|
|
 |
|
Holdings of the Fund as of 8/31/2026
Total Number of Holdings (excluding cash): 175
| Apple Inc. |
AAPL |
037833100 |
Information Technology |
603,389 |
$191,183,804.65 |
7.68% |
| NVIDIA Corporation |
NVDA |
67066G104 |
Information Technology |
675,188 |
$149,068,006.64 |
5.99% |
| JPMorgan Chase & Co. |
JPM |
46625H100 |
Financials |
194,522 |
$69,253,722.44 |
2.78% |
| US Dollar |
$USD |
|
Other |
67,968,902 |
$67,968,902.13 |
2.73% |
| Amazon.com, Inc. |
AMZN |
023135106 |
Consumer Discretionary |
245,651 |
$63,812,760.27 |
2.56% |
| Microsoft Corporation |
MSFT |
594918104 |
Information Technology |
124,940 |
$63,380,812.60 |
2.54% |
| Bank of America Corporation |
BAC |
060505104 |
Financials |
990,694 |
$61,363,586.36 |
2.46% |
| GE Vernova Inc. |
GEV |
36828A101 |
Industrials |
63,659 |
$57,199,521.33 |
2.30% |
| Costco Wholesale Corporation |
COST |
22160K105 |
Consumer Staples |
60,203 |
$56,825,009.67 |
2.28% |
| ASML Holding N.V. (New York Registry Shares) |
ASML |
N07059210 |
Information Technology |
32,813 |
$55,651,176.13 |
2.23% |
| Broadcom Inc. |
AVGO |
11135F101 |
Information Technology |
144,477 |
$53,505,612.18 |
2.15% |
| Dell Technologies Inc. (Class C) |
DELL |
24703L202 |
Information Technology |
115,325 |
$52,589,353.25 |
2.11% |
| Alphabet Inc. (Class A) |
GOOGL |
02079K305 |
Communication Services |
149,352 |
$50,682,601.20 |
2.03% |
| Nebius Group N.V. |
NBIS |
N97284108 |
Information Technology |
242,790 |
$50,092,432.80 |
2.01% |
| Alphabet Inc. (Class C) |
GOOG |
02079K107 |
Communication Services |
126,423 |
$42,403,538.43 |
1.70% |
| Amgen Inc. |
AMGN |
031162100 |
Health Care |
92,516 |
$39,770,778.08 |
1.60% |
| Oracle Corporation |
ORCL |
68389X105 |
Information Technology |
262,242 |
$39,105,527.04 |
1.57% |
| Gilead Sciences, Inc. |
GILD |
375558103 |
Health Care |
222,685 |
$32,587,722.90 |
1.31% |
| Cisco Systems, Inc. |
CSCO |
17275R102 |
Information Technology |
292,814 |
$32,353,018.86 |
1.30% |
| Linde Plc |
LIN |
G54950103 |
Materials |
61,999 |
$30,353,470.42 |
1.22% |
| Fortinet, Inc. |
FTNT |
34959E109 |
Information Technology |
175,054 |
$29,921,980.22 |
1.20% |
| Meta Platforms, Inc. (Class A) |
META |
30303M102 |
Communication Services |
51,809 |
$29,652,363.06 |
1.19% |
| Johnson & Johnson |
JNJ |
478160104 |
Health Care |
108,351 |
$28,805,113.35 |
1.16% |
| ExxonMobil Holdings Corp. |
XOM |
30233Q108 |
Energy |
178,545 |
$28,736,817.75 |
1.15% |
| Coca-Cola European Partners Plc |
CCEP |
G25839104 |
Consumer Staples |
254,733 |
$27,516,258.66 |
1.10% |
| AbbVie Inc. |
ABBV |
00287Y109 |
Health Care |
102,782 |
$26,355,360.44 |
1.06% |
| Tesla, Inc. |
TSLA |
88160R101 |
Consumer Discretionary |
69,386 |
$25,530,578.70 |
1.03% |
| Eli Lilly and Company |
LLY |
532457108 |
Health Care |
20,874 |
$24,145,582.02 |
0.97% |
| Union Pacific Corporation |
