|
|
 |
|
Holdings of the Fund as of 8/10/2026
Total Number of Holdings (excluding cash): 112
| US Dollar |
$USD |
|
772,372 |
$772,372.18 |
2.19% |
| BX Trust Series 2025-ARIA, Class A, Variable rate, due 12/13/2042 |
|
05619TAA6 |
650,000 |
$646,305.86 |
1.84% |
| BX Trust Series 2025-DELC, Class A, Variable rate, due 12/15/2030 |
|
05594MAA0 |
600,000 |
$602,355.12 |
1.71% |
| THE 2023-MIC Trust Series 2023-MIC, Class A, Variable rate, due 12/05/2038 |
|
87256GAA0 |
530,000 |
$556,299.98 |
1.58% |
| BSTN Commercial Mortgage Trust Series 2025-1C, Class A, Variable rate, due 06/15/2044 |
|
05615EAA3 |
551,000 |
$553,145.54 |
1.57% |
| SWCH Commercial Mortgage Trust Series 2025-DATA, Class A, Variable rate, due 02/15/2042 |
|
78489CAA7 |
555,000 |
$549,703.58 |
1.56% |
| CENT Trust Series 2025-CITY, Class A, Variable rate, due 07/10/2040 |
|
12517TAA5 |
550,000 |
$545,905.25 |
1.55% |
| HOUSTON GALLERIA MALL TRUST Series 2025-HGLR, Class A, Variable rate, due 02/05/2045 |
|
44216XAA3 |
530,000 |
$533,212.22 |
1.51% |
| CHI Commercial Mortgage Trust Series 2025-SFT, Class A, Variable rate, due 04/15/2042 |
|
16706GAA5 |
520,000 |
$522,079.06 |
1.48% |
| Barclays Commercial Mortgage Securities LLC Series 2018-TALL, Class A, Variable rate, due 03/15/2037 |
|
05548WAA5 |
543,000 |
$512,784.50 |
1.46% |
| NY Commercial Mortgage Trust Series 2025-299P, Class A, Variable rate, due 02/10/2035 |
|
62957FAA7 |
500,000 |
$509,229.60 |
1.45% |
| Bank Series 2020-BN25, Class A5, 2.649%, due 01/15/2063 |
|
06539WBB1 |
542,000 |
$501,093.91 |
1.42% |
| JP Morgan Chase Commercial Mortgage Sec Trust Series 2025-PHNY, Class A, Variable rate, due 01/15/2041 |
|
46592UAA8 |
500,000 |
$501,560.90 |
1.42% |
| TEXAS Commercial Mortgage Trust Series 2025-TWR, Class A, Variable rate, due 04/15/2042 |
|
88231WAA3 |
500,000 |
$499,927.35 |
1.42% |
| CONE Commercial Mortgage Trust Series 2026-DFW3, Class A, Variable rate, due 05/15/2043 |
|
20681AAA9 |
500,000 |
$495,470.65 |
1.41% |
| GGP Trust Series 2026-2PAK, Class A, Variable rate, due 04/10/2043 |
|
37441HAA9 |
499,251 |
$497,237.97 |
1.41% |
| INT Commercial Mortgage Trust Series 2025-PLAZA, Class A, Variable rate, due 11/05/2037 |
|
44989YAA6 |
500,000 |
$495,151.15 |
1.41% |
| Barclays Commercial Mortgage Securities LLC Series 2020-C8, Class A5, 2.04%, due 10/15/2053 |
|
05552ABC1 |
550,000 |
$488,776.86 |
1.39% |
| VRTX Trust Series 2025-HQ, Class A, Variable rate, due 08/05/2042 |
|
91835XAA5 |
500,000 |
$487,708.80 |
1.39% |
| BENCHMARK Mortgage Trust Series 2021-B25, Class A4, 2.268%, due 04/15/2054 |
|
08163DAD9 |
500,000 |
$453,851.80 |
1.29% |
| BX Trust Series 2020-VIV4, Class A, 2.843%, due 03/09/2044 |
|
05608MAA4 |
489,000 |
$451,419.61 |
1.28% |
| SKY1 2025-LINE A Series 2025-LINE, Class A, Variable rate, due 04/15/2030 |
|
830941AA8 |
448,210 |
$450,162.35 |
1.28% |
| BENCHMARK Mortgage Trust Series 2023-B40, Class ASB, 6.2533%, due 12/15/2056 |
|
08163WAD7 |
425,000 |
$446,799.19 |
1.27% |
| Citigroup Commercial Mortgage Trust Series 2020-420K, Class A, 2.456%, due 11/10/2042 |
|
17328QAA9 |
