First Trust Target Date Fund 2040 R1
Holdings as of 08/10/2020
Total Number of Holdings: 220
Name Symbol Weighting Descending sort
Vanguard FTSE Emerging Markets ETF VWO 8.36%
SPDR Gold Trust GLD 3.57%
SPDR Bloomberg Barclays International Treasury Bond ETF BWX 2.79%
iShares Cohen & Steers REIT ETF ICF 2.36%
iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 1.85%
WisdomTree Bloomberg U.S. Dollar Bullish Fund USDU 1.74%
iShares TIPS Bond ETF TIP 1.38%
iShares Intermediate-Term Corporate Bond ETF IGIB 1.37%
Invesco Emerging Markets Sovereign Debt ETF PCY 0.95%
iShares 7-10 Year Treasury Bond ETF IEF 0.90%
iShares Short Maturity Bond ETF NEAR 0.90%
HCA Healthcare, Inc. HCA 0.69%
Deere & Company DE 0.62%
Sony Corporation (ADR) SNE 0.61%
Best Buy Co., Inc. BBY 0.61%
Cintas Corporation CTAS 0.60%
Copart, Inc. CPRT 0.60%
adidas AG (ADR) ADDYY 0.60%
Monster Beverage Corporation MNST 0.60%
Linde Plc LIN 0.60%
Air Products and Chemicals, Inc. APD 0.59%
Equinor ASA EQNR 0.58%
Iberdrola S.A. (ADR) IBDRY 0.58%
Costco Wholesale Corporation COST 0.57%
The TJX Companies, Inc. TJX 0.57%
Rio Tinto Plc (ADR) RIO 0.57%
Schneider Electric SE (ADR) SBGSY 0.57%
Walmart, Inc. WMT 0.56%
Target Corporation TGT 0.56%
Sysco Corporation SYY 0.56%
The Hershey Company HSY 0.56%
Northrop Grumman Corporation NOC 0.56%
Equinix, Inc. EQIX 0.56%
UnitedHealth Group Incorporated UNH 0.55%
Ross Stores, Inc. ROST 0.55%
Accenture Plc ACN 0.55%
The Bank of Nova Scotia BNS 0.55%
Nintendo Co., Ltd. (ADR) NTDOY 0.55%
Volkswagen AG (ADR) VWAGY 0.55%
Bristol-Myers Squibb Company BMY 0.54%
Lockheed Martin Corporation LMT 0.54%
Public Storage PSA 0.54%
Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.54%
KDDI Corporation (ADR) KDDIY 0.54%
Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) (ADR) MURGY 0.54%
Henkel AG & Co. KGaA (ADR) HENKY 0.54%
Alphabet Inc. (Class A) GOOGL 0.54%
AutoZone, Inc. AZO 0.53%
Stryker Corporation SYK 0.53%
Total SE (ADR) TOT 0.53%
Suncor Energy Inc. SU 0.53%
Dassault Systemes S.E. (ADR) DASTY 0.53%
L'Oreal S.A. (ADR) LRLCY 0.53%
Vinci S.A. (ADR) VCISY 0.53%
Industria de Diseno Textil, S.A. (ADR) IDEXY 0.53%
PepsiCo, Inc. PEP 0.52%
Roche Holding AG (ADR) RHHBY 0.52%
Novo Nordisk A/S (ADR) NVO 0.52%
Shin-Etsu Chemical Co., Ltd. (ADR) SHECY 0.52%
EssilorLuxottica S.A. (ADR) ESLOY 0.52%
CSL Limited (ADR) CSLLY 0.52%
Eni SpA (ADR) E 0.51%
Honda Motor Co., Ltd. (ADR) HMC 0.51%
Dollar General Corporation DG 0.51%
Royal Dutch Shell Plc (ADR) RDS/A 0.50%
CDW Corporation CDW 0.49%
Automatic Data Processing, Inc. ADP 0.47%
Eli Lilly and Company LLY 0.47%
Vertex Pharmaceuticals Incorporated VRTX 0.47%
ONEOK, Inc. OKE 0.46%
British American Tobacco Plc (ADR) BTI 0.46%
Twitter, Inc. TWTR 0.43%
Cummins Inc. CMI 0.42%
