Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES – 46.2% | ||||||||
Aerospace & Defense – 2.2% | ||||||||
$500,000 | Boeing (The) Co. | 2.70% | 02/01/27 | $453,019 | ||||
500,000 | Boeing (The) Co. | 3.25% | 02/01/28 | 451,251 | ||||
1,000,000 | Boeing (The) Co. | 5.71% | 05/01/40 | 923,324 | ||||
1,000,000 | Lockheed Martin Corp. | 5.10% | 11/15/27 | 994,840 | ||||
2,000,000 | Lockheed Martin Corp. | 5.25% | 01/15/33 | 1,977,080 | ||||
1,000,000 | Lockheed Martin Corp. | 5.70% | 11/15/54 | 998,657 | ||||
1,000,000 | Lockheed Martin Corp. | 5.90% | 11/15/63 | 1,020,752 | ||||
500,000 | Northrop Grumman Corp. | 2.93% | 01/15/25 | 482,333 | ||||
500,000 | Northrop Grumman Corp. | 3.25% | 01/15/28 | 458,853 | ||||
500,000 | Northrop Grumman Corp. | 4.70% | 03/15/33 | 466,990 | ||||
750,000 | Northrop Grumman Corp. | 4.03% | 10/15/47 | 574,922 | ||||
250,000 | Northrop Grumman Corp. | 5.25% | 05/01/50 | 230,970 | ||||
1,000,000 | Northrop Grumman Corp. | 4.95% | 03/15/53 | 879,776 | ||||
500,000 | RTX Corp. | 5.00% | 02/27/26 | 494,107 | ||||
1,000,000 | RTX Corp. | 3.13% | 05/04/27 | 920,278 | ||||
1,873,000 | RTX Corp. | 2.38% | 03/15/32 | 1,447,280 | ||||
2,500,000 | RTX Corp. | 5.15% | 02/27/33 | 2,368,630 | ||||
1,500,000 | RTX Corp. | 3.13% | 07/01/50 | 934,422 | ||||
1,000,000 | RTX Corp. | 2.82% | 09/01/51 | 573,802 | ||||
2,500,000 | RTX Corp. | 5.38% | 02/27/53 | 2,265,260 | ||||
18,916,546 | ||||||||
Air Freight & Logistics – 0.1% | ||||||||
1,750,000 | FedEx Corp. | 3.25% | 05/15/41 | 1,209,278 | ||||
Banks – 8.3% | ||||||||
2,050,000 | Bank of America Corp. (a) | 1.84% | 02/04/25 | 2,016,602 | ||||
750,000 | Bank of America Corp. (a) | 2.02% | 02/13/26 | 705,960 | ||||
2,500,000 | Bank of America Corp. (a) | 3.38% | 04/02/26 | 2,393,323 | ||||
950,000 | Bank of America Corp. | 3.50% | 04/19/26 | 897,286 | ||||
1,000,000 | Bank of America Corp. (a) | 1.20% | 10/24/26 | 904,525 | ||||
2,500,000 | Bank of America Corp. (a) | 5.08% | 01/20/27 | 2,444,194 | ||||
500,000 | Bank of America Corp. (a) | 3.56% | 04/23/27 | 469,238 | ||||
450,000 | Bank of America Corp. (a) | 2.55% | 02/04/28 | 401,449 | ||||
475,000 | Bank of America Corp. (a) | 4.38% | 04/27/28 | 448,654 | ||||
1,000,000 | Bank of America Corp. (a) | 4.95% | 07/22/28 | 961,221 | ||||
1,105,000 | Bank of America Corp. (a) | 5.20% | 04/25/29 | 1,064,943 | ||||
1,000,000 | Bank of America Corp. (a) | 2.09% | 06/14/29 | 837,492 | ||||
500,000 | Bank of America Corp. (a) | 4.27% | 07/23/29 | 460,999 | ||||
500,000 | Bank of America Corp. (a) | 3.97% | 02/07/30 | 449,279 | ||||
500,000 | Bank of America Corp. (a) | 3.19% | 07/23/30 | 427,649 | ||||
500,000 | Bank of America Corp. (a) | 2.88% | 10/22/30 | 416,873 | ||||
500,000 | Bank of America Corp. (a) | 1.90% | 07/23/31 | 380,137 | ||||
1,000,000 | Bank of America Corp. (a) | 1.92% | 10/24/31 | 754,818 | ||||
500,000 | Bank of America Corp. (a) | 2.57% | 10/20/32 | 384,452 | ||||
750,000 | Bank of America Corp. (a) | 2.97% | 02/04/33 | 591,699 | ||||
500,000 | Bank of America Corp. (a) | 4.57% | 04/27/33 | 444,165 | ||||
1,000,000 | Bank of America Corp. (a) | 5.02% | 07/22/33 | 920,508 | ||||
3,500,000 | Bank of America Corp. (a) | 5.29% | 04/25/34 | 3,258,742 | ||||
1,500,000 | Bank of America Corp. (a) | 2.48% | 09/21/36 | 1,092,528 | ||||
500,000 | Bank of America Corp. (a) | 4.08% | 04/23/40 | 396,944 | ||||
1,000,000 | Bank of America Corp. (a) | 2.68% | 06/19/41 | 640,942 | ||||
2,000,000 | Bank of America Corp. (a) | 3.31% | 04/22/42 | 1,392,939 | ||||
500,000 | Bank of America Corp. (a) | 3.95% | 01/23/49 | 369,034 | ||||
500,000 | Bank of America Corp. (a) | 4.33% | 03/15/50 | 388,067 |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Banks (Continued) | ||||||||
$500,000 | Bank of America Corp. (a) | 2.83% | 10/24/51 | $294,521 | ||||
750,000 | Bank of America Corp. (a) | 2.97% | 07/21/52 | 453,301 | ||||
2,000,000 | Bank of America N.A. | 5.65% | 08/18/25 | 1,995,459 | ||||
2,000,000 | Bank of America N.A. | 5.53% | 08/18/26 | 1,990,994 | ||||
1,000,000 | Citibank N.A. | 5.80% | 09/29/28 | 1,000,479 | ||||
500,000 | Citigroup, Inc. (a) | 2.67% | 01/29/31 | 405,749 | ||||
2,000,000 | Citigroup, Inc. (a) | 2.56% | 05/01/32 | 1,549,039 | ||||
1,000,000 | Citigroup, Inc. (a) | 3.06% | 01/25/33 | 790,912 | ||||
500,000 | Citigroup, Inc. (a) | 3.88% | 01/24/39 | 387,670 | ||||
400,000 | Fifth Third Bancorp (a) | 6.34% | 07/27/29 | 395,360 | ||||
2,000,000 | JPMorgan Chase & Co. (a) | 0.82% | 06/01/25 | 1,925,725 | ||||
500,000 | JPMorgan Chase & Co. (a) | 2.30% | 10/15/25 | 479,716 | ||||
500,000 | JPMorgan Chase & Co. (a) | 2.60% | 02/24/26 | 476,176 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 4.08% | 04/26/26 | 970,716 | ||||
500,000 | JPMorgan Chase & Co. (a) | 1.05% | 11/19/26 | 449,478 | ||||
500,000 | JPMorgan Chase & Co. (a) | 1.04% | 02/04/27 | 445,113 | ||||
500,000 | JPMorgan Chase & Co. (a) | 1.58% | 04/22/27 | 446,338 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 1.47% | 09/22/27 | 876,407 | ||||
550,000 | JPMorgan Chase & Co. (a) | 2.95% | 02/24/28 | 499,199 | ||||
975,000 | JPMorgan Chase & Co. (a) | 4.32% | 04/26/28 | 925,321 | ||||
500,000 | JPMorgan Chase & Co. (a) | 4.85% | 07/25/28 | 482,103 | ||||
500,000 | JPMorgan Chase & Co. (a) | 3.51% | 01/23/29 | 453,796 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 2.07% | 06/01/29 | 843,154 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 5.30% | 07/24/29 | 973,371 | ||||
500,000 | JPMorgan Chase & Co. (a) | 3.70% | 05/06/30 | 446,197 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 2.58% | 04/22/32 | 789,297 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 2.96% | 01/25/33 | 796,428 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 4.59% | 04/26/33 | 901,802 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 4.91% | 07/25/33 | 920,470 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 5.35% | 06/01/34 | 948,862 | ||||
1,000,000 | JPMorgan Chase & Co. (a) | 2.53% | 11/19/41 | 628,914 | ||||
2,000,000 | JPMorgan Chase & Co. (a) | 3.16% | 04/22/42 | 1,375,617 | ||||
500,000 | JPMorgan Chase & Co. (a) | 4.26% | 02/22/48 | 389,538 | ||||
750,000 | JPMorgan Chase & Co. (a) | 3.96% | 11/15/48 | 547,867 | ||||
500,000 | JPMorgan Chase & Co. (a) | 3.90% | 01/23/49 | 363,122 | ||||
2,000,000 | JPMorgan Chase & Co. (a) | 3.33% | 04/22/52 | 1,300,956 | ||||
1,175,000 | PNC Financial Services Group (The), Inc. (a) | 5.81% | 06/12/26 | 1,165,951 | ||||
1,000,000 | PNC Financial Services Group (The), Inc. (a) | 5.58% | 06/12/29 | 970,594 | ||||
1,000,000 | PNC Financial Services Group (The), Inc. (a) | 5.07% | 01/24/34 | 907,506 | ||||
1,000,000 | Truist Financial Corp. (a) | 4.87% | 01/26/29 | 939,071 | ||||
1,000,000 | Truist Financial Corp. (a) | 5.12% | 01/26/34 | 894,601 | ||||
2,000,000 | US Bancorp (a) | 5.78% | 06/12/29 | 1,947,870 | ||||
3,500,000 | US Bancorp (a) | 4.84% | 02/01/34 | 3,083,900 | ||||
2,000,000 | US Bancorp (a) | 5.84% | 06/12/34 | 1,887,853 | ||||
1,750,000 | Wells Fargo Bank N.A. | 5.55% | 08/01/25 | 1,744,802 | ||||
2,250,000 | Wells Fargo Bank N.A. | 5.45% | 08/07/26 | 2,235,681 | ||||
71,011,658 | ||||||||
Beverages – 0.6% | ||||||||
875,000 | Anheuser-Busch Cos., LLC/Anheuser-Busch InBev Worldwide, Inc. | 4.70% | 02/01/36 | 802,502 | ||||
1,100,000 | Anheuser-Busch Cos., LLC/Anheuser-Busch InBev Worldwide, Inc. | 4.90% | 02/01/46 | 959,391 | ||||
250,000 | Anheuser-Busch InBev Worldwide, Inc. | 4.35% | 06/01/40 | 212,722 | ||||
1,182,000 | Anheuser-Busch InBev Worldwide, Inc. | 4.60% | 04/15/48 | 999,814 |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Beverages (Continued) | ||||||||
$2,000,000 | Constellation Brands, Inc. | 4.90% | 05/01/33 | $1,857,461 | ||||
4,831,890 | ||||||||
Biotechnology – 2.5% | ||||||||
1,000,000 | AbbVie, Inc. | 2.60% | 11/21/24 | 964,408 | ||||
500,000 | AbbVie, Inc. | 3.80% | 03/15/25 | 486,170 | ||||
2,000,000 | AbbVie, Inc. | 2.95% | 11/21/26 | 1,856,822 | ||||
1,225,000 | AbbVie, Inc. | 4.05% | 11/21/39 | 1,002,804 | ||||
275,000 | AbbVie, Inc. | 4.40% | 11/06/42 | 228,817 | ||||
300,000 | AbbVie, Inc. | 4.70% | 05/14/45 | 255,875 | ||||
250,000 | AbbVie, Inc. | 4.88% | 11/14/48 | 218,769 | ||||
1,000,000 | AbbVie, Inc. | 4.25% | 11/21/49 | 792,414 | ||||
1,000,000 | Amgen, Inc. | 5.51% | 03/02/26 | 994,228 | ||||
5,000,000 | Amgen, Inc. | 5.15% | 03/02/28 | 4,919,307 | ||||
500,000 | Amgen, Inc. | 2.45% | 02/21/30 | 414,292 | ||||
500,000 | Amgen, Inc. | 5.25% | 03/02/30 | 488,691 | ||||
1,000,000 | Amgen, Inc. | 2.00% | 01/15/32 | 759,438 | ||||
500,000 | Amgen, Inc. | 3.35% | 02/22/32 | 422,581 | ||||
1,000,000 | Amgen, Inc. | 5.25% | 03/02/33 | 956,401 | ||||
750,000 | Amgen, Inc. | 3.15% | 02/21/40 | 529,742 | ||||
1,000,000 | Amgen, Inc. | 2.80% | 08/15/41 | 649,436 | ||||
3,000,000 | Amgen, Inc. | 5.60% | 03/02/43 | 2,790,914 | ||||
750,000 | Amgen, Inc. | 3.38% | 02/21/50 | 491,561 | ||||
500,000 | Amgen, Inc. | 4.20% | 02/22/52 | 374,935 | ||||
2,500,000 | Amgen, Inc. | 5.65% | 03/02/53 | 2,341,564 | ||||
21,939,169 | ||||||||
Capital Markets – 6.3% | ||||||||
2,500,000 | Bank of New York Mellon (The) Corp. (a) | 4.97% | 04/26/34 | 2,307,000 | ||||
3,000,000 | Goldman Sachs Group (The), Inc. (a) | 0.93% | 10/21/24 | 2,976,352 | ||||
1,925,000 | Goldman Sachs Group (The), Inc. | 5.70% | 11/01/24 | 1,918,314 | ||||
