# EDGAR Filing Document

**Accession Number:** 0001667919
**File Stem:** 0001445546-25-007473
**Filing Date:** 2025-11
**Character Count:** 2989153
**Document Hash:** 0fa182fe184e8bc48e0ea19efeacbe14
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001445546-25-007473.hdr.sgml**: 20251110

**ACCESSION NUMBER**: 0001445546-25-007473

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 138

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251110

**DATE AS OF CHANGE**: 20251110

**EFFECTIVENESS DATE**: 20251110

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST EXCHANGE-TRADED FUND VIII
- **CENTRAL INDEX KEY:** 0001667919

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23147
- **FILM NUMBER:** 251466750

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

## Series and Classes Contracts Data

### First Trust Income Opportunities ETF (Series ID: S000053967)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000169819 | First Trust Income Opportunities ETF | FCEF            |

### First Trust Flexible Municipal High Income ETF (Series ID: S000053970)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000169822 | First Trust Flexible Municipal High Income ETF | MFLX            |

### First Trust Smith Opportunistic Fixed Income ETF (Series ID: S000056501)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000178745 | First Trust Smith Opportunistic Fixed Income ETF | FIXD            |

### First Trust Smith Unconstrained Bond ETF (Series ID: S000061961)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000200735 | First Trust Smith Unconstrained Bond ETF | UCON            |

### First Trust Low Duration Strategic Focus ETF (Series ID: S000063239)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000205110 | First Trust Low Duration Strategic Focus ETF | LDSF            |

### FT Vest U.S. Equity Buffer ETF - August (Series ID: S000065187)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000211017 | FT Vest U.S. Equity Buffer ETF - August | FAUG            |

### FT Vest U.S. Equity Deep Buffer ETF - August (Series ID: S000065188)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000211018 | FT Vest U.S. Equity Deep Buffer ETF - August | DAUG            |

### FT Vest U.S. Equity Buffer ETF - November (Series ID: S000066684)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000214901 | FT Vest U.S. Equity Buffer ETF - November | FNOV            |

### FT Vest U.S. Equity Deep Buffer ETF - November (Series ID: S000066686)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000214903 | FT Vest U.S. Equity Deep Buffer ETF - November | DNOV            |

### First Trust Active Factor Large Cap ETF (Series ID: S000066788)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000215122 | First Trust Active Factor Large Cap ETF | AFLG            |

### First Trust Active Factor Mid Cap ETF (Series ID: S000066789)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000215123 | First Trust Active Factor Mid Cap ETF | AFMC            |

### First Trust Active Factor Small Cap ETF (Series ID: S000066790)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000215124 | First Trust Active Factor Small Cap ETF | AFSM            |

### First Trust Multi-Manager Large Growth ETF (Series ID: S000067359)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000216581 | First Trust Multi-Manager Large Growth ETF | MMLG            |

### FT Vest U.S. Equity Buffer ETF - February (Series ID: S000067879)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000217668 | FT Vest U.S. Equity Buffer ETF - February | FFEB            |

### FT Vest U.S. Equity Deep Buffer ETF - February (Series ID: S000067881)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000217670 | FT Vest U.S. Equity Deep Buffer ETF - February | DFEB            |

### FT Vest U.S. Equity Buffer ETF - May (Series ID: S000068217)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000218407 | FT Vest U.S. Equity Buffer ETF - May | FMAY            |

### FT Vest U.S. Equity Deep Buffer ETF - May (Series ID: S000068219)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000218409 | FT Vest U.S. Equity Deep Buffer ETF - May | DMAY            |

### First Trust Securitized Plus ETF (Series ID: S000068300)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000218639 | First Trust Securitized Plus ETF | DEED            |

### FT Vest Laddered Buffer ETF (Series ID: S000068605)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000219511 | FT Vest Laddered Buffer ETF | BUFR            |

### FT Vest U.S. Equity Buffer ETF - June (Series ID: S000068692)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000219662 | FT Vest U.S. Equity Buffer ETF - June | FJUN            |

### FT Vest U.S. Equity Deep Buffer ETF - June (Series ID: S000068694)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000219664 | FT Vest U.S. Equity Deep Buffer ETF - June | DJUN            |

### FT Vest U.S. Equity Deep Buffer ETF - July (Series ID: S000068853)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000220038 | FT Vest U.S. Equity Deep Buffer ETF - July | DJUL            |

### FT Vest U.S. Equity Buffer ETF - July (Series ID: S000068855)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000220040 | FT Vest U.S. Equity Buffer ETF - July | FJUL            |

### FT Vest U.S. Equity Buffer ETF - September (Series ID: S000069329)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000221308 | FT Vest U.S. Equity Buffer ETF - September | FSEP            |

### FT Vest U.S. Equity Deep Buffer ETF - September (Series ID: S000069332)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000221311 | FT Vest U.S. Equity Deep Buffer ETF - September | DSEP            |

### FT Vest U.S. Equity Buffer ETF - October (Series ID: S000069649)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000222135 | FT Vest U.S. Equity Buffer ETF - October | FOCT            |

### FT Vest U.S. Equity Deep Buffer ETF - October (Series ID: S000069651)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000222137 | FT Vest U.S. Equity Deep Buffer ETF - October | DOCT            |

### FT Vest U.S. Equity Buffer ETF - December (Series ID: S000070187)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000223224 | FT Vest U.S. Equity Buffer ETF - December | FDEC            |

### FT Vest U.S. Equity Deep Buffer ETF - December (Series ID: S000070189)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000223226 | FT Vest U.S. Equity Deep Buffer ETF - December | DDEC            |

### FT Vest Nasdaq-100 Buffer ETF - December (Series ID: S000070225)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000223312 | FT Vest Nasdaq-100 Buffer ETF - December | QDEC            |

### FT Vest International Equity Moderate Buffer ETF - December (Series ID: S000070228)

| Class ID   | Class Name                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000223318 | FT Vest International Equity Moderate Buffer ETF - December | YDEC            |

### FT Vest U.S. Equity Buffer ETF - January (Series ID: S000070584)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000224230 | FT Vest U.S. Equity Buffer ETF - January | FJAN            |

### FT Vest U.S. Equity Deep Buffer ETF - January (Series ID: S000070586)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000224232 | FT Vest U.S. Equity Deep Buffer ETF - January | DJAN            |

### FT Vest Laddered Deep Buffer ETF (Series ID: S000070644)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000224383 | FT Vest Laddered Deep Buffer ETF | BUFD            |

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June (Series ID: S000070764)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000224911 | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June | XJUN            |

### FT Vest U.S. Equity Buffer ETF - March (Series ID: S000071218)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000226050 | FT Vest U.S. Equity Buffer ETF - March | FMAR            |

### FT Vest U.S. Equity Deep Buffer ETF - March (Series ID: S000071219)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000226051 | FT Vest U.S. Equity Deep Buffer ETF - March | DMAR            |

### FT Vest Nasdaq-100 Buffer ETF - March (Series ID: S000071222)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000226054 | FT Vest Nasdaq-100 Buffer ETF - March | QMAR            |

### FT Vest International Equity Moderate Buffer ETF - March (Series ID: S000071223)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000226055 | FT Vest International Equity Moderate Buffer ETF - March | YMAR            |

### FT Vest U.S. Equity Buffer ETF - April (Series ID: S000071432)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000226537 | FT Vest U.S. Equity Buffer ETF - April | FAPR            |

### FT Vest U.S. Equity Deep Buffer ETF - April (Series ID: S000071434)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000226539 | FT Vest U.S. Equity Deep Buffer ETF - April | DAPR            |

### First Trust Innovation Leaders ETF (Series ID: S000071847)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000227373 | First Trust Innovation Leaders ETF | ILDR            |

### First Trust Expanded Technology ETF (Series ID: S000071978)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000227615 | First Trust Expanded Technology ETF | XPND            |

### FT Vest Nasdaq-100 Buffer ETF - June (Series ID: S000072098)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000227832 | FT Vest Nasdaq-100 Buffer ETF - June | QJUN            |

### FT Vest International Equity Moderate Buffer ETF - June (Series ID: S000072100)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000227834 | FT Vest International Equity Moderate Buffer ETF - June | YJUN            |

### FT Vest Nasdaq-100 Buffer ETF - September (Series ID: S000073408)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000230294 | FT Vest Nasdaq-100 Buffer ETF - September | QSPT            |

### FT Vest International Equity Moderate Buffer ETF - September (Series ID: S000073410)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000230296 | FT Vest International Equity Moderate Buffer ETF - September | YSEP            |

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December (Series ID: S000073414)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000230301 | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December | XDEC            |

### First Trust SkyBridge Crypto Industry and Digital Economy ETF (Series ID: S000073441)

| Class ID   | Class Name                                                    | Ticker Symbol   |
|:---|:---|:---|
| C000230351 | First Trust SkyBridge Crypto Industry and Digital Economy ETF | CRPT            |

### First Trust Multi-Manager Small Cap Opportunities ETF (Series ID: S000073489)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000230440 | First Trust Multi-Manager Small Cap Opportunities ETF | MMSC            |

### FT Vest Buffered Allocation Growth ETF (Series ID: S000074006)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000231328 | FT Vest Buffered Allocation Growth ETF | BUFG            |

### FT Vest Buffered Allocation Defensive ETF (Series ID: S000074008)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000231330 | FT Vest Buffered Allocation Defensive ETF | BUFT            |

### FT Vest Laddered Nasdaq Buffer ETF (Series ID: S000076430)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000236305 | FT Vest Laddered Nasdaq Buffer ETF | BUFQ            |

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September (Series ID: S000077392)

| Class ID   | Class Name                                                    | Ticker Symbol   |
|:---|:---|:---|
| C000237796 | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September | XSEP            |

### FT Vest U.S. Small Cap Moderate Buffer ETF - May (Series ID: S000079075)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000239915 | FT Vest U.S. Small Cap Moderate Buffer ETF - May | SMAY            |

### FT Vest U.S. Equity Moderate Buffer ETF - January (Series ID: S000079228)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000240186 | FT Vest U.S. Equity Moderate Buffer ETF - January | GJAN            |

### First Trust Multi-Strategy Alternative ETF (Series ID: S000079512)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000240568 | First Trust Multi-Strategy Alternative ETF | LALT            |

### FT Vest U.S. Equity Moderate Buffer ETF - February (Series ID: S000079668)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000240892 | FT Vest U.S. Equity Moderate Buffer ETF - February | GFEB            |

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March (Series ID: S000079851)

| Class ID   | Class Name                                                | Ticker Symbol   |
|:---|:---|:---|
| C000241255 | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March | XMAR            |

### FT Vest U.S. Equity Moderate Buffer ETF - March (Series ID: S000079853)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000241257 | FT Vest U.S. Equity Moderate Buffer ETF - March | GMAR            |

### FT Vest U.S. Equity Moderate Buffer ETF - April (Series ID: S000079967)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000241464 | FT Vest U.S. Equity Moderate Buffer ETF - April | GAPR            |

### FT Vest U.S. Equity Moderate Buffer ETF - May (Series ID: S000080201)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000241937 | FT Vest U.S. Equity Moderate Buffer ETF - May | GMAY            |

### FT Vest U.S. Equity Moderate Buffer ETF - August (Series ID: S000080497)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000242927 | FT Vest U.S. Equity Moderate Buffer ETF - August | GAUG            |

### FT Vest U.S. Equity Moderate Buffer ETF - July (Series ID: S000080498)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000242928 | FT Vest U.S. Equity Moderate Buffer ETF - July | GJUL            |

### FT Vest U.S. Equity Moderate Buffer ETF - June (Series ID: S000080499)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000242929 | FT Vest U.S. Equity Moderate Buffer ETF - June | GJUN            |

### FT Vest U.S. Equity Moderate Buffer ETF - December (Series ID: S000080504)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000242934 | FT Vest U.S. Equity Moderate Buffer ETF - December | GDEC            |

### FT Vest U.S. Equity Moderate Buffer ETF - November (Series ID: S000080505)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000242935 | FT Vest U.S. Equity Moderate Buffer ETF - November | GNOV            |

### FT Vest U.S. Equity Moderate Buffer ETF - October (Series ID: S000080506)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000242936 | FT Vest U.S. Equity Moderate Buffer ETF - October | GOCT            |

### FT Vest U.S. Equity Moderate Buffer ETF - September (Series ID: S000080507)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000242937 | FT Vest U.S. Equity Moderate Buffer ETF - September | GSEP            |

### FT Vest Laddered Moderate Buffer ETF (Series ID: S000080712)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000243241 | FT Vest Laddered Moderate Buffer ETF | BUFZ            |

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August (Series ID: S000080851)

| Class ID   | Class Name                                                 | Ticker Symbol   |
|:---|:---|:---|
| C000243421 | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August | XAUG            |

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July (Series ID: S000080852)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000243422 | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July | XJUL            |

### FT Vest U.S. Small Cap Moderate Buffer ETF - August (Series ID: S000081334)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000244041 | FT Vest U.S. Small Cap Moderate Buffer ETF - August | SAUG            |

### FT Vest U.S. Equity Buffer & Premium Income ETF - September (Series ID: S000081790)

| Class ID   | Class Name                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000244790 | FT Vest U.S. Equity Buffer & Premium Income ETF - September | XISE            |

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April (Series ID: S000082286)

| Class ID   | Class Name                                                | Ticker Symbol   |
|:---|:---|:---|
| C000245572 | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April | XAPR            |

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February (Series ID: S000082287)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000245573 | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February | XFEB            |

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January (Series ID: S000082288)

| Class ID   | Class Name                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000245574 | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January | XJAN            |

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (Series ID: S000082289)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000245575 | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May | XMAY            |

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November (Series ID: S000082290)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000245576 | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November | XNOV            |

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October (Series ID: S000082291)

| Class ID   | Class Name                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000245577 | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October | XOCT            |

### FT Vest U.S. Small Cap Moderate Buffer ETF - November (Series ID: S000082806)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000246128 | FT Vest U.S. Small Cap Moderate Buffer ETF - November | SNOV            |

### FT Vest U.S. Equity Buffer & Premium Income ETF - December (Series ID: S000083165)

| Class ID   | Class Name                                                 | Ticker Symbol   |
|:---|:---|:---|
| C000246681 | FT Vest U.S. Equity Buffer & Premium Income ETF - December | XIDE            |

### FT Vest U.S. Small Cap Moderate Buffer ETF - February (Series ID: S000083345)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000246916 | FT Vest U.S. Small Cap Moderate Buffer ETF - February | SFEB            |

### FT Vest U.S. Equity Buffer & Premium Income ETF - March (Series ID: S000084318)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000248689 | FT Vest U.S. Equity Buffer & Premium Income ETF - March | XIMR            |

### FT Vest Nasdaq-100 Moderate Buffer ETF - August (Series ID: S000084421)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000248798 | FT Vest Nasdaq-100 Moderate Buffer ETF - August | QMAG            |

### FT Vest Nasdaq-100 Moderate Buffer ETF - February (Series ID: S000084422)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000248799 | FT Vest Nasdaq-100 Moderate Buffer ETF - February | QMFE            |

### FT Vest Nasdaq-100 Moderate Buffer ETF - May (Series ID: S000084423)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000248800 | FT Vest Nasdaq-100 Moderate Buffer ETF - May | QMMY            |

### FT Vest Nasdaq-100 Moderate Buffer ETF - November (Series ID: S000084424)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000248801 | FT Vest Nasdaq-100 Moderate Buffer ETF - November | QMNV            |

### FT Vest Nasdaq-100 Conservative Buffer ETF - April (Series ID: S000084429)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000248806 | FT Vest Nasdaq-100 Conservative Buffer ETF - April | QCAP            |

### FT Vest Nasdaq-100 Conservative Buffer ETF - January (Series ID: S000084430)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000248807 | FT Vest Nasdaq-100 Conservative Buffer ETF - January | QCJA            |

### FT Vest Nasdaq-100 Conservative Buffer ETF - July (Series ID: S000084431)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000248808 | FT Vest Nasdaq-100 Conservative Buffer ETF - July | QCJL            |

### FT Vest Nasdaq-100 Conservative Buffer ETF - October (Series ID: S000084432)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000248809 | FT Vest Nasdaq-100 Conservative Buffer ETF - October | QCOC            |

### FT Vest Laddered Small Cap Moderate Buffer ETF (Series ID: S000085089)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000249954 | FT Vest Laddered Small Cap Moderate Buffer ETF | BUFS            |

### FT Vest Laddered International Moderate Buffer ETF (Series ID: S000085091)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000249956 | FT Vest Laddered International Moderate Buffer ETF | BUFY            |

### FT Vest U.S. Equity Buffer & Premium Income ETF - June (Series ID: S000085353)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000250352 | FT Vest U.S. Equity Buffer & Premium Income ETF - June | XIJN            |

### FT Vest Laddered Enhance & Moderate Buffer ETF (Series ID: S000093228)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000261390 | FT Vest Laddered Enhance & Moderate Buffer ETF | BUFX            |

?xml version='1.0' encoding='ASCII'? 6d2da658-8d98-497b-bfa6-610f3aeff4af

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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#### FORM N-CSR

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#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number

811-23147

First Trust Exchange-Traded Fund VIII

(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:

&nbsp;&nbsp;&nbsp;&nbsp;(630) 765-8000

Date of fiscal year end:

August 31

Date of reporting period:

August 31, 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.

![TSR - First Trust Fund Logo](images_28983.jpg)

### First Trust Income Opportunities ETF

#### FCEF \| Nasdaq, Inc.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the First Trust Income Opportunities ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FCEF. 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** |
| First Trust Income Opportunities ETF$90<sup>(1)</sup>0.85%<sup>(1)</sup> |

---

<sup>(1)</sup> 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 11.86% for the 12 months ended August 31, 2025. The Fund underperformed its blended benchmark, which consists of the following two indexes: 60% of the First Trust Equity Closed-End Fund Total Return Index, and 40% of the First Trust Taxable Fixed Income

Closed-End Fund Total Return Index. The blended benchmark returned 13.58% for the same Period.

This underperformance primarily resulted from allocation on the equity side of the portfolio. The main drag on the portfolio for the Period was an over-allocation in the Healthcare sector. Despite an overall strong equity market, the healthcare space saw an overall loss in the closed-end fund space. Much of this weakness came as a result of the new Trump Administration's approach to U.S. drug prices, the U.S. Food and Drug Administration, and vaccine mandates.

The Fund continues to focus on funds that offer strong total return potential. While we have seen discounts within the fixed income space all but evaporate during the Period, the potential for action by the Federal Reserve may spur strength in funds underlying net asset values and cause share prices to follow suit. On the equity side of the ledger, strength in the underlying equity markets continued to push both net asset values and share prices higher. During the Period, the Fund saw great success in the utility and infrastructure space as the growth of Artificial Intelligence was a top headline.

Discounts to net asset value overall narrowed over this Period. This was especially evident in the equity space, where the average discount went from a 7.32% at the end of 2024 fiscal year to a -5.45% at the end of the current fiscal year. In regard to Taxable Fixed Income, closed-end funds experienced almost no change overall during the Period. Here the discounts moved from an average of -0.36% at the end of 2024 fiscal year to an average of -0.48% for the 2025 fiscal year. The Fund's overall discount narrowed during the Period from -6.11% to -4.13%.

The Fund continued to make a conscious effort to continue to pay an attractive distribution to shareholders, one that consists predominately of income from the underlying funds.

The Fund will remain opportunistic in identifying opportunities within the closed-end fund space. Strong returns over the past two years have reduced some inefficiencies making it more important to perform proper analysis to identify opportunities. We will remain active inside the portfolio in the year ahead.

#### FUND PERFORMANCE (September 27, 2016 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573667.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(9/27/16)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Income Opportunities ETF | 11.86% | 9.49% | 7.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Index | 15.84% | 14.11% | 14.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;Blended Benchmark<sup>(1)</sup> | 13.58% | 9.37% | 7.57% |

---

(1) A blended benchmark (the "Blended Benchmark") comprised 60% of the First Trust Equity Closed-End Fund Total Return Index, a cap-weighted index (based on NAV) designed to provide a broad representation of the equity based closed-end fund universe, and 40% of the First Trust Taxable Fixed Income Closed-End Fund Total Return Index, a cap-weighted index (based on NAV) designed to provide a broad representation of the taxable fixed income closed-end fund universe, has been selected as a secondary benchmark to provide a more direct correlation to the Fund's underlying portfolio. The Blended Benchmark returns are calculated by using the monthly return of the two indices during each period shown above. At the beginning of each month the two indices are rebalanced to a 60-40 ratio to account for divergence from that ratio that occurred during the course of each month. The monthly returns are then compounded for each period shown above, giving the performance for the Blended Benchmark for each period shown above.

**Visit www.ftportfolios.com/etf/FCEF 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$53724305 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;59 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$366073 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;15% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments and percentage of net assets, respectively, of the Fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class | 4.3% |
| Invesco Variable Rate Investment Grade ETF | 3.7% |
| Eaton Vance Tax-Advantaged Global Dividend Income Fund | 3.5% |
| Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund | 3.3% |
| Eaton Vance Tax-Advantaged Dividend Income Fund | 3.3% |
| John Hancock Tax-Advantaged Dividend Income Fund | 3.2% |
| abrdn Global Infrastructure Income Fund | 3.2% |
| FS Credit Opportunities Corp. | 3.0% |
| Source Capital, Inc. | 2.9% |
| Gabelli Dividend & Income (The) Trust | 2.9% |

---

**Fund Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10573677.jpg)

Any amount shown as 0.0% represents less than 0.1%.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FCEF 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.

First Trust Income Opportunities ETF (FCEF)

![TSR - First Trust Fund Logo](images_28983.jpg)

### First Trust Flexible Municipal High Income ETF

#### MFLX \| Nasdaq, Inc.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the First Trust Flexible Municipal High Income ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/MFLX. 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** |
| First Trust Flexible Municipal High Income ETF$74<sup>(1)</sup>0.75%<sup>(1)</sup> |

---

<sup>(1)</sup> 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 -1.78% for the 12 months ended August 31, 2025. The Fund outperformed its benchmark, the Bloomberg Municipal Long Bond (22+) Index, which returned -3.88% for the same Period.

The following significant Fund factors impacted the Fund's performance relative to the benchmark during the Period:

**Yield Curve Positioning/Duration:** During the Period, the Fund's underweight selection of bonds with 18+ years to maturity and allocation to bonds with a stated maturity of 14-18 years and 4-8 years were the primary contributors to the Fund's outperformance compared to the benchmark. Regarding effective duration, the Fund's underweight allocation and selection of bonds with an effective duration of 10+ years and overweight allocation to bonds with an effective duration of 1-3, 3-5, and 5-7 years were positive contributors to the Fund's performance relative to the benchmark.

**Interest Rate Hedge:** During the Period, the use of U.S. Treasury futures to hedge interest rate risk was a modest detractor to the Fund's performance relative to the benchmark.

**Credit Rating:** The Fund's allocation and selection of non-rated bonds was a positive contributor to the Fund's performance compared to the benchmark during the Period. In addition, the selection of BBB and A rated municipal securities were positive contributors compared to the benchmark. The Fund's allocation to B rated bonds was a modest detractor to the Fund's performance during the Period.

**Sector/Industry:** During the Period, the Fund's selection and allocation to special tax, industrial development bonds, health care and local tax general obligation bonds were positive contributors to Fund performance relative to the benchmark. During the Period, the Fund's allocation to housing and transportation bonds detracted from the Fund's performance relative to the benchmark.

**U.S. Treasury Rate Trends:** During the Period, the 10-year and 30-year U.S. Treasury yields increased by approximately 32 basis points ("bps") and 73 bps, respectively, to 4.22% and 4.93%, respectively.

**New Issue Supply:** During the Period, primary market supply increased approximately 20.7% to $564.6 billion compared with $467.7 billion a year ago (SIFMA, Bloomberg, Barclays Research).

**Municipal Credit Yields:** During the Period, according to Municipal Market Data AAA yield curve data, 10-year and 30-year municipal yields increased 51 bps and 101 bps, respectively, to 3.22% and 4.61%, respectively.

**Municipal Credit Spreads:** During the Period, credit spreads widened for A, BBB, and high yield municipals by approximately 3 bps, 20 bps, and 18 bps, respectively (Bloomberg data).

**Industry Fund Flows:** During the Period, according to data collected by the Investment Company Institute, fund flows totaled approximately $19.87 billion.

#### FUND PERFORMANCE (September 27, 2016 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573709.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(9/27/16)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Flexible Municipal High Income ETF | -1.78% | 0.68% | 1.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bloomberg Municipal Long Bond (22+) Index | -3.88% | -0.86% | 1.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;Blended Benchmark<sup>(1)</sup> | -0.71% | 1.37% | 2.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bloomberg Municipal Bond Index | 0.08% | 0.40% | 1.73% |

---

(1) The Blended Benchmark returns are a 50/50 split between the Bloomberg Municipal High Yield Bond Index and the Bloomberg Municipal Bond Index.

**Visit www.ftportfolios.com/etf/MFLX 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 during certain periods if certain fees had not been waived by the investment advisor.

Performance in municipal bond investment strategies can be impacted from the benefits of purchasing odd lot positions. The impact of these investments can be particularly meaningful when funds have limited assets under management and may not be a sustainable source of performance as a fund grows in size.

KEY FUND STATISTICS (As of August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$16381140 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;72 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$111719 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;33% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of net assets and percentage of total investments, respectively, of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Municipal Bonds | 86.5% |
| Closed-End Funds | 6.7% |
| Net Other Assets and Liabilities | 6.8% |
| Total | 100.0% |

---

**Credit Quality <sup>(1)</sup>**![Graphical Representation - Allocation 2 Chart](chartimages_10573719.jpg)

Any amount shown as 0.0% represents less than 0.1%.

(1) This represents the municipal and closed-end fund holdings in the Fund. The ratings for the Municipal Bond portion of the Fund are by S&P Global Ratings, Moody's Investors Service, Inc., Fitch Ratings, or a comparably rated NRSRO. For situations in which a security is rated by more than one NRSRO and the ratings are not equivalent, the highest ratings are used. The ratings for the CEF portion of the Fund are provided by Morningstar. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations except for those debt obligations that are only privately rated. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Investment grade is defined as those issuers that have a long-term credit rating of BBB- or higher. "NR" indicates no rating. The credit ratings shown relate to the creditworthiness of the issuers of the underlying securities in the Fund, and not to the Fund or its shares. Credit ratings are subject to change.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/MFLX 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.

First Trust Flexible Municipal High Income ETF (MFLX)

![TSR - First Trust Fund Logo](images_28983.jpg)

### First Trust Low Duration Strategic Focus ETF

#### LDSF \| Nasdaq, Inc.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the First Trust Low Duration Strategic Focus ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/LDSF. 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** |
| First Trust Low Duration Strategic Focus ETF$20<sup>(1)</sup>0.20%<sup>(1)</sup> |

---

<sup>(1)</sup> 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 4.94% for the 12 months ended August 31, 2025. The Fund outperformed its benchmark, the Bloomberg 1-5 Year Government/Credit Index, which returned 4.79% for the same Period. The Fund underperformed the additional benchmark, (which consists of 80% of the Bloomberg 1-5 Year Government/Credit Index and 20% of the ICE BofA US High Yield Constrained Index) which returned 5.46% for the same Period.

The outperformance relative to the benchmark was largely driven by exposure to higher-yielding securities, such as high-yield bonds and senior loans, as these asset classes outperformed and are not represented in the benchmark. Conversely, underperformance relative to the additional benchmark was significantly impacted by the Fund's allocation to these similar asset types being below benchmark levels for much of the Period.

Returns in high-yield bonds and comparable risk assets benefited more from high income characteristics than price appreciation over the Period. The ICE BofA US High Yield Constrained Index returned 8.15% for the Period, with 6.84% attributable to income and 1.31% resulting from price appreciation as spreads tightened by only 33 basis points year-over-year, following significant volatility around "Liberation Day" in April.

The U.S. Treasury yield curve steepened as the market began anticipating potential rate cuts in 2025. The 2-year Treasury yield decreased from 3.91% to 3.61%, while the 10-year Treasury yield increased from 3.90% to 4.23%. The U.S. Dollar also weakened, declining from 104.0 to 97.7 as measured by the US Dollar Spot Index.

These conditions favored the First Trust Emerging Markets Local Currency Bond ETF (FEMB), our best-performing fund for the period, as it benefits from a weaker dollar. Conversely, the First Trust Core Investment Grade ETF (FTCB) and First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) underperformed due to rising long-term interest rates and comparatively lower income. Despite trailing their benchmarks, these funds still achieved positive returns of 3.84% and 4.36% on a market price basis, respectively.

While these were the top and bottom performers, they represented relatively smaller allocations and were not held throughout the entire period. The First Trust Low Duration Opportunities ETF (LMBS) and First Trust Limited Duration Investment Grade Corporate ETF (FSIG) were each held at 35% or higher throughout the period and returned 5.45% and 5.06% on a market price basis, respectively—both exceeding the benchmark and aligning with the performance of the additional benchmark.

#### FUND PERFORMANCE (January 3, 2019 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572575.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(1/3/19)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Low Duration Strategic Focus ETF | 4.94% | 2.13% | 2.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bloomberg 1-5 Year Government/Credit Index | 4.79% | 1.33% | 2.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;Blended Benchmark<sup>(1)</sup> | 5.46% | 2.11% | 3.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bloomberg US Aggregate Bond Index | 3.14% | -0.68% | 1.65% |

---

(1) The Blended Benchmark consists of the following two indexes: 80% of the Bloomberg 1-5 Year Government/Credit Index which measures the performance of U.S. dollar-denominated U.S. Treasury bonds, government related bonds and investment grade U.S. corporate bonds that have a maturity between one and five years; and 20% of the ICE BofA US High Yield Constrained Index which tracks the performance of U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market but caps issuer exposure at 2%.

**Visit www.ftportfolios.com/etf/LDSF 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$128776743 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;8 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$252802 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;34% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Exchange-Traded Funds | 99.8% |
| Money Market Funds | 0.2% |
| Net Other Assets and Liabilities | 0.0% |
| Total | 100.0% |

---

Any amount shown as 0.0% represents less than 0.1%.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/LDSF 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.

First Trust Low Duration Strategic Focus ETF (LDSF)

![TSR - First Trust Fund Logo](images_28983.jpg)

### First Trust Active Factor Large Cap ETF

#### AFLG \| NYSE ARCA, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the First Trust Active Factor Large Cap ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/AFLG. 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<br> of a $10,000 investment** |
| First Trust Active Factor Large Cap ETF | $59 | 0.55% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 13.76% for the 12 months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

The underperformance was primarily driven by weak results from the low volatility factor and an underweight position in several of the benchmark's largest constituents. The low volatility factor lagged in the prevailing risk-on environment. Selection and industry effects provided a modest boost to performance over the Period, while momentum exposure contributed positively from a factor standpoint.

#### FUND PERFORMANCE (December 3, 2019 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573247.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br> Inception<br> (12/3/19)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Active Factor Large Cap ETF | 13.76% | 13.66% | 13.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.74% | 15.46% |

---

 **Visit www.ftportfolios.com/etf/AFLG 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$398677776 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;269 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$1024160 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;37% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 6.4% |
| Microsoft Corp. | 5.1% |
| Apple, Inc. | 5.0% |
| Meta Platforms, Inc., Class A | 2.6% |
| Alphabet, Inc., Class A | 2.3% |
| Amazon.com, Inc. | 2.1% |
| Cisco Systems, Inc. | 1.4% |
| Altria Group, Inc. | 1.3% |
| Broadcom, Inc. | 1.2% |
| Netflix, Inc. | 1.1% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10573257.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/AFLG 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.

First Trust Active Factor Large Cap ETF (AFLG)

![TSR - First Trust Fund Logo](images_28983.jpg)

### First Trust Active Factor Mid Cap ETF

#### AFMC \| NYSE ARCA, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the First Trust Active Factor Mid Cap ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/AFMC. 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<br> of a $10,000 investment** |
| First Trust Active Factor Mid Cap ETF | $67 | 0.65% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 6.96% for the 12 months ended August 31, 2025. The Fund outperformed its benchmark, the S&P MidCap 400<sup>®</sup> Index, which returned 6.86% for the same Period.

This outperformance was largely attributable to strong performance from the momentum factor. The momentum factor benefited from names with artificial intelligence exposure. Additionally, the strong performance was also aided by positive selection effects. By contrast, industry effects and the low volatility factor subtracted from returns.

#### FUND PERFORMANCE (December 3, 2019 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573205.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br> Inception<br> (12/3/19)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Active Factor Mid Cap ETF | 6.96% | 13.91% | 10.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P MidCap 400<sup>®</sup> Index | 6.86% | 12.76% | 10.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Index | 15.84% | 14.11% | 14.81% |

---

 **Visit www.ftportfolios.com/etf/AFMC 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$82055238 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;256 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$285243 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;52% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| Flex Ltd. | 1.5% |
| Old Republic International Corp. | 1.4% |
| National Fuel Gas Co. | 1.4% |
| First Horizon Corp. | 1.3% |
| Exelixis, Inc. | 1.3% |
| Unum Group | 1.3% |
| Sprouts Farmers Market, Inc. | 1.2% |
| MGIC Investment Corp. | 1.2% |
| United Therapeutics Corp. | 1.2% |
| EMCOR Group, Inc. | 1.1% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10573215.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/AFMC 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.

First Trust Active Factor Mid Cap ETF (AFMC)

![TSR - First Trust Fund Logo](images_28983.jpg)

### First Trust Active Factor Small Cap ETF

#### AFSM \| NYSE ARCA, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the First Trust Active Factor Small Cap ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/AFSM. 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<br> of a $10,000 investment** |
| First Trust Active Factor Small Cap ETF | $77 | 0.75% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 6.64% for the 12 months ended August 31, 2025. The Fund underperformed its benchmark, the Russell 2000<sup>®</sup> Index, which returned 8.17% for the same Period.

The underperformance was mainly driven by weak results from the low volatility factor and unfavorable selection effects. Over the Period, highly speculative stocks with low profitability and elevated betas delivered particularly strong returns. In contrast, momentum exposure and industry effects, primarily from an underweight to biotechnology, added positively to performance.

#### FUND PERFORMANCE (December 3, 2019 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573163.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br> Inception<br> (12/3/19)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Active Factor Small Cap ETF | 6.64% | 12.80% | 9.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 2000<sup>®</sup> Index | 8.17% | 10.13% | 8.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Index | 15.84% | 14.11% | 14.81% |

---

 **Visit www.ftportfolios.com/etf/AFSM 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$43695741 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;329 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$238635 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;65% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| Halozyme Therapeutics, Inc. | 1.2% |
| InterDigital, Inc. | 1.0% |
| Cal-Maine Foods, Inc. | 1.0% |
| Corcept Therapeutics, Inc. | 0.9% |
| REV Group, Inc. | 0.8% |
| Comfort Systems USA, Inc. | 0.8% |
| Carpenter Technology Corp. | 0.8% |
| ADMA Biologics, Inc. | 0.8% |
| Sanmina Corp. | 0.8% |
| American Healthcare REIT, Inc. | 0.8% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10573173.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/AFSM 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.

First Trust Active Factor Small Cap ETF (AFSM)

![TSR - First Trust Fund Logo](images_28983.jpg)

### First Trust Innovation Leaders ETF

#### ILDR \| NYSE Arca, Inc.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the First Trust Innovation Leaders ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/ILDR. 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<br> of a $10,000 investment** |
| First Trust Innovation Leaders ETF | $85 | 0.75% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 27.86% for the 12 months ended August 31, 2025. The Fund outperformed its benchmark, the Russell 3000<sup>®</sup> Growth Index, which returned 22.01% for the same Period.

This outperformance was driven by meaningful positive selection effect.

Key Drivers of Positive Selection Effect:

Tesla, Inc. was the greatest headwind to Fund performance as the Fund did not own the company and it returned 56% for the period. While Tesla, Inc. remains highly innovative, the electric vehicle market was seen as having more risk that the company's valuation was reflecting and Elon Musk's time was split between the company and his engagement with the Department of Government Efficiency as the Trump Administration took office in January of 2025.

#### FUND PERFORMANCE (May 25, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573961.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br> Inception<br> (5/25/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Innovation Leaders ETF | 27.86% | 10.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Growth Index | 22.01% | 14.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Index | 15.84% | 11.13% |

---

 **Visit www.ftportfolios.com/etf/ILDR 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$120804045 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;81 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$463000 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;57% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 6.8% |
| Amazon.com, Inc. | 6.2% |
| Oracle Corp. | 5.1% |
| Alphabet, Inc., Class A | 3.5% |
| Microsoft Corp. | 3.4% |
| Schneider Electric SE | 3.1% |
| Eli Lilly & Co. | 3.0% |
| Broadcom, Inc. | 2.8% |
| ServiceNow, Inc. | 2.4% |
| QUALCOMM, Inc. | 2.3% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10573971.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/ILDR 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.

First Trust Innovation Leaders ETF (ILDR)

![TSR - First Trust Fund Logo](images_28983.jpg)

### First Trust Expanded Technology ETF

#### XPND \| NYSE Arca, Inc.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the First Trust Expanded Technology ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/XPND. 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<br> of a $10,000 investment** |
| First Trust Expanded Technology ETF | $72 | 0.65% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 21.68% for the 12 months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Information Technology Index, which returned 22.54% for the same Period.

The Fund posted outperformance relative to the benchmark in six of the eleven industries represented. The Communication Services sector, which represented about 20% of the Fund through four industries, outperformed the benchmark, with only the smallest industry underperforming. The Fund also had strong performances from many positions representing multiple industries. Positions that contributed positively to relative performance included AppLovin Corp. (415.33%), Oracle Corp. (61.77%), Amphenol Corp. (62.88%), Arista Networks, Inc. (54.56%), and Meta Platforms, Inc. (42.18%). The Fund's overall underperformance was attributable to the Fund's weighting methodology designed to minimize single stock risk. Semiconductor name NVIDIA Corp. ("NVDA") represented over 20% of the benchmark and returned 45.96% over the Period, accounting for over 40% of the benchmark's net contribution. The Fund caps the weight of individual names to a 4.50% max at the time of rebalance, which caused the Fund to be structurally underweight the tech market's largest contributor. The effect of the Fund's underweight in NVDA was enough to realize the relative underperformance. The Financials sector, which represented about 12% of the Fund through one industry, did not keep pace with the Information Technology sector which also contributed to the relative underperformance.

#### FUND PERFORMANCE (June 14, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574087.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br> Inception<br> (6/14/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Expanded Technology ETF | 21.68% | 13.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Information Technology Index | 22.54% | 19.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 12.07% |

---

 **Visit www.ftportfolios.com/etf/XPND 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$30716388 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;51 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$161560 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;71% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 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. | 5.6% |
| NVIDIA Corp. | 5.3% |
| Alphabet, Inc., Class A | 5.1% |
| Broadcom, Inc. | 5.1% |
| Apple, Inc. | 4.8% |
| Meta Platforms, Inc., Class A | 4.7% |
| Microsoft Corp. | 4.5% |
| Cisco Systems, Inc. | 4.3% |
| T-Mobile US, Inc. | 4.3% |
| Mastercard, Inc., Class A | 4.2% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10574097.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/XPND 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.

First Trust Expanded Technology ETF (XPND)

![TSR - First Trust Fund Logo](images_28983.jpg)

### First Trust Multi-Strategy Alternative ETF

#### LALT \| NYSE Arca, Inc.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the First Trust Multi-Strategy Alternative ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/LALT. 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** |
| First Trust Multi-Strategy Alternative ETF$22<sup>(1)</sup>0.21%<sup>(1) (2)</sup> |

---

<sup>(1)</sup> Excludes any Acquired Fund Fees and Expenses of underlying investment companies in which the Fund invests.

<sup>(2)</sup> Includes excise tax. If this excise tax expense was not included, the expense ratio would have been 0.20%.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 8.37% for the 12 months ended August 31, 2025. The Fund underperformed its benchmark, the Credit Suisse AllHedge Index, which returned 9.90% for the same Period.

This underperformance was the result of the underlying exchange traded fund ("ETF") holdings, on average, underperforming benchmark during the investment Period.

U.S. equities, as measured by the S&P 500<sup>®</sup> Index, rallied during the Period, up 15.88% benefitting alternative strategies that derive part of their return from the U.S. equity markets. Growing expectations of a Federal Reserve rate cut also buoyed stocks during the Period and resulted in two-year Treasury rates being modestly lower during the Period, declining from 3.92% on August 30, 2024 to 3.62% on August 29, 2025. Lower interest rates boosted the performance of fixed income related strategies. Commodity prices trended higher during the Period with an overall gain for the fiscal year of 11.77%, as measured by the Bloomberg Commodity Index.

The largest source of performance during the Period was the iShares Gold Trust ("IAU") which rallied 37.69% during the Period, contributing 2.86% to the Fund's overall return. IAU's status as the biggest contributor to the Fund's performance came despite it only ranking as the fourth largest average weight during the Period. The second strongest contribution to the Fund's performance came from the First Trust Alternative Absolute Return Strategy ETF with a return of 8.49% during the Period. The third strongest contributions to the Fund's performance came from the First Trust Long/Short Equity ETF ("FTLS"), with a return of 7.73% during the Period. On average, FTLS was the largest average position throughout the Period with an average weight of 21.69%. Rounding out the top four contributors to the Fund's performance was the First Trust Managed Futures Strategy Fund which contributed 1.00% to the Fund's overall return with a total return for the Period of 4.43%. None of the other funds contributed more than 1% to the Fund's return during the Period.

The biggest change in positioning during the Period occurred in March of 2025 as the First Trust Smith Unconstrained Bond ETF (formerly the First Trust TCW Unconstrained Plus Bond ETF) was replaced with the First Trust Low Duration Opportunities ETF and the First Trust Global Tactical Commodity Strategy Fund ("FTGC"). The change lowered the overall interest rate and credit exposure of the Fund and increased the Fund's exposure to inflation sensitive commodities. Overall, fixed income related holdings declined by approximately 4.2% during the Period. Commodity- and equity-related strategies increased by 1.67% and 1.72%, respectively. Within the equity bucket, the largest change was the increase in the First Trust Merger Arbitrage ETF, which rose from 5.01% on August 31, 2024 to 7.33% at the end of Period, a growth of 2.24%. Within commodities, the largest change in allocation was a 1.20% increase in the allocation to FTGC, rising from 4.78% as of August 2024 to 5.97% as of August 2025. The remaining funds had less than a 1% change in their allocation over the Period.

#### FUND PERFORMANCE (January 31, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574381.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br> Inception<br> (1/31/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Multi-Strategy Alternative ETF | 8.37% | 5.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit Suisse AllHedge Index | 9.90% | 7.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;ICE BofA U.S. 3-Month Treasury Bill Index | 4.48% | 4.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 21.29% |

---

 **Visit www.ftportfolios.com/etf/LALT 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$22054737 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;8 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$31972 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;31% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

 **Fund Allocation**

---

| | |
|:---|:---|
| Exchange-Traded Funds | 99.8% |
| Net Other Assets and Liabilities | 0.2% |
| Total | 100.0% |

---

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/LALT 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.

