|
|
 |
|
Holdings of the Fund as of 8/24/2026
Total Number of Holdings (excluding cash): 175
| Apple Inc. |
AAPL |
037833100 |
Information Technology |
600,221 |
$186,272,585.14 |
7.52% |
| NVIDIA Corporation |
NVDA |
67066G104 |
Information Technology |
671,646 |
$140,024,758.08 |
5.66% |
| JPMorgan Chase & Co. |
JPM |
46625H100 |
Financials |
193,499 |
$68,961,108.61 |
2.79% |
| US Dollar |
$USD |
|
Other |
67,401,437 |
$67,401,437.30 |
2.72% |
| Amazon.com, Inc. |
AMZN |
023135106 |
Consumer Discretionary |
244,364 |
$64,040,473.48 |
2.59% |
| Bank of America Corporation |
BAC |
060505104 |
Financials |
985,491 |
$61,425,654.03 |
2.48% |
| Microsoft Corporation |
MSFT |
594918104 |
Information Technology |
124,280 |
$60,562,886.80 |
2.45% |
| GE Vernova Inc. |
GEV |
36828A101 |
Industrials |
63,329 |
$59,662,250.99 |
2.41% |
| Costco Wholesale Corporation |
COST |
22160K105 |
Consumer Staples |
59,884 |
$58,171,317.60 |
2.35% |
| ASML Holding N.V. (New York Registry Shares) |
ASML |
N07059210 |
Information Technology |
32,637 |
$56,792,622.81 |
2.29% |
| Alphabet Inc. (Class A) |
GOOGL |
02079K305 |
Communication Services |
148,571 |
$51,711,622.26 |
2.09% |
| Broadcom Inc. |
AVGO |
11135F101 |
Information Technology |
143,718 |
$51,560,269.68 |
2.08% |
| Nebius Group N.V. |
NBIS |
N97284108 |
Information Technology |
241,514 |
$50,937,717.74 |
2.06% |
| Dell Technologies Inc. (Class C) |
DELL |
24703L202 |
Information Technology |
114,720 |
$49,695,556.80 |
2.01% |
| Alphabet Inc. (Class C) |
GOOG |
02079K107 |
Communication Services |
125,763 |
$43,336,672.17 |
1.75% |
| Amgen Inc. |
AMGN |
031162100 |
Health Care |
92,032 |
$40,847,482.88 |
1.65% |
| Oracle Corporation |
ORCL |
68389X105 |
Information Technology |
260,867 |
$37,160,504.15 |
1.50% |
| Gilead Sciences, Inc. |
GILD |
375558103 |
Health Care |
221,519 |
$32,505,698.06 |
1.31% |
| Cisco Systems, Inc. |
CSCO |
17275R102 |
Information Technology |
291,274 |
$32,107,133.02 |
1.30% |
| Linde Plc |
LIN |
G54950103 |
Materials |
61,669 |
$30,219,660.07 |
1.22% |
| Johnson & Johnson |
JNJ |
478160104 |
Health Care |
107,779 |
$29,427,978.16 |
1.19% |
| ExxonMobil Holdings Corp. |
XOM |
30233Q108 |
Energy |
177,610 |
$29,136,920.50 |
1.18% |
| Meta Platforms, Inc. (Class A) |
META |
30303M102 |
Communication Services |
51,534 |
$28,808,536.68 |
1.16% |
| Coca-Cola European Partners Plc |
CCEP |
G25839104 |
Consumer Staples |
253,391 |
$27,903,416.92 |
1.13% |
| AbbVie Inc. |
ABBV |
00287Y109 |
Health Care |
102,243 |
$27,045,318.36 |
1.09% |
| Fortinet, Inc. |
FTNT |
34959E109 |
Information Technology |
174,130 |
$26,466,018.70 |
1.07% |
| Eli Lilly and Company |
LLY |
532457108 |
Health Care |
20,764 |
$25,891,254.52 |
1.05% |
| Tesla, Inc. |
TSLA |
88160R101 |
Consumer Discretionary |
69,023 |
$24,085,575.85 |
0.97% |
| Union Pacific Corporation |