UNP |
907818108 |
Industrials |
78,106 |
$23,484,131.02 |
0.94% |
| Caterpillar Inc. |
CAT |
149123101 |
Industrials |
25,378 |
$20,238,193.66 |
0.81% |
| Altria Group, Inc. |
MO |
02209S103 |
Consumer Staples |
287,322 |
$19,675,810.56 |
0.79% |
| Jackson Financial Inc. (Class A) |
JXN |
46817M107 |
Financials |
146,142 |
$19,499,727.06 |
0.78% |
| Comfort Systems USA, Inc. |
FIX |
199908104 |
Industrials |
12,296 |
$19,004,943.52 |
0.76% |
| Colgate-Palmolive Company |
CL |
194162103 |
Consumer Staples |
207,160 |
$18,607,111.20 |
0.75% |
| Palantir Technologies Inc. (Class A) |
PLTR |
69608A108 |
Information Technology |
96,721 |
$18,026,859.98 |
0.72% |
| Novartis AG (ADR) |
NVS |
66987V109 |
Health Care |
116,935 |
$17,781,136.10 |
0.71% |
| Celestica Inc. |
CLS |
15101Q207 |
Information Technology |
56,403 |
$16,887,058.20 |
0.68% |
| Walmart Inc. |
WMT |
931142103 |
Consumer Staples |
160,391 |
$16,820,204.17 |
0.68% |
| InterDigital, Inc. |
IDCC |
45867G101 |
Information Technology |
45,308 |
$15,179,539.24 |
0.61% |
| HF Sinclair Corp. |
DINO |
403949100 |
Energy |
146,176 |
$14,852,943.36 |
0.60% |
| Royalty Pharma Plc (Class A) |
RPRX |
G7709Q104 |
Health Care |
244,866 |
$15,037,221.06 |
0.60% |
| TechnipFMC Plc |
FTI |
G87110105 |
Energy |
191,004 |
$14,926,962.60 |
0.60% |
| Chevron Corporation |
CVX |
166764100 |
Energy |
71,179 |
$14,672,839.06 |
0.59% |
| EMCOR Group, Inc. |
EME |
29084Q100 |
Industrials |
19,772 |
$14,523,324.88 |
0.58% |
| Citigroup Inc. |
C |
172967424 |
Financials |
106,272 |
$13,987,520.64 |
0.56% |
| United Parcel Service, Inc. (Class B) |
UPS |
911312106 |
Industrials |
133,292 |
$13,893,025.16 |
0.56% |
| The Coca-Cola Company |
KO |
191216100 |
Consumer Staples |
155,401 |
$13,779,406.67 |
0.55% |
| Hilton Worldwide Holdings Inc. |
HLT |
43300A203 |
Consumer Discretionary |
42,161 |
$13,334,681.08 |
0.54% |
| IDACORP, Inc. |
IDA |
451107106 |
Utilities |
98,100 |
$13,357,296.00 |
0.54% |
| Equinix, Inc. |
EQIX |
29444U700 |
Real Estate |
12,293 |
$12,867,328.96 |
0.52% |
| Chubb Limited |
CB |
H1467J104 |
Financials |
35,105 |
$11,886,553.00 |
0.48% |
| GE Aerospace |
GE |
369604301 |
Industrials |
35,859 |
$12,038,224.89 |
0.48% |
| The Williams Companies, Inc. |
WMB |
969457100 |
Energy |
160,541 |
$12,048,602.05 |
0.48% |
| AngloGold Ashanti plc |
AU |
G0378L100 |
Materials |
105,297 |
$11,826,959.04 |
0.47% |
| Ross Stores, Inc. |
ROST |
778296103 |
Consumer Discretionary |
51,090 |
$11,676,108.60 |
0.47% |
| The Cigna Group |
CI |
125523100 |
Health Care |
42,280 |
$11,672,662.40 |
0.47% |
| The Travelers Companies, Inc. |
TRV |
89417E109 |
Financials |
31,492 |
$11,523,867.56 |
0.46% |
| Antero Midstream Corp. |
AM |
03676B102 |
Energy |
497,901 |
$11,162,940.42 |
0.45% |
| Curtiss-Wright Corporation |
CW |
231561101 |
Industrials |
19,228 |
$11,200,886.84 |