500,000 | Goldman Sachs Group (The), Inc. | 3.50% | 04/01/25 | 481,570 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 0.86% | 02/12/26 | 463,554 | ||||
550,000 | Goldman Sachs Group (The), Inc. | 3.75% | 02/25/26 | 523,048 | ||||
500,000 | Goldman Sachs Group (The), Inc. | 3.50% | 11/16/26 | 465,258 | ||||
750,000 | Goldman Sachs Group (The), Inc. | 3.85% | 01/26/27 | 703,824 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 1.43% | 03/09/27 | 890,573 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 1.54% | 09/10/27 | 875,919 | ||||
1,500,000 | Goldman Sachs Group (The), Inc. (a) | 1.95% | 10/21/27 | 1,324,914 | ||||
950,000 | Goldman Sachs Group (The), Inc. (a) | 2.64% | 02/24/28 | 847,455 | ||||
5,000,000 | Goldman Sachs Group (The), Inc. (a) | 4.48% | 08/23/28 | 4,734,111 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 3.81% | 04/23/29 | 454,258 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 4.22% | 05/01/29 | 462,700 | ||||
500,000 | Goldman Sachs Group (The), Inc. | 2.60% | 02/07/30 | 409,794 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 1.99% | 01/27/32 | 750,077 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 2.62% | 04/22/32 | 781,540 | ||||
1,500,000 | Goldman Sachs Group (The), Inc. (a) | 2.65% | 10/21/32 | 1,158,470 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 3.10% | 02/24/33 | 800,030 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 4.02% | 10/31/38 | 393,959 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 4.41% | 04/23/39 | 412,005 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 3.21% | 04/22/42 | 678,605 | ||||
1,000,000 | Goldman Sachs Group (The), Inc. (a) | 2.91% | 07/21/42 | 646,731 | ||||
500,000 | Goldman Sachs Group (The), Inc. (a) | 3.44% | 02/24/43 | 345,209 | ||||
1,000,000 | Morgan Stanley (a) | 0.86% | 10/21/25 | 942,528 | ||||
1,000,000 | Morgan Stanley (a) | 1.16% | 10/21/25 | 944,263 |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Capital Markets (Continued) | ||||||||
$800,000 | Morgan Stanley | 3.88% | 01/27/26 | $765,123 | ||||
500,000 | Morgan Stanley (a) | 2.19% | 04/28/26 | 469,886 | ||||
1,000,000 | Morgan Stanley (a) | 4.68% | 07/17/26 | 974,396 | ||||
500,000 | Morgan Stanley (a) | 5.05% | 01/28/27 | 490,254 | ||||
1,000,000 | Morgan Stanley (a) | 1.59% | 05/04/27 | 890,302 | ||||
1,000,000 | Morgan Stanley (a) | 2.48% | 01/21/28 | 892,007 | ||||
1,050,000 | Morgan Stanley (a) | 4.21% | 04/20/28 | 987,638 | ||||
500,000 | Morgan Stanley (a) | 3.77% | 01/24/29 | 456,175 | ||||
1,000,000 | Morgan Stanley (a) | 5.12% | 02/01/29 | 963,381 | ||||
2,000,000 | Morgan Stanley (a) | 5.16% | 04/20/29 | 1,924,944 | ||||
2,500,000 | Morgan Stanley (a) | 5.45% | 07/20/29 | 2,437,189 | ||||
500,000 | Morgan Stanley (a) | 4.43% | 01/23/30 | 462,736 | ||||
500,000 | Morgan Stanley (a) | 2.70% | 01/22/31 | 409,060 | ||||
1,000,000 | Morgan Stanley (a) | 1.93% | 04/28/32 | 743,252 | ||||
2,500,000 | Morgan Stanley (a) | 2.24% | 07/21/32 | 1,885,465 | ||||
1,000,000 | Morgan Stanley (a) | 2.51% | 10/20/32 | 765,516 | ||||
1,000,000 | Morgan Stanley (a) | 2.94% | 01/21/33 | 787,853 | ||||
1,000,000 | Morgan Stanley (a) | 4.89% | 07/20/33 | 909,153 | ||||
2,000,000 | Morgan Stanley (a) | 5.25% | 04/21/34 | 1,858,217 | ||||
1,000,000 | Morgan Stanley (a) | 5.42% | 07/21/34 | 943,723 | ||||
1,000,000 | Morgan Stanley (a) | 2.48% | 09/16/36 | 727,124 | ||||
500,000 | Morgan Stanley | 3.97% | 07/22/38 | 396,997 | ||||
500,000 | Morgan Stanley (a) | 4.46% | 04/22/39 | 417,978 | ||||
1,000,000 | Morgan Stanley (a) | 3.22% | 04/22/42 | 689,584 | ||||
1,000,000 | Morgan Stanley (a) | 2.80% | 01/25/52 | 583,047 | ||||
2,000,000 | Morgan Stanley Bank N.A. | 5.48% | 07/16/25 | 1,993,344 | ||||
1,000,000 | Nasdaq, Inc. | 5.55% | 02/15/34 | 955,006 | ||||
250,000 | Nasdaq, Inc. | 5.95% | 08/15/53 | 233,711 | ||||
53,705,122 | ||||||||
Commercial Services & Supplies – 0.3% | ||||||||
2,500,000 | Waste Management, Inc. | 4.88% | 02/15/29 | 2,445,792 | ||||
500,000 | Waste Management, Inc. | 4.88% | 02/15/34 | 473,483 | ||||
2,919,275 | ||||||||
Diversified Telecommunication Services – 1.4% | ||||||||
500,000 | AT&T, Inc. | 2.30% | 06/01/27 | 442,902 | ||||
500,000 | AT&T, Inc. | 1.65% | 02/01/28 | 422,239 | ||||
462,000 | AT&T, Inc. | 4.30% | 02/15/30 | 420,844 | ||||
500,000 | AT&T, Inc. | 2.75% | 06/01/31 | 400,245 | ||||
500,000 | AT&T, Inc. | 2.25% | 02/01/32 | 376,465 | ||||
1,392,000 | AT&T, Inc. | 2.55% | 12/01/33 | 1,022,852 | ||||
1,186,000 | AT&T, Inc. | 3.50% | 09/15/53 | 733,420 | ||||
504,000 | AT&T, Inc. | 3.55% | 09/15/55 | 308,844 | ||||
1,044,000 | AT&T, Inc. | 3.65% | 09/15/59 | 635,886 | ||||
1,500,000 | Verizon Communications, Inc. | 1.45% | 03/20/26 | 1,354,780 | ||||
500,000 | Verizon Communications, Inc. | 2.10% | 03/22/28 | 429,672 | ||||
1,119,000 | Verizon Communications, Inc. | 4.02% | 12/03/29 | 1,015,204 | ||||
500,000 | Verizon Communications, Inc. | 1.75% | 01/20/31 | 376,986 | ||||
500,000 | Verizon Communications, Inc. | 2.55% | 03/21/31 | 398,379 | ||||
2,003,000 | Verizon Communications, Inc. | 2.36% | 03/15/32 | 1,528,779 | ||||
500,000 | Verizon Communications, Inc. | 2.65% | 11/20/40 | 316,730 | ||||
500,000 | Verizon Communications, Inc. | 3.40% | 03/22/41 | 354,713 | ||||
500,000 | Verizon Communications, Inc. | 2.88% | 11/20/50 | 289,294 | ||||
1,000,000 | Verizon Communications, Inc. | 3.55% | 03/22/51 | 658,584 |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Diversified Telecommunication Services (Continued) | ||||||||
$1,000,000 | Verizon Communications, Inc. | 3.88% | 03/01/52 | $704,615 | ||||
12,191,433 | ||||||||
Electric Utilities – 8.0% | ||||||||
1,000,000 | AEP Texas, Inc. | 3.45% | 05/15/51 | 636,997 | ||||
500,000 | AEP Texas, Inc. | 5.25% | 05/15/52 | 429,512 | ||||
900,000 | AEP Transmission Co., LLC | 4.25% | 09/15/48 | 704,667 | ||||
2,000,000 | AEP Transmission Co., LLC | 2.75% | 08/15/51 | 1,146,237 | ||||
500,000 | AEP Transmission Co., LLC | 5.40% | 03/15/53 | 465,818 | ||||
1,980,000 | Alabama Power Co. | 3.75% | 09/01/27 | 1,872,013 | ||||
500,000 | Alabama Power Co. | 3.45% | 10/01/49 | 333,899 | ||||
1,000,000 | Alabama Power Co. | 3.13% | 07/15/51 | 614,957 | ||||
1,000,000 | American Electric Power Co., Inc. | 5.70% | 08/15/25 | 995,306 | ||||
2,500,000 | American Electric Power Co., Inc. | 1.00% | 11/01/25 | 2,266,472 | ||||
1,000,000 | American Electric Power Co., Inc. | 5.75% | 11/01/27 | 1,006,530 | ||||
2,500,000 | American Electric Power Co., Inc. | 5.63% | 03/01/33 | 2,421,981 | ||||
2,542,000 | American Transmission Systems, Inc. (b) | 2.65% | 01/15/32 | 2,011,845 | ||||
1,000,000 | Appalachian Power Co. | 2.70% | 04/01/31 | 805,353 | ||||
2,000,000 | Appalachian Power Co. | 4.50% | 08/01/32 | 1,791,774 | ||||
1,000,000 | Commonwealth Edison Co. | 2.55% | 06/15/26 | 930,733 | ||||
500,000 | Commonwealth Edison Co. | 4.90% | 02/01/33 | 476,386 | ||||
500,000 | Commonwealth Edison Co. | 4.00% | 03/01/49 | 376,350 | ||||
1,000,000 | Commonwealth Edison Co. | 5.30% | 02/01/53 | 919,544 | ||||
500,000 | Duke Energy Carolinas LLC | 2.85% | 03/15/32 | 408,498 | ||||
2,000,000 | Duke Energy Carolinas LLC | 4.95% | 01/15/33 | 1,902,260 | ||||
500,000 | Duke Energy Carolinas LLC | 3.55% | 03/15/52 | 342,361 | ||||
2,000,000 | Duke Energy Carolinas LLC | 5.35% | 01/15/53 | 1,832,656 | ||||
2,000,000 | Duke Energy Corp. | 5.00% | 12/08/25 | 1,972,660 | ||||
2,000,000 | Duke Energy Corp. | 5.00% | 12/08/27 | 1,953,812 | ||||
500,000 | Duke Energy Corp. | 4.30% | 03/15/28 | 474,430 | ||||
1,000,000 | Duke Energy Corp. | 4.50% | 08/15/32 | 900,245 | ||||
1,000,000 | Duke Energy Corp. | 5.75% | 09/15/33 | 982,783 | ||||
2,500,000 | Duke Energy Corp. | 3.30% | 06/15/41 | 1,714,702 | ||||
2,000,000 | Duke Energy Corp. | 3.50% | 06/15/51 | 1,298,765 | ||||
2,500,000 | Duke Energy Corp. | 5.00% | 08/15/52 | 2,082,552 | ||||
1,000,000 | Duke Energy Corp. | 6.10% | 09/15/53 | 971,285 | ||||
500,000 | Duke Energy Ohio, Inc. | 5.25% | 04/01/33 | 483,309 | ||||
1,000,000 | Duke Energy Progress LLC | 4.00% | 04/01/52 | 730,389 | ||||
2,000,000 | Exelon Corp. | 2.75% | 03/15/27 | 1,817,557 | ||||
1,000,000 | Exelon Corp. | 3.35% | 03/15/32 | 832,958 | ||||
1,500,000 | Exelon Corp. | 4.10% | 03/15/52 | 1,087,037 | ||||
4,425,000 | FirstEnergy Transmission LLC (b) | 4.35% | 01/15/25 | 4,321,488 | ||||
1,250,000 | Florida Power & Light Co. | 4.80% | 05/15/33 | 1,182,762 | ||||
1,500,000 | Georgia Power Co. | 4.65% | 05/16/28 | 1,448,206 | ||||
500,000 | Indiana Michigan Power Co. | 3.75% | 07/01/47 | 351,335 | ||||
500,000 | Indiana Michigan Power Co. | 3.25% | 05/01/51 | 317,461 | ||||
1,000,000 | Indiana Michigan Power Co. | 5.63% | 04/01/53 | 945,574 | ||||
2,500,000 | Northern States Power Co. | 5.10% | 05/15/53 | 2,242,761 | ||||
3,000,000 | Ohio Edison Co. (b) | 5.50% | 01/15/33 | 2,877,482 | ||||
2,500,000 | Ohio Power Co. | 2.90% | 10/01/51 | 1,486,197 | ||||
500,000 | PECO Energy Co. | 3.90% | 03/01/48 | 375,163 | ||||
4,000,000 | PECO Energy Co. | 4.38% | 08/15/52 | 3,207,032 | ||||
3,000,000 | Public Service Co. of Colorado | 5.25% | 04/01/53 | 2,618,094 | ||||
700,000 | Public Service Electric and Gas Co. | 5.20% | 08/01/33 | 684,392 | ||||
500,000 | Public Service Electric and Gas Co. | 5.45% | 08/01/53 | 477,564 |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Electric Utilities (Continued) | ||||||||
$500,000 | Southwestern Electric Power Co. | 2.75% | 10/01/26 | $459,449 | ||||
