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A unit investment trust which seeks the potential for above-average total return by investing approximately 75% of its assets in common stocks which are selected by applying a disciplined investment strategy and 25% of its assets in exchange-traded funds which invest in fixed-income securities.
Please note that there is no assurance the objective will be met.
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Product Code: |
7S3Q23 |
Portfolio Status: |
Secondary |
Initial Offer Date: |
07/11/2023 |
Secondary Date: |
09/29/2023 |
Portfolio Ending Date: |
10/16/2024 |
Tax Structure: |
Regulated Investment Company |
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Initial Offer Price: |
$10.0000 |
NAV(*): |
$10.7046 |
POP(*): |
$10.8510 |
Remaining Deferred Sales Charge: |
$0.0000 |
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* As of Trade Date: 06/28/2024 4:00pm ET
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The Public Offering Price (POP) represents the net asset value per unit plus any applicable organization costs and sales charges.
The Net Asset Value (NAV) represents the value per unit of a trust’s portfolio securities and other assets reduced by applicable deferred sales charges and other liabilities.
Historical 12-Month Distribution of Trust Holdings:^ |
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^ There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The historical 12-month
distribution per unit and historical 12-month distribution rate of the securities included in the trust are for illustrative purposes only and are not indicative
of the trust's distribution or distribution rate. The historical 12-month
distribution per unit is based on the weighted average of the trailing twelve month distributions paid by the securities included in the portfolio. The historical
12-month distribution rate is calculated by dividing the historical 12-month distributions by the trust's offering price. The historical 12-month distribution and
rate are reduced to account for the effects of fees and expenses, which will be incurred when investing in a trust.
Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution per unit and rate paid by the trust may be
higher or lower than the amount shown above due to certain factors that may include, but are not limited to, a change in the dividends or distributions paid by
issuers, actual expenses incurred, or the sale of securities in the portfolio. For trusts that include funds, distributions may include realized short term
capital gains, realized long-term capital gains and/or return of capital.
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Exxon Mobil Corporation
| XOM |
1.35%
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Arista Networks, Inc.
| ANET |
1.25%
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Broadcom Inc.
| AVGO |
1.03%
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Lam Research Corporation
| LRCX |
0.97%
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iShares Broad USD High Yield Corporate Bond ETF
| USHY |
0.94%
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iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF
| IGIB |
0.93%
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iShares Preferred & Income Securities ETF
| PFF |
0.93%
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Vanguard Intermediate-Term Corporate Bond ETF
| VCIT |
0.93%
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PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
| HYS |
0.93%
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SPDR ICE Preferred Securities ETF
| PSK |
0.93%
|
iShares 0-5 Year High Yield Corporate Bond ETF
| SHYG |
0.93%
|
SPDR Portfolio High Yield Bond ETF
| SPHY |
0.93%
|
SPDR Bloomberg Short Term High Yield Bond ETF
| SJNK |
0.92%
|
VanEck IG Floating Rate ETF
| FLTR |
0.92%
|
Schwab 5-10 Year Corporate Bond ETF
| SCHI |
0.92%
|
iShares iBoxx $ Investment Grade Corporate Bond ETF
| LQD |
0.91%
|
iShares TIPS Bond ETF
| TIP |
0.91%
|
First Trust Senior Loan Fund
| FTSL |
0.91%
|
SPDR Blackstone Senior Loan ETF
| SRLN |
0.91%
|
Vanguard Total International Bond ETF
| BNDX |
0.91%
|
SPDR Bloomberg Investment Grade Floating Rate ETF
| FLRN |
0.91%
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Costco Wholesale Corporation
| COST |
0.90%
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iShares MBS ETF
| MBB |
0.90%
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Vanguard Long-Term Corporate Bond ETF
| VCLT |
0.90%
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Invesco Senior Loan ETF
| BKLN |
0.90%
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iShares 10+ Year Investment Grade Corporate Bond ETF
| IGLB |
0.90%
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Vanguard Mortgage-Backed Securities ETF
| VMBS |
0.90%
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SPDR Portfolio Mortgage Backed Bond ETF
| SPMB |
0.90%
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Janus Henderson Mortgage-Backed Securities ETF
| JMBS |
0.89%
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Alphabet Inc. (Class A)
| GOOGL |
0.88%
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iShares 10-20 Year Treasury Bond ETF
| TLH |
0.86%
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PDD Holdings Inc. (ADR)
| PDD |
0.85%
|
Regeneron Pharmaceuticals, Inc.