0.45% |
| Netflix, Inc. |
NFLX |
64110L106 |
Communication Services |
138,498 |
$11,225,262.90 |
0.45% |
| RTX Corporation |
RTX |
75513E101 |
Industrials |
53,571 |
$11,128,303.83 |
0.45% |
| US Foods Holding Corp. |
USFD |
912008109 |
Consumer Staples |
106,326 |
$11,147,217.84 |
0.45% |
| Merck & Co., Inc. |
MRK |
58933Y105 |
Health Care |
71,728 |
$10,598,529.28 |
0.43% |
| Philip Morris International Inc. |
PM |
718172109 |
Consumer Staples |
57,114 |
$10,697,452.20 |
0.43% |
| Vistra Corp. |
VST |
92840M102 |
Utilities |
75,663 |
$10,393,826.31 |
0.42% |
| British American Tobacco Plc (ADR) |
BTI |
110448107 |
Consumer Staples |
184,449 |
$10,249,830.93 |
0.41% |
| DT Midstream, Inc. |
DTM |
23345M107 |
Energy |
74,723 |
$9,790,207.46 |
0.39% |
| Sterling Infrastructure, Inc. |
STRL |
859241101 |
Industrials |
20,914 |
$9,831,043.98 |
0.39% |
| The Goldman Sachs Group, Inc. |
GS |
38141G104 |
Financials |
9,522 |
$9,768,619.80 |
0.39% |
| APA Corporation |
APA |
03743Q108 |
Energy |
215,346 |
$9,292,179.90 |
0.37% |
| Ciena Corporation |
CIEN |
171779309 |
Information Technology |
24,272 |
$9,291,321.60 |
0.37% |
| Advanced Micro Devices, Inc. |
AMD |
007903107 |
Information Technology |
18,875 |
$8,884,840.00 |
0.36% |
| The Toronto-Dominion Bank |
TD |
891160509 |
Financials |
74,700 |
$9,031,977.00 |
0.36% |
| CME Group Inc. |
CME |
12572Q105 |
Financials |
29,307 |
$8,367,148.50 |
0.34% |
| Digital Realty Trust, Inc. |
DLR |
253868103 |
Real Estate |
44,190 |
$8,201,222.10 |
0.33% |
| Yum! Brands, Inc. |
YUM |
988498101 |
Consumer Discretionary |
53,574 |
$8,213,429.94 |
0.33% |
| Advanced Energy Industries, Inc. |
AEIS |
007973100 |
Information Technology |
28,841 |
$7,984,919.26 |
0.32% |
| Kinder Morgan, Inc. |
KMI |
49456B101 |
Energy |
243,413 |
$7,847,635.12 |
0.32% |
| Allison Transmission Holdings, Inc. |
ALSN |
01973R101 |
Industrials |
58,811 |
$7,393,130.81 |
0.30% |
| ING Groep N.V. (ADR) |
ING |
456837103 |
Financials |
212,127 |
$7,492,325.64 |
0.30% |
| The Boeing Company |
BA |
097023105 |
Industrials |
35,182 |
$7,310,115.96 |
0.29% |
| The TJX Companies, Inc. |
TJX |
872540109 |
Consumer Discretionary |
54,458 |
$7,292,470.78 |
0.29% |
| APi Group Corporation |
APG |
00187Y100 |
Industrials |
180,848 |
$7,098,284.01 |
0.28% |
| Duke Energy Corporation |
DUK |
26441C204 |
Utilities |
58,669 |
$7,034,999.79 |
0.28% |
| Encompass Health Corporation |
EHC |
29261A100 |
Health Care |
57,764 |
$6,943,810.44 |
0.28% |
| Aflac Incorporated |
AFL |
001055102 |
Financials |
57,104 |
$6,615,498.40 |
0.27% |
| Prologis, Inc. |
PLD |
74340W103 |
Real Estate |
48,811 |
$6,829,635.12 |
0.27% |
| Southern Copper Corporation |
SCCO |
84265V105 |
Materials |
32,721 |
$6,834,435.27 |
0.27% |
| Taiwan Semiconductor Manufacturing Company Limited (ADR) |
TSM |
874039100 |
Information Technology |
