UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number
811-22717
First Trust Exchange-Traded Fund VI
(Exact name of registrant as specified in charter)
120 East Liberty Drive, Suite 400
Wheaton, IL 60187
(Address of principal executive offices) (Zip code)
W. Scott Jardine, Esq.
First Trust Portfolios L.P.
120 East Liberty Drive, Suite 400
Wheaton, IL 60187
(Name and address of agent for service)
Registrant's telephone number, including area code:
(630) 765-8000
Date of fiscal year end:
September 30
Date of reporting period:
September 30, 2025
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
The information presented in this Form N-CSR relates solely to the fund(s) for which a report is included in Item 1 below, each a series of the Registrant.
Item 1. Reports to Shareholders.
(a) Following is a copy of the annual reports transmitted to shareholders pursuant to Rule 30e-1 under the Act.
First Trust NASDAQ
Technology Dividend Index Fund
Technology Dividend Index Fund
TDIV |
ANNUAL SHAREHOLDER REPORT | September 30, 2025
This annual shareholder report contains important information about the First Trust NASDAQ Technology Dividend Index Fund (the “Fund”) for the year of October 1, 2024 to September 30, 2025 (the “Period”). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/TDIV. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust NASDAQ Technology Dividend Index Fund | $57 | 0.51%(1) |
|
(1) |
Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.50%. |
HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The Fund returned 24.78% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the S&P 500® Index, which returned 17.60% for the same Period.
During the Period, investments in the Semiconductors & Semiconductor Equipment industry received the greatest allocation of any industry, with an average weight of 38.4% and contributed 10.7% to the Fund’s overall return, which was the greatest return of any industry. Investments in the Media industry, with an average weight of 2.0% contributed -0.6% to the Fund’s overall return, which was the most negative contribution of any industry.
FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.
Investment Performance of $10,000
| Average Annual Total Returns (as of September 30, 2025) | 1 Year | 5 Year | 10 Year |
| First Trust NASDAQ Technology Dividend Index Fund | 24.78% | 19.88% | 17.62% |
| Nasdaq Technology DividendTM Index | 25.53% | 20.62% | 18.37% |
| S&P 500® Index | 17.60% | 16.47% | 15.30% |
| S&P 500® Information Technology Index | 28.22% | 23.29% | 25.22% |
Visit www.ftportfolios.com/etf/TDIV for more recent performance information.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
KEY FUND STATISTICS (As of September 30, 2025)
| Fund net assets | $3,755,982,441 |
| Total number of portfolio holdings | 95 |
| Total advisory fee paid | $15,093,192 |
| Portfolio turnover rate | 24% |
WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| International Business Machines Corp. | 8.7% |
| Broadcom, Inc. | 8.4% |
| Oracle Corp. | 8.3% |
| Microsoft Corp. | 7.7% |
| Texas Instruments, Inc. | 6.8% |
| Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 4.6% |
| QUALCOMM, Inc. | 3.9% |
| Analog Devices, Inc. | 2.5% |
| Applied Materials, Inc. | 2.3% |
| Lam Research Corp. | 2.1% |
Sector Allocation
WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/TDIV to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
OTHER INFORMATION
Nasdaq® and Nasdaq Technology DividendTM Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust Advisors L.P. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First Trust NASDAQ Technology Dividend Index Fund (TDIV)
Multi-Asset Diversified Income Index Fund
MDIV |
ANNUAL SHAREHOLDER REPORT | September 30, 2025
This annual shareholder report contains important information about the Multi-Asset Diversified Income Index Fund (the “Fund”) for the year of October 1, 2024 to September 30, 2025 (the “Period”). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/MDIV. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Multi-Asset Diversified Income Index Fund | $50(1) | 0.49%(1) (2) |
|
(1) |
Excludes any Acquired Fund Fees and Expenses of underlying investment companies in which the Fund invests. |
|
(2) |
Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.48%. |
HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The Fund returned 2.90% during the 12 months ended September 30, 2025. The Fund underperformed its benchmark, the S&P 500® Index, which returned 17.60% for the same Period.
The Fund seeks to invest approximately 20% of its assets in each of five categories: Equities, Real Estate Investment Trusts (“REITs”), Preferred Securities, Master Limited Partnerships, and a high-yield corporate debt exchange-traded fund (“ETF”). During the Period, the most significant positive contribution came from the allocation to the high-yield corporate debt ETF, the First Trust Tactical High Yield ETF, which contributed 1.4% to the Fund’s overall return. Of the five categories, investments in REITs had the most significant negative contribution to the Fund’s overall return of
-0.2%.
-0.2%.
FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.
Investment Performance of $10,000
| Average Annual Total Returns (as of September 30, 2025) | 1 Year | 5 Year | 10 Year |
| Multi-Asset Diversified Income Index Fund | 2.90% | 10.02% | 4.93% |
| Nasdaq US Multi-Asset Diversified IncomeTM Index | 3.51% | 10.65% | 5.54% |
| S&P 500® Index | 17.60% | 16.47% | 15.30% |
| Dow Jones U.S. Select DividendTM Index | 9.44% | 16.29% | 11.24% |
Visit www.ftportfolios.com/etf/MDIV for more recent performance information.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. The Fund’s total returns would have been lower if certain fees had not been waived by the investment advisor.
KEY FUND STATISTICS (As of September 30, 2025)
| Fund net assets | $430,527,849 |
| Total number of portfolio holdings | 125 |
| Total advisory fee paid | $2,128,667 |
| Portfolio turnover rate | 68% |
WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| First Trust Tactical High Yield ETF | 20.2% |
| Rayonier, Inc. | 1.6% |
| Icahn Enterprises, L.P. | 1.6% |
| TXO Partners, L.P. | 1.5% |
| Mach Natural Resources, L.P. | 1.4% |
| Black Stone Minerals, L.P. | 1.2% |
| Dorchester Minerals, L.P. | 1.1% |
| Alliance Resource Partners, L.P. | 1.1% |
| Kimbell Royalty Partners, L.P. | 1.1% |
| Ladder Capital Corp. | 1.0% |
Sector Allocation
WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/MDIV to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
OTHER INFORMATION
Nasdaq® and Nasdaq US Multi-Asset Diversified IncomeTM Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust Advisors L.P. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
Multi-Asset Diversified Income Index Fund (MDIV)
First Trust S&P
International Dividend Aristocrats ETF
International Dividend Aristocrats ETF
FID |
ANNUAL SHAREHOLDER REPORT | September 30, 2025
This annual shareholder report contains important information about the First Trust S&P International Dividend Aristocrats ETF (the “Fund”) for the year of October 1, 2024 to September 30, 2025 (the “Period”). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FID. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust S&P International Dividend Aristocrats ETF | $66 | 0.61%(1) |
|
(1)
|
Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%.
|
HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The Fund returned 16.39% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the MSCI World ex USA Index, which returned 16.03% for the same Period.
During the Period, investments in Canada received the greatest allocation of any country, with an average weight of 24.2% and contributed 3.5% to the Fund’s overall return, which was the greatest contribution of any country. Investments in Belgium, with an average weight of 1.9% contributed
-0.4% to the Fund’s overall return, which was the most negative contribution of any country. The Fund’s currency exposure had a -0.5% impact on the Fund’s performance.
-0.4% to the Fund’s overall return, which was the most negative contribution of any country. The Fund’s currency exposure had a -0.5% impact on the Fund’s performance.
FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.
Investment Performance of $10,000
| Average Annual Total Returns (as of September 30, 2025) | 1 Year | 5 Year | 10 Year |
| First Trust S&P International Dividend Aristocrats ETF | 16.39% | 11.37% | 6.72% |
| S&P International Dividend Aristocrats Index(1) | 17.88% | 13.06% | |
| Dow Jones EPAC Select DividendTM Index | 27.08% | 14.60% | 8.82% |
| MSCI World ex USA Index | 16.03% | 11.60% | 8.41% |
|
(1)
|
On August 30, 2018, the Fund’s underlying index changed from the Nasdaq International Multi-Asset Diversified IncomeTM Index to the S&P International Dividend Aristocrats Index (the “Index”). Therefore, the Fund’s performance and historical returns shown for the periods prior to August 30, 2018, are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. Since the Index had an inception date of April 30, 2018, it was not in existence for all of the periods disclosed. The old index was terminated on November 23, 2018, so performance data does not exist for these time periods.
|
Visit www.ftportfolios.com/etf/FID for more recent performance information.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
KEY FUND STATISTICS (As of September 30, 2025)
| Fund net assets | $120,823,619 |
| Total number of portfolio holdings | 75 |
| Total advisory fee paid | $559,837 |
| Portfolio turnover rate | 51% |
WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| APA Group | 2.6% |
| LG Uplus Corp. | 2.3% |
| EDP S.A. | 2.2% |
| Sino Land Co., Ltd. | 2.2% |
| Henderson Land Development Co., Ltd. | 2.2% |
| Bouygues S.A. | 2.2% |
| TELUS Corp. | 2.1% |
| Enel S.p.A. | 1.9% |
| Japan Metropolitan Fund Invest | 1.9% |
| China Resources Land Ltd. | 1.8% |
Sector Allocation
WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FID to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
OTHER INFORMATION
S&P International Dividend Aristocrats Index (“Index”) is a product of S&P Dow Jones Indices, LLC or its affiliates (“SPDJI”) and has been licensed for use by First Trust Advisors L.P. (“First Trust”). S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Index.
First Trust S&P International Dividend Aristocrats ETF (FID)
First Trust Rising Dividend Achievers ETF
RDVY |
ANNUAL SHAREHOLDER REPORT | September 30, 2025
This annual shareholder report contains important information about the First Trust Rising Dividend Achievers ETF (the “Fund”) for the year of October 1, 2024 to September 30, 2025 (the “Period”). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/RDVY. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust Rising Dividend Achievers ETF | $52 | 0.48% |
HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The Fund returned 15.25% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the Dow Jones U.S. Select DividendTM Index, which returned 9.44% for the same Period.
During the Period, investments in the Financials sector received the greatest allocation of any sector, with an average weight of 38.7% and contributed 8.7% to the Fund’s overall return, which was the greatest contribution of any sector. Investments in the Health Care sector, with an average weight of 2.5% contributed -0.5% to the Fund’s overall return, which was the most negative contribution of any sector.
FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.
Investment Performance of $10,000
| Average Annual Total Returns (as of September 30, 2025) | 1 Year | 5 Year | 10 Year |
| First Trust Rising Dividend Achievers ETF | 15.25% | 17.58% | 14.75% |
| Nasdaq US Rising Dividend AchieversTM Index | 15.83% | 18.22% | 15.37% |
| Dow Jones U.S. Select DividendTM Index | 9.44% | 16.29% | 11.24% |
| S&P 500® Index | 17.60% | 16.47% | 15.30% |
Visit www.ftportfolios.com/etf/RDVY for more recent performance information.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
KEY FUND STATISTICS (As of September 30, 2025)
| Fund net assets | $17,249,820,063 |
| Total number of portfolio holdings | 75 |
| Total advisory fee paid | $66,291,356 |
| Portfolio turnover rate | 69% |
WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| KLA Corp. | 2.7% |
| Alphabet, Inc., Class A | 2.5% |
| NVIDIA Corp. | 2.5% |
| eBay, Inc. | 2.4% |
| Applied Materials, Inc. | 2.4% |
| Mueller Industries, Inc. | 2.3% |
| Bank of New York Mellon (The) Corp. | 2.2% |
| Lam Research Corp. | 2.2% |
| JPMorgan Chase & Co. | 2.2% |
| Microsoft Corp. | 2.2% |
Sector Allocation
WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/RDVY to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
OTHER INFORMATION
Nasdaq® and Nasdaq US Rising Dividend AchieversTM Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust Advisors L.P. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First Trust Rising Dividend Achievers ETF (RDVY)
First Trust Dorsey Wright Focus 5 ETF
FV |
ANNUAL SHAREHOLDER REPORT | September 30, 2025
This annual shareholder report contains important information about the First Trust Dorsey Wright Focus 5 ETF (the “Fund”) for the year of October 1, 2024 to September 30, 2025 (the “Period”). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FV. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust Dorsey Wright Focus 5 ETF | $31(1) | 0.30%(1) |
|
(1) |
Excludes any Acquired Fund Fees and Expenses of underlying investment companies in which the Fund invests. |
HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The Fund returned 6.91% during the 12 months ended September 30, 2025. The Fund underperformed its benchmark, the S&P 500® Index, which returned 17.60% for the same Period.
During the Period, investments in the Information Technology sector received the greatest allocation of any sector, with an average weight of 22.4% and contributed -1.5% to the Fund’s overall return, which was the most negative contribution of any sector. With an average weight of 9.7%, investments in the Communication Services sector contributed 4.0% to the Fund’s overall return, which was the greatest contribution of any sector.
FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.
Investment Performance of $10,000
| Average Annual Total Returns (as of September 30, 2025) | 1 Year | 5 Year | 10 Year |
| First Trust Dorsey Wright Focus 5 ETF | 6.91% | 13.28% | 11.53% |
| Dorsey Wright Focus FiveTM Index | 7.22% | 13.67% | 11.92% |
| S&P 500® Index | 17.60% | 16.47% | 15.30% |
Visit www.ftportfolios.com/etf/FV for more recent performance information.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
KEY FUND STATISTICS (As of September 30, 2025)
| Fund net assets | $3,708,959,288 |
| Total number of portfolio holdings | 6 |
| Total advisory fee paid | $11,098,683 |
| Portfolio turnover rate | 60% |
WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| First Trust Dow Jones Internet Index Fund | 22.0% |
| First Trust Financials AlphaDEX® Fund | 20.3% |
| First Trust Industrials/Producer Durables AlphaDEX® Fund | 20.2% |
| First Trust Utilities AlphaDEX® Fund | 18.9% |
| First Trust NASDAQ-100 Ex-Technology Sector Index Fund | 18.4% |
| Dreyfus Government Cash Management Fund, Institutional Shares | 0.2% |
WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FV to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
OTHER INFORMATION
Nasdaq® and Dorsey Wright Focus FiveTM Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust Advisors L.P. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First Trust Dorsey Wright Focus 5 ETF (FV)
First Trust Dorsey Wright
Momentum & Dividend ETF
Momentum & Dividend ETF
DDIV |
ANNUAL SHAREHOLDER REPORT | September 30, 2025
This annual shareholder report contains important information about the First Trust Dorsey Wright Momentum & Dividend ETF (the “Fund”) for the year of October 1, 2024 to September 30, 2025 (the “Period”). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DDIV. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust Dorsey Wright Momentum & Dividend ETF | $65 | 0.61%(1) |
|
(1)
|
Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%.
|
HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The Fund returned 11.63% during the 12 months ended September 30, 2025. The Fund underperformed its benchmark, the S&P 500® Index, which returned 17.60% for the same Period.
During the Period, investments in the Financials sector received the greatest allocation of any sector, with an average weight of 35.8% and contributed 5.7% to the Fund’s overall return, which was the greatest contribution of any sector. Investments in the Materials sector, with an average weight of 2.4%, contributed -0.8% to the Fund’s overall return, which was the most negative contribution of any sector.
FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.
Investment Performance of $10,000
| Average Annual Total Returns (as of September 30, 2025) | 1 Year | 5 Year | 10 Year |
| First Trust Dorsey Wright Momentum & Dividend ETF | 11.63% | 17.03% | 10.19% |
| Dorsey Wright Momentum Plus Dividend YieldTMIndex(1) | 12.39% | 17.87% | |
| Dow Jones U.S. Select DividendTM Index | 9.44% | 16.29% | 11.24% |
| S&P 500® Index | 17.60% | 16.47% | 15.30% |
|
(1)
|
On September 6, 2018, the Fund’s underlying index changed from the Richard Bernstein Advisors Quality Income Index to the Dorsey Wright Momentum Plus Dividend YieldTM Index (the “Index”). Therefore, the Fund’s performance and historical returns shown for the periods prior to September 6, 2018, are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. Since the Index had an inception date of July 2, 2018, it was not in existence for all of the periods disclosed.
|
Visit www.ftportfolios.com/etf/DDIV for more recent performance information.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
KEY FUND STATISTICS (As of September 30, 2025)
| Fund net assets | $66,304,395 |
| Total number of portfolio holdings | 51 |
| Total advisory fee paid | $416,432 |
| Portfolio turnover rate | 157% |
WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| Simon Property Group, Inc. | 4.7% |
| Antero Midstream Corp. | 4.5% |
| Lamar Advertising Co., Class A | 4.0% |
| Regency Centers Corp. | 3.5% |
| Kinder Morgan, Inc. | 3.4% |
| AT&T, Inc. | 3.2% |
| American Electric Power Co., Inc. | 3.2% |
| Williams (The) Cos., Inc. | 3.2% |
| CME Group, Inc. | 3.1% |
| Hasbro, Inc. | 3.0% |
Sector Allocation
WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DDIV to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
OTHER INFORMATION
Nasdaq® and Dorsey Wright Momentum Plus Dividend YieldTM Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust Advisors L.P. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First Trust Dorsey Wright Momentum & Dividend ETF (DDIV)
First Trust RBA
American Industrial Renaissance® ETF
American Industrial Renaissance® ETF
AIRR |
ANNUAL SHAREHOLDER REPORT | September 30, 2025
This annual shareholder report contains important information about the First Trust RBA American Industrial Renaissance® ETF (the “Fund”) for the year of October 1, 2024 to September 30, 2025 (the “Period”). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/AIRR. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust RBA American Industrial Renaissance® ETF | $81 | 0.70% |
HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The Fund returned 30.04% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the S&P 500® Industrials Index, which returned 15.69% for the same Period.
During the Period, investments in the Construction & Engineering industry received the greatest allocation of any industry, with an average weight of 26.0% and contributed 17.7% to the Fund’s overall return, which was the greatest contribution of any industry. Investments in the Ground Transportation industry, with an average weight of 5.8%, contributed -2.4% to the Fund’s overall return, which was the most negative contribution of any industry.
FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.
Investment Performance of $10,000
| Average Annual Total Returns (as of September 30, 2025) | 1 Year | 5 Year | 10 Year |
| First Trust RBA American Industrial Renaissance® ETF | 30.04% | 30.60% | 20.51% |
| Richard Bernstein Advisors American Industrial Renaissance® Index | 31.05% | 31.58% | 21.39% |
| S&P 500® Index | 17.60% | 16.47% | 15.30% |
| S&P 500® Industrials Index | 15.69% | 16.82% | 13.79% |
| Russell 2500® Index | 10.16% | 12.09% | 10.52% |
Visit www.ftportfolios.com/etf/AIRR for more recent performance information.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
KEY FUND STATISTICS (As of September 30, 2025)
| Fund net assets | $5,584,360,695 |
| Total number of portfolio holdings | 57 |
| Total advisory fee paid | $24,193,932 |
| Portfolio turnover rate | 60% |
WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| Kratos Defense & Security Solutions, Inc. | 4.6% |
| Comfort Systems USA, Inc. | 3.9% |
| C.H. Robinson Worldwide, Inc. | 3.5% |
| BWX Technologies, Inc. | 3.4% |
| AAON, Inc. | 3.2% |
| MasTec, Inc. | 3.2% |
| Sterling Infrastructure, Inc. | 3.2% |
| Advanced Drainage Systems, Inc. | 3.1% |
| EMCOR Group, Inc. | 3.0% |
| Primoris Services Corp. | 3.0% |
Sector Allocation
WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/AIRR to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
OTHER INFORMATION
Richard Bernstein Advisors and Richard Bernstein Advisors American Industrial Renaissance® Index (“Index”) are trademarks and trade names of Richard Bernstein Advisors (“RBA”). The Fund is not sponsored, endorsed, sold or promoted by RBA and RBA makes no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of trading in the Fund. RBA has no obligation to take the needs of First Trust or the owners of the Fund into consideration in determining or composing the Index. RBA is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the Fund to be listed or in the determination or calculation of the equation by which the Fund is to be converted into cash. RBA has no obligation or liability in connection with the administration, marketing or trading of the Fund.
First Trust RBA American Industrial Renaissance® ETF (AIRR)
First Trust Dorsey Wright
International Focus 5 ETF
International Focus 5 ETF
IFV |
ANNUAL SHAREHOLDER REPORT | September 30, 2025
This annual shareholder report contains important information about the First Trust Dorsey Wright International Focus 5 ETF (the “Fund”) for the year of October 1, 2024 to September 30, 2025 (the “Period”). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/IFV. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust Dorsey Wright International Focus 5 ETF | $34(1) | 0.31%(1) (2) |
|
(1)
|
Excludes any Acquired Fund Fees and Expenses of underlying investment companies in which the Fund invests.
|
|
(2)
|
Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.30%.
|
HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The Fund returned 19.28% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the MSCI ACWI ex USA Index, which returned 16.45% for the same Period.
During the Period, investments in Switzerland received the greatest allocation of any country, with an average weight of 20.1% and contributed 2.8% to the Fund’s overall return. With an average weight of 9.0%, investments in China contributed 4.5% to the Fund’s overall return, which was the greatest contribution of any country. Investments in India, with an average weight of 14.5%, contributed -1.8% to the Fund’s overall return, which was the most negative contribution of any country. The Fund’s currency exposure had a 1.0% impact on the Fund’s performance.
FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.
Investment Performance of $10,000
| Average Annual Total Returns (as of September 30, 2025) | 1 Year | 5 Year | 10 Year |
| First Trust Dorsey Wright International Focus 5 ETF | 19.28% | 7.92% | 5.87% |
| Dorsey Wright International Focus FiveTM Index | 19.74% | 8.32% | 6.54% |
| MSCI ACWI ex USA Index | 16.45% | 10.26% | 8.23% |
Visit www.ftportfolios.com/etf/IFV for more recent performance information.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
KEY FUND STATISTICS (As of September 30, 2025)
| Fund net assets | $175,163,775 |
| Total number of portfolio holdings | 6 |
| Total advisory fee paid | $441,835 |
| Portfolio turnover rate | 80% |
WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| First Trust China AlphaDEX® Fund | 22.1% |
| First Trust Eurozone AlphaDEX® ETF | 20.0% |
| First Trust Germany AlphaDEX® Fund | 19.8% |
| First Trust United Kingdom AlphaDEX® Fund | 19.3% |
| First Trust Switzerland AlphaDEX® Fund | 18.6% |
| Dreyfus Government Cash Management Fund, Institutional Shares | 0.2% |
WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/IFV to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
OTHER INFORMATION
Nasdaq® and Dorsey Wright International Focus FiveTM Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust Advisors L.P. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First Trust Dorsey Wright International Focus 5 ETF (IFV)
First Trust Dorsey Wright
Dynamic Focus 5 ETF
Dynamic Focus 5 ETF
FVC |
ANNUAL SHAREHOLDER REPORT | September 30, 2025
This annual shareholder report contains important information about the First Trust Dorsey Wright Dynamic Focus 5 ETF (the “Fund”) for the year of October 1, 2024 to September 30, 2025 (the “Period”). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FVC. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust Dorsey Wright Dynamic Focus 5 ETF | $31(1) | 0.31%(1) (2) |
|
(1) |
Excludes any Acquired Fund Fees and Expenses of underlying investment companies in which the Fund invests. |
|
(2) |
Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.30%. |
HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The Fund returned 2.26% during the 12 months ended September 30, 2025. The Fund underperformed its benchmark, the S&P 500® Index, which returned 17.60% for the same Period.
During the Period, the First Trust Enhanced Short Maturity ETF (“FTSM”) received the greatest allocation of 40.2% and contributed 1.2% to the Fund’s overall return. Aside from FTSM, investments in the Information Technology sector during the Period received the greatest allocation of any sector, with an average weight of 17.2% and contributed -0.9% to the Fund’s overall return, which was the most negative of any sector. Investments in the Communication Services sector, with an average weight of 5.9%, contributed 2.0% to the Fund’s overall return, which was the greatest of any sector.
FUND PERFORMANCE (March 17, 2016 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.
Investment Performance of $10,000
| Average Annual Total Returns (as of September 30, 2025) | 1 Year | 5 Year | Since Inception (3/17/16) |
| First Trust Dorsey Wright Dynamic Focus 5 ETF | 2.26% | 7.92% | 7.36% |
| Dorsey Wright Dynamic Focus FiveTM Index | 2.53% | 8.37% | 7.75% |
| S&P 500® Index | 17.60% | 16.47% | 15.23% |
Visit www.ftportfolios.com/etf/FVC for more recent performance information.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
KEY FUND STATISTICS (As of September 30, 2025)
| Fund net assets | $111,839,098 |
| Total number of portfolio holdings | 7 |
| Total advisory fee paid | $396,634 |
| Portfolio turnover rate | 168% |
WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| First Trust Enhanced Short Maturity ETF | 52.2% |
| First Trust Dow Jones Internet Index Fund | 10.5% |
| First Trust Financials AlphaDEX® Fund | 9.7% |
| First Trust Industrials/Producer Durables AlphaDEX® Fund | 9.7% |
| First Trust Utilities AlphaDEX® Fund | 9.0% |
| First Trust NASDAQ-100 Ex-Technology Sector Index Fund | 8.8% |
| Dreyfus Government Cash Management Fund, Institutional Shares | 0.1% |
WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FVC to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
OTHER INFORMATION
Nasdaq® and Dorsey Wright Focus FiveTM Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust Advisors L.P. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC)
First Trust SMID Cap Rising
Dividend Achievers ETF
Dividend Achievers ETF
SDVY |
ANNUAL SHAREHOLDER REPORT | September 30, 2025
This annual shareholder report contains important information about the First Trust SMID Cap Rising Dividend Achievers ETF (the “Fund”) for the year of October 1, 2024 to September 30, 2025 (the “Period”). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/SDVY. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust SMID Cap Rising Dividend Achievers ETF | $61 | 0.59% |
HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The Fund returned 6.12% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the S&P 1000® Index, which returned 5.34% for the same Period.
During the Period, investments in the Financials sector received the greatest allocation of any sector, with an average weight of 32.6% and contributed 4.4% to the Fund’s overall return, which was the greatest contribution of any sector. Investments in the Energy and Materials sectors, with an average weight of 6.8% ad 5.5%, respectively, both contributed -0.4% to the Fund’s overall return, which were the most negative contributions of any sectors.
FUND PERFORMANCE (November 1, 2017 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.
Investment Performance of $10,000
| Average Annual Total Returns (as of September 30, 2025) | 1 Year | 5 Year | Since Inception (11/1/17) |
| First Trust SMID Cap Rising Dividend Achievers ETF | 6.12% | 17.85% | 10.38% |
| Nasdaq US Small Mid Cap Rising Dividend AchieversTM Index | 6.81% | 18.64% | 11.09% |
| S&P 1000® Index | 5.34% | 13.40% | 8.86% |
| Russell 3000® Index | 17.41% | 15.74% | 14.04% |
Visit www.ftportfolios.com/etf/SDVY for more recent performance information.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
KEY FUND STATISTICS (As of September 30, 2025)
| Fund net assets | $8,959,493,330 |
| Total number of portfolio holdings | 182 |
| Total advisory fee paid | $46,034,429 |
| Portfolio turnover rate | 85% |
WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| Comfort Systems USA, Inc. | 1.4% |
| InterDigital, Inc. | 1.3% |
| EMCOR Group, Inc. | 1.1% |
| Interactive Brokers Group, Inc., Class A | 1.1% |
| Perdoceo Education Corp. | 1.0% |
| Installed Building Products, Inc. | 1.0% |
| PriceSmart, Inc. | 1.0% |
| Clear Secure, Inc., Class A | 1.0% |
| Woodward, Inc. | 1.0% |
| Mueller Industries, Inc. | 1.0% |
Sector Allocation
WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/SDVY to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
OTHER INFORMATION
Nasdaq® and Nasdaq US Small Mid Cap Rising Dividend AchieversTM Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust Advisors L.P. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)
First Trust Indxx
Innovative Transaction & Process ETF
Innovative Transaction & Process ETF
LEGR |
ANNUAL SHAREHOLDER REPORT | September 30, 2025
This annual shareholder report contains important information about the First Trust Indxx Innovative Transaction & Process ETF (the “Fund”) for the year of October 1, 2024 to September 30, 2025 (the “Period”). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/LEGR. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust Indxx Innovative Transaction & Process ETF | $73 | 0.66%(1) |
|
(1) |
Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.65%. |
HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The Fund returned 21.13% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the S&P 500® Index, which returned 17.60% for the same Period.
During the Period, investments in the Financials sector received the greatest allocation of any sector, with an average weight of 40.4% and contributed 11.6% to the Fund’s overall return, which was the greatest contribution of any sector. Investments in the Health Care sector, with a average weight of 1.2%, contributed -0.4% to the Fund’s overall return, which was the most negative contribution of any sector. The Fund’s currency exposure had a 0.9% impact on the Fund’s performance.
FUND PERFORMANCE (January 24, 2018 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.
Investment Performance of $10,000
| Average Annual Total Returns (as of September 30, 2025) | 1 Year | 5 Year | Since Inception (1/24/18) |
| First Trust Indxx Innovative Transaction & Process ETF | 21.13% | 15.02% | 10.77% |
| Indxx Blockchain Index | 22.25% | 16.16% | 11.82% |
| S&P 500® Index | 17.60% | 16.47% | 13.68% |
Visit www.ftportfolios.com/etf/LEGR for more recent performance information.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
KEY FUND STATISTICS (As of September 30, 2025)
| Fund net assets | $115,196,936 |
| Total number of portfolio holdings | 109 |
| Total advisory fee paid | $639,424 |
| Portfolio turnover rate | 15% |
WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| Intel Corp. | 1.8% |
| Baidu, Inc., ADR | 1.6% |
| Alibaba Group Holding Ltd., ADR | 1.5% |
| Samsung Electronics Co., Ltd. | 1.5% |
| Micron Technology, Inc. | 1.5% |
| International Business Machines Corp. | 1.5% |
| Emirates Telecommunications Group Co. PJSC | 1.4% |
| Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 1.4% |
| NVIDIA Corp. | 1.4% |
| Infineon Technologies AG | 1.4% |
Sector Allocation
WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/LEGR to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
OTHER INFORMATION
Indxx and Indxx Blockchain Index (“Index”) are trademarks of Indxx, Inc. (“Indxx”) and have been licensed for use for certain purposes by First Trust Advisors L.P. (“First Trust”). The Fund is not sponsored, endorsed, sold or promoted by Indxx, and Indxx makes no representation regarding the advisability of trading in such product. The Index is determined, composed and calculated by Indxx without regard to First Trust or the Fund.
First Trust Indxx Innovative Transaction & Process ETF (LEGR)
First Trust Nasdaq
Artificial Intelligence and Robotics ETF
Artificial Intelligence and Robotics ETF
ROBT |
ANNUAL SHAREHOLDER REPORT | September 30, 2025
This annual shareholder report contains important information about the First Trust Nasdaq Artificial Intelligence and Robotics ETF (the “Fund”) for the year of October 1, 2024 to September 30, 2025 (the “Period”). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/ROBT. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust Nasdaq Artificial Intelligence and Robotics ETF | $73 | 0.66%(1) |
|
(1) |
Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.65%. |
HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The Fund returned 21.06% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the S&P 500® Index, which returned 17.60% for the same Period.
During the Period, investments in the Software industry received the greatest allocation of any industry, with an average weight of 32.7% and contributed 5.1% to the Fund’s overall return. With an average weight of 10.7%, investments in the Semiconductors & Semiconductor Equipment industry contributed 5.8% to the Fund’s overall return, which was the greatest contribution of any industry. Investments in the Consumer Staples Distribution & Retail industry contributed -0.9% to overall Fund return, the most negative contribution of any industry, and held an average weight of 1.8%. The Fund’s currency exposure had a 0.4% impact on the Fund’s performance.
FUND PERFORMANCE (February 21, 2018 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.
Investment Performance of $10,000
| Average Annual Total Returns (as of September 30, 2025) | 1 Year | 5 Year | Since Inception (2/21/18) |
| First Trust Nasdaq Artificial Intelligence and Robotics ETF | 21.06% | 6.61% | 8.10% |
| Nasdaq CTA Artificial Intelligence and RoboticsTM Index | 21.53% | 7.14% | 8.74% |
| S&P 500® Index | 17.60% | 16.47% | 14.54% |
Visit www.ftportfolios.com/etf/ROBT for more recent performance information.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
KEY FUND STATISTICS (As of September 30, 2025)
| Fund net assets | $609,895,121 |
| Total number of portfolio holdings | 119 |
| Total advisory fee paid | $3,091,833 |
| Portfolio turnover rate | 52% |
WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| RBC Dominion Securities, Inc. | 2.6% |
| JPMorgan Chase & Co. | 2.4% |
| PROS Holdings, Inc. | 1.9% |
| AeroVironment, Inc. | 1.7% |
| Bank of America Corp. | 1.7% |
| BigBear.ai Holdings, Inc. | 1.6% |
| SoundHound AI, Inc., Class A | 1.6% |
| UiPath, Inc., Class A | 1.5% |
| Palantir Technologies, Inc., Class A | 1.5% |
| International Business Machines Corp. | 1.5% |
Sector Allocation
WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/ROBT to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
OTHER INFORMATION
Nasdaq® and Nasdaq CTA Artificial Intelligence and RoboticsTM Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust Advisors L.P. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)
First Trust Dorsey Wright
Momentum & Low Volatility ETF
Momentum & Low Volatility ETF
DVOL |
ANNUAL SHAREHOLDER REPORT | September 30, 2025
This annual shareholder report contains important information about the First Trust Dorsey Wright Momentum & Low Volatility ETF (the “Fund”) for the year of October 1, 2024 to September 30, 2025 (the “Period”). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DVOL. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust Dorsey Wright Momentum & Low Volatility ETF | $63 | 0.61%(1) |
|
(1) |
Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. |
HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The Fund returned 7.86% during the 12 months ended September 30, 2025. The Fund underperformed its benchmark, the S&P 500® Index, which returned 17.60% for the same Period.
During the Period, investments in the Financials sector received the greatest allocation of any sector, with an average weight of 34.5% and contributed 4.3% to the Fund’s overall return, which was the greatest contribution of any sector. Investments in the Information Technology sector, with an average weight of 5.3%, contributed -1.3% to the Fund’s overall return, which was the most negative contribution of any sector.
FUND PERFORMANCE (September 5, 2018 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.
Investment Performance of $10,000
| Average Annual Total Returns (as of September 30, 2025) | 1 Year | 5 Year | Since Inception (9/5/18) |
| First Trust Dorsey Wright Momentum & Low Volatility ETF | 7.86% | 10.55% | 9.60% |
| Dorsey Wright Momentum Plus Low VolatilityTM Index | 8.53% | 11.25% | 10.31% |
| S&P 500® Index | 17.60% | 16.47% | 14.46% |
Visit www.ftportfolios.com/etf/DVOL for more recent performance information.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
KEY FUND STATISTICS (As of September 30, 2025)
| Fund net assets | $90,365,947 |
| Total number of portfolio holdings | 51 |
| Total advisory fee paid | $382,115 |
| Portfolio turnover rate | 152% |
WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
Sector Allocation
WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DVOL to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
OTHER INFORMATION
Nasdaq® and Dorsey Wright Momentum Plus Low VolatilityTM Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust Advisors L.P. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL)
First Trust Dorsey Wright
Momentum & Value ETF
Momentum & Value ETF
DVLU |
ANNUAL SHAREHOLDER REPORT | September 30, 2025
This annual shareholder report contains important information about the First Trust Dorsey Wright Momentum & Value ETF (the “Fund”) for the year of October 1, 2024 to September 30, 2025 (the “Period”). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DVLU. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust Dorsey Wright Momentum & Value ETF | $64 | 0.61%(1) |
|
(1) |
Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. |
HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The Fund returned 10.21% during the 12 months ended September 30, 2025. The Fund underperformed its benchmark, the S&P 500® Index, which returned 17.60% for the same Period.
During the Period, investments in the Financials sector received the greatest allocation of any sector, with an average weight of 51.2% and contributed 7.8% to the Fund’s overall return, which was the greatest contribution of any sector. Investments in the Consumer Discretionary sector, with an average weight of 8.5%, contributed -4.1% to the Fund’s overall return, which was the most negative contribution of any sector.
FUND PERFORMANCE (September 5, 2018 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.
Investment Performance of $10,000
| Average Annual Total Returns (as of September 30, 2025) | 1 Year | 5 Year | Since Inception (9/5/18) |
| First Trust Dorsey Wright Momentum & Value ETF | 10.21% | 19.06% | 9.27% |
| Dorsey Wright Momentum Plus ValueTM Index | 10.92% | 19.90% | 9.98% |
| S&P 500® Index | 17.60% | 16.47% | 14.46% |
Visit www.ftportfolios.com/etf/DVLU for more recent performance information.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
KEY FUND STATISTICS (As of September 30, 2025)
| Fund net assets | $33,605,410 |
| Total number of portfolio holdings | 51 |
| Total advisory fee paid | $180,805 |
| Portfolio turnover rate | 187% |
WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| Sandisk Corp. | 6.6% |
| Western Digital Corp. | 4.1% |
| Old Republic International Corp. | 3.1% |
| Tenet Healthcare Corp. | 3.0% |
| Allstate (The) Corp. | 2.9% |
| American Financial Group, Inc. | 2.9% |
| Popular, Inc. | 2.8% |
| Travelers (The) Cos., Inc. | 2.8% |
| Unum Group | 2.8% |
| Synchrony Financial | 2.7% |
Sector Allocation
WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DVLU to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
OTHER INFORMATION
Nasdaq® and Dorsey Wright Momentum Plus ValueTM Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust Advisors L.P. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First Trust Dorsey Wright Momentum & Value ETF (DVLU)
First Trust International Developed
Capital Strength® ETF
Capital Strength® ETF
FICS |
ANNUAL SHAREHOLDER REPORT | September 30, 2025
This annual shareholder report contains important information about the First Trust International Developed Capital Strength® ETF (the “Fund”) for the year of October 1, 2024 to September 30, 2025 (the “Period”). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FICS. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust International Developed Capital Strength® ETF | $72 | 0.71%(1) |
|
(1) |
Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%. |
HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The Fund returned 4.00% during the 12 months ended September 30, 2025. The Fund underperformed its benchmark, the MSCI World ex USA Index, which returned 16.03% for the same Period.
During the Period, investments in the Industrials sector received the greatest allocation of any sector, with an average weight of 24.1% and contributed 2.8% to the Fund’s overall return. With an average weight of 21.1%, investments in the Financials sector contributed 5.2% to the Fund’s overall Fund, which was the greatest contribution of any sector. Investments in the Information Technology sector, with an average weight of 8.9%, contributed -1.1% to the Fund’s overall return, which was the most negative contribution of any sector. The Fund’s currency exposure had a 2.1% impact on the Fund’s performance.
FUND PERFORMANCE (December 15, 2020 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.
Investment Performance of $10,000
| Average Annual Total Returns (as of September 30, 2025) | 1 Year | Since Inception (12/15/20) |
| First Trust International Developed Capital Strength® ETF | 4.00% | 6.76% |
| The International Developed Capital StrengthTM Index | 4.29% | 7.56% |
| MSCI World ex USA Index | 16.03% | 9.17% |
Visit www.ftportfolios.com/etf/FICS for more recent performance information.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
KEY FUND STATISTICS (As of September 30, 2025)
| Fund net assets | $214,423,696 |
| Total number of portfolio holdings | 52 |
| Total advisory fee paid | $1,326,634 |
| Portfolio turnover rate | 51% |
WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| Royal Bank of Canada | 2.5% |
| GEA Group AG | 2.4% |
| BHP Group Ltd. | 2.4% |
| GSK PLC | 2.3% |
| Reckitt Benckiser Group PLC | 2.3% |
| Kone Oyj, Class B | 2.3% |
| Sampo Oyj, Class A | 2.2% |
| Novartis AG | 2.2% |
| Schindler Holding AG | 2.2% |
| Rio Tinto PLC | 2.2% |
Sector Allocation
WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FICS to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
OTHER INFORMATION
Nasdaq® and The International Developed Capital StrengthTM Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust Advisors L.P. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
First Trust International Developed Capital Strength® ETF (FICS)
First Trust S&P 500 Economic Moat ETF
EMOT |
ANNUAL SHAREHOLDER REPORT | September 30, 2025
This annual shareholder report contains important information about the First Trust S&P 500 Economic Moat ETF (the “Fund”) for the year of October 1, 2024 to September 30, 2025 (the “Period”). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/EMOT. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust S&P 500 Economic Moat ETF | $65 | 0.61%(1) |
|
(1) |
Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. |
HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The Fund returned 13.82% during the 12 months ended September 30, 2025. The Fund underperformed its benchmark, the S&P 500® Index, which returned 17.60% for the same Period.
During the Period, investments in the Information Technology sector received the greatest allocation of any sector, with an average weight of 35.3% and contributed 8.9% to the Fund’s overall return, which was the greatest contribution of any sector. Investments in the Industrials sector, with an average allocation of 8.3%, contributed -0.5% to the Fund’s overall return, which was the most negative contribution of any sector.
FUND PERFORMANCE (June 26, 2024 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.
Investment Performance of $10,000
| Average Annual Total Returns (as of September 30, 2025) | 1 Year | Since Inception (6/26/24) |
| First Trust S&P 500 Economic Moat ETF | 13.82% | 16.24% |
| S&P 500® Economic Moat Index | 14.55% | 17.01% |
| S&P 500® Index | 17.60% | 18.67% |
Visit www.ftportfolios.com/etf/EMOT for more recent performance information.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
KEY FUND STATISTICS (As of September 30, 2025)
| Fund net assets | $4,792,267 |
| Total number of portfolio holdings | 50 |
| Total advisory fee paid | $24,604 |
| Portfolio turnover rate | 18% |
WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| Oracle Corp. | 3.0% |
| Lam Research Corp. | 2.8% |
| Tapestry, Inc. | 2.6% |
| Alphabet, Inc., Class C | 2.6% |
| NVIDIA Corp. | 2.5% |
| Broadcom, Inc. | 2.4% |
| Apple, Inc. | 2.4% |
| KLA Corp. | 2.3% |
| Jabil, Inc. | 2.3% |
| IDEXX Laboratories, Inc. | 2.3% |
Sector Allocation
WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/EMOT to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
OTHER INFORMATION
S&P 500® Economic Moat Index (“Index”) is a product of S&P Dow Jones Indices, LLC or its affiliates (“SPDJI”) and has been licensed for use by First Trust Advisors L.P. (“First Trust”). S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Index.
First Trust S&P 500 Economic Moat ETF (EMOT)
First Trust RBA Deglobalization ETF
DGLO |
ANNUAL SHAREHOLDER REPORT | September 30, 2025
This annual shareholder report contains important information about the First Trust RBA Deglobalization ETF (the “Fund”) for the period of August 6, 2025 (commencement of investment operations) to September 30, 2025 (the “Period”). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DGLO. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust RBA Deglobalization ETF | $11(1) | 0.70%(2) |
|
(1) |
The Fund commenced investment operations on August 6, 2025. Had the Fund been in operation for a complete fiscal year, the cost of a $10,000 investment would have been higher. |
|
(2) |
Annualized. |
HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND’S PERFORMANCE?
The Fund returned 3.26% from the Fund’s inception date on August 6, 2025 through September 30, 2025. The Fund underperformed its benchmark, the Russell 3000® Index, which returned 5.75% for the same period.
During the period, the Fund allocated an average weight of 78.2% to the Industrials sector, 12.3% to the Energy sector, and 8.0% to the Materials sector. Within the Industrials sector, the largest industry allocation was the 15.1% allocation to the Aerospace & Defense industry. Investments in this industry accounted for 1.8% of Fund’s overall return. The industry with the most negative contribution to the Fund’s return was the Ground Transportation industry, which received an allocation of 11.8% and caused a -0.3% drag on the Fund’s overall return.
FUND PERFORMANCE (August 6, 2025 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund’s performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.
Investment Performance of $10,000
| Average Annual Total Returns (as of September 30, 2025) | Since Inception (8/6/25) |
| First Trust RBA Deglobalization ETF | 3.26% |
| Richard Bernstein Advisors U.S. Deglobalization Index | 3.38% |
| Russell 3000® Index | 5.75% |
Visit www.ftportfolios.com/etf/DGLO for more recent performance information.
The Fund’s past performance is not a good predictor of the Fund’s future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
KEY FUND STATISTICS (As of September 30, 2025)
| Fund net assets | $1,028,242 |
| Total number of portfolio holdings | 126 |
| Total advisory fee paid | $1,075 |
| Portfolio turnover rate | 0% |
WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| Armstrong World Industries, Inc. | 2.2% |
| Packaging Corp. of America | 2.1% |
| Union Pacific Corp. | 2.1% |
| Republic Services, Inc. | 2.0% |
| CSX Corp. | 1.9% |
| Cintas Corp. | 1.9% |
| Broadridge Financial Solutions, Inc. | 1.9% |
| Mercury Systems, Inc. | 1.8% |
| Kratos Defense & Security Solutions, Inc. | 1.7% |
| General Dynamics Corp. | 1.6% |
Sector Allocation
WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DGLO to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.
OTHER INFORMATION
Richard Bernstein Advisors and Richard Bernstein Advisors U.S. Deglobalization Index (“Index”) are trademarks and trade names of Richard Bernstein Advisors (“RBA”). The Fund is not sponsored, endorsed, sold or promoted by RBA and RBA makes no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of trading in the Fund. RBA has no obligation to take the needs of First Trust or the owners of the Fund into consideration in determining or composing the Index. RBA is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the Fund to be listed or in the determination or calculation of the equation by which the Fund is to be converted into cash. RBA has no obligation or liability in connection with the administration, marketing or trading of the Fund.
First Trust RBA Deglobalization ETF (DGLO)
| (b) | Not applicable to the Registrant. |
Item 2. Code of Ethics.
| (a) | The First Trust Exchange-Traded Fund VI (“Registrant”), as of the end of the period covered by this report, has adopted a code of ethics that applies to the Registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the Registrant or a third party. |
| (c) | There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the Registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the Registrant or a third party, and that relates to any element of the code of ethics description. |
| (d) | The Registrant, during the period covered by this report, has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the Registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the Registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions. |
| (e) | Not applicable. |
| (f) | A copy of the code of ethics that applies to the Registrant’s principal executive officer, principal financial officer, principal accounting officer or controller is filed as an exhibit pursuant to Item 13(a)(1). |
Item 3. Audit Committee Financial Expert.
The Registrant’s Board of Trustees has determined that Thomas J. Driscoll, Thomas R. Kadlec and Robert F. Keith are qualified to serve as audit committee financial experts serving on its audit committee and that each of them is “independent,” as defined by Item 3 of Form N-CSR.
Item 4. Principal Accountant Fees and Services.
| (a) | Audit Fees (Registrant) -- The aggregate fees billed for professional services rendered by the principal accountant for the audit of the Registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements were $387,400 for the fiscal year ended 2024 and $353,900 for the fiscal year ended 2025. |
| (b) | Audit-Related Fees (Registrant) -- The aggregate fees billed for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the Registrant’s financial statements and are not reported under paragraph (a) of this Item were $0 for the fiscal year ended 2024 and $0 for the fiscal year ended 2025. |
Audit-Related Fees (Investment Advisor) -- The aggregate fees billed for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the Registrant’s financial statements and are not reported under paragraph (a) of this Item were $0 for the fiscal year ended 2024 and $0 for the fiscal year ended 2025.
Audit-Related Fees (Distributor) -- The aggregate fees billed for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the Registrant’s financial statements and are not reported under paragraph (a) of this Item were $0 for the fiscal year ended 2024 and $0 for the fiscal year ended 2025.
| (c) | Tax Fees (Registrant) -- The aggregate fees billed for professional services rendered by the principal accountant for tax return review and debt instrument tax analysis and reporting were $127,305 for the fiscal year ended 2024 and $94,252 for the fiscal year ended 2025. |
Tax Fees (Investment Advisor) -- The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning to the Registrant’s advisor were $0 for the fiscal year ended 2024 and $0 for the fiscal year ended 2025.
Tax Fees (Distributor) -- The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning to the Registrant’s distributor were $0 for the fiscal year ended 2024 and $0 for the fiscal year ended 2025.
These fees were for tax consultation and/or tax return preparation and professional services rendered for PFIC (Passive Foreign Investment Company) Identification Services.
| (d) | All Other Fees (Registrant) -- The aggregate fees billed for products and services provided by the principal accountant to the Registrant, other than the services reported in paragraphs (a) through (c) of this Item were $0 for the fiscal year ended 2024 and $0 for the fiscal year ended 2025. |
All Other Fees (Investment Advisor) -- The aggregate fees billed for products and services provided by the principal accountant to the Registrant’s investment advisor, other than the services reported in paragraphs (a) through (c) of this Item were $0 for the fiscal year ended 2024 and $0 for the fiscal year ended 2025.
All Other Fees (Distributor) -- The aggregate fees billed for products and services provided by the principal accountant to the Registrant’s distributor, other than the services reported in paragraphs (a) through (c) of this Item were $0 for the fiscal year ended 2024 and $0 for the fiscal year ended 2025.
(e)(1) Disclose the audit committee’s pre-approval policies and procedures described in paragraph (c) (7) of Rule 2-01 of Regulation S-X.
Pursuant to its charter and its Audit and Non-Audit Services Pre-Approval Policy, the Audit Committee (the “Committee”) is responsible for the pre-approval of all audit services and permitted non-audit services (including the fees and terms thereof) to be performed for the Registrant by its independent auditors. The Chairman of the Committee is authorized to give such pre-approvals on behalf of the Committee up to $25,000 and report any such pre-approval to the full Committee.
The Committee is also responsible for the pre-approval of the independent auditor’s engagements for non-audit services with the Registrant’s advisor (not including a sub-advisor whose role is primarily portfolio management and is sub-contracted or overseen by another investment advisor) and any entity controlling, controlled by or under common control with the investment advisor that provides ongoing services to the Registrant, if the engagement relates directly to the operations and financial reporting of the Registrant, subject to the de minimis exceptions for non-audit services described in Rule 2-01 of Regulation S-X. If the independent auditor has provided non-audit services to the Registrant’s advisor (other than any sub-advisor whose role is primarily portfolio management and is sub-contracted with or overseen by another investment advisor) and any entity controlling, controlled by or under common control with the investment advisor that provides ongoing services to the Registrant that were not pre-approved pursuant to its policies, the Committee will consider whether the provision of such non-audit services is compatible with the auditor’s independence.
(e)(2) The percentage of services described in each of paragraphs (b) through (d) for the Registrant and the Registrant’s investment advisor and distributor of this Item that were approved by the audit committee pursuant to the pre-approval exceptions included in paragraph (c)(7)(i)(C) or paragraph(C)(7)(ii) of Rule 2-01 of Regulation S-X are as follows:
| Registrant: | Advisor and Distributor: | |
| (b) 0% | (b) 0% | |
| (c) 0% | (c) 0% | |
| (d) 0% | (d) 0% |
| (f) | The percentage of hours expended on the principal accountant’s engagement to audit the Registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was less than fifty percent. |
| (g) | The aggregate non-audit fees billed by the Registrant’s accountant for services rendered to the Registrant, and rendered to the Registrant’s investment advisor (not including any sub-advisor whose role is primarily portfolio management and is subcontracted with or overseen by another investment advisor), and any entity controlling, controlled by, or under common control with the advisor that provides ongoing services to the Registrant for the fiscal year ended 2024 were $127,305 for the Registrant, $28,600 for the Registrant’s investment advisor and $33,000 for the Registrant’s distributor; and for the fiscal year ended 2025 were $94,252 for the Registrant, $28,080 for the Registrant’s investment advisor and $32,400 for the Registrant’s distributor. |
| (h) | The Registrant’s audit committee of its Board of Trustees has determined that the provision of non-audit services that were rendered to the Registrant’s investment advisor (not including any sub-advisor whose role is primarily portfolio management and is subcontracted with or overseen by another investment advisor), and any entity controlling, controlled by, or under common control with the investment advisor that provides ongoing services to the Registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence. |
(i) Not applicable to the Registrant.
(j) Not applicable to the Registrant.
Item 5. Audit Committee of Listed Registrants.
| (a) | The Registrant has a separately designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934 consisting of all the independent directors of the Registrant. The audit committee of the Registrant is comprised of: Thomas J. Driscoll, Richard E. Erickson, Thomas R. Kadlec, Denise M. Keefe, Robert F. Keith, Niel B. Nielson and Bronwyn Wright. |
| (b) | Not applicable to the Registrant. |
Item 6. Investments.
| (a) | The Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included in the Financial Statements and Other Information filed under Item 7(a) of this Form N-CSR. |
| (b) | Not applicable to the Registrant. |
Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.
| (a) | Following is a copy of the annual financial statement(s) required, and for the periods specified, by Regulation S-X. |
|
Annual
Financial
Statements
and
Other
Information |
|
For
the Year Ended
September
30, 2025 |
First
Trust Exchange-Traded Fund VI
|
First
Trust NASDAQ Technology Dividend Index Fund (TDIV) |
|
Multi-Asset
Diversified Income Index Fund (MDIV) |
|
First
Trust S&P International Dividend Aristocrats ETF (FID) |
|
First
Trust Rising Dividend Achievers ETF (RDVY) |
|
First
Trust Dorsey Wright Focus 5 ETF (FV) |
|
First
Trust Dorsey Wright Momentum & Dividend ETF (DDIV) |
|
First
Trust RBA American Industrial Renaissance® ETF (AIRR) |
|
First
Trust Dorsey Wright International Focus 5 ETF (IFV) |
|
First
Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) |
|
First
Trust SMID Cap Rising Dividend Achievers ETF (SDVY) |
|
First
Trust Indxx Innovative Transaction & Process ETF (LEGR) |
|
First
Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) |
|
First
Trust Dorsey Wright Momentum & Low Volatility ETF
(DVOL)
|
|
First
Trust Dorsey Wright Momentum & Value ETF (DVLU) |
|
First
Trust International Developed Capital Strength® ETF (FICS) |
|
First
Trust S&P 500 Economic Moat ETF (EMOT) |
Table
of Contents
First Trust Exchange-Traded
Fund VI
Annual Financial Statements and Other Information
September 30, 2025
Annual Financial Statements and Other Information
September 30, 2025
|
1
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4
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10
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13
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15
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|
16
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18
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|
21
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|
22
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|
23
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|
27
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|
32
| |
|
37
| |
|
39
| |
|
41
| |
|
44
| |
|
46
| |
|
50
| |
|
54
| |
|
61
| |
|
77
| |
|
94
| |
|
96
|
Performance and Risk Disclosure
There is no assurance that any
series of First Trust Exchange-Traded Fund VI (the “Trust”) described in this report (each such series is referred
to as a “Fund” and collectively, as the “Funds”) will achieve its investment objective. Each Fund is subject to
market risk, which is the possibility that the market
values of securities owned by the Fund will decline and that the value of the Fund’s shares may therefore
be less than what you paid for them. Accordingly, you can lose money by investing in a Fund.
Performance data quoted represents
past performance, which is no guarantee of future results, and current performance may be lower or
higher than the figures shown. For the most recent month-end performance figures, please visit www.ftportfolios.com
or speak with your financial advisor. Investment returns,
net asset value and share price will fluctuate and Fund shares, when sold, may be worth more
or less than their original cost.
First Trust Advisors L.P., the
Funds’ advisor, may also periodically provide additional information on Fund performance on each Fund’s
webpage at www.ftportfolios.com.
How to Read This Report
This report contains information
that may help you evaluate your investment. It includes details about each Fund and presents data that provides
insight into each Fund’s performance and investment approach.
The material risks of investing
in each Fund are spelled out in its prospectus, statement of additional information, and other Fund regulatory
filings.