| REGN |
0.84%
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Novo Nordisk A/S (ADR)
| NVO |
0.82%
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Hitachi, Ltd. (ADR)
| HTHIY |
0.81%
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McKesson Corporation
| MCK |
0.80%
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Phillips 66
| PSX |
0.80%
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Caterpillar Inc.
| CAT |
0.76%
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Microsoft Corporation
| MSFT |
0.76%
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Vertex Pharmaceuticals Incorporated
| VRTX |
0.76%
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Walmart Inc.
| WMT |
0.74%
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The TJX Companies, Inc.
| TJX |
0.74%
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Aflac Incorporated
| AFL |
0.73%
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Tokyo Electron Limited (ADR)
| TOELY |
0.70%
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PACCAR Inc
| PCAR |
0.69%
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Lennar Corporation
| LEN |
0.69%
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The Travelers Companies, Inc.
| TRV |
0.68%
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Super Micro Computer, Inc.
| SMCI |
0.68%
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D.R. Horton, Inc.
| DHI |
0.67%
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General Motors Company
| GM |
0.67%
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The Cigna Group
| CI |
0.67%
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Verizon Communications Inc.
| VZ |
0.66%
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W.W. Grainger, Inc.
| GWW |
0.65%
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Marsh & McLennan Companies, Inc.
| MMC |
0.65%
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DuPont de Nemours Inc.
| DD |
0.65%
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Cheniere Energy, Inc.
| LNG |
0.64%
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The Procter & Gamble Company
| PG |
0.63%
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UnitedHealth Group Incorporated
| UNH |
0.62%
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EOG Resources, Inc.
| EOG |
0.62%
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ConocoPhillips
| COP |
0.62%
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Fastenal Company
| FAST |
0.61%
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CME Group Inc.
| CME |
0.61%
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The Kroger Co.
| KR |
0.60%
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Industria de Diseno Textil, S.A. (ADR)
| IDEXY |
0.60%
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Toyota Motor Corporation
| TM |
0.58%
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Microchip Technology Incorporated
| MCHP |
0.58%
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Cognizant Technology Solutions Corporation
| CTSH |
0.58%
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Canadian Natural Resources Limited
| CNQ |
0.58%
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Chevron Corporation
| CVX |
0.57%
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Public Storage
| PSA |
0.56%
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Mitsui & Co., Ltd. (ADR)
| MITSY |
0.56%
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Corteva Inc.
| CTVA |
0.56%
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Abbott Laboratories
| ABT |
0.55%
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Nucor Corporation
| NUE |
0.55%
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Consolidated Edison, Inc.
| ED |
0.55%
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Northrop Grumman Corporation
| NOC |
0.55%
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Shin-Etsu Chemical Co., Ltd. (ADR)
| SHECY |
0.55%
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Moderna, Inc.
| MRNA |
0.55%
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Shell Plc (ADR)
| SHEL |
0.55%
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TotalEnergies SE (ADR)
| TTE |
0.54%
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Old Dominion Freight Line, Inc.
| ODFL |
0.54%
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Nintendo Co., Ltd. (ADR)
| NTDOY |
0.54%
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Deere & Company
| DE |
0.53%
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Veeva Systems Inc. (Class A)
| VEEV |
0.52%
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Mondelez International, Inc.
| MDLZ |
0.51%
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The Kraft Heinz Company
| KHC |
0.51%
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HSBC Holdings Plc (ADR)
| HSBC |
0.50%
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Air Liquide S.A. (ADR)
| AIQUY |
0.50%
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Prosus N.V. (ADR)
| PROSY |
0.50%
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Crown Castle Inc.
| CCI |
0.48%
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Iberdrola S.A. (ADR)
| IBDRY |
0.48%
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Rio Tinto Plc (ADR)
| RIO |
0.47%
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Keysight Technologies, Inc.
| KEYS |
0.46%
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Glencore Plc (ADR)
| GLNCY |
0.46%
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BHP Group Ltd (ADR)
| BHP |
0.45%
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Accenture Plc
| ACN |
0.45%
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Equinor ASA
| EQNR |
0.45%
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Charter Communications, Inc. (Class A)
| CHTR |
0.45%
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Pfizer Inc.