First Trust Multi-Strategy Alternative ETF (LALT)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Buffer ETF - January

#### FJAN \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Buffer ETF - January (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FJAN. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Buffer ETF - January | $90 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 10.68% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 8.77% |
| Changes in other Variables | 2.76% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (January 15, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573457.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(1/15/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Buffer ETF - January | 10.68% | 11.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.04% |

---

**Visit www.ftportfolios.com/etf/FJAN 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1117615486 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$7724762 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.7% |
| Purchased Options | 101.4% |
| Written Options | (2.0%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FJAN or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FJAN 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Buffer ETF - January (FJAN)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Deep Buffer ETF - January

#### DJAN \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Deep Buffer ETF - January (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DJAN. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Deep Buffer ETF - January | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 9.45% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 6.62% |
| Changes in other Variables | 3.68% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (January 15, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573499.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(1/15/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Deep Buffer ETF - January | 9.45% | 7.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.04% |

---

**Visit www.ftportfolios.com/etf/DJAN 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$350433701 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2516705 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.6% |
| Purchased Options | 101.7% |
| Written Options | (2.2%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/DJAN or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DJAN 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Deep Buffer ETF - January (DJAN)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Buffer ETF - February

#### FFEB \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Buffer ETF - February (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FFEB. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Buffer ETF - February | $90 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 12.45% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 9.7% |
| Changes in other Variables | 3.6% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (February 21, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572071.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(2/21/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Buffer ETF - February | 12.45% | 11.41% | 10.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.74% | 14.45% |

---

**Visit www.ftportfolios.com/etf/FFEB 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1091498935 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$7950108 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.7% |
| Purchased Options | 101.9% |
| Written Options | (2.5%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FFEB or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FFEB 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Buffer ETF - February (FFEB)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Deep Buffer ETF - February

#### DFEB \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Deep Buffer ETF - February (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DFEB. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Deep Buffer ETF - February | $90 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 10.78% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 7.58% |
| Changes in other Variables | 4.05% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (February 21, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572113.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(2/21/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Deep Buffer ETF - February | 10.78% | 7.96% | 7.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.74% | 14.45% |

---

**Visit www.ftportfolios.com/etf/DFEB 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$406671319 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2776118 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.7% |
| Purchased Options | 102.1% |
| Written Options | (2.7%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/DFEB or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DFEB 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Deep Buffer ETF - February (DFEB)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Buffer ETF - March

#### FMAR \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Buffer ETF - March (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FMAR. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Buffer ETF - March | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 9.97% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 7.47% |
| Changes in other Variables | 3.35% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (March 19, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573793.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(3/19/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Buffer ETF - March | 9.97% | 10.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 13.59% |

---

**Visit www.ftportfolios.com/etf/FMAR 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$878439942 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$7306272 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.7% |
| Purchased Options | 105.7% |
| Written Options | (6.3%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FMAR or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FMAR 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Buffer ETF - March (FMAR)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Deep Buffer ETF - March

#### DMAR \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Deep Buffer ETF - March (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DMAR. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Deep Buffer ETF - March | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 9.31% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 5.62% |
| Changes in other Variables | 4.54% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (March 19, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573583.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(3/19/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Deep Buffer ETF - March | 9.31% | 7.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 13.59% |

---

**Visit www.ftportfolios.com/etf/DMAR 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$358372355 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2592791 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.7% |
| Purchased Options | 106.6% |
| Written Options | (7.2%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/DMAR or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DMAR 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Deep Buffer ETF - March (DMAR)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Buffer ETF - April

#### FAPR \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Buffer ETF - April (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FAPR. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Buffer ETF - April | $88 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 7.70% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 7.83% |
| Changes in other Variables | 0.72% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (April 16, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574927.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(4/16/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Buffer ETF - April | 7.70% | 8.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 12.08% |

---

**Visit www.ftportfolios.com/etf/FAPR 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$863864628 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$6344086 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.8% |
| Purchased Options | 109.4% |
| Written Options | (10.1%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FAPR or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FAPR 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Buffer ETF - April (FAPR)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Deep Buffer ETF - April

#### DAPR \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Deep Buffer ETF - April (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DAPR. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Deep Buffer ETF - April | $88 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 5.97% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 5.83% |
| Changes in other Variables | 0.99% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (April 16, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573919.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(4/16/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Deep Buffer ETF - April | 5.97% | 5.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 12.08% |

---

**Visit www.ftportfolios.com/etf/DAPR 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$286423745 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2105876 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.8% |
| Purchased Options | 112.1% |
| Written Options | (12.8%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/DAPR or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DAPR 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Deep Buffer ETF - April (DAPR)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Buffer ETF - May

#### FMAY \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Buffer ETF - May (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FMAY. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Buffer ETF - May | $90 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 12.15% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 7.77% |
| Changes in other Variables | 5.23% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (May 15, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572197.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(5/15/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Buffer ETF - May | 12.15% | 8.97% | 10.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.74% | 18.38% |

---

**Visit www.ftportfolios.com/etf/FMAY 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1035076232 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$7565522 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.9% |
| Purchased Options | 103.8% |
| Written Options | (4.6%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FMAY or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FMAY 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Buffer ETF - May (FMAY)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Deep Buffer ETF - May

#### DMAY \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Deep Buffer ETF - May (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DMAY. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Deep Buffer ETF - May | $90 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 10.94% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 6.06% |
| Changes in other Variables | 5.73% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (May 15, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572239.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(5/15/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Deep Buffer ETF - May | 10.94% | 6.38% | 7.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.74% | 18.38% |

---

**Visit www.ftportfolios.com/etf/DMAY 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$289139562 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2248710 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.9% |
| Purchased Options | 104.2% |
| Written Options | (5.0%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/DMAY or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DMAY 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Deep Buffer ETF - May (DMAY)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Buffer ETF - June

#### FJUN \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Buffer ETF - June (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FJUN. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Buffer ETF - June | $90 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 10.80% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 9.4% |
| Changes in other Variables | 2.25% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (June 19, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572365.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(6/19/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Buffer ETF - June | 10.80% | 11.09% | 12.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.74% | 16.92% |

---

**Visit www.ftportfolios.com/etf/FJUN 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$993034786 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$7795099 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 1.0% |
| Purchased Options | 104.3% |
| Written Options | (5.2%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FJUN or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FJUN 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Buffer ETF - June (FJUN)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Deep Buffer ETF - June

#### DJUN \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Deep Buffer ETF - June (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DJUN. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Deep Buffer ETF - June | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 9.50% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 7.46% |
| Changes in other Variables | 2.89% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (June 19, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572407.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(6/19/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Deep Buffer ETF - June | 9.50% | 7.77% | 8.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.74% | 16.92% |

---

**Visit www.ftportfolios.com/etf/DJUN 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$279283109 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2279686 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 1.0% |
| Purchased Options | 104.9% |
| Written Options | (5.8%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/DJUN or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DJUN 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Deep Buffer ETF - June (DJUN)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Buffer ETF - July

#### FJUL \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Buffer ETF - July (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FJUL. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Buffer ETF - July | $91 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 13.31% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 9.43% |
| Changes in other Variables | 4.73% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (July 17, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572449.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(7/17/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Buffer ETF - July | 13.31% | 11.16% | 11.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.74% | 16.26% |

---

**Visit www.ftportfolios.com/etf/FJUL 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1026060336 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$8137044 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 1.1% |
| Purchased Options | 103.1% |
| Written Options | (4.1%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FJUL or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FJUL 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Buffer ETF - July (FJUL)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Deep Buffer ETF - July

#### DJUL \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Deep Buffer ETF - July (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DJUL. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Deep Buffer ETF - July | $90 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 12.77% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 7.86% |
| Changes in other Variables | 5.76% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (July 17, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572491.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(7/17/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Deep Buffer ETF - July | 12.77% | 8.24% | 8.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.74% | 16.26% |

---

**Visit www.ftportfolios.com/etf/DJUL 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$401335994 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$3007278 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 1.1% |
| Purchased Options | 102.4% |
| Written Options | (3.4%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/DJUL or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DJUL 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Deep Buffer ETF - July (DJUL)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Buffer ETF - August

#### FAUG \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Buffer ETF - August (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FAUG. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Buffer ETF - August | $90 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 12.66% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 7.83% |
| Changes in other Variables | 5.68% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (November 6, 2019 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572995.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(11/6/19)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Buffer ETF - August | 12.66% | 9.05% | 9.42% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.74% | 15.40% |

---

**Visit www.ftportfolios.com/etf/FAUG 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$965535095 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$7530708 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 1.2% |
| Purchased Options | 103.2% |
| Written Options | (4.3%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FAUG or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FAUG 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Buffer ETF - August (FAUG)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Deep Buffer ETF - August

#### DAUG \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Deep Buffer ETF - August (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DAUG. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Deep Buffer ETF - August | $90 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 11.04% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 6.04% |
| Changes in other Variables | 5.85% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (November 6, 2019 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573037.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(11/6/19)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Deep Buffer ETF - August | 11.04% | 5.91% | 6.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.74% | 15.40% |

---

**Visit www.ftportfolios.com/etf/DAUG 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$332057028 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2638783 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 1.1% |
| Purchased Options | 102.0% |
| Written Options | (3.0%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/DAUG or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DAUG 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Deep Buffer ETF - August (DAUG)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Buffer ETF - September

#### FSEP \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Buffer ETF - September (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FSEP. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Buffer ETF - September | $90 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 11.78% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 8.04% |
| Changes in other Variables | 4.59% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (September 18, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572785.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(9/18/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Buffer ETF - September | 11.78% | 10.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 16.12% |

---

**Visit www.ftportfolios.com/etf/FSEP 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$942232797 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$6996259 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.3% |
| Purchased Options | 100.8% |
| Written Options | (1.0%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FSEP or upon request at 1-800-621-1675 or info@ftportfolios.com.

On September 22, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FSEP 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Buffer ETF - September (FSEP)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Deep Buffer ETF - September

#### DSEP \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Deep Buffer ETF - September (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DSEP. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Deep Buffer ETF - September | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 10.18% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 6.37% |
| Changes in other Variables | 4.66% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (September 18, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572827.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(9/18/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Deep Buffer ETF - September | 10.18% | 8.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 16.12% |

---

**Visit www.ftportfolios.com/etf/DSEP 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$263377428 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2122034 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.3% |
| Purchased Options | 102.2% |
| Written Options | (2.4%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/DSEP or upon request at 1-800-621-1675 or info@ftportfolios.com.

On September 22, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DSEP 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Deep Buffer ETF - September (DSEP)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Buffer ETF - October

#### FOCT \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Buffer ETF - October (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FOCT. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Buffer ETF - October | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 10.06% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 6.9% |
| Changes in other Variables | 4.01% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (October 16, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572869.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(10/16/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Buffer ETF - October | 10.06% | 9.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 15.22% |

---

**Visit www.ftportfolios.com/etf/FOCT 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$947662097 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$6842481 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.4% |
| Purchased Options | 100.3% |
| Written Options | (0.6%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FOCT or upon request at 1-800-621-1675 or info@ftportfolios.com.

On October 20, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FOCT 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Buffer ETF - October (FOCT)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Deep Buffer ETF - October

#### DOCT \| CBOE BZX EXCHANGE, INC .

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Deep Buffer ETF - October (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DOCT. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Deep Buffer ETF - October | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 9.12% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 5.14% |
| Changes in other Variables | 4.83% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (October 16, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572911.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(10/16/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Deep Buffer ETF - October | 9.12% | 7.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 15.22% |

---

**Visit www.ftportfolios.com/etf/DOCT 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$304004920 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2439490 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.4% |
| Purchased Options | 100.9% |
| Written Options | (1.2%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/DOCT or upon request at 1-800-621-1675 or info@ftportfolios.com.

On October 20, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DOCT 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Deep Buffer ETF - October (DOCT)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Buffer ETF - November

#### FNOV \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Buffer ETF - November (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FNOV. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Buffer ETF - November | $90 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 10.62% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 8.79% |
| Changes in other Variables | 2.68% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (November 15, 2019 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573079.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(11/15/19)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Buffer ETF - November | 10.62% | 9.51% | 9.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.74% | 15.16% |

---

**Visit www.ftportfolios.com/etf/FNOV 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$986546710 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$7329078 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.5% |
| Purchased Options | 100.9% |
| Written Options | (1.3%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FNOV or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FNOV 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Buffer ETF - November (FNOV)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Deep Buffer ETF - November

#### DNOV \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Deep Buffer ETF - November (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DNOV. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Deep Buffer ETF - November | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 9.44% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 7.65% |
| Changes in other Variables | 2.64% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (November 15, 2019 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573121.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(11/15/19)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Deep Buffer ETF - November | 9.44% | 7.48% | 7.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.74% | 15.16% |

---

**Visit www.ftportfolios.com/etf/DNOV 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$324481489 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2557817 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.5% |
| Purchased Options | 101.5% |
| Written Options | (1.9%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/DNOV or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DNOV 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Deep Buffer ETF - November (DNOV)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Buffer ETF - December

#### FDEC \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Buffer ETF - December (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FDEC. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Buffer ETF - December | $90 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 10.86% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 9.66% |
| Changes in other Variables | 2.05% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (December 18, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573373.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(12/18/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Buffer ETF - December | 10.86% | 10.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.21% |

---

**Visit www.ftportfolios.com/etf/FDEC 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1053944629 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$7836881 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.6% |
| Purchased Options | 101.0% |
| Written Options | (1.5%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FDEC or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FDEC 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Buffer ETF - December (FDEC)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Deep Buffer ETF - December

#### DDEC \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Deep Buffer ETF - December (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DDEC. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Deep Buffer ETF - December | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 9.54% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 6.84% |
| Changes in other Variables | 3.55% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (December 18, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573331.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(12/18/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Deep Buffer ETF - December | 9.54% | 7.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.21% |

---

**Visit www.ftportfolios.com/etf/DDEC 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$343706113 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2706263 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.6% |
| Purchased Options | 101.5% |
| Written Options | (2.0%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/DDEC or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DDEC 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Deep Buffer ETF - December (DDEC)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Buffered Allocation Defensive ETF

#### BUFT \| Cboe BZX Exchange, Inc.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Buffered Allocation Defensive ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/BUFT. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| |
|:---|
| **Fund** |
| FT Vest Buffered Allocation Defensive ETF$21<sup>(1)</sup>0.20%<sup>(1)</sup> |

---

<sup>(1)</sup> 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 8.75% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 5.91% |
| Changes in other Variables | 3.89% |
| Fees and Expenses\*\* | -1.05% |

---

The Fund holds a portfolio that consists of a number of buffer funds, and thus is exposed to the combinations of FLexible EXchange<sup>®</sup> Options ("FLEX Options") held by the funds in its portfolio.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the underlying buffer funds' Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

*\*\* Includes any Acquired Fund Fees and Expenses of underlying investment companies in which the Fund invests.*

#### FUND PERFORMANCE (October 26, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572659.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(10/26/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Buffered Allocation Defensive ETF | 8.75% | 4.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 11.05% |

---

**Visit www.ftportfolios.com/etf/BUFT 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$127092706 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;8 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$241328 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;293% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Exchange-Traded Funds | 100.0% |
| Money Market Funds | 0.0% |
| Net Other Assets and Liabilities | (0.0%) |
| Total | 100.0% |

---

Any amount shown as 0.0% represents less than 0.1%.

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/BUFT or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's diversification status under the Investment Company Act of 1940 changed from non-diversified to diversified. The Fund's principal investment strategies and principal risks were revised accordingly.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/BUFT 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR, or Standard & Poor's (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or results to be obtained by the Fund, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund.

FT Vest Buffered Allocation Defensive ETF (BUFT)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Buffered Allocation Growth ETF

#### BUFG \| Cboe BZX Exchange, Inc.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Buffered Allocation Growth ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/BUFG. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| |
|:---|
| **Fund** |
| FT Vest Buffered Allocation Growth ETF$21<sup>(1)</sup>0.20%<sup>(1)</sup> |

---

<sup>(1)</sup> 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 10.80% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 10.64% |
| Changes in other Variables | 1.21% |
| Fees and Expenses\*\* | -1.05% |

---

The Fund holds a portfolio that consists of a number of buffer funds, and thus is exposed to the combinations of FLexible EXchange<sup>®</sup> Options ("FLEX Options") held by the funds in its portfolio.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the underlying buffer funds' Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

*\*\* Includes any Acquired Fund Fees and Expenses of underlying investment companies in which the Fund invests.*

#### FUND PERFORMANCE (October 26, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572701.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(10/26/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Buffered Allocation Growth ETF | 10.80% | 7.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 11.05% |

---

**Visit www.ftportfolios.com/etf/BUFG 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$280866476 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;8 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$512169 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;190% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Exchange-Traded Funds | 100.0% |
| Money Market Funds | 0.0% |
| Net Other Assets and Liabilities | (0.0%) |
| Total | 100.0% |

---

Any amount shown as 0.0% represents less than 0.1%.

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/BUFG or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's diversification status under the Investment Company Act of 1940 changed from non-diversified to diversified. The Fund's principal investment strategies and principal risks were revised accordingly.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/BUFG 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR, or Standard & Poor's (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or results to be obtained by the Fund, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund.

FT Vest Buffered Allocation Growth ETF (BUFG)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - January

#### QCJA \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - January (the "Fund") for the period of January 17, 2025 (commencement of investment operations) to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/QCJA. 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** |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - January$58<sup>(1)</sup>0.90%<sup>(2)</sup> |

---

<sup>(1)</sup> The Fund commenced investment operations on January 17, 2025. Had the Fund been in operation for a complete fiscal year, the cost of a $10,000 investment would have been higher.

<sup>(2)</sup> Annualized.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 6.20% for the period from the Fund's inception on January 17, 2025 through August 31, 2025. The Fund underperformed its benchmark, the Nasdaq-100 Index<sup>®</sup>, which returned 9.71% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 4.2% |
| Changes in other Variables | 2.55% |
| Fees and Expenses (pro-rated annual expense ratio) | -0.55% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (January 17, 2025 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10576019.jpg)

---

| | |
|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **Since<br>Inception<br>(1/17/25)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - January | 6.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq-100 Index<sup>®</sup> | 9.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 8.60% |

---

**Visit www.ftportfolios.com/etf/QCJA 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$49495120 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$250356 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.6% |
| Purchased Options | 103.7% |
| Written Options | (4.2%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/QCJA 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
The Fund is not sponsored, endorsed, sold or promoted by Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, or Nasdaq, Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the Invesco QQQ Trust<sup>SM</sup>, Series 1. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - January (QCJA)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January

#### XJAN \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/XJAN. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January | $88 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 8.19% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 4.18% |
| Changes in other Variables | 4.86% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (January 19, 2024 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574969.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(1/19/24)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January | 8.19% | 9.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 21.22% |

---

**Visit www.ftportfolios.com/etf/XJAN 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$41926674 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;6 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$412444 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.7% |
| Purchased Options | 112.8% |
| Written Options | (13.4%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/XJAN or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/XJAN 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January (XJAN)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - February

#### QMFE \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - February (the "Fund") for the period of February 21, 2025 (commencement of investment operations) to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/QMFE. 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** |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - February$49<sup>(1)</sup>0.90%<sup>(2)</sup> |

---

<sup>(1)</sup> The Fund commenced investment operations on February 21, 2025. Had the Fund been in operation for a complete fiscal year, the cost of a $10,000 investment would have been higher.

<sup>(2)</sup> Annualized.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 6.15% for the period from the Fund's inception on February 21, 2025 through August 31, 2025. The Fund underperformed its benchmark, the Nasdaq-100 Index<sup>®</sup>, which returned 8.76% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 4.09% |
| Changes in other Variables | 2.53% |
| Fees and Expenses (pro-rated annual expense ratio) | -0.47% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (February 21, 2025 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10576061.jpg)

---

| | |
|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **Since<br>Inception<br>(2/21/25)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - February | 6.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq-100 Index<sup>®</sup> | 8.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 8.17% |

---

**Visit www.ftportfolios.com/fund-documents/etf/QMFE 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$41375588 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$195998 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.7% |
| Purchased Options | 103.5% |
| Written Options | (4.1%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/QMFE 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
The Fund is not sponsored, endorsed, sold or promoted by Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, or Nasdaq, Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the Invesco QQQ Trust<sup>SM</sup>, Series 1. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - February (QMFE)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February

#### XFEB \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/XFEB. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 8.59% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 5.04% |
| Changes in other Variables | 4.4% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (February 16, 2024 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575011.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(2/16/24)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February | 8.59% | 9.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 19.63% |

---

**Visit www.ftportfolios.com/etf/XFEB 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$48468496 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;6 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$345750 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.8% |
| Purchased Options | 113.8% |
| Written Options | (14.5%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/XFEB or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/XFEB 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February (XFEB)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest International Equity Moderate Buffer ETF - March

#### YMAR \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest International Equity Moderate Buffer ETF - March (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/YMAR. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest International Equity Moderate Buffer ETF - March | $94 | 0.90% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 7.95% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the MSCI EAFE Index, which returned 13.87% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 10.2% |
| Changes in other Variables | -1.35% |
| Fees and Expenses | -0.9% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (March 19, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573877.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(3/19/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest International Equity Moderate Buffer ETF - March | 7.95% | 5.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI EAFE Index | 13.87% | 7.43% |

---

**Visit www.ftportfolios.com/etf/YMAR 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$134816885 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$1005400 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.8% |
| Purchased Options | 102.1% |
| Written Options | (2.8%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/YMAR or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/YMAR 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
The Fund is not sponsored, endorsed, sold or promoted by iShares MSCI EAFE ETF, BFA, or MSCI Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the iShares MSCI EAFE ETF. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest International Equity Moderate Buffer ETF - March (YMAR)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - March

#### QMAR \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - March (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/QMAR. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - March | $96 | 0.90% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 12.47% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the Nasdaq-100 Index<sup>®</sup>, which returned 20.52% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 7.4% |
| Changes in other Variables | 5.97% |
| Fees and Expenses | -0.9% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (March 19, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573835.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(3/19/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - March | 12.47% | 10.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq-100 Index<sup>®</sup> | 20.52% | 15.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 13.59% |

---

**Visit www.ftportfolios.com/etf/QMAR 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$451156948 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$3873150 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.8% |
| Purchased Options | 107.9% |
| Written Options | (8.6%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/QMAR or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/QMAR 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
The Fund is not sponsored, endorsed, sold or promoted by Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, or Nasdaq, Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the Invesco QQQ Trust<sup>SM</sup>, Series 1. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - March (QMAR)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March

#### XMAR \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/XMAR. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 10.41% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 3.64% |
| Changes in other Variables | 7.62% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (March 17, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574465.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(3/17/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March | 10.41% | 11.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 24.34% |

---

**Visit www.ftportfolios.com/etf/XMAR 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$174230133 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;6 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$1458598 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.8% |
| Purchased Options | 125.0% |
| Written Options | (25.7%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/XMAR or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/XMAR 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - April

#### QCAP \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - April (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/QCAP. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - April | $94 | 0.90% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 8.14% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the Nasdaq-100 Index<sup>®</sup>, which returned 20.52% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 6.09% |
| Changes in other Variables | 2.95% |
| Fees and Expenses | -0.9% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (April 19, 2024 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575683.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(4/19/24)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - April | 8.14% | 11.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq-100 Index<sup>®</sup> | 20.52% | 27.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 22.81% |

---

**Visit www.ftportfolios.com/etf/QCAP 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$40444956 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$311556 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.8% |
| Purchased Options | 117.6% |
| Written Options | (18.3%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/QCAP or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/QCAP 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
The Fund is not sponsored, endorsed, sold or promoted by Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, or Nasdaq, Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the Invesco QQQ Trust<sup>SM</sup>, Series 1. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - April (QCAP)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April

#### XAPR \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/XAPR. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April | $90 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 12.66% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 4.57% |
| Changes in other Variables | 8.94% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (April 19, 2024 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575767.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(4/19/24)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April | 12.66% | 14.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 22.81% |

---

**Visit www.ftportfolios.com/etf/XAPR 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$51603204 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;6 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$284032 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.9% |
| Purchased Options | 137.4% |
| Written Options | (38.2%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/XAPR or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/XAPR 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April (XAPR)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - May

#### QMMY \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - May (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/QMMY. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - May | $97 | 0.90% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 16.21% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the Nasdaq-100 Index<sup>®</sup>, which returned 20.52% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 8.99% |
| Changes in other Variables | 8.12% |
| Fees and Expenses | -0.9% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (May 17, 2024 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575725.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(5/17/24)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - May | 16.21% | 15.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq-100 Index<sup>®</sup> | 20.52% | 20.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 18.06% |

---

**Visit www.ftportfolios.com/etf/QMMY 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$91261954 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$593919 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.9% |
| Purchased Options | 105.7% |
| Written Options | (6.5%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/QMMY or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/QMMY 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
The Fund is not sponsored, endorsed, sold or promoted by Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, or Nasdaq, Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the Invesco QQQ Trust<sup>SM</sup>, Series 1. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - May (QMMY)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May

#### XMAY \| Cboe BZX Exchange, Inc.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/XMAY. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 10.20% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 5.76% |
| Changes in other Variables | 5.29% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (May 17, 2024 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575809.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(5/17/24)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May | 10.20% | 11.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 18.06% |

---

**Visit www.ftportfolios.com/etf/XMAY 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$22051778 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;6 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$204488 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.9% |
| Purchased Options | 118.5% |
| Written Options | (19.3%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/XMAY or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/XMAY 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (XMAY)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest International Equity Moderate Buffer ETF - June

#### YJUN \| Cboe BZX Exchange, Inc.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest International Equity Moderate Buffer ETF - June (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/YJUN. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest International Equity Moderate Buffer ETF - June | $94 | 0.90% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 9.41% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the MSCI EAFE Index, which returned 13.87% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 9.85% |
| Changes in other Variables | 0.46% |
| Fees and Expenses | -0.9% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (June 18, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574045.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(6/18/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest International Equity Moderate Buffer ETF - June | 9.41% | 5.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI EAFE Index | 13.87% | 6.78% |

---

**Visit www.ftportfolios.com/etf/YJUN 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$167146575 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$1434742 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 1.1% |
| Purchased Options | 102.6% |
| Written Options | (3.6%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/YJUN or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/YJUN 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
The Fund is not sponsored, endorsed, sold or promoted by iShares MSCI EAFE ETF, BFA, or MSCI Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the iShares MSCI EAFE ETF. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest International Equity Moderate Buffer ETF - June (YJUN)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - June

#### QJUN \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - June (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/QJUN. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - June | $96 | 0.90% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 14.19% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the Nasdaq-100 Index<sup>®</sup>, which returned 20.52% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 11.03% |
| Changes in other Variables | 4.06% |
| Fees and Expenses | -0.9% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (June 18, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574003.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(6/18/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - June | 14.19% | 10.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq-100 Index<sup>®</sup> | 20.52% | 13.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 12.66% |

---

**Visit www.ftportfolios.com/etf/QJUN 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$631167316 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$4772173 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 1.0% |
| Purchased Options | 105.3% |
| Written Options | (6.2%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/QJUN or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/QJUN 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
The Fund is not sponsored, endorsed, sold or promoted by Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, or Nasdaq, Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the Invesco QQQ Trust<sup>SM</sup>, Series 1. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - June (QJUN)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June

#### XJUN \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/XJUN. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June | $90 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 11.04% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 4.81% |
| Changes in other Variables | 7.08% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (July 12, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574129.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(7/12/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June | 11.04% | 8.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 11.47% |

---

**Visit www.ftportfolios.com/etf/XJUN 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$145411882 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;6 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$1359976 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 1.0% |
| Purchased Options | 119.5% |
| Written Options | (20.4%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/XJUN or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/XJUN 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June (XJUN)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - July

#### QCJL \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - July (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/QCJL. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - July | $96 | 0.90% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 13.29% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the Nasdaq-100 Index<sup>®</sup>, which returned 20.52% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 8.57% |
| Changes in other Variables | 5.62% |
| Fees and Expenses | -0.9% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (July 19, 2024 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575515.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(7/19/24)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - July | 13.29% | 12.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq-100 Index<sup>®</sup> | 20.52% | 18.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 16.92% |

---

**Visit www.ftportfolios.com/etf/QCJL 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$78799486 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$514374 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 1.1% |
| Purchased Options | 104.6% |
| Written Options | (5.6%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/QCJL or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/QCJL 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
The Fund is not sponsored, endorsed, sold or promoted by Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, or Nasdaq, Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the Invesco QQQ Trust<sup>SM</sup>, Series 1. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - July (QCJL)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July

#### XJUL \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/XJUL. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.** 

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 9.56% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 5.17% |
| Changes in other Variables | 5.24% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (July 21, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574675.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(7/21/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July | 9.56% | 10.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 19.89% |

---

**Visit www.ftportfolios.com/etf/XJUL 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$47424739 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;6 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$449096 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 1.1% |
| Purchased Options | 112.9% |
| Written Options | (13.9%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/XJUL or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/XJUL 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July (XJUL)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - August

#### QMAG \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - August (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/QMAG. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - August | $96 | 0.90% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 13.03% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the Nasdaq-100 Index<sup>®</sup>, which returned 20.52% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 9.44% |
| Changes in other Variables | 4.49% |
| Fees and Expenses | -0.9% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (August 16, 2024 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575599.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(8/16/24)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - August | 13.03% | 12.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq-100 Index<sup>®</sup> | 20.52% | 20.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 17.14% |

---

**Visit www.ftportfolios.com/etf/QMAG 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$48686291 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$424831 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 1.1% |
| Purchased Options | 104.6% |
| Written Options | (5.7%) |
| Net Other Assets and Liabilities | 0.0% |
| Total | 100.0% |

---

Any amount shown as 0.0% represents less than 0.1%.

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/QMAG or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/QMAG 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
The Fund is not sponsored, endorsed, sold or promoted by Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, or Nasdaq, Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the Invesco QQQ Trust<sup>SM</sup>, Series 1. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - August (QMAG)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August

#### XAUG \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/XAUG. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 8.69% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 4.04% |
| Changes in other Variables | 5.5% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (August 18, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574717.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(8/18/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August | 8.69% | 10.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 22.87% |

---

**Visit www.ftportfolios.com/etf/XAUG 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$29935938 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;6 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$314334 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 1.2% |
| Purchased Options | 111.3% |
| Written Options | (12.4%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/XAUG or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/XAUG 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August (XAUG)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest International Equity Moderate Buffer ETF - September

#### YSEP \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest International Equity Moderate Buffer ETF - September (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/YSEP. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest International Equity Moderate Buffer ETF - September | $94 | 0.90% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 9.06% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the MSCI EAFE Index, which returned 13.87% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 10.38% |
| Changes in other Variables | -0.42% |
| Fees and Expenses | -0.9% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (September 17, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574255.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(9/17/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest International Equity Moderate Buffer ETF - September | 9.06% | 5.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI EAFE Index | 13.87% | 6.62% |

---

**Visit www.ftportfolios.com/etf/YSEP 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$94659628 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$689105 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.4% |
| Purchased Options | 100.1% |
| Written Options | (0.4%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/YSEP or upon request at 1-800-621-1675 or info@ftportfolios.com.

On September 22, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/YSEP 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
The Fund is not sponsored, endorsed, sold or promoted by iShares MSCI EAFE ETF, BFA, or MSCI Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the iShares MSCI EAFE ETF. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest International Equity Moderate Buffer ETF - September (YSEP)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - September

#### QSPT \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - September (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/QSPT. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - September | $97 | 0.90% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 15.56% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the Nasdaq-100 Index<sup>®</sup>, which returned 20.52% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 8.85% |
| Changes in other Variables | 7.61% |
| Fees and Expenses | -0.9% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (September 17, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574213.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(9/17/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - September | 15.56% | 11.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq-100 Index<sup>®</sup> | 20.52% | 12.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 11.65% |

---

**Visit www.ftportfolios.com/etf/QSPT 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$407587908 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$3338085 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.3% |
| Purchased Options | 102.1% |
| Written Options | (2.3%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/QSPT or upon request at 1-800-621-1675 or info@ftportfolios.com.

On September 22, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/QSPT 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
The Fund is not sponsored, endorsed, sold or promoted by Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, or Nasdaq, Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the Invesco QQQ Trust<sup>SM</sup>, Series 1. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - September (QSPT)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September

#### XSEP \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/XSEP. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 8.57% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 3.85% |
| Changes in other Variables | 5.57% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (September 21, 2022 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572533.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(9/21/22)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September | 8.57% | 11.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 21.66% |

---

**Visit www.ftportfolios.com/etf/XSEP 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$127323276 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;6 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$1049246 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.3% |
| Purchased Options | 116.2% |
| Written Options | (16.4%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/XSEP or upon request at 1-800-621-1675 or info@ftportfolios.com.

On September 22, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/XSEP 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September (XSEP)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - October

#### QCOC \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - October (the "Fund") for the period of October 18, 2024 (commencement of investment operations) to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/QCOC. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| |
|:---|
| **Fund** |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - October$82<sup>(1)</sup>0.90%<sup>(2)</sup> |

---

<sup>(1)</sup> The Fund commenced investment operations on October 18, 2024. Had the Fund been in operation for a complete fiscal year, the cost of a $10,000 investment would have been higher.

<sup>(2)</sup> Annualized.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 9.66% for the period from the Fund's inception on October 18, 2024 through August 31, 2025. The Fund underperformed its benchmark, the Nasdaq-100 Index<sup>®</sup>, which returned 15.96% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 6.26% |
| Changes in other Variables | 4.18% |
| Fees and Expenses (pro-rated annual expense ratio) | -0.78% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (October 18, 2024 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575935.jpg)

---

| | |
|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **Since<br>Inception<br>(10/18/24)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - October | 9.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq-100 Index<sup>®</sup> | 15.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 11.40% |

---

**Visit www.ftportfolios.com/etf/QCOC 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$35792399 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$271466 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.4% |
| Purchased Options | 104.5% |
| Written Options | (4.8%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/QCOC or upon request at 1-800-621-1675 or info@ftportfolios.com.

On October 20, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/QCOC 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
The Fund is not sponsored, endorsed, sold or promoted by Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, or Nasdaq, Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the Invesco QQQ Trust<sup>SM</sup>, Series 1. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - October (QCOC)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October

#### XOCT \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/XOCT. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 8.33% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 2.69% |
| Changes in other Variables | 6.49% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (October 20, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574843.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(10/20/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October | 8.33% | 10.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 27.36% |

---

**Visit www.ftportfolios.com/etf/XOCT 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$116889810 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;6 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$660864 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.4% |
| Purchased Options | 112.0% |
| Written Options | (12.3%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/XOCT or upon request at 1-800-621-1675 or info@ftportfolios.com.

On October 20, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/XOCT 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October (XOCT)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - November

#### QMNV \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - November (the "Fund") for the period of November 15, 2024 (commencement of investment operations) to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/QMNV. 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** |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - November$75<sup>(1)</sup>0.90%<sup>(2)</sup> |

---

<sup>(1)</sup> The Fund commenced investment operations on November 15, 2024. Had the Fund been in operation for a complete fiscal year, the cost of a $10,000 investment would have been higher.

<sup>(2)</sup> Annualized.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 10.37% for the period from the Fund's inception on November 15, 2024 through August 31, 2025. The Fund underperformed its benchmark, the Nasdaq-100 Index<sup>®</sup>, which returned 15.50% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 6.85% |
| Changes in other Variables | 4.24% |
| Fees and Expenses (pro-rated annual expense ratio) | -0.72% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (November 15, 2024 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575977.jpg)

---

| | |
|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **Since<br>Inception<br>(11/15/24)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - November | 10.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq-100 Index<sup>®</sup> | 15.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 11.20% |

---

**Visit www.ftportfolios.com/etf/QMNV 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$33969994 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$279882 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.5% |
| Purchased Options | 103.8% |
| Written Options | (4.2%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/QMNV 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
The Fund is not sponsored, endorsed, sold or promoted by Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, or Nasdaq, Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the Invesco QQQ Trust<sup>SM</sup>, Series 1. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - November (QMNV)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November

#### XNOV \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/XNOV. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 8.46% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 3.42% |
| Changes in other Variables | 5.89% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (November 17, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574801.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(11/17/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November | 8.46% | 9.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 23.89% |

---

**Visit www.ftportfolios.com/etf/XNOV 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$25393166 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;6 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$195147 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.5% |
| Purchased Options | 113.3% |
| Written Options | (13.7%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/XNOV or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/XNOV 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November (XNOV)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest International Equity Moderate Buffer ETF - December

#### YDEC \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest International Equity Moderate Buffer ETF - December (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/YDEC. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest International Equity Moderate Buffer ETF - December | $91 | 0.90% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 3.12% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the MSCI EAFE Index, which returned 13.87% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 9.73% |
| Changes in other Variables | -5.71% |
| Fees and Expenses | -0.9% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (December 18, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573289.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(12/18/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest International Equity Moderate Buffer ETF - December | 3.12% | 5.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI EAFE Index | 13.87% | 8.16% |

---

**Visit www.ftportfolios.com/etf/YDEC 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$76320303 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$624662 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.6% |
| Purchased Options | 106.3% |
| Written Options | (6.8%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/YDEC or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/YDEC 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
The Fund is not sponsored, endorsed, sold or promoted by iShares MSCI EAFE ETF, BFA, or MSCI Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the iShares MSCI EAFE ETF. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest International Equity Moderate Buffer ETF - December (YDEC)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - December

#### QDEC \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - December (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/QDEC. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - December | $97 | 0.90% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 14.51% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the Nasdaq-100 Index<sup>®</sup>, which returned 20.52% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 9.23% |
| Changes in other Variables | 6.18% |
| Fees and Expenses | -0.9% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (December 18, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572953.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(12/18/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - December | 14.51% | 9.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq-100 Index<sup>®</sup> | 20.52% | 14.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.21% |

---

**Visit www.ftportfolios.com/etf/QDEC 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$544241078 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$4249378 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.5% |
| Purchased Options | 101.5% |
| Written Options | (1.9%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/QDEC or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/QDEC 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
The Fund is not sponsored, endorsed, sold or promoted by Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, or Nasdaq, Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the Invesco QQQ Trust<sup>SM</sup>, Series 1. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - December (QDEC)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December

#### XDEC \| Cboe BZX Exchange, Inc.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/XDEC. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 8.56% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 3.86% |
| Changes in other Variables | 5.55% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (December 17, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574297.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(12/17/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December | 8.56% | 7.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 11.12% |

---

**Visit www.ftportfolios.com/etf/XDEC 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$190516351 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;6 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2077230 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.6% |
| Purchased Options | 112.7% |
| Written Options | (13.2%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/XDEC or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/XDEC 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Laddered International Moderate Buffer ETF

#### BUFY \| Cboe BZX Exchange, Inc.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Laddered International Moderate Buffer ETF (the "Fund") for the period of September 25, 2024 (commencement of investment operations) to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/BUFY. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| |
|:---|
| **Fund** |
| FT Vest Laddered International Moderate Buffer ETF$10<sup>(1) (2)</sup>0.10%<sup>(1) (3)</sup> |

---

<sup>(1)</sup> Excludes any Acquired Fund Fees and Expenses of underlying investment companies in which the Fund invests.

<sup>(2)</sup> The Fund commenced investment operations on September 25, 2024. Had the Fund been in operation for a complete fiscal year, the cost of a $10,000 investment would have been higher.

<sup>(3)</sup> Annualized.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 7.37% for the period from the Fund's inception on September 25, 2024 through August 31, 2025. The Fund underperformed its benchmark, the MSCI EAFE Index, which returned 14.17% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 8.5% |
| Changes in other Variables | -0.2% |
| Fees and Expenses (pro-rated annual expense ratio)\*\* | -0.93% |

---

The Fund holds a portfolio that consists of a number of buffer funds, and thus is exposed to the combinations of FLexible EXchange<sup>®</sup> Options ("FLEX Options") held by the funds in its portfolio.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the underlying buffer funds' Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

*\*\* Includes any Acquired Fund Fees and Expenses of underlying investment companies in which the Fund invests.*

#### FUND PERFORMANCE (September 25, 2024 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575893.jpg)

---

| | |
|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **Since<br>Inception<br>(9/25/24)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Laddered International Moderate Buffer ETF | 7.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI EAFE Index | 14.17% |

---

**Visit www.ftportfolios.com/etf/BUFY 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 during certain periods if certain fees had not been waived by the investment advisor.

KEY FUND STATISTICS (As of August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$38544731 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$17157 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;1% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Exchange-Traded Funds | 100.0% |
| Money Market Funds | 0.0% |
| Net Other Assets and Liabilities | (0.0%) |
| Total | 100.0% |

---

Any amount shown as 0.0% represents less than 0.1%.

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/BUFY or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's annual unitary management fee was reduced from 0.20% to 0.10% of the Fund's average daily net assets and the agreement by First Trust Advisors L.P., the Fund's investment advisor, to waive management fees was terminated.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/BUFY 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
The Fund is not sponsored, endorsed, sold or promoted by iShares MSCI EAFE ETF, BFA, or MSCI Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the iShares MSCI EAFE ETF. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest Laddered International Moderate Buffer ETF (BUFY)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Laddered Enhance & Moderate Buffer ETF

#### BUFX \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Laddered Enhance & Moderate Buffer ETF (the "Fund") for the period of June 24, 2025 (commencement of investment operations) to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/BUFX. 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** |
| FT Vest Laddered Enhance & Moderate Buffer ETF$2<sup>(1) (2)</sup>0.10%<sup>(1) (3)</sup> |

---

<sup>(1)</sup> Excludes any Acquired Fund Fees and Expenses of underlying investment companies in which the Fund invests.

<sup>(2)</sup> The Fund commenced investment operations on June 24, 2025. Had the Fund been in operation for a complete fiscal year, the cost of a $10,000 investment would have been higher.

<sup>(3)</sup> Annualized.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 2.44% for the period from the Fund's inception on June 24, 2025 through August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 6.27% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 2.51% |
| Changes in other Variables | 0.11% |
| Fees and Expenses (pro-rated annual expense ratio)\*\* | -0.18% |

---

The Fund holds a portfolio that consists of a number of buffer funds, and thus is exposed to the combinations of FLexible EXchange<sup>®</sup> Options ("FLEX Options") held by the funds in its portfolio.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the underlying buffer funds' Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

*\*\* Includes any Acquired Fund Fees and Expenses of underlying investment companies in which the Fund invests.*

#### FUND PERFORMANCE (June 24, 2025 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10609590.jpg)

---

| | |
|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **Since<br>Inception<br>(6/24/25)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Laddered Enhance & Moderate Buffer ETF | 2.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 6.27% |

---

**Visit www.ftportfolios.com/etf/BUFX 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$5150965 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;13 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$622 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Exchange-Traded Funds | 100.0% |
| Money Market Funds | 0.0% |
| Net Other Assets and Liabilities | (0.0%) |
| Total | 100.0% |

---

Any amount shown as 0.0% represents less than 0.1%.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/BUFX 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR, or Standard & Poor's (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or results to be obtained by the Fund, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund.

FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Laddered Buffer ETF

#### BUFR \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Laddered Buffer ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/BUFR. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.** 

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| |
|:---|
| **Fund** |
| FT Vest Laddered Buffer ETF$11<sup>(1)</sup>0.10%<sup>(1)</sup> |

---

<sup>(1)</sup> 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 10.78% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 7.82% |
| Changes in other Variables | 3.91% |
| Fees and Expenses\*\* | -0.95% |

---

The Fund holds a portfolio that consists of a number of buffer funds, and thus is exposed to the combinations of FLexible EXchange<sup>®</sup> Options ("FLEX Options") held by the funds in its portfolio.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the underlying buffer funds' Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

*\*\* Includes any Acquired Fund Fees and Expenses of underlying investment companies in which the Fund invests.*

#### FUND PERFORMANCE (August 10, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572323.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(8/10/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Laddered Buffer ETF | 10.78% | 9.93% | 10.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 14.74% | 15.52% |

---

**Visit www.ftportfolios.com/etf/BUFR 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 during certain periods if certain fees had not been waived by the investment advisor.

KEY FUND STATISTICS (As of August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$7306783938 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;13 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$6218349 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;1% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Exchange-Traded Funds | 100.0% |
| Money Market Funds | 0.0% |
| Net Other Assets and Liabilities | (0.0%) |
| Total | 100.0% |

---

Any amount shown as 0.0% represents less than 0.1%.

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/BUFR or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's annual unitary management fee was reduced from 0.20% to 0.10% of the Fund's average daily net assets and the agreement by First Trust Advisors L.P., the Fund's investment advisor, to waive management fees was terminated.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/BUFR 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR, or Standard & Poor's (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or results to be obtained by the Fund, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund.

