First Trust Target Date Fund 2040 R1
Holdings as of 06/01/2020
Total Number of Holdings: 220
Name Symbol Weighting Descending sort
Vanguard FTSE Emerging Markets ETF VWO 7.51%
SPDR Gold Trust GLD 3.00%
SPDR Bloomberg Barclays International Treasury Bond ETF BWX 2.38%
iShares Cohen & Steers REIT ETF ICF 2.17%
iShares Short Maturity Bond ETF NEAR 1.59%
WisdomTree Bloomberg U.S. Dollar Bullish Fund USDU 1.51%
iShares Intermediate-Term Corporate Bond ETF IGIB 1.25%
iShares TIPS Bond ETF TIP 1.20%
Invesco Emerging Markets Sovereign Debt ETF PCY 0.84%
iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 0.83%
iShares 7-10 Year Treasury Bond ETF IEF 0.78%
ONEOK, Inc. OKE 0.77%
Cintas Corporation CTAS 0.64%
AutoZone, Inc. AZO 0.60%
Best Buy Co., Inc. BBY 0.60%
Copart, Inc. CPRT 0.58%
Monster Beverage Corporation MNST 0.57%
Target Corporation TGT 0.56%
Accenture Plc ACN 0.56%
adidas AG (ADR) ADDYY 0.56%
Dollar General Corporation DG 0.56%
Volkswagen AG (ADR) VWAGY 0.56%
Sysco Corporation SYY 0.55%
Equinor ASA EQNR 0.55%
EssilorLuxottica S.A. (ADR) ESLOY 0.55%
Alphabet Inc. (Class A) GOOGL 0.55%
UnitedHealth Group Incorporated UNH 0.54%
British American Tobacco Plc (ADR) BTI 0.54%
Air Products and Chemicals, Inc. APD 0.54%
Rio Tinto Plc (ADR) RIO 0.54%
Shin-Etsu Chemical Co., Ltd. (ADR) SHECY 0.54%
Linde Plc LIN 0.54%
Vertex Pharmaceuticals Incorporated VRTX 0.53%
Honda Motor Co., Ltd. (ADR) HMC 0.53%
Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) (ADR) MURGY 0.53%
Schneider Electric SE (ADR) SBGSY 0.53%
HCA Healthcare, Inc. HCA 0.53%
CDW Corporation CDW 0.53%
Stryker Corporation SYK 0.52%
Vinci S.A. (ADR) VCISY 0.52%
Dassault Systemes S.E. (ADR) DASTY 0.51%
Sony Corporation (ADR) SNE 0.50%
Lockheed Martin Corporation LMT 0.50%
Suncor Energy Inc. SU 0.50%
Iberdrola S.A. (ADR) IBDRY 0.50%
L'Oreal S.A. (ADR) LRLCY 0.50%
Henkel AG & Co. KGaA (ADR) HENKY 0.50%
Industria de Diseno Textil, S.A. (ADR) IDEXY 0.50%
The TJX Companies, Inc. TJX 0.49%
Novo Nordisk A/S (ADR) NVO 0.49%
Ross Stores, Inc. ROST 0.49%
Equinix, Inc. EQIX 0.49%
Nintendo Co., Ltd. (ADR) NTDOY 0.49%
Walmart, Inc. WMT 0.48%
Eli Lilly and Company LLY 0.48%
PepsiCo, Inc. PEP 0.48%
Roche Holding AG (ADR) RHHBY 0.48%
Northrop Grumman Corporation NOC 0.48%
CSL Limited (ADR) CSLLY 0.48%
Bristol-Myers Squibb Company BMY 0.47%
Automatic Data Processing, Inc. ADP 0.47%
Costco Wholesale Corporation COST 0.47%
Total S.A. (ADR) TOT 0.47%
Deere & Company DE 0.47%
Public Storage PSA 0.46%
The Bank of Nova Scotia BNS 0.46%
KDDI Corporation (ADR) KDDIY 0.46%
The Hershey Company HSY 0.45%
Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.44%