UNP |
907818108 |
Industrials |
77,699 |
$24,075,812.14 |
0.97% |
| Caterpillar Inc. |
CAT |
149123101 |
Industrials |
25,246 |
$20,475,010.92 |
0.83% |
| Comfort Systems USA, Inc. |
FIX |
199908104 |
Industrials |
12,230 |
$19,686,508.70 |
0.80% |
| Altria Group, Inc. |
MO |
02209S103 |
Consumer Staples |
285,815 |
$19,569,753.05 |
0.79% |
| Jackson Financial Inc. (Class A) |
JXN |
46817M107 |
Financials |
145,372 |
$19,235,623.04 |
0.78% |
| Colgate-Palmolive Company |
CL |
194162103 |
Consumer Staples |
206,071 |
$19,071,871.05 |
0.77% |
| Novartis AG (ADR) |
NVS |
66987V109 |
Health Care |
116,319 |
$18,380,728.38 |
0.74% |
| Walmart Inc. |
WMT |
931142103 |
Consumer Staples |
159,544 |
$16,989,840.56 |
0.69% |
| Palantir Technologies Inc. (Class A) |
PLTR |
69608A108 |
Information Technology |
96,215 |
$16,923,256.35 |
0.68% |
| Celestica Inc. |
CLS |
15101Q207 |
Information Technology |
56,106 |
$16,527,144.42 |
0.67% |
| InterDigital, Inc. |
IDCC |
45867G101 |
Information Technology |
45,066 |
$15,371,561.94 |
0.62% |
| EMCOR Group, Inc. |
EME |
29084Q100 |
Industrials |
19,673 |
$15,047,877.70 |
0.61% |
| Royalty Pharma Plc (Class A) |
RPRX |
G7709Q104 |
Health Care |
243,579 |
$14,938,700.07 |
0.60% |
| Chevron Corporation |
CVX |
166764100 |
Energy |
70,805 |
$14,379,787.45 |
0.58% |
| TechnipFMC Plc |
FTI |
G87110105 |
Energy |
190,003 |
$14,411,727.55 |
0.58% |
| The Coca-Cola Company |
KO |
191216100 |
Consumer Staples |
154,587 |
$14,220,458.13 |
0.57% |
| Citigroup Inc. |
C |
172967424 |
Financials |
105,711 |
$13,924,252.92 |
0.56% |
| HF Sinclair Corp. |
DINO |
403949100 |
Energy |
145,406 |
$13,839,743.08 |
0.56% |
| Hilton Worldwide Holdings Inc. |
HLT |
43300A203 |
Consumer Discretionary |
41,941 |
$13,843,465.87 |
0.56% |
| United Parcel Service, Inc. (Class B) |
UPS |
911312106 |
Industrials |
132,588 |
$13,619,439.36 |
0.55% |
| IDACORP, Inc. |
IDA |
451107106 |
Utilities |
97,583 |
$13,488,898.09 |
0.54% |
| Equinix, Inc. |
EQIX |
29444U700 |
Real Estate |
12,227 |
$12,901,930.40 |
0.52% |
| AngloGold Ashanti plc |
AU |
G0378L100 |
Materials |
104,747 |
$12,618,871.09 |
0.51% |
| Ross Stores, Inc. |
ROST |
778296103 |
Consumer Discretionary |
50,826 |
$12,275,495.52 |
0.50% |
| Chubb Limited |
CB |
H1467J104 |
Financials |
34,918 |
$12,075,691.94 |
0.49% |
| GE Aerospace |
GE |
369604301 |
Industrials |
35,672 |
$12,194,116.48 |
0.49% |
| Curtiss-Wright Corporation |
CW |
231561101 |
Industrials |
19,129 |
$11,763,761.13 |
0.48% |
| The Cigna Group |
CI |
125523100 |
Health Care |
42,060 |
$11,795,727.00 |
0.48% |
| The Travelers Companies, Inc. |
TRV |
89417E109 |
Financials |
31,327 |
$11,608,219.85 |
0.47% |
| US Foods Holding Corp. |
USFD |
912008109 |
Consumer Staples |
105,765 |
$11,567,518.05 |
0.47% |
| The Williams Companies, Inc. |
WMB |
969457100 |
Energy |
159,694 |