500,000 |
$447,599.90 |
1.27% |
| Bank Series 2020-BN29, Class A4, 1.997%, due 11/15/2053 |
|
06541TBF5 |
500,170 |
$439,659.28 |
1.25% |
| BWAY Mortgage Trust Series 2025-1535, Class A, Variable rate, due 05/05/2030 |
|
12430BAA8 |
415,000 |
$416,814.09 |
1.18% |
| Manhattan West Mortgage Trust Series 2026-2MW, Class A, Variable rate, due 06/10/2048 |
|
563126AA9 |
410,000 |
$405,063.27 |
1.15% |
| FS Trust Series 2026-ORL, Class A, Variable rate, due 02/15/2041 |
|
30343YAA6 |
400,000 |
$400,911.04 |
1.14% |
| Barclays Commercial Mortgage Securities LLC Series 2017-C1, Class A4, 3.674%, due 02/15/2050 |
|
07332VBD6 |
400,000 |
$397,523.24 |
1.13% |
| CALI Mortgage Trust Series 2024-SUN, Class A, Variable rate, due 07/15/2041 |
|
12988DAA0 |
389,000 |
$389,512.24 |
1.11% |
| BX Trust Series 2026-VLT10, Class A, Variable rate, due 06/13/2058 |
|
05620TAA3 |
405,000 |
$385,198.78 |
1.09% |
| NYO Commercial Mortgage Trust Series 2021-1290, Class A, Variable rate, due 11/15/2038 |
|
62955HAA5 |
375,000 |
$375,074.74 |
1.07% |
| Wells Fargo Commercial Mortgage Trust Series 2018-C47, Class A4, 4.442%, due 09/15/2061 |
|
95002DBG3 |
375,000 |
$371,694.34 |
1.06% |
| Arbor Multifamily Mortgage Securities Trust Series 2020-MF1, Class A4, 2.4953%, due 05/15/2053 |
|
03881BAC7 |
390,000 |
$361,467.37 |
1.03% |
| Bank Series 2020-BN30, Class A4, 1.925%, due 12/15/2053 |
|
06541UBW5 |
414,000 |
$363,712.21 |
1.03% |
| BMO Mortgage Trust Series 2025-C12, Class ASB, 5.76198%, due 06/15/2058 |
|
05615DAD9 |
350,000 |
$360,485.06 |
1.02% |
| Cantor Commercial Real Estate Lending Series 2019-CF1, Class A2, 3.6234%, due 05/15/2052 |
|
12529MAB4 |
359,548 |
$354,616.06 |
1.01% |
| Wells Fargo Commercial Mortgage Trust Series 2022-C62, Class A4, Variable rate, due 04/15/2055 |
|
95003MBS6 |
380,000 |
$356,392.04 |
1.01% |
| Wells Fargo Commercial Mortgage Trust Series 2025-B33RP, Class A, Variable rate, due 08/15/2042 |
|
95004RAA4 |
349,962 |
$350,758.40 |
1.00% |
| arbor multifamily mortgage securities trust Series 2021-MF2, Class A4, 2.2515%, due 06/15/2054 |
|
03881VAG4 |
390,000 |
$346,352.02 |
0.98% |
| Barclays Commercial Mortgage Securities LLC Series 2020-C6, Class ASB, 2.595%, due 02/15/2053 |
|
05492TAD2 |
354,867 |
$343,211.24 |
0.97% |
| WHARF Commercial Mortgage Trust Series 2025-DC, Class A, Variable rate, due 07/15/2040 |
|
92987LAA5 |
325,000 |
$327,057.71 |
0.93% |
| SFO Commerical Mortgage Trust Series 2021-555, Class A, Variable rate, due 05/15/2038 |
|
78432WAA1 |
319,200 |
$319,151.87 |
0.91% |
| Citigroup Commercial Mortgage Trust Series 2019-GC43, Class AAB, 2.959%, due 11/10/2052 |
|
17328HBE0 |
326,242 |
$316,748.93 |
0.90% |
| ILPT Commercial Mortgage Trust Series 2019-SURF, Class A, 4.145%, due 02/11/2041 |
|
44965LAA2 |
325,000 |
$316,846.27 |
0.90% |
| BMO Mortgage Trust Series 2024-C9, Class ASB, 5.7715%, due 07/15/2057 |
|
05593MAE3 |
300,000 |
$308,678.16 |
0.88% |
| Barclays Commercial Mortgage Securities LLC Series 2022-C18, Class A5, Variable rate, due 12/15/2055 |
|
054975AE7 |
300,000 |
$305,887.65 |
0.87% |