| PFE |
0.44%
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EMCOR Group, Inc.
| EME |
0.44%
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L'Oreal S.A. (ADR)
| LRLCY |
0.44%
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Dollar General Corporation
| DG |
0.44%
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Archer-Daniels-Midland Company
| ADM |
0.43%
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The Hershey Company
| HSY |
0.43%
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British American Tobacco Plc (ADR)
| BTI |
0.43%
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United Parcel Service, Inc. (Class B)
| UPS |
0.43%
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Dollar Tree, Inc.
| DLTR |
0.42%
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Sanofi (ADR)
| SNY |
0.42%
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Tesla, Inc.
| TSLA |
0.41%
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Deckers Outdoor Corporation
| DECK |
0.40%
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Erie Indemnity Company
| ERIE |
0.40%
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Mercedes-Benz Group AG (ADR)
| MBGYY |
0.40%
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KDDI Corporation (ADR)
| KDDIY |
0.39%
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Medpace Holdings, Inc.
| MEDP |
0.39%
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Deutsche Post AG (ADR)
| DHLGY |
0.38%
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Coca-Cola Consolidated Inc.
| COKE |
0.37%
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Casey's General Stores, Inc.
| CASY |
0.36%
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Nippon Telegraph and Telephone Corporation (ADR)
| NTTYY |
0.36%
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Murphy USA Inc.
| MUSA |
0.36%
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Bayerische Motoren Werke AG (ADR)
| BMWYY |
0.36%
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Texas Roadhouse, Inc.
| TXRH |
0.35%
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Monolithic Power Systems, Inc.
| MPWR |
0.34%
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Toll Brothers, Inc.
| TOL |
0.33%
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PulteGroup, Inc.
| PHM |
0.33%
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United Therapeutics Corporation
| UTHR |
0.33%
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Amkor Technology, Inc.
| AMKR |
0.32%
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TopBuild Corp.
| BLD |
0.32%
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Houlihan Lokey, Inc.
| HLI |
0.32%
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The Ensign Group, Inc.
| ENSG |
0.31%
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BJ's Wholesale Club Holdings, Inc.
| BJ |
0.31%
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Daikin Industries, Ltd. (ADR)
| DKILY |
0.31%
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Mueller Industries, Inc.
| MLI |
0.30%
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The New York Times Company (Class A)
| NYT |
0.29%
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Steel Dynamics, Inc.
| STLD |
0.28%
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Watsco, Inc.
| WSO |
0.28%
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RPM International Inc.
| RPM |
0.27%
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UFP Industries Inc.
| UFPI |
0.27%
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Eagle Materials Inc.
| EXP |
0.27%
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Meritage Homes Corporation
| MTH |
0.27%
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HF Sinclair Corp.
| DINO |
0.27%
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Southwestern Energy Company
| SWN |
0.26%
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PBF Energy Inc.
| PBF |
0.26%
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Taylor Morrison Home Corporation
| TMHC |
0.26%
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Prosperity Bancshares, Inc.
| PB |
0.25%
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Qualys, Inc.
| QLYS |
0.25%
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Sprouts Farmers Market, Inc.
| SFM |
0.25%
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Unum Group
| UNM |
0.24%
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Coterra Energy Inc.
| CTRA |
0.24%
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RLI Corp.
| RLI |
0.24%
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CF Industries Holdings, Inc.
| CF |
0.24%
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SPS Commerce, Inc.
| SPSC |
0.24%
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Expeditors International of Washington, Inc.
| EXPD |
0.23%
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Affiliated Managers Group, Inc.
| AMG |
0.23%
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Commercial Metals Company
| CMC |
0.23%
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Reliance Inc.
| RS |
0.23%
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Science Applications International Corporation
| SAIC |
0.23%
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Civitas Resources, Inc.
| CIVI |
0.23%
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Bank OZK
| OZK |
0.23%
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Albemarle Corporation
| ALB |
0.22%
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Rambus Inc.
| RMBS |
0.22%
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Jabil Inc.
| JBL |
0.22%
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Snap-on Incorporated
| SNA |
0.21%
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Landstar System, Inc.