3,480,000 | Trans-Allegheny Interstate Line Co. (b) | 3.85% | 06/01/25 | 3,362,323 | ||||
500,000 | Virginia Electric & Power Co. | 3.75% | 05/15/27 | 472,232 | ||||
68,824,148 | ||||||||
Financial Services – 0.5% | ||||||||
1,500,000 | Fidelity National Information Services, Inc. | 4.25% | 05/15/28 | 1,385,949 | ||||
1,000,000 | Fiserv, Inc. | 3.20% | 07/01/26 | 935,476 | ||||
333,000 | Fiserv, Inc. | 5.38% | 08/21/28 | 328,905 | ||||
500,000 | Fiserv, Inc. | 3.50% | 07/01/29 | 446,357 | ||||
250,000 | Fiserv, Inc. | 2.65% | 06/01/30 | 205,547 | ||||
1,000,000 | Fiserv, Inc. | 5.63% | 08/21/33 | 969,319 | ||||
500,000 | Fiserv, Inc. | 4.40% | 07/01/49 | 383,411 | ||||
4,654,964 | ||||||||
Food Products – 0.1% | ||||||||
750,000 | Conagra Brands, Inc. | 5.30% | 10/01/26 | 742,733 | ||||
Ground Transportation – 0.7% | ||||||||
3,000,000 | CSX Corp. | 4.10% | 11/15/32 | 2,700,301 | ||||
1,000,000 | CSX Corp. | 5.20% | 11/15/33 | 967,762 | ||||
1,500,000 | CSX Corp. | 4.50% | 11/15/52 | 1,222,675 | ||||
1,500,000 | Union Pacific Corp. | 4.95% | 05/15/53 | 1,345,343 | ||||
6,236,081 | ||||||||
Health Care Equipment & Supplies – 0.2% | ||||||||
1,000,000 | Alcon Finance Corp. (b) | 5.38% | 12/06/32 | 970,818 | ||||
1,000,000 | Baxter International, Inc. | 3.13% | 12/01/51 | 595,906 | ||||
1,566,724 | ||||||||
Health Care Providers & Services – 3.6% | ||||||||
1,143,000 | Centene Corp. | 4.25% | 12/15/27 | 1,054,720 | ||||
2,000,000 | Centene Corp. | 2.45% | 07/15/28 | 1,691,398 | ||||
1,000,000 | Centene Corp. | 2.50% | 03/01/31 | 769,389 | ||||
800,000 | CVS Health Corp. | 1.75% | 08/21/30 | 616,019 | ||||
1,000,000 | CVS Health Corp. | 5.25% | 02/21/33 | 947,818 | ||||
500,000 | CVS Health Corp. | 2.70% | 08/21/40 | 315,576 | ||||
1,250,000 | CVS Health Corp. | 5.05% | 03/25/48 | 1,039,500 | ||||
1,000,000 | CVS Health Corp. | 5.63% | 02/21/53 | 899,744 | ||||
1,000,000 | Elevance Health, Inc. | 5.35% | 10/15/25 | 993,962 | ||||
500,000 | Elevance Health, Inc. | 2.55% | 03/15/31 | 405,517 | ||||
500,000 | Elevance Health, Inc. | 4.10% | 05/15/32 | 445,646 | ||||
1,000,000 | Elevance Health, Inc. | 3.60% | 03/15/51 | 687,250 | ||||
500,000 | Elevance Health, Inc. | 4.55% | 05/15/52 | 405,179 | ||||
1,000,000 | Elevance Health, Inc. | 6.10% | 10/15/52 | 1,007,723 | ||||
1,000,000 | HCA, Inc. | 2.38% | 07/15/31 | 766,087 | ||||
2,500,000 | HCA, Inc. | 5.50% | 06/01/33 | 2,366,102 | ||||
2,500,000 | HCA, Inc. | 3.50% | 07/15/51 | 1,563,329 | ||||
2,500,000 | HCA, Inc. | 5.90% | 06/01/53 | 2,254,146 | ||||
2,500,000 | UnitedHealth Group, Inc. | 5.25% | 02/15/28 | 2,505,336 | ||||
1,000,000 | UnitedHealth Group, Inc. | 4.25% | 01/15/29 | 952,380 | ||||
3,500,000 | UnitedHealth Group, Inc. | 5.30% | 02/15/30 | 3,479,697 | ||||
1,000,000 | UnitedHealth Group, Inc. | 5.35% | 02/15/33 | 989,756 | ||||
2,000,000 | UnitedHealth Group, Inc. | 5.88% | 02/15/53 | 2,009,731 | ||||
1,000,000 | UnitedHealth Group, Inc. | 6.05% | 02/15/63 | 1,012,962 |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Health Care Providers & Services (Continued) | ||||||||
$500,000 | UnitedHealth Group, Inc. | 5.20% | 04/15/63 | $446,922 | ||||
500,000 | Universal Health Services, Inc. | 2.65% | 10/15/30 | 390,044 | ||||
1,000,000 | Universal Health Services, Inc. | 2.65% | 01/15/32 | 750,313 | ||||
30,766,246 | ||||||||
Insurance – 0.7% | ||||||||
1,000,000 | Aon Corp / Aon Global Holdings PLC | 5.35% | 02/28/33 | 959,699 | ||||
1,000,000 | Arthur J. Gallagher & Co. | 5.50% | 03/02/33 | 959,051 | ||||
1,000,000 | Arthur J. Gallagher & Co. | 5.75% | 03/02/53 | 917,345 | ||||
700,000 | Brown & Brown, Inc. | 4.20% | 09/15/24 | 687,569 | ||||
750,000 | Brown & Brown, Inc. | 2.38% | 03/15/31 | 580,269 | ||||
1,000,000 | Marsh & McLennan Cos., Inc. | 5.75% | 11/01/32 | 1,002,334 | ||||
1,000,000 | Marsh & McLennan Cos., Inc. | 6.25% | 11/01/52 | 1,029,762 | ||||
6,136,029 | ||||||||
Life Sciences Tools & Services – 0.9% | ||||||||
2,000,000 | IQVIA, Inc. (b) | 5.70% | 05/15/28 | 1,945,580 | ||||
3,775,000 | Thermo Fisher Scientific, Inc. | 4.80% | 11/21/27 | 3,732,932 | ||||
500,000 | Thermo Fisher Scientific, Inc. | 4.95% | 11/21/32 | 480,973 | ||||
2,000,000 | Thermo Fisher Scientific, Inc. | 2.80% | 10/15/41 | 1,349,543 | ||||
7,509,028 | ||||||||
Machinery – 0.2% | ||||||||
1,350,000 | Ingersoll Rand, Inc. | 5.40% | 08/14/28 | 1,328,289 | ||||
333,000 | Otis Worldwide Corp. | 5.25% | 08/16/28 | 327,556 | ||||
1,655,845 | ||||||||
Media – 1.6% | ||||||||
2,500,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 2.25% | 01/15/29 | 2,039,983 | ||||
500,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 2.30% | 02/01/32 | 364,609 | ||||
1,000,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 3.50% | 06/01/41 | 633,067 | ||||
2,500,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 3.50% | 03/01/42 | 1,546,542 | ||||
1,000,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 3.70% | 04/01/51 | 582,544 | ||||
2,000,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 3.90% | 06/01/52 | 1,197,147 | ||||
1,000,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 4.40% | 12/01/61 | 616,886 | ||||
500,000 | Charter Communications Operating LLC/Charter Communications Operating Capital | 5.50% | 04/01/63 | 370,338 | ||||
2,000,000 | Comcast Corp. | 5.35% | 11/15/27 | 1,999,885 | ||||
1,000,000 | Comcast Corp. | 4.55% | 01/15/29 | 960,582 | ||||
1,500,000 | Comcast Corp. | 5.50% | 11/15/32 | 1,483,483 | ||||
500,000 | Comcast Corp. | 3.25% | 11/01/39 | 365,670 | ||||
1,000,000 | Comcast Corp. | 3.75% | 04/01/40 | 775,230 | ||||
500,000 | Comcast Corp. | 4.00% | 08/15/47 | 373,973 | ||||
500,000 | Comcast Corp. | 3.45% | 02/01/50 | 338,404 | ||||
543,000 | Comcast Corp. | 2.94% | 11/01/56 | 308,859 | ||||
13,957,202 |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Multi-Utilities – 0.4% | ||||||||
$2,000,000 | Consolidated Edison Co. of New York, Inc. | 6.15% | 11/15/52 | $2,016,029 | ||||
1,185,000 | Dominion Energy, Inc. | 3.07% | 08/15/24 | 1,154,015 | ||||
3,170,044 | ||||||||
Oil, Gas & Consumable Fuels – 2.4% | ||||||||
500,000 | BP Capital Markets America, Inc. | 3.41% | 02/11/26 | 478,093 | ||||
500,000 | BP Capital Markets America, Inc. | 3.94% | 09/21/28 | 468,670 | ||||
500,000 | BP Capital Markets America, Inc. | 1.75% | 08/10/30 | 395,656 | ||||
2,500,000 | BP Capital Markets America, Inc. | 2.72% | 01/12/32 | 2,030,092 | ||||
500,000 | BP Capital Markets America, Inc. | 4.81% | 02/13/33 | 468,264 | ||||
1,000,000 | BP Capital Markets America, Inc. | 3.06% | 06/17/41 | 691,379 | ||||
1,000,000 | BP Capital Markets America, Inc. | 3.00% | 03/17/52 | 614,433 | ||||
1,000,000 | Cheniere Energy Partners L.P. (b) | 5.95% | 06/30/33 | 965,720 | ||||
500,000 | Diamondback Energy, Inc. | 3.50% | 12/01/29 | 444,047 | ||||
250,000 | Energy Transfer L.P. | 4.20% | 04/15/27 | 235,709 | ||||
500,000 | Energy Transfer L.P. | 4.00% | 10/01/27 | 464,614 | ||||
500,000 | Energy Transfer L.P. | 5.55% | 02/15/28 | 491,621 | ||||
1,250,000 | Energy Transfer L.P. | 5.25% | 04/15/29 | 1,199,153 | ||||
1,000,000 | Energy Transfer L.P. | 5.75% | 02/15/33 | 962,353 | ||||
250,000 | Energy Transfer L.P. | 5.30% | 04/15/47 | 203,404 | ||||
500,000 | Energy Transfer L.P. | 5.40% | 10/01/47 | 413,026 | ||||
250,000 | Energy Transfer L.P. | 6.00% | 06/15/48 | 222,241 | ||||
2,250,000 | Energy Transfer L.P. | 6.25% | 04/15/49 | 2,067,945 | ||||
1,000,000 | Enterprise Products Operating LLC | 5.05% | 01/10/26 | 989,452 | ||||
1,360,000 | Enterprise Products Operating LLC | 5.35% | 01/31/33 | 1,330,689 | ||||
500,000 | Kinder Morgan, Inc. | 5.20% | 06/01/33 | 462,773 | ||||
500,000 | Pioneer Natural Resources Co. | 1.13% | 01/15/26 | 452,078 | ||||
250,000 | Plains All American Pipeline L.P./PAA Finance Corp. | 3.80% | 09/15/30 | 214,908 | ||||
1,000,000 | Plains All American Pipeline L.P./PAA Finance Corp. | 4.90% | 02/15/45 | 760,607 | ||||
500,000 | Sabine Pass Liquefaction LLC | 5.00% | 03/15/27 | 485,303 | ||||
250,000 | Sabine Pass Liquefaction LLC | 4.20% | 03/15/28 | 233,059 | ||||
250,000 | Williams (The) Cos., Inc. | 3.50% | 11/15/30 | 215,716 | ||||
1,000,000 | Williams (The) Cos., Inc. | 2.60% | 03/15/31 | 796,970 | ||||
625,000 | Williams (The) Cos., Inc. | 4.90% | 01/15/45 | 504,511 | ||||
270,000 | Williams (The) Cos., Inc. | 5.10% | 09/15/45 | 227,190 | ||||
1,000,000 | Williams (The) Cos., Inc. | 4.85% | 03/01/48 | 799,983 | ||||
20,289,659 | ||||||||
Personal Care Products – 0.2% | ||||||||
1,000,000 | Kenvue, Inc. (b) | 5.05% | 03/22/28 | 987,382 | ||||
1,000,000 | Kenvue, Inc. (b) | 5.10% | 03/22/43 | 924,053 | ||||
1,911,435 | ||||||||
Pharmaceuticals – 0.5% | ||||||||
500,000 | Astrazeneca Finance LLC | 1.75% | 05/28/28 | 428,282 | ||||
1,000,000 | Astrazeneca Finance LLC | 2.25% | 05/28/31 | 806,318 | ||||
2,347,000 | Zoetis, Inc. | 5.40% | 11/14/25 | 2,337,566 | ||||
1,000,000 | Zoetis, Inc. | 5.60% | 11/16/32 | 996,110 | ||||
4,568,276 | ||||||||
Semiconductors & Semiconductor Equipment – 0.4% | ||||||||
500,000 | Broadcom, Inc. (b) | 1.95% | 02/15/28 | 426,589 | ||||
500,000 | Broadcom, Inc. (b) | 2.45% | 02/15/31 | 391,028 | ||||
250,000 | Broadcom, Inc. | 4.30% | 11/15/32 | 218,189 | ||||
250,000 | Broadcom, Inc. (b) | 2.60% | 02/15/33 | 186,534 |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Semiconductors & Semiconductor Equipment (Continued) | ||||||||
$383,000 | Broadcom, Inc. (b) | 3.42% | 04/15/33 | $306,499 | ||||