First Trust NASDAQ
Technology Dividend Index Fund (TDIV)
Portfolio of Investments
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS — 99.8% | |||||
|
|
Communications
Equipment —
5.0%
|
| |||
|
1,023,821
|
Cisco
Systems, Inc. |
$70,049,833
| |||
|
117,702
|
Ituran
Location and Control Ltd. |
4,204,315
| |||
|
149,717
|
Motorola
Solutions, Inc. |
68,464,087
| |||
|
3,152,666
|
Nokia
Oyj, ADR |
15,164,323
| |||
|
1,167,814
|
Telefonaktiebolaget
LM
Ericsson,
ADR |
9,657,822
| |||
|
30,814
|
Ubiquiti,
Inc. |
20,355,112
| |||
|
|
|
187,895,492
| |||
|
|
Diversified
Telecommunication Services
— 6.7%
|
| |||
|
2,415,019
|
AT&T,
Inc. |
68,200,137
| |||
|
78,621
|
Chunghwa
Telecom Co., Ltd.,
ADR
|
3,429,448
| |||
|
576,060
|
Cogent
Communications
Holdings,
Inc. |
22,091,901
| |||
|
267,595
|
Iridium
Communications, Inc. |
4,672,209
| |||
|
46,438
|
Shenandoah
Telecommunications
Co. |
623,198
| |||
|
339,992
|
Telefonica
Brasil S.A., ADR |
4,334,898
| |||
|
785,519
|
Telefonica
S.A., ADR |
3,990,436
| |||
|
318,428
|
Telkom
Indonesia Persero Tbk
PT,
ADR |
5,992,815
| |||
|
4,289,622
|
TELUS
Corp. |
67,647,339
| |||
|
1,599,275
|
Verizon
Communications, Inc. |
70,288,136
| |||
|
|
|
251,270,517
| |||
|
|
Electronic
Equipment,
Instruments
& Components —
5.0%
|
| |||
|
381,866
|
Amphenol
Corp., Class A |
47,255,918
| |||
|
104,151
|
Avnet,
Inc. |
5,445,014
| |||
|
31,036
|
Benchmark
Electronics, Inc. |
1,196,438
| |||
|
102,385
|
CDW
Corp. |
16,307,883
| |||
|
1,311
|
Climb
Global Solutions, Inc. |
176,775
| |||
|
738,388
|
Corning,
Inc. |
60,569,968
| |||
|
92,860
|
Ingram
Micro Holding Corp. |
1,995,561
| |||
|
10,198
|
PC
Connection, Inc. |
632,174
| |||
|
49,419
|
TD
SYNNEX Corp. |
8,092,361
| |||
|
196,355
|
TE
Connectivity PLC |
43,105,813
| |||
|
164,825
|
Vishay
Intertechnology, Inc. |
2,521,823
| |||
|
|
|
187,299,728
| |||
|
|
Interactive
Media & Services —
0.5%
|
| |||
|
103,830
|
JOYY,
Inc., ADR |
6,085,476
| |||
|
189,490
|
Match
Group, Inc. |
6,692,787
| |||
|
336,117
|
Weibo
Corp., ADR |
4,167,851
| |||
|
|
|
16,946,114
| |||
|
|
IT
Services — 9.8%
|
| |||
|
133,418
|
Amdocs
Ltd. |
10,946,947
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
IT
Services (Continued)
|
| |||
|
425,443
|
Cognizant
Technology Solutions
Corp.,
Class A |
$28,534,462
| |||
|
31,356
|
Hackett
Group (The), Inc. |
596,078
| |||
|
1,162,034
|
International
Business Machines
Corp.
|
327,879,513
| |||
|
678,331
|
Wipro
Ltd., ADR |
1,784,010
| |||
|
|
|
369,741,010
| |||
|
|
Media
— 1.7%
|
| |||
|
2,082,304
|
Comcast
Corp., Class A |
65,425,992
| |||
|
|
Professional
Services — 2.4%
|
| |||
|
82,024
|
Concentrix
Corp. |
3,785,408
| |||
|
28,683
|
CSG
Systems International, Inc. |
1,846,612
| |||
|
82,985
|
KBR,
Inc. |
3,924,361
| |||
|
57,801
|
Leidos
Holdings, Inc. |
10,922,077
| |||
|
19,164
|
Paycom
Software, Inc. |
3,988,795
| |||
|
79,034
|
RELX
PLC, ADR |
3,774,664
| |||
|
30,596
|
Science
Applications
International
Corp. |
3,040,324
| |||
|
142,102
|
SS&C
Technologies Holdings,
Inc.
|
12,612,973
| |||
|
297,155
|
Thomson
Reuters Corp. |
46,157,086
| |||
|
|
|
90,052,300
| |||
|
|
Semiconductors
&
Semiconductor
Equipment —
36.7%
|
| |||
|
172,254
|
Amkor
Technology, Inc. |
4,892,014
| |||
|
385,769
|
Analog
Devices, Inc. |
94,783,443
| |||
|
424,367
|
Applied
Materials, Inc. |
86,884,899
| |||
|
291,274
|
ASE
Technology Holding Co.,
Ltd.,
ADR |
3,230,229
| |||
|
951,422
|
Broadcom,
Inc. |
313,883,632
| |||
|
46,696
|
Entegris,
Inc. |
4,317,512
| |||
|
243,592
|
Himax
Technologies, Inc., ADR |
2,150,917
| |||
|
52,696
|
KLA
Corp. |
56,837,906
| |||
|
58,465
|
Kulicke
& Soffa Industries, Inc. |
2,376,018
| |||
|
599,775
|
Lam
Research Corp. |
80,309,872
| |||
|
779,118
|
Microchip
Technology, Inc. |
50,034,958
| |||
|
16,614
|
Monolithic
Power Systems, Inc. |
15,295,513
| |||
|
224,623
|
NXP
Semiconductors N.V. |
51,153,396
| |||
|
53,257
|
Power
Integrations, Inc. |
2,141,464
| |||
|
880,183
|
QUALCOMM,
Inc. |
146,427,244
| |||
|
43,369
|
Silicon
Motion Technology
Corp.,
ADR |
4,111,815
| |||
|
286,092
|
Skyworks
Solutions, Inc. |
22,023,362
| |||
|
70,887
|
STMicroelectronics
N.V. |
2,003,267
| |||
|
612,777
|
Taiwan
Semiconductor
Manufacturing
Co., Ltd., ADR |
171,142,488
| |||
|
1,397,391
|
Texas
Instruments, Inc. |
256,742,648
| |||
See
Notes to Financial Statements
Page
1
First Trust NASDAQ
Technology Dividend Index Fund (TDIV)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS (Continued) | |||||
|
|
Semiconductors
&
Semiconductor
Equipment
(Continued)
|
| |||
|
328,328
|
United
Microelectronics Corp.,
ADR
|
$2,488,726
| |||
|
30,079
|
Universal
Display Corp. |
4,320,247
| |||
|
|
|
1,377,551,570
| |||
|
|
Software
— 21.7%
|
| |||
|
50,442
|
A10
Networks, Inc. |
915,522
| |||
|
75,027
|
Adeia,
Inc. |
1,260,454
| |||
|
64,334
|
Clear
Secure, Inc., Class A |
2,147,469
| |||
|
56,805
|
Dolby
Laboratories, Inc.,
Class
A |
4,110,978
| |||
|
526,016
|
Gen
Digital, Inc. |
14,933,594
| |||
|
22,351
|
InterDigital,
Inc. |
7,716,236
| |||
|
89,751
|
Intuit,
Inc. |
61,291,855
| |||
|
32,689
|
Karooooo
Ltd. |
1,867,196
| |||
|
70,248
|
Magic
Software Enterprises Ltd. |
1,433,762
| |||
|
558,416
|
Microsoft
Corp. |
289,231,567
| |||
|
31,372
|
OneSpan,
Inc. |
498,501
| |||
|
416,561
|
Open
Text Corp. |
15,571,050
| |||
|
92,483
|
Opera
Ltd., ADR |
1,908,849
| |||
|
1,110,387
|
Oracle
Corp. |
312,285,240
| |||
|
34,018
|
Roper
Technologies, Inc. |
16,964,436
| |||
|
314,096
|
Salesforce,
Inc. |
74,440,752
| |||
|
31,088
|
SAP
SE, ADR |
8,307,025
| |||
|
|
|
814,884,486
| |||
|
|
Technology
Hardware, Storage &
Peripherals — 5.5%
|
| |||
|
278,340
|
Dell
Technologies, Inc., Class C |
39,460,262
| |||
|
1,559,643
|
Hewlett
Packard Enterprise Co. |
38,304,832
| |||
|
1,932,491
|
HP,
Inc. |
52,621,730
| |||
|
100,646
|
Logitech
International S.A. |
11,038,853
| |||
|
189,907
|
NetApp,
Inc. |
22,496,383
| |||
|
187,448
|
Seagate
Technology
Holdings
PLC |
44,248,975
| |||
|
|
|
208,171,035
| |||
|
|
Wireless
Telecommunication Services
— 4.8%
|
| |||
|
968,871
|
Millicom
International Cellular
S.A.
|
47,028,998
| |||
|
1,324,111
|
Mobile
TeleSystems PJSC,
ADR
(a) (b) (c) (d) |
0
| |||
|
1,925,818
|
Rogers
Communications, Inc.,
Class
B |
66,382,947
| |||
|
280,708
|
T-Mobile
US, Inc. |
67,195,881
| |||
|
|
|
180,607,826
| |||
|
|
Total
Common Stocks |
3,749,846,070
| |||
|
|
(Cost
$2,580,805,283) |
| |||
|
Shares
|
Description
|
Value
| |||
|
MONEY
MARKET FUNDS — 0.1% | |||||
|
2,320,083
|
Dreyfus
Government Cash
Management
Fund,
Institutional
Shares -
4.04%
(e) |
$2,320,083
| |||
|
|
(Cost
$2,320,083) |
| |||
|
| |||||
|
| |||||
|
|
Total
Investments — 99.9% |
3,752,166,153
| |||
|
|
(Cost
$2,583,125,366) |
| |||
|
|
Net
Other Assets and
Liabilities
— 0.1% |
3,816,288
| |||
|
|
Net
Assets — 100.0% |
$3,755,982,441
| |||
|
(a)
|
Pursuant
to procedures adopted by the Trust’s Board of
Trustees,
this security has been determined to be illiquid by
First
Trust Advisors L.P., the Fund’s advisor. |
|
(b)
|
Non-income
producing security. |
|
(c)
|
This
security is fair valued by the Advisor’s Pricing
Committee
in accordance with procedures approved by the
Trust’s
Board of Trustees, and in accordance with provisions
of
the Investment Company Act of 1940 and rules
thereunder,
as amended. At September 30, 2025, securities
noted
as such are valued at $0 or 0.0% of net assets. |
|
(d)
|
This
security’s value was determined using significant
unobservable
inputs (see Note
2A
- Portfolio Valuation in the
Notes
to Financial Statements). |
|
(e)
|
Rate
shown reflects yield as of September 30, 2025. |
|
Abbreviations
throughout the Portfolio of Investments: | |
|
ADR
|
–
American Depositary Receipt |
See
Notes to Financial Statements
Page
2
First Trust NASDAQ
Technology Dividend Index Fund (TDIV)
Portfolio of Investments (Continued)
September 30, 2025
Valuation Inputs
A
summary of the inputs used to value the Fund’s investments as of
September 30, 2025 is as follows (see Note 2A
- Portfolio Valuation in the Notes to Financial Statements):
|
|
Total
Value
at
9/30/2025
|
Level
1
Quoted
Prices
|
Level
2
Significant
Observable
Inputs
|
Level
3
Significant
Unobservable
Inputs
|
|
Common
Stocks: |
|
|
|
|
|
Wireless
Telecommunication
Services
|
$ 180,607,826
|
$ 180,607,826
|
$ —
|
$ —**
|
|
Other
Industry
Categories*
|
3,569,238,244
|
3,569,238,244
|
—
|
—
|
|
Money
Market
Funds
|
2,320,083
|
2,320,083
|
—
|
—
|
|
Total
Investments |
$3,752,166,153
|
$3,752,166,153
|
$—
|
$—**
|
|
*
|
See
Portfolio of Investments for industry breakout. |
|
**
|
Investment
is valued at $0. |
Level 3 investments are fair
valued by the Advisor’s Pricing Committee and
are footnoted in the Portfolio of Investments. All Level
3 values are based on unobservable inputs.
See
Notes to Financial Statements
Page
3
Multi-Asset Diversified
Income Index Fund (MDIV)
Portfolio of Investments
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS — 20.3% | |||||
|
|
Banks
— 4.7%
|
| |||
|
22,962
|
Bank
of Hawaii Corp. |
$1,507,226
| |||
|
73,499
|
CVB
Financial Corp. |
1,389,866
| |||
|
62,073
|
First
Busey Corp. |
1,436,990
| |||
|
52,233
|
First
Financial Bancorp |
1,318,883
| |||
|
57,122
|
First
Hawaiian, Inc. |
1,418,339
| |||
|
186,833
|
Northwest
Bancshares, Inc. |
2,314,861
| |||
|
91,796
|
Provident
Financial Services, Inc. |
1,769,827
| |||
|
50,567
|
Regions
Financial Corp. |
1,333,452
| |||
|
73,324
|
Simmons
First National Corp., Class A |
1,405,621
| |||
|
35,128
|
Truist
Financial Corp. |
1,606,052
| |||
|
31,491
|
U.S.
Bancorp |
1,521,960
| |||
|
37,565
|
United
Bankshares, Inc. |
1,397,794
| |||
|
51,761
|
WesBanco,
Inc. |
1,652,729
| |||
|
|
|
20,073,600
| |||
|
|
Beverages
— 0.3%
|
| |||
|
9,362
|
PepsiCo,
Inc. |
1,314,799
| |||
|
|
Capital
Markets — 0.8%
|
| |||
|
71,283
|
Franklin
Resources, Inc. |
1,648,776
| |||
|
15,896
|
T.
Rowe Price Group, Inc. |
1,631,565
| |||
|
|
|
3,280,341
| |||
|
|
Chemicals
— 0.3%
|
| |||
|
22,336
|
Eastman
Chemical Co. |
1,408,285
| |||
|
|
Containers
& Packaging — 0.3%
|
| |||
|
34,082
|
Sonoco
Products Co. |
1,468,593
| |||
|
|
Diversified
Telecommunication Services — 0.8%
|
| |||
|
47,790
|
AT&T,
Inc. |
1,349,589
| |||
|
49,527
|
Verizon
Communications, Inc. |
2,176,712
| |||
|
|
|
3,526,301
| |||
|
|
Electric
Utilities — 2.0%
|
| |||
|
38,549
|
Edison
International |
2,130,989
| |||
|
23,957
|
Eversource
Energy |
1,704,301
| |||
|
32,282
|
FirstEnergy
Corp. |
1,479,161
| |||
|
15,278
|
Pinnacle
West Capital Corp. |
1,369,826
| |||
|
39,789
|
Portland
General Electric Co. |
1,750,716
| |||
|
|
|
8,434,993
| |||
|
|
Financial
Services — 0.9%
|
| |||
|
465,536
|
Western
Union (The) Co. |
3,719,633
| |||
|
|
Food
Products — 2.9%
|
| |||
|
52,226
|
Campbell’s
(The) Co. |
1,649,297
| |||
|
138,533
|
Conagra
Brands, Inc. |
2,536,539
| |||
|
141,371
|
Flowers
Foods, Inc. |
1,844,892
| |||
|
34,475
|
General
Mills, Inc. |
1,738,229
| |||
|
55,747
|
Hormel
Foods Corp. |
1,379,181
| |||
|
12,650
|
J.M.
Smucker (The) Co. |
1,373,790
| |||
|
72,005
|
Kraft
Heinz (The) Co. |
1,875,010
| |||
|
|
|
12,396,938
| |||
|
|
Gas
Utilities — 1.4%
|
| |||
|
28,655
|
New
Jersey Resources Corp. |
1,379,738
| |||
See
Notes to Financial Statements
Page
4
Multi-Asset Diversified
Income Index Fund (MDIV)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS (Continued) | |||||
|
|
Gas
Utilities (Continued)
|
| |||
|
40,864
|
Northwest
Natural Holding Co. |
$1,836,020
| |||
|
18,844
|
Spire,
Inc. |
1,536,163
| |||
|
41,370
|
UGI
Corp. |
1,375,966
| |||
|
|
|
6,127,887
| |||
|
|
Health
Care Providers & Services — 0.3%
|
| |||
|
52,188
|
Premier,
Inc., Class A |
1,450,826
| |||
|
|
Household
Products — 1.0%
|
| |||
|
66,827
|
Energizer
Holdings, Inc. |
1,663,324
| |||
|
10,739
|
Kimberly-Clark
Corp. |
1,335,287
| |||
|
60,917
|
Reynolds
Consumer Products, Inc. |
1,490,639
| |||
|
|
|
4,489,250
| |||
|
|
Insurance
— 0.8%
|
| |||
|
16,278
|
Prudential
Financial, Inc. |
1,688,680
| |||
|
24,034
|
Safety
Insurance Group, Inc. |
1,698,963
| |||
|
|
|
3,387,643
| |||
|
|
Multi-Utilities
— 0.4%
|
| |||
|
26,786
|
Black
Hills Corp. |
1,649,750
| |||
|
|
Oil,
Gas & Consumable Fuels — 1.0%
|
| |||
|
22,488
|
ONEOK,
Inc. |
1,640,949
| |||
|
72,234
|
Viper
Energy, Inc., Class A |
2,760,784
| |||
|
|
|
4,401,733
| |||
|
|
Pharmaceuticals
— 1.4%
|
| |||
|
41,610
|
Bristol-Myers
Squibb Co. |
1,876,611
| |||
|
16,829
|
Merck
& Co., Inc. |
1,412,458
| |||
|
102,499
|
Pfizer,
Inc. |
2,611,675
| |||
|
|
|
5,900,744
| |||
|
|
Tobacco
— 1.0%
|
| |||
|
33,876
|
Altria
Group, Inc. |
2,237,848
| |||
|
36,863
|
Universal
Corp. |
2,059,536
| |||
|
|
|
4,297,384
| |||
|
|
Total
Common Stocks |
87,328,700
| |||
|
|
(Cost
$89,292,903) |
| |||
|
EXCHANGE-TRADED
FUNDS — 20.2% | |||||
|
|
Capital
Markets — 20.2% |
| |||
|
2,069,305
|
First
Trust Tactical High Yield ETF (a) |
87,014,275
| |||
|
|
(Cost
$95,814,739) |
| |||
|
Shares
|
Description
|
Stated
Rate |
Stated
Maturity
|
Value
| |
|
$25
PAR PREFERRED SECURITIES — 20.1% | |||||
|
|
Banks
— 1.6%
|
| |||
|
143,395
|
Fifth
Third Bancorp, Series I (b) |
8.27%
|
(c)
|
3,643,667
| |
|
129,821
|
Synovus
Financial Corp., Series E (b) |
8.40%
|
(c)
|
3,420,783
| |
|
|
|
|
|
|
7,064,450
|
|
|
Capital
Markets — 2.7%
|
| |||
|
119,264
|
Morgan
Stanley, Series E |
7.13%
|
(c)
|
3,030,498
| |
|
116,721
|
Morgan
Stanley, Series F |
6.88%
|
(c)
|
2,935,533
| |
See
Notes to Financial Statements
Page
5
Multi-Asset Diversified
Income Index Fund (MDIV)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Stated
Rate |
Stated
Maturity
|
Value
| |
|
$25
PAR PREFERRED SECURITIES (Continued) | |||||
|
|
Capital
Markets (Continued)
|
| |||
|
109,566
|
Morgan
Stanley, Series I |
6.38%
|
(c)
|
$2,742,437
| |
|
113,120
|
TPG
Operating Group II, L.P. |
6.95%
|
03/15/64
|
2,920,759
| |
|
|
|
|
|
|
11,629,227
|
|
|
Consumer
Finance — 0.8%
|
| |||
|
131,882
|
Synchrony
Financial, Series B (b) |
8.25%
|
(c)
|
3,413,106
| |
|
|
Financial
Services — 1.7%
|
| |||
|
116,086
|
Apollo
Global Management, Inc. (b) |
7.63%
|
09/15/53
|
3,046,097
| |
|
138,712
|
Citigroup
Capital XIII, 3 Mo. CME Term SOFR +
CSA +
6.37%
(d) |
10.94%
|
10/30/40
|
4,184,941
| |
|
|
|
|
|
|
7,231,038
|
|
|
Food
Products — 1.5%
|
| |||
|
119,162
|
CHS,
Inc., Series 1 |
7.88%
|
(c)
|
3,169,709
| |
|
121,439
|
CHS,
Inc., Series 4 |
7.50%
|
(c)
|
3,114,911
| |
|
|
|
|
|
|
6,284,620
|
|
|
Hotel
& Resort REITs — 0.7%
|
| |||
|
120,122
|
RLJ
Lodging Trust, Series A |
1.95%
|
(c)
|
3,030,678
| |
|
|
Insurance
— 3.8%
|
| |||
|
130,729
|
Allstate
(The) Corp., 3 Mo. CME Term SOFR +
CSA +
3.17% (d) |
7.40%
|
01/15/53
|
3,415,949
| |
|
121,716
|
Athene
Holding Ltd. (b) |
7.25%
|
03/30/64
|
3,111,061
| |
|
122,190
|
F&G
Annuities & Life, Inc. |
7.95%
|
12/15/53
|
3,208,709
| |
|
131,476
|
Lincoln
National Corp., Series D |
9.00%
|
(c)
|
3,506,465
| |
|
115,338
|
Reinsurance
Group of America, Inc. (b) |
7.13%
|
10/15/52
|
2,981,487
| |
|
|
|
|
|
|
16,223,671
|
|
|
Mortgage
REITs — 6.4%
|
| |||
|
164,460
|
AGNC
Investment Corp., Series C, 3 Mo. CME Term SOFR +
CSA
+
5.11% (d) |
9.35%
|
(c)
|
4,287,472
| |
|
146,897
|
AGNC
Investment Corp., Series E, 3 Mo. CME Term SOFR +
CSA
+
4.99% (d) |
9.57%
|
(c)
|
3,775,253
| |
|
158,551
|
Annaly
Capital Management, Inc., Series F, 3 Mo. CME Term
SOFR
+
CSA +
4.99% (d) |
9.23%
|
(c)
|
4,009,755
| |
|
152,070
|
Annaly
Capital Management, Inc., Series G, 3 Mo. CME Term
SOFR
+
CSA +
4.17% (d) |
8.41%
|
(c)
|
3,819,998
| |
|
161,676
|
Annaly
Capital Management, Inc., Series I, 3 Mo. CME Term
SOFR
+
CSA +
4.99% (d) |
9.23%
|
(c)
|
4,096,870
| |
|
185,164
|
Chimera
Investment Corp., Series B, 3 Mo. CME Term SOFR +
CSA
+
5.79% (d) |
10.05%
|
(c)
|
4,460,601
| |
|
132,125
|
Rithm
Capital Corp., Series B, 3 Mo. CME Term SOFR +
CSA +
5.64%
(d) |
9.88%
|
(c)
|
3,358,617
| |
|
|
|
|
|
|
27,808,566
|
|
|
Multi-Utilities
— 0.9%
|
| |||
|
145,619
|
Algonquin
Power & Utilities Corp., Series 19-A, 3 Mo. CME Term
SOFR
+
CSA +
4.01% (d) |
8.86%
|
07/01/79
|
3,713,285
| |
|
|
Total
$25 Par Preferred Securities |
86,398,641
| |||
|
|
(Cost
$87,355,879) |
| |||
See
Notes to Financial Statements
Page
6
Multi-Asset Diversified
Income Index Fund (MDIV)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
REAL
ESTATE INVESTMENT TRUSTS — 19.7% | |||||
|
|
Diversified
REITs — 1.5%
|
|
|
|
|
|
146,971
|
Alexander
& Baldwin, Inc. |
$2,673,402
| |||
|
193,993
|
American
Assets Trust, Inc. |
3,941,938
| |||
|
|
|
|
|
|
6,615,340
|
|
|
Health
Care REITs — 3.9%
|
|
|
|
|
|
65,809
|
CareTrust
REIT, Inc. |
2,282,256
| |||
|
104,496
|
LTC
Properties, Inc. |
3,851,723
| |||
|
37,482
|
National
Health Investors, Inc. |
2,979,819
| |||
|
92,158
|
Omega
Healthcare Investors, Inc. |
3,890,911
| |||
|
198,316
|
Sabra
Health Care REIT, Inc. |
3,696,610
| |||
|
|
|
|
|
|
16,701,319
|
|
|
Hotel
& Resort REITs — 2.4%
|
|
|
|
|
|
374,781
|
Apple
Hospitality REIT, Inc. |
4,501,120
| |||
|
189,430
|
Host
Hotels & Resorts, Inc. |
3,224,098
| |||
|
27,586
|
Ryman
Hospitality Properties, Inc. |
2,471,430
| |||
|
|
|
|
|
|
10,196,648
|
|
|
Mortgage
REITs — 2.0%
|
|
|
|
|
|
412,855
|
Ladder
Capital Corp. |
4,504,248
| |||
|
382,341
|
Rithm
Capital Corp. |
4,354,864
| |||
|
|
|
|
|
|
8,859,112
|
|
|
Office
REITs — 0.6%
|
|
|
|
|
|
88,047
|
COPT
Defense Properties |
2,558,646
| |||
|
|
Retail
REITs — 3.3%
|
|
|
|
|
|
89,393
|
Brixmor
Property Group, Inc. |
2,474,398
| |||
|
27,353
|
Federal
Realty Investment Trust |
2,771,133
| |||
|
120,652
|
Kimco
Realty Corp. |
2,636,246
| |||
|
75,259
|
NNN
REIT, Inc. |
3,203,776
| |||
|
16,069
|
Simon
Property Group, Inc. |
3,015,669
| |||
|
|
|
|
|
|
14,101,222
|
|
|
Specialized
REITs — 6.0%
|
|
|
|
|
|
74,031
|
CubeSmart
|
3,010,100
| |||
|
66,368
|
EPR
Properties |
3,850,008
| |||
|
122,868
|
Four
Corners Property Trust, Inc. |
2,997,979
| |||
|
79,624
|
Gaming
and Leisure Properties, Inc. |
3,711,275
| |||
|
8,628
|
Public
Storage |
2,492,198
| |||
|
264,254
|
Rayonier,
Inc. |
7,013,301
| |||
|
89,458
|
VICI
Properties, Inc. |
2,917,225
| |||
|
|
|
|
|
|
25,992,086
|
|
|
Total
Real Estate Investment Trusts |
85,024,373
| |||
|
|
(Cost
$81,955,849) |
| |||
|
Units
|
Description
|
Value
| |||
|
MASTER
LIMITED PARTNERSHIPS — 19.2% | |||||
|
|
Energy
Equipment & Services — 0.9%
|
| |||
|
168,074
|
USA
Compression Partners, L.P. |
4,033,776
| |||
|
|
Industrial
Conglomerates — 1.6%
|
| |||
|
819,907
|
Icahn
Enterprises, L.P. |
6,903,617
| |||
See
Notes to Financial Statements
Page
7
Multi-Asset Diversified
Income Index Fund (MDIV)
Portfolio of Investments (Continued)
September 30, 2025
|
Units
|
Description
|
Value
| |||
|
MASTER
LIMITED PARTNERSHIPS (Continued) | |||||
|
|
Marine
Transportation — 0.0%
|
| |||
|
4,785
|
Navios
Maritime Partners, L.P. |
$215,564
| |||
|
|
Oil,
Gas & Consumable Fuels — 16.7%
|
| |||
|
187,914
|
Alliance
Resource Partners, L.P. |
4,751,405
| |||
|
396,608
|
Black
Stone Minerals, L.P. |
5,211,429
| |||
|
47,144
|
Cheniere
Energy Partners, L.P. |
2,537,290
| |||
|
199,041
|
CrossAmerica
Partners, L.P. |
4,185,832
| |||
|
92,974
|
Delek
Logistics Partners, L.P. |
4,234,036
| |||
|
189,500
|
Dorchester
Minerals, L.P. |
4,906,155
| |||
|
187,488
|
Energy
Transfer, L.P. |
3,217,294
| |||
|
91,114
|
Enterprise
Products Partners, L.P. |
2,849,135
| |||
|
48,838
|
Global
Partners, L.P. |
2,344,224
| |||
|
72,537
|
Hess
Midstream, L.P., Class A (e) |
2,506,153
| |||
|
338,867
|
Kimbell
Royalty Partners, L.P. (e) |
4,571,316
| |||
|
449,482
|
Mach
Natural Resources, L.P. |
5,924,173
| |||
|
60,750
|
MPLX,
L.P. |
3,034,462
| |||
|
18,230
|
Natural
Resource Partners, L.P. |
1,914,150
| |||
|
203,766
|
Plains
All American Pipeline, L.P. |
3,476,248
| |||
|
176,957
|
Plains
GP Holdings, L.P., Class A (e) |
3,227,696
| |||
|
56,659
|
Sunoco,
L.P. |
2,833,517
| |||
|
445,511
|
TXO
Partners, L.P. |
6,259,430
| |||
|
94,798
|
Western
Midstream Partners, L.P. |
3,724,613
| |||
|
|
|
71,708,558
| |||
|
|
Total
Master Limited Partnerships |
82,861,515
| |||
|
|
(Cost
$64,551,772) |
| |||
|
Shares
|
Description
|
Value
| |||
|
MONEY
MARKET FUNDS — 0.3% | |||||
|
1,085,324
|
Dreyfus
Government Cash Management Fund, Institutional Shares - 4.04% (f) |
1,085,324
| |||
|
|
(Cost
$1,085,324) |
| |||
|
| |||||
|
| |||||
|
|
Total
Investments — 99.8% |
429,712,828
| |||
|
|
(Cost
$420,056,466) |
| |||
|
|
Net
Other Assets and Liabilities — 0.2% |
815,021
| |||
|
|
Net
Assets — 100.0% |
$430,527,849
| |||
|
(a)
|
Investment
in an affiliated fund. |
|
(b)
|
Fixed-to-floating
or fixed-to-variable rate security. The interest rate shown reflects the fixed rate in effect at September 30, 2025.
At
a predetermined date, the fixed rate will change to a floating rate or a variable rate. |
|
(c)
|
Perpetual
maturity. |
|
(d)
|
Floating
or variable rate security. |
|
(e)
|
This
security is taxed as a “C” corporation for federal income tax purposes. |
|
(f)
|
Rate
shown reflects yield as of September 30, 2025. |
See
Notes to Financial Statements
Page
8
Multi-Asset Diversified
Income Index Fund (MDIV)
Portfolio of Investments (Continued)
September 30, 2025
Valuation Inputs
A summary
of the inputs used to value the Fund’s investments as of September 30, 2025 is as follows (see Note 2A
- Portfolio Valuation in the Notes to Financial Statements):
|
|
Total
Value
at
9/30/2025
|
Level
1
Quoted
Prices
|
Level
2
Significant
Observable
Inputs
|
Level
3
Significant
Unobservable
Inputs
|
|
Common
Stocks* |
$87,328,700
|
$87,328,700
|
$—
|
$—
|
|
Exchange-Traded
Funds* |
87,014,275
|
87,014,275
|
—
|
—
|
|
$25
Par Preferred Securities* |
86,398,641
|
86,398,641
|
—
|
—
|
|
Real
Estate Investment Trusts* |
85,024,373
|
85,024,373
|
—
|
—
|
|
Master
Limited Partnerships* |
82,861,515
|
82,861,515
|
—
|
—
|
|
Money
Market Funds |
1,085,324
|
1,085,324
|
—
|
—
|
|
Total
Investments |
$429,712,828
|
$429,712,828
|
$—
|
$—
|
|
*
|
See
Portfolio of Investments for industry breakout. |
See
Notes to Financial Statements
Page
9
First Trust S&P
International Dividend Aristocrats ETF (FID)
Portfolio of Investments
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS (a) — 99.2% | |||||
|
|
Air
Freight & Logistics — 1.5%
|
| |||
|
41,078
|
DHL
Group (EUR) |
$1,829,761
| |||
|
|
Automobile
Components — 2.9%
|
| |||
|
31,262
|
Magna
International, Inc. (CAD) |
1,481,222
| |||
|
77,800
|
Toyo
Tire Corp. (JPY) |
2,068,038
| |||
|
|
|
3,549,260
| |||
|
|
Banks
— 8.8%
|
| |||
|
1,634,195
|
Bank
of Communications Co.,
Ltd.,
Class H (HKD) |
1,371,288
| |||
|
8,910
|
Bank
of Montreal (CAD) |
1,161,047
| |||
|
20,888
|
Bank
of Nova Scotia (The)
(CAD)
|
1,350,658
| |||
|
10,226
|
Banque
Cantonale Vaudoise
(CHF)
|
1,206,233
| |||
|
13,126
|
Canadian
Imperial Bank of
Commerce
(CAD) |
1,048,892
| |||
|
201,144
|
China
Merchants Bank Co., Ltd.,
Class
H (HKD) |
1,208,629
| |||
|
65,296
|
DNB
Bank ASA (NOK) |
1,776,419
| |||
|
18,878
|
Toronto-Dominion
Bank (The)
(CAD)
|
1,509,480
| |||
|
|
|
10,632,646
| |||
|
|
Broadline
Retail — 1.2%
|
| |||
|
11,630
|
Canadian
Tire Corp. Ltd.,
Class
A (CAD) |
1,384,452
| |||
|
|
Capital
Markets — 3.8%
|
| |||
|
69,119
|
IG
Group Holdings PLC (GBP) |
1,001,159
| |||
|
30,606
|
IGM
Financial, Inc. (CAD) |
1,114,105
| |||
|
12,703
|
Julius
Baer Group Ltd. (CHF) |
877,026
| |||
|
318,776
|
Schroders
PLC (GBP) |
1,611,994
| |||
|
|
|
4,604,284
| |||
|
|
Chemicals
— 2.4%
|
| |||
|
55,100
|
Mitsui
Chemicals, Inc. (JPY) |
1,379,317
| |||
|
138,100
|
Zeon
Corp. (JPY) |
1,537,557
| |||
|
|
|
2,916,874
| |||
|
|
Construction
& Engineering —
2.1%
|
| |||
|
57,494
|
Bouygues
S.A. (EUR) |
2,586,639
| |||
|
|
Consumer
Finance — 0.9%
|
| |||
|
9,747
|
Cembra
Money Bank AG (CHF) |
1,119,733
| |||
|
|
Diversified
Telecommunication Services
— 9.7%
|
| |||
|
33,224
|
Elisa
Oyj (EUR) |
1,742,041
| |||
|
299,180
|
Emirates
Telecommunications
Group
Co. PJSC (AED) |
1,534,570
| |||
|
250,895
|
LG
Uplus Corp. (KRW) |
2,744,904
| |||
|
52,721
|
Quebecor,
Inc., Class B (CAD) |
1,660,009
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Diversified
Telecommunication
Services
(Continued)
|
| |||
|
2,147
|
Swisscom
AG (CHF) |
$1,557,556
| |||
|
160,414
|
TELUS
Corp. (CAD) |
2,526,604
| |||
|
|
|
11,765,684
| |||
|
|
Electric
Utilities — 12.2%
|
| |||
|
176,916
|
CK
Infrastructure Holdings Ltd.
(HKD)
|
1,161,715
| |||
|
157,160
|
CLP
Holdings Ltd. (HKD) |
1,301,597
| |||
|
562,501
|
EDP
S.A. (EUR) |
2,666,060
| |||
|
39,672
|
Emera,
Inc. (CAD) |
1,903,355
| |||
|
246,425
|
Enel
S.p.A. (EUR) |
2,333,624
| |||
|
26,884
|
Fortis,
Inc. (CAD) |
1,363,614
| |||
|
216,603
|
Power
Assets Holdings Ltd.
(HKD)
|
1,371,661
| |||
|
251,332
|
Saudi
Electricity Co. (SAR) |
1,018,008
| |||
|
153,510
|
Terna-Rete
Elettrica Nazionale
(EUR)
|
1,556,817
| |||
|
|
|
14,676,451
| |||
|
|
Financial
Services — 1.8%
|
| |||
|
2,441,285
|
Far
East Horizon Ltd. (HKD) |
2,155,196
| |||
|
|
Gas
Utilities — 2.5%
|
| |||
|
521,136
|
APA
Group (AUD) |
3,062,139
| |||
|
|
Health
Care Equipment & Supplies
— 1.3%
|
| |||
|
2,133,953
|
Shandong
Weigao Group
Medical
Polymer Co., Ltd.,
Class
H (HKD) |
1,593,208
| |||
|
|
Independent
Power and
Renewable
Electricity Producers
— 1.4%
|
| |||
|
70,027
|
ERG
S.p.A. (EUR) |
1,726,524
| |||
|
|
Industrial
Conglomerates — 1.0%
|
| |||
|
22,991
|
LG
Corp. (KRW) |
1,179,824
| |||
|
|
Industrial
REITs — 2.9%
|
| |||
|
730,199
|
LondonMetric
Property PLC
(GBP)
|
1,786,339
| |||
|
70,907
|
Warehouses
De Pauw C.V.A.
(EUR)
|
1,771,530
| |||
|
|
|
3,557,869
| |||
|
|
Insurance
— 9.9%
|
| |||
|
2,860
|
Allianz
SE (EUR) |
1,200,075
| |||
|
5,012
|
Baloise
Holding AG (CHF) |
1,236,552
| |||
|
28,293
|
Great-West
Lifeco, Inc. (CAD) |
1,148,228
| |||
|
4,679
|
Helvetia
Holding AG (CHF) |
1,144,402
| |||
|
609,756
|
Legal
& General Group PLC
(GBP)
|
1,951,744
| |||
|
210,863
|
Ping
An Insurance Group Co. of
China
Ltd., Class H (HKD) |
1,437,465
| |||
|
32,783
|
Power
Corp. of Canada (CAD) |
1,418,547
| |||
See
Notes to Financial Statements
Page
10
First Trust S&P
International Dividend Aristocrats ETF (FID)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS (a) (Continued) | |||||
|
|
Insurance
(Continued)
|
| |||
|
1,145
|
Swiss
Life Holding AG (CHF) |
$1,230,654
| |||
|
1,594
|
Zurich
Insurance Group AG
(CHF)
|
1,134,552
| |||
|
|
|
11,902,219
| |||
|
|
Machinery
— 2.6%
|
| |||
|
33,300
|
Takeuchi
Manufacturing Co.,
Ltd.
(JPY) |
1,166,406
| |||
|
58,514
|
Valmet
Oyj (EUR) |
1,942,796
| |||
|
|
|
3,109,202
| |||
|
|
Metals
& Mining — 1.2%
|
| |||
|
23,500
|
Yamato
Kogyo Co., Ltd. (JPY) |
1,445,103
| |||
|
|
Multi-Utilities
— 4.7%
|
| |||
|
526,458
|
A2A
S.p.A. (EUR) |
1,376,486
| |||
|
34,691
|
Atco
Ltd., Class I (CAD) |
1,255,825
| |||
|
60,708
|
Canadian
Utilities Ltd., Class A
(CAD)
|
1,698,184
| |||
|
311,881
|
Hera
S.p.A. (EUR) |
1,402,412
| |||
|
|
|
5,732,907
| |||
|
|
Office
REITs — 1.3%
|
| |||
|
1,879
|
Japan
Real Estate Investment
Corp.
(JPY) |
1,581,874
| |||
|
|
Oil,
Gas & Consumable Fuels —
5.0%
|
| |||
|
44,162
|
Canadian
Natural Resources Ltd.
(CAD)
|
1,412,092
| |||
|
44,111
|
Keyera
Corp. (CAD) |
1,479,876
| |||
|
38,305
|
Pembina
Pipeline Corp. (CAD) |
1,548,769
| |||
|
28,602
|
TC
Energy Corp. (CAD) |
1,555,158
| |||
|
|
|
5,995,895
| |||
|
|
Pharmaceuticals
— 2.5%
|
| |||
|
131,600
|
Ono
Pharmaceutical Co., Ltd.
(JPY)
|
1,515,467
| |||
|
49,900
|
Takeda
Pharmaceutical Co., Ltd.
(JPY)
|
1,455,986
| |||
|
|
|
2,971,453
| |||
|
|
Professional
Services — 0.9%
|
| |||
|
14,097
|
Teleperformance
SE (EUR) |
1,048,317
| |||
|
|
Real
Estate Management & Development
— 7.4%
|
| |||
|
558,019
|
China
Resources Land Ltd.
(HKD)
|
2,178,454
| |||
|
740,555
|
Henderson
Land Development
Co.,
Ltd. (HKD) |
2,611,277
| |||
|
230,000
|
Nomura
Real Estate Holdings,
Inc.
(JPY) |
1,468,323
| |||
|
2,096,236
|
Sino
Land Co., Ltd. (HKD) |
2,653,310
| |||
|
|
|
8,911,364
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Retail
REITs — 1.9%
|
| |||
|
2,959
|
Japan
Metropolitan Fund Invest
(JPY)
|
$2,274,999
| |||
|
|
Semiconductors
&
Semiconductor
Equipment —
1.2%
|
| |||
|
428,529
|
Vanguard
International
Semiconductor
Corp. (TWD) |
1,434,148
| |||
|
|
Tobacco
— 1.4%
|
| |||
|
18,237
|
KT&G
Corp. (KRW) |
1,736,548
| |||
|
|
Transportation
Infrastructure —
1.5%
|
| |||
|
1,584,153
|
Jiangsu
Expressway Co., Ltd.,
Class
H (HKD) |
1,836,180
| |||
|
|
Wireless
Telecommunication Services
— 1.3%
|
| |||
|
44,249
|
Rogers
Communications, Inc.,
Class
B (CAD) |
1,523,295
| |||
|
| |||||
|
| |||||
|
|
Total
Investments — 99.2% |
119,844,048
| |||
|
|
(Cost
$102,983,165) |
| |||
|
|
Net
Other Assets and
Liabilities
— 0.8% |
979,571
| |||
|
|
Net
Assets — 100.0% |
$120,823,619
| |||
|
(a)
|
Securities
are issued in U.S. dollars unless otherwise
indicated
in the security description. |
See
Notes to Financial Statements
Page
11
First Trust S&P
International Dividend Aristocrats ETF (FID)
Portfolio of Investments (Continued)
September 30, 2025
|
Currency
Exposure Diversification |
%
of Total
Investments
|
|
CAD
|
24.7%
|
|
EUR
|
19.3
|
|
HKD
|
17.4
|
|
JPY
|
13.3
|
|
CHF
|
7.9
|
|
GBP
|
5.3
|
|
KRW
|
4.7
|
|
AUD
|
2.6
|
|
NOK
|
1.5
|
|
AED
|
1.3
|
|
TWD
|
1.2
|
|
SAR
|
0.8
|
|
Total
|
100.0%
|
|
Country
Allocation†
|
%
of Net
Assets
|
|
Canada
|
24.4%
|
|
Japan
|
13.2
|
|
Hong
Kong |
8.3
|
|
Switzerland
|
7.9
|
|
Italy
|
6.9
|
|
China
|
6.2
|
|
United
Kingdom |
5.3
|
|
South
Korea |
4.7
|
|
Finland
|
3.0
|
|
France
|
3.0
|
|
Australia
|
2.5
|
|
Germany
|
2.5
|
|
Portugal
|
2.2
|
|
Cayman
Islands |
1.8
|
|
Norway
|
1.5
|
|
Belgium
|
1.5
|
|
United
Arab Emirates |
1.3
|
|
Taiwan
|
1.2
|
|
Bermuda
|
1.0
|
|
Saudi
Arabia |
0.8
|
|
Total
Investments |
99.2
|
|
Net
Other Assets and Liabilities |
0.8
|
|
Total
|
100.0%
|
|
†
|
Portfolio
securities are categorized based upon their country of
incorporation,
which can be different from the country
categorization
of the Fund’s underlying index. |
A
summary of the inputs used to value the Fund’s investments as of
September 30, 2025 is as follows (see Note 2A
- Portfolio Valuation in the Notes to Financial Statements):
|
|
Total
Value
at
9/30/2025
|
Level
1
Quoted
Prices
|
Level
2
Significant
Observable
Inputs
|
Level
3
Significant
Unobservable
Inputs
|
|
Common
Stocks* |
$ 119,844,048
|
$ 119,844,048
|
$ —
|
$ —
|
|
*
|
See
Portfolio of Investments for industry breakout. |
See
Notes to Financial Statements
Page
12
First Trust Rising
Dividend Achievers ETF (RDVY)
Portfolio of Investments
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS — 99.9% | |||||
|
|
Aerospace
& Defense — 1.7%
|
| |||
|
998,867
|
General
Electric Co. |
$300,479,171
| |||
|
|
Banks
— 7.1%
|
| |||
|
1,687,168
|
Bank
of America Corp. |
87,040,997
| |||
|
3,221,358
|
East
West Bancorp, Inc. |
342,913,559
| |||
|
1,194,663
|
JPMorgan
Chase & Co. |
376,832,550
| |||
|
407,967
|
M&T
Bank Corp. |
80,622,439
| |||
|
1,258,668
|
PNC
Financial Services Group
(The),
Inc. |
252,904,161
| |||
|
590,666
|
Wintrust
Financial Corp. |
78,227,805
| |||
|
|
|
1,218,541,511
| |||
|
|
Beverages
— 0.5%
|
| |||
|
730,174
|
Coca-Cola
Consolidated, Inc. |
85,547,186
| |||
|
|
Broadline
Retail — 2.4%
|
| |||
|
4,482,460
|
eBay,
Inc. |
407,679,737
| |||
|
|
Building
Products — 0.3%
|
| |||
|
178,501
|
Carlisle
Cos., Inc. |
58,719,689
| |||
|
|
Capital
Markets — 8.9%
|
| |||
|
308,311
|
Ameriprise
Financial, Inc. |
151,457,779
| |||
|
3,545,723
|
Bank
of New York Mellon (The)
Corp.
|
386,341,978
| |||
|
237,457
|
Blackrock,
Inc. |
276,843,993
| |||
|
733,345
|
Northern
Trust Corp. |
98,708,237
| |||
|
2,010,976
|
Raymond
James Financial, Inc. |
347,094,458
| |||
|
2,324,343
|
State
Street Corp. |
269,647,031
| |||
|
|
|
1,530,093,476
| |||
|
|
Chemicals
— 0.5%
|
| |||
|
909,188
|
CF
Industries Holdings, Inc. |
81,554,164
| |||
|
|
Commercial
Services & Supplies
— 0.5%
|
| |||
|
806,161
|
Veralto
Corp. |
85,944,824
| |||
|
|
Communications
Equipment —
0.5%
|
| |||
|
1,376,756
|
Cisco
Systems, Inc. |
94,197,646
| |||
|
|
Construction
& Engineering —
1.0%
|
| |||
|
1,379,228
|
AECOM
|
179,947,877
| |||
|
|
Consumer
Finance — 3.5%
|
| |||
|
1,045,027
|
American
Express Co. |
347,116,168
| |||
|
3,617,642
|
Synchrony
Financial |
257,033,464
| |||
|
|
|
604,149,632
| |||
|
|
Consumer
Staples Distribution &
Retail — 0.9%
|
| |||
|
165,331
|
Costco
Wholesale Corp. |
153,035,334
| |||
|
|
Electrical
Equipment — 1.1%
|
| |||
|
300,798
|
GE
Vernova, Inc. |
184,960,690
| |||
|
|
Energy
Equipment & Services —
2.1%
|
| |||
|
7,551,410
|
Baker
Hughes Co. |
367,904,695
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Entertainment
— 1.9%
|
| |||
|
1,633,866
|
Electronic
Arts, Inc. |
$329,550,772
| |||
|
|
Financial
Services — 3.2%
|
| |||
|
1,421,530
|
Equitable
Holdings, Inc. |
72,185,293
| |||
|
296,771
|
Mastercard,
Inc., Class A |
168,806,313
| |||
|
926,409
|
Visa,
Inc., Class A |
316,257,504
| |||
|
|
|
557,249,110
| |||
|
|
Ground
Transportation — 0.8%
|
| |||
|
918,936
|
Old
Dominion Freight Line, Inc. |
129,367,810
| |||
|
|
Health
Care Equipment & Supplies
— 1.9%
|
| |||
|
1,782,564
|
Abbott
Laboratories |
238,756,622
| |||
|
311,859
|
ResMed,
Inc. |
85,365,164
| |||
|
|
|
324,121,786
| |||
|
|
Health
Care Providers & Services
— 1.6%
|
| |||
|
595,922
|
Elevance
Health, Inc. |
192,554,317
| |||
|
105,930
|
McKesson
Corp. |
81,835,162
| |||
|
|
|
274,389,479
| |||
|
|
Hotels,
Restaurants & Leisure —
1.9%
|
| |||
|
60,369
|
Booking
Holdings, Inc. |
325,948,531
| |||
|
|
Household
Durables — 4.6%
|
| |||
|
1,099,746
|
D.R.
Horton, Inc. |
186,373,955
| |||
|
1,839,672
|
Lennar
Corp., Class A |
231,872,259
| |||
|
2,785,778
|
PulteGroup,
Inc. |
368,084,847
| |||
|
|
|
786,331,061
| |||
|
|
Insurance
— 12.3%
|
| |||
|
1,429,551
|
Aflac,
Inc. |
159,680,847
| |||
|
783,912
|
Allstate
(The) Corp. |
168,266,711
| |||
|
1,123,946
|
Chubb
Ltd. |
317,233,758
| |||
|
510,019
|
Cincinnati
Financial Corp. |
80,634,004
| |||
|
210,337
|
Everest
Group Ltd. |
73,666,327
| |||
|
2,556,298
|
Hartford
Insurance Group (The),
Inc.
|
340,984,590
| |||
|
2,005,457
|
Lincoln
National Corp. |
80,880,081
| |||
|
1,052,194
|
MetLife,
Inc. |
86,669,220
| |||
|
613,981
|
Progressive
(The) Corp. |
151,622,608
| |||
|
1,200,711
|
Travelers
(The) Cos., Inc. |
335,262,525
| |||
|
4,168,619
|
Unum
Group |
324,235,186
| |||
|
|
|
2,119,135,857
| |||
|
|
Interactive
Media & Services —
4.6%
|
| |||
|
1,787,668
|
Alphabet,
Inc., Class A |
434,582,091
| |||
|
492,578
|
Meta
Platforms, Inc., Class A |
361,739,432
| |||
|
|
|
796,321,523
| |||
See
Notes to Financial Statements
Page
13
First Trust Rising
Dividend Achievers ETF (RDVY)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS (Continued) | |||||
|
|
IT
Services — 3.0%
|
| |||
|
1,019,238
|
Accenture
PLC, Class A |
$251,344,091
| |||
|
4,077,226
|
Cognizant
Technology Solutions
Corp.,
Class A |
273,459,548
| |||
|
|
|
524,803,639
| |||
|
|
Machinery
— 6.4%
|
| |||
|
428,762
|
Dover
Corp. |
71,530,364
| |||
|
3,855,723
|
Mueller
Industries, Inc. |
389,852,153
| |||
|
3,094,339
|
PACCAR,
Inc. |
304,235,410
| |||
|
950,556
|
Snap-on,
Inc. |
329,396,171
| |||
|
|
|
1,095,014,098
| |||
|
|
Media
— 0.5%
|
| |||
|
1,433,963
|
Fox
Corp., Class A |
90,425,707
| |||
|
|
Oil,
Gas & Consumable Fuels —
0.9%
|
| |||
|
611,717
|
EOG
Resources, Inc. |
68,585,710
| |||
|
691,077
|
Exxon
Mobil Corp. |
77,918,932
| |||
|
|
|
146,504,642
| |||
|
|
Pharmaceuticals
— 0.5%
|
| |||
|
491,022
|
Johnson
& Johnson |
91,045,299
| |||
|
|
Professional
Services — 2.6%
|
| |||
|
1,029,422
|
Automatic
Data Processing, Inc. |
302,135,357
| |||
|
707,865
|
Paycom
Software, Inc. |
147,335,021
| |||
|
|
|
449,470,378
| |||
|
|
Semiconductors
&
Semiconductor
Equipment —
13.0%
|
| |||
|
1,980,094
|
Applied
Materials, Inc. |
405,404,445
| |||
|
435,196
|
KLA
Corp. |
469,402,406
| |||
|
2,817,284
|
Lam
Research Corp. |
377,234,328
| |||
|
345,563
|
Monolithic
Power Systems, Inc. |
318,139,120
| |||
|
2,271,217
|
NVIDIA
Corp. |
423,763,668
| |||
|
1,536,723
|
QUALCOMM,
Inc. |
255,649,238
| |||
|
|
|
2,249,593,205
| |||
|
|
Software
— 3.7%
|
| |||
|
724,014
|
Microsoft
Corp. |
375,003,051
| |||
|
1,130,870
|
Salesforce,
Inc. |
268,016,190
| |||
|
|
|
643,019,241
| |||
|
|
Specialty
Retail — 4.0%
|
| |||
|
2,209,499
|
Ross
Stores, Inc. |
336,705,552
| |||
|
1,801,866
|
Williams-Sonoma,
Inc. |
352,174,710
| |||
|
|
|
688,880,262
| |||
|
|
Technology
Hardware, Storage &
Peripherals — 1.5%
|
| |||
|
1,035,664
|
Apple,
Inc. |
263,711,124
| |||
|
|
Total
Common Stocks |
17,237,639,156
| |||
|
|
(Cost
$14,479,229,318) |
| |||
|
Shares
|
Description
|
Value
| |||
|
MONEY
MARKET FUNDS — 0.1% | |||||
|
10,120,844
|
Dreyfus
Government Cash
Management
Fund,
Institutional
Shares -
4.04%
(a) |
$10,120,844
| |||
|
|
(Cost
$10,120,844) |
| |||
|
| |||||
|
| |||||
|
|
Total
Investments — 100.0% |
17,247,760,000
| |||
|
|
(Cost
$14,489,350,162) |
| |||
|
|
Net
Other Assets and
Liabilities
— 0.0% |
2,060,063
| |||
|
|
Net
Assets — 100.0% |
$17,249,820,063
| |||
|
(a)
|
Rate
shown reflects yield as of September 30, 2025. |
A
summary of the inputs used to value the Fund’s investments as of
September 30, 2025 is as follows (see Note 2A
- Portfolio Valuation in the Notes to Financial Statements):
|
|
Total
Value
at
9/30/2025
|
Level
1
Quoted
Prices
|
Level
2
Significant
Observable
Inputs
|
Level
3
Significant
Unobservable
Inputs
|
|
Common
Stocks*
|
$ 17,237,639,156
|
$ 17,237,639,156
|
$ —
|
$ —
|
|
Money
Market
Funds
|
10,120,844
|
10,120,844
|
—
|
—
|
|
Total
Investments
|
$17,247,760,000
|
$17,247,760,000
|
$—
|
$—
|
|
*
|
See
Portfolio of Investments for industry breakout. |
See
Notes to Financial Statements
Page
14
First Trust Dorsey
Wright Focus 5 ETF (FV)
Portfolio of Investments
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
EXCHANGE-TRADED
FUNDS — 99.8% | |||||
|
|
Capital
Markets (a) — 99.8% |
| |||
|
2,912,896
|
First
Trust Dow Jones Internet
Index
Fund (b) |
$815,144,817
| |||
|
12,710,760
|
First
Trust Financials
AlphaDEX®
Fund |
754,892,036
| |||
|
9,587,901
|
First
Trust Industrials/Producer
Durables
AlphaDEX®
Fund |
748,431,552
| |||
|
6,917,523
|
First
Trust NASDAQ-100 Ex-
Technology
Sector Index
Fund
|
684,369,920
| |||
|
15,410,032
|
First
Trust Utilities AlphaDEX®
Fund
|
700,385,954
| |||
|
|
Total
Exchange-Traded Funds |
3,703,224,279
| |||
|
|
(Cost
$2,918,133,002) |
| |||
|
MONEY
MARKET FUNDS — 0.2% | |||||
|
6,639,039
|
Dreyfus
Government Cash
Management
Fund,
Institutional
Shares -
4.04%
(c) |
6,639,039
| |||
|
|
(Cost
$6,639,039) |
| |||
|
| |||||
|
| |||||
|
|
Total
Investments — 100.0% |
3,709,863,318
| |||
|
|
(Cost
$2,924,772,041) |
| |||
|
|
Net
Other Assets and
Liabilities
— (0.0)% |
(904,030
) | |||
|
|
Net
Assets — 100.0% |
$3,708,959,288
| |||
|
(a)
|
Represents
investments in affiliated funds. |
|
(b)
|
Non-income
producing security. |
|
(c)
|
Rate
shown reflects yield as of September 30, 2025. |
A
summary of the inputs used to value the Fund’s investments as of
September 30, 2025 is as follows (see Note 2A
- Portfolio Valuation in the Notes to Financial Statements):
|
|
Total
Value
at
9/30/2025
|
Level
1
Quoted
Prices
|
Level
2
Significant
Observable
Inputs
|
Level
3
Significant
Unobservable
Inputs
|
|
Exchange-Traded
Funds*
|
$ 3,703,224,279
|
$ 3,703,224,279
|
$ —
|
$ —
|
|
Money
Market
Funds
|
6,639,039
|
6,639,039
|
—
|
—
|
|
Total
Investments |
$3,709,863,318
|
$3,709,863,318
|
$—
|
$—
|
|
*
|
See
Portfolio of Investments for industry breakout. |
See
Notes to Financial Statements
Page
15
First Trust Dorsey
Wright Momentum & Dividend ETF (DDIV)
Portfolio of Investments
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS — 99.8% | |||||
|
|
Aerospace
& Defense — 1.2%
|
| |||
|
4,719
|
RTX
Corp. |
$789,630
| |||
|
|
Banks
— 10.8%
|
| |||
|
12,097
|
Cullen/Frost
Bankers, Inc. |
1,533,537
| |||
|
10,455
|
East
West Bancorp, Inc. |
1,112,935
| |||
|
2,906
|
JPMorgan
Chase & Co. |
916,639
| |||
|
58,518
|
Old
National Bancorp |
1,284,470
| |||
|
12,234
|
Popular,
Inc. |
1,553,840
| |||
|
9,006
|
Wells
Fargo & Co. |
754,883
| |||
|
|
|
7,156,304
| |||
|
|
Capital
Markets — 8.9%
|
| |||
|
8,386
|
Ares
Management Corp.,
Class
A |
1,340,837
| |||
|
9,961
|
Bank
of New York Mellon (The)
Corp.
|
1,085,351
| |||
|
659
|
Blackrock,
Inc. |
768,308
| |||
|
7,621
|
CME
Group, Inc. |
2,059,118
| |||
|
828
|
Goldman
Sachs Group (The),
Inc.
|
659,378
| |||
|
|
|
5,912,992
| |||
|
|
Consumer
Finance — 0.9%
|
| |||
|
8,606
|
Synchrony
Financial |
611,456
| |||
|
|
Diversified
Consumer Services —
0.8%
|
| |||
|
6,195
|
Service
Corp. International |
515,548
| |||
|
|
Diversified
Telecommunication Services
— 3.2%
|
| |||
|
75,602
|
AT&T,
Inc. |
2,135,000
| |||
|
|
Electric
Utilities — 11.7%
|
| |||
|
18,942
|
American
Electric Power Co.,
Inc.
|
2,130,975
| |||
|
20,614
|
Entergy
Corp. |
1,921,019
| |||
|
24,119
|
NextEra
Energy, Inc. |
1,820,743
| |||
|
19,776
|
Southern
(The) Co. |
1,874,171
| |||
|
|
|
7,746,908
| |||
|
|
Financial
Services — 1.1%
|
| |||
|
14,446
|
Equitable
Holdings, Inc. |
733,568
| |||
|
|
Health
Care Equipment & Supplies
— 1.0%
|
| |||
|
4,783
|
Abbott
Laboratories |
640,635
| |||
|
|
Health
Care REITs — 1.1%
|
| |||
|
4,063
|
Welltower,
Inc. |
723,783
| |||
|
|
Household
Durables — 0.9%
|
| |||
|
2,537
|
Garmin
Ltd. |
624,660
| |||
|
|
Insurance
— 14.8%
|
| |||
|
11,426
|
Aflac,
Inc. |
1,276,284
| |||
|
5,171
|
Allstate
(The) Corp. |
1,109,955
| |||
|
11,633
|
American
Financial Group, Inc. |
1,695,161
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Insurance
(Continued)
|
| |||
|
13,044
|
American
International Group,
Inc.
|
$1,024,476
| |||
|
6,713
|
Axis
Capital Holdings Ltd. |
643,105
| |||
|
46,045
|
Old
Republic International Corp. |
1,955,531
| |||
|
1,813
|
Primerica,
Inc. |
503,271
| |||
|
2,180
|
Travelers
(The) Cos., Inc. |
608,700
| |||
|
12,869
|
Unum
Group |
1,000,951
| |||
|
|
|
9,817,434
| |||
|
|
IT
Services — 1.8%
|
| |||
|
4,237
|
International
Business Machines
Corp.
|
1,195,512
| |||
|
|
Leisure
Products — 3.0%
|
| |||
|
26,260
|
Hasbro,
Inc. |
1,991,821
| |||
|
|
Machinery
— 2.5%
|
| |||
|
4,850
|
Snap-on,
Inc. |
1,680,671
| |||
|
|
Office
REITs — 1.2%
|
| |||
|
20,254
|
Vornado
Realty Trust |
820,895
| |||
|
|
Oil,
Gas & Consumable Fuels —
11.1%
|
| |||
|
153,384
|
Antero
Midstream Corp. |
2,981,785
| |||
|
80,146
|
Kinder
Morgan, Inc. |
2,268,933
| |||
|
33,185
|
Williams
(The) Cos., Inc. |
2,102,270
| |||
|
|
|
7,352,988
| |||
|
|
Personal
Care Products — 0.8%
|
| |||
|
6,136
|
Estee
Lauder (The) Cos., Inc.,
Class
A |
540,704
| |||
|
|
Professional
Services — 2.0%
|
| |||
|
2,893
|
Automatic
Data Processing, Inc. |
849,096
| |||
|
1,966
|
Broadridge
Financial Solutions,
Inc.
|
468,242
| |||
|
|
|
1,317,338
| |||
|
|
Retail
REITs — 8.2%
|
| |||
|
31,668
|
Regency
Centers Corp. |
2,308,597
| |||
|
16,737
|
Simon
Property Group, Inc. |
3,141,033
| |||
|
|
|
5,449,630
| |||
|
|
Semiconductors
&
Semiconductor
Equipment —
1.7%
|
| |||
|
17,224
|
Microchip
Technology, Inc. |
1,106,125
| |||
|
|
Specialized
REITs — 4.0%
|
| |||
|
21,652
|
Lamar
Advertising Co., Class A |
2,650,638
| |||
|
|
Technology
Hardware, Storage &
Peripherals — 2.1%
|
| |||
|
5,911
|
Seagate
Technology
Holdings
PLC |
1,395,351
| |||
|
|
Textiles,
Apparel & Luxury Goods
— 0.9%
|
| |||
|
5,209
|
Tapestry,
Inc. |
589,763
| |||
See
Notes to Financial Statements
Page
16
First Trust Dorsey
Wright Momentum & Dividend ETF (DDIV)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS (Continued) | |||||
|
|
Tobacco
— 2.4%
|
| |||
|
9,589
|
Philip
Morris International, Inc. |
$1,555,336
| |||
|
|
Trading
Companies & Distributors
— 1.7%
|
| |||
|
22,426
|
Fastenal
Co. |
1,099,771
| |||
|
|
Total
Common Stocks |
66,154,461
| |||
|
|
(Cost
$60,158,423) |
| |||
|
MONEY
MARKET FUNDS — 0.2% | |||||
|
132,367
|
Dreyfus
Government Cash
Management
Fund,
Institutional
Shares -
4.04%
(a) |
132,367
| |||
|
|
(Cost
$132,367) |
| |||
|
| |||||
|
| |||||
|
|
Total
Investments — 100.0% |
66,286,828
| |||
|
|
(Cost
$60,290,790) |
| |||
|
|
Net
Other Assets and
Liabilities
— 0.0% |
17,567
| |||
|
|
Net
Assets — 100.0% |
$66,304,395
| |||
|
(a)
|
Rate
shown reflects yield as of September 30, 2025. |
|
Abbreviations
throughout the Portfolio of Investments: | |
|
REITs
|
–
Real Estate Investment Trusts |
A summary
of the inputs used to value the Fund’s investments as of
September 30, 2025 is as follows (see Note 2A
- Portfolio Valuation in the Notes to Financial Statements):
|
|
Total
Value
at
9/30/2025
|
Level
1
Quoted
Prices
|
Level
2
Significant
Observable
Inputs
|
Level
3
Significant
Unobservable
Inputs
|
|
Common
Stocks* |
$ 66,154,461
|
$ 66,154,461
|
$ —
|
$ —
|
|
Money
Market Funds |
132,367
|
132,367
|
—
|
—
|
|
Total
Investments |
$66,286,828
|
$66,286,828
|
$—
|
$—
|
|
*
|
See
Portfolio of Investments for industry breakout. |
See
Notes to Financial Statements
Page
17
First Trust RBA
American Industrial Renaissance®
ETF (AIRR)
Portfolio of Investments
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS — 99.9% | |||||
|
|
Aerospace
& Defense — 17.8%
|
| |||
|
1,042,615
|
BWX
Technologies, Inc. |
$192,226,928
| |||
|
564,880
|
Huntington
Ingalls Industries,
Inc.
|
162,634,601
| |||
|
2,198,717
|
Intuitive
Machines, Inc. (a) (b) |
23,130,503
| |||
|
1,769,839
|
Karman
Holdings, Inc. (a) |
127,782,376
| |||
|
2,803,231
|
Kratos
Defense & Security
Solutions,
Inc. (a) |
256,131,216
| |||
|
2,730,156
|
Leonardo
DRS, Inc. |
123,949,082
| |||
|
1,411,372
|
Mercury
Systems, Inc. (a) |
109,240,193
| |||
|
|
|
995,094,899
| |||
|
|
Air
Freight & Logistics — 3.5%
|
| |||
|
1,476,385
|
C.H.