FT Vest Laddered Buffer ETF (BUFR)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Laddered Deep Buffer ETF

#### BUFD \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Laddered Deep Buffer ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/BUFD. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.** 

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| |
|:---|
| **Fund** |
| FT Vest Laddered Deep Buffer ETF$10<sup>(1)</sup>0.10%<sup>(1)</sup> |

---

<sup>(1)</sup> 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 9.64% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 6.59% |
| Changes in other Variables | 4.0% |
| Fees and Expenses\*\* | -0.95% |

---

The Fund holds a portfolio that consists of a number of buffer funds, and thus is exposed to the combinations of FLexible EXchange<sup>®</sup> Options ("FLEX Options") held by the funds in its portfolio.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the underlying buffer funds' Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

*\*\* Includes any Acquired Fund Fees and Expenses of underlying investment companies in which the Fund invests.*

#### FUND PERFORMANCE (January 20, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573541.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(1/20/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Laddered Deep Buffer ETF | 9.64% | 6.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 13.55% |

---

**Visit www.ftportfolios.com/etf/BUFD 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 during certain periods if certain fees had not been waived by the investment advisor.

KEY FUND STATISTICS (As of August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1435864502 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;13 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$1187039 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;1% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Exchange-Traded Funds | 100.0% |
| Money Market Funds | 0.0% |
| Net Other Assets and Liabilities | (0.0%) |
| Total | 100.0% |

---

Any amount shown as 0.0% represents less than 0.1%.

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/BUFD or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's annual unitary management fee was reduced from 0.20% to 0.10% of the Fund's average daily net assets and the agreement by First Trust Advisors L.P., the Fund's investment advisor, to waive management fees was terminated.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/BUFD 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR, or Standard & Poor's (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or results to be obtained by the Fund, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund.

FT Vest Laddered Deep Buffer ETF (BUFD)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Laddered Nasdaq Buffer ETF

#### BUFQ \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Laddered Nasdaq Buffer ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/BUFQ. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| |
|:---|
| **Fund** |
| FT Vest Laddered Nasdaq Buffer ETF$11<sup>(1)</sup>0.10%<sup>(1)</sup> |

---

<sup>(1)</sup> 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 14.04% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the Nasdaq-100 Index<sup>®</sup>, which returned 20.52% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 8.79% |
| Changes in other Variables | 6.25% |
| Fees and Expenses\*\* | -1.0% |

---

The Fund holds a portfolio that consists of a number of buffer funds, and thus is exposed to the combinations of FLexible EXchange<sup>®</sup> Options ("FLEX Options") held by the funds in its portfolio.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the underlying buffer funds' Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

*\*\* Includes any Acquired Fund Fees and Expenses of underlying investment companies in which the Fund invests.*

#### FUND PERFORMANCE (June 15, 2022 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572743.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(6/15/22)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Laddered Nasdaq Buffer ETF | 14.04% | 17.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq-100 Index<sup>®</sup> | 20.52% | 25.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 19.85% |

---

**Visit www.ftportfolios.com/etf/BUFQ 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 during certain periods if certain fees had not been waived by the investment advisor.

KEY FUND STATISTICS (As of August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1039795209 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$886534 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;1% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Exchange-Traded Funds | 100.0% |
| Money Market Funds | 0.0% |
| Net Other Assets and Liabilities | (0.0%) |
| Total | 100.0% |

---

Any amount shown as 0.0% represents less than 0.1%.

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/BUFQ or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's annual unitary management fee was reduced from 0.20% to 0.10% of the Fund's average daily net assets and the agreement by First Trust Advisors L.P., the Fund's investment advisor, to waive management fees was terminated.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/BUFQ 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
The Fund is not sponsored, endorsed, sold or promoted by Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, or Nasdaq, Inc. (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or results to be obtained by the Fund, shareholders or any other person or entity from use of the Invesco QQQ Trust<sup>SM</sup>, Series 1. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund.

FT Vest Laddered Nasdaq Buffer ETF (BUFQ)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Moderate Buffer ETF - January

#### GJAN \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Moderate Buffer ETF - January (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/GJAN. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Moderate Buffer ETF - January | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 9.24% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 6.39% |
| Changes in other Variables | 3.7% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (January 20, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574339.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(1/20/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Moderate Buffer ETF - January | 9.24% | 12.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 22.24% |

---

**Visit www.ftportfolios.com/etf/GJAN 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$367314923 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2725957 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.6% |
| Purchased Options | 102.2% |
| Written Options | (2.7%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/GJAN or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/GJAN 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Moderate Buffer ETF - January (GJAN)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Moderate Buffer ETF - February

#### GFEB \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Moderate Buffer ETF - February (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/GFEB. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Moderate Buffer ETF - February | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 10.35% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 7.05% |
| Changes in other Variables | 4.15% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (February 17, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574423.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(2/17/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Moderate Buffer ETF - February | 10.35% | 13.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 21.63% |

---

**Visit www.ftportfolios.com/etf/GFEB 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$353841070 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2691372 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.7% |
| Purchased Options | 102.7% |
| Written Options | (3.3%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/GFEB or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/GFEB 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Moderate Buffer ETF - February (GFEB)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Small Cap Moderate Buffer ETF - February

#### SFEB \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Small Cap Moderate Buffer ETF - February (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/SFEB. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Small Cap Moderate Buffer ETF - February | $93 | 0.90% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 6.24% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the Russell 2000<sup>®</sup> Index, which returned 8.17% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 4.24% |
| Changes in other Variables | 2.9% |
| Fees and Expenses | -0.9% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (February 16, 2024 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575053.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(2/16/24)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Small Cap Moderate Buffer ETF - February | 6.24% | 8.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 2000<sup>®</sup> Index | 8.17% | 11.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Index | 15.84% | 19.05% |

---

**Visit www.ftportfolios.com/etf/SFEB 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$80855742 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$641554 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.8% |
| Purchased Options | 103.2% |
| Written Options | (3.9%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/SFEB or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/SFEB 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
The Fund is not sponsored, endorsed, sold or promoted by iShares Russell 2000 ETF, BFA, or Russell (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the iShares Russell 2000 ETF. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Small Cap Moderate Buffer ETF - February (SFEB)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Buffer & Premium Income ETF - March

#### XIMR \| Cboe BZX Exchange, Inc.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Buffer & Premium Income ETF - March (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/XIMR. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Buffer & Premium Income ETF - March | $88 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 6.89% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 5.4% |
| Changes in other Variables | 2.34% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (March 18, 2024 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575641.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(3/18/24)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Buffer & Premium Income ETF - March | 6.89% | 7.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 18.42% |

---

**Visit www.ftportfolios.com/etf/XIMR 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 final determination of the source and tax status of all calendar year 2025 distributions, including any return of capital, will be made after the end of 2025 and will be provided on Form 1099-DIV.

KEY FUND STATISTICS (As of August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$40612024 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;12 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$259633 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| U.S. Treasury Bills | 3.5% |
| Money Market Funds | 1.2% |
| Purchased Options | 113.7% |
| Written Options | (18.3%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/XIMR or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's annualized target income level was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/XIMR 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Buffer & Premium Income ETF - March (XIMR)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Moderate Buffer ETF - March

#### GMAR \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Moderate Buffer ETF - March (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/GMAR. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Moderate Buffer ETF - March | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 9.44% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 5.43% |
| Changes in other Variables | 4.86% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (March 17, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574507.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(3/17/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Moderate Buffer ETF - March | 9.44% | 12.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 24.34% |

---

**Visit www.ftportfolios.com/etf/GMAR 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$417399971 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$3087001 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.8% |
| Purchased Options | 107.2% |
| Written Options | (7.9%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/GMAR or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/GMAR 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Moderate Buffer ETF - March (GMAR)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Moderate Buffer ETF - April

#### GAPR \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Moderate Buffer ETF - April (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/GAPR. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Moderate Buffer ETF - April | $88 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 6.77% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 5.68% |
| Changes in other Variables | 1.94% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (April 21, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574549.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(4/21/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Moderate Buffer ETF - April | 6.77% | 12.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 22.55% |

---

**Visit www.ftportfolios.com/etf/GAPR 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$248207580 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$1923951 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.8% |
| Purchased Options | 111.8% |
| Written Options | (12.5%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/GAPR or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/GAPR 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Moderate Buffer ETF - April (GAPR)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Moderate Buffer ETF - May

#### GMAY \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Moderate Buffer ETF - May (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/GMAY. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Moderate Buffer ETF - May | $90 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 11.54% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 5.92% |
| Changes in other Variables | 6.47% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (May 19, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574591.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(5/19/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Moderate Buffer ETF - May | 11.54% | 13.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 22.55% |

---

**Visit www.ftportfolios.com/etf/GMAY 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$302980695 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2185219 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.9% |
| Purchased Options | 104.8% |
| Written Options | (5.6%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/GMAY or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/GMAY 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Moderate Buffer ETF - May (GMAY)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Small Cap Moderate Buffer ETF - May

#### SMAY \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Small Cap Moderate Buffer ETF - May (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/SMAY. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Small Cap Moderate Buffer ETF - May | $91 | 0.90% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 2.58% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the Russell 2000<sup>®</sup> Index, which returned 8.17% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 4.24% |
| Changes in other Variables | -0.76% |
| Fees and Expenses | -0.9% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (May 19, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574633.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(5/19/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Small Cap Moderate Buffer ETF - May | 2.58% | 10.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 2000<sup>®</sup> Index | 8.17% | 15.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Index | 15.84% | 22.21% |

---

**Visit www.ftportfolios.com/etf/SMAY 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$100205851 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$740169 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.9% |
| Purchased Options | 106.7% |
| Written Options | (7.5%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/SMAY or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/SMAY 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
The Fund is not sponsored, endorsed, sold or promoted by iShares Russell 2000 ETF, BFA, or Russell (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the iShares Russell 2000 ETF. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Small Cap Moderate Buffer ETF - May (SMAY)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Buffer & Premium Income ETF - June

#### XIJN \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Buffer & Premium Income ETF - June (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/XIJN. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Buffer & Premium Income ETF - June | $88 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 7.27% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 5.72% |
| Changes in other Variables | 2.4% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (June 21, 2024 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575851.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(6/21/24)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Buffer & Premium Income ETF - June | 7.27% | 7.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 16.55% |

---

**Visit www.ftportfolios.com/etf/XIJN 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 final determination of the source and tax status of all calendar year 2025 distributions, including any return of capital, will be made after the end of 2025 and will be provided on Form 1099-DIV.

KEY FUND STATISTICS (As of August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$14750290 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;16 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$65207 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| U.S. Treasury Bills | 6.2% |
| Money Market Funds | 0.5% |
| Purchased Options | 108.8% |
| Written Options | (15.4%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/XIJN or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's annualized target income level was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/XIJN 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Buffer & Premium Income ETF - June (XIJN)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Moderate Buffer ETF - June

#### GJUN \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Moderate Buffer ETF - June (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/GJUN. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Moderate Buffer ETF - June | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 9.87% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 7.02% |
| Changes in other Variables | 3.7% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (June 16, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575179.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(6/16/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Moderate Buffer ETF - June | 9.87% | 12.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 20.54% |

---

**Visit www.ftportfolios.com/etf/GJUN 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$339011214 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$3063804 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 1.0% |
| Purchased Options | 105.3% |
| Written Options | (6.2%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/GJUN or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/GJUN 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Moderate Buffer ETF - June (GJUN)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Moderate Buffer ETF - July

#### GJUL \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Moderate Buffer ETF - July (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/GJUL. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Moderate Buffer ETF - July | $90 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 12.04% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 7.26% |
| Changes in other Variables | 5.63% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (July 21, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575221.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(7/21/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Moderate Buffer ETF - July | 12.04% | 13.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 19.89% |

---

**Visit www.ftportfolios.com/etf/GJUL 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$604611941 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2948743 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 1.0% |
| Purchased Options | 103.4% |
| Written Options | (4.3%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/GJUL or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/GJUL 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Moderate Buffer ETF - July (GJUL)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Moderate Buffer ETF - August

#### GAUG \| Cboe BZX Exchange, Inc.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Moderate Buffer ETF - August (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/GAUG. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Moderate Buffer ETF - August | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 10.46% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 6.49% |
| Changes in other Variables | 4.82% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (August 18, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574759.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(8/18/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Moderate Buffer ETF - August | 10.46% | 12.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 22.87% |

---

**Visit www.ftportfolios.com/etf/GAUG 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$303294052 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$1885096 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 1.1% |
| Purchased Options | 103.2% |
| Written Options | (4.3%) |
| Net Other Assets and Liabilities | (0.0%) |
| Total | 100.0% |

---

Any amount shown as 0.0% represents less than 0.1%.

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/GAUG or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/GAUG 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Moderate Buffer ETF - August (GAUG)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Small Cap Moderate Buffer ETF - August

#### SAUG \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Small Cap Moderate Buffer ETF - August (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/SAUG. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Small Cap Moderate Buffer ETF - August | $93 | 0.90% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 6.28% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the Russell 2000<sup>®</sup> Index, which returned 8.17% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 4.69% |
| Changes in other Variables | 2.49% |
| Fees and Expenses | -0.9% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (August 18, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575263.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(8/18/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Small Cap Moderate Buffer ETF - August | 6.28% | 11.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 2000<sup>®</sup> Index | 8.17% | 14.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Index | 15.84% | 22.38% |

---

**Visit www.ftportfolios.com/etf/SAUG 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$98854611 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$770445 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 1.2% |
| Purchased Options | 105.4% |
| Written Options | (6.5%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/SAUG or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/SAUG 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
The Fund is not sponsored, endorsed, sold or promoted by iShares Russell 2000 ETF, BFA, or Russell (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the iShares Russell 2000 ETF. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Small Cap Moderate Buffer ETF - August (SAUG)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Buffer & Premium Income ETF - September

#### XISE \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Buffer & Premium Income ETF - September (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/XISE. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Buffer & Premium Income ETF - September | $88 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 6.06% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 5.88% |
| Changes in other Variables | 1.03% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (September 15, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575473.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(9/15/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Buffer & Premium Income ETF - September | 6.06% | 6.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 22.63% |

---

**Visit www.ftportfolios.com/etf/XISE 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 final determination of the source and tax status of all calendar year 2025 distributions, including any return of capital, will be made after the end of 2025 and will be provided on Form 1099-DIV.

KEY FUND STATISTICS (As of August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$57783460 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;6 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$592744 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| U.S. Treasury Bills | 0.5% |
| Money Market Funds | 0.6% |
| Purchased Options | 112.4% |
| Written Options | (13.4%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/XISE or upon request at 1-800-621-1675 or info@ftportfolios.com.

On September 22, 2025, the Fund's annualized target income level was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/XISE 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Buffer & Premium Income ETF - September (XISE)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Moderate Buffer ETF - September

#### GSEP \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Moderate Buffer ETF - September (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/GSEP. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Moderate Buffer ETF - September | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 10.04% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 6.49% |
| Changes in other Variables | 4.4% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (September 15, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575389.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(9/15/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Moderate Buffer ETF - September | 10.04% | 12.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 22.63% |

---

**Visit www.ftportfolios.com/etf/GSEP 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$202578895 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$1833241 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.3% |
| Purchased Options | 102.4% |
| Written Options | (2.6%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/GSEP or upon request at 1-800-621-1675 or info@ftportfolios.com.

On September 22, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/GSEP 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Moderate Buffer ETF - September (GSEP)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Moderate Buffer ETF - October

#### GOCT \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Moderate Buffer ETF - October (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/GOCT. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Moderate Buffer ETF - October | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 9.07% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 6.19% |
| Changes in other Variables | 3.73% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (October 20, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575347.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(10/20/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Moderate Buffer ETF - October | 9.07% | 12.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 27.36% |

---

**Visit www.ftportfolios.com/etf/GOCT 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$219228391 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$1648546 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.4% |
| Purchased Options | 101.1% |
| Written Options | (1.4%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/GOCT or upon request at 1-800-621-1675 or info@ftportfolios.com.

On October 20, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/GOCT 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Moderate Buffer ETF - October (GOCT)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Moderate Buffer ETF - November

#### GNOV \| Cboe BZX Exchange, Inc.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Moderate Buffer ETF - November (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/GNOV. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Moderate Buffer ETF - November | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 9.37% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 6.67% |
| Changes in other Variables | 3.55% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (November 17, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575305.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(11/17/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Moderate Buffer ETF - November | 9.37% | 11.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 23.89% |

---

**Visit www.ftportfolios.com/etf/GNOV 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$248247624 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2090907 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.5% |
| Purchased Options | 101.8% |
| Written Options | (2.2%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/GNOV or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/GNOV 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Moderate Buffer ETF - November (GNOV)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Small Cap Moderate Buffer ETF - November

#### SNOV \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Small Cap Moderate Buffer ETF - November (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/SNOV. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Small Cap Moderate Buffer ETF - November | $93 | 0.90% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 6.69% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the Russell 2000<sup>®</sup> Index, which returned 8.17% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 4.09% |
| Changes in other Variables | 3.5% |
| Fees and Expenses | -0.9% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (November 17, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575431.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(11/17/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Small Cap Moderate Buffer ETF - November | 6.69% | 11.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 2000<sup>®</sup> Index | 8.17% | 18.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Index | 15.84% | 23.66% |

---

**Visit www.ftportfolios.com/etf/SNOV 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$130968192 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$775559 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.5% |
| Purchased Options | 100.5% |
| Written Options | (0.9%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/SNOV or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/SNOV 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
The Fund is not sponsored, endorsed, sold or promoted by iShares Russell 2000 ETF, BFA, or Russell (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the iShares Russell 2000 ETF. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Buffer & Premium Income ETF - December

#### XIDE \| Cboe BZX Exchange, Inc.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Buffer & Premium Income ETF - December (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/XIDE. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Buffer & Premium Income ETF - December | $88 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 6.73% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 4.92% |
| Changes in other Variables | 2.66% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (December 15, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575137.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(12/15/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Buffer & Premium Income ETF - December | 6.73% | 7.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 21.78% |

---

**Visit www.ftportfolios.com/etf/XIDE 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 final determination of the source and tax status of all calendar year 2025 distributions, including any return of capital, will be made after the end of 2025 and will be provided on Form 1099-DIV.

KEY FUND STATISTICS (As of August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$22036549 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;8 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$186902 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| U.S. Treasury Bills | 2.1% |
| Money Market Funds | 0.9% |
| Purchased Options | 108.6% |
| Written Options | (11.5%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/XIDE or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's annualized target income level was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/XIDE 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Buffer & Premium Income ETF - December (XIDE)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest U.S. Equity Moderate Buffer ETF - December

#### GDEC \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest U.S. Equity Moderate Buffer ETF - December (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/GDEC. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| FT Vest U.S. Equity Moderate Buffer ETF - December | $89 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 9.52% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 6.35% |
| Changes in other Variables | 4.02% |
| Fees and Expenses | -0.85% |

---

The Fund holds a combination of FLexible EXchange<sup>®</sup> Options ("FLEX Options") designed to target the Fund's objective.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the Fund's Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

#### FUND PERFORMANCE (December 15, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575095.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(12/15/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest U.S. Equity Moderate Buffer ETF - December | 9.52% | 11.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 21.78% |

---

**Visit www.ftportfolios.com/etf/GDEC 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$287148962 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2744145 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Money Market Funds | 0.6% |
| Purchased Options | 101.8% |
| Written Options | (2.3%) |
| Net Other Assets and Liabilities | (0.1%) |
| Total | 100.0% |

---

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/GDEC or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's predetermined upside cap on Underlying ETF returns was reset based upon prevailing market conditions at the start of each new Target Outcome Period.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/GDEC 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

FT Vest U.S. Equity Moderate Buffer ETF - December (GDEC)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Laddered Moderate Buffer ETF

#### BUFZ \| CBOE BZX EXCHANGE, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Laddered Moderate Buffer ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/BUFZ. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| |
|:---|
| **Fund** |
| FT Vest Laddered Moderate Buffer ETF$10<sup>(1)</sup>0.10%<sup>(1)</sup> |

---

<sup>(1)</sup> 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 9.71% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 5.91% |
| Changes in other Variables | 4.75% |
| Fees and Expenses\*\* | -0.95% |

---

The Fund holds a portfolio that consists of a number of buffer funds, and thus is exposed to the combinations of FLexible EXchange<sup>®</sup> Options ("FLEX Options") held by the funds in its portfolio.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the underlying buffer funds' Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

*\*\* Includes any Acquired Fund Fees and Expenses of underlying investment companies in which the Fund invests.*

#### FUND PERFORMANCE (October 25, 2023 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574885.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(10/25/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Laddered Moderate Buffer ETF | 9.71% | 14.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 28.20% |

---

**Visit www.ftportfolios.com/etf/BUFZ 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 during certain periods if certain fees had not been waived by the investment advisor.

KEY FUND STATISTICS (As of August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$623001779 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;13 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$387342 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;1% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Exchange-Traded Funds | 100.0% |
| Money Market Funds | 0.0% |
| Net Other Assets and Liabilities | (0.0%) |
| Total | 100.0% |

---

Any amount shown as 0.0% represents less than 0.1%.

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/BUFZ or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's annual unitary management fee was reduced from 0.20% to 0.10% of the Fund's average daily net assets and the agreement by First Trust Advisors L.P., the Fund's investment advisor, to waive management fees was terminated.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/BUFZ 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
The Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR, or Standard & Poor's (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or results to be obtained by the Fund, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund.

FT Vest Laddered Moderate Buffer ETF (BUFZ)

![TSR - First Trust Fund Logo](images_28983.jpg)

### FT Vest Laddered Small Cap Moderate Buffer ETF

#### BUFS \| Cboe BZX Exchange, Inc.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the FT Vest Laddered Small Cap Moderate Buffer ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/BUFS. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| |
|:---|
| **Fund** |
| FT Vest Laddered Small Cap Moderate Buffer ETF$10<sup>(1)</sup>0.10%<sup>(1)</sup> |

---

<sup>(1)</sup> 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 5.25% for the twelve months ended August 31, 2025. The Fund underperformed its benchmark, the Russell 2000<sup>®</sup> Index, which returned 8.17% for the same Period.

This underperformance was due to the following:

---

| | |
|:---|:---|
| Fund NAV Performance Attributed to\*: |  |
| Changes in Reference Asset | 4.1% |
| Changes in other Variables | 2.15% |
| Fees and Expenses\*\* | -1.0% |

---

The Fund holds a portfolio that consists of a number of buffer funds, and thus is exposed to the combinations of FLexible EXchange<sup>®</sup> Options ("FLEX Options") held by the funds in its portfolio.

*\* The Fund's performance is impacted by changes in the values of the FLEX Options to which it is exposed. We attribute (allocate) the impact on the Fund's performance into three components. The first of the three components is the impact on the Fund's performance due to changes in the underlying buffer funds' Reference Asset. The second component is the aggregate impact on the Fund's performance due to changes in other variables that impact FLEX Options prices - these include changes in a) the Reference Asset's dividends, b) interest rates, c) implied volatility, and d) time to option expiration. The third component is from the Fund's fees and expenses incurred during the Period.*

*\*\* Includes any Acquired Fund Fees and Expenses of underlying investment companies in which the Fund invests.*

#### FUND PERFORMANCE (May 29, 2024 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10575557.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br>Inception<br>(5/29/24)** |
| &nbsp;&nbsp;&nbsp;&nbsp;FT Vest Laddered Small Cap Moderate Buffer ETF | 5.25% | 8.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 2000<sup>®</sup> Index | 8.17% | 14.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Index | 15.84% | 19.18% |

---

**Visit www.ftportfolios.com/etf/BUFS 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 during certain periods if certain fees had not been waived by the investment advisor.

KEY FUND STATISTICS (As of August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$92669946 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$62831 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;2% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.

**Fund Allocation**

---

| | |
|:---|:---|
| Exchange-Traded Funds | 100.0% |
| Money Market Funds | 0.0% |
| Net Other Assets and Liabilities | (0.0%) |
| Total | 100.0% |

---

Any amount shown as 0.0% represents less than 0.1%.

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/BUFS or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's annual unitary management fee was reduced from 0.20% to 0.10% of the Fund's average daily net assets and the agreement by First Trust Advisors L.P., the Fund's investment advisor, to waive management fees was terminated.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/BUFS 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
The Fund is not sponsored, endorsed, sold or promoted by iShares Russell 2000 ETF, BFA, or Russell (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or results to be obtained by the Fund, shareholders or any other person or entity from use of the iShares Russell 2000 ETF. The Corporations have no liability in connection with the management, administration, marketing or trading of the Fund.

FT Vest Laddered Small Cap Moderate Buffer ETF (BUFS)

![TSR - First Trust Fund Logo](images_28983.jpg)

### First Trust SkyBridge Crypto Industry and Digital Economy ETF

#### CRPT \| NYSE ARCA, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the First Trust SkyBridge Crypto Industry and Digital Economy ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/CRPT. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

 **This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br> of a $10,000 investment** |
| First Trust SkyBridge Crypto Industry and Digital Economy ETF | $121 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 84.26% for the 12 months ended August 31, 2025. The Fund outperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 15.88% for the same Period.

This outperformance was driven by the Fund's exposure to crypto industry equities (for example, Metaplanet, Inc.) and Bitcoin

exchange-traded-products (for example, the iShares Bitcoin Trust ETF) that experienced a sharp increase in value driven by the strength of the broader crypto industry and Bitcoin's significant increase in price over the Period.

#### FUND PERFORMANCE (September 20, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10574171.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br> Inception<br> (9/20/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust SkyBridge Crypto Industry and Digital Economy ETF | 84.26% | 3.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 15.88% | 12.16% |

---

 **Visit www.ftportfolios.com/etf/CRPT 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$145253064 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;33 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$848928 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;318% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| Metaplanet, Inc. | 11.9% |
| JPMorgan Chase & Co. | 7.0% |
| Robinhood Markets, Inc., Class A | 5.4% |
| iShares Bitcoin Trust ETF | 4.5% |
| Fidelity Wise Origin Bitcoin Fund | 4.2% |
| Coinbase Global, Inc., Class A | 3.9% |
| Salesforce, Inc. | 3.8% |
| NVIDIA Corp. | 3.8% |
| VanEck Bitcoin ETF | 3.8% |
| Invesco Galaxy Bitcoin ETF | 3.8% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10574181.jpg)

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/CRPT or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Fund's principal investment strategies were revised to allow the Fund to invest up to 25% of its net assets in Bitcoin Exchange-Traded Products through a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands. The Fund's principal investment strategies and principal risks were revised accordingly.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/CRPT 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.

First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)

![TSR - First Trust Fund Logo](images_28983.jpg)

### First Trust Multi-Manager Large Growth ETF

#### MMLG \| NYSE ARCA, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the First Trust Multi-Manager Large Growth ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/MMLG. 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<br> of a $10,000 investment** |
| First Trust Multi-Manager Large Growth ETF | $96 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 24.87% for the 12 months ended August 31, 2025. The Fund outperformed its benchmark, the Russell 1000<sup>®</sup> Growth Index, which returned 22.58% for the same Period.

One driver of outperformance for the Period was the Fund's holdings in the Communication Services sector, which outperformed those in the benchmark, and was driven by overweight positions in Spotify Technology S.A. ("Spotify"), ROBLOX Corp. ("Roblox"), and Netflix, Inc. ("Netflix"), which returned 98.9%, 183.2%, and 72.3%, respectively. Spotify reported its first ever operating profit for a full year and saw growth and margin improvement. Roblox, an online game company, saw an increase in daily users and new product development while Netflix added new subscribers and instituted other measures to support growth. Selection in the Consumer Discretionary sector was also a contributor to outperformance as an off benchmark holding in Sea Ltd, ADR returned 138.2% and an overweight to DoorDash, Inc. returned 90.5%. Offsetting some of the gains were holdings in the Financials sector which underperformed those in the benchmark.

#### FUND PERFORMANCE (July 21, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572281.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br> Inception<br> (7/21/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Multi-Manager Large Growth ETF | 24.87% | 9.76% | 11.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 1000<sup>®</sup> Growth Index | 22.58% | 15.25% | 17.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 1000<sup>®</sup> Index | 16.24% | 14.34% | 15.71% |

---

 **Visit www.ftportfolios.com/etf/MMLG 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$79895824 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;74 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$620350 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;68% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 11.3% |
| Microsoft Corp. | 6.6% |
| Amazon.com, Inc. | 5.1% |
| Broadcom, Inc. | 4.7% |
| Meta Platforms, Inc., Class A | 4.4% |
| Apple, Inc. | 3.5% |
| ServiceNow, Inc. | 3.1% |
| Netflix, Inc. | 2.8% |
| Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class | 2.8% |
| Alphabet, Inc., Class A | 2.6% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10572291.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/MMLG 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.

First Trust Multi-Manager Large Growth ETF (MMLG)

![TSR - First Trust Fund Logo](images_28983.jpg)

### First Trust Multi-Manager Small Cap Opportunities ETF

#### MMSC \| NYSE ARCA, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the First Trust Multi-Manager Small Cap Opportunities ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/MMSC. 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<br> of a $10,000 investment** |
| First Trust Multi-Manager Small Cap Opportunities ETF | $100 | 0.95% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 10.02% for the 12 months ended August 31, 2025. The Fund underperformed its benchmark, the Russell 2000<sup>®</sup> Growth Index, which returned 10.48% for the same Period.

Underperformance versus the benchmark was driven by security selection within a few sectors, the first of which was the Healthcare sector, where the Fund's holdings underperformed those in the benchmark. Some of the larger contributors to underperformance in the sector were an overweight to Transmedics Group, Inc. which was down 31.6% and an off-benchmark position in Acadia Healthcare Co., Inc. which was down 64.8%. Transmedics Group, Inc., which deals in organ transplant therapy, fell after reporting negative results in 2024, though it did recover some with positive results in the first quarter of 2025 on the back of strong use of their system in liver transplants. Acadia Healthcare Co., Inc. was down due to regulatory challenges. Selection in the Consumer Staples sector was another drag on the Fund's performance as off-benchmark positions in BellRing Brands, Inc. and Freshpet, Inc. were down 26.6% and 39.1%, respectively, detracting from the Fund's performance. Offsetting some of the negative returns was selection in the Energy and Industrials sectors where the portfolio outperformed the benchmark holdings.

#### FUND PERFORMANCE (October 13, 2021 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572617.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **Since<br> Inception<br> (10/13/21)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Multi-Manager Small Cap Opportunities ETF | 10.02% | 2.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 2000<sup>®</sup> Growth Index | 10.48% | 1.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Index | 15.84% | 10.99% |

---

 **Visit www.ftportfolios.com/etf/MMSC 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 August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$26524802 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;206 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$231427 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;84% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 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. | 1.6% |
| Karman Holdings, Inc. | 1.5% |
| AeroVironment, Inc. | 1.5% |
| Astera Labs, Inc. | 1.4% |
| Magnite, Inc. | 1.4% |
| Boot Barn Holdings, Inc. | 1.3% |
| Ollie's Bargain Outlet Holdings, Inc. | 1.3% |
| Fabrinet | 1.2% |
| iRhythm Technologies, Inc. | 1.1% |
| CyberArk Software Ltd. | 1.1% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10572627.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/MMSC 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.

First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)

![TSR - First Trust Fund Logo](images_28983.jpg)

### First Trust Smith Opportunistic Fixed Income ETF

#### FIXD \| NASDAQ, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the First Trust Smith Opportunistic Fixed Income ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FIXD. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| First Trust Smith Opportunistic Fixed Income ETF | $65 | 0.64% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 2.83% for the 12 months ended August 31, 2025. The Fund underperformed its benchmark, the Bloomberg U.S. Aggregate Bond Index, which returned 3.14% for the same Period.

As of the close of business on May 9, 2025, Smith Capital Investors ("SCI") replaced the previous investment sub-advisor for the First Trust Smith Opportunistic Fixed Income ETF ("FIXD" or the "Fund"). In connection with this change, certain non-fundamental investment policies of the Fund were revised to align with SCI's approach to pursuing the Fund's objective and to reflect its general fixed income investment philosophy.

Accordingly, the Fund's performance and historical returns provided herein that include periods prior to May 9, 2025 reflect the portfolio management strategy of the Fund's former sub-advisor and are not necessarily indicative of performance that would have been achieved under SCI's portfolio management and the related investment policy changes.

During the period from May 10, 2025 through August 31, 2025, SCI repositioned the Fund's portfolio to reflect its investment philosophy. SCI increased the Fund's weighting in corporate credit to leverage its core competency in this sector. This strategic shift became the most significant positive contributor to performance during the period with SCI. Over the same period, both investment grade and high yield spreads tightened, providing a favorable backdrop for corporate credit risk. Within corporate credit, the Fund continues to favor credits where capital allocation is focused on fundamental credit improvement through debt pay-down and deleveraging.

The Fund's overweight duration in the 30-year part of the Treasury curve, specifically within the Treasury Inflation-Protected Securities allocation, proved to be the primary performance detractor due to volatility in the 30-year Treasury amid U.S. fiscal deficit concerns and fears of reduced foreign participation in Treasury auctions. The Fund's other performance detractor was the securitized sector, where security selection and yield curve positioning drove incremental underperformance versus the benchmark.

#### FUND PERFORMANCE (February 14, 2017 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573751.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(2/14/17)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Smith Opportunistic Fixed Income ETF | 2.83% | -1.01% | 1.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bloomberg U.S. Aggregate Bond Index | 3.14% | -0.68% | 1.76% |

---

**Visit www.ftportfolios.com/etf/FIXD 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.

Performance in securitized product investment strategies can be impacted from the benefits of purchasing odd lot positions. The impact of these investments can be particularly meaningful when funds have limited assets under management and may not be a sustainable source of performance as a fund grows in size.

KEY FUND STATISTICS (As of August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$3342006747 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;382 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$27916865 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;384% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| U.S. Treasury Bond, 4.75%, 02/15/45 | 5.1% |
| Federal Home Loan Mortgage Corporation, SD8491, 5.00%, 12/01/54 | 3.8% |
| U.S. Treasury Note, 4.00%, 04/30/32 | 3.8% |
| U.S. Treasury Note, 4.13%, 11/30/29 | 3.2% |
| U.S. Treasury Note, 4.13%, 10/31/29 | 3.2% |
| U.S. Treasury Inflation Indexed Bond, 2.13%, 01/15/35 | 2.8% |
| U.S. Treasury Note, 4.25%, 05/15/35 | 2.6% |
| U.S. Treasury Note, 4.00%, 05/31/30 | 2.5% |
| U.S. Treasury Bond, 4.63%, 02/15/55 | 2.0% |
| U.S. Treasury Bond, 4.75%, 05/15/55 | 1.5% |

---

**Credit Quality <sup>(1)</sup>**![Graphical Representation - Allocation 2 Chart](chartimages_10573761.jpg)

Any amount shown as 0.0% represents less than 0.1%.

(1) Credit Quality is a measure of credit worthiness and risk of a bond or portfolio, based on the issuer's financial condition. AAA/Aaa is the highest and D is lowest. If applicable, the Pre-Refunded/Agency category includes bonds which are deemed high-quality investment-grade by the Advisor. If applicable, the Not Rated category includes bonds that are not rated by a Nationally Recognized Statistical Rating Organization. Composite Rating Source: Bloomberg L.P., ratings presented are a blend of a security's Moody's, S&P, Fitch and DBRS ratings. The rating agencies are evenly weighted when calculating the composite. Ratings presented may differ when viewed on an agency-by-agency basis.

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FIXD or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Board of Trustees of the Trust (the "Board") terminated the Fund's investment sub-advisory agreement with TCW Investment Management Company LLC, the Fund's former investment sub-advisor. The Board and the Fund's shareholders also approved a new investment sub-advisory agreement with Smith Capital Investors, LLC ("Smith Capital"), the Fund's new investment sub-advisor. Due to the sub-advisor change, the name of the Fund was changed and certain of the Fund's non-fundamental investment policies were revised to reflect the way in which Smith Capital seeks to achieve the Fund's investment objective and to reflect Smith Capital's general fixed-income investment philosophy. The Fund's principal investment strategies and principal risks were revised accordingly.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FIXD 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.

First Trust Smith Opportunistic Fixed Income ETF (FIXD)

![TSR - First Trust Fund Logo](images_28983.jpg)

### First Trust Smith Unconstrained Bond ETF

#### UCON \| NYSE ARCA, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the First Trust Smith Unconstrained Bond ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/UCON. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### 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<br>of a $10,000 investment** |
| First Trust Smith Unconstrained Bond ETF | $87 | 0.85% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 5.32% for the 12 months ended August 31, 2025. The Fund outperformed its benchmark, the Bloomberg U.S. Aggregate Bond Index, which returned 3.14% for the same Period.

As of the close of business on May 9, 2025, Smith Capital Investors ("SCI") replaced the previous investment sub-advisor for the First Trust Smith Unconstrained Bond ETF ("UCON" or the "Fund"). In connection with this change, certain non-fundamental investment policies of the Fund were revised to align with SCI's approach to pursuing the Fund's objective and to reflect its general fixed income investment philosophy.

Accordingly, the Fund's performance and historical returns provided herein that include periods prior to May 9, 2025 reflect the portfolio management strategy of the Fund's former sub-advisor and are not necessarily indicative of performance that would have been achieved under SCI's portfolio management and the related investment policy changes.

During the period from May 10, 2025 through August 31, 2025, SCI repositioned the Fund's portfolio to reflect its investment philosophy at SCI. SCI increased the Fund's weighting in corporate credit, including in short duration high yield securities, to leverage its core competency in this sector. This strategic shift, the increase in corporate credit, became the most significant positive contributor to performance during the Period. During the same period, both investment grade and high yield spreads tightened, providing a favorable backdrop for corporate credit risk. Within corporate credit, the Fund continues to favor credits where capital allocation is focused on fundamental credit improvement through debt pay-down and deleveraging. SCI's strategic allocation to short duration high yield securities not only captures significantly higher yield profiles than in recent years with limited incremental risk, but also benefits from reduced forecasting error inherent in short-term liquidity evaluations compared to longer-term fundamental projections.

During the period from May 10, 2025 through August 31, 2025, the Fund's performance detractors were primarily in the securitized and Treasury allocations. Both the securitized and Treasury sleeves experienced modest relative underperformance versus the benchmark, largely due to yield curve positioning. The Treasury sleeve's underperformance was further amplified by its use as a mechanism to balance out yield curve positioning from the aforementioned sectors.

#### FUND PERFORMANCE (June 4, 2018 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10573625.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(6/4/18)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Smith Unconstrained Bond ETF | 5.32% | 2.96% | 3.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;ICE BofA 3-Month U.S. Treasury Bill Index | 4.48% | 2.91% | 2.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;ICE BofA US Dollar 3-Month Deposit Offered Rate Average Index<sup>(1)</sup> | 4.66% | 3.13% | 2.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bloomberg U.S. Aggregate Bond Index | 3.14% | -0.68% | 1.90% |

---

(1) On May 31, 2023, the ICE BofA US Dollar 3-Month Deposit Offered Rate Average Index was replaced as a securities market index for the Fund with the ICE BofA 3-Month US Treasury Bill Index in connection with the phase out of the London interbank offered rate.

**Visit www.ftportfolios.com/etf/UCON 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.

Performance in securitized product investment strategies can be impacted from the benefits of purchasing odd lot positions. The impact of these investments can be particularly meaningful when funds have limited assets under management and may not be a sustainable source of performance as a fund grows in size.

KEY FUND STATISTICS (As of August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$2952657464 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;400 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$26900745 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;305% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| U.S. Treasury Note, 4.50%, 05/15/27 | 6.4% |
| U.S. Treasury Note, 3.75%, 04/15/28 | 5.4% |
| U.S. Treasury Note, 4.00%, 05/31/30 | 3.4% |
| Federal Home Loan Mortgage Corporation, SD8491, 5.00%, 12/01/54 | 3.3% |
| U.S. Treasury Note, 4.25%, 01/31/30 | 3.1% |
| U.S. Treasury Bond, 4.75%, 02/15/45 | 2.3% |
| U.S. Treasury Inflation Indexed Bond, 1.63%, 10/15/29 | 2.2% |
| U.S. Treasury Note, 3.50%, 09/30/29 | 2.1% |
| U.S. Treasury Note, 3.75%, 06/30/27 | 1.7% |
| U.S. Treasury Note, 4.25%, 05/15/35 | 1.2% |

---

**Credit Quality <sup>(1)</sup>**![Graphical Representation - Allocation 2 Chart](chartimages_10573635.jpg)

Any amount shown as 0.0% represents less than 0.1%.

(1) Credit Quality is a measure of credit worthiness and risk of a bond or portfolio, based on the issuer's financial condition. AAA/Aaa is the highest and D is lowest. If applicable, the Pre-Refunded/Agency category includes bonds which are deemed high-quality investment-grade by the Advisor. If applicable, the Not Rated category includes bonds that are not rated by a Nationally Recognized Statistical Rating Organization. Composite Rating Source: Bloomberg L.P., ratings presented are a blend of a security's Moody's, S&P, Fitch and DBRS ratings. The rating agencies are evenly weighted when calculating the composite. Ratings presented may differ when viewed on an agency-by-agency basis.

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/UCON or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Board of Trustees of the Trust (the "Board") terminated the Fund's investment sub-advisory agreement with TCW Investment Management Company LLC, the Fund's former investment sub-advisor. The Board and the Fund's shareholders also approved a new investment sub-advisory agreement with Smith Capital Investors, LLC ("Smith Capital"), the Fund's new investment sub-advisor. Due to the sub-advisor change, the name of the Fund was changed and certain of the Fund's non-fundamental investment policies were revised to reflect the way in which Smith Capital seeks to achieve the Fund's investment objective and to reflect Smith Capital's general fixed-income investment philosophy. The Fund's principal investment strategies and principal risks were revised accordingly.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/UCON 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.

First Trust Smith Unconstrained Bond ETF (UCON)

![TSR - First Trust Fund Logo](images_28983.jpg)

### First Trust Securitized Plus ETF

#### DEED \| NYSE ARCA, INC.

#### ANNUAL SHAREHOLDER REPORT \| August 31, 2025
This annual shareholder report contains important information about the First Trust Securitized Plus ETF (the "Fund") for the year of September 1, 2024 to August 31, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DEED. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

**This report describes changes to the Fund that occurred during or after the reporting period.**

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| |
|:---|
| **Fund** |
| First Trust Securitized Plus ETF$76<sup>(1)</sup>0.75%<sup>(1)</sup> |

---

<sup>(1)</sup> 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 3.92% for the 12 months ended August 31, 2025. The Fund outperformed its benchmark, the Bloomberg U.S. Mortgage-Backed Securities Index, which returned 3.36% for the same Period.

As of close of business on May 9, 2025, the First Trust Government and Securitized Products Team of First Trust Advisors L.P. (the investment advisor of the Fund) assumed portfolio management responsibilities for the Fund, replacing the previous sub-advisor of the Fund. During the period from May 10, 2025 through August 31, 2025, the Fund returned 3.35%. During the same period, the Fund outperformed its benchmark by 42 basis points ("bps"), which returned 2.93%.

The outperformance of the Fund for the period post sub-advisor change, from May 10, 2025 through August 31, 2025, was due to several factors:

* The yield curve saw a bullish steepener over the period. The Fund benefited by being overweight duration on average, especially in the 10-year tenor where yields were lower by 16 bps.

* The Fund generated a greater level of income than its benchmark.

* The Fund saw spread tightening across the Non-Agency Securitized Credit sectors.

* The use of derivatives benefited the Fund.

#### FUND PERFORMANCE (April 29, 2020 to August 31, 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
![Fund Performance - Growth of 10K](chartimages_10572155.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of August 31, 2025)** | **1 Year** | **5 Year** | **Since<br>Inception<br>(4/29/20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Securitized Plus ETF | 3.92% | 0.01% | 0.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bloomberg U.S. Mortgage-Backed Securities Index | 3.36% | -0.41% | -0.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bloomberg U.S. Aggregate Bond Index | 3.14% | -0.68% | -0.30% |

---

**Visit www.ftportfolios.com/etf/DEED 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.

Performance in securitized product investment strategies can be impacted from the benefits of purchasing odd lot positions. The impact of these investments can be particularly meaningful when funds have limited assets under management and may not be a sustainable source of performance as a fund grows in size.

