index |
First Trust Nasdaq Transportation ETF | Nasdaq US Smart Transportation Index |
1) | the type of security; |
2) | the size of the holding; |
3) | the initial cost of the security; |
4) | transactions in comparable securities; |
5) | price quotes from dealers and/or third-party pricing services; |
6) | relationships among various securities; |
7) | information obtained by contacting the issuer, analysts, or the appropriate stock exchange; |
8) | an analysis of the issuer’s financial statements; and |
9) | the existence of merger proposals or tender offers that might affect the value of the security. |
• | Level 1 – Level 1 inputs are quoted prices in active markets for identical investments. An active market is a market in which transactions for the investment occur with sufficient frequency and volume to provide pricing information on an ongoing basis. |
• | Level 2 – Level 2 inputs are observable inputs, either directly or indirectly, and include the following: |
o | Quoted prices for similar investments in active markets. |
o | Quoted prices for identical or similar investments in markets that are non-active. A non-active market is a market where there are few transactions for the investment, the prices are not current, or price quotations vary substantially either over time or among market makers, or in which little information is released publicly. |
o | Inputs other than quoted prices that are observable for the investment (for example, interest rates and yield curves observable at commonly quoted intervals, volatilities, prepayment speeds, loss severities, credit risks, and default rates). |
o | Inputs that are derived principally from or corroborated by observable market data by correlation or other means. |
• | Level 3 – Level 3 inputs are unobservable inputs. Unobservable inputs may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment. |
Distributions paid from Ordinary Income | Distributions paid from Capital Gains | Distributions paid from Return of Capital | |||
First Trust Nasdaq Bank ETF | $ 3,868,010 | $ — | $ — | ||
First Trust Nasdaq Food & Beverage ETF | 51,985 | — | — | ||
First Trust Nasdaq Oil & Gas ETF | 179,319 | — | 6,197 | ||
First Trust Nasdaq Pharmaceuticals ETF | 63,555 | — | — | ||
First Trust Nasdaq Retail ETF | 96,141 | — | — | ||
First Trust Nasdaq Semiconductor ETF | 356,856 | — | — | ||
First Trust Nasdaq Transportation ETF | 28,821 | — | — |
Undistributed Ordinary Income | Accumulated Capital and Other Gain (Loss) | Net Unrealized Appreciation (Depreciation) | |||
First Trust Nasdaq Bank ETF | $ 220,978 | $ (52,339,897) | $ (44,243,793) | ||
First Trust Nasdaq Food & Beverage ETF | 2,597 | (291,976) | (730,915) | ||
First Trust Nasdaq Oil & Gas ETF | — | (6,532,418) | (2,353,092) | ||
First Trust Nasdaq Pharmaceuticals ETF | 623 | (656,922) | (1,102,208) | ||
First Trust Nasdaq Retail ETF | 4,732 | (1,161,692) | (1,141,602) | ||
First Trust Nasdaq Semiconductor ETF | 22,361 | (3,785,852) | (4,418,348) | ||
First Trust Nasdaq Transportation ETF | 60 | (521,197) | (405,556) |
Non-Expiring Capital Loss Carryforward | |
First Trust Nasdaq Bank ETF | $ 52,339,897 |
First Trust Nasdaq Food & Beverage ETF | 291,976 |
First Trust Nasdaq Oil & Gas ETF | 6,532,418 |
First Trust Nasdaq Pharmaceuticals ETF | 656,922 |
First Trust Nasdaq Retail ETF | 1,161,692 |
First Trust Nasdaq Semiconductor ETF | 3,785,852 |
First Trust Nasdaq Transportation ETF | 521,197 |
Purchases | Sales | ||
First Trust Nasdaq Bank ETF | $ 44,230,532 | $ 44,323,274 | |
First Trust Nasdaq Food & Beverage ETF | 2,107,260 | 2,108,392 | |
First Trust Nasdaq Oil & Gas ETF | 15,754,350 | 15,562,680 | |
First Trust Nasdaq Pharmaceuticals ETF | 4,927,014 | 4,888,378 | |
First Trust Nasdaq Retail ETF | 2,699,260 | 2,696,787 | |
First Trust Nasdaq Semiconductor ETF | 23,756,316 | 23,743,952 | |
First Trust Nasdaq Transportation ETF | 53,677,190 | 51,008,909 | |
Purchases | Sales | ||
First Trust Nasdaq Bank ETF | $ 4,552,781 | $ 5,329,803 | |
First Trust Nasdaq Food & Beverage ETF | — | 1,003,433 | |
First Trust Nasdaq Oil & Gas ETF | 8,583,815 | 483,917 | |
First Trust Nasdaq Pharmaceuticals ETF | 11,401,534 | 2,456,908 | |
First Trust Nasdaq Retail ETF | 2,683,452 | 1,045,787 | |
First Trust Nasdaq Semiconductor ETF | 20,944,679 | 16,503,590 | |
First Trust Nasdaq Transportation ETF | 700,763,914 | 69,351,178 |
NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE |
FUND ACCOUNTANT &
TRANSFER AGENT
PUBLIC ACCOUNTING FIRM
For the Six Months Ended
September 30, 2020
2 | |
3 | |
Fund Performance Overview | |
4 | |
6 | |
8 | |
10 | |
12 | |
14 | |
16 | |
17 | |
Portfolio of Investments | |
18 | |
25 | |
30 | |
36 | |
42 | |
49 | |
54 | |
56 | |
58 | |
60 | |
66 | |
75 |
Performance | ||||
Average Annual Total Returns | Cumulative Total Returns | |||
6 Months Ended 9/30/20 | 1 Year Ended 9/30/20 | Inception (6/20/17) to 9/30/20 | Inception (6/20/17) to 9/30/20 | |
Fund Performance | ||||
NAV | 19.79% | -2.49% | 0.74% | 2.44% |
Market Price | 19.47% | -3.10% | 0.68% | 2.25% |
Index Performance | ||||
Nasdaq Riskalyze Developed Markets Index | 20.23% | -1.25% | 2.00% | 6.71% |
NASDAQ Developed Markets Ex-US Large Mid Cap Index | 22.19% | 2.08% | 2.95% | 10.00% |
MSCI World ex USA Index | 21.02% | 0.16% | 2.27% | 7.65% |
Sector Allocation | % of Total Investments |
Industrials | 19.2% |
Financials | 14.9 |
Consumer Staples | 14.1 |
Health Care | 11.4 |
Communication Services | 8.5 |
Consumer Discretionary | 8.2 |
Real Estate | 6.7 |
Information Technology | 6.1 |
Materials | 5.9 |
Utilities | 4.5 |
Energy | 0.5 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Croda International PLC | 1.5% |
Lonza Group AG | 1.4 |
Sonova Holding AG | 1.3 |
Toyota Motor Corp. | 1.2 |
ITOCHU Corp. | 1.2 |
Kakao Corp. | 1.2 |
MEIJI Holdings Co., Ltd. | 1.2 |
ABC-Martk, Inc. | 1.1 |
Bridgestone Corp. | 1.1 |
Mitsubishi Corp. | 1.1 |
Total | 12.3% |
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.
Number of Days Bid/Ask Midpoint At/Above NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
6/21/17 – 3/31/18 | 134 | 51 | 0 | 0 |
4/1/18 – 3/31/19 | 180 | 13 | 0 | 0 |
4/1/19 – 3/31/20 | 190 | 20 | 0 | 0 |
4/1/20 – 9/30/20 | 47 | 1 | 0 | 0 |
Number of Days Bid/Ask Midpoint Below NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
6/21/17 – 3/31/18 | 10 | 0 | 0 | 0 |
4/1/18 – 3/31/19 | 58 | 0 | 0 | 0 |
4/1/19 – 3/31/20 | 36 | 6 | 1 | 0 |
4/1/20 – 9/30/20 | 68 | 11 | 0 | 0 |
Performance | ||||
Average Annual Total Returns | Cumulative Total Returns | |||
6 Months Ended 9/30/20 | 1 Year Ended 9/30/20 | Inception (6/20/17) to 9/30/20 | Inception (6/20/17) to 9/30/20 | |
Fund Performance | ||||
NAV | 11.46% | -13.87% | -2.56% | -8.14% |
Market Price | 11.03% | -14.08% | -2.51% | -8.00% |
Index Performance | ||||
Nasdaq Riskalyze Emerging Markets Index | 12.04% | -12.94% | -0.95% | -3.07% |
NASDAQ Emerging Markets Large Mid Cap Index | 27.99% | 3.28% | 4.70% | 16.27% |
MSCI Emerging Markets Index | 29.37% | 10.54% | 4.76% | 16.48% |
Sector Allocation | % of Total Investments |
Financials | 28.0% |
Information Technology | 14.6 |
Materials | 11.1 |
Consumer Staples | 9.7 |
Communication Services | 9.6 |
Industrials | 7.6 |
Consumer Discretionary | 6.5 |
Energy | 4.4 |
Utilities | 3.7 |
Health Care | 3.4 |
Real Estate | 1.4 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Tencent Holdings Ltd. | 3.8% |
Asustek Computer, Inc. | 3.6 |
Synnex Technology International Corp. | 3.2 |
Compal Electronics, Inc. | 3.2 |
Taiwan Cement Corp. | 3.1 |
Naspers Ltd., Class N | 2.5 |
HCL Technologies Ltd. | 1.8 |
Wipro Ltd. | 1.5 |
Ping An Insurance Group Co. of China Ltd., Class H | 1.5 |
Klabin S.A. | 1.3 |
Total | 25.5% |
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.
Number of Days Bid/Ask Midpoint At/Above NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
6/21/17 – 3/31/18 | 110 | 50 | 5 | 0 |
4/1/18 – 3/31/19 | 67 | 97 | 40 | 0 |
4/1/19 – 3/31/20 | 109 | 92 | 5 | 0 |
4/1/20 – 9/30/20 | 60 | 32 | 4 | 0 |
Number of Days Bid/Ask Midpoint Below NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
6/21/17 – 3/31/18 | 23 | 5 | 2 | 0 |
4/1/18 – 3/31/19 | 37 | 9 | 1 | 0 |
4/1/19 – 3/31/20 | 37 | 5 | 2 | 3 |
4/1/20 – 9/30/20 | 24 | 6 | 1 | 0 |
Performance | ||||
Average Annual Total Returns | Cumulative Total Returns | |||
6 Months Ended 9/30/20 | 1 Year Ended 9/30/20 | Inception (6/20/17) to 9/30/20 | Inception (6/20/17) to 9/30/20 | |
Fund Performance | ||||
NAV | 28.01% | 5.44% | 7.68% | 27.45% |
Market Price | 28.03% | 5.39% | 7.66% | 27.39% |
Index Performance | ||||
Nasdaq Riskalyze US Large Cap Index | 28.47% | 6.10% | 8.34% | 30.06% |
Nasdaq US 500 Large Cap Index | 33.33% | 17.67% | 13.29% | 50.55% |
S&P 500® Index | 31.31% | 15.15% | 12.49% | 47.12% |
Sector Allocation | % of Total Investments |
Information Technology | 28.6% |
Health Care | 15.3 |
Consumer Discretionary | 11.5 |
Industrials | 11.3 |
Financials | 9.7 |
Consumer Staples | 7.0 |
Real Estate | 4.8 |
Communication Services | 4.3 |
Utilities | 2.9 |
Materials | 2.6 |
Energy | 2.0 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
NVIDIA Corp. | 1.0% |
QUALCOMM, Inc. | 0.9 |
Apple, Inc. | 0.9 |
Corning, Inc. | 0.9 |
Cognizant Technology Solutions Corp., Class A | 0.9 |
Broadcom, Inc. | 0.8 |
Skyworks Solutions, Inc. | 0.8 |
Marvell Technology Group Ltd. | 0.8 |
Texas Instruments, Inc. | 0.8 |
Motorola Solutions, Inc. | 0.8 |
Total | 8.6% |
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.
Number of Days Bid/Ask Midpoint At/Above NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
6/21/17 – 3/31/18 | 189 | 0 | 0 | 0 |
4/1/18 – 3/31/19 | 221 | 4 | 0 | 0 |
4/1/19 – 3/31/20 | 178 | 0 | 0 | 1 |
4/1/20 – 9/30/20 | 64 | 0 | 0 | 0 |
Number of Days Bid/Ask Midpoint Below NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
6/21/17 – 3/31/18 | 6 | 0 | 0 | 0 |
4/1/18 – 3/31/19 | 24 | 1 | 1 | 0 |
4/1/19 – 3/31/20 | 73 | 0 | 0 | 1 |
4/1/20 – 9/30/20 | 63 | 0 | 0 | 0 |
Performance | ||||
Average Annual Total Returns | Cumulative Total Returns | |||
6 Months Ended 9/30/20 | 1 Year Ended 9/30/20 | Inception (6/20/17) to 9/30/20 | Inception (6/20/17) to 9/30/20 | |
Fund Performance | ||||
NAV | 24.42% | -10.26% | 1.22% | 4.05% |
Market Price | 24.45% | -10.59% | 1.19% | 3.94% |
Index Performance | ||||
Nasdaq Riskalyze US Mid Cap Index | 24.84% | -9.76% | 1.82% | 6.08% |
Nasdaq US 600 Mid Cap Index | 36.90% | 2.08% | 6.47% | 22.84% |
S&P MidCap 400® Index | 29.99% | -2.16% | 3.69% | 12.61% |
Sector Allocation | % of Total Investments |
Information Technology | 18.1% |
Industrials | 15.4 |
Health Care | 14.5 |
Consumer Discretionary | 14.3 |
Financials | 13.0 |
Real Estate | 7.9 |
Materials | 6.3 |
Utilities | 3.1 |
Consumer Staples | 2.9 |
Communication Services | 2.6 |
Energy | 1.9 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
CONMED Corp. | 2.1% |
Chemed Corp. | 2.0 |
Encompass Health Corp. | 2.0 |
Cantel Medical Corp. | 1.9 |
Bruker Corp. | 1.8 |
Bio-Techne Corp. | 1.8 |
Perrigo Co. PLC | 1.6 |
Hill-Rom Holdings, Inc. | 1.4 |
Entegris, Inc. | 1.3 |
Pegasystems, Inc. | 1.2 |
Total | 17.1% |
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.
Number of Days Bid/Ask Midpoint At/Above NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
6/21/17 – 3/31/18 | 173 | 0 | 0 | 0 |
4/1/18 – 3/31/19 | 237 | 5 | 0 | 0 |
4/1/19 – 3/31/20 | 222 | 1 | 1 | 0 |
4/1/20 – 9/30/20 | 88 | 0 | 0 | 0 |
Number of Days Bid/Ask Midpoint Below NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
6/21/17 – 3/31/18 | 22 | 0 | 0 | 0 |
4/1/18 – 3/31/19 | 8 | 1 | 0 | 0 |
4/1/19 – 3/31/20 | 29 | 0 | 0 | 0 |
4/1/20 – 9/30/20 | 39 | 0 | 0 | 0 |
Performance | ||||
Average Annual Total Returns | Cumulative Total Returns | |||
6 Months Ended 9/30/20 | 1 Year Ended 9/30/20 | Inception (6/20/17) to 9/30/20 | Inception (6/20/17) to 9/30/20 | |
Fund Performance | ||||
NAV | 24.01% | -10.69% | -0.57% | -1.86% |
Market Price | 24.07% | -10.82% | -0.56% | -1.82% |
Index Performance | ||||
Nasdaq Riskalyze US Small Cap Index | 24.45% | -10.09% | 0.08% | 0.26% |
Nasdaq US 700 Small Cap Index | 36.51% | -0.83% | 3.70% | 12.66% |
S&P SmallCap 600® Index | 25.81% | -8.29% | 1.82% | 6.11% |
Sector Allocation | % of Total Long-Term Investments |
Industrials | 20.4% |
Consumer Discretionary | 15.6 |
Health Care | 14.8 |
Financials | 13.8 |
Information Technology | 12.6 |
Real Estate | 6.4 |
Materials | 5.8 |
Consumer Staples | 4.2 |
Energy | 2.5 |
Communication Services | 2.2 |
Utilities | 1.7 |
Total | 100.0% |
Top Ten Holdings | % of Total Long-Term Investments |
Ensign Group (The), Inc. | 3.1% |
Patterson Cos., Inc. | 2.5 |
US Physical Therapy, Inc. | 2.4 |
Atrion Corp. | 2.2 |
National HealthCare Corp. | 2.2 |
Shutterstock, Inc. | 2.1 |
Healthcare Services Group, Inc. | 2.0 |
Luminex Corp. | 1.8 |
Systemax, Inc. | 1.6 |
InterDigital, Inc. | 1.4 |
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.
Number of Days Bid/Ask Midpoint At/Above NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
6/21/17 – 3/31/18 | 163 | 0 | 0 | 0 |
4/1/18 – 3/31/19 | 233 | 5 | 1 | 0 |
4/1/19 – 3/31/20 | 240 | 1 | 0 | 0 |
4/1/20 – 9/30/20 | 92 | 0 | 0 | 0 |
Number of Days Bid/Ask Midpoint Below NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
6/21/17 – 3/31/18 | 32 | 0 | 0 | 0 |
4/1/18 – 3/31/19 | 11 | 1 | 0 | 0 |
4/1/19 – 3/31/20 | 12 | 0 | 0 | 0 |
4/1/20 – 9/30/20 | 35 | 0 | 0 | 0 |
Performance | ||||
Average Annual Total Returns | Cumulative Total Returns | |||
6 Months Ended 9/30/20 | 1 Year Ended 9/30/20 | Inception (6/20/17) to 9/30/20 | Inception (6/20/17) to 9/30/20 | |
Fund Performance | ||||
NAV | 24.34% | -0.89% | 5.48% | 19.13% |
Market Price | 24.11% | -0.67% | 5.43% | 18.92% |
Index Performance | ||||
Nasdaq Riskalyze US Large Cap Select Dividend Index | 24.80% | -0.34% | 6.07% | 21.31% |
Nasdaq US 500 Large Cap Index | 33.33% | 17.67% | 13.29% | 50.55% |
S&P 500® Index | 31.31% | 15.15% | 12.49% | 47.12% |
Sector Allocation | % of Total Investments |
Information Technology | 29.3% |
Health Care | 13.2 |
Consumer Discretionary | 12.2 |
Industrials | 11.6 |
Financials | 8.7 |
Consumer Staples | 7.0 |
Real Estate | 6.1 |
Communication Services | 4.4 |
Utilities | 2.9 |
Materials | 2.6 |
Energy | 2.0 |
Total | 100.0% |
Top Ten Holdings | % of Total Investments |
Seagate Technology PLC | 2.9% |
International Business Machines Corp. | 2.9 |
Hewlett Packard Enterprise Co. | 2.5 |
Broadcom, Inc. | 2.4 |
HP, Inc. | 2.3 |
NetApp, Inc. | 2.3 |
Corning, Inc. | 2.2 |
Pfizer, Inc. | 2.1 |
QUALCOMM, Inc. | 1.9 |
Maxim Integrated Products, Inc. | 1.9 |
Total | 23.4% |
Performance figures assume reinvestment of all distributions and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. An index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund’s past performance does not predict future performance.