15,954 |
$6,626,015.28 |
0.27% |
| Cboe Global Markets, Inc. |
CBOE |
12503M108 |
Financials |
21,460 |
$6,442,292.00 |
0.26% |
| East West Bancorp, Inc. |
EWBC |
27579R104 |
Financials |
51,482 |
$6,531,006.52 |
0.26% |
| Entergy Corporation |
ETR |
29364G103 |
Utilities |
60,567 |
$6,438,877.77 |
0.26% |
| ITT Inc. |
ITT |
45073V108 |
Industrials |
32,573 |
$6,524,046.17 |
0.26% |
| Royal Bank of Canada |
RY |
780087102 |
Financials |
30,779 |
$6,283,532.85 |
0.25% |
| UMB Financial Corporation |
UMBF |
902788108 |
Financials |
44,680 |
$6,328,028.40 |
0.25% |
| Unilever PLC (ADR) |
UL |
904767803 |
Consumer Staples |
94,708 |
$6,141,813.65 |
0.25% |
| Wells Fargo & Company |
WFC |
949746101 |
Financials |
72,722 |
$6,282,453.58 |
0.25% |
| AT&T Inc. |
T |
00206R102 |
Communication Services |
226,661 |
$5,868,253.29 |
0.24% |
| Cal-Maine Foods, Inc. |
CALM |
128030202 |
Consumer Staples |
74,477 |
$5,877,724.84 |
0.24% |
| DHT Holdings, Inc. |
DHT |
Y2065G121 |
Energy |
301,195 |
$5,903,422.00 |
0.24% |
| Urban Outfitters, Inc. |
URBN |
917047102 |
Consumer Discretionary |
72,566 |
$5,855,350.54 |
0.24% |
| BlackRock, Inc. |
BLK |
09290D101 |
Financials |
4,941 |
$5,709,869.01 |
0.23% |
| AerCap Holdings N.V. |
AER |
N00985106 |
Industrials |
36,937 |
$5,390,585.78 |
0.22% |
| Applied Materials, Inc. |
AMAT |
038222105 |
Information Technology |
11,913 |
$5,460,800.07 |
0.22% |
| Enbridge Inc. |
ENB |
29250N105 |
Energy |
108,496 |
$5,486,642.72 |
0.22% |
| Banco Santander S.A. (ADR) |
SAN |
05964H105 |
Financials |
360,699 |
$5,251,777.44 |
0.21% |
| Casey's General Stores, Inc. |
CASY |
147528103 |
Consumer Staples |
7,072 |
$5,319,629.12 |
0.21% |
| Everpure, Inc. (Class A) |
P |
74624M102 |
Information Technology |
55,964 |
$5,201,853.80 |
0.21% |
| Fluor Corporation |
FLR |
343412102 |
Industrials |
94,800 |
$5,167,548.00 |
0.21% |
| Watts Water Technologies, Inc. |
WTS |
942749102 |
Industrials |
14,582 |
$5,333,366.50 |
0.21% |
| International Business Machines Corporation |
IBM |
459200101 |
Information Technology |
20,883 |
$4,883,907.21 |
0.20% |
| Sabra Health Care REIT, Inc. |
SBRA |
78573L106 |
Real Estate |
242,419 |
$4,942,923.41 |
0.20% |
| The Charles Schwab Corporation |
SCHW |
808513105 |
Financials |
45,636 |
$5,011,745.52 |
0.20% |
| Cloudflare, Inc. (Class A) |
NET |
18915M107 |
Information Technology |
15,488 |
$4,725,543.68 |
0.19% |
| Dave Inc. (Class A) |
DAVE |
23834J201 |
Financials |
13,125 |
$4,718,700.00 |
0.19% |
| Energy Transfer LP |
ET |
29273V100 |
Energy |
216,476 |
$4,656,398.76 |
0.19% |
| MYR Group Inc. |
MYRG |
55405W104 |
Industrials |
16,510 |
$4,811,344.20 |
0.19% |
| Liberty Media Corp-Liberty Formula One (Class C) |
FWONK |
531229755 |
Communication Services |
44,732 |
$4,470,963.40 |
0.18% |
| Nextpower Inc. (Class A) |
NXT |
65290E101 |
Industrials |
