UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-22717
First Trust Exchange-Traded Fund VI |
(Exact name of registrant as specified in charter) |
120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
(Address of principal executive offices) |
W. Scott Jardine, Esq. First Trust Portfolios L.P. 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
(Name and address of agent for service) |
Registrant’s telephone number, including area code: (630) 765-8000
Date of fiscal year end: September 30
Date of reporting period: September 30, 2022
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Report to Stockholders.
The registrant’s annual report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 is as follows:
Book 1
First Trust NASDAQ Technology Dividend Index Fund (TDIV)
Multi-Asset Diversified Income Index Fund (MDIV)
First Trust S&P International Dividend Aristocrats ETF (FID)
First Trust BuyWrite Income ETF (FTHI)
First Trust Nasdaq BuyWrite Income ETF (FTQI)
(formerlyFirst
Trust Hedged BuyWrite Income ETF (FTLB))
First Trust Rising Dividend Achievers ETF (RDVY)
First Trust Dorsey Wright Focus 5 ETF (FV)
First Trust RBA American Industrial Renaissance® ETF (AIRR)
First Trust Dorsey Wright Momentum & Dividend ETF (DDIV)
First Trust Dorsey Wright International Focus 5 ETF (IFV)
First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC)
First Trust Indxx Innovative Transaction & Process ETF (LEGR)
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)
First Trust International Developed Capital Strength ETF (FICS)
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2 |
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3 |
Fund Performance Overview | |
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4 |
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6 |
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8 |
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11 |
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14 |
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18 |
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20 |
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22 |
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24 |
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26 |
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28 |
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30 |
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32 |
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34 |
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36 |
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37 |
Portfolio of Investments | |
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39 |
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41 |
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47 |
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50 |
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56 |
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60 |
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62 |
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63 |
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64 |
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66 |
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67 |
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68 |
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72 |
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76 |
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78 |
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82 |
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86 |
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92 |
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106 |