| MCR Mortgage Trust Seried 2024-TWA, Class A, 5.924%, due 06/12/2039 |
|
582923AA6 |
305,000 |
$305,754.14 |
0.87% |
| Fannie Mae FN BZ0874, 4.76%, due 06/01/2029 |
|
3140NU6L8 |
300,000 |
$301,267.97 |
0.86% |
| Hilton USA Trust Series 2025-NVIL, Class A, Variable rate, due 07/15/2042 |
|
432826AA3 |
300,000 |
$301,191.72 |
0.86% |
| KRE Commercial Mortgage Trust Series 2026-ICNA, Class A, Variable rate, due 05/15/2043 |
|
48275LAA8 |
300,000 |
$301,481.61 |
0.86% |
| Morgan Stanley Capital I Trust Series 2019-L2, Class A3, 3.806%, due 03/15/2052 |
|
61768HAV8 |
310,015 |
$301,805.86 |
0.86% |
| One New York Plaza Trust 2020-1NYP Series 2020-1NYP, Class A, Variable rate, due 01/15/2036 |
|
68249DAA7 |
311,490 |
$303,157.44 |
0.86% |
| Bank Series 2020-BN26, Class A3, 2.155%, due 03/15/2063 |
|
06540JBB7 |
325,000 |
$298,621.44 |
0.85% |
| GS Mortgage Securities Trust Series 2024-FAIR, Class A, Variable rate, due 07/15/2029 |
|
36270JAA3 |
300,000 |
$298,666.17 |
0.85% |
| Hilton USA Trust Series 2016-HHV, Class A, 3.719%, due 11/05/2038 |
|
43300LAA8 |
300,000 |
$299,333.19 |
0.85% |
| Barclays Commercial Mortgage Securities LLC Series 2018-C2, Class A4, 4.047%, due 12/15/2051 |
|
05491UBC1 |
300,000 |
$296,299.74 |
0.84% |
| SHOPS Trust Series 2026-CSTL, Class A, Variable rate, due 05/15/2039 |
|
82510YAA4 |
300,000 |
$295,698.30 |
0.84% |
| BENCHMARK Mortgage Trust Series 2020-B18, Class A5, 1.925%, due 07/15/2053 |
|
08163AAE3 |
329,000 |
$290,784.77 |
0.83% |
| Barclays Commercial Mortgage Securities LLC Series 2022-C16, Class A5, Variable rate, due 06/15/2055 |
|
05552YAE6 |
300,000 |
$288,866.61 |
0.82% |
| Citigroup Commercial Mortgage Trust Series 2019-C7, Class AAB, 3.042%, due 12/15/2072 |
|
17328CAE2 |
295,357 |
$287,187.79 |
0.82% |
| Bank Series 2021-BN33, Class A5, 2.556%, due 05/15/2064 |
|
06541CBL9 |
318,750 |
$285,068.23 |
0.81% |
| SLG Office Trust Series 2021-OVA, Class A, 2.5854%, due 07/15/2041 |
|
78449RAA3 |
323,000 |
$286,047.25 |
0.81% |
| FHLMC Multifamily Structured Pass Through Certs. Series K104, Class X1, Variable rate, due 01/25/2030 |
|
3137FREK3 |
8,606,412 |
$278,392.48 |
0.79% |
| Manhattan West Series 2020-OMW, Class A, 2.13%, due 09/10/2040 |
|
563136AA8 |
287,000 |
$278,463.70 |
0.79% |
| NRTH PARK Mortgage Trust Series 2025-PARK, Class A, Variable rate, due 10/15/2040 |
|
669985AA1 |
275,000 |
$276,365.43 |
0.79% |
| Bank Series 2020-BN27, Class A5, 2.144%, due 04/15/2063 |
|
06539XAH7 |
305,000 |
$272,745.15 |
0.77% |
| Barclays Commercial Mortgage Securities LLC Series 2025-C35, Class XA, Variable rate, due 07/15/2058 |
|
07337DAH3 |
5,785,214 |
$272,606.21 |
0.77% |
| BMO Mortgage Trust Series 2023-C5, Class ASB, 5.9949%, due 06/15/2056 |
|
055988AE9 |
260,000 |
$268,312.30 |
0.76% |
| BMO Mortgage Trust Series 2025-C13, Class XA, Variable rate, due 10/15/2058 |
|
05592YAE8 |
3,668,225 |
$266,992.11 |
0.76% |
| Deutsche Bank Commercial Mortgage Trust Series 2020-C9, Class A5, 1.926%, due 08/15/2053 |
|
233063AT3 |
300,000 |
$267,473.16 |
0.76% |
| BX Trust Series 2025-GW, Class A, Variable rate, due 07/15/2042 |