Robinson Worldwide, Inc. |
195,473,374
| |||
|
|
Banks
— 6.4%
|
| |||
|
1,953,535
|
Associated
Banc-Corp. |
50,225,385
| |||
|
4,944,635
|
FNB
Corp. |
79,658,070
| |||
|
2,034,215
|
Fulton
Financial Corp. |
37,897,425
| |||
|
4,855,521
|
Old
National Bancorp |
106,578,686
| |||
|
618,149
|
Wintrust
Financial Corp. |
81,867,654
| |||
|
|
|
356,227,220
| |||
|
|
Building
Products — 10.7%
|
| |||
|
1,929,987
|
AAON,
Inc. |
180,337,985
| |||
|
1,263,470
|
Advanced
Drainage Systems,
Inc.
|
175,243,289
| |||
|
168,864
|
CSW
Industrials, Inc. |
40,991,736
| |||
|
1,018,642
|
Owens
Corning |
144,097,097
| |||
|
1,204,655
|
Zurn
Elkay Water Solutions
Corp.
|
56,654,925
| |||
|
|
|
597,325,032
| |||
|
|
Commercial
Services & Supplies
— 2.4%
|
| |||
|
568,015
|
Clean
Harbors, Inc. (a) |
131,904,443
| |||
|
|
Construction
& Engineering —
31.4%
|
| |||
|
458,049
|
Arcosa,
Inc. |
42,923,772
| |||
|
513,807
|
Argan,
Inc. |
138,753,580
| |||
|
265,833
|
Comfort
Systems USA, Inc. |
219,360,075
| |||
|
985,214
|
Construction
Partners, Inc.,
Class
A (a) |
125,122,178
| |||
|
571,761
|
Dycom
Industries, Inc. (a) |
166,816,989
| |||
|
260,702
|
EMCOR
Group, Inc. |
169,336,377
| |||
|
510,338
|
Everus
Construction Group,
Inc.
(a) |
43,761,484
| |||
|
909,493
|
Granite
Construction, Inc. |
99,725,907
| |||
|
296,688
|
IES
Holdings, Inc. (a) |
117,977,983
| |||
|
324,423
|
Limbach
Holdings, Inc. (a) |
31,507,962
| |||
|
833,576
|
MasTec,
Inc. (a) |
177,393,309
| |||
|
1,215,368
|
Primoris
Services Corp. |
166,906,487
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Construction
& Engineering
(Continued)
|
| |||
|
520,945
|
Sterling
Infrastructure, Inc. (a) |
$176,954,598
| |||
|
1,212,981
|
Tutor
Perini Corp. (a) |
79,559,424
| |||
|
|
|
1,756,100,125
| |||
|
|
Electrical
Equipment — 2.9%
|
| |||
|
735,422
|
Atkore,
Inc. |
46,140,376
| |||
|
389,201
|
Powell
Industries, Inc. |
118,632,357
| |||
|
|
|
164,772,733
| |||
|
|
Ground
Transportation — 6.7%
|
| |||
|
591,514
|
Landstar
System, Inc. |
72,495,956
| |||
|
444,677
|
Ryder
System, Inc. |
83,883,869
| |||
|
494,286
|
Saia,
Inc. (a) |
147,969,457
| |||
|
1,237,438
|
Schneider
National, Inc., Class B |
26,184,188
| |||
|
1,575,150
|
Werner
Enterprises, Inc. |
41,457,948
| |||
|
|
|
371,991,418
| |||
|
|
Machinery
— 7.2%
|
| |||
|
635,259
|
Blue
Bird Corp. (a) |
36,559,155
| |||
|
834,768
|
Federal
Signal Corp. |
99,329,044
| |||
|
2,464,116
|
Mueller
Water Products, Inc.,
Class
A |
62,884,240
| |||
|
325,654
|
RBC
Bearings, Inc. (a) |
127,099,500
| |||
|
397,107
|
SPX
Technologies, Inc. (a) |
74,171,646
| |||
|
|
|
400,043,585
| |||
|
|
Marine
Transportation — 1.3%
|
| |||
|
896,050
|
Kirby
Corp. (a) |
74,775,372
| |||
|
|
Trading
Companies & Distributors
— 9.6%
|
| |||
|
563,310
|
Applied
Industrial Technologies,
Inc.
|
147,052,075
| |||
|
2,384,332
|
Core
& Main, Inc., Class A (a) |
128,348,592
| |||
|
1,824,489
|
DNOW,
Inc. (a) |
27,823,457
| |||
|
739,907
|
Herc
Holdings, Inc. |
86,317,551
| |||
|
831,413
|
MSC
Industrial Direct Co., Inc.,
Class
A |
76,606,394
| |||
|
1,267,489
|
Xometry,
Inc., Class A (a) |
69,040,126
| |||
|
|
|
535,188,195
| |||
|
|
Total
Common Stocks |
5,578,896,396
| |||
|
|
(Cost
$4,615,327,261) |
| |||
|
MONEY
MARKET FUNDS — 0.1% | |||||
|
7,234,642
|
Dreyfus
Government Cash
Management
Fund,
Institutional
Shares -
4.04%
(c) |
7,234,642
| |||
|
|
(Cost
$7,234,642) |
| |||
See
Notes to Financial Statements
Page
18
First Trust RBA
American Industrial Renaissance®
ETF (AIRR)
Portfolio of Investments (Continued)
September 30, 2025
|
Principal
Value
|
Description
|
Value
| |||
|
REPURCHASE
AGREEMENTS — 0.4% | |||||
|
$3,833,571
|
Bank
of America Corp.,
4.20%
(c), dated 09/30/25, due
10/01/25,
with a maturity
value
of $3,834,018.
Collateralized
by
U.S.
Treasury Securities,
interest
rates of 0.00% to
4.63%,
due 11/15/41 to
05/15/54.
The value of the
collateral
including accrued
interest
is $3,910,242. (d) |
$3,833,571
| |||
|
5,610,517
|
JPMorgan
Chase & Co.,
4.20%
(c), dated 09/30/25, due
10/01/25,
with a maturity
value
of $5,611,172.
Collateralized
by
U.S.
Treasury Securities,
interest
rates of 4.13% to
4.50%,
due 12/31/31 to
05/31/32.
The value of the
collateral
including accrued
interest
is $5,722,727. (d) |
5,610,517
| |||
|
3,363,722
|
Mizuho
Financial Group, Inc.,
4.20%
(c), dated 09/30/25, due
10/01/25,
with a maturity
value
of $3,364,114.
Collateralized
by
U.S.
Treasury Securities,
interest
rates of 0.75% to
4.38%,
due 05/31/26 to
09/30/32.
The value of the
collateral
including accrued
interest
is $3,430,997. (d) |
3,363,722
| |||
|
6,034,117
|
RBC
Dominion Securities, Inc.,
4.19%
(c), dated 09/30/25, due
10/01/25,
with a maturity
value
of $6,034,819.
Collateralized
by
U.S.
Treasury Securities,
interest
rates of 0.00% to
4.75%,
due 10/23/25 to
08/15/55.
The value of the
collateral
including accrued
interest
is $6,154,799. (d) |
6,034,117
| |||
|
|
Total
Repurchase Agreements |
18,841,927
| |||
|
|
(Cost
$18,841,927) |
| |||
|
| |||||
|
| |||||
|
|
Total
Investments — 100.4% |
5,604,972,965
| |||
|
|
(Cost
$4,641,403,830) |
| |||
|
|
Net
Other Assets and
Liabilities
— (0.4)% |
(20,612,270
) | |||
|
|
Net
Assets — 100.0% |
$5,584,360,695
| |||
|
(a)
|
Non-income
producing security. |
|
(b)
|
All
or a portion of this security is on loan (see Note 2F
-
Securities
Lending in the Notes to Financial Statements). The
remaining
contractual maturity of all of the securities lending
transactions
is overnight and continuous. The aggregate
value
of such securities is $18,803,205 and the total value of
the
collateral held by the Fund, including for securities sold
and
pending settlement, is $18,841,927. |
|
(c)
|
Rate
shown reflects yield as of September 30, 2025. |
|
(d)
|
This
security serves as collateral for securities on loan. |
A summary
of the inputs used to value the Fund’s investments as of
September 30, 2025 is as follows (see Note 2A
- Portfolio Valuation in the Notes to Financial Statements):
|
|
Total
Value
at
9/30/2025
|
Level
1
Quoted
Prices
|
Level
2
Significant
Observable
Inputs
|
Level
3
Significant
Unobservable
Inputs
|
|
Common
Stocks*
|
$ 5,578,896,396
|
$ 5,578,896,396
|
$ —
|
$ —
|
|
Money
Market
Funds
|
7,234,642
|
7,234,642
|
—
|
—
|
|
Repurchase
Agreements
|
18,841,927
|
—
|
18,841,927
|
—
|
|
Total
Investments
|
$5,604,972,965
|
$5,586,131,038
|
$18,841,927
|
$—
|
|
*
|
See
Portfolio of Investments for industry breakout. |
Offsetting Assets and Liabilities
Offsetting
assets and liabilities requires entities to disclose both gross
and net information about instruments and transactions eligible
for offset, and to disclose instruments and transactions subject
to master netting or similar agreements (see Note 2C
- Offsetting on the Statements of Assets and Liabilities
in the Notes to Financial Statements).
The Fund’s loaned securities
were all subject to an enforceable Securities Lending
Agency Agreement. Securities lent in accordance with
the Securities Lending Agency Agreement on a gross
basis were as follows:
|
Securities
Lending Agency Agreement | |
|
$18,803,205
| |
|
Non-cash
Collateral(2)
|
(18,803,205
) |
|
Net
Amount |
$—
|
See
Notes to Financial Statements
Page
19
First Trust RBA
American Industrial Renaissance®
ETF (AIRR)
Portfolio of Investments (Continued)
September 30, 2025
|
(1)
|
The
amount presented on the Statements of Assets and
Liabilities,
which is included in “Investments, at value,” is not
offset
and is shown on a gross basis. |
|
(2)
|
At
September 30, 2025, the value of the collateral received
from
each borrower exceeded the value of the related
securities
loaned. This amount is disclosed on the Portfolio of
Investments.
|
The Fund’s investments
in repurchase agreements were all subject to an enforceable
Master Repurchase Agreement. Repurchase Agreements
on a gross basis were as follows:
|
Repurchase
Agreements | |
|
Total
gross amount presented on the Statements
of
Assets and Liabilities(3)
|
$18,841,927
|
|
Non-cash
Collateral(4)
|
(18,841,927
) |
|
Net
Amount |
$—
|
|
(3)
|
The
amount is included in “Investments, at value” on the
Statements
of Assets and Liabilities. |
|
(4)
|
At
September 30, 2025, the value of the collateral received
from
each seller exceeded the value of the repurchase
agreements.
|
See
Notes to Financial Statements
Page
20
First Trust Dorsey
Wright International Focus 5 ETF (IFV)
Portfolio of Investments
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
EXCHANGE-TRADED
FUNDS — 99.8% | |||||
|
|
Capital
Markets (a) — 99.8% |
| |||
|
1,338,560
|
First
Trust China AlphaDEX®
Fund
|
$38,777,414
| |||
|
596,559
|
First
Trust Eurozone
AlphaDEX®
ETF |
35,063,233
| |||
|
589,055
|
First
Trust Germany
AlphaDEX®
Fund |
34,640,911
| |||
|
424,988
|
First
Trust Switzerland
AlphaDEX®
Fund |
32,647,833
| |||
|
697,176
|
First
Trust United Kingdom
AlphaDEX®
Fund |
33,791,005
| |||
|
|
Total
Exchange-Traded Funds |
174,920,396
| |||
|
|
(Cost
$146,460,696) |
| |||
|
MONEY
MARKET FUNDS — 0.2% | |||||
|
285,670
|
Dreyfus
Government Cash
Management
Fund,
Institutional
Shares -
4.04%
(b) |
285,670
| |||
|
|
(Cost
$285,670) |
| |||
|
| |||||
|
| |||||
|
|
Total
Investments — 100.0% |
175,206,066
| |||
|
|
(Cost
$146,746,366) |
| |||
|
|
Net
Other Assets and
Liabilities
— (0.0)% |
(42,291
) | |||
|
|
Net
Assets — 100.0% |
$175,163,775
| |||
|
(a)
|
Represents
investments in affiliated funds. |
|
(b)
|
Rate
shown reflects yield as of September 30, 2025. |
A
summary of the inputs used to value the Fund’s investments as of
September 30, 2025 is as follows (see Note 2A
- Portfolio Valuation in the Notes to Financial Statements):
|
|
Total
Value
at
9/30/2025
|
Level
1
Quoted
Prices
|
Level
2
Significant
Observable
Inputs
|
Level
3
Significant
Unobservable
Inputs
|
|
Exchange-Traded
Funds*
|
$ 174,920,396
|
$ 174,920,396
|
$ —
|
$ —
|
|
Money
Market Funds |
285,670
|
285,670
|
—
|
—
|
|
Total
Investments |
$175,206,066
|
$175,206,066
|
$—
|
$—
|
|
*
|
See
Portfolio of Investments for industry breakout. |
See
Notes to Financial Statements
Page
21
First Trust Dorsey
Wright Dynamic Focus 5 ETF (FVC)
Portfolio of Investments
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
EXCHANGE-TRADED
FUNDS — 99.7% | |||||
|
|
Capital
Markets (a) — 99.7% |
| |||
|
41,958
|
First
Trust Dow Jones Internet
Index
Fund (b) |
$11,741,527
| |||
|
972,070
|
First
Trust Enhanced Short
Maturity
ETF |
58,236,714
| |||
|
183,089
|
First
Trust Financials
AlphaDEX®
Fund |
10,873,656
| |||
|
138,107
|
First
Trust Industrials/Producer
Durables
AlphaDEX®
Fund |
10,780,632
| |||
|
99,642
|
First
Trust NASDAQ-100 Ex-
Technology
Sector Index
Fund
|
9,857,862
| |||
|
221,970
|
First
Trust Utilities AlphaDEX®
Fund
|
10,088,536
| |||
|
|
Total
Exchange-Traded Funds |
111,578,927
| |||
|
|
(Cost
$106,019,999) |
| |||
|
MONEY
MARKET FUNDS — 0.1% | |||||
|
80,532
|
Dreyfus
Government Cash
Management
Fund,
Institutional
Shares -
4.04%
(c) |
80,532
| |||
|
|
(Cost
$80,532) |
| |||
|
| |||||
|
| |||||
|
|
Total
Investments — 99.8% |
111,659,459
| |||
|
|
(Cost
$106,100,531) |
| |||
|
|
Net
Other Assets and
Liabilities
— 0.2% |
179,639
| |||
|
|
Net
Assets — 100.0% |
$111,839,098
| |||
|
(a)
|
Represents
investments in affiliated funds. |
|
(b)
|
Non-income
producing security. |
|
(c)
|
Rate
shown reflects yield as of September 30, 2025. |
A
summary of the inputs used to value the Fund’s investments as of
September 30, 2025 is as follows (see Note 2A
- Portfolio Valuation in the Notes to Financial Statements):
|
|
Total
Value
at
9/30/2025
|
Level
1
Quoted
Prices
|
Level
2
Significant
Observable
Inputs
|
Level
3
Significant
Unobservable
Inputs
|
|
Exchange-Traded
Funds*
|
$ 111,578,927
|
$ 111,578,927
|
$ —
|
$ —
|
|
Money
Market Funds |
80,532
|
80,532
|
—
|
—
|
|
Total
Investments |
$111,659,459
|
$111,659,459
|
$—
|
$—
|
|
*
|
See
Portfolio of Investments for industry breakout. |
See
Notes to Financial Statements
Page
22
First Trust SMID
Cap Rising Dividend Achievers ETF (SDVY)
Portfolio of Investments
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS — 99.9% | |||||
|
|
Aerospace
& Defense — 1.6%
|
| |||
|
92,054
|
Curtiss-Wright
Corp. |
$49,979,799
| |||
|
359,111
|
Woodward,
Inc. |
90,750,941
| |||
|
|
|
140,730,740
| |||
|
|
Air
Freight & Logistics — 0.1%
|
| |||
|
362,047
|
Hub
Group, Inc., Class A |
12,468,899
| |||
|
|
Automobile
Components — 0.6%
|
| |||
|
364,920
|
Lear
Corp. |
36,714,601
| |||
|
333,385
|
Phinia,
Inc. |
19,162,970
| |||
|
|
|
55,877,571
| |||
|
|
Banks
— 15.1%
|
| |||
|
1,520,802
|
Bank
OZK |
77,530,486
| |||
|
191,060
|
BOK
Financial Corp. |
21,291,726
| |||
|
2,135,298
|
Cadence
Bank |
80,159,087
| |||
|
873,987
|
Commerce
Bancshares, Inc. |
52,229,463
| |||
|
555,733
|
Cullen/Frost
Bankers, Inc. |
70,450,272
| |||
|
740,754
|
East
West Bancorp, Inc. |
78,853,263
| |||
|
1,002,999
|
Eastern
Bankshares, Inc. |
18,204,432
| |||
|
1,267,336
|
Enterprise
Financial Services
Corp.
|
73,480,141
| |||
|
3,590,589
|
First
BanCorp |
79,172,487
| |||
|
992,883
|
First
Commonwealth Financial
Corp.
|
16,928,655
| |||
|
483,707
|
First
Merchants Corp. |
18,235,754
| |||
|
2,933,588
|
Fulton
Financial Corp. |
54,652,744
| |||
|
629,959
|
Hancock
Whitney Corp. |
39,441,733
| |||
|
1,884,713
|
Home
BancShares, Inc. |
53,337,378
| |||
|
4,360,434
|
Huntington
Bancshares, Inc. |
75,304,695
| |||
|
293,305
|
Independent
Bank Corp. |
20,287,907
| |||
|
1,080,205
|
International
Bancshares Corp. |
74,264,094
| |||
|
391,615
|
National
Bank Holdings Corp.,
Class
A |
15,132,004
| |||
|
457,885
|
Nicolet
Bankshares, Inc. |
61,585,533
| |||
|
1,702,240
|
OFG
Bancorp |
74,030,418
| |||
|
206,578
|
Pinnacle
Financial Partners, Inc. |
19,374,951
| |||
|
470,193
|
ServisFirst
Bancshares, Inc. |
37,864,642
| |||
|
741,150
|
SouthState
Bank Corp. |
73,277,500
| |||
|
495,018
|
UMB
Financial Corp. |
58,585,380
| |||
|
511,095
|
WaFd,
Inc. |
15,481,068
| |||
|
570,506
|
Wintrust
Financial Corp. |
75,557,815
| |||
|
346,201
|
Zions
Bancorp N.A. |
19,588,053
| |||
|
|
|
1,354,301,681
| |||
|
|
Beverages
— 0.8%
|
| |||
|
592,922
|
Coca-Cola
Consolidated, Inc. |
69,466,741
| |||
|
|
Broadline
Retail — 0.6%
|
| |||
|
86,231
|
Dillard’s,
Inc., Class A |
52,987,225
| |||
|
|
Building
Products — 4.6%
|
| |||
|
1,070,998
|
A.O.
Smith Corp. |
78,621,963
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Building
Products (Continued)
|
| |||
|
595,598
|
Advanced
Drainage Systems,
Inc.
|
$82,609,443
| |||
|
251,012
|
Allegion
PLC |
44,516,978
| |||
|
91,222
|
Carlisle
Cos., Inc. |
30,008,389
| |||
|
114,971
|
CSW
Industrials, Inc. |
27,909,210
| |||
|
28,513
|
Lennox
International, Inc. |
15,093,642
| |||
|
424,419
|
Simpson
Manufacturing Co., Inc. |
71,073,206
| |||
|
950,711
|
Tecnoglass,
Inc. |
63,612,073
| |||
|
|
|
413,444,904
| |||
|
|
Capital
Markets — 4.4%
|
| |||
|
331,752
|
Cboe
Global Markets, Inc. |
81,362,178
| |||
|
378,205
|
Federated
Hermes, Inc. |
19,640,186
| |||
|
1,393,544
|
Interactive
Brokers Group, Inc.,
Class
A |
95,889,762
| |||
|
645,658
|
Northern
Trust Corp. |
86,905,567
| |||
|
221,253
|
Raymond
James Financial, Inc. |
38,188,268
| |||
|
879,436
|
SEI
Investments Co. |
74,620,144
| |||
|
|
|
396,606,105
| |||
|
|
Chemicals
— 1.7%
|
| |||
|
227,459
|
Balchem
Corp. |
34,132,497
| |||
|
420,051
|
CF
Industries Holdings, Inc. |
37,678,575
| |||
|
1,624,560
|
Element
Solutions, Inc. |
40,890,175
| |||
|
157,611
|
Innospec,
Inc. |
12,161,265
| |||
|
478,524
|
Minerals
Technologies, Inc. |
29,725,911
| |||
|
|
|
154,588,423
| |||
|
|
Commercial
Services & Supplies
— 2.8%
|
| |||
|
752,260
|
Brady
Corp., Class A |
58,698,848
| |||
|
581,324
|
Brink’s
(The) Co. |
67,933,523
| |||
|
322,946
|
MSA
Safety, Inc. |
55,569,318
| |||
|
288,345
|
UniFirst
Corp. |
48,208,400
| |||
|
189,120
|
Veralto
Corp. |
20,162,083
| |||
|
|
|
250,572,172
| |||
|
|
Construction
& Engineering —
4.1%
|
| |||
|
656,146
|
AECOM
|
85,607,369
| |||
|
151,341
|
Comfort
Systems USA, Inc. |
124,883,566
| |||
|
149,194
|
EMCOR
Group, Inc. |
96,907,471
| |||
|
419,560
|
Primoris
Services Corp. |
57,618,175
| |||
|
|
|
365,016,581
| |||
|
|
Construction
Materials — 0.3%
|
| |||
|
175,501
|
United
States Lime & Minerals,
Inc.
|
23,087,157
| |||
|
|
Consumer
Finance — 1.0%
|
| |||
|
569,896
|
PROG
Holdings, Inc. |
18,441,835
| |||
|
557,258
|
SLM
Corp. |
15,424,901
| |||
|
822,410
|
Synchrony
Financial |
58,432,230
| |||
|
|
|
92,298,966
| |||
See
Notes to Financial Statements
Page
23
First Trust SMID
Cap Rising Dividend Achievers ETF (SDVY)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS (Continued) | |||||
|
|
Consumer
Staples Distribution &
Retail — 1.0%
|
| |||
|
754,353
|
PriceSmart,
Inc. |
$91,420,040
| |||
|
|
Containers
& Packaging — 0.4%
|
| |||
|
155,558
|
Packaging
Corp. of America |
33,900,755
| |||
|
|
Diversified
Consumer Services —
2.8%
|
| |||
|
54,824
|
Graham
Holdings Co., Class B |
64,544,843
| |||
|
715,619
|
H&R
Block, Inc. |
36,188,853
| |||
|
2,772,578
|
OneSpaWorld
Holdings Ltd. |
58,612,299
| |||
|
2,493,910
|
Perdoceo
Education Corp. |
93,920,651
| |||
|
|
|
253,266,646
| |||
|
|
Diversified
Telecommunication Services
— 0.4%
|
| |||
|
606,348
|
IDT
Corp., Class B |
31,718,064
| |||
|
|
Electric
Utilities — 0.8%
|
| |||
|
919,632
|
Otter
Tail Corp. |
75,382,235
| |||
|
|
Electrical
Equipment — 2.2%
|
| |||
|
130,931
|
Acuity,
Inc. |
45,091,327
| |||
|
198,236
|
Atkore,
Inc. |
12,437,326
| |||
|
773,626
|
EnerSys
|
87,388,793
| |||
|
181,833
|
Powell
Industries, Inc. |
55,424,517
| |||
|
|
|
200,341,963
| |||
|
|
Electronic
Equipment,
Instruments
& Components —
0.8%
|
| |||
|
1,308,390
|
Benchmark
Electronics, Inc. |
50,438,434
| |||
|
527,808
|
Napco
Security Technologies,
Inc.
|
22,669,354
| |||
|
|
|
73,107,788
| |||
|
|
Energy
Equipment & Services —
2.4%
|
| |||
|
1,517,205
|
Cactus,
Inc., Class A |
59,884,081
| |||
|
5,330,110
|
NOV,
Inc. |
70,623,958
| |||
|
1,232,991
|
Weatherford
International PLC |
84,373,574
| |||
|
|
|
214,881,613
| |||
|
|
Financial
Services — 2.8%
|
| |||
|
1,042,987
|
Enact
Holdings, Inc. |
39,988,122
| |||
|
311,496
|
Equitable
Holdings, Inc. |
15,817,767
| |||
|
621,018
|
Essent
Group Ltd. |
39,471,904
| |||
|
123,010
|
Jack
Henry & Associates, Inc. |
18,319,879
| |||
|
2,811,994
|
MGIC
Investment Corp. |
79,776,270
| |||
|
1,571,369
|
Radian
Group, Inc. |
56,914,985
| |||
|
|
|
250,288,927
| |||
|
|
Food
Products — 2.3%
|
| |||
|
742,863
|
Cal-Maine
Foods, Inc. |
69,903,408
| |||
|
542,800
|
Ingredion,
Inc. |
66,281,308
| |||
|
408,014
|
Marzetti
(The) Company |
70,500,739
| |||
|
|
|
206,685,455
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Health
Care Equipment & Supplies
— 0.8%
|
| |||
|
791,380
|
LeMaitre
Vascular, Inc. |
$69,253,664
| |||
|
|
Health
Care Providers & Services
— 1.9%
|
| |||
|
285,322
|
Cardinal
Health, Inc. |
44,784,141
| |||
|
136,425
|
Chemed
Corp. |
61,082,930
| |||
|
260,565
|
Ensign
Group (The), Inc. |
45,017,815
| |||
|
176,988
|
National
HealthCare Corp. |
21,505,812
| |||
|
|
|
172,390,698
| |||
|
|
Hotels,
Restaurants & Leisure —
0.4%
|
| |||
|
93,106
|
Texas
Roadhouse, Inc. |
15,469,562
| |||
|
72,999
|
Wingstop,
Inc. |
18,372,388
| |||
|
|
|
33,841,950
| |||
|
|
Household
Durables — 3.2%
|
| |||
|
371,546
|
Installed
Building Products, Inc. |
91,645,536
| |||
|
280,973
|
KB
Home |
17,881,122
| |||
|
1,222,446
|
La-Z-Boy,
Inc. |
41,954,347
| |||
|
432,198
|
Meritage
Homes Corp. |
31,304,101
| |||
|
336,124
|
PulteGroup,
Inc. |
44,412,064
| |||
|
411,184
|
Toll
Brothers, Inc. |
56,800,958
| |||
|
|
|
283,998,128
| |||
|
|
Household
Products — 0.5%
|
| |||
|
221,316
|
Spectrum
Brands Holdings, Inc. |
11,625,730
| |||
|
166,989
|
WD-40
Co. |
32,997,026
| |||
|
|
|
44,622,756
| |||
|
|
Insurance
— 8.7%
|
| |||
|
346,792
|
Assurant,
Inc. |
75,115,147
| |||
|
854,353
|
Assured
Guaranty Ltd. |
72,320,981
| |||
|
551,631
|
Axis
Capital Holdings Ltd. |
52,846,250
| |||
|
247,735
|
Cincinnati
Financial Corp. |
39,166,903
| |||
|
411,091
|
CNO
Financial Group, Inc. |
16,258,649
| |||
|
48,233
|
Everest
Group Ltd. |
16,892,644
| |||
|
318,783
|
Hanover
Insurance Group (The),
Inc.
|
57,900,556
| |||
|
261,516
|
Kemper
Corp. |
13,481,150
| |||
|
1,451,579
|
Lincoln
National Corp. |
58,542,181
| |||
|
502,465
|
Old
Republic International Corp. |
21,339,689
| |||
|
262,089
|
Primerica,
Inc. |
72,753,286
| |||
|
192,487
|
Principal
Financial Group, Inc. |
15,959,097
| |||
|
358,246
|
Reinsurance
Group of America,
Inc.
|
68,829,804
| |||
|
65,340
|
RenaissanceRe
Holdings Ltd. |
16,591,786
| |||
|
256,719
|
Selective
Insurance Group, Inc. |
20,812,209
| |||
|
959,641
|
Unum
Group |
74,640,877
| |||
|
1,082,988
|
W.R.
Berkley Corp. |
82,978,541
| |||
|
|
|
776,429,750
| |||
|
|
IT
Services — 0.2%
|
| |||
|
73,477
|
VeriSign,
Inc. |
20,541,965
| |||
See
Notes to Financial Statements
Page
24
First Trust SMID
Cap Rising Dividend Achievers ETF (SDVY)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS (Continued) | |||||
|
|
Machinery
— 10.9%
|
| |||
|
377,505
|
Alamo
Group, Inc. |
$72,065,705
| |||
|
730,483
|
Allison
Transmission Holdings,
Inc.
|
62,003,397
| |||
|
1,382,521
|
Atmus
Filtration Technologies,
Inc.
|
62,337,872
| |||
|
746,961
|
Donaldson
Co., Inc. |
61,138,758
| |||
|
86,215
|
Dover
Corp. |
14,383,248
| |||
|
146,664
|
Esab
Corp. |
16,388,235
| |||
|
402,789
|
Federal
Signal Corp. |
47,927,863
| |||
|
419,620
|
Fortive
Corp. |
20,557,184
| |||
|
754,434
|
Franklin
Electric Co., Inc. |
71,822,117
| |||
|
850,371
|
Graco,
Inc. |
72,247,520
| |||
|
268,966
|
IDEX
Corp. |
43,776,906
| |||
|
478,897
|
ITT,
Inc. |
85,607,628
| |||
|
261,670
|
Lincoln
Electric Holdings, Inc. |
61,709,636
| |||
|
886,201
|
Mueller
Industries, Inc. |
89,603,783
| |||
|
218,782
|
Snap-on,
Inc. |
75,814,526
| |||
|
211,566
|
Tennant
Co. |
17,149,540
| |||
|
341,229
|
Terex
Corp. |
17,505,048
| |||
|
313,540
|
Watts
Water Technologies, Inc.,
Class
A |
87,565,451
| |||
|
|
|
979,604,417
| |||
|
|
Media
— 2.0%
|
| |||
|
1,359,053
|
Fox
Corp., Class A |
85,701,882
| |||
|
1,352,364
|
New
York Times (The) Co.,
Class
A |
77,625,694
| |||
|
178,366
|
Omnicom
Group, Inc. |
14,542,180
| |||
|
|
|
177,869,756
| |||
|
|
Metals
& Mining — 1.5%
|
| |||
|
303,052
|
Commercial
Metals Co. |
17,358,819
| |||
|
2,359,945
|
Hecla
Mining Co. |
28,555,334
| |||
|
217,855
|
Royal
Gold, Inc. |
43,697,356
| |||
|
621,886
|
Warrior
Met Coal, Inc. |
39,576,825
| |||
|
|
|
129,188,334
| |||
|
|
Oil,
Gas & Consumable Fuels —
1.0%
|
| |||
|
260,291
|
Core
Natural Resources, Inc. |
21,729,093
| |||
|
699,694
|
Coterra
Energy, Inc. |
16,547,763
| |||
|
673,966
|
Magnolia
Oil & Gas Corp.,
Class
A |
16,087,568
| |||
|
413,722
|
SM
Energy Co. |
10,330,638
| |||
|
12,015
|
Texas
Pacific Land Corp. |
11,217,685
| |||
|
645,796
|
World
Kinect Corp. |
16,758,406
| |||
|
|
|
92,671,153
| |||
|
|
Paper
& Forest Products — 0.1%
|
| |||
|
202,577
|
Sylvamo
Corp. |
8,957,955
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Personal
Care Products — 0.6%
|
| |||
|
566,327
|
Interparfums,
Inc. |
$55,715,250
| |||
|
|
Professional
Services — 4.3%
|
| |||
|
579,558
|
CSG
Systems International, Inc. |
37,311,944
| |||
|
517,653
|
Exponent,
Inc. |
35,966,530
| |||
|
1,589,025
|
Genpact
Ltd. |
66,564,257
| |||
|
546,324
|
Jacobs
Solutions, Inc. |
81,872,115
| |||
|
113,034
|
Leidos
Holdings, Inc. |
21,358,905
| |||
|
316,735
|
Paycom
Software, Inc. |
65,925,223
| |||
|
200,106
|
TriNet
Group, Inc. |
13,385,090
| |||
|
892,429
|
UL
Solutions, Inc., Class A |
63,237,519
| |||
|
|
|
385,621,583
| |||
|
|
Semiconductors
&
Semiconductor
Equipment —
0.8%
|
| |||
|
495,943
|
Universal
Display Corp. |
71,232,293
| |||
|
|
Software
— 3.1%
|
| |||
|
2,727,192
|
Clear
Secure, Inc., Class A |
91,033,669
| |||
|
733,094
|
Dolby
Laboratories, Inc.,
Class
A |
53,054,013
| |||
|
332,583
|
InterDigital,
Inc. |
114,817,629
| |||
|
370,479
|
Pegasystems,
Inc. |
21,302,542
| |||
|
|
|
280,207,853
| |||
|
|
Specialty
Retail — 2.1%
|
| |||
|
266,945
|
Dick’s
Sporting Goods, Inc. |
59,320,518
| |||
|
414,995
|
Williams-Sonoma,
Inc. |
81,110,773
| |||
|
85,754
|
Winmark
Corp. |
42,685,768
| |||
|
|
|
183,117,059
| |||
|
|
Technology
Hardware, Storage &
Peripherals — 0.5%
|
| |||
|
359,961
|
NetApp,
Inc. |
42,640,980
| |||
|
|
Textiles,
Apparel & Luxury Goods
— 2.6%
|
| |||
|
730,168
|
Kontoor
Brands, Inc. |
58,245,502
| |||
|
276,814
|
Ralph
Lauren Corp. |
86,797,798
| |||
|
932,857
|
Steven
Madden Ltd. |
31,232,052
| |||
|
529,837
|
Tapestry,
Inc. |
59,988,145
| |||
|
|
|
236,263,497
| |||
|
|
Tobacco
— 0.2%
|
| |||
|
201,845
|
Turning
Point Brands, Inc. |
19,954,397
| |||
|
|
Trading
Companies & Distributors
— 0.9%
|
| |||
|
292,277
|
Applied
Industrial Technologies,
Inc.
|
76,298,911
| |||
|
|
Total
Common Stocks |
8,952,863,000
| |||
|
|
(Cost
$7,823,520,436) |
| |||
See
Notes to Financial Statements
Page
25
First Trust SMID
Cap Rising Dividend Achievers ETF (SDVY)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
MONEY
MARKET FUNDS — 0.1% | |||||
|
5,609,628
|
Dreyfus
Government Cash
Management
Fund,
Institutional
Shares -
4.04%
(a) |
$5,609,628
| |||
|
|
(Cost
$5,609,628) |
| |||
|
| |||||
|
| |||||
|
|
Total
Investments — 100.0% |
8,958,472,628
| |||
|
|
(Cost
$7,829,130,064) |
| |||
|
|
Net
Other Assets and
Liabilities
— 0.0% |
1,020,702
| |||
|
|
Net
Assets — 100.0% |
$8,959,493,330
| |||
|
(a)
|
Rate
shown reflects yield as of September 30, 2025. |
A
summary of the inputs used to value the Fund’s investments as of
September 30, 2025 is as follows (see Note 2A
- Portfolio Valuation in the Notes to Financial Statements):
|
|
Total
Value
at
9/30/2025
|
Level
1
Quoted
Prices
|
Level
2
Significant
Observable
Inputs
|
Level
3
Significant
Unobservable
Inputs
|
|
Common
Stocks* |
$ 8,952,863,000
|
$ 8,952,863,000
|
$ —
|
$ —
|
|
Money
Market
Funds
|
5,609,628
|
5,609,628
|
—
|
—
|
|
Total
Investments |
$8,958,472,628
|
$8,958,472,628
|
$—
|
$—
|
|
*
|
See
Portfolio of Investments for industry breakout. |
See
Notes to Financial Statements
Page
26
First Trust Indxx
Innovative Transaction & Process ETF (LEGR)
Portfolio of Investments
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS (a) — 99.4% | |||||
|
|
Aerospace
& Defense — 2.4%
|
| |||
|
3,886
|
Airbus
SE (EUR) |
$900,612
| |||
|
4,019
|
Boeing
(The) Co. (b) |
867,421
| |||
|
1,878
|
Lockheed
Martin Corp. |
937,516
| |||
|
|
|
2,705,549
| |||
|
|
Automobile
Components — 0.8%
|
| |||
|
60,800
|
Denso
Corp. (JPY) |
877,969
| |||
|
|
Automobiles
— 3.3%
|
| |||
|
8,937
|
Bayerische
Motoren Werke AG
(EUR)
|
896,480
| |||
|
75,174
|
Ford
Motor Co. |
899,081
| |||
|
14,479
|
Mercedes-Benz
Group AG
(EUR)
|
908,943
| |||
|
2,397
|
Tesla,
Inc. (b) |
1,065,994
| |||
|
|
|
3,770,498
| |||
|
|
Banks
— 23.6%
|
| |||
|
40,491
|
ANZ
Group Holdings Ltd.
(AUD)
|
889,791
| |||
|
71,899
|
Axis
Bank Ltd. (INR) |
916,343
| |||
|
46,501
|
Banco
Bilbao Vizcaya
Argentaria
S.A. (EUR) |
892,077
| |||
|
88,255
|
Banco
Santander S.A. (EUR) |
919,489
| |||
|
17,420
|
Bank
of America Corp. |
898,698
| |||
|
1,543,576
|
Bank
of China Ltd., Class H
(HKD)
|
844,985
| |||
|
995,259
|
Bank
of Communications Co.,
Ltd.,
Class H (HKD) |
835,143
| |||
|
171,789
|
Barclays
PLC (GBP) |
877,024
| |||
|
9,492
|
BNP
Paribas S.A. (EUR) |
861,774
| |||
|
178,030
|
BOC
Hong Kong Holdings Ltd.
(HKD)
|
835,936
| |||
|
1,672,005
|
China
CITIC Bank Corp., Ltd.,
Class
H (HKD) |
1,437,392
| |||
|
141,343
|
China
Merchants Bank Co., Ltd.,
Class
H (HKD) |
849,299
| |||
|
8,946
|
Citigroup,
Inc. |
908,019
| |||
|
21,610
|
DBS
Group Holdings Ltd.
(SGD)
|
856,895
| |||
|
197,514
|
First
Abu Dhabi Bank PJSC
(AED)
|
841,023
| |||
|
24,980
|
HDFC
Bank Ltd., ADR |
853,317
| |||
|
64,442
|
HSBC
Holdings PLC (GBP) |
905,681
| |||
|
49,144
|
ICICI
Bank Ltd., ADR |
1,485,623
| |||
|
2,040,078
|
Industrial
& Commercial Bank
of
China Ltd., Class H (HKD) |
1,504,770
| |||
|
35,193
|
ING
Groep N.V., ADR |
917,833
| |||
|
2,893
|
JPMorgan
Chase & Co. |
912,539
| |||
|
39,649
|
Kotak
Mahindra Bank Ltd.
(INR)
|
889,849
| |||
|
196,018
|
Lloyds
Banking Group PLC,
ADR
|
889,922
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Banks
(Continued)
|
| |||
|
98,317
|
Nordea
Bank Abp (EUR) |
$1,613,126
| |||
|
1,189,627
|
Postal
Savings Bank of China
Co.,
Ltd., Class H
(HKD)
(c) (d) |
834,670
| |||
|
6,093
|
Royal
Bank of Canada (CAD) |
898,036
| |||
|
447,328
|
Sberbank
of Russia PJSC
(RUB)
(b) (e) (f) (g) |
0
| |||
|
10,881
|
Wells
Fargo & Co. |
912,045
| |||
|
35,039
|
Westpac
Banking Corp. (AUD) |
903,531
| |||
|
|
|
27,184,830
| |||
|
|
Broadline
Retail — 4.3%
|
| |||
|
10,111
|
Alibaba
Group Holding Ltd.,
ADR
|
1,807,139
| |||
|
6,835
|
Amazon.com,
Inc. (b) |
1,500,761
| |||
|
45,687
|
JD.com,
Inc., ADR |
1,598,131
| |||
|
|
|
4,906,031
| |||
|
|
Capital
Markets — 6.0%
|
| |||
|
8,372
|
Bank
of New York Mellon (The)
Corp.
|
912,213
| |||
|
3,369
|
CME
Group, Inc. |
910,270
| |||
|
3,133
|
Deutsche
Boerse AG (EUR) |
839,022
| |||
|
1,127
|
Goldman
Sachs Group (The),
Inc.
|
897,487
| |||
|
7,462
|
London
Stock Exchange
Group
PLC (GBP) |
854,635
| |||
|
655
|
Partners
Group Holding AG
(CHF)
|
850,377
| |||
|
1,605
|
S&P
Global, Inc. |
781,170
| |||
|
21,764
|
UBS
Group AG (CHF) |
888,823
| |||
|
|
|
6,933,997
| |||
|
|
Communications
Equipment —
1.6%
|
| |||
|
13,060
|
Cisco
Systems, Inc. |
893,565
| |||
|
191,351
|
Nokia
Oyj, ADR |
920,399
| |||
|
|
|
1,813,964
| |||
|
|
Consumer
Finance — 0.8%
|
| |||
|
2,684
|
American
Express Co. |
891,518
| |||
|
|
Consumer
Staples Distribution &
Retail — 1.5%
|
| |||
|
13,150
|
Kroger
(The) Co. |
886,441
| |||
|
8,612
|
Walmart,
Inc. |
887,553
| |||
|
|
|
1,773,994
| |||
|
|
Diversified
Telecommunication Services
— 6.2%
|
| |||
|
53,294
|
AT&T,
Inc. |
1,505,022
| |||
|
44,714
|
Deutsche
Telekom AG (EUR) |
1,522,927
| |||
|
331,763
|
Emirates
Telecommunications
Group
Co. PJSC (AED) |
1,701,696
| |||
|
2,133
|
Swisscom
AG (CHF) |
1,547,400
| |||
|
20,028
|
Verizon
Communications, Inc. |
880,231
| |||
|
|
|
7,157,276
| |||
See
Notes to Financial Statements
Page
27
First Trust Indxx
Innovative Transaction & Process ETF (LEGR)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS (a) (Continued) | |||||
|
|
Electric
Utilities — 1.6%
|
| |||
|
48,089
|
Iberdrola
S.A. (EUR) |
$909,273
| |||
|
12,307
|
Verbund
AG (EUR) |
894,398
| |||
|
|
|
1,803,671
| |||
|
|
Financial
Services — 3.4%
|
| |||
|
2,670
|
Mastercard,
Inc., Class A |
1,518,723
| |||
|
23,363
|
PayPal
Holdings, Inc. (b) |
1,566,723
| |||
|
2,574
|
Visa,
Inc., Class A |
878,712
| |||
|
|
|
3,964,158
| |||
|
|
Household
Durables — 0.8%
|
| |||
|
30,286
|
Sony
Group Corp., ADR |
871,934
| |||
|
|
Industrial
Conglomerates — 2.1%
|
| |||
|
7,299
|
Honeywell
International, Inc. |
1,536,440
| |||
|
3,291
|
Siemens
AG (EUR) |
885,585
| |||
|
|
|
2,422,025
| |||
|
|
Insurance
— 4.6%
|
| |||
|
91,444
|
AIA
Group Ltd. (HKD) |
877,196
| |||
|
2,139
|
Allianz
SE (EUR) |
897,539
| |||
|
11,230
|
American
International Group,
Inc.
|
882,004
| |||
|
18,728
|
AXA
S.A. (EUR) |
893,579
| |||
|
11,004
|
MetLife,
Inc. |
906,399
| |||
|
122,208
|
Ping
An Insurance Group Co. of
China
Ltd., Class H (HKD) |
833,099
| |||
|
6,057
|
Sony
Financial Group, Inc.,
ADR
(b) (e) (f) |
22,411
| |||
|
|
|
5,312,227
| |||
|
|
Interactive
Media & Services —
2.4%
|
| |||
|
14,055
|
Baidu,
Inc., ADR (b) |
1,852,027
| |||
|
10,975
|
Tencent
Holdings Ltd. (HKD) |
935,039
| |||
|
|
|
2,787,066
| |||
|
|
IT
Services — 9.4%
|
| |||
|
6,437
|
Accenture
PLC, Class A |
1,587,364
| |||
|
11,002
|
Capgemini
SE (EUR) |
1,595,887
| |||
|
22,277
|
Cognizant
Technology Solutions
Corp.,
Class A |
1,494,118
| |||
|
92,070
|
Infosys
Ltd., ADR (h) |
1,497,979
| |||
|
6,115
|
International
Business Machines
Corp.
|
1,725,408
| |||
|
44,495
|
Tata
Consultancy Services Ltd.
(INR)
|
1,447,474
| |||
|
563,309
|
Wipro
Ltd., ADR (h) |
1,481,503
| |||
|
|
|
10,829,733
| |||
|
|
Marine
Transportation — 0.7%
|
| |||
|
423
|
A.P.
Moller - Maersk A/S,
Class
B (DKK) |
829,294
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Metals
& Mining — 1.6%
|
| |||
|
33,020
|
BHP
Group Ltd. (AUD) |
$929,252
| |||
|
14,136
|
Rio
Tinto PLC, ADR |
933,117
| |||
|
|
|
1,862,369
| |||
|
|
Multi-Utilities
— 1.4%
|
| |||
|
74,078
|
Engie
S.A. (EUR) |
1,587,665
| |||
|
|
Oil,
Gas & Consumable Fuels —
0.8%
|
| |||
|
42,503
|
Gazprom
PJSC,
ADR
(b) (e) (f) (g) |
0
| |||
|
364,010
|
Gazprom
PJSC
(RUB)
(b) (e) (f) (g) |
0
| |||
|
12,275
|
Shell
PLC, ADR |
878,031
| |||
|
|
|
878,031
| |||
|
|
Pharmaceuticals
— 1.3%
|
| |||
|
10,435
|
Zoetis,
Inc. |
1,526,849
| |||
|
|
Semiconductors
&
Semiconductor
Equipment —
9.1%
|
| |||
|
10,096
|
Advanced
Micro Devices,
Inc.
(b) |
1,633,432
| |||
|
41,982
|
Infineon
Technologies AG
(EUR)
|
1,636,399
| |||
|
63,862
|
Intel
Corp. (b) |
2,142,570
| |||
|
10,438
|
Micron
Technology, Inc. |
1,746,486
| |||
|
8,871
|
NVIDIA
Corp. |
1,655,151
| |||
|
6,070
|
Taiwan
Semiconductor
Manufacturing
Co., Ltd., ADR |
1,695,290
| |||
|
|
|
10,509,328
| |||
|
|
Software
— 6.2%
|
| |||
|
3,137
|
Microsoft
Corp. |
1,624,809
| |||
|
5,105
|
Oracle
Corp. |
1,435,730
| |||
|
6,381
|
Salesforce,
Inc. |
1,512,297
| |||
|
6,097
|
SAP
SE (EUR) |
1,631,355
| |||
|
3,900
|
Workday,
Inc., Class A (b) |
938,847
| |||
|
|
|
7,143,038
| |||
|
|
Specialty
Retail — 0.7%
|
| |||
|
2,088
|
Home
Depot (The), Inc. |
846,037
| |||
|
|
Technology
Hardware, Storage &
Peripherals — 1.5%
|
| |||
|
29,802
|
Samsung
Electronics Co., Ltd.
(KRW)
|
1,782,109
| |||
|
|
Wireless
Telecommunication Services
— 1.3%
|
| |||
|
1,009,300
|
SoftBank
Corp. (JPY) |
1,485,780
| |||
|
|
Total
Common Stocks |
114,456,940
| |||
|
|
(Cost
$93,848,019) |
| |||
See
Notes to Financial Statements
Page
28
First Trust Indxx
Innovative Transaction & Process ETF (LEGR)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
MONEY
MARKET FUNDS — 0.3% | |||||
|
377,879
|
Dreyfus
Government Cash
Management
Fund,
Institutional
Shares - 4.04% (i) |
$377,879
| |||
|
|
(Cost
$377,879) |
| |||
|
Principal
Value
|
Description
|
Value
| |||
|
REPURCHASE
AGREEMENTS — 2.2% | |||||
|
$521,347
|
Bank
of America Corp.,
4.20%
(i), dated 09/30/25, due
10/01/25,
with a maturity
value
of $521,408.
Collateralized
by
U.S.
Treasury Securities,
interest
rates of 0.00% to
4.63%,
due 11/15/41 to
05/15/54.
The value of the
collateral
including accrued
interest
is $531,774. (j) |
$521,347
| |||
|
763,001
|
JPMorgan
Chase & Co.,
4.20%
(i), dated 09/30/25, due
10/01/25,
with a maturity
value
of $763,090.
Collateralized
by
U.S.
Treasury Securities,
interest
rates of 4.13% to
4.50%,
due 12/31/31 to
05/31/32.
The value of the
collateral
including accrued
interest
is $778,261. (j) |
763,001
| |||
|
Principal
Value
|
Description
|
Value
| |||
|
| |||||
|
$457,451
|
Mizuho
Financial Group, Inc.,
4.20%
(i), dated 09/30/25, due
10/01/25,
with a maturity
value
of $457,504.
Collateralized
by
U.S.
Treasury Securities,
interest
rates of 0.75% to
4.38%,
due 05/31/26 to
09/30/32.
The value of the
collateral
including accrued
interest
is $466,600. (j) |
$457,451
| |||
|
820,608
|
RBC
Dominion Securities, Inc.,
4.19%
(i), dated 09/30/25, due
10/01/25,
with a maturity
value
of $820,704.
Collateralized
by
U.S.
Treasury Securities,
interest
rates of 0.00% to
4.75%,
due 10/23/25 to
08/15/55.