| LSTR |
0.21%
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EQT Corporation
| EQT |
0.21%
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Franklin Electric Co., Inc.
| FELE |
0.21%
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Knight-Swift Transportation Holdings Inc.
| KNX |
0.20%
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Alpha Metallurgical Resources, Inc.
| AMR |
0.20%
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Arrow Electronics, Inc.
| ARW |
0.19%
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Encore Wire Corporation
| WIRE |
0.19%
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Matson, Inc.
| MATX |
0.19%
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Western Alliance Bancorporation
| WAL |
0.19%
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CSW Industrials, Inc.
| CSWI |
0.19%
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Schneider National, Inc. (Class B)
| SNDR |
0.19%
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The Mosaic Company
| MOS |
0.18%
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Ulta Beauty, Inc.
| ULTA |
0.18%
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Warrior Met Coal, Inc.
| HCC |
0.18%
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Tidewater Inc.
| TDW |
0.18%
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AGCO Corporation
| AGCO |
0.17%
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M/I Homes, Inc.
| MHO |
0.17%
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Dycom Industries, Inc.
| DY |
0.17%
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CONSOL Energy Inc.
| CEIX |
0.17%
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Chewy, Inc. (Class A)
| CHWY |
0.17%
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UMB Financial Corporation
| UMBF |
0.16%
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MGIC Investment Corporation
| MTG |
0.16%
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KB Home
| KBH |
0.16%
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Cal-Maine Foods, Inc.
| CALM |
0.16%
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CNX Resources Corporation
| CNX |
0.15%
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Badger Meter, Inc.
| BMI |
0.15%
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CBIZ, Inc.
| CBZ |
0.15%
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Grand Canyon Education, Inc.
| LOPE |
0.15%
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Liberty Broadband Corporation (Class C)
| LBRDK |
0.15%
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Arch Resources Inc.
| ARCH |
0.15%
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InterDigital, Inc.
| IDCC |
0.14%
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Cavco Industries, Inc.
| CVCO |
0.14%
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NewMarket Corporation
| NEU |
0.14%
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CVB Financial Corp.
| CVBF |
0.14%
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Innospec Inc.
| IOSP |
0.14%
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CorVel Corporation
| CRVL |
0.14%
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Tri Pointe Homes, Inc.
| TPH |
0.14%
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Boise Cascade Company
| BCC |
0.14%
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Acushnet Holdings Corp.
| GOLF |
0.14%
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Otter Tail Corporation
| OTTR |
0.13%
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Cathay General Bancorp
| CATY |
0.13%
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Green Brick Partners, Inc.
| GRBK |
0.13%
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GMS Inc.
| GMS |
0.13%
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CarGurus, Inc.
| CARG |
0.13%
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FirstCash Holdings, Inc.
| FCFS |
0.13%
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Plexus Corp.
| PLXS |
0.12%
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Avnet, Inc.
| AVT |
0.12%
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Skyline Champion Corporation
| SKY |
0.12%
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Hub Group, Inc.
| HUBG |
0.12%
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The Andersons, Inc.
| ANDE |
0.12%
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Genworth Financial, Inc.
| GNW |
0.12%
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Rush Enterprises, Inc. (Class A)
| RUSHA |
0.12%
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Peabody Energy Corporation
| BTU |
0.12%
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Arcosa, Inc.
| ACA |
0.12%
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Photronics, Inc.
| PLAB |
0.11%
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Terex Corporation
| TEX |
0.11%
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Weis Markets, Inc.
| WMK |
0.11%
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Summit Materials, Inc. (Class A)
| SUM |
0.11%
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Comstock Resources, Inc.
| CRK |
0.10%
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Inter Parfums, Inc.
| IPAR |
0.10%
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Vishay Intertechnology, Inc.
| VSH |
0.09%
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Diodes Incorporated
| DIOD |
0.09%
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Ingles Markets, Incorporated
| IMKTA |
0.09%
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Amphastar Pharmaceuticals, Inc.
| AMPH |
0.08%
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Grocery Outlet Holding Corp.
| GO |
0.08%
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ACADIA Pharmaceuticals Inc.
| ACAD |
0.07%
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NetScout Systems, Inc.
| NTCT |
0.07%
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New York Community Bancorp, Inc.