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124 |
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127 |
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138 |
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140 |
Performance | ||||||||
Average Annual Total Returns | Cumulative Total Returns | |||||||
1
Year Ended 9/30/22 |
5
Years Ended 9/30/22 |
10
Years Ended 9/30/22 |
Inception (8/13/12) to 9/30/22 |
5
Years Ended 9/30/22 |
10
Years Ended 9/30/22 |
Inception (8/13/12) to 9/30/22 | ||
Fund Performance | ||||||||
NAV | -20.93% | 8.61% | 10.97% | 10.74% | 51.16% | 183.23% | 181.19% | |
Market Price | -20.90% | 8.63% | 10.97% | 10.74% | 51.23% | 183.12% | 181.22% | |
Index Performance | ||||||||
Nasdaq Technology Dividend IndexTM | -20.54% | 9.30% | 11.68% | 11.45% | 55.98% | 201.83% | 199.88% | |
S&P 500® Index | -15.47% | 9.24% | 11.70% | 11.86% | 55.55% | 202.44% | 211.22% | |
S&P 500® Information Technology Index | -20.00% | 16.74% | 17.09% | 17.13% | 116.78% | 384.27% | 396.21% |
Performance | ||||||||
Average Annual Total Returns | Cumulative Total Returns | |||||||
1
Year Ended 9/30/22 |
5
Years Ended 9/30/22 |
10
Years Ended 9/30/22 |
Inception (8/13/12) to 9/30/22 |
5
Years Ended 9/30/22 |
10
Years Ended 9/30/22 |
Inception (8/13/12) to 9/30/22 | ||
Fund Performance | ||||||||
NAV | -6.25% | 0.30% | 2.71% | 2.79% | 1.52% | 30.59% | 32.14% | |
Market Price | -6.25% | 0.35% | 2.71% | 2.80% | 1.75% | 30.62% | 32.23% | |
Index Performance | ||||||||
Nasdaq US Multi-Asset Diversified Income IndexSM | -5.80% | 0.84% | 3.34% | 3.43% | 4.29% | 38.87% | 40.71% | |
S&P 500® Index | -15.47% | 9.24% | 11.70% | 11.86% | 55.55% | 202.44% | 211.22% | |
Dow Jones U.S. Select DividendTM Index* | -3.10% | 6.89% | 10.53% | 10.53% | 39.56% | 172.03% | 175.69% |
* | The Dow Jones U.S. Select DividendTM Index represents 100 of the United States’ leading stocks by dividend yield. |
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1
Year Ended 9/30/22 |
5
Years Ended 9/30/22 |
Inception (8/22/13) to 9/30/22 |
5
Years Ended 9/30/22 |
Inception (8/22/13) to 9/30/22 | ||
Fund Performance | ||||||
NAV | -18.39% | -1.73% | 0.53% | -8.34% | 4.93% | |
Market Price | -18.15% | -1.80% | 0.54% | -8.69% | 4.99% | |
Index Performance | ||||||
S&P International Dividend Aristocrats Index(1) | -17.19% | N/A | N/A | N/A | N/A | |
Dow Jones EPAC Select DividendTM Index(2) | -20.66% | -1.91% | 0.95% | -9.21% | 8.95% | |
MSCI World ex USA Index | -23.91% | -0.39% | 2.33% | -1.96% | 23.34% |
(1) | On August 30, 2018, the Fund’s underlying index changed from the Nasdaq International Multi-Asset Diversified Income IndexSM to the S&P International Dividend Aristocrats Index (the “Index”). Therefore, the Fund’s performance and historical returns shown for the periods prior to August 30, 2018, are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. Since the Index had an inception date of April 30, 2018, it was not in existence for all of the periods disclosed. The old index was terminated on November 23, 2018, so performance data does not exist for these time periods. |
(2) | The Dow Jones EPAC Select DividendTM Index measures the performance of a selected group of companies, from non-U.S. developed markets (Europe, Pacific Asia, and Canada), that have provided relatively high dividend yields on a consistent basis over time. |
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1
Year Ended 9/30/22 |
5
Years Ended 9/30/22 |
Inception (1/6/14) to 9/30/22 |
5
Years Ended 9/30/22 |
Inception (1/6/14) to 9/30/22 | ||
Fund Performance | ||||||
NAV | -7.60% | 1.07% | 3.97% | 5.49% | 40.53% | |
Market Price | -7.40% | 1.11% | 4.01% | 5.67% | 40.90% | |