Matador Resources Company MTDR 0.44%
Phillips 66 PSX 0.44%
EOG Resources, Inc. EOG 0.43%
Eni SpA (ADR) E 0.43%
Royal Dutch Shell Plc (ADR) RDS/A 0.43%
ConocoPhillips COP 0.42%
Newmont Corporation NEM 0.40%
Williams-Sonoma, Inc. WSM 0.39%
Pioneer Natural Resources Company PXD 0.39%
Twitter, Inc. TWTR 0.39%
Chevron Corporation CVX 0.38%
Anthem, Inc. ANTM 0.38%
Humana Inc. HUM 0.37%
Electronic Arts Inc. EA 0.37%
T. Rowe Price Group, Inc. TROW 0.37%
Cummins Inc. CMI 0.37%
PACCAR Inc PCAR 0.36%
Regeneron Pharmaceuticals, Inc. REGN 0.36%
Murphy Oil Corporation MUR 0.36%
T-Mobile US, Inc. TMUS 0.35%
Intel Corporation INTC 0.34%
Cognizant Technology Solutions Corporation CTSH 0.34%
Micron Technology, Inc. MU 0.33%
L3Harris Technologies Inc. LHX 0.33%
Centene Corporation CNC 0.33%
MarketAxess Holdings Inc. MKTX 0.33%
Enphase Energy, Inc. ENPH 0.33%
Cigna Corporation CI 0.33%
AT&T Inc. T 0.32%
Tyson Foods, Inc. (Class A) TSN 0.32%
Duke Energy Corporation DUK 0.32%
Pfizer Inc. PFE 0.32%
Quidel Corporation QDEL 0.32%
Hormel Foods Corporation HRL 0.31%
Installed Building Products, Inc. IBP 0.31%
Zebra Technologies Corporation ZBRA 0.30%
Berkshire Hathaway Inc. (Class B) BRK/B 0.30%
Darden Restaurants, Inc. DRI 0.30%
Sally Beauty Holdings, Inc. SBH 0.30%
Fortinet, Inc. FTNT 0.30%
Marathon Oil Corporation MRO 0.29%
Dick's Sporting Goods, Inc. DKS 0.29%
PDC Energy, Inc. PDCE 0.29%
Ulta Beauty, Inc. ULTA 0.29%
Southwest Airlines Co. LUV 0.28%
Robert Half International Inc. RHI 0.28%
Saia, Inc. SAIA 0.28%
Diamondback Energy, Inc. FANG 0.28%
Parsley Energy, Inc. (Class A) PE 0.28%
Walgreens Boots Alliance, Inc. WBA 0.28%
D.R. Horton, Inc. DHI 0.27%
Lennar Corporation LEN 0.27%
Cimarex Energy Co. XEC 0.27%
Lithia Motors, Inc. LAD 0.27%
Molina Healthcare, Inc. MOH 0.27%
NRG Energy, Inc. NRG 0.27%
Delta Air Lines, Inc. DAL 0.27%
Globus Medical, Inc. (Class A) GMED 0.27%
PulteGroup, Inc. PHM 0.26%
NVR, Inc. NVR 0.26%
MAXIMUS, Inc. MMS 0.26%
Cohen & Steers, Inc. CNS 0.26%
Gentex Corporation GNTX 0.25%
Landstar System, Inc. LSTR 0.25%
Henry Schein, Inc. HSIC 0.25%
CNX Resources Corporation CNX 0.25%
National Beverage Corp. FIZZ 0.25%
Erie Indemnity Company ERIE 0.25%
SYNNEX Corporation SNX 0.25%
Arthur J. Gallagher & Co. AJG 0.24%
Take-Two Interactive Software, Inc. TTWO 0.24%
Simpson Manufacturing Co., Inc. SSD 0.24%
Exelixis, Inc. EXEL 0.24%
NewMarket Corporation NEU 0.24%
Asbury Automotive Group, Inc. ABG 0.24%
Pilgrim's Pride Corporation PPC 0.24%
Tandem Diabetes Care, Inc. TNDM 0.24%
Expeditors International of Washington, Inc. EXPD 0.23%
Tetra Tech, Inc. TTEK 0.23%
Curtiss-Wright Corporation CW 0.23%