Number of Days Bid/Ask Midpoint At/Above NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
6/21/17 – 3/31/18 | 190 | 0 | 0 | 0 |
4/1/18 – 3/31/19 | 175 | 3 | 0 | 0 |
4/1/19 – 3/31/20 | 101 | 2 | 2 | 1 |
4/1/20 – 9/30/20 | 2 | 13 | 0 | 0 |
Number of Days Bid/Ask Midpoint Below NAV | ||||
For the Period | 0.00%–0.49% | 0.50%–0.99% | 1.00%–1.99% | >=2.00% |
6/21/17 – 3/31/18 | 5 | 0 | 0 | 0 |
4/1/18 – 3/31/19 | 68 | 4 | 1 | 0 |
4/1/19 – 3/31/20 | 143 | 4 | 0 | 0 |
4/1/20 – 9/30/20 | 111 | 1 | 0 | 0 |
Beginning Account Value April 1, 2020 | Ending Account Value September 30, 2020 | Annualized Expense Ratio Based on the Six-Month Period | Expenses Paid During the Six-Month Period (a) | |
Developed International Equity Select ETF (RNDM) | ||||
Actual | $1,000.00 | $1,197.90 | 0.65% | $3.58 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.81 | 0.65% | $3.29 |
Emerging Markets Equity Select ETF (RNEM) | ||||
Actual | $1,000.00 | $1,114.60 | 0.75% | $3.98 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.31 | 0.75% | $3.80 |
Large Cap US Equity Select ETF (RNLC) | ||||
Actual | $1,000.00 | $1,280.10 | 0.60% | $3.43 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
Mid Cap US Equity Select ETF (RNMC) | ||||
Actual | $1,000.00 | $1,244.20 | 0.60% | $3.38 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
Small Cap US Equity Select ETF (RNSC) | ||||
Actual | $1,000.00 | $1,240.10 | 0.60% | $3.37 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
US Equity Dividend Select ETF (RNDV) | ||||
Actual | $1,000.00 | $1,243.40 | 0.50% | $2.81 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.56 | 0.50% | $2.54 |
(a) | Expenses are equal to the annualized expense ratios as indicated in the table multiplied by the average account value over the period (April 1, 2020 through September 30, 2020), multiplied by 183/365 (to reflect the six-month period). |
Shares | Description | Value | ||
COMMON STOCKS (a) – 96.1% | ||||
Australia – 5.7% | ||||
1,060 | AGL Energy Ltd. (b) | $10,350 | ||
7,495 | APA Group (b) | 55,715 | ||
1,354 | ASX Ltd. (b) | 79,162 | ||
8,120 | Aurizon Holdings Ltd. (b) | 24,980 | ||
10,659 | AusNet Services (b) | 14,389 | ||
3,552 | BHP Group Ltd. (b) | 91,761 | ||
3,253 | Brambles Ltd. (b) | 24,700 | ||
2,078 | Coca-Cola Amatil Ltd. (b) | 14,224 | ||
3,482 | Coles Group Ltd. (b) | 42,420 | ||
1,690 | Commonwealth Bank of Australia (b) | 77,767 | ||
10,759 | Computershare Ltd. (b) | 95,182 | ||
467 | CSL Ltd. (b) | 96,467 | ||
16,851 | Insurance Australia Group Ltd. (b) | 53,324 | ||
39,276 | Medibank Pvt Ltd. (b) | 70,869 | ||
6,710 | Orica Ltd. (b) | 74,708 | ||
1,217 | Rio Tinto Ltd. (b) | 83,123 | ||
5,696 | Sonic Healthcare Ltd. (b) | 135,264 | ||
11,443 | Suncorp Group Ltd. (b) | 69,854 | ||
6,145 | Sydney Airport (b) | 26,095 | ||
20,861 | Tabcorp Holdings Ltd. (b) | 50,236 | ||
20,015 | Telstra Corp., Ltd. (b) | 40,075 | ||
2,853 | Transurban Group (b) | 29,132 | ||
1,540 | Wesfarmers Ltd. (b) | 49,225 | ||
1,504 | Woolworths Group Ltd. (b) | 39,328 | ||
1,348,350 | ||||
Austria – 0.2% | ||||
121 | ANDRITZ AG (b) | 3,735 | ||
164 | CA Immobilien Anlagen AG (b) | 4,848 | ||
297 | Erste Group Bank AG (b) (c) | 6,219 | ||
243 | OMV AG (b) | 6,649 | ||
375 | Raiffeisen Bank International AG (b) (c) | 5,740 | ||
200 | Verbund AG (b) | 10,922 | ||
208 | voestalpine AG (b) | 5,482 | ||
43,595 | ||||
Belgium – 0.9% | ||||
73 | Ackermans & van Haaren N.V. (b) (c) | 9,469 | ||
228 | Ageas S.A./N.V. (b) | 9,330 | ||
1,509 | Anheuser-Busch InBev S.A./N.V. (b) | 81,245 | ||
72 | Colruyt S.A. (b) | 4,673 | ||
108 | Elia Group S.A./N.V. (b) | 10,797 | ||
66 | Galapagos N.V. (b) (c) | 9,357 | ||
121 | Groupe Bruxelles Lambert S.A. (b) | 10,908 | ||
205 | KBC Group N.V. (b) | 10,280 | ||
234 | Proximus S.A.D.P. (b) | 4,269 | ||
46 | Sofina S.A. (b) | 12,558 | ||
137 | Solvay S.A. (b) | 11,786 | ||
129 | Telenet Group Holding N.V. (b) | 5,007 |
Shares | Description | Value | ||
Belgium (Continued) | ||||
152 | UCB S.A. (b) | $17,263 | ||
285 | Umicore S.A. (b) | 11,854 | ||
208,796 | ||||
Bermuda – 0.4% | ||||
3,518 | CK Infrastructure Holdings Ltd. (b) | 16,509 | ||
7,500 | Haier Electronics Group Co., Ltd. (b) | 27,266 | ||
3,600 | Hongkong Land Holdings Ltd. (b) | 13,412 | ||
300 | Jardine Matheson Holdings Ltd. (b) | 11,926 | ||
10,917 | Kerry Properties Ltd. (b) | 28,077 | ||
2,500 | Nine Dragons Paper Holdings Ltd. (b) | 3,156 | ||
791 | Pacific Century Premium Developments Ltd. (b) (c) | 209 | ||
100,555 | ||||
Canada – 6.4% | ||||
877 | Alimentation Couche-Tard, Inc., Class B | 30,541 | ||
1,437 | BCE, Inc. | 59,593 | ||
615 | Canadian National Railway Co. | 65,497 | ||
783 | CGI, Inc. (c) | 53,147 | ||
46 | Constellation Software, Inc. | 51,116 | ||
705 | Emera, Inc. | 28,961 | ||
601 | Fairfax Financial Holdings, Ltd. | 176,976 | ||
721 | Fortis, Inc. | 29,478 | ||
289 | George Weston Ltd. | 21,250 | ||
1,543 | Hydro One Ltd. (d) (e) | 32,701 | ||
2,131 | Intact Financial Corp. | 228,184 | ||
401 | Loblaw Cos., Ltd. | 20,999 | ||
511 | Metro, Inc. | 24,519 | ||
1,214 | Open Text Corp. | 51,312 | ||
935 | Quebecor, Inc., Class B | 23,390 | ||
603 | Ritchie Bros. Auctioneers, Inc. | 35,762 | ||
1,397 | Saputo, Inc. | 35,042 | ||
1,274 | Shaw Communications, Inc., Class B | 23,250 | ||
3,729 | TELUS Corp. | 65,616 | ||
303 | Thomson Reuters Corp. | 24,180 | ||
2,474 | TMX Group Ltd. | 254,432 | ||
1,097 | Toromont Industries Ltd. | 65,644 | ||
620 | Waste Connections, Inc. | 64,442 | ||
846 | WSP Global, Inc. | 55,555 | ||
1,521,587 | ||||
Cayman Islands – 0.5% | ||||
5,276 | CK Asset Holdings Ltd. (b) | 25,925 | ||
3,242 | CK Hutchison Holdings Ltd. (b) | 19,646 | ||
7,224 | Wharf Real Estate Investment Co., Ltd. (b) | 29,611 | ||
18,334 | Xinyi Glass Holdings Ltd. (b) | 37,079 | ||
112,261 |
Shares | Description | Value | ||
COMMON STOCKS (a) (Continued) | ||||
Denmark – 2.7% | ||||
1,317 | Ambu A.S., Class B (b) | $37,086 | ||
23 | AP Moller - Maersk A.S., Class B (b) | 36,360 | ||
90 | Carlsberg A.S., Class B (b) | 12,125 | ||
428 | Chr Hansen Holding A.S. (b) | 47,511 | ||
220 | Coloplast A.S., Class B (b) | 34,868 | ||
630 | Danske Bank A.S. (b) (c) | 8,522 | ||
1,445 | Demant A.S. (b) (c) | 45,317 | ||
223 | DSV Panalpina A.S. (b) | 36,171 | ||
158 | Genmab A.S. (b) (c) | 57,339 | ||
716 | GN Store Nord A.S. (b) | 53,941 | ||
1,078 | H Lundbeck A.S. (b) | 35,505 | ||
1,476 | ISS A.S. (b) (c) | 19,427 | ||
532 | Novo Nordisk A.S., Class B (b) | 36,859 | ||
703 | Novozymes A.S., Class B (b) | 44,185 | ||
219 | Orsted A.S. (d) (e) | 30,192 | ||
315 | Pandora A.S. (b) | 22,723 | ||
142 | Royal Unibrew A.S. (b) | 14,636 | ||
54 | SimCorp A.S. (b) | 7,084 | ||
176 | Topdanmark A.S. (b) | 8,519 | ||
289 | Tryg A.S. (b) | 9,099 | ||
335 | Vestas Wind Systems A.S. (b) | 54,138 | ||
651,607 | ||||
Faeroe Islands – 0.0% | ||||
136 | Bakkafrost P/F (b) (c) | 8,775 | ||
Finland – 1.4% | ||||
253 | Elisa OYJ (b) | 14,874 | ||
733 | Fortum OYJ (b) | 14,820 | ||
438 | Huhtamaki OYJ (b) | 21,586 | ||
460 | Kesko OYJ, Class B (b) | 11,852 | ||
247 | Kone OYJ, Class B (b) | 21,688 | ||
2,134 | Neles Oyj (b) | 28,859 | ||
724 | Neste OYJ (b) | 38,126 | ||
9,492 | Nokia OYJ (b) | 37,150 | ||
4,857 | Nordea Bank Abp (b) (c) | 36,907 | ||
177 | Orion Oyj, Class B (b) | 8,019 | ||
941 | Sampo OYJ, Class A (b) | 37,266 | ||
1,745 | Stora Enso OYJ, Class R (b) | 27,313 | ||
643 | UPM-Kymmene OYJ (b) | 19,571 | ||
1,911 | Wartsila OYJ Abp (b) | 15,007 | ||
333,038 | ||||
France – 9.3% | ||||
813 | Air Liquide S.A. (b) | 128,868 | ||
1,700 | Alstom S.A. (b) | 84,920 | ||
980 | Alten S.A. (b) (c) | 92,840 | ||
736 | BioMerieux (b) | 115,206 | ||
25,828 | Bollore S.A. (b) | 96,204 | ||
3,747 | Bureau Veritas S.A. (b) (c) | 84,462 | ||
3,125 | Carrefour S.A. (b) | 49,935 | ||
1,563 | Danone S.A. (b) | 101,243 | ||
1,703 | Edenred (b) | 76,458 | ||
1,570 | Engie S.A. (b) (c) | 20,981 | ||
768 | EssilorLuxottica S.A. (b) (c) | 104,553 |
Shares | Description | Value | ||
France (Continued) | ||||
4,695 | Eurazeo SE (b) (c) | $254,187 | ||
145 | Hermes International (b) | 124,882 | ||
2,730 | JCDecaux S.A. (b) (c) | 47,197 | ||
1,109 | Legrand S.A. (b) | 88,331 | ||
384 | L’Oreal S.A. (b) | 124,965 | ||
271 | LVMH Moet Hennessy Louis Vuitton SE (b) | 126,801 | ||
3,858 | Orange S.A. (b) | 40,183 | ||
708 | Pernod Ricard S.A. (b) | 112,881 | ||
388 | Rubis SCA (b) | 15,534 | ||
942 | Sanofi (b) | 94,400 | ||
825 | Schneider Electric SE (b) | 102,547 | ||
1,593 | Suez (b) | 29,434 | ||
759 | Veolia Environnement S.A. (b) | 16,376 | ||
2,307 | Vivendi S.A. (b) | 64,432 | ||
2,197,820 | ||||
Germany – 8.4% | ||||
847 | BASF SE (b) | 51,579 | ||
1,301 | Beiersdorf AG (b) | 147,712 | ||
1,080 | Brenntag AG (b) | 68,668 | ||
403 | Deutsche Boerse AG (b) | 70,654 | ||
2,836 | Deutsche Post AG (b) | 128,685 | ||
2,933 | Deutsche Telekom AG (b) | 48,834 | ||
1,451 | Deutsche Wohnen SE (b) | 72,520 | ||
3,152 | E.ON SE (b) | 34,743 | ||
460 | Fielmann AG (c) | 36,944 | ||
875 | Fresenius Medical Care AG & Co., KGaA (b) | 73,970 | ||
1,553 | Fresenius SE & Co., KGaA (b) | 70,622 | ||
388 | Hannover Rueck SE (b) | 60,067 | ||
1,645 | Henkel AG & Co., KGaA (Preference Shares) (b) | 172,045 | ||
490 | LEG Immobilien AG (b) | 69,844 | ||
562 | Merck KGaA (b) | 81,935 | ||
145 | Rational AG (b) | 113,357 | ||
1,115 | SAP SE (b) | 173,626 | ||
2,093 | Scout24 AG (b) (d) (e) | 182,566 | ||
907 | Siemens AG (b) | 114,544 | ||
453 | Siemens Energy AG (c) | 12,216 | ||
430 | Symrise AG (b) | 59,393 | ||
15,336 | Telefonica Deutschland Holding AG (b) | 39,195 | ||
1,322 | Uniper SE (b) | 42,673 | ||
1,122 | Vonovia SE (b) | 76,916 | ||
2,003,308 | ||||
Greece – 0.0% | ||||
404 | Hellenic Telecommunications Organization S.A. (b) | 5,818 | ||
287 | OPAP S.A. (b) | 2,722 | ||
8,540 | ||||
Hong Kong – 1.9% | ||||
3,055 | AIA Group Ltd. (b) | 30,367 | ||
2,101 | CLP Holdings, Ltd. (b) | 19,618 |
Shares | Description | Value | ||
COMMON STOCKS (a) (Continued) | ||||
Hong Kong (Continued) | ||||
14,465 | Hang Lung Properties Ltd. (b) | $36,865 | ||
1,644 | Hang Seng Bank Ltd. (b) | 24,355 | ||
7,027 | Henderson Land Development Co., Ltd. (b) | 26,092 | ||
11,828 | Hong Kong & China Gas Co., Ltd. (b) | 17,175 | ||
919 | Hong Kong Exchanges & Clearing Ltd. (b) | 43,261 | ||
8,612 | Hysan Development Co., Ltd. (b) | 25,900 | ||
12,540 | MTR Corp., Ltd. (b) | 62,235 | ||
6,717 | New World Development Co. Ltd. (b) | 32,790 | ||
6,666 | PCCW Ltd. (b) | 3,988 | ||
3,224 | Power Assets Holdings Ltd. (b) | 16,993 | ||
21,818 | Sino Land Co., Ltd. (b) | 25,542 | ||
2,084 | Sun Hung Kai Properties Ltd. (b) | 26,855 | ||
3,345 | Swire Pacific Ltd., Class A (b) | 16,195 | ||
15,777 | Wharf Holdings (The) Ltd. (b) | 31,642 | ||
439,873 | ||||
Ireland – 0.6% | ||||
1,556 | Bank of Ireland Group PLC (b) (c) | 2,885 | ||
733 | CRH PLC (b) | 26,580 | ||
243 | Kerry Group PLC, Class A (b) | 31,125 | ||
374 | Kingspan Group PLC (b) (c) | 34,036 | ||
1,715 | Ryanair Holdings PLC (b) (c) | 22,770 | ||
708 | Smurfit Kappa Group PLC (b) | 27,780 | ||
145,176 | ||||
Israel – 0.3% | ||||
126 | Azrieli Group Ltd. (b) | 5,625 | ||
1,214 | Bank Hapoalim BM (b) | 6,486 | ||
1,319 | Bank Leumi Le-Israel BM (b) | 5,807 | ||
38 | Elbit Systems Ltd. (b) | 4,613 | ||
1,182 | ICL Group Ltd. (b) | 4,177 | ||
2,463 | Israel Discount Bank Ltd., Class A (b) | 6,644 | ||
390 | Mizrahi Tefahot Bank Ltd. (b) | 6,918 | ||
102 | Nice, Ltd. (b) (c) | 23,126 | ||
1,719 | Teva Pharmaceutical Industries Ltd. (b) (c) | 15,548 | ||
78,944 | ||||
Italy – 1.7% | ||||
15,293 | A2A S.p.A. (b) | 22,213 | ||
187 | Amplifon S.p.A. (b) (c) | 6,687 | ||
1,395 | Assicurazioni Generali S.p.A. (b) | 19,662 | ||
930 | ASTM S.p.A. (b) (c) | 19,457 | ||
3,725 | Banca Mediolanum S.p.A. (b) | 26,821 | ||
891 | Buzzi Unicem S.p.A (b) | 20,701 | ||
29 | DiaSorin S.p.A. (b) | 5,835 | ||
2,734 | Enel S.p.A. (b) | 23,720 | ||
3,055 | Eni S.p.A. (b) | 23,878 | ||
2,089 | FinecoBank Banca Fineco S.p.A. (b) (c) | 28,773 |
Shares | Description | Value | ||
Italy (Continued) | ||||
5,302 | Hera S.p.A. (b) | $19,550 | ||
705 | Infrastrutture Wireless Italiane S.p.A. (b) (d) (e) | 7,778 | ||
11,638 | Intesa Sanpaolo S.p.A. (b) (c) | 21,896 | ||
7,701 | Iren S.p.A (b) | 19,804 | ||
3,473 | Italgas S.p.A. (b) | 21,904 | ||
3,445 | Mediobanca Banca di Credito Finanziario S.p.A. (b) | 26,995 | ||
244 | Moncler S.p.A. (b) (c) | 9,985 | ||
2,244 | Poste Italiane S.p.A. (b) (d) (e) | 19,886 | ||
91 | Recordati S.p.A. (b) | 4,661 | ||
6,701 | Snam S.p.A. (b) | 34,462 | ||
18,710 | Telecom Italia S.p.A. (b) | 7,499 | ||
3,003 | Terna Rete Elettrica Nazionale S.p.A (b) | 21,011 | ||
413,178 | ||||
Japan – 18.4% | ||||
5,200 | ABC-Martk, Inc. (b) | 270,745 | ||
8,500 | Bridgestone Corp. (b) | 268,678 | ||
3,800 | Chugoku Electric Power (The) Co., Inc. (b) | 47,511 | ||
2,100 | East Japan Railway Co. (b) | 129,147 | ||
11,200 | ITOCHU Corp. (b) | 286,785 | ||
13,100 | Japan Post Bank Co., Ltd. (b) | 102,178 | ||
15,500 | Japan Post Holdings Co., Ltd. (b) | 105,695 | ||
14,200 | Japan Tobacco, Inc. (b) | 259,062 | ||
3,900 | Kyocera Corp. (b) | 223,301 | ||
5,600 | Kyushu Railway Co. (b) | 119,731 | ||
3,700 | MEIJI Holdings Co., Ltd. (b) | 282,627 | ||
10,900 | Mitsubishi Corp. (b) | 260,896 | ||
10,580 | Mizuho Financial Group, Inc. (b) | 132,056 | ||
4,300 | MS&AD Insurance Group Holdings, Inc. (b) | 115,856 | ||
5,700 | Nagoya Railroad Co., Ltd. (b) | 156,261 | ||
5,300 | Nippon Telegraph & Telephone Corp. (b) | 108,208 | ||
4,100 | NTT DOCOMO, Inc. (b) | 150,659 | ||
2,800 | Osaka Gas Co., Ltd. (b) | 54,513 | ||
2,800 | Secom Co., Ltd. (b) | 256,244 | ||
10,000 | Softbank Corp. (b) | 111,743 | ||
20,300 | Sumitomo Corp. (b) | 244,706 | ||
5,000 | Sumitomo Mitsui Financial Group, Inc. (b) | 139,804 | ||
2,600 | Tokio Marine Holdings, Inc. (b) | 113,762 | ||
10,200 | Tokyu Corp. (b) | 132,379 | ||
4,400 | Toyota Motor Corp. (b) | 292,028 | ||
4,364,575 | ||||
Luxembourg – 1.0% | ||||
1,831 | ArcelorMittal S.A. (b) (c) | 24,358 | ||
17,980 | B&M European Value Retail S.A. (b) | 114,626 | ||
2,628 | Grand City Properties S.A. (b) | 63,464 | ||
796 | RTL Group S.A. (b) (c) | 31,330 |
Shares | Description | Value | ||
COMMON STOCKS (a) (Continued) | ||||
Luxembourg (Continued) | ||||
795 | Tenaris S.A. (b) | $3,961 | ||
237,739 | ||||
Netherlands – 3.9% | ||||
479 | Aalberts N.V. (b) | 17,225 | ||
1,636 | ABN AMRO Bank N.V. (b) (c) | 13,676 | ||
13 | Adyen N.V. (b) (c) (d) (e) | 23,978 | ||
5,294 | Aegon N.V. (b) | 13,702 | ||
264 | Akzo Nobel N.V. (b) | 26,683 | ||
97 | Argenx SE (b) (c) | 25,624 | ||
859 | ASM International N.V. (b) | 123,131 | ||
319 | ASML Holding N.V. (b) | 117,830 | ||
534 | ASR Nederland N.V. (b) | 17,960 | ||
1,239 | Davide Campari-Milano N.V. (b) | 13,523 | ||
368 | EXOR N.V. (b) | 19,976 | ||
718 | Heineken Holding N.V. (b) | 55,952 | ||
659 | Heineken N.V. (b) | 58,669 | ||
245 | IMCD N.V. (b) | 29,139 | ||
2,562 | ING Groep N.V. (b) (c) | 18,285 | ||
354 | Just Eat Takeaway.com N.V. (b) (c) (d) (e) | 39,629 | ||
1,143 | Koninklijke Ahold Delhaize N.V. (b) | 33,785 | ||
153 | Koninklijke DSM N.V. (b) | 25,189 | ||
7,443 | Koninklijke KPN N.V. (b) | 17,464 | ||
1,476 | Koninklijke Philips N.V. (b) (f) | 69,695 | ||
218 | Koninklijke Vopak N.V. (b) | 12,270 | ||
498 | NN Group N.V. (b) | 18,667 | ||
322 | Randstad N.V. (b) | 16,791 | ||
586 | Signify N.V. (b) (c) (d) (e) | 21,674 | ||
1,120 | Unilever N.V. (b) | 68,015 | ||
379 | Wolters Kluwer N.V. (b) | 32,330 | ||
930,862 | ||||
New Zealand – 0.3% | ||||
1,115 | a2 Milk (The) Co., Ltd. (b) (c) | 11,348 | ||
1,595 | Auckland International Airport Ltd. (b) | 7,742 | ||
573 | Fisher & Paykel Healthcare Corp., Ltd. (b) | 12,647 | ||
1,689 | Ryman Healthcare Ltd. (b) | 15,868 | ||
3,092 | Spark New Zealand Ltd. (b) | 9,648 | ||
195 | Xero Ltd. (b) (c) | 14,224 | ||
71,477 | ||||
Norway – 0.6% | ||||
317 | Aker ASA, Class A (b) | 13,658 | ||
1,000 | Aker BP ASA (b) | 15,632 | ||
640 | DNB ASA (b) (c) | 8,916 | ||
1,011 | Equinor ASA (b) | 14,323 | ||
420 | Gjensidige Forsikring ASA (b) | 8,524 | ||
425 | Mowi ASA (b) | 7,562 | ||
2,840 | Norsk Hydro ASA (b) (c) | 7,839 | ||
756 | Orkla ASA (b) | 7,630 | ||
194 | Salmar ASA (b) (c) | 10,995 | ||
478 | Schibsted ASA, Class A (b) (c) | 21,207 |
Shares | Description | Value | ||
Norway (Continued) | ||||
1,101 | Telenor ASA (b) | $18,484 | ||
164 | TOMRA Systems ASA (b) (c) | 7,104 | ||
195 | Yara International ASA (b) | 7,504 | ||
149,378 | ||||
Portugal – 0.1% | ||||
4,000 | EDP - Energias de Portugal S.A. (b) | 19,668 | ||
782 | Galp Energia SGPS S.A. (b) | 7,253 | ||
413 | Jeronimo Martins SGPS S.A. (b) | 6,641 | ||
33,562 | ||||
Singapore – 0.7% | ||||
6,800 | CapitaLand Ltd. (b) | 13,596 | ||
2,700 | City Developments Ltd. (b) | 15,200 | ||
1,100 | DBS Group Holdings Ltd. (b) | 16,171 | ||
7,300 | Genting Singapore Ltd. (b) | 3,603 | ||
300 | Jardine Cycle & Carriage Ltd. (b) | 3,982 | ||
2,400 | Keppel Corp., Ltd. (b) | 7,862 | ||
2,300 | Oversea-Chinese Banking Corp., Ltd. (b) | 14,303 | ||
900 | Singapore Airlines Ltd. (b) | 2,303 | ||
2,100 | Singapore Exchange Ltd. (b) | 14,164 | ||
6,300 | Singapore Technologies Engineering Ltd. (b) | 16,054 | ||
12,400 | Singapore Telecommunications Ltd. (b) | 19,407 | ||
1,000 | United Overseas Bank Ltd. (b) | 14,087 | ||
3,000 | UOL Group Ltd. (b) | 14,741 | ||
4,900 | Wilmar International Ltd. (b) | 15,910 | ||
171,383 | ||||
South Korea – 5.0% | ||||
2,084 | Hanon Systems (b) | 22,006 | ||
208 | Hyundai Motor Co. (b) | 31,683 | ||
2,191 | Industrial Bank of Korea (b) | 14,967 | ||
911 | Kakao Corp. (b) | 283,279 | ||
195 | Kangwon Land, Inc. (b) | 3,585 | ||
711 | Kia Motors Corp. (b) | 28,512 | ||
810 | Korea Electric Power Corp. (b) (c) | 14,113 | ||
76 | Korea Zinc Co., Ltd. (b) | 24,528 | ||
864 | KT Corp., ADR | 8,303 | ||
247 | KT&G Corp. (b) | 17,444 | ||
538 | LG Corp. (b) | 34,160 | ||
383 | LG Electronics, Inc. (b) | 30,001 | ||
16 | LG Household & Health Care Ltd. (b) | 19,745 | ||
794 | LG Uplus Corp. (b) | 7,801 | ||
833 | NAVER Corp. (b) | 211,683 | ||
28 | NCSoft Corp. (b) | 19,296 | ||
168 | POSCO (b) | 28,126 | ||
354 | Samsung C&T Corp. (b) | 31,769 | ||
2,966 | Samsung Electronics Co., Ltd. (b) | 147,245 |
Shares | Description | Value | ||
COMMON STOCKS (a) (Continued) | ||||
South Korea (Continued) | ||||
106 | Samsung Fire & Marine Insurance Co., Ltd. (b) | $16,513 | ||
382 | Samsung Life Insurance Co., Ltd. (b) | 19,936 | ||
947 | Samsung SDS Co., Ltd. (b) | 137,095 | ||
575 | Shinhan Financial Group Co., Ltd. (b) | 13,490 | ||
48 | SK Telecom Co., Ltd. (b) | 9,757 | ||
2,147 | Woori Financial Group, Inc. (b) | 15,699 | ||
1,190,736 | ||||
Spain – 2.2% | ||||
113 | Acciona S.A. (b) | 12,263 | ||
616 | ACS Actividades de Construccion y Servicios S.A. (b) | 13,924 | ||
110 | Aena SME S.A. (b) (c) (d) (e) | 15,315 | ||
609 | Amadeus IT Group S.A. (b) | 33,821 | ||
4,630 | Banco Bilbao Vizcaya Argentaria S.A. (b) | 12,853 | ||
28,785 | Banco de Sabadell S.A. (b) | 9,991 | ||
6,086 | Banco Santander S.A. (b) | 11,352 | ||
13,262 | Bankia S.A. (b) | 19,310 | ||
4,037 | Bankinter S.A. (b) | 17,379 | ||
7,941 | CaixaBank S.A. (b) | 16,858 | ||
623 | Cellnex Telecom S.A. (b) (d) (e) | 37,818 | ||
585 | Enagas S.A. (b) | 13,498 | ||
1,465 | Endesa S.A. (b) | 39,186 | ||
503 | Ferrovial S.A. (b) | 12,218 | ||
753 | Grifols S.A. (b) | 21,653 | ||
3,175 | Iberdrola S.A. (b) | 39,080 | ||
1,888 | Industria de Diseno Textil S.A. (b) | 52,230 | ||
8,674 | Mapfre S.A. (b) | 13,608 | ||
1,770 | Naturgy Energy Group S.A. (b) | 35,497 | ||
1,744 | Red Electrica Corp. S.A. (b) | 32,709 | ||
1,273 | Repsol S.A. (b) | 8,600 | ||
772 | Siemens Gamesa Renewable Energy S.A. (b) | 20,892 | ||
6,193 | Telefonica S.A. (b) | 21,215 | ||
511,270 | ||||
Sweden – 2.9% | ||||
972 | AAK AB (b) (c) | 18,090 | ||
1,268 | Assa Abloy AB, Class B (b) | 29,646 | ||
713 | Atlas Copco AB, Class A (b) | 33,995 | ||
811 | Axfood AB (b) | 18,577 | ||
1,051 | Castellum AB (b) | 23,873 | ||
1,271 | Electrolux AB, Class B (b) | 29,628 | ||
2,417 | Epiroc AB, Class A (b) | 35,013 | ||
515 | Essity AB, Class B (b) (c) | 17,387 | ||
1,387 | Fabege AB (b) | 19,182 | ||
392 | ICA Gruppen AB (b) | 19,914 | ||
911 | Industrivarden AB, Class C (b) (c) | 24,227 |
Shares | Description | Value | ||
Sweden (Continued) | ||||
881 | Indutrade AB (b) (c) | $47,159 | ||
386 | Investor AB, Class B (b) | 25,213 | ||
1,092 | Kinnevik AB, Class B (b) | 44,322 | ||