KEY FUND STATISTICS (As of August 31, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$72275991 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;150 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$541118 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;178% |

---

#### WHAT DID THE FUND INVEST IN? (As of August 31, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class, 4.13% | 4.5% |
| Gracie Point International Funding LLC, Series 2025-1A, Class D, 0.00%, 08/15/28 | 1.9% |
| Federal Home Loan Mortgage Corporation Seasoned Loans Structured Transaction Trust, Series 2025-1, Class YF, 5.45%, 05/25/35 | 1.8% |
| Federal National Mortgage Association, FA1348, 4.50%, 09/01/52 | 1.8% |
| Federal Home Loan Mortgage Corporation, SL1390, 4.00%, 07/01/50 | 1.8% |
| Federal National Mortgage Association, AL9394, 3.00%, 11/01/46 | 1.8% |
| Federal Home Loan Mortgage Corporation, SL1523, 3.50%, 07/01/50 | 1.8% |
| Federal National Mortgage Association, Series 2024-84, Class FD, 5.50%, 11/25/54 | 1.7% |
| Federal National Mortgage Association, FA1641, 4.50%, 09/01/50 | 1.7% |
| Federal National Mortgage Association, BM4963, 3.00%, 05/01/48 | 1.6% |

---

**Credit Quality <sup>(1)</sup>**![Graphical Representation - Allocation 2 Chart](chartimages_10572165.jpg)

Any amount shown as 0.0% represents less than 0.1%.

(1) The credit quality and ratings information presented above reflect the ratings assigned by one or more nationally recognized statistical rating organizations (NRSROs), including S&P Global Ratings, Moody's Investors Service, Inc., Fitch Ratings, or a comparably rated NRSRO. For situations in which a security is rated by more than one NRSRO and the ratings are not equivalent, the lowest rating is used. Sub-investment grade ratings are those rated BB+/Ba1 or lower. Investment grade ratings are those rated BBB-/Baa3 or higher. The credit ratings shown relate to the creditworthiness of the issuers of the underlying securities in the fund, and not to the fund or its shares. U.S. Treasury, U.S. Agency and U.S. Agency mortgage-backed securities appear under "Government/Agency". Credit ratings are subject to change.

#### HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since September 1, 2024. For more complete information, you may review the Fund's prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/DEED or upon request at 1-800-621-1675 or info@ftportfolios.com.

During the fiscal year ended August 31, 2025, the Board of Trustees of the Trust terminated the Fund's investment sub-advisory agreement with TCW Investment Management Company LLC, the Fund's former investment sub-advisor. Due to the removal of the sub-advisor, the name of the Fund was changed.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DEED 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.

First Trust Securitized Plus ETF (DEED)

------

(b) Not applicable to the Registrant.

**Item 2. Code of Ethics.**

&nbsp;&nbsp;&nbsp;&nbsp;(a) The First Trust Exchange-Traded Fund VIII ("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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;(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.**

&nbsp;&nbsp;&nbsp;&nbsp;(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 $1,606,750 for the fiscal year ended 2024 and $1,665,250 for the fiscal year
 ended 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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 $869,568 for the fiscal year ended 2024 and $886,706 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.

&nbsp;&nbsp;&nbsp;&nbsp;(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:

---

| | |
|:---|:---|
| &nbsp;&nbsp;Registrant: | &nbsp;&nbsp;Advisor and Distributor: |
| &nbsp;&nbsp;(b) 0% | &nbsp;&nbsp; (b) 0% |
| &nbsp;&nbsp;(c) 0% | &nbsp;&nbsp; (c) 0% |
| &nbsp;&nbsp;(d) 0% | &nbsp;&nbsp; (d) 0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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 $869,568 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
 $886,706 for the Registrant, $28,080 for the Registrant's investment advisor and $32,400 for the Registrant's distributor.

&nbsp;&nbsp;&nbsp;&nbsp;(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.**

&nbsp;&nbsp;&nbsp;&nbsp;(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.**

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Annual Financial Statements and Other Information <br> For the Year Ended August 31, 2025

![](img6b2875ae1.gif)

<u>First Trust Exchange-Traded Fund VIII</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

First Trust Income Opportunities ETF (FCEF) <br> First Trust Flexible Municipal High Income ETF (MFLX) <br> First Trust Low Duration Strategic Focus ETF (LDSF)

------

**Table of Contents** 

**First Trust Exchange-Traded Fund VIII**

**Annual Financial Statements and Other Information**

**August 31, 2025** 

---

| | |
|:---|:---|
| [Portfolio of Investments](#xx_47f4693c-78b5-402d-a5f8-a02288acd6b4_SOI-TOC-ScheduleofInvestments-4298_1) |  |
| [First Trust Income Opportunities ETF (FCEF)](#xx_47f4693c-78b5-402d-a5f8-a02288acd6b4_SOI-TOC-ScheduleofInvestments-4298_1) | 1 |
| [First Trust Flexible Municipal High Income ETF (MFLX)](#xx_47f4693c-78b5-402d-a5f8-a02288acd6b4_SOI-TOC-ScheduleofInvestments-4299_1) | 3 |
| [First Trust Low Duration Strategic Focus ETF (LDSF)](#xx_47f4693c-78b5-402d-a5f8-a02288acd6b4_SOI-TOC-ScheduleofInvestments-4207_1) | 7 |
| [Statements of Assets and Liabilities](#xx_47f4693c-78b5-402d-a5f8-a02288acd6b4_SAL1-TOC-StatementofAssetsandLiabilities-4298_1) | 8 |
| [Statements of Operations](#xx_47f4693c-78b5-402d-a5f8-a02288acd6b4_SOP1-TOC-StatementofOperations-4298_1) | 9 |
| [Statements of Changes in Net Assets](#xx_47f4693c-78b5-402d-a5f8-a02288acd6b4_SOC1-TOC-StatementofChanges-4298_1) | 10 |
| [Financial Highlights](#xx_47f4693c-78b5-402d-a5f8-a02288acd6b4_FIHI-TOC-FinancialHighlights-4207_1) | 12 |
| [Notes to Financial Statements](#xx_47f4693c-78b5-402d-a5f8-a02288acd6b4_NTF-TOC-NotestoFinancialStatements-4298_1) | 15 |
| [Report of Independent Registered Public Accounting Firm](#xx_47f4693c-78b5-402d-a5f8-a02288acd6b4_AUD-TOC-RIRPAFirm-4298_1) | 25 |
| [Other Information](#xx_47f4693c-78b5-402d-a5f8-a02288acd6b4_AI-TOC-AdditionalInformation-4298_1) | 26 |

---

**Performance and Risk Disclosure**

There is no assurance that any series of First Trust Exchange-Traded Fund VIII (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(s). 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 Income Opportunities ETF (FCEF)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **CLOSED-END FUNDS — 91.2%** | **CLOSED-END FUNDS — 91.2%** | **CLOSED-END FUNDS — 91.2%** |
|  | **Capital Markets — 91.2%** |  |
| 83360 | abrdn Global Infrastructure <br> Income Fund | $1717216 |
| 24077 | abrdn Healthcare Investors | 398234 |
| 87253 | abrdn Healthcare Opportunities <br> Fund | 1484174 |
| 46390 | abrdn Life Sciences Investors | 647140 |
| 35621 | Adams Natural Resources Fund, <br> Inc. | 787224 |
| 88752 | Angel Oak Financial Strategies <br> Income Term Trust | 1183064 |
| 71690 | BlackRock Capital Allocation <br> Term Trust | 1077501 |
| 60945 | BlackRock Credit Allocation <br> Income Trust | 670395 |
| 35189 | BlackRock Enhanced Large Cap <br> Core Fund, Inc. | 786122 |
| 14490 | BlackRock Health <br> Sciences Trust | 532218 |
| 17837 | BlackRock Multi-Sector Income <br> Trust | 244367 |
| 40511 | BlackRock Resources & <br> Commodities Strategy Trust | 409566 |
| 37295 | BlackRock Science & <br> Technology Trust | 1481357 |
| 12139 | BlackRock Utilities <br> Infrastructure & Power <br> Opportunities Trust | 331516 |
| 42253 | Blackstone Strategic Credit 2027 <br> Term Fund | 532388 |
| 78969 | Brookfield Real Assets Income <br> Fund, Inc. | 1067661 |
| 21451 | Central Securities Corp. | 1072335 |
| 11217 | ClearBridge Energy Midstream <br> Opportunity Fund, Inc. | 546268 |
| 49474 | Cohen & Steers Infrastructure <br> Fund, Inc. | 1318977 |
| 42979 | Cohen & Steers Quality Income <br> Realty Fund, Inc. | 538957 |
| 8664 | DoubleLine Yield Opportunities <br> Fund | 134292 |
| 51852 | Duff & Phelps Utility and <br> Infrastructure Fund, Inc. | 661631 |
| 54259 | Eaton Vance Short Duration <br> Diversified Income Fund | 612041 |
| 71612 | Eaton Vance Tax-Advantaged <br> Dividend Income Fund | 1745184 |
| 90658 | Eaton Vance Tax-Advantaged <br> Global Dividend Income Fund | 1892032 |
| 63824 | Eaton Vance Tax-Advantaged <br> Global Dividend <br> Opportunities Fund | 1750054 |
| 217418 | FS Credit Opportunities Corp. | 1630635 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Capital Markets (Continued)** |  |
| 58199 | Gabelli Dividend & Income <br> (The) Trust  | $1567881 |
| 17758 | General American Investors Co., <br> Inc. | 1067256 |
| 40053 | John Hancock Premium <br> Dividend Fund | 536710 |
| 70412 | John Hancock Tax-Advantaged <br> Dividend Income Fund | 1730727 |
| 54888 | Kayne Anderson Energy <br> Infrastructure Fund | 687747 |
| 110609 | Nuveen Credit Strategies Income <br> Fund | 609456 |
| 79256 | Nuveen Floating Rate Income <br> Fund | 669713 |
| 13717 | Nuveen Mortgage and Income <br> Fund | 257880 |
| 63485 | Nuveen Multi-Asset Income <br> Fund | 803085 |
| 24731 | Nuveen NASDAQ 100 Dynamic <br> Overwrite Fund | 665511 |
| 125958 | Nuveen Preferred & Income <br> Opportunities Fund | 1017741 |
| 49978 | Nuveen Real Asset Income and <br> Growth Fund | 679701 |
| 33829 | Nuveen Taxable Municipal <br> Income Fund | 539573 |
| 60859 | Nuveen Variable Rate Preferred <br> & Income Fund | 1195271 |
| 78357 | PGIM Global High Yield Fund, <br> Inc. | 1046066 |
| 15737 | PIMCO Access Income Fund | 253051 |
| 45993 | PIMCO Dynamic Income <br> Opportunities Fund | 637463 |
| 43800 | PIMCO Dynamic Income <br> Strategy Fund | 1081422 |
| 28204 | Reaves Utility Income Fund | 1070060 |
| 27289 | Royce Micro-Cap Trust, Inc. | 277529 |
| 60210 | Royce Small-Cap Trust, Inc. | 966973 |
| 35526 | Source Capital, Inc. | 1580907 |
| 43279 | Tri-Continental Corp. | 1451578 |
| 21839 | Virtus Artificial Intelligence & <br> Technology Opportunities <br> Fund | 535274 |
| 79169 | Western Asset Diversified <br> Income Fund | 1191493 |
| 65962 | Western Asset High Income <br> Opportunity Fund, Inc. | 262529 |
| 150626 | Western Asset Inflation-Linked <br> Opportunities & Income Fund | 1346596 |
|  | **Total Closed-End Funds** | 48981742 |
|  | (Cost $45,351,850) |  |

---

See Notes to Financial Statements

------

**First Trust Income Opportunities ETF (FCEF)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **EXCHANGE-TRADED FUNDS — 4.4%** | **EXCHANGE-TRADED FUNDS — 4.4%** | **EXCHANGE-TRADED FUNDS — 4.4%** |
|  | **Capital Markets — 4.4%** |  |
| 6813 | BNY Mellon Global <br> Infrastructure Income ETF | $261210 |
| 79536 | Invesco Variable Rate <br> Investment Grade ETF | 1995956 |
| 6005 | Tortoise Essential Energy Fund | 123951 |
|  | **Total Exchange-Traded Funds** | 2381117 |
|  | (Cost $2,348,507) |  |
| **RIGHTS — 0.0%** | **RIGHTS — 0.0%** | **RIGHTS — 0.0%** |
|  | **Capital Markets — 0.0%** |  |
| 17837 | BlackRock Multi-Sector Income <br> Trust, expiring 9/10/2025 (a) | 1962 |
|  | (Cost $0) |  |
| **MONEY MARKET FUNDS — 4.3%** | **MONEY MARKET FUNDS — 4.3%** | **MONEY MARKET FUNDS — 4.3%** |
| 2283257 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 4.13% (b) | 2283257 |
|  | (Cost $2,283,257) |  |
|  | **Total Investments — 99.9%** | 53648078 |
|  | (Cost $49,983,614) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.1%** | 76227 |
|  | **Net Assets — 100.0%** | $53724305 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Closed-End Funds\* | $48981742 | $48981742 | $— | $— |
| Exchange-Traded Funds\* | 2381117 | 2381117 |  |  |
| Rights\* | 1962 |  | 1962 |  |
| Money Market Funds | 2283257 | 2283257 |  |  |
| Total Investments | $53648078 | $53646116 | $1962 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**First Trust Flexible Municipal High Income ETF (MFLX)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Coupon**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **MUNICIPAL BONDS — 86.5%** | **MUNICIPAL BONDS — 86.5%** | **MUNICIPAL BONDS — 86.5%** | **MUNICIPAL BONDS — 86.5%** | **MUNICIPAL BONDS — 86.5%** |
|  | **Alabama — 4.4%** | **Alabama — 4.4%** | **Alabama — 4.4%** |  |
| $250000 | Black Belt Energy Gas Dist AL Gas Proj Rev Bonds Proj No 7, Ser <br> C-1 (Mandatory put 12/01/26) | 4.00% | 10/01/52 | $252607 |
| 450000 | Jefferson Cnty AL Swr Rev Warrants Ref Warrants | 5.25% | 10/01/42 | 463151 |
|  |  |  |  | 715758 |
|  | **Arizona — 2.6%** | **Arizona — 2.6%** | **Arizona — 2.6%** |  |
| 275000 | AZ St Indl Dev Auth Edu Rev Ref Doral Acdmy of Northern NV <br> Proj, Ser A (a) | 4.00% | 07/15/37 | 237623 |
| 250000 | AZ St Indl Dev Auth Edu Rev Somerset Acdmy of LV Aliante & <br> Skye Canyon Cmps Proj, Ser A (a) | 4.00% | 12/15/51 | 183481 |
|  |  |  |  | 421104 |
|  | **Arkansas — 0.6%** | **Arkansas — 0.6%** | **Arkansas — 0.6%** |  |
| 100000 | AR Dev Fin Auth Envrnmntl Rev Sustainable Bond United States <br> Steel Corp Proj, AMT | 5.45% | 09/01/52 | 97141 |
|  | **California — 2.5%** | **California — 2.5%** | **California — 2.5%** |  |
| 225000 | Burbank Glendale Pasadena CA Arpt Auth Arpt Rev Sr, Ser B, AG, <br> AMT | 4.38% | 07/01/49 | 201490 |
| 250000 | Elk Grove CA Fin Auth Spl Tax Rev CFD #2005-1 Laguna Ridge | 4.00% | 09/01/50 | 203089 |
|  |  |  |  | 404579 |
|  | **Colorado — 2.6%** | **Colorado — 2.6%** | **Colorado — 2.6%** |  |
| 250000 | CO St Hlth Facs Auth Rev Ref Frasier Proj, Ser 2023A | 4.00% | 05/15/41 | 218811 |
| 200000 | Denver City & Cnty CO Spl Facs Arpt Rev Ref United Airls Inc <br> Proj, AMT | 5.00% | 10/01/32 | 199992 |
|  |  |  |  | 418803 |
|  | **Florida — 11.5%** | **Florida — 11.5%** | **Florida — 11.5%** |  |
| 250000 | Black Creek FL CDD Spl Assmnt Expansion Area Proj | 5.13% | 06/15/32 | 261966 |
| 275000 | Capital Projs Fin Auth FL Eductnl Facs Rev Kissimmee Chrt <br> Acdmy Proj (a) | 6.50% | 06/15/54 | 273644 |
| 250000 | Charlotte Cnty FL Indl Dev Auth Util Sys Rev Town & Country <br> Utils Proj, Ser A, AMT (a) | 4.00% | 10/01/51 | 194410 |
| 225000 | Cypress Mill CDD FL Spl Assmnt 2023 Proj | 5.00% | 05/01/43 | 217659 |
| 250000 | Lakewood Ranch FL Stewardship Dist Spl Assmnt Rev Lakewood <br> Ranch SE Proj (b) | 6.00% | 05/01/56 | 247901 |
| 250000 | N Sumter Cnty FL Util Dependent Dist Util Rev Sumter Wtr <br> Conservation Auth Proj, AG | 4.00% | 10/01/41 | 236667 |
| 250000 | Ridge at Apopka CDD FL Spl Assmnt, Ser 22 | 5.38% | 05/01/42 | 252204 |
| 250000 | Sawyers Landing CDD FL Spl Assmnt Rev | 4.25% | 05/01/53 | 202642 |
|  |  |  |  | 1887093 |
|  | **Georgia — 1.5%** | **Georgia — 1.5%** | **Georgia — 1.5%** |  |
| 250000 | Main Street Nat Gas Inc GA Gas Sply Rev, Ser A (Mandatory put <br> 12/01/29) | 4.00% | 09/01/52 | 253228 |
|  | **Guam — 1.6%** | **Guam — 1.6%** | **Guam — 1.6%** |  |
| 250000 | Guam Govt Busn Privilege Tax Rev Ref, Ser F | 5.00% | 01/01/28 | 259727 |
|  | **Illinois — 1.4%** | **Illinois — 1.4%** | **Illinois — 1.4%** |  |
| 250000 | IL St, Ser A | 4.00% | 03/01/38 | 233645 |
|  | **Indiana — 3.4%** | **Indiana — 3.4%** | **Indiana — 3.4%** |  |
| 250000 | IN St Fin Auth Hlth Fac Rev Margaret Mary Hlth Proj, Ser A | 5.75% | 03/01/54 | 255056 |
| 300000 | Indianapolis IN Loc Pub Impt Bond Bank Sr Convention Ctr <br> Hotel, Ser E | 6.00% | 03/01/53 | 305004 |
|  |  |  |  | 560060 |

---

See Notes to Financial Statements

------

**First Trust Flexible Municipal High Income ETF (MFLX)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Iowa — 3.1%** | **Iowa — 3.1%** | **Iowa — 3.1%** |  |
| $260000 | Dallas Ctr IA Grimes Cmnty Sch Dist | 3.00% | 05/01/39 | $217107 |
| 250000 | IA St Fin Auth Midwstrn Disaster Area Rev Ref IA Fertilizer <br> Company Proj (Pre-refunded maturity 12/01/32) | 5.00% | 12/01/50 | 283869 |
|  |  |  |  | 500976 |
|  | **Kansas — 1.5%** | **Kansas — 1.5%** | **Kansas — 1.5%** |  |
| 250000 | Wyandotte Cnty KS Kansas City Unif Govt Spl Oblg Rev Ref Vlg <br> E Proj Areas 2B 3 5 (a) | 5.75% | 09/01/39 | 253708 |
|  | **Maine — 3.4%** | **Maine — 3.4%** | **Maine — 3.4%** |  |
| 300000 | ME St Fin Auth Sol Wst Disp Rev Casella Wst Sys Inc Proj <br> Remk, Ser R-3, AMT (a) | 5.00% | 08/01/35 | 302377 |
| 250000 | ME St Fin Auth Univ of New England Issue | 5.50% | 07/01/55 | 255730 |
|  |  |  |  | 558107 |
|  | **Massachusetts — 1.8%** | **Massachusetts — 1.8%** | **Massachusetts — 1.8%** |  |
| 300000 | MA St Dev Fin Agy Rev Tufts Univ Stdt Hsg Proj Prg Medford <br> Properties Inc | 5.25% | 06/01/60 | 298078 |
|  | **Minnesota — 1.4%** | **Minnesota — 1.4%** | **Minnesota — 1.4%** |  |
| 250000 | Rochester MN Hlthcare Facs Rev Mayo Clinic, Ser A | 4.25% | 11/15/50 | 228780 |
|  | **Missouri — 1.4%** | **Missouri — 1.4%** | **Missouri — 1.4%** |  |
| 250000 | Saint Charles Cnty MO Pub Wtr Sply Dist #2 Pub Wtr Sply Dist <br> No 2, COPS | 4.00% | 12/01/44 | 224323 |
|  | **Montana — 1.2%** | **Montana — 1.2%** | **Montana — 1.2%** |  |
| 250000 | MT St Brd of Hsg Sf Mtge Ref, Ser A-1 | 2.80% | 12/01/39 | 197313 |
|  | **New Hampshire — 1.7%** | **New Hampshire — 1.7%** | **New Hampshire — 1.7%** |  |
| 300000 | NH St Busn Fin Auth Wtr Fac Rev Pennichuck Wtr Wks Inc <br> Proj, Ser A, AMT | 5.38% | 04/01/49 | 281737 |
|  | **New York — 4.9%** | **New York — 4.9%** | **New York — 4.9%** |  |
| 300000 | Dutchess Cnty NY Loc Dev Corp Mf Mtebs Sustainable Bonds <br> Tomopkins Terrace Hsg LP Proj | 5.00% | 10/01/40 | 306338 |
| 250000 | NY St Transprtn Dev Corp Spl Fac Rev Sustainable Bond JFK Intl <br> Arpt New Terminal, AMT | 5.25% | 06/30/49 | 240132 |
| 250000 | Suffolk Regl Off Track Betting Corp NY Rev | 5.75% | 12/01/44 | 250089 |
|  |  |  |  | 796559 |
|  | **North Carolina — 1.3%** | **North Carolina — 1.3%** | **North Carolina — 1.3%** |  |
| 250000 | NC St Med Care Commn Hlth Care Facs Rev Lutheran Svcs for the <br> Aging Ref, Ser A | 4.00% | 03/01/41 | 218905 |
|  | **Ohio — 3.1%** | **Ohio — 3.1%** | **Ohio — 3.1%** |  |
| 500000 | Columbus OH Regl Arpt Auth Rev Ref John Glenn Columbus Intl <br> Arpt, Ser A, AMT | 5.50% | 01/01/50 | 511942 |
|  | **Oregon — 1.4%** | **Oregon — 1.4%** | **Oregon — 1.4%** |  |
| 250000 | Clackamas Cnty OR Hosp Fac Auth Rev Ref Rose Villa Proj, Ser A | 5.38% | 11/15/55 | 223217 |
|  | **Pennsylvania — 1.5%** | **Pennsylvania — 1.5%** | **Pennsylvania — 1.5%** |  |
| 250000 | Allegheny Cnty PA Hosp Dev Auth Ref Univ Pittsburgh Med <br> Ctr, Ser A | 4.00% | 07/15/37 | 238576 |
|  | **Puerto Rico — 2.9%** | **Puerto Rico — 2.9%** | **Puerto Rico — 2.9%** |  |
| 250000 | Puerto Rico Cmwlth Restructured, Ser A1 | 4.00% | 07/01/35 | 239719 |
| 250000 | Puerto Rico Sales Tax Fing Corp Sales Tax Rev Restructured <br> Converted, Ser A-2 | 4.33% | 07/01/40 | 231860 |
|  |  |  |  | 471579 |

---

See Notes to Financial Statements

------

**First Trust Flexible Municipal High Income ETF (MFLX)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **South Carolina — 5.2%** | **South Carolina — 5.2%** | **South Carolina — 5.2%** |  |
| $300000 | Charleston Cnty SC Arpt Dist Arpt Sys Rev, Ser A, AMT | 5.25% | 07/01/42 | $308953 |
| 250000 | Patriots Energy Grp Fing Agy SC Gas Sply Rev Ref Var, Ser B-1 <br> (Mandatory put 03/01/31) | 5.25% | 02/01/54 | 270343 |
| 280000 | SC St Jobs Econ Dev Auth Econ Dev Rev Ref The Woodlands at <br> Furman | 4.00% | 11/15/32 | 276055 |
|  |  |  |  | 855351 |
|  | **Texas — 4.5%** | **Texas — 4.5%** | **Texas — 4.5%** |  |
| 250000 | Georgetown TX Util Sys Rev, BAM | 4.00% | 08/15/49 | 210400 |
| 250000 | Houston TX Arpt Sys Rev Subord Lien, Ser A, AMT | 5.50% | 07/01/45 | 260988 |
| 250000 | TX St Muni Gas Acq & Sply Corp IV, Ser B (Mandatory put <br> 01/01/34) | 5.50% | 01/01/54 | 273586 |
|  |  |  |  | 744974 |
|  | **Vermont — 1.7%** | **Vermont — 1.7%** | **Vermont — 1.7%** |  |
| 300000 | VT St Econ Dev Auth Mtge Rev Ref Wake Robin Corp Proj, Ser A | 4.00% | 05/01/37 | 275250 |
|  | **Virginia — 1.5%** | **Virginia — 1.5%** | **Virginia — 1.5%** |  |
| 250000 | VA St Small Busn Fing Auth Rsdl Fac Care Rev Ref Lifespire of <br> VA, Ser A | 5.50% | 12/01/54 | 243519 |
|  | **Washington — 3.4%** | **Washington — 3.4%** | **Washington — 3.4%** |  |
| 300000 | Skagit Cnty WA Pub Hosp Dist #1 | 5.50% | 12/01/54 | 302953 |
| 250000 | WA St Hsg Fin Commn Nonprofit Rev Radford Court & Nordheim <br> Court Portfolio | 5.50% | 07/01/59 | 250500 |
|  |  |  |  | 553453 |
|  | **Wisconsin — 7.5%** | **Wisconsin — 7.5%** | **Wisconsin — 7.5%** |  |
| 250000 | Pub Fin Auth WI Chrt Sch Rev Founders of Acdmy Las Vegas <br> Proj, Ser A (a) | 5.00% | 07/01/55 | 204542 |
| 250000 | Pub Fin Auth WI Stdt Hsg Rev Ref Cmps Real Estate Holding <br> Corp LLC Proj, Ser A | 5.50% | 06/01/55 | 242854 |
| 255000 | Pub Fin Auth WI Stdt Hsg Rev Sr KSU Bixby Real Estate <br> Fdtn LLC Proj, Ser A | 5.25% | 06/15/55 | 250086 |
| 300000 | Pub Fin Auth WI Tax Incr Rev Miami Worldcenter Proj, Ser A (a) | 5.00% | 06/01/41 | 293400 |
| 250000 | Pub Fin Auth WI Toll Rev Sr GA Sr 400 Express Lanes Proj, AMT | 5.75% | 06/30/60 | 245186 |
|  |  |  |  | 1236068 |
|  | **Total Municipal Bonds** | **Total Municipal Bonds** | **Total Municipal Bonds** | 14163553 |
|  | (Cost $14,245,872) | (Cost $14,245,872) | (Cost $14,245,872) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **CLOSED-END FUNDS — 6.7%** | **CLOSED-END FUNDS — 6.7%** | **CLOSED-END FUNDS — 6.7%** |
|  | **Capital Markets — 6.7%** |  |
| 1619 | BlackRock Municipal Income Quality Trust | 17113 |
| 4815 | BlackRock Municipal Income Trust | 46609 |
| 10508 | BlackRock Municipal Income Trust II | 104660 |
| 2770 | BlackRock MuniHoldings Fund, Inc. | 30969 |
| 4621 | BlackRock MuniYield Quality Fund II, Inc. | 44315 |
| 6499 | BlackRock MuniYield Quality Fund III, Inc. | 68889 |
| 1838 | BlackRock MuniYield Quality Fund, Inc. | 20347 |
| 5360 | Eaton Vance Municipal Income Trust | 56012 |
| 3721 | Invesco Municipal Trust | 34010 |
| 7436 | Invesco Quality Municipal Income Trust | 70047 |

---

See Notes to Financial Statements

------

**First Trust Flexible Municipal High Income ETF (MFLX)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **CLOSED-END FUNDS (Continued)** | **CLOSED-END FUNDS (Continued)** | **CLOSED-END FUNDS (Continued)** |
|  | **Capital Markets (Continued)** |  |
| 7822 | Invesco Trust for Investment Grade Municipals | $74622 |
| 9457 | Nuveen AMT-Free Municipal Credit Income Fund | 112160 |
| 14622 | Nuveen AMT-Free Quality Municipal Income Fund | 160842 |
| 6626 | Nuveen Municipal Credit Income Fund | 79313 |
| 6468 | Nuveen Quality Municipal Income Fund | 73282 |
| 10832 | Western Asset Managed Municipals Fund, Inc. | 107129 |
|  | **Total Closed-End Funds** | 1100319 |
|  | (Cost $1,197,732) |  |
|  | **Total Investments — 93.2%** | 15263872 |
|  | (Cost $15,443,604) |  |
|  | **Net Other Assets and Liabilities — 6.8%** | 1117268 |
|  | **Net Assets — 100.0%** | $16381140 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) This
 security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule
 144A of the Securities Act of 1933, as amended, and may be resold in transactions exempt from registration, normally
 to qualified
 institutional buyers. Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to
 be liquid by First Trust Advisors L.P., the Fund's advisor. Although market instability can result in periods of increased overall market
 illiquidity, liquidity for each security is determined based on security specific factors and assumptions, which require subjective
 judgment. At August 31, 2025, securities noted as such amounted to $1,943,185 or 11.9% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(b) When-issued
 security. The interest rate shown reflects the rate in effect at August 31, 2025. Interest will begin accruing on the security's
 first settlement date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| AG | – Assured Guaranty, Inc. |
| AMT | – Alternative Minimum Tax |
| BAM | – Build America Mutual |
| COPS | – Certificates of Participation |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Municipal Bonds\* | $14163553 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $14163553 | &nbsp;&nbsp; $— |
| Closed-End Funds\*\* | 1100319 | &nbsp;&nbsp; 1100319 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $15263872 | &nbsp;&nbsp; $1100319 | &nbsp;&nbsp; $14163553 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for state and territory breakout. <br> \*\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**First Trust Low Duration Strategic Focus ETF (LDSF)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **EXCHANGE-TRADED FUNDS — 99.8%** | **EXCHANGE-TRADED FUNDS — 99.8%** | **EXCHANGE-TRADED FUNDS — 99.8%** |
|  | **Capital Markets (a) — 99.8%** |  |
| 132794 | First Trust Emerging Markets <br> Local Currency Bond ETF | $3861649 |
| 128165 | First Trust Enhanced Short <br> Maturity ETF | 7678365 |
| 168400 | First Trust Institutional Preferred <br> Securities and Income ETF | 3228228 |
| 2341548 | First Trust Limited Duration <br> Investment Grade Corporate <br> ETF | 44910890 |
| 908793 | First Trust Low Duration <br> Opportunities ETF | 45085221 |
| 222984 | First Trust Senior Loan Fund | 10248345 |
| 321466 | First Trust Tactical High Yield <br> ETF | 13485499 |
|  | **Total Exchange-Traded Funds** | 128498197 |
|  | (Cost $128,474,744) |  |
| **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** |
| 271220 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 4.13% (b) | 271220 |
|  | (Cost $271,220) |  |
|  | **Total Investments — 100.0%** | 128769417 |
|  | (Cost $128,745,964) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.0%** | 7326 |
|  | **Net Assets — 100.0%** | $128776743 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents
 investments in affiliated funds.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Exchange-Traded <br> Funds\*<br>| $128498197 | $128498197 | $— | $— |
| Money Market Funds | 271220 | 271220 |  |  |
| Total Investments | $128769417 | $128769417 | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Assets and Liabilities**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **First Trust** <br> **Income** <br> **Opportunities** <br> **ETF** <br>**(FCEF)** <br>| **First Trust** <br> **Flexible** <br> **Municipal High** <br> **Income ETF** <br>**(MFLX)** <br>| **First Trust Low** <br> **Duration** <br> **Strategic Focus** <br> **ETF** <br>**(LDSF)** <br>|
| **ASSETS:** |  |  |  |
| Investments, at value - Unaffiliated | $53648078 | &nbsp;&nbsp; $15263872 | &nbsp;&nbsp; $271220 |
| Investments, at value - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 128498197 |
| Total investments, at value | 53648078 | &nbsp;&nbsp; 15263872 | &nbsp;&nbsp; 128769417 |
| Cash |  | &nbsp;&nbsp; 1179533 | &nbsp;&nbsp; — |
| Receivables: |  |  |  |
| Dividends | 126912 | &nbsp;&nbsp; 5186 | &nbsp;&nbsp; 29137 |
| Interest |  | &nbsp;&nbsp; 189670 | &nbsp;&nbsp; — |
| Total Assets | 53774990 | &nbsp;&nbsp; 16638261 | &nbsp;&nbsp; 128798554 |
| **LIABILITIES:** |  |  |  |
| Payables: |  |  |  |
| Investment advisory fees | 37419 | &nbsp;&nbsp; 9911 | &nbsp;&nbsp; 21811 |
| Investment securities purchased | 13266 | &nbsp;&nbsp; 247210 | &nbsp;&nbsp; — |
| Total Liabilities | 50685 | &nbsp;&nbsp; 257121 | &nbsp;&nbsp; 21811 |
| **NET ASSETS** | $53724305 | &nbsp;&nbsp; $16381140 | &nbsp;&nbsp; $128776743 |
| **NET ASSETS consist of:** |  |  |  |
| Paid-in capital | $50052337 | &nbsp;&nbsp; $20407695 | &nbsp;&nbsp; $142211597 |
| Par value | 23550 | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 67500 |
| Accumulated distributable earnings (loss) | 3648418 | &nbsp;&nbsp; (4036555)<br>| &nbsp;&nbsp; (13502354)<br>|
| **NET ASSETS** | $53724305 | &nbsp;&nbsp; $16381140 | &nbsp;&nbsp; $128776743 |
| **NET ASSET VALUE,** per share | $22.81 | &nbsp;&nbsp; $16.38 | &nbsp;&nbsp; $19.08 |
| Number of shares outstanding (unlimited number of shares authorized, <br> par value $0.01 per share)<br>| 2355000 | &nbsp;&nbsp; 1000002 | &nbsp;&nbsp; 6750002 |
| Investments, at cost - Unaffiliated | $49983614 | &nbsp;&nbsp; $15443604 | &nbsp;&nbsp; $271220 |
| Investments, at cost - Affiliated | $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $128474744 |
| Total investments, at cost | $49983614 | &nbsp;&nbsp; $15443604 | &nbsp;&nbsp; $128745964 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Operations**

**For the Year Ended August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **First Trust** <br> **Income** <br> **Opportunities** <br> **ETF** <br>**(FCEF)** <br>| **First Trust** <br> **Flexible** <br> **Municipal High** <br> **Income ETF** <br>**(MFLX)** <br>| **First Trust Low** <br> **Duration** <br> **Strategic Focus** <br> **ETF** <br>**(LDSF)** <br>|
| **INVESTMENT INCOME:** |  |  |  |
| Dividends - Unaffiliated | $2074953 | &nbsp;&nbsp; $58047 | &nbsp;&nbsp; $64761 |
| Dividends - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 5828536 |
| Interest |  | &nbsp;&nbsp; 646079 | &nbsp;&nbsp; — |
| Total investment income | 2074953 | &nbsp;&nbsp; 704126 | &nbsp;&nbsp; 5893297 |
| **EXPENSES:** |  |  |  |
| Investment advisory fees | 366073<br>| &nbsp;&nbsp; 111719<br>| &nbsp;&nbsp; 252802<br>|
| Total expenses | 366073 | &nbsp;&nbsp; 111719 | &nbsp;&nbsp; 252802 |
| **NET INVESTMENT INCOME (LOSS)** | 1708880 | &nbsp;&nbsp; 592407 | &nbsp;&nbsp; 5640495 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS):** |  |  |  |
| Net realized gain (loss) on: |  |  |  |
| Investments - Unaffiliated | 60236 | &nbsp;&nbsp; (119584)<br>| &nbsp;&nbsp; 86691 |
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; (1232545)<br>|
| In-kind redemptions - Unaffiliated | 147488 | &nbsp;&nbsp; — | &nbsp;&nbsp; 62031 |
| In-kind redemptions - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 1089828 |
| Distribution of capital gains from investment companies | 286641 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Futures contracts |  | &nbsp;&nbsp; (13962)<br>| &nbsp;&nbsp; — |
| Net realized gain (loss) | 494365 | &nbsp;&nbsp; (133546)<br>| &nbsp;&nbsp; 6005 |
| Net change in unrealized appreciation (depreciation) on: |  |  |  |
| Investments - Unaffiliated | 2917294 | &nbsp;&nbsp; (683762)<br>| &nbsp;&nbsp; (232147)<br>|
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 896101 |
| Net change in unrealized appreciation (depreciation) | 2917294 | &nbsp;&nbsp; (683762)<br>| &nbsp;&nbsp; 663954 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** | 3411659 | &nbsp;&nbsp; (817308)<br>| &nbsp;&nbsp; 669959 |
| **NET INCREASE (DECREASE) IN NET ASSETS RESULTING** <br> **FROM OPERATIONS**<br>| $5120539 | &nbsp;&nbsp; $(224901)<br>| &nbsp;&nbsp; $6310454 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **First Trust Income Opportunities** <br> **ETF (FCEF)** | **First Trust Income Opportunities** <br> **ETF (FCEF)** | **First Trust Flexible Municipal** <br> **High Income ETF (MFLX)** | **First Trust Flexible Municipal** <br> **High Income ETF (MFLX)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $1708880 | &nbsp;&nbsp; $1545620 | &nbsp;&nbsp; $592407 | &nbsp;&nbsp; $565076 |
| Net realized gain (loss) | 494365 | &nbsp;&nbsp; 56172 | &nbsp;&nbsp; (133546)<br>| &nbsp;&nbsp; (65520)<br>|
| Net change in unrealized appreciation (depreciation) | 2917294 | &nbsp;&nbsp; 4538007 | &nbsp;&nbsp; (683762)<br>| &nbsp;&nbsp; 953905 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 5120539 | &nbsp;&nbsp; 6139799 | &nbsp;&nbsp; (224901)<br>| &nbsp;&nbsp; 1453461 |
| **DISTRIBUTIONS TO SHAREHOLDERS FROM:** |  |  |  |  |
| Investment operations | (3167100)<br>| &nbsp;&nbsp; (2234763)<br>| &nbsp;&nbsp; (581909)<br>| &nbsp;&nbsp; (553651)<br>|
| Return of capital |  | &nbsp;&nbsp; — | &nbsp;&nbsp; (24718)<br>| &nbsp;&nbsp; — |
| Total distributions to shareholders | (3167100)<br>| &nbsp;&nbsp; (2234763)<br>| &nbsp;&nbsp; (606627)<br>| &nbsp;&nbsp; (553651)<br>|
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 14367660<br>| &nbsp;&nbsp; 10251554<br>| &nbsp;&nbsp; 2452767<br>| &nbsp;&nbsp; 4152975<br>|
| Cost of shares redeemed | (1093381) <br>| &nbsp;&nbsp; (3833867) <br>| &nbsp;&nbsp; (874647) <br>| &nbsp;&nbsp; (1711599) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 13274279 | &nbsp;&nbsp; 6417687 | &nbsp;&nbsp; 1578120 | &nbsp;&nbsp; 2441376 |
| Total increase (decrease) in net assets | 15227718 | &nbsp;&nbsp; 10322723 | &nbsp;&nbsp; 746592 | &nbsp;&nbsp; 3341186 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 38496587 | &nbsp;&nbsp; 28173864 | &nbsp;&nbsp; 15634548 | &nbsp;&nbsp; 12293362 |
| End of period | $53724305 | &nbsp;&nbsp; $38496587 | &nbsp;&nbsp; $16381140 | &nbsp;&nbsp; $15634548 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 1755000 | &nbsp;&nbsp; 1455000 | &nbsp;&nbsp; 900002 | &nbsp;&nbsp; 750002 |
| Shares sold | 650000 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 250000 |
| Shares redeemed | (50000)<br>| &nbsp;&nbsp; (200000)<br>| &nbsp;&nbsp; (50000)<br>| &nbsp;&nbsp; (100000)<br>|
| Shares outstanding, end of period | 2355000 | &nbsp;&nbsp; 1755000 | &nbsp;&nbsp; 1000002 | &nbsp;&nbsp; 900002 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **First Trust Low Duration** <br> **Strategic Focus ETF (LDSF)** | **First Trust Low Duration** <br> **Strategic Focus ETF (LDSF)** |
| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| $5640495 | &nbsp;&nbsp; $5935029 |
| 6005 | &nbsp;&nbsp; (1865029)<br>|
| 663954 | &nbsp;&nbsp; 5731733 |
| 6310454 | &nbsp;&nbsp; 9801733 |
| (5724002)<br>| &nbsp;&nbsp; (5907183)<br>|
| (5724002)<br>| &nbsp;&nbsp; (5907183)<br>|
| 37715494<br>| &nbsp;&nbsp; 71062021<br>|
| (62677497) <br>| &nbsp;&nbsp; (58910325) <br>|
| (24962003)<br>| &nbsp;&nbsp; 12151696 |
| (24375551)<br>| &nbsp;&nbsp; 16046246 |
| 153152294 | &nbsp;&nbsp; 137106048 |
| $128776743 | &nbsp;&nbsp; $153152294 |
| 8050002 | &nbsp;&nbsp; 7400002 |
| 2000000 | &nbsp;&nbsp; 3800000 |
| (3300000)<br>| &nbsp;&nbsp; (3150000)<br>|
| 6750002 | &nbsp;&nbsp; 8050002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights**

**For a share outstanding throughout each period**

**First Trust Income Opportunities ETF (FCEF)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $21.94 | &nbsp;&nbsp;&nbsp;&nbsp; $19.36 | &nbsp;&nbsp;&nbsp;&nbsp; $20.67 | &nbsp;&nbsp;&nbsp;&nbsp; $25.70 | &nbsp;&nbsp;&nbsp;&nbsp; $20.12 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 0.87<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.02<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.79<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.87<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br>|
| Net realized and unrealized gain (loss) | 1.62<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.04<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.69) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4.53) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.07<br>|
| Total from investment operations | 2.49<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.06<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.66) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.72<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (1.42) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.43) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.36) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.26) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84) <br>|
| Net realized gain | (0.20) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.05) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.05) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.11) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.30) <br>|
| Total distributions | (1.62) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.48) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.41) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.37) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.14) <br>|
| Net asset value, end of period | $22.81<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.94<br>| &nbsp;&nbsp;&nbsp;&nbsp; $19.36<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.67<br>| &nbsp;&nbsp;&nbsp;&nbsp; $25.70<br>|
| **Total return** (c) | 11.86<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 21.94<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.68<br> % (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (14.62)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 34.19<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $53724<br>| &nbsp;&nbsp;&nbsp;&nbsp; $38497<br>| &nbsp;&nbsp;&nbsp;&nbsp; $28174<br>| &nbsp;&nbsp;&nbsp;&nbsp; $28005<br>| &nbsp;&nbsp;&nbsp;&nbsp; $38675<br>|
| Ratio of total expenses to average net assets (d) | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>|
| Ratio of net investment income (loss) to average net assets (d) | 3.97<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.07<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.06<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.87<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.79<br> % <br>|
| Portfolio turnover rate (e) | 15<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Fund received a payment from the advisor in the amount of $7, which represents less than $0.01 per share. Since the advisor reimbursed
 the Fund,
 there was no effect on the Fund's total return.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**First Trust Flexible Municipal High Income ETF (MFLX)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $17.37 | &nbsp;&nbsp;&nbsp;&nbsp; $16.39 | &nbsp;&nbsp;&nbsp;&nbsp; $16.79 | &nbsp;&nbsp;&nbsp;&nbsp; $21.56 | &nbsp;&nbsp;&nbsp;&nbsp; $19.21 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 0.67<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.63<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.61<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.67<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br>|
| Net realized and unrealized gain (loss) | (0.97) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.97<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.37) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (4.68) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.39<br>|
| Total from investment operations | (0.30) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.60<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.24<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4.01) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.09<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (0.66) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.62) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.62) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.72) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.74) <br>|
| Net realized gain | —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.03) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.00) (b)<br>|
| Return of capital | (0.03) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.02) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.01) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Total distributions | (0.69) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.62) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.64) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.76) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.74) <br>|
| Net asset value, end of period | $16.38<br>| &nbsp;&nbsp;&nbsp;&nbsp; $17.37<br>| &nbsp;&nbsp;&nbsp;&nbsp; $16.39<br>| &nbsp;&nbsp;&nbsp;&nbsp; $16.79<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.56<br>|
| **Total return** (c) | (1.78)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.97<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.48<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (18.91)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16.37<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $16381<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15635<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12293<br>| &nbsp;&nbsp;&nbsp;&nbsp; $14272<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18328<br>|
| Ratio of total expenses to average net assets (d) | 0.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % <br>|
| Ratio of net expenses to average net assets (d) | 0.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.63<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.69<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Ratio of net investment income (loss) to average net assets (d) | 3.98<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.78<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.73<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.55<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.57<br> % <br>|
| Portfolio turnover rate (e) | 33<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 51<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 27<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 109<br> % (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 17<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Amount
 represents less than $0.01.