$11,333,483.18 |
0.46% |
| Netflix, Inc. |
NFLX |
64110L106 |
Communication Services |
137,772 |
$11,023,137.72 |
0.45% |
| RTX Corporation |
RTX |
75513E101 |
Industrials |
53,285 |
$11,148,287.70 |
0.45% |
| Antero Midstream Corp. |
AM |
03676B102 |
Energy |
495,283 |
$10,965,565.62 |
0.44% |
| Philip Morris International Inc. |
PM |
718172109 |
Consumer Staples |
56,817 |
$10,878,182.82 |
0.44% |
| Merck & Co., Inc. |
MRK |
58933Y105 |
Health Care |
71,354 |
$10,750,193.64 |
0.43% |
| British American Tobacco Plc (ADR) |
BTI |
110448107 |
Consumer Staples |
183,481 |
$10,405,207.51 |
0.42% |
| Sterling Infrastructure, Inc. |
STRL |
859241101 |
Industrials |
20,804 |
$10,332,514.64 |
0.42% |
| Vistra Corp. |
VST |
92840M102 |
Utilities |
75,267 |
$10,210,721.22 |
0.41% |
| The Goldman Sachs Group, Inc. |
GS |
38141G104 |
Financials |
9,467 |
$9,810,462.76 |
0.40% |
| DT Midstream, Inc. |
DTM |
23345M107 |
Energy |
74,327 |
$9,345,876.98 |
0.38% |
| APA Corporation |
APA |
03743Q108 |
Energy |
214,213 |
$9,202,590.48 |
0.37% |
| Ciena Corporation |
CIEN |
171779309 |
Information Technology |
24,140 |
$8,978,873.00 |
0.36% |
| Advanced Micro Devices, Inc. |
AMD |
007903107 |
Information Technology |
18,776 |
$8,575,844.23 |
0.35% |
| The Toronto-Dominion Bank |
TD |
891160509 |
Financials |
74,304 |
$8,660,131.20 |
0.35% |
| Yum! Brands, Inc. |
YUM |
988498101 |
Consumer Discretionary |
53,288 |
$8,384,866.80 |
0.34% |
| CME Group Inc. |
CME |
12572Q105 |
Financials |
29,153 |
$8,138,497.49 |
0.33% |
| Digital Realty Trust, Inc. |
DLR |
253868103 |
Real Estate |
43,959 |
$8,288,469.45 |
0.33% |
| Advanced Energy Industries, Inc. |
AEIS |
007973100 |
Information Technology |
28,687 |
$7,879,458.29 |
0.32% |
| Allison Transmission Holdings, Inc. |
ALSN |
01973R101 |
Industrials |
58,503 |
$7,686,124.14 |
0.31% |
| The TJX Companies, Inc. |
TJX |
872540109 |
Consumer Discretionary |
54,172 |
$7,622,542.12 |
0.31% |
| APi Group Corporation |
APG |
00187Y100 |
Industrials |
179,902 |
$7,325,609.44 |
0.30% |
| ING Groep N.V. (ADR) |
ING |
456837103 |
Financials |
211,016 |
$7,391,890.48 |
0.30% |
| Kinder Morgan, Inc. |
KMI |
49456B101 |
Energy |
242,137 |
$7,506,247.00 |
0.30% |
| The Boeing Company |
BA |
097023105 |
Industrials |
34,995 |
$7,365,047.70 |
0.30% |
| Duke Energy Corporation |
DUK |
26441C204 |
Utilities |
58,361 |
$7,118,291.17 |
0.29% |
| Encompass Health Corporation |
EHC |
29261A100 |
Health Care |
57,456 |
$6,947,579.52 |
0.28% |
| Prologis, Inc. |
PLD |
74340W103 |
Real Estate |
48,558 |
$6,961,274.88 |
0.28% |
| Southern Copper Corporation |
SCCO |
84265V105 |
Materials |
32,545 |
$6,972,766.24 |
0.28% |
| Aflac Incorporated |
AFL |
001055102 |
Financials |
56,807 |
$6,714,587.40 |
0.27% |
| Cboe Global Markets, Inc. |
CBOE |
12503M108 |
Financials |
21,350 |
$6,577,721.50 |
0.27% |