434 | L E Lundbergforetagen AB, Class B (b) (c) | 21,444 | ||
1,646 | Nibe Industrier AB, Class B (b) (c) | 42,304 | ||
1,246 | Saab AB, Class B (b) (c) | 36,636 | ||
2,215 | Securitas AB, Class B (b) (c) | 33,861 | ||
2,628 | Skandinaviska Enskilda Banken AB, Class A (b) (c) | 23,341 | ||
1,572 | Skanska AB, Class B (b) | 33,199 | ||
2,124 | Svenska Handelsbanken AB, Class A (b) (c) | 17,771 | ||
277 | Swedish Match AB (b) | 22,649 | ||
1,113 | Tele2 AB, Class B (b) | 15,692 | ||
4,158 | Telia Co., AB (b) | 17,011 | ||
1,992 | Volvo AB, Class B (b) (c) | 38,266 | ||
688,400 | ||||
Switzerland – 10.7% | ||||
395 | Baloise Holding AG (b) | 58,154 | ||
632 | Banque Cantonale Vaudoise (b) | 64,136 | ||
62 | Barry Callebaut AG (b) | 138,097 | ||
15 | Chocoladefabriken Lindt & Spruengli AG (b) | 126,615 | ||
2,276 | Cie Financiere Richemont S.A., Class A (b) | 152,817 | ||
1,187 | Clariant AG (b) | 23,416 | ||
137 | Emmi AG (b) | 136,877 | ||
28 | EMS-Chemie Holding AG (b) | 25,157 | ||
89 | Geberit AG (b) | 52,655 | ||
56 | Georg Fischer AG (b) | 58,150 | ||
5 | Givaudan S.A. (b) | 21,589 | ||
285 | Kuehne + Nagel International AG (b) | 55,339 | ||
520 | Lonza Group AG (b) | 320,910 | ||
1,214 | Nestle S.A. (b) | 144,481 | ||
2,620 | Novartis AG (b) | 227,480 | ||
75 | Partners Group Holding AG (b) | 68,985 | ||
416 | PSP Swiss Property AG (b) | 50,253 | ||
666 | Roche Holding AG (b) | 228,132 | ||
178 | Schindler Holding AG (b) | 48,590 | ||
17 | SGS S.A. (b) | 45,557 | ||
236 | Sika AG (b) | 57,950 | ||
1,208 | Sonova Holding AG (b) (f) | 306,126 | ||
530 | Swiss Prime Site AG (b) | 48,134 | ||
43 | Swisscom AG (b) | 22,780 | ||
146 | Zurich Insurance Group AG (b) | 50,912 | ||
2,533,292 | ||||
United Kingdom – 9.9% | ||||
4,025 | Admiral Group PLC (b) | 135,744 | ||
1,351 | AstraZeneca PLC (b) | 147,616 | ||
9,510 | BAE Systems PLC (b) | 59,062 | ||
3,045 | Bunzl PLC (b) | 98,312 |
Shares | Description | Value | ||
COMMON STOCKS (a) (Continued) | ||||
United Kingdom (Continued) | ||||
4,412 | Croda International PLC (b) | $355,897 | ||
4,046 | Diageo PLC (b) | 138,975 | ||
6,438 | GlaxoSmithKline PLC (b) | 120,696 | ||
4,792 | Hikma Pharmaceuticals PLC (b) | 160,615 | ||
19,757 | HSBC Holdings PLC (b) | 77,294 | ||
1,049 | Intertek Group PLC (b) | 85,595 | ||
5,385 | National Grid PLC (b) | 61,853 | ||
1,702 | Reckitt Benckiser Group PLC (b) | 165,954 | ||
2,865 | RELX PLC (b) | 63,769 | ||
10,180 | Rightmove PLC (b) | 82,299 | ||
3,458 | Sage Group (The) PLC (b) | 32,136 | ||
2,236 | Severn Trent PLC (b) | 70,400 | ||
607 | Spirax-Sarco Engineering PLC (b) | 86,438 | ||
15,953 | Tate & Lyle PLC (b) | 136,911 | ||
21,685 | Tesco PLC (b) | 59,489 | ||
2,568 | Unilever PLC (b) | 158,326 | ||
27,875 | Wm Morrison Supermarkets PLC (b) | 61,184 | ||
2,358,565 | ||||
Total Common Stocks | 22,856,642 | |||
(Cost $21,304,003) | ||||
REAL ESTATE INVESTMENT TRUSTS (a) – 3.4% | ||||
Australia – 0.3% | ||||
11,494 | Dexus (b) | 73,618 | ||
Belgium – 0.1% | ||||
73 | Cofinimmo S.A. (b) | 10,977 | ||
331 | Warehouses De Pauw CVA (b) | 12,045 | ||
23,022 | ||||
Canada – 0.9% | ||||
6,086 | Canadian Apartment Properties REIT | 212,305 | ||
Hong Kong – 0.1% | ||||
3,334 | Link REIT (b) | 27,320 | ||
Multinational – 0.1% | ||||
237 | Unibail-Rodamco-Westfield (b) | 8,741 | ||
Singapore – 0.4% | ||||
6,900 | Ascendas Real Estate Investment Trust (b) | 16,511 | ||
10,900 | CapitaLand Mall Trust (b) | 15,514 | ||
10,700 | Mapletree Commercial Trust (b) | 15,371 | ||
8,000 | Mapletree Industrial Trust (b) | 18,954 | ||
12,400 | Mapletree Logistics Trust (b) | 18,678 | ||
85,028 | ||||
Spain – 0.1% | ||||
1,564 | Inmobiliaria Colonial Socimi S.A. (b) | 12,909 |
Shares | Description | Value | ||
Spain (Continued) | ||||
1,965 | Merlin Properties Socimi S.A. (b) | $16,390 | ||
29,299 | ||||
United Kingdom – 1.4% | ||||
2,743 | Derwent London PLC (b) | 90,819 | ||
16,110 | Land Securities Group PLC (b) | 108,459 | ||
11,741 | Segro PLC (b) | 141,098 | ||
340,376 | ||||
Total Real Estate Investment Trusts | 799,709 | |||
(Cost $906,575) | ||||
Total Investments – 99.5% | 23,656,351 | |||
(Cost $22,210,578) (g) | ||||
Net Other Assets and Liabilities – 0.5% | 126,342 | |||
Net Assets – 100.0% | $23,782,693 |
(a) | Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund’s underlying index. For a breakdown of the portfolio securities by sector, please see the Fund Performance Overview. |
(b) | This security is fair valued by the Advisor’s Pricing Committee in accordance with procedures adopted by the Trust’s Board of Trustees and in accordance with provisions of the Investment Company Act of 1940, as amended. At September 30, 2020, securities noted as such are valued at $21,834,804 or 91.8% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets’ close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded. |
(c) | Non-income producing security. |
(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) | Non-income producing security that makes payment-in-kind (“PIK”) distributions. For the six months ended September 30, 2020, the Fund received 8 PIK shares of Sonova Holding A.G. and 32 PIK shares of Koninklijke Philips N.V. |
(g) | Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of September 30, 2020, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $3,304,358 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $1,858,585. The net unrealized appreciation was $1,445,773. |
ADR | American Depositary Receipt |
Total Value at 9/30/2020 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Canada | $ 1,521,587 | $ 1,521,587 | $ — | $ — |
Denmark | 651,607 | 30,192 | 621,415 | — |
Germany | 2,003,308 | 49,160 | 1,954,148 | — |
South Korea | 1,190,736 | 8,303 | 1,182,433 | — |
Other Country Categories* | 17,489,404 | — | 17,489,404 | — |
Real Estate Investment Trusts: | ||||
Canada | 212,305 | 212,305 | — | — |
Other Country Categories* | 587,404 | — | 587,404 | — |
Total Investments | $ 23,656,351 | $ 1,821,547 | $ 21,834,804 | $— |
* | See Portfolio of Investments for country breakout. |
Currency Exposure Diversification | % of Total Investments |
Euro | 29.5% |
Japanese Yen | 18.4 |
British Pound Sterling | 11.9 |
Swiss Franc | 10.7 |
Canadian Dollar | 7.3 |
Australian Dollar | 6.1 |
South Korean Won | 5.0 |
Swedish Krona | 3.1 |
Hong Kong Dollar | 2.8 |
Danish Krone | 2.8 |
Singapore Dollar | 1.1 |
Norwegian Krone | 0.7 |
Israeli Shekel | 0.3 |
New Zealand Dollar | 0.2 |
United States Dollar | 0.1 |
Total | 100.0% |
Shares | Description | Value | ||
COMMON STOCKS (a) – 99.2% | ||||
Bermuda – 0.3% | ||||
42,000 | Beijing Enterprises Water Group Ltd. (b) | $16,368 | ||
Brazil – 9.7% | ||||
23,346 | Ambev S.A. | 52,130 | ||
8,961 | Atacadao S.A. | 32,695 | ||
11,413 | Banco Bradesco S.A. (Preference Shares) | 39,446 | ||
8,080 | Banco Santander Brasil S.A. | 40,228 | ||
8,672 | BB Seguridade Participacoes S.A. | 37,477 | ||
1,319 | Cia de Saneamento do Parana | 5,975 | ||
1,658 | Cia de Transmissao de Energia Electrica Paulista (Preference Shares) | 6,433 | ||
3,675 | Cia Energetica de Minas Gerais (Preference Shares) | 6,609 | ||
1,932 | EDP - Energias do Brasil S.A. | 5,989 | ||
832 | Energisa S.A. | 6,092 | ||
905 | Eneva S.A. (c) | 7,751 | ||
808 | Engie Brasil Energia S.A. | 5,805 | ||
1,787 | Equatorial Energia S.A. | 6,740 | ||
1,567 | Fleury S.A. | 7,389 | ||
1,109 | Hypera S.A. | 5,889 | ||
9,333 | Itau Unibanco Holding S.A. (Preference Shares) | 37,393 | ||
24,572 | Itausa S.A. (Preference Shares) | 38,504 | ||
19,443 | Klabin S.A. | 82,399 | ||
2,190 | Odontoprev S.A. | 4,680 | ||
20,122 | Petrobras Distribuidora S.A. | 72,198 | ||
4,797 | Porto Seguro S.A. | 41,214 | ||
9,075 | Raia Drogasil S.A. | 37,846 | ||
634 | Telefonica Brasil S.A. (Preference Shares) | 4,902 | ||
2,518 | TIM Participacoes S.A. | 5,856 | ||
1,217 | Transmissora Alianca de Energia Eletrica S.A. | 6,059 | ||
597,699 | ||||
Cayman Islands – 4.9% | ||||
14,625 | China Conch Venture Holdings Ltd. (b) | 68,037 | ||
3,450 | Tencent Holdings Ltd. (b) | 233,025 | ||
301,062 | ||||
Chile – 1.1% | ||||
128,198 | Banco de Chile (b) | 9,784 | ||
268,439 | Banco Santander Chile (b) | 9,338 | ||
3,179 | Cencosud S.A. (b) | 4,656 | ||
2,570 | Empresas CMPC S.A. | 5,401 | ||
913 | Empresas COPEC S.A. (b) | 6,846 | ||
68,563 | Enel Americas S.A. (b) | 8,911 | ||
123,657 | Enel Chile S.A. (b) | 8,674 | ||
1,501 | Falabella S.A. (b) | 4,397 |
Shares | Description | Value | ||
Chile (Continued) | ||||
241 | Sociedad Quimica y Minera de Chile S.A., Class B (Preference Shares) (b) | $7,833 | ||
65,840 | ||||
China – 14.1% | ||||
209,321 | Agricultural Bank of China Ltd., Class H (b) | 65,675 | ||
219,146 | Bank of China Ltd., Class H (b) | 68,159 | ||
137,173 | Bank of Communications Co., Ltd., Class H (b) | 66,114 | ||
72,148 | CGN Power Co., Ltd., Class H (b) (d) (e) | 14,862 | ||
169,651 | China CITIC Bank Corp., Ltd., Class H (b) | 65,747 | ||
35,100 | China Communications Construction Co., Ltd., Class H (b) | 18,458 | ||
102,449 | China Construction Bank Corp., Class H (b) | 66,568 | ||
112,949 | China Minsheng Banking Corp., Ltd., Class H (b) | 59,349 | ||
130,499 | China Petroleum & Chemical Corp., Class H (b) | 52,691 | ||
16,875 | China Shenhua Energy Co., Ltd., Class H (b) | 30,288 | ||
166,496 | China Telecom Corp., Ltd., Class H (b) | 50,023 | ||
48,150 | CRRC Corp., Ltd., Class H (b) | 19,286 | ||
122,549 | Industrial & Commercial Bank of China Ltd., Class H (b) | 63,835 | ||
254,251 | People’s Insurance Co. Group of China (The) Ltd., Class H (b) | 75,662 | ||
8,700 | Ping An Insurance Group Co. of China Ltd., Class H (b) | 90,313 | ||
138,300 | Postal Savings Bank of China Co., Ltd., Class H (b) (d) (e) | 58,261 | ||
865,291 | ||||
Colombia – 0.3% | ||||
2,540 | Bancolombia S.A. (Preference Shares) | 16,394 | ||
Czech Republic – 0.2% | ||||
366 | CEZ A.S. (b) | 6,921 | ||
173 | Komercni banka A.S. (b) (c) | 3,645 | ||
10,566 | ||||
Egypt – 0.2% | ||||
3,099 | Commercial International Bank Egypt SAE (b) | 13,069 | ||
Hong Kong – 3.3% | ||||
6,675 | Beijing Enterprises Holdings Ltd. (b) | 20,123 | ||
30,450 | BOC Hong Kong Holdings Ltd. (b) | 80,722 |
Shares | Description | Value | ||
COMMON STOCKS (a) (Continued) | ||||
Hong Kong (Continued) | ||||
42,750 | China Everbright Environment Group Ltd. (b) | $24,442 | ||
21,000 | China Merchants Port Holdings Co., Ltd. (b) | 21,572 | ||
6,675 | China Mobile Ltd. (b) | 42,849 | ||
9,300 | Guangdong Investment Ltd. (b) | 14,787 | ||
204,495 | ||||
Hungary – 0.4% | ||||
1,133 | MOL Hungarian Oil & Gas PLC (b) (c) | 6,167 | ||
501 | OTP Bank Nyrt (b) (c) | 15,080 | ||
317 | Richter Gedeon Nyrt (b) | 6,691 | ||
27,938 | ||||
India – 15.2% | ||||
1,403 | Asian Paints Ltd. (b) | 37,803 | ||
1,013 | Bajaj Auto Ltd. (b) | 39,600 | ||
2,393 | Cipla Ltd. (b) | 25,148 | ||
1,634 | Colgate-Palmolive India Ltd. (b) | 31,798 | ||
4,549 | Dabur India Ltd. (b) | 31,532 | ||
509 | Divi’s Laboratories Ltd. (b) | 21,073 | ||
324 | Dr Reddy’s Laboratories Ltd. (b) | 22,691 | ||
4,867 | Havells India Ltd. (b) | 44,766 | ||
10,022 | HCL Technologies Ltd. (b) | 110,494 | ||
895 | Hindustan Unilever Ltd. (b) | 25,152 | ||
1,716 | Lupin Ltd. (b) | 23,462 | ||
7,448 | Marico Ltd. (b) | 36,686 | ||
35 | MRF Ltd. (b) | 28,344 | ||
125 | Nestle India Ltd. (b) | 26,976 | ||
9,611 | NTPC Ltd. (b) | 11,120 | ||
4,052 | Petronet LNG Ltd. (b) | 12,141 | ||
2,076 | Pidilite Industries Ltd. (b) | 40,404 | ||
5,087 | Power Grid Corp. of India Ltd. (b) | 11,219 | ||
4,559 | Ramco Cements (The) Ltd. (b) | 46,607 | ||
134 | Shree Cement Ltd. (b) | 36,918 | ||
2,395 | Tata Consultancy Services Ltd. (b) | 81,029 | ||
513 | Torrent Pharmaceuticals Ltd. (b) | 19,494 | ||
2,228 | United Breweries Ltd. (b) | 28,915 | ||
4,904 | Voltas Ltd. (b) | 45,381 | ||
22,233 | Wipro Ltd. (b) | 94,614 | ||
933,367 | ||||
Indonesia – 2.6% | ||||
93,785 | Astra International Tbk PT (b) | 28,238 | ||
11,862 | Bank Central Asia Tbk PT (b) | 21,653 | ||
70,018 | Bank Mandiri Persero Tbk PT (b) | 23,416 | ||
85,782 | Bank Negara Indonesia Persero Tbk PT (b) | 25,732 | ||
108,504 | Bank Rakyat Indonesia Persero Tbk PT (b) | 22,260 | ||
23,616 | Perusahaan Gas Negara Tbk PT (b) | 1,478 |
Shares | Description | Value | ||
Indonesia (Continued) | ||||
114,415 | Telekomunikasi Indonesia Persero Tbk PT (b) | $19,755 | ||
12,401 | United Tractors Tbk PT (b) | 19,053 | ||
161,585 | ||||
Luxembourg – 0.1% | ||||
583 | PLAY Communications S.A. (b) (d) (e) | 5,826 | ||
Malaysia – 3.2% | ||||
9,200 | Axiata Group Bhd (b) | 6,553 | ||
1,500 | Carlsberg Brewery Malaysia Bhd (b) | 7,494 | ||
14,600 | CIMB Group Holdings Bhd (b) | 10,842 | ||
8,200 | Dialog Group Bhd (b) | 7,524 | ||
6,200 | Gamuda Bhd (b) | 5,217 | ||
4,400 | Genting Bhd (b) | 3,377 | ||
8,200 | Genting Malaysia Bhd (b) | 4,111 | ||
3,700 | Hartalega Holdings Bhd (b) | 14,492 | ||
3,900 | Hong Leong Bank Bhd (b) | 14,151 | ||
4,900 | IHH Healthcare Bhd (b) | 6,148 | ||
1,800 | Kuala Lumpur Kepong Bhd (b) | 9,864 | ||
7,100 | Malayan Banking Bhd (b) | 12,351 | ||
4,100 | Malaysia Airports Holdings Bhd (b) | 4,709 | ||
2,400 | MISC Bhd (b) | 4,342 | ||
8,300 | Petronas Chemicals Group Bhd (b) | 11,246 | ||
3,300 | Public Bank Bhd (b) | 12,481 | ||
11,300 | RHB Bank Bhd (b) | 12,442 | ||
7,400 | Sime Darby Plantation Bhd (b) | 9,012 | ||
6,200 | Tenaga Nasional Bhd (b) | 15,689 | ||
11,700 | Top Glove Corp. Bhd (b) | 23,459 | ||
195,504 | ||||
Mexico – 4.1% | ||||
19,125 | Alfa S.A.B. de C.V., Class A | 11,850 | ||
18,377 | Alsea S.A.B. de C.V. (c) | 17,495 | ||
75,216 | America Movil S.A.B. de C.V., Series L | 46,977 | ||
2,263 | Arca Continental S.A.B. de C.V. | 9,755 | ||
24,828 | Cemex S.A.B. de C.V., Series CPO | 9,421 | ||
2,261 | Coca-Cola Femsa S.A.B. de C.V. | 9,166 | ||
1,511 | Fomento Economico Mexicano S.A.B. de C.V., Series UBD | 8,487 | ||
1,191 | Gruma S.A.B. de C.V., Class B | 13,180 | ||
1,527 | Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (c) | 7,001 | ||
961 | Grupo Aeroportuario del Pacifico S.A.B. de C.V., Class B | 7,710 | ||
548 | Grupo Aeroportuario del Sureste S.A.B. de C.V., Class B (c) | 6,359 | ||
6,274 | Grupo Bimbo S.A.B. de C.V., Series A | 11,673 |
Shares | Description | Value | ||
COMMON STOCKS (a) (Continued) | ||||
Mexico (Continued) | ||||
7,682 | Grupo Financiero Banorte, S.A.B. de C.V., Class O (c) | $26,540 | ||
4,818 | Grupo Mexico S.A.B. de C.V., Series B | 12,263 | ||
10,218 | Grupo Televisa S.A.B., Series CPO (c) | 12,630 | ||
1,182 | Infraestructura Energetica Nova S.A.B. de C.V. | 3,555 | ||
6,023 | Kimberly-Clark de Mexico S.A.B. de C.V., Class A | 9,517 | ||
8,077 | Orbia Advance Corp S.A.B. de C.V. | 14,093 | ||
769 | Promotora y Operadora de Infraestructura S.A.B. de C.V. | 5,408 | ||
5,004 | Wal-Mart de Mexico S.A.B. de C.V. | 11,974 | ||
255,054 | ||||
Netherlands – 0.1% | ||||
256 | X5 Retail Group N.V., GDR (b) (d) | 9,461 | ||
Philippines – 1.7% | ||||
1,680 | Ayala Corp. (b) | 24,022 | ||
26,010 | Ayala Land, Inc. (b) | 16,008 | ||
7,590 | BDO Unibank, Inc. (b) | 13,543 | ||
1,940 | SM Investments Corp. (b) | 35,380 | ||
27,700 | SM Prime Holdings, Inc. (b) | 16,881 | ||
105,834 | ||||
Poland – 1.2% | ||||
501 | Bank Polska Kasa Opieki S.A. (b) (c) | 6,526 | ||
98 | CD Projekt S.A. (b) (c) | 10,611 | ||
200 | Dino Polska S.A. (b) (c) (d) (e) | 11,765 | ||
334 | Grupa Lotos S.A. (b) | 2,979 | ||
263 | KGHM Polska Miedz S.A. (b) (c) | 8,048 | ||
5 | LPP S.A. (b) (c) | 8,497 | ||
311 | Polski Koncern Naftowy ORLEN S.A. (b) | 3,691 | ||
5,036 | Polskie Gornictwo Naftowe i Gazownictwo S.A. (b) | 6,588 | ||
1,244 | Powszechna Kasa Oszczednosci Bank Polski S.A. (b) (c) | 6,828 | ||
898 | Powszechny Zaklad Ubezpieczen S.A. (b) (c) | 5,763 | ||
162 | Santander Bank Polska S.A. (b) (c) | 5,974 | ||
77,270 | ||||
Russia – 2.1% | ||||
22,881 | Alrosa PJSC (b) | 21,703 | ||
1,461,530 | Federal Grid Co. Unified Energy System PJSC (b) | 3,709 | ||
47,796 | Inter RAO UES PJSC (b) | 3,445 |
Shares | Description | Value | ||
Russia (Continued) | ||||
169 | Magnit PJSC (b) | $10,797 | ||
76 | MMC Norilsk Nickel PJSC (b) | 18,358 | ||
2,911 | Mobile TeleSystems PJSC (b) | 12,689 | ||
2,414 | Moscow Exchange MICEX-RTS PJSC (b) | 4,543 | ||
387,160 | RusHydro PJSC (b) | 3,782 | ||
1,706 | Severstal PAO (b) | 21,743 | ||
17,894 | Sistema PJSFC (b) | 4,851 | ||
3,820 | Tatneft PJSC (b) | 22,663 | ||
128,283 | ||||
South Africa – 6.4% | ||||
2,495 | Absa Group Ltd. (b) | 13,220 | ||
564 | Aspen Pharmacare Holdings Ltd. (b) (c) | 4,026 | ||
362 | Bid Corp., Ltd. (b) | 5,569 | ||
617 | Bidvest Group (The) Ltd. (b) | 5,066 | ||
298 | Clicks Group Ltd. (b) | 3,945 | ||
8,573 | Exxaro Resources Ltd. (b) | 63,515 | ||
4,646 | FirstRand Ltd. (b) | 11,401 | ||
1,135 | Foschini Group (The) Ltd. (b) | 5,558 | ||
2,825 | Life Healthcare Group Holdings Ltd. (b) | 2,872 | ||
674 | Mr Price Group Ltd. (b) | 5,285 | ||
896 | MultiChoice Group (b) | 5,176 | ||
877 | Naspers Ltd., Class N (b) | 154,899 | ||
2,264 | Nedbank Group Ltd. (b) | 13,548 | ||
15,788 | Old Mutual Ltd. (b) | 9,732 | ||
1,268 | Pick n Pay Stores Ltd. (b) | 3,547 | ||
2,083 | Remgro Ltd. (b) | 11,642 | ||
224,530 | RMB Holdings Ltd. (b) (c) | 15,508 | ||
3,662 | Sanlam Ltd. (b) | 11,287 | ||
614 | Shoprite Holdings Ltd. | 5,009 | ||
423 | SPAR Group (The) Ltd. (b) | 4,790 | ||
1,826 | Standard Bank Group Ltd. (b) | 11,728 | ||
293 | Tiger Brands Ltd. | 3,337 | ||
2,002 | Vodacom Group Ltd. (b) | 14,681 | ||
2,783 | Woolworths Holdings Ltd. (b) | 5,837 | ||
391,178 | ||||
Taiwan – 22.3% | ||||
24,866 | Asustek Computer, Inc. (b) | 218,777 | ||
17,462 | Cathay Financial Holding Co., Ltd. (b) | 23,377 | ||
33,652 | Chang Hwa Commercial Bank Ltd. (b) | 20,255 | ||
83,075 | China Development Financial Holding Corp. (b) | 24,572 | ||
48,709 | China Steel Corp. (b) | 34,498 | ||
5,913 | Chunghwa Telecom Co., Ltd. (b) | 21,853 | ||
293,930 | Compal Electronics, Inc. (b) | 194,391 | ||
34,436 | CTBC Financial Holding Co., Ltd. (b) | 22,001 | ||
63,311 | Far Eastern New Century Corp. (b) | 55,620 |
Shares | Description | Value | ||
COMMON STOCKS (a) (Continued) | ||||
Taiwan (Continued) | ||||
10,043 | Far EasTone Telecommunications Co., Ltd. (b) | $21,212 | ||
32,311 | First Financial Holding Co., Ltd. (b) | 23,058 | ||
13,777 | Formosa Chemicals & Fibre Corp. (b) | 32,441 | ||
12,291 | Formosa Plastics Corp. (b) | 33,580 | ||
16,416 | Fubon Financial Holding Co., Ltd. (b) | 23,887 | ||
36,064 | Hua Nan Financial Holdings Co., Ltd. (b) | 22,110 | ||
21,667 | Mega Financial Holding Co., Ltd. (b) | 20,912 | ||
3,744 | President Chain Store Corp. (b) | 34,078 | ||
55,784 | SinoPac Financial Holdings Co., Ltd. (b) | 21,034 | ||
136,878 | Synnex Technology International Corp. (b) | 196,137 | ||
53,904 | Taishin Financial Holding Co., Ltd. (b) | 23,983 | ||
66,794 | Taiwan Business Bank (b) | 22,136 | ||
132,515 | Taiwan Cement Corp. (b) | 190,656 | ||
34,600 | Taiwan Cooperative Financial Holding Co., Ltd. (b) | 23,424 | ||
6,363 | Taiwan Mobile Co., Ltd. (b) | 21,267 | ||
21,764 | Uni-President Enterprises Corp. (b) | 47,136 | ||
1,372,395 | ||||
Thailand – 4.8% | ||||
1,700 | Advanced Info Service PCL (b) | 9,149 | ||
6,900 | Airports of Thailand PCL | 12,303 | ||
3,400 | Bangkok Bank PCL (b) | 10,349 | ||
31,900 | Bangkok Dusit Medical Services PCL, Class F | 19,530 | ||
45,200 | Bangkok Expressway & Metro PCL | 12,196 | ||
8,600 | Berli Jucker PCL | 9,974 | ||
40,200 | BTS Group Holdings PCL | 12,052 | ||
7,900 | Central Pattana PCL | 10,596 | ||
13,600 | Charoen Pokphand Foods PCL | 12,017 | ||
5,900 | CP ALL PCL (b) | 11,252 | ||
1,200 | Electricity Generating PCL | 7,082 | ||
8,300 | Energy Absolute PCL | 10,281 | ||
32,600 | Home Product Center PCL | 14,815 | ||
5,000 | Intouch Holdings PCL, Class F (b) | 8,047 | ||
3,700 | Kasikornbank PCL (b) | 9,036 | ||
29,500 | Krung Thai Bank PCL | 8,239 | ||
50,200 | Land & Houses PCL | 10,773 | ||
33,200 | PTT PCL (b) | 33,642 | ||
5,000 | Ratch Group PCL | 7,929 | ||
1,100 | Siam Cement (The) PCL (b) | 11,180 | ||
4,900 | Siam Commercial Bank (The) PCL | 10,051 |
Shares | Description | Value | ||
Thailand (Continued) | ||||
23,900 | Thai Union Group PCL, Class F | $10,560 | ||
4,800 | Tisco Financial Group PCL | 9,657 | ||
111,900 | True Corp PCL | 10,947 | ||
63,300 | VGI PCL | 12,685 | ||
294,342 | ||||
Turkey – 0.9% | ||||
4,377 | Akbank T.A.S. (b) (c) | 2,883 | ||
694 | Arcelik A.S. (b) (c) | 2,227 | ||
1,178 | Aselsan Elektronik Sanayi Ve Ticaret A.S. (b) | 2,947 | ||
660 | BIM Birlesik Magazalar A.S. (b) | 5,918 | ||