|
12433GAA4 |
260,000 |
$261,156.77 |
0.74% |
| JW Commercial Mortgage Trust Series 2024-BERY, Class A, Variable rate, due 11/15/2039 |
|
46676AAA1 |
260,000 |
$260,623.32 |
0.74% |
| Bank Series 2023-BNK46, Class XA, Variable rate, due 08/15/2056 |
|
06541DCD4 |
8,563,870 |
$255,705.18 |
0.73% |
| BMO Mortgage Trust Series 2025-C11, Class ASB, 5.6772%, due 02/15/2058 |
|
05613XAD7 |
250,000 |
$257,314.95 |
0.73% |
| CART Series 2026-ACD6, Class A, Variable rate, due 07/15/2043 |
|
12637SAA2 |
260,000 |
$258,549.20 |
0.73% |
| Hawaii Hotel Trust Series 2025-MAUI, Class A, Variable rate, due 03/15/2030 |
|
419909AA4 |
257,500 |
$258,106.98 |
0.73% |
| BPR Trust Series 2023-STON, Class A, 7.497%, due 12/05/2039 |
|
05593GAA4 |
250,000 |
$255,046.25 |
0.72% |
| BX Trust Series 2025-VOLT, Class A, Variable rate, due 12/15/2044 |
|
05619PAA4 |
255,000 |
$254,637.54 |
0.72% |
| Bank Series 2021-BN31, Class XB, Variable rate, due 02/15/2054 |
|
06541ABN9 |
7,500,000 |
$249,063.08 |
0.71% |
| GNMA GN DO5687, 5.72%, due 06/15/2053 |
|
3618V2J81 |
250,000 |
$250,595.50 |
0.71% |
| GNMA Series 2024-47, Class AI, 0.75%, due 06/16/2064 |
|
38381LAV4 |
4,779,543 |
$248,694.42 |
0.71% |
| GNMA Series 2025-206, Class IO, Variable rate, due 04/16/2064 |
|
38383JCS2 |
4,062,375 |
$248,110.75 |
0.70% |
| Morgan Stanley Capital I Trust Series 2019-L2, Class XA, Variable rate, due 03/15/2052 |
|
61768HAX4 |
12,173,227 |
$247,879.77 |
0.70% |
| BMO Mortgage Trust Series 2023-C6, Class ASB, 6.2118%, due 09/15/2056 |
|
055985AF2 |
235,000 |
$244,633.26 |
0.69% |
| GNMA Series 2025-21, Class IO, Variable rate, due 04/16/2065 |
|
38381L5V0 |
3,488,778 |
$244,023.30 |
0.69% |
| GNMA Series 2021-31, Class IO, Variable rate, due 01/16/2061 |
|
38380RVN7 |
3,489,082 |
$239,669.58 |
0.68% |
| GNMA Series 2053-153, Class IO, Variable rate, due 09/16/2067 |
|
38383JCQ6 |
3,238,838 |
$238,768.09 |
0.68% |
| MSWF Commercial Mortgage Trust Series 2023-1, Class XA, Variable rate, due 05/15/2056 |
|
55376CAP8 |
5,339,510 |
$236,232.18 |
0.67% |
| Bank Series 2025-BNK49, Class XA, Variable rate, due 03/15/2058 |
|
05494FBY3 |
5,159,323 |
$225,510.40 |
0.64% |
| GS Mortgage Securities Trust Series 2017-GS6, Class A2, 3.164%, due 05/10/2050 |
|
36253PAB8 |
217,195 |
$215,370.03 |
0.61% |
| Morgan Stanley Capital I Trust Series 2018-L1, Class A3, 4.139%, due 10/15/2051 |
|
61691QAD0 |
216,953 |
$213,830.26 |
0.61% |
| JP Morgan Chase Commercial Mortgage Sec Trust Series 2019-COR5, Class XA, Variable rate, due 06/13/2052 |
|
46591EAY3 |
6,962,825 |
$209,771.82 |
0.60% |
| Bank Series 2018-BN13, Class A4, 3.953%, due 08/15/2061 |
|
06539LBA7 |
208,467 |
$205,706.24 |
0.58% |
| GS Mortgage Securities Trust Series 2019-GC39, Class XA, Variable rate, due 05/10/2052 |
|
36260JAF4 |
8,400,329 |
$204,125.47 |
0.58% |
| Wells Fargo Commercial Mortgage Trust Series 2021-C59, Class XA, Variable rate, due 04/15/2054 |
|
95003CBU3 |
4,030,871 |
$202,874.95 |
0.58% |
| Wells Fargo Commercial Mortgage Trust Series 2021-C60, Class XA, Variable rate, due 08/15/2054 |
|
95003DBP2 |
3,540,077 |