| East West Bancorp, Inc. |
EWBC |
27579R104 |
Financials |
51,207 |
$6,601,094.37 |
0.27% |
| ITT Inc. |
ITT |
45073V108 |
Industrials |
32,397 |
$6,640,089.12 |
0.27% |
| Entergy Corporation |
ETR |
29364G103 |
Utilities |
60,248 |
$6,373,635.92 |
0.26% |
| Taiwan Semiconductor Manufacturing Company Limited (ADR) |
TSM |
874039100 |
Information Technology |
15,866 |
$6,506,963.92 |
0.26% |
| UMB Financial Corporation |
UMBF |
902788108 |
Financials |
44,449 |
$6,398,878.04 |
0.26% |
| Cal-Maine Foods, Inc. |
CALM |
128030202 |
Consumer Staples |
74,081 |
$6,267,252.60 |
0.25% |
| Royal Bank of Canada |
RY |
780087102 |
Financials |
30,614 |
$6,245,868.28 |
0.25% |
| Unilever PLC (ADR) |
UL |
904767803 |
Consumer Staples |
94,213 |
$6,153,993.18 |
0.25% |
| Wells Fargo & Company |
WFC |
949746101 |
Financials |
72,337 |
$6,128,390.64 |
0.25% |
| Casey's General Stores, Inc. |
CASY |
147528103 |
Consumer Staples |
7,039 |
$6,012,784.19 |
0.24% |
| DHT Holdings, Inc. |
DHT |
Y2065G121 |
Energy |
299,611 |
$5,908,328.92 |
0.24% |
| Applied Materials, Inc. |
AMAT |
038222105 |
Information Technology |
11,847 |
$5,736,198.93 |
0.23% |
| AT&T Inc. |
T |
00206R102 |
Communication Services |
225,473 |
$5,792,401.37 |
0.23% |
| BlackRock, Inc. |
BLK |
09290D101 |
Financials |
4,919 |
$5,768,068.59 |
0.23% |
| Everpure, Inc. (Class A) |
P |
74624M102 |
Information Technology |
55,667 |
$5,591,193.48 |
0.23% |
| AerCap Holdings N.V. |
AER |
N00985106 |
Industrials |
36,739 |
$5,421,206.84 |
0.22% |
| Enbridge Inc. |
ENB |
29250N105 |
Energy |
107,924 |
$5,404,833.92 |
0.22% |
| Urban Outfitters, Inc. |
URBN |
917047102 |
Consumer Discretionary |
72,181 |
$5,489,365.05 |
0.22% |
| Watts Water Technologies, Inc. |
WTS |
942749102 |
Industrials |
14,505 |
$5,407,464.00 |
0.22% |
| Banco Santander S.A. (ADR) |
SAN |
05964H105 |
Financials |
358,807 |
$5,281,639.04 |
0.21% |
| The Charles Schwab Corporation |
SCHW |
808513105 |
Financials |
45,394 |
$5,159,028.10 |
0.21% |
| Fluor Corporation |
FLR |
343412102 |
Industrials |
94,305 |
$4,835,960.40 |
0.20% |
| MYR Group Inc. |
MYRG |
55405W104 |
Industrials |
16,422 |
$5,013,143.94 |
0.20% |
| Sabra Health Care REIT, Inc. |
SBRA |
78573L106 |
Real Estate |
241,143 |
$4,936,197.21 |
0.20% |
| Dave Inc. (Class A) |
DAVE |
23834J201 |
Financials |
13,059 |
$4,633,202.61 |
0.19% |
| International Business Machines Corporation |
IBM |
459200101 |
Information Technology |
20,773 |
$4,799,393.92 |
0.19% |
| Liberty Media Corp-Liberty Formula One (Class C) |
FWONK |
531229755 |
Communication Services |
44,501 |
$4,746,476.66 |
0.19% |
| Nextpower Inc. (Class A) |
NXT |
65290E101 |
Industrials |
55,684 |
$4,717,548.48 |
0.19% |
| Energy Transfer LP |
ET |
29273V100 |
Energy |
215,343 |
$4,539,430.44 |
0.18% |
| Ionis Pharmaceuticals, Inc. |
IONS |
462222100 |
Health Care |
70,065 |