Index Performance | ||||||
CBOE S&P 500 BuyWrite Monthly Index(1) | -11.21% | 1.94% | 4.28% | 10.11% | 44.16% | |
S&P 500® Index | -15.47% | 9.24% | 10.12% | 55.55% | 131.98% |
(1) | The CBOE S&P 500 BuyWrite Monthly Index is a benchmark index designed to track the performance of a hypothetical buy-write strategy on the S&P 500® Index. |
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1
Year Ended 9/30/22 |
5
Years Ended 9/30/22 |
Inception (1/6/14) to 9/30/22 |
5
Years Ended 9/30/22 |
Inception (1/6/14) to 9/30/22 | ||
Fund Performance | ||||||
NAV | -9.00% | -0.44% | 2.45% | -2.16% | 23.53% | |
Market Price | -8.89% | -0.47% | 2.47% | -2.31% | 23.76% | |
Index Performance | ||||||
CBOE S&P 500 95-110 Collar IndexSM(1) | -10.92% | 9.69% | 7.82% | 58.82% | 93.06% | |
S&P 500® Index | -15.47% | 9.24% | 10.12% | 55.55% | 131.98% | |
CBOE Nasdaq-100 Buywrite IndexSM(2) | -18.19% | 2.40% | 4.91% | 12.61% | 52.02% | |
Nasdaq-100 Index®(3) | -24.72% | 13.95% | 15.09% | 92.16% | 241.03% |
(1) | The CBOE S&P 500 95-110 Collar IndexSM is designed to protect an investment in S&P 500® stocks against market declines. The passive collar strategy reflected by the index entails: holding the stocks in the S&P 500® Index; buying three-month S&P 500® put options to protect this S&P 500® portfolio from market decreases; and selling one-month S&P 500® call options to help finance the cost of the put options. |
(2) | The Cboe Nasdaq-100 BuyWrite IndexSM is a benchmark index designed to track the performance of a hypothetical buy-write strategy on the Nasdaq-100 Index®. The index is a passive total return index based on (1) buying the Nasdaq-100 Index® stock index portfolio, and (2) “writing” (or selling) the near-term Nasdaq-100 Index® “covered” call option. |
(3) | On May 11, 2022, the Fund’s primary benchmark changed from the S&P 500® Index to the Nasdaq-100 Index®, because the Advisor believes that the Nasdaq-100 Index® better reflects the investment strategies of the Fund. |
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1
Year Ended 9/30/22 |
5
Years Ended 9/30/22 |
Inception (1/6/14) to 9/30/22 |
5
Years Ended 9/30/22 |
Inception (1/6/14) to 9/30/22 | ||
Fund Performance | ||||||
NAV | -16.76% | 8.61% | 9.86% | 51.12% | 127.27% | |
Market Price | -16.72% | 8.59% | 9.86% | 51.00% | 127.32% | |
Index Performance | ||||||
Nasdaq US Rising Dividend AchieversTM Index | -16.41% | 9.18% | 10.44% | 55.16% | 137.99% | |
Dow Jones U.S. Select DividendTM Index* | -3.10% | 6.89% | 9.07% | 39.56% | 113.38% |
* | The Dow Jones U.S. Select DividendTM Index represents 100 of the United States’ leading stocks by dividend yield. |
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1
Year Ended 9/30/22 |
5
Years Ended 9/30/22 |
Inception (3/5/14) to 9/30/22 |
5
Years Ended 9/30/22 |
Inception (3/5/14) to 9/30/22 | ||
Fund Performance | ||||||
NAV | -9.32% | 9.95% | 9.23% | 60.71% | 113.19% | |
Market Price | -9.32% | 9.94% | 9.22% | 60.59% | 113.03% | |
Index Performance | ||||||
Dorsey Wright Focus FiveTM Index | -8.95% | 10.27% | 9.61% | 63.01% | 119.57% | |
S&P 500® Index | -15.47% | 9.24% | 9.94% | 55.55% | 125.34% |
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1
Year Ended 9/30/22 |
5
Years Ended 9/30/22 |
Inception (3/10/14) to 9/30/22 |
5
Years Ended 9/30/22 |
Inception (3/10/14) to 9/30/22 | ||
Fund Performance | ||||||
NAV | -6.41% | 8.16% | 8.12% | 48.01% | 95.10% | |
Market Price | -6.38% | 8.18% | 8.14% | 48.15% | 95.36% | |
Index Performance | ||||||
Richard Bernstein Advisors American Industrial Renaissance® Index | -5.74% | 8.93% | 8.94% | 53.34% | 108.12% | |
S&P 500® Index | -15.47% | 9.24% | 9.93% | 55.55% | 124.86% | |