55,981 |
$4,592,121.43 |
0.18% |
| The Bank of Nova Scotia |
BNS |
064149107 |
Financials |
48,784 |
$4,471,541.44 |
0.18% |
| Wabtec Corporation |
WAB |
929740108 |
Industrials |
15,414 |
$4,407,325.02 |
0.18% |
| Anheuser-Busch InBev S.A./N.V. (ADR) |
BUD |
03524A108 |
Consumer Staples |
53,096 |
$4,199,893.60 |
0.17% |
| BankUnited, Inc. |
BKU |
06652K103 |
Financials |
92,260 |
$4,207,056.00 |
0.17% |
| Ionis Pharmaceuticals, Inc. |
IONS |
462222100 |
Health Care |
70,439 |
$4,251,698.04 |
0.17% |
| OPENLANE Inc. |
OPLN |
48238T109 |
Industrials |
117,322 |
$4,176,663.20 |
0.17% |
| The Southern Company |
SO |
842587107 |
Utilities |
46,711 |
$4,110,568.00 |
0.17% |
| Gold Fields Limited (ADR) |
GFI |
38059T106 |
Materials |
83,557 |
$3,874,538.09 |
0.16% |
| NewMarket Corporation |
NEU |
651587107 |
Materials |
4,377 |
$3,929,232.90 |
0.16% |
| Evergy, Inc. |
EVRG |
30034W106 |
Utilities |
44,930 |
$3,640,228.60 |
0.15% |
| Leonardo DRS, Inc. |
DRS |
52661A108 |
Industrials |
96,713 |
$3,675,094.00 |
0.15% |
| The Gap, Inc. |
GAP |
364760108 |
Consumer Discretionary |
165,486 |
$3,691,992.66 |
0.15% |
| America Movil, S.A.B. de C.V. (ADR) |
AMX |
02390A101 |
Communication Services |
155,300 |
$3,578,112.00 |
0.14% |
| Rio Tinto plc (ADR) |
RIO |
767204100 |
Materials |
32,810 |
$3,363,025.00 |
0.14% |
| Robinhood Markets, Inc. (Class A) |
HOOD |
770700102 |
Financials |
34,386 |
$3,603,996.66 |
0.14% |
| Canadian Imperial Bank of Commerce |
CM |
136069101 |
Financials |
27,796 |
$3,155,401.92 |
0.13% |
| NiSource Inc. |
NI |
65473P105 |
Utilities |
81,603 |
$3,339,194.76 |
0.13% |
| Nordson Corporation |
NDSN |
655663102 |
Industrials |
10,135 |
$3,260,632.20 |
0.13% |
| Performance Food Group Company |
PFGC |
71377A103 |
Consumer Staples |
31,640 |
$3,137,738.80 |
0.13% |
| SolarEdge Technologies, Inc. |
SEDG |
83417M104 |
Information Technology |
98,293 |
$3,165,034.60 |
0.13% |
| Vale S.A. (ADR) |
VALE |
91912E105 |
Materials |
219,221 |
$3,308,044.89 |
0.13% |
| Bank of Montreal |
BMO |
063671101 |
Financials |
17,610 |
$2,999,159.10 |
0.12% |
| Deutsche Bank AG |
DB |
D18190898 |
Financials |
74,264 |
$2,975,015.84 |
0.12% |
| Simon Property Group, Inc. |
SPG |
828806109 |
Real Estate |
14,120 |
$2,997,958.40 |
0.12% |
| Xcel Energy Inc. |
XEL |
98389B100 |
Utilities |
37,896 |
$2,868,348.24 |
0.12% |
| Kimco Realty Corporation |
KIM |
49446R109 |
Real Estate |
115,227 |
$2,732,032.17 |
0.11% |
| Morgan Stanley |
MS |
617446448 |
Financials |
13,410 |
$2,860,621.20 |
0.11% |
| Toll Brothers, Inc. |
TOL |
889478103 |
Consumer Discretionary |
19,253 |
$2,761,842.85 |
0.11% |
| TotalEnergies SE |
TTE |
F92124100 |
Energy |
30,099 |
$2,658,042.69 |
0.11% |
| Alamos Gold Inc. |
AGI |
011532108 |
Materials |
66,696 |
$2,441,740.56 |
0.10% |
| Grand Canyon Education, Inc. |
LOPE |
38526M106 |