&nbsp;&nbsp;&nbsp;&nbsp;(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. The total returns would have been lower during certain
 periods if certain fees had not been waived by the investment advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(f) The
 variation in the portfolio turnover rate is due to the change in the Fund's investment strategy effective April 14, 2022, which
 resulted in a rebalance
 of the Fund's portfolio.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**First Trust Low Duration Strategic Focus ETF (LDSF)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $19.03 | &nbsp;&nbsp;&nbsp;&nbsp; $18.53 | &nbsp;&nbsp;&nbsp;&nbsp; $18.82 | &nbsp;&nbsp;&nbsp;&nbsp; $20.23 | &nbsp;&nbsp;&nbsp;&nbsp; $20.42 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 0.84<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.86<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.72<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.29<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.38<br>|
| Net realized and unrealized gain (loss) | 0.07<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.33) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.29) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.06) <br>|
| Total from investment operations | 0.91<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.35<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.39<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.00) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.32<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (0.86) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.68) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.35) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.51) <br>|
| Return of capital | —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.06) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Total distributions | (0.86) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.68) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.41) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.51) <br>|
| Net asset value, end of period | $19.08<br>| &nbsp;&nbsp;&nbsp;&nbsp; $19.03<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.53<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.82<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.23<br>|
| **Total return** (b) | 4.94<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.46<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.12<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (4.98)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.57<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $128777<br>| &nbsp;&nbsp;&nbsp;&nbsp; $153152<br>| &nbsp;&nbsp;&nbsp;&nbsp; $137106<br>| &nbsp;&nbsp;&nbsp;&nbsp; $210757<br>| &nbsp;&nbsp;&nbsp;&nbsp; $184072<br>|
| Ratio of total expenses to average net assets (c) | 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>|
| Ratio of net investment income (loss) to average net assets (c) | 4.46<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.62<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.53<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.85<br> % <br>|
| Portfolio turnover rate (d) | 34<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 52<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 50<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 54<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**Notes to Financial Statements**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization**

First Trust Exchange-Traded Fund VIII (the "Trust") is an open-end management investment company organized as a Massachusetts business trust on February 22, 2016, 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 three funds (each a "Fund" and collectively, the "Funds"), each a diversified series of the Trust, listed below. The shares of each Fund are listed and traded on Nasdaq, Inc. ("Nasdaq").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

First Trust Income Opportunities ETF – (ticker "FCEF") <br> First Trust Flexible Municipal High Income ETF – (ticker "MFLX") <br> First Trust Low Duration Strategic Focus ETF – (ticker "LDSF")

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."

Each Fund is an actively managed exchange-traded fund. FCEF's primary investment objective seeks to provide current income with a secondary emphasis on total return. MFLX's investment objective seeks to provide current income. LDSF's primary investment objective seeks to generate current income, with a secondary objective of preservation of capital.

Under normal market conditions, FCEF will invest its net assets in a portfolio of closed-end investment companies ("Closed-End Funds") and exchange-traded funds ("ETFs") that are listed and traded in the United States on registered exchanges.

Under normal market conditions, MFLX will invest at least 80% of its net assets (plus any investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes.

Under normal market conditions, LDSF will invest at least 80% of its net assets (including investment borrowings) in a portfolio of U.S.-listed ETFs that principally invest in income-generating securities that provide the Fund with an effective portfolio duration of three years or less. A significant portion of the ETFs in which the Fund invests may be advised by First Trust Advisors L.P. ("First Trust" or the "Advisor"). The Fund may invest in ETFs that invest principally in corporate bonds, floating rate loans and fixed-to floating rate loans, senior loans, mortgage-backed securities, hybrid income securities (including convertible, contingent convertible and preferred securities), government debt and other fixed income securities. The securities to which the Fund may have exposure may be issued by both U.S. and non-U.S. issuers, including both corporate and governmental issuers located in countries considered to be emerging markets. The Fund may also invest up to 40% of its net assets in ETFs that have exposure to U.S. corporate high yield securities (also known as "junk bonds") and senior loans. The Fund may invest up to 20% of its net assets in bonds issued by non-U.S. government and corporate issuers, including up to 10% of its net assets in ETFs holding debt of issuers located in countries considered to be emerging markets. The Fund may also invest up to 10% of its net assets in ETFs holding preferred securities and up to 10% of its net assets in ETFs holding convertible securities.

There can be no assurance that a Fund will achieve its investment objective(s). The Funds may not be appropriate for all investors.

**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. 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.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

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 Advisor's Pricing Committee 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:

Closed-End Funds, ETFs, 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.

Shares of open-end funds are valued based on NAV per share.

Exchange-traded futures contracts are valued at the end of the day settlement price.

Municipal securities and other debt securities are fair valued on the basis of fair valuations provided by a third-party pricing service approved by the Advisor's Pricing Committee, which may use the following valuation inputs when available:

1)

benchmark yields;

2)

reported trades;

3)

broker/dealer quotes;

4)

issuer spreads;

5)

benchmark securities;

6)

bids and offers; and

7)

reference data including market research publications.

Pricing services generally value fixed-income securities assuming orderly transactions of an institutional round lot size, but a Fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots may trade at lower prices than institutional round lots.

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.

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

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

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.

Fair valuation of a debt security will be based on the consideration of all available information, including, but not limited to, the following:

1)

the most recent price provided by a pricing service;

2)

available market prices for the fixed-income security;

3)

the fundamental business data relating to the issuer;

4)

an evaluation of the forces which influence the market in which these securities are purchased and sold;

5)

the type, size and cost of the security;

6)

the financial statements of the issuer;

7)

the credit quality and cash flow of the issuer, based on the Advisor's or external analysis;

8)

the information as to any transactions in or offers for the security;

9)

the price and extent of public trading in similar securities (or equity securities) of the issuer/borrower, or comparable companies;

10)

the coupon payments;

11)

the quality, value and salability of collateral, if any, securing the security; and

12)

other relevant factors.

Fair valuation of an equity security will be based on the consideration of all available information, 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.

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

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 August 31, 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. Interest income, if any, is recorded on the accrual basis. Amortization of premiums and accretion of discounts are recorded using the effective interest method.

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.

MFLX may invest in when-issued or delayed-delivery securities. Securities purchased or sold on a when-issued or delayed-delivery basis may have extended settlement periods. The value of the security so purchased is subject to market fluctuations during this period. MFLX maintains liquid assets with a current value at least equal to the amount of its when-issued or delayed-delivery securities. At August 31, 2025, MFLX held $247,901 of when-issued or delayed-delivery securities.

**C. Futures Contracts**

MFLX may purchase or sell (i.e., is long or short) exchange-listed futures contracts to hedge against changes in interest rates (interest rate risk). Futures contracts are agreements between a Fund and a counterparty to buy or sell a specific quantity of an underlying instrument at a specified price and at a specified date. Depending on the terms of the contract, futures contracts are settled either through physical delivery of the underlying instrument on the settlement date or by payment of a cash settlement amount on the settlement date. Open futures contracts can also be closed out prior to settlement by entering into an offsetting transaction in a matching futures contract. If a Fund is not able to enter into an offsetting transaction, a Fund will continue to be required to maintain margin deposits on the futures contract. When the contract is closed or expires, a Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed or expired. This gain or loss is included in "Net realized gain (loss) on futures contracts" on the Statements of Operations.

Upon entering into a futures contract, a Fund must deposit funds, called margin, with its custodian in the name of the clearing broker equal to a specified percentage of the current value of the contract. Open futures contracts are marked-to-market daily with the change in value recognized as a component of "Net change in unrealized appreciation (depreciation) on futures contracts" on the Statements of Operations. Pursuant to the contracts, a Fund agrees to receive from or pay to the broker an amount of cash equal to the daily fluctuation in value of the contract. Such receipts or payments are known as variation margin and are included in "Variation margin" payable or receivable on the Statements of Assets and Liabilities.

If market conditions change unexpectedly, a Fund may not achieve the anticipated benefits of the futures contract and may realize a loss. The use of futures contracts involves the risk of imperfect correlation in movements in the price of the futures contracts, interest rates and the underlying instruments. MFLX did not hold any futures contracts at August 31, 2025.

**D. Affiliated Transactions**

LDSF invests in securities of affiliated funds. LDSF'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 at August 31, 2025, and for the fiscal year then ended are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Shares at <br>8/31/2025<br>| Value at <br>8/31/2024<br>| Purchases | Sales | Change in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Realized <br>Gain <br>(Loss)<br>| Value at <br>8/31/2025<br>| Dividend <br>Income<br>|
| First Trust Core <br> Investment Grade ETF<br>|  | $— | $4683679 | $(4747564)<br>| $— | $63885 | $— | $83432 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Shares at<br> 8/31/2025<br>| Value at<br> 8/31/2024<br>| Purchases | Sales | Change in<br> Unrealized<br> Appreciation<br> (Depreciation)<br>| Realized<br> Gain<br> (Loss)<br>| Value at<br> 8/31/2025<br>| Dividend<br> Income<br>|
| First Trust Emerging <br> Markets Local Currency <br> Bond ETF<br>| 132794 | $3894478 | $4152634 | $(3985671)<br>| $(113859)<br>| $(85933)<br>| $3861649 | $87335 |
| First Trust Enhanced Short <br> Maturity ETF<br>| 128165 | 11316329 | 6201232 | (9850337)<br>| (32836)<br>| 43977 | 7678365 | 353615 |
| First Trust Institutional <br> Preferred Securities and <br> Income ETF<br>| 168400 |  | 3929437 | (784686)<br>| 75233 | 8244 | 3228228 | 117476 |
| First Trust Intermediate <br> Duration Investment <br> Grade Corporate ETF<br>|  |  | 5469689 | (5252389)<br>|  | (217300)<br>|  | 56903 |
| First Trust Limited <br> Duration Investment <br> Grade Corporate ETF<br>| 2341548 | 53602679 | 16497003 | (25458018)<br>| (144523)<br>| 413749 | 44910890 | 2022302 |
| First Trust Low Duration <br> Opportunities ETF<br>| 908793 | 53634361 | 13371254 | (22568852)<br>| 214020 | 434438 | 45085221 | 1756522 |
| First Trust Senior Loan <br> Fund<br>| 222984 | 7552168 | 12893450 | (10158801)<br>| (4986)<br>| (33486)<br>| 10248345 | 526164 |
| First Trust Tactical High <br> Yield ETF<br>| 321466 | 15370965 | 13264151 | (15282378)<br>| 903052 | (770291)<br>| 13485499 | 824787 |
|  |  | $145370980 | $80462529 | $(98088696)<br>| $896101 | $(142717)<br>| $128498197 | $5828536 |

---

**E. Dividends and Distributions to Shareholders**

Dividends from net investment income of each Fund, if any, are 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 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 August 31, 2025 were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Distributions <br>paid from <br>Ordinary <br>Income<br>| Distributions <br>paid from <br>Capital <br>Gains<br>| Distributions <br>paid from <br>Tax-Exempt <br>Income<br>| Distributions <br>paid from <br>Return of <br>Capital<br>|
| First Trust Income Opportunities ETF | $2781028 | &nbsp;&nbsp; $386072 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| First Trust Flexible Municipal High Income ETF | 895 | &nbsp;&nbsp; — | &nbsp;&nbsp; 581014 | &nbsp;&nbsp; 24718 |
| First Trust Low Duration Strategic Focus ETF | 5724002 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |

---

The tax character of distributions paid by each Fund during the fiscal year ended August 31, 2024 were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Distributions <br>paid from <br>Ordinary <br>Income<br>| Distributions <br>paid from <br>Capital <br>Gains<br>| Distributions <br>paid from <br>Tax-Exempt <br>Income<br>| Distributions <br>paid from <br>Return of <br>Capital<br>|
| First Trust Income Opportunities ETF | $2164949 | &nbsp;&nbsp; $69814 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| First Trust Flexible Municipal High Income ETF | 431 | &nbsp;&nbsp; — | &nbsp;&nbsp; 553220 | &nbsp;&nbsp; — |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Distributions<br> paid from<br> Ordinary<br> Income<br>| Distributions<br> paid from<br> Capital<br> Gains<br>| Distributions<br> paid from<br> Tax-Exempt<br> Income<br>| Distributions<br> paid from<br> Return of<br> Capital<br>|
| First Trust Low Duration Strategic Focus ETF | $5907183 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |

---

As of August 31, 2025, the components of distributable earnings on a tax basis for each Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | Undistributed <br>Ordinary <br>Income<br>| Accumulated <br>Capital and <br>Other <br>Gain (Loss)<br>| Net <br>Unrealized <br>Appreciation <br>(Depreciation)<br>|
| First Trust Income Opportunities ETF | $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $3648418 |
| First Trust Flexible Municipal High Income ETF |  | &nbsp;&nbsp; (3891376)<br>| &nbsp;&nbsp; (145179)<br>|
| First Trust Low Duration Strategic Focus ETF |  | &nbsp;&nbsp; (13312788)<br>| &nbsp;&nbsp; (189566)<br>|

---

**F. Income 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.

In addition, MFLX intends to invest in such Municipal Closed-End Funds to allow it to qualify to pass through "exempt dividends" as defined in the Internal Revenue Code.

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. The taxable years ended 2022, 2023, 2024, and 2025 remain open to federal and state audit. As of August 31, 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 August 31, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | Non-Expiring <br>Capital Loss <br>Carryforwards<br>|
| First Trust Income Opportunities ETF | $— |
| First Trust Flexible Municipal High Income ETF | 3891376 |
| First Trust Low Duration Strategic Focus ETF | 13312788 |

---

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 August 31, 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

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

Funds and in-kind transactions. The results of operations and net assets were not affected by these adjustments. For the fiscal year ended August 31, 2025, the adjustments for each Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | Accumulated <br>Net Investment <br>Income (Loss)<br>| Accumulated <br>Net Realized <br>Gain (Loss) <br>on Investments<br>| Paid-In <br>Capital<br>|
| First Trust Income Opportunities ETF | $1072148 | &nbsp;&nbsp; $(112488)<br>| &nbsp;&nbsp; $(959660)<br>|
| First Trust Flexible Municipal High Income ETF | 3360 | &nbsp;&nbsp; 1247 | &nbsp;&nbsp; (4607)<br>|
| First Trust Low Duration Strategic Focus ETF | 51291 | &nbsp;&nbsp; (848660)<br>| &nbsp;&nbsp; 797369 |

---

As of August 31, 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Tax Cost | Gross <br> Unrealized <br>Appreciation<br>| Gross <br> Unrealized <br>(Depreciation)<br>| Net Unrealized <br>Appreciation <br>(Depreciation)<br>|
| First Trust Income Opportunities ETF | $49999660 | &nbsp;&nbsp; $4434985 | &nbsp;&nbsp; $(786567)<br>| &nbsp;&nbsp; $3648418 |
| First Trust Flexible Municipal High Income ETF | 15409051 | &nbsp;&nbsp; 257783 | &nbsp;&nbsp; (402962)<br>| &nbsp;&nbsp; (145179)<br>|
| First Trust Low Duration Strategic Focus ETF | 128958983 | &nbsp;&nbsp; 1091799 | &nbsp;&nbsp; (1281365)<br>| &nbsp;&nbsp; (189566)<br>|

---

**G. Expenses**

Expenses, other than the investment advisory fee and other excluded expenses, are paid by the Advisor (see Note 3).

**H. 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.

Pursuant to the Investment Management Agreement between the Trust and the Advisor, First Trust manages the investment of each Fund's assets and is responsible for the expenses of each Fund, including the cost of transfer agency, custody, fund administration, legal, audit, license fees and other services, but excluding fee payments under the Investment Management Agreement, interest, taxes, pro rata share of fees and expenses attributable to investments in other investment companies ("acquired fund fees and expenses"), 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, and extraordinary expenses. 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 schedule:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| Breakpoints | FCEF | MFLX |
| Fund net assets up to and including $2.5 billion | 0.85000<br> %<br>| 0.75000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.82875<br> %<br>| 0.73125<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.80750<br> %<br>| 0.71250<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.78625<br> %<br>| 0.69375<br> %<br>|
| Fund net assets greater than $10 billion | 0.76500<br> %<br>| 0.67500<br> %<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Breakpoints | LDSF |
| Fund net assets up to and including $2.5 billion | 0.200<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.195<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.190<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.185<br> %<br>|
| Fund net assets greater than $10 billion up to and including $15 billion | 0.180<br> %<br>|
| Fund net assets greater than $15 billion | 0.170<br> %<br>|

---

In addition, FCEF, MFLX and LDSF incur 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 FCEF, and First Trust, the management fees paid to First Trust will be reduced by the proportional amount of the management fees earned by FCEF 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 FCEF's investment management agreement with First Trust; however, it is expected to remain in place at least until September 30, 2026. First Trust does not have the right to recover the waived fees on assets invested in other investment companies advised by First Trust. During the fiscal year ended August 31, 2025, First Trust did not waive any management fees charged to FCEF.

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 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.

**4. Purchases and Sales of Securities** 

For the fiscal year ended August 31, 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| First Trust Income Opportunities ETF | $19142413 | &nbsp;&nbsp; $6257325 |
| First Trust Flexible Municipal High Income ETF | 5466981 | &nbsp;&nbsp; 4792134 |
| First Trust Low Duration Strategic Focus ETF | 42951839 | &nbsp;&nbsp; 43170249 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

For the fiscal year ended August 31, 2025, the cost of in-kind purchases and proceeds from in-kind sales for each Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| First Trust Income Opportunities ETF | $1059721 | &nbsp;&nbsp; $1049991 |
| First Trust Flexible Municipal High Income ETF |  | &nbsp;&nbsp; — |
| First Trust Low Duration Strategic Focus ETF | 37674612 | &nbsp;&nbsp; 62624216 |

---

**5. Derivative Transactions** 

The following table presents the amount of net realized gain (loss) and change in net unrealized appreciation (depreciation) recognized for the fiscal year ended August 31, 2025, on MFLX's derivative instruments, as well as the primary underlying risk exposure associated with the instruments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Statements of Operations Location** |  |
| **Interest Rate Risk Exposure** |  |
| Net realized gain (loss) on futures contracts | $(13962)<br>|

---

The average notional value of futures contracts outstanding during the fiscal year ended August 31, 2025, which is indicative of the volume of this derivative type, was $0.

MFLX does not have the right to offset financial assets and financial liabilities related to futures contracts on the Statements of Assets and Liabilities.

**6. 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 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.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**7. 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 December 31, 2026.

**8. 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.

**9. 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.

------

**Report of Independent Registered Public Accounting Firm**

**To the Shareholders and the Board of Trustees of First Trust Exchange-Traded Fund VIII:**

**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 Income Opportunities ETF, First Trust Flexible Municipal High Income ETF, and First Trust Low Duration Strategic Focus ETF (the "Funds"), each a series of the First Trust Exchange-Traded Fund VIII, as of August 31, 2025, the related statements of operations for the year then ended, statements of changes in net assets for each of the two years in the period then ended, financial highlights for each of the five years in the period then ended, 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 Funds as of August 31, 2025, and the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended 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 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 August 31, 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

October 21, 2025

We have served as the auditor of one or more First Trust investment companies since 2001.

------

**Other Information**

**First Trust Exchange-Traded Fund VIII**

**August 31, 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 August 31, 2025.

**Proxy Disclosures (Item 9 of Form N-CSR)**

At a special meeting of shareholders of First Trust Exchange-Traded Fund VIII (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| James A. Bowen\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931952816 <br>5974259<br>|
| Thomas J. Driscoll\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931990349 <br>5936726<br>|
| Richard E. Erickson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931309705 <br>6617370<br>|
| Thomas R. Kadlec\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931262372 <br>6664703<br>|
| Denise M. Keefe\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932234496 <br>5692579<br>|
| Robert F. Keith\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931417790 <br>6509285<br>|
| Niel B. Nielson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931068296 <br>6858779<br>|
| Bronwyn Wright\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841558465 <br>96368610<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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.

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 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 VIII (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 Income Opportunities ETF (FCEF)

First Trust Flexible Municipal High Income ETF (MFLX)

First Trust Low Duration Strategic Focus ETF (LDSF)

The Board approved the continuation of the applicable 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 applicable 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 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.

In reviewing the applicable Agreement for each Fund, the Board considered the nature, extent and quality of the services provided by the Advisor under the applicable 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. The Board noted that each Fund is an actively-managed ETF. For LDSF, the Board noted that the Advisor's Investment Committee is responsible for the day-to-day management of the Fund's investments. The Board considered the background and experience of the members of the Investment Committee. For FCEF and MFLX, the Board noted that the Advisor's CEF Management Team is responsible for the day-to-day management of FCEF's investments and the Advisor's Municipal Securities Team is responsible for the day-to-day management of MFLX's investments, with a sleeve managed by the CEF Management Team. The Board considered the background and experience of the members of the CEF Management Team and the Municipal Securities Team and noted the Board's prior meetings with members of the CEF Management Team and the Municipal Securities Team. The Board considered the Advisor's statement that it applies the same oversight model internally with its CEF Management Team and Municipal Securities Team as it uses for overseeing external sub-advisors, including portfolio risk monitoring and performance review. In reviewing the services provided, the Board noted the compliance program that

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

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(s), 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(s), 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 noted that, because each Fund invests in underlying funds, including, for LDSF, ETFs in the First Trust Fund Complex, the Fund incurs 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 funds. The Board considered that, to the extent FCEF invests in underlying funds that are other funds in the First Trust Fund Complex, the Advisor has agreed to offset the unitary fee paid by FCEF related to FCEF's assets invested in the affiliated underlying funds. 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 MFLX was above the median total (net) expense ratio of the peer funds in its Expense Group. The Board noted that the total (net) expense ratio (excluding acquired fund fees and expenses) for FCEF was equal to the median total (net) expense ratio (excluding acquired fund fees and expenses) of the peer funds in its Expense Group. The Board also noted that the total (net) expense ratio (including acquired fund fees and expenses) for FCEF was above the median total (net) expense ratio (including acquired fund fees and expenses) of the peer funds in its Expense Group. The Board noted that the total (net) expense ratio (excluding acquired fund fees and expenses) for LDSF was below the median total (net) expense ratio (excluding acquired fund fees and expenses) of the peer funds in its Expense Group. The Board also noted that the total (net) expense ratio (including acquired fund fees and expenses) for LDSF was equal to the median total (net) expense ratio (including acquired fund fees and expenses) of the peer funds in its Expense Group. With respect to the Expense Groups, the Board discussed with the Advisor limitations in creating peer groups for actively-managed ETFs, including that the Expense Group for FCEF contained both actively-managed ETFs and open-end mutual funds, 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 information comparing each Fund's performance for periods ended December 31, 2024 to the performance of the funds in its Performance Universe and to that of a benchmark index. With respect to MFLX, the Board noted that on April 14, 2022, the Fund's investment strategy changed from a fund-of-funds investment strategy primarily invested in municipal closed-end funds to an investment strategy primarily invested directly in municipal debt securities. With respect to FCEF, the Board noted that on April 8, 2022, the Fund's investment strategy changed to allow the Fund to invest in ETFs in addition to closed-end funds. Based on the information provided, the Board noted that MFLX underperformed its Performance Universe median for the one-, three- and five-year periods ended December 31, 2024, outperformed its benchmark index for the one- and five-year periods ended December 31, 2024 and underperformed its benchmark index for the three-year period ended December 31, 2024. The Board noted that FCEF outperformed its Performance Universe median for the one-year period ended December 31, 2024, underperformed its Performance Universe median for the three- and five-year periods ended December 31, 2024 and underperformed its benchmark index for the one- three- and five-year periods ended December 31, 2024. The Board noted that LDSF underperformed its Performance Universe median

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

for the one-, three- and five-year periods ended December 31, 2024 and outperformed its benchmark index for the one-, three- and five-year periods ended December 31, 2024. The Board noted the Advisor's discussion of LDSF's performance at the April 22, 2025 meeting.

On the basis of all the information provided on the unitary fee and performance 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 for the twelve months ended 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 same period. 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 LDSF invests, will recognize additional revenue from the underlying ETFs if investment by LDSF 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.

**Federal Tax Information**

For the taxable year ended August 31, 2025, the following percentages of income dividends paid by the Funds qualify for the dividends received deduction available to corporations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | Dividends Received <br>Deduction<br>|
| First Trust Income Opportunities ETF | <br> \*<br>|
| First Trust Flexible Municipal High Income ETF | <br> \*<br>|
| First Trust Low Duration Strategic Focus ETF | 0.00<br> %<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* The actual percentage of income dividends that qualify for the dividends received deduction will be available to corporate shareholders shortly after the calendar year end. 

For the taxable year ended August 31, 2025, the following percentages of income dividends paid by the Funds are hereby designated as qualified dividend income:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Qualified Dividend Income <br> First Trust Income Opportunities ETF \*\* <br> First Trust Flexible Municipal High Income ETF \*\*

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

---

| | |
|:---|:---|
|  | Qualified Dividend<br> Income<br>|
| First Trust Low Duration Strategic Focus ETF | 0.00<br> %<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\*\* The actual qualified dividend income distributions will be reported to shareholders on Form 1099-DIV which will be sent to shareholders shortly after the 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 August 31, 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.

For the taxable year ended August 31, 2025, the following distribution information is being provided as required by the Code, or to meet a specific state's requirement. The First Trust Flexible Municipal High Income ETF designates the following percentages or, if subsequently determined to be different, the maximum amount allowable for its fiscal year ended August 31, 2025:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Federal and State Income Tax | Percentages |
| Tax-Exempt Interest Dividends | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99.85<br> %<br>|
| Alternative Minimum Tax (AMT) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.03<br> %<br>|

---

For the fiscal year ended August 31, 2025, the amount of long-term capital gain distributions designated by First Trust Income Opportunities ETF was $386,072, which is taxable at the applicable capital gain tax rates for federal income tax purposes.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Annual Financial Statements and Other Information <br> For the Year Ended August 31, 2025

![](img370a32091.gif)

<u>First Trust Exchange-Traded Fund VIII</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| First Trust Active Factor Large Cap ETF (AFLG) |
| First Trust Active Factor Mid Cap ETF (AFMC) |
| First Trust Active Factor Small Cap ETF (AFSM) |
| First Trust Innovation Leaders ETF (ILDR) |
| First Trust Expanded Technology ETF (XPND) |
| First Trust Multi-Strategy Alternative ETF (LALT) |

---

------

**Table of Contents** 

**First Trust Exchange-Traded Fund VIII**

**Annual Financial Statements and Other Information**

**August 31, 2025** 

---

| | |
|:---|:---|
| [Portfolio of Investments](#xx_e48d73a1-b880-4786-9c4d-f0ab536e2db0_SOI-TOC-ScheduleofInvestments-4278_1) |  |
| [First Trust Active Factor Large Cap ETF (AFLG)](#xx_e48d73a1-b880-4786-9c4d-f0ab536e2db0_SOI-TOC-ScheduleofInvestments-4278_1) | 1 |
| [First Trust Active Factor Mid Cap ETF (AFMC)](#xx_e48d73a1-b880-4786-9c4d-f0ab536e2db0_SOI-TOC-ScheduleofInvestments-4277_1) | 6 |
| [First Trust Active Factor Small Cap ETF (AFSM)](#xx_e48d73a1-b880-4786-9c4d-f0ab536e2db0_SOI-TOC-ScheduleofInvestments-4276_1) | 11 |
| [First Trust Innovation Leaders ETF (ILDR)](#xx_e48d73a1-b880-4786-9c4d-f0ab536e2db0_SOI-TOC-ScheduleofInvestments-4308_1) | 17 |
| [First Trust Expanded Technology ETF (XPND)](#xx_e48d73a1-b880-4786-9c4d-f0ab536e2db0_SOI-TOC-ScheduleofInvestments-4311_1) | 19 |
| [First Trust Multi-Strategy Alternative ETF (LALT)](#xx_e48d73a1-b880-4786-9c4d-f0ab536e2db0_SOI-TOC-ScheduleofInvestments-4403_1) | 21 |
| [Statements of Assets and Liabilities](#xx_e48d73a1-b880-4786-9c4d-f0ab536e2db0_SAL1-TOC-StatementofAssetsandLiabilities-4308_1) | 22 |
| [Statements of Operations](#xx_e48d73a1-b880-4786-9c4d-f0ab536e2db0_SOP1-TOC-StatementofOperations-4403_1) | 24 |
| [Statements of Changes in Net Assets](#xx_e48d73a1-b880-4786-9c4d-f0ab536e2db0_SOC1-TOC-StatementofChanges-4308_1) | 26 |
| [Financial Highlights](#xx_e48d73a1-b880-4786-9c4d-f0ab536e2db0_FIHI-TOC-FinancialHighlights-4308_1) | 29 |
| [Notes to Financial Statements](#xx_e48d73a1-b880-4786-9c4d-f0ab536e2db0_NTF-TOC-NotestoFinancialStatements-4403_1) | 35 |
| [Report of Independent Registered Public Accounting Firm](#xx_e48d73a1-b880-4786-9c4d-f0ab536e2db0_AUD-TOC-RIRPAFirm-4308_1) | 44 |
| [Other Information](#xx_e48d73a1-b880-4786-9c4d-f0ab536e2db0_AI-TOC-AdditionalInformation-4403_1) | 45 |

---

**Performance and Risk Disclosure**

There is no assurance that any series of First Trust Exchange-Traded Fund VIII (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(s). 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 Active Factor Large Cap ETF (AFLG)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** |
|  | **Aerospace & Defense — 1.2%**  |  |
| 483 | Curtiss-Wright Corp. | $230946 |
| 4735 | General Electric Co. | 1303072 |
| 15489 | Howmet Aerospace, Inc. | 2696635 |
| 393 | Lockheed Martin Corp. | 179063 |
| 4192 | Textron, Inc. | 336031 |
|  |  | 4745747 |
|  | **Air Freight & Logistics —** <br> **0.9%**  |  |
| 2896 | Expeditors International of <br> Washington, Inc. | 349084 |
| 7451 | FedEx Corp. | 1721703 |
| 17221 | United Parcel Service, Inc., <br> Class B | 1505804 |
|  |  | 3576591 |
|  | **Automobile Components —** <br> **0.3%**  |  |
| 3533 | Aptiv PLC (a) | 280979 |
| 19560 | BorgWarner, Inc. | 836386 |
|  |  | 1117365 |
|  | **Automobiles — 0.6%**  |  |
| 17963 | General Motors Co. | 1052452 |
| 3427 | Tesla, Inc. (a) | 1144173 |
|  |  | 2196625 |
|  | **Banks — 0.6%**  |  |
| 7645 | Citizens Financial Group, Inc. | 399680 |
| 862 | M&T Bank Corp. | 173831 |
| 21648 | Regions Financial Corp. | 592939 |
| 16801 | Wells Fargo & Co. | 1380706 |
|  |  | 2547156 |
|  | **Beverages — 0.1%**  |  |
| 4246 | Molson Coors Beverage Co., <br> Class B | 214381 |
| 3588 | Monster Beverage Corp. (a) | 223927 |
|  |  | 438308 |
|  | **Biotechnology — 2.1%**  |  |
| 9155 | AbbVie, Inc. | 1926212 |
| 870 | Alnylam Pharmaceuticals, <br> Inc. (a) | 388464 |
| 11880 | Biogen, Inc. (a) | 1570774 |
| 29327 | Gilead Sciences, Inc. | 3313071 |
| 3217 | Incyte Corp. (a) | 272190 |
| 2964 | United Therapeutics Corp. (a) | 903309 |
|  |  | 8374020 |
|  | **Broadline Retail — 2.5%**  |  |
| 37116 | Amazon.com, Inc. (a) | 8499564 |
| 2888 | eBay, Inc. | 261682 |
| 20550 | Etsy, Inc. (a) | 1089355 |
|  |  | 9850601 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Building Products — 1.9%**  |  |
| 24808 | A.O. Smith Corp. | $1768562 |
| 3609 | Allegion PLC | 612808 |
| 9196 | Builders FirstSource, Inc. (a) | 1275301 |
| 848 | Carlisle Cos., Inc. | 327235 |
| 4476 | Johnson Controls <br> International PLC | 478440 |
| 24187 | Masco Corp. | 1775084 |
| 3201 | Trane Technologies PLC | 1330336 |
|  |  | 7567766 |
|  | **Capital Markets — 3.5%**  |  |
| 31168 | Bank of New York Mellon (The) <br> Corp. | 3291341 |
| 5126 | Cboe Global Markets, Inc. | 1209480 |
| 9516 | CME Group, Inc. | 2536109 |
| 24532 | Franklin Resources, Inc. | 629491 |
| 7689 | Intercontinental Exchange, Inc. | 1357877 |
| 64496 | Invesco Ltd. | 1411818 |
| 412 | Moody's Corp. | 210021 |
| 614 | S&P Global, Inc. | 336742 |
| 16356 | T. Rowe Price Group, Inc. | 1760233 |
| 8300 | Tradeweb Markets, Inc., Class A | 1023888 |
|  |  | 13767000 |
|  | **Chemicals — 1.9%**  |  |
| 13434 | CF Industries Holdings, Inc. | 1163787 |
| 17316 | Corteva, Inc. | 1284674 |
| 7405 | Ecolab, Inc. | 2051481 |
| 14706 | LyondellBasell Industries N.V., <br> Class A | 828683 |
| 14798 | PPG Industries, Inc. | 1645982 |
| 1516 | RPM International, Inc. | 189970 |
| 1502 | Sherwin-Williams (The) Co. | 549477 |
|  |  | 7714054 |
|  | **Commercial Services &** <br> **Supplies — 0.6%**  |  |
| 10159 | Cintas Corp. | 2133695 |
| 7641 | Rollins, Inc. | 432022 |
|  |  | 2565717 |
|  | **Communications Equipment** <br> **— 3.0%**  |  |
| 4628 | Arista Networks, Inc. (a) | 631953 |
| 80197 | Cisco Systems, Inc. | 5540811 |
| 11061 | F5, Inc. (a) | 3463642 |
| 1761 | Motorola Solutions, Inc. | 832002 |
| 2760 | Ubiquiti, Inc. | 1457639 |
|  |  | 11926047 |
|  | **Construction & Engineering** <br> **— 0.9%**  |  |
| 457 | Comfort Systems USA, Inc. | 321445 |
| 5461 | EMCOR Group, Inc. | 3385820 |
|  |  | 3707265 |

---

See Notes to Financial Statements

------

**First Trust Active Factor Large Cap ETF (AFLG)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Consumer Finance — 0.5%**  |  |
| 25372 | Synchrony Financial | $1936898 |
|  | **Consumer Staples Distribution** <br> **& Retail — 2.5%**  |  |
| 8230 | BJ's Wholesale Club Holdings, <br> Inc. (a) | 803907 |
| 31654 | Kroger (The) Co. | 2147407 |
| 6621 | Sprouts Farmers Market, Inc. (a) | 930515 |
| 11400 | Sysco Corp. | 917358 |
| 15035 | Target Corp. | 1443059 |
| 5917 | US Foods Holding Corp. (a) | 459159 |
| 33758 | Walmart, Inc. | 3273851 |
|  |  | 9975256 |
|  | **Distributors — 0.2%**  |  |
| 27202 | LKQ Corp. | 887329 |
|  | **Diversified REITs — 0.3%**  |  |
| 18256 | WP Carey, Inc. | 1224978 |
|  | **Diversified Telecommunication** <br> **Services — 0.6%**  |  |
| 53202 | Verizon Communications, Inc. | 2353124 |
|  | **Electric Utilities — 3.2%**  |  |
| 5879 | Constellation Energy Corp. | 1810614 |
| 27791 | Edison International | 1559909 |
| 30142 | Evergy, Inc. | 2147919 |
| 43496 | FirstEnergy Corp. | 1897296 |
| 26141 | NRG Energy, Inc. | 3805084 |
| 40282 | PPL Corp. | 1469085 |
| 2085 | Southern (The) Co. | 192445 |
|  |  | 12882352 |
|  | **Electrical Equipment — 0.7%**  |  |
| 2189 | Eaton Corp. PLC | 764267 |
| 614 | GE Vernova, Inc. | 376364 |
| 6210 | Generac Holdings, Inc. (a) | 1150402 |
| 685 | Rockwell Automation, Inc. | 235250 |
| 2097 | Vertiv Holdings Co., Class A | 267472 |
|  |  | 2793755 |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 1.6%**  |  |
| 25093 | Amphenol Corp., Class A | 2731624 |
| 5294 | CDW Corp. | 872239 |
| 6274 | Jabil, Inc. | 1285103 |
| 716 | Ralliant Corp. (a) | 29936 |
| 7061 | TE Connectivity PLC | 1458097 |
|  |  | 6376999 |
|  | **Energy Equipment & Services** <br> **— 0.2%**  |  |
| 4213 | Baker Hughes Co. | 191270 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Energy Equipment & Services** <br> **(Continued)**  |  |
| 13309 | Halliburton Co. | $302514 |
| 4505 | Schlumberger N.V. | 165964 |
|  |  | 659748 |
|  | **Entertainment — 1.7%**  |  |
| 13088 | Electronic Arts, Inc. | 2250482 |
| 1556 | Live Nation Entertainment, <br> Inc. (a) | 259058 |
| 3628 | Netflix, Inc. (a) | 4383531 |
|  |  | 6893071 |
|  | **Financial Services — 3.9%**  |  |
| 5250 | Berkshire Hathaway, Inc., <br> Class B (a) | 2640645 |
| 11092 | Fidelity National Information <br> Services, Inc. | 774333 |
| 11854 | Fiserv, Inc. (a) | 1637986 |
| 18590 | Global Payments, Inc. | 1651164 |
| 1261 | Jack Henry & Associates, Inc. | 205871 |
| 5245 | Mastercard, Inc., Class A | 3122296 |
| 11375 | Visa, Inc., Class A | 4001497 |
| 170020 | Western Union (The) Co. | 1474073 |
|  |  | 15507865 |
|  | **Food Products — 0.2%**  |  |
| 3571 | Archer-Daniels-Midland Co. | 223687 |
| 1981 | Bunge Global S.A. | 166840 |
| 6577 | Conagra Brands, Inc. | 125818 |
| 2757 | General Mills, Inc. | 136003 |
| 5740 | Kraft Heinz (The) Co. | 160548 |
|  |  | 812896 |
|  | **Health Care Equipment &** <br> **Supplies — 1.7%**  |  |
| 21837 | Abbott Laboratories | 2896896 |
| 27966 | Boston Scientific Corp. (a) | 2950413 |
| 2336 | Hologic, Inc. (a) | 156792 |
| 429 | IDEXX Laboratories, Inc. (a) | 277602 |
| 1852 | ResMed, Inc. | 508393 |
| 1683 | Zimmer Biomet Holdings, Inc. | 178566 |
|  |  | 6968662 |
|  | **Health Care Providers &** <br> **Services — 3.3%**  |  |
| 10456 | Cardinal Health, Inc. | 1555644 |
| 7388 | Cencora, Inc. | 2154415 |
| 19913 | Centene Corp. (a) | 578273 |
| 1022 | Cigna Group (The) | 307489 |
| 3005 | CVS Health Corp. | 219816 |
| 5161 | Elevance Health, Inc. | 1644553 |
| 2981 | HCA Healthcare, Inc. | 1204205 |
| 12293 | Henry Schein, Inc. (a) | 855347 |
| 2958 | Humana, Inc. | 898226 |
| 2120 | McKesson Corp. | 1455677 |

---

See Notes to Financial Statements

------

**First Trust Active Factor Large Cap ETF (AFLG)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Health Care Providers &** <br> **Services (Continued)**  |  |
| 560 | Molina Healthcare, Inc. (a) | $101265 |
| 1449 | UnitedHealth Group, Inc. | 449001 |
| 9340 | Universal Health Services, Inc., <br> Class B | 1695957 |
|  |  | 13119868 |
|  | **Health Care REITs — 1.1%**  |  |
| 2176 | Alexandria Real Estate Equities, <br> Inc. | 179389 |
| 14203 | Ventas, Inc. | 966940 |
| 18477 | Welltower, Inc. | 3109310 |
|  |  | 4255639 |
|  | **Health Care Technology —** <br> **0.1%**  |  |
| 806 | Veeva Systems, Inc., Class A (a) | 216975 |
|  | **Hotel & Resort REITs — 0.4%**  |  |
| 100725 | Host Hotels & Resorts, Inc. | 1733477 |
|  | **Hotels, Restaurants & Leisure** <br> **— 1.3%**  |  |
| 375 | Booking Holdings, Inc. | 2099644 |
| 2285 | DoorDash, Inc., Class A (a) | 560396 |
| 6064 | Expedia Group, Inc. | 1302547 |
| 3829 | Hilton Worldwide Holdings, Inc. | 1057034 |
|  |  | 5019621 |
|  | **Household Durables — 1.3%**  |  |
| 3475 | D.R. Horton, Inc. | 588943 |
| 5514 | Garmin Ltd. | 1333395 |
| 3616 | Lennar Corp., Class A | 481434 |
| 14975 | PulteGroup, Inc. | 1977000 |
| 5239 | Toll Brothers, Inc. | 728221 |
|  |  | 5108993 |
|  | **Household Products — 0.2%**  |  |
| 8951 | Colgate-Palmolive Co. | 752510 |
| 1698 | Kimberly-Clark Corp. | 219280 |
|  |  | 971790 |
|  | **Independent Power and** <br> **Renewable Electricity** <br>**Producers — 0.5%**  |  |
| 11494 | Vistra Corp. | 2173630 |
|  | **Industrial Conglomerates —** <br> **0.4%**  |  |
| 9064 | 3M Co. | 1409724 |
|  | **Insurance — 4.4%**  |  |
| 10674 | Aflac, Inc. | 1140624 |
| 3404 | Allstate (The) Corp. | 692544 |
| 6940 | American International Group, <br> Inc. | 564361 |
| 9500 | Arch Capital Group Ltd. | 869535 |
| 10217 | Brown & Brown, Inc. | 990538 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Insurance (Continued)**  |  |
| 18039 | CNA Financial Corp. | $893832 |
| 3248 | Everest Group Ltd. | 1110426 |
| 12705 | Globe Life, Inc. | 1778065 |
| 16749 | Hartford Insurance Group (The), <br> Inc. | 2216060 |
| 12857 | Loews Corp. | 1244558 |
| 4157 | MetLife, Inc. | 338213 |
| 4219 | Principal Financial Group, Inc. | 339672 |
| 10232 | Progressive (The) Corp. | 2527918 |
| 23323 | Unum Group | 1629345 |
| 16383 | W.R. Berkley Corp. | 1174497 |
| 574 | Willis Towers Watson PLC | 187577 |
|  |  | 17697765 |
|  | **Interactive Media & Services** <br> **— 5.6%**  |  |
| 42396 | Alphabet, Inc., Class A | 9026532 |
| 48042 | Match Group, Inc. | 1793888 |
| 14215 | Meta Platforms, Inc., Class A | 10500621 |
| 22269 | Pinterest, Inc., Class A (a) | 815714 |
|  |  | 22136755 |
|  | **IT Services — 2.8%**  |  |
| 996 | Accenture PLC, Class A | 258930 |
| 10465 | Akamai Technologies, Inc. (a) | 828095 |
| 37385 | Cognizant Technology Solutions <br> Corp., Class A | 2701066 |
| 58332 | DXC Technology Co. (a) | 842897 |
| 3038 | EPAM Systems, Inc. (a) | 535782 |
| 1054 | GoDaddy, Inc., Class A (a) | 156319 |
| 6132 | International Business Machines <br> Corp. | 1493081 |
| 1215 | Snowflake, Inc. (a) | 289972 |
| 3827 | Twilio, Inc., Class A (a) | 404170 |
| 13112 | VeriSign, Inc. | 3584427 |
|  |  | 11094739 |
|  | **Machinery — 0.8%**  |  |
| 2192 | Fortive Corp. | 104909 |
| 5148 | PACCAR, Inc. | 514697 |
| 5119 | Snap-on, Inc. | 1664904 |
| 5505 | Westinghouse Air Brake <br> Technologies Corp. | 1065217 |
|  |  | 3349727 |
|  | **Media — 1.5%**  |  |
| 56251 | Comcast Corp., Class A | 1910847 |
| 61269 | Fox Corp., Class A | 3657759 |
| 7457 | Omnicom Group, Inc. | 584107 |
|  |  | 6152713 |
|  | **Metals & Mining — 0.9%**  |  |
| 21349 | Newmont Corp. | 1588365 |