S&P 500® Industrials Index | -13.87% | 4.87% | 7.32% | 26.87% | 83.13% | |
Russell 2500® Index | -21.11% | 5.45% | 6.46% | 30.40% | 70.93% |
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1
Year Ended 9/30/22 |
5
Years Ended 9/30/22 |
Inception (3/10/14) to 9/30/22 |
5
Years Ended 9/30/22 |
Inception (3/10/14) to 9/30/22 | ||
Fund Performance | ||||||
NAV | -11.08% | 4.76% | 6.34% | 26.17% | 69.30% | |
Market Price | -11.02% | 4.73% | 6.35% | 26.02% | 69.38% | |
Index Performance | ||||||
Dorsey Wright Momentum Plus Dividend YieldTM Index(1) | -10.57% | N/A | N/A | N/A | N/A | |
Dow Jones U.S. Select DividendTM Index(2) | -3.10% | 6.89% | 8.91% | 39.56% | 107.69% | |
S&P 500® Index | -15.47% | 9.24% | 9.93% | 55.55% | 124.86% |
(1) | On September 6, 2018, the Fund’s underlying index changed from the Richard Bernstein Advisors Quality Income Index to the Dorsey Wright Momentum Plus Dividend YieldTM Index (the “Index”). Therefore, the Fund’s performance and historical returns shown for the periods prior to September 6, 2018, are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. Since the Index had an inception date of July 2, 2018, it was not in existence for all of the periods disclosed. |
(2) | The Dow Jones U.S. Select DividendTM Index represents 100 of the United States’ leading stocks by dividend yield. |
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1
Year Ended 9/30/22 |
5
Years Ended 9/30/22 |
Inception (7/22/14) to 9/30/22 |
5
Years Ended 9/30/22 |
Inception (7/22/14) to 9/30/22 | ||
Fund Performance | ||||||
NAV | -26.89% | -3.39% | -0.93% | -15.85% | -7.38% | |
Market Price | -26.81% | -3.38% | -0.92% | -15.79% | -7.31% | |
Index Performance | ||||||
Dorsey Wright International Focus FiveTM Index | -26.69% | -2.91% | -0.52% | -13.72% | -4.16% | |
MSCI ACWI ex USA Index | -25.17% | -0.81% | 0.49% | -4.00% | 4.10% |
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1
Year Ended 9/30/22 |
5
Years Ended 9/30/22 |
Inception (3/17/16) to 9/30/22 |
5
Years Ended 9/30/22 |
Inception (3/17/16) to 9/30/22 | ||
Fund Performance | ||||||
NAV | -4.18% | 7.11% | 8.76% | 40.98% | 73.15% | |
Market Price | -4.01% | 7.13% | 8.78% | 41.13% | 73.41% | |
Index Performance | ||||||
Dorsey Wright Dynamic Focus FiveTM Index | -3.74% | 7.44% | 9.11% | 43.15% | 76.82% | |
S&P 500® Index | -15.47% | 9.24% | 11.03% | 55.55% | 98.24% |
Performance | |||
Average
Annual Total Returns |
Cumulative Total Returns | ||
1
Year Ended 9/30/22 |
Inception
(1/24/18) to 9/30/22 |
Inception
(1/24/18) to 9/30/22 | |
Fund Performance | |||
NAV | -25.55% | 2.14% | 10.42% |
Market Price | -25.97% | 2.08% | 10.09% |
Index Performance | |||
Indxx Blockchain Index | -25.03% | 3.11% | 15.40% |
S&P 500® Index | -15.47% | 7.01% | 37.31% |
Performance | |||
Average
Annual Total Returns |
Cumulative Total Returns | ||
1
Year Ended 9/30/22 |
Inception
(2/21/18) to 9/30/22 |
Inception
(2/21/18) to 9/30/22 | |
Fund Performance | |||
NAV | -36.76% | 2.87% | 13.93% |
Market Price | -36.85% | 2.86% | 13.86% |
Index Performance | |||
Nasdaq CTA Artificial Intelligence and Robotics IndexSM | -36.54% | 3.58% | 17.56% |
S&P 500® Index | -15.47% | 8.24% | 43.97% |
Performance | |||
Average
Annual Total Returns |
Cumulative Total Returns | ||
1
Year Ended 9/30/22 |
Inception
(12/15/20) to 9/30/22 |
Inception
(12/15/20) to 9/30/22 | |
Fund Performance | |||
NAV | -22.50% | -6.56% | -11.45% |
Market Price | -22.33% | -6.34% | -11.08% |
Index Performance | |||
The International Developed Capital Strength IndexSM | -21.93% | -5.38% | -9.43% |
MSCI World ex USA Index | -23.91% | -8.86% | -15.32% |
Beginning Account Value April 1, 2022 |
Ending Account Value September 30, 2022 |
Annualized Expense Ratio Based on the Six-Month Period |