The value of the
collateral
including accrued
interest
is $837,020. (j) |
820,608
| |||
|
|
Total
Repurchase Agreements |
2,562,407
| |||
|
|
(Cost
$2,562,407) |
| |||
|
| |||||
|
| |||||
|
|
Total
Investments — 101.9% |
117,397,226
| |||
|
|
(Cost
$96,788,305) |
| |||
|
|
Net
Other Assets and
Liabilities
— (1.9)% |
(2,200,290
) | |||
|
|
Net
Assets — 100.0% |
$115,196,936
| |||
|
(a)
|
Securities
are issued in U.S. dollars unless otherwise
indicated
in the security description. |
|
(b)
|
Non-income
producing security. |
|
(c)
|
This
security is exempt from registration upon resale under
Rule
144A of the Securities Act of 1933, as amended (the
“1933
Act”) and may be resold in transactions exempt from
registration,
normally to qualified institutional buyers. This
security
is not restricted on the foreign exchange where it
trades
freely without any additional registration. |
|
(d)
|
This
security may be resold to qualified foreign investors and
foreign
institutional buyers under Regulation S of the 1933
Act.
|
|
(e)
|
Pursuant
to procedures adopted by the Trust’s Board of
Trustees,
this security has been determined to be illiquid by
First
Trust Advisors L.P., the Fund’s advisor. |
|
(f)
|
This
security is fair valued by the Advisor’s Pricing
Committee
in accordance with procedures approved by the
Trust’s
Board of Trustees, and in accordance with provisions
of
the Investment Company Act of 1940 and rules
thereunder,
as amended. At September 30, 2025, securities
noted
as such are valued at $22,411 or 0.0% of net assets. |
See
Notes to Financial Statements
Page
29
First Trust Indxx
Innovative Transaction & Process ETF (LEGR)
Portfolio of Investments (Continued)
September 30, 2025
|
(g)
|
This
security’s value was determined using significant
unobservable
inputs (see Note
2A
- Portfolio Valuation in the
Notes
to Financial Statements). |
|
(h)
|
All
or a portion of this security is on loan (see Note 2F
-
Securities
Lending in the Notes to Financial Statements). The
remaining
contractual maturity of all of the securities lending
transactions
is overnight and continuous. The aggregate
value
of such securities is $2,461,304 and the total value of
the
collateral held by the Fund, including for securities sold
and
pending settlement, is $2,562,407. |
|
(i)
|
Rate
shown reflects yield as of September 30, 2025. |
|
(j)
|
This
security serves as collateral for securities on loan. |
|
Currency
Exposure Diversification |
%
of Total
Investments
|
|
USD
|
56.4%
|
|
EUR
|
17.3
|
|
HKD
|
8.3
|
|
CHF
|
2.8
|
|
INR
|
2.8
|
|
AUD
|
2.3
|
|
GBP
|
2.2
|
|
AED
|
2.2
|
|
JPY
|
2.0
|
|
KRW
|
1.5
|
|
CAD
|
0.8
|
|
SGD
|
0.7
|
|
DKK
|
0.7
|
|
RUB
|
0.0‡
|
|
Total
|
100.0%
|
|
‡
|
Investments
are valued at $0. |
|
Country
Allocation†
|
%
of Net
Assets
|
|
United
States |
39.6%
|
|
Germany
|
8.0
|
|
India
|
7.4
|
|
China
|
6.2
|
|
Cayman
Islands |
5.4
|
|
United
Kingdom |
4.6
|
|
France
|
4.3
|
|
Japan
|
3.2
|
|
Switzerland
|
2.8
|
|
Australia
|
2.4
|
|
Spain
|
2.4
|
|
United
Arab Emirates |
2.2
|
|
Finland
|
2.2
|
|
Netherlands
|
1.6
|
|
South
Korea |
1.5
|
|
Canada
|
1.5
|
|
Hong
Kong |
1.5
|
|
Taiwan
|
1.5
|
|
Ireland
|
1.4
|
|
Austria
|
0.8
|
|
Singapore
|
0.7
|
|
Denmark
|
0.7
|
|
Russia
|
0.0††
|
|
Total
Investments |
101.9
|
|
Net
Other Assets and Liabilities |
(1.9)
|
|
Total
|
100.0%
|
|
†
|
Portfolio
securities are categorized based upon their country
of
incorporation, which can be different from the country
categorization
of the Fund’s underlying index. |
|
††
|
Investments
are valued at $0. |
See
Notes to Financial Statements
Page
30
First Trust Indxx
Innovative Transaction & Process ETF (LEGR)
Portfolio of Investments (Continued)
September 30, 2025
Valuation Inputs
A
summary of the inputs used to value the Fund’s investments as of
September 30, 2025 is as follows (see Note 2A
- Portfolio Valuation in the Notes to Financial Statements):
|
|
Total
Value
at
9/30/2025
|
Level
1
Quoted
Prices
|
Level
2
Significant
Observable
Inputs
|
Level
3
Significant
Unobservable
Inputs
|
|
Common
Stocks: |
|
|
|
|
|
Banks
|
$ 27,184,830
|
$ 27,184,830
|
$ —
|
$ —**
|
|
Insurance
|
5,312,227
|
5,289,816
|
22,411
|
—
|
|
Oil,
Gas &
Consumable
Fuels
|
878,031
|
878,031
|
—
|
—**
|
|
Other
Industry
Categories*
|
81,081,852
|
81,081,852
|
—
|
—
|
|
Money
Market Funds |
377,879
|
377,879
|
—
|
—
|
|
Repurchase
Agreements
|
2,562,407
|
—
|
2,562,407
|
—
|
|
Total
Investments |
$117,397,226
|
$114,812,408
|
$2,584,818
|
$—**
|
|
*
|
See
Portfolio of Investments for industry breakout. |
|
**
|
Investments
are valued at $0. |
Level 3 investments are fair
valued by the Advisor’s Pricing Committee and
are footnoted in the Portfolio of Investments. All Level
3 values are based on unobservable inputs.
Offsetting Assets and Liabilities
Offsetting
assets and liabilities requires entities to disclose both gross
and net information about instruments and transactions eligible
for offset, and to disclose instruments and transactions subject
to master netting or similar agreements (see Note 2C
- Offsetting on the Statements of Assets and Liabilities
in the Notes to Financial Statements).
The Fund’s loaned securities
were all subject to an enforceable Securities Lending
Agency Agreement. Securities lent in accordance with
the Securities Lending Agency Agreement on a gross
basis were as follows:
|
Securities
Lending Agency Agreement | |
|
$2,461,304
| |
|
Non-cash
Collateral(2)
|
(2,461,304
) |
|
Net
Amount |
$—
|
|
(1)
|
The
amount presented on the Statements of Assets and
Liabilities,
which is included in “Investments, at value,” is not
offset
and is shown on a gross basis. |
|
(2)
|
At
September 30, 2025, the value of the collateral received
from
each borrower exceeded the value of the related
securities
loaned. This amount is disclosed on the Portfolio of
Investments.
|
The Fund’s investments
in repurchase agreements were all subject to an enforceable
Master Repurchase Agreement. Repurchase Agreements
on a gross basis were as follows:
|
Repurchase
Agreements | |
|
Total
gross amount presented on the Statements
of
Assets and Liabilities(3)
|
$2,562,407
|
|
Non-cash
Collateral(4)
|
(2,562,407
) |
|
Net
Amount |
$—
|
|
(3)
|
The
amount is included in “Investments, at value” on the
Statements
of Assets and Liabilities. |
|
(4)
|
At
September 30, 2025, the value of the collateral received
from
each seller exceeded the value of the repurchase
agreements.
|
See
Notes to Financial Statements
Page
31
First Trust Nasdaq
Artificial Intelligence and Robotics ETF (ROBT)
Portfolio of Investments
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS (a) — 99.9% | |||||
|
|
Aerospace
& Defense — 4.3%
|
| |||
|
34,959
|
AeroVironment,
Inc. (b) |
$11,008,239
| |||
|
35,500
|
Kratos
Defense & Security
Solutions,
Inc. (b) |
3,243,635
| |||
|
3,961
|
Northrop
Grumman Corp. |
2,413,517
| |||
|
1,312,516
|
QinetiQ
Group PLC (GBP) |
9,699,785
| |||
|
|
|
26,365,176
| |||
|
|
Air
Freight & Logistics — 0.4%
|
| |||
|
44,395
|
GXO
Logistics, Inc. (b) |
2,348,052
| |||
|
|
Automobile
Components — 4.4%
|
| |||
|
29,390
|
Aptiv
PLC (b) |
2,534,006
| |||
|
160,700
|
Denso
Corp. (JPY) |
2,320,552
| |||
|
301,223
|
Gentex
Corp. |
8,524,611
| |||
|
50,923
|
Magna
International, Inc. |
2,412,732
| |||
|
602,230
|
Mobileye
Global, Inc.,
Class
A (b) |
8,503,488
| |||
|
192,842
|
Valeo
SE (EUR) |
2,407,836
| |||
|
|
|
26,703,225
| |||
|
|
Automobiles
— 0.9%
|
| |||
|
14,770
|
Hyundai
Motor Co. (KRW) |
2,263,319
| |||
|
7,000
|
Tesla,
Inc. (b) |
3,113,040
| |||
|
|
|
5,376,359
| |||
|
|
Biotechnology
— 1.4%
|
| |||
|
1,795,157
|
Recursion
Pharmaceuticals, Inc.,
Class
A (b) (c) |
8,760,366
| |||
|
|
Broadline
Retail — 1.6%
|
| |||
|
17,313
|
Alibaba
Group Holding Ltd.,
ADR
|
3,094,353
| |||
|
17,984
|
Amazon.com,
Inc. (b) |
3,948,747
| |||
|
75,227
|
JD.com,
Inc., ADR |
2,631,440
| |||
|
|
|
9,674,540
| |||
|
|
Communications
Equipment —
1.8%
|
| |||
|
17,116
|
Arista
Networks, Inc. (b) |
2,493,972
| |||
|
122,120
|
Cisco
Systems, Inc. |
8,355,451
| |||
|
|
|
10,849,423
| |||
|
|
Consumer
Finance — 1.0%
|
| |||
|
115,138
|
Upstart
Holdings, Inc. (b) (c) |
5,849,010
| |||
|
|
Consumer
Staples Distribution &
Retail — 0.9%
|
| |||
|
1,855,304
|
Ocado
Group PLC (GBP) (b) |
5,614,194
| |||
|
|
Electrical
Equipment — 3.5%
|
| |||
|
61,301
|
ABB
Ltd. (CHF) |
4,414,011
| |||
|
17,708
|
Emerson
Electric Co. |
2,322,935
| |||
|
96,600
|
Mitsubishi
Electric Corp. (JPY) |
2,484,159
| |||
|
188,300
|
NIDEC
CORP. (JPY) |
3,353,200
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Electrical
Equipment
(Continued)
|
| |||
|
11,991
|
Rockwell
Automation, Inc. |
$4,191,214
| |||
|
16,750
|
Schneider
Electric SE (EUR) |
4,672,498
| |||
|
|
|
21,438,017
| |||
|
|
Electronic
Equipment,
Instruments
& Components —
5.6%
|
| |||
|
93,723
|
Cognex
Corp. |
4,245,652
| |||
|
177,061
|
Delta
Electronics, Inc. (TWD) |
4,961,286
| |||
|
758,113
|
Hexagon
AB, Class B (SEK) |
9,010,967
| |||
|
10,600
|
Keyence
Corp. (JPY) |
3,955,154
| |||
|
159,500
|
Omron
Corp. (JPY) (c) |
4,389,661
| |||
|
139,100
|
Yokogawa
Electric Corp. (JPY) |
4,002,235
| |||
|
12,987
|
Zebra
Technologies Corp.,
Class
A (b) |
3,859,217
| |||
|
|
|
34,424,172
| |||
|
|
Energy
Equipment & Services —
1.4%
|
| |||
|
345,788
|
Oceaneering
International,
Inc.
(b) |
8,568,627
| |||
|
|
Health
Care Equipment & Supplies
— 2.4%
|
| |||
|
17,826
|
Intuitive
Surgical, Inc. (b) |
7,972,322
| |||
|
25,183
|
Medtronic
PLC |
2,398,429
| |||
|
71,719
|
Omnicell,
Inc. (b) |
2,183,844
| |||
|
5,972
|
Stryker
Corp. |
2,207,669
| |||
|
|
|
14,762,264
| |||
|
|
Hotels,
Restaurants & Leisure —
1.5%
|
| |||
|
760,111
|
Serve
Robotics, Inc. (b) |
8,840,091
| |||
|
|
Household
Durables — 0.4%
|
| |||
|
84,100
|
Sony
Group Corp. (JPY) |
2,422,030
| |||
|
|
Industrial
Conglomerates — 1.3%
|
| |||
|
30,465
|
Siemens
AG (EUR) |
8,197,920
| |||
|
|
Insurance
— 0.0%
|
| |||
|
84,100
|
Sony
Financial Group, Inc.
(JPY)
(b) |
93,264
| |||
|
|
Interactive
Media & Services —
3.9%
|
| |||
|
19,343
|
Alphabet,
Inc., Class A |
4,702,283
| |||
|
24,525
|
Baidu,
Inc., ADR (b) |
3,231,659
| |||
|
51,992
|
Kakao
Corp. (KRW) |
2,208,562
| |||
|
11,423
|
Meta
Platforms, Inc., Class A |
8,388,823
| |||
|
15,150
|
NAVER
Corp. (KRW) |
2,899,238
| |||
|
30,540
|
Tencent
Holdings Ltd. (HKD) |
2,601,921
| |||
|
|
|
24,032,486
| |||
|
|
IT
Services — 6.5%
|
| |||
|
29,538
|
Akamai
Technologies, Inc. (b) |
2,237,799
| |||
|
1,664,148
|
BigBear.ai
Holdings, Inc. (b) (c) |
10,850,245
| |||
See
Notes to Financial Statements
Page
32
First Trust Nasdaq
Artificial Intelligence and Robotics ETF (ROBT)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS (a) (Continued) | |||||
|
|
IT
Services (Continued)
|
| |||
|
40,425
|
Cloudflare,
Inc., Class A (b) |
$8,674,801
| |||
|
39,966
|
CoreWeave,
Inc., Class A (b) |
5,469,347
| |||
|
34,651
|
International
Business Machines
Corp.
|
9,777,126
| |||
|
7,405
|
MongoDB,
Inc. (b) |
2,298,364
| |||
|
|
|
39,307,682
| |||
|
|
Life
Sciences Tools & Services —
3.4%
|
| |||
|
84,406
|
Illumina,
Inc. (b) |
8,016,038
| |||
|
19,930
|
Tecan
Group AG (CHF) |
3,575,157
| |||
|
111,222
|
Tempus
AI, Inc. (b) (c) |
8,976,728
| |||
|
|
|
20,567,923
| |||
|
|
Machinery
— 9.3%
|
| |||
|
148,712
|
ATS
Corp. (CAD) (b) |
3,890,640
| |||
|
10,050,111
|
AutoStore
Holdings Ltd.
(NOK)
(b) (d) (e) |
9,174,413
| |||
|
128,800
|
Daifuku
Co., Ltd. (JPY) |
4,130,902
| |||
|
4,883
|
Deere
& Co. |
2,232,801
| |||
|
296,500
|
FANUC
Corp. (JPY) |
8,545,038
| |||
|
28,741
|
JBT
Marel Corp. |
4,036,673
| |||
|
38,100
|
Kawasaki
Heavy Industries Ltd.
(JPY)
(c) |
2,517,071
| |||
|
82,678
|
Proto
Labs, Inc. (b) |
4,136,380
| |||
|
177,889
|
Symbotic,
Inc. (b) (c) |
9,588,217
| |||
|
118,580
|
Valmet
Oyj (EUR) (c) |
3,937,121
| |||
|
204,400
|
Yaskawa
Electric Corp. (JPY) |
4,363,463
| |||
|
|
|
56,552,719
| |||
|
|
Pharmaceuticals
— 0.4%
|
| |||
|
13,192
|
Johnson
& Johnson |
2,446,061
| |||
|
|
Professional
Services — 1.4%
|
| |||
|
108,429
|
Innodata,
Inc. (b) |
8,356,623
| |||
|
|
Semiconductors
&
Semiconductor
Equipment —
10.3%
|
| |||
|
25,323
|
Advanced
Micro Devices,
Inc.
(b) |
4,097,008
| |||
|
49,930
|
Ambarella,
Inc. (b) |
4,120,224
| |||
|
22,602
|
Astera
Labs, Inc. (b) |
4,425,472
| |||
|
13,847
|
Broadcom,
Inc. |
4,568,264
| |||
|
95,988
|
Intel
Corp. (b) |
3,220,397
| |||
|
4,721
|
KLA
Corp. |
5,092,071
| |||
|
34,603
|
Micron
Technology, Inc. |
5,789,774
| |||
|
23,644
|
NVIDIA
Corp. |
4,411,497
| |||
|
17,535
|
NXP
Semiconductors N.V. |
3,993,245
| |||
|
25,621
|
QUALCOMM,
Inc. |
4,262,310
| |||
|
342,200
|
Renesas
Electronics Corp. (JPY) |
3,947,616
| |||
|
21,283
|
SK
Hynix, Inc. (KRW) |
5,271,261
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Semiconductors
&
Semiconductor
Equipment
(Continued)
|
| |||
|
17,837
|
Taiwan
Semiconductor
Manufacturing
Co., Ltd., ADR |
$4,981,696
| |||
|
34,829
|
Teradyne,
Inc. |
4,793,863
| |||
|
|
|
62,974,698
| |||
|
|
Software
— 30.2%
|
| |||
|
6,552
|
Adobe,
Inc. (b) |
2,311,218
| |||
|
274,113
|
Appian
Corp., Class A (b) |
8,379,634
| |||
|
7,427
|
Autodesk,
Inc. (b) |
2,359,335
| |||
|
42,990
|
BlackLine,
Inc. (b) |
2,282,769
| |||
|
498,950
|
C3.ai,
Inc., Class A (b) (c) |
8,651,793
| |||
|
24,076
|
Cadence
Design Systems,
Inc.
(b) |
8,456,936
| |||
|
852,247
|
CCC
Intelligent Solutions
Holdings,
Inc. (b) |
7,763,970
| |||
|
270,987
|
Dassault
Systemes SE (EUR) |
9,070,548
| |||
|
166,743
|
Dynatrace,
Inc. (b) |
8,078,698
| |||
|
27,478
|
Elastic
N.V. (b) |
2,321,616
| |||
|
8,127
|
Microsoft
Corp. |
4,209,380
| |||
|
59,690
|
Nice
Ltd., ADR (b) |
8,641,918
| |||
|
53,841
|
Palantir
Technologies, Inc.,
Class
A (b) |
9,821,675
| |||
|
44,285
|
Palo
Alto Networks, Inc. (b) |
9,017,312
| |||
|
155,639
|
Pegasystems,
Inc. |
8,949,242
| |||
|
337,600
|
PKSHA
Technology, Inc.
(JPY)
(b) |
8,811,820
| |||
|
544,338
|
PROS
Holdings, Inc. (b) |
12,470,784
| |||
|
10,947
|
PTC,
Inc. (b) |
2,222,460
| |||
|
32,926
|
Salesforce,
Inc. |
7,803,462
| |||
|
447,362
|
SentinelOne,
Inc., Class A (b) |
7,878,045
| |||
|
9,197
|
ServiceNow,
Inc. (b) |
8,463,815
| |||
|
648,022
|
SoundHound
AI, Inc.,
Class
A (b) (c) |
10,420,194
| |||
|
13,981
|
Synopsys,
Inc. (b) |
6,898,086
| |||
|
758,744
|
UiPath,
Inc., Class A (b) |
10,151,995
| |||
|
36,554
|
Workday,
Inc., Class A (b) |
8,799,644
| |||
|
|
|
184,236,349
| |||
|
|
Technology
Hardware, Storage &
Peripherals — 1.3%
|
| |||
|
10,069
|
Apple,
Inc. |
2,563,870
| |||
|
46,621
|
Samsung
Electronics Co., Ltd.
(KRW)
|
2,787,856
| |||
|
181,400
|
Seiko
Epson Corp. (JPY) |
2,328,141
| |||
|
|
|
7,679,867
| |||
|
|
Wireless
Telecommunication Services
— 0.4%
|
| |||
|
21,200
|
SoftBank
Group Corp. (JPY) |
2,678,581
| |||
|
|
Total
Common Stocks |
609,119,719
| |||
|
|
(Cost
$521,701,618) |
| |||
See
Notes to Financial Statements
Page
33
First Trust Nasdaq
Artificial Intelligence and Robotics ETF (ROBT)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
MONEY
MARKET FUNDS — 0.1% | |||||
|
333,669
|
Dreyfus
Government Cash
Management
Fund,
Institutional
Shares -
4.04%
(f) |
$333,669
| |||
|
|
(Cost
$333,669) |
| |||
|
Principal
Value
|
Description
|
Value
| |||
|
REPURCHASE
AGREEMENTS — 8.8% | |||||
|
$10,952,817
|
Bank
of America Corp.,
4.20%
(f), dated 09/30/25, due
10/01/25,
with a maturity
value
of $10,954,095.
Collateralized
by
U.S.
Treasury Securities,
interest
rates of 0.00% to
4.63%,
due 11/15/41 to
05/15/54.
The value of the
collateral
including accrued
interest
is $11,171,873. (g) |
10,952,817
| |||
|
16,029,694
|
JPMorgan
Chase & Co.,
4.20%
(f), dated 09/30/25, due
10/01/25,
with a maturity
value
of $16,031,564.
Collateralized
by
U.S.
Treasury Securities,
interest
rates of 4.13% to
4.50%,
due 12/31/31 to
05/31/32.
The value of the
collateral
including accrued
interest
is $16,350,288. (g) |
16,029,694
| |||
|
Principal
Value
|
Description
|
Value
| |||
|
| |||||
|
$9,610,411
|
Mizuho
Financial Group, Inc.,
4.20%
(f), dated 09/30/25, due
10/01/25,
with a maturity
value
of $9,611,532.
Collateralized
by
U.S.
Treasury Securities,
interest
rates of 0.75% to
4.38%,
due 05/31/26 to
09/30/32.
The value of the
collateral
including accrued
interest
is $9,802,622. (g) |
$9,610,411
| |||
|
17,239,948
|
RBC
Dominion Securities, Inc.,
4.19%
(f), dated 09/30/25, due
10/01/25,
with a maturity
value
of $17,241,955.
Collateralized
by
U.S.
Treasury Securities,
interest
rates of 0.00% to
4.75%,
due 10/23/25 to
08/15/55.
The value of the
collateral
including accrued
interest
is $17,584,747. (g) |
17,239,948
| |||
|
|
Total
Repurchase Agreements |
53,832,870
| |||
|
|
(Cost
$53,832,870) |
| |||
|
| |||||
|
| |||||
|
|
Total
Investments — 108.8% |
663,286,258
| |||
|
|
(Cost
$575,868,157) |
| |||
|
|
Net
Other Assets and
Liabilities
— (8.8)% |
(53,391,137
) | |||
|
|
Net
Assets — 100.0% |
$609,895,121
| |||
|
(a)
|
Securities
are issued in U.S. dollars unless otherwise
indicated
in the security description. |
|
(b)
|
Non-income
producing security. |
|
(c)
|
All
or a portion of this security is on loan (see Note 2F
-
Securities
Lending in the Notes to Financial Statements). The
remaining
contractual maturity of all of the securities lending
transactions
is overnight and continuous. The aggregate
value
of such securities is $52,101,316 and the total value of
the
collateral held by the Fund, including for securities sold
and
pending settlement, is $53,832,870. |
|
(d)
|
This
security is exempt from registration upon resale under
Rule
144A of the Securities Act of 1933, as amended (the
“1933
Act”) and may be resold in transactions exempt from
registration,
normally to qualified institutional buyers. This
security
is not restricted on the foreign exchange where it
trades
freely without any additional registration. |
|
(e)
|
This
security may be resold to qualified foreign investors and
foreign
institutional buyers under Regulation S of the 1933
Act.
|
|
(f)
|
Rate
shown reflects yield as of September 30, 2025. |
|
(g)
|
This
security serves as collateral for securities on loan. |
See
Notes to Financial Statements
Page
34
First Trust Nasdaq
Artificial Intelligence and Robotics ETF (ROBT)
Portfolio of Investments (Continued)
September 30, 2025
|
Currency
Exposure Diversification |
%
of Total
Investments
|
|
USD
|
76.3%
|
|
JPY
|
9.1
|
|
EUR
|
4.3
|
|
KRW
|
2.3
|
|
GBP
|
2.3
|
|
NOK
|
1.4
|
|
SEK
|
1.4
|
|
CHF
|
1.2
|
|
TWD
|
0.7
|
|
CAD
|
0.6
|
|
HKD
|
0.4
|
|
Total
|
100.0%
|
|
Country
Allocation†
|
%
of Net
Assets
|
|
United
States |
72.0%
|
|
Japan
|
11.5
|
|
Canada
|
3.9
|
|
France
|
2.7
|
|
Cayman
Islands |
2.6
|
|
South
Korea |
2.5
|
|
United
Kingdom |
2.5
|
|
Taiwan
|
1.6
|
|
Bermuda
|
1.5
|
|
Sweden
|
1.5
|
|
Israel
|
1.4
|
|
Germany
|
1.3
|
|
Switzerland
|
1.3
|
|
Netherlands
|
1.0
|
|
Finland
|
0.7
|
|
Jersey
|
0.4
|
|
Ireland
|
0.4
|
|
Total
Investments |
108.8
|
|
Net
Other Assets and Liabilities |
(8.8)
|
|
Total
|
100.0%
|
|
†
|
Portfolio
securities are categorized based upon their country of
incorporation,
which can be different from the country
categorization
of the Fund’s underlying index. |
A
summary of the inputs used to value the Fund’s investments as of
September 30, 2025 is as follows (see Note 2A
- Portfolio Valuation in the Notes to Financial Statements):
|
|
Total
Value
at
9/30/2025
|
Level
1
Quoted
Prices
|
Level
2
Significant
Observable
Inputs
|
Level
3
Significant
Unobservable
Inputs
|
|
Common
Stocks* |
$ 609,119,719
|
$ 609,119,719
|
$ —
|
$ —
|
|
Money
Market
Funds
|
333,669
|
333,669
|
—
|
—
|
|
Repurchase
Agreements
|
53,832,870
|
—
|
53,832,870
|
—
|
|
Total
Investments |
$663,286,258
|
$609,453,388
|
$53,832,870
|
$—
|
|
*
|
See
Portfolio of Investments for industry breakout. |
Offsetting Assets and Liabilities
Offsetting
assets and liabilities requires entities to disclose both gross
and net information about instruments and transactions eligible
for offset, and to disclose instruments and transactions subject
to master netting or similar agreements (see Note 2C
- Offsetting on the Statements of Assets and Liabilities
in the Notes to Financial Statements).
See
Notes to Financial Statements
Page
35
First Trust Nasdaq
Artificial Intelligence and Robotics ETF (ROBT)
Portfolio of Investments (Continued)
September 30, 2025
The Fund’s
loaned securities were all subject to an enforceable Securities
Lending Agency Agreement. Securities lent in accordance
with the Securities Lending Agency Agreement on a gross
basis were as follows:
|
Securities
Lending Agency Agreement | |
|
$52,101,316
| |
|
Non-cash
Collateral(2)
|
(52,101,316
) |
|
Net
Amount |
$—
|
|
(1)
|
The
amount presented on the Statements of Assets and
Liabilities,
which is included in “Investments, at value,” is not
offset
and is shown on a gross basis. |
|
(2)
|
At
September 30, 2025, the value of the collateral received
from
each borrower exceeded the value of the related
securities
loaned. This amount is disclosed on the Portfolio of
Investments.
|
The Fund’s investments
in repurchase agreements were all subject to an enforceable
Master Repurchase Agreement. Repurchase Agreements
on a gross basis were as follows:
|
Repurchase
Agreements | |
|
Total
gross amount presented on the Statements
of
Assets and Liabilities(3)
|
$53,832,870
|
|
Non-cash
Collateral(4)
|
(53,832,870
) |
|
Net
Amount |
$—
|
|
(3)
|
The
amount is included in “Investments, at value” on the
Statements
of Assets and Liabilities. |
|
(4)
|
At
September 30, 2025, the value of the collateral received
from
each seller exceeded the value of the repurchase
agreements.
|
See
Notes to Financial Statements
Page
36
First Trust Dorsey
Wright Momentum & Low Volatility ETF (DVOL)
Portfolio of Investments
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS — 99.9% | |||||
|
|
Aerospace
& Defense — 1.2%
|
| |||
|
6,271
|
RTX
Corp. |
$1,049,326
| |||
|
|
Capital
Markets — 11.0%
|
| |||
|
16,353
|
Bank
of New York Mellon (The)
Corp.
|
1,781,823
| |||
|
935
|
Blackrock,
Inc. |
1,090,088
| |||
|
7,830
|
Cboe
Global Markets, Inc. |
1,920,308
| |||
|
9,787
|
CME
Group, Inc. |
2,644,350
| |||
|
14,715
|
Intercontinental
Exchange, Inc. |
2,479,183
| |||
|
|
|
9,915,752
| |||
|
|
Commercial
Services & Supplies
— 6.8%
|
| |||
|
5,757
|
Cintas
Corp. |
1,181,682
| |||
|
11,068
|
Republic
Services, Inc. |
2,539,885
| |||
|
41,911
|
Rollins,
Inc. |
2,461,852
| |||
|
|
|
6,183,419
| |||
|
|
Construction
Materials — 1.1%
|
| |||
|
3,107
|
Vulcan
Materials Co. |
955,775
| |||
|
|
Consumer
Staples Distribution &
Retail — 6.0%
|
| |||
|
2,247
|
Costco
Wholesale Corp. |
2,079,891
| |||
|
20,708
|
US
Foods Holding Corp. (a) |
1,586,647
| |||
|
17,400
|
Walmart,
Inc. |
1,793,244
| |||
|
|
|
5,459,782
| |||
|
|
Diversified
Consumer Services —
1.8%
|
| |||
|
19,104
|
Service
Corp. International |
1,589,835
| |||
|
|
Diversified
Telecommunication Services
— 1.9%
|
| |||
|
61,979
|
AT&T,
Inc. |
1,750,287
| |||
|
|
Electric
Utilities — 7.1%
|
| |||
|
24,484
|
American
Electric Power Co.,
Inc.
|
2,754,450
| |||
|
10,460
|
Entergy
Corp. |
974,767
| |||
|
28,704
|
Southern
(The) Co. |
2,720,278
| |||
|
|
|
6,449,495
| |||
|
|
Entertainment
— 1.0%
|
| |||
|
8,530
|
Liberty
Media Corp.-Liberty
Formula
One, Class C (a) |
890,959
| |||
|
|
Financial
Services — 4.4%
|
| |||
|
3,783
|
Mastercard,
Inc., Class A |
2,151,808
| |||
|
5,336
|
Visa,
Inc., Class A |
1,821,604
| |||
|
|
|
3,973,412
| |||
|
|
Health
Care Equipment & Supplies
— 4.7%
|
| |||
|
18,017
|
Abbott
Laboratories |
2,413,197
| |||
|
19,202
|
Boston
Scientific Corp. (a) |
1,874,691
| |||
|
|
|
4,287,888
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Health
Care Providers & Services
— 6.8%
|
| |||
|
13,983
|
Cardinal
Health, Inc. |
$2,194,771
| |||
|
8,230
|
Cencora,
Inc. |
2,572,122
| |||
|
10,834
|
Encompass
Health Corp. |
1,376,135
| |||
|
|
|
6,143,028
| |||
|
|
Health
Care REITs — 3.0%
|
| |||
|
15,407
|
Welltower,
Inc. |
2,744,603
| |||
|
|
Hotels,
Restaurants & Leisure —
1.2%
|
| |||
|
4,267
|
Hilton
Worldwide Holdings, Inc. |
1,107,030
| |||
|
|
Insurance
— 19.3%
|
| |||
|
19,809
|
Aflac,
Inc. |
2,212,665
| |||
|
4,817
|
Allstate
(The) Corp. |
1,033,969
| |||
|
11,645
|
American
Financial Group, Inc. |
1,696,909
| |||
|
16,996
|
American
International Group,
Inc.
|
1,334,866
| |||
|
7,275
|
Arthur
J. Gallagher & Co. |
2,253,359
| |||
|
13,443
|
Axis
Capital Holdings Ltd. |
1,287,839
| |||
|
8,674
|
Chubb
Ltd. |
2,448,237
| |||
|
63,542
|
Old
Republic International Corp. |
2,698,629
| |||
|
5,012
|
Primerica,
Inc. |
1,391,281
| |||
|
3,827
|
Travelers
(The) Cos., Inc. |
1,068,575
| |||
|
|
|
17,426,329
| |||
|
|
Machinery
— 1.4%
|
| |||
|
3,564
|
Snap-on,
Inc. |
1,235,033
| |||
|
|
Oil,
Gas & Consumable Fuels —
2.5%
|
| |||
|
60,290
|
Antero
Midstream Corp. |
1,172,037
| |||
|
36,838
|
Kinder
Morgan, Inc. |
1,042,884
| |||
|
|
|
2,214,921
| |||
|
|
Professional
Services — 5.4%
|
| |||
|
8,483
|
Automatic
Data Processing, Inc. |
2,489,760
| |||
|
9,947
|
Broadridge
Financial Solutions,
Inc.
|
2,369,077
| |||
|
|
|
4,858,837
| |||
|
|
Retail
REITs — 4.0%
|
| |||
|
35,969
|
Regency
Centers Corp. |
2,622,140
| |||
|
5,426
|
Simon
Property Group, Inc. |
1,018,298
| |||
|
|
|
3,640,438
| |||
|
|
Software
— 2.3%
|
| |||
|
4,177
|
Roper
Technologies, Inc. |
2,083,028
| |||
|
|
Specialized
REITs — 1.1%
|
| |||
|
7,735
|
Lamar
Advertising Co., Class A |
946,919
| |||
|
|
Specialty
Retail — 3.3%
|
| |||
|
20,755
|
TJX
(The) Cos., Inc. |
2,999,928
| |||
|
|
Tobacco
— 1.2%
|
| |||
|
6,758
|
Philip
Morris International, Inc. |
1,096,148
| |||
See
Notes to Financial Statements
Page
37
First Trust Dorsey
Wright Momentum & Low Volatility ETF (DVOL)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS (Continued) | |||||
|
|
Trading
Companies & Distributors
— 1.4%
|
| |||
|
25,611
|
Fastenal
Co. |
$1,255,963
| |||
|
|
Total
Common Stocks |
90,258,135
| |||
|
|
(Cost
$84,719,788) |
| |||
|
MONEY
MARKET FUNDS — 0.1% | |||||
|
87,043
|
Dreyfus
Government Cash
Management
Fund,
Institutional
Shares -
4.04%
(b) |
87,043
| |||
|
|
(Cost
$87,043) |
| |||
|
| |||||
|
| |||||
|
|
Total
Investments — 100.0% |
90,345,178
| |||
|
|
(Cost
$84,806,831) |
| |||
|
|
Net
Other Assets and
Liabilities
— 0.0% |
20,769
| |||
|
|
Net
Assets — 100.0% |
$90,365,947
| |||
|
(a)
|
Non-income
producing security. |
|
(b)
|
Rate
shown reflects yield as of September 30, 2025. |
|
Abbreviations
throughout the Portfolio of Investments: | |
|
REITs
|
–
Real Estate Investment Trusts |
A
summary of the inputs used to value the Fund’s investments as of
September 30, 2025 is as follows (see Note 2A
- Portfolio Valuation in the Notes to Financial Statements):
|
|
Total
Value
at
9/30/2025
|
Level
1
Quoted
Prices
|
Level
2
Significant
Observable
Inputs
|
Level
3
Significant
Unobservable
Inputs
|
|
Common
Stocks* |
$ 90,258,135
|
$ 90,258,135
|
$ —
|
$ —
|
|
Money
Market Funds |
87,043
|
87,043
|
—
|
—
|
|
Total
Investments |
$90,345,178
|
$90,345,178
|
$—
|
$—
|
|
*
|
See
Portfolio of Investments for industry breakout. |
See
Notes to Financial Statements
Page
38
First Trust Dorsey
Wright Momentum & Value ETF (DVLU)
Portfolio of Investments
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS — 99.9% | |||||
|
|
Banks
— 11.8%
|
| |||
|
3,444
|
Cullen/Frost
Bankers, Inc. |
$436,596
| |||
|
5,213
|
East
West Bancorp, Inc. |
554,924
| |||
|
1,452
|
JPMorgan
Chase & Co. |
458,005
| |||
|
35,650
|
Old
National Bancorp |
782,518
| |||
|
7,422
|
Popular,
Inc. |
942,668
| |||
|
9,465
|
Wells
Fargo & Co. |
793,356
| |||
|
|
|
3,968,067
| |||
|
|
Building
Products — 1.0%
|
| |||
|
1,059
|
Carlisle
Cos., Inc. |
348,369
| |||
|
|
Capital
Markets — 5.8%
|
| |||
|
7,106
|
Bank
of New York Mellon (The)
Corp.
|
774,270
| |||
|
651
|
Goldman
Sachs Group (The),
Inc.
|
518,424
| |||
|
3,864
|
Raymond
James Financial, Inc. |
666,926
| |||
|
|
|
1,959,620
| |||
|
|
Construction
& Engineering —
4.2%
|
| |||
|
8,673
|
API
Group Corp. (a) |
298,091
| |||
|
1,004
|
EMCOR
Group, Inc. |
652,138
| |||
|
2,152
|
MasTec,
Inc. (a) |
457,967
| |||
|
|
|
1,408,196
| |||
|
|
Consumer
Finance — 5.0%
|
| |||
|
3,605
|
Capital
One Financial Corp. |
766,351
| |||
|
12,901
|
Synchrony
Financial |
916,616
| |||
|
|
|
1,682,967
| |||
|
|
Consumer
Staples Distribution &
Retail — 3.9%
|
| |||
|
7,757
|
Performance
Food Group Co. (a) |
807,038
| |||
|
6,419
|
US
Foods Holding Corp. (a) |
491,824
| |||
|
|
|
1,298,862
| |||
|
|
Diversified
Telecommunication Services
— 2.6%
|
| |||
|
30,996
|
AT&T,
Inc. |
875,327
| |||
|
|
Electric
Utilities — 4.7%
|
| |||
|
5,636
|
American
Electric Power Co.,
Inc.
|
634,050
| |||
|
4,911
|
Entergy
Corp. |
457,656
| |||
|
2,901
|
NRG
Energy, Inc. |
469,817
| |||
|
|
|
1,561,523
| |||
|
|
Electrical
Equipment — 1.1%
|
| |||
|
5,186
|
NEXTracker,
Inc., Class A (a) |
383,712
| |||
|
|
Electronic
Equipment,
Instruments
& Components —
0.8%
|
| |||
|
1,246
|
Jabil,
Inc. |
270,594
| |||
|
|
Financial
Services — 2.5%
|
| |||
|
16,752
|
Equitable
Holdings, Inc. |
850,667
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Health
Care Providers & Services
— 8.3%
|
| |||
|
3,184
|
Cardinal
Health, Inc. |
$499,761
| |||
|
1,292
|
Cencora,
Inc. |
403,789
| |||
|
1,136
|
McKesson
Corp. |
877,605
| |||
|
4,983
|
Tenet
Healthcare Corp. (a) |
1,011,748
| |||
|
|
|
2,792,903
| |||
|
|
Hotels,
Restaurants & Leisure —
0.7%
|
| |||
|
1,784
|
Brinker
International, Inc. (a) |
225,997
| |||
|
|
Insurance
— 25.6%
|
| |||
|
6,133
|
Aflac,
Inc. |
685,056
| |||
|
4,561
|
Allstate
(The) Corp. |
979,019
| |||
|
6,640
|
American
Financial Group, Inc. |
967,581
| |||
|
10,423
|
American
International Group,
Inc.
|
818,622
| |||
|
9,511
|
Axis
Capital Holdings Ltd. |
911,154
| |||
|
2,981
|
Chubb
Ltd. |
841,387
| |||
|
24,281
|
Old
Republic International Corp. |
1,031,214
| |||
|
1,786
|
Primerica,
Inc. |
495,776
| |||
|
3,336
|
Travelers
(The) Cos., Inc. |
931,478
| |||
|
11,961
|
Unum
Group |
930,326
| |||
|
|
|
8,591,613
| |||
|
|
Leisure
Products — 1.0%
|
| |||
|
4,592
|
Hasbro,
Inc. |
348,303
| |||
|
|
Oil,
Gas & Consumable Fuels —
2.9%
|
| |||
|
16,416
|
Antero
Midstream Corp. |
319,127
| |||
|
6,803
|
EQT
Corp. |
370,287
| |||
|
9,600
|
Kinder
Morgan, Inc. |
271,776
| |||
|
|
|
961,190
| |||
|
|
Professional
Services — 2.5%
|
| |||
|
4,403
|
Leidos
Holdings, Inc. |
831,991
| |||
|
|
Real
Estate Management & Development
— 1.2%
|
| |||
|
2,439
|
CBRE
Group, Inc., Class A (a) |
384,289
| |||
|
|
Technology
Hardware, Storage &
Peripherals — 12.2%
|
| |||
|
19,619
|
Sandisk
Corp. (a) |
2,201,252
| |||
|
2,172
|
Seagate
Technology
Holdings
PLC |
512,722
| |||
|
11,612
|
Western
Digital Corp. |
1,394,137
| |||
|
|
|
4,108,111
| |||
|
|
Textiles,
Apparel & Luxury Goods
— 2.1%
|
| |||
|
994
|
Ralph
Lauren Corp. |
311,679
| |||
|
3,497
|
Tapestry,
Inc. |
395,930
| |||
|
|
|
707,609
| |||
|
|
Total
Common Stocks |
33,559,910
| |||
|
|
(Cost
$27,770,816) |
| |||
See
Notes to Financial Statements
Page
39
First Trust Dorsey
Wright Momentum & Value ETF (DVLU)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
MONEY
MARKET FUNDS — 0.1% | |||||
|
41,265
|
Dreyfus
Government Cash
Management
Fund,
Institutional
Shares -
4.04%
(b) |
$41,265
| |||
|
|
(Cost
$41,265) |
| |||
|
| |||||
|
| |||||
|
|
Total
Investments — 100.0% |
33,601,175
| |||
|
|
(Cost
$27,812,081) |
| |||
|
|
Net
Other Assets and
Liabilities
— 0.0% |
4,235
| |||
|
|
Net
Assets — 100.0% |
$33,605,410
| |||
|
(a)
|
Non-income
producing security. |
|
(b)
|
Rate
shown reflects yield as of September 30, 2025. |
A
summary of the inputs used to value the Fund’s investments as of
September 30, 2025 is as follows (see Note 2A
- Portfolio Valuation in the Notes to Financial Statements):
|
|
Total
Value
at
9/30/2025
|
Level
1
Quoted
Prices
|
Level
2
Significant
Observable
Inputs
|
Level
3
Significant
Unobservable
Inputs
|
|
Common
Stocks* |
$ 33,559,910
|
$ 33,559,910
|
$ —
|
$ —
|
|
Money
Market Funds |
41,265
|
41,265
|
—
|
—
|
|
Total
Investments |
$33,601,175
|
$33,601,175
|
$—
|
$—
|
|
*
|
See
Portfolio of Investments for industry breakout. |
See
Notes to Financial Statements
Page
40
First Trust International
Developed Capital Strength®
ETF (FICS)
Portfolio of Investments
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS (a) — 99.5% | |||||
|
|
Banks
— 2.5%
|
| |||
|
35,999
|
Royal
Bank of Canada (CAD) |
$5,305,824
| |||
|
|
Beverages
— 3.5%
|
| |||
|
30,643
|
Carlsberg
A/S, Class B (DKK) |
3,560,691
| |||
|
83,761
|
Coca-Cola
HBC AG (GBP) |
3,947,260
| |||
|
|
|
7,507,951
| |||
|
|
Biotechnology
— 1.7%
|
| |||
|
27,392
|
CSL
Ltd. (AUD) |
3,592,429
| |||
|
|
Capital
Markets — 1.7%
|
| |||
|
13,551
|
Deutsche
Boerse AG (EUR) |
3,628,979
| |||
|
|
Chemicals
— 3.5%
|
| |||
|
906
|
Givaudan
S.A. (CHF) |
3,678,402
| |||
|
17,504
|
Sika
AG (CHF) |
3,894,176
| |||
|
|
|
7,572,578
| |||
|
|
Consumer
Staples Distribution &
Retail — 4.0%
|
| |||
|
81,243
|
Alimentation
Couche-Tard, Inc.
(CAD)
|
4,334,478
| |||
|
108,436
|
Loblaw
Cos., Ltd. (CAD) |
4,194,230
| |||
|
|
|
8,528,708
| |||
|
|
Electric
Utilities — 1.9%
|
| |||
|
55,097
|
Verbund
AG (EUR) |
4,004,114
| |||
|
|
Food
Products — 3.7%
|
| |||
|
282
|
Chocoladefabriken
Lindt &
Spruengli
AG (CHF) |
4,307,669
| |||
|
38,905
|
Nestle
S.A. (CHF) |
3,571,118
| |||
|
|
|
7,878,787
| |||
|
|
Hotels,
Restaurants & Leisure —
4.0%
|
| |||
|
54,053
|
Amadeus
IT Group S.A. (EUR) |
4,283,625
| |||
|
123,607
|
Compass
Group PLC (GBP) |
4,204,184
| |||
|
|
|
8,487,809
| |||
|
|
Household
Products — 2.3%
|
| |||
|
64,245
|
Reckitt
Benckiser Group PLC
(GBP)
|
4,940,527
| |||
|
|
Insurance
— 18.3%
|
| |||
|
10,562
|
Allianz
SE (EUR) |
4,431,886
| |||
|
110,420
|
Great-West
Lifeco, Inc. (CAD) |
4,481,225
| |||
|
13,322
|
Hannover
Rueck SE (EUR) |
4,013,414
| |||
|
6,130
|
Muenchener
Rueckversicherungs-
Gesellschaft
AG in Muenchen
(EUR)
|
3,910,821
| |||
|
307,521
|
QBE
Insurance Group Ltd.
(AUD)
|
4,189,787
| |||
|
416,035
|
Sampo
Oyj, Class A (EUR) |
4,776,038
| |||
|
4,370
|
Swiss
Life Holding AG (CHF) |
4,696,906
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Insurance
(Continued)
|
| |||
|
24,138
|
Swiss
Re AG (CHF) |
$4,458,882
| |||
|
6,114
|
Zurich
Insurance Group AG
(CHF)
|
4,351,727
| |||
|
|
|
39,310,686
| |||
|
|
IT
Services — 3.6%
|
| |||
|
39,741
|
CGI,
Inc. (CAD) |
3,539,768
| |||
|
122,700
|
Obic
Co., Ltd. (JPY) |
4,276,267
| |||
|
|
|
7,816,035
| |||
|
|
Machinery
— 11.2%
|
| |||
|
102,910
|
Alfa
Laval AB (SEK) |
4,682,895
| |||
|
269,558
|
Atlas
Copco AB, Class A (SEK) |
4,549,708
| |||
|
69,457
|
GEA
Group AG (EUR) |
5,125,180
| |||
|
71,136
|
Kone
Oyj, Class B (EUR) |
4,844,013
| |||
|
12,492
|
Schindler
Holding AG (CHF) |
4,726,575
| |||
|
|
|
23,928,371
| |||
|
|
Marine
Transportation — 1.6%
|
| |||
|
18,791
|
Kuehne
+
Nagel International
AG
(CHF) |
3,497,125
| |||
|
|
Media
— 1.9%
|
| |||
|
43,349
|
Publicis
Groupe S.A. (EUR) |
4,157,025
| |||
|
|
Metals
& Mining — 4.6%
|
| |||
|
179,725
|
BHP
Group Ltd. (AUD) |
5,057,836
| |||
|
71,724
|
Rio
Tinto PLC (GBP) |
4,714,559
| |||
|
|
|
9,772,395
| |||
|
|
Personal
Care Products — 4.0%
|
| |||
|
10,758
|
L’Oreal
S.A. (EUR) |
4,654,327
| |||
|
65,635
|
Unilever
PLC (GBP) |
3,883,989
| |||
|
|
|
8,538,316
| |||
|
|
Pharmaceuticals
— 8.8%
|
| |||
|
31,158
|
AstraZeneca
PLC (GBP) |
4,685,748
| |||
|
236,022
|
GSK
PLC (GBP) |
4,997,870
| |||
|
37,767
|
Novartis
AG (CHF) |
4,749,993
| |||
|
13,390
|
Roche
Holding AG (CHF) |
4,371,661
| |||
|
|
|
18,805,272
| |||
|
|
Professional
Services — 7.4%
|
| |||
|
137,950
|
Bureau
Veritas S.A. (EUR) |
4,314,632
| |||
|
44,510
|
SGS
S.A. (CHF) |
4,611,752
| |||
|
22,998
|
Thomson
Reuters Corp. (CAD) |
3,571,077
| |||
|
24,494
|
Wolters
Kluwer N.V. (EUR) |
3,340,156
| |||
|
|
|
15,837,617
| |||
|
|
Software
— 3.4%
|
| |||
|
1,237
|
Constellation
Software, Inc.
(CAD)
|
3,358,023
| |||
|
269,150
|
Sage
Group (The) PLC (GBP) |
3,981,777
| |||
|
|
|
7,339,800
| |||
See
Notes to Financial Statements
Page
41
First Trust International
Developed Capital Strength®
ETF (FICS)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS (a) (Continued) | |||||
|
|
Textiles,
Apparel & Luxury Goods
— 1.8%
|
| |||
|
1,615
|
Hermes
International S.C.A.
(EUR)
|
$3,949,569
| |||
|
|
Trading
Companies & Distributors
— 2.0%
|
| |||
|
137,869
|
Bunzl
PLC (GBP) |
4,349,952
| |||
|
|
Transportation
Infrastructure —
2.1%
|
| |||
|
168,704
|
Aena
SME S.A. (EUR) (b) (c) |
4,609,031
| |||
|
|
Total
Common Stocks |
213,358,900
| |||
|
|
(Cost
$197,894,720) |
| |||
|
WARRANTS
(a) — 0.0% | |||||
|
|
Software
— 0.0% |
| |||
|
753
|
Constellation
Software, Inc.,
expiring
3/31/2040
(CAD)
(d) (e) (f) (g) |
0
| |||
|
|
(Cost
$0) |
| |||
|
MONEY
MARKET FUNDS — 0.2% | |||||
|
381,832
|
Dreyfus
Government Cash
Management
Fund,
Institutional
Shares -
4.04%
(h) |
381,832
| |||
|
|
(Cost
$381,832) |
| |||
|
| |||||
|
| |||||
|
|
Total
Investments — 99.7% |
213,740,732
| |||
|
|
(Cost
$198,276,552) |
| |||
|
|
Net
Other Assets and
Liabilities
— 0.3% |
682,964
| |||
|
|
Net
Assets — 100.0% |
$214,423,696
| |||
|
(a)
|
Securities
are issued in U.S. dollars unless otherwise
indicated
in the security description. |
|
(b)
|
This
security is exempt from registration upon resale under
Rule
144A of the Securities Act of 1933, as amended (the
“1933
Act”) and may be resold in transactions exempt from
registration,
normally to qualified institutional buyers. This
security
is not restricted on the foreign exchange where it
trades
freely without any additional registration. |
|
(c)
|
This
security may be resold to qualified foreign investors and
foreign
institutional buyers under Regulation S of the 1933
Act.
|
|
(d)
|
Pursuant
to procedures adopted by the Trust’s Board of
Trustees,
this security has been determined to be illiquid by
First
Trust Advisors L.P., the Fund’s advisor. |
|
(e)
|
Non-income
producing security. |
|
(f)
|
This
security is fair valued by the Advisor’s Pricing
Committee
in accordance with procedures approved by the
Trust’s
Board of Trustees, and in accordance with provisions
of
the Investment Company Act of 1940 and rules
thereunder,
as amended. At September 30, 2025, securities
noted
as such are valued at $0 or 0.0% of net assets. |
|
(g)
|
This
security’s value was determined using significant
unobservable
inputs (see Note
2A
- Portfolio Valuation in the
Notes
to Financial Statements). |
|
(h)
|
Rate
shown reflects yield as of September 30, 2025. |
|
Currency
Exposure Diversification |
%
of Total
Investments
|
|
EUR
|
29.9%
|
|
CHF
|
23.8
|
|
GBP
|
18.6
|
|
CAD
|
13.5
|
|
AUD
|
6.0
|
|
SEK
|
4.3
|
|
JPY
|
2.0
|
|
DKK
|
1.7
|
|
USD
|
0.2
|
|
Total
|
100.0%
|
See
Notes to Financial Statements
Page
42
First Trust International
Developed Capital Strength®
ETF (FICS)
Portfolio of Investments (Continued)
September 30, 2025
|
Country
Allocation†
|
%
of Net
Assets
|
|
Switzerland
|
25.6%
|
|
United
Kingdom |
16.7
|
|
Canada
|
13.4
|
|
Germany
|
9.8
|
|
France
|
8.0
|
|
Australia
|
6.0
|
|
Finland
|
4.5
|
|
Sweden
|
4.3
|
|
Spain
|
4.1
|
|
Japan
|
2.0
|
|
Austria
|
1.9
|
|
Denmark
|
1.7
|
|
Netherlands
|
1.5
|
|
United
States |
0.2
|
|
Total
Investments |
99.7
|
|
Net
Other Assets and Liabilities |
0.3
|
|
Total
|
100.0%
|
|
†
|
Portfolio
securities are categorized based upon their country of
incorporation,
which can be different from the country
categorization
of the Fund’s underlying index. |
A
summary of the inputs used to value the Fund’s investments as of
September 30, 2025 is as follows (see Note 2A
- Portfolio Valuation in the Notes to Financial Statements):
|
|
Total
Value
at
9/30/2025
|
Level
1
Quoted
Prices
|
Level
2
Significant
Observable
Inputs
|
Level
3
Significant
Unobservable
Inputs
|
|
Common
Stocks* |
$ 213,358,900
|
$ 213,358,900
|
$ —
|
$ —
|
|
Warrants*
|
—**
|
—
|
—
|
—**
|
|
Money
Market
Funds
|
381,832
|
381,832
|
—
|
—
|
|
Total
Investments |
$213,740,732
|
$213,740,732
|
$—
|
$—**
|
|
*
|
See
Portfolio of Investments for industry breakout. |
|
**
|
Investment
is valued at $0. |
Level 3 investments are fair
valued by the Advisor’s Pricing Committee and
are footnoted in the Portfolio of Investments. All Level
3 values are based on unobservable inputs.
See
Notes to Financial Statements
Page
43
First Trust S&P
500 Economic Moat ETF (EMOT)
Portfolio of Investments
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS — 99.9% | |||||
|
|
Aerospace
& Defense — 2.0%
|
| |||
|
197
|
Lockheed
Martin Corp. |
$98,344
| |||
|
|
Beverages
— 3.8%
|
| |||
|
1,247
|
Coca-Cola
(The) Co. |
82,701
| |||
|
692
|
PepsiCo,
Inc. |
97,185
| |||
|
|
|
179,886
| |||
|
|
Broadline
Retail — 1.9%
|
| |||
|
422
|
Amazon.com,
Inc. (a) |
92,659
| |||
|
|
Commercial
Services & Supplies
— 1.7%
|
| |||
|
1,780
|
Copart,
Inc. (a) |
80,047
| |||
|
|
Communications
Equipment —
2.0%
|
| |||
|
1,400
|
Cisco
Systems, Inc. |
95,788
| |||
|
|
Consumer
Staples Distribution &
Retail — 2.0%
|
| |||
|
938
|
Walmart,
Inc. |
96,670
| |||
|
|
Diversified
Telecommunication Services
— 1.9%
|
| |||
|
2,055
|
Verizon
Communications, Inc. |
90,317
| |||
|
|
Electronic
Equipment,
Instruments
& Components —
2.3%
|
| |||
|
504
|
Jabil,
Inc. |
109,454
| |||
|
|
Financial
Services — 1.8%
|
| |||
|
152
|
Mastercard,
Inc., Class A |
86,459
| |||
|
|
Health
Care Equipment & Supplies
— 2.3%
|
| |||
|
171
|
IDEXX
Laboratories, Inc. (a) |
109,250
| |||
|
|
Health
Care Providers & Services
— 2.0%
|
| |||
|
125
|
McKesson
Corp. |
96,567
| |||
|
|
Hotels,
Restaurants & Leisure —
5.5%
|
| |||
|
298
|
McDonald’s
Corp. |
90,559
| |||
|
942
|
Starbucks
Corp. |
79,693
| |||
|
627
|
Yum!