500,000 | Broadcom, Inc. (b) | 3.47% | 04/15/34 | 392,909 | ||||
642,000 | Broadcom, Inc. (b) | 4.93% | 05/15/37 | 553,684 | ||||
500,000 | Broadcom, Inc. (b) | 3.50% | 02/15/41 | 347,781 | ||||
500,000 | Broadcom, Inc. (b) | 3.75% | 02/15/51 | 334,599 | ||||
3,157,812 | ||||||||
Software – 2.0% | ||||||||
1,500,000 | Oracle Corp. | 2.50% | 04/01/25 | 1,428,480 | ||||
787,000 | Oracle Corp. | 5.80% | 11/10/25 | 790,125 | ||||
1,000,000 | Oracle Corp. | 4.50% | 05/06/28 | 953,636 | ||||
750,000 | Oracle Corp. | 6.15% | 11/09/29 | 761,740 | ||||
1,500,000 | Oracle Corp. | 4.65% | 05/06/30 | 1,403,551 | ||||
2,500,000 | Oracle Corp. | 6.25% | 11/09/32 | 2,532,246 | ||||
500,000 | Oracle Corp. | 4.90% | 02/06/33 | 461,077 | ||||
500,000 | Oracle Corp. | 6.50% | 04/15/38 | 504,141 | ||||
1,900,000 | Oracle Corp. | 5.38% | 07/15/40 | 1,686,959 | ||||
500,000 | Oracle Corp. | 3.65% | 03/25/41 | 357,056 | ||||
500,000 | Oracle Corp. | 3.60% | 04/01/50 | 323,717 | ||||
500,000 | Oracle Corp. | 3.95% | 03/25/51 | 343,112 | ||||
2,000,000 | Oracle Corp. | 6.90% | 11/09/52 | 2,062,289 | ||||
1,000,000 | Oracle Corp. | 5.55% | 02/06/53 | 876,881 | ||||
1,250,000 | Salesforce, Inc. | 2.70% | 07/15/41 | 847,354 | ||||
500,000 | VMware, Inc. | 1.40% | 08/15/26 | 441,226 | ||||
500,000 | VMware, Inc. | 1.80% | 08/15/28 | 415,302 | ||||
1,000,000 | VMware, Inc. | 2.20% | 08/15/31 | 755,034 | ||||
16,943,926 | ||||||||
Specialized REITs – 0.1% | ||||||||
500,000 | Crown Castle, Inc. | 1.05% | 07/15/26 | 439,054 | ||||
500,000 | Crown Castle, Inc. | 2.10% | 04/01/31 | 381,840 | ||||
820,894 | ||||||||
Specialty Retail – 0.4% | ||||||||
1,462,000 | AutoZone, Inc. | 4.50% | 02/01/28 | 1,403,007 | ||||
2,000,000 | AutoZone, Inc. | 4.75% | 02/01/33 | 1,820,224 | ||||
3,223,231 | ||||||||
Trading Companies & Distributors – 0.1% | ||||||||
1,000,000 | Ashtead Capital, Inc. (b) | 5.95% | 10/15/33 | 950,406 | ||||
Wireless Telecommunication Services – 1.5% | ||||||||
2,500,000 | T-Mobile USA, Inc. | 3.50% | 04/15/25 | 2,412,892 | ||||
1,000,000 | T-Mobile USA, Inc. | 1.50% | 02/15/26 | 907,062 | ||||
500,000 | T-Mobile USA, Inc. | 3.75% | 04/15/27 | 467,378 | ||||
2,000,000 | T-Mobile USA, Inc. | 4.75% | 02/01/28 | 1,919,015 | ||||
750,000 | T-Mobile USA, Inc. | 2.05% | 02/15/28 | 645,271 | ||||
750,000 | T-Mobile USA, Inc. | 2.55% | 02/15/31 | 597,066 | ||||
500,000 | T-Mobile USA, Inc. | 2.25% | 11/15/31 | 381,239 | ||||
1,500,000 | T-Mobile USA, Inc. | 5.20% | 01/15/33 | 1,416,601 | ||||
1,500,000 | T-Mobile USA, Inc. | 3.00% | 02/15/41 | 994,633 | ||||
1,000,000 | T-Mobile USA, Inc. | 3.30% | 02/15/51 | 626,286 | ||||
1,500,000 | T-Mobile USA, Inc. | 5.65% | 01/15/53 | 1,371,283 |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (Continued) | ||||||||
Wireless Telecommunication Services (Continued) | ||||||||
$1,000,000 | T-Mobile USA, Inc. | 5.80% | 09/15/62 | $913,343 | ||||
12,652,069 | ||||||||
Total Corporate Bonds and Notes | 396,461,123 | |||||||
(Cost $451,290,322) | ||||||||
FOREIGN CORPORATE BONDS AND NOTES – 4.9% | ||||||||
Banks – 1.9% | ||||||||
1,500,000 | Barclays PLC (a) | 1.01% | 12/10/24 | 1,483,763 | ||||
2,500,000 | Barclays PLC (a) | 6.50% | 09/13/27 | 2,494,372 | ||||
3,250,000 | Toronto-Dominion (The) Bank | 5.10% | 01/09/26 | 3,207,929 | ||||
3,000,000 | Toronto-Dominion (The) Bank | 5.53% | 07/17/26 | 2,979,069 | ||||
3,250,000 | Toronto-Dominion (The) Bank | 5.16% | 01/10/28 | 3,173,887 | ||||
3,000,000 | Toronto-Dominion (The) Bank | 5.52% | 07/17/28 | 2,962,776 | ||||
16,301,796 | ||||||||
Biotechnology – 0.1% | ||||||||
500,000 | CSL Finance PLC (b) | 4.75% | 04/27/52 | 423,634 | ||||
Capital Markets – 0.4% | ||||||||
1,000,000 | UBS AG/London | 5.80% | 09/11/25 | 996,465 | ||||
250,000 | UBS AG/London | 5.65% | 09/11/28 | 245,958 | ||||
500,000 | UBS Group AG (a) (b) | 1.36% | 01/30/27 | 444,436 | ||||
1,250,000 | UBS Group AG (a) (b) | 1.49% | 08/10/27 | 1,091,525 | ||||
1,000,000 | UBS Group AG (a) (b) | 2.10% | 02/11/32 | 740,465 | ||||
3,518,849 | ||||||||
Commercial Services & Supplies – 0.1% | ||||||||
1,000,000 | Waste Connections, Inc. | 3.20% | 06/01/32 | 830,291 | ||||
Ground Transportation – 0.0% | ||||||||
500,000 | Canadian Pacific Railway Co. | 3.10% | 12/02/51 | 313,188 | ||||
Oil, Gas & Consumable Fuels – 0.2% | ||||||||
500,000 | Canadian Natural Resources Ltd. | 6.25% | 03/15/38 | 484,854 | ||||
1,000,000 | Enbridge, Inc. | 1.60% | 10/04/26 | 889,433 | ||||
1,374,287 | ||||||||
Pharmaceuticals – 2.2% | ||||||||
1,000,000 | AstraZeneca PLC | 3.00% | 05/28/51 | 654,849 | ||||
5,000,000 | Pfizer Investment Enterprises Pte. Ltd. | 4.65% | 05/19/25 | 4,932,729 | ||||
5,000,000 | Pfizer Investment Enterprises Pte. Ltd. | 4.45% | 05/19/26 | 4,885,528 | ||||
3,000,000 | Pfizer Investment Enterprises Pte. Ltd. | 4.45% | 05/19/28 | 2,893,525 | ||||
2,000,000 | Pfizer Investment Enterprises Pte. Ltd. | 4.75% | 05/19/33 | 1,891,357 | ||||
2,000,000 | Pfizer Investment Enterprises Pte. Ltd. | 5.11% | 05/19/43 | 1,837,889 | ||||
1,000,000 | Pfizer Investment Enterprises Pte. Ltd. | 5.30% | 05/19/53 | 929,892 | ||||
1,000,000 | Pfizer Investment Enterprises Pte. Ltd. | 5.34% | 05/19/63 | 914,316 | ||||
18,940,085 | ||||||||
Total Foreign Corporate Bonds and Notes | 41,702,130 | |||||||
(Cost $44,044,092) | ||||||||
U.S. GOVERNMENT BONDS AND NOTES – 2.8% | ||||||||
3,034,000 | U.S. Treasury Bond | 4.38% | 08/15/43 | 2,831,101 | ||||
425,000 | U.S. Treasury Bond | 1.25% | 05/15/50 | 200,622 | ||||
4,470,000 | U.S. Treasury Bond | 3.63% | 05/15/53 | 3,702,068 | ||||
15,480,000 | U.S. Treasury Note | 4.63% | 09/15/26 | 15,405,019 |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
U.S. GOVERNMENT BONDS AND NOTES (Continued) | ||||||||
$1,135,000 | U.S. Treasury Note | 4.38% | 08/31/28 | $1,123,827 | ||||
520,000 | U.S. Treasury Note | 3.88% | 08/15/33 | 491,400 | ||||
Total U.S. Government Bonds and Notes | 23,754,037 | |||||||
(Cost $23,991,864) |
Shares | Description | Value | ||
COMMON STOCKS – 45.2% | ||||
Aerospace & Defense – 1.0% | ||||
13,190 | General Dynamics Corp. | 2,914,594 | ||
6,164 | Lockheed Martin Corp. | 2,520,830 | ||
6,226 | Northrop Grumman Corp. | 2,740,623 | ||
8,176,047 | ||||
Air Freight & Logistics – 0.6% | ||||
30,077 | CH Robinson Worldwide, Inc. | 2,590,532 | ||
23,427 | Expeditors International of Washington, Inc. | 2,685,437 | ||
5,275,969 | ||||
Banks – 8.0% | ||||
27,880 | BancFirst Corp. | 2,418,032 | ||
70,662 | Bank OZK | 2,619,440 | ||
50,527 | Banner Corp. | 2,141,334 | ||
69,386 | Cathay General Bancorp | 2,411,857 | ||
12,988 | City Holding Co. | 1,173,466 | ||
58,270 | Commerce Bancshares, Inc. | 2,795,795 | ||
60,533 | Community Bank System, Inc. | 2,555,098 | ||
26,391 | Cullen/Frost Bankers, Inc. | 2,407,123 | ||
213,687 | CVB Financial Corp. | 3,540,794 | ||
53,756 | East West Bancorp, Inc. | 2,833,479 | ||
21,391 | Enterprise Financial Services Corp. | 802,163 | ||
39,342 | FB Financial Corp. | 1,115,739 | ||
232,222 | First BanCorp | 3,125,708 | ||
132,568 | First Commonwealth Financial Corp. | 1,618,655 | ||
99,605 | First Financial Bankshares, Inc. | 2,502,078 | ||
24,648 | Heartland Financial USA, Inc. | 725,391 | ||
65,391 | Hilltop Holdings, Inc. | 1,854,489 | ||
124,463 | Home BancShares, Inc. | 2,606,255 | ||
59,405 | International Bancshares Corp. | 2,574,613 | ||
19,572 | Lakeland Financial Corp. | 928,887 | ||
23,602 | NBT Bancorp, Inc. | 747,947 | ||
228,354 | Northwest Bancshares, Inc. | 2,336,061 | ||
28,167 | OFG Bancorp | 841,067 | ||
11,919 | Park National Corp. | 1,126,584 | ||
46,890 | Popular, Inc. | 2,954,539 | ||
50,243 | Prosperity Bancshares, Inc. | 2,742,263 | ||
159,246 | Regions Financial Corp. | 2,739,031 | ||
69,349 | ServisFirst Bancshares, Inc. | 3,617,937 | ||
54,522 | Towne Bank | 1,250,189 | ||
46,597 | UMB Financial Corp. | 2,891,344 | ||
13,504 | Westamerica BanCorp | 584,048 | ||
105,650 | Zions Bancorp N.A. | 3,686,129 | ||
68,267,535 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Biotechnology – 0.4% | ||||
12,782 | Amgen, Inc. | $3,435,290 | ||
Building Products – 0.4% | ||||
21,746 | Owens Corning | 2,966,372 | ||
Capital Markets – 3.7% | ||||
8,543 | Ameriprise Financial, Inc. | 2,816,456 | ||
4,106 | BlackRock, Inc. | 2,654,488 | ||
15,316 | CME Group, Inc. | 3,066,569 | ||
22,961 | Evercore, Inc., Class A | 3,165,863 | ||
28,866 | Houlihan Lokey, Inc. | 3,092,126 | ||
56,926 | Nasdaq, Inc. | 2,766,034 | ||
37,704 | PJT Partners, Inc., Class A | 2,995,206 | ||
27,346 | Raymond James Financial, Inc. | 2,746,359 | ||
47,598 | SEI Investments Co. | 2,866,828 | ||
47,558 | Stifel Financial Corp. | 2,921,963 | ||
25,332 | T. Rowe Price Group, Inc. | 2,656,567 | ||
31,748,459 | ||||
Chemicals – 0.7% | ||||
27,197 | FMC Corp. | 1,821,383 | ||
7,057 | NewMarket Corp. | 3,211,217 | ||
16,244 | Stepan Co. | 1,217,813 | ||
6,250,413 | ||||
Commercial Services & Supplies – 0.6% | ||||
5,709 | Cintas Corp. | 2,746,086 | ||
66,257 | Rollins, Inc. | 2,473,374 | ||
5,219,460 | ||||
Construction & Engineering – 0.4% | ||||
15,357 | EMCOR Group, Inc. | 3,230,959 | ||
Consumer Staples Distribution & Retail – 0.9% | ||||
11,636 | Casey’s General Stores, Inc. | 3,159,407 | ||
16,715 | Dollar General Corp. | 1,768,447 | ||
60,378 | Kroger (The) Co. | 2,701,915 | ||
7,629,769 | ||||
Containers & Packaging – 0.4% | ||||
21,472 | Packaging Corp. of America | 3,297,026 | ||