Expenses
Paid During the Six-Month Period (a) | |
First Trust NASDAQ Technology Dividend Index Fund (TDIV) | ||||
Actual | $1,000.00 | $750.00 | 0.50% | $2.19 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.56 | 0.50% | $2.54 |
Multi-Asset Diversified Income Index Fund (MDIV) (b) | ||||
Actual | $1,000.00 | $885.30 | 0.49% | $2.32 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.61 | 0.49% | $2.48 |
First Trust S&P International Dividend Aristocrats ETF (FID) | ||||
Actual | $1,000.00 | $799.80 | 0.60% | $2.71 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
First Trust BuyWrite Income ETF (FTHI) | ||||
Actual | $1,000.00 | $841.30 | 0.85% | $3.92 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,020.81 | 0.85% | $4.31 |
First Trust Nasdaq BuyWrite Income ETF (FTQI) | ||||
Actual | $1,000.00 | $837.40 | 0.85% | $3.92 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,020.81 | 0.85% | $4.31 |
Beginning Account Value April 1, 2022 |
Ending Account Value September 30, 2022 |
Annualized Expense Ratio Based on the Six-Month Period |
Expenses
Paid During the Six-Month Period (a) | |
First Trust Rising Dividend Achievers ETF (RDVY) | ||||
Actual | $1,000.00 | $802.00 | 0.50% | $2.26 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.56 | 0.50% | $2.54 |
First Trust Dorsey Wright Focus 5 ETF (FV) (b) | ||||
Actual | $1,000.00 | $867.70 | 0.30% | $1.40 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,023.56 | 0.30% | $1.52 |
First Trust RBA American Industrial Renaissance® ETF (AIRR) | ||||
Actual | $1,000.00 | $903.90 | 0.70% | $3.34 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.56 | 0.70% | $3.55 |
First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) | ||||
Actual | $1,000.00 | $813.80 | 0.60% | $2.73 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
First Trust Dorsey Wright International Focus 5 ETF (IFV) (b) | ||||
Actual | $1,000.00 | $784.10 | 0.30% | $1.34 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,023.56 | 0.30% | $1.52 |
First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) (b) | ||||
Actual | $1,000.00 | $916.70 | 0.30% | $1.44 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,023.56 | 0.30% | $1.52 |
First Trust Indxx Innovative Transaction & Process ETF (LEGR) | ||||
Actual | $1,000.00 | $772.10 | 0.65% | $2.89 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.81 | 0.65% | $3.29 |
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) | ||||
Actual | $1,000.00 | $714.00 | 0.65% | $2.79 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.81 | 0.65% | $3.29 |
First Trust International Developed Capital Strength ETF (FICS) | ||||
Actual | $1,000.00 | $798.60 | 0.70% | $3.16 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.56 | 0.70% | $3.55 |
(a) | Expenses are equal to the annualized expense ratios as indicated in the table multiplied by the average account value over the period (April 1, 2022 through September 30, 2022), multiplied by 183/365 (to reflect the six-month period). |
(b) | Annualized expense ratio and expenses paid during the six-month period do not include fees and expenses of the underlying funds in which the Fund invests. |
Shares/ Units |
Description | Value | ||
MASTER LIMITED PARTNERSHIPS – 20.2% | ||||
Energy Equipment & Services – 1.2% | ||||
302,427 |
USA Compression Partners, L.P. |
$5,262,230 | ||
Industrial Conglomerates – 1.5% | ||||
133,447 |
Icahn Enterprises, L.P. |
6,628,312 | ||
Oil, Gas & Consumable Fuels – 17.5% | ||||
251,368 |
Black Stone Minerals, L.P. |
3,933,909 | ||
62,324 |
Cheniere Energy Partners, L.P. |
3,325,609 | ||
163,844 |
Crestwood Equity Partners, L.P. |
4,549,948 | ||
208,406 |
CrossAmerica Partners, L.P. |
3,895,108 | ||