Consumer Discretionary |
16,144 |
$2,391,410.72 |
0.10% |
| NextEra Energy, Inc. |
NEE |
65339F101 |
Utilities |
30,019 |
$2,471,764.46 |
0.10% |
| American Electric Power Company, Inc. |
AEP |
025537101 |
Utilities |
19,134 |
$2,342,575.62 |
0.09% |
| CVB Financial Corp. |
CVBF |
126600105 |
Financials |
100,823 |
$2,235,245.91 |
0.09% |
| TKO Group Holdings, Inc. (Class A) |
TKO |
87256C101 |
Communication Services |
11,690 |
$2,134,710.90 |
0.09% |
| WEC Energy Group, Inc. |
WEC |
92939U106 |
Utilities |
22,242 |
$2,361,433.14 |
0.09% |
| Booking Holdings Inc. |
BKNG |
09857L108 |
Consumer Discretionary |
10,263 |
$2,043,260.67 |
0.08% |
| AMETEK, Inc. |
AME |
031100100 |
Industrials |
7,588 |
$1,784,469.96 |
0.07% |
| Cirrus Logic, Inc. |
CRUS |
172755100 |
Information Technology |
17,039 |
$1,865,940.89 |
0.07% |
| Edwards Lifesciences Corporation |
EW |
28176E108 |
Health Care |
18,418 |
$1,671,433.50 |
0.07% |
| Ferguson Enterprises Inc. |
FERG |
31488V107 |
Industrials |
7,213 |
$1,619,390.63 |
0.07% |
| NetEase, Inc. (ADR) |
NTES |
64110W102 |
Communication Services |
14,730 |
$1,793,819.40 |
0.07% |
| OSI Systems, Inc. |
OSIS |
671044105 |
Information Technology |
8,748 |
$1,818,796.68 |
0.07% |
| Sempra |
SRE |
816851109 |
Utilities |
22,823 |
$1,864,639.10 |
0.07% |
| ARMOUR Residential REIT, Inc. |
ARR |
042315705 |
Financials |
86,631 |
$1,405,154.82 |
0.06% |
| National Health Investors, Inc. |
NHI |
63633D104 |
Real Estate |
20,924 |
$1,487,905.64 |
0.06% |
| Arch Capital Group Ltd. |
ACGL |
G0450A105 |
Financials |
12,140 |
$1,190,569.80 |
0.05% |
| The Hartford Insurance Group, Inc. |
HIG |
416515104 |
Financials |
9,575 |
$1,315,413.50 |
0.05% |
| VICI Properties Inc. |
VICI |
925652109 |
Real Estate |
35,027 |
$898,442.55 |
0.04% |
| Weyerhaeuser Company |
WY |
962166104 |
Real Estate |
16,499 |
$385,581.63 |
0.02% |
| Canadian Dollar |
$CAD |
|
Other |
103,274 |
$74,533.75 |
0.00% |
| 2026-09-18 S&P 500® Index - Price Return C 7,825 |
SPX 260918C07825000 |
|
N/A |
-325 |
($802,750.00) |
-0.03% |
| 2026-09-18 S&P 500® Index - Price Return C 7,775 |
SPX 260918C07775000 |
|
N/A |
-340 |
($1,277,040.00) |
-0.05% |
| 2026-09-18 S&P 500® Index - Price Return C 7,750 |
SPX 260918C07750000 |
|
N/A |
-325 |
($1,703,650.00) |
-0.07% |
| 2026-10-16 S&P 500® Index - Price Return C 7,800 |
SPX 261016C07800000 |
|
N/A |
-325 |
($2,980,575.00) |
-0.12% |
| 2026-09-18 S&P 500® Index - Price Return C 7,650 |
SPX 260918C07650000 |
|
N/A |
-320 |
($3,395,200.00) |
-0.14% |
| 2026-10-16 S&P 500® Index - Price Return C 7,750 |
SPX 261016C07750000 |
|
N/A |
-325 |
($3,783,000.00) |
-0.15% |
| 2026-09-18 S&P 500® Index - Price Return C 7,600 |
SPX 260918C07600000 |
|
N/A |
-320 |
($4,681,600.00) |
-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.
|
|
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.
|