Diversified Telecommunication Services – 0.3% | ||||
76,304 | Verizon Communications, Inc. | 2,473,013 | ||
Electrical Equipment – 0.3% | ||||
17,530 | AMETEK, Inc. | 2,590,233 | ||
Electronic Equipment, Instruments & Components – 0.3% | ||||
33,405 | Amphenol Corp., Class A | 2,805,686 | ||
Financial Services – 1.3% | ||||
60,636 | Essent Group Ltd. | 2,867,476 | ||
179,719 | MGIC Investment Corp. | 2,999,510 | ||
112,253 | Radian Group, Inc. | 2,818,673 | ||
11,949 | Visa, Inc., Class A | 2,748,390 | ||
11,434,049 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Food Products – 1.9% | ||||
37,556 | Archer-Daniels-Midland Co. | $2,832,474 | ||
30,077 | Bunge Ltd. | 3,255,835 | ||
84,156 | Conagra Brands, Inc. | 2,307,558 | ||
36,999 | General Mills, Inc. | 2,367,566 | ||
11,365 | Hershey (The) Co. | 2,273,909 | ||
55,599 | Tyson Foods, Inc., Class A | 2,807,193 | ||
15,844,535 | ||||
Gas Utilities – 0.3% | ||||
55,252 | National Fuel Gas Co. | 2,868,131 | ||
Ground Transportation – 1.7% | ||||
15,676 | JB Hunt Transport Services, Inc. | 2,955,240 | ||
51,076 | Knight-Swift Transportation Holdings, Inc. | 2,561,461 | ||
14,738 | Landstar System, Inc. | 2,607,742 | ||
55,204 | Marten Transport Ltd. | 1,088,071 | ||
7,675 | Old Dominion Freight Line, Inc. | 3,140,149 | ||
64,232 | Werner Enterprises, Inc. | 2,501,836 | ||
14,854,499 | ||||
Health Care Equipment & Supplies – 0.3% | ||||
26,030 | Abbott Laboratories | 2,521,006 | ||
Health Care Providers & Services – 1.7% | ||||
5,239 | Chemed Corp. | 2,722,708 | ||
10,113 | Cigna (The) Group | 2,893,026 | ||
6,387 | Elevance Health, Inc. | 2,781,027 | ||
6,346 | Humana, Inc. | 3,087,456 | ||
5,904 | UnitedHealth Group, Inc. | 2,976,738 | ||
14,460,955 | ||||
Hotels, Restaurants & Leisure – 0.3% | ||||
130,471 | Wendy’s (The) Co. | 2,662,913 | ||
Household Durables – 0.9% | ||||
23,320 | DR Horton, Inc. | 2,506,200 | ||
27,210 | Garmin Ltd. | 2,862,492 | ||
22,646 | Lennar Corp., Class A | 2,541,561 | ||
7,910,253 | ||||
Household Products – 0.3% | ||||
18,702 | Procter & Gamble (The) Co. | 2,727,874 | ||
Industrial Conglomerates – 0.3% | ||||
28,352 | 3M Co. | 2,654,314 | ||
Insurance – 4.0% | ||||
40,656 | Aflac, Inc. | 3,120,348 | ||
25,241 | AMERISAFE, Inc. | 1,263,817 | ||
13,512 | Erie Indemnity Co., Class A | 3,969,690 | ||
78,826 | Fidelity National Financial, Inc. | 3,255,514 | ||
25,887 | Globe Life, Inc. | 2,814,694 | ||
39,402 | Hartford Financial Services Group (The), Inc. | 2,793,996 | ||
112,744 | Old Republic International Corp. | 3,037,323 | ||
37,418 | Principal Financial Group, Inc. | 2,696,715 | ||
20,794 | RLI Corp. | 2,825,697 | ||
29,576 | Selective Insurance Group, Inc. | 3,051,356 | ||
16,341 | Travelers (The) Cos., Inc. | 2,668,649 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Insurance (Continued) | ||||
47,645 | W.R. Berkley Corp. | $3,024,981 | ||
34,522,780 | ||||
IT Services – 0.7% | ||||
9,196 | Accenture PLC, Class A | 2,824,184 | ||
43,471 | Cognizant Technology Solutions Corp., Class A | 2,944,725 | ||
5,768,909 | ||||
Life Sciences Tools & Services – 0.7% | ||||
11,824 | Danaher Corp. | 2,933,534 | ||
5,439 | Thermo Fisher Scientific, Inc. | 2,753,059 | ||
5,686,593 | ||||
Machinery – 4.9% | ||||
21,593 | AGCO Corp. | 2,554,020 | ||
14,026 | Alamo Group, Inc. | 2,424,534 | ||
50,261 | Allison Transmission Holdings, Inc. | 2,968,415 | ||
11,575 | Cummins, Inc. | 2,644,424 | ||
7,004 | Deere & Co. | 2,643,170 | ||
45,397 | Donaldson Co., Inc. | 2,707,477 | ||
27,577 | Franklin Electric Co., Inc. | 2,460,696 | ||
32,864 | Graco, Inc. | 2,395,128 | ||
13,183 | IDEX Corp. | 2,742,328 | ||
30,445 | ITT, Inc. | 2,980,870 | ||
32,513 | Mueller Industries, Inc. | 2,443,677 | ||
11,434 | Nordson Corp. | 2,551,726 | ||
33,924 | PACCAR, Inc. | 2,884,218 | ||
9,847 | Snap-on, Inc. | 2,511,576 | ||
27,917 | Toro (The) Co. | 2,319,903 | ||
15,445 | Watts Water Technologies, Inc., Class A | 2,669,205 | ||
41,901,367 | ||||
Media – 0.3% | ||||
174,739 | TEGNA, Inc. | 2,545,947 | ||
Metals & Mining – 0.3% | ||||
10,449 | Reliance Steel & Aluminum Co. | 2,740,041 | ||
Oil, Gas & Consumable Fuels – 1.1% | ||||
112,165 | Coterra Energy, Inc. | 3,034,063 | ||
24,797 | EOG Resources, Inc. | 3,143,268 | ||
13,697 | Pioneer Natural Resources Co. | 3,144,146 | ||
9,321,477 | ||||
Pharmaceuticals – 0.9% | ||||
17,145 | Johnson & Johnson | 2,670,334 | ||
77,366 | Pfizer, Inc. | 2,566,230 | ||
16,479 | Zoetis, Inc. | 2,867,016 | ||
8,103,580 | ||||
Professional Services – 1.4% | ||||
12,911 | Automatic Data Processing, Inc. | 3,106,128 | ||
75,533 | Genpact Ltd. | 2,734,295 | ||
13,337 | Kforce, Inc. | 795,686 | ||
25,367 | Paychex, Inc. | 2,925,576 | ||
37,726 | Robert Half, Inc. | 2,764,561 | ||
12,326,246 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Semiconductors & Semiconductor Equipment – 0.6% | ||||
25,637 | Skyworks Solutions, Inc. | $2,527,552 | ||
15,764 | Texas Instruments, Inc. | 2,506,634 | ||
5,034,186 | ||||
Software – 0.3% | ||||
8,333 | Microsoft Corp. | 2,631,145 | ||
Specialized REITs – 0.3% | ||||
9,722 | Public Storage | 2,561,941 | ||
Specialty Retail – 1.6% | ||||
34,628 | Best Buy Co., Inc. | 2,405,607 | ||
21,467 | Dick’s Sporting Goods, Inc. | 2,330,887 | ||
9,135 | Home Depot (The), Inc. | 2,760,231 | ||
12,834 | Tractor Supply Co. | 2,605,944 | ||
22,677 | Williams-Sonoma, Inc. | 3,524,006 | ||
13,626,675 | ||||
Textiles, Apparel & Luxury Goods – 0.3% | ||||
28,833 | Oxford Industries, Inc. | 2,771,716 | ||
Trading Companies & Distributors – 0.8% | ||||
31,409 | Boise Cascade Co. | 3,236,383 | ||
48,105 | Fastenal Co. | 2,628,457 | ||
28,432 | Rush Enterprises, Inc., Class A | 1,160,879 | ||
7,025,719 | ||||
Total Common Stocks | 387,873,082 | |||
(Cost $370,534,154) |
Total Investments – 99.1% | 849,790,372 | |||
(Cost $889,860,432) |
Net Other Assets and Liabilities – 0.9% |
8,006,707 | ||
Net Assets – 100.0% |
$857,797,079 |
(a) | Fixed-to-floating or fixed-to-variable rate security. The interest rate shown reflects the fixed rate in effect at September 30, 2023. At a predetermined date, the fixed rate will change to a floating rate or a variable rate. |
(b) | This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended, and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P., the Fund’s advisor. Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined based on security specific factors and assumptions, which require subjective judgment. At September 30, 2023, securities noted as such amounted to $24,956,780 or 2.9% of net assets. |
Total Value at 9/30/2023 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Corporate Bonds and Notes* | $ 396,461,123 | $ — | $ 396,461,123 | $ — |
Foreign Corporate Bonds and Notes* | 41,702,130 | — | 41,702,130 | — |
U.S. Government Bonds and Notes | 23,754,037 | — | 23,754,037 | — |
Common Stocks* | 387,873,082 | 387,873,082 | — | — |
Total Investments | $ 849,790,372 | $ 387,873,082 | $ 461,917,290 | $— |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 32.3% | ||||
Aerospace & Defense – 0.3% | ||||
244 | Northrop Grumman Corp. | $107,406 | ||
Banks – 0.5% | ||||
1,308 | JPMorgan Chase & Co. | 189,686 | ||
Beverages – 0.3% | ||||
553 | PepsiCo, Inc. | 93,700 | ||
Capital Markets – 0.3% | ||||
931 | Intercontinental Exchange, Inc. | 102,429 | ||
Chemicals – 0.2% | ||||
2,127 | Mosaic (The) Co. | 75,721 | ||
Communications Equipment – 0.3% | ||||
1,803 | Cisco Systems, Inc. | 96,929 | ||
Construction & Engineering – 0.1% | ||||
255 | Quanta Services, Inc. | 47,703 | ||
Consumer Finance – 0.3% | ||||
668 | American Express Co. | 99,659 | ||
Consumer Staples Distribution & Retail – 0.5% | ||||
635 | Target Corp. | 70,212 | ||
768 | Walmart, Inc. | 122,826 | ||
193,038 | ||||
Containers & Packaging – 0.2% | ||||
397 | Packaging Corp. of America | 60,959 | ||
Distributors – 0.3% | ||||
250 | Pool Corp. | 89,025 | ||
Electric Utilities – 1.9% | ||||
1,257 | Alliant Energy Corp. | 60,902 | ||
1,449 | American Electric Power Co., Inc. | 108,994 | ||
281 | Duke Energy Corp. | 24,801 | ||
3,953 | Enel S.p.A., ADR | 24,074 | ||
134 | Entergy Corp. | 12,395 | ||
445 | Evergy, Inc. | 22,561 | ||
803 | Eversource Energy | 46,694 | ||
321 | Exelon Corp. | 12,131 | ||
546 | Iberdrola S.A., ADR | 24,428 | ||
397 | IDACORP, Inc. | 37,179 | ||
1,949 | NextEra Energy, Inc. | 111,658 | ||
3,951 | PPL Corp. | 93,086 | ||
750 | Southern (The) Co. | 48,540 | ||
651 | Xcel Energy, Inc. | 37,250 | ||
664,693 | ||||
Electrical Equipment – 0.2% | ||||
328 | Eaton Corp PLC | 69,956 | ||
Energy Equipment & Services – 0.6% | ||||
5,032 | Archrock, Inc. | 63,403 | ||
3,614 | Halliburton Co. | 146,367 | ||
209,770 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Financial Services – 0.4% | ||||
612 | Visa, Inc., Class A | $140,766 | ||
Gas Utilities – 0.9% | ||||
2,031 | AltaGas Ltd. (CAD) | 38,953 | ||
663 | Atmos Energy Corp. | 70,231 | ||
2,974 | National Fuel Gas Co. | 154,380 | ||
297 | New Jersey Resources Corp. | 12,067 | ||
681 | ONE Gas, Inc. | 46,499 | ||
322,130 | ||||
Ground Transportation – 0.2% | ||||
396 | Union Pacific Corp. | 80,637 | ||
Health Care Equipment & Supplies – 0.2% | ||||
783 | Abbott Laboratories | 75,834 | ||
Health Care Providers & Services – 1.1% | ||||
838 | Cencora, Inc. | 150,815 | ||
1,343 | CVS Health Corp. | 93,768 | ||
252 | UnitedHealth Group, Inc. | 127,056 | ||
371,639 | ||||
Health Care REITs – 2.5% | ||||