Berkshire Hathaway Inc. (Class B) BRK/B 0.41%
Cognizant Technology Solutions Corporation CTSH 0.41%
Pfizer Inc. PFE 0.40%
Newmont Corporation NEM 0.39%
T. Rowe Price Group, Inc. TROW 0.39%
Pioneer Natural Resources Company PXD 0.38%
T-Mobile US, Inc. TMUS 0.38%
Tyson Foods, Inc. (Class A) TSN 0.37%
Humana Inc. HUM 0.37%
Hormel Foods Corporation HRL 0.37%
Anthem, Inc. ANTM 0.37%
Duke Energy Corporation DUK 0.36%
Electronic Arts Inc. EA 0.36%
L3Harris Technologies Inc. LHX 0.36%
Delta Air Lines, Inc. DAL 0.36%
Southwest Airlines Co. LUV 0.35%
Chevron Corporation CVX 0.35%
Walgreens Boots Alliance, Inc. WBA 0.35%
AT&T Inc. T 0.34%
EOG Resources, Inc. EOG 0.34%
Regeneron Pharmaceuticals, Inc. REGN 0.34%
Centene Corporation CNC 0.34%
Cigna Corporation CI 0.34%
Micron Technology, Inc. MU 0.33%
ConocoPhillips COP 0.33%
Lithia Motors, Inc. LAD 0.33%
Watsco, Inc. WSO 0.32%
Enphase Energy, Inc. ENPH 0.32%
Phillips 66 PSX 0.31%
Take-Two Interactive Software, Inc. TTWO 0.30%
Curtiss-Wright Corporation CW 0.29%
Intel Corporation INTC 0.28%
NVR, Inc. NVR 0.28%
Tetra Tech, Inc. TTEK 0.28%
Henry Schein, Inc. HSIC 0.28%
Amedisys, Inc. AMED 0.28%
Globus Medical, Inc. (Class A) GMED 0.28%
Performance Food Group Company PFGC 0.28%
The Interpublic Group of Companies, Inc. IPG 0.27%
Expeditors International of Washington, Inc. EXPD 0.27%
Landstar System, Inc. LSTR 0.27%
Williams-Sonoma, Inc. WSM 0.27%
Asbury Automotive Group, Inc. ABG 0.27%
Installed Building Products, Inc. IBP 0.27%
Lancaster Colony Corporation LANC 0.26%
Zebra Technologies Corporation ZBRA 0.26%
UFP Industries Inc. UFPI 0.26%
PulteGroup, Inc. PHM 0.26%
Darden Restaurants, Inc. DRI 0.26%
Arthur J. Gallagher & Co. AJG 0.26%
MAXIMUS, Inc. MMS 0.26%
Simpson Manufacturing Co., Inc. SSD 0.26%
Molina Healthcare, Inc. MOH 0.26%
Erie Indemnity Company ERIE 0.26%
NRG Energy, Inc. NRG 0.26%
Ulta Beauty, Inc. ULTA 0.26%
Robert Half International Inc. RHI 0.25%
Gentex Corporation GNTX 0.25%
Interactive Brokers Group, Inc. (Class A) IBKR 0.25%
Stepan Company SCL 0.25%
Omnicom Group Inc. OMC 0.24%
D.R. Horton, Inc. DHI 0.24%
Columbia Sportswear Company COLM 0.24%
Saia, Inc. SAIA 0.24%
Texas Roadhouse, Inc. TXRH 0.24%
UniFirst Corporation UNF 0.23%
Insight Enterprises, Inc. NSIT 0.23%
Oshkosh Corporation OSK 0.23%
Lennar Corporation LEN 0.23%
PriceSmart, Inc. PSMT 0.23%
MarketAxess Holdings Inc. MKTX 0.23%
Pilgrim's Pride Corporation PPC 0.23%
Nucor Corporation NUE 0.22%
Brady Corporation BRC 0.22%
Murphy Oil Corporation MUR 0.22%
Steel Dynamics, Inc. STLD 0.22%
Plexus Corp. PLXS 0.22%
EMCOR Group, Inc. EME 0.22%
J & J Snack Foods Corp. JJSF 0.22%
Dick's Sporting Goods, Inc. DKS 0.22%
Reliance Steel & Aluminum Co. RS 0.22%
ManTech International Corporation MANT 0.22%