1,899 | Eregli Demir ve Celik Fabrikalari T.A.S. (b) | 2,328 | ||
191 | Ford Otomotiv Sanayi A.S. (b) | 2,164 | ||
3,273 | Haci Omer Sabanci Holding A.S. (b) | 3,516 | ||
2,017 | KOC Holding A.S. (b) | 3,819 | ||
233 | Koza Altin Isletmeleri A.S. (b) (c) | 2,356 | ||
571 | Tofas Turk Otomobil Fabrikasi A.S. (b) | 1,814 | ||
359 | Tupras Turkiye Petrol Rafinerileri A.S. (b) (c) | 3,683 | ||
3,650 | Turk Hava Yollari AO (b) (c) | 4,918 | ||
2,442 | Turkcell Iletisim Hizmetleri A.S. (b) | 4,760 | ||
3,015 | Turkiye Garanti Bankasi A.S. (b) (c) | 2,756 | ||
5,194 | Turkiye Is Bankasi A.S., Class C (b) (c) | 3,596 | ||
6,329 | Turkiye Sise ve Cam Fabrikalari A.S. | 5,999 | ||
5,283 | Turkiye Vakiflar Bankasi TAO, Class D (b) (c) | 2,816 | ||
58,500 | ||||
Total Common Stocks | 6,107,321 | |||
(Cost $6,896,852) | ||||
REAL ESTATE INVESTMENT TRUSTS (a) – 0.5% | ||||
Mexico – 0.3% | ||||
26,861 | Fibra Uno Administracion S.A. de C.V. | 21,210 | ||
South Africa – 0.2% | ||||
14,537 | Growthpoint Properties Ltd. (b) | 10,626 | ||
Total Real Estate Investment Trusts | 31,836 | |||
(Cost $63,730) |
Shares | Description | Value | ||
RIGHTS (a) – 0.0% | ||||
Thailand – 0.0% | ||||
211 | Siam Cement (The) PCL, expiring 12/31/49 (b) (c) (f) | $0 | ||
(Cost $0) | ||||
Total Investments – 99.7% | 6,139,157 | |||
(Cost $6,960,582) (g) | ||||
Net Other Assets and Liabilities – 0.3% | 15,688 | |||
Net Assets – 100.0% | $6,154,845 |
(a) | Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund’s underlying index. For a breakdown of the portfolio securities by sector, please see the Fund Performance Overview. |
(b) | This security is fair valued by the Advisor’s Pricing Committee in accordance with procedures adopted by the Trust’s Board of Trustees and in accordance with provisions of the Investment Company Act of 1940, as amended. At September 30, 2020, securities noted as such are valued at $5,027,367 or 81.7% 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) | Non-income producing security. |
(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) | 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. |
(g) | Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of September 30, 2020, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $508,046 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $1,329,471. The net unrealized depreciation was $821,425. |
GDR | Global Depositary Receipt |
Total Value at 9/30/2020 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Brazil | $ 597,699 | $ 597,699 | $ — | $ — |
Chile | 65,840 | 5,401 | 60,439 | — |
Colombia | 16,394 | 16,394 | — | — |
Mexico | 255,054 | 255,054 | — | — |
South Africa | 391,178 | 8,346 | 382,832 | — |
Turkey | 58,500 | 5,999 | 52,501 | — |
Other Country Categories* | 4,722,656 | — | 4,722,656 | — |
Real Estate Investment Trusts: | ||||
Mexico | 21,210 | 21,210 | — | — |
South Africa | 10,626 | — | 10,626 | — |
Rights* | —** | — | —** | — |
Total Investments | $ 6,139,157 | $ 910,103 | $ 5,229,054 | $— |
* | See Portfolio of Investments for country breakout. |
** | Investment is valued at $0. |
Currency Exposure Diversification | % of Total Investments |
Hong Kong Dollar | 22.6% |
New Taiwan Dollar | 22.4 |
Indian Rupee | 15.2 |
Brazilian Real | 9.7 |
South African Rand | 6.5 |
Thai Baht | 4.8 |
Mexican Peso | 4.5 |
Malaysian Ringgit | 3.2 |
Indonesian Rupiah | 2.6 |
Russian Ruble | 2.1 |
Philippine Peso | 1.7 |
Polish Zloty | 1.3 |
Chilean Peso | 1.1 |
Turkish Lira | 0.9 |
Hungarian Forint | 0.5 |
Colombian Peso | 0.3 |
Egyptian Pound | 0.2 |
Czech Republic Koruna | 0.2 |
United States Dollar | 0.2 |
Total | 100.0% |
Shares | Description | Value | ||
COMMON STOCKS – 94.8% | ||||
Aerospace & Defense – 2.1% | ||||
166 | Boeing (The) Co. | $27,433 | ||
204 | General Dynamics Corp. | 28,240 | ||
306 | HEICO Corp. | 32,026 | ||
1,923 | Howmet Aerospace, Inc. | 32,153 | ||
175 | Huntington Ingalls Industries, Inc. | 24,631 | ||
803 | L3Harris Technologies, Inc. | 136,382 | ||
84 | Lockheed Martin Corp. | 32,196 | ||
99 | Northrop Grumman Corp. | 31,233 | ||
495 | Raytheon Technologies Corp. | 28,482 | ||
926 | Textron, Inc. | 33,419 | ||
406,195 | ||||
Air Freight & Logistics – 0.7% | ||||
401 | Expeditors International of Washington, Inc. | 36,298 | ||
217 | FedEx Corp. | 54,580 | ||
274 | United Parcel Service, Inc., Class B | 45,657 | ||
136,535 | ||||
Airlines – 1.1% | ||||
5,004 | American Airlines Group, Inc. | 61,499 | ||
2,331 | Delta Air Lines, Inc. | 71,282 | ||
1,913 | Southwest Airlines Co. | 71,738 | ||
204,519 | ||||
Auto Components – 0.2% | ||||
465 | Aptiv PLC | 42,631 | ||
Automobiles – 0.4% | ||||
5,954 | Ford Motor Co. | 39,654 | ||
1,431 | General Motors Co. | 42,343 | ||
81,997 | ||||
Banks – 2.0% | ||||
1,133 | Bank of America Corp. | 27,294 | ||
527 | Citigroup, Inc. | 22,719 | ||
1,066 | Citizens Financial Group, Inc. | 26,949 | ||
1,396 | Fifth Third Bancorp | 29,763 | ||
254 | First Republic Bank | 27,701 | ||
2,978 | Huntington Bancshares, Inc. | 27,308 | ||
286 | JPMorgan Chase & Co. | 27,533 | ||
2,209 | KeyCorp | 26,353 | ||
259 | M&T Bank Corp. | 23,851 | ||
256 | PNC Financial Services Group (The), Inc. | 28,137 | ||
2,420 | Regions Financial Corp. | 27,903 | ||
717 | Truist Financial Corp. | 27,282 | ||
731 | US Bancorp | 26,206 | ||
1,051 | Wells Fargo & Co. | 24,709 | ||
373,708 | ||||
Beverages – 1.0% | ||||
569 | Brown-Forman Corp., Class B | 42,857 | ||
810 | Coca-Cola (The) Co. | 39,990 |
Shares | Description | Value | ||
Beverages (Continued) | ||||
207 | Constellation Brands, Inc., Class A | $39,229 | ||
1,054 | Molson Coors Beverage Co., Class B | 35,372 | ||
274 | PepsiCo, Inc. | 37,976 | ||
195,424 | ||||
Biotechnology – 1.2% | ||||
828 | AbbVie, Inc. | 72,525 | ||
345 | Amgen, Inc. | 87,685 | ||
1,057 | Gilead Sciences, Inc. | 66,792 | ||
227,002 | ||||
Building Products – 0.7% | ||||
298 | Allegion PLC | 29,475 | ||
893 | Johnson Controls International PLC | 36,479 | ||
607 | Masco Corp. | 33,464 | ||
343 | Trane Technologies PLC | 41,589 | ||
141,007 | ||||
Capital Markets – 3.6% | ||||
179 | Ameriprise Financial, Inc. | 27,586 | ||
539 | Apollo Global Management, Inc. | 24,120 | ||
696 | Bank of New York Mellon (The) Corp. | 23,901 | ||
49 | BlackRock, Inc. | 27,614 | ||
475 | Blackstone Group (The), Inc., Class A | 24,795 | ||
964 | Carlyle Group (The), Inc. | 23,782 | ||
288 | Cboe Global Markets, Inc. | 25,269 | ||
798 | Charles Schwab (The) Corp. | 28,911 | ||
166 | CME Group, Inc. | 27,773 | ||
199 | FactSet Research Systems, Inc. | 66,641 | ||
1,283 | Franklin Resources, Inc. | 26,109 | ||
136 | Goldman Sachs Group (The), Inc. | 27,332 | ||
294 | Intercontinental Exchange, Inc. | 29,415 | ||
871 | KKR & Co., Inc. | 29,910 | ||
54 | MarketAxess Holdings, Inc. | 26,006 | ||
98 | Moody’s Corp. | 28,405 | ||
557 | Morgan Stanley | 26,931 | ||
81 | MSCI, Inc. | 28,899 | ||
225 | Nasdaq, Inc. | 27,610 | ||
339 | Northern Trust Corp. | 26,432 | ||
391 | Raymond James Financial, Inc. | 28,449 | ||
82 | S&P Global, Inc. | 29,569 | ||
423 | State Street Corp. | 25,097 | ||
218 | T Rowe Price Group, Inc. | 27,952 | ||
688,508 | ||||
Chemicals – 1.3% | ||||
73 | Air Products & Chemicals, Inc. | 21,744 | ||
203 | Celanese Corp. | 21,812 | ||
1,351 | Corteva, Inc. | 38,922 | ||
430 | Dow, Inc. | 20,232 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Chemicals (Continued) | ||||
330 | DuPont de Nemours, Inc. | $18,309 | ||
88 | Ecolab, Inc. | 17,586 | ||
176 | FMC Corp. | 18,640 | ||
143 | International Flavors & Fragrances, Inc. | 17,510 | ||
266 | LyondellBasell Industries N.V., Class A | 18,750 | ||
165 | PPG Industries, Inc. | 20,143 | ||
53 | Sherwin-Williams (The) Co. | 36,927 | ||
250,575 | ||||
Commercial Services & Supplies – 1.0% | ||||
114 | Cintas Corp. | 37,943 | ||
372 | Republic Services, Inc. | 34,726 | ||
1,543 | Rollins, Inc. | 83,615 | ||
288 | Waste Management, Inc. | 32,593 | ||
188,877 | ||||
Communications Equipment – 1.4% | ||||
2,923 | Cisco Systems, Inc. | 115,137 | ||
973 | Motorola Solutions, Inc. | 152,576 | ||
267,713 | ||||
Construction & Engineering – 0.2% | ||||
359 | Jacobs Engineering Group, Inc. | 33,304 | ||
Construction Materials – 0.4% | ||||
148 | Martin Marietta Materials, Inc. | 34,833 | ||
263 | Vulcan Materials Co. | 35,647 | ||
70,480 | ||||
Consumer Finance – 0.8% | ||||
1,357 | Ally Financial, Inc. | 34,020 | ||
283 | American Express Co. | 28,371 | ||
430 | Capital One Financial Corp. | 30,900 | ||
537 | Discover Financial Services | 31,028 | ||
1,214 | Synchrony Financial | 31,770 | ||
156,089 | ||||
Containers & Packaging – 0.6% | ||||
153 | Avery Dennison Corp. | 19,560 | ||
439 | Ball Corp. | 36,490 | ||
497 | International Paper Co. | 20,148 | ||
1,079 | WestRock Co. | 37,484 | ||
113,682 | ||||
Distributors – 0.2% | ||||
416 | Genuine Parts Co. | 39,591 | ||
Diversified Financial Services – 0.1% | ||||
1,395 | Equitable Holdings, Inc. | 25,445 |
Shares | Description | Value | ||
Diversified Telecommunication Services – 1.9% | ||||
4,000 | AT&T, Inc. | $114,040 | ||
12,056 | CenturyLink, Inc. | 121,645 | ||
2,193 | Verizon Communications, Inc. | 130,462 | ||
366,147 | ||||
Electric Utilities – 1.4% | ||||
388 | Alliant Energy Corp. | 20,040 | ||
233 | American Electric Power Co., Inc. | 19,043 | ||
233 | Duke Energy Corp. | 20,634 | ||
342 | Edison International | 17,387 | ||
198 | Entergy Corp. | 19,509 | ||
313 | Evergy, Inc. | 15,907 | ||
223 | Eversource Energy | 18,632 | ||
512 | Exelon Corp. | 18,309 | ||
479 | FirstEnergy Corp. | 13,752 | ||
77 | NextEra Energy, Inc. | 21,372 | ||
253 | Pinnacle West Capital Corp. | 18,861 | ||
719 | PPL Corp. | 19,564 | ||
358 | Southern (The) Co. | 19,411 | ||
297 | Xcel Energy, Inc. | 20,496 | ||
262,917 | ||||
Electrical Equipment – 0.7% | ||||
341 | AMETEK, Inc. | 33,895 | ||
348 | Eaton Corp. PLC | 35,507 | ||
491 | Emerson Electric Co. | 32,195 | ||
143 | Rockwell Automation, Inc. | 31,557 | ||
133,154 | ||||
Electronic Equipment, Instruments & Components – 2.0% | ||||
318 | Amphenol Corp., Class A | 34,430 | ||
1,173 | CDW Corp. | 140,208 | ||
5,263 | Corning, Inc. | 170,574 | ||
374 | TE Connectivity Ltd. | 36,555 | ||
381,767 | ||||
Energy Equipment & Services – 0.3% | ||||
1,610 | Baker Hughes Co. | 21,397 | ||
1,909 | Halliburton Co. | 23,004 | ||
1,347 | Schlumberger Ltd. | 20,959 | ||
65,360 | ||||
Entertainment – 0.6% | ||||
477 | Activision Blizzard, Inc. | 38,613 | ||
586 | Walt Disney (The) Co. | 72,711 | ||
111,324 | ||||
Food & Staples Retailing – 1.8% | ||||
216 | Costco Wholesale Corp. | 76,680 | ||
1,932 | Kroger (The) Co. | 65,514 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Food & Staples Retailing (Continued) | ||||
1,196 | Sysco Corp. | $74,415 | ||
1,543 | Walgreens Boots Alliance, Inc. | 55,425 | ||
546 | Walmart, Inc. | 76,391 | ||
348,425 | ||||
Food Products – 2.6% | ||||
907 | Archer-Daniels-Midland Co. | 42,166 | ||
729 | Campbell Soup Co. | 35,262 | ||
1,029 | Conagra Brands, Inc. | 36,746 | ||
587 | General Mills, Inc. | 36,206 | ||
279 | Hershey (The) Co. | 39,992 | ||
750 | Hormel Foods Corp. | 36,667 | ||
342 | JM Smucker (The) Co. | 39,508 | ||
548 | Kellogg Co. | 35,395 | ||
1,135 | Kraft Heinz (The) Co. | 33,993 | ||
566 | Lamb Weston Holdings, Inc. | 37,509 | ||
202 | McCormick & Co., Inc. | 39,208 | ||
708 | Mondelez International, Inc., Class A | 40,675 | ||
606 | Tyson Foods, Inc., Class A | 36,045 | ||
489,372 | ||||
Gas Utilities – 0.1% | ||||
187 | Atmos Energy Corp. | 17,875 | ||
Health Care Equipment & Supplies – 5.2% | ||||
889 | Abbott Laboratories | 96,750 | ||
944 | Baxter International, Inc. | 75,917 | ||
340 | Becton Dickinson and Co. | 79,111 | ||
287 | Cooper (The) Cos., Inc. | 96,753 | ||
172 | Danaher Corp. | 37,037 | ||
1,845 | DENTSPLY SIRONA, Inc. | 80,682 | ||
887 | Medtronic PLC | 92,177 | ||
423 | ResMed, Inc. | 72,515 | ||
451 | Stryker Corp. | 93,975 | ||
223 | Teleflex, Inc. | 75,914 | ||
358 | West Pharmaceutical Services, Inc. | 98,414 | ||
681 | Zimmer Biomet Holdings, Inc. | 92,711 | ||
991,956 | ||||
Health Care Providers & Services – 4.5% | ||||
649 | AmerisourceBergen Corp. | 62,901 | ||
309 | Anthem, Inc. | 82,994 | ||
1,558 | Cardinal Health, Inc. | 73,148 | ||
433 | Cigna Corp. | 73,355 | ||
1,007 | CVS Health Corp. | 58,809 | ||
838 | HCA Healthcare, Inc. | 104,482 | ||
210 | Humana, Inc. | 86,917 | ||
426 | McKesson Corp. | 63,444 | ||
713 | Quest Diagnostics, Inc. | 81,631 | ||
276 | UnitedHealth Group, Inc. | 86,049 |
Shares | Description | Value | ||
Health Care Providers & Services (Continued) | ||||
875 | Universal Health Services, Inc., Class B | $93,642 | ||
867,372 | ||||
Health Care Technology – 0.8% | ||||
1,989 | Cerner Corp. | 143,785 | ||
Hotels, Restaurants & Leisure – 5.1% | ||||
2,898 | Aramark | 76,652 | ||
3,983 | Carnival Corp. | 60,462 | ||
863 | Darden Restaurants, Inc. | 86,939 | ||
177 | Domino’s Pizza, Inc. | 75,274 | ||
890 | Hilton Worldwide Holdings, Inc. | 75,935 | ||
1,436 | Las Vegas Sands Corp. | 67,004 | ||
763 | Marriott International, Inc., Class A | 70,638 | ||
355 | McDonald’s Corp. | 77,919 | ||
3,893 | MGM Resorts International | 84,673 | ||
1,300 | Royal Caribbean Cruises Ltd. | 84,149 | ||
889 | Starbucks Corp. | 76,383 | ||
878 | Wynn Resorts Ltd. | 63,049 | ||
752 | Yum! Brands, Inc. | 68,658 | ||
967,735 | ||||
Household Durables – 0.9% | ||||
653 | DR Horton, Inc. | 49,386 | ||
371 | Garmin Ltd. | 35,193 | ||
587 | Lennar Corp., Class A | 47,946 | ||
1,064 | PulteGroup, Inc. | 49,253 | ||
181,778 | ||||
Household Products – 1.0% | ||||
468 | Church & Dwight Co., Inc. | 43,856 | ||
165 | Clorox (The) Co. | 34,678 | ||
494 | Colgate-Palmolive Co. | 38,112 | ||
256 | Kimberly-Clark Corp. | 37,801 | ||
303 | Procter & Gamble (The) Co. | 42,114 | ||
196,561 | ||||
Independent Power & Renewable Electricity Producers – 0.2% | ||||
1,282 | AES (The) Corp. | 23,217 | ||
998 | Vistra Corp. | 18,822 | ||
42,039 | ||||
Industrial Conglomerates – 0.7% | ||||
195 | 3M Co. | 31,235 | ||
4,463 | General Electric Co. | 27,804 | ||
211 | Honeywell International, Inc. | 34,733 | ||
79 | Roper Technologies, Inc. | 31,214 | ||
124,986 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Insurance – 2.9% | ||||
747 | Aflac, Inc. | $27,153 | ||
277 | Allstate (The) Corp. | 26,077 | ||
863 | American International Group, Inc. | 23,758 | ||
276 | Arthur J. Gallagher & Co. | 29,140 | ||
660 | Brown & Brown, Inc. | 29,878 | ||
213 | Chubb Ltd. | 24,734 | ||
420 | Cincinnati Financial Corp. | 32,747 | ||
130 | Everest Re Group Ltd. | 25,680 | ||
878 | Fidelity National Financial, Inc. | 27,490 | ||
363 | Globe Life, Inc. | 29,004 | ||
698 | Hartford Financial Services Group (The), Inc. | 25,728 | ||
731 | Lincoln National Corp. | 22,902 | ||
785 | Loews Corp. | 27,279 | ||
251 | Marsh & McLennan Cos., Inc. | 28,790 | ||
737 | MetLife, Inc. | 27,394 | ||
648 | Principal Financial Group, Inc. | 26,095 | ||
336 | Progressive (The) Corp. | 31,809 | ||
442 | Prudential Financial, Inc. | 28,076 | ||
236 | Travelers (The) Cos., Inc. | 25,533 | ||
470 | WR Berkley Corp. | 28,741 | ||
548,008 | ||||
Internet & Direct Marketing Retail – 0.7% | ||||
1,247 | eBay, Inc. | 64,969 | ||
796 | Expedia Group, Inc. | 72,985 | ||
137,954 | ||||
IT Services – 4.0% | ||||
142 | Accenture PLC, Class A | 32,091 | ||
205 | Automatic Data Processing, Inc. | 28,595 | ||
392 | Booz Allen Hamilton Holding Corp. | 32,528 | ||
242 | Broadridge Financial Solutions, Inc. | 31,944 | ||
2,399 | Cognizant Technology Solutions Corp., Class A | 166,539 | ||
227 | Fidelity National Information Services, Inc. | 33,417 | ||
180 | Global Payments, Inc. | 31,964 | ||
1,129 | International Business Machines Corp. | 137,365 | ||
166 | Jack Henry & Associates, Inc. | 26,990 | ||
1,455 | Leidos Holdings, Inc. | 129,713 | ||
91 | Mastercard, Inc., Class A | 30,774 | ||
402 | Paychex, Inc. | 32,068 | ||
139 | Visa, Inc., Class A | 27,796 | ||
1,245 | Western Union (The) Co. | 26,680 | ||
768,464 | ||||
Leisure Products – 0.2% | ||||
483 | Hasbro, Inc. | 39,954 |
Shares | Description | Value | ||
Life Sciences Tools & Services – 0.9% | ||||
345 | Agilent Technologies, Inc. | $34,824 | ||
311 | PerkinElmer, Inc. | 39,034 | ||
224 | Thermo Fisher Scientific, Inc. | 98,900 | ||
172,758 | ||||
Machinery – 2.2% | ||||
241 | Caterpillar, Inc. | 35,945 | ||
176 | Cummins, Inc. | 37,164 | ||
194 | Deere & Co. | 42,996 | ||
316 | Dover Corp. | 34,235 | ||
451 | Fortive Corp. | 34,371 | ||
193 | IDEX Corp. | 35,205 | ||
174 | Illinois Tool Works, Inc. | 33,619 | ||
407 | PACCAR, Inc. | 34,709 | ||
166 | Parker-Hannifin Corp. | 33,588 | ||
219 | Stanley Black & Decker, Inc. | 35,522 | ||
529 | Westinghouse Air Brake Technologies Corp. | 32,735 | ||
469 | Xylem, Inc. | 39,452 | ||
429,541 | ||||
Media – 1.8% | ||||
1,678 | Comcast Corp., Class A | 77,624 | ||
2,438 | Fox Corp., Class A | 67,850 | ||
1,198 | Omnicom Group, Inc. | 59,301 | ||
11,141 | Sirius XM Holdings, Inc. | 59,716 | ||
2,804 | ViacomCBS, Inc., Class B | 78,540 | ||
343,031 | ||||
Metals & Mining – 0.3% | ||||
1,513 | Freeport-McMoRan, Inc. | 23,663 | ||
284 | Newmont Corp. | 18,020 | ||
423 | Nucor Corp. | 18,976 | ||
60,659 | ||||
Multiline Retail – 0.8% | ||||
343 | Dollar General Corp. | 71,900 | ||
545 | Target Corp. | 85,794 | ||
157,694 | ||||
Multi-Utilities – 1.0% | ||||
264 | Ameren Corp. | 20,877 | ||
995 | CenterPoint Energy, Inc. | 19,253 | ||
318 | CMS Energy Corp. | 19,528 | ||
258 | Consolidated Edison, Inc. | 20,073 | ||
229 | Dominion Energy, Inc. | 18,075 | ||
173 | DTE Energy Co. | 19,902 | ||
817 | NiSource, Inc. | 17,974 | ||
378 | Public Service Enterprise Group, Inc. | 20,756 | ||
158 | Sempra Energy | 18,701 | ||
212 | WEC Energy Group, Inc. | 20,543 | ||
195,682 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Oil, Gas & Consumable Fuels – 1.7% | ||||
1,835 | Apache Corp. | $17,377 | ||
278 | Chevron Corp. | 20,016 | ||
481 | Concho Resources, Inc. | 21,222 | ||
590 | ConocoPhillips | 19,376 | ||
1,413 | Continental Resources, Inc. | 17,352 | ||
592 | Diamondback Energy, Inc. | 17,831 | ||
489 | EOG Resources, Inc. | 17,575 | ||
554 | Exxon Mobil Corp. | 19,019 | ||
478 | Hess Corp. | 19,564 | ||
1,633 | Kinder Morgan, Inc. | 20,135 | ||
663 | Marathon Petroleum Corp. | 19,452 | ||
1,354 | Occidental Petroleum Corp. | 13,553 | ||
746 | ONEOK, Inc. | 19,381 | ||
345 | Phillips 66 | 17,885 | ||
254 | Pioneer Natural Resources Co. | 21,841 | ||
421 | Valero Energy Corp. | 18,238 | ||
1,303 | Williams (The) Cos., Inc. | 25,604 | ||
325,421 | ||||
Personal Products – 0.2% | ||||
192 | Estee Lauder (The) Cos., Inc., Class A | 41,904 | ||
Pharmaceuticals – 2.7% | ||||
1,383 | Bristol-Myers Squibb Co. | 83,381 | ||
495 | Eli Lilly & Co. | 73,270 | ||
578 | Johnson & Johnson | 86,053 | ||
1,051 | Merck & Co., Inc. | 87,181 | ||
2,486 | Pfizer, Inc. | 91,236 | ||
593 | Zoetis, Inc. | 98,064 | ||
519,185 | ||||
Professional Services – 0.5% | ||||
157 | Equifax, Inc. | 24,633 | ||
350 | TransUnion | 29,446 | ||
179 | Verisk Analytics, Inc. | 33,170 | ||
87,249 | ||||
Road & Rail – 1.1% | ||||
437 | CSX Corp. | 33,942 | ||
253 | JB Hunt Transport Services, Inc. | 31,974 | ||
204 | Kansas City Southern | 36,889 | ||
174 | Norfolk Southern Corp. | 37,234 | ||
180 | Old Dominion Freight Line, Inc. | 32,566 | ||
180 | Union Pacific Corp. | 35,437 | ||
208,042 | ||||
Semiconductors & Semiconductor Equipment – 12.3% | ||||
1,111 | Analog Devices, Inc. | 129,698 | ||
2,255 | Applied Materials, Inc. | 134,060 | ||
432 | Broadcom, Inc. | 157,386 | ||
2,278 | Intel Corp. | 117,955 | ||
701 | KLA Corp. | 135,812 |
Shares | Description | Value | ||
Semiconductors & Semiconductor Equipment (Continued) | ||||
421 | Lam Research Corp. | $139,667 | ||
3,888 | Marvell Technology Group Ltd. | 154,354 | ||
2,249 | Maxim Integrated Products, Inc. | 152,055 | ||
1,294 | Microchip Technology, Inc. | 132,971 | ||
359 | NVIDIA Corp. | 194,298 | ||
1,195 | NXP Semiconductors N.V. | 149,148 | ||
1,495 | QUALCOMM, Inc. | 175,932 | ||
1,066 | Skyworks Solutions, Inc. | 155,103 | ||
1,613 | Teradyne, Inc. | 128,169 | ||
1,074 | Texas Instruments, Inc. | 153,356 | ||
1,385 | Xilinx, Inc. | 144,372 | ||
2,354,336 | ||||
Software – 4.5% | ||||
922 | Citrix Systems, Inc. | 126,969 | ||
460 | Intuit, Inc. | 150,056 | ||
670 | Microsoft Corp. | 140,921 | ||
6,874 | NortonLifeLock, Inc. | 143,254 | ||
2,466 | Oracle Corp. | 147,220 | ||
2,413 | SS&C Technologies Holdings, Inc. | 146,035 | ||