Brands, Inc. |
95,304
| |||
|
|
|
265,556
| |||
|
|
Household
Products — 5.2%
|
| |||
|
976
|
Colgate-Palmolive
Co. |
78,022
| |||
|
677
|
Kimberly-Clark
Corp. |
84,178
| |||
|
554
|
Procter
& Gamble (The) Co. |
85,122
| |||
|
|
|
247,322
| |||
|
|
Insurance
— 1.8%
|
| |||
|
341
|
Progressive
(The) Corp. |
84,210
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Interactive
Media & Services —
4.5%
|
| |||
|
503
|
Alphabet,
Inc., Class C |
$122,506
| |||
|
129
|
Meta
Platforms, Inc., Class A |
94,735
| |||
|
|
|
217,241
| |||
|
|
IT
Services — 3.3%
|
| |||
|
282
|
Accenture
PLC, Class A |
69,541
| |||
|
321
|
VeriSign,
Inc. |
89,742
| |||
|
|
|
159,283
| |||
|
|
Life
Sciences Tools & Services —
1.9%
|
| |||
|
75
|
Mettler-Toledo
International,
Inc.
(a) |
92,071
| |||
|
|
Oil,
Gas & Consumable Fuels —
1.6%
|
| |||
|
82
|
Texas
Pacific Land Corp. |
76,558
| |||
|
|
Pharmaceuticals
— 3.4%
|
| |||
|
111
|
Eli
Lilly & Co. |
84,693
| |||
|
540
|
Zoetis,
Inc. |
79,013
| |||
|
|
|
163,706
| |||
|
|
Professional
Services — 3.3%
|
| |||
|
288
|
Automatic
Data Processing, Inc. |
84,528
| |||
|
583
|
Paychex,
Inc. |
73,901
| |||
|
|
|
158,429
| |||
|
|
Semiconductors
&
Semiconductor
Equipment —
15.9%
|
| |||
|
520
|
Applied
Materials, Inc. |
106,465
| |||
|
355
|
Broadcom,
Inc. |
117,118
| |||
|
103
|
KLA
Corp. |
111,096
| |||
|
988
|
Lam
Research Corp. |
132,293
| |||
|
629
|
NVIDIA
Corp. |
117,359
| |||
|
564
|
QUALCOMM,
Inc. |
93,827
| |||
|
450
|
Texas
Instruments, Inc. |
82,678
| |||
|
|
|
760,836
| |||
|
|
Software
— 8.2%
|
| |||
|
218
|
Adobe,
Inc. (a) |
76,900
| |||
|
881
|
Fortinet,
Inc. (a) |
74,074
| |||
|
190
|
Microsoft
Corp. |
98,411
| |||
|
510
|
Oracle
Corp. |
143,432
| |||
|
|
|
392,817
| |||
|
|
Specialty
Retail — 8.7%
|
| |||
|
25
|
AutoZone,
Inc. (a) |
107,256
| |||
|
249
|
Home
Depot (The), Inc. |
100,892
| |||
|
406
|
Lowe’s
Cos., Inc. |
102,032
| |||
|
999
|
O’Reilly
Automotive, Inc. (a) |
107,702
| |||
|
|
|
417,882
| |||
See
Notes to Financial Statements
Page
44
First Trust S&P
500 Economic Moat ETF (EMOT)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS (Continued) | |||||
|
|
Technology
Hardware, Storage &
Peripherals — 4.5%
|
| |||
|
452
|
Apple,
Inc. |
$115,093
| |||
|
3,621
|
HP,
Inc. |
98,600
| |||
|
|
|
213,693
| |||
|
|
Textiles,
Apparel & Luxury Goods
— 4.7%
|
| |||
|
1,424
|
NIKE,
Inc., Class B |
99,295
| |||
|
1,099
|
Tapestry,
Inc. |
124,429
| |||
|
|
|
223,724
| |||
|
|
Tobacco
— 3.7%
|
| |||
|
1,500
|
Altria
Group, Inc. |
99,090
| |||
|
490
|
Philip
Morris International, Inc. |
79,478
| |||
|
|
|
178,568
| |||
|
| |||||
|
| |||||
|
|
Total
Investments — 99.9% |
4,787,337
| |||
|
|
(Cost
$4,379,288) |
| |||
|
|
Net
Other Assets and
Liabilities
— 0.1% |
4,930
| |||
|
|
Net
Assets — 100.0% |
$4,792,267
| |||
|
(a)
|
Non-income
producing security. |
Valuation Inputs
A summary
of the inputs used to value the Fund’s investments as of
September 30, 2025 is as follows (see Note 2A
- Portfolio Valuation in the Notes to Financial Statements):
|
|
Total
Value
at
9/30/2025
|
Level
1
Quoted
Prices
|
Level
2
Significant
Observable
Inputs
|
Level
3
Significant
Unobservable
Inputs
|
|
Common
Stocks* |
$ 4,787,337
|
$ 4,787,337
|
$ —
|
$ —
|
|
*
|
See
Portfolio of Investments for industry breakout. |
See
Notes to Financial Statements
Page
45
First Trust Exchange-Traded
Fund VI
September 30, 2025
Statements of Assets and Liabilities
|
|
First Trust
NASDAQ
Technology
Dividend Index
Fund
(TDIV)
|
Multi-Asset
Diversified
Income Index
Fund
(MDIV)
|
First Trust S&P
International
Dividend
Aristocrats ETF
(FID)
|
|
ASSETS:
|
|
|
|
|
Investments,
at value - Unaffiliated |
$3,752,166,153
|
$342,698,553
|
$119,844,048
|
|
Investments,
at value - Affiliated |
—
|
87,014,275
|
—
|
|
Total
investments, at value |
3,752,166,153
|
429,712,828
|
119,844,048
|
|
Cash
|
9,098
|
—
|
—
|
|
Foreign
currency, at value |
—
|
—
|
39,676
|
|
Receivables:
|
|
|
|
|
Capital
shares sold |
9,856,928
|
—
|
—
|
|
Dividends
|
4,784,604
|
985,321
|
492,447
|
|
Reclaims
|
502,062
|
—
|
468,183
|
|
Investment
securities sold |
—
|
—
|
3,987,126
|
|
Securities
lending income |
—
|
—
|
—
|
|
Total
Assets |
3,767,318,845
|
430,698,149
|
124,831,480
|
|
| |||
|
LIABILITIES:
|
|
|
|
|
Due
to custodian |
—
|
—
|
370,452
|
|
Payables:
|
|
|
|
|
Investment
securities purchased |
9,840,343
|
—
|
3,578,272
|
|
Investment
advisory fees |
1,496,061
|
170,300
|
59,137
|
|
Capital
shares redeemed |
—
|
—
|
—
|
|
Deferred
foreign capital gains tax |
—
|
—
|
—
|
|
Collateral
for securities on loan |
—
|
—
|
—
|
|
Other
liabilities |
—
|
—
|
—
|
|
Total
Liabilities |
11,336,404
|
170,300
|
4,007,861
|
|
NET
ASSETS |
$3,755,982,441
|
$430,527,849
|
$120,823,619
|
|
| |||
|
NET
ASSETS consist of: |
|
|
|
|
Paid-in
capital |
$2,900,574,433
|
$662,416,790
|
$112,686,335
|
|
Par
value |
381,050
|
268,500
|
61,500
|
|
Accumulated
distributable earnings (loss) |
855,026,958
|
(232,157,441
) |
8,075,784
|
|
NET
ASSETS |
$3,755,982,441
|
$430,527,849
|
$120,823,619
|
|
NET
ASSET VALUE, per share
|
$98.57
|
$16.03
|
$19.65
|
|
Number
of shares outstanding (unlimited number of shares authorized,
par
value $0.01 per share) |
38,105,000
|
26,850,002
|
6,150,002
|
|
Investments,
at cost - Unaffiliated |
$2,583,125,366
|
$324,241,727
|
$102,983,165
|
|
Investments,
at cost - Affiliated |
$—
|
$95,814,739
|
$—
|
|
Total
investments, at cost |
$2,583,125,366
|
$420,056,466
|
$102,983,165
|
|
Foreign
currency, at cost (proceeds) |
$—
|
$—
|
$39,662
|
|
Securities
on loan, at value |
$—
|
$—
|
$—
|
See
Notes to Financial Statements
Page
46
|
First Trust Rising
Dividend
Achievers ETF
(RDVY)
|
First Trust Dorsey
Wright Focus 5
ETF
(FV)
|
First Trust Dorsey
Wright
Momentum &
Dividend ETF
(DDIV)
|
First Trust RBA
American
Industrial
Renaissance®
ETF
(AIRR)
|
First Trust Dorsey
Wright
International
Focus 5 ETF
(IFV)
|
First Trust Dorsey
Wright Dynamic
Focus 5 ETF
(FVC)
|
|
|
|
|
|
|
|
|
$17,247,760,000
|
$6,639,039
|
$66,286,828
|
$5,604,972,965
|
$285,670
|
$80,532
|
|
—
|
3,703,224,279
|
—
|
—
|
174,920,396
|
111,578,927
|
|
17,247,760,000
|
3,709,863,318
|
66,286,828
|
5,604,972,965
|
175,206,066
|
111,659,459
|
|
556
|
—
|
—
|
—
|
—
|
289
|
|
—
|
—
|
—
|
—
|
—
|
—
|
|
|
|
|
|
|
|
|
—
|
—
|
—
|
—
|
—
|
—
|
|
8,540,722
|
3,630
|
49,991
|
1,260,273
|
256
|
207,152
|
|
—
|
—
|
—
|
—
|
—
|
—
|
|
—
|
—
|
—
|
9,661,094
|
—
|
—
|
|
—
|
—
|
—
|
5,991
|
—
|
—
|
|
17,256,301,278
|
3,709,866,948
|
66,336,819
|
5,615,900,323
|
175,206,322
|
111,866,900
|
|
| |||||
|
|
|
|
|
|
|
|
—
|
—
|
—
|
—
|
—
|
—
|
|
|
|
|
|
|
|
|
—
|
—
|
—
|
—
|
—
|
—
|
|
6,481,215
|
907,660
|
32,424
|
3,027,813
|
42,547
|
27,802
|
|
—
|
—
|
—
|
9,669,888
|
—
|
—
|
|
—
|
—
|
—
|
—
|
—
|
—
|
|
—
|
—
|
—
|
18,841,927
|
—
|
—
|
|
—
|
—
|
—
|
—
|
—
|
—
|
|
6,481,215
|
907,660
|
32,424
|
31,539,628
|
42,547
|
27,802
|
|
$17,249,820,063
|
$3,708,959,288
|
$66,304,395
|
$5,584,360,695
|
$175,163,775
|
$111,839,098
|
|
| |||||
|
|
|
|
|
|
|
|
$15,735,632,011
|
$3,446,871,675
|
$86,801,073
|
$4,908,075,946
|
$302,013,038
|
$193,419,979
|
|
2,564,500
|
599,000
|
16,500
|
577,500
|
71,500
|
31,000
|
|
1,511,623,552
|
261,488,613
|
(20,513,178
) |
675,707,249
|
(126,920,763
) |
(81,611,881
) |
|
$17,249,820,063
|
$3,708,959,288
|
$66,304,395
|
$5,584,360,695
|
$175,163,775
|
$111,839,098
|
|
$67.26
|
$61.92
|
$40.18
|
$96.70
|
$24.50
|
$36.08
|
|
256,450,002
|
59,900,002
|
1,650,002
|
57,750,002
|
7,150,002
|
3,100,002
|
|
$14,489,350,162
|
$6,639,039
|
$60,290,790
|
$4,641,403,830
|
$285,670
|
$80,532
|
|
$—
|
$2,918,133,002
|
$—
|
$—
|
$146,460,696
|
$106,019,999
|
|
$14,489,350,162
|
$2,924,772,041
|
$60,290,790
|
$4,641,403,830
|
$146,746,366
|
$106,100,531
|
|
$—
|
$—
|
$—
|
$—
|
$—
|
$—
|
|
$—
|
$—
|
$—
|
$18,803,205
|
$—
|
$—
|
See
Notes to Financial Statements
Page
47
First Trust Exchange-Traded
Fund VI
September 30, 2025
Statements of Assets and Liabilities (Continued)
|
|
First Trust
SMID Cap
Rising Dividend
Achievers ETF
(SDVY)
|
First Trust
Indxx
Innovative
Transaction &
Process ETF
(LEGR)
|
First Trust
Nasdaq
Artificial
Intelligence and
Robotics ETF
(ROBT)
|
|
ASSETS:
|
|
|
|
|
Investments,
at value - Unaffiliated |
$8,958,472,628
|
$117,397,226
|
$663,286,258
|
|
Investments,
at value - Affiliated |
—
|
—
|
—
|
|
Total
investments, at value |
8,958,472,628
|
117,397,226
|
663,286,258
|
|
Cash
|
13,463
|
—
|
—
|
|
Foreign
currency, at value |
—
|
30,367
|
43,605
|
|
Receivables:
|
|
|
|
|
Capital
shares sold |
13,301,475
|
—
|
1,369
|
|
Dividends
|
5,302,775
|
75,708
|
513,887
|
|
Reclaims
|
—
|
320,159
|
179,061
|
|
Investment
securities sold |
—
|
—
|
11,089
|
|
Securities
lending income |
—
|
5,313
|
72,582
|
|
Total
Assets |
8,977,090,341
|
117,828,773
|
664,107,851
|
|
| |||
|
LIABILITIES:
|
|
|
|
|
Due
to custodian |
—
|
—
|
—
|
|
Payables:
|
|
|
|
|
Investment
securities purchased |
13,297,541
|
—
|
42,789
|
|
Investment
advisory fees |
4,299,470
|
60,996
|
311,871
|
|
Capital
shares redeemed |
—
|
—
|
—
|
|
Deferred
foreign capital gains tax |
—
|
8,434
|
—
|
|
Collateral
for securities on loan |
—
|
2,562,407
|
53,832,870
|
|
Other
liabilities |
—
|
—
|
25,200
|
|
Total
Liabilities |
17,597,011
|
2,631,837
|
54,212,730
|
|
NET
ASSETS |
$8,959,493,330
|
$115,196,936
|
$609,895,121
|
|
| |||
|
NET
ASSETS consist of: |
|
|
|
|
Paid-in
capital |
$8,570,246,375
|
$101,026,996
|
$625,425,519
|
|
Par
value |
2,357,500
|
20,500
|
115,500
|
|
Accumulated
distributable earnings (loss) |
386,889,455
|
14,149,440
|
(15,645,898
) |
|
NET
ASSETS |
$8,959,493,330
|
$115,196,936
|
$609,895,121
|
|
NET
ASSET VALUE, per share
|
$38.00
|
$56.19
|
$52.80
|
|
Number
of shares outstanding (unlimited number of shares authorized,
par
value $0.01 per share) |
235,750,002
|
2,050,002
|
11,550,002
|
|
Investments,
at cost - Unaffiliated |
$7,829,130,064
|
$96,788,305
|
$575,868,157
|
|
Investments,
at cost - Affiliated |
$—
|
$—
|
$—
|
|
Total
investments, at cost |
$7,829,130,064
|
$96,788,305
|
$575,868,157
|
|
Foreign
currency, at cost (proceeds) |
$—
|
$30,459
|
$43,604
|
|
Securities
on loan, at value |
$—
|
$2,461,304
|
$52,101,316
|
See
Notes to Financial Statements
Page
48
|
First Trust
Dorsey Wright
Momentum &
Low Volatility
ETF
(DVOL)
|
First Trust
Dorsey Wright
Momentum &
Value ETF
(DVLU)
|
First Trust
International
Developed
Capital
Strength®
ETF
(FICS)
|
First Trust S&P
500 Economic
Moat ETF
(EMOT)
|
|
|
|
|
|
|
$90,345,178
|
$33,601,175
|
$213,740,732
|
$4,787,337
|
|
—
|
—
|
—
|
—
|
|
90,345,178
|
33,601,175
|
213,740,732
|
4,787,337
|
|
—
|
—
|
680
|
1,767
|
|
—
|
—
|
42,548
|
—
|
|
|
|
|
|
|
—
|
—
|
1,881,647
|
—
|
|
60,904
|
20,209
|
138,426
|
5,506
|
|
—
|
—
|
611,793
|
—
|
|
—
|
—
|
—
|
—
|
|
—
|
—
|
—
|
—
|
|
90,406,082
|
33,621,384
|
216,415,826
|
4,794,610
|
|
| |||
|
|
|
|
|
|
—
|
—
|
—
|
—
|
|
|
|
|
|
|
—
|
—
|
1,864,642
|
—
|
|
40,135
|
15,974
|
127,488
|
2,343
|
|
—
|
—
|
—
|
—
|
|
—
|
—
|
—
|
—
|
|
—
|
—
|
—
|
—
|
|
—
|
—
|
—
|
—
|
|
40,135
|
15,974
|
1,992,130
|
2,343
|
|
$90,365,947
|
$33,605,410
|
$214,423,696
|
$4,792,267
|
|
| |||
|
|
|
|
|
|
$106,455,175
|
$42,583,324
|
$205,020,499
|
$4,451,040
|
|
25,500
|
10,000
|
56,500
|
2,000
|
|
(16,114,728
) |
(8,987,914
) |
9,346,697
|
339,227
|
|
$90,365,947
|
$33,605,410
|
$214,423,696
|
$4,792,267
|
|
$35.44
|
$33.61
|
$37.95
|
$23.96
|
|
2,550,002
|
1,000,002
|
5,650,002
|
200,002
|
|
$84,806,831
|
$27,812,081
|
$198,276,552
|
$4,379,288
|
|
$—
|
$—
|
$—
|
$—
|
|
$84,806,831
|
$27,812,081
|
$198,276,552
|
$4,379,288
|
|
$—
|
$—
|
$42,668
|
$—
|
|
$—
|
$—
|
$—
|
$—
|
See
Notes to Financial Statements
Page
49
First Trust Exchange-Traded
Fund VI
For the Year Ended September 30, 2025
Statements of Operations
|
|
First Trust
NASDAQ
Technology
Dividend Index
Fund
(TDIV)
|
Multi-Asset
Diversified
Income Index
Fund
(MDIV)
|
First Trust S&P
International
Dividend
Aristocrats ETF
(FID)
|
|
INVESTMENT
INCOME: |
|
|
|
|
Dividends
- Unaffiliated |
$66,519,989
|
$17,318,505
|
$4,927,948
|
|
Dividends
- Affiliated |
—
|
5,663,844
|
—
|
|
Securities
lending income (net of fees) |
—
|
—
|
—
|
|
Foreign
withholding tax |
(2,653,847
) |
(10,833
) |
(534,589
) |
|
Total
investment income |
63,866,142
|
22,971,516
|
4,393,359
|
|
| |||
|
EXPENSES:
|
|
|
|
|
Investment
advisory fees |
15,093,192
|
2,667,520
|
559,837
|
|
Other
expenses |
230,909
|
33,542
|
7,790
|
|
Total
expenses |
15,324,101
|
2,701,062
|
567,627
|
|
Less
fees waived by the investment advisor |
—
|
(538,853
) |
—
|
|
Net
expenses |
15,324,101
|
2,162,209
|
567,627
|
|
NET
INVESTMENT INCOME (LOSS) |
48,542,041
|
20,809,307
|
3,825,732
|
|
| |||
|
NET
REALIZED AND UNREALIZED GAIN (LOSS): |
|
|
|
|
Net
realized gain (loss) on: |
|
|
|
|
Investments
- Unaffiliated |
(34,037,488
) |
10,843,433
|
3,307,757
|
|
Investments
- Affiliated |
—
|
(1,446,156
) |
—
|
|
In-kind
redemptions - Unaffiliated |
281,321,092
|
7,016,754
|
—
|
|
In-kind
redemptions - Affiliated |
—
|
168,997
|
—
|
|
Distribution
of capital gains from investment companies |
—
|
—
|
—
|
|
Foreign
currency transactions |
(381
) |
—
|
(9,754
) |
|
Foreign
capital gains tax |
—
|
—
|
—
|
|
Net
realized gain (loss) |
247,283,223
|
16,583,028
|
3,298,003
|
|
Net
change in unrealized appreciation (depreciation) on: |
|
|
|
|
Investments
- Unaffiliated |
429,686,760
|
(25,937,140
) |
8,334,636
|
|
Investments
- Affiliated |
—
|
1,452,376
|
—
|
|
Foreign
currency translation |
(11,297
) |
—
|
23,666
|
|
Deferred
foreign capital gains tax |
—
|
—
|
—
|
|
Net
change in unrealized appreciation (depreciation) |
429,675,463
|
(24,484,764
) |
8,358,302
|
|
NET
REALIZED AND UNREALIZED GAIN (LOSS) |
676,958,686
|
(7,901,736
) |
11,656,305
|
|
NET
INCREASE (DECREASE) IN NET ASSETS RESULTING
FROM
OPERATIONS |
$725,500,727
|
$12,907,571
|
$15,482,037
|
See
Notes to Financial Statements
Page
50
|
First Trust Rising
Dividend
Achievers ETF
(RDVY)
|
First Trust Dorsey
Wright Focus 5
ETF
(FV)
|
First Trust Dorsey
Wright
Momentum &
Dividend ETF
(DDIV)
|
First Trust RBA
American
Industrial
Renaissance®
ETF
(AIRR)
|
First Trust Dorsey
Wright
International
Focus 5 ETF
(IFV)
|
First Trust Dorsey
Wright Dynamic
Focus 5 ETF
(FVC)
|
|
|
|
|
|
|
|
|
$261,262,341
|
$77,297
|
$1,818,462
|
$33,435,253
|
$5,965
|
$4,315
|
|
—
|
30,027,465
|
—
|
—
|
4,226,251
|
2,883,427
|
|
—
|
—
|
—
|
25,050
|
—
|
—
|
|
—
|
—
|
(7,007
) |
—
|
—
|
—
|
|
261,262,341
|
30,104,762
|
1,811,455
|
33,460,303
|
4,232,216
|
2,887,742
|
|
| |||||
|
|
|
|
|
|
|
|
66,291,356
|
11,098,683
|
416,432
|
24,193,932
|
441,835
|
396,634
|
|
1,082,578
|
268,204
|
4,885
|
282,579
|
9,037
|
9,602
|
|
67,373,934
|
11,366,887
|
421,317
|
24,476,511
|
450,872
|
406,236
|
|
—
|
—
|
—
|
—
|
—
|
—
|
|
67,373,934
|
11,366,887
|
421,317
|
24,476,511
|
450,872
|
406,236
|
|
193,888,407
|
18,737,875
|
1,390,138
|
8,983,792
|
3,781,344
|
2,481,506
|
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(435,584,748
) |
—
|
878,978
|
(192,678,432
) |
—
|
—
|
|
—
|
192,916,783
|
—
|
—
|
8,613,560
|
5,634,107
|
|
1,574,538,266
|
—
|
5,046,272
|
384,797,902
|
—
|
—
|
|
—
|
206,403,076
|
—
|
—
|
11,046,302
|
7,832,555
|
|
—
|
—
|
—
|
—
|
145,159
|
—
|
|
—
|
—
|
—
|
—
|
—
|
—
|
|
—
|
—
|
—
|
—
|
—
|
—
|
|
1,138,953,518
|
399,319,859
|
5,925,250
|
192,119,470
|
19,805,021
|
13,466,662
|
|
|
|
|
|
|
|
|
781,956,323
|
—
|
(1,189,335
) |
759,101,784
|
—
|
—
|
|
—
|
(191,238,072
) |
—
|
—
|
(5,884,461
) |
(13,083,000
) |
|
—
|
—
|
—
|
—
|
—
|
—
|
|
—
|
—
|
—
|
—
|
—
|
—
|
|
781,956,323
|
(191,238,072
) |
(1,189,335
) |
759,101,784
|
(5,884,461
) |
(13,083,000
) |
|
1,920,909,841
|
208,081,787
|
4,735,915
|
951,221,254
|
13,920,560
|
383,662
|
|
$2,114,798,248
|
$226,819,662
|
$6,126,053
|
$960,205,046
|
$17,701,904
|
$2,865,168
|
See
Notes to Financial Statements
Page
51
First Trust Exchange-Traded
Fund VI
For the Year Ended September 30, 2025
Statements of Operations (Continued)
|
|
First Trust
SMID Cap
Rising Dividend
Achievers ETF
(SDVY)
|
First Trust
Indxx
Innovative
Transaction &
Process ETF
(LEGR)
|
First Trust
Nasdaq
Artificial
Intelligence and
Robotics ETF
(ROBT)
|
|
INVESTMENT
INCOME: |
|
|
|
|
Dividends
- Unaffiliated |
$169,539,010
|
$2,902,732
|
$3,403,473
|
|
Dividends
- Affiliated |
—
|
—
|
—
|
|
Securities
lending income (net of fees) |
—
|
19,687
|
1,589,543
|
|
Foreign
withholding tax |
(766,584
) |
(235,777
) |
(272,985
) |
|
Total
investment income |
168,772,426
|
2,686,642
|
4,720,031
|
|
| |||
|
EXPENSES:
|
|
|
|
|
Investment
advisory fees |
46,034,429
|
639,424
|
3,091,833
|
|
Other
expenses |
601,424
|
7,509
|
35,169
|
|
Total
expenses |
46,635,853
|
646,933
|
3,127,002
|
|
Less
fees waived by the investment advisor |
—
|
—
|
—
|
|
Net
expenses |
46,635,853
|
646,933
|
3,127,002
|
|
NET
INVESTMENT INCOME (LOSS) |
122,136,573
|
2,039,709
|
1,593,029
|
|
| |||
|
NET
REALIZED AND UNREALIZED GAIN (LOSS): |
|
|
|
|
Net
realized gain (loss) on: |
|
|
|
|
Investments
- Unaffiliated |
(600,222,904
) |
(139,040
) |
(3,137,096
) |
|
Investments
- Affiliated |
—
|
—
|
—
|
|
In-kind
redemptions - Unaffiliated |
450,370,318
|
8,091,141
|
7,742,441
|
|
In-kind
redemptions - Affiliated |
—
|
—
|
—
|
|
Distribution
of capital gains from investment companies |
—
|
—
|
—
|
|
Foreign
currency transactions |
—
|
(12,433
) |
(12,440
) |
|
Foreign
capital gains tax |
—
|
(10,467
) |
—
|
|
Net
realized gain (loss) |
(149,852,586
) |
7,929,201
|
4,592,905
|
|
Net
change in unrealized appreciation (depreciation) on: |
|
|
|
|
Investments
- Unaffiliated |
421,611,858
|
9,121,403
|
89,695,405
|
|
Investments
- Affiliated |
—
|
—
|
—
|
|
Foreign
currency translation |
—
|
14,847
|
13,582
|
|
Deferred
foreign capital gains tax |
—
|
72,919
|
—
|
|
Net
change in unrealized appreciation (depreciation) |
421,611,858
|
9,209,169
|
89,708,987
|
|
NET
REALIZED AND UNREALIZED GAIN (LOSS) |
271,759,272
|
17,138,370
|
94,301,892
|
|
NET
INCREASE (DECREASE) IN NET ASSETS RESULTING
FROM
OPERATIONS |
$393,895,845
|
$19,178,079
|
$95,894,921
|
See
Notes to Financial Statements
Page
52
|
First Trust
Dorsey Wright
Momentum &
Low Volatility
ETF
(DVOL)
|
First Trust
Dorsey Wright
Momentum &
Value ETF
(DVLU)
|
First Trust
International
Developed
Capital
Strength®
ETF
(FICS)
|
First Trust S&P
500 Economic
Moat ETF
(EMOT)
|
|
|
|
|
|
|
$982,678
|
$461,148
|
$5,973,419
|
$58,405
|
|
—
|
—
|
—
|
—
|
|
—
|
—
|
—
|
—
|
|
—
|
(3,357
) |
(630,386
) |
—
|
|
982,678
|
457,791
|
5,343,033
|
58,405
|
|
| |||
|
|
|
|
|
|
382,115
|
180,805
|
1,326,634
|
24,604
|
|
5,710
|
2,162
|
16,447
|
333
|
|
387,825
|
182,967
|
1,343,081
|
24,937
|
|
—
|
—
|
—
|
—
|
|
387,825
|
182,967
|
1,343,081
|
24,937
|
|
594,853
|
274,824
|
3,999,952
|
33,468
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
5,180,495
|
(1,656,055
) |
2,479,650
|
(79,303
) |
|
—
|
—
|
—
|
—
|
|
1,102,572
|
2,267,077
|
8,662,111
|
349,584
|
|
—
|
—
|
—
|
—
|
|
—
|
—
|
—
|
—
|
|
—
|
—
|
(36,603
) |
—
|
|
—
|
—
|
—
|
—
|
|
6,283,067
|
611,022
|
11,105,158
|
270,281
|
|
|
|
|
|
|
(2,212,180
) |
2,196,543
|
(7,052,018
) |
293,439
|
|
—
|
—
|
—
|
—
|
|
—
|
—
|
26,664
|
—
|
|
—
|
—
|
—
|
—
|
|
(2,212,180
) |
2,196,543
|
(7,025,354
) |
293,439
|
|
4,070,887
|
2,807,565
|
4,079,804
|
563,720
|
|
$4,665,740
|
$3,082,389
|
$8,079,756
|
$597,188
|
See
Notes to Financial Statements
Page
53
First Trust Exchange-Traded
Fund VI
Statements of Changes in Net Assets
|
|
First Trust NASDAQ
Technology
Dividend Index Fund
(TDIV) |
Multi-Asset Diversified
Income
Index Fund (MDIV)
| ||
|
|
Year
Ended
9/30/2025
|
Year
Ended
9/30/2024
|
Year
Ended
9/30/2025
|
Year
Ended
9/30/2024
|
|
OPERATIONS:
|
|
|
|
|
|
Net
investment income (loss) |
$48,542,041
|
$43,982,518
|
$20,809,307
|
$21,370,028
|
|
Net
realized gain (loss) |
247,283,223
|
316,892,106
|
16,583,028
|
19,258,015
|
|
Net
change in unrealized appreciation (depreciation) |
429,675,463
|
523,570,526
|
(24,484,764
) |
41,219,592
|
|
Net
increase (decrease) in net assets resulting from
operations
|
725,500,727
|
884,445,150
|
12,907,571
|
81,847,635
|
|
| ||||
|
DISTRIBUTIONS
TO SHAREHOLDERS FROM: |
|
|
|
|
|
Investment
operations |
(48,073,023
) |
(44,002,035
) |
(28,075,432
) |
(28,022,932
) |
|
| ||||
|
SHAREHOLDER
TRANSACTIONS: |
|
|
|
|
|
Proceeds
from shares sold |
743,327,660
|
1,029,139,551
|
60,603,846
|
35,920,855
|
|
Cost
of shares redeemed |
(541,941,155
)
|
(932,583,064
)
|
(54,446,590
)
|
(63,490,799
)
|
|
Net
increase (decrease) in net assets resulting from
shareholder
transactions |
201,386,505
|
96,556,487
|
6,157,256
|
(27,569,944
) |
|
Total
increase (decrease) in net assets |
878,814,209
|
936,999,602
|
(9,010,605
) |
26,254,759
|
|
| ||||
|
NET
ASSETS: |
|
|
|
|
|
Beginning
of period |
2,877,168,232
|
1,940,168,630
|
439,538,454
|
413,283,695
|
|
End
of period |
$3,755,982,441
|
$2,877,168,232
|
$430,527,849
|
$439,538,454
|
|
| ||||
|
CHANGES
IN SHARES OUTSTANDING: |
|
|
|
|
|
Shares
outstanding, beginning of period |
35,855,000
|
34,605,000
|
26,500,002
|
28,300,002
|
|
Shares
sold |
8,450,000
|
13,950,000
|
3,750,000
|
2,300,000
|
|
Shares
redeemed |
(6,200,000
) |
(12,700,000
) |
(3,400,000
) |
(4,100,000
) |
|
Shares
outstanding, end of period |
38,105,000
|
35,855,000
|
26,850,002
|
26,500,002
|
See
Notes to Financial Statements
Page
54
|
First Trust Rising
Dividend Achievers
ETF (RDVY)
|
First Trust Dorsey
Wright Focus 5 ETF
(FV) | ||||
|
Year
Ended
9/30/2025
|
Year
Ended
9/30/2024
|
Year
Ended
9/30/2025
|
Year
Ended
9/30/2024
|
Year
Ended
9/30/2025
|
Year
Ended
9/30/2024
|
|
|
|
|
|
|
|
|
$3,825,732
|
$3,077,482
|
$193,888,407
|
$189,387,462
|
$18,737,875
|
$5,739,339
|
|
3,298,003
|
(1,792,787
) |
1,138,953,518
|
594,403,665
|
399,319,859
|
45,376,032
|
|
8,358,302
|
16,230,789
|
781,956,323
|
1,871,550,758
|
(191,238,072
) |
877,521,933
|
|
15,482,037
|
17,515,484
|
2,114,798,248
|
2,655,341,885
|
226,819,662
|
928,637,304
|
|
| |||||
|
|
|
|
|
|
|
|
(4,365,901
) |
(3,237,346
) |
(199,259,427
) |
(192,223,542
) |
(18,414,330
) |
(5,963,670
) |
|
| |||||
|
|
|
|
|
|
|
|
26,836,281
|
6,267,173
|
9,947,875,765
|
4,743,005,656
|
1,402,011,473
|
117,865,997
|
|
—
|
(9,489,100
)
|
(6,705,006,990
)
|
(3,045,340,247
)
|
(1,679,049,983
)
|
(363,011,563
)
|
|
26,836,281
|
(3,221,927
) |
3,242,868,775
|
1,697,665,409
|
(277,038,510
) |
(245,145,566
) |
|
37,952,417
|
11,056,211
|
5,158,407,596
|
4,160,783,752
|
(68,633,178
) |
677,528,068
|
|
| |||||
|
|
|
|
|
|
|
|
82,871,202
|
71,814,991
|
12,091,412,467
|
7,930,628,715
|
3,777,592,466
|
3,100,064,398
|
|
$120,823,619
|
$82,871,202
|
$17,249,820,063
|
$12,091,412,467
|
$3,708,959,288
|
$3,777,592,466
|
|
| |||||
|
|
|
|
|
|
|
|
4,700,002
|
4,900,002
|
204,250,002
|
172,650,002
|
64,900,002
|
70,100,002
|
|
1,450,000
|
400,000
|
162,750,000
|
88,100,000
|
26,000,000
|
2,250,000
|
|
—
|
(600,000
) |
(110,550,000
) |
(56,500,000
) |
(31,000,000
) |
(7,450,000
) |
|
6,150,002
|
4,700,002
|
256,450,002
|
204,250,002
|
59,900,002
|
64,900,002
|
See
Notes to Financial Statements
Page
55
First Trust Exchange-Traded
Fund VI
Statements of Changes in Net Assets (Continued)
|
|
First Trust Dorsey
Wright
Momentum & Dividend
ETF
(DDIV)
|
First Trust RBA American
Industrial Renaissance®
ETF
(AIRR)
| ||
|
|
Year
Ended
9/30/2025
|
Year
Ended
9/30/2024
|
Year
Ended
9/30/2025
|
Year
Ended
9/30/2024
|
|
OPERATIONS:
|
|
|
|
|
|
Net
investment income (loss) |
$1,390,138
|
$1,276,783
|
$8,983,792
|
$1,837,617
|
|
Net
realized gain (loss) |
5,925,250
|
5,352,067
|
192,119,470
|
141,735,986
|
|
Net
change in unrealized appreciation (depreciation) |
(1,189,335
) |
7,631,400
|
759,101,784
|
174,920,365
|
|
Net
increase (decrease) in net assets resulting from
operations
|
6,126,053
|
14,260,250
|
960,205,046
|
318,493,968
|
|
| ||||
|
DISTRIBUTIONS
TO SHAREHOLDERS FROM: |
|
|
|
|
|
Investment
operations |
(1,450,777
) |
(1,311,947
) |
(9,374,755
) |
(2,130,376
) |
|
| ||||
|
SHAREHOLDER
TRANSACTIONS: |
|
|
|
|
|
Proceeds
from shares sold |
36,840,849
|
22,343,436
|
4,634,169,309
|
1,433,118,700
|
|
Cost
of shares redeemed |
(35,872,996
)
|
(16,288,975
)
|
(1,693,284,273
)
|
(554,584,830
)
|
|
Net
increase (decrease) in net assets resulting from
shareholder
transactions |
967,853
|
6,054,461
|
2,940,885,036
|
878,533,870
|
|
Total
increase (decrease) in net assets |
5,643,129
|
19,002,764
|
3,891,715,327
|
1,194,897,462
|
|
| ||||
|
NET
ASSETS: |
|
|
|
|
|
Beginning
of period |
60,661,266
|
41,658,502
|
1,692,645,368
|
497,747,906
|
|
End
of period |
$66,304,395
|
$60,661,266
|
$5,584,360,695
|
$1,692,645,368
|
|
| ||||
|
CHANGES
IN SHARES OUTSTANDING: |
|
|
|
|
|
Shares
outstanding, beginning of period |
1,650,002
|
1,500,002
|
22,700,002
|
9,650,002
|
|
Shares
sold |
950,000
|
650,000
|
56,150,000
|
21,300,000
|
|
Shares
redeemed |
(950,000
) |
(500,000
) |
(21,100,000
) |
(8,250,000
) |
|
Shares
outstanding, end of period |
1,650,002
|
1,650,002
|
57,750,002
|
22,700,002
|
See
Notes to Financial Statements
Page
56
|
First Trust Dorsey
Wright
International Focus
5 ETF (IFV) |
First Trust Dorsey
Wright Dynamic
Focus 5 ETF (FVC)
|
First Trust SMID Cap
Rising Dividend
Achievers ETF (SDVY)
| |||
|
Year
Ended
9/30/2025
|
Year
Ended
9/30/2024
|
Year
Ended
9/30/2025
|
Year
Ended
9/30/2024
|
Year
Ended
9/30/2025
|
Year
Ended
9/30/2024
|
|
|
|
|
|
|
|
|
$3,781,344
|
$4,257,699
|
$2,481,506
|
$2,484,062
|
$122,136,573
|
$72,756,253
|
|
19,805,021
|
3,048,227
|
13,466,662
|
(88,934
) |
(149,852,586
) |
138,722,593
|
|
(5,884,461
) |
26,797,044
|
(13,083,000
) |
22,490,384
|
421,611,858
|
680,848,199
|
|
17,701,904
|
34,102,970
|
2,865,168
|
24,885,512
|
393,895,845
|
892,327,045
|
|
| |||||
|
|
|
|
|
|
|
|
(3,758,351
) |
(4,261,106
) |
(2,196,306
) |
(2,486,081
) |
(124,118,861
) |
(68,669,012
) |
|
| |||||
|
|
|
|
|
|
|
|
51,688,728
|
27,914,399
|
12,358,821
|
15,805,451
|
4,806,495,692
|
5,265,289,231
|
|
(89,300,818
)
|
(88,721,348
)
|
(55,627,723
)
|
(87,164,707
)
|
(2,238,862,846
)
|
(1,435,816,272
)
|
|
(37,612,090
) |
(60,806,949
) |
(43,268,902
) |
(71,359,256
) |
2,567,632,846
|
3,829,472,959
|
|
(23,668,537
) |
(30,965,085
) |
(42,600,040
) |
(48,959,825
) |
2,837,409,830
|
4,653,130,992
|
|
| |||||
|
|
|
|
|
|
|
|
198,832,312
|
229,797,397
|
154,439,138
|
203,398,963
|
6,122,083,500
|
1,468,952,508
|
|
$175,163,775
|
$198,832,312
|
$111,839,098
|
$154,439,138
|
$8,959,493,330
|
$6,122,083,500
|
|
| |||||
|
|
|
|
|
|
|
|
9,450,002
|
12,900,002
|
4,300,002
|
6,500,002
|
168,350,002
|
52,050,002
|
|
2,250,000
|
1,500,000
|
350,000
|
500,000
|
130,400,000
|
159,650,000
|
|
(4,550,000
) |
(4,950,000
) |
(1,550,000
) |
(2,700,000
) |
(63,000,000
) |
(43,350,000
) |
|
7,150,002
|
9,450,002
|
3,100,002
|
4,300,002
|
235,750,002
|
168,350,002
|
See
Notes to Financial Statements
Page
57
First Trust Exchange-Traded
Fund VI
Statements of Changes in Net Assets (Continued)
|
|
First Trust Indxx Innovative
Transaction & Process
ETF
(LEGR)
|
First Trust Nasdaq
Artificial
Intelligence and Robotics
ETF
(ROBT)
| ||
|
|
Year
Ended
9/30/2025
|
Year
Ended
9/30/2024
|
Year
Ended
9/30/2025
|
Year
Ended
9/30/2024
|
|
OPERATIONS:
|
|
|
|
|
|
Net
investment income (loss) |
$2,039,709
|
$2,517,658
|
$1,593,029
|
$1,346,646
|
|
Net
realized gain (loss) |
7,929,201
|
5,672,960
|
4,592,905
|
8,717,611
|
|
Net
change in unrealized appreciation (depreciation) |
9,209,169
|
19,456,910
|
89,708,987
|
21,410,540
|
|
Net
increase (decrease) in net assets resulting from
operations
|
19,178,079
|
27,647,528
|
95,894,921
|
31,474,797
|
|
| ||||
|
DISTRIBUTIONS
TO SHAREHOLDERS FROM: |
|
|
|
|
|
Investment
operations |
(2,031,982
) |
(2,543,302
) |
(2,196,550
) |
(1,354,840
) |
|
| ||||
|
SHAREHOLDER
TRANSACTIONS: |
|
|
|
|
|
Proceeds
from shares sold |
16,012,269
|
6,909,663
|
99,842,452
|
190,788,005
|
|
Cost
of shares redeemed |
(24,481,480
)
|
(19,836,939
)
|
(37,312,661
)
|
(183,516,817
)
|
|
Net
increase (decrease) in net assets resulting from
shareholder
transactions |
(8,469,211
) |
(12,927,276
) |
62,529,791
|
7,271,188
|
|
Total
increase (decrease) in net assets |
8,676,886
|
12,176,950
|
156,228,162
|
37,391,145
|
|
| ||||
|
NET
ASSETS: |
|
|
|
|
|
Beginning
of period |
106,520,050
|
94,343,100
|
453,666,959
|
416,275,814
|
|
End
of period |
$115,196,936
|
$106,520,050
|
$609,895,121
|
$453,666,959
|
|
| ||||
|
CHANGES
IN SHARES OUTSTANDING: |
|
|
|
|
|
Shares
outstanding, beginning of period |
2,250,002
|
2,550,002
|
10,350,002
|
10,300,002
|
|
Shares
sold |
300,000
|
150,000
|
2,050,000
|
4,350,000
|
|
Shares
redeemed |
(500,000
) |
(450,000
) |
(850,000
) |
(4,300,000
) |
|
Shares
outstanding, end of period |
2,050,002
|
2,250,002
|
11,550,002
|
10,350,002
|
See
Notes to Financial Statements
Page
58
|
First Trust Dorsey
Wright Momentum
& Value ETF (DVLU)
|
First Trust International
Developed
Capital Strength®
ETF (FICS) | ||||
|
Year
Ended
9/30/2025
|
Year
Ended
9/30/2024
|
Year
Ended
9/30/2025
|
Year
Ended
9/30/2024
|
Year
Ended
9/30/2025
|
Year
Ended
9/30/2024
|
|
|
|
|
|
|
|
|
$594,853
|
$329,224
|
$274,824
|
$336,318
|
$3,999,952
|
$1,685,768
|
|
6,283,067
|
4,709,290
|
611,022
|
4,469,246
|
11,105,158
|
(2,101,473
) |
|
(2,212,180
) |
8,736,893
|
2,196,543
|
3,023,324
|
(7,025,354
) |
24,884,634
|
|
4,665,740
|
13,775,407
|
3,082,389
|
7,828,888
|
8,079,756
|
24,468,929
|
|
| |||||
|
|
|
|
|
|
|
|
(586,670
) |
(406,865
) |
(317,200
) |
(302,515
) |
(4,767,957
) |
(1,977,261
) |
|
| |||||
|
|
|
|
|
|
|
|
45,302,102
|
32,929,216
|
9,130,623
|
31,085,181
|
104,188,845
|
91,759,759
|
|
(10,403,952
)
|
(52,313,744
)
|
(10,652,662
)
|
(26,796,190
)
|
(50,048,873
)
|
(26,509,703
)
|
|
34,898,150
|
(19,384,528
) |
(1,522,039
) |
4,288,991
|
54,139,972
|
65,250,056
|
|
38,977,220
|
(6,015,986
) |
1,243,150
|
11,815,364
|
57,451,771
|
87,741,724
|
|
| |||||
|
|
|
|
|
|
|
|
51,388,727
|
57,404,713
|
32,362,260
|
20,546,896
|
156,971,925
|
69,230,201
|
|
$90,365,947
|
$51,388,727
|
$33,605,410
|
$32,362,260
|
$214,423,696
|
$156,971,925
|
|
| |||||
|
|
|
|
|
|
|
|
1,550,002
|
2,300,002
|
1,050,002
|
900,002
|
4,200,002
|
2,300,002
|
|
1,300,000
|
1,100,000
|
300,000
|
1,100,000
|
2,800,000
|
2,700,000
|
|
(300,000
) |
(1,850,000
) |
(350,000
) |
(950,000
) |
(1,350,000
) |
(800,000
) |
|
2,550,002
|
1,550,002
|
1,000,002
|
1,050,002
|
5,650,002
|
4,200,002
|
See
Notes to Financial Statements
Page
59
First Trust Exchange-Traded
Fund VI
Statements of Changes in Net Assets (Continued)
|
|
First Trust S&P
500 Economic
Moat ETF (EMOT)
| |
|
|
Year
Ended
9/30/2025
|
Period
Ended
9/30/2024 (a)
|
|
OPERATIONS:
|
|
|
|
Net
investment income (loss) |
$33,468
|
$3,085
|
|
Net
realized gain (loss) |
270,281
|
47
|
|
Net
change in unrealized appreciation (depreciation) |
293,439
|
114,610
|
|
Net
increase (decrease) in net assets resulting from operations |
597,188
|
117,742
|
|
| ||
|
DISTRIBUTIONS
TO SHAREHOLDERS FROM: |
|
|
|
Investment
operations |
(31,701
) |
—
|
|
| ||
|
SHAREHOLDER
TRANSACTIONS: |
|
|
|
Proceeds
from shares sold |
3,209,332
|
3,065,197
|
|
Cost
of shares redeemed |
(2,165,491
)
|
—
|
|
Net
increase (decrease) in net assets resulting from shareholder transactions |
1,043,841
|
3,065,197
|
|
Total
increase (decrease) in net assets |
1,609,328
|
3,182,939
|
|
| ||
|
NET
ASSETS: |
|
|
|
Beginning
of period |
3,182,939
|
—
|
|
End
of period |
$4,792,267
|
$3,182,939
|
|
| ||
|
CHANGES
IN SHARES OUTSTANDING: |
|
|
|
Shares
outstanding, beginning of period |
150,002
|
—
|
|
Shares
sold |
150,000
|
150,002
|
|
Shares
redeemed |
(100,000
) |
—
|
|
Shares
outstanding, end of period |
200,002
|
150,002
|
|
(a)
|
Inception
date is June 26, 2024, which is consistent with the commencement of investment operations and is the date the initial
creation
units were established. |
See
Notes to Financial Statements
Page
60
First Trust Exchange-Traded
Fund VI
For a share outstanding throughout each period
Financial Highlights
First Trust NASDAQ Technology
Dividend Index Fund (TDIV)
|
|
Year Ended September
30, | ||||
|
|
2025
|
2024
|
2023
|
2022
|
2021
|
|
Net
asset value, beginning of period |
$80.24
|
$56.07
|
$43.61
|
$56.42
|
$43.84
|
|
Income
from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)
|
1.33
(a)
|
1.26
(a)
|
1.07
(a)
|
1.24
|
1.10
|
|
Net
realized and unrealized gain (loss) |
18.31
|
24.16
|
12.47
|
(12.83
)
|
12.55
|
|
Total
from investment operations |
19.64
|
25.42
|
13.54
|
(11.59
)
|
13.65
|
|
Distributions
paid to shareholders from: |
|
|
|
|
|
|
Net
investment income |
(1.31
)
|
(1.25
)
|
(1.08
)
|
(1.22
)
|
(1.07
)
|
|
Net
asset value, end of period |
$98.57
|
$80.24
|
$56.07
|
$43.61
|
$56.42
|
|
Total
return (b) |
24.78
%
|
45.65
%
|
31.22
%
|
(20.93
)%
|
31.29
%
|
|
| |||||
|
Ratios
to average net assets/supplemental data: |
|
|
|
|
|
|
Net
assets, end of period (in 000’s) |
$3,755,982
|
$2,877,168
|
$1,940,169
|
$1,430,611
|
$1,613,767
|
|
Ratio
of total expenses to average net assets |
0.51
% (c)
|
0.50
%
|
0.50
%
|
0.50
%
|
0.50
%
|
|
Ratio
of net investment income (loss) to average net
assets
|
1.60
%
|
1.83
%
|
2.02
%
|
2.26
%
|
2.08
%
|
|
Portfolio
turnover rate (d) |
24
%
|
36
%
|
43
%
|
36
%
|
38
%
|
|
(a)
|
Based
on average shares outstanding. |
|
(b)
|
Total
return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all
distributions
at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not
reflect
the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is
calculated
for the time period presented and is not annualized for periods of less than a year. |
|
(c)
|
Includes
extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.50%. |
|
(d)
|
Portfolio
turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities
received
or delivered from processing creations or redemptions and in-kind transactions. |
See
Notes to Financial Statements
Page
61
First Trust Exchange-Traded
Fund VI
For a share outstanding throughout each period
Financial Highlights (Continued)
Multi-Asset Diversified
Income Index Fund (MDIV)
|
|
Year Ended September
30, | ||||
|
|
2025
|
2024
|
2023
|
2022
|
2021
|
|
Net
asset value, beginning of period |
$16.59
|
$14.60
|
$14.41
|
$16.35
|
$13.52
|
|
Income
from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)
|
0.76
(a)
|
0.78
(a)
|
0.77
(a)
|
0.72
|
0.49
|
|
Net
realized and unrealized gain (loss) |
(0.30
)
|
2.24
|
0.38
|
(1.67
)
|
3.18
|
|
Total
from investment operations |
0.46
|
3.02
|
1.15
|
(0.95
)
|
3.67
|
|
Distributions
paid to shareholders from: |
|
|
|
|
|
|
Net
investment income |
(1.02
)
|
(1.03
)
|
(0.73
)
|
(0.97
)
|
(0.64
)
|
|
Return
of capital |
—
|
—
|
(0.23
)
|
(0.02
)
|
(0.20
)
|
|
Total
distributions |
(1.02
)
|
(1.03
)
|
(0.96
)
|
(0.99
)
|
(0.84
)
|
|
Net
asset value, end of period |
$16.03
|
$16.59
|
$14.60
|
$14.41
|
$16.35
|
|
Total
return (b) |
2.90
%
|
21.26
%
|
8.05
%
|
(6.25
)%
|
27.50
%
|
|
| |||||
|
Ratios
to average net assets/supplemental data: |
|
|
|
|
|
|
Net
assets, end of period (in 000’s) |
$430,528
|
$439,538
|
$413,284
|
$446,101
|
$470,203
|
|
Ratio
of total expenses to average net assets (c) |
0.61
% (d)
|
0.60
%
|
0.60
%
|
0.60
%
|
0.60
%
|
|
Ratio
of net expenses to average net assets (c) |
0.49
% (d)
|
0.48
%
|
0.48
%
|
0.48
%
|
0.48
%
|
|
Ratio
of net investment income (loss) to average net assets (c) |
4.68
%
|
5.01
%
|
5.16
%
|
4.40
%
|
3.03
%
|
|
Portfolio
turnover rate (e) |
68
%
|
73
%
|
76
%
|
85
%
|
100
%
|
|
(a)
|
Based
on average shares outstanding. |
|
(b)
|
Total
return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all
distributions
at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not
reflect
the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is
calculated
for the time period presented and is not annualized for periods of less than a year. The total returns would have been lower if certain
fees
had not been waived by the investment advisor. |
|
(c)
|
Ratios
of expenses to average net assets and ratio of net investment income (loss) to average net assets do not reflect the Fund’s proportionate
share
of expenses and income of underlying investment companies in which the Fund invests. |
|
(d)
|
Includes
extraordinary expenses. If these extraordinary expenses were not included, the total and net expense ratios would have been 0.60% and
0.48%,
respectively. |
|
(e)
|
Portfolio
turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities
received
or delivered from processing creations or redemptions and in-kind transactions. |
See
Notes to Financial Statements
Page
62
First Trust Exchange-Traded
Fund VI
For a share outstanding throughout each period
Financial Highlights (Continued)
First Trust S&P International
Dividend Aristocrats ETF (FID)
|
|
Year Ended September
30, | ||||
|
|
2025
|
2024
|
2023
|
2022
|
2021
|
|
Net
asset value, beginning of period |
$17.63
|
$14.66
|
$13.72
|
$17.56
|
$14.15
|
|
Income
from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)
|
0.73
(a)
|
0.64
(a)
|
0.75
(a)
|
0.71
|
0.62
|
|
Net
realized and unrealized gain (loss) |
2.09
|
3.02
|
0.86
|
(3.85
)
|
3.43
|
|
Total
from investment operations |
2.82
|
3.66
|
1.61
|
(3.14
)
|
4.05
|
|
Distributions
paid to shareholders from: |
|
|
|
|
|
|
Net
investment income |
(0.80
)
|
(0.69
)
|
(0.67
)
|
(0.70
)
|
(0.64
)
|
|
Net
asset value, end of period |
$19.65
|
$17.63
|
$14.66
|
$13.72
|
$17.56
|
|
Total
return (b) |
16.39
%
|
25.48
%
|
11.60
%
|
(18.39
)%
|
28.79
%
|
|
| |||||
|
Ratios
to average net assets/supplemental data: |
|
|
|
|
|
|
Net
assets, end of period (in 000’s) |
$120,824
|
$82,871
|
$71,815
|
$43,912
|
$42,139
|
|
Ratio
of total expenses to average net assets |
0.61
% (c)
|
0.60
%
|
0.60
%
|
0.60
%
|
0.60
%
|
|
Ratio
of net investment income (loss) to average net assets |
4.10
%
|
4.05
%
|
4.84
%
|
4.39
%
|
4.10
%
|
|
Portfolio
turnover rate (d) |
51
%
|
57
%
|
63
%
|
47
%
|
57
%
|
|
(a)
|
Based
on average shares outstanding. |
|
(b)
|
Total
return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all
distributions
at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not
reflect
the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is
calculated
for the time period presented and is not annualized for periods of less than a year. |
|
(c)
|
Includes
extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. |
|
(d)
|
Portfolio
turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities
received
or delivered from processing creations or redemptions and in-kind transactions. |
See
Notes to Financial Statements
Page
63
First Trust Exchange-Traded
Fund VI
For a share outstanding throughout each period
Financial Highlights (Continued)
First Trust Rising Dividend
Achievers ETF (RDVY)
|
|
Year Ended September
30, | ||||
|
|
2025
|
2024
|
2023
|
2022
|
2021
|
|
Net
asset value, beginning of period |
$59.20
|
$45.93
|
$38.83
|
$47.47
|
$32.67
|
|
Income
from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)
|
0.85
(a)
|
1.01
(a)
|
1.08
(a)
|
0.82
|
0.59
|
|
Net
realized and unrealized gain (loss) |
8.08
|
13.28
|
7.13
|
(8.70
)
|
14.79
|
|
Total
from investment operations |
8.93
|
14.29
|
8.21
|
(7.88
)
|
15.38
|
|
Distributions
paid to shareholders from: |
|
|
|
|
|
|
Net
investment income |
(0.87
)
|
(1.02
)
|
(1.11
)
|
(0.76
)
|
(0.58
)
|
|
Net
asset value, end of period |
$67.26
|
$59.20
|
$45.93
|
$38.83
|
$47.47
|
|
Total
return (b) |
15.25
%
|
31.31
%
|
21.22
%
|
(16.76
)%
|
47.21
%
|
|
| |||||
|
Ratios
to average net assets/supplemental data: |
|
|
|
|
|
|
Net
assets, end of period (in 000’s) |
$17,249,820
|
$12,091,412
|
$7,930,629
|
$7,290,775
|
$5,739,655
|
|
Ratio
of total expenses to average net assets |
0.48
%
|
0.48
%
|
0.49
%
|
0.50
%
|
0.50
%
|
|
Ratio
of net investment income (loss) to average
net
assets |
1.38
%
|
1.91
%
|
2.36
%
|
1.85
%
|
1.43
%
|
|
Portfolio
turnover rate (c) |
69
%
|
57
%
|
57
%
|
59
%
|
45
%
|
|
(a)
|
Based
on average shares outstanding. |
|
(b)
|
Total
return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all
distributions
at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not
reflect
the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is
calculated
for the time period presented and is not annualized for periods of less than a year. |
|
(c)
|
Portfolio
turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities
received
or delivered from processing creations or redemptions and in-kind transactions. |
See
Notes to Financial Statements
Page
64
First Trust Exchange-Traded
Fund VI
For a share outstanding throughout each period
Financial Highlights (Continued)
First Trust Dorsey Wright
Focus 5 ETF (FV)
|
|
Year Ended September
30, | ||||
|
|
2025
|
2024
|
2023
|
2022
|
2021
|
|
Net
asset value, beginning of period |
$58.21
|
$44.22
|
$41.09
|
$45.78
|
$34.10
|
|
Income
from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)
|
0.30
(a)
|
0.09
(a)
|
0.41
(a)
|
0.46
|
0.02
|
|
Net
realized and unrealized gain (loss) |
3.71
|
13.99
|
3.15
|
(4.71
)
|
11.68
|
|
Total
from investment operations |
4.01
|
14.08
|
3.56
|
(4.25
)
|
11.70
|
|
Distributions
paid to shareholders from: |
|
|
|
|
|
|
Net
investment income |
(0.30
)
|
(0.09
)
|
(0.43
)
|
(0.44
)
|
(0.02
)
|
|
Net
asset value, end of period |
$61.92
|
$58.21
|
$44.22
|
$41.09
|
$45.78
|
|
Total
return (b) |
6.91
%
|
31.86
%
|
8.63
%
|
(9.32
)%
|
34.31
%
|
|
| |||||
|
Ratios
to average net assets/supplemental data: |
|
|
|
|
|
|
Net
assets, end of period (in 000’s) |
$3,708,959
|
$3,777,592
|
$3,100,064
|
$2,592,805
|
$2,694,187
|
|
Ratio
of total expenses to average net assets (c) |
0.30
%
|
0.30
%
|
0.30
%
|
0.30
%
|
0.30
%
|
|
Ratio
of net investment income (loss) to average net
assets
(c) |
0.50
%
|
0.16
%
|
0.88
%
|
1.01
%
|
0.04
%
|
|
Portfolio
turnover rate (d) |
60
%
|
0
%
|
103
%
|
81
%
|
20
%
|
|
(a)
|
Based
on average shares outstanding. |
|
(b)
|
Total
return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all
distributions
at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not
reflect
the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is
calculated
for the time period presented and is not annualized for periods of less than a year. |
|
(c)
|
Ratio
of total expenses to average net assets and ratio of net investment income (loss) to average net assets do not reflect the Fund’s
proportionate
share of expenses and income of underlying investment companies in which the Fund invests. |
|
(d)
|
Portfolio
turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities
received
or delivered from processing creations or redemptions and in-kind transactions. |
See
Notes to Financial Statements
Page
65
First Trust Exchange-Traded
Fund VI
For a share outstanding throughout each period
Financial Highlights (Continued)
First Trust Dorsey Wright
Momentum & Dividend ETF (DDIV)
|
|
Year Ended September
30, | ||||
|
|
2025
|
2024
|
2023
|
2022
|
2021
|
|
Net
asset value, beginning of period |
$36.76
|
$27.77
|
$26.84
|
$31.09
|
$21.06
|
|
Income
from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)
|
0.77
(a)
|
0.87
(a)
|
1.08
(a)
|
0.88
|
0.73
|
|
Net
realized and unrealized gain (loss) |
3.46
|
9.02
|
0.93
|
(4.22
)
|
10.01
|
|
Total
from investment operations |
4.23
|
9.89
|
2.01
|
(3.34
)
|
10.74
|
|
Distributions
paid to shareholders from: |
|
|
|
|
|
|
Net
investment income |
(0.81
)
|
(0.90
)
|
(1.08
)
|
(0.91
)
|
(0.71
)
|
|
Net
asset value, end of period |
$40.18
|
$36.76
|
$27.77
|
$26.84
|
$31.09
|
|
Total
return (b) |
11.63
%
|
36.01
%
|
7.48
%
|
(11.08
)%
|
51.29
%
|
|
| |||||
|
Ratios
to average net assets/supplemental data: |
|
|
|
|
|
|
Net
assets, end of period (in 000’s) |
$66,304
|
$60,661
|
$41,659
|
$67,100
|
$38,863
|
|
Ratio
of total expenses to average net assets |
0.61
% (c)
|
0.60
%
|
0.60
%
|
0.60
%
|
0.60
%
|
|
Ratio
of net investment income (loss) to average net assets |
2.00
%
|
2.71
%
|
3.75
%
|
3.00
%
|
2.54
%
|
|
Portfolio
turnover rate (d) |
157
%
|
173
%
|
197
%
|
172
%
|
186
%
|
|
(a)
|
Based
on average shares outstanding. |
|
(b)
|
Total
return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all
distributions
at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not
reflect
the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is
calculated
for the time period presented and is not annualized for periods of less than a year. |
|
(c)
|
Includes
extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. |
|
(d)
|
Portfolio
turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities
received
or delivered from processing creations or redemptions and in-kind transactions. |
See
Notes to Financial Statements
Page
66
First Trust Exchange-Traded
Fund VI
For a share outstanding throughout each period
Financial Highlights (Continued)
First Trust RBA American
Industrial Renaissance®
ETF (AIRR)
|
|
Year Ended September
30, | ||||
|
|
2025
|
2024
|
2023
|
2022
|
2021
|
|
Net
asset value, beginning of period |
$74.57
|
$51.58
|
$38.20
|
$40.84
|
$25.68
|
|
Income
from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)
|
0.21
(a)
|
0.13
(a)
|
0.15
(a)
|
0.04
|
0.03
|
|
Net
realized and unrealized gain (loss) |
22.13
|
22.99
|
13.37
|
(2.66
)
|
15.16
|
|
Total
from investment operations |
22.34
|
23.12
|
13.52
|
(2.62
)
|
15.19
|
|
Distributions
paid to shareholders from: |
|
|
|
|
|
|
Net
investment income |
(0.21
)
|
(0.13
)
|
(0.14
)
|
(0.02
)
|
(0.03
)
|
|
Net
asset value, end of period |
$96.70
|
$74.57
|
$51.58
|
$38.20
|
$40.84
|
|
Total
return (b) |
30.04
%
|
44.86
%
|
35.41
%
|
(6.41
)%
|
59.15
%
|
|
| |||||
|
Ratios
to average net assets/supplemental data: |
|
|
|
|
|
|
Net
assets, end of period (in 000’s) |
$5,584,361
|
$1,692,645
|
$497,748
|
$169,984
|
$220,549
|
|
Ratio
of total expenses to average net assets |
0.70
%
|
0.70
%
|
0.70
%
|
0.70
%
|
0.70
%
|
|
Ratio
of net investment income (loss) to average net assets |
0.26
%
|
0.20
%
|
0.30
%
|
0.10
%
|
0.07
%
|
|
Portfolio
turnover rate (c) |
60
%
|
75
%
|
48
%
|
37
%
|
35
%
|
|
(a)
|
Based
on average shares outstanding. |
|
(b)
|
Total
return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all
distributions
at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not
reflect
the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is
calculated
for the time period presented and is not annualized for periods of less than a year. |
|
(c)
|
Portfolio
turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities
received
or delivered from processing creations or redemptions and in-kind transactions. |
See
Notes to Financial Statements
Page
67
First Trust Exchange-Traded
Fund VI
For a share outstanding throughout each period
Financial Highlights (Continued)
First Trust Dorsey Wright
International Focus 5 ETF (IFV)
|
|
Year Ended September
30, | ||||
|
|
2025
|
2024
|
2023
|
2022
|
2021
|
|
Net
asset value, beginning of period |
$21.04
|
$17.81
|
$16.09
|
$22.74
|
$18.83
|
|
Income
from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)
|
0.54
(a)
|
0.43
(a)
|
0.58
(a)
|
0.64
|
0.20
|
|
Net
realized and unrealized gain (loss) |
3.44
|
3.23
|
1.67
|
(6.66
)
|
3.93
|
|
Total
from investment operations |
3.98
|
3.66
|
2.25
|
(6.02
)
|
4.13
|
|
Distributions
paid to shareholders from: |
|
|
|
|
|
|
Net
investment income |
(0.52
)
|
(0.43
)
|
(0.53
)
|
(0.63
)
|
(0.22
)
|
|
Net
asset value, end of period |
$24.50
|
$21.04
|
$17.81
|
$16.09
|
$22.74
|
|
Total
return (b) |
19.28
%
|
20.76
%
|
14.03
%
|
(26.89
)%
|
21.91
%
|
|
| |||||
|
Ratios
to average net assets/supplemental data: |
|
|
|
|
|
|
Net
assets, end of period (in 000’s) |
$175,164
|
$198,832
|
$229,797
|
$139,212
|
$264,970
|
|
Ratio
of total expenses to average net assets (c) |
0.31
% (d)
|
0.30
%
|
0.30
%
|
0.30
%
|
0.30
%
|
|
Ratio
of net investment income (loss) to average net assets (c) |
2.57
%
|
2.22
%
|
3.29
%
|
2.92
%
|
0.87
%
|
|
Portfolio
turnover rate (e) |
80
%
|
42
%
|
65
%
|
104
%
|
66
%
|
|
(a)
|
Based
on average shares outstanding. |
|
(b)
|
Total
return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all
distributions
at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not
reflect
the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is
calculated
for the time period presented and is not annualized for periods of less than a year. |
|
(c)
|
Ratio
of total expenses to average net assets and ratio of net investment income (loss) to average net assets do not reflect the Fund’s
proportionate
share of expenses and income of underlying investment companies in which the Fund invests. |
|
(d)
|
Includes
extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.30%. |
|
(e)
|
Portfolio
turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities
received
or delivered from processing creations or redemptions and in-kind transactions. |
See
Notes to Financial Statements
Page
68
First Trust Exchange-Traded
Fund VI
For a share outstanding throughout each period
Financial Highlights (Continued)
First Trust Dorsey Wright
Dynamic Focus 5 ETF (FVC)
|
|
Year Ended September
30, | ||||
|
|
2025
|
2024
|
2023
|
2022
|
2021
|
|
Net
asset value, beginning of period |
$35.92
|
$31.29
|
$33.40
|
$35.14
|
$26.17
|
|
Income
from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)
|
0.68
(a)
|
0.49
(a)
|
0.64
(a)
|
0.31
|
0.01
|
|
Net
realized and unrealized gain (loss) |
0.12
|
4.64
|
(2.10
)
|
(1.77
)
|
8.97
|
|
Total
from investment operations |
0.80
|
5.13
|
(1.46
)
|
(1.46
)
|
8.98
|
|
Distributions
paid to shareholders from: |
|
|
|
|
|
|
Net
investment income |
(0.64
)
|
(0.50
)
|
(0.65
)
|
(0.28
)
|
(0.01
)
|
|
Net
asset value, end of period |
$36.08
|
$35.92
|
$31.29
|
$33.40
|
$35.14
|
|
Total
return (b) |
2.26
%
|
16.48
%
|
(4.49
)%
|
(4.18
)%
|
34.32
%
|
|
| |||||
|
Ratios
to average net assets/supplemental data: |
|
|
|
|
|
|
Net
assets, end of period (in 000’s) |
$111,839
|
$154,439
|
$203,399
|
$230,480
|
$212,609
|
|