Watsco, Inc. WSO 0.23%
Texas Roadhouse, Inc. TXRH 0.23%
Lancaster Colony Corporation LANC 0.22%
The Interpublic Group of Companies, Inc. IPG 0.22%
UniFirst Corporation UNF 0.22%
UFP Industries Inc. UFPI 0.22%
Insight Enterprises, Inc. NSIT 0.22%
Columbia Sportswear Company COLM 0.22%
Diodes Incorporated DIOD 0.22%
Concho Resources Inc. CXO 0.22%
TRI Pointe Group, Inc. TPH 0.22%
Performance Food Group Company PFGC 0.22%
Omnicom Group Inc. OMC 0.21%
Zions Bancorporation ZION 0.21%
Plexus Corp. PLXS 0.21%
MSC Industrial Direct Co., Inc. (Class A) MSM 0.21%
PVH Corp. PVH 0.21%
Mohawk Industries, Inc. MHK 0.21%
Amedisys, Inc. AMED 0.21%
Bank of Hawaii Corporation BOH 0.21%
First American Financial Corporation FAF 0.21%
Knight-Swift Transportation Holdings Inc. KNX 0.21%
Houlihan Lokey, Inc. HLI 0.21%
Nucor Corporation NUE 0.20%
Snap-on Incorporated SNA 0.20%
Brady Corporation BRC 0.20%
M.D.C. Holdings, Inc. MDC 0.20%
Steel Dynamics, Inc. STLD 0.20%
LHC Group, Inc. LHCG 0.20%
Stepan Company SCL 0.20%
Oshkosh Corporation OSK 0.19%
Host Hotels & Resorts, Inc. HST 0.19%
PriceSmart, Inc. PSMT 0.19%
J & J Snack Foods Corp. JJSF 0.19%
Sanderson Farms, Inc. SAFM 0.19%
Steven Madden, Ltd. SHOO 0.19%
JetBlue Airways Corporation JBLU 0.19%
Reliance Steel & Aluminum Co. RS 0.19%
ManTech International Corporation MANT 0.19%
First Citizens BancShares, Inc. (Class A) FCNCA 0.19%
Exponent, Inc. EXPO 0.19%
Arena Pharmaceuticals, Inc. ARNA 0.19%
BMC Stock Holdings, Inc. BMCH 0.19%
United States Steel Corporation X 0.18%
Old Republic International Corporation ORI 0.18%
EMCOR Group, Inc. EME 0.18%
ABM Industries Incorporated ABM 0.18%
Inter Parfums, Inc. IPAR 0.18%
Interactive Brokers Group, Inc. (Class A) IBKR 0.18%
Bank OZK OZK 0.18%
Telephone and Data Systems, Inc. TDS 0.17%
American Eagle Outfitters, Inc. AEO 0.17%
Regal Beloit Corporation RBC 0.17%
WD-40 Company WDFC 0.17%
Rush Enterprises, Inc. (Class A) RUSHA 0.17%
PacWest Bancorp PACW 0.17%
Central Garden & Pet Company (Class A) CENTA 0.17%
Urban Outfitters, Inc. URBN 0.16%
Pacific Premier Bancorp, Inc. PPBI 0.16%
Graham Holdings Company GHC 0.15%
Vishay Intertechnology, Inc. VSH 0.15%
United States Cellular Corporation USM 0.15%
Knowles Corporation KN 0.15%
Equity Commonwealth EQC 0.14%
Eagle Bancorp, Inc. EGBN 0.14%
Walker & Dunlop, Inc. WD 0.14%
Spirit Airlines, Inc. SAVE 0.14%
Sykes Enterprises, Incorporated SYKE 0.13%
Hub Group, Inc. HUBG 0.13%
American National Insurance Company ANAT 0.12%
Dillard's, Inc. (Class A) DDS 0.11%
Cash 8.89%
Underlying Securities information represented above is as of 06/01/2020 but will vary with future fluctuations in the market.