8,389 | CareTrust REIT, Inc. | 171,975 | ||
5,407 | Omega Healthcare Investors, Inc. | 179,296 | ||
13,532 | Sabra Health Care REIT, Inc. | 188,636 | ||
3,837 | Ventas, Inc. | 161,653 | ||
1,998 | Welltower, Inc. | 163,676 | ||
865,236 | ||||
Hotel & Resort REITs – 1.0% | ||||
11,297 | Apple Hospitality REIT, Inc. | 173,296 | ||
10,180 | Host Hotels & Resorts, Inc. | 163,593 | ||
336,889 | ||||
Hotels, Restaurants & Leisure – 0.4% | ||||
505 | Darden Restaurants, Inc. | 72,326 | ||
753 | Starbucks Corp. | 68,726 | ||
141,052 | ||||
Independent Power & Renewable Electricity Producers – 0.4% | ||||
1,965 | AES (The) Corp. | 29,868 | ||
5,465 | Clearway Energy, Inc., Class A | 108,863 | ||
138,731 | ||||
Industrial Conglomerates – 0.1% | ||||
236 | Honeywell International, Inc. | 43,599 | ||
Industrial REITs – 1.4% | ||||
975 | EastGroup Properties, Inc. | 162,367 | ||
1,389 | Prologis, Inc. | 155,860 | ||
4,773 | STAG Industrial, Inc. | 164,716 | ||
482,943 | ||||
Insurance – 0.2% | ||||
420 | Chubb, Ltd. | 87,436 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
IT Services – 0.4% | ||||
456 | Accenture PLC, Class A | $140,042 | ||
Machinery – 0.5% | ||||
425 | Caterpillar, Inc. | 116,025 | ||
178 | Parker-Hannifin Corp. | 69,335 | ||
185,360 | ||||
Media – 0.2% | ||||
1,789 | Comcast Corp., Class A | 79,324 | ||
Multi-Utilities – 1.4% | ||||
1,862 | Atco Ltd., Class I (CAD) | 47,158 | ||
893 | CenterPoint Energy, Inc. | 23,977 | ||
673 | CMS Energy Corp. | 35,743 | ||
2,923 | Public Service Enterprise Group, Inc. | 166,348 | ||
2,504 | Sempra | 170,347 | ||
741 | WEC Energy Group, Inc. | 59,688 | ||
503,261 | ||||
Oil, Gas & Consumable Fuels – 4.4% | ||||
307 | Cheniere Energy, Inc. | 50,950 | ||
1,166 | ConocoPhillips | 139,687 | ||
4,542 | DT Midstream, Inc. | 240,362 | ||
1,417 | Enbridge, Inc. | 47,030 | ||
1,344 | Hess Corp. | 205,632 | ||
5,813 | Keyera Corp. (CAD) | 136,482 | ||
8,819 | Kinder Morgan, Inc. | 146,219 | ||
4,974 | ONEOK, Inc. | 315,501 | ||
1,856 | Targa Resources Corp. | 159,096 | ||
1,415 | TC Energy Corp. | 48,690 | ||
1,465 | Williams (The) Cos., Inc. | 49,356 | ||
1,539,005 | ||||
Pharmaceuticals – 1.1% | ||||
1,511 | AstraZeneca PLC, ADR | 102,325 | ||
564 | Johnson & Johnson | 87,843 | ||
932 | Merck & Co., Inc. | 95,949 | ||
2,671 | Pfizer, Inc. | 88,597 | ||
374,714 | ||||
Professional Services – 0.3% | ||||
779 | Jacobs Solutions, Inc. | 106,334 | ||
Residential REITs – 1.7% | ||||
923 | AvalonBay Communities, Inc. | 158,516 | ||
1,584 | Camden Property Trust | 149,815 | ||
4,912 | Invitation Homes, Inc. | 155,661 | ||
1,175 | Mid-America Apartment Communities, Inc. | 151,164 | ||
615,156 | ||||
Retail REITs – 1.7% | ||||
8,450 | Kimco Realty Corp. | 148,636 | ||
7,155 | Kite Realty Group Trust | 153,260 | ||
2,874 | Realty Income Corp. | 143,528 | ||
1,446 | Simon Property Group, Inc. | 156,211 | ||
601,635 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Semiconductors & Semiconductor Equipment – 0.6% | ||||
145 | Broadcom, Inc. | $120,434 | ||
972 | Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 84,467 | ||
204,901 | ||||
Software – 1.5% | ||||
279 | Intuit, Inc. | 142,552 | ||
548 | Microsoft Corp. | 173,031 | ||
1,389 | Oracle Corp. | 147,123 | ||
650 | SAP SE, ADR | 84,058 | ||
546,764 | ||||
Specialized REITs – 3.1% | ||||
926 | American Tower Corp. | 152,281 | ||
4,094 | CubeSmart | 156,104 | ||
222 | Equinix, Inc. | 161,230 | ||
3,554 | Gaming and Leisure Properties, Inc. | 161,884 | ||
598 | Public Storage | 157,585 | ||
5,467 | VICI Properties, Inc. | 159,090 | ||
5,121 | Weyerhaeuser Co. | 157,010 | ||
1,105,184 | ||||
Specialty Retail – 0.4% | ||||
1,695 | TJX (The) Cos., Inc. | 150,652 | ||
Technology Hardware, Storage & Peripherals – 0.2% | ||||
392 | Apple, Inc. | 67,114 | ||
Total Common Stocks | 11,407,012 | |||
(Cost $11,245,097) | ||||
MASTER LIMITED PARTNERSHIPS – 5.2% | ||||
Chemicals – 0.2% | ||||
3,369 | Westlake Chemical Partners, L.P. | 73,276 | ||
Independent Power & Renewable Electricity Producers – 0.3% | ||||
3,484 | NextEra Energy Partners, L.P. (a) | 103,475 | ||
Oil, Gas & Consumable Fuels – 4.7% | ||||
3,098 | Cheniere Energy Partners, L.P. | 167,880 | ||
26,023 | Energy Transfer, L.P. | 365,103 | ||
17,567 | Enterprise Products Partners, L.P. | 480,809 | ||
5,849 | Hess Midstream, L.P., Class A (a) | 170,381 | ||
2,422 | Holly Energy Partners, L.P. | 53,187 | ||
4,818 | MPLX, L.P. | 171,376 | ||
14,815 | Plains GP Holdings, L.P., Class A | 238,818 | ||
1,647,554 | ||||
Total Master Limited Partnerships | 1,824,305 | |||
(Cost $1,490,265) |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
U.S. GOVERNMENT BONDS AND NOTES – 8.8% | ||||||||
$82,212 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 10/15/24 | 79,707 | ||||
161,329 | U.S. Treasury Inflation Indexed Bond (b) | 0.25% | 01/15/25 | 155,190 | ||||
8,109 | U.S. Treasury Inflation Indexed Bond (b) | 2.38% | 01/15/25 | 8,012 | ||||
91,127 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 04/15/25 | 86,942 |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
U.S. GOVERNMENT BONDS AND NOTES (Continued) | ||||||||
$108,280 | U.S. Treasury Inflation Indexed Bond (b) | 0.38% | 07/15/25 | $103,678 | ||||
83,648 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 10/15/25 | 79,276 | ||||
111,927 | U.S. Treasury Inflation Indexed Bond (b) | 0.63% | 01/15/26 | 106,425 | ||||
54,676 | U.S. Treasury Inflation Indexed Bond (b) | 2.00% | 01/15/26 | 53,612 | ||||
90,921 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 04/15/26 | 84,961 | ||||
91,821 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 07/15/26 | 85,844 | ||||
82,783 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 10/15/26 | 77,002 | ||||
110,098 | U.S. Treasury Inflation Indexed Bond (b) | 0.38% | 01/15/27 | 102,438 | ||||
33,348 | U.S. Treasury Inflation Indexed Bond (b) | 2.38% | 01/15/27 | 33,104 | ||||
83,366 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 04/15/27 | 76,551 | ||||
88,726 | U.S. Treasury Inflation Indexed Bond (b) | 0.38% | 07/15/27 | 82,302 | ||||
80,491 | U.S. Treasury Inflation Indexed Bond (b) | 1.63% | 10/15/27 | 78,174 | ||||
96,665 | U.S. Treasury Inflation Indexed Bond (b) | 0.50% | 01/15/28 | 89,125 | ||||
42,316 | U.S. Treasury Inflation Indexed Bond (b) | 1.75% | 01/15/28 | 41,115 | ||||
79,493 | U.S. Treasury Inflation Indexed Bond (b) | 1.25% | 04/15/28 | 75,608 | ||||
45,360 | U.S. Treasury Inflation Indexed Bond (b) | 3.63% | 04/15/28 | 47,677 | ||||
102,296 | U.S. Treasury Inflation Indexed Bond (b) | 0.75% | 07/15/28 | 95,228 | ||||
85,956 | U.S. Treasury Inflation Indexed Bond (b) | 0.88% | 01/15/29 | 79,786 | ||||
39,867 | U.S. Treasury Inflation Indexed Bond (b) | 2.50% | 01/15/29 | 40,151 | ||||
57,645 | U.S. Treasury Inflation Indexed Bond (b) | 3.88% | 04/15/29 | 62,086 | ||||
105,166 | U.S. Treasury Inflation Indexed Bond (b) | 0.25% | 07/15/29 | 93,738 | ||||
95,052 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 01/15/30 | 82,902 | ||||
100,151 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 07/15/30 | 86,838 | ||||
98,642 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 01/15/31 | 84,405 | ||||
103,790 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 07/15/31 | 88,183 | ||||
111,380 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 01/15/32 | 93,381 | ||||
13,778 | U.S. Treasury Inflation Indexed Bond (b) | 3.38% | 04/15/32 | 14,857 | ||||
101,003 | U.S. Treasury Inflation Indexed Bond (b) | 0.63% | 07/15/32 | 88,073 | ||||
99,545 | U.S. Treasury Inflation Indexed Bond (b) | 1.13% | 01/15/33 | 89,969 | ||||
62,405 | U.S. Treasury Inflation Indexed Bond (b) | 1.38% | 07/15/33 | 57,749 | ||||
41,015 | U.S. Treasury Inflation Indexed Bond (b) | 2.13% | 02/15/40 | 39,793 | ||||
65,328 | U.S. Treasury Inflation Indexed Bond (b) | 2.13% | 02/15/41 | 63,257 | ||||
60,608 | U.S. Treasury Inflation Indexed Bond (b) | 0.75% | 02/15/42 | 45,961 | ||||
59,301 | U.S. Treasury Inflation Indexed Bond (b) | 0.63% | 02/15/43 | 43,158 | ||||
58,762 | U.S. Treasury Inflation Indexed Bond (b) | 1.38% | 02/15/44 | 49,193 | ||||
57,508 | U.S. Treasury Inflation Indexed Bond (b) | 0.75% | 02/15/45 | 41,857 | ||||
51,606 | U.S. Treasury Inflation Indexed Bond (b) | 1.00% | 02/15/46 | 39,229 | ||||
45,589 | U.S. Treasury Inflation Indexed Bond (b) | 0.88% | 02/15/47 | 33,288 | ||||
45,867 | U.S. Treasury Inflation Indexed Bond (b) | 1.00% | 02/15/48 | 34,171 | ||||
36,445 | U.S. Treasury Inflation Indexed Bond (b) | 1.00% | 02/15/49 | 26,940 | ||||
36,860 | U.S. Treasury Inflation Indexed Bond (b) | 0.25% | 02/15/50 | 21,739 | ||||
41,095 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 02/15/51 | 22,923 | ||||
41,729 | U.S. Treasury Inflation Indexed Bond (b) | 0.13% | 02/15/52 | 22,961 | ||||
40,107 | U.S. Treasury Inflation Indexed Bond (b) | 1.50% | 02/15/53 | 33,219 | ||||
Total U.S. Government Bonds and Notes | 3,121,778 | |||||||
(Cost $3,510,150) | ||||||||
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES – 0.8% | ||||||||
Collateralized Mortgage Obligations – 0.5% | ||||||||
Fannie Mae REMICS | ||||||||
427 | Series 1999-56, Class Z | 7.00% | 12/01/29 | 431 | ||||
510 | Series 2002-67, Class PE | 5.50% | 11/01/32 | 504 | ||||
2,340 | Series 2002-90, Class A1 | 6.50% | 06/01/42 | 2,374 | ||||
692 | Series 2003-14, Class AQ | 3.50% | 03/01/33 | 663 | ||||
681 | Series 2003-41, Class OA | 4.00% | 05/01/33 | 663 | ||||