Ratio
of total expenses to average net assets (c) |
0.31
% (d)
|
0.30
%
|
0.30
%
|
0.30
%
|
0.30
%
|
|
Ratio
of net investment income (loss) to average net assets (c) |
1.88
%
|
1.48
%
|
1.87
%
|
0.91
%
|
0.02
%
|
|
Portfolio
turnover rate (e) |
168
%
|
200
%
|
294
%
|
164
%
|
20
%
|
|
(a)
|
Based
on average shares outstanding. |
|
(b)
|
Total
return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all
distributions
at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not
reflect
the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is
calculated
for the time period presented and is not annualized for periods of less than a year. |
|
(c)
|
Ratio
of total expenses to average net assets and ratio of net investment income (loss) to average net assets do not reflect the Fund’s
proportionate
share of expenses and income of underlying investment companies in which the Fund invests. |
|
(d)
|
Includes
extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.30%. |
|
(e)
|
Portfolio
turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities
received
or delivered from processing creations or redemptions and in-kind transactions. |
See
Notes to Financial Statements
Page
69
First Trust Exchange-Traded
Fund VI
For a share outstanding throughout each period
Financial Highlights (Continued)
First Trust SMID Cap Rising
Dividend Achievers ETF (SDVY)
|
|
Year Ended September
30, | ||||
|
|
2025
|
2024
|
2023
|
2022
|
2021
|
|
Net
asset value, beginning of period |
$36.37
|
$28.22
|
$23.09
|
$28.28
|
$18.27
|
|
Income
from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)
|
0.55
(a)
|
0.66
(a)
|
0.70
(a)
|
0.51
|
0.36
|
|
Net
realized and unrealized gain (loss) |
1.63
|
8.07
|
5.10
|
(5.21
)
|
9.99
|
|
Total
from investment operations |
2.18
|
8.73
|
5.80
|
(4.70
)
|
10.35
|
|
Distributions
paid to shareholders from: |
|
|
|
|
|
|
Net
investment income |
(0.55
)
|
(0.58
)
|
(0.67
)
|
(0.49
)
|
(0.34
)
|
|
Net
asset value, end of period |
$38.00
|
$36.37
|
$28.22
|
$23.09
|
$28.28
|
|
Total
return (b) |
6.12
%
|
31.07
%
|
25.25
%
|
(16.78
)%
|
56.77
%
|
|
| |||||
|
Ratios
to average net assets/supplemental data: |
|
|
|
|
|
|
Net
assets, end of period (in 000’s) |
$8,959,493
|
$6,122,084
|
$1,468,953
|
$819,621
|
$210,673
|
|
Ratio
of total expenses to average net assets |
0.59
%
|
0.59
%
|
0.60
%
|
0.60
%
|
0.60
%
|
|
Ratio
of net investment income (loss) to average net
assets
|
1.55
%
|
1.99
%
|
2.56
%
|
2.25
%
|
1.77
%
|
|
Portfolio
turnover rate (c) |
85
%
|
64
%
|
58
%
|
86
%
|
36
%
|
|
(a)
|
Based
on average shares outstanding. |
|
(b)
|
Total
return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all
distributions
at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not
reflect
the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is
calculated
for the time period presented and is not annualized for periods of less than a year. |
|
(c)
|
Portfolio
turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities
received
or delivered from processing creations or redemptions and in-kind transactions. |
See
Notes to Financial Statements
Page
70
First Trust Exchange-Traded
Fund VI
For a share outstanding throughout each period
Financial Highlights (Continued)
First Trust Indxx Innovative
Transaction & Process ETF (LEGR)
|
|
Year Ended September
30, | ||||
|
|
2025
|
2024
|
2023
|
2022
|
2021
|
|
Net
asset value, beginning of period |
$47.34
|
$37.00
|
$30.34
|
$42.07
|
$31.32
|
|
Income
from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)
|
1.04
(a)
|
1.03
(a)
|
0.93
(a)
|
1.15
|
0.61
|
|
Net
realized and unrealized gain (loss) |
8.86
|
10.37
|
6.70
|
(11.75
)
|
10.70
|
|
Total
from investment operations |
9.90
|
11.40
|
7.63
|
(10.60
)
|
11.31
|
|
Distributions
paid to shareholders from: |
|
|
|
|
|
|
Net
investment income |
(1.05
)
|
(1.06
)
|
(0.97
)
|
(1.13
)
|
(0.56
)
|
|
Net
asset value, end of period |
$56.19
|
$47.34
|
$37.00
|
$30.34
|
$42.07
|
|
Total
return (b) |
21.13
%
|
31.08
%
|
25.13
%
|
(25.55
)%
|
36.13
%
|
|
| |||||
|
Ratios
to average net assets/supplemental data: |
|
|
|
|
|
|
Net
assets, end of period (in 000’s) |
$115,197
|
$106,520
|
$94,343
|
$100,130
|
$132,512
|
|
Ratio
of total expenses to average net assets |
0.66
% (c)
|
0.65
%
|
0.65
%
|
0.65
%
|
0.65
%
|
|
Ratio
of net investment income (loss) to average net assets |
2.07
%
|
2.47
%
|
2.55
%
|
2.94
%
|
1.84
%
|
|
Portfolio
turnover rate (d) |
15
%
|
17
%
|
17
%
|
23
%
|
46
%
|
|
(a)
|
Based
on average shares outstanding. |
|
(b)
|
Total
return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all
distributions
at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not
reflect
the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is
calculated
for the time period presented and is not annualized for periods of less than a year. |
|
(c)
|
Includes
extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.65%. |
|
(d)
|
Portfolio
turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities
received
or delivered from processing creations or redemptions and in-kind transactions. |
See
Notes to Financial Statements
Page
71
First Trust Exchange-Traded
Fund VI
For a share outstanding throughout each period
Financial Highlights (Continued)
First Trust Nasdaq Artificial
Intelligence and Robotics ETF (ROBT)
|
|
Year Ended September
30, | ||||
|
|
2025
|
2024
|
2023
|
2022
|
2021
|
|
Net
asset value, beginning of period |
$43.83
|
$40.42
|
$33.64
|
$53.30
|
$38.89
|
|
Income
from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)
|
0.15
(a)
|
0.12
(a)
|
0.13
(a)
|
0.08
|
0.05
|
|
Net
realized and unrealized gain (loss) |
9.04
|
3.40
|
6.78
|
(19.67
) (b)
|
14.44
|
|
Total
from investment operations |
9.19
|
3.52
|
6.91
|
(19.59
)
|
14.49
|
|
Distributions
paid to shareholders from: |
|
|
|
|
|
|
Net
investment income |
(0.22
)
|
(0.11
)
|
(0.13
)
|
(0.07
)
|
(0.08
)
|
|
Net
asset value, end of period |
$52.80
|
$43.83
|
$40.42
|
$33.64
|
$53.30
|
|
Total
return (c) |
21.06
%
|
8.75
%
|
20.51
%
|
(36.76
)% (b)
|
37.27
%
|
|
| |||||
|
Ratios
to average net assets/supplemental data: |
|
|
|
|
|
|
Net
assets, end of period (in 000’s) |
$609,895
|
$453,667
|
$416,276
|
$173,248
|
$266,492
|
|
Ratio
of total expenses to average net assets |
0.66
% (d)
|
0.65
%
|
0.65
%
|
0.65
%
|
0.65
%
|
|
Ratio
of net investment income (loss) to average net assets |
0.33
%
|
0.28
%
|
0.33
%
|
0.17
%
|
0.10
%
|
|
Portfolio
turnover rate (e) |
52
%
|
43
%
|
46
%
|
36
%
|
31
%
|
|
(a)
|
Based
on average shares outstanding. |
|
(b)
|
The
Fund received a reimbursement from the advisor in the amount of $1,987 in connection with a trade error, which represents less than $0.01
per
share. Since the advisor reimbursed the Fund, there was no effect on the Fund’s total return. |
|
(c)
|
Total
return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all
distributions
at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not
reflect
the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is
calculated
for the time period presented and is not annualized for periods of less than a year. |
|
(d)
|
Includes
extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.65%. |
|
(e)
|
Portfolio
turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities
received
or delivered from processing creations or redemptions and in-kind transactions. |
See
Notes to Financial Statements
Page
72
First Trust Exchange-Traded
Fund VI
For a share outstanding throughout each period
Financial Highlights (Continued)
First Trust Dorsey Wright
Momentum & Low Volatility ETF (DVOL)
|
|
Year Ended September
30, | ||||
|
|
2025
|
2024
|
2023
|
2022
|
2021
|
|
Net
asset value, beginning of period |
$33.15
|
$24.96
|
$23.96
|
$27.53
|
$22.46
|
|
Income
from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)
|
0.32
(a)
|
0.20
(a)
|
0.34
(a)
|
0.32
|
0.10
|
|
Net
realized and unrealized gain (loss) |
2.28
|
8.24
|
1.02
|
(3.60
)
|
5.06
|
|
Total
from investment operations |
2.60
|
8.44
|
1.36
|
(3.28
)
|
5.16
|
|
Distributions
paid to shareholders from: |
|
|
|
|
|
|
Net
investment income |
(0.31
)
|
(0.25
)
|
(0.36
)
|
(0.29
)
|
(0.09
)
|
|
Net
asset value, end of period |
$35.44
|
$33.15
|
$24.96
|
$23.96
|
$27.53
|
|
Total
return (b) |
7.86
%
|
33.95
%
|
5.64
%
|
(12.02
)%
|
22.98
%
|
|
| |||||
|
Ratios
to average net assets/supplemental data: |
|
|
|
|
|
|
Net
assets, end of period (in 000’s) |
$90,366
|
$51,389
|
$57,405
|
$81,454
|
$121,114
|
|
Ratio
of total expenses to average net assets |
0.61
% (c)
|
0.60
%
|
0.60
%
|
0.60
%
|
0.60
%
|
|
Ratio
of net investment income (loss) to average net assets |
0.93
%
|
0.68
%
|
1.33
%
|
1.04
%
|
0.36
%
|
|
Portfolio
turnover rate (d) |
152
%
|
122
%
|
150
%
|
169
%
|
136
%
|
|
(a)
|
Based
on average shares outstanding. |
|
(b)
|
Total
return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all
distributions
at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not
reflect
the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is
calculated
for the time period presented and is not annualized for periods of less than a year. |
|
(c)
|
Includes
extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. |
|
(d)
|
Portfolio
turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities
received
or delivered from processing creations or redemptions and in-kind transactions. |
See
Notes to Financial Statements
Page
73
First Trust Exchange-Traded
Fund VI
For a share outstanding throughout each period
Financial Highlights (Continued)
First Trust Dorsey Wright
Momentum & Value ETF (DVLU)
|
|
Year Ended September
30, | ||||
|
|
2025
|
2024
|
2023
|
2022
|
2021
|
|
Net
asset value, beginning of period |
$30.82
|
$22.83
|
$20.39
|
$23.51
|
$15.07
|
|
Income
from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)
|
0.27
(a)
|
0.35
(a)
|
0.40
(a)
|
0.40
|
0.29
|
|
Net
realized and unrealized gain (loss) |
2.84
|
7.95
|
2.45
|
(3.11
)
|
8.42
|
|
Total
from investment operations |
3.11
|
8.30
|
2.85
|
(2.71
)
|
8.71
|
|
Distributions
paid to shareholders from: |
|
|
|
|
|
|
Net
investment income |
(0.32
)
|
(0.31
)
|
(0.41
)
|
(0.41
)
|
(0.27
)
|
|
Net
asset value, end of period |
$33.61
|
$30.82
|
$22.83
|
$20.39
|
$23.51
|
|
Total
return (b) |
10.21
%
|
36.49
%
|
14.03
%
|
(11.71
)%
|
57.98
%
|
|
| |||||
|
Ratios
to average net assets/supplemental data: |
|
|
|
|
|
|
Net
assets, end of period (in 000’s) |
$33,605
|
$32,362
|
$20,547
|
$19,369
|
$25,864
|
|
Ratio
of total expenses to average net assets |
0.61
% (c)
|
0.60
%
|
0.60
%
|
0.60
%
|
0.60
%
|
|
Ratio
of net investment income (loss) to average net assets |
0.91
%
|
1.27
%
|
1.75
%
|
1.64
%
|
1.68
%
|
|
Portfolio
turnover rate (d) |
187
%
|
155
%
|
223
%
|
230
%
|
195
%
|
|
(a)
|
Based
on average shares outstanding. |
|
(b)
|
Total
return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all
distributions
at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not
reflect
the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is
calculated
for the time period presented and is not annualized for periods of less than a year. |
|
(c)
|
Includes
extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. |
|
(d)
|
Portfolio
turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities
received
or delivered from processing creations or redemptions and in-kind transactions. |
See
Notes to Financial Statements
Page
74
First Trust Exchange-Traded
Fund VI
For a share outstanding throughout each period
Financial Highlights (Continued)
First Trust International
Developed Capital Strength®
ETF (FICS)
|
|
Year Ended September
30, |
Period
Ended
9/30/2021 (a)
| |||
|
|
2025
|
2024
|
2023
|
2022
| |
|
Net
asset value, beginning of period |
$37.37
|
$30.10
|
$25.86
|
$34.04
|
$30.09
|
|
Income
from investment operations: |
|
|
|
|
|
|
Net
investment income (loss)
|
0.79
(b)
|
0.55
(b)
|
0.45
(b)
|
0.57
|
0.36
|
|
Net
realized and unrealized gain (loss) |
0.69
|
7.28
|
4.15
|
(8.16
)
|
3.93
|
|
Total
from investment operations |
1.48
|
7.83
|
4.60
|
(7.59
)
|
4.29
|
|
Distributions
paid to shareholders from: |
|
|
|
|
|
|
Net
investment income |
(0.90
)
|
(0.56
)
|
(0.36
)
|
(0.59
)
|
(0.34
)
|
|
Net
asset value, end of period |
$37.95
|
$37.37
|
$30.10
|
$25.86
|
$34.04
|
|
Total
return (c) |
4.00
%
|
26.15
%
|
17.74
%
|
(22.50
)%
|
14.25
%
|
|
| |||||
|
Ratios
to average net assets/supplemental data: |
|
|
|
|
|
|
Net
assets, end of period (in 000’s) |
$214,424
|
$156,972
|
$69,230
|
$19,396
|
$10,213
|
|
Ratio
of total expenses to average net assets |
0.71
% (d)
|
0.70
%
|
0.70
%
|
0.70
%
|
0.70
% (e)
|
|
Ratio
of net investment income (loss) to average net assets |
2.11
%
|
1.62
%
|
1.47
%
|
2.10
%
|
1.29
% (e)
|
|
Portfolio
turnover rate (f) |
51
%
|
58
%
|
59
%
|
77
%
|
23
%
|
|
(a)
|
Inception
date is December 15, 2020, which is consistent with the commencement of investment operations and is the date the initial creation
units
were established. |
|
(b)
|
Based
on average shares outstanding. |
|
(c)
|
Total
return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all
distributions
at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not
reflect
the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is
calculated
for the time period presented and is not annualized for periods of less than a year. |
|
(d)
|
Includes
extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%. |
|
(e)
|
Annualized.
|
|
(f)
|
Portfolio
turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities
received
or delivered from processing creations or redemptions and in-kind transactions. |
See
Notes to Financial Statements
Page
75
First Trust Exchange-Traded
Fund VI
For a share outstanding throughout each period
Financial Highlights (Continued)
First Trust S&P 500
Economic Moat ETF (EMOT)
|
|
Year
Ended
9/30/2025
|
Period
Ended
9/30/2024 (a)
|
|
| ||
|
Net
asset value, beginning of period |
$21.22
|
$19.97
|
|
Income
from investment operations: |
|
|
|
Net
investment income (loss) (b) |
0.18
|
0.04
|
|
Net
realized and unrealized gain (loss) |
2.74
|
1.21
|
|
Total
from investment operations |
2.92
|
1.25
|
|
Distributions
paid to shareholders from: |
|
|
|
Net
investment income |
(0.18
)
|
—
|
|
Net
realized gain |
(0.00
) (c)
|
—
|
|
Total
distributions |
(0.18
)
|
—
|
|
Net
asset value, end of period |
$23.96
|
$21.22
|
|
Total
return (d) |
13.82
%
|
6.26
%
|
|
| ||
|
Ratios
to average net assets/supplemental data: |
|
|
|
Net
assets, end of period (in 000’s) |
$4,792
|
$3,183
|
|
Ratio
of total expenses to average net assets |
0.61
% (e)
|
0.60
% (f)
|
|
Ratio
of net investment income (loss) to average net assets |
0.82
%
|
0.83
% (f)
|
|
Portfolio
turnover rate (g) |
18
%
|
0
%
|
|
(a)
|
Inception
date is June 26, 2024, which is consistent with the commencement of investment operations and is the date the initial creation units
were
established. |
|
(b)
|
Based
on average shares outstanding. |
|
(c)
|
Amount
represents less than $0.01. |
|
(d)
|
Total
return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all
distributions
at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not
reflect
the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is
calculated
for the time period presented and is not annualized for periods of less than a year. |
|
(e)
|
Includes
extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%. |
|
(f)
|
Annualized.
|
|
(g)
|
Portfolio
turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities
received
or delivered from processing creations or redemptions and in-kind transactions. |
See
Notes to Financial Statements
Page
76
Notes
to Financial Statements
First Trust Exchange-Traded
Fund VI
September 30, 2025
1. Organization
First Trust Exchange-Traded Fund
VI (the “Trust”) is an open-end management investment company organized as a Massachusetts business
trust on June 4, 2012, and is registered with the Securities and Exchange Commission under the Investment Company Act of 1940,
as amended (the “1940 Act”).
This report covers the sixteen
funds (each a “Fund” and collectively, the “Funds”) listed below, each listed and traded on Nasdaq, Inc. (“Nasdaq”)
with the exception of EMOT which is listed and traded on NYSE Arca, Inc.
|
First
Trust NASDAQ Technology Dividend Index Fund – (ticker “TDIV”) |
|
Multi-Asset
Diversified Income Index Fund – (ticker “MDIV”) |
|
First
Trust S&P International Dividend Aristocrats ETF – (ticker “FID”) |
|
First
Trust Rising Dividend Achievers ETF – (ticker “RDVY”) |
|
First
Trust Dorsey Wright Focus 5 ETF – (ticker “FV”) |
|
First
Trust Dorsey Wright Momentum & Dividend ETF – (ticker “DDIV”) |
|
First
Trust RBA American Industrial Renaissance®
ETF – (ticker “AIRR”) |
|
First
Trust Dorsey Wright International Focus 5 ETF – (ticker “IFV”) |
|
First
Trust Dorsey Wright Dynamic Focus 5 ETF – (ticker “FVC”) |
|
First
Trust SMID Cap Rising Dividend Achievers ETF – (ticker “SDVY”) |
|
First
Trust Indxx Innovative Transaction & Process ETF – (ticker “LEGR”) |
|
First
Trust Nasdaq Artificial Intelligence and Robotics ETF – (ticker “ROBT”) |
|
First
Trust Dorsey Wright Momentum & Low Volatility ETF – (ticker “DVOL”) |
|
First
Trust Dorsey Wright Momentum & Value ETF – (ticker “DVLU”) |
|
First
Trust International Developed Capital Strength®
ETF – (ticker “FICS”) |
|
First
Trust S&P 500 Economic Moat ETF – (ticker “EMOT”) |
Each of TDIV and EMOT operates
as a non-diversified series of the Trust. Each of MDIV, FID, RDVY, FV, DDIV, AIRR, IFV, FVC,
SDVY, LEGR, ROBT, DVOL, DVLU and FICS operates as a diversified open-end management investment company as defined
in Section 5(b) of the 1940 Act. Each Fund represents a separate series of shares of beneficial interest in the Trust. Unlike conventional
mutual funds, each Fund issues and redeems shares on a continuous basis, at net asset value (“NAV”), only in large blocks
of shares known as “Creation Units.” The investment objective of each Fund is to seek investment results that correspond generally
to the price and yield (before the Fund’s fees and expenses) of the following indices:
Page
77
Notes
to Financial Statements (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025
2. Significant
Accounting Policies
The Funds are each considered
an investment company and follow accounting and reporting guidance under Financial Accounting Standards
Board (“FASB”) Accounting Standards Codification Topic 946, “Financial Services-Investment Companies.” The following
is a summary of significant accounting policies consistently followed by the Funds in the preparation of the financial statements.
The preparation of the financial statements in accordance with accounting principles generally accepted in the United
States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts and
disclosures in the financial statements. Actual results could differ from those estimates.
A. Portfolio
Valuation
Each Fund’s NAV is determined
daily as of the close of regular trading on the New York Stock Exchange (“NYSE”), normally 4:00
p.m. Eastern time, on each day the NYSE is open for trading. If the NYSE closes early on a valuation day, the NAV is determined
as of that time. Foreign securities are priced using data reflecting the earlier closing of the principal markets for those securities.
Each Fund’s NAV is calculated by dividing the value of all assets of each Fund (including accrued interest and dividends), less
all liabilities (including accrued expenses and dividends declared but unpaid), by the total number of shares outstanding.
Each Fund’s investments
are valued daily at market value or, in the absence of market value with respect to any portfolio securities, at fair
value. Market value prices represent readily available market quotations such as last sale or official closing prices from a national
or foreign exchange (i.e., a regulated market) and
are primarily obtained from third-party pricing services. Fair value prices represent any
prices not considered market value prices and are either obtained from a third-party pricing service or are determined by the Pricing
Committee of the Funds’ investment advisor, First Trust Advisors L.P. (“First Trust” or the “Advisor”),
in accordance with valuation procedures approved by
the Trust’s Board of Trustees, and in accordance with provisions of the 1940 Act and rules thereunder.
Investments valued by the Advisor’s Pricing Committee, if any, are footnoted as such in the footnotes to the Portfolio of Investments.
Each Fund’s investments are valued as follows:
Common stocks, preferred stocks,
master limited partnerships (“MLPs”), real estate investment trusts (“REITs”), exchange-traded
funds, and other equity securities listed on any national or foreign exchange (excluding Nasdaq and the London Stock Exchange
Alternative Investment Market (“AIM”)) are valued at the last sale price on the exchange on which they are principally
traded or, for Nasdaq and AIM securities, the official closing price. Securities traded on more than one securities exchange
are valued at the last sale price or official closing price, as applicable, at the close of the securities exchange representing
the primary exchange for such securities.
Securities trading on foreign
exchanges or over-the-counter markets that close prior to the NYSE close may be valued using a systematic
fair valuation model provided by a third-party pricing service. If these foreign securities meet certain criteria in relation
to the valuation model, their valuation is systematically adjusted to reflect the impact of movement in the U.S. market after
the close of the foreign markets.
Shares of open-end funds are
valued based on NAV per share.
Equity securities traded in an
over-the-counter market are valued at the close price or the last trade price.
Overnight repurchase agreements
are valued at amortized cost when it represents the most appropriate reflection of fair market value.
Fixed income and other debt securities
having a remaining maturity of sixty days or less when purchased are fair valued at cost adjusted
for amortization of premiums and accretion of discounts (amortized cost), provided the Advisor’s Pricing Committee has
determined that the use of amortized cost is an appropriate reflection of fair value given market and issuer-specific conditions
existing at the time of the determination. Factors that may be considered in determining the appropriateness of the use of
amortized cost include, but are not limited to, the following:
1)
the
credit conditions in the relevant market and changes thereto;
2)
the
liquidity conditions in the relevant market and changes thereto;
3)
the
interest rate conditions in the relevant market and changes thereto (such as significant changes in interest rates);
4)
issuer-specific
conditions (such as significant credit deterioration); and
5)
any
other market-based data the Advisor’s Pricing Committee considers relevant. In this regard, the Advisor’s Pricing Committee
may use last-obtained market-based data to assist it when valuing portfolio securities using amortized cost.
Page
78
Notes
to Financial Statements (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025
Certain securities
may not be able to be priced by pre-established pricing methods. Such securities may be valued by the Advisor’s Pricing
Committee at fair value. These securities generally include, but are not limited to, restricted securities (securities which may not
be publicly sold without registration under the Securities Act of 1933, as amended) for which a third-party pricing service is unable
to provide a market price; securities whose trading has been formally suspended; a security whose market or fair value price is not
available from a pre-established pricing source; a security with respect to which an event has occurred that is likely to materially affect
the value of the security after the market has closed but before the calculation of a Fund’s NAV or make it difficult or impossible
to obtain a reliable market quotation; and a security whose price, as provided by the third-party pricing service, does not reflect
the security’s fair value. As a general principle, the current fair value of a security would appear to be the amount which the
owner might reasonably expect to receive for the security
upon its current sale. When fair value prices are used, generally they will differ
from market quotations or official closing prices on the applicable exchanges. A variety of factors may be considered in determining
the fair value of such securities, including, but not limited to, the following:
1)
the
last sale price on the exchange on which they are principally traded or, for Nasdaq and AIM securities, the official closing
price;
2)
the
type of security;
3)
the
size of the holding;
4)
the
initial cost of the security;
5)
transactions
in comparable securities;
6)
price
quotes from dealers and/or third-party pricing services;
7)
relationships
among various securities;
8)
information
obtained by contacting the issuer, analysts, or the appropriate stock exchange;
9)
an
analysis of the issuer’s financial statements;
10)
the
existence of merger proposals or tender offers that might affect the value of the security; and
11)
other
relevant factors.
If the securities in question
are foreign securities, the following additional information may be considered:
1)
the
last sale price on the exchange on which they are principally traded;
2)
the
value of similar foreign securities traded on other foreign markets;
3)
ADR
trading of similar securities;
4)
closed-end
fund or exchange-traded fund trading of similar securities;
5)
foreign
currency exchange activity;
6)
the
trading prices of financial products that are tied to baskets of foreign securities;
7)
factors
relating to the event that precipitated the pricing problem;
8)
whether
the event is likely to recur;
9)
whether
the effects of the event are isolated or whether they affect entire markets, countries or regions; and
10)
other
relevant factors.
In addition, differences between
the prices used to calculate a Fund’s NAV and the prices used by such Fund’s corresponding index could
result in a difference between a Fund’s performance and the performance of its underlying index.
Because foreign markets may be
open on different days than the days during which investors may transact in the shares of a Fund, the value
of the Fund’s securities may change on the days when investors are not able to transact in the shares of the Fund. The value of
the securities denominated in foreign currencies is
converted into U.S. dollars using exchange rates determined daily as of the close of regular
trading on the NYSE. Any use of a different rate from the rates used by a relevant index may adversely affect the Fund’s ability
to track the index.
The Funds are subject to fair
value accounting standards that define fair value, establish the framework for measuring fair value and provide
a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the
fair value hierarchy are as follows:
Page
79
Notes
to Financial Statements (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025
• Level
1 – Level 1 inputs are quoted prices in active markets for identical investments. An active market is a market in which transactions
for the investment occur with sufficient frequency and volume to provide pricing information on an ongoing basis.
• Level
2 – Level 2 inputs are observable inputs, either directly or indirectly, and include the following:
o Quoted
prices for similar investments in active markets.
o Quoted
prices for identical or similar investments in markets that are non-active. A non-active market is a market where there
are few transactions for the investment, the prices are not current, or price quotations vary substantially either over time
or among market makers, or in which little information is released publicly.
o Inputs
other than quoted prices that are observable for the investment (for example, interest rates and yield curves observable
at commonly quoted intervals, volatilities, prepayment speeds, loss severities, credit risks, and default rates).
o Inputs
that are derived principally from or corroborated by observable market data by correlation or other means.
• Level
3 – Level 3 inputs are unobservable inputs. Unobservable inputs may reflect the reporting entity’s own assumptions about
the assumptions that market participants would use in pricing the investment.
The inputs or methodologies used
for valuing investments are not necessarily an indication of the risk associated with investing in those
investments. A summary of the inputs used to value each Fund’s investments as of September 30, 2025, is included with each Fund’s
Portfolio of Investments.
B. Securities
Transactions and Investment Income
Securities transactions are recorded
as of the trade date. Realized gains and losses from securities transactions are recorded on the identified
cost basis. Dividend income is recorded on the ex-dividend date except that certain dividends from foreign securities are recorded
as soon as the information becomes available after the ex-dividend date. Interest income is recorded daily on the accrual basis.
Withholding taxes and tax reclaims
on foreign dividends have been provided for in accordance with each Fund’s understanding of the applicable
country’s tax rules and rates.
Distributions received from a
Fund’s investments in MLPs generally are comprised of return of capital and investment income. A Fund
records estimated return of capital and investment income based on historical information available from each MLP. These estimates
may subsequently be revised based on information received from the MLPs after their tax reporting periods are concluded.
Distributions received from a
Fund’s investments in REITs may be comprised of return of capital, capital gains, and income. The actual
character of the amounts received during the year are not known until after the REITs’ fiscal year end. A Fund records the character
of distributions received from the REITs during the year based on estimates available. The characterization of distributions received
by a Fund may be subsequently revised based on information received from the REITs after their tax reporting periods conclude.
C. Offsetting
on the Statements of Assets and Liabilities
Offsetting assets and liabilities
requires entities to disclose both gross and net information about instruments and transactions eligible for
offset on the Statements of Assets and Liabilities and disclose instruments and transactions subject to master netting or similar agreements.
These disclosure requirements are intended to help investors and other financial statement users better assess the effect or potential
effect of offsetting arrangements on a Fund’s financial position. The transactions subject to offsetting disclosures are derivative
instruments, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions.
This disclosure, if applicable,
is included within each Fund’s Portfolio of Investments under the heading “Offsetting Assets and Liabilities.”
For financial reporting purposes, the Funds do not offset financial assets and financial liabilities that are subject to master netting
arrangements (“MNAs”) or similar agreements on the Statements of Assets and Liabilities. MNAs provide the right, in the event
of default (including bankruptcy and insolvency), for the non-defaulting counterparty to liquidate the collateral and calculate the net
exposure to the defaulting party or request additional collateral.
D. Foreign
Currency
The books and records of the
Funds are maintained in U.S. dollars. Foreign currencies, investments and other assets and liabilities are translated
into U.S. dollars at the exchange rates prevailing at the end of the period. Purchases and sales of investments and items of
Page
80
Notes
to Financial Statements (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025
income and
expense are translated on the respective dates of such transactions. Unrealized gains and losses on assets and liabilities, other
than investments in securities, which result from changes in foreign currency exchange rates have been included in “Net change in
unrealized appreciation (depreciation) on foreign currency translation” on the Statements of Operations. Unrealized gains and losses
on investments in securities which result from changes
in foreign exchange rates are included with fluctuations arising from changes in
market price and are shown in “Net change in unrealized appreciation (depreciation) on investments” on the Statements of Operations.
Net realized foreign currency gains and losses include the effect of changes in exchange rates between trade date and settlement
date on investment security transactions, foreign currency transactions and interest and dividends received and are included in
“Net realized gain (loss) on foreign currency transactions” on the Statements of Operations. The portion of foreign currency
gains and losses related to fluctuations in exchange
rates between the initial purchase settlement date and subsequent sale trade date is included
in “Net realized gain (loss) on investments” on the Statements of Operations.
E. Affiliated
Transactions
MDIV, FV, IFV, and FVC invest
in securities of affiliated funds. Each Fund’s investment performance and risks are directly related to the
investment performance and risks of the affiliated funds. The affiliated funds’ financial statements may be found at SEC.gov. Dividend
income, if any, realized gains and losses, and change in appreciation (depreciation) from affiliated funds are presented on the Statements
of Operations.
Amounts relating to investments
in affiliated funds in MDIV at September 30, 2025, and for the fiscal year then ended are as follows:
Amounts relating to investments
in affiliated funds in FV at September 30, 2025, and for the fiscal year then ended are as follows:
|
Security
Name
|
Shares
at
9/30/2025
|
Value
at
9/30/2024
|
Purchases
|
Sales
|
Change
in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
at
9/30/2025
|
Dividend
Income
|
|
First
Trust
Consumer
Discretionary
AlphaDEX®
Fund
|
—
|
$714,658,465
|
$180,641,215
|
$(819,423,194
) |
$(155,123,216
) |
$79,246,730
|
$—
|
$3,868,773
|
|
First
Trust
Dow
Jones
Internet
Index
Fund
|
2,912,896
|
750,709,845
|
283,506,935
|
(438,268,700
) |
161,235,066
|
57,961,671
|
815,144,817
|
—
|
|
First
Trust
Financials
AlphaDEX®
Fund
|
12,710,760
|
—
|
1,077,546,915
|
(362,669,430
) |
64,741,445
|
(24,726,894
) |
754,892,036
|
9,531,530
|
|
First
Trust
Industrials/Producer
Durables
AlphaDEX®
Fund
|
9,587,901
|
772,216,452
|
278,153,915
|
(324,116,220
) |
3,343,211
|
18,834,194
|
748,431,552
|
5,631,665
|
|
First
Trust
Nasdaq
Semiconductor
ETF
|
—
|
781,027,470
|
561,882
|
(756,235,073
) |
(250,912,602
) |
225,558,323
|
—
|
1,379,913
|
Page
81
Notes
to Financial Statements (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025
|
Security
Name
|
Shares
at
9/30/2025
|
Value
at
9/30/2024
|
Purchases
|
Sales
|
Change
in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
at
9/30/2025
|
Dividend
Income
|
|
First
Trust
NASDAQ-
100
Ex-
Technology
Sector
Index
Fund
|
6,917,523
|
$—
|
$661,378,394
|
$(42,977,927
) |
$62,818,787
|
$3,150,666
|
$684,369,920
|
$2,159,068
|
|
First
Trust
NASDAQ-
100-
Technology
Sector
Index
Fund
|
—
|
755,315,794
|
296,848,436
|
(939,643,994
) |
(153,983,354
) |
41,463,118
|
—
|
33,160
|
|
First
Trust
Utilities
AlphaDEX®
Fund
|
15,410,032
|
—
|
872,582,056
|
(246,670,744
) |
76,642,591
|
(2,167,949
) |
700,385,954
|
7,423,356
|
|
|
|
$3,773,928,026
|
$3,651,219,748
|
$(3,930,005,282
) |
$(191,238,072
) |
$399,319,859
|
$3,703,224,279
|
$30,027,465
|
Amounts relating to investments
in affiliated funds in IFV at September 30, 2025, and for the fiscal year then ended are as follows:
Page
82
Notes
to Financial Statements (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025
Amounts relating
to investments in affiliated funds in FVC at September 30, 2025, and for the fiscal year then ended are as follows:
|
Security
Name |
Shares
at
9/30/2025
|
Value
at
9/30/2024
|
Purchases
|
Sales
|
Change
in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
(Loss)
|
Value
at
9/30/2025
|
Dividend
Income
|
|
First
Trust Consumer
Discretionary
AlphaDEX®
Fund |
—
|
$29,235,233
|
$3,714,325
|
$(31,845,318
) |
$(2,951,728
) |
$1,847,488
|
$—
|
$119,356
|
|
First
Trust Dow Jones
Internet
Index Fund |
41,958
|
30,710,054
|
11,329,101
|
(35,319,544
) |
(1,359,796
) |
6,381,712
|
11,741,527
|
—
|
|
First
Trust Enhanced
Short
Maturity ETF |
972,070
|
—
|
128,034,087
|
(69,867,971
) |
65,693
|
4,905
|
58,236,714
|
2,299,367
|
|
First
Trust Financials
AlphaDEX®
Fund |
183,089
|
—
|
39,670,414
|
(27,743,078
) |
712,708
|
(1,766,388
) |
10,873,656
|
161,142
|
|
First
Trust
Industrials/Producer
Durables
AlphaDEX®
Fund |
138,107
|
31,589,875
|
10,743,734
|
(30,857,130
) |
(3,090,208
) |
2,394,361
|
10,780,632
|
126,213
|
|
First
Trust Nasdaq
Semiconductor
ETF |
—
|
31,950,266
|
—
|
(30,931,061
) |
(4,764,548
) |
3,745,343
|
—
|
50,139
|
|
First
Trust NASDAQ-
100
Ex-Technology
Sector
Index Fund |
99,642
|
—
|
15,231,087
|
(6,043,835
) |
437,554
|
233,056
|
9,857,862
|
28,021
|
|
First
Trust NASDAQ-
100-Technology
Sector
Index Fund |
—
|
30,898,478
|
3,625,042
|
(32,314,826
) |
(2,888,610
) |
679,916
|
—
|
775
|
|
First
Trust Utilities
AlphaDEX®
Fund |
221,970
|
—
|
21,857,985
|
(12,471,653
) |
755,935
|
(53,731
) |
10,088,536
|
98,414
|
|
|
|
$154,383,906
|
$234,205,775
|
$(277,394,416
) |
$(13,083,000
) |
$13,466,662
|
$111,578,927
|
$2,883,427
|
F. Securities
Lending
The Funds may lend securities
representing up to 33 1/3% of the value of their total assets to broker-dealers, banks and other institutions
to generate additional income. When a Fund loans its portfolio securities, it will receive, at the inception of each loan, collateral
equal to at least 102% (for domestic securities) or 105% (for international securities) of the market value of the loaned securities.
The collateral amount is valued at the beginning of each business day and is compared to the market value of the loaned securities
from the prior business day to determine if additional collateral is required. If additional collateral is required, a request is sent
to the borrower. Securities lending involves the risk that the Fund may lose money because the borrower of the Fund’s loaned securities
fails to return the securities in a timely manner or at all. The Fund could also lose money in the event of (i) a decline in the value
of the collateral provided for the loaned securities, (ii) a decline in the value of any investments made with cash collateral or (iii)
an increase in the value of the loaned securities if
the borrower does not increase the collateral accordingly and the borrower fails to return
the securities. These events could also trigger adverse tax consequences for the Funds.
Under the Funds’ Securities
Lending Agency Agreement, the securities lending agent will generally bear the risk that a borrower may default
on its obligation to return loaned securities. The Bank of New York Mellon (“BNY”) acts as the Funds’ securities lending
agent and is responsible for executing the lending
of the portfolio securities to creditworthy borrowers. The Funds, however, will be responsible
for the risks associated with the investment of cash collateral. A Fund may lose money on its investment of cash collateral, which
may affect its ability to repay the collateral to the borrower without the use of other Fund assets. Each Fund that engages in securities
lending receives compensation (net of any rebate and securities lending agent fees) for lending its securities. Compensation can
be in the form of fees received from the securities lending agent or dividends or interest earned from the investment of cash collateral.
The fees received from the securities lending agent are accrued daily. The dividend and interest earned on the securities loaned
is accounted for in the same manner as other dividend and interest income. At September 30, 2025, AIRR, LEGR, and ROBT had
securities in the securities lending program. During the fiscal year ended September 30, 2025, AIRR, LEGR, and ROBT participated
in the securities lending program.
Page
83
Notes
to Financial Statements (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025
In the event
of a default by a borrower with respect to any loan, BNY will exercise any and all remedies provided under the applicable borrower
agreement to make the Funds whole. These remedies include purchasing replacement securities by applying the collateral held
from the defaulting broker against the purchase cost of the replacement securities. If, despite such efforts by BNY to exercise these
remedies, a Fund sustains losses as a result of a borrower’s default, BNY will indemnify the Fund by purchasing replacement securities
at its own expense, or paying the Fund an amount equal to the market value of the replacement securities, subject to certain limitations
which are set forth in detail in the Securities Lending Agency Agreement between the Trust on behalf of the Funds and BNY.
G. Repurchase
Agreements
Repurchase agreements involve
the purchase of securities subject to the seller’s agreement to repurchase the securities at a mutually agreed
upon date and price, under the terms of a Master Repurchase Agreement (“MRA”). During the term of a repurchase agreement,
the value of the underlying securities held as collateral
on behalf of a Fund, including accrued interest, is required to exceed the value of
the repurchase agreement, including accrued interest. The underlying securities for all repurchase agreements are held at the Funds’
custodian or designated sub-custodians under tri-party
repurchase agreements.
MRAs govern transactions between
a Fund and select counterparties. The MRAs contain provisions for, among other things, initiation, income
payments, events of default, and maintenance of collateral for repurchase agreements.
Repurchase agreements received
for lending securities are collateralized by U.S. Treasury securities. The U.S. Treasury securities are held
in a joint custody account at BNY on behalf of the Funds participating in the securities lending program. In the event the counterparty
defaults on the repurchase agreement, the U.S. Treasury securities can either be maintained as part of a Fund’s portfolio or
sold for cash. A Fund could suffer a loss to the extent that the proceeds from the sale of the underlying collateral held by the Fund
are less than the repurchase price and the Fund’s
costs associated with the delay and enforcement of the MRA.
While the Funds may invest in
repurchase agreements, any repurchase agreements held by the Funds during the fiscal year ended September
30, 2025, were received as collateral for lending securities.
H. Dividends
and Distributions to Shareholders
Dividends from net investment
income of each Fund, if any, are declared and paid quarterly, with the exception of MDIV which is declared
and paid monthly, or as the Board of Trustees may determine from time to time. Distributions of net realized capital gains earned
by each Fund, if any, are distributed at least annually. Each Fund may also designate a portion of the amount paid to redeeming shareholders
as a distribution for tax purposes.
Distributions from net investment
income and realized capital gains are determined in accordance with federal income tax regulations, which
may differ from U.S. GAAP. Certain capital accounts in the financial statements are periodically adjusted for permanent differences
in order to reflect their tax character. These permanent differences are primarily due to the varying treatment of income and
gain/loss on significantly modified portfolio securities held by the Funds and have no impact on net assets or NAV per share. Temporary
differences, which arise from recognizing certain items of income, expense and gain/loss in different periods for financial statement
and tax purposes, will reverse at some time in the future.
The tax character of distributions
paid by each Fund during the fiscal year ended September 30, 2025 were as follows:
|
|
Distributions
paid
from
Ordinary
Income
|
Distributions
paid
from
Capital
Gains
|
Distributions
paid
from
Return
of
Capital
|
|
First
Trust NASDAQ Technology Dividend Index Fund |
$48,073,023
|
$—
|
$—
|
|
Multi-Asset
Diversified Income Index Fund |
28,075,432
|
—
|
—
|
|
First
Trust S&P International Dividend Aristocrats ETF |
4,365,901
|
—
|
—
|
|
First
Trust Rising Dividend Achievers ETF |
199,259,427
|
—
|
—
|
|
First
Trust Dorsey Wright Focus 5 ETF |
18,414,330
|
—
|
—
|
|
First
Trust Dorsey Wright Momentum & Dividend ETF |
1,450,777
|
—
|
—
|
|
First
Trust RBA American Industrial Renaissance®
ETF |
9,374,755
|
—
|
—
|
|
First
Trust Dorsey Wright International Focus 5 ETF |
3,758,351
|
—
|
—
|
|
First
Trust Dorsey Wright Dynamic Focus 5 ETF |
2,196,306
|
—
|
—
|
Page
84
Notes
to Financial Statements (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025
|
|
Distributions
paid
from
Ordinary
Income
|
Distributions
paid
from
Capital
Gains
|
Distributions
paid
from
Return
of
Capital
|
|
First
Trust SMID Cap Rising Dividend Achievers ETF |
$124,118,861
|
$—
|
$—
|
|
First
Trust Indxx Innovative Transaction & Process ETF |
2,031,982
|
—
|
—
|
|
First
Trust Nasdaq Artificial Intelligence and Robotics ETF |
2,196,550
|
—
|
—
|
|
First
Trust Dorsey Wright Momentum & Low Volatility ETF |
586,670
|
—
|
—
|
|
First
Trust Dorsey Wright Momentum & Value ETF |
317,200
|
—
|
—
|
|
First
Trust International Developed Capital Strength®
ETF |
4,767,957
|
—
|
—
|
|
First
Trust S&P 500 Economic Moat ETF |
31,701
|
—
|
—
|
The tax character of distributions
paid by each Fund during the fiscal period ended September 30, 2024 were as follows:
|
|
Distributions
paid
from
Ordinary
Income
|
Distributions
paid
from
Capital
Gains
|
Distributions
paid
from
Return
of
Capital
|
|
First
Trust NASDAQ Technology Dividend Index Fund |
$44,002,035
|
$—
|
$—
|
|
Multi-Asset
Diversified Income Index Fund |
28,022,932
|
—
|
—
|
|
First
Trust S&P International Dividend Aristocrats ETF |
3,237,346
|
—
|
—
|
|
First
Trust Rising Dividend Achievers ETF |
192,223,542
|
—
|
—
|
|
First
Trust Dorsey Wright Focus 5 ETF |
5,963,670
|
—
|
—
|
|
First
Trust Dorsey Wright Momentum & Dividend ETF |
1,311,947
|
—
|
—
|
|
First
Trust RBA American Industrial Renaissance®
ETF |
2,130,376
|
—
|
—
|
|
First
Trust Dorsey Wright International Focus 5 ETF |
4,261,106
|
—
|
—
|
|
First
Trust Dorsey Wright Dynamic Focus 5 ETF |
2,486,081
|
—
|
—
|
|
First
Trust SMID Cap Rising Dividend Achievers ETF |
68,669,012
|
—
|
—
|
|
First
Trust Indxx Innovative Transaction & Process ETF |
2,543,302
|
—
|
—
|
|
First
Trust Nasdaq Artificial Intelligence and Robotics ETF |
1,354,840
|
—
|
—
|
|
First
Trust Dorsey Wright Momentum & Low Volatility ETF |
406,865
|
—
|
—
|
|
First
Trust Dorsey Wright Momentum & Value ETF |
302,515
|
—
|
—
|
|
First
Trust International Developed Capital Strength®
ETF |
1,977,261
|
—
|
—
|
|
First
Trust S&P 500 Economic Moat ETF |
—
|
—
|
—
|
Page
85
Notes
to Financial Statements (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025
As of September
30, 2025, the components of distributable earnings on a tax basis for each Fund were as follows:
|
|
Undistributed
Ordinary
Income
|
Accumulated
Capital
and
Other
Gain
(Loss) |
Net
Unrealized
Appreciation
(Depreciation)
|
|
First
Trust NASDAQ Technology Dividend Index Fund |
$4,736,375
|
$(271,807,290
) |
$1,122,097,873
|
|
Multi-Asset
Diversified Income Index Fund |
—
|
(232,670,005
) |
512,564
|
|
First
Trust S&P International Dividend Aristocrats ETF |
1,336,236
|
(7,974,969
) |
14,714,517
|
|
First
Trust Rising Dividend Achievers ETF |
2,681,688
|
(1,061,481,897
) |
2,570,423,761
|
|
First
Trust Dorsey Wright Focus 5 ETF |
323,545
|
(491,140,644
) |
752,305,712
|
|
First
Trust Dorsey Wright Momentum & Dividend ETF |
96,481
|
(26,511,392
) |
5,901,733
|
|
First
Trust RBA American Industrial Renaissance®
ETF |
—
|
(223,898,961
) |
899,606,210
|
|
First
Trust Dorsey Wright International Focus 5 ETF |
55,180
|
(155,414,058
) |
28,438,115
|
|
First
Trust Dorsey Wright Dynamic Focus 5 ETF |
306,448
|
(86,855,865
) |
4,937,536
|
|
First
Trust SMID Cap Rising Dividend Achievers ETF |
4,701,906
|
(685,436,134
) |
1,067,623,683
|
|
First
Trust Indxx Innovative Transaction & Process ETF |
161,323
|
(4,466,828
) |
18,454,945
|
|
First
Trust Nasdaq Artificial Intelligence and Robotics ETF |
—
|
(81,977,411
) |
66,331,513
|
|
First
Trust Dorsey Wright Momentum & Low Volatility ETF |
43,530
|
(21,661,156
) |
5,502,898
|
|
First
Trust Dorsey Wright Momentum & Value ETF |
17,015
|
(14,789,508
) |
5,784,579
|
|
First
Trust International Developed Capital Strength®
ETF |
—
|
(5,175,371
) |
14,522,068
|
|
First
Trust S&P 500 Economic Moat ETF |
4,938
|
(19,109
) |
353,398
|
I. Income
and Other Taxes
Each Fund intends to continue
to qualify as a regulated investment company by complying with the requirements under Subchapter M of
the Internal Revenue Code of 1986, as amended, which includes distributing substantially all of its net investment income and net realized
gains to shareholders. Accordingly, no provision has been made for federal and state income taxes. However, due to the timing
and amount of distributions, each Fund may be subject to an excise tax of 4% of the amount by which approximately 98% of each
Fund’s taxable income exceeds the distributions from such taxable income for the calendar year.