854,455 | ||||
Specialty Retail – 2.4% | ||||
749 | Best Buy Co., Inc. | 83,356 | ||
261 | Home Depot (The), Inc. | 72,482 | ||
484 | Lowe’s Cos., Inc. | 80,276 | ||
767 | Ross Stores, Inc. | 71,576 | ||
1,293 | TJX (The) Cos., Inc. | 71,956 | ||
496 | Tractor Supply Co. | 71,097 | ||
450,743 | ||||
Technology Hardware, Storage & Peripherals – 4.4% | ||||
1,496 | Apple, Inc. | 173,252 | ||
14,010 | Hewlett Packard Enterprise Co. | 131,274 | ||
7,821 | HP, Inc. | 148,521 | ||
3,072 | NetApp, Inc. | 134,676 | ||
2,816 | Seagate Technology PLC | 138,744 | ||
3,088 | Western Digital Corp. | 112,866 | ||
839,333 | ||||
Textiles, Apparel & Luxury Goods – 0.5% | ||||
369 | NIKE, Inc., Class B | 46,324 | ||
594 | VF Corp. | 41,729 | ||
88,053 | ||||
Tobacco – 0.4% | ||||
922 | Altria Group, Inc. | 35,626 | ||
517 | Philip Morris International, Inc. | 38,770 | ||
74,396 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Trading Companies & Distributors – 0.3% | ||||
712 | Fastenal Co. | $32,104 | ||
97 | WW Grainger, Inc. | 34,607 | ||
66,711 | ||||
Water Utilities – 0.2% | ||||
144 | American Water Works Co., Inc. | 20,863 | ||
440 | Essential Utilities, Inc. | 17,710 | ||
38,573 | ||||
Total Common Stocks | 18,137,981 | |||
(Cost $16,565,018) | ||||
REAL ESTATE INVESTMENT TRUSTS – 5.1% | ||||
Equity Real Estate Investment Trusts – 4.8% | ||||
166 | Alexandria Real Estate Equities, Inc. | 26,560 | ||
104 | American Tower Corp. | 25,140 | ||
174 | AvalonBay Communities, Inc. | 25,985 | ||
298 | Boston Properties, Inc. | 23,929 | ||
295 | Camden Property Trust | 26,249 | ||
161 | Crown Castle International Corp. | 26,807 | ||
189 | Digital Realty Trust, Inc. | 27,738 | ||
760 | Duke Realty Corp. | 28,044 | ||
38 | Equinix, Inc. | 28,885 | ||
431 | Equity LifeStyle Properties, Inc. | 26,420 | ||
457 | Equity Residential | 23,458 | ||
117 | Essex Property Trust, Inc. | 23,492 | ||
291 | Extra Space Storage, Inc. | 31,134 | ||
787 | Gaming and Leisure Properties, Inc. | 29,064 | ||
976 | Healthpeak Properties, Inc. | 26,498 | ||
2,494 | Host Hotels & Resorts, Inc. | 26,910 | ||
977 | Invitation Homes, Inc. | 27,346 | ||
1,431 | Medical Properties Trust, Inc. | 25,229 | ||
235 | Mid-America Apartment Communities, Inc. | 27,248 | ||
288 | Prologis, Inc. | 28,979 | ||
140 | Public Storage | 31,181 | ||
452 | Realty Income Corp. | 27,459 | ||
586 | Regency Centers Corp. | 22,280 | ||
90 | SBA Communications Corp. | 28,663 | ||
394 | Simon Property Group, Inc. | 25,484 | ||
198 | Sun Communities, Inc. | 27,841 | ||
720 | UDR, Inc. | 23,479 | ||
735 | Ventas, Inc. | 30,841 | ||
4,185 | VEREIT, Inc. | 27,202 | ||
1,333 | VICI Properties, Inc. | 31,152 | ||
704 | Vornado Realty Trust | 23,732 | ||
520 | Welltower, Inc. | 28,647 | ||
1,198 | Weyerhaeuser Co. | 34,167 | ||
398 | WP Carey, Inc. | 25,934 | ||
923,177 |
Shares | Description | Value | ||
Mortgage Real Estate Investment Trusts – 0.3% | ||||
2,086 | AGNC Investment Corp. | $29,016 | ||
4,102 | Annaly Capital Management, Inc. | 29,206 | ||
58,222 | ||||
Total Real Estate Investment Trusts | 981,399 | |||
(Cost $1,000,572) | ||||
Total Investments – 99.9% | 19,119,380 | |||
(Cost $17,565,590) (a) | ||||
Net Other Assets and Liabilities – 0.1% | 19,210 | |||
Net Assets – 100.0% | $19,138,590 |
(a) | Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of September 30, 2020, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $3,157,905 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $1,604,115. The net unrealized appreciation was $1,553,790. |
Total Value at 9/30/2020 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 18,137,981 | $ 18,137,981 | $ — | $ — |
Real Estate Investment Trusts* | 981,399 | 981,399 | — | — |
Total Investments | $ 19,119,380 | $ 19,119,380 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 91.2% | ||||
Aerospace & Defense – 1.0% | ||||
548 | BWX Technologies, Inc. | $30,858 | ||
347 | Curtiss-Wright Corp. | 32,361 | ||
586 | Moog, Inc., Class A | 37,229 | ||
1,296 | Spirit AeroSystems Holdings, Inc., Class A | 24,507 | ||
124,955 | ||||
Air Freight & Logistics – 0.3% | ||||
392 | CH Robinson Worldwide, Inc. | 40,058 | ||
Airlines – 0.5% | ||||
890 | Alaska Air Group, Inc. | 32,601 | ||
989 | SkyWest, Inc. | 29,531 | ||
62,132 | ||||
Auto Components – 1.0% | ||||
945 | BorgWarner, Inc. | 36,609 | ||
1,294 | Gentex Corp. | 33,321 | ||
3,728 | Goodyear Tire & Rubber (The) Co. | 28,594 | ||
306 | Lear Corp. | 33,369 | ||
131,893 | ||||
Automobiles – 0.5% | ||||
1,403 | Harley-Davidson, Inc. | 34,430 | ||
313 | Thor Industries, Inc. | 29,816 | ||
64,246 | ||||
Banks – 5.6% | ||||
780 | Ameris Bancorp | 17,768 | ||
1,346 | Associated Banc-Corp. | 16,987 | ||
810 | BancorpSouth Bank | 15,698 | ||
300 | Bank of Hawaii Corp. | 15,156 | ||
784 | Bank OZK | 16,715 | ||
909 | BankUnited, Inc. | 19,916 | ||
326 | BOK Financial Corp. | 16,792 | ||
700 | Cathay General Bancorp | 15,176 | ||
888 | CIT Group, Inc. | 15,726 | ||
649 | Columbia Banking System, Inc. | 15,479 | ||
483 | Comerica, Inc. | 18,475 | ||
309 | Commerce Bancshares, Inc. | 17,394 | ||
323 | Community Bank System, Inc. | 17,591 | ||
246 | Cullen/Frost Bankers, Inc. | 15,732 | ||
982 | CVB Financial Corp. | 16,331 | ||
508 | East West Bancorp, Inc. | 16,632 | ||
45 | First Citizens BancShares, Inc., Class A | 14,345 | ||
637 | First Financial Bankshares, Inc. | 17,779 | ||
1,068 | First Hawaiian, Inc. | 15,454 | ||
1,848 | First Horizon National Corp. | 17,427 | ||
2,454 | FNB Corp. | 16,638 | ||
522 | Glacier Bancorp, Inc. | 16,730 | ||
868 | Hancock Whitney Corp. | 16,327 | ||
1,197 | Home BancShares, Inc. | 18,146 | ||
2,166 | Investors Bancorp, Inc. | 15,725 | ||
1,338 | Old National Bancorp | 16,805 |
Shares | Description | Value | ||
Banks (Continued) | ||||
934 | PacWest Bancorp | $15,953 | ||
1,591 | People’s United Financial, Inc. | 16,403 | ||
438 | Pinnacle Financial Partners, Inc. | 15,588 | ||
495 | Popular, Inc. | 17,954 | ||
310 | Prosperity Bancshares, Inc. | 16,067 | ||
172 | Signature Bank | 14,274 | ||
1,571 | Sterling Bancorp | 16,527 | ||
897 | Synovus Financial Corp. | 18,989 | ||
626 | TCF Financial Corp. | 14,623 | ||
357 | UMB Financial Corp. | 17,497 | ||
1,730 | Umpqua Holdings Corp. | 18,373 | ||
666 | United Bankshares, Inc. | 14,299 | ||
2,354 | Valley National Bancorp | 16,125 | ||
643 | Webster Financial Corp. | 16,982 | ||
486 | Western Alliance Bancorp | 15,367 | ||
422 | Wintrust Financial Corp. | 16,901 | ||
541 | Zions Bancorp N.A. | 15,808 | ||
710,674 | ||||
Building Products – 2.3% | ||||
658 | A.O. Smith Corp. | 34,743 | ||
628 | Advanced Drainage Systems, Inc. | 39,212 | ||
398 | Armstrong World Industries, Inc. | 27,386 | ||
522 | Fortune Brands Home & Security, Inc. | 45,164 | ||
133 | Lennox International, Inc. | 36,257 | ||
556 | Owens Corning | 38,258 | ||
368 | Simpson Manufacturing Co., Inc. | 35,755 | ||
627 | UFP Industries, Inc. | 35,432 | ||
292,207 | ||||
Capital Markets – 2.3% | ||||
247 | Affiliated Managers Group, Inc. | 16,890 | ||
464 | Ares Management Corp., Class A | 18,755 | ||
270 | Cohen & Steers, Inc. | 15,050 | ||
477 | Eaton Vance Corp. | 18,198 | ||
312 | Evercore, Inc., Class A | 20,424 | ||
777 | Federated Hermes, Inc. | 16,713 | ||
441 | Interactive Brokers Group, Inc., Class A | 21,314 | ||
1,711 | Invesco, Ltd. | 19,522 | ||
643 | Lazard Ltd., Class A | 21,251 | ||
235 | LPL Financial Holdings, Inc. | 18,017 | ||
229 | Morningstar, Inc. | 36,780 | ||
335 | SEI Investments Co. | 16,991 | ||
388 | Stifel Financial Corp. | 19,617 | ||
534 | Tradeweb Markets, Inc., Class A | 30,972 | ||
290,494 | ||||
Chemicals – 3.4% | ||||
370 | Albemarle Corp. | 33,034 | ||
414 | Ashland Global Holdings, Inc. | 29,361 | ||
302 | Balchem Corp. | 29,484 | ||
1,017 | CF Industries Holdings, Inc. | 31,232 | ||
411 | Eastman Chemical Co. | 32,107 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Chemicals (Continued) | ||||
1,592 | Huntsman Corp. | $35,358 | ||
2,287 | Mosaic (The) Co. | 41,784 | ||
71 | NewMarket Corp. | 24,305 | ||
154 | Quaker Chemical Corp. | 27,675 | ||
381 | RPM International, Inc. | 31,562 | ||
213 | Scotts Miracle-Gro (The) Co. | 32,570 | ||
1,725 | Valvoline, Inc. | 32,844 | ||
533 | Westlake Chemical Corp. | 33,696 | ||
563 | WR Grace & Co. | 22,683 | ||
437,695 | ||||
Commercial Services & Supplies – 1.5% | ||||
3,888 | ADT, Inc. | 31,765 | ||
663 | Brady Corp., Class A | 26,533 | ||
682 | Brink’s (The) Co. | 28,024 | ||
271 | MSA Safety, Inc. | 36,360 | ||
392 | Tetra Tech, Inc. | 37,436 | ||
173 | UniFirst Corp. | 32,761 | ||
192,879 | ||||
Communications Equipment – 0.9% | ||||
5,547 | Juniper Networks, Inc. | 119,261 | ||
Construction & Engineering – 0.8% | ||||
469 | EMCOR Group, Inc. | 31,756 | ||
791 | Quanta Services, Inc. | 41,812 | ||
273 | Valmont Industries, Inc. | 33,901 | ||
107,469 | ||||
Construction Materials – 0.3% | ||||
442 | Eagle Materials, Inc. | 38,153 | ||
Consumer Finance – 0.8% | ||||
273 | FirstCash, Inc. | 15,618 | ||
2,619 | Navient Corp. | 22,131 | ||
750 | OneMain Holdings, Inc. | 23,437 | ||
1,000 | Santander Consumer USA Holdings, Inc. | 18,190 | ||
2,619 | SLM Corp. | 21,188 | ||
100,564 | ||||
Containers & Packaging – 1.6% | ||||
277 | AptarGroup, Inc. | 31,356 | ||
2,218 | Graphic Packaging Holding Co. | 31,252 | ||
311 | Packaging Corp. of America | 33,914 | ||
944 | Sealed Air Corp. | 36,637 | ||
958 | Silgan Holdings, Inc. | 35,226 | ||
593 | Sonoco Products Co. | 30,284 | ||
198,669 | ||||
Distributors – 0.3% | ||||
123 | Pool Corp. | 41,148 |
Shares | Description | Value | ||
Diversified Consumer Services – 0.7% | ||||
2,259 | H&R Block, Inc. | $36,799 | ||
830 | Service Corp. International | 35,009 | ||
210 | Strategic Education, Inc. | 19,209 | ||
91,017 | ||||
Diversified Financial Services – 0.3% | ||||
1,184 | Jefferies Financial Group, Inc. | 21,312 | ||
395 | Voya Financial, Inc. | 18,932 | ||
40,244 | ||||
Diversified Telecommunication Services – 0.8% | ||||
1,639 | Cogent Communications Holdings, Inc. | 98,422 | ||
Electric Utilities – 1.2% | ||||
364 | ALLETE, Inc. | 18,833 | ||
552 | Hawaiian Electric Industries, Inc. | 18,349 | ||
228 | IDACORP, Inc. | 18,217 | ||
308 | MGE Energy, Inc. | 19,299 | ||
611 | NRG Energy, Inc. | 18,782 | ||
655 | OGE Energy Corp. | 19,644 | ||
518 | PNM Resources, Inc. | 21,409 | ||
476 | Portland General Electric Co. | 16,898 | ||
151,431 | ||||
Electrical Equipment – 1.2% | ||||
324 | Acuity Brands, Inc. | 33,161 | ||
482 | EnerSys | 32,352 | ||
3,888 | GrafTech International Ltd. | 26,594 | ||
247 | Hubbell, Inc. | 33,800 | ||
355 | Regal Beloit Corp. | 33,324 | ||
159,231 | ||||
Electronic Equipment, Instruments & Components – 2.9% | ||||
1,112 | Avnet, Inc. | 28,734 | ||
519 | Cognex Corp. | 33,787 | ||
490 | Dolby Laboratories, Inc., Class A | 32,477 | ||
765 | FLIR Systems, Inc. | 27,425 | ||
967 | Jabil, Inc. | 33,129 | ||
182 | Littelfuse, Inc. | 32,276 | ||
801 | National Instruments Corp. | 28,596 | ||
1,059 | SYNNEX Corp. | 148,324 | ||
364,748 | ||||
Energy Equipment & Services – 0.3% | ||||
1,122 | Helmerich & Payne, Inc. | 16,437 | ||
1,786 | National Oilwell Varco, Inc. | 16,181 | ||
32,618 | ||||
Entertainment – 0.2% | ||||
2,793 | Cinemark Holdings, Inc. | 27,930 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Food & Staples Retailing – 0.3% | ||||
215 | Casey’s General Stores, Inc. | $38,195 | ||
Food Products – 1.9% | ||||
811 | Bunge Ltd. | 37,063 | ||
1,491 | Flowers Foods, Inc. | 36,276 | ||
402 | Ingredion, Inc. | 30,423 | ||
262 | J&J Snack Foods Corp. | 34,162 | ||
215 | Lancaster Colony Corp. | 38,442 | ||
288 | Sanderson Farms, Inc. | 33,975 | ||
11 | Seaboard Corp. | 31,204 | ||
241,545 | ||||
Gas Utilities – 1.0% | ||||
475 | National Fuel Gas Co. | 19,280 | ||
609 | New Jersey Resources Corp. | 16,455 | ||
258 | ONE Gas, Inc. | 17,805 | ||
796 | South Jersey Industries, Inc. | 15,339 | ||
288 | Southwest Gas Holdings, Inc. | 18,173 | ||
303 | Spire, Inc. | 16,120 | ||
626 | UGI Corp. | 20,645 | ||
123,817 | ||||
Health Care Equipment & Supplies – 5.3% | ||||
5,391 | Cantel Medical Corp. | 236,880 | ||
3,312 | CONMED Corp. | 260,555 | ||
2,172 | Hill-Rom Holdings, Inc. | 181,384 | ||
678,819 | ||||
Health Care Providers & Services – 4.0% | ||||
528 | Chemed Corp. | 253,625 | ||
3,850 | Encompass Health Corp. | 250,173 | ||
503,798 | ||||
Hotels, Restaurants & Leisure – 3.8% | ||||
1,544 | Boyd Gaming Corp. | 47,385 | ||
409 | Choice Hotels International, Inc. | 35,158 | ||
242 | Churchill Downs, Inc. | 39,644 | ||
291 | Cracker Barrel Old Country Store, Inc. | 33,366 | ||
495 | Dunkin’ Brands Group, Inc. | 40,545 | ||
642 | Hyatt Hotels Corp., Class A | 34,264 | ||
392 | Marriott Vacations Worldwide Corp. | 35,598 | ||
1,679 | Six Flags Entertainment Corp. | 34,084 | ||
614 | Texas Roadhouse, Inc. | 37,325 | ||
177 | Vail Resorts, Inc. | 37,873 | ||
1,481 | Wendy’s (The) Co. | 33,019 | ||
1,145 | Wyndham Destinations, Inc. | 35,220 | ||
757 | Wyndham Hotels & Resorts, Inc. | 38,228 | ||
481,709 |
Shares | Description | Value | ||
Household Durables – 1.7% | ||||
1,087 | KB Home | $41,730 | ||
949 | Leggett & Platt, Inc. | 39,070 | ||
2,100 | Newell Brands, Inc. | 36,036 | ||
1,023 | Toll Brothers, Inc. | 49,779 | ||
257 | Whirlpool Corp. | 47,260 | ||
213,875 | ||||
Household Products – 0.5% | ||||
702 | Energizer Holdings, Inc. | 27,476 | ||
726 | Spectrum Brands Holdings, Inc. | 41,498 | ||
68,974 | ||||
Independent Power & Renewable Electricity Producers – 0.1% | ||||
313 | Ormat Technologies, Inc. | 18,501 | ||
Industrial Conglomerates – 0.2% | ||||
259 | Carlisle Cos., Inc. | 31,694 | ||
Insurance – 2.5% | ||||
290 | American Financial Group, Inc. | 19,424 | ||
255 | American National Group, Inc. | 17,220 | ||
178 | Assurant, Inc. | 21,593 | ||
754 | Assured Guaranty Ltd. | 16,196 | ||
454 | Axis Capital Holdings Ltd. | 19,994 | ||
96 | Erie Indemnity Co., Class A | 20,187 | ||
383 | First American Financial Corp. | 19,499 | ||
182 | Hanover Insurance Group (The), Inc. | 16,959 | ||
254 | Kemper Corp. | 16,975 | ||
1,129 | Old Republic International Corp. | 16,641 | ||
158 | Primerica, Inc. | 17,876 | ||
235 | Reinsurance Group of America, Inc. | 22,370 | ||
108 | RenaissanceRe Holdings Ltd. | 18,332 | ||
224 | RLI Corp. | 18,756 | ||
349 | Selective Insurance Group, Inc. | 17,970 | ||
1,110 | Unum Group | 18,681 | ||
20 | White Mountains Insurance Group Ltd. | 15,580 | ||
314,253 | ||||
IT Services – 4.1% | ||||
688 | Alliance Data Systems Corp. | 28,882 | ||
7,685 | DXC Technology Co. | 137,177 | ||
849 | Genpact Ltd. | 33,069 | ||
1,376 | KBR, Inc. | 30,767 | ||
440 | MAXIMUS, Inc. | 30,100 | ||
5,458 | Perspecta, Inc. | 106,158 | ||
4,003 | Sabre Corp. | 26,060 | ||
1,632 | Science Applications International Corp. | 127,982 | ||
520,195 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Leisure Products – 0.5% | ||||
521 | Brunswick Corp. | $30,692 | ||
360 | Polaris, Inc. | 33,963 | ||
64,655 | ||||
Life Sciences Tools & Services – 3.6% | ||||
903 | Bio-Techne Corp. | 223,700 | ||
5,862 | Bruker Corp. | 233,015 | ||
456,715 | ||||
Machinery – 4.7% | ||||
559 | AGCO Corp. | 41,517 | ||
843 | Allison Transmission Holdings, Inc. | 29,623 | ||
784 | Barnes Group, Inc. | 28,020 | ||
522 | Crane Co. | 26,168 | ||
667 | Donaldson Co., Inc. | 30,962 | ||
1,088 | Flowserve Corp. | 29,692 | ||
646 | Graco, Inc. | 39,632 | ||
528 | ITT, Inc. | 31,178 | ||
361 | John Bean Technologies Corp. | 33,172 | ||
368 | Lincoln Electric Holdings, Inc. | 33,871 | ||
163 | Nordson Corp. | 31,267 | ||
433 | Oshkosh Corp. | 31,825 | ||
1,064 | Rexnord Corp. | 31,750 | ||
224 | Snap-on, Inc. | 32,957 | ||
682 | Timken (The) Co. | 36,978 | ||
468 | Toro (The) Co. | 39,289 | ||
383 | Watts Water Technologies, Inc., Class A | 38,357 | ||
400 | Woodward, Inc. | 32,064 | ||
598,322 | ||||
Media – 1.6% | ||||
18 | Cable One, Inc. | 33,938 | ||
1,880 | Interpublic Group of (The) Cos., Inc. | 31,340 | ||
768 | New York Times (The) Co., Class A | 32,863 | ||
2,720 | News Corp., Class A | 38,134 | ||
385 | Nexstar Media Group, Inc., Class A | 34,623 | ||
2,896 | TEGNA, Inc. | 34,028 | ||
204,926 | ||||
Metals & Mining – 0.7% | ||||
301 | Reliance Steel & Aluminum Co. | 30,714 | ||
230 | Royal Gold, Inc. | 27,639 | ||
1,096 | Steel Dynamics, Inc. | 31,379 | ||
89,732 | ||||
Multiline Retail – 0.6% | ||||
1,553 | Kohl’s Corp. | 28,777 | ||
4,689 | Macy’s, Inc. | 26,727 |
Shares | Description | Value | ||
Multiline Retail (Continued) | ||||
2,083 | Nordstrom, Inc. | $24,830 | ||
80,334 | ||||
Multi-Utilities – 0.7% | ||||
547 | Avista Corp. | 18,664 | ||
351 | Black Hills Corp. | 18,775 | ||
1,399 | MDU Resources Group, Inc. | 31,477 | ||
365 | NorthWestern Corp. | 17,754 | ||
86,670 | ||||
Oil, Gas & Consumable Fuels – 1.6% | ||||
1,274 | Cabot Oil & Gas Corp. | 22,117 | ||
796 | Cimarex Energy Co. | 19,367 | ||
1,088 | CVR Energy, Inc. | 13,469 | ||
1,931 | Devon Energy Corp. | 18,267 | ||
749 | HollyFrontier Corp. | 14,763 | ||
3,575 | Marathon Oil Corp. | 14,622 | ||
1,586 | Murphy Oil Corp. | 14,147 | ||
2,442 | Noble Energy, Inc. | 20,879 | ||
2,291 | Ovintiv, Inc. | 18,694 | ||
2,049 | Parsley Energy, Inc., Class A | 19,179 | ||
2,137 | PBF Energy, Inc., Class A | 12,159 | ||
1,090 | Targa Resources Corp. | 15,293 | ||
202,956 | ||||
Paper & Forest Products – 0.3% | ||||
1,209 | Louisiana-Pacific Corp. | 35,678 | ||
Personal Products – 0.2% | ||||
7,459 | Coty, Inc., Class A | 20,139 | ||
Pharmaceuticals – 1.6% | ||||
4,314 | Perrigo Co. PLC | 198,056 | ||
Professional Services – 1.2% | ||||
462 | CoreLogic, Inc. | 31,263 | ||
383 | Exponent, Inc. | 27,587 | ||
479 | Insperity, Inc. | 31,370 | ||
451 | ManpowerGroup, Inc. | 33,072 | ||
587 | Robert Half International, Inc. | 31,076 | ||
154,368 | ||||
Real Estate Management & Development – 0.3% | ||||
178 | Jones Lang LaSalle, Inc. | 17,027 | ||
1,209 | Kennedy-Wilson Holdings, Inc. | 17,555 | ||
34,582 | ||||
Road & Rail – 0.5% | ||||
744 | Knight-Swift Transportation Holdings, Inc. | 30,281 | ||
276 | Landstar System, Inc. | 34,635 | ||
64,916 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Semiconductors & Semiconductor Equipment – 6.7% | ||||
2,866 | Brooks Automation, Inc. | $132,581 | ||
909 | Cabot Microelectronics Corp. | 129,814 | ||
2,147 | Entegris, Inc. | 159,608 | ||
1,120 | MKS Instruments, Inc. | 122,338 | ||
535 | Monolithic Power Systems, Inc. | 149,591 | ||
2,147 | Power Integrations, Inc. | 118,944 | ||
207 | Universal Display Corp. | 37,413 | ||
850,289 | ||||
Software – 3.2% | ||||
2,221 | Blackbaud, Inc. | 123,999 | ||
3,061 | CDK Global, Inc. | 133,429 | ||
1,253 | Pegasystems, Inc. | 151,663 | ||
409,091 | ||||
Specialty Retail – 3.1% | ||||
711 | Aaron’s, Inc. | 40,278 | ||
226 | Advance Auto Parts, Inc. | 34,691 | ||
782 | Dick’s Sporting Goods, Inc. | 45,262 | ||
1,106 | Foot Locker, Inc. | 36,531 | ||
2,556 | Gap (The), Inc. | 43,529 | ||
2,155 | L Brands, Inc. | 68,551 | ||
213 | Lithia Motors, Inc., Class A | 48,551 | ||
833 | Penske Automotive Group, Inc. | 39,701 | ||
393 | Williams-Sonoma, Inc. | 35,543 | ||
392,637 | ||||
Technology Hardware, Storage & Peripherals – 0.3% | ||||
2,029 | Xerox Holdings Corp. | 38,084 | ||
Textiles, Apparel & Luxury Goods – 2.0% | ||||
413 | Carter’s, Inc. | 35,757 | ||
414 | Columbia Sportswear Co. | 36,010 | ||
2,953 | Hanesbrands, Inc. | 46,510 | ||
694 | PVH Corp. | 41,390 | ||
460 | Ralph Lauren Corp. | 31,266 | ||
1,350 | Steven Madden Ltd. | 26,325 | ||
2,511 | Tapestry, Inc. | 39,247 | ||
256,505 | ||||
Thrifts & Mortgage Finance – 0.6% | ||||
508 | Essent Group Ltd. | 18,801 | ||
2,248 | MGIC Investment Corp. | 19,917 | ||
1,805 | New York Community Bancorp, Inc. | 14,928 | ||
1,187 | Radian Group, Inc. | 17,342 | ||
70,988 | ||||
Trading Companies & Distributors – 0.8% | ||||
1,059 | Air Lease Corp. | 31,156 |
Shares | Description | Value | ||
Trading Companies & Distributors (Continued) | ||||
426 | MSC Industrial Direct Co., Inc., Class A | $26,957 | ||
175 | Watsco, Inc. | 40,756 | ||
98,869 | ||||
Transportation Infrastructure – 0.2% | ||||
1,011 | Macquarie Infrastructure Corp. | 27,186 | ||
Water Utilities – 0.1% | ||||
253 | American States Water Co. | 18,962 | ||
Total Common Stocks | 11,608,173 | |||
(Cost $12,432,295) | ||||
REAL ESTATE INVESTMENT TRUSTS – 8.6% | ||||
Equity Real Estate Investment Trusts – 7.6% | ||||
280 | Agree Realty Corp. | 17,819 | ||
527 | American Campus Communities, Inc. | 18,403 | ||
684 | American Homes 4 Rent, Class A | 19,480 | ||