ABOUT THE FUND

The First Trust All Equity Allocation Portfolio is a collective investment fund that invests according to a strategy determined by First Trust Advisors L.P., which serves as the Fund's Sub-Advisor. This Fund was created by Hand Composite Employee Benefit Trust and is sponsored by Hand Benefits & Trust Company.

RISK FACTORS

Plan sponsors and participants should consider the Fund's investment objective, time horizon, risks, charges and expenses carefully before investing. Contact your financial advisor or call First Trust Portfolios L.P. at 877.937.4015 to request an Information Statement, which contains this and other information about the Fund. Read it carefully before you invest.

The First Trust Collective Investment Funds are not mutual funds and their units are not deposits of the Trustee, Hand Benefits & Trust Company, or the Sub-Advisor, and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other agency. The units are securities which have not been registered under the Securities Act of 1933 and the Fund is exempted from investment company registration under the Investment Company Act of 1940. Therefore, participating plans and their participants will not be entitled to the protections under these Acts. Management of the Trust, however, is generally subject to the fiduciary duty and prohibited transaction rules under the Employee Retirement Income Security Act of 1974 (ERISA).

As with any investment, you can lose money by investing in a Fund. The mix of assets in a Fund is intended to diminish the risk of loss, but sometimes stocks, bonds, and other assets in a Fund's portfolio may lose value simultaneously. While the Funds are managed to reduce equity market exposure and, therefore, equity market risk over time, investment in a Fund is exposed to market risk and other certain risks. For more information regarding the following risks, please consult the Fund's Information Statement.

The Fund is subject to market risk which is the risk that a particular security owned by the Fund or shares of the Fund in general may fall in value. The outbreak of the respiratory disease designated as COVID-19 in December 2019 has caused significant volatility and declines in global financial markets, which have caused losses for investors. The impact of this COVID-19 pandemic may be short term or may last for an extended period of time, and in either case could result in a substantial economic downturn or recession.

An investment in a fund containing securities of non-U.S. issuers is 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. These risks may be heightened for securities of companies located in, or with significant operations in, emerging market countries.

Changes in currency exchange rates and the relative value of non-U.S. currencies may affect the value of the Fund's investments and the value of the Fund's shares.

The Fund invests in small and/or mid-capitalization companies. Such companies may experience greater price volatility than larger, more established companies.

Certain securities held by the Fund are subject to credit risk, income risk, interest rate risk and prepayment risk. Credit risk is the risk that an issuer may default on its obligation to make principal and/or interest payments when due. Credit risk is heightened for senior loan securities. Income risk is the risk that income from the Fund's fixed income investments could decline during periods of falling interest rates. Interest rate risk is the risk that the value of debt securities will decline because of rising interest rates. Prepayment risk is the risk that, during periods of falling interest rates, an issuer may exercise its right to pay principal on an obligation earlier than expected. This may result in a decline in a fund's income. Each of these risks may have an adverse effect on the Fund's total return.

Companies that issue loans tend to be highly leveraged and thus are more susceptible to the risk of interest deferral, default and/or bankruptcy. Senior floating rate loans, in which the Fund may invest, are usually rated below investment grade but may also be unrated. As a result, the risks associated with these senior floating rate loans are similar to the risks of high-yield fixed income instruments.

High-yield securities or "junk" bonds are subject to greater market fluctuations and risk of loss than securities with higher ratings, and therefore, are considered to be highly speculative. These securities are issued by companies that may have limited operating history, narrowly focused operations, and/or other impediments to the timely payment of periodic interest and principal at maturity. The market for high-yield securities is smaller and less liquid than that for investment-grade securities.

The Fund may invest in securities of other investment companies, including ETFs or other PIVs which involves additional expenses that would not be present in a direct investment in the underlying funds. In addition, a fund's investment performance and risks may be related to the investment performance and risks of the underlying funds.

The Fund may invest in Treasury Inflation-Protected Securities (TIPS), which are securities issued by the U.S. Government but differ from nominal rate Treasury securities in certain respects. TIPS are issued at fixed coupon rates lower than those of nominal rate Treasury securities, but the principal amount of TIPS fluctuates daily based on a pro-rata portion of the change in the Consumer Price Index as reported three months earlier. Coupon payments are made based on the adjusted principal value of the TIPS. In a falling inflationary environment, both the coupon payments and the value of TIPS will decline. Foreign governments may issue securities with features similar to TIPS.

The value of commodities and commodity-linked instruments typically is based upon the price movements of a physical commodity or an economic variable linked to such price movements. The prices of commodities and commodities-linked instruments may fluctuate quickly and dramatically and may not correlate to price movements in other asset classes. Each of these factors and events could have a significant negative impact on the Fund.

Real estate investment trusts and other real estate related companies are subject to certain risks, including changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession.

Not FDIC Insured  •  Not Bank Guaranteed  •  May Lose Value