Certain countries assess a capital
gains tax on securities sold in their local markets. This tax is accrued as the securities in these foreign markets
appreciate in value and is paid at the time of sale to the extent a capital gain is realized. Taxes accrued on securities in an unrealized
appreciation position are included in “Net change in unrealized appreciation (depreciation) on deferred foreign capital gains tax”
on the Statements of Operations. The capital gains tax paid on securities sold, if any, is included in “Net realized gain (loss)
on foreign capital gains tax” on the Statements
of Operations.
Capital Gains.
India’s Finance Act, 2024 (“Finance Act, 2024”) was enacted into law on July 23, 2024, and amongst the other provisions,
it increased long-term and short-term capital gain rates on sales of Indian securities, effective that date. As per the amended
provisions, the long-term capital gains on the sale of listed shares (sold on a recognized stock exchange and where Securities Transaction
Tax (“STT”) is paid) in excess of INR 0.125 million are taxed at the rate of 12.5% (plus applicable surcharge and cess), increased
from 10% (plus applicable surcharge and cess), subject to satisfaction of certain conditions. As a grandfathering measure, the
cost of acquisition for the purpose of calculation of long-term capital asset acquired before February 1, 2018 shall be deemed to be the
higher of the following: (a) the actual cost of acquisition of such asset; and (b) lower of (i) the fair market value of such asset as
on January 31, 2018 and (ii) full value of consideration
as received on its transfer/disposal of the equity shares. The highest effective tax rate
on long-term capital gains earned by a Fund could be 14.95% in the case of a non-corporate entity and 13.65% in the case of a corporate
entity.
In the case of the sale of listed
shares (sold on a recognized stock exchange and where STT is paid) held by a Fund for one year or less,
the income is classified as short-term capital gains and is taxable at 20% (plus applicable surcharge and cess), increased from 15%
(plus applicable surcharge and cess), provided the shares are sold on the stock exchange and subjected to STT. The highest effective
tax rate on short-term capital gains earned by a Fund could be 23.92% in the case of a non-corporate entity and 21.84% in the case
of a corporate entity.
Page
86
Notes
to Financial Statements (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025
Short-term
capital loss can be set-off against both short-term capital gains and long-term capital gains. However, long-term capital loss can
be set-off only against long-term capital gains. The unabsorbed (remaining loss after setting off loss during the year against income
of the year) short-term and long-term capital loss can be carried forward for immediately succeeding 8 (eight) assessment years.
Buy back.
Finance Act, 2024 has amended the provisions for taxation of buyback of shares and provided that the gains arising on buyback
of shares will be considered as deemed dividend in the hands of the shareholder and taxed accordingly. (Prior to enactment of Finance
Act, 2024, the shareholders were exempt from tax on any income arising on buyback and distribution tax at the rate of 20% plus
applicable surcharge and cess was payable by the Indian Company on buyback of shares). Further, the cost of acquisition in relation
to buyback of shares shall be considered as capital loss in the hands of shareholder and the capital loss can be set off against the
capital gain income.
Where the sale of shares is outside
the stock exchange and not subject to STT, the long-term capital gains continue to be taxed at 10% (plus
applicable surcharge and cess) and short-term capital gains are taxed at 30% (plus applicable surcharge and cess).
Dividend income.
The dividend income earned by a Fund from Indian Companies shall be chargeable to tax at the rate of 20% (plus applicable
surcharge and cess). The highest effective tax rate on dividend income arising to a Fund could be 23.92% in the case of a non-corporate
entity and 21.84% in the case of a corporate entity. Note that a Fund will not obtain relief under the US-India tax treaty as
the treaty rate of 25% is higher than the domestic rate. Any excess taxes withheld can be offset against capital gains tax liability during
the year or claimed as a refund in the annual tax return.
Interest income.
Interest Income received from the Indian Investee Company shall be continued to be chargeable to tax at the rate of 20%
(plus applicable surcharge and cess).
Other income.
Any other income (other than capital gain, dividend, interest) earned by a Fund shall be chargeable to tax at the rate of 35%
(earlier taxable at the rate of 40%) (plus applicable surcharge and cess).
Please note that the above description
is based on current provisions of Indian law, and any change or modification made by subsequent
legislation, regulation, or administrative or judicial decision could increase the Indian tax liability of a Fund and thus reduce
the return to a Fund’s shareholders. There can be no assurance that the Indian tax authorities and/or regulators will not take a
position contrary to the views expressed herein. If
the Indian tax authorities and/or regulators take a position contrary to the views expressed
herein, adverse unpredictable consequences may follow.
The Funds are subject to accounting
standards that establish a minimum threshold for recognizing, and a system for measuring, the benefits
of a tax position taken or expected to be taken in a tax return. For all of the Funds except EMOT, the taxable years ended 2022,
2023, 2024, and 2025 remain open to federal and state audit. For EMOT, the taxable periods ended 2024 and 2025 remain open to
federal and state audit. As of September 30, 2025, management has evaluated the application of these standards to the Funds and has
determined that no provision for income tax is required in the Funds’ financial statements for uncertain tax positions.
Each Fund intends to utilize
provisions of the federal income tax laws, which allow it to carry a realized capital loss forward indefinitely
following the year of the loss and offset such loss against any future realized capital gains. Each Fund is subject to certain limitations
under U.S. tax rules on the use of capital loss carryforwards and net unrealized built-in losses. These limitations apply when
there has been a 50% change in ownership. At September 30, 2025, for federal income tax purposes, each applicable Fund had a capital
loss carryforward available that is shown in the following table, to the extent provided by regulations, to offset future capital gains.
To the extent that these loss carryforwards are used to offset future capital gains, it is probable that the capital gains so offset will
not be distributed to each applicable Fund’s shareholders.
|
|
Non-Expiring
Capital
Loss
Carryforwards
|
|
First
Trust NASDAQ Technology Dividend Index Fund |
$271,807,290
|
|
Multi-Asset
Diversified Income Index Fund |
232,670,005
|
|
First
Trust S&P International Dividend Aristocrats ETF |
7,974,969
|
|
First
Trust Rising Dividend Achievers ETF |
1,061,481,897
|
|
First
Trust Dorsey Wright Focus 5 ETF |
491,140,644
|
|
First
Trust Dorsey Wright Momentum & Dividend ETF |
26,511,392
|
Page
87
Notes
to Financial Statements (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025
|
|
Non-Expiring
Capital
Loss
Carryforwards
|
|
First
Trust RBA American Industrial Renaissance®
ETF |
$223,898,961
|
|
First
Trust Dorsey Wright International Focus 5 ETF |
155,414,058
|
|
First
Trust Dorsey Wright Dynamic Focus 5 ETF |
86,855,865
|
|
First
Trust SMID Cap Rising Dividend Achievers ETF |
685,436,134
|
|
First
Trust Indxx Innovative Transaction & Process ETF |
4,466,828
|
|
First
Trust Nasdaq Artificial Intelligence and Robotics ETF |
81,977,411
|
|
First
Trust Dorsey Wright Momentum & Low Volatility ETF |
21,661,156
|
|
First
Trust Dorsey Wright Momentum & Value ETF |
14,789,508
|
|
First
Trust International Developed Capital Strength®
ETF |
5,175,371
|
|
First
Trust S&P 500 Economic Moat ETF |
19,109
|
During the taxable year ended
September 30, 2025, the following Funds utilized capital loss carryforwards in the following amounts:
|
|
Capital
Loss
Utilized
|
|
Multi-Asset
Diversified Income Index Fund |
$11,914,582
|
|
First
Trust S&P International Dividend Aristocrats ETF |
3,041,344
|
|
First
Trust Dorsey Wright Focus 5 ETF |
232,244,574
|
|
First
Trust Dorsey Wright Momentum & Dividend ETF |
1,228,762
|
|
First
Trust Dorsey Wright International Focus 5 ETF |
8,773,526
|
|
First
Trust Dorsey Wright Dynamic Focus 5 ETF |
5,869,070
|
|
First
Trust Indxx Innovative Transaction & Process ETF |
48,539
|
|
First
Trust Dorsey Wright Momentum & Low Volatility ETF |
5,227,135
|
|
First
Trust International Developed Capital Strength®
ETF |
2,193,150
|
Certain losses realized during
the current fiscal year may be deferred and treated as occurring on the first day of the following fiscal year
for federal income tax purposes. For the fiscal year ended September 30, 2025, the Funds had no net late year ordinary or capital losses.
In order to present paid-in capital
and accumulated distributable earnings (loss) (which consists of accumulated net investment income (loss),
accumulated net realized gain (loss) on investments and net unrealized appreciation (depreciation) on investments) on the Statements
of Assets and Liabilities that more closely represent their tax character, certain adjustments have been made to paid-in capital,
accumulated net investment income (loss) and accumulated net realized gain (loss) on investments. These adjustments are primarily
due to the difference between book and tax treatments of income and gains on various investment securities held by the Funds
and in-kind transactions. The results of operations and net assets were not affected by these adjustments. For the fiscal year ended
September 30, 2025, the adjustments for each Fund were as follows:
|
|
Accumulated
Net Investment
Income
(Loss) |
Accumulated
Net Realized
Gain
(Loss)
on Investments
|
Paid-In
Capital
|
|
First
Trust NASDAQ Technology Dividend Index Fund |
$1,182,155
|
$(276,203,408
) |
$275,021,253
|
|
Multi-Asset
Diversified Income Index Fund |
5,279,306
|
(5,239,150
) |
(40,156
) |
|
First
Trust S&P International Dividend Aristocrats ETF |
427,226
|
(422,211
) |
(5,015
) |
|
First
Trust Rising Dividend Achievers ETF |
—
|
(1,475,398,615
) |
1,475,398,615
|
|
First
Trust Dorsey Wright Focus 5 ETF |
—
|
(197,378,251
) |
197,378,251
|
|
First
Trust Dorsey Wright Momentum & Dividend ETF |
—
|
(4,732,581
) |
4,732,581
|
|
First
Trust RBA American Industrial Renaissance®
ETF |
390,963
|
(363,084,542
) |
362,693,579
|
|
First
Trust Dorsey Wright International Focus 5 ETF |
—
|
(11,046,109
) |
11,046,109
|
|
First
Trust Dorsey Wright Dynamic Focus 5 ETF |
—
|
(7,603,490
) |
7,603,490
|
|
First
Trust SMID Cap Rising Dividend Achievers ETF |
—
|
(419,440,580
) |
419,440,580
|
Page
88
Notes
to Financial Statements (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025
As of September 30, 2025, the
aggregate cost, gross unrealized appreciation, gross unrealized depreciation, and net unrealized appreciation/(depreciation)
on investments (including short positions and derivatives, if any) for federal income tax purposes were as follows:
|
|
Tax Cost
|
Gross
Unrealized
Appreciation
|
Gross
Unrealized
(Depreciation)
|
Net Unrealized
Appreciation
(Depreciation)
|
|
First
Trust NASDAQ Technology Dividend Index Fund |
$2,630,060,928
|
$1,236,383,027
|
$(114,277,802
) |
$1,122,105,225
|
|
Multi-Asset
Diversified Income Index Fund |
429,200,264
|
27,097,013
|
(26,584,449
) |
512,564
|
|
First
Trust S&P International Dividend Aristocrats ETF |
105,165,311
|
16,714,644
|
(2,035,907
) |
14,678,737
|
|
First
Trust Rising Dividend Achievers ETF |
14,677,336,239
|
2,882,656,334
|
(312,232,573
) |
2,570,423,761
|
|
First
Trust Dorsey Wright Focus 5 ETF |
2,957,557,606
|
752,938,661
|
(632,949
) |
752,305,712
|
|
First
Trust Dorsey Wright Momentum & Dividend ETF |
60,385,095
|
6,613,580
|
(711,847
) |
5,901,733
|
|
First
Trust RBA American Industrial Renaissance®
ETF |
4,705,366,755
|
1,121,448,400
|
(221,842,190
) |
899,606,210
|
|
First
Trust Dorsey Wright International Focus 5 ETF |
146,767,951
|
28,583,693
|
(145,578
) |
28,438,115
|
|
First
Trust Dorsey Wright Dynamic Focus 5 ETF |
106,721,923
|
5,403,269
|
(465,733
) |
4,937,536
|
|
First
Trust SMID Cap Rising Dividend Achievers ETF |
7,890,848,945
|
1,286,210,528
|
(218,586,845
) |
1,067,623,683
|
|
First
Trust Indxx Innovative Transaction & Process ETF |
98,955,735
|
27,775,062
|
(9,333,571
) |
18,441,491
|
|
First
Trust Nasdaq Artificial Intelligence and Robotics
ETF
|
596,970,976
|
122,102,070
|
(55,786,788
) |
66,315,282
|
|
First
Trust Dorsey Wright Momentum & Low Volatility
ETF
|
84,842,280
|
6,695,384
|
(1,192,486
) |
5,502,898
|
|
First
Trust Dorsey Wright Momentum & Value ETF |
27,816,596
|
6,134,358
|
(349,779
) |
5,784,579
|
|
First
Trust International Developed Capital Strength®
ETF
|
199,264,361
|
23,318,066
|
(8,841,695
) |
14,476,371
|
|
First
Trust S&P 500 Economic Moat ETF |
4,433,939
|
603,414
|
(250,016
) |
353,398
|
J. Expenses
Expenses that are directly related
to the Funds are charged to First Trust pursuant to the Investment Management Agreement, with the exception
of advisory fees, distribution and service fees pursuant to a Rule 12b-1 plan, if any, brokerage expenses, pro rata share of fees
and expenses attributable to investments in other investment companies (“acquired fund fees and expenses”), taxes, interest,
and extraordinary expenses, which are paid by each
respective Fund. See Note 3
relating to a reduction in MDIV’s annual unitary management
fee. Expenses, other than the investment advisory fee and other excluded expenses, are paid by the Advisor.
First Trust has entered into
licensing agreements with each of the following “Licensors” for the respective Funds:
|
Fund
|
Licensor
|
|
First
Trust NASDAQ Technology Dividend Index Fund |
Nasdaq,
Inc. |
|
Multi-Asset
Diversified Income Index Fund |
Nasdaq,
Inc. |
|
First
Trust S&P International Dividend Aristocrats ETF |
S&P
Dow Jones Indices, LLC |
|
First
Trust Rising Dividend Achievers ETF |
Nasdaq,
Inc. |
|
First
Trust Dorsey Wright Focus 5 ETF |
Dorsey,
Wright & Associates, LLC |
|
First
Trust Dorsey Wright Momentum & Dividend ETF |
Nasdaq,
Inc. |
|
First
Trust RBA American Industrial Renaissance®
ETF |
Richard
Bernstein Advisors LLC |
Page
89
Notes
to Financial Statements (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025
|
Fund
|
Licensor
|
|
First
Trust Dorsey Wright International Focus 5 ETF |
Dorsey,
Wright & Associates, LLC |
|
First
Trust Dorsey Wright Dynamic Focus 5 ETF |
Dorsey,
Wright & Associates, LLC |
|
First
Trust SMID Cap Rising Dividend Achievers ETF |
Nasdaq,
Inc. |
|
First
Trust Indxx Innovative Transaction & Process ETF |
Indxx,
Inc. |
|
First
Trust Nasdaq Artificial Intelligence and Robotics ETF |
Nasdaq,
Inc. |
|
First
Trust Dorsey Wright Momentum & Low Volatility ETF |
Nasdaq,
Inc. |
|
First
Trust Dorsey Wright Momentum & Value ETF |
Nasdaq,
Inc. |
|
First
Trust International Developed Capital Strength®
ETF |
Nasdaq,
Inc. |
|
First
Trust S&P 500 Economic Moat ETF |
S&P
Dow Jones Indices, LLC |
The respective license agreements
allow for the use by First Trust of each Fund’s respective index and of certain trademarks and trade names
of the respective Licensor. The Funds are sub-licensees to the applicable license agreements.
K. Segment
Reporting
Each Fund has adopted FASB Accounting
Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment
Disclosures. Adoption of the standard impacted financial statement disclosures only and did not affect each Fund’s financial position
or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business
activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public
entity’s chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and
assess its performance, and has discrete financial
information available. The CODM is the President and Chief Executive Officer of each Fund.
Each Fund operates as a single operating segment. Each Fund’s income, expenses, assets, changes in net assets resulting from operations
and performance are regularly monitored and assessed as a whole by the CODM responsible for oversight functions of each Fund,
using the information presented in the financial statements and financial highlights.
3. Investment
Advisory Fee, Affiliated Transactions and Other Fee Arrangements
First Trust, the investment advisor
to the Funds, is a limited partnership with one limited partner, Grace Partners of DuPage L.P., and one
general partner, The Charger Corporation. The Charger Corporation is an Illinois corporation controlled by James A. Bowen, Chief
Executive Officer of First Trust. First Trust is responsible for the selection and ongoing monitoring of the securities in each Fund’s
portfolio, managing the Funds’ business affairs and providing certain administrative services necessary for the management of the
Funds.
First Trust is responsible for
the expenses of each Fund including the cost of transfer agency, custody, fund administration, licensing fees,
legal, audit and other services, but excluding fee payments under the Investment Management Agreement, interest, taxes, brokerage
commissions and other expenses associated with the execution of portfolio transactions, acquired fund fees and expenses, distribution
and service fees pursuant to a Rule 12b-1 plan, if any, and extraordinary expenses, which are paid by each respective Fund.
The annual unitary management fee payable by each Fund to First Trust for these services will be reduced at certain levels of each
Fund’s net assets (“breakpoints”) and calculated pursuant to the following schedules:
|
Breakpoints
|
TDIV
|
RDVY
|
FV
|
DDIV
|
|
Fund
net assets up to and including $2.5 billion |
0.5000
% |
0.5000
% |
0.3000
% |
0.600
% |
|
Fund
net assets greater than $2.5 billion up to and including $5 billion |
0.4875
% |
0.4875
% |
0.2925
% |
0.585
% |
|
Fund
net assets greater than $5 billion up to and including $7.5 billion |
0.4750
% |
0.4750
% |
0.2850
% |
0.570
% |
|
Fund
net assets greater than $7.5 billion up to and including $10 billion |
0.4625
% |
0.4625
% |
0.2775
% |
0.555
% |
|
Fund
net assets greater than $10 billion up to and including $15 billion |
0.4500
% |
0.4500
% |
0.2700
% |
0.540
% |
|
Fund
net assets greater than $15 billion |
0.4250
% |
0.4250
% |
0.2550
% |
0.510
% |
|
Breakpoints
|
AIRR
|
IFV
|
FVC
|
SDVY
|
|
Fund
net assets up to and including $2.5 billion |
0.7000
% |
0.3000
% |
0.3000
% |
0.600
% |
|
Fund
net assets greater than $2.5 billion up to and including $5 billion |
0.6825
% |
0.2925
% |
0.2925
% |
0.585
% |
|
Fund
net assets greater than $5 billion up to and including $7.5 billion |
0.6650
% |
0.2850
% |
0.2850
% |
0.570
% |
|
Fund
net assets greater than $7.5 billion up to and including $10 billion |
0.6475
% |
0.2775
% |
0.2775
% |
0.555
% |
|
Fund
net assets greater than $10 billion up to and including $15 billion |
0.6300
% |
0.2700
% |
0.2700
% |
0.540
% |
|
Fund
net assets greater than $15 billion |
0.5950
% |
0.2550
% |
0.2550
% |
0.510
% |
Page
90
Notes
to Financial Statements (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025
|
Breakpoints
|
DVOL
|
DVLU
|
EMOT
|
|
Fund
net assets up to and including $2.5 billion |
0.600
% |
0.600
% |
0.600
% |
|
Fund
net assets greater than $2.5 billion up to and including $5 billion |
0.585
% |
0.585
% |
0.585
% |
|
Fund
net assets greater than $5 billion up to and including $7.5 billion |
0.570
% |
0.570
% |
0.570
% |
|
Fund
net assets greater than $7.5 billion up to and including $10 billion |
0.555
% |
0.555
% |
0.555
% |
|
Fund
net assets greater than $10 billion up to and including $15 billion |
0.540
% |
0.540
% |
0.540
% |
|
Fund
net assets greater than $15 billion |
0.510
% |
0.510
% |
0.510
% |
|
Breakpoints
|
MDIV
|
FID
|
|
Fund
net assets up to and including $2.5 billion |
0.600
% |
0.600
% |
|
Fund
net assets greater than $2.5 billion up to and including $5 billion |
0.585
% |
0.585
% |
|
Fund
net assets greater than $5 billion up to and including $7.5 billion |
0.570
% |
0.570
% |
|
Fund
net assets greater than $7.5 billion up to and including $10 billion |
0.555
% |
0.555
% |
|
Fund
net assets greater than $10 billion |
0.540
% |
0.540
% |
|
Breakpoints
|
LEGR
|
ROBT
|
FICS
|
|
Fund
net assets up to and including $2.5 billion |
0.65000
% |
0.65000
% |
0.7000
% |
|
Fund
net assets greater than $2.5 billion up to and including $5 billion |
0.63375
% |
0.63375
% |
0.6825
% |
|
Fund
net assets greater than $5 billion up to and including $7.5 billion |
0.61750
% |
0.61750
% |
0.6650
% |
|
Fund
net assets greater than $7.5 billion up to and including $10 billion |
0.60125
% |
0.60125
% |
0.6475
% |
|
Fund
net assets greater than $10 billion |
0.58500
% |
0.58500
% |
0.6300
% |
In addition, MDIV, FV, IFV,
and FVC incur pro rata share of fees and acquired fund fees and expenses. The total of the unitary management
fee and acquired fund fees and expenses represents each Fund’s total annual operating expenses.
Pursuant to a contractual agreement
between the Trust, on behalf of MDIV, and First Trust, the management fees paid to First Trust will
be reduced by the proportional amount of the management fees earned by MDIV on assets invested in other investment companies
advised by First Trust. This contractual agreement shall continue until the earlier of (i) its termination at the direction of the Trust’s
Board of Trustees or (ii) the termination of MDIV’s investment management agreement with First Trust; however, it is expected
to remain in place at least until January 31, 2027. First Trust does not have the right to recover the waived fees on the shares of
investment companies advised by First Trust. For the fiscal year ended September 30, 2025, MDIV waived $538,853 of management
fees.
The Trust has multiple service
agreements with BNY. Under the service agreements, BNY performs custodial, fund accounting, certain
administrative services, and transfer agency services for each Fund. As custodian, BNY is responsible for custody of each Fund’s
assets. As fund accountant and administrator, BNY is responsible for maintaining the books and records of each Fund’s securities
and cash. As transfer agent, BNY is responsible for maintaining shareholder records for each Fund. BNY is a subsidiary of The
Bank of New York Mellon Corporation, a financial holding company.
Each Trustee who is not an officer
or employee of First Trust, any sub-advisor or any of their affiliates (“Independent Trustees”) is paid
a fixed annual retainer that is allocated equally among each fund in the First Trust Fund Complex. Each Independent Trustee is also
paid an annual per fund fee that varies based on whether the fund is a closed-end or other actively managed fund, a target outcome
fund or an index fund.
Additionally, the Chairs of the
Audit Committee, Nominating and Governance Committee and Valuation Committee, the Vice Chair of
the Audit Committee, the Lead Independent Trustee and the Vice Lead Independent Trustee are paid annual fees to serve in such capacities,
with such compensation allocated pro rata among each fund in the First Trust Fund Complex based on net assets. Independent
Trustees are reimbursed for travel and out-of-pocket expenses in connection with all meetings. The Committee Chairs, the
Audit Committee Vice Chair, the Lead Independent Trustee and the Vice Lead Independent Trustee rotate periodically in serving in
such capacities. The officers and “Interested” Trustee receive no compensation from the Trust for acting in such capacities.
Page
91
Notes
to Financial Statements (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025
4. Purchases
and Sales of Securities
For the fiscal year ended September
30, 2025, the cost of purchases and proceeds from sales of investments for each Fund, excluding short-term
investments and in-kind transactions, were as follows:
|
|
Purchases
|
Sales
|
|
First
Trust NASDAQ Technology Dividend Index Fund |
$715,501,060
|
$713,939,103
|
|
Multi-Asset
Diversified Income Index Fund |
301,047,876
|
301,024,127
|
|
First
Trust S&P International Dividend Aristocrats ETF |
53,148,939
|
46,797,798
|
|
First
Trust Rising Dividend Achievers ETF |
9,779,992,652
|
9,766,650,702
|
|
First
Trust Dorsey Wright Focus 5 ETF |
2,249,721,918
|
2,253,110,461
|
|
First
Trust Dorsey Wright Momentum & Dividend ETF |
108,718,857
|
108,441,550
|
|
First
Trust RBA American Industrial Renaissance®
ETF |
2,080,589,874
|
2,081,509,958
|
|
First
Trust Dorsey Wright International Focus 5 ETF |
118,890,575
|
118,809,110
|
|
First
Trust Dorsey Wright Dynamic Focus 5 ETF |
221,837,712
|
221,794,040
|
|
First
Trust SMID Cap Rising Dividend Achievers ETF |
6,714,126,390
|
6,705,778,167
|
|
First
Trust Indxx Innovative Transaction & Process ETF |
15,244,755
|
14,753,782
|
|
First
Trust Nasdaq Artificial Intelligence and Robotics ETF |
248,366,477
|
246,649,692
|
|
First
Trust Dorsey Wright Momentum & Low Volatility ETF |
97,844,862
|
97,623,779
|
|
First
Trust Dorsey Wright Momentum & Value ETF |
56,977,002
|
56,968,278
|
|
First
Trust International Developed Capital Strength®
ETF |
96,598,166
|
97,722,464
|
|
First
Trust S&P 500 Economic Moat ETF |
739,952
|
735,440
|
For the fiscal year ended September
30, 2025, the cost of in-kind purchases and proceeds from in-kind sales for each Fund were as follows:
|
|
Purchases
|
Sales
|
|
First
Trust NASDAQ Technology Dividend Index Fund |
$741,350,576
|
$542,174,477
|
|
Multi-Asset
Diversified Income Index Fund |
60,355,926
|
54,079,702
|
|
First
Trust S&P International Dividend Aristocrats ETF |
19,690,589
|
—
|
|
First
Trust Rising Dividend Achievers ETF |
9,927,106,546
|
6,703,204,648
|
|
First
Trust Dorsey Wright Focus 5 ETF |
1,401,497,830
|
1,676,894,821
|
|
First
Trust Dorsey Wright Momentum & Dividend ETF |
36,770,821
|
35,934,380
|
|
First
Trust RBA American Industrial Renaissance®
ETF |
4,630,563,045
|
1,693,761,492
|
|
First
Trust Dorsey Wright International Focus 5 ETF |
51,682,730
|
89,173,695
|
|
First
Trust Dorsey Wright Dynamic Focus 5 ETF |
12,368,063
|
55,600,376
|
|
First
Trust SMID Cap Rising Dividend Achievers ETF |
4,798,378,601
|
2,239,156,555
|
|
First
Trust Indxx Innovative Transaction & Process ETF |
13,655,047
|
22,967,298
|
|
First
Trust Nasdaq Artificial Intelligence and Robotics ETF |
95,622,364
|
35,568,557
|
|
First
Trust Dorsey Wright Momentum & Low Volatility ETF |
45,099,473
|
10,388,402
|
|
First
Trust Dorsey Wright Momentum & Value ETF |
9,120,555
|
10,697,066
|
|
First
Trust International Developed Capital Strength®
ETF |
103,890,711
|
49,958,905
|
|
First
Trust S&P 500 Economic Moat ETF |
3,200,750
|
2,162,371
|
5. Creations,
Redemptions and Transaction Fees
Each Fund generally issues and
redeems its shares in primary market transactions through a creation and redemption mechanism and does
not sell or redeem individual shares. Instead, financial entities known as “Authorized Participants” have contractual arrangements
with a Fund or one of the Fund’s service providers
to purchase and redeem Fund shares directly with the Fund in Creation Units. Prior to
the start of trading on every business day, a Fund publishes through the National Securities Clearing Corporation the “basket”
of securities, cash or other assets that it will accept
in exchange for a Creation Unit of the Fund’s shares. An Authorized Participant that wishes
to effectuate a creation of a Fund’s shares deposits with the Fund the “basket” of securities, cash or other assets
identified by the Fund that day, and then receives
the Creation Unit of the Fund’s shares in return for those assets. After purchasing a Creation Unit, the
Authorized Participant may continue to hold the Fund’s shares or sell them in the secondary market. The redemption process is the
reverse of the purchase process:
the Authorized Participant redeems a Creation Unit
of a Fund’s shares for a basket of securities, cash
Page
92
Notes
to Financial Statements (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025
or other
assets. The combination of the creation and redemption process with secondary market trading in a Fund’s shares and underlying
securities provides arbitrage opportunities that are designed to help keep the market price of a Fund’s shares at or close to the
NAV per share of the Fund.
Each Fund imposes fees in connection
with the purchase of Creation Units. These fees may vary based upon various fact-based circumstances,
including, but not limited to, the composition of the securities included in the Creation Unit or the countries in which the
transactions are settled. The price for each Creation Unit will equal the daily NAV per share of a Fund times the number of shares in
a Creation Unit, plus the fees described above and, if applicable, any operational processing and brokerage costs, transfer fees, stamp
taxes and part or all of the spread between the expected bid and offer side of the market related to the securities comprising the creation
basket.
Each Fund also imposes fees in
connection with the redemption of Creation Units. These fees may vary based upon various fact-based circumstances,
including, but not limited to, the composition of the securities included in the Creation Unit or the countries in which the
transactions are settled. The price received for each Creation Unit will equal the daily NAV per share of a Fund times the number of
shares in a Creation Unit, minus the fees described above and, if applicable, any operational processing and brokerage costs, transfer
fees, stamp taxes and part or all of the spread between the expected bid and offer side of the market related to the securities comprising
the redemption basket. Investors who use the services of a broker or other such intermediary in addition to an Authorized Participant
to effect a redemption of a Creation Unit may also be assessed an amount to cover the cost of such services. The redemption
fee charged by a Fund will comply with Rule 22c-2 of the 1940 Act which limits redemption fees to no more than 2% of the
value of the shares redeemed.
6. Distribution
Plan
The Board of Trustees adopted
a Distribution and Service Plan pursuant to Rule 12b-1 under the 1940 Act. In accordance with the Rule
12b-1 plan, the Funds are authorized to pay an amount up to 0.25% of their average daily net assets each year to reimburse First Trust
Portfolios L.P. (“FTP”), the distributor of the Funds, for amounts expended to finance activities primarily intended to result
in the sale of Creation Units or the provision of investor
services. FTP may also use this amount to compensate securities dealers or other persons
that are Authorized Participants for providing distribution assistance, including broker-dealer and shareholder support and educational
and promotional services.
No 12b-1 fees are currently paid
by the Funds, and pursuant to a contractual arrangement, no 12b-1 fees will be paid any time before January
31, 2027.
7. Indemnification
The Trust, on behalf of the Funds,
has a variety of indemnification obligations under contracts with its service providers. The Trust’s maximum
exposure under these arrangements is unknown. However, the Trust has not had prior claims or losses pursuant to these contracts
and expects the risk of loss to be remote.
8. Subsequent
Events
Management has evaluated the
impact of all subsequent events on the Funds through the date the financial statements were issued and has
determined that there were no subsequent events requiring recognition or disclosure in the financial statements that have not already
been disclosed.
Page
93
Report
of Independent Registered Public Accounting Firm
To the Shareholders and
the Board of Trustees of First Trust Exchange-Traded Fund VI:
Opinion on the Financial Statements and Financial
Highlights
We have audited the accompanying
statements of assets and liabilities, including the portfolios of investments, of First Trust NASDAQ
Technology Dividend Index Fund, Multi-Asset Diversified Income Index Fund, First Trust S&P International Dividend Aristocrats
ETF, First Trust Rising Dividend Achievers ETF, First Trust Dorsey Wright Focus 5 ETF, First Trust Dorsey Wright Momentum
& Dividend ETF, First Trust RBA American Industrial Renaissance®
ETF, First Trust Dorsey Wright International Focus 5
ETF, First Trust Dorsey Wright Dynamic Focus 5 ETF, First Trust SMID Cap Rising Dividend Achievers ETF, First Trust Indxx Innovative
Transaction & Process ETF, First Trust Nasdaq Artificial Intelligence and Robotics ETF, First Trust Dorsey Wright Momentum
& Low Volatility ETF, First Trust Dorsey Wright Momentum & Value ETF, First Trust International Developed Capital Strength®
ETF, and First Trust S&P 500 Economics Moat ETF (the “Funds”), each a series of the First Trust Exchange-Traded Fund VI,
as of September 30, 2025 and the related statements of operations for the year then ended, statements of changes in net assets and financial
highlights for the periods indicated in the table below, and the related notes (collectively referred to as the “financial statements
and financial highlights”). In our opinion, the financial statements and financial highlights present fairly, in all material respects,
the financial position of each of the Funds as of September 30, 2025, and the results of their operations for the year then ended,
the changes in their net assets and the financial highlights for the periods listed in the table below in conformity with accounting
principles generally accepted in the United States of America.
Page
94
Report
of Independent Registered Public Accounting Firm (Continued)
|
Individual
Funds
Included
in the Trust |
Statements
of Changes in Net
Assets
|
Financial
Highlights |
|
First
Trust International
Developed
Capital Strength®
ETF
|
For
the years ended
September
30, 2025, and 2024 |
For
the years ended September 30, 2025, 2024, 2023, and 2022,
and
for the period from December 15, 2020 (commencement of
investment
operations) through September 30, 2021 |
|
First
Trust S&P 500 Economic
Moat
ETF |
For
the year ended September 30, 2025, and for the period from June 26, 2024 (commencement
of
investment operations) through September 30, 2024 | |
Basis for Opinion
These financial statements and
financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion
on the Funds’ financial statements and financial highlights based on our audits. We are a public accounting firm registered with
the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the
Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission
and the PCAOB.
We conducted our audits in accordance
with the standards of the PCAOB. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether
due to error or fraud. The Funds are not required to have, nor were we engaged to perform, an audit of their internal control over
financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but
not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly,
we express no such opinion.
Our audits included performing
procedures to assess the risks of material misstatement of the financial statements and financial highlights,
whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on
a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included
evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation
of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of September
30, 2025, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other
auditing procedures. We believe that our audits provide a reasonable basis for our opinion.
/s/ Deloitte & Touche, LLP
Chicago,
Illinois
November 20, 2025
November 20, 2025
We have served as the auditor
of one or more First Trust investment companies since 2001.
Page
95
Other
Information
First Trust Exchange-Traded
Fund VI
September 30, 2025 (Unaudited)
Changes in and Disagreements with Accountants (Item 8 of Form N-CSR)
There were no changes in or disagreements
with the Funds’ accountants during the fiscal year ended September 30, 2025.
Proxy Disclosures (Item 9 of Form N-CSR)
At a special meeting of shareholders
of First Trust Exchange-Traded Fund VI (the “Trust”) that was held on August 12, 2025 (the “Special
Meeting”), shareholders of record as of June 9, 2025 (the “Record Date”) approved a proposal (the “Proposal”)
to elect or re-elect, as applicable, each of the eight
nominees listed below to the Board of Trustees of the Trust (the “Board”). Shareholders of each
series of the Trust that had publicly offered shares as of the Record Date (each, a “fund”) voted together with shareholders
of the other funds on the Proposal, and the results
are set forth below. There were no broker non-votes.
|
James
A. Bowen*
Votes
For
Votes
Withheld |
651,722,898
5,064,462
|
|
Thomas
J. Driscoll**
Votes
For
Votes
Withheld |
651,998,702
4,788,658
|
|
Richard
E. Erickson*
Votes
For
Votes
Withheld |
643,054,997
13,732,363
|
|
Thomas
R. Kadlec*
Votes
For
Votes
Withheld |
643,100,488
13,686,872
|
|
Denise
M. Keefe***
Votes
For
Votes
Withheld |
651,736,288
5,051,072
|
|
Robert
F. Keith*
Votes
For
Votes
Withheld |
643,383,276
13,404,084
|
|
Niel
B. Nielson*
Votes
For
Votes
Withheld |
643,178,094
13,609,266
|
|
Bronwyn
Wright***
Votes
For
Votes
Withheld |
412,521,907
244,265,453
|
|
*
|
This
nominee was re-elected to the Board at the Special Meeting. |
|
**
|
This
nominee was elected to the Board as a new Trustee at the Special Meeting. |
|
***
|
This
nominee was elected to the Board at the Special Meeting and had previously been appointed to the Board. |
Remuneration Paid to Directors, Officers,
and Others (Item 10 of Form N-CSR)
Independent Trustees and any
member of any advisory board of each Fund are compensated through the unitary management fee paid by
each Fund to the advisor and not directly by each Fund. The investment advisory fee paid is included in the Statements of Operations.
Page
96
Other
Information (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025 (Unaudited)
Statement Regarding the
Basis for the Board’s Approval of Investment Advisory Contract (Item 11 of Form N-CSR)
The Board of Trustees of First
Trust Exchange-Traded Fund VI (the “Trust”), including the Independent Trustees, unanimously approved
the continuation of the Investment Management Agreements (as applicable to a specific Fund, the “Agreement” and collectively,
the “Agreements”) with First Trust Advisors L.P. (the “Advisor”) on behalf of the following series of the Trust
(each a “Fund” and collectively, the “Funds”):
First
Trust Dorsey Wright Dynamic Focus 5 ETF (FVC)
First Trust Dorsey Wright Focus 5 ETF (FV)
First Trust Dorsey Wright International Focus 5 ETF (IFV)
First Trust Dorsey Wright Momentum & Dividend ETF (DDIV)
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL)
First Trust Dorsey Wright Momentum & Value ETF (DVLU)
First Trust Indxx Innovative Transaction & Process ETF (LEGR)
First Trust International Developed Capital Strength ETF (FICS)
Multi-Asset Diversified Income Index Fund (MDIV)
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)
First Trust NASDAQ Technology Dividend Index Fund (TDIV)
First Trust RBA American Industrial Renaissance® ETF (AIRR)
First Trust Rising Dividend Achievers ETF (RDVY)
First Trust S&P 500 Economic Moat ETF (EMOT)
First Trust S&P International Dividend Aristocrats ETF (FID)
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)
First Trust Dorsey Wright Focus 5 ETF (FV)
First Trust Dorsey Wright International Focus 5 ETF (IFV)
First Trust Dorsey Wright Momentum & Dividend ETF (DDIV)
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL)
First Trust Dorsey Wright Momentum & Value ETF (DVLU)
First Trust Indxx Innovative Transaction & Process ETF (LEGR)
First Trust International Developed Capital Strength ETF (FICS)
Multi-Asset Diversified Income Index Fund (MDIV)
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)
First Trust NASDAQ Technology Dividend Index Fund (TDIV)
First Trust RBA American Industrial Renaissance® ETF (AIRR)
First Trust Rising Dividend Achievers ETF (RDVY)
First Trust S&P 500 Economic Moat ETF (EMOT)
First Trust S&P International Dividend Aristocrats ETF (FID)
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)
The Board approved the continuation
of the Agreement for each Fund for a one-year period ending June 30, 2026 at a meeting held on June
8–9, 2025. The Board determined for each Fund that the continuation of the Agreement is in the best interests of the Fund in light
of the nature, extent and quality of the services provided
and such other matters as the Board considered to be relevant in the exercise of
its business judgment.
To reach this determination for
each Fund, the Board considered its duties under the Investment Company Act of 1940, as amended (the
“1940 Act”), as well as under the general principles of state law, in reviewing and approving advisory contracts; the requirements
of the 1940 Act in such matters; the fiduciary duty
of investment advisors with respect to advisory agreements and compensation; the standards
used by courts in determining whether investment company boards have fulfilled their duties; and the factors to be considered
by the Board in voting on such agreements. At meetings held on April 22, 2025 and June 8–9, 2025, the Board, including the
Independent Trustees, reviewed materials provided by the Advisor responding to requests for information from counsel to the Independent
Trustees, submitted on behalf of the Independent Trustees, that, among other things, outlined:
the services provided by the
Advisor to each Fund (including the relevant personnel responsible for these services and their experience); the unitary fee rate schedule
payable by each Fund as compared to fees charged to a peer group of funds (the “Expense Group”) and a broad peer universe
of funds (the “Expense Universe”), each
assembled by Broadridge Financial Solutions, Inc. (“Broadridge”), an independent source, and
as compared to fees charged to other clients of the Advisor, including other exchange-traded funds (“ETFs”) managed by the
Advisor; the expense ratio of each Fund as compared
to expense ratios of the funds in the Fund’s Expense Group and Expense Universe;
performance information for each Fund, including, as applicable, comparisons of each Fund’s performance to that of one or more
relevant benchmark indexes and to that of a performance group of funds and a broad performance universe of funds (the “Performance
Universe”), each assembled by Broadridge; the nature of expenses incurred in providing services to each Fund and the potential
for the Advisor to realize economies of scale, if any; profitability and other financial data for the Advisor; any indirect benefits
to the Advisor and its affiliate, First Trust Portfolios L.P. (“FTP”); and information on the Advisor’s compliance program.
The Board reviewed initial materials with the Advisor
at the meeting held on April 22, 2025, prior to which the Independent Trustees and
their counsel met separately to discuss the information provided by the Advisor. Following the April meeting, counsel to the Independent
Trustees, on behalf of the Independent Trustees, requested certain clarifications and supplements to the materials provided,
and the information provided in response to those requests was considered at an executive session of the Independent Trustees
and their counsel held prior to the June 8–9, 2025 meeting, as well as at the June meeting. The Board applied its business judgment
to determine whether the arrangement between the Trust and the Advisor continues to be a reasonable business arrangement from
each Fund’s perspective. The Board determined that, given the totality of the information provided with respect to the Agreements,
the Board had received sufficient information to renew the Agreements. The Board considered that shareholders chose to invest
or remain invested in a Fund knowing that the Advisor manages the Fund and knowing the Fund’s unitary fee.
Page
97
Other
Information (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025 (Unaudited)
In reviewing
the Agreement for each Fund, the Board considered the nature, extent and quality of the services provided by the Advisor under
the Agreement. The Board considered that the Advisor is responsible for the overall management and administration of the Trust
and each Fund and reviewed all of the services provided by the Advisor to the Funds, as well as the background and experience of
the persons responsible for such services. In reviewing the services provided, the Board noted the compliance program that had been
developed by the Advisor and considered that it includes a robust program for monitoring the Advisor’s and each Fund’s compliance
with the 1940 Act, as well as each Fund’s compliance with its investment objective, policies and restrictions. The Board also
considered a report from the Advisor with respect to its risk management functions related to the operation of the Funds. Finally, as
part of the Board’s consideration of the Advisor’s services, the Advisor, in its written materials and at the April 22, 2025
meeting, described to the Board the scope of its ongoing
investment in additional personnel and infrastructure to maintain and improve the quality
of services provided to the Funds and the other funds in the First Trust Fund Complex. In light of the information presented and
the considerations made, the Board concluded that the nature, extent and quality of the services provided to the Trust and each Fund
by the Advisor under the Agreements have been and are expected to remain satisfactory and that the Advisor has managed each Fund
consistent with its investment objective, policies and restrictions.
The Board considered the unitary
fee rate schedule payable by each Fund under the applicable Agreement for the services provided. The
Board considered that as part of the unitary fee the Advisor is responsible for each Fund’s expenses, including the cost of transfer
agency, custody, fund administration, legal, audit
and other services and license fees, if any, but excluding the fee payment under the applicable
Agreement and interest, taxes, acquired fund fees and expenses, brokerage commissions and other expenses connected with the
execution of portfolio transactions, distribution and service fees pursuant to a Rule 12b-1 plan, if any, and extraordinary expenses,
if any. The Board considered that the Advisor had previously
agreed to extend the Fee Offset Agreement for MDIV through January
31, 2026, whereby the Advisor offsets its unitary fee paid by MDIV related to the portion of MDIV’s assets invested in other investment
companies advised by the Advisor. The Board noted that because each of FV, IFV and FVC invests in underlying ETFs in the
First Trust Fund Complex, each such Fund will incur acquired fund fees and expenses, which are not payable out of the unitary fee,
and that such acquired fund fees and expenses will change over time as assets are reallocated among the underlying ETFs. The Board
received and reviewed information showing the fee rates and expense ratios of the peer funds in the Expense Groups, as well as advisory
and unitary fee rates charged by the Advisor to other fund (including ETFs) and non-fund clients, as applicable. Because each Fund
pays a unitary fee, the Board determined that expense ratios were the most relevant comparative data point. Based on the information
provided, the Board noted that the total (net) expense ratio for MDIV was below the median total (net) expense ratio of the
peer funds in its Expense Group, that the total (net) expense ratio for EMOT was equal to the median total (net) expense ratio of the
peer funds in its Expense Group and that the total (net) expense ratio for each other Fund (excluding acquired fund fees and expenses
for FVC, FV and IFV) was above the median total (net) expense ratio of the peer funds in its respective Expense Group (excluding
acquired fund fees and expenses for FVC’s, FV’s and IFV’s Expense Groups). The Board also noted that the total (net)
expense ratio for each of FVC, FV and IFV (including
acquired fund fees and expenses) was above the median total (net) expense ratio
(including acquired fund fees and expenses) of the peer funds in its respective Expense Group. With respect to the Expense Groups,
the Board discussed with the Advisor limitations in creating peer groups for index ETFs, including differences in underlying indexes
and index-tracking methodologies that can result in greater management complexities across seemingly comparable ETFs, and different
business models that may affect the pricing of services among ETF sponsors. The Board took these limitations and differences
into account in considering the peer data. With respect to fees charged to other non-ETF clients, the Board considered differences
between the Funds and other non-ETF clients that limited their comparability. In considering the unitary fee rate schedules overall,
the Board also considered the Advisor’s statement that it seeks to meet investor needs through innovative and value-added investment
solutions and the Advisor’s demonstrated long-term commitment to each Fund and the other funds in the First Trust Fund Complex.
The Board considered performance
information for each Fund. The Board noted the process it has established for monitoring each Fund’s
performance and portfolio risk on an ongoing basis, which includes quarterly performance reporting from the Advisor for the Funds.
The Board determined that this process continues to be effective for reviewing each Fund’s performance. The Board received and
reviewed, as applicable, information for periods ended December 31, 2024 regarding the performance of each Fund’s underlying index,
the correlation between each Fund’s performance and that of its underlying index, each Fund’s tracking difference and each
Fund’s excess return as compared to its benchmark
index. With respect to DDIV, the Board noted that during 2018, it approved changes
to the Fund’s investment objective and, effective September 6, 2018, the Fund changed its name and ticker symbol and began tracking
the Dorsey Wright Momentum Plus Dividend Yield™ Index, and that the performance information included a blend of the old
and new indexes. With respect to FID, the Board noted that during 2018, it approved changes to the Fund’s investment objective and,
effective August 30, 2018, the Fund changed its name and ticker symbol and began tracking the S&P International Dividend Aristocrats
Index, and that the performance information included a blend of the old and new indexes. Based on the information
Page
98
Other
Information (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025 (Unaudited)
provided
and its ongoing review of performance, the Board concluded that each applicable Fund was correlated to its underlying index and
that the tracking difference for each such Fund was within a reasonable range and noted the Advisor’s discussion of LEGR’s
correlation at the April 22, 2025 meeting. In addition,
the Board reviewed data prepared by Broadridge comparing each applicable Fund’s
performance to that of its respective Performance Universe and to that of a benchmark index and noted the Advisor’s discussion
of MDIV’s performance at the April 22, 2025 meeting. However, given each such Fund’s objective of seeking investment results
that correspond generally to the performance of its underlying index, the Board placed more emphasis on its review of correlation
and tracking difference. Because EMOT commenced operations on June 26, 2024 and therefore has a limited performance history,
comparative performance information for EMOT was not reviewed.
On the basis of all the information
provided on the unitary fee and performance, as applicable, of each Fund and the ongoing oversight by
the Board, the Board concluded that the unitary fee for each Fund continues to be reasonable and appropriate in light of the nature, extent
and quality of the services provided by the Advisor to each Fund under the Agreements.
The Board considered information
and discussed with the Advisor whether there were any economies of scale in connection with providing
advisory services to the Funds at current asset levels and whether the Funds may benefit from any economies of scale. The Board
noted that the unitary fee rate schedule for each Fund includes breakpoints pursuant to which the unitary fee rate will be reduced
as assets of the Fund meet certain thresholds. The Board considered the Advisor’s statement that it believes that its expenses relating
to providing advisory services to the Funds will increase during the next twelve months as the Advisor continues to build infrastructure
and add new staff. The Board also noted that under the unitary fee structure, any reduction in expenses associated with the
management and operations of the Funds would benefit the Advisor, but that the unitary fee structure provides a level of certainty in
expenses for shareholders of the Funds. The Board concluded that the unitary fee rate schedule for each Fund reflects an appropriate level
of sharing of any economies of scale that may be realized in the management of the Fund at current asset levels. The Board considered
the revenues and allocated costs (including the allocation methodology) of the Advisor in serving as investment advisor to each
Fund except EMOT for the twelve months ended December 31, 2024 and to EMOT for the period from inception through December
31, 2024 and the estimated profitability level for each Fund calculated by the Advisor based on such data, as well as complex-wide
and product-line profitability data, for the twelve months ended December 31, 2024. The Board noted the inherent limitations
in the profitability analysis and concluded that, based on the information provided, the Advisor’s profitability level for each
Fund was not unreasonable. In addition, the Board considered
indirect benefits described by the Advisor that may be realized from its relationship
with the Funds. The Board considered that the Advisor had identified as an indirect benefit to the Advisor and FTP their exposure
to investors and brokers who, absent their exposure to the Funds, may have had no dealings with the Advisor or FTP, and noted
that the Advisor does not utilize soft dollars in connection with the Funds. In addition, the Board considered that the Advisor, as the
investment advisor to the underlying ETFs in which each of FVC, FV and IFV invest, will recognize additional revenue from the underlying
ETFs if investment by such Funds causes the assets of the underlying ETFs to grow. The Board concluded that the character
and amount of potential indirect benefits to the Advisor were not unreasonable.
Based on all of the information
considered and the conclusions reached, the Board, including the Independent Trustees, unanimously determined
that the terms of the Agreements continue to be fair and reasonable and that the continuation of the Agreements is in the best
interests of each Fund. No single factor was determinative in the Board’s analysis.
Remuneration Disclosure Under the Alternative
Investment Fund Managers Directive
First Trust Advisors L.P. (“First
Trust”) is authorised and regulated by the U.S. Securities and Exchange Commission and is entitled to market
shares of certain First Trust Exchange-Traded Fund VI funds it manages (the “Funds”) in certain member states in the European
Economic Area in accordance with the cooperation arrangements in Article 42 of the Alternative Investment Fund Managers Directive
(the “Directive”). First Trust is required under the Directive to make disclosures in respect of remuneration. The following
disclosures are made in line with First Trust’s
interpretation of currently available regulatory guidance on remuneration disclosures.
During the year ended December
31, 2024, the amount of remuneration paid (or to be paid) by First Trust Advisors L.P. in respect of the
Funds is $10,619,638. This figure is comprised of $428,050 paid (or to be paid) in fixed compensation and $10,191,588 paid (or to be
paid) in variable compensation. There were a total of 24 beneficiaries of the remuneration described above. Those amounts include $5,566,876
paid (or to be paid) to senior management of First Trust Advisors L.P. and $5,052,762 paid (or to be paid) to other employees
whose professional activities have a material impact on the risk profiles of First Trust Advisors L.P. or the Funds (collectively,
“Code Staff”).
Page
99
Other
Information (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025 (Unaudited)
Code Staff
included in the aggregated figures disclosed above are rewarded in line with First Trust’s remuneration policy (the “Remuneration
Policy”) which is determined and implemented by First Trust’s senior management. The Remuneration Policy reflects First
Trust’s ethos of good governance and encapsulates the following principal objectives:
i.
to
provide a clear link between remuneration and performance of First Trust and to avoid rewarding for failure;
ii.
to
promote sound and effective risk management consistent with the risk profiles of the funds managed by First Trust; and
iii.
to
remunerate staff in line with the business strategy, objectives, values and interests of First Trust and the funds managed by
First Trust in a manner that avoids conflicts of interest.
First Trust assesses various
risk factors which it is exposed to when considering and implementing remuneration for Code Staff and considers
whether any potential award to such person(s) would give rise to a conflict of interest. First Trust does not reward failure, or consider
the taking of risk or failure to take risk in its remuneration of Code Staff.
First Trust assesses performance
for the purposes of determining payments in respect of performance-related remuneration of Code Staff
by reference to a broad range of measures including (i) individual performance (using financial and non-financial criteria), and (ii)
the overall performance of First Trust. Remuneration is not based upon the performance of the Funds.
The elements of remuneration
are balanced between fixed and variable and the senior management sets fixed salaries at a level sufficient
to ensure that variable remuneration incentivises and rewards strong individual performance but does not encourage excessive
risk taking.
No individual is involved in
setting his or her own remuneration.
Federal Tax Information
For the taxable year ended September
30, 2025, the following percentages of income dividends paid by the Funds qualify for the dividends
received deduction available to corporations:
|
|
Dividends
Received
Deduction
|
|
First
Trust NASDAQ Technology Dividend Index Fund |
96.85
% |
|
Multi-Asset
Diversified Income Index Fund |
26.61
% |
|
First
Trust S&P International Dividend Aristocrats ETF |
0.00
% |
|
First
Trust Rising Dividend Achievers ETF |
100.00
% |
|
First
Trust Dorsey Wright Focus 5 ETF |
** |
|
First
Trust Dorsey Wright Momentum & Dividend ETF |
90.68
% |
|
First
Trust RBA American Industrial Renaissance®
ETF |
100.00
% |
|
First
Trust Dorsey Wright International Focus 5 ETF |
** |
|
First
Trust Dorsey Wright Dynamic Focus 5 ETF |
** |
|
First
Trust SMID Cap Rising Dividend Achievers ETF |
100.00
% |
|
First
Trust Indxx Innovative Transaction & Process ETF |
26.61
% |
|
First
Trust Nasdaq Artificial Intelligence and Robotics ETF |
41.06
% |
|
First
Trust Dorsey Wright Momentum & Low Volatility ETF |
100.00
% |
|
First
Trust Dorsey Wright Momentum & Value ETF |
100.00
% |
|
First
Trust International Developed Capital Strength®
ETF |
0.00
% |
|
First
Trust S&P 500 Economic Moat ETF |
100.00
% |
For the taxable year ended September
30, 2025, the following percentages of income dividends paid by the Funds are hereby designated
as qualified dividend income:
|
|
Qualified
Dividend
Income
|
|
First
Trust NASDAQ Technology Dividend Index Fund |
100.00
% |
|
Multi-Asset
Diversified Income Index Fund |
26.78
% |
|
First
Trust S&P International Dividend Aristocrats ETF |
67.50
% |
Page
100
Other
Information (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025 (Unaudited)
|
|
Qualified
Dividend
Income
|
|
First
Trust Rising Dividend Achievers ETF |
100.00
% |
|
First
Trust Dorsey Wright Focus 5 ETF |
** |
|
First
Trust Dorsey Wright Momentum & Dividend ETF |
100.00
% |
|
First
Trust RBA American Industrial Renaissance®
ETF |
100.00
% |
|
First
Trust Dorsey Wright International Focus 5 ETF |
** |
|
First
Trust Dorsey Wright Dynamic Focus 5 ETF |
** |
|
First
Trust SMID Cap Rising Dividend Achievers ETF |
100.00
% |
|
First
Trust Indxx Innovative Transaction & Process ETF |
100.00
% |
|
First
Trust Nasdaq Artificial Intelligence and Robotics ETF |
100.00
% |
|
First
Trust Dorsey Wright Momentum & Low Volatility ETF |
100.00
% |
|
First
Trust Dorsey Wright Momentum & Value ETF |
100.00
% |
|
First
Trust International Developed Capital Strength®
ETF |
100.00
% |
|
First
Trust S&P 500 Economic Moat ETF |
100.00
% |
** The actual qualified dividend
income distribution will be reported to shareholders on Form 1099-DIV which will be sent to shareholders
shortly after calendar year end. Additionally, the actual percentage of income that qualified for the dividends received deduction
will be available to shareholders shortly after calendar year end.