---

See Notes to Financial Statements

------

**First Trust Active Factor Large Cap ETF (AFLG)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Metals & Mining (Continued)**  |  |
| 5477 | Reliance, Inc. | $1619330 |
| 1976 | Southern Copper Corp. | 189874 |
|  |  | 3397569 |
|  | **Multi-Utilities — 1.0%**  |  |
| 19918 | Consolidated Edison, Inc. | 1956545 |
| 1679 | DTE Energy Co. | 229435 |
| 23706 | NiSource, Inc. | 1002053 |
| 8851 | Public Service Enterprise Group, <br> Inc. | 728703 |
| 1698 | WEC Energy Group, Inc. | 180854 |
|  |  | 4097590 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 2.2%**  |  |
| 28343 | APA Corp. | 658124 |
| 2973 | Chevron Corp. | 477464 |
| 10831 | ConocoPhillips | 1071944 |
| 32170 | Coterra Energy, Inc. | 786235 |
| 24997 | Devon Energy Corp. | 902392 |
| 17176 | EOG Resources, Inc. | 2143908 |
| 9768 | Exxon Mobil Corp. | 1116385 |
| 4473 | HF Sinclair Corp. | 227586 |
| 37151 | Kinder Morgan, Inc. | 1002334 |
| 1328 | Valero Energy Corp. | 201869 |
|  |  | 8588241 |
|  | **Pharmaceuticals — 1.5%**  |  |
| 24961 | Bristol-Myers Squibb Co. | 1177660 |
| 1467 | Johnson & Johnson | 259909 |
| 27053 | Merck & Co., Inc. | 2275698 |
| 100129 | Organon & Co. | 943215 |
| 41897 | Pfizer, Inc. | 1037370 |
| 17758 | Viatris, Inc. | 187347 |
|  |  | 5881199 |
|  | **Professional Services — 1.0%**  |  |
| 2540 | Jacobs Solutions, Inc. | 371424 |
| 6777 | Leidos Holdings, Inc. | 1226095 |
| 1460 | Paychex, Inc. | 203604 |
| 17939 | Robert Half, Inc. | 669484 |
| 2087 | SS&C Technologies Holdings, <br> Inc. | 185034 |
| 16108 | UL Solutions, Inc., Class A | 1017542 |
| 708 | Verisk Analytics, Inc. | 189829 |
|  |  | 3863012 |
|  | **Real Estate Management &** <br> **Development — 0.3%**  |  |
| 6514 | CBRE Group, Inc., Class A (a) | 1056050 |
|  | **Residential REITs — 0.3%**  |  |
| 4874 | Camden Property Trust | 545791 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Residential REITs (Continued)**  |  |
| 4672 | Mid-America Apartment <br> Communities, Inc. | $681271 |
| 4186 | UDR, Inc. | 165640 |
|  |  | 1392702 |
|  | **Retail REITs — 0.5%**  |  |
| 5587 | Regency Centers Corp. | 405057 |
| 8959 | Simon Property Group, Inc. | 1618533 |
|  |  | 2023590 |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 10.0%**  |  |
| 9711 | Applied Materials, Inc. | 1561140 |
| 16025 | Broadcom, Inc. | 4765675 |
| 3567 | Enphase Energy, Inc. (a) | 134476 |
| 1214 | KLA Corp. | 1058608 |
| 17838 | Lam Research Corp. | 1786476 |
| 146106 | NVIDIA Corp. | 25448743 |
| 3616 | NXP Semiconductors N.V. | 849218 |
| 9956 | ON Semiconductor Corp. (a) | 493718 |
| 8980 | Qorvo, Inc. (a) | 814486 |
| 12103 | QUALCOMM, Inc. | 1945315 |
| 15874 | Skyworks Solutions, Inc. | 1189597 |
|  |  | 40047452 |
|  | **Software — 7.9%**  |  |
| 3423 | Adobe, Inc. (a) | 1220984 |
| 3131 | AppLovin Corp., Class A (a) | 1498465 |
| 777 | Autodesk, Inc. (a) | 244522 |
| 6954 | Docusign, Inc. (a) | 533093 |
| 803 | Fair Isaac Corp. (a) | 1221877 |
| 5644 | Gen Digital, Inc. | 170449 |
| 4481 | Guidewire Software, Inc. (a) | 972466 |
| 2103 | Intuit, Inc. | 1402701 |
| 39836 | Microsoft Corp. | 20184503 |
| 8342 | Palantir Technologies, Inc., <br> Class A (a) | 1307275 |
| 4455 | Salesforce, Inc. | 1141594 |
| 20785 | Zoom Communications, Inc. (a) | 1692315 |
|  |  | 31590244 |
|  | **Specialized REITs — 1.1%**  |  |
| 1055 | American Tower Corp. | 215062 |
| 34190 | Gaming and Leisure Properties, <br> Inc. | 1641462 |
| 2901 | Public Storage | 854605 |
| 47900 | VICI Properties, Inc. | 1618062 |
|  |  | 4329191 |
|  | **Specialty Retail — 2.4%**  |  |
| 195 | AutoZone, Inc. (a) | 818713 |
| 35782 | Bath & Body Works, Inc. | 1045192 |
| 19090 | Best Buy Co., Inc. | 1405788 |
| 1885 | Carvana Co. (a) | 701069 |

---

See Notes to Financial Statements

------

**First Trust Active Factor Large Cap ETF (AFLG)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Specialty Retail (Continued)**  |  |
| 5329 | Chewy, Inc., Class A (a) | $218276 |
| 9540 | O'Reilly Automotive, Inc. (a) | 989107 |
| 18469 | TJX (The) Cos., Inc. | 2523050 |
| 2335 | Ulta Beauty, Inc. (a) | 1150525 |
| 18057 | Victoria's Secret & Co. (a) | 415672 |
| 1037 | Williams-Sonoma, Inc. | 195153 |
|  |  | 9462545 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 5.9%**  |  |
| 86067 | Apple, Inc. | 19979593 |
| 59210 | HP, Inc. | 1689853 |
| 15473 | NetApp, Inc. | 1745200 |
|  |  | 23414646 |
|  | **Textiles, Apparel & Luxury** <br> **Goods — 0.8%**  |  |
| 5099 | Deckers Outdoor Corp. (a) | 609994 |
| 4957 | Ralph Lauren Corp. | 1471882 |
| 10860 | Tapestry, Inc. | 1105765 |
|  |  | 3187641 |
|  | **Tobacco — 2.2%**  |  |
| 76880 | Altria Group, Inc. | 5167105 |
| 22307 | Philip Morris International, Inc. | 3728169 |
|  |  | 8895274 |
|  | **Trading Companies &** <br> **Distributors — 0.4%**  |  |
| 5292 | Fastenal Co. | 262801 |
| 2316 | Ferguson Enterprises, Inc. | 535343 |
| 209 | W.W. Grainger, Inc. | 211822 |
| 1296 | Watsco, Inc. | 521484 |
|  |  | 1531450 |
|  | **Wireless Telecommunication** <br> **Services — 0.3%**  |  |
| 5529 | T-Mobile US, Inc. | 1393253 |
|  | **Total Common Stocks** | 397960260 |
|  | (Cost $365,972,291) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| 492594 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 4.13% (b) | 492594 |
|  | (Cost $492,594) |  |
|  | **Total Investments — 99.9%** | 398452854 |
|  | (Cost $366,464,885) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.1%** | 224922 |
|  | **Net Assets — 100.0%** | $398677776 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Rate
 shown reflects yield as of August 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations throughout the Portfolio of Investments: <br> REITs – Real Estate Investment Trusts

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $397960260 | $397960260 | $— | $— |
| Money Market Funds | 492594 | 492594 |  |  |
| Total Investments | $398452854 | $398452854 | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**First Trust Active Factor Mid Cap ETF (AFMC)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.7%** | **COMMON STOCKS — 99.7%** | **COMMON STOCKS — 99.7%** |
|  | **Aerospace & Defense — 1.8%**  |  |
| 1558 | Curtiss-Wright Corp. | $744958 |
| 5360 | Leonardo DRS, Inc. | 223297 |
| 1911 | Woodward, Inc. | 471673 |
|  |  | 1439928 |
|  | **Air Freight & Logistics —** <br> **0.2%**  |  |
| 1571 | C.H. Robinson Worldwide, Inc. | 202188 |
|  | **Automobile Components —** <br> **1.4%**  |  |
| 2069 | Adient PLC (a) | 51311 |
| 2644 | Autoliv, Inc. | 328041 |
| 11660 | BorgWarner, Inc. | 498582 |
| 2780 | Lear Corp. | 305800 |
|  |  | 1183734 |
|  | **Banks — 4.8%**  |  |
| 9891 | Bank OZK | 518981 |
| 8294 | Cathay General Bancorp | 413954 |
| 16256 | Columbia Banking System, Inc. | 435173 |
| 4374 | Commerce Bancshares, Inc. | 270926 |
| 48151 | First Horizon Corp. | 1088213 |
| 6847 | Hancock Whitney Corp. | 430813 |
| 4427 | Home BancShares, Inc. | 131747 |
| 2611 | International Bancshares Corp. | 186791 |
| 1719 | Popular, Inc. | 215975 |
| 4601 | Webster Financial Corp. | 286274 |
|  |  | 3978847 |
|  | **Beverages — 0.6%**  |  |
| 1518 | Coca-Cola Consolidated, Inc. | 177970 |
| 6996 | Molson Coors Beverage Co., <br> Class B | 353228 |
|  |  | 531198 |
|  | **Biotechnology — 4.1%**  |  |
| 6077 | ADMA Biologics, Inc. (a) | 104889 |
| 1482 | BioMarin Pharmaceutical, <br> Inc. (a) | 86356 |
| 28422 | Exelixis, Inc. (a) | 1063551 |
| 9685 | Halozyme Therapeutics, Inc. (a) | 708458 |
| 3242 | Incyte Corp. (a) | 274306 |
| 636 | Neurocrine Biosciences, Inc. (a) | 88786 |
| 2953 | TG Therapeutics, Inc. (a) | 86611 |
| 3128 | United Therapeutics Corp. (a) | 953289 |
|  |  | 3366246 |
|  | **Broadline Retail — 0.6%**  |  |
| 847 | Dillard's, Inc., Class A | 451349 |
| 5592 | Macy's, Inc. | 73982 |
|  |  | 525331 |
|  | **Building Products — 2.3%**  |  |
| 5744 | A.O. Smith Corp. | 409490 |
| 2264 | Armstrong World Industries, Inc. | 443223 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Building Products (Continued)**  |  |
| 1272 | Builders FirstSource, Inc. (a) | $176401 |
| 375 | Carlisle Cos., Inc. | 144709 |
| 823 | Fortune Brands Innovations, Inc. | 48162 |
| 341 | Lennox International, Inc. | 190230 |
| 4305 | UFP Industries, Inc. | 434676 |
|  |  | 1846891 |
|  | **Capital Markets — 2.9%**  |  |
| 2464 | Affiliated Managers Group, Inc. | 553957 |
| 12967 | Federated Hermes, Inc. | 688548 |
| 1128 | Houlihan Lokey, Inc. | 224754 |
| 1654 | Janus Henderson Group PLC | 73305 |
| 6265 | Main Street Capital Corp. | 415307 |
| 2798 | SEI Investments Co. | 247007 |
| 1463 | Stifel Financial Corp. | 168669 |
|  |  | 2371547 |
|  | **Chemicals — 1.2%**  |  |
| 721 | Ashland, Inc. | 40484 |
| 3336 | Cabot Corp. | 272084 |
| 523 | NewMarket Corp. | 432500 |
| 2941 | Olin Corp. | 69584 |
| 1521 | RPM International, Inc. | 190597 |
|  |  | 1005249 |
|  | **Commercial Services &** <br> **Supplies — 0.7%**  |  |
| 12159 | HNI Corp. | 546425 |
|  | **Communications Equipment** <br> **— 1.3%**  |  |
| 2152 | F5, Inc. (a) | 673877 |
| 17181 | NetScout Systems, Inc. (a) | 427635 |
|  |  | 1101512 |
|  | **Construction & Engineering** <br> **— 3.5%**  |  |
| 3890 | API Group Corp. (a) | 138795 |
| 1169 | Comfort Systems USA, Inc. | 822251 |
| 1468 | EMCOR Group, Inc. | 910160 |
| 1144 | MasTec, Inc. (a) | 207853 |
| 441 | Sterling Infrastructure, Inc. (a) | 122832 |
| 1804 | Valmont Industries, Inc. | 662285 |
|  |  | 2864176 |
|  | **Consumer Finance — 0.3%**  |  |
| 1635 | FirstCash Holdings, Inc. | 240786 |
|  | **Consumer Staples Distribution** <br> **& Retail — 1.4%**  |  |
| 1030 | Maplebear, Inc. (a) | 44671 |
| 7135 | Sprouts Farmers Market, Inc. (a) | 1002753 |
| 1178 | US Foods Holding Corp. (a) | 91413 |
|  |  | 1138837 |
|  | **Containers & Packaging —** <br> **1.3%**  |  |
| 6512 | Crown Holdings, Inc. | 647162 |

---

See Notes to Financial Statements

------

**First Trust Active Factor Mid Cap ETF (AFMC)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Containers & Packaging** <br> **(Continued)**  |  |
| 3138 | Greif, Inc., Class A | $204943 |
| 4707 | Sonoco Products Co. | 222406 |
|  |  | 1074511 |
|  | **Distributors — 0.0%**  |  |
| 1074 | LKQ Corp. | 35034 |
|  | **Diversified Consumer Services** <br> **— 2.4%**  |  |
| 493 | Duolingo, Inc. (a) | 146845 |
| 421 | Graham Holdings Co., Class B | 457227 |
| 1848 | Grand Canyon Education, <br> Inc. (a) | 372501 |
| 13270 | H&R Block, Inc. | 668145 |
| 2120 | Stride, Inc. (a) | 345963 |
|  |  | 1990681 |
|  | **Diversified REITs — 0.6%**  |  |
| 6770 | WP Carey, Inc. | 454267 |
|  | **Electric Utilities — 0.7%**  |  |
| 4004 | NRG Energy, Inc. | 582822 |
|  | **Electrical Equipment — 1.3%**  |  |
| 639 | Acuity, Inc. | 208614 |
| 2607 | Atkore, Inc. | 151701 |
| 2874 | EnerSys | 295016 |
| 2989 | NEXTracker, Inc., Class A (a) | 201040 |
| 5225 | Sensata Technologies <br> Holding PLC | 170022 |
|  |  | 1026393 |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 4.6%**  |  |
| 1804 | Arrow Electronics, Inc. (a) | 227899 |
| 1502 | Avnet, Inc. | 81964 |
| 937 | Badger Meter, Inc. | 171396 |
| 22315 | Flex Ltd. (a) | 1196530 |
| 538 | Insight Enterprises, Inc. (a) | 70026 |
| 722 | Itron, Inc. (a) | 88763 |
| 3633 | Jabil, Inc. | 744148 |
| 5212 | Sanmina Corp. (a) | 612514 |
| 3054 | TD SYNNEX Corp. | 452206 |
| 2107 | Vontier Corp. | 90411 |
|  |  | 3735857 |
|  | **Energy Equipment & Services** <br> **— 0.3%**  |  |
| 16822 | NOV, Inc. | 223564 |
|  | **Entertainment — 1.5%**  |  |
| 5501 | Liberty Media Corp.-Liberty <br> Live, Class C (a) | 535688 |
| 3536 | TKO Group Holdings, Inc. | 670284 |
|  |  | 1205972 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Financial Services — 4.0%**  |  |
| 18082 | Enact Holdings, Inc. | $680787 |
| 5942 | Equitable Holdings, Inc. | 316471 |
| 6066 | Essent Group Ltd. | 380581 |
| 204 | Jack Henry & Associates, Inc. | 33305 |
| 35377 | MGIC Investment Corp. | 984542 |
| 15942 | Radian Group, Inc. | 556057 |
| 3826 | Voya Financial, Inc. | 287294 |
| 8029 | Western Union (The) Co. | 69612 |
|  |  | 3308649 |
|  | **Food Products — 2.3%**  |  |
| 6128 | Cal-Maine Foods, Inc. | 708642 |
| 1526 | Conagra Brands, Inc. | 29192 |
| 3117 | Ingredion, Inc. | 403776 |
| 16286 | Pilgrim's Pride Corp. | 723913 |
|  |  | 1865523 |
|  | **Gas Utilities — 2.4%**  |  |
| 12995 | National Fuel Gas Co. | 1127186 |
| 24248 | UGI Corp. | 839951 |
|  |  | 1967137 |
|  | **Health Care Equipment &** <br> **Supplies — 0.8%**  |  |
| 825 | iRhythm Technologies, Inc. (a) | 140233 |
| 4464 | LivaNova PLC (a) | 251636 |
| 1466 | Masimo Corp. (a) | 204815 |
| 303 | Teleflex, Inc. | 38302 |
|  |  | 634986 |
|  | **Health Care Providers &** <br> **Services — 3.4%**  |  |
| 1531 | Cardinal Health, Inc. | 227782 |
| 886 | Chemed Corp. | 405744 |
| 2055 | CorVel Corp. (a) | 182998 |
| 1877 | Encompass Health Corp. | 228543 |
| 3375 | Henry Schein, Inc. (a) | 234832 |
| 3976 | Hims & Hers Health, Inc. (a) | 168384 |
| 1325 | Molina Healthcare, Inc. (a) | 239600 |
| 4110 | Option Care Health, Inc. (a) | 117875 |
| 17800 | Premier, Inc., Class A | 461020 |
| 852 | Tenet Healthcare Corp. (a) | 157049 |
| 1801 | Universal Health Services, Inc., <br> Class B | 327026 |
|  |  | 2750853 |
|  | **Health Care REITs — 1.3%**  |  |
| 11951 | American Healthcare REIT, Inc. | 511384 |
| 5597 | Omega Healthcare Investors, Inc. | 238264 |
| 15674 | Sabra Health Care REIT, Inc. | 299530 |
|  |  | 1049178 |
|  | **Health Care Technology —** <br> **0.2%**  |  |
| 1907 | Doximity, Inc., Class A (a) | 129562 |

---

See Notes to Financial Statements

------

**First Trust Active Factor Mid Cap ETF (AFMC)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Hotel & Resort REITs — 1.0%**  |  |
| 16278 | Apple Hospitality REIT, Inc. | $212591 |
| 23189 | Host Hotels & Resorts, Inc. | 399083 |
| 3586 | Park Hotels & Resorts, Inc. | 42171 |
| 1905 | Ryman Hospitality Properties, <br> Inc. | 188195 |
|  |  | 842040 |
|  | **Hotels, Restaurants & Leisure** <br> **— 0.5%**  |  |
| 2550 | Brinker International, Inc. (a) | 397749 |
|  | **Household Durables — 2.5%**  |  |
| 3252 | KB Home | 206665 |
| 3431 | PulteGroup, Inc. | 452961 |
| 8281 | Taylor Morrison Home Corp. (a) | 557891 |
| 4232 | Toll Brothers, Inc. | 588248 |
| 6341 | Tri Pointe Homes, Inc. (a) | 224027 |
|  |  | 2029792 |
|  | **Independent Power and** <br> **Renewable Electricity** <br>**Producers — 0.4%**  |  |
| 1648 | Vistra Corp. | 311653 |
|  | **Industrial REITs — 0.2%**  |  |
| 4895 | STAG Industrial, Inc. | 180381 |
|  | **Insurance — 5.0%**  |  |
| 951 | Brighthouse Financial, Inc. (a) | 44944 |
| 5648 | CNO Financial Group, Inc. | 222927 |
| 4421 | Globe Life, Inc. | 618719 |
| 2730 | Hanover Insurance Group (The), <br> Inc. | 473600 |
| 28341 | Old Republic International Corp. | 1132790 |
| 1141 | Primerica, Inc. | 307317 |
| 1111 | RenaissanceRe Holdings Ltd. | 269962 |
| 14680 | Unum Group | 1025545 |
|  |  | 4095804 |
|  | **Interactive Media & Services** <br> **— 0.9%**  |  |
| 7988 | Grindr, Inc. (a) | 124932 |
| 12414 | Match Group, Inc. | 463539 |
| 4689 | Ziff Davis, Inc. (a) | 179167 |
|  |  | 767638 |
|  | **IT Services — 0.7%**  |  |
| 1147 | ASGN, Inc. (a) | 62225 |
| 1868 | DXC Technology Co. (a) | 26992 |
| 1058 | EPAM Systems, Inc. (a) | 186589 |
| 1993 | GoDaddy, Inc., Class A (a) | 295582 |
|  |  | 571388 |
|  | **Leisure Products — 0.5%**  |  |
| 22778 | Mattel, Inc. (a) | 416837 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Life Sciences Tools & Services** <br> **— 0.4%**  |  |
| 734 | Medpace Holdings, Inc. (a) | $349024 |
|  | **Machinery — 6.5%**  |  |
| 6658 | Allison Transmission Holdings, <br> Inc. | 581310 |
| 838 | Donaldson Co., Inc. | 66764 |
| 885 | Esab Corp. | 102103 |
| 994 | ESCO Technologies, Inc. | 199705 |
| 1926 | Federal Signal Corp. | 236879 |
| 15944 | Kennametal, Inc. | 341680 |
| 1820 | Middleby (The) Corp. (a) | 249067 |
| 8777 | Mueller Industries, Inc. | 842065 |
| 7204 | Mueller Water Products, Inc., <br> Class A | 189897 |
| 2141 | Oshkosh Corp. | 298391 |
| 1473 | RBC Bearings, Inc. (a) | 574411 |
| 1405 | Snap-on, Inc. | 456962 |
| 3473 | Terex Corp. | 173442 |
| 5470 | Timken (The) Co. | 422448 |
| 3322 | Toro (The) Co. | 269281 |
| 1118 | Watts Water Technologies, Inc., <br> Class A | 309574 |
|  |  | 5313979 |
|  | **Marine Transportation —** <br> **0.4%**  |  |
| 3042 | Matson, Inc. | 316520 |
|  | **Media — 1.4%**  |  |
| 5482 | New York Times (The) Co., <br> Class A | 328043 |
| 1702 | Nexstar Media Group, Inc. | 348110 |
| 22423 | TEGNA, Inc. | 475368 |
|  |  | 1151521 |
|  | **Metals & Mining — 1.3%**  |  |
| 587 | Alpha Metallurgical Resources, <br> Inc. (a) | 87574 |
| 2661 | Carpenter Technology Corp. | 640982 |
| 345 | Reliance, Inc. | 102003 |
| 1474 | Royal Gold, Inc. | 264701 |
|  |  | 1095260 |
|  | **Office REITs — 0.1%**  |  |
| 3445 | Highwoods Properties, Inc. | 108621 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 2.5%**  |  |
| 26002 | Antero Midstream Corp. | 462576 |
| 1973 | APA Corp. | 45813 |
| 833 | Chord Energy Corp. | 91539 |
| 5400 | Civitas Resources, Inc. | 198612 |
| 2746 | DT Midstream, Inc. | 286078 |
| 6801 | Murphy Oil Corp. | 169073 |
| 20403 | Peabody Energy Corp. | 355012 |

---

See Notes to Financial Statements

------

**First Trust Active Factor Mid Cap ETF (AFMC)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Oil, Gas & Consumable Fuels** <br> **(Continued)**  |  |
| 1013 | SM Energy Co. | $28921 |
| 440 | Texas Pacific Land Corp. | 410731 |
|  |  | 2048355 |
|  | **Paper & Forest Products —** <br> **0.2%**  |  |
| 10721 | Magnera Corp. (a) | 132940 |
|  | **Personal Care Products —** <br> **0.5%**  |  |
| 3246 | BellRing Brands, Inc. (a) | 133248 |
| 261 | Interparfums, Inc. | 30000 |
| 20576 | Nu Skin Enterprises, Inc., <br> Class A | 250410 |
|  |  | 413658 |
|  | **Pharmaceuticals — 1.3%**  |  |
| 2798 | Corcept Therapeutics, Inc. (a) | 195077 |
| 4007 | Jazz Pharmaceuticals PLC (a) | 511894 |
| 6548 | Organon & Co. | 61682 |
| 4135 | Prestige Consumer Healthcare, <br> Inc. (a) | 281345 |
|  |  | 1049998 |
|  | **Professional Services — 2.9%**  |  |
| 381 | Booz Allen Hamilton Holding <br> Corp. | 41422 |
| 295 | CACI International, Inc., <br> Class A (a) | 141518 |
| 2550 | Concentrix Corp. | 134538 |
| 9172 | ExlService Holdings, Inc. (a) | 401550 |
| 17233 | Genpact Ltd. | 781344 |
| 1566 | ManpowerGroup, Inc. | 66398 |
| 3621 | Maximus, Inc. | 318358 |
| 4548 | Science Applications <br> International Corp. | 535300 |
|  |  | 2420428 |
|  | **Real Estate Management &** <br> **Development — 0.4%**  |  |
| 1117 | Jones Lang LaSalle, Inc. (a) | 341322 |
|  | **Residential REITs — 0.1%**  |  |
| 634 | Camden Property Trust | 70995 |
|  | **Retail REITs — 0.6%**  |  |
| 2118 | Brixmor Property Group, Inc. | 59283 |
| 6119 | NNN REIT, Inc. | 262566 |
| 2236 | Regency Centers Corp. | 162110 |
|  |  | 483959 |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 2.2%**  |  |
| 4845 | Allegro MicroSystems, Inc. (a) | 149468 |
| 2698 | Axcelis Technologies, Inc. (a) | 215948 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br> **(Continued)**  |  |
| 5937 | Cirrus Logic, Inc. (a) | $677946 |
| 1287 | MACOM Technology Solutions <br> Holdings, Inc. (a) | 164929 |
| 2121 | Qorvo, Inc. (a) | 192375 |
| 1264 | Silicon Laboratories, Inc. (a) | 169819 |
| 2628 | Skyworks Solutions, Inc. | 196942 |
|  |  | 1767427 |
|  | **Software — 4.2%**  |  |
| 3731 | ACI Worldwide, Inc. (a) | 184125 |
| 6608 | Box, Inc., Class A (a) | 215619 |
| 2243 | Commvault Systems, Inc. (a) | 418645 |
| 2685 | Docusign, Inc. (a) | 205832 |
| 3032 | Dolby Laboratories, Inc., <br> Class A | 217334 |
| 19860 | Dropbox, Inc., Class A (a) | 577132 |
| 183 | Fair Isaac Corp. (a) | 278460 |
| 1504 | Gen Digital, Inc. | 45421 |
| 1262 | Guidewire Software, Inc. (a) | 273879 |
| 3153 | Intapp, Inc. (a) | 145006 |
| 2208 | InterDigital, Inc. | 599936 |
| 1958 | Life360, Inc. (a) | 177091 |
| 821 | Q2 Holdings, Inc. (a) | 64637 |
| 2995 | Teradata Corp. (a) | 62835 |
|  |  | 3465952 |
|  | **Specialized REITs — 1.6%**  |  |
| 12741 | EPR Properties | 691200 |
| 11724 | Gaming and Leisure Properties, <br> Inc. | 562869 |
| 557 | Lamar Advertising Co., Class A | 70878 |
|  |  | 1324947 |
|  | **Specialty Retail — 2.8%**  |  |
| 1257 | Abercrombie & Fitch Co., <br> Class A (a) | 117567 |
| 4266 | Academy Sports & Outdoors, <br> Inc. | 228444 |
| 13897 | American Eagle Outfitters, Inc. | 179827 |
| 782 | Asbury Automotive Group, <br> Inc. (a) | 196704 |
| 5098 | Bath & Body Works, Inc. | 148913 |
| 4260 | Chewy, Inc., Class A (a) | 174490 |
| 19140 | Gap (The), Inc. | 421272 |
| 4667 | Urban Outfitters, Inc. (a) | 313062 |
| 2933 | Williams-Sonoma, Inc. | 551961 |
|  |  | 2332240 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 0.6%**  |  |
| 4673 | NetApp, Inc. | 527068 |

---

See Notes to Financial Statements

------

**First Trust Active Factor Mid Cap ETF (AFMC)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Textiles, Apparel & Luxury** <br> **Goods — 2.2%**  |  |
| 1913 | Carter's, Inc. | $54635 |
| 2597 | Columbia Sportswear Co. | 144705 |
| 2216 | Crocs, Inc. (a) | 193235 |
| 989 | Deckers Outdoor Corp. (a) | 118314 |
| 2833 | PVH Corp. | 238879 |
| 1720 | Ralph Lauren Corp. | 510720 |
| 5698 | Tapestry, Inc. | 580170 |
|  |  | 1840658 |
|  | **Trading Companies &** <br> **Distributors — 1.6%**  |  |
| 1035 | Applied Industrial Technologies, <br> Inc. | 272805 |
| 1856 | Boise Cascade Co. | 161472 |
| 3488 | Core & Main, Inc., Class A (a) | 225743 |
| 2798 | MSC Industrial Direct Co., Inc., <br> Class A | 252464 |
| 245 | Watsco, Inc. | 98583 |
| 1376 | WESCO International, Inc. | 302500 |
|  |  | 1313567 |
|  | **Total Common Stocks** | 81859605 |
|  | (Cost $75,829,847) |  |
| **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** |
| 140463 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 4.13% (b) | 140463 |
|  | (Cost $140,463) |  |
|  | **Total Investments — 99.9%** | 82000068 |
|  | (Cost $75,970,310) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.1%** | 55170 |
|  | **Net Assets — 100.0%** | $82055238 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Rate
 shown reflects yield as of August 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations throughout the Portfolio of Investments: <br> REITs – Real Estate Investment Trusts

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $81859605 | $81859605 | $— | $— |
| Money Market Funds | 140463 | 140463 |  |  |
| Total Investments | $82000068 | $82000068 | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**First Trust Active Factor Small Cap ETF (AFSM)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** |
|  | **Aerospace & Defense — 0.3%**  |  |
| 3353 | Astronics Corp. (a) | $121949 |
|  | **Air Freight & Logistics —** <br> **0.2%**  |  |
| 2799 | Hub Group, Inc., Class A | 104739 |
|  | **Automobile Components —** <br> **1.7%**  |  |
| 5609 | Adient PLC (a) | 139103 |
| 1815 | Dorman Products, Inc. (a) | 293649 |
| 4957 | Phinia, Inc. | 289885 |
| 166 | Standard Motor Products, Inc. | 6443 |
|  |  | 729080 |
|  | **Banks — 9.9%**  |  |
| 3126 | Amalgamated Financial Corp. | 90310 |
| 11629 | Ames National Corp. | 232347 |
| 36 | BancFirst Corp. | 4787 |
| 4154 | Bancorp (The), Inc. (a) | 316701 |
| 4488 | Bank of NT Butterfield & Son <br> (The) Ltd. | 202499 |
| 1549 | Cathay General Bancorp | 77311 |
| 1425 | Central Pacific Financial Corp. | 44631 |
| 1818 | City Holding Co. | 233577 |
| 4289 | ConnectOne Bancorp, Inc. | 109798 |
| 5243 | Eagle Bancorp, Inc. | 101819 |
| 1186 | Esquire Financial Holdings, Inc. | 116347 |
| 10331 | First BanCorp | 229658 |
| 4103 | First Financial Corp. | 242077 |
| 794 | First Hawaiian, Inc. | 20604 |
| 3396 | First Interstate BancSystem, Inc., <br> Class A | 111117 |
| 939 | Hancock Whitney Corp. | 59082 |
| 841 | Heritage Financial Corp. | 20554 |
| 4418 | Home BancShares, Inc. | 131480 |
| 1636 | Independent Bank Corp. | 116990 |
| 1806 | International Bancshares Corp. | 129201 |
| 1501 | Metropolitan Bank Holding <br> Corp. | 119164 |
| 943 | Nicolet Bankshares, Inc. | 130408 |
| 8002 | Northeast Community Bancorp, <br> Inc. | 180445 |
| 5443 | OceanFirst Financial Corp. | 100097 |
| 2599 | OFG Bancorp | 116305 |
| 680 | Park National Corp. | 116804 |
| 273 | Pathward Financial, Inc. | 21695 |
| 6787 | Peoples Bancorp of North <br> Carolina, Inc. | 215012 |
| 3159 | Peoples Bancorp, Inc.  | 97739 |
| 2807 | Preferred Bank | 264981 |
| 5303 | S&T Bancorp, Inc. | 209522 |
| 3773 | Trustmark Corp. | 151939 |
|  |  | 4315001 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Beverages — 0.4%**  |  |
| 729 | Coca-Cola Consolidated, Inc. | $85468 |
| 3751 | Primo Brands Corp. | 94188 |
|  |  | 179656 |
|  | **Biotechnology — 5.8%**  |  |
| 5497 | ACADIA Pharmaceuticals, <br> Inc. (a) | 142867 |
| 20551 | ADMA Biologics, Inc. (a) | 354710 |
| 7013 | Alkermes PLC (a) | 203167 |
| 10551 | BioCryst Pharmaceuticals, <br> Inc. (a) | 87679 |
| 14829 | Catalyst Pharmaceuticals, <br> Inc. (a) | 305329 |
| 7339 | Halozyme Therapeutics, Inc. (a) | 536848 |
| 7840 | Kiniksa Pharmaceuticals <br> International PLC (a) | 262561 |
| 547 | Krystal Biotech, Inc. (a) | 80792 |
| 840 | Mirum Pharmaceuticals, Inc. (a) | 62051 |
| 1761 | PTC Therapeutics, Inc. (a) | 86870 |
| 7017 | TG Therapeutics, Inc. (a) | 205809 |
| 6462 | Veracyte, Inc. (a) | 196057 |
|  |  | 2524740 |
|  | **Broadline Retail — 0.7%**  |  |
| 1968 | Groupon, Inc. (a) | 51365 |
| 5608 | Kohl's Corp. | 84456 |
| 14191 | Macy's, Inc. | 187747 |
|  |  | 323568 |
|  | **Building Products — 0.9%**  |  |
| 2429 | Apogee Enterprises, Inc. | 106815 |
| 387 | CSW Industrials, Inc. | 105860 |
| 640 | Griffon Corp. | 48742 |
| 2800 | Janus International Group, <br> Inc. (a) | 28980 |
| 9287 | Masterbrand, Inc. (a) | 118038 |
|  |  | 408435 |
|  | **Capital Markets — 2.5%**  |  |
| 765 | Acadian Asset Management, Inc. | 38992 |
| 514 | Artisan Partners Asset <br> Management, Inc., Class A | 24050 |
| 3063 | Federated Hermes, Inc. | 162645 |
| 356 | Main Street Capital Corp. | 23599 |
| 8996 | Patria Investments Ltd., Class A | 121806 |
| 782 | PJT Partners, Inc., Class A | 139978 |
| 1504 | StoneX Group, Inc. (a) | 153664 |
| 1389 | Victory Capital Holdings, Inc., <br> Class A | 99008 |
| 3491 | Virtu Financial, Inc., Class A | 146343 |
| 1022 | Virtus Investment Partners, Inc. | 205861 |
|  |  | 1115946 |
|  | **Chemicals — 1.5%**  |  |
| 1793 | Hawkins, Inc. | 300023 |

---

See Notes to Financial Statements

------

**First Trust Active Factor Small Cap ETF (AFSM)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Chemicals (Continued)**  |  |
| 9875 | Perimeter Solutions, Inc. (a) | $221101 |
| 1279 | Sensient Technologies Corp. | 145115 |
|  |  | 666239 |
|  | **Commercial Services &** <br> **Supplies — 2.8%**  |  |
| 942 | Brady Corp., Class A | 73551 |
| 1791 | Cimpress PLC (a) | 113039 |
| 2125 | Deluxe Corp. | 41778 |
| 7691 | Ennis, Inc. | 140515 |
| 3707 | Healthcare Services Group, <br>Inc. (a) | 57866 |
| 400 | HNI Corp. | 17976 |
| 9565 | Interface, Inc. | 255577 |
| 3371 | Liquidity Services, Inc. (a) | 89635 |
| 5505 | MillerKnoll, Inc. | 116211 |
| 10853 | Pitney Bowes, Inc. | 131538 |
| 10918 | Steelcase, Inc., Class A | 182767 |
|  |  | 1220453 |
|  | **Communications Equipment** <br> **— 2.0%**  |  |
| 2576 | Calix, Inc. (a) | 153143 |
| 6289 | Digi International, Inc. (a) | 218354 |
| 19126 | Harmonic, Inc. (a) | 183992 |
| 7731 | NETGEAR, Inc. (a) | 210052 |
| 4310 | NetScout Systems, Inc. (a) | 107276 |
|  |  | 872817 |
|  | **Construction & Engineering** <br> **— 2.8%**  |  |
| 510 | Comfort Systems USA, Inc. | 358724 |
| 486 | EMCOR Group, Inc. | 301320 |
| 611 | IES Holdings, Inc. (a) | 213428 |
| 412 | Limbach Holdings, Inc. (a) | 47199 |
| 664 | Sterling Infrastructure, Inc. (a) | 184944 |
| 2293 | Tutor Perini Corp. (a) | 135149 |
|  |  | 1240764 |
|  | **Construction Materials —** <br> **0.4%**  |  |
| 1366 | United States Lime & Minerals, <br> Inc. | 172007 |
|  | **Consumer Finance — 1.1%**  |  |
| 2017 | Bread Financial Holdings, Inc. | 133505 |
| 1315 | Dave, Inc. (a) | 280384 |
| 38 | EZCORP, Inc., Class A (a) | 634 |
| 457 | FirstCash Holdings, Inc. | 67302 |
|  |  | 481825 |
|  | **Consumer Staples Distribution** <br> **& Retail — 1.4%**  |  |
| 2402 | Andersons (The), Inc. | 98242 |
| 1541 | Ingles Markets, Inc., Class A | 104310 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Consumer Staples Distribution** <br> **& Retail (Continued)**  |  |
| 240 | Natural Grocers by Vitamin <br> Cottage, Inc. | $9228 |
| 604 | PriceSmart, Inc. | 64785 |
| 2198 | Sprouts Farmers Market, Inc. (a) | 308907 |
| 299 | Weis Markets, Inc. | 21423 |
|  |  | 606895 |
|  | **Distributors — 0.2%**  |  |
| 3540 | GigaCloud Technology, Inc., <br> Class A (a) | 93704 |
|  | **Diversified Consumer Services** <br> **— 2.7%**  |  |
| 1626 | Adtalem Global Education, <br> Inc. (a) | 212925 |
| 405 | Frontdoor, Inc. (a) | 24604 |
| 23 | Graham Holdings Co., Class B | 24979 |
| 808 | Grand Canyon Education, <br> Inc. (a) | 162868 |
| 3277 | H&R Block, Inc. | 164997 |
| 2021 | Laureate Education, Inc. (a) | 55537 |
| 6438 | Perdoceo Education Corp. | 210780 |
| 942 | Stride, Inc. (a) | 153725 |
| 6769 | Universal Technical Institute, <br> Inc. (a) | 179988 |
|  |  | 1190403 |
|  | **Diversified Telecommunication** <br> **Services — 0.2%**  |  |
| 1708 | IDT Corp., Class B | 109432 |
|  | **Electric Utilities — 0.3%**  |  |
| 1735 | Otter Tail Corp. | 145723 |
|  | **Electrical Equipment — 0.4%**  |  |
| 84 | Acuity, Inc. | 27423 |
| 2777 | Atkore, Inc. | 161594 |
|  |  | 189017 |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 3.1%**  |  |
| 371 | Avnet, Inc. | 20245 |
| 1168 | Badger Meter, Inc. | 213651 |
| 1301 | Bel Fuse, Inc., Class B | 175063 |
| 6982 | Daktronics, Inc. (a) | 121138 |
| 531 | ePlus, Inc. | 38428 |
| 1356 | PC Connection, Inc. | 87069 |
| 2840 | Sanmina Corp. (a) | 333757 |
| 4493 | ScanSource, Inc. (a) | 196119 |
| 3370 | TTM Technologies, Inc. (a) | 150201 |
|  |  | 1335671 |
|  | **Energy Equipment & Services** <br> **— 0.3%**  |  |
| 6017 | Archrock, Inc. | 148981 |