$204,370.42 |
0.58% |
| Bank Series 2019-BN19, Class XA, Variable rate, due 08/15/2061 |
|
06540WBH5 |
7,431,336 |
$167,144.88 |
0.47% |
| Arbor Multifamily Mortgage Securities Trust Series 2020-MF1, Class AS, Variable rate, due 05/15/2053 |
|
03881BAJ2 |
150,000 |
$139,291.78 |
0.40% |
| BWAY Mortgage Trust Series 2025-1535, Class B, Variable rate, due 05/05/2030 |
|
12430BAE0 |
131,000 |
$134,918.84 |
0.38% |
| CRSNT Trust Series 2026-MOON, Class A, Variable rate, due 02/15/2043 |
|
12642SAA5 |
135,000 |
$135,228.77 |
0.38% |
| IRV Trust Series 2025-200P, Class A, Variable rate, due 03/14/2047 |
|
45006HAA9 |
100,000 |
$99,401.29 |
0.28% |
| arbor multifamily mortgage securities trust Series 2021-NF3, Class XB, Variable rate, due 10/15/2054 |
|
03882KAQ5 |
3,791,000 |
$87,933.38 |
0.25% |
| Bank Series 2019-BN23, Class XA, Variable rate, due 12/15/2052 |
|
06541RBC6 |
4,084,069 |
$75,111.35 |
0.21% |
| Wells Fargo Commercial Mortgage Trust Series 2018-C47, Class AS, Variable rate, due 09/15/2061 |
|
95002DBR9 |
76,100 |
$74,970.64 |
0.21% |
| Bank Series 2020-BN26, Class XA, Variable rate, due 03/15/2063 |
|
06540JBM3 |
2,377,205 |
$71,295.48 |
0.20% |
| BENCHMARK Mortgage Trust Series 2024-V6, Class XA, Variable rate, due 10/15/2028 |
|
081927AC9 |
2,441,721 |
$70,374.05 |
0.20% |
| Bank Series 2019-BN21, Class XA, Variable rate, due 10/17/2052 |
|
06540BBE8 |
2,988,794 |
$61,724.58 |
0.18% |
| FHLMC Multifamily Structured Pass Through Certs. Series K122, Class X1, Variable rate, due 11/25/2030 |
|
3137F82T9 |
1,591,613 |
$48,685.37 |
0.14% |
| FHLMC Multifamily Structured Pass Through Certs. Series K546, Class X1, Variable rate, due 05/25/2030 |
|
3137HN4T2 |
1,184,933 |
$35,171.53 |
0.10% |
| CFCRE Commercial Mortgage Trust Series 2017-C8, Class XA, Variable rate, due 06/15/2050 |
|
12532CBE4 |
6,936,271 |
$27,222.09 |
0.08% |
| Bank Series 2018-BN10, Class XA, Variable rate, due 02/15/2061 |
|
065404BF1 |
2,843,681 |
$21,066.27 |
0.06% |
| Freddie Mac Multiclass Certificates Series 2020-RR05, Class X, 2.013%, due 01/27/2029 |
|
3137FRV24 |
160,000 |
$6,569.55 |
0.02% |
| US 10YR NOTE (CBT)Sep26 |
TYU6 |
|
24 |
$2,601,000.00 |
0.00% |
| US 10yr Ultra Fut Sep26 |
UXYU6 |
|
7 |
$770,765.63 |
0.00% |
| US 2YR NOTE (CBT) Sep26 |
TUU6 |
|
47 |
$9,674,289.09 |
0.00% |
| US 5YR NOTE (CBT) Sep26 |
FVU6 |
|
15 |
$1,593,281.25 |
0.00% |
| US LONG BOND(CBT) Sep26 |
USU6 |
|
-1 |
($108,906.25) |
0.00% |
Holdings are subject to change.
The holdings information set forth above for the date indicated reflects creation and redemption transactions from the prior business day and may differ from the holdings information currently available from the Fund's custodian and accounting agent. With respect to the market value of the Fund's holdings set forth above, the pricing sources are generally third party vendors. The Fund ultimately relies on pricing information provided by the Fund's accounting agent.
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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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