16,556 | Series 2004-10, Class ZB | 6.00% | 02/01/34 | 16,456 |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued) | ||||||||
Collateralized Mortgage Obligations (Continued) | ||||||||
Fannie Mae REMICS (Continued) | ||||||||
$5,887 | Series 2005-79, Class NF, 1 Mo. SOFR + 0.52% (c) | 5.84% | 09/25/35 | $5,774 | ||||
8,527 | Series 2007-10, Class Z | 6.00% | 02/01/37 | 8,473 | ||||
555 | Series 2012-35, Class PL | 2.00% | 11/01/41 | 497 | ||||
212 | Series 2013-14, Class QE | 1.75% | 03/01/43 | 174 | ||||
8,000 | Series 2013-31, Class NT | 3.00% | 04/01/43 | 7,115 | ||||
FHLMC-GNMA | ||||||||
8 | Series 1994-27, Class D | 7.00% | 03/01/24 | 8 | ||||
Freddie Mac REMICS | ||||||||
50 | Series 1994-1673, Class FB, 10 Yr. Constant Maturity Treasury Rate - 0.50% (c) | 3.75% | 02/01/24 | 50 | ||||
9 | Series 1996-1847, Class LL | 7.50% | 04/01/26 | 9 | ||||
974 | Series 1999-2130, Class KB | 6.38% | 03/01/29 | 976 | ||||
14,550 | Series 1999-2174, Class PN | 6.00% | 07/01/29 | 14,433 | ||||
2,107 | Series 2001-2277, Class B | 7.50% | 01/01/31 | 2,223 | ||||
13,447 | Series 2004-2768, Class PW | 4.25% | 03/01/34 | 12,741 | ||||
2,000 | Series 2004-2778, Class MM | 5.25% | 04/01/34 | 1,966 | ||||
8,319 | Series 2010-3775, Class KZ | 4.00% | 08/01/25 | 7,889 | ||||
24,537 | Series 2013-4178, Class ZN | 3.50% | 03/01/43 | 17,565 | ||||
Government National Mortgage Association | ||||||||
32,242 | Series 2007-35, Class NE | 6.00% | 06/01/37 | 32,361 | ||||
49,000 | Series 2009-61, Class QE | 5.50% | 08/01/39 | 47,840 | ||||
2,113 | Series 2011-136, Class GB | 2.50% | 05/01/40 | 2,004 | ||||
183,189 | ||||||||
Pass-through Security – 0.3% | ||||||||
Federal Home Loan Mortgage Corporation | ||||||||
2,738 | Pool C01252 | 6.50% | 11/01/31 | 2,787 | ||||
14,754 | Pool G01731 | 6.50% | 12/01/29 | 14,874 | ||||
10,835 | Pool G06358 | 4.00% | 04/01/41 | 9,942 | ||||
Federal National Mortgage Association | ||||||||
9,208 | Pool AL0791 | 4.00% | 02/01/41 | 8,437 | ||||
14,187 | Pool AU4289 | 4.00% | 09/01/43 | 12,998 | ||||
2,134 | Pool MA0561 | 4.00% | 11/01/40 | 1,955 | ||||
10,304 | Pool MA1028 | 4.00% | 04/01/42 | 9,441 | ||||
Government National Mortgage Association | ||||||||
9,809 | Pool 667422 | 5.00% | 10/01/39 | 9,610 | ||||
5,258 | Pool 706201 | 5.50% | 04/01/39 | 5,173 | ||||
8,360 | Pool 736558 | 5.00% | 02/01/40 | 8,061 | ||||
9,737 | Pool 759248 | 4.00% | 02/01/41 | 8,989 | ||||
92,267 | ||||||||
Total U.S. Government Agency Mortgage-Backed Securities | 275,456 | |||||||
(Cost $309,221) | ||||||||
MORTGAGE-BACKED SECURITIES – 0.0% | ||||||||
Collateralized Mortgage Obligations – 0.0% | ||||||||
Credit Suisse First Boston Mortgage Securities Corp. | ||||||||
299 | Series 2004-6, Class 2A1 | 4.75% | 09/25/19 | 0 | ||||
MASTR Alternative Loan Trust | ||||||||
593 | Series 2004-10, Class 2A1 | 5.50% | 10/01/19 | 554 | ||||
27 | Series 2005-1, Class 5A1 | 5.50% | 01/01/20 | 22 | ||||
MASTR Asset Securitization Trust | ||||||||
4,132 | Series 2004-1, Class 5A4 | 5.50% | 02/01/34 | 3,654 |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
MORTGAGE-BACKED SECURITIES (Continued) | ||||||||
Collateralized Mortgage Obligations (Continued) | ||||||||
Structured Asset Mortgage Investments Trust | ||||||||
$3,307 | Series 1999-1, Class 2A (d) | 3.91% | 06/01/29 | $3,100 | ||||
Total Mortgage-Backed Securities | 7,330 | |||||||
(Cost $8,350) |
Shares | Description | Value | ||
EXCHANGE-TRADED FUNDS – 51.0% | ||||
160,272 | First Trust Institutional Preferred Securities and Income ETF (e) | 2,705,391 | ||
16,675 | First Trust Intermediate Government Opportunities ETF (e) | 323,232 | ||
43,125 | First Trust Limited Duration Investment Grade Corporate ETF (e) | 793,069 | ||
54,489 | First Trust Preferred Securities and Income ETF (e) | 870,189 | ||
102,247 | First Trust Senior Loan ETF (e) | 4,676,778 | ||
71,931 | First Trust Tactical High Yield ETF (e) | 2,821,853 | ||
600 | iShares 20+ Year Treasury Bond ETF | 53,214 | ||
1,000 | iShares 3-7 Year Treasury Bond ETF | 113,160 | ||
15,550 | iShares 7-10 Year Treasury Bond ETF | 1,424,224 | ||
22,582 | iShares iBoxx $ Investment Grade Corporate Bond ETF | 2,303,816 | ||
21,400 | iShares MBS ETF | 1,900,320 | ||
Total Exchange-Traded Funds | 17,985,246 | |||
(Cost $19,638,399) |
Total Investments – 98.1% | 34,621,127 | |||
(Cost $36,201,482) |
Net Other Assets and Liabilities – 1.9% |
653,366 | ||
Net Assets – 100.0% |
$35,274,493 |
(a) | This security is taxed as a “C” corporation for federal income tax purposes. |
(b) | Security whose principal value is adjusted in accordance with changes to the country’s Consumer Price Index. Interest is calculated on the basis of the current adjusted principal value. |
(c) | Floating or variable rate security. |
(d) | Collateral Strip Rate security. Coupon is based on the weighted net interest rate of the investment’s underlying collateral. The interest rate resets periodically. |
(e) | Investment in an affiliated fund. |
Abbreviations throughout the Portfolio of Investments: | |
ADR | American Depositary Receipt |
CAD | Canadian Dollar |
SOFR | Secured Overnight Financing Rate |
Total Value at 9/30/2023 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 11,407,012 | $ 11,407,012 | $ — | $ — |
Master Limited Partnerships* | 1,824,305 | 1,824,305 | — | — |
U.S. Government Bonds and Notes | 3,121,778 | — | 3,121,778 | — |
U.S. Government Agency Mortgage-Backed Securities | 275,456 | — | 275,456 | — |
Mortgage-Backed Securities | 7,330 | — | 7,330 | — |
Exchange-Traded Funds | 17,985,246 | 17,985,246 | — | — |
Total Investments | $ 34,621,127 | $ 31,216,563 | $ 3,404,564 | $— |
* | See Portfolio of Investments for industry breakout. |
Security Name | Shares at 9/30/2023 | Value at 12/31/2022 | Purchases | Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value at 9/30/2023 | Dividend Income | ||||||
First Trust Institutional Preferred Securities and Income ETF | 160,272 | $2,211,272 | $797,668 | $ (162,695) | $ (133,445) | $ (7,409) | $2,705,391 | $123,307 | ||||||
First Trust Intermediate Government Opportunities ETF | 16,675 | — | 329,883 | — | (6,651) | — | 323,232 | 1,101 | ||||||
First Trust Limited Duration Investment Grade Corporate ETF | 43,125 | 975,489 | 186,971 | (358,504) | (10,764) | (123) | 793,069 | 27,316 | ||||||
First Trust Long Duration Opportunities ETF | — | 10,943 | 668,860 | (656,531) | 2,838 | (26,110) | — | 5,180 | ||||||
First Trust Low Duration Opportunities ETF | — | 1,173,397 | 481,109 | (1,662,610) | 68,224 | (60,120) | — | 18,289 | ||||||
First Trust Preferred Securities and Income ETF | 54,489 | 709,162 | 256,688 | (52,874) | (45,715) | 2,928 | 870,189 | 41,618 | ||||||
First Trust Senior Loan ETF | 102,247 | 4,663,534 | 169,545 | (276,802) | 136,129 | (15,628) | 4,676,778 | 269,245 | ||||||
First Trust Tactical High Yield ETF | 71,931 | 2,530,360 | 448,933 | (174,048) | 50,674 | (34,066) | 2,821,853 | 122,343 | ||||||
$12,274,157 | $3,339,657 | $(3,344,064) | $61,290 | $(140,528) | $12,190,512 | $608,399 |
Shares | Description | Value | ||
EXCHANGE-TRADED FUNDS – 98.2% | ||||
Capital Markets – 98.2% | ||||
76,548 | First Trust Consumer Discretionary AlphaDEX® Fund (a) | $3,904,714 | ||
11,231 | First Trust Developed Markets ex-US AlphaDEX® Fund (a) | 564,245 | ||
10,966 | First Trust Dow Jones Global Select Dividend Index Fund (a) | 226,009 | ||
25,220 | First Trust Dow Jones Internet Index Fund (a) (b) | 4,025,364 | ||
26,656 | First Trust Emerging Markets AlphaDEX® Fund (a) | 556,311 | ||
5,040 | First Trust India NIFTY 50 Equal Weight ETF (a) | 245,146 | ||
70,306 | First Trust Industrials/Producer Durables AlphaDEX® Fund (a) | 4,037,674 | ||
4,823 | First Trust Japan AlphaDEX® Fund (a) | 239,896 | ||
46,581 | First Trust Large Cap Growth AlphaDEX® Fund (a) | 4,507,178 | ||
12,197 | First Trust Latin America AlphaDEX® Fund (a) | 223,327 | ||
48,298 | First Trust Mid Cap Core AlphaDEX® Fund (a) | 4,448,246 | ||
99,307 | First Trust Mid Cap Value AlphaDEX® Fund (a) | 4,431,078 | ||
57,942 | First Trust Nasdaq Semiconductor ETF (a) | 3,918,617 | ||
26,652 | First Trust NASDAQ-100-Technology Sector Index Fund (a) | 3,871,736 | ||
3,894 | First Trust Switzerland AlphaDEX® Fund (a) | 224,606 | ||
30,054 | iShares Core U.S. Aggregate Bond ETF | 2,826,278 | ||
38,218 | SPDR Blackstone Senior Loan ETF | 1,602,481 | ||
23,909 | SPDR Bloomberg Convertible Securities ETF | 1,621,030 | ||
59,030 | SPDR Bloomberg International Corporate Bond ETF | 1,601,484 | ||
55,514 | SPDR Bloomberg Investment Grade Floating Rate ETF | 1,705,390 |
Total Investments – 98.2% | 44,780,810 | |||
(Cost $45,929,554) |
Net Other Assets and Liabilities – 1.8% |
803,308 | ||
Net Assets – 100.0% |
$45,584,118 |
(a) | Investment in an affiliated fund. |
(b) | Non-income producing security. |
Total Value at 9/30/2023 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Exchange-Traded Funds* | $ 44,780,810 | $ 44,780,810 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Security Name | Shares at 9/30/2023 | Value at 12/31/2022 | Purchases | Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value at 9/30/2023 | Dividend Income | ||||||
First Trust Brazil AlphaDEX® Fund | — | $477,453 | $ — | $ (476,074) | $26,836 | $ (28,215) | $ — | $ — | ||||||
First Trust Consumer Discretionary AlphaDEX® Fund | 76,548 | — | 4,070,982 | (52,233) | (117,611) | 3,576 | 3,904,714 | 7,598 | ||||||