$4,346,832.60 |
0.18% |
| Wabtec Corporation |
WAB |
929740108 |
Industrials |
15,337 |
$4,564,597.94 |
0.18% |
| Anheuser-Busch InBev S.A./N.V. (ADR) |
BUD |
03524A108 |
Consumer Staples |
52,821 |
$4,188,705.30 |
0.17% |
| BankUnited, Inc. |
BKU |
06652K103 |
Financials |
91,776 |
$4,247,393.28 |
0.17% |
| Cloudflare, Inc. (Class A) |
NET |
18915M107 |
Information Technology |
15,411 |
$4,320,473.85 |
0.17% |
| The Bank of Nova Scotia |
BNS |
064149107 |
Financials |
48,531 |
$4,215,402.66 |
0.17% |
| The Southern Company |
SO |
842587107 |
Utilities |
46,469 |
$4,186,856.90 |
0.17% |
| Gold Fields Limited (ADR) |
GFI |
38059T106 |
Materials |
83,117 |
$3,933,927.61 |
0.16% |
| NewMarket Corporation |
NEU |
651587107 |
Materials |
4,355 |
$4,078,980.10 |
0.16% |
| OPENLANE Inc. |
OPLN |
48238T109 |
Industrials |
116,706 |
$3,973,839.30 |
0.16% |
| America Movil, S.A.B. de C.V. (ADR) |
AMX |
02390A101 |
Communication Services |
154,486 |
$3,676,766.80 |
0.15% |
| Evergy, Inc. |
EVRG |
30034W106 |
Utilities |
44,699 |
$3,638,051.61 |
0.15% |
| Leonardo DRS, Inc. |
DRS |
52661A108 |
Industrials |
96,207 |
$3,753,035.07 |
0.15% |
| Nordson Corporation |
NDSN |
655663102 |
Industrials |
10,080 |
$3,366,014.40 |
0.14% |
| Rio Tinto plc (ADR) |
RIO |
767204100 |
Materials |
32,634 |
$3,420,043.20 |
0.14% |
| Robinhood Markets, Inc. (Class A) |
HOOD |
770700102 |
Financials |
34,210 |
$3,544,840.20 |
0.14% |
| The Gap, Inc. |
GAP |
364760108 |
Consumer Discretionary |
164,617 |
$3,351,602.12 |
0.14% |
| Canadian Imperial Bank of Commerce |
CM |
136069101 |
Financials |
27,653 |
$3,178,159.29 |
0.13% |
| NiSource Inc. |
NI |
65473P105 |
Utilities |
81,174 |
$3,314,334.42 |
0.13% |
| Performance Food Group Company |
PFGC |
71377A103 |
Consumer Staples |
31,475 |
$3,329,425.50 |
0.13% |
| Simon Property Group, Inc. |
SPG |
828806109 |
Real Estate |
14,043 |
$3,099,711.39 |
0.13% |
| Vale S.A. (ADR) |
VALE |
91912E105 |
Materials |
218,066 |
$3,279,712.64 |
0.13% |
| Bank of Montreal |
BMO |
063671101 |
Financials |
17,522 |
$3,019,916.70 |
0.12% |
| Morgan Stanley |
MS |
617446448 |
Financials |
13,344 |
$2,856,683.52 |
0.12% |
| SolarEdge Technologies, Inc. |
SEDG |
83417M104 |
Information Technology |
97,776 |
$2,942,079.84 |
0.12% |
| Xcel Energy Inc. |
XEL |
98389B100 |
Utilities |
37,698 |
$2,915,186.34 |
0.12% |
| Deutsche Bank AG |
DB |
D18190898 |
Financials |
73,879 |
$2,838,431.18 |
0.11% |
| Kimco Realty Corporation |
KIM |
49446R109 |
Real Estate |
114,622 |
$2,776,144.84 |
0.11% |
| Toll Brothers, Inc. |
TOL |
889478103 |
Consumer Discretionary |
19,154 |
$2,824,257.30 |
0.11% |
| TotalEnergies SE |
TTE |
F92124100 |
Energy |
29,945 |
$2,675,585.75 |
0.11% |
| Alamos Gold Inc. |
AGI |
011532108 |
Materials |
66,344 |
$2,542,302.08 |
0.10% |
| Grand Canyon Education, Inc. |
LOPE |
38526M106 |