57,227 |
DCP Midstream, L.P. |
2,150,018 | ||
52,426 |
Delek Logistics Partners, L.P. |
2,670,581 | ||
160,184 |
Dorchester Minerals, L.P. |
4,001,396 | ||
263,607 |
Energy Transfer, L.P. |
2,907,585 | ||
199,635 |
EnLink Midstream, LLC (a) |
1,774,755 | ||
121,532 |
Enterprise Products Partners, L.P. |
2,890,031 | ||
135,213 |
Global Partners, L.P. |
3,346,522 | ||
214,221 |
Holly Energy Partners, L.P. |
3,515,367 | ||
256,583 |
Kimbell Royalty Partners, L.P. (a) |
4,356,779 | ||
342,361 |
KNOT Offshore Partners, L.P. (a) |
4,786,207 | ||
71,941 |
Magellan Midstream Partners, L.P. |
3,417,917 | ||
147,560 |
MPLX, L.P. |
4,428,276 | ||
62,993 |
Natural Resource Partners, L.P. |
2,787,440 | ||
305,395 |
NuStar Energy, L.P. |
4,122,833 | ||
282,470 |
Plains All American Pipeline, L.P. |
2,971,584 | ||
273,312 |
Plains GP Holdings, L.P., Class A (a) |
2,981,834 | ||
92,726 |
Sunoco, L.P. |
3,613,532 | ||
114,461 |
Viper Energy Partners, L.P. (a) |
3,280,452 | ||
100,987 |
Western Midstream Partners, L.P. |
2,540,833 | ||
78,248,516 | ||||
Total Master Limited Partnerships |
90,139,058 | |||
(Cost $74,218,615) | ||||
COMMON STOCKS – 19.7% | ||||
Banks – 4.5% | ||||
76,544 |
Associated Banc-Corp. |
1,537,004 | ||
31,044 |
Citigroup, Inc. |
1,293,604 | ||
73,553 |
First Financial Bancorp |
1,550,497 | ||
61,164 |
First Hawaiian, Inc. |
1,506,469 | ||
38,509 |
First Interstate BancSystem, Inc., Class A |
1,553,838 | ||
129,769 |
FNB Corp. |
1,505,320 | ||
133,112 |
Huntington Bancshares, Inc. |
1,754,416 | ||
92,873 |
KeyCorp |
1,487,826 | ||
152,414 |
Northwest Bancshares, Inc. |
2,059,113 | ||
46,157 |
Pacific Premier Bancorp, Inc. |
1,429,021 | ||
31,947 |
Truist Financial Corp. |
1,390,972 | ||
32,951 |
US Bancorp |
1,328,584 | ||
44,263 |
WesBanco, Inc. |
1,477,056 | ||
19,873,720 | ||||
Biotechnology – 0.7% | ||||
11,042 |
AbbVie, Inc. |
1,481,947 | ||
29,281 |
Gilead Sciences, Inc. |
1,806,345 | ||
3,288,292 |
Shares/ Units |
Description | Value | ||
COMMON STOCKS (Continued) | ||||
Capital Markets – 1.4% | ||||
53,761 |
Lazard Ltd., Class A |
$1,711,213 | ||
97,337 |
Moelis & Co., Class A |
3,290,964 | ||
69,069 |
Virtu Financial, Inc., Class A |
1,434,563 | ||
6,436,740 | ||||
Chemicals – 1.3% | ||||
39,778 |
Dow, Inc. |
1,747,447 | ||
51,271 |
LyondellBasell Industries N.V., Class A |
3,859,681 | ||
5,607,128 | ||||
Containers & Packaging – 0.3% | ||||
40,051 |
International Paper Co. |
1,269,617 | ||
Diversified Telecommunication Services – 1.1% | ||||
186,628 |
AT&T, Inc. |
2,862,874 | ||
51,083 |
Verizon Communications, Inc. |
1,939,621 | ||
4,802,495 | ||||
Electric Utilities – 1.2% | ||||
27,065 |
ALLETE, Inc. |
1,354,603 | ||
23,198 |
Edison International |
1,312,543 | ||
37,967 |
OGE Energy Corp. |
1,384,277 | ||
23,680 |
Pinnacle West Capital Corp. |
1,527,597 | ||
5,579,020 | ||||
Food & Staples Retailing – 0.4% | ||||
53,062 |
Walgreens Boots Alliance, Inc. |
1,666,147 | ||
Food Products – 0.3% | ||||
44,783 |
Kraft Heinz (The) Co. |
1,493,513 | ||
Household Durables – 0.3% | ||||
43,247 |
Leggett & Platt, Inc. |
1,436,665 | ||
Household Products – 0.3% | ||||
55,744 |
Energizer Holdings, Inc. |
1,401,404 | ||
Industrial Conglomerates – 0.3% | ||||
12,870 |
3M Co. |
1,422,135 | ||
Insurance – 2.6% | ||||
42,420 |
Fidelity National Financial, Inc. |
1,535,604 | ||
258,624 |
Old Republic International Corp. |
5,413,000 | ||
19,633 |
Principal Financial Group, Inc. |
1,416,521 | ||
19,121 |
Prudential Financial, Inc. |
1,640,199 | ||
17,798 |
Safety Insurance Group, Inc. |
1,451,605 | ||
11,456,929 | ||||
IT Services – 0.8% | ||||
15,108 |
International Business Machines Corp. |
1,794,981 | ||
143,647 |
Western Union (The) Co. |
1,939,235 | ||