NewMarket Corporation NEU 0.22%
LHC Group, Inc. LHCG 0.22%
Sally Beauty Holdings, Inc. SBH 0.22%
Fortinet, Inc. FTNT 0.22%
First American Financial Corporation FAF 0.22%
Snap-on Incorporated SNA 0.21%
Old Republic International Corporation ORI 0.21%
Host Hotels & Resorts, Inc. HST 0.21%
PVH Corp. PVH 0.21%
Sanderson Farms, Inc. SAFM 0.21%
Cimarex Energy Co. XEC 0.21%
JetBlue Airways Corporation JBLU 0.21%
WD-40 Company WDFC 0.21%
Diodes Incorporated DIOD 0.21%
PDC Energy, Inc. PDCE 0.21%
National Beverage Corp. FIZZ 0.21%
Quidel Corporation QDEL 0.21%
First Citizens BancShares, Inc. (Class A) FCNCA 0.21%
SYNNEX Corporation SNX 0.21%
Exponent, Inc. EXPO 0.21%
Diamondback Energy, Inc. FANG 0.21%
Tandem Diabetes Care, Inc. TNDM 0.21%
Parsley Energy, Inc. (Class A) PE 0.21%
Houlihan Lokey, Inc. HLI 0.21%
Urban Outfitters, Inc. URBN 0.20%
Zions Bancorporation ZION 0.20%
CNX Resources Corporation CNX 0.20%
Inter Parfums, Inc. IPAR 0.20%
Bank of Hawaii Corporation BOH 0.20%
PacWest Bancorp PACW 0.20%
Concho Resources Inc. CXO 0.20%
Knight-Swift Transportation Holdings Inc. KNX 0.20%
Graham Holdings Company GHC 0.19%
Marathon Oil Corporation MRO 0.19%
Sykes Enterprises, Incorporated SYKE 0.19%
M.D.C. Holdings, Inc. MDC 0.19%
MSC Industrial Direct Co., Inc. (Class A) MSM 0.19%
Steven Madden, Ltd. SHOO 0.19%
Cohen & Steers, Inc. CNS 0.19%
BMC Stock Holdings, Inc. BMCH 0.19%
Telephone and Data Systems, Inc. TDS 0.18%
Regal Beloit Corporation RBC 0.18%
United States Cellular Corporation USM 0.18%
Exelixis, Inc. EXEL 0.18%
Rush Enterprises, Inc. (Class A) RUSHA 0.18%
Central Garden & Pet Company (Class A) CENTA 0.18%
Matador Resources Company MTDR 0.18%
TRI Pointe Group, Inc. TPH 0.18%
Bank OZK OZK 0.18%
Dillard's, Inc. (Class A) DDS 0.17%
United States Steel Corporation X 0.17%
Vishay Intertechnology, Inc. VSH 0.17%
Mohawk Industries, Inc. MHK 0.17%
ABM Industries Incorporated ABM 0.17%
Hub Group, Inc. HUBG 0.17%
Walker & Dunlop, Inc. WD 0.17%
American Eagle Outfitters, Inc. AEO 0.16%
Arena Pharmaceuticals, Inc. ARNA 0.16%
Pacific Premier Bancorp, Inc. PPBI 0.16%
Spirit Airlines, Inc. SAVE 0.16%
Knowles Corporation KN 0.16%
American National Group, Inc. ANAT 0.16%
Equity Commonwealth EQC 0.15%
Eagle Bancorp, Inc. EGBN 0.15%
Cash 3.87%
Underlying Securities information represented above is as of 08/10/2020 but will vary with future fluctuations in the market.


The First Trust Target Date Fund 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, a BPAS Company.


Plan sponsors and participants should consider the Fund's investment objective, time horizon, risks, charges and expenses carefully before investing. Contact your financial professional 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