First Trust Developed Markets ex-US AlphaDEX® Fund | 11,231 | 1,223,034 | 1,752,658 | (2,563,822) | 67,832 | 84,543 | 564,245 | 64,502 | ||||||
First Trust Dow Jones Global Select Dividend Index Fund | 10,966 | — | 1,242,661 | (929,768) | (26,182) | (60,702) | 226,009 | 40,553 | ||||||
First Trust Dow Jones Internet Index Fund | 25,220 | — | 4,068,904 | (32,312) | (12,481) | 1,253 | 4,025,364 | — | ||||||
First Trust Emerging Markets AlphaDEX® Fund | 26,656 | 1,218,079 | 1,829,079 | (2,622,883) | 75,694 | 56,342 | 556,311 | 86,318 | ||||||
First Trust Energy AlphaDEX® Fund | — | 1,158,087 | — | (1,168,814) | 39,303 | (28,576) | — | — | ||||||
First Trust Enhanced Short Maturity ETF | — | 23,181,600 | 297,950 | (23,507,527) | (31,200) | 59,177 | — | 310,243 | ||||||
First Trust Financials AlphaDEX® Fund | — | — | 1,130,430 | (883,056) | — | (247,374) | — | 5,211 | ||||||
First Trust India NIFTY 50 Equal Weight ETF | 5,040 | 467,662 | 799,826 | (1,114,165) | 26,560 | 65,263 | 245,146 | 1,939 | ||||||
First Trust Industrials/Producer Durables AlphaDEX® Fund | 70,306 | 1,150,476 | 2,993,215 | (191,707) | 71,903 | 13,787 | 4,037,674 | 14,851 | ||||||
First Trust Japan AlphaDEX® Fund | 4,823 | 499,924 | 717,403 | (1,129,649) | 26,339 | 125,879 | 239,896 | 15,567 | ||||||
First Trust Large Cap Growth AlphaDEX® Fund | 46,581 | — | 4,583,501 | — | (76,323) | — | 4,507,178 | 9,835 | ||||||
First Trust Latin America AlphaDEX® Fund | 12,197 | 484,687 | 732,606 | (1,119,431) | 42,093 | 83,372 | 223,327 | 36,050 | ||||||
First Trust Materials AlphaDEX® Fund | — | 1,115,644 | 15,719 | (1,165,507) | 39,404 | (5,260) | — | 4,046 | ||||||
First Trust Mid Cap Core AlphaDEX® Fund | 48,298 | 1,272,832 | 3,401,866 | (195,735) | (35,395) | 4,678 | 4,448,246 | 22,608 | ||||||
First Trust Mid Cap Value AlphaDEX® Fund | 99,307 | 1,274,146 | 3,400,431 | (226,690) | (27,697) | 10,888 | 4,431,078 | 39,120 | ||||||
First Trust NASDAQ-100-Technology Sector Index Fund | 26,652 | — | 4,035,646 | — | (163,910) | — | 3,871,736 | 834 | ||||||
First Trust Nasdaq Food & Beverage ETF | — | 1,156,820 | 3,300,362 | (4,167,578) | (10,263) | (279,341) | — | 15,048 | ||||||
First Trust Nasdaq Oil & Gas ETF | — | 1,204,069 | — | (1,097,326) | (25,408) | (81,335) | — | 6,249 | ||||||
First Trust Nasdaq Semiconductor ETF | 57,942 | — | 3,931,399 | (56,311) | 39,510 | 4,019 | 3,918,617 | 12,333 | ||||||
First Trust Small Cap Value AlphaDEX® Fund | — | 1,265,282 | 2,319,463 | (3,489,090) | 44,739 | (140,394) | — | 3,340 | ||||||
First Trust Switzerland AlphaDEX® Fund | 3,894 | 503,524 | 678,941 | (1,026,902) | (29,639) | 98,682 | 224,606 | 25,955 | ||||||
$37,653,319 | $45,303,042 | $ (47,216,580) | $ (55,896) | $ (259,738) | $35,424,147 | $722,200 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Professional Services (Continued) | ||||
17,075 | Paychex, Inc. | $1,969,260 | ||
4,102,242 | ||||
Specialty Retail – 4.1% | ||||
6,576 | Home Depot (The), Inc. | 1,987,004 | ||
24,623 | TJX (The) Cos., Inc. | 2,188,492 | ||
4,175,496 | ||||
Technology Hardware, Storage & Peripherals – 1.8% | ||||
10,979 | Apple, Inc. | 1,879,715 | ||
Total Investments – 98.5% | 101,282,002 | |||
(Cost $101,156,762) | ||||
Net Other Assets and Liabilities – 1.5% | 1,589,187 | |||
Net Assets – 100.0% | $102,871,189 |
(a) | Non-income producing security. |
Total Value at 9/30/2023 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 101,282,002 | $ 101,282,002 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Specialty Retail – 2.0% | ||||
440 | Ross Stores, Inc. | $49,698 | ||
Total Investments – 98.4% | 2,427,000 | |||
(Cost $2,419,782) | ||||
Net Other Assets and Liabilities – 1.6% | 39,881 | |||
Net Assets – 100.0% | $2,466,881 |
(a) | Non-income producing security. |
Total Value at 9/30/2023 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 2,427,000 | $ 2,427,000 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS – 98.9% | ||||
Aerospace & Defense – 6.0% | ||||
130 | General Dynamics Corp. | $28,726 | ||
62 | Lockheed Martin Corp. | 25,355 | ||
62 | Northrop Grumman Corp. | 27,292 | ||
81,373 | ||||
Beverages – 5.6% | ||||
449 | Coca-Cola (The) Co. | 25,135 | ||
482 | Monster Beverage Corp. (a) | 25,522 | ||
147 | PepsiCo, Inc. | 24,908 | ||
75,565 | ||||
Biotechnology – 6.0% | ||||
195 | AbbVie, Inc. | 29,067 | ||
347 | Gilead Sciences, Inc. | 26,004 | ||
77 | Vertex Pharmaceuticals, Inc. (a) | 26,776 | ||
81,847 | ||||
Capital Markets – 1.8% | ||||
78 | Moody’s Corp. | 24,661 | ||
Chemicals – 1.9% | ||||
93 | Air Products & Chemicals, Inc. | 26,356 | ||
Commercial Services & Supplies – 1.9% | ||||
615 | Copart, Inc. (a) | 26,500 | ||
Communications Equipment – 2.1% | ||||
532 | Cisco Systems, Inc. | 28,600 | ||
Consumer Staples Distribution & Retail – 4.2% | ||||
50 | Costco Wholesale Corp. | 28,248 | ||
177 | Walmart, Inc. | 28,308 | ||
56,556 | ||||
Electronic Equipment, Instruments & Components – 2.1% | ||||
335 | Amphenol Corp., Class A | 28,137 | ||
Financial Services – 4.0% | ||||
70 | Mastercard, Inc., Class A | 27,714 | ||
117 | Visa, Inc., Class A | 26,911 | ||
54,625 | ||||
Food Products – 1.9% | ||||
341 | Archer-Daniels-Midland Co. | 25,718 | ||
Ground Transportation – 3.9% | ||||
863 | CSX Corp. | 26,537 | ||
129 | Union Pacific Corp. | 26,269 | ||
52,806 | ||||
Health Care Equipment & Supplies – 3.6% | ||||
245 | Abbott Laboratories | 23,728 | ||
95 | Stryker Corp. | 25,961 | ||
49,689 | ||||
Health Care Providers & Services – 4.0% | ||||
145 | Cencora, Inc. | 26,096 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Health Care Providers & Services (Continued) | ||||
55 | UnitedHealth Group, Inc. | $27,730 | ||
53,826 | ||||
Household Durables – 3.8% | ||||
264 | Garmin Ltd. | 27,773 | ||
4 | NVR, Inc. (a) | 23,853 | ||
51,626 | ||||
Household Products – 3.9% | ||||
363 | Colgate-Palmolive Co. | 25,813 | ||
183 | Procter & Gamble (The) Co. | 26,692 | ||
52,505 | ||||
Industrial Conglomerates – 3.9% | ||||
254 | General Electric Co. | 28,080 | ||
134 | Honeywell International, Inc. | 24,755 | ||
52,835 | ||||
Insurance – 10.4% | ||||
387 | Aflac, Inc. | 29,702 | ||
341 | Arch Capital Group Ltd. (a) | 27,181 | ||
393 | Brown & Brown, Inc. | 27,447 | ||
146 | Marsh & McLennan Cos., Inc. | 27,784 | ||
459 | W.R. Berkley Corp. | 29,142 | ||
141,256 | ||||
IT Services – 2.0% | ||||
89 | Accenture PLC, Class A | 27,333 | ||
Machinery – 3.9% | ||||
110 | Illinois Tool Works, Inc. | 25,334 | ||
319 | PACCAR, Inc. | 27,121 | ||
52,455 | ||||
Oil, Gas & Consumable Fuels – 2.2% | ||||
177 | Chevron Corp. | 29,846 | ||
Pharmaceuticals – 9.9% | ||||
433 | Bristol-Myers Squibb Co. | 25,131 | ||
61 | Eli Lilly & Co. | 32,765 | ||
165 | Johnson & Johnson | 25,699 | ||
254 | Merck & Co., Inc. | 26,149 | ||
749 | Pfizer, Inc. | 24,845 | ||
134,589 | ||||
Professional Services – 4.0% | ||||
118 | Automatic Data Processing, Inc. | 28,388 | ||
227 | Paychex, Inc. | 26,180 | ||
54,568 | ||||
Specialty Retail – 4.1% | ||||
87 | Home Depot (The), Inc. | 26,288 | ||
327 | TJX (The) Cos., Inc. | 29,064 | ||
55,352 |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Technology Hardware, Storage & Peripherals – 1.8% | ||||
146 | Apple, Inc. | $24,997 | ||
Total Investments – 98.9% | 1,343,621 | |||
(Cost $1,380,123) |
Number of Contracts | Description | Notional Amount | Exercise Price | Expiration Date | Value | |||||
PURCHASED OPTIONS – 0.8% | ||||||||||
Put Options Purchased – 0.8% | ||||||||||
2 | S&P 500® Index | $857,610 | $4,215.00 | 10/20/23 | 6,742 | |||||
11 | S&P 500® Mini Index | 471,691 | 422.00 | 10/20/23 | 4,422 | |||||
Total Purchased Options | 11,164 | |||||||||
(Cost $13,392) | ||||||||||
WRITTEN OPTIONS – (0.0)% | ||||||||||
Call Options Written – (0.0)% | ||||||||||
(2) | S&P 500® Index | (857,610) | 4,620.00 | 10/20/23 | (74) | |||||
(11) | S&P 500® Mini Index (b) | (471,691) | 462.00 | 10/20/23 | (66) | |||||
Total Call Options Written | (140) | |||||||||
(Premiums received $10,990) | ||||||||||
Put Options Written – (0.0)% | ||||||||||
(2) | S&P 500® Index | (857,610) | 3,550.00 | 10/20/23 | (290) | |||||
(11) | S&P 500® Mini Index | (471,691) | 355.00 | 10/20/23 | (182) | |||||
Total Put Options Written | (472) | |||||||||
(Premiums received $2,175) | ||||||||||
Total Written Options | (612) | |||||||||
(Premiums received $13,165) |
Net Other Assets and Liabilities – 0.3% |
3,902 | ||
Net Assets – 100.0% |
$1,358,075 |
(a) | Non-income producing security. |
(b) | This investment is fair valued by the Advisor’s Pricing Committee in accordance with procedures approved by the Trust’s Board of Trustees, and in accordance with the provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At September 30, 2023, investments noted as such are valued at $(66) or (0.0)% of net assets. |
ASSETS TABLE | ||||
Total Value at 9/30/2023 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks* | $ 1,343,621 | $ 1,343,621 | $ — | $ — |
Purchased Options | 11,164 | 11,164 | — | — |
Total | $ 1,354,785 | $ 1,354,785 | $— | $— |
LIABILITIES TABLE | ||||
Total Value at 9/30/2023 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Written Options | $ (612) | $ (364) | $ (248) | $ — |
* | See Portfolio of Investments for industry breakout. |
• | Level 1 – Level 1 inputs are quoted prices in active markets for identical investments. |
• | Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.) |
• | Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment. |