A portion of each of the Funds’
2025 ordinary dividends (including short-term capital gains) paid to its shareholders during the fiscal year
ended September 30, 2025, may be eligible for the Qualified Business Income (QBI) Deduction under the Internal Revenue Code of
1986, as amended (the “Code”), Section 199A for the aggregate dividends each Fund received from the underlying Real Estate
Investment Trusts (REITs) these Funds invest in.
The following Funds meet the
requirements of Section 853 of the Code and elect to pass through to their shareholders credit for foreign
taxes paid. For the taxable year ended September 30, 2025, the total amounts of income received by the Funds from sources within
foreign countries and possessions of the United States and of taxes paid to such countries are as follows:
|
|
Gross
Foreign Income |
Foreign
Taxes Paid | ||
|
|
Amount
|
Per Share
|
Amount
|
Per Share
|
|
First
Trust S&P International Dividend Aristocrats ETF |
$4,914,364
|
$0.80
|
$515,290
|
$0.08
|
|
First
Trust Indxx Innovative Transaction & Process ETF |
1,948,162
|
0.95
|
189,934
|
0.09
|
|
First
Trust International Developed Capital Strength®
ETF |
5,958,410
|
1.05
|
630,276
|
0.11
|
Disclaimers
Nasdaq®,
Nasdaq Technology DividendTM
Index, Nasdaq US Multi-Asset Diversified IncomeTM
Index, Nasdaq US Rising Dividend AchieversTM
Index, Dorsey Wright Momentum Plus Dividend YieldTM
Index, Nasdaq US Small Mid Cap Rising Dividend AchieversTM
Index, Nasdaq CTA Artificial Intelligence and RoboticsTM
Index, Dorsey Wright Momentum Plus Low VolatilityTM
Index, Dorsey Wright Momentum Plus ValueTM
Index and The International Developed Capital StrengthTM
Index (“the Nasdaq Indexes”) are registered
trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”)
and are licensed for use by First Trust. The Funds have not been passed on by the Corporations as to their legality or suitability.
The Funds have not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES
AND BEAR NO LIABILITY WITH RESPECT TO THE FUNDS.
First Trust Dorsey Wright Focus
5 ETF, First Trust Dorsey Wright Momentum & Dividend ETF, First Trust Dorsey Wright International
Focus 5 ETF and First Trust Dorsey Wright Dynamic Focus 5 ETF are not sponsored, endorsed, sold or promoted by Dorsey,
Wright & Associates, LLC (“Dorsey Wright”). Dorsey Wright makes no representation or warranty, express or implied, to
the owners of the Funds or any member of the public
regarding the advisability of trading in the Funds. Dorsey Wright’s only relationship to
First Trust is the licensing of certain trademarks and trade names of Dorsey Wright and of the Indexes, which are determined, composed
and calculated by Dorsey Wright without regard to First Trust or the Funds.
Richard Bernstein Advisors and
Richard Bernstein Advisors American Industrial Renaissance®
Index (“Index”) are trademarks and trade
names of Richard Bernstein Advisors (“RBA”). The Fund is not sponsored, endorsed, sold or promoted by RBA and RBA makes no
representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of
Page
101
Other
Information (Continued)
First Trust Exchange-Traded
Fund VI
September 30, 2025 (Unaudited)
trading in
the Fund. RBA has no obligation to take the needs of First Trust or the owners of the Fund into consideration in determining or
composing the Index. RBA is not responsible for and has not participated in the determination of the timing of, prices at, or quantities
of the Fund to be listed or in the determination or calculation of the equation by which the Fund is to be converted into cash. RBA
has no obligation or liability in connection with the administration, marketing or trading of the Fund.
S&P International Dividend
Aristocrats Index and S&P 500®
Economic Moat Index (“S&P Dow Jones Indexes”) are products of S&P Dow
Jones Indices LLC or its affiliates (“SPDJI”) and have been licensed for use by First Trust. S&P®
is a registered trademark of Standard & Poor’s
Financial Services LLC (“S&P”); Dow Jones®
is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow
Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by First Trust. The Funds
are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make
any representation regarding the advisability of investing in such product nor do they have any liability for any errors, omissions,
or interruptions of the S&P Dow Jones Indexes.
Indxx and Indxx Blockchain Index
(“Index”) are trademarks of Indxx, Inc. (“Indxx”) and have been licensed for use for certain purposes
by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Indxx and Indxx makes no representation regarding the
advisability of trading in such product. The Index is determined, composed and calculated by Indxx without regard to First Trust or the
Fund.
Page
102
|
Annual
Financial
Statements
and
Other
Information |
|
For
the Period
August
6, 2025
(Commencement
of Operations)
through
September 30, 2025 |
First
Trust Exchange-Traded Fund VI
|
First
Trust RBA Deglobalization ETF (DGLO) |
Table
of Contents
First Trust RBA Deglobalization
ETF (DGLO)
Annual Financial Statements and Other Information
September 30, 2025
Annual Financial Statements and Other Information
September 30, 2025
|
1
| |
|
4
| |
|
5
| |
|
6
| |
|
7
| |
|
8
| |
|
13
| |
|
14
|
Performance and Risk Disclosure
There is no assurance that First
Trust RBA Deglobalization ETF (the “Fund”)
will achieve its investment objective. The Fund is subject
to market risk, which is the possibility that the market values of securities owned by the Fund will decline and that the value of the
Fund’s shares may therefore be less than what you paid for them. Accordingly, you can lose money by investing in the Fund.
Performance data quoted represents
past performance, which is no guarantee of future results, and current performance may be lower or
higher than the figures shown. For the most recent month-end performance figures, please visit www.ftportfolios.com
or speak with your financial advisor. Investment returns,
net asset value and share price will fluctuate and Fund shares, when sold, may be worth more
or less than their original cost.
First Trust Advisors L.P., the
Fund’s advisor, may also periodically provide additional information on Fund performance on the Fund’s
webpage at www.ftportfolios.com.
How to Read This Report
This report contains information
that may help you evaluate your investment in the Fund. It includes details about the Fund and presents
data that provides insight into the Fund’s performance and investment approach.
The material risks of investing
in the Fund are spelled out in its prospectus, statement of additional information, and other Fund regulatory
filings.
First Trust RBA
Deglobalization ETF (DGLO)
Portfolio of Investments
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS — 99.8% | |||||
|
|
Aerospace
& Defense — 16.2%
|
| |||
|
20
|
Axon
Enterprise, Inc. (a) |
$14,353
| |||
|
21
|
Boeing
(The) Co. (a) |
4,532
| |||
|
43
|
BWX
Technologies, Inc. |
7,928
| |||
|
226
|
Byrna
Technologies, Inc. (a) |
5,008
| |||
|
156
|
Cadre
Holdings, Inc. |
5,696
| |||
|
57
|
Ducommun,
Inc. (a) |
5,479
| |||
|
49
|
General
Dynamics Corp. |
16,709
| |||
|
44
|
General
Electric Co. |
13,236
| |||
|
23
|
Huntington
Ingalls Industries,
Inc.
|
6,622
| |||
|
196
|
Kratos
Defense & Security
Solutions,
Inc. (a) |
17,909
| |||
|
38
|
L3Harris
Technologies, Inc. |
11,606
| |||
|
352
|
Leonardo
DRS, Inc. |
15,981
| |||
|
236
|
Mercury
Systems, Inc. (a) |
18,266
| |||
|
47
|
National
Presto Industries, Inc. |
5,271
| |||
|
17
|
Northrop
Grumman Corp. |
10,358
| |||
|
387
|
Park
Aerospace Corp. |
7,872
| |||
|
|
|
166,826
| |||
|
|
Air
Freight & Logistics — 2.8%
|
| |||
|
71
|
C.H.
Robinson Worldwide, Inc. |
9,400
| |||
|
234
|
Hub
Group, Inc., Class A |
8,059
| |||
|
130
|
United
Parcel Service, Inc.,
Class
B |
10,859
| |||
|
|
|
28,318
| |||
|
|
Building
Products — 8.3%
|
| |||
|
61
|
Advanced
Drainage Systems,
Inc.
|
8,461
| |||
|
114
|
Armstrong
World Industries, Inc. |
22,345
| |||
|
24
|
Carlisle
Cos., Inc. |
7,895
| |||
|
20
|
CSW
Industrials, Inc. |
4,855
| |||
|
95
|
Gibraltar
Industries, Inc. (a) |
5,966
| |||
|
129
|
Insteel
Industries, Inc. |
4,946
| |||
|
13
|
Lennox
International, Inc. |
6,882
| |||
|
82
|
Trex
Co., Inc. (a) |
4,237
| |||
|
78
|
UFP
Industries, Inc. |
7,292
| |||
|
271
|
Zurn
Elkay Water Solutions
Corp.
|
12,745
| |||
|
|
|
85,624
| |||
|
|
Chemicals
— 0.6%
|
| |||
|
31
|
Hawkins,
Inc. |
5,664
| |||
|
|
Commercial
Services & Supplies
— 10.9%
|
| |||
|
327
|
BrightView
Holdings, Inc. (a) |
4,382
| |||
|
72
|
Casella
Waste Systems, Inc.,
Class
A (a) |
6,831
| |||
|
93
|
Cintas
Corp. |
19,089
| |||
|
47
|
Clean
Harbors, Inc. (a) |
10,914
| |||
|
195
|
Copart,
Inc. (a) |
8,769
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Commercial
Services &
Supplies
(Continued)
|
| |||
|
502
|
Ennis,
Inc. |
$9,177
| |||
|
383
|
Healthcare
Services Group,
Inc.
(a) |
6,446
| |||
|
177
|
HNI
Corp. |
8,292
| |||
|
90
|
Republic
Services, Inc. |
20,653
| |||
|
200
|
Rollins,
Inc. |
11,748
| |||
|
34
|
UniFirst
Corp. |
5,685
| |||
|
|
|
111,986
| |||
|
|
Construction
& Engineering —
2.9%
|
| |||
|
9
|
Comfort
Systems USA, Inc. |
7,427
| |||
|
9
|
EMCOR
Group, Inc. |
5,846
| |||
|
96
|
Granite
Construction, Inc. |
10,526
| |||
|
26
|
MYR
Group, Inc. (a) |
5,409
| |||
|
|
|
29,208
| |||
|
|
Construction
Materials — 1.1%
|
| |||
|
64
|
Knife
River Corp. (a) |
4,920
| |||
|
49
|
United
States Lime & Minerals,
Inc.
|
6,446
| |||
|
|
|
11,366
| |||
|
|
Containers
& Packaging — 3.2%
|
| |||
|
117
|
International
Paper Co. |
5,429
| |||
|
341
|
Myers
Industries, Inc. |
5,776
| |||
|
99
|
Packaging
Corp. of America |
21,575
| |||
|
|
|
32,780
| |||
|
|
Electrical
Equipment — 2.5%
|
| |||
|
23
|
Acuity,
Inc. |
7,921
| |||
|
68
|
Atkore,
Inc. |
4,266
| |||
|
33
|
Generac
Holdings, Inc. (a) |
5,524
| |||
|
19
|
Hubbell,
Inc. |
8,176
| |||
|
|
|
25,887
| |||
|
|
Energy
Equipment & Services —
3.0%
|
| |||
|
161
|
Cactus,
Inc., Class A |
6,355
| |||
|
324
|
Helmerich
& Payne, Inc. |
7,157
| |||
|
448
|
Liberty
Energy, Inc. |
5,528
| |||
|
441
|
Ranger
Energy Services, Inc.,
Class
A |
6,192
| |||
|
539
|
Select
Water Solutions, Inc. |
5,762
| |||
|
|
|
30,994
| |||
|
|
Ground
Transportation — 11.6%
|
| |||
|
63
|
ArcBest
Corp. |
4,402
| |||
|
249
|
Covenant
Logistics Group, Inc. |
5,393
| |||
|
559
|
CSX
Corp. |
19,850
| |||
|
572
|
Heartland
Express, Inc. |
4,793
| |||
See
Notes to Financial Statements
Page
1
First Trust RBA
Deglobalization ETF (DGLO)
Portfolio of Investments (Continued)
September 30, 2025
|
Shares
|
Description
|
Value
| |||
|
COMMON
STOCKS (Continued) | |||||
|
|
Ground
Transportation
(Continued)
|
| |||
|
59
|
J.B.
Hunt Transport Services,
Inc.
|
$7,916
| |||
|
94
|
Landstar
System, Inc. |
11,521
| |||
|
766
|
Marten
Transport Ltd. |
8,166
| |||
|
49
|
Norfolk
Southern Corp. |
14,720
| |||
|
36
|
Old
Dominion Freight Line, Inc. |
5,068
| |||
|
400
|
Schneider
National, Inc., Class B |
8,464
| |||
|
90
|
Union
Pacific Corp. |
21,273
| |||
|
286
|
Werner
Enterprises, Inc. |
7,528
| |||
|
|
|
119,094
| |||
|
|
IT
Services — 0.5%
|
| |||
|
54
|
Okta,
Inc. (a) |
4,952
| |||
|
|
Machinery
— 4.2%
|
| |||
|
128
|
Astec
Industries, Inc. |
6,161
| |||
|
55
|
Federal
Signal Corp. |
6,544
| |||
|
115
|
Miller
Industries, Inc.
|
4,648
| |||
|
238
|
Mueller
Water Products, Inc.,
Class
A |
6,074
| |||
|
56
|
Oshkosh
Corp. |
7,263
| |||
|
127
|
Proto
Labs, Inc. (a) |
6,354
| |||
|
82
|
Toro
(The) Co. |
6,248
| |||
|
|
|
43,292
| |||
|
|
Marine
Transportation — 1.1%
|
| |||
|
345
|
Genco
Shipping & Trading Ltd. |
6,141
| |||
|
60
|
Kirby
Corp. (a) |
5,007
| |||
|
|
|
11,148
| |||
|
|
Metals
& Mining — 3.2%
|
| |||
|
98
|
Commercial
Metals Co. |
5,614
| |||
|
317
|
Metallus,
Inc. (a) |
5,240
| |||
|
35
|
Nucor
Corp. |
4,740
| |||
|
27
|
Reliance,
Inc. |
7,583
| |||
|
38
|
Steel
Dynamics, Inc. |
5,298
| |||
|
590
|
SunCoke
Energy, Inc. |
4,814
| |||
|
|
|
33,289
| |||
|
|
Oil,
Gas & Consumable Fuels —
9.3%
|
| |||
|
106
|
California
Resources Corp. |
5,637
| |||
|
76
|
Chord
Energy Corp. |
7,552
| |||
|
118
|
ConocoPhillips
|
11,162
| |||
|
323
|
Coterra
Energy, Inc. |
7,639
| |||
|
217
|
Devon
Energy Corp. |
7,608
| |||
|
456
|
DHT
Holdings, Inc. |
5,449
| |||
|
100
|
EOG
Resources, Inc. |
11,212
| |||
|
388
|
Magnolia
Oil & Gas Corp.,
Class
A |
9,261
| |||
|
201
|
Murphy
Oil Corp. |
5,710
| |||
|
517
|
Permian
Resources Corp. |
6,618
| |||
|
Shares
|
Description
|
Value
| |||
|
| |||||
|
|
Oil,
Gas & Consumable Fuels
(Continued)
|
| |||
|
197
|
Riley
Exploration Permian, Inc. |
$5,341
| |||
|
113
|
Scorpio
Tankers, Inc. |
6,334
| |||
|
262
|
Vitesse
Energy, Inc. |
6,086
| |||
|
|
|
95,609
| |||
|
|
Passenger
Airlines — 0.4%
|
| |||
|
135
|
Southwest
Airlines Co. |
4,308
| |||
|
|
Professional
Services — 4.9%
|
| |||
|
80
|
Broadridge
Financial Solutions,
Inc.
|
19,054
| |||
|
97
|
CSG
Systems International, Inc. |
6,245
| |||
|
192
|
ExlService
Holdings, Inc. (a) |
8,454
| |||
|
86
|
Insperity,
Inc. |
4,231
| |||
|
85
|
Maximus,
Inc. |
7,766
| |||
|
75
|
TriNet
Group, Inc. |
5,017
| |||
|
|
|
50,767
| |||
|
|
Software
— 0.7%
|
| |||
|
129
|
Alarm.com
Holdings, Inc. (a) |
6,847
| |||
|
|
Trading
Companies & Distributors
— 12.4%
|
| |||
|
34
|
Applied
Industrial Technologies,
Inc.
|
8,876
| |||
|
61
|
BlueLinx
Holdings, Inc. (a) |
4,458
| |||
|
69
|
Boise
Cascade Co. |
5,335
| |||
|
83
|
Core
& Main, Inc., Class A (a) |
4,468
| |||
|
179
|
Distribution
Solutions Group,
Inc.
(a) |
5,384
| |||
|
349
|
DNOW,
Inc. (a) |
5,322
| |||
|
50
|
DXP
Enterprises, Inc. (a) |
5,953
| |||
|
244
|
Fastenal
Co. |
11,966
| |||
|
36
|
Ferguson
Enterprises, Inc. |
8,085
| |||
|
257
|
Global
Industrial Co. |
9,424
| |||
|
176
|
Karat
Packaging, Inc. |
4,437
| |||
|
59
|
McGrath
RentCorp |
6,921
| |||
|
100
|
MSC
Industrial Direct Co., Inc.,
Class
A |
9,214
| |||
|
597
|
NPK
International, Inc. (a) |
6,752
| |||
|
167
|
Rush
Enterprises, Inc., Class B |
9,589
| |||
|
48
|
SiteOne
Landscape Supply,
Inc.
(a) |
6,182
| |||
|
11
|
United
Rentals, Inc. |
10,501
| |||
|
12
|
Watsco,
Inc. |
4,852
| |||
|
|
|
127,719
| |||
|
| |||||
|
| |||||
|
|
Total
Investments — 99.8% |
1,025,678
| |||
|
|
(Cost
$995,190) |
| |||
|
|
Net
Other Assets and
Liabilities
— 0.2% |
2,564
| |||
|
|
Net
Assets — 100.0% |
$1,028,242
| |||
|
(a)
|
Non-income
producing security. |
See
Notes to Financial Statements
Page
2
First Trust RBA
Deglobalization ETF (DGLO)
Portfolio of Investments (Continued)
September 30, 2025
Valuation Inputs
A
summary of the inputs used to value the Fund’s investments as of
September 30, 2025 is as follows (see Note 2A
- Portfolio Valuation in the Notes to Financial Statements):
|
|
Total
Value
at
9/30/2025
|
Level
1
Quoted
Prices
|
Level
2
Significant
Observable
Inputs
|
Level
3
Significant
Unobservable
Inputs
|
|
Common
Stocks* |
$ 1,025,678
|
$ 1,025,678
|
$ —
|
$ —
|
|
*
|
See
Portfolio of Investments for industry breakout. |
See
Notes to Financial Statements
Page
3
First Trust RBA Deglobalization
ETF (DGLO)
September 30, 2025
Statement of Assets and Liabilities
|
ASSETS:
|
|
|
Investments,
at value |
$1,025,678
|
|
Cash
|
2,667
|
|
Dividends
receivable |
486
|
|
Total
Assets |
1,028,831
|
|
| |
|
LIABILITIES:
|
|
|
Investment
advisory fees payable |
589
|
|
Total
Liabilities |
589
|
|
NET
ASSETS |
$1,028,242
|
|
| |
|
NET
ASSETS consist of: |
|
|
Paid-in
capital |
$995,138
|
|
Par
value |
500
|
|
Accumulated
distributable earnings (loss) |
32,604
|
|
NET
ASSETS |
$1,028,242
|
|
NET
ASSET VALUE, per share
|
$20.56
|
|
Number
of shares outstanding (unlimited number of shares authorized, par value $0.01 per share) |
50,002
|
|
Investments,
at cost |
$995,190
|
See
Notes to Financial Statements
Page
4
First Trust RBA Deglobalization
ETF (DGLO)
For the Period Ended September 30, 2025 (a)
Statement of Operations
|
INVESTMENT
INCOME: |
|
|
Dividends
|
$3,165
|
|
Total
investment income |
3,165
|
|
| |
|
EXPENSES:
|
|
|
Investment
advisory fees |
1,075
|
|
Total
expenses |
1,075
|
|
NET
INVESTMENT INCOME (LOSS) |
2,090
|
|
| |
|
NET
REALIZED AND UNREALIZED GAIN (LOSS): |
|
|
Net
realized gain (loss) on investments |
26
|
|
Net
change in unrealized appreciation (depreciation) on investments |
30,488
|
|
NET
REALIZED AND UNREALIZED GAIN (LOSS) |
30,514
|
|
NET
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS |
$32,604
|
|
(a)
|
Inception
date is August 6, 2025, which is consistent with the commencement of investment operations and is the date the initial
creation
units were established. |
See
Notes to Financial Statements
Page
5
First Trust RBA Deglobalization
ETF (DGLO)
Statement of Changes in Net Assets
|
|
Period
Ended
9/30/2025 (a)
|
|
OPERATIONS:
|
|
|
Net
investment income (loss) |
$2,090
|
|
Net
realized gain (loss) |
26
|
|
Net
change in unrealized appreciation (depreciation) |
30,488
|
|
Net
increase (decrease) in net assets resulting from operations |
32,604
|
|
| |
|
SHAREHOLDER
TRANSACTIONS: |
|
|
Proceeds
from shares sold |
995,638
|
|
Cost
of shares redeemed |
—
|
|
Net
increase (decrease) in net assets resulting from shareholder transactions |
995,638
|
|
Total
increase (decrease) in net assets |
1,028,242
|
|
| |
|
NET
ASSETS: |
|
|
Beginning
of period |
—
|
|
End
of period |
$1,028,242
|
|
| |
|
CHANGES
IN SHARES OUTSTANDING: |
|
|
Shares
outstanding, beginning of period |
—
|
|
Shares
sold |
50,002
|
|
Shares
redeemed |
—
|
|
Shares
outstanding, end of period |
50,002
|
|
(a)
|
Inception
date is August 6, 2025, which is consistent with the commencement of investment operations and is the date the initial
creation
units were established. |
See
Notes to Financial Statements
Page
6
First Trust RBA Deglobalization
ETF (DGLO)
For a share outstanding throughout the period
Financial Highlights
|
|
Period
Ended
9/30/2025 (a)
|
|
| |
|
Net
asset value, beginning of period |
$19.91
|
|
Income
from investment operations: |
|
|
Net
investment income (loss) (b) |
0.04
|
|
Net
realized and unrealized gain (loss) |
0.61
|
|
Total
from investment operations |
0.65
|
|
Net
asset value, end of period |
$20.56
|
|
Total
return (c) |
3.26
%
|
|
| |
|
Ratios
to average net assets/supplemental data: |
|
|
Net
assets, end of period (in 000’s) |
$1,028
|
|
Ratio
of total expenses to average net assets |
0.70
% (d)
|
|
Ratio
of net investment income (loss) to average net assets |
1.36
% (d)
|
|
Portfolio
turnover rate (e) |
0
%
|
|
(a)
|
Inception
date is August 6, 2025, which is consistent with the commencement of investment operations and is the date the initial creation units
were
established. |
|
(b)
|
Based
on average shares outstanding. |
|
(c)
|
Total
return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all
distributions
at net asset value during the period, and redemption at net asset value on the last day of the period. The return presented does not
reflect
the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is
calculated
for the time period presented and is not annualized for periods of less than a year. |
|
(d)
|
Annualized.
|
|
(e)
|
Portfolio
turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities
received
or delivered from processing creations or redemptions and in-kind transactions. |
See
Notes to Financial Statements
Page
7
Notes
to Financial Statements
First Trust RBA
Deglobalization ETF (DGLO)
September 30, 2025
1. Organization
First Trust Exchange-Traded Fund
VI (the “Trust”) is an open-end management investment company organized as a Massachusetts business
trust on June 4, 2012, and is registered with the Securities and Exchange Commission under the Investment Company Act of 1940,
as amended (the “1940 Act”).
This report covers the First
Trust RBA Deglobalization ETF (the “Fund”), a non-diversified series of the Trust, which trades under the ticker
“DGLO” on Nasdaq, Inc. (“Nasdaq”). The Fund represents a separate series of shares of beneficial interest in the
Trust. Unlike conventional mutual funds, the Fund issues
and redeems shares on a continuous basis, at net asset value (“NAV”), only in large blocks of
shares known as “Creation Units.”
The Fund seeks investment results
that correspond generally to the price and yield (before the Fund’s fees and expenses) of an index called
the Richard Bernstein Advisors U.S. Deglobalization Index (the “Index”).
Under normal market conditions, the Fund will invest at
least 80% of its net assets (plus any borrowings for investment purposes) in the securities that comprise the Index. The Fund, using an
index investment approach, attempts to replicate, before fees and expenses, the performance of the Index.
2. Significant
Accounting Policies
The Fund is considered an investment
company and follows accounting and reporting guidance under Financial Accounting Standards Board
(“FASB”) Accounting Standards Codification Topic 946, “Financial Services-Investment Companies.” The following
is a summary of significant accounting policies consistently
followed by the Fund in the preparation of the financial statements. The preparation
of the financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S.
GAAP”) requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial
statements. Actual results could differ from those estimates.
A. Portfolio
Valuation
The Fund’s NAV is determined
daily as of the close of regular trading on the New York Stock Exchange (“NYSE”), normally 4:00
p.m. Eastern time, on each day the NYSE is open for trading. If the NYSE closes early on a valuation day, the NAV is determined
as of that time. The Fund’s NAV is calculated by dividing the value of all assets of the Fund (including accrued interest and
dividends), less all liabilities (including accrued expenses and dividends declared but unpaid), by the total number of shares outstanding.
The Fund’s investments
are valued daily at market value or, in the absence of market value with respect to any portfolio securities, at fair
value. Market value prices represent readily available market quotations such as last sale or official closing prices from a national
or foreign exchange (i.e., a regulated market) and
are primarily obtained from third-party pricing services. Fair value prices represent any
prices not considered market value prices and are either obtained from a third-party pricing service or are determined by the Pricing
Committee of the Fund’s investment advisor, First Trust Advisors L.P. (“First Trust” or the “Advisor”),
in accordance with valuation procedures approved by
the Trust’s Board of Trustees, and in accordance with provisions of the 1940 Act and rules thereunder.
Investments valued by the Advisor’s Pricing Committee, if any, are footnoted as such in the footnotes to the Portfolio of Investments.
The Fund’s investments are valued as follows:
Common stocks and other equity
securities listed on any national or foreign exchange (excluding Nasdaq and the London Stock Exchange
Alternative Investment Market (“AIM”)) are valued at the last sale price on the exchange on which they are principally
traded or, for Nasdaq and AIM securities, the official closing price. Securities traded on more than one securities exchange
are valued at the last sale price or official closing price, as applicable, at the close of the securities exchange representing
the primary exchange for such securities.
Equity securities traded in an
over-the-counter market are valued at the close price or the last trade price.
Shares of open-end funds are
valued based on NAV per share.
Certain securities may not be
able to be priced by pre-established pricing methods. Such securities may be valued by the Advisor’s Pricing
Committee at fair value. These securities generally include, but are not limited to, restricted securities (securities which may not
be publicly sold without registration under the Securities Act of 1933, as amended) for which a third-party pricing service is unable
to provide a market price; securities whose trading has been formally suspended; a security whose market or fair value price is not
available from a pre-established pricing source; a security with respect to which an event has occurred that is likely to materially affect
the value of the security after the market has closed but before the calculation of the Fund’s NAV or make it difficult or
Page
8
Notes
to Financial Statements (Continued)
First Trust RBA
Deglobalization ETF (DGLO)
September 30, 2025
impossible
to obtain a reliable market quotation; and a security whose price, as provided by the third-party pricing service, does not reflect
the security’s fair value. As a general principle, the current fair value of a security would appear to be the amount which the
owner might reasonably expect to receive for the security
upon its current sale. When fair value prices are used, generally they will differ
from market quotations or official closing prices on the applicable exchanges. A variety of factors may be considered in determining
the fair value of such securities, including, but not limited to, the following:
1)
the
last sale price on the exchange on which they are principally traded or, for Nasdaq and AIM securities, the official closing
price;
2)
the
type of security;
3)
the
size of the holding;
4)
the
initial cost of the security;
5)
transactions
in comparable securities;
6)
price
quotes from dealers and/or third-party pricing services;
7)
relationships
among various securities;
8)
information
obtained by contacting the issuer, analysts, or the appropriate stock exchange;
9)
an
analysis of the issuer’s financial statements;
10)
the
existence of merger proposals or tender offers that might affect the value of the security; and
11)
other
relevant factors.
In addition, differences between
the prices used to calculate the Fund’s NAV and the prices used by the Fund’s corresponding index could
result in a difference between the Fund’s performance and the performance of its underlying index.
The Fund is subject to fair value
accounting standards that define fair value, establish the framework for measuring fair value and provide
a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the
fair value hierarchy are as follows:
• Level
1 – Level 1 inputs are quoted prices in active markets for identical investments. An active market is a market in which transactions
for the investment occur with sufficient frequency and volume to provide pricing information on an ongoing basis.
• Level
2 – Level 2 inputs are observable inputs, either directly or indirectly, and include the following:
o Quoted
prices for similar investments in active markets.
o Quoted
prices for identical or similar investments in markets that are non-active. A non-active market is a market where there
are few transactions for the investment, the prices are not current, or price quotations vary substantially either over time
or among market makers, or in which little information is released publicly.
o Inputs
other than quoted prices that are observable for the investment (for example, interest rates and yield curves observable
at commonly quoted intervals, volatilities, prepayment speeds, loss severities, credit risks, and default rates).
o Inputs
that are derived principally from or corroborated by observable market data by correlation or other means.
• Level
3 – Level 3 inputs are unobservable inputs. Unobservable inputs may reflect the reporting entity’s own assumptions about
the assumptions that market participants would use in pricing the investment.
The inputs or methodologies used
for valuing investments are not necessarily an indication of the risk associated with investing in those
investments. A summary of the inputs used to value the Fund’s investments as of September 30, 2025, is included with the Fund’s
Portfolio of Investments.
B. Securities
Transactions and Investment Income
Securities transactions are recorded
as of the trade date. Realized gains and losses from securities transactions are recorded on the identified
cost basis. Dividend income is recorded on the ex-dividend date. Interest income, if any, is recorded on the accrual basis.
C. Dividends
and Distributions to Shareholders
Dividends from net investment
income of the Fund, if any, are declared and paid quarterly, or as the Board of Trustees may determine from
time to time. Distributions of net realized capital gains earned by the Fund, if any, are distributed at least annually. The Fund may
also designate a portion of the amount paid to redeeming shareholders as a distribution for tax purposes.
Distributions from net investment
income and realized capital gains are determined in accordance with federal income tax regulations, which
may differ from U.S. GAAP. Certain capital accounts in the financial statements are periodically adjusted for permanent
Page
9
Notes
to Financial Statements (Continued)
First Trust RBA
Deglobalization ETF (DGLO)
September 30, 2025
differences
in order to reflect their tax character. These permanent differences are primarily due to the varying treatment of income and
gain/loss on portfolio securities held by the Fund and have no impact on net assets or NAV per share. Temporary differences, which
arise from recognizing certain items of income, expense and gain/loss in different periods for financial statement and tax purposes,
will reverse at some time in the future.
There were no distributions paid
during the fiscal period ended September 30, 2025.
As of September 30, 2025, the
components of distributable earnings on a tax basis for the Fund were as follows:
|
Undistributed
ordinary income |
$2,116
|
|
Accumulated
capital and other gain (loss) |
—
|
|
Net
unrealized appreciation (depreciation) |
30,488
|
D. Income
Taxes
The Fund intends to qualify as
a regulated investment company by complying with the requirements under Subchapter M of the Internal
Revenue Code of 1986, as amended, which includes distributing substantially all of its net investment income and net realized gains
to shareholders. Accordingly, no provision has been made for federal and state income taxes. However, due to the timing and amount
of distributions, the Fund may be subject to an excise tax of 4% of the amount by which approximately 98% of the Fund’s taxable
income exceeds the distributions from such taxable income for the calendar year.
The Fund is subject to accounting
standards that establish a minimum threshold for recognizing, and a system for measuring, the benefits
of a tax position taken or expected to be taken in a tax return. The taxable period ended September 30, 2025 remains open to federal
and state audit. As of September 30, 2025, management has evaluated the application of these standards to the Fund and has determined
that no provision for income tax is required in the Fund’s financial statements for uncertain tax positions.
The Fund intends to utilize provisions
of the federal income tax laws, which allow it to carry a realized capital loss forward indefinitely
following the year of the loss and offset such loss against any future realized capital gains. The Fund is subject to certain limitations
under U.S. tax rules on the use of capital loss carryforwards and net unrealized built-in losses. These limitations apply when
there has been a 50% change in ownership. At September 30, 2025, the Fund had no non-expiring capital loss carryforwards for federal
income tax purposes.
Certain losses realized during
the current fiscal period may be deferred and treated as occurring on the first day of the following fiscal year
for federal income tax purposes. For the fiscal period ended September 30, 2025, the Fund had no net late year ordinary or capital losses.
For the fiscal period ended September
30, 2025, there were no tax adjustments made to paid-in capital and accumulated distributable earnings
(loss) accounts due to differences between book and tax treatments.
As of September 30, 2025, the
aggregate cost, gross unrealized appreciation, gross unrealized depreciation, and net unrealized appreciation/(depreciation)
on investments (including short positions and derivatives, if any) for federal income tax purposes were as follows:
|
Tax Cost
|
Gross
Unrealized
Appreciation
|
Gross
Unrealized
(Depreciation)
|
Net Unrealized
Appreciation
(Depreciation)
|
|
$995,190
|
$58,933
|
$(28,445
) |
$30,488
|
E. Expenses
Expenses, other than the investment
advisory fee and other excluded expenses, are paid by the Advisor (see Note 3).
F. Segment
Reporting
The Fund has adopted FASB Accounting
Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment
Disclosures. Adoption of the standard impacted financial statement disclosures only and did not affect the Fund’s financial position
or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business
activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public
entity’s chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and
assess
Page
10
Notes
to Financial Statements (Continued)
First Trust RBA
Deglobalization ETF (DGLO)
September 30, 2025
its performance,
and has discrete financial information available. The CODM is the President and Chief Executive Officer of the Fund. The
Fund operates as a single operating segment. The Fund’s income, expenses, assets, changes in net assets resulting from operations
and performance are regularly monitored and assessed
as a whole by the CODM responsible for oversight functions of the Fund, using the
information presented in the financial statements and financial highlights.
3. Investment
Advisory Fee, Affiliated Transactions and Other Fee Arrangements
First Trust, the investment advisor
to the Fund, is a limited partnership with one limited partner, Grace Partners of DuPage L.P., and one
general partner, The Charger Corporation. The Charger Corporation is an Illinois corporation controlled by James A. Bowen, Chief
Executive Officer of First Trust. First Trust is responsible for the selection and ongoing monitoring of the securities in the Fund’s
portfolio, managing the Fund’s business affairs and providing certain administrative services necessary for the management of the
Fund.
Pursuant to the Investment Management
Agreement between the Trust and the Advisor, First Trust manages the investment of the Fund’s
assets and is responsible for the Fund’s expenses, including the cost of transfer agency, custody, fund administration, legal, audit,
and other services, but excluding fee payments under the Investment Management Agreement, interest, taxes, if any, brokerage commissions
and other expenses connected with the execution of portfolio transactions, distribution and service fees payable pursuant to
a Rule 12b-1 plan, if any, acquired fund fees and expenses, and extraordinary expenses. The annual unitary management fee payable
by the Fund to First Trust for these services will be reduced at certain levels of the Fund’s net assets (“breakpoints”)
and calculated pursuant to the following schedule:
|
Breakpoints
|
|
|
Fund
net assets up to and including $2.5 billion |
0.7000
% |
|
Fund
net assets greater than $2.5 billion up to and including $5 billion |
0.6825
% |
|
Fund
net assets greater than $5 billion up to and including $7.5 billion |
0.6650
% |
|
Fund
net assets greater than $7.5 billion up to and including $10 billion |
0.6475
% |
|
Fund
net assets greater than $10 billion up to and including $15 billion |
0.6300
% |
|
Fund
net assets greater than $15 billion |
0.5955
% |
The Trust has multiple service
agreements with The Bank of New York Mellon (“BNY”). Under the service agreements, BNY performs
custodial, fund accounting, certain administrative services, and transfer agency services for the Fund. As custodian, BNY is responsible
for custody of the Fund’s assets. As fund accountant and administrator, BNY is responsible for maintaining the books and records
of the Fund’s securities and cash. As transfer agent, BNY is responsible for maintaining shareholder records for the Fund. BNY
is a subsidiary of The Bank of New York Mellon Corporation, a financial holding company.
Each Trustee who is not an officer
or employee of First Trust, any sub-advisor or any of their affiliates (“Independent Trustees”) is paid
a fixed annual retainer that is allocated equally among each fund in the First Trust Fund Complex. Each Independent Trustee is also
paid an annual per fund fee that varies based on whether the fund is a closed-end or other actively managed fund, a target outcome
fund or an index fund.
Additionally, the Chairs of the
Audit Committee, Nominating and Governance Committee and Valuation Committee, the Vice Chair of
the Audit Committee, the Lead Independent Trustee and the Vice Lead Independent Trustee are paid annual fees to serve in such capacities,
with such compensation allocated pro rata among each fund in the First Trust Fund Complex based on net assets. Independent
Trustees are reimbursed for travel and out-of-pocket expenses in connection with all meetings. The Committee Chairs, the
Audit Committee Vice Chair, the Lead Independent Trustee and the Vice Lead Independent Trustee rotate periodically in serving in
such capacities. The officers and “Interested” Trustee receive no compensation from the Trust for acting in such capacities.
4. Purchases
and Sales of Securities
For the fiscal period ended September
30, 2025, the cost of purchases and proceeds from sales of investments, excluding short-term investments
and in-kind transactions, were $4,642 and $1,128, respectively.
For the fiscal period ended September
30, 2025, the cost of in-kind purchases and proceeds from in-kind sales were $991,702 and $0, respectively.
Page
11
Notes
to Financial Statements (Continued)
First Trust RBA
Deglobalization ETF (DGLO)
September 30, 2025
5. Creations,
Redemptions and Transaction Fees
The Fund generally issues and
redeems its shares in primary market transactions through a creation and redemption mechanism and does
not sell or redeem individual shares. Instead, financial entities known as “Authorized Participants” have contractual arrangements
with the Fund or one of the Fund’s service providers
to purchase and redeem Fund shares directly with the Fund in Creation Units. Prior
to the start of trading on every business day, the Fund publishes through the National Securities Clearing Corporation the “basket”
of securities, cash or other assets that it will accept in exchange for a Creation Unit of the Fund’s shares. An Authorized Participant
that wishes to effectuate a creation of the Fund’s shares deposits with the Fund the “basket” of securities, cash or
other assets identified by the Fund that day, and then
receives the Creation Unit of the Fund’s shares in return for those assets. After purchasing
a Creation Unit, the Authorized Participant may continue to hold the Fund’s shares or sell them in the secondary market. The
redemption process is the reverse of the purchase process:
the Authorized Participant redeems a Creation Unit
of the Fund’s shares for a basket of securities,
cash or other assets. The combination of the creation and redemption process with secondary market trading
in the Fund’s shares and underlying securities provides arbitrage opportunities that are designed to help keep the market price
of the Fund’s shares at or close to the NAV per
share of the Fund.
The Fund imposes fees in connection
with the purchase of Creation Units. These fees may vary based upon various fact-based circumstances,
including, but not limited to, the composition of the securities included in the Creation Unit or the countries in which the
transactions are settled. The price for each Creation Unit will equal the daily NAV per share of the Fund times the number of shares
in a Creation Unit, plus the fees described above and, if applicable, any operational processing and brokerage costs, transfer fees,
stamp taxes and part or all of the spread between the expected bid and offer side of the market related to the securities comprising the
creation basket.
The Fund also imposes fees in
connection with the redemption of Creation Units. These fees may vary based upon various fact-based circumstances,
including, but not limited to, the composition of the securities included in the Creation Unit or the countries in which the
transactions are settled. The price received for each Creation Unit will equal the daily NAV per share of the Fund times the number of
shares in a Creation Unit, minus the fees described above and, if applicable, any operational processing and brokerage costs, transfer
fees, stamp taxes and part or all of the spread between the expected bid and offer side of the market related to the securities comprising
the redemption basket. Investors who use the services of a broker or other such intermediary in addition to an Authorized Participant
to effect a redemption of a Creation Unit may also be assessed an amount to cover the cost of such services. The redemption
fee charged by the Fund will comply with Rule 22c-2 of the 1940 Act which limits redemption fees to no more than 2% of the
value of the shares redeemed.
6. Distribution
Plan
The Board of Trustees adopted
a Distribution and Service Plan pursuant to Rule 12b-1 under the 1940 Act. In accordance with the Rule
12b-1 plan, the Fund is authorized to pay an amount up to 0.25% of its average daily net assets each year to reimburse First Trust Portfolios
L.P. (“FTP”), the distributor of the Fund, for amounts expended to finance activities primarily intended to result in the
sale of Creation Units or the provision of investor
services. FTP may also use this amount to compensate securities dealers or other persons that
are Authorized Participants for providing distribution assistance, including broker-dealer and shareholder support and educational and
promotional services.
No 12b-1 fees are currently paid
by the Fund, and pursuant to a contractual arrangement, no 12b-1 fees will be paid any time before July
31, 2027.
7. Indemnification
The Trust, on behalf of the Fund,
has a variety of indemnification obligations under contracts with its service providers. The Trust’s maximum
exposure under these arrangements is unknown. However, the Trust has not had prior claims or losses pursuant to these contracts
and expects the risk of loss to be remote.
8. Subsequent
Events
Management has evaluated the
impact of all subsequent events on the Fund through the date the financial statements were issued and has
determined that there were no subsequent events requiring recognition or disclosure in the financial statements that have not already
been disclosed.
Page
12
Report
of Independent Registered Public Accounting Firm
To the Shareholders and
the Board of Trustees of First Trust Exchange-Traded Fund VI:
Opinion on the Financial Statements and Financial
Highlights
We have audited the accompanying
statement of assets and liabilities, including the portfolio of investments of First Trust RBA Deglobalization
(the “Fund”), one of the funds constituting First Trust Exchange-Traded Fund VI, as of September 30, 2025, and the related
statements of operations, changes in net assets, and financial highlights for the period from August 6, 2025 (commencement of investment
operations), through September 30, 2025; and the related notes (collectively referred to as the “financial statements and financial
highlights”). In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial
position of the Fund as of September 30, 2025, and the results of its operations, the changes in its net assets, and the financial highlights
for the period from August 6, 2025 (commencement of investment operations), through September 30, 2025, in conformity with
accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements and
financial highlights are the responsibility of the Fund’s management. Our responsibility is to express an opinion
on the Fund’s financial statements and financial highlights based on our audit. We are a public accounting firm registered with
the Public Company Accounting Oversight Board (United
States) (PCAOB) and are required to be independent with respect to the Fund
in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission
and the PCAOB.
We conducted our audit in accordance
with the standards of the PCAOB. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether
due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial
reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for
the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly,
we express no such opinion.
Our audit included performing
procedures to assess the risks of material misstatement of the financial statements and financial highlights,
whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on
a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audit also included
evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation
of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of September
30, 2025, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other
auditing procedures. We believe that our audit provides a reasonable basis for our opinion.
/s/ Deloitte & Touche, LLP
Chicago,
Illinois
November 20, 2025
November 20, 2025
We have served as the auditor
of one or more First Trust investment companies since 2001.
Page
13
Other
Information
First Trust RBA
Deglobalization ETF (DGLO)
September 30, 2025 (Unaudited)
Changes in and Disagreements with Accountants (Item 8 of Form N-CSR)
There were no changes in or disagreements
with the Fund’s accountants during the fiscal period ended September 30, 2025.
Proxy Disclosures (Item 9 of Form N-CSR)
At a special meeting of shareholders
of First Trust Exchange-Traded Fund VI (the “Trust”) that was held on August 12, 2025 (the “Special
Meeting”), shareholders of record as of June 9, 2025 (the “Record Date”) approved a proposal (the “Proposal”)
to elect or re-elect, as applicable, each of the eight
nominees listed below to the Board of Trustees of the Trust (the “Board”). Shareholders of each
series of the Trust that had publicly offered shares as of the Record Date (each, a “fund”) voted together with shareholders
of the other funds on the Proposal, and the results
are set forth below. There were no broker non-votes.
|
James
A. Bowen*
Votes
For
Votes
Withheld |
651,722,898
5,064,462
|
|
Thomas
J. Driscoll**
Votes
For
Votes
Withheld |
651,998,702
4,788,658
|
|
Richard
E. Erickson*
Votes
For
Votes
Withheld |
643,054,997
13,732,363
|
|
Thomas
R. Kadlec*
Votes
For
Votes
Withheld |
643,100,488
13,686,872
|
|
Denise
M. Keefe***
Votes
For
Votes
Withheld |
651,736,288
5,051,072
|
|
Robert
F. Keith*
Votes
For
Votes
Withheld |
643,383,276
13,404,084
|
|
Niel
B. Nielson*
Votes
For
Votes
Withheld |
643,178,094
13,609,266
|
|
Bronwyn
Wright***
Votes
For
Votes
Withheld |
412,521,907
244,265,453
|
|
*
|
This
nominee was re-elected to the Board at the Special Meeting. |
|
**
|
This
nominee was elected to the Board as a new Trustee at the Special Meeting. |
|
***
|
This
nominee was elected to the Board at the Special Meeting and had previously been appointed to the Board. |
Remuneration Paid to Directors, Officers,
and Others (Item 10 of Form N-CSR)
Independent Trustees and any
member of any advisory board of the Fund are compensated through the unitary management fee paid by
the Fund to the advisor and not directly by the Fund. The investment advisory fee paid is included in the Statement of Operations.
Statement Regarding the Basis for the Board’s
Approval of Investment Advisory Contract (Item 11 of Form N-CSR)
The Board of Trustees of First
Trust Exchange-Traded Fund VI (the “Trust”), including the Independent Trustees, approved the Investment
Management Agreement (the “Agreement”) with First Trust Advisors L.P. (the “Advisor”), on behalf of First Trust
RBA Deglobalization ETF (the “Fund”), for
an initial two-year term at a meeting held on June 9, 2024. The Board determined that the Agreement
is in the best interests of the Fund in light of the nature, extent and quality of the services expected to be provided and such other
matters as the Board considered to be relevant in the exercise of its business judgment.
Page
14
Other
Information (Continued)
First Trust RBA
Deglobalization ETF (DGLO)
September 30, 2025 (Unaudited)
To reach
this determination, the Board considered its duties under the Investment Company Act of 1940, as amended (the “1940 Act”),
as well as under the general principles of state law, in reviewing and approving advisory contracts; the requirements of the 1940 Act
in such matters; the fiduciary duty of investment advisors with respect to advisory agreements and compensation; the standards used
by courts in determining whether investment company boards have fulfilled their duties; and the factors to be considered by the Board
in voting on such agreements. To assist the Board in its evaluation of the Agreement for the Fund, the Independent Trustees received
a report from the Advisor in advance of the Board meeting responding to a request for information from counsel to the Independent
Trustees, submitted on behalf of the Independent Trustees, that, among other things, outlined:
the services to be provided by
the Advisor to the Fund (including the relevant personnel responsible for these services and their experience); the proposed unitary fee
rate schedule payable by the Fund as compared to fees charged to a peer group of funds (the “Expense Group”) and a broad peer
universe of funds (the “Expense Universe”),
each assembled by Broadridge Financial Solutions, Inc. (“Broadridge”), an independent source,
and as compared to fees charged to other exchange-traded funds (“ETFs”) managed by the Advisor; the estimated expense ratio
of the Fund as compared to expense ratios of the funds in the Fund’s Expense Group and Expense Universe; the nature of expenses
to be incurred in providing services to the Fund and the potential for the Advisor to realize economies of scale, if any; profitability
and other financial data for the Advisor; any indirect benefits to the Advisor and its affiliate, First Trust Portfolios L.P. (“FTP”);
and information on the Advisor’s compliance program. The Independent Trustees and their counsel also met separately to discuss
the information provided by the Advisor. The Board applied its business judgment to determine whether the arrangement between
the Trust and the Advisor is a reasonable business arrangement from the Fund’s perspective.
In evaluating whether to approve
the Agreement for the Fund, the Board considered the nature, extent and quality of the services to be provided
by the Advisor under the Agreement and considered that employees of the Advisor provide management services to other ETFs
and to other funds in the First Trust Fund Complex with diligence and care. The Board considered that the Advisor will be responsible
for the overall management and administration of the Fund and reviewed all of the services to be provided by the Advisor to
the Fund. The Board also considered the background and experience of the persons who will be responsible for the day-to-day management
of the Fund’s investments. In reviewing the services to be provided, the Board noted the compliance program that had been
developed by the Advisor and considered that it includes a robust program for monitoring the Advisor’s and the Fund’s compliance
with the 1940 Act, as well as the Fund’s compliance with its investment objective, policies and restrictions. Because the Fund
had yet to commence investment operations, the Board could not consider the historical investment performance of the Fund. Because
the Fund is an index ETF that is designed to track the performance of an underlying index, the Board considered reports it receives
on a quarterly basis showing the correlation and tracking error between other ETFs for which the Advisor serves as investment
advisor and their applicable underlying indexes. In light of the information presented and the considerations made, the Board
concluded that the nature, extent and quality of the services to be provided to the Fund by the Advisor under the Agreement are expected
to be satisfactory.
The Board considered the proposed
unitary fee rate schedule payable by the Fund under the Agreement for the services to be provided. The
Board noted that, under the unitary fee arrangement, the Fund would pay the Advisor a unitary fee starting at an annual rate of 0.70%
of its average daily net assets, subject to a breakpoint schedule pursuant to which the unitary fee rate would be reduced as assets
of the Fund meet certain thresholds. The Board noted that the Advisor would be responsible for the Fund’s expenses, including the
cost of transfer agency, custody, fund administration, legal, audit and other services and license fees, if any, but excluding the fee
payment under the Agreement and interest, taxes, acquired
fund fees and expenses, if any, brokerage commissions and other expenses connected
with the execution of portfolio transactions (such as dividend and distribution expenses from securities sold short and/or other
investment-related costs), distribution and service fees pursuant to a Rule 12b-1 plan, if any, and extraordinary expenses, if any. The
Board received and reviewed information showing the fee rates and expense ratios of the peer funds in the Expense Group, as well
as advisory and unitary fee rates charged by the Advisor to other ETFs. Because the Fund will pay a unitary fee, the Board determined
that expense ratios were the most relevant comparative data point. Based on the information provided, the Board noted that the
total (net) expense ratio for the Fund was below the median total (net) expense ratio of the peer funds in the Expense Group. With respect
to the Expense Group, the Board discussed with representatives of the Advisor how the Expense Group was assembled and how
the Fund compared and differed from the peer funds. The Board took this information into account in considering the peer data. With
respect to fees charged to other ETFs managed by the Advisor, the Board considered the Advisor’s statement that the Fund will be
unique to the market and to the First Trust product line but will be most similar to another thematic index ETF in the First Trust Fund
Complex that is managed by the Advisor, which has a unitary fee rate schedule starting at an annual rate of 0.70% of its average daily
net assets. In light of the information considered and the nature, extent and quality of the services expected to be provided to the Fund
under the Agreement, the Board determined that the proposed unitary fee was fair and reasonable.
The Board considered whether
there are any potential economies of scale to be achieved in connection with the Advisor providing investment
advisory services to the Fund and whether the Fund may benefit from any economies of scale. The Board noted that the
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15
Other
Information (Continued)
First Trust RBA
Deglobalization ETF (DGLO)
September 30, 2025 (Unaudited)
proposed
unitary fee rate schedule for the Fund includes breakpoints pursuant to which the unitary fee rate would be reduced as assets of
the Fund meet certain thresholds. The Board considered that the Advisor has continued to build infrastructure and add new staff to improve
the services to the funds in the First Trust Fund Complex. The Board also noted that under the unitary fee structure, any reduction
in expenses associated with the management and operations of the Fund generally would benefit the Advisor, but that the unitary
fee structure provides a level of certainty in expenses for shareholders of the Fund. The Board concluded that the proposed unitary
fee rate schedule for the Fund reflects an appropriate level of sharing of any economies of scale that may be realized in the management
of the Fund at reasonably foreseeable future asset levels. The Board took into consideration the types of costs to be borne by
the Advisor in connection with its services to be performed for the Fund under the Agreement. The Board considered the Advisor’s
estimate of the asset level for the Fund at which the
Advisor expects the Agreement to be profitable to the Advisor and the Advisor’s estimate
of the profitability of the Agreement if the Fund’s assets reach $100 million. The Board noted the inherent limitations in the profitability
analysis and concluded that, based on the information provided, the Advisor’s estimated profitability level for the Fund was
not unreasonable. In addition, the Board considered indirect benefits described by the Advisor that may be realized from its relationship
with the Fund. The Board considered that the Advisor had identified as an indirect benefit to the Advisor and FTP their exposure
to investors and brokers who, absent their exposure to the Fund, may have had no dealings with the Advisor or FTP, and noted
that the Advisor will not utilize soft dollars in connection with the Fund. The Board concluded that the character and amount of potential
indirect benefits to the Advisor were not unreasonable.
Based on all of the information
considered and the conclusions reached, the Board, including the Independent Trustees, determined that
the terms of the Agreement are fair and reasonable and that the approval of the Agreement is in the best interests of the Fund. No single
factor was determinative in the Board’s analysis.
Federal Tax Information
There were no distributions made
by DGLO during the Fund’s fiscal period ended September 30, 2025; therefore, no analysis for the corporate
dividends received deduction and qualified dividend income was completed.
Disclaimer
Richard Bernstein Advisors and
Richard Bernstein Advisors U.S. Deglobalization Index (“Index”) are trademarks and trade names of Richard
Bernstein Advisors (“RBA”). The Fund is not sponsored, endorsed, sold or promoted by RBA and RBA makes no representation
or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of trading
in the Fund. RBA has no obligation to take the needs of First Trust or the owners of the Fund into consideration in determining or
composing the Index. RBA is not responsible for and has not participated in the determination of the timing of, prices at, or quantities
of the Fund to be listed or in the determination or calculation of the equation by which the Fund is to be converted into cash. RBA
has no obligation or liability in connection with the administration, marketing or trading of the Fund.
Page
16
(b) The Financial Highlights is included in the Financial Statements and Other Information filed under Item 7(a) of this Form N-CSR.
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
This information is included in the Financial Statements and Other Information filed under Item 7(a) of this Form N-CSR.
Item 9. Proxy Disclosures for Open-End Management Investment Companies.
This information is included in the Financial Statements and Other Information filed under Item 7(a) of this Form N-CSR.
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
This information is included in the Financial Statements and Other Information filed under Item 7(a) of this Form N-CSR.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
This information is included in the Financial Statements and Other Information filed under Item 7(a) of this Form N-CSR.
Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable to the Registrant.
Item 13. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable to the Registrant.
Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable to the Registrant.
Item 15. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which the shareholders may recommend nominees to the Registrant’s board of directors, where those changes were implemented after the Registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.
Item 16. Controls and Procedures.
| (a) | The Registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
| (b) | There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting. |
Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
| (a) | Not applicable to the Registrant. |
| (b) | Not applicable to the Registrant. |
Item 18. Recovery of Erroneously Awarded Compensation.
| (a) | Not applicable to the Registrant. |
| (b) | Not applicable to the Registrant. |
Item 19. Exhibits.
| (a)(1) | Code of ethics, or any amendment thereto, that is the subject of disclosure required by Item 2 is attached hereto. |
| (a)(2) | Not applicable to the Registrant. |
| (a)(3) | The certifications required by Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
| (a)(4) | Not applicable to the Registrant. |
| (a)(5) | Not applicable to the Registrant. |
| (b) | Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| (registrant) |
First Trust Exchange-Traded Fund VI |
| By (Signature and Title)* | /s/ James M. Dykas | |
| James M. Dykas, President and Chief Executive Officer (principal executive officer) |
| Date: | December 8, 2025 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By (Signature and Title)* | /s/ James M. Dykas | |
| James M. Dykas, President and Chief Executive Officer (principal executive officer) |
| Date: | December 8, 2025 |
| By (Signature and Title)* | /s/ Derek D. Maltbie | |
| Derek D. Maltbie, Treasurer, Chief Financial Officer and Chief Accounting Officer (principal financial officer) |
| Date: | December 8, 2025 |
* Print the name and title of each signing officer under his or her signature.