---

See Notes to Financial Statements

------

**First Trust Active Factor Small Cap ETF (AFSM)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Entertainment — 0.2%**  |  |
| 3834 | Cinemark Holdings, Inc. | $98917 |
|  | **Financial Services — 2.2%**  |  |
| 7255 | Enact Holdings, Inc. | 273151 |
| 2441 | Essent Group Ltd. | 153148 |
| 2750 | International Money Express, <br> Inc. (a) | 39875 |
| 9640 | MGIC Investment Corp. | 268281 |
| 1042 | NMI Holdings, Inc. (a) | 41003 |
| 2838 | Radian Group, Inc. | 98989 |
| 492 | Sezzle, Inc. (a) | 46543 |
| 4074 | Western Union (The) Co. | 35322 |
|  |  | 956312 |
|  | **Food Products — 1.0%**  |  |
| 3757 | Cal-Maine Foods, Inc. | 434460 |
| 597 | Fresh Del Monte Produce, Inc. | 21659 |
|  |  | 456119 |
|  | **Gas Utilities — 0.0%**  |  |
| 1168 | MDU Resources Group, Inc. | 19027 |
|  | **Health Care Equipment &** <br> **Supplies — 2.6%**  |  |
| 1123 | Avanos Medical, Inc. (a) | 13409 |
| 1118 | Axogen, Inc. (a) | 18045 |
| 222 | Glaukos Corp. (a) | 21272 |
| 1819 | Globus Medical, Inc., <br> Class A (a) | 111450 |
| 7965 | Inmode Ltd. (a) | 118997 |
| 847 | iRhythm Technologies, Inc. (a) | 143973 |
| 2276 | Lantheus Holdings, Inc. (a) | 124952 |
| 1048 | LeMaitre Vascular, Inc. | 99943 |
| 1979 | LivaNova PLC (a) | 111556 |
| 2638 | Omnicell, Inc. (a) | 85972 |
| 1116 | SI-BONE, Inc. (a) | 18604 |
| 10395 | Tactile Systems Technology, <br> Inc. (a) | 138357 |
| 544 | UFP Technologies, Inc. (a) | 114327 |
|  |  | 1120857 |
|  | **Health Care Providers &** <br> **Services — 3.3%**  |  |
| 172 | Addus HomeCare Corp. (a) | 19809 |
| 3203 | AMN Healthcare Services, <br> Inc. (a) | 66558 |
| 3790 | Astrana Health, Inc. (a) | 121128 |
| 5023 | BrightSpring Health Services, <br> Inc. (a) | 118995 |
| 2143 | CorVel Corp. (a) | 190834 |
| 1866 | GeneDx Holdings Corp. (a) | 241628 |
| 3482 | Hims & Hers Health, Inc. (a) | 147463 |
| 1139 | National HealthCare Corp. | 129254 |
| 902 | Option Care Health, Inc. (a) | 25869 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Health Care Providers &** <br> **Services (Continued)**  |  |
| 6104 | Owens & Minor, Inc. (a) | $29910 |
| 3300 | Premier, Inc., Class A | 85470 |
| 10650 | Progyny, Inc. (a) | 252086 |
|  |  | 1429004 |
|  | **Health Care REITs — 1.7%**  |  |
| 7694 | American Healthcare REIT, Inc. | 329226 |
| 3180 | National Health Investors, Inc. | 248962 |
| 8089 | Sabra Health Care REIT, Inc. | 154581 |
|  |  | 732769 |
|  | **Health Care Technology —** <br> **0.6%**  |  |
| 10530 | Certara, Inc. (a) | 114145 |
| 1609 | Phreesia, Inc. (a) | 50941 |
| 7101 | Simulations Plus, Inc. (a) | 100621 |
|  |  | 265707 |
|  | **Hotel & Resort REITs — 0.1%**  |  |
| 1624 | Apple Hospitality REIT, Inc. | 21209 |
| 1814 | Park Hotels & Resorts, Inc. | 21333 |
|  |  | 42542 |
|  | **Hotels, Restaurants & Leisure** <br> **— 0.9%**  |  |
| 1669 | Brinker International, Inc. (a) | 260330 |
| 10387 | Super Group SGHC Ltd. | 120801 |
|  |  | 381131 |
|  | **Household Durables — 2.0%**  |  |
| 224 | Cavco Industries, Inc. (a) | 118830 |
| 3531 | Ethan Allen Interiors, Inc. | 104200 |
| 1792 | Green Brick Partners, Inc. (a) | 125153 |
| 4234 | Helen of Troy Ltd. (a) | 103945 |
| 957 | M/I Homes, Inc. (a) | 140928 |
| 774 | Taylor Morrison Home Corp. (a) | 52144 |
| 6274 | Tri Pointe Homes, Inc. (a) | 221660 |
|  |  | 866860 |
|  | **Independent Power and** <br> **Renewable Electricity** <br>**Producers — 0.2%**  |  |
| 4531 | Hallador Energy Co. (a) | 73901 |
|  | **Industrial REITs — 0.4%**  |  |
| 3058 | Innovative Industrial Properties, <br> Inc. | 173266 |
|  | **Insurance — 2.4%**  |  |
| 11362 | Fidelis Insurance Holdings Ltd. | 198608 |
| 10431 | Hamilton Insurance Group Ltd., <br> Class B (a) | 248675 |
| 733 | HCI Group, Inc. | 122198 |
| 3116 | Heritage Insurance Holdings, <br> Inc. (a) | 70951 |
| 380 | Root, Inc., Class A (a) | 35044 |

---

See Notes to Financial Statements

------

**First Trust Active Factor Small Cap ETF (AFSM)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Insurance (Continued)**  |  |
| 14173 | SiriusPoint Ltd. (a) | $265318 |
| 4807 | Universal Insurance Holdings, <br> Inc. | 117243 |
|  |  | 1058037 |
|  | **Interactive Media & Services** <br> **— 1.6%**  |  |
| 3872 | Angi, Inc. (a) | 68611 |
| 649 | Cargurus, Inc. (a) | 22456 |
| 9240 | Cars.com, Inc. (a) | 120582 |
| 3099 | EverQuote, Inc., Class A (a) | 72052 |
| 13869 | Grindr, Inc. (a) | 216911 |
| 550 | Yelp, Inc. (a) | 17391 |
| 4962 | Ziff Davis, Inc. (a) | 189598 |
|  |  | 707601 |
|  | **IT Services — 0.3%**  |  |
| 589 | ASGN, Inc. (a) | 31953 |
| 4987 | DXC Technology Co. (a) | 72062 |
| 766 | Hackett Group (The), Inc. | 15948 |
|  |  | 119963 |
|  | **Life Sciences Tools & Services** <br> **— 0.8%**  |  |
| 7286 | Adaptive Biotechnologies <br> Corp. (a) | 96029 |
| 3379 | BioLife Solutions, Inc. (a) | 84644 |
| 401 | Medpace Holdings, Inc. (a) | 190680 |
| 53 | OmniAb, Inc. - 12.5 Earnout <br> Shares (a) (b) (c) (d) (e) | 0 |
| 53 | OmniAb, Inc. - 15 Earnout <br> Shares (a) (b) (c) (d) (e) | 0 |
|  |  | 371353 |
|  | **Machinery — 4.2%**  |  |
| 101 | Alamo Group, Inc. | 21357 |
| 5067 | Blue Bird Corp. (a) | 295862 |
| 442 | Enerpac Tool Group Corp. | 18714 |
| 1413 | ESCO Technologies, Inc. | 283886 |
| 2338 | Hyster-Yale, Inc. | 87675 |
| 1621 | Kennametal, Inc. | 34738 |
| 1924 | Mueller Industries, Inc. | 184589 |
| 9268 | Mueller Water Products, Inc., <br> Class A | 244305 |
| 6797 | REV Group, Inc. | 361668 |
| 841 | SPX Technologies, Inc. (a) | 157360 |
| 2177 | Terex Corp. | 108719 |
| 114 | Watts Water Technologies, Inc., <br> Class A | 31567 |
|  |  | 1830440 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Marine Transportation —** <br> **1.0%**  |  |
| 14330 | Genco Shipping & Trading Ltd. | $241317 |
| 1800 | Matson, Inc. | 187290 |
|  |  | 428607 |
|  | **Media — 1.0%**  |  |
| 11062 | AMC Networks, Inc., <br> Class A (a) | 78098 |
| 2375 | John Wiley & Sons, Inc., <br> Class A | 96377 |
| 4022 | Scholastic Corp. | 103205 |
| 7455 | TEGNA, Inc. | 158046 |
|  |  | 435726 |
|  | **Metals & Mining — 1.6%**  |  |
| 1306 | Alpha Metallurgical Resources, <br> Inc. (a) | 194842 |
| 1473 | Carpenter Technology Corp. | 354816 |
| 20775 | SunCoke Energy, Inc. | 160383 |
|  |  | 710041 |
|  | **Multi-Utilities — 0.2%**  |  |
| 1863 | Avista Corp. | 68074 |
|  | **Office REITs — 0.3%**  |  |
| 3787 | Highwoods Properties, Inc. | 119404 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 3.6%**  |  |
| 12067 | Ardmore Shipping Corp. | 140219 |
| 967 | Chord Energy Corp. | 106264 |
| 5357 | Civitas Resources, Inc. | 197030 |
| 8240 | DHT Holdings, Inc. | 96573 |
| 4708 | Dorian LPG Ltd. | 150562 |
| 7049 | Excelerate Energy, Inc., Class A | 172137 |
| 563 | International Seaways, Inc. | 25571 |
| 846 | Magnolia Oil & Gas Corp., <br> Class A | 21049 |
| 1492 | Murphy Oil Corp. | 37091 |
| 222 | Par Pacific Holdings, Inc. (a) | 7690 |
| 5266 | Peabody Energy Corp. | 91628 |
| 3021 | Scorpio Tankers, Inc. | 152258 |
| 5032 | Teekay Tankers Ltd., Class A | 247423 |
| 4071 | Vitesse Energy, Inc. | 108329 |
|  |  | 1553824 |
|  | **Paper & Forest Products —** <br> **0.5%**  |  |
| 4473 | Sylvamo Corp. | 206339 |
|  | **Passenger Airlines — 0.6%**  |  |
| 1334 | SkyWest, Inc. (a) | 161947 |
| 6567 | Sun Country Airlines Holdings, <br> Inc. (a) | 87013 |
|  |  | 248960 |

---

See Notes to Financial Statements

------

**First Trust Active Factor Small Cap ETF (AFSM)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Personal Care Products —** <br> **1.2%**  |  |
| 1435 | BellRing Brands, Inc. (a) | $58907 |
| 154 | Interparfums, Inc. | 17701 |
| 5473 | Medifast, Inc. (a) | 76786 |
| 23338 | Nu Skin Enterprises, Inc., <br> Class A | 284024 |
| 3162 | USANA Health Sciences, <br> Inc. (a) | 100899 |
|  |  | 538317 |
|  | **Pharmaceuticals — 3.6%**  |  |
| 1454 | ANI Pharmaceuticals, Inc. (a) | 135949 |
| 870 | Axsome Therapeutics, Inc. (a) | 105514 |
| 5357 | Corcept Therapeutics, Inc. (a) | 373490 |
| 13003 | CorMedix, Inc. (a) | 192835 |
| 3445 | Harmony Biosciences Holdings, <br> Inc. (a) | 127086 |
| 684 | Harrow, Inc. (a) | 26676 |
| 7215 | Innoviva, Inc. (a) | 147402 |
| 7186 | Pacira BioSciences, Inc. (a) | 191651 |
| 21888 | SIGA Technologies, Inc. | 183640 |
| 2177 | Supernus Pharmaceuticals, <br> Inc. (a) | 98226 |
|  |  | 1582469 |
|  | **Professional Services — 2.7%**  |  |
| 2554 | Barrett Business Services, Inc. | 124635 |
| 1354 | Concentrix Corp. | 71437 |
| 793 | CRA International, Inc. | 153652 |
| 2778 | CSG Systems International, Inc. | 178237 |
| 3399 | ExlService Holdings, Inc. (a) | 148808 |
| 467 | Heidrick & Struggles <br> International, Inc. | 23728 |
| 1164 | Huron Consulting Group, Inc. (a) | 159421 |
| 1156 | Innodata, Inc. (a) | 43905 |
| 7959 | Kelly Services, Inc., Class A | 113257 |
| 793 | ManpowerGroup, Inc. | 33623 |
| 559 | Maximus, Inc. | 49147 |
| 1079 | Resolute Holdings Management, <br> Inc. (a) | 71311 |
|  |  | 1171161 |
|  | **Real Estate Management &** <br> **Development — 0.8%**  |  |
| 9736 | Cushman & Wakefield PLC (a) | 153537 |
| 10932 | RMR Group (The), Inc., Class A | 184532 |
|  |  | 338069 |
|  | **Retail REITs — 0.5%**  |  |
| 3482 | CBL & Associates Properties, <br> Inc. | 110902 |
| 8103 | SITE Centers Corp. | 99505 |
|  |  | 210407 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 1.2%**  |  |
| 2725 | ACM Research, Inc., Class A (a) | $76900 |
| 3008 | Axcelis Technologies, Inc. (a) | 240760 |
| 4046 | Penguin Solutions Inc. (a) | 97630 |
| 5405 | Photronics, Inc. (a) | 122531 |
|  |  | 537821 |
|  | **Software — 6.9%**  |  |
| 5029 | A10 Networks, Inc. | 89064 |
| 2315 | ACI Worldwide, Inc. (a) | 114245 |
| 1387 | Adeia, Inc. | 20860 |
| 1075 | Alarm.com Holdings, Inc. (a) | 63027 |
| 5239 | AvePoint, Inc. (a) | 85710 |
| 8287 | Clear Secure, Inc., Class A | 300901 |
| 1567 | Commvault Systems, Inc. (a) | 292473 |
| 3745 | Intapp, Inc. (a) | 172233 |
| 1605 | InterDigital, Inc. | 436095 |
| 1750 | Life360, Inc. (a) | 158279 |
| 1558 | LiveRamp Holdings, Inc. (a) | 43499 |
| 21466 | Mitek Systems, Inc. (a) | 218309 |
| 13198 | OneSpan, Inc. | 199620 |
| 1328 | Q2 Holdings, Inc. (a) | 104553 |
| 4861 | Red Violet, Inc. | 244217 |
| 2401 | Sapiens International Corp. N.V. | 103003 |
| 4904 | Teradata Corp. (a) | 102886 |
| 9608 | Verint Systems, Inc. (a) | 195907 |
| 6336 | Yext, Inc. (a) | 57594 |
|  |  | 3002475 |
|  | **Specialized REITs — 0.5%**  |  |
| 3763 | EPR Properties | 204143 |
|  | **Specialty Retail — 3.1%**  |  |
| 1136 | Abercrombie & Fitch Co., <br> Class A (a) | 106250 |
| 2864 | Academy Sports & Outdoors, <br> Inc. | 153367 |
| 4726 | American Eagle Outfitters, Inc. | 61155 |
| 1709 | Buckle (The), Inc. | 96712 |
| 6840 | Caleres, Inc. | 102600 |
| 650 | Carvana Co. (a) | 241748 |
| 5400 | National Vision Holdings, <br> Inc. (a) | 123876 |
| 5065 | ODP (The) Corp. (a) | 102617 |
| 3623 | Sally Beauty Holdings, Inc. (a) | 50215 |
| 1548 | Signet Jewelers Ltd. | 136301 |
| 627 | Upbound Group, Inc. | 15932 |
| 2315 | Urban Outfitters, Inc. (a) | 155290 |
|  |  | 1346063 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 0.3%**  |  |
| 6747 | CompoSecure, Inc., Class A (a) | 129003 |

---

See Notes to Financial Statements

------

**First Trust Active Factor Small Cap ETF (AFSM)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Textiles, Apparel & Luxury** <br> **Goods — 1.0%**  |  |
| 969 | Carter's, Inc. | $27675 |
| 8045 | G-III Apparel Group Ltd. (a) | 217215 |
| 413 | Kontoor Brands, Inc. | 31904 |
| 1026 | Movado Group, Inc. | 18745 |
| 1479 | PVH Corp. | 124709 |
|  |  | 420248 |
|  | **Tobacco — 0.7%**  |  |
| 1956 | Turning Point Brands, Inc. | 194622 |
| 1863 | Universal Corp. | 104235 |
|  |  | 298857 |
|  | **Trading Companies &** <br> **Distributors — 2.4%**  |  |
| 1170 | Applied Industrial Technologies, <br> Inc. | 308389 |
| 2091 | Boise Cascade Co. | 181917 |
| 6874 | DNOW, Inc. (a) | 109984 |
| 2150 | DXP Enterprises, Inc. (a) | 268492 |
| 17921 | Hudson Technologies, Inc. (a) | 182077 |
|  |  | 1050859 |
|  | **Total Common Stocks** | 43601718 |
|  | (Cost $39,786,350) |  |
| **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** |
| 101161 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 4.13% (f) | 101161 |
|  | (Cost $101,161) |  |
|  | **Total Investments — 100.0%** | 43702879 |
|  | (Cost $39,887,511) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (7138)<br>|
|  | **Net Assets — 100.0%** | $43695741 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) 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 "Advisor").

&nbsp;&nbsp;&nbsp;&nbsp;(c) Restricted
 security as to resale, excluding Rule 144A securities
 (see Note 2E - Restricted Securities in the Notes to Financial
 Statements).

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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 August 31, 2025, securities noted as
 such are valued at $0 or 0.0% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(e) This
 security's value was determined using significant unobservable
 inputs (see Note 2A - Portfolio Valuation in the Notes
 to Financial Statements).

&nbsp;&nbsp;&nbsp;&nbsp;(f) Rate
 shown reflects yield as of August 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations throughout the Portfolio of Investments: <br> REITs – Real Estate Investment Trusts

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks: |  |  |  |  |
| Life Sciences Tools & <br> Services<br>| $371353 | $371353 | $— | $—\*\* |
| Other Industry <br> Categories\*<br>| 43230365 | 43230365 |  |  |
| Money Market Funds | 101161 | 101161 |  |  |
| Total Investments | $43702879 | $43702879 | $— | $—\*\* |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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.

See Notes to Financial Statements

------

**First Trust Innovation Leaders ETF (ILDR)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) — 98.9%** | **COMMON STOCKS (a) — 98.9%** | **COMMON STOCKS (a) — 98.9%** |
|  | **Aerospace & Defense — 1.8%**  |  |
| 2252 | AeroVironment, Inc. (b) | $543520 |
| 5067 | BWX Technologies, Inc. | 821057 |
| 20276 | Leonardo DRS, Inc. | 844698 |
|  |  | 2209275 |
|  | **Biotechnology — 8.6%**  |  |
| 66335 | 89bio, Inc. (b) | 599005 |
| 5338 | AbbVie, Inc. | 1123115 |
| 92899 | Amicus Therapeutics, Inc. (b) | 705103 |
| 1806 | Argenx SE (EUR) (b) | 1276161 |
| 3605 | Ascendis Pharma A/S, ADR (b) | 700343 |
| 22263 | Halozyme Therapeutics, Inc. (b) | 1628539 |
| 2384 | Madrigal Pharmaceuticals, <br> Inc. (b) | 1043834 |
| 15433 | Mirum Pharmaceuticals, Inc. (b) | 1140036 |
| 9015 | Neurocrine Biosciences, Inc. (b) | 1258494 |
| 2252 | Vertex Pharmaceuticals, Inc. (b) | 880577 |
|  |  | 10355207 |
|  | **Broadline Retail — 6.7%**  |  |
| 32938 | Amazon.com, Inc. (b) | 7542802 |
| 247 | MercadoLibre, Inc. (b) | 610809 |
|  |  | 8153611 |
|  | **Capital Markets — 1.9%**  |  |
| 4504 | Coinbase Global, Inc., <br> Class A (b) | 1371648 |
| 7758 | Tradeweb Markets, Inc., Class A | 957027 |
|  |  | 2328675 |
|  | **Communications Equipment** <br> **— 1.0%**  |  |
| 9015 | Arista Networks, Inc. (b) | 1230998 |
|  | **Consumer Staples Distribution** <br> **& Retail — 0.6%**  |  |
| 15772 | Maplebear, Inc. (b) | 684032 |
|  | **Electric Utilities — 3.7%**  |  |
| 5659 | Constellation Energy Corp. | 1742859 |
| 21496 | NextEra Energy, Inc. | 1548787 |
| 15772 | Oklo, Inc. (b) | 1161450 |
|  |  | 4453096 |
|  | **Electrical Equipment — 8.0%**  |  |
| 5581 | Eaton Corp. PLC | 1948550 |
| 1608 | GE Vernova, Inc. | 985656 |
| 20625 | NuScale Power Corp. (b) | 714656 |
| 15340 | Schneider Electric SE (EUR) | 3769631 |
| 20969 | Siemens Energy AG (EUR) (b) | 2225520 |
|  |  | 9644013 |
|  | **Energy Equipment & Services** <br> **— 0.9%**  |  |
| 16898 | Baker Hughes Co. | 767169 |
| 33795 | Liberty Energy, Inc. | 380194 |
|  |  | 1147363 |
|  | **Entertainment — 1.1%**  |  |
| 1143 | Netflix, Inc. (b) | 1381030 |
|  | **Financial Services — 4.2%**  |  |
| 727 | Adyen N.V. (EUR) (b) (c) (d) | 1219988 |
| 14236 | Block, Inc. (b) | 1133755 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Financial Services (Continued)**  |  |
| 37748 | Toast, Inc., Class A (b) | $1702435 |
| 2807 | Visa, Inc., Class A | 987446 |
|  |  | 5043624 |
|  | **Ground Transportation —** <br> **1.9%**  |  |
| 171765 | Grab Holdings Ltd., Class A (b) | 857107 |
| 15916 | Uber Technologies, Inc. (b) | 1492125 |
|  |  | 2349232 |
|  | **Health Care Equipment &** <br> **Supplies — 1.1%**  |  |
| 2812 | Intuitive Surgical, Inc. (b) | 1330906 |
|  | **Hotels, Restaurants & Leisure** <br> **— 0.6%**  |  |
| 5261 | Airbnb, Inc., Class A (b) | 686718 |
|  | **Interactive Media & Services** <br> **— 6.6%**  |  |
| 19680 | Alphabet, Inc., Class A | 4190069 |
| 3217 | Meta Platforms, Inc., Class A | 2376398 |
| 24216 | Pinterest, Inc., Class A (b) | 887032 |
| 2479 | Reddit, Inc., Class A (b) | 557973 |
|  |  | 8011472 |
|  | **IT Services — 4.8%**  |  |
| 8143 | Akamai Technologies, Inc. (b) | 644356 |
| 27375 | IONOS Group SE (EUR) (b) | 1221798 |
| 2815 | MongoDB, Inc. (b) | 888442 |
| 9015 | Okta, Inc. (b) | 836321 |
| 15420 | Shopify, Inc., Class A (b) | 2178538 |
|  |  | 5769455 |
|  | **Metals & Mining — 0.5%**  |  |
| 2369 | Carpenter Technology Corp. | 570645 |
|  | **Pharmaceuticals — 3.7%**  |  |
| 4957 | Eli Lilly & Co. | 3631399 |
| 9578 | Merck & Co., Inc. | 805701 |
|  |  | 4437100 |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 17.5%**  |  |
| 6756 | Advanced Micro Devices, <br> Inc. (b) | 1098729 |
| 11267 | Broadcom, Inc. | 3350693 |
| 78865 | indie Semiconductor, Inc., <br> Class A (b) | 357258 |
| 20165 | Marvell Technology, Inc. | 1267673 |
| 19373 | Micron Technology, Inc. | 2305581 |
| 47315 | NVIDIA Corp. | 8241327 |
| 17119 | QUALCOMM, Inc. | 2751537 |
| 16898 | Rambus, Inc. (b) | 1246565 |
| 31828 | Rigetti Computing, Inc. (b) | 516568 |
|  |  | 21135931 |
|  | **Software — 22.3%**  |  |
| 6623 | Agilysys, Inc. (b) | 722702 |
| 5184 | Atlassian Corp., Class A (b) | 921612 |
| 56330 | Cellebrite DI Ltd. (b) | 923812 |
| 10312 | Confluent, Inc., Class A (b) | 204796 |
| 3980 | CyberArk Software Ltd. (b) | 1803975 |
| 6886 | Datadog, Inc., Class A (b) | 941179 |
| 25762 | Dynatrace, Inc. (b) | 1303557 |

---

See Notes to Financial Statements

------

**First Trust Innovation Leaders ETF (ILDR)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** | **COMMON STOCKS (a) (Continued)** |
|  | **Software (Continued)**  |  |
| 19713 | Intapp, Inc. (b) | $906601 |
| 8167 | Microsoft Corp. | 4138137 |
| 3378 | Monday.com Ltd. (b) | 651954 |
| 27039 | Oracle Corp. | 6114329 |
| 6237 | Palo Alto Networks, Inc. (b) | 1188273 |
| 34239 | Sage Group (The) PLC (GBP) | 502807 |
| 49596 | SEMrush Holdings, Inc., <br> Class A (b) | 391808 |
| 3152 | ServiceNow, Inc. (b) | 2891834 |
| 3296 | SPS Commerce, Inc. (b) | 363549 |
| 1016 | Synopsys, Inc. (b) | 613176 |
| 5630 | Workday, Inc., Class A (b) | 1299517 |
| 3860 | Zscaler, Inc. (b) | 1069413 |
|  |  | 26953031 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 0.7%**  |  |
| 19150 | IonQ, Inc. (b) | 818471 |
|  | **Trading Companies &** <br> **Distributors — 0.7%**  |  |
| 17186 | Xometry, Inc., Class A (b) | 850363 |
|  | **Total Common Stocks** | 119544248 |
|  | (Cost $103,709,983) |  |
| **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** |
| 1291376 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 4.13% (e) | 1291376 |
|  | (Cost $1,291,376) |  |
|  | **Total Investments — 100.0%** | 120835624 |
|  | (Cost $105,001,359) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (31579)<br>|
|  | **Net Assets — 100.0%** | $120804045 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities
 are issued in U.S. dollars unless otherwise indicated
 in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) This
 security may be resold to qualified foreign investors and foreign
 institutional buyers under Regulation S of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Rate
 shown reflects yield as of August 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| ADR | – American Depositary Receipt |
| EUR | – Euro |
| GBP | – British Pound Sterling |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Country Allocation**<sup>†</sup> <br>| **% of Net** <br>**Assets**<br>|
| United States | 84.1% |
| France | 3.1 |
| Germany | 2.8 |
| Israel | 2.8 |
| Netherlands | 2.1 |
| Canada | 1.8 |
| Ireland | 1.6 |
| Cayman Islands | 0.7 |
| Denmark | 0.6 |
| United Kingdom | 0.4 |
| Total Investments | 100.0 |
| Net Other Assets and Liabilities | (0.0)<sup>†</sup><sup>†</sup> <br>|
| Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <sup>†</sup> <br>| Portfolio securities are categorized based upon their country <br> of incorporation.<br>|
| <sup>†</sup><sup>†</sup> <br>| Amount is less than 0.1%. |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $119544248 | $119544248 | $— | $— |
| Money Market Funds | 1291376 | 1291376 |  |  |
| Total Investments | $120835624 | $120835624 | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**First Trust Expanded Technology ETF (XPND)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.7%** | **COMMON STOCKS — 99.7%** | **COMMON STOCKS — 99.7%** |
|  | **Communications Equipment** <br> **— 8.5%**  |  |
| 6096 | Arista Networks, Inc. (a) | $832409 |
| 19219 | Cisco Systems, Inc. | 1327841 |
| 247 | F5, Inc. (a) | 77345 |
| 810 | Motorola Solutions, Inc. | 382693 |
|  |  | 2620288 |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 3.6%**  |  |
| 5870 | Amphenol Corp., Class A | 639008 |
| 390 | CDW Corp. | 64256 |
| 1417 | Corning, Inc. | 94981 |
| 418 | Jabil, Inc. | 85619 |
| 141 | Teledyne Technologies, Inc. (a) | 75882 |
| 986 | Trimble, Inc. (a) | 79689 |
| 241 | Zebra Technologies Corp., <br> Class A (a) | 76419 |
|  |  | 1115854 |
|  | **Entertainment — 7.8%**  |  |
| 1047 | Netflix, Inc. (a) | 1265038 |
| 8725 | Walt Disney (The) Co. | 1032865 |
| 2668 | Warner Music Group Corp., <br> Class A | 88978 |
|  |  | 2386881 |
|  | **Financial Services — 8.3%**  |  |
| 389 | Jack Henry & Associates, Inc. | 63508 |
| 2159 | Mastercard, Inc., Class A | 1285231 |
| 3461 | Visa, Inc., Class A | 1217511 |
|  |  | 2566250 |
|  | **Interactive Media & Services** <br> **— 9.8%**  |  |
| 7361 | Alphabet, Inc., Class A | 1567231 |
| 1952 | Meta Platforms, Inc., Class A | 1441942 |
|  |  | 3009173 |
|  | **IT Services — 3.8%**  |  |
| 161 | Gartner, Inc. (a) | 40442 |
| 385 | GoDaddy, Inc., Class A (a) | 57099 |
| 4413 | International Business Machines <br> Corp. | 1074521 |
|  |  | 1172062 |
|  | **Media — 1.1%**  |  |
| 670 | Charter Communications, Inc., <br> Class A (a) | 177939 |
| 1278 | Fox Corp., Class A | 76297 |
| 956 | Omnicom Group, Inc. | 74883 |
|  |  | 329119 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 17.3%**  |  |
| 5222 | Broadcom, Inc. | $1552971 |
| 642 | KLA Corp. | 559824 |
| 6208 | Lam Research Corp. | 621731 |
| 106 | Monolithic Power Systems, Inc. | 88590 |
| 9356 | NVIDIA Corp. | 1629628 |
| 5292 | QUALCOMM, Inc. | 850583 |
|  |  | 5303327 |
|  | **Software — 29.9%**  |  |
| 2069 | Adobe, Inc. (a) | 738012 |
| 1642 | AppLovin Corp., Class A (a) | 785845 |
| 1039 | Autodesk, Inc. (a) | 326973 |
| 1472 | Bentley Systems, Inc., Class B | 81917 |
| 1326 | Cadence Design Systems, <br> Inc. (a) | 464670 |
| 1209 | Crowdstrike Holdings, Inc., <br> Class A (a) | 512253 |
| 3714 | Fortinet, Inc. (a) | 292552 |
| 2466 | Gen Digital, Inc. | 74473 |
| 1353 | Intuit, Inc. | 902451 |
| 2747 | Microsoft Corp. | 1391878 |
| 7637 | Oracle Corp. | 1726955 |
| 3237 | Palo Alto Networks, Inc. (a) | 616713 |
| 522 | Roper Technologies, Inc. | 274734 |
| 1007 | ServiceNow, Inc. (a) | 923882 |
| 122 | Tyler Technologies, Inc. (a) | 68671 |
|  |  | 9181979 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 5.3%**  |  |
| 6295 | Apple, Inc. | 1461321 |
| 4065 | Hewlett Packard Enterprise Co. | 91747 |
| 708 | NetApp, Inc. | 79856 |
|  |  | 1632924 |
|  | **Wireless Telecommunication** <br> **Services — 4.3%**  |  |
| 5220 | T-Mobile US, Inc. | 1315388 |
|  | **Total Common Stocks** | 30633245 |
|  | (Cost $24,968,135) |  |
| **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** |
| 80847 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 4.13% (b) | 80847 |
|  | (Cost $80,847) |  |
|  | **Total Investments — 100.0%** | 30714092 |
|  | (Cost $25,048,982) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.0%** | 2296 |
|  | **Net Assets — 100.0%** | $30716388 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Financial Statements

------

**First Trust Expanded Technology ETF (XPND)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $30633245 | $30633245 | $— | $— |
| Money Market Funds | 80847 | 80847 |  |  |
| Total Investments | $30714092 | $30714092 | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**First Trust Multi-Strategy Alternative ETF (LALT)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **EXCHANGE-TRADED FUNDS — 99.8%** | **EXCHANGE-TRADED FUNDS — 99.8%** | **EXCHANGE-TRADED FUNDS — 99.8%** |
|  | **Capital Markets — 99.8%** |  |
| 164266 | First Trust Alternative Absolute <br> Return Strategy ETF (a) | $4885271 |
| 51631 | First Trust Global Tactical <br> Commodity Strategy Fund (a) | 1317623 |
| 68937 | First Trust Long/Short Equity <br> ETF (a) | 4664277 |
| 27968 | First Trust Low Duration <br> Opportunities ETF (a) | 1387492 |
| 100193 | First Trust Managed Futures <br> Strategy Fund (a) | 4769287 |
| 77900 | First Trust Merger Arbitrage <br> ETF (a) | 1616986 |
| 16597 | iShares 7-10 Year Treasury <br> Bond ETF | 1595802 |
| 27275 | iShares Gold Trust (b) | 1775603 |
|  | **Total Investments — 99.8%** | 22012341 |
|  | (Cost $21,119,980) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.2%** | 42396 |
|  | **Net Assets — 100.0%** | $22054737 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Investment
 in an affiliated fund.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Non-income
 producing security.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Exchange-Traded Funds\* | $22012341 | $22012341 | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Assets and Liabilities**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **First Trust** <br> **Active Factor** <br> **Large Cap ETF** <br>**(AFLG)** <br>| **First Trust** <br> **Active Factor** <br> **Mid Cap ETF** <br>**(AFMC)** <br>| **First Trust** <br> **Active Factor** <br> **Small Cap ETF** <br>**(AFSM)** <br>|
| **ASSETS:** |  |  |  |
| Investments, at value - Unaffiliated | $398452854 | &nbsp;&nbsp; $82000068 | &nbsp;&nbsp; $43702879 |
| Investments, at value - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total investments, at value | 398452854 | &nbsp;&nbsp; 82000068 | &nbsp;&nbsp; 43702879 |
| Cash |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Due from broker |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Receivables: |  |  |  |
| Dividends | 403107 | &nbsp;&nbsp; 100093 | &nbsp;&nbsp; 14049 |
| Reclaims | 273 | &nbsp;&nbsp; — | &nbsp;&nbsp; 265 |
| Capital shares sold |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 1618327 |
| Total Assets | 398856234 | &nbsp;&nbsp; 82100161 | &nbsp;&nbsp; 45335520 |
| **LIABILITIES:** |  |  |  |
| Payables: |  |  |  |
| Investment advisory fees | 178458 | &nbsp;&nbsp; 44923 | &nbsp;&nbsp; 25784 |
| Investment securities purchased |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 1613995 |
| Total Liabilities | 178458 | &nbsp;&nbsp; 44923 | &nbsp;&nbsp; 1639779 |
| **NET ASSETS** | $398677776 | &nbsp;&nbsp; $82055238 | &nbsp;&nbsp; $43695741 |
| **NET ASSETS consist of:** |  |  |  |
| Paid-in capital | $371789997 | &nbsp;&nbsp; $79242513 | &nbsp;&nbsp; $42781475 |
| Par value | 106000 | &nbsp;&nbsp; 24500 | &nbsp;&nbsp; 13500 |
| Accumulated distributable earnings (loss) | 26781779 | &nbsp;&nbsp; 2788225 | &nbsp;&nbsp; 900766 |
| **NET ASSETS** | $398677776 | &nbsp;&nbsp; $82055238 | &nbsp;&nbsp; $43695741 |
| **NET ASSET VALUE,** per share | $37.61 | &nbsp;&nbsp; $33.49 | &nbsp;&nbsp; $32.37 |
| Number of shares outstanding (unlimited number of shares authorized, <br> par value $0.01 per share)<br>| 10600002 | &nbsp;&nbsp; 2450002 | &nbsp;&nbsp; 1350002 |
| Investments, at cost - Unaffiliated | $366464885 | &nbsp;&nbsp; $75970310 | &nbsp;&nbsp; $39887511 |
| Investments, at cost - Affiliated | $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Total investments, at cost | $366464885 | &nbsp;&nbsp; $75970310 | &nbsp;&nbsp; $39887511 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **First Trust** <br> **Innovation** <br> **Leaders ETF** <br>**(ILDR)** <br>| **First Trust** <br> **Expanded** <br> **Technology ETF** <br>**(XPND)** <br>| **First Trust** <br> **Multi-Strategy** <br> **Alternative ETF** <br>**(LALT)** <br>|
| $120835624 | &nbsp;&nbsp; $30714092 | &nbsp;&nbsp; $3371405 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; 18640936 |
| 120835624 | &nbsp;&nbsp; 30714092 | &nbsp;&nbsp; 22012341 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; 45994 |
| 129239 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 35974 | &nbsp;&nbsp; 18797 | &nbsp;&nbsp; — |
| 121000837 | &nbsp;&nbsp; 30732889 | &nbsp;&nbsp; 22058335 |
| 67553 | &nbsp;&nbsp; 16501 | &nbsp;&nbsp; 3598 |
| 129239 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 196792 | &nbsp;&nbsp; 16501 | &nbsp;&nbsp; 3598 |
| $120804045 | &nbsp;&nbsp; $30716388 | &nbsp;&nbsp; $22054737 |
| $108081336 | &nbsp;&nbsp; $28138759 | &nbsp;&nbsp; $21124951 |
| 40000 | &nbsp;&nbsp; 9000 | &nbsp;&nbsp; 10000 |
| 12682709 | &nbsp;&nbsp; 2568629 | &nbsp;&nbsp; 919786 |
| $120804045 | &nbsp;&nbsp; $30716388 | &nbsp;&nbsp; $22054737 |
| $30.20 | &nbsp;&nbsp; $34.13 | &nbsp;&nbsp; $22.05 |
| 4000002 | &nbsp;&nbsp; 900002 | &nbsp;&nbsp; 1000002 |
| $105001359 | &nbsp;&nbsp; $25048982 | &nbsp;&nbsp; $2997885 |
| $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $18122095 |
| $105001359 | &nbsp;&nbsp; $25048982 | &nbsp;&nbsp; $21119980 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Operations**

**For the Year Ended August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **First Trust** <br> **Active Factor** <br> **Large Cap ETF** <br>**(AFLG)** <br>| **First Trust** <br> **Active Factor** <br> **Mid Cap ETF** <br>**(AFMC)** <br>| **First Trust** <br> **Active Factor** <br> **Small Cap ETF** <br>**(AFSM)** <br>|
| **INVESTMENT INCOME:** |  |  |  |
| Dividends - Unaffiliated | $2961628 | &nbsp;&nbsp; $818139 | &nbsp;&nbsp; $522226 |
| Dividends - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Foreign withholding tax | (1008)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1708)<br>|
| Total investment income | 2960620 | &nbsp;&nbsp; 818139 | &nbsp;&nbsp; 520518 |
| **EXPENSES:** |  |  |  |
| Investment advisory fees | 1024160<br>| &nbsp;&nbsp; 285243<br>| &nbsp;&nbsp; 238635<br>|
| Excise tax expense |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total expenses | 1024160 | &nbsp;&nbsp; 285243 | &nbsp;&nbsp; 238635 |
| **NET INVESTMENT INCOME (LOSS)** | 1936460 | &nbsp;&nbsp; 532896 | &nbsp;&nbsp; 281883 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS):** |  |  |  |
| Net realized gain (loss) on: |  |  |  |
| Investments - Unaffiliated | (5774187)<br>| &nbsp;&nbsp; (3006879)<br>| &nbsp;&nbsp; (2452851)<br>|
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| In-kind redemptions - Unaffiliated | 4889585 | &nbsp;&nbsp; 2190287 | &nbsp;&nbsp; 1931756 |
| In-kind redemptions - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Foreign currency transactions |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net realized gain (loss) | (884602)<br>| &nbsp;&nbsp; (816592)<br>| &nbsp;&nbsp; (521095)<br>|
| Net change in unrealized appreciation (depreciation) on: |  |  |  |
| Investments - Unaffiliated | 30820361 | &nbsp;&nbsp; 5510913 | &nbsp;&nbsp; 2280079 |
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Foreign currency translation |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net change in unrealized appreciation (depreciation) | 30820361 | &nbsp;&nbsp; 5510913 | &nbsp;&nbsp; 2280079 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** | 29935759 | &nbsp;&nbsp; 4694321 | &nbsp;&nbsp; 1758984 |
| **NET INCREASE (DECREASE) IN NET ASSETS RESULTING** <br> **FROM OPERATIONS**<br>| $31872219 | &nbsp;&nbsp; $5227217 | &nbsp;&nbsp; $2040867 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **First Trust** <br> **Innovation** <br> **Leaders ETF** <br>**(ILDR)** <br>| **First Trust** <br> **Expanded** <br> **Technology ETF** <br>**(XPND)** <br>| **First Trust** <br> **Multi-Strategy** <br> **Alternative ETF** <br>**(LALT)** <br>|
| $304125 | &nbsp;&nbsp; $195702 | &nbsp;&nbsp; $37006 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; 387869 |
| (4354)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 299771 | &nbsp;&nbsp; 195702 | &nbsp;&nbsp; 424875 |
| 463000<br>| &nbsp;&nbsp; 161560<br>| &nbsp;&nbsp; 31972<br>|
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; 1300 |
| 463000 | &nbsp;&nbsp; 161560 | &nbsp;&nbsp; 33272 |
| (163229)<br>| &nbsp;&nbsp; 34142 | &nbsp;&nbsp; 391603 |
| (2234513)<br>| &nbsp;&nbsp; (162485)<br>| &nbsp;&nbsp; 14134 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; (72799)<br>|
| 6699841 | &nbsp;&nbsp; 2409828 | &nbsp;&nbsp; 191161 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; 56948 |
| (86)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 4465242 | &nbsp;&nbsp; 2247343 | &nbsp;&nbsp; 189444 |
| 8989419 | &nbsp;&nbsp; 2006957 | &nbsp;&nbsp; 260082 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; 458623 |
| (8)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 8989411 | &nbsp;&nbsp; 2006957 | &nbsp;&nbsp; 718705 |
| 13454653 | &nbsp;&nbsp; 4254300 | &nbsp;&nbsp; 908149 |
| $13291424 | &nbsp;&nbsp; $4288442 | &nbsp;&nbsp; $1299752 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **First Trust Active Factor Large** <br> **Cap ETF (AFLG)** | **First Trust Active Factor Large** <br> **Cap ETF (AFLG)** | **First Trust Active Factor Mid Cap** <br> **ETF (AFMC)** | **First Trust Active Factor Mid Cap** <br> **ETF (AFMC)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $1936460 | &nbsp;&nbsp; $77024 | &nbsp;&nbsp; $532896 | &nbsp;&nbsp; $81220 |
| Net realized gain (loss) | (884602)<br>| &nbsp;&nbsp; 1235418 | &nbsp;&nbsp; (816592)<br>| &nbsp;&nbsp; 2459043 |
| Net change in unrealized appreciation (depreciation) | 30820361 | &nbsp;&nbsp; 641259 | &nbsp;&nbsp; 5510913 | &nbsp;&nbsp; (48392)<br>|
| Net increase (decrease) in net assets resulting from <br> operations<br>| 31872219 | &nbsp;&nbsp; 1953701 | &nbsp;&nbsp; 5227217 | &nbsp;&nbsp; 2491871 |
| **DISTRIBUTIONS TO SHAREHOLDERS FROM:** |  |  |  |  |
| Investment operations | (1236126)<br>| &nbsp;&nbsp; (60871)<br>| &nbsp;&nbsp; (390260)<br>| &nbsp;&nbsp; (66210)<br>|
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 396380052<br>| &nbsp;&nbsp; 15771837<br>| &nbsp;&nbsp; 76031161<br>| &nbsp;&nbsp; 26091409<br>|
| Cost of shares redeemed | (46662472) <br>| &nbsp;&nbsp; (4484731) <br>| &nbsp;&nbsp; (13041366) <br>| &nbsp;&nbsp; (20575596) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 349717580 | &nbsp;&nbsp; 11287106 | &nbsp;&nbsp; 62989795 | &nbsp;&nbsp; 5515813 |
| Total increase (decrease) in net assets | 380353673 | &nbsp;&nbsp; 13179936 | &nbsp;&nbsp; 67826752 | &nbsp;&nbsp; 7941474 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 18324103 | &nbsp;&nbsp; 5144167 | &nbsp;&nbsp; 14228486 | &nbsp;&nbsp; 6287012 |
| End of period | $398677776 | &nbsp;&nbsp; $18324103 | &nbsp;&nbsp; $82055238 | &nbsp;&nbsp; $14228486 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 550002 | &nbsp;&nbsp; 200002 | &nbsp;&nbsp; 450002 | &nbsp;&nbsp; 250002 |
| Shares sold | 11400000 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 2400000 | &nbsp;&nbsp; 900000 |
| Shares redeemed | (1350000)<br>| &nbsp;&nbsp; (150000)<br>| &nbsp;&nbsp; (400000)<br>| &nbsp;&nbsp; (700000)<br>|
| Shares outstanding, end of period | 10600002 | &nbsp;&nbsp; 550002 | &nbsp;&nbsp; 2450002 | &nbsp;&nbsp; 450002 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **First Trust Active Factor Small** <br> **Cap ETF (AFSM)** | **First Trust Active Factor Small** <br> **Cap ETF (AFSM)** | **First Trust Innovation Leaders** <br> **ETF (ILDR)** | **First Trust Innovation Leaders** <br> **ETF (ILDR)** |
| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| $281883 | &nbsp;&nbsp; $57736 | &nbsp;&nbsp; $(163229)<br>| &nbsp;&nbsp; $(81337)<br>|
| (521095)<br>| &nbsp;&nbsp; 106025 | &nbsp;&nbsp; 4465242 | &nbsp;&nbsp; 506525 |
| 2280079 | &nbsp;&nbsp; 1254158 | &nbsp;&nbsp; 8989411 | &nbsp;&nbsp; 6541757 |
| 2040867 | &nbsp;&nbsp; 1417919 | &nbsp;&nbsp; 13291424 | &nbsp;&nbsp; 6966945 |
| (228345)<br>| &nbsp;&nbsp; (48515)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 36935126<br>| &nbsp;&nbsp; 10145548<br>| &nbsp;&nbsp; 89160185<br>| &nbsp;&nbsp; 19770642<br>|
| (10334808) <br>| &nbsp;&nbsp; —<br>| &nbsp;&nbsp; (21794952) <br>| &nbsp;&nbsp; (2079413) <br>|
| 26600318 | &nbsp;&nbsp; 10145548 | &nbsp;&nbsp; 67365233 | &nbsp;&nbsp; 17691229 |
| 28412840 | &nbsp;&nbsp; 11514952 | &nbsp;&nbsp; 80656657 | &nbsp;&nbsp; 24658174 |
| 15282901 | &nbsp;&nbsp; 3767949 | &nbsp;&nbsp; 40147388 | &nbsp;&nbsp; 15489214 |
| $43695741 | &nbsp;&nbsp; $15282901 | &nbsp;&nbsp; $120804045 | &nbsp;&nbsp; $40147388 |
| 500002 | &nbsp;&nbsp; 150002 | &nbsp;&nbsp; 1700002 | &nbsp;&nbsp; 850002 |
| 1200000 | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 3150000 | &nbsp;&nbsp; 950000 |
| (350000)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (850000)<br>| &nbsp;&nbsp; (100000)<br>|
| 1350002 | &nbsp;&nbsp; 500002 | &nbsp;&nbsp; 4000002 | &nbsp;&nbsp; 1700002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets (Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **First Trust Expanded Technology** <br> **ETF (XPND)** | **First Trust Expanded Technology** <br> **ETF (XPND)** | **First Trust Multi-Strategy** <br> **Alternative ETF (LALT)** | **First Trust Multi-Strategy** <br> **Alternative ETF (LALT)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $34142 | &nbsp;&nbsp; $15815 | &nbsp;&nbsp; $391603 | &nbsp;&nbsp; $120646 |
| Net realized gain (loss) | 2247343 | &nbsp;&nbsp; 875249 | &nbsp;&nbsp; 189444 | &nbsp;&nbsp; (26138)<br>|
| Net change in unrealized appreciation (depreciation) | 2006957 | &nbsp;&nbsp; 2628873 | &nbsp;&nbsp; 718705 | &nbsp;&nbsp; 169671 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 4288442 | &nbsp;&nbsp; 3519937 | &nbsp;&nbsp; 1299752 | &nbsp;&nbsp; 264179 |
| **DISTRIBUTIONS TO SHAREHOLDERS FROM:** |  |  |  |  |
| Investment operations | (35335)<br>| &nbsp;&nbsp; (9824)<br>| &nbsp;&nbsp; (349696)<br>| &nbsp;&nbsp; (68991)<br>|
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 14138439<br>| &nbsp;&nbsp; 14716082<br>| &nbsp;&nbsp; 16916419<br>| &nbsp;&nbsp; 9210879<br>|
| Cost of shares redeemed | (8740856) <br>| &nbsp;&nbsp; (3689086) <br>| &nbsp;&nbsp; (6228595) <br>| &nbsp;&nbsp; —<br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 5397583 | &nbsp;&nbsp; 11026996 | &nbsp;&nbsp; 10687824 | &nbsp;&nbsp; 9210879 |
| Total increase (decrease) in net assets | 9650690 | &nbsp;&nbsp; 14537109 | &nbsp;&nbsp; 11637880 | &nbsp;&nbsp; 9406067 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 21065698 | &nbsp;&nbsp; 6528589 | &nbsp;&nbsp; 10416857 | &nbsp;&nbsp; 1010790 |
| End of period | $30716388 | &nbsp;&nbsp; $21065698 | &nbsp;&nbsp; $22054737 | &nbsp;&nbsp; $10416857 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 750002 | &nbsp;&nbsp; 300002 | &nbsp;&nbsp; 500002 | &nbsp;&nbsp; 50002 |
| Shares sold | 450000 | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 800000 | &nbsp;&nbsp; 450000 |
| Shares redeemed | (300000)<br>| &nbsp;&nbsp; (150000)<br>| &nbsp;&nbsp; (300000)<br>| &nbsp;&nbsp; — |
| Shares outstanding, end of period | 900002 | &nbsp;&nbsp; 750002 | &nbsp;&nbsp; 1000002 | &nbsp;&nbsp; 500002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights**