507 | Americold Realty Trust | 18,125 | ||
489 | Apartment Investment & Management Co., Class A | 16,489 | ||
1,906 | Apple Hospitality REIT, Inc. | 18,317 | ||
1,690 | Brandywine Realty Trust | 17,475 | ||
1,436 | Brixmor Property Group, Inc. | 16,787 | ||
152 | CoreSite Realty Corp. | 18,070 | ||
726 | Corporate Office Properties Trust | 17,221 | ||
617 | Cousins Properties, Inc. | 17,640 | ||
682 | CubeSmart | 22,035 | ||
253 | CyrusOne, Inc. | 17,718 | ||
600 | Douglas Emmett, Inc. | 15,060 | ||
155 | EastGroup Properties, Inc. | 20,046 | ||
556 | EPR Properties | 15,290 | ||
216 | Federal Realty Investment Trust | 15,863 | ||
479 | First Industrial Realty Trust, Inc. | 19,064 | ||
628 | Healthcare Realty Trust, Inc. | 18,915 | ||
694 | Healthcare Trust of America, Inc., Class A | 18,044 | ||
493 | Highwoods Properties, Inc. | 16,550 | ||
732 | Hudson Pacific Properties, Inc. | 16,053 | ||
705 | Iron Mountain, Inc. | 18,887 | ||
623 | JBG SMITH Properties | 16,659 | ||
314 | Kilroy Realty Corp. | 16,315 | ||
1,434 | Kimco Realty Corp. | 16,147 | ||
276 | Lamar Advertising Co., Class A | 18,263 | ||
1,745 | Lexington Realty Trust | 18,235 | ||
194 | Life Storage, Inc. | 20,422 | ||
2,052 | Macerich (The) Co. | 13,933 | ||
303 | National Health Investors, Inc. | 18,262 | ||
519 | National Retail Properties, Inc. | 17,911 | ||
619 | Omega Healthcare Investors, Inc. | 18,533 | ||
1,299 | Outfront Media, Inc. | 18,901 |
Shares | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS (Continued) | ||||
Equity Real Estate Investment Trusts (Continued) | ||||
2,388 | Paramount Group, Inc. | $16,907 | ||
1,861 | Park Hotels & Resorts, Inc. | 18,591 | ||
1,348 | Pebblebrook Hotel Trust | 16,890 | ||
1,051 | Physicians Realty Trust | 18,823 | ||
1,108 | Piedmont Office Realty Trust, Inc., Class A | 15,036 | ||
484 | PotlatchDeltic Corp. | 20,376 | ||
139 | PS Business Parks, Inc. | 17,012 | ||
287 | QTS Realty Trust, Inc., Class A | 18,087 | ||
743 | Rayonier, Inc. | 19,645 | ||
444 | Rexford Industrial Realty, Inc. | 20,317 | ||
532 | Ryman Hospitality Properties, Inc. | 19,578 | ||
1,276 | Sabra Health Care REIT, Inc. | 17,590 | ||
2,596 | Service Properties Trust | 20,638 | ||
373 | SL Green Realty Corp. | 17,296 | ||
528 | Spirit Realty Capital, Inc. | 17,820 | ||
628 | STAG Industrial, Inc. | 19,148 | ||
773 | STORE Capital Corp. | 21,203 | ||
2,259 | Sunstone Hotel Investors, Inc. | 17,937 | ||
350 | Terreno Realty Corp. | 19,166 | ||
972 | Weingarten Realty Investors | 16,485 | ||
971,477 | ||||
Mortgage Real Estate Investment Trusts – 1.0% | ||||
1,876 | Apollo Commercial Real Estate Finance, Inc. | 16,903 | ||
764 | Blackstone Mortgage Trust, Inc., Class A | 16,785 | ||
1,916 | Chimera Investment Corp. | 15,711 | ||
7,393 | MFA Financial, Inc. | 19,813 | ||
2,478 | New Residential Investment Corp. | 19,700 | ||
1,231 | Starwood Property Trust, Inc. | 18,576 | ||
3,652 | Two Harbors Investment Corp. | 18,589 | ||
126,077 | ||||
Total Real Estate Investment Trusts | 1,097,554 | |||
(Cost $1,347,810) | ||||
Total Investments – 99.8% | 12,705,727 | |||
(Cost $13,780,105) (a) | ||||
Net Other Assets and Liabilities – 0.2% | 19,647 | |||
Net Assets – 100.0% | $12,725,374 |
(a) | Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of September 30, 2020, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $1,264,625 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $2,339,003. The net unrealized depreciation was $1,074,378. |
Total Value at 9/30/2020 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 11,608,173 | $ 11,608,173 | $ — | $ — |
Real Estate Investment Trusts* | 1,097,554 | 1,097,554 | — | — |
Total Investments | $ 12,705,727 | $ 12,705,727 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 92.0% | ||||
Aerospace & Defense – 1.2% | ||||
808 | AAR Corp. | $15,190 | ||
348 | Cubic Corp. | 20,243 | ||
402 | Kaman Corp. | 15,666 | ||
930 | Maxar Technologies, Inc. | 23,194 | ||
1,854 | Triumph Group, Inc. | 12,070 | ||
86,363 | ||||
Air Freight & Logistics – 0.3% | ||||
335 | Forward Air Corp. | 19,222 | ||
Airlines – 0.5% | ||||
179 | Allegiant Travel Co. | 21,444 | ||
1,395 | Hawaiian Holdings, Inc. | 17,982 | ||
39,426 | ||||
Auto Components – 1.3% | ||||
847 | Cooper Tire & Rubber Co. | 26,850 | ||
1,919 | Dana, Inc. | 23,642 | ||
203 | LCI Industries | 21,577 | ||
568 | Standard Motor Products, Inc. | 25,361 | ||
97,430 | ||||
Automobiles – 0.2% | ||||
351 | Winnebago Industries, Inc. | 18,136 | ||
Banks – 6.7% | ||||
283 | 1st Source Corp. | 8,728 | ||
435 | Atlantic Union Bankshares Corp. | 9,296 | ||
248 | BancFirst Corp. | 10,128 | ||
265 | Banner Corp. | 8,549 | ||
914 | Berkshire Hills Bancorp, Inc. | 9,241 | ||
1,464 | Boston Private Financial Holdings, Inc. | 8,081 | ||
999 | Brookline Bancorp, Inc. | 8,636 | ||
1,137 | Cadence BanCorp | 9,767 | ||
155 | City Holding Co. | 8,930 | ||
625 | ConnectOne Bancorp, Inc. | 8,794 | ||
308 | Eagle Bancorp, Inc. | 8,251 | ||
324 | Enterprise Financial Services Corp. | 8,835 | ||
407 | FB Financial Corp. | 10,224 | ||
402 | First Bancorp | 8,414 | ||
1,802 | First BanCorp | 9,406 | ||
540 | First Busey Corp. | 8,581 | ||
1,217 | First Commonwealth Financial Corp. | 9,420 | ||
725 | First Financial Bancorp | 8,704 | ||
325 | First Interstate BancSystem, Inc., Class A | 10,351 | ||
365 | First Merchants Corp. | 8,453 | ||
755 | First Midwest Bancorp, Inc. | 8,139 | ||
957 | Fulton Financial Corp. | 8,929 | ||
324 | German American Bancorp, Inc. | 8,793 | ||
732 | Great Western Bancorp, Inc. | 9,113 | ||
301 | Heartland Financial USA, Inc. | 9,028 | ||
504 | Heritage Financial Corp. | 9,269 |
Shares | Description | Value | ||
Banks (Continued) | ||||
546 | Hilltop Holdings, Inc. | $11,237 | ||
1,093 | Hope Bancorp, Inc. | 8,290 | ||
150 | Independent Bank Corp. | 7,857 | ||
249 | Independent Bank Group, Inc. | 11,001 | ||
315 | International Bancshares Corp. | 8,209 | ||
216 | Lakeland Financial Corp. | 8,899 | ||
373 | National Bank Holdings Corp., Class A | 9,791 | ||
328 | NBT Bancorp, Inc. | 8,797 | ||
571 | OceanFirst Financial Corp. | 7,817 | ||
753 | OFG Bancorp | 9,382 | ||
465 | Pacific Premier Bancorp, Inc. | 9,365 | ||
143 | Park National Corp. | 11,720 | ||
235 | Preferred Bank | 7,548 | ||
405 | Renasant Corp. | 9,202 | ||
430 | S&T Bancorp, Inc. | 7,607 | ||
407 | Sandy Spring Bancorp, Inc. | 9,394 | ||
282 | ServisFirst Bancshares, Inc. | 9,596 | ||
589 | Simmons First National Corp., Class A | 9,339 | ||
211 | South State Corp. | 10,160 | ||
363 | Southside Bancshares, Inc. | 8,868 | ||
156 | Tompkins Financial Corp. | 8,862 | ||
535 | Towne Bank | 8,774 | ||
331 | TriCo Bancshares | 8,106 | ||
411 | Trustmark Corp. | 8,800 | ||
501 | United Community Banks, Inc. | 8,482 | ||
569 | Veritex Holdings, Inc. | 9,690 | ||
496 | WesBanco, Inc. | 10,595 | ||
175 | Westamerica BanCorp | 9,511 | ||
490,959 | ||||
Beverages – 0.3% | ||||
102 | Coca-Cola Consolidated, Inc. | 24,549 | ||
Building Products – 0.9% | ||||
308 | AAON, Inc. | 18,557 | ||
209 | CSW Industrials, Inc. | 16,145 | ||
902 | Griffon Corp. | 17,625 | ||
273 | Patrick Industries, Inc. | 15,703 | ||
68,030 | ||||
Capital Markets – 1.3% | ||||
310 | Artisan Partners Asset Management, Inc., Class A | 12,087 | ||
3,677 | BGC Partners, Inc., Class A | 8,825 | ||
150 | Hamilton Lane, Inc., Class A | 9,688 | ||
181 | Houlihan Lokey, Inc. | 10,688 | ||
323 | Moelis & Co., Class A | 11,350 | ||
170 | Piper Sandler Cos. | 12,410 | ||
196 | PJT Partners, Inc., Class A | 11,880 | ||
427 | Virtu Financial, Inc., Class A | 9,825 | ||
650 | Waddell & Reed Financial, Inc., Class A | 9,653 | ||
96,406 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Chemicals – 2.4% | ||||
550 | Avient Corp. | $14,553 | ||
389 | Cabot Corp. | 14,016 | ||
939 | Chemours (The) Co. | 19,634 | ||
323 | HB Fuller Co. | 14,787 | ||
187 | Innospec, Inc. | 11,841 | ||
307 | Minerals Technologies, Inc. | 15,688 | ||
1,255 | Olin Corp. | 15,537 | ||
1,361 | Orion Engineered Carbons S.A. | 17,026 | ||
276 | Sensient Technologies Corp. | 15,936 | ||
148 | Stepan Co. | 16,132 | ||
651 | Trinseo S.A. | 16,692 | ||
171,842 | ||||
Commercial Services & Supplies – 5.6% | ||||
460 | ABM Industries, Inc. | 16,864 | ||
1,742 | Covanta Holding Corp. | 13,500 | ||
710 | Deluxe Corp. | 18,268 | ||
6,769 | Healthcare Services Group, Inc. | 145,737 | ||
991 | Herman Miller, Inc. | 29,889 | ||
765 | HNI Corp. | 24,006 | ||
2,873 | Interface, Inc. | 17,583 | ||
1,423 | KAR Auction Services, Inc. | 20,491 | ||
1,919 | Knoll, Inc. | 23,143 | ||
1,025 | Matthews International Corp., Class A | 22,919 | ||
309 | McGrath RentCorp | 18,413 | ||
1,939 | Steelcase, Inc., Class A | 19,603 | ||
493 | U.S. Ecology, Inc. | 16,106 | ||
1,030 | Viad Corp. | 21,455 | ||
407,977 | ||||
Communications Equipment – 2.5% | ||||
1,775 | InterDigital, Inc. | 101,282 | ||
6,848 | Plantronics, Inc. | 81,080 | ||
182,362 | ||||
Construction & Engineering – 1.2% | ||||
500 | Arcosa, Inc. | 22,045 | ||
410 | Comfort Systems USA, Inc. | 21,119 | ||
1,383 | Fluor Corp. | 12,184 | ||
873 | Granite Construction, Inc. | 15,373 | ||
941 | Primoris Services Corp. | 16,976 | ||
87,697 | ||||
Consumer Finance – 0.2% | ||||
211 | Nelnet, Inc., Class A | 12,713 | ||
Containers & Packaging – 0.5% | ||||
486 | Greif, Inc., Class A | 17,598 | ||
1,861 | O-I Glass, Inc. | 19,708 | ||
37,306 |
Shares | Description | Value | ||
Distributors – 0.3% | ||||
785 | Core-Mark Holding Co., Inc. | $22,710 | ||
Diversified Consumer Services – 0.7% | ||||
57 | Graham Holdings Co., Class B | 23,034 | ||
4,105 | OneSpaWorld Holdings Ltd. | 26,683 | ||
49,717 | ||||
Diversified Telecommunication Services – 0.3% | ||||
469 | ATN International, Inc. | 23,516 | ||
Electric Utilities – 0.2% | ||||
431 | Otter Tail Corp. | 15,589 | ||
Electrical Equipment – 0.4% | ||||
487 | AZZ, Inc. | 16,616 | ||
342 | Encore Wire Corp. | 15,876 | ||
32,492 | ||||
Electronic Equipment, Instruments & Components – 1.6% | ||||
266 | Badger Meter, Inc. | 17,388 | ||
513 | Belden, Inc. | 15,965 | ||
773 | Benchmark Electronics, Inc. | 15,576 | ||
834 | CTS Corp. | 18,373 | ||
534 | Methode Electronics, Inc. | 15,219 | ||
950 | MTS Systems Corp. | 18,154 | ||
1,094 | Vishay Intertechnology, Inc. | 17,034 | ||
117,709 | ||||
Energy Equipment & Services – 1.0% | ||||
3,253 | Archrock, Inc. | 17,501 | ||
1,023 | Cactus, Inc., Class A | 19,631 | ||
1,039 | Core Laboratories N.V. | 15,855 | ||
6,084 | Patterson-UTI Energy, Inc. | 17,340 | ||
70,327 | ||||
Entertainment – 0.3% | ||||
451 | World Wrestling Entertainment, Inc., Class A | 18,252 | ||
Food & Staples Retailing – 0.6% | ||||
325 | PriceSmart, Inc. | 21,596 | ||
391 | Weis Markets, Inc. | 18,768 | ||
40,364 | ||||
Food Products – 1.3% | ||||
959 | B&G Foods, Inc. (a) | 26,631 | ||
372 | Calavo Growers, Inc. | 24,653 | ||
950 | Fresh Del Monte Produce, Inc. | 21,774 | ||
683 | Tootsie Roll Industries, Inc. | 21,105 | ||
94,163 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Gas Utilities – 0.5% | ||||
217 | Chesapeake Utilities Corp. | $18,293 | ||
326 | Northwest Natural Holding Co. | 14,797 | ||
33,090 | ||||
Health Care Equipment & Supplies – 2.5% | ||||
260 | Atrion Corp. | 162,760 | ||
77 | Mesa Laboratories, Inc. | 19,616 | ||
182,376 | ||||
Health Care Providers & Services – 10.4% | ||||
3,956 | Ensign Group (The), Inc. | 225,730 | ||
2,610 | National HealthCare Corp. | 162,629 | ||
287 | National Research Corp. | 14,123 | ||
7,526 | Patterson Cos., Inc. | 181,414 | ||
2,044 | US Physical Therapy, Inc. | 177,583 | ||
761,479 | ||||
Hotels, Restaurants & Leisure – 3.4% | ||||
1,837 | Bloomin’ Brands, Inc. | 28,051 | ||
816 | Brinker International, Inc. | 34,860 | ||
854 | Cheesecake Factory (The), Inc. | 23,690 | ||
1,469 | Dave & Buster’s Entertainment, Inc. | 22,270 | ||
465 | Dine Brands Global, Inc. | 25,384 | ||
264 | Jack in the Box, Inc. | 20,938 | ||
247 | Papa John’s International, Inc. | 20,323 | ||
1,795 | Red Rock Resorts, Inc., Class A | 30,694 | ||
879 | Twin River Worldwide Holdings, Inc. | 23,091 | ||
141 | Wingstop, Inc. | 19,268 | ||
248,569 | ||||
Household Durables – 0.8% | ||||
864 | La-Z-Boy, Inc. | 27,328 | ||
655 | MDC Holdings, Inc. | 30,851 | ||
58,179 | ||||
Household Products – 0.3% | ||||
118 | WD-40 Co. | 22,339 | ||
Independent Power & Renewable Electricity Producers – 0.2% | ||||
437 | Clearway Energy, Inc., Class C | 11,782 | ||
Industrial Conglomerates – 0.2% | ||||
777 | Raven Industries, Inc. | 16,721 | ||
Insurance – 2.2% | ||||
408 | American Equity Investment Life Holding Co. | 8,972 | ||
165 | AMERISAFE, Inc. | 9,464 |
Shares | Description | Value | ||
Insurance (Continued) | ||||
289 | Argo Group International Holdings Ltd. | $9,950 | ||
647 | CNO Financial Group, Inc. | 10,378 | ||
334 | Employers Holdings, Inc. | 10,104 | ||
281 | FBL Financial Group, Inc., Class A | 13,544 | ||
274 | Horace Mann Educators Corp. | 9,152 | ||
224 | James River Group Holdings Ltd. | 9,975 | ||
65 | Kinsale Capital Group, Inc. | 12,362 | ||
247 | Mercury General Corp. | 10,218 | ||
50 | National Western Life Group, Inc., Class A | 9,139 | ||
696 | ProAssurance Corp. | 10,885 | ||
132 | Safety Insurance Group, Inc. | 9,120 | ||
564 | State Auto Financial Corp. | 7,761 | ||
310 | Stewart Information Services Corp. | 13,556 | ||
364 | United Fire Group, Inc. | 7,396 | ||
161,976 | ||||
Internet & Direct Marketing Retail – 2.0% | ||||
2,875 | Shutterstock, Inc. | 149,615 | ||
IT Services – 4.5% | ||||
2,429 | CSG Systems International, Inc. | 99,468 | ||
595 | EVERTEC, Inc. | 20,652 | ||
244 | ManTech International Corp., Class A | 16,807 | ||
4,379 | NIC, Inc. | 86,266 | ||
5,641 | Switch, Inc., Class A | 88,056 | ||
359 | TTEC Holdings, Inc. | 19,583 | ||
330,832 | ||||
Leisure Products – 0.7% | ||||
672 | Acushnet Holdings Corp. | 22,586 | ||
1,336 | Callaway Golf Co. | 25,571 | ||
48,157 | ||||
Life Sciences Tools & Services – 1.8% | ||||
5,090 | Luminex Corp. | 133,612 | ||
Machinery – 5.2% | ||||
163 | Alamo Group, Inc. | 17,609 | ||
285 | Albany International Corp., Class A | 14,110 | ||
524 | Altra Industrial Motion Corp. | 19,372 | ||
361 | Astec Industries, Inc. | 19,584 | ||
476 | Douglas Dynamics, Inc. | 16,279 | ||
949 | Enerpac Tool Group Corp. | 17,851 | ||
339 | EnPro Industries, Inc. | 19,123 | ||
198 | ESCO Technologies, Inc. | 15,951 | ||
562 | Federal Signal Corp. | 16,439 | ||
318 | Franklin Electric Co., Inc. | 18,708 | ||
538 | Gorman-Rupp (The) Co. | 15,849 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Machinery (Continued) | ||||
449 | Helios Technologies, Inc. | $16,344 | ||
723 | Hillenbrand, Inc. | 20,504 | ||
168 | Kadant, Inc. | 18,416 | ||
582 | Kennametal, Inc. | 16,843 | ||
181 | Lindsay Corp. | 17,499 | ||
629 | Mueller Industries, Inc. | 17,021 | ||
1,772 | Mueller Water Products, Inc., Class A | 18,411 | ||
290 | Standex International Corp. | 17,168 | ||
257 | Tennant Co. | 15,513 | ||
890 | Terex Corp. | 17,230 | ||
785 | Trinity Industries, Inc. | 15,308 | ||
381,132 | ||||
Marine – 0.3% | ||||
574 | Matson, Inc. | 23,012 | ||
Media – 0.9% | ||||
502 | John Wiley & Sons, Inc., Class A | 15,918 | ||
1,346 | Meredith Corp. | 17,660 | ||
654 | Scholastic Corp. | 13,727 | ||
1,061 | Sinclair Broadcast Group, Inc., Class A | 20,403 | ||
67,708 | ||||
Metals & Mining – 2.1% | ||||
594 | Carpenter Technology Corp. | 10,787 | ||
2,612 | Cleveland-Cliffs, Inc. | 16,769 | ||
707 | Commercial Metals Co. | 14,126 | ||
296 | Compass Minerals International, Inc. | 17,567 | ||
4,409 | Hecla Mining Co. | 22,398 | ||
196 | Kaiser Aluminum Corp. | 10,504 | ||
234 | Materion Corp. | 12,175 | ||
1,997 | United States Steel Corp. | 14,658 | ||
937 | Warrior Met Coal, Inc. | 16,004 | ||
386 | Worthington Industries, Inc. | 15,741 | ||
150,729 | ||||
Multiline Retail – 0.7% | ||||
466 | Big Lots, Inc. | 20,783 | ||
759 | Dillard’s, Inc., Class A (a) | 27,719 | ||
48,502 | ||||
Multi-Utilities – 0.2% | ||||
406 | Unitil Corp. | 15,688 | ||
Oil, Gas & Consumable Fuels – 1.6% | ||||
4,139 | Antero Midstream Corp. | 22,226 | ||
1,213 | Delek US Holdings, Inc. | 13,501 | ||
1,774 | EQT Corp. | 22,938 | ||
2,540 | Equitrans Midstream Corp. | 21,488 | ||
12,717 | Kosmos Energy Ltd. | 12,407 | ||
5,630 | SM Energy Co. | 8,952 |
Shares | Description | Value | ||
Oil, Gas & Consumable Fuels (Continued) | ||||
649 | World Fuel Services Corp. | $13,752 | ||
115,264 | ||||
Paper & Forest Products – 0.8% | ||||
444 | Boise Cascade Co. | 17,725 | ||
683 | Domtar Corp. | 17,942 | ||
291 | Neenah, Inc. | 10,904 | ||
431 | Schweitzer-Mauduit International, Inc. | 13,098 | ||
59,669 | ||||
Personal Products – 1.1% | ||||
486 | Inter Parfums, Inc. | 18,152 | ||
169 | Medifast, Inc. | 27,792 | ||
612 | Nu Skin Enterprises, Inc., Class A | 30,655 | ||
76,599 | ||||
Professional Services – 0.4% | ||||
258 | ICF International, Inc. | 15,875 | ||
544 | Korn Ferry | 15,776 | ||
31,651 | ||||
Real Estate Management & Development – 0.3% | ||||
2,073 | Newmark Group, Inc., Class A | 8,955 | ||
1,360 | Realogy Holdings Corp. | 12,839 | ||
21,794 | ||||
Road & Rail – 1.1% | ||||
802 | Heartland Express, Inc. | 14,917 | ||
996 | Marten Transport Ltd. | 16,255 | ||
445 | Ryder System, Inc. | 18,797 | ||
677 | Schneider National, Inc., Class B | 16,742 | ||
384 | Werner Enterprises, Inc. | 16,124 | ||
82,835 | ||||
Semiconductors & Semiconductor Equipment – 1.4% | ||||
5,798 | Cohu, Inc. | 99,610 | ||
Software – 2.6% | ||||
4,496 | Ebix, Inc. | 92,617 | ||
2,594 | Progress Software Corp. | 95,148 | ||
187,765 | ||||
Specialty Retail – 4.1% | ||||
1,840 | Abercrombie & Fitch Co., Class A | 25,631 | ||
1,797 | American Eagle Outfitters, Inc. | 26,614 | ||
1,847 | Bed Bath & Beyond, Inc. | 27,668 | ||
1,249 | Buckle (The), Inc. | 25,467 | ||
523 | Children’s Place (The), Inc. | 14,827 | ||
2,893 | Designer Brands, Inc., Class A | 15,709 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Specialty Retail (Continued) | ||||
297 | Group 1 Automotive, Inc. | $26,252 | ||
2,025 | Guess?, Inc. | 23,530 | ||
356 | Monro, Inc. | 14,443 | ||
833 | ODP (The) Corp. | 16,202 | ||
704 | Rent-A-Center, Inc. | 21,043 | ||
1,907 | Signet Jewelers Ltd. | 35,661 | ||
614 | Sonic Automotive, Inc., Class A | 24,658 | ||
297,705 | ||||
Textiles, Apparel & Luxury Goods – 1.4% | ||||
1,313 | Kontoor Brands, Inc. | 31,775 | ||
1,745 | Levi Strauss & Co., Class A | 23,383 | ||
531 | Oxford Industries, Inc. | 21,431 | ||
982 | Wolverine World Wide, Inc. | 25,375 | ||
101,964 | ||||
Thrifts & Mortgage Finance – 1.6% | ||||
915 | Capitol Federal Financial, Inc. | 8,477 | ||
342 | Flagstar Bancorp, Inc. | 10,133 | ||
1,232 | Kearny Financial Corp. | 8,883 | ||
868 | Meridian Bancorp, Inc. | 8,984 | ||
554 | Meta Financial Group, Inc. | 10,648 | ||
985 | Northwest Bancshares, Inc. | 9,062 | ||
241 | PennyMac Financial Services, Inc. | 14,007 | ||
570 | Premier Financial Corp. | 8,878 | ||
697 | Provident Financial Services, Inc. | 8,503 | ||
198 | Walker & Dunlop, Inc. | 10,494 | ||
375 | Washington Federal, Inc. | 7,823 | ||
351 | WSFS Financial Corp. | 9,466 | ||
115,358 | ||||
Tobacco – 0.6% | ||||
550 | Universal Corp. | 23,034 | ||
2,325 | Vector Group Ltd. | 22,529 | ||
45,563 | ||||
Trading Companies & Distributors – 2.9% | ||||
268 | Applied Industrial Technologies, Inc. | 14,767 | ||
274 | GATX Corp. | 17,467 | ||
904 | H&E Equipment Services, Inc. | 17,773 | ||
403 | Rush Enterprises, Inc., Class A | 20,368 | ||
4,894 | Systemax, Inc. | 117,162 | ||
552 | Triton International Ltd. | 22,450 | ||
209,987 | ||||
Water Utilities – 0.7% | ||||
382 | California Water Service Group | 16,598 | ||
271 | Middlesex Water Co. | 16,843 | ||
293 | SJW Group | 17,832 | ||
51,273 |
Shares | Description | Value | ||
Wireless Telecommunication Services – 0.7% | ||||
577 | Shenandoah Telecommunications Co. | $25,639 | ||
1,430 | Telephone & Data Systems, Inc. | 26,369 | ||
52,008 | ||||
Total Common Stocks | 6,719,800 | |||
(Cost $7,014,771) | ||||
REAL ESTATE INVESTMENT TRUSTS – 7.8% | ||||
Equity Real Estate Investment Trusts – 6.0% | ||||
776 | Acadia Realty Trust | 8,148 | ||
826 | Alexander & Baldwin, Inc. | 9,259 | ||
42 | Alexander’s, Inc. | 10,299 | ||
362 | American Assets Trust, Inc. | 8,721 | ||
1,270 | American Finance Trust, Inc. | 7,963 | ||
1,012 | Armada Hoffler Properties, Inc. | 9,371 | ||
1,011 | Brookfield Property REIT, Inc., Class A | 12,375 | ||
587 | CareTrust REIT, Inc. | 10,446 | ||
4,198 | Colony Capital, Inc. | 11,460 | ||