| NYCB |
0.06%
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Schrodinger, Inc.
| SDGR |
0.04%
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Forward Air Corporation
| FWRD |
0.02%
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Total Number of Holdings: 232 |
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Underlying Securities information represented above is as of 06/28/2024 but will vary with future fluctuations in the market. |
Risk Considerations Equity Risk. An investment in a portfolio containing common stocks is subject to certain risks, such as an economic recession and the possible deterioration of either the financial condition of the issuers of the equity securities or the general condition of the stock market. Brexit Risk. The United Kingdom's official departure from the European Union (commonly referred to as "Brexit") led to volatility in global financial markets, in particular those of the United Kingdom and across Europe, and the weakening in political, regulatory, consumer, corporate and financial confidence in the United Kingdom and Europe. It is not currently possible to determine the extent of the impact that Brexit may have on the portfolio's investments and this uncertainty could negatively impact current and future economic conditions in the United Kingdom and other countries, which could negatively impact the value of the portfolio's investments. Covenant-Lite Loan Risk. Certain of the funds invest significantly in "covenant-lite" loans, which are loans made with minimal protections for the lender. Because covenant-lite loans are less restrictive on borrowers and provide less protection for lenders than typical corporate loans, the risk of default may be significantly higher. COVID-19 Economic Impact Risk. The ongoing effects of the COVID-19 global pandemic, or the potential impacts of any future public health crisis, may cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future variants of the disease. ETF Risk. ETFs are subject to various risks, including management's ability to meet the fund's investment objective, and to manage the fund's portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors' perceptions regarding ETFs or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund's net asset value, ETFs frequently trade at a discount from their net asset value in the secondary market. Foreign Securities Risk. Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers. High-Yield or Junk Bonds Risk. Investing in high-yield securities or "junk" bonds should be viewed as speculative and you should review your ability to assume the risks associated with investments which utilize such securities. High-yield securities are subject to numerous risks, including higher interest rates, economic recession, deterioration of the junk bond market, possible downgrades and defaults of interest and/or principal. High-yield security prices tend to fluctuate more than higher rated securities and are affected by short-term credit developments to a greater degree. Investment Grade Bonds Risk. Investment grade securities are subject to numerous risks including higher interest rates, economic recession, deterioration of the investment grade security market or investors' perception thereof, possible downgrades and defaults of interest and/or principal. Large-Cap Risk. Large capitalization companies may grow at a slower rate than the overall market. Market Disruption Risk. Ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, have caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, the Middle East and the United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain investments as well as performance. REITs Risk. An investment in a portfolio containing REIT securities is subject to additional risks including limited diversification. Companies involved in the real estate industry are subject to changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession. Senior Loans Risk. The yield on senior loans will generally decline in a falling interest rate environment and increase in a rising interest rate environment. Senior loans are generally below investment grade quality ("junk" bonds). An investment in senior loans involves the risk that the borrowers may default on their obligations to pay principal or interest when due. Small-Cap and Mid-Cap Risk. An investment in a portfolio containing small-cap and mid-cap companies is subject to additional risks, as the share prices of small-cap companies and certain mid-cap companies are often more volatile than those of larger companies due to several factors, including limited trading volumes, products, financial resources, management inexperience and less publicly available information. Volatility Risk. The value of the securities held by the trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers. Additional Risk. For a discussion of additional risks of investing in the trust see the "Risk Factors" section of the prospectus. Important Note. It is important to note that an investment can be made in the underlying funds directly rather than through the trust. These direct investments can be made without paying the trust's sales charge, operating expenses and organizational costs. Operational Risk. As the use of Internet technology has become more prevalent in the course of business, the trust has become more susceptible to potential operational risks through breaches in cybersecurity.
You should carefully consider the trust's investment objectives, risks, and charges and expenses before investing. Contact your financial professional or call First Trust Portfolios, L.P. at 1.800.621.1675 to request a prospectus, which contains this and other information about the trust. Read it carefully before you invest.
This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.
Not FDIC Insured, Not Bank Guaranteed and May Lose Value.
CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.
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|
30331R388 |
(Cash) |
30331R396 |
(Reinvest) |
30331R404 |
(Cash-Fee) |
30331R412 |
(Reinvest-Fee) |
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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