Consumer Discretionary |
16,056 |
$2,370,828.96 |
0.10% |
| NextEra Energy, Inc. |
NEE |
65339F101 |
Utilities |
29,865 |
$2,511,646.50 |
0.10% |
| WEC Energy Group, Inc. |
WEC |
92939U106 |
Utilities |
22,121 |
$2,379,777.18 |
0.10% |
| American Electric Power Company, Inc. |
AEP |
025537101 |
Utilities |
19,035 |
$2,321,889.30 |
0.09% |
| Booking Holdings Inc. |
BKNG |
09857L108 |
Consumer Discretionary |
10,208 |
$2,177,978.88 |
0.09% |
| CVB Financial Corp. |
CVBF |
126600105 |
Financials |
100,295 |
$2,250,619.80 |
0.09% |
| TKO Group Holdings, Inc. (Class A) |
TKO |
87256C101 |
Communication Services |
11,624 |
$2,248,314.08 |
0.09% |
| Cirrus Logic, Inc. |
CRUS |
172755100 |
Information Technology |
16,951 |
$1,892,409.64 |
0.08% |
| Sempra |
SRE |
816851109 |
Utilities |
22,702 |
$1,919,908.14 |
0.08% |
| AMETEK, Inc. |
AME |
031100100 |
Industrials |
7,544 |
$1,828,137.52 |
0.07% |
| Edwards Lifesciences Corporation |
EW |
28176E108 |
Health Care |
18,319 |
$1,657,869.50 |
0.07% |
| Ferguson Enterprises Inc. |
FERG |
31488V107 |
Industrials |
7,180 |
$1,697,711.00 |
0.07% |
| NetEase, Inc. (ADR) |
NTES |
64110W102 |
Communication Services |
14,653 |
$1,801,806.26 |
0.07% |
| OSI Systems, Inc. |
OSIS |
671044105 |
Information Technology |
8,704 |
$1,776,051.20 |
0.07% |
| ARMOUR Residential REIT, Inc. |
ARR |
042315705 |
Financials |
86,180 |
$1,411,628.40 |
0.06% |
| National Health Investors, Inc. |
NHI |
63633D104 |
Real Estate |
20,814 |
$1,520,878.98 |
0.06% |
| Arch Capital Group Ltd. |
ACGL |
G0450A105 |
Financials |
12,074 |
$1,221,164.36 |
0.05% |
| The Hartford Insurance Group, Inc. |
HIG |
416515104 |
Financials |
9,520 |
$1,323,089.60 |
0.05% |
| VICI Properties Inc. |
VICI |
925652109 |
Real Estate |
34,840 |
$933,015.20 |
0.04% |
| Weyerhaeuser Company |
WY |
962166104 |
Real Estate |
16,411 |
$400,264.29 |
0.02% |
| Canadian Dollar |
$CAD |
|
Other |
156,795 |
$113,250.44 |
0.00% |
| 2026-09-18 S&P 500® Index - Price Return C 7,825 |
SPX 260918C07825000 |
|
N/A |
-325 |
($1,173,250.00) |
-0.05% |
| 2026-09-18 S&P 500® Index - Price Return C 7,775 |
SPX 260918C07775000 |
|
N/A |
-340 |
($1,693,200.00) |
-0.07% |
| 2026-09-18 S&P 500® Index - Price Return C 7,750 |
SPX 260918C07750000 |
|
N/A |
-325 |
($1,896,375.00) |
-0.08% |
| 2026-10-16 S&P 500® Index - Price Return C 7,800 |
SPX 261016C07800000 |
|
N/A |
-325 |
($3,167,775.00) |
-0.13% |
| 2026-09-18 S&P 500® Index - Price Return C 7,650 |
SPX 260918C07650000 |
|
N/A |
-320 |
($3,584,000.00) |
-0.14% |
| 2026-10-16 S&P 500® Index - Price Return C 7,750 |
SPX 261016C07750000 |
|
N/A |
-325 |
($3,957,525.00) |
-0.16% |
| 2026-09-18 S&P 500® Index - Price Return C 7,600 |
SPX 260918C07600000 |
|
N/A |
-320 |
($4,636,800.00) |
-0.19% |
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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