767 | Columbia Property Trust, Inc. | 8,368 | ||
246 | Community Healthcare Trust, Inc. | 11,503 | ||
1,076 | CoreCivic, Inc. | 8,608 | ||
1,822 | DiamondRock Hospitality Co. | 9,238 | ||
2,277 | Diversified Healthcare Trust | 8,015 | ||
436 | Easterly Government Properties, Inc. | 9,771 | ||
1,439 | Empire State Realty Trust, Inc., Class A | 8,807 | ||
679 | Essential Properties Realty Trust, Inc. | 12,439 | ||
413 | Four Corners Property Trust, Inc. | 10,569 | ||
852 | GEO Group (The), Inc. | 9,662 | ||
339 | Getty Realty Corp. | 8,817 | ||
602 | Global Net Lease, Inc. | 9,572 | ||
877 | Independence Realty Trust, Inc. | 10,164 | ||
490 | Industrial Logistics Properties Trust | 10,716 | ||
114 | Innovative Industrial Properties, Inc. | 14,148 | ||
818 | iStar, Inc. | 9,661 | ||
873 | Kite Realty Group Trust | 10,109 | ||
267 | LTC Properties, Inc. | 9,308 | ||
659 | Mack-Cali Realty Corp. | 8,317 | ||
695 | Monmouth Real Estate Investment Corp. | 9,626 | ||
352 | National Storage Affiliates Trust | 11,514 | ||
285 | NexPoint Residential Trust, Inc. | 12,640 | ||
388 | Office Properties Income Trust | 8,039 | ||
889 | Retail Opportunity Investments Corp. | 9,259 | ||
1,376 | Retail Properties of America, Inc., Class A | 7,995 |
Shares | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS (Continued) | ||||
Equity Real Estate Investment Trusts (Continued) | ||||
1,067 | RLJ Lodging Trust | $9,240 | ||
1,447 | RPT Realty | 7,872 | ||
175 | Safehold, Inc. | 10,867 | ||
312 | Saul Centers, Inc. | 8,293 | ||
1,244 | SITE Centers Corp. | 8,957 | ||
1,699 | Summit Hotel Properties, Inc. | 8,801 | ||
1,413 | Tanger Factory Outlet Centers, Inc. | 8,520 | ||
1,077 | Uniti Group, Inc. | 11,346 | ||
127 | Universal Health Realty Income Trust | 7,238 | ||
849 | Urban Edge Properties | 8,252 | ||
454 | Washington Real Estate Investment Trust | 9,139 | ||
1,080 | Xenia Hotels & Resorts, Inc. | 9,482 | ||
442,914 | ||||
Mortgage Real Estate Investment Trusts – 1.8% | ||||
1,090 | Arbor Realty Trust, Inc. | 12,503 | ||
1,073 | ARMOUR Residential REIT, Inc. | 10,204 | ||
1,064 | Broadmark Realty Capital, Inc. | 10,491 | ||
1,435 | Colony Credit Real Estate, Inc. | 7,046 | ||
1,403 | Granite Point Mortgage Trust, Inc. | 9,947 | ||
354 | Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 14,964 | ||
2,694 | Invesco Mortgage Capital, Inc. | 7,301 | ||
608 | KKR Real Estate Finance Trust, Inc. | 10,050 | ||
1,244 | Ladder Capital Corp. | 8,857 | ||
3,860 | New York Mortgage Trust, Inc. | 9,843 | ||
575 | PennyMac Mortgage Investment Trust | 9,240 | ||
1,439 | Redwood Trust, Inc. | 10,821 | ||
1,171 | TPG RE Finance Trust, Inc. | 9,907 | ||
131,174 | ||||
Total Real Estate Investment Trusts | 574,088 | |||
(Cost $662,623) | ||||
MONEY MARKET FUNDS – 0.0% | ||||
1,603 | Goldman Sachs Financial Square Treasury Obligations Fund - Institutional Class - 0.01% (b) (c) | 1,603 | ||
(Cost $1,603) |
Principal Value | Description | Value | ||
REPURCHASE AGREEMENTS – 0.7% | ||||
$46,105 | JPMorgan Chase & Co., 0.05% (b) dated 9/30/20, due 10/1/20, with a maturity value of $46,105. Collateralized by U.S. Treasury Note, interest rate of 1.125%, due 2/28/25. The value of the collateral including accrued interest is $47,013. (c) | $46,105 | ||
(Cost $46,105) | ||||
Total Investments – 100.5% | 7,341,596 | |||
(Cost $7,725,102) (d) | ||||
Net Other Assets and Liabilities – (0.5)% | (34,875) | |||
Net Assets – 100.0% | $7,306,721 |
(a) | All or a portion of this security is on loan (see Note 2E - Securities Lending in the Notes to Financial Statements). The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $48,743 and the total value of the collateral held by the Fund is $47,708. |
(b) | Rate shown reflects yield as of September 30, 2020. |
(c) | This security serves as collateral for securities on loan. |
(d) | Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of September 30, 2020, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $742,586 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $1,126,092. The net unrealized depreciation was $383,506. |
Total Value at 9/30/2020 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 6,719,800 | $ 6,719,800 | $ — | $ — |
Real Estate Investment Trusts* | 574,088 | 574,088 | — | — |
Money Market Funds | 1,603 | 1,603 | — | — |
Repurchase Agreements | 46,105 | — | 46,105 | — |
Total Investments | $ 7,341,596 | $ 7,295,491 | $ 46,105 | $— |
* | See Portfolio of Investments for industry breakout. |
Securities Lending Agency Agreement | |
Total gross amount presented on the Statements of Assets and Liabilities (1) | $48,743 |
Non-cash Collateral (2) | (47,708) |
Net Amount | $1,035 |
(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) | The collateral requirements are determined at the beginning of each business day based on the market value of the loaned securities from the end of the prior day. On September 30, 2020, the last business day of the period, there was sufficient collateral based on the end of day market value from the prior business day; however, as a result of market movement from September 29 to September 30, 2020, the value of the related securities loaned was above the collateral value received. See Note 2E — Securities Lending in the Notes to Financial Statements. |
Repurchase Agreements | |
Total gross amount presented on the Statements of Assets and Liabilities (3) | $46,105 |
Non-cash Collateral (4) | (46,105) |
Net Amount | $— |
(3) | The amount is included in “Investments, at value” on the Statements of Assets and Liabilities. |
(4) | At September 30, 2020, the value of the collateral received from each seller exceeded the value of the repurchase agreements. |
Shares | Description | Value | ||
COMMON STOCKS – 92.3% | ||||
Aerospace & Defense – 1.9% | ||||
114 | Boeing (The) Co. | $18,840 | ||
116 | General Dynamics Corp. | 16,058 | ||
80 | Huntington Ingalls Industries, Inc. | 11,260 | ||
44 | Lockheed Martin Corp. | 16,864 | ||
290 | Raytheon Technologies Corp. | 16,686 | ||
79,708 | ||||
Air Freight & Logistics – 0.8% | ||||
198 | United Parcel Service, Inc., Class B | 32,993 | ||
Airlines – 1.4% | ||||
1,501 | American Airlines Group, Inc. | 18,447 | ||
1,311 | Delta Air Lines, Inc. | 40,091 | ||
58,538 | ||||
Automobiles – 1.1% | ||||
4,147 | Ford Motor Co. | 27,619 | ||
607 | General Motors Co. | 17,961 | ||
45,580 | ||||
Banks – 2.8% | ||||
231 | Bank of America Corp. | 5,565 | ||
141 | Citigroup, Inc. | 6,078 | ||
425 | Citizens Financial Group, Inc. | 10,744 | ||
496 | Fifth Third Bancorp | 10,575 | ||
1,328 | Huntington Bancshares, Inc. | 12,178 | ||
71 | JPMorgan Chase & Co. | 6,835 | ||
901 | KeyCorp | 10,749 | ||
72 | M&T Bank Corp. | 6,630 | ||
75 | PNC Financial Services Group (The), Inc. | 8,243 | ||
906 | Regions Financial Corp. | 10,446 | ||
231 | Truist Financial Corp. | 8,790 | ||
224 | US Bancorp | 8,030 | ||
562 | Wells Fargo & Co. | 13,213 | ||
118,076 | ||||
Beverages – 0.9% | ||||
276 | Coca-Cola (The) Co. | 13,626 | ||
493 | Molson Coors Beverage Co., Class B | 16,545 | ||
76 | PepsiCo, Inc. | 10,534 | ||
40,705 | ||||
Biotechnology – 4.0% | ||||
819 | AbbVie, Inc. | 71,736 | ||
192 | Amgen, Inc. | 48,799 | ||
777 | Gilead Sciences, Inc. | 49,099 | ||
169,634 | ||||
Building Products – 0.9% | ||||
553 | Johnson Controls International PLC | 22,590 |
Shares | Description | Value | ||
Building Products (Continued) | ||||
147 | Trane Technologies PLC | $17,824 | ||
40,414 | ||||
Capital Markets – 1.7% | ||||
32 | Ameriprise Financial, Inc. | 4,931 | ||
131 | Apollo Global Management, Inc. | 5,862 | ||
150 | Bank of New York Mellon (The) Corp. | 5,151 | ||
8 | BlackRock, Inc. | 4,508 | ||
111 | Blackstone Group (The), Inc., Class A | 5,794 | ||
111 | Charles Schwab (The) Corp. | 4,022 | ||
22 | CME Group, Inc. | 3,681 | ||
329 | Franklin Resources, Inc. | 6,695 | ||
23 | Goldman Sachs Group (The), Inc. | 4,622 | ||
108 | Morgan Stanley | 5,222 | ||
80 | Northern Trust Corp. | 6,238 | ||
55 | Raymond James Financial, Inc. | 4,002 | ||
93 | State Street Corp. | 5,518 | ||
39 | T Rowe Price Group, Inc. | 5,001 | ||
71,247 | ||||
Chemicals – 1.2% | ||||
13 | Air Products & Chemicals, Inc. | 3,872 | ||
51 | Celanese Corp. | 5,480 | ||
247 | Corteva, Inc. | 7,116 | ||
257 | Dow, Inc. | 12,092 | ||
65 | DuPont de Nemours, Inc. | 3,606 | ||
31 | International Flavors & Fragrances, Inc. | 3,796 | ||
148 | LyondellBasell Industries N.V., Class A | 10,433 | ||
28 | PPG Industries, Inc. | 3,418 | ||
49,813 | ||||
Commercial Services & Supplies – 0.6% | ||||
149 | Republic Services, Inc. | 13,909 | ||
117 | Waste Management, Inc. | 13,241 | ||
27,150 | ||||
Communications Equipment – 1.3% | ||||
1,471 | Cisco Systems, Inc. | 57,943 | ||
Consumer Finance – 0.7% | ||||
331 | Ally Financial, Inc. | 8,298 | ||
74 | Capital One Financial Corp. | 5,318 | ||
127 | Discover Financial Services | 7,338 | ||
324 | Synchrony Financial | 8,479 | ||
29,433 | ||||
Containers & Packaging – 1.3% | ||||
27 | Avery Dennison Corp. | 3,452 | ||
251 | International Paper Co. | 10,175 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Containers & Packaging (Continued) | ||||
1,231 | WestRock Co. | $42,765 | ||
56,392 | ||||
Distributors – 0.3% | ||||
140 | Genuine Parts Co. | 13,324 | ||
Diversified Financial Services – 0.1% | ||||
301 | Equitable Holdings, Inc. | 5,490 | ||
Diversified Telecommunication Services – 1.9% | ||||
876 | AT&T, Inc. | 24,975 | ||
3,862 | CenturyLink, Inc. | 38,968 | ||
313 | Verizon Communications, Inc. | 18,620 | ||
82,563 | ||||
Electric Utilities – 1.5% | ||||
76 | Alliant Energy Corp. | 3,925 | ||
52 | American Electric Power Co., Inc. | 4,250 | ||
70 | Duke Energy Corp. | 6,199 | ||
100 | Edison International | 5,084 | ||
50 | Entergy Corp. | 4,927 | ||
67 | Evergy, Inc. | 3,405 | ||
38 | Eversource Energy | 3,175 | ||
134 | Exelon Corp. | 4,792 | ||
121 | FirstEnergy Corp. | 3,474 | ||
11 | NextEra Energy, Inc. | 3,053 | ||
68 | Pinnacle West Capital Corp. | 5,069 | ||
294 | PPL Corp. | 8,000 | ||
110 | Southern (The) Co. | 5,964 | ||
51 | Xcel Energy, Inc. | 3,520 | ||
64,837 | ||||
Electrical Equipment – 1.0% | ||||
233 | Eaton Corp. PLC | 23,773 | ||
321 | Emerson Electric Co. | 21,048 | ||
44,821 | ||||
Electronic Equipment, Instruments & Components – 2.5% | ||||
2,842 | Corning, Inc. | 92,109 | ||
173 | TE Connectivity Ltd. | 16,909 | ||
109,018 | ||||
Energy Equipment & Services – 0.4% | ||||
322 | Baker Hughes Co. | 4,279 | ||
368 | Halliburton Co. | 4,434 | ||
510 | Schlumberger Ltd. | 7,936 | ||
16,649 |
Shares | Description | Value | ||
Food & Staples Retailing – 1.4% | ||||
480 | Sysco Corp. | $29,866 | ||
870 | Walgreens Boots Alliance, Inc. | 31,250 | ||
61,116 | ||||
Food Products – 2.6% | ||||
304 | Archer-Daniels-Midland Co. | 14,133 | ||
194 | Campbell Soup Co. | 9,384 | ||
234 | Conagra Brands, Inc. | 8,356 | ||
176 | General Mills, Inc. | 10,856 | ||
63 | Hershey (The) Co. | 9,030 | ||
107 | JM Smucker (The) Co. | 12,361 | ||
178 | Kellogg Co. | 11,497 | ||
536 | Kraft Heinz (The) Co. | 16,053 | ||
149 | Mondelez International, Inc., Class A | 8,560 | ||
156 | Tyson Foods, Inc., Class A | 9,279 | ||
109,509 | ||||
Gas Utilities – 0.1% | ||||
27 | Atmos Energy Corp. | 2,581 | ||
Health Care Equipment & Supplies – 1.4% | ||||
572 | Medtronic PLC | 59,442 | ||
Health Care Providers & Services – 1.9% | ||||
1,243 | Cardinal Health, Inc. | 58,359 | ||
405 | CVS Health Corp. | 23,652 | ||
82,011 | ||||
Hotels, Restaurants & Leisure – 8.3% | ||||
738 | Aramark | 19,520 | ||
4,754 | Carnival Corp. | 72,166 | ||
393 | Darden Restaurants, Inc. | 39,591 | ||
960 | Las Vegas Sands Corp. | 44,793 | ||
123 | McDonald’s Corp. | 26,997 | ||
1,249 | MGM Resorts International | 27,166 | ||
790 | Royal Caribbean Cruises Ltd. | 51,137 | ||
251 | Starbucks Corp. | 21,566 | ||
462 | Wynn Resorts Ltd. | 33,176 | ||
201 | Yum! Brands, Inc. | 18,351 | ||
354,463 | ||||
Household Durables – 0.2% | ||||
83 | Garmin Ltd. | 7,873 | ||
Household Products – 0.8% | ||||
30 | Clorox (The) Co. | 6,305 | ||
110 | Colgate-Palmolive Co. | 8,486 | ||
72 | Kimberly-Clark Corp. | 10,632 | ||
72 | Procter & Gamble (The) Co. | 10,007 | ||
35,430 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Independent Power & Renewable Electricity Producers – 0.2% | ||||
316 | AES (The) Corp. | $5,723 | ||
178 | Vistra Corp. | 3,357 | ||
9,080 | ||||
Industrial Conglomerates – 0.9% | ||||
148 | 3M Co. | 23,707 | ||
104 | Honeywell International, Inc. | 17,119 | ||
40,826 | ||||
Insurance – 2.1% | ||||
153 | Aflac, Inc. | 5,561 | ||
40 | Allstate (The) Corp. | 3,766 | ||
238 | American International Group, Inc. | 6,552 | ||
34 | Chubb Ltd. | 3,948 | ||
102 | Cincinnati Financial Corp. | 7,953 | ||
26 | Everest Re Group Ltd. | 5,136 | ||
250 | Fidelity National Financial, Inc. | 7,827 | ||
152 | Hartford Financial Services Group (The), Inc. | 5,603 | ||
206 | Lincoln National Corp. | 6,454 | ||
241 | MetLife, Inc. | 8,958 | ||
232 | Principal Financial Group, Inc. | 9,343 | ||
205 | Prudential Financial, Inc. | 13,021 | ||
46 | Travelers (The) Cos., Inc. | 4,977 | ||
89,099 | ||||
IT Services – 3.9% | ||||
98 | Automatic Data Processing, Inc. | 13,670 | ||
1,010 | International Business Machines Corp. | 122,887 | ||
268 | Paychex, Inc. | 21,378 | ||
329 | Western Union (The) Co. | 7,051 | ||
164,986 | ||||
Leisure Products – 0.3% | ||||
165 | Hasbro, Inc. | 13,649 | ||
Machinery – 2.8% | ||||
160 | Caterpillar, Inc. | 23,864 | ||
108 | Cummins, Inc. | 22,805 | ||
76 | Deere & Co. | 16,844 | ||
130 | Dover Corp. | 14,084 | ||
87 | Illinois Tool Works, Inc. | 16,809 | ||
65 | Parker-Hannifin Corp. | 13,152 | ||
88 | Stanley Black & Decker, Inc. | 14,274 | ||
121,832 | ||||
Media – 2.4% | ||||
613 | Comcast Corp., Class A | 28,357 | ||
745 | Omnicom Group, Inc. | 36,878 | ||
1,414 | ViacomCBS, Inc., Class B | 39,606 | ||
104,841 |
Shares | Description | Value | ||
Metals & Mining – 0.1% | ||||
143 | Nucor Corp. | $6,415 | ||
Multiline Retail – 0.6% | ||||
157 | Target Corp. | 24,715 | ||
Multi-Utilities – 1.1% | ||||
47 | Ameren Corp. | 3,717 | ||
345 | CenterPoint Energy, Inc. | 6,676 | ||
55 | CMS Energy Corp. | 3,378 | ||
69 | Consolidated Edison, Inc. | 5,368 | ||
67 | Dominion Energy, Inc. | 5,288 | ||
41 | DTE Energy Co. | 4,717 | ||
188 | NiSource, Inc. | 4,136 | ||
94 | Public Service Enterprise Group, Inc. | 5,161 | ||
43 | Sempra Energy | 5,089 | ||
38 | WEC Energy Group, Inc. | 3,682 | ||
47,212 | ||||
Oil, Gas & Consumable Fuels – 1.7% | ||||
451 | Apache Corp. | 4,271 | ||
66 | Chevron Corp. | 4,752 | ||
94 | ConocoPhillips | 3,087 | ||
68 | Diamondback Energy, Inc. | 2,048 | ||
51 | EOG Resources, Inc. | 1,833 | ||
185 | Exxon Mobil Corp. | 6,351 | ||
40 | Hess Corp. | 1,637 | ||
467 | Kinder Morgan, Inc. | 5,758 | ||
169 | Marathon Petroleum Corp. | 4,958 | ||
754 | Occidental Petroleum Corp. | 7,548 | ||
353 | ONEOK, Inc. | 9,171 | ||
74 | Phillips 66 | 3,836 | ||
22 | Pioneer Natural Resources Co. | 1,892 | ||
115 | Valero Energy Corp. | 4,982 | ||
457 | Williams (The) Cos., Inc. | 8,980 | ||
71,104 | ||||
Pharmaceuticals – 5.9% | ||||
873 | Bristol-Myers Squibb Co. | 52,633 | ||
343 | Johnson & Johnson | 51,066 | ||
699 | Merck & Co., Inc. | 57,982 | ||
2,430 | Pfizer, Inc. | 89,181 | ||
250,862 | ||||
Road & Rail – 0.8% | ||||
76 | Norfolk Southern Corp. | 16,263 | ||
84 | Union Pacific Corp. | 16,537 | ||
32,800 | ||||
Semiconductors & Semiconductor Equipment – 8.8% | ||||
283 | Broadcom, Inc. | 103,103 | ||
818 | Intel Corp. | 42,356 | ||
1,186 | Maxim Integrated Products, Inc. | 80,185 | ||
685 | QUALCOMM, Inc. | 80,611 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Semiconductors & Semiconductor Equipment (Continued) | ||||
489 | Texas Instruments, Inc. | $69,824 | ||
376,079 | ||||
Software – 1.3% | ||||
2,598 | NortonLifeLock, Inc. | 54,142 | ||
Specialty Retail – 1.1% | ||||
236 | Best Buy Co., Inc. | 26,265 | ||
78 | Home Depot (The), Inc. | 21,661 | ||
47,926 | ||||
Technology Hardware, Storage & Peripherals – 11.4% | ||||
11,329 | Hewlett Packard Enterprise Co. | 106,153 | ||
5,146 | HP, Inc. | 97,722 | ||
2,214 | NetApp, Inc. | 97,062 | ||
2,499 | Seagate Technology PLC | 123,126 | ||
1,747 | Western Digital Corp. | 63,853 | ||
487,916 | ||||
Textiles, Apparel & Luxury Goods – 0.3% | ||||
172 | VF Corp. | 12,083 | ||
Tobacco – 1.2% | ||||
743 | Altria Group, Inc. | 28,709 | ||
325 | Philip Morris International, Inc. | 24,372 | ||
53,081 | ||||
Trading Companies & Distributors – 0.3% | ||||
318 | Fastenal Co. | 14,339 | ||
Water Utilities – 0.1% | ||||
62 | Essential Utilities, Inc. | 2,496 | ||
Total Common Stocks | 3,952,236 | |||
(Cost $3,982,985) | ||||
REAL ESTATE INVESTMENT TRUSTS – 7.4% | ||||
Equity Real Estate Investment Trusts – 6.1% | ||||
28 | Alexandria Real Estate Equities, Inc. | 4,480 | ||
47 | AvalonBay Communities, Inc. | 7,019 | ||
86 | Boston Properties, Inc. | 6,906 | ||
71 | Camden Property Trust | 6,318 | ||
30 | Crown Castle International Corp. | 4,995 | ||
39 | Digital Realty Trust, Inc. | 5,724 | ||
133 | Duke Realty Corp. | 4,908 | ||
60 | Equity LifeStyle Properties, Inc. | 3,678 | ||
122 | Equity Residential | 6,262 | ||
28 | Essex Property Trust, Inc. | 5,622 | ||
76 | Extra Space Storage, Inc. | 8,131 |
Shares | Description | Value | ||
Equity Real Estate Investment Trusts (Continued) | ||||
409 | Gaming and Leisure Properties, Inc. | $15,104 | ||
352 | Healthpeak Properties, Inc. | 9,557 | ||
931 | Host Hotels & Resorts, Inc. | 10,045 | ||
133 | Invitation Homes, Inc. | 3,723 | ||
542 | Medical Properties Trust, Inc. | 9,555 | ||
54 | Mid-America Apartment Communities, Inc. | 6,261 | ||
46 | Prologis, Inc. | 4,629 | ||
39 | Public Storage | 8,686 | ||
141 | Realty Income Corp. | 8,566 | ||
202 | Regency Centers Corp. | 7,680 | ||
243 | Simon Property Group, Inc. | 15,717 | ||
30 | Sun Communities, Inc. | 4,218 | ||
179 | UDR, Inc. | 5,837 | ||
381 | Ventas, Inc. | 15,987 | ||
2,139 | VEREIT, Inc. | 13,904 | ||
527 | VICI Properties, Inc. | 12,316 | ||
327 | Vornado Realty Trust | 11,023 | ||
217 | Welltower, Inc. | 11,955 | ||
365 | Weyerhaeuser Co. | 10,410 | ||
164 | WP Carey, Inc. | 10,686 | ||
259,902 | ||||
Mortgage Real Estate Investment Trusts – 1.3% | ||||
1,954 | AGNC Investment Corp. | 27,180 | ||
4,072 | Annaly Capital Management, Inc. | 28,993 | ||
56,173 | ||||
Total Real Estate Investment Trusts | 316,075 | |||
(Cost $340,263) | ||||
Total Investments – 99.7% | 4,268,311 | |||
(Cost $4,323,248) (a) | ||||
Net Other Assets and Liabilities – 0.3% | 12,706 | |||
Net Assets – 100.0% | $4,281,017 |
(a) | Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of September 30, 2020, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $320,828 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $375,765. The net unrealized depreciation was $54,937. |
Total Value at 9/30/2020 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 3,952,236 | $ 3,952,236 | $ — | $ — |
Real Estate Investment Trusts* | 316,075 | 316,075 | — | — |
Total Investments | $ 4,268,311 | $ 4,268,311 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
Developed International Equity Select ETF (RNDM) | Emerging Markets Equity Select ETF (RNEM) | Large Cap US Equity Select ETF (RNLC) | |||
ASSETS: | |||||
Investments, at value | $ 23,656,351 | $ 6,139,157 | $ 19,119,380 | ||
Cash | 5,684 | — | 894 | ||
Foreign currency | 7,990 | 7,073 | — | ||
Receivables: | |||||
Dividends | 78,377 | 9,714 | 26,203 | ||
Dividend reclaims | 47,209 | 603 | 1,936 | ||
Securities lending income | — | — | — | ||
Investment securities sold | 590 | 2,026,141 | — | ||
Other assets | — | 19,160 | — | ||
Total Assets | 23,796,201 | 8,201,848 | 19,148,413 | ||
LIABILITIES: | |||||
Due to custodian | — | 2,033,793 | — | ||
Payables: | |||||
Collateral for securities on loan | — | — | — | ||
Investment advisory fees | 13,508 | 5,230 | 9,483 | ||
Investment securities purchased | — | — | 340 | ||
Deferred foreign capital gains tax | — | 7,980 | — | ||
Total Liabilities | 13,508 | 2,047,003 | 9,823 | ||
NET ASSETS | $23,782,693 | $6,154,845 | $19,138,590 | ||
NET ASSETS consist of: | |||||
Paid-in capital | $ 25,935,725 | $ 8,443,310 | $ 19,008,281 | ||
Par value | 5,000 | 1,500 | 8,000 | ||
Accumulated distributable earnings (loss) | (2,158,032) | (2,289,965) | 122,309 | ||
NET ASSETS | $23,782,693 | $6,154,845 | $19,138,590 | ||
NET ASSET VALUE, per share | $47.57 | $41.03 | $23.92 | ||
Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per share) | 500,002 | 150,002 | 800,002 | ||
Investments, at cost | $22,210,578 | $6,960,582 | $17,565,590 | ||
Foreign currency, at cost (proceeds) | $7,971 | $7,065 | $— | ||
Securities on loan, at value | $— | $— | $— |
Mid Cap US Equity Select ETF (RNMC) | Small Cap US Equity Select ETF (RNSC) | US Equity Dividend Select ETF (RNDV) | ||
$ 12,705,727 | $ 7,341,596 | $ 4,268,311 | ||
6,354 | 8,136 | 2,120 | ||
— | — | — | ||
19,555 | 8,158 | 11,456 | ||
155 | — | 1,103 | ||
— | 253 | — | ||
— | 15,700 | — | ||
— | — | — | ||
12,731,791 | 7,373,843 | 4,282,990 | ||
— | — | — | ||
— | 47,708 | — | ||
6,417 | 3,677 | 1,784 | ||
— | 15,737 | 189 | ||
— | — | — | ||
6,417 | 67,122 | 1,973 | ||
$ 12,725,374 | $ 7,306,721 | $ 4,281,017 | ||
$ 15,288,346 | $ 8,806,328 | $ 5,218,697 | ||
6,500 | 4,000 | 2,000 | ||
(2,569,472) | (1,503,607) | (939,680) | ||
$ 12,725,374 | $ 7,306,721 | $ 4,281,017 | ||
$19.58 | $18.27 | $21.40 | ||
650,002 | 400,002 | 200,002 | ||
$13,780,105 | $7,725,102 | $4,323,248 | ||
$— | $— | $— | ||
$— | $48,743 | $— |
Developed International Equity Select ETF (RNDM) | Emerging Markets Equity Select ETF (RNEM) | Large Cap US Equity Select ETF (RNLC) | ||||
INVESTMENT INCOME: | ||||||
Dividends | $ 403,385 | $ 284,127 | $ 209,170 | |||
Interest | 4 | 2 | 2 | |||
Securities lending income (net of fees) | — | — | — | |||
Foreign withholding tax | (33,466) | (37,700) | (223) | |||
Other | 171 | 1 | 78 | |||
Total investment income | 370,094 | 246,430 | 209,027 | |||
EXPENSES: | ||||||
Investment advisory fees | 82,758 | 31,353 | 54,178 | |||
Total expenses | 82,758 | 31,353 | 54,178 | |||
NET INVESTMENT INCOME (LOSS) | 287,336 | 215,077 | 154,849 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS): | ||||||
Net realized gain (loss) on: | ||||||
Investments | (3,010,989) | (916,683) | (454,463) | |||
In-kind redemptions | 569,450 | (116,025) | — | |||
Foreign currency transactions | (5,652) | (9,968) | — | |||
Net realized gain (loss) | (2,447,191) | (1,042,676) | (454,463) | |||
Net change in unrealized appreciation (depreciation) on: | ||||||
Investments | 6,870,543 | 1,666,251 | 4,519,828 | |||
Foreign currency translation | 3,396 | 1,332 | — | |||
Deferred foreign capital gains tax | — | (4,102) | — | |||
Net change in unrealized appreciation (depreciation) | 6,873,939 | 1,663,481 | 4,519,828 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS) | 4,426,748 | 620,805 | 4,065,365 | |||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ 4,714,084 | $ 835,882 | $ 4,220,214 |
Mid Cap US Equity Select ETF (RNMC) | Small Cap US Equity Select ETF (RNSC) | US Equity Dividend Select ETF (RNDV) | |||
$139,016 | $86,050 | $75,412 | |||
1 | 1 | 1 | |||
— | 291 | — | |||
(41) | (105) | (63) | |||
5 | 53 | 14 | |||
138,981 | 86,290 | 75,364 | |||
39,385 | 21,213 | 10,993 | |||
39,385 | 21,213 | 10,993 | |||
99,596 | 65,077 | 64,371 | |||
(1,086,975) | (526,601) | (695,346) | |||
190,129 | — | 228,857 | |||
— | — | — | |||
(896,846) | (526,601) | (466,489) | |||
3,537,058 | 1,884,077 | 1,408,666 | |||
— | — | — | |||
— | — | — | |||
3,537,058 | 1,884,077 | 1,408,666 | |||
2,640,212 | 1,357,476 | 942,177 | |||
$2,739,808 | $1,422,553 | $1,006,548 |
Developed International Equity Select ETF (RNDM) | Emerging Markets Equity Select ETF (RNEM) | Large Cap US Equity Select ETF (RNLC) | |||||||||
Six Months Ended 9/30/2020 (Unaudited) | Year Ended 3/31/2020 | Six Months Ended 9/30/2020 (Unaudited) | Year Ended 3/31/2020 | Six Months Ended 9/30/2020 (Unaudited) | Year Ended 3/31/2020 | ||||||
OPERATIONS: | |||||||||||
Net investment income (loss) | $ 287,336 | $ 614,272 | $ 215,077 | $ 309,934 | $ 154,849 | $ 380,269 | |||||
Net realized gain (loss) | (2,447,191) | (195,142) | (1,042,676) | (118,203) | (454,463) | 470,344 | |||||
Net change in unrealized appreciation (depreciation) | 6,873,939 | (5,194,846) | 1,663,481 | (2,639,603) | 4,519,828 | (2,954,371) | |||||
Net increase (decrease) in net assets resulting from operations | 4,714,084 | (4,775,716) | 835,882 | (2,447,872) | 4,220,214 | (2,103,758) | |||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||||||
Investment operations | (107,651) | (927,263) | (209,582) | (283,043) | (162,560) | (379,301) | |||||
SHAREHOLDER TRANSACTIONS: | |||||||||||
Proceeds from shares sold | — | 7,423,621 | — | — | — | 4,664,459 | |||||
Cost of shares redeemed | (4,752,954) | (2,518,760) | (2,031,995) | (2,432,034) | — | (5,900,108) | |||||
Net increase (decrease) in net assets resulting from shareholder transactions | (4,752,954) | 4,904,861 | (2,031,995) | (2,432,034) | — | (1,235,649) | |||||
Total increase (decrease) in net assets | (146,521) | (798,118) | (1,405,695) | (5,162,949) | 4,057,654 | (3,718,708) | |||||
NET ASSETS: | |||||||||||
Beginning of period | 23,929,214 | 24,727,332 | 7,560,540 | 12,723,489 | 15,080,936 | 18,799,644 | |||||
End of period | $23,782,693 | $23,929,214 | $6,154,845 | $7,560,540 | $19,138,590 | $15,080,936 | |||||
CHANGES IN SHARES OUTSTANDING: | |||||||||||
Shares outstanding, beginning of period | 600,002 | 500,002 | 200,002 | 250,002 | 800,002 | 850,002 | |||||
Shares sold | — | 150,000 | — | — | — | 200,000 | |||||
Shares redeemed | (100,000) | (50,000) | (50,000) | (50,000) | — | (250,000) | |||||
Shares outstanding, end of period | 500,002 | 600,002 | 150,002 | 200,002 | 800,002 | 800,002 |
Mid Cap US Equity Select ETF (RNMC) | Small Cap US Equity Select ETF (RNSC) | US Equity Dividend Select ETF (RNDV) | ||||||||
Six Months Ended 9/30/2020 (Unaudited) | Year Ended 3/31/2020 | Six Months Ended 9/30/2020 (Unaudited) | Year Ended 3/31/2020 | Six Months Ended 9/30/2020 (Unaudited) | Year Ended 3/31/2020 | |||||
$ 99,596 | $ 238,414 | $ 65,077 | $ 131,270 | $ 64,371 | $ 170,409 | |||||
(896,846) | 262,595 | (526,601) | (100,240) | (466,489) | 421,479 | |||||
3,537,058 | (4,362,572) | 1,884,077 | (2,038,025) | 1,408,666 | (1,404,189) | |||||
2,739,808 | (3,861,563) | 1,422,553 | (2,006,995) | 1,006,548 | (812,301) | |||||
(93,810) | (241,031) | (62,160) | (117,951) | (69,861) | (166,681) | |||||
— | 7,868,227 | — | 3,982,062 | 1,056,622 | 3,527,883 | |||||
(1,016,479) | (6,522,599) | — | (1,121,211) | (2,086,824) | (3,607,897) | |||||
(1,016,479) | 1,345,628 | — | 2,860,851 | (1,030,202) | (80,014) | |||||
1,629,519 | (2,756,966) | 1,360,393 | 735,905 | (93,515) | (1,058,996) | |||||
11,095,855 | 13,852,821 | 5,946,328 | 5,210,423 | 4,374,532 | 5,433,528 | |||||
$12,725,374 | $11,095,855 | $7,306,721 | $5,946,328 | $4,281,017 | $4,374,532 | |||||
700,002 | 650,002 | 400,002 | 250,002 | 250,002 | 250,002 | |||||
— | 350,000 | — | 200,000 | 50,000 | 150,000 | |||||
(50,000) | (300,000) | — | (50,000) | (100,000) | (150,000) | |||||
650,002 | 700,002 | 400,002 | 400,002 | 200,002 | 250,002 |
Six Months Ended 9/30/2020 (Unaudited) | Year Ended | Period Ended 3/31/2018 (a) | |||||
3/31/2020 | 3/31/2019 | ||||||
Net asset value, beginning of period | $ 39.88 | $ 49.45 | $ 51.38 | $ 49.73 | |||
Income from investment operations: | |||||||
Net investment income (loss) | 0.53 | 1.11 | 1.07 | 0.62 | |||
Net realized and unrealized gain (loss) | 7.38 | (9.02) | (1.90) | 1.48 | |||
Total from investment operations | 7.91 | (7.91) | (0.83) | 2.10 | |||
Distributions paid to shareholders from: | |||||||
Net investment income | (0.22) | (1.66) | (1.10) | (0.45) | |||
Net asset value, end of period | $47.57 | $39.88 | $49.45 | $51.38 | |||
Total return (b) | 19.79% | (16.64)% | (1.71)% | 4.23% | |||
Ratios to average net assets/supplemental data: | |||||||
Net assets, end of period (in 000’s) | $ 23,783 | $ 23,929 | $ 24,727 | $ 12,846 | |||
Ratio of total expenses to average net assets | 0.65% (c) | 0.65% | 0.65% | 0.66% (c) (d) | |||
Ratio of net investment income (loss) to average net assets | 2.26% (c) | 2.24% | 2.32% | 1.74% (c) | |||
Portfolio turnover rate (e) | 49% | 62% | 52% | 21% |
(a) | Inception date is June 20, 2017, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Includes excise tax. If this excise tax was not included, the expense ratio would have been 0.65%. |
(e) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Six Months Ended 9/30/2020 (Unaudited) | Year Ended | Period Ended 3/31/2018 (a) | |||||
3/31/2020 | 3/31/2019 | ||||||
Net asset value, beginning of period | $ 37.80 | $ 50.89 | $ 54.94 | $ 49.71 | |||
Income from investment operations: | |||||||
Net investment income (loss) | 1.09 | 1.50 | 1.10 | 0.70 | |||
Net realized and unrealized gain (loss) | 3.19 | (13.22) | (3.62) | 5.78 | |||
Total from investment operations | 4.28 | (11.72) | (2.52) | 6.48 | |||
Distributions paid to shareholders from: | |||||||
Net investment income | (1.05) | (1.37) | (1.19) | (0.67) | |||
Net realized gain | — | — | (0.34) | (0.58) | |||
Total distributions | (1.05) | (1.37) | (1.53) | (1.25) | |||
Net asset value, end of period | $41.03 | $37.80 | $50.89 | $54.94 | |||
Total return (b) | 11.46% | (23.66)% | (4.48)% | 13.15% | |||
Ratios to average net assets/supplemental data: | |||||||
Net assets, end of period (in 000’s) | $ 6,155 | $ 7,561 | $ 12,723 | $ 5,494 | |||
Ratio of total expenses to average net assets | 0.75% (c) | 0.75% | 0.75% | 0.75% (c) | |||
Ratio of net investment income (loss) to average net assets | 5.15% (c) | 2.83% | 2.04% | 1.75% (c) | |||
Portfolio turnover rate (d) | 39% | 82% | 69% | 111% |
(a) | Inception date is June 20, 2017, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Six Months Ended 9/30/2020 (Unaudited) | Year Ended | Period Ended 3/31/2018 (a) | |||||
3/31/2020 | 3/31/2019 | ||||||
Net asset value, beginning of period | $ 18.85 | $ 22.12 | $ 21.54 | $ 19.83 | |||
Income from investment operations: | |||||||
Net investment income (loss) | 0.19 | 0.46 | 0.38 | 0.21 | |||
Net realized and unrealized gain (loss) | 5.08 | (3.27) | 0.56 | 1.68 | |||
Total from investment operations | 5.27 | (2.81) | 0.94 | 1.89 | |||
Distributions paid to shareholders from: | |||||||
Net investment income | (0.20) | (0.46) | (0.36) | (0.18) | |||
Net asset value, end of period | $23.92 | $18.85 | $22.12 | $21.54 | |||
Total return (b) | 28.01% | (12.98)% | 4.45% | 9.54% | |||
Ratios to average net assets/supplemental data: | |||||||
Net assets, end of period (in 000’s) | $ 19,139 | $ 15,081 | $ 18,800 | $ 21,536 | |||
Ratio of total expenses to average net assets | 0.60% (c) | 0.60% | 0.60% | 0.60% (c) | |||
Ratio of net investment income (loss) to average net assets | 1.71% (c) | 2.03% | 1.72% | 1.71% (c) | |||
Portfolio turnover rate (d) | 16% | 24% | 28% | 11% |
(a) | Inception date is June 20, 2017, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Six Months Ended 9/30/2020 (Unaudited) | Year Ended | Period Ended 3/31/2018 (a) | |||||
3/31/2020 | 3/31/2019 | ||||||
Net asset value, beginning of period | $ 15.85 | $ 21.31 | $ 21.18 | $ 19.78 | |||
Income from investment operations: | |||||||
Net investment income (loss) | 0.15 | 0.39 | 0.32 | 0.23 | |||
Net realized and unrealized gain (loss) | 3.72 | (5.45) | 0.12 | 1.36 | |||
Total from investment operations | 3.87 | (5.06) | 0.44 | 1.59 | |||
Distributions paid to shareholders from: | |||||||
Net investment income | (0.14) | (0.40) | (0.31) | (0.19) | |||
Net asset value, end of period | $19.58 | $15.85 | $21.31 | $21.18 | |||
Total return (b) | 24.42% | (24.23)% | 2.16% | 8.03% | |||
Ratios to average net assets/supplemental data: | |||||||
Net assets, end of period (in 000’s) | $ 12,725 | $ 11,096 | $ 13,853 | $ 6,355 | |||
Ratio of total expenses to average net assets | 0.60% (c) | 0.60% | 0.60% | 0.60% (c) | |||
Ratio of net investment income (loss) to average net assets | 1.52% (c) | 1.76% | 1.70% | 1.71% (c) | |||
Portfolio turnover rate (d) | 26% | 43% | 42% | 40% |
(a) | Inception date is June 20, 2017, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Six Months Ended 9/30/2020 (Unaudited) | Year Ended | Period Ended 3/31/2018 (a) | |||||
3/31/2020 | 3/31/2019 | ||||||
Net asset value, beginning of period | $ 14.87 | $ 20.84 | $ 20.88 | $ 19.73 | |||
Income from investment operations: | |||||||
Net investment income (loss) | 0.17 | 0.36 | 0.46 | 0.34 | |||
Net realized and unrealized gain (loss) | 3.39 | (5.98) | (0.09) | 1.10 | |||
Total from investment operations | 3.56 | (5.62) | 0.37 | 1.44 | |||
Distributions paid to shareholders from: | |||||||
Net investment income | (0.16) | (0.35) | (0.41) | (0.29) | |||
Net asset value, end of period | $18.27 | $14.87 | $20.84 | $20.88 | |||
Total return (b) | 24.01% | (27.51)% | 1.78% | 7.26% | |||
Ratios to average net assets/supplemental data: | |||||||
Net assets, end of period (in 000’s) | $ 7,307 | $ 5,946 | $ 5,210 | $ 4,175 | |||
Ratio of total expenses to average net assets | 0.60% (c) | 0.60% | 0.60% | 0.60% (c) | |||
Ratio of net investment income (loss) to average net assets | 1.84% (c) | 1.97% | 2.25% | 2.22% (c) | |||
Portfolio turnover rate (d) | 32% | 52% | 52% | 49% |
(a) | Inception date is June 20, 2017, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Six Months Ended 9/30/2020 (Unaudited) | Year Ended | Period Ended 3/31/2018 (a) | |||||
3/31/2020 | 3/31/2019 | ||||||
Net asset value, beginning of period | $ 17.50 | $ 21.73 | $ 21.09 | $ 19.85 | |||
Income from investment operations: | |||||||
Net investment income (loss) | 0.34 | 0.73 | 0.78 | 0.41 | |||
Net realized and unrealized gain (loss) | 3.91 | (4.24) | 0.58 | 1.18 | |||
Total from investment operations | 4.25 | (3.51) | 1.36 | 1.59 | |||
Distributions paid to shareholders from: | |||||||
Net investment income | (0.35) | (0.72) | (0.72) | (0.35) | |||
Net asset value, end of period | $21.40 | $17.50 | $21.73 | $21.09 | |||
Total return (b) | 24.34% | (16.81)% | 6.64% | 8.00% | |||
Ratios to average net assets/supplemental data: | |||||||
Net assets, end of period (in 000’s) | $ 4,281 | $ 4,375 | $ 5,434 | $ 12,654 | |||
Ratio of total expenses to average net assets | 0.50% (c) | 0.50% | 0.50% | 0.50% (c) (d) | |||
Ratio of net investment income (loss) to average net assets | 2.93% (c) | 3.23% | 2.98% | 3.32% (c) | |||
Portfolio turnover rate (e) | 64% | 78% | 98% | 37% |
(a) | Inception date is June 20, 2017, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Includes excise tax. |
(e) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Fund | Index |
Developed International Equity Select ETF Emerging Markets Equity Select ETF Large Cap US Equity Select ETF Mid Cap US Equity Select ETF Small Cap US Equity Select ETF US Equity Dividend Select ETF | Nasdaq Riskalyze Developed Markets Index Nasdaq Riskalyze Emerging Markets Index Nasdaq Riskalyze US Large Cap Index Nasdaq Riskalyze US Mid Cap Index Nasdaq Riskalyze US Small Cap Index Nasdaq Riskalyze US Large Cap Select Dividend Index |
1) | the type of security; |
2) | the size of the holding; |
3) | the initial cost of the security; |
4) | transactions in comparable securities; |
5) | price quotes from dealers and/or third-party pricing services; |
6) | relationships among various securities; |
7) | information obtained by contacting the issuer, analysts, or the appropriate stock exchange; |
8) | an analysis of the issuer’s financial statements; and |
9) | the existence of merger proposals or tender offers that might affect the value of the security. |
1) | the value of similar foreign securities traded on other foreign markets; |
2) | ADR trading of similar securities; |
3) | closed-end fund or exchange-traded fund trading of similar securities; |
4) | foreign currency exchange activity; |
5) | the trading prices of financial products that are tied to baskets of foreign securities; |
6) | factors relating to the event that precipitated the pricing problem; |
7) | whether the event is likely to recur; and |
8) | whether the effects of the event are isolated or whether they affect entire markets, countries or regions. |
• | Level 1 – Level 1 inputs are quoted prices in active markets for identical investments. An active market is a market in which transactions for the investment occur with sufficient frequency and volume to provide pricing information on an ongoing basis. |
• | Level 2 – Level 2 inputs are observable inputs, either directly or indirectly, and include the following: |
o | Quoted prices for similar investments in active markets. |
o | Quoted prices for identical or similar investments in markets that are non-active. A non-active market is a market where there are few transactions for the investment, the prices are not current, or price quotations vary substantially either over time or among market makers, or in which little information is released publicly. |
o | Inputs other than quoted prices that are observable for the investment (for example, interest rates and yield curves observable at commonly quoted intervals, volatilities, prepayment speeds, loss severities, credit risks, and default rates). |
o | Inputs that are derived principally from or corroborated by observable market data by correlation or other means. |
• | Level 3 – Level 3 inputs are unobservable inputs. Unobservable inputs may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment. |
Distributions paid from Ordinary Income | Distributions paid from Capital Gains | Distributions paid from Return of Capital | |||
Developed International Equity Select ETF | $ 927,263 | $ — | $ — | ||
Emerging Markets Equity Select ETF | 283,043 | — | — | ||
Large Cap US Equity Select ETF | 379,301 | — | — | ||
Mid Cap US Equity Select ETF | 241,031 | — | — | ||
Small Cap US Equity Select ETF | 117,951 | — | — | ||
US Equity Dividend Select ETF | 166,681 | — | — |
Undistributed Ordinary Income | Accumulated Capital and Other Gain (Loss) | Net Unrealized Appreciation (Depreciation) | |||
Developed International Equity Select ETF | $ — | $ (1,210,426) | $ (5,554,039) | ||
Emerging Markets Equity Select ETF | 2,600 | (397,026) | (2,521,839) | ||
Large Cap US Equity Select ETF | 23,750 | (816,442) | (3,142,653) | ||
Mid Cap US Equity Select ETF | 11,233 | (456,238) | (4,770,465) | ||
Small Cap US Equity Select ETF | 8,751 | (440,835) | (2,431,916) | ||
US Equity Dividend Select ETF | 14,380 | (345,495) | (1,545,252) |
Non-Expiring Capital Loss Carryforward | |
Developed International Equity Select ETF | $ 1,094,967 |
Emerging Markets Equity Select ETF | 397,026 |
Large Cap US Equity Select ETF | 816,442 |
Mid Cap US Equity Select ETF | 456,238 |
Small Cap US Equity Select ETF | 440,835 |
US Equity Dividend Select ETF | 345,495 |
Ordinary Losses | |
Developed International Equity Select ETF | $ 115,459 |
Emerging Markets Equity Select ETF | — |
Large Cap US Equity Select ETF | — |
Mid Cap US Equity Select ETF | — |
Small Cap US Equity Select ETF | — |
US Equity Dividend Select ETF | — |
Rate | |
Developed International Equity Select ETF | 0.65% |
Emerging Markets Equity Select ETF | 0.75% |
Large Cap US Equity Select ETF | 0.60% |
Mid Cap US Equity Select ETF | 0.60% |
Small Cap US Equity Select ETF | 0.60% |
US Equity Dividend Select ETF | 0.50% |
Purchases | Sales | ||
Developed International Equity Select ETF | $ 12,281,015 | $ 12,319,507 | |
Emerging Markets Equity Select ETF | 3,038,418 | 4,053,458 | |
Large Cap US Equity Select ETF | 2,843,527 | 2,849,365 | |
Mid Cap US Equity Select ETF | 3,407,102 | 3,380,641 | |
Small Cap US Equity Select ETF | 2,272,659 | 2,275,469 | |
US Equity Dividend Select ETF | 2,785,945 | 2,782,465 | |
Purchases | Sales | ||
Developed International Equity Select ETF | $ — | $ 4,463,541 | |
Emerging Markets Equity Select ETF | — | 973,116 | |
Large Cap US Equity Select ETF | — | — | |
Mid Cap US Equity Select ETF | — | 1,012,903 | |
Small Cap US Equity Select ETF | — | — | |
US Equity Dividend Select ETF | 1,050,407 | 2,081,524 |
NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE |
FUND ACCOUNTANT &
TRANSFER AGENT
PUBLIC ACCOUNTING FIRM
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.
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.
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 that has 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: | December 7, 2020 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)* | /s/ James M. Dykas | |
James M. Dykas, President and Chief Executive Officer (principal executive officer) |
Date: | December 7, 2020 |
By (Signature and Title)* | /s/ Donald P. Swade | |
Donald P. Swade, Treasurer, Chief Financial Officer and Chief Accounting Officer (principal financial officer) |
Date: | December 7, 2020 |
* Print the name and title of each signing officer under his or her signature.