**For a share outstanding throughout each period**

**First Trust Active Factor Large Cap ETF (AFLG)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $33.32 | &nbsp;&nbsp;&nbsp;&nbsp; $25.72 | &nbsp;&nbsp;&nbsp;&nbsp; $23.49 | &nbsp;&nbsp;&nbsp;&nbsp; $26.72 | &nbsp;&nbsp;&nbsp;&nbsp; $20.99 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 0.36<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.31<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.35<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.30<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.27<br>|
| Net realized and unrealized gain (loss) | 4.20<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.62<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.25<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.26) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.72<br>|
| Total from investment operations | 4.56<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.93<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.60<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.96) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.99<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (0.27) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.33) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.37) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.27) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.26) <br>|
| Net asset value, end of period | $37.61<br>| &nbsp;&nbsp;&nbsp;&nbsp; $33.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; $25.72<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.49<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.72<br>|
| **Total return** (b) | 13.76<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 31.10<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 11.22<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (11.18)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 28.74<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $398678<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18324<br>| &nbsp;&nbsp;&nbsp;&nbsp; $5144<br>| &nbsp;&nbsp;&nbsp;&nbsp; $4698<br>| &nbsp;&nbsp;&nbsp;&nbsp; $4007<br>|
| Ratio of total expenses to average net assets | 0.55<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.55<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.55<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.55<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.55<br> % <br>|
| Ratio of net investment income (loss) to average net assets | 1.04<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.04<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.47<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.24<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.12<br> % <br>|
| Portfolio turnover rate (c) | 37<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 48<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 55<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 61<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 70<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**First Trust Active Factor Mid Cap ETF (AFMC)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $31.62 | &nbsp;&nbsp;&nbsp;&nbsp; $25.15 | &nbsp;&nbsp;&nbsp;&nbsp; $22.20 | &nbsp;&nbsp;&nbsp;&nbsp; $26.12 | &nbsp;&nbsp;&nbsp;&nbsp; $18.37 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 0.38<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.24<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.23<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.19<br>|
| Net realized and unrealized gain (loss) | 1.80<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.46<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.97<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.96) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.76<br>|
| Total from investment operations | 2.18<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.70<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.20<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.64) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.95<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (0.31) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.23) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.25) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.28) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20) <br>|
| Net asset value, end of period | $33.49<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.62<br>| &nbsp;&nbsp;&nbsp;&nbsp; $25.15<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.20<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.12<br>|
| **Total return** (b) | 6.96<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 26.81<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.59<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (14.04)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 43.52<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $82055<br>| &nbsp;&nbsp;&nbsp;&nbsp; $14228<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6287<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1110<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1306<br>|
| Ratio of total expenses to average net assets | 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>|
| Ratio of net investment income (loss) to average net assets | 1.21<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.84<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.96<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.21<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.81<br> % <br>|
| Portfolio turnover rate (c) | 52<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 49<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 80<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 80<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**First Trust Active Factor Small Cap ETF (AFSM)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $30.57 | &nbsp;&nbsp;&nbsp;&nbsp; $25.12 | &nbsp;&nbsp;&nbsp;&nbsp; $22.94 | &nbsp;&nbsp;&nbsp;&nbsp; $26.72 | &nbsp;&nbsp;&nbsp;&nbsp; $18.45 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 0.26<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.22<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.31<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.25<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.05<br>|
| Net realized and unrealized gain (loss) | 1.75<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.46<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.17<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.85) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.30<br>|
| Total from investment operations | 2.01<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.68<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.48<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.60) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.35<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (0.21) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.23) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.30) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.18) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.08) <br>|
| Net asset value, end of period | $32.37<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.57<br>| &nbsp;&nbsp;&nbsp;&nbsp; $25.12<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.94<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.72<br>|
| **Total return** (b) | 6.64<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 22.72<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 10.97<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (13.52)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 45.40<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $43696<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15283<br>| &nbsp;&nbsp;&nbsp;&nbsp; $3768<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2294<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2672<br>|
| Ratio of total expenses to average net assets | 0.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % (c)<br>|
| Ratio of net investment income (loss) to average net assets | 0.89<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.81<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.30<br> % (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.01<br> % (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.27<br> % (c)<br>|
| Portfolio turnover rate (d) | 65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 79<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 59<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 73<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 86<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**First Trust Innovation Leaders ETF (ILDR)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $23.62 | &nbsp;&nbsp;&nbsp;&nbsp; $18.22 | &nbsp;&nbsp;&nbsp;&nbsp; $15.18 | &nbsp;&nbsp;&nbsp;&nbsp; $22.95 | &nbsp;&nbsp;&nbsp;&nbsp; $20.07 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.07) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.07) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.04) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.08) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.02) <br>|
| Net realized and unrealized gain (loss) | 6.65<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.47<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.08<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7.66) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.90<br>|
| Total from investment operations | 6.58<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.40<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.04<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7.74) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.88<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.00) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Net realized gain | —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.03) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Total distributions | —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.03) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Net asset value, end of period | $30.20<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.62<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.22<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.18<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.95<br>|
| **Total return** (d) | 27.86<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 29.64<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 20.03<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (33.75)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.35<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $120804<br>| &nbsp;&nbsp;&nbsp;&nbsp; $40147<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15489<br>| &nbsp;&nbsp;&nbsp;&nbsp; $3036<br>| &nbsp;&nbsp;&nbsp;&nbsp; $3443<br>|
| Ratio of total expenses to average net assets | 0.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % (e)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % (f)<br>|
| Ratio of net investment income (loss) to average net assets | (0.26)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.32)% (e)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.24)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.51)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.49)% (f)<br>|
| Portfolio turnover rate (g) | 57<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 43<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 51<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 58<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is May 25, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Amount
 represents less than $0.01.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(e) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**First Trust Expanded Technology ETF (XPND)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $28.09 | &nbsp;&nbsp;&nbsp;&nbsp; $21.76 | &nbsp;&nbsp;&nbsp;&nbsp; $17.00 | &nbsp;&nbsp;&nbsp;&nbsp; $21.87 | &nbsp;&nbsp;&nbsp;&nbsp; $20.18 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 0.04<br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.03<br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.06<br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.00) (c)<br>|
| Net realized and unrealized gain (loss) | 6.05<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.77<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4.89) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.69<br>|
| Total from investment operations | 6.09<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.35<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.83<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4.85) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.69<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (0.05) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.02) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.07) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.02) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Net asset value, end of period | $34.13<br>| &nbsp;&nbsp;&nbsp;&nbsp; $28.09<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.76<br>| &nbsp;&nbsp;&nbsp;&nbsp; $17.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.87<br>|
| **Total return** (d) | 21.68<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 29.18<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 28.55<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (22.19)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.37<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $30716<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21066<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6529<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15300<br>| &nbsp;&nbsp;&nbsp;&nbsp; $16399<br>|
| Ratio of total expenses to average net assets | 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % (e)<br>|
| Ratio of net investment income (loss) to average net assets | 0.14<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.11<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.36<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.19<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.03)% (e)<br>|
| Portfolio turnover rate (f) | 71<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 61<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 81<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 88<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is June 14, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Amount
 represents less than $0.01.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**First Trust Multi-Strategy Alternative ETF (LALT)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Year** <br>**Ended**  | **Year** <br>**Ended**  | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
|  | **8/31/2025** | **8/31/2024** | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
| Net asset value, beginning of period | $20.83 | &nbsp;&nbsp;&nbsp;&nbsp; $20.21 | &nbsp;&nbsp;&nbsp;&nbsp; $20.01 |
| **Income from investment operations:** |  |  |  |
| Net investment income (loss) (b) | 0.52<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.23<br>|
| Net realized and unrealized gain (loss) | 1.20<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.59<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.06<br>|
| Total from investment operations | 1.72<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.08<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.29<br>|
| **Distributions paid to shareholders from:** |  |  |  |
| Net investment income | (0.50) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.46) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.09) <br>|
| Net asset value, end of period | $22.05<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.83<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.21<br>|
| **Total return** (c) | 8.37<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.49<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.47<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |
| Net assets, end of period (in 000's) | $22055<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10417<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1011<br>|
| Ratio of total expenses to average net assets (d) | 0.21<br> % (e)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % (f)<br>|
| Ratio of net investment income (loss) to average net assets (d) | 2.45<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.39<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.97<br> % (f)<br>|
| Portfolio turnover rate (g) | 31<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 21<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 17<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is January 31, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Includes
 excise tax. If this excise tax expense was not included, the expense ratio would have been 0.20%.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**Notes to Financial Statements**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization**

First Trust Exchange-Traded Fund VIII (the "Trust") is an open-end management investment company organized as a Massachusetts business trust on February 22, 2016, 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 six funds (each a "Fund" and collectively, the "Funds"). AFLG, AFMC and AFSM are each a diversified series of the Trust, and ILDR, XPND and LALT are each a non-diversified series of the Trust. The shares of each Fund are listed and traded on the NYSE Arca, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| First Trust Active Factor Large Cap ETF – (ticker "AFLG") |
| First Trust Active Factor Mid Cap ETF – (ticker "AFMC") |
| First Trust Active Factor Small Cap ETF – (ticker "AFSM") |
| First Trust Innovation Leaders ETF – (ticker "ILDR") |
| First Trust Expanded Technology ETF – (ticker "XPND") |
| First Trust Multi-Strategy Alternative ETF – (ticker "LALT") |

---

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."

Each Fund is an actively managed exchange-traded fund. AFLG, AFMC, AFSM, and ILDR's investment objective seeks to provide capital appreciation. XPND's investment objective seeks to provide long-term capital appreciation. LALT's investment objective is long-term total return.

Under normal market conditions, AFLG will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies.

Under normal market conditions, AFMC will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by mid capitalization companies.

Under normal market conditions, AFSM will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by small capitalization companies.

Under normal market conditions, ILDR will invest at least 80% of its net assets (plus any borrowings for investment purposes) in common stock and depository receipts issued by U.S. and non-U.S. companies that may benefit from the development or application of scientific and technological innovation.

Under normal market conditions, XPND will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks of companies identified by the Fund's investment advisor as either information technology companies or financial companies and communication services companies whose operations are principally derived from and/or dependent upon technology.

Under normal market conditions, LALT allocates its assets amongst a variety of alternative asset categories and strategies in an effort to provide lower correlation and diversifying risk exposures compared to traditional equity and fixed income benchmarks (e.g., the S&P 500<sup>®</sup> Index or Bloomberg Aggregate Bond Index) over various market cycles.

There can be no assurance that a Fund will achieve its investment objective. The Funds may not be appropriate for all investors.

**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.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**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, exchange-traded funds and other equity securities listed on any national or foreign exchange (excluding Nasdaq, Inc. ("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.

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 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.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

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.

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.

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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 August 31, 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. Interest income, if any, is recorded 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 real estate investment trusts ("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.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**C. 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 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.

**D. Affiliated Transactions**

LALT invests in securities of affiliated funds. LALT'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 at August 31, 2025, and for the fiscal year then ended are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Shares at <br>8/31/2025<br>| Value at <br>8/31/2024<br>| Purchases | Sales | Change in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Realized <br>Gain <br>(Loss)<br>| Value at <br>8/31/2025<br>| Dividend <br>Income<br>|
| First Trust Alternative Absolute <br> Return Strategy ETF<br>| 164266 | $2207643 | $3799998 | $(1341704)<br>| $269926 | $(50592)<br>| $4885271 | $97095 |
| First Trust BuyWrite Income ETF |  |  | 1043549 | (1004369)<br>|  | (39180)<br>|  | 19836 |
| First Trust Global Tactical <br> Commodity Strategy Fund<br>| 51631 | 497747 | 1678678 | (865826)<br>| 19822 | (12798)<br>| 1317623 | 11189 |
| First Trust Long/Short Equity <br> ETF<br>| 68937 | 2256254 | 3859874 | (1636823)<br>| 90344 | 94628 | 4664277 | 47006 |
| First Trust Low Duration <br> Opportunities ETF<br>| 27968 |  | 1720432 | (345752)<br>| 13380 | (568)<br>| 1387492 | 21421 |
| First Trust Managed Futures <br> Strategy Fund<br>| 100193 | 2166653 | 3849091 | (1265925)<br>| 37779 | (18311)<br>| 4769287 | 135295 |
| First Trust Merger Arbitrage ETF | 77900 | 530786 | 1520363 | (489387)<br>| 47945 | 7279 | 1616986 | 10403 |
| First Trust Smith Unconstrained <br> Bond ETF<br>|  | 1319394 | 1489372 | (2791884)<br>| (20573)<br>| 3691 |  | 45624 |
|  |  | $8978477 | $18961357 | $(9741670)<br>| $458623 | $(15851)<br>| $18640936 | $387869 |

---

**E. Restricted Securities**

As of August 31, 2025, AFSM held restricted securities as shown in the following table that the Advisor has deemed illiquid pursuant to procedures adopted by the Trust's Board of Trustees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Security | Acquisition <br>Date<br>| Shares | Current <br>Price<br>| Carrying <br>Cost<br>| Value | % of <br>Net Assets<br>|
| OmniAb, Inc. - 12.5 Earnout Shares | 11/02/22 | &nbsp;&nbsp; 53 | &nbsp;&nbsp; $0.00 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $0 | 0.00<br> %<br>|
| OmniAb, Inc. - 15 Earnout Shares | 11/02/22 | &nbsp;&nbsp; 53 | 0.00 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | 0.00 |
|  |  |  |  | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $0 | 0.00<br> %<br>|

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**F. Dividends and Distributions to Shareholders**

Dividends from net investment income of each 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 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 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 August 31, 2025 were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | Distributions <br>paid from <br>Ordinary <br>Income<br>| Distributions <br>paid from <br>Capital <br>Gains<br>| Distributions <br>paid from <br>Return of <br>Capital<br>|
| First Trust Active Factor Large Cap ETF | $1236126 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| First Trust Active Factor Mid Cap ETF | 390260 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Active Factor Small Cap ETF | 228345 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Innovation Leaders ETF |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Expanded Technology ETF | 35335 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Multi-Strategy Alternative ETF | 349696 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |

---

The tax character of distributions paid by each Fund during the fiscal year ended August 31, 2024 were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | Distributions <br>paid from <br>Ordinary <br>Income<br>| Distributions <br>paid from <br>Capital <br>Gains<br>| Distributions <br>paid from <br>Return of <br>Capital<br>|
| First Trust Active Factor Large Cap ETF | $60871 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| First Trust Active Factor Mid Cap ETF | 66210 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Active Factor Small Cap ETF | 48515 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Innovation Leaders ETF |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Expanded Technology ETF | 9824 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Multi-Strategy Alternative ETF | 68991 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |

---

As of August 31, 2025, the components of distributable earnings on a tax basis for each Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | Undistributed <br>Ordinary <br>Income<br>| Accumulated <br>Capital and <br>Other <br>Gain (Loss)<br>| Net <br>Unrealized <br>Appreciation <br>(Depreciation)<br>|
| First Trust Active Factor Large Cap ETF | $731172 | &nbsp;&nbsp; $(3536528)<br>| &nbsp;&nbsp; $29587135 |
| First Trust Active Factor Mid Cap ETF | 168252 | &nbsp;&nbsp; (2220179)<br>| &nbsp;&nbsp; 4840152 |
| First Trust Active Factor Small Cap ETF | 70467 | &nbsp;&nbsp; (2559723)<br>| &nbsp;&nbsp; 3390022 |
| First Trust Innovation Leaders ETF | (116228)<br>| &nbsp;&nbsp; (1583839)<br>| &nbsp;&nbsp; 14382776 |
| First Trust Expanded Technology ETF | 6192 | &nbsp;&nbsp; (3087027)<br>| &nbsp;&nbsp; 5649464 |
| First Trust Multi-Strategy Alternative ETF | 96648 | &nbsp;&nbsp; (39263)<br>| &nbsp;&nbsp; 862401 |

---

**G. Income 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

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

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.

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 AFLG, AFMC, AFSM, ILDR and XPND, the taxable years ended 2022, 2023, 2024, and 2025 remain open to federal and state audit. For LALT, the taxable years ended 2023, 2024, and 2025 remain open to federal and state audit. As of August 31, 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 August 31, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | Non-Expiring <br>Capital Loss <br>Carryforwards<br>|
| First Trust Active Factor Large Cap ETF | $3536528 |
| First Trust Active Factor Mid Cap ETF | 2220179 |
| First Trust Active Factor Small Cap ETF | 2559723 |
| First Trust Innovation Leaders ETF | 1583839 |
| First Trust Expanded Technology ETF | 3087027 |
| First Trust Multi-Strategy Alternative ETF | 39263 |

---

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 August 31, 2025, the following Fund incurred and elected to defer net late year ordinary or capital losses as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Qualified Late Year Losses | Qualified Late Year Losses |
|  | Ordinary Losses | Capital Losses |
| First Trust Innovation Leaders ETF | $116228 | &nbsp;&nbsp; $— |

---

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 August 31, 2025, the adjustments for each Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | Accumulated <br>Net Investment <br>Income (Loss)<br>| Accumulated <br>Net Realized <br>Gain (Loss) <br>on Investments<br>| Paid-In <br>Capital<br>|
| First Trust Active Factor Large Cap ETF | $— | &nbsp;&nbsp; $(4470245)<br>| &nbsp;&nbsp; $4470245 |
| First Trust Active Factor Mid Cap ETF |  | &nbsp;&nbsp; (2027956)<br>| &nbsp;&nbsp; 2027956 |
| First Trust Active Factor Small Cap ETF |  | &nbsp;&nbsp; (1837308)<br>| &nbsp;&nbsp; 1837308 |
| First Trust Innovation Leaders ETF | 110618 | &nbsp;&nbsp; (6522278)<br>| &nbsp;&nbsp; 6411660 |
| First Trust Expanded Technology ETF |  | &nbsp;&nbsp; (2403393)<br>| &nbsp;&nbsp; 2403393 |
| First Trust Multi-Strategy Alternative ETF | (2879)<br>| &nbsp;&nbsp; (232841)<br>| &nbsp;&nbsp; 235720 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

As of August 31, 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Tax Cost | Gross <br> Unrealized <br>Appreciation<br>| Gross <br> Unrealized <br>(Depreciation)<br>| Net Unrealized <br>Appreciation <br>(Depreciation)<br>|
| First Trust Active Factor Large Cap ETF | $368865719 | &nbsp;&nbsp; $41975977 | &nbsp;&nbsp; $(12388842)<br>| &nbsp;&nbsp; $29587135 |
| First Trust Active Factor Mid Cap ETF | 77159916 | &nbsp;&nbsp; 8684506 | &nbsp;&nbsp; (3844354)<br>| &nbsp;&nbsp; 4840152 |
| First Trust Active Factor Small Cap ETF | 40312857 | &nbsp;&nbsp; 6130014 | &nbsp;&nbsp; (2739992)<br>| &nbsp;&nbsp; 3390022 |
| First Trust Innovation Leaders ETF | 106452848 | &nbsp;&nbsp; 17916652 | &nbsp;&nbsp; (3533876)<br>| &nbsp;&nbsp; 14382776 |
| First Trust Expanded Technology ETF | 25064628 | &nbsp;&nbsp; 6304290 | &nbsp;&nbsp; (654826)<br>| &nbsp;&nbsp; 5649464 |
| First Trust Multi-Strategy Alternative ETF | 21149940 | &nbsp;&nbsp; 956231 | &nbsp;&nbsp; (93830)<br>| &nbsp;&nbsp; 862401 |

---

**H. Expenses**

Expenses, other than the investment advisory fee and other excluded expenses, are paid by the Advisor (see Note 3).

**I. 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.

Pursuant to the Investment Management Agreement between the Trust and the Advisor, First Trust manages the investment of each Fund's assets and is responsible for the expenses of each Fund, including the cost of transfer agency, custody, fund administration, legal, audit, license fees and other services, but excluding fee payments under the Investment Management Agreement, interest, taxes, pro rata share of fees and expenses attributable to investments in other investment companies ("acquired fund fees and expenses"), 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, and extraordinary expenses. 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Breakpoints | AFLG | AFMC | AFSM | XPND | LALT |
| Fund net assets up to and including $2.5 billion | 0.55000<br> %<br>| 0.65000<br> %<br>| 0.75000<br> %<br>| 0.65000<br> %<br>| 0.20000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.53625<br> %<br>| 0.63375<br> %<br>| 0.73125<br> %<br>| 0.63375<br> %<br>| 0.19500<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.52250<br> %<br>| 0.61750<br> %<br>| 0.71250<br> %<br>| 0.61750<br> %<br>| 0.19000<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.50875<br> %<br>| 0.60125<br> %<br>| 0.69375<br> %<br>| 0.60125<br> %<br>| 0.18500<br> %<br>|
| Fund net assets greater than $10 billion up to and including $15 billion | 0.49500<br> %<br>| 0.58500<br> %<br>| 0.67500<br> %<br>| 0.58500<br> %<br>| 0.18000<br> %<br>|
| Fund net assets greater than $15 billion | 0.46750<br> %<br>| 0.55250<br> %<br>| 0.63750<br> %<br>| 0.55250<br> %<br>| 0.17000<br> %<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | |
|:---|:---|
| Breakpoints | ILDR |
| Fund net assets up to and including $2.5 billion | 0.75000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.73125<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.71250<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.69375<br> %<br>|
| Fund net assets greater than $10 billion | 0.67500<br> %<br>|

---

In addition, LALT incurs acquired fund fees and expenses. The total of the unitary management fee and acquired fund fees and expenses represents LALT's total annual operating expenses.

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 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.

**4. Purchases and Sales of Securities** 

For the fiscal year ended August 31, 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| First Trust Active Factor Large Cap ETF | $71291565 | &nbsp;&nbsp; $70990239 |
| First Trust Active Factor Mid Cap ETF | 22839211 | &nbsp;&nbsp; 22753165 |
| First Trust Active Factor Small Cap ETF | 20663147 | &nbsp;&nbsp; 20584260 |
| First Trust Innovation Leaders ETF | 36141220 | &nbsp;&nbsp; 36653820 |
| First Trust Expanded Technology ETF | 17611709 | &nbsp;&nbsp; 17622289 |
| First Trust Multi-Strategy Alternative ETF | 5044743 | &nbsp;&nbsp; 5007542 |

---

For the fiscal year ended August 31, 2025, the cost of in-kind purchases and proceeds from in-kind sales for each Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| First Trust Active Factor Large Cap ETF | $396040353 | &nbsp;&nbsp; $46581898 |
| First Trust Active Factor Mid Cap ETF | 75929923 | &nbsp;&nbsp; 13027654 |
| First Trust Active Factor Small Cap ETF | 36861384 | &nbsp;&nbsp; 10327082 |
| First Trust Innovation Leaders ETF | 88571941 | &nbsp;&nbsp; 21781765 |
| First Trust Expanded Technology ETF | 14102020 | &nbsp;&nbsp; 8716768 |
| First Trust Multi-Strategy Alternative ETF | 16897265 | &nbsp;&nbsp; 6218282 |

---

**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

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

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 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 December 31, 2026.

**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.

------

**Report of Independent Registered Public Accounting Firm**

**To the Shareholders and the Board of Trustees of First Trust Exchange-Traded Fund VIII:**

**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 Active Factor Large Cap ETF, First Trust Active Factor Mid Cap ETF, First Trust Active Factor Small Cap ETF, First Trust Innovation Leaders ETF, First Trust Expanded Technology ETF, and First Trust Multi-Strategy Alternative ETF (the "Funds"), each a series of the First Trust Exchange-Traded Fund VIII, as of August 31, 2025, the related statements of operations for the year then ended, statements of changes in net assets for each of the two years in the period then ended, 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 the Funds as of August 31, 2025, and the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Individual Funds** <br>**Included in the Trust**<br>| **Financial Highlights** |
| First Trust Active Factor Large Cap ETF <br>First Trust Active Factor Mid Cap ETF <br>First Trust Active Factor Small Cap ETF<br>| For the years ended August 31, 2025, 2024, 2023, 2022, and 2021 |
| First Trust Innovation Leaders ETF | For the years ended August 31, 2025, 2024, 2023, 2022, and for the period from <br> May 25, 2021 (commencement of investment operations) through August 31, 2021<br>|
| First Trust Expanded Technology ETF | For the years ended August 31, 2025, 2024, 2023, 2022, and for the period from <br> June 14, 2021 (commencement of investment operations) through August 31, 2021<br>|
| First Trust Multi-Strategy Alternative ETF | For the years ended August 31, 2025, 2024, and for the period from January 31, <br> 2023 (commencement of investment operations) through August 31, 2023<br>|

---

**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 August 31, 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

October 21, 2025

We have served as the auditor of one or more First Trust investment companies since 2001.

------

**Other Information**

**First Trust Exchange-Traded Fund VIII**

**August 31, 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 August 31, 2025.

**Proxy Disclosures (Item 9 of Form N-CSR)**

At a special meeting of shareholders of First Trust Exchange-Traded Fund VIII (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| James A. Bowen\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931952816 <br>5974259<br>|
| Thomas J. Driscoll\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931990349 <br>5936726<br>|
| Richard E. Erickson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931309705 <br>6617370<br>|
| Thomas R. Kadlec\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931262372 <br>6664703<br>|
| Denise M. Keefe\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932234496 <br>5692579<br>|
| Robert F. Keith\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931417790 <br>6509285<br>|
| Niel B. Nielson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931068296 <br>6858779<br>|
| Bronwyn Wright\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841558465 <br>96368610<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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.

**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 VIII 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.

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

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 $56,046. This figure is comprised of $2,475 paid (or to be paid) in fixed compensation and $53,571 paid (or to be paid) in variable compensation. There were a total of 26 beneficiaries of the remuneration described above. Those amounts include $24,782 paid (or to be paid) to senior management of First Trust Advisors L.P. and $31,264 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").

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. to provide a clear link between remuneration and performance of First Trust and to avoid rewarding for failure;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. to promote sound and effective risk management consistent with the risk profiles of the funds managed by First Trust; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.

**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 VIII (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 Active Factor Large Cap ETF (AFLG)

First Trust Active Factor Mid Cap ETF (AFMC)

First Trust Active Factor Small Cap ETF (AFSM)

First Trust Expanded Technology ETF (XPND)

First Trust Innovation Leaders ETF (ILDR)

First Trust Multi-Strategy Alternative ETF (LALT)

The Board approved the continuation of the applicable 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 applicable 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

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

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 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.

In reviewing the applicable Agreement for each Fund, the Board considered the nature, extent and quality of the services provided by the Advisor under the applicable 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. The Board noted that each Fund is an actively-managed ETF. For AFLG, AFMC, AFSM and LALT, the Board noted that the Advisor's Investment Committee is responsible for the day-to-day management of each Fund's investments. The Board also noted that the Advisor's Strategy Research Group is responsible for the day-to-day management of XPND's and ILDR's investments. The Board considered the background and experience of the members of the Investment Committee and the Strategy Research Group and noted the Board's prior meetings with members of the Investment Committee and the Strategy Research Group. The Board considered the Advisor's statement that it applies the same oversight model internally with its Strategy Research Group as it uses for overseeing external sub-advisors, including portfolio risk monitoring and performance review. 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(s), 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 addition to the written materials provided by the Advisor, at the April 22, 2025 meeting, the Board also received a presentation from representatives of the Advisor's Investment Committee, who discussed the services the Investment Committee provides to AFLG, AFMC and AFSM, including the Investment Committee's day-to-day management of the Funds' investments. 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(s), 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 noted that, because LALT invests in underlying funds, including ETFs in the First Trust Fund Complex, the Fund incurs 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 funds. 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

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

expense ratios were the most relevant comparative data point. Based on the information provided, the Board noted that the total (net) expense ratio for each of AFLG, AFMC and AFSM was above the median total (net) expense ratio of the peer funds in its respective Expense Group and that the total (net) expense ratio for each of XPND and ILDR was equal to the median total (net) expense ratio of the peer funds in its respective Expense Group. The Board noted that the total (net) expense ratio (excluding acquired fund fees and expenses) for LALT was below the median total (net) expense ratio (excluding acquired fund fees and expenses) of the peer funds in its Expense Group. The Board also noted that the total (net) expense ratio (including acquired fund fees and expenses) for LALT was below the median total (net) expense ratio (including acquired fund fees and expenses) of the peer funds in its Expense Group. With respect to the Expense Groups, the Board discussed with the Advisor limitations in creating peer groups for actively-managed 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 information comparing each Fund's performance for one or more periods ended December 31, 2024 to the performance of the funds in its Performance Universe and to that of a benchmark index. Based on the information provided, the Board noted that AFLG outperformed its Performance Universe median for the one-, three- and five-year periods ended December 31, 2024, outperformed its benchmark index for the one-year period ended December 31, 2024 and underperformed its benchmark index for the three- and five-year periods ended December 31, 2024. The Board noted that AFMC outperformed its Performance Universe median for the one-, three- and five-year periods ended December 31, 2024, outperformed its benchmark index for the one- and three-year periods ended December 31, 2024 and underperformed its benchmark index for the five-year period ended December 31, 2024. The Board noted that AFSM underperformed its Performance Universe median and benchmark index for the one-year period ended December 31, 2024 and outperformed its Performance Universe median and benchmark index for the three- and five-year periods ended December 31, 2024. The Board noted that XPND outperformed its Performance Universe median for the one- and three-year periods ended December 31, 2024 and underperformed its benchmark index for the one- and three-year periods ended December 31, 2024. The Board noted that ILDR outperformed its Performance Universe median for the one-year period ended December 31, 2024, underperformed its benchmark index for the one-year period ended December 31, 2024 and underperformed its Performance Universe median and benchmark index for the three-year period ended December 31, 2024. The Board noted that LALT outperformed its Performance Universe median and benchmark index for the one-year period ended December 31, 2024.

On the basis of all the information provided on the unitary fee and performance 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 for the twelve months ended 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 same period. 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

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**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

Advisor, as the investment advisor to the underlying ETFs in which LALT invests, will recognize additional revenue from the underlying ETFs if investment by LALT 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.

**Federal Tax Information**

For the taxable year ended August 31, 2025, the following percentages of income dividends paid by the Funds qualify for the dividends received deduction available to corporations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
|  | Dividends Received <br>Deduction<br>|
| First Trust Active Factor Large Cap ETF | 100.00<br> %<br>|
| First Trust Active Factor Mid Cap ETF | 100.00<br> %<br>|
| First Trust Active Factor Small Cap ETF | 100.00<br> %<br>|
| First Trust Innovation Leaders ETF | 0.00<br> %<br>|
| First Trust Expanded Technology ETF | 100.00<br> %<br>|
| First Trust Multi-Strategy Alternative ETF | 0.00<br> %<br>|

---

For the taxable year ended August 31, 2025, the following percentages of income dividends paid by the Funds are hereby designated as qualified dividend income:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
|  | Qualified Dividend <br>Income<br>|
| First Trust Active Factor Large Cap ETF | 100.00<br> %<br>|
| First Trust Active Factor Mid Cap ETF | 100.00<br> %<br>|
| First Trust Active Factor Small Cap ETF | 100.00<br> %<br>|
| First Trust Innovation Leaders ETF | 0.00<br> %<br>|
| First Trust Expanded Technology ETF | 100.00<br> %<br>|
| First Trust Multi-Strategy Alternative ETF | 0.00<br> %<br>|

---

A portion of each of the Funds' 2025 ordinary dividends (including short-term capital gains) paid to its shareholders during the fiscal year ended August 31, 2025, may be eligible for the Qualified Business Income (QBI) Deduction under the Internal Revenue Code of 1986, as amended, Section 199A for the aggregate dividends each Fund received from the underlying Real Estate Investment Trusts (REITs) these Funds invest in.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Annual Financial Statements and Other Information <br> For the Year Ended August 31, 2025

![](imgb099688d1.gif)

<u>First Trust Exchange-Traded Fund VIII</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| |
|:---|
| FT Vest U.S. Equity Buffer ETF - January (FJAN) |
| FT Vest U.S. Equity Deep Buffer ETF - January (DJAN) |
| FT Vest U.S. Equity Buffer ETF - February (FFEB) |
| FT Vest U.S. Equity Deep Buffer ETF - February (DFEB) |
| FT Vest U.S. Equity Buffer ETF - March (FMAR) |
| FT Vest U.S. Equity Deep Buffer ETF - March (DMAR) |
| FT Vest U.S. Equity Buffer ETF - April (FAPR) |
| FT Vest U.S. Equity Deep Buffer ETF - April (DAPR) |
| FT Vest U.S. Equity Buffer ETF - May (FMAY) |
| FT Vest U.S. Equity Deep Buffer ETF - May (DMAY) |
| FT Vest U.S. Equity Buffer ETF - June (FJUN) |
| FT Vest U.S. Equity Deep Buffer ETF - June (DJUN) |
| FT Vest U.S. Equity Buffer ETF - July (FJUL) |
| FT Vest U.S. Equity Deep Buffer ETF - July (DJUL) |
| FT Vest U.S. Equity Buffer ETF - August (FAUG) |
| FT Vest U.S. Equity Deep Buffer ETF - August (DAUG) |
| FT Vest U.S. Equity Buffer ETF - September (FSEP) |
| FT Vest U.S. Equity Deep Buffer ETF - September (DSEP) |
| FT Vest U.S. Equity Buffer ETF - October (FOCT) |
| FT Vest U.S. Equity Deep Buffer ETF - October (DOCT) |
| FT Vest U.S. Equity Buffer ETF - November (FNOV) |
| FT Vest U.S. Equity Deep Buffer ETF - November (DNOV) |
| FT Vest U.S. Equity Buffer ETF - December (FDEC) |
| FT Vest U.S. Equity Deep Buffer ETF - December (DDEC) |
| FT Vest Buffered Allocation Defensive ETF (BUFT) |
| FT Vest Buffered Allocation Growth ETF (BUFG) |

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**Table of Contents** 

**First Trust Exchange-Traded Fund VIII**

**Annual Financial Statements and Other Information**

**August 31, 2025** 

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| | |
|:---|:---|
| [Portfolio of Investments](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4285_1) |  |
| [FT Vest U.S. Equity Buffer ETF - January (FJAN)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4285_1) | 1 |
| [FT Vest U.S. Equity Deep Buffer ETF - January (DJAN)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4286_1) | 2 |
| [FT Vest U.S. Equity Buffer ETF - February (FFEB)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4189_1) | 3 |
| [FT Vest U.S. Equity Deep Buffer ETF - February (DFEB)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4190_1) | 4 |
| [FT Vest U.S. Equity Buffer ETF - March (FMAR)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4303_1) | 5 |
| [FT Vest U.S. Equity Deep Buffer ETF - March (DMAR)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4289_1) | 6 |
| [FT Vest U.S. Equity Buffer ETF - April (FAPR)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4306_1) | 7 |
| [FT Vest U.S. Equity Deep Buffer ETF - April (DAPR)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4307_1) | 8 |
| [FT Vest U.S. Equity Buffer ETF - May (FMAY)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4192_1) | 9 |
| [FT Vest U.S. Equity Deep Buffer ETF - May (DMAY)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4193_1) | 10 |
| [FT Vest U.S. Equity Buffer ETF - June (FJUN)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4196_1) | 11 |
| [FT Vest U.S. Equity Deep Buffer ETF - June (DJUN)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4197_1) | 12 |
| [FT Vest U.S. Equity Buffer ETF - July (FJUL)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4198_1) | 13 |
| [FT Vest U.S. Equity Deep Buffer ETF - July (DJUL)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4199_1) | 14 |
| [FT Vest U.S. Equity Buffer ETF - August (FAUG)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4271_1) | 15 |
| [FT Vest U.S. Equity Deep Buffer ETF - August (DAUG)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4272_1) | 16 |
| [FT Vest U.S. Equity Buffer ETF - September (FSEP)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4266_1) | 17 |
| [FT Vest U.S. Equity Deep Buffer ETF - September (DSEP)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4267_1) | 18 |
| [FT Vest U.S. Equity Buffer ETF - October (FOCT)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4268_1) | 19 |
| [FT Vest U.S. Equity Deep Buffer ETF - October (DOCT)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4269_1) | 20 |
| [FT Vest U.S. Equity Buffer ETF - November (FNOV)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4274_1) | 21 |
| [FT Vest U.S. Equity Deep Buffer ETF - November (DNOV)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4275_1) | 22 |
| [FT Vest U.S. Equity Buffer ETF - December (FDEC)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4281_1) | 23 |
| [FT Vest U.S. Equity Deep Buffer ETF - December (DDEC)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4280_1) | 24 |
| [FT Vest Buffered Allocation Defensive ETF (BUFT)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4259_1) | 25 |
| [FT Vest Buffered Allocation Growth ETF (BUFG)](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOI-TOC-ScheduleofInvestments-4260_1) | 26 |
| [Statements of Assets and Liabilities](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SAL1-TOC-StatementofAssetsandLiabilities-4281_2) | 28 |
| [Statements of Operations](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOP1-TOC-StatementofOperations-4281_1) | 34 |
| [Statements of Changes in Net Assets](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_SOC1-TOC-StatementofChanges-4281_1) | 40 |
| [Financial Highlights](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_FIHI-TOC-FinancialHighlights-4280_1) | 51 |
| [Notes to Financial Statements](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_NTF-TOC-NotestoFinancialStatements-4285_1) | 77 |
| [Report of Independent Registered Public Accounting Firm](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_AUD-TOC-RIRPAFirm-4281_1) | 97 |
| [Other Information](#xx_1e8528dd-f345-4fb4-9fb5-fabf2da54bb3_AI-TOC-AdditionalInformation-4281_1) | 99 |

---

**Performance and Risk Disclosure**

There is no assurance that any series of First Trust Exchange-Traded Fund VIII (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.

------

**FT Vest U.S. Equity Buffer ETF - January (FJAN)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.7%** | **MONEY MARKET FUNDS — 0.7%** | **MONEY MARKET FUNDS — 0.7%** |
| 7059996 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $7059996 |
|  | (Cost $7,059,996) |  |
|  | **Total Investments — 0.7%** | 7059996 |
|  | (Cost $7,059,996) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 101.4%** | **PURCHASED OPTIONS — 101.4%** | **PURCHASED OPTIONS — 101.4%** | **PURCHASED OPTIONS — 101.4%** | **PURCHASED OPTIONS — 101.4%** | **PURCHASED OPTIONS — 101.4%** |
|  | **Call Options Purchased — 99.9%** | **Call Options Purchased — 99.9%** | **Call Options Purchased — 99.9%** | **Call Options Purchased — 99.9%** |  |
| 17548 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $1131933740 | $5.98 | 01/16/26 | 1116408849 |
|  | (Cost $1,029,989,622) |  |  |  |  |
|  | **Put Options Purchased — 1.5%** | **Put Options Purchased — 1.5%** | **Put Options Purchased — 1.5%** | **Put Options Purchased — 1.5%** |  |
| 17548 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 1131933740 | 597.58 | 01/16/26 | 17058937 |
|  | (Cost $49,855,298) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 1133467786 |
|  | (Cost $1,079,844,920) | (Cost $1,079,844,920) | (Cost $1,079,844,920) | (Cost $1,079,844,920) |  |
| **WRITTEN OPTIONS — (2.0)%** | **WRITTEN OPTIONS — (2.0)%** | **WRITTEN OPTIONS — (2.0)%** | **WRITTEN OPTIONS — (2.0)%** | **WRITTEN OPTIONS — (2.0)%** | **WRITTEN OPTIONS — (2.0)%** |
|  | **Call Options Written — (1.3)%** | **Call Options Written — (1.3)%** | **Call Options Written — (1.3)%** | **Call Options Written — (1.3)%** |  |
| (17548) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (1131933740)<br>| 682.20 | 01/16/26 | (14331101)<br>|
|  | (Premiums received $14,244,012) |  |  |  |  |
|  | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** |  |
| (17548) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (1131933740)<br>| 537.82 | 01/16/26 | (7807105)<br>|
|  | (Premiums received $26,315,322) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (22138206)<br>|
|  | (Premiums received $40,559,334) | (Premiums received $40,559,334) | (Premiums received $40,559,334) | (Premiums received $40,559,334) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (774090)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $1117615486 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $7059996 | &nbsp;&nbsp; $7059996 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 1133467786 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1133467786 | &nbsp;&nbsp; — |
| Total | $1140527782 | &nbsp;&nbsp; $7059996 | &nbsp;&nbsp; $1133467786 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(22138206)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(22138206)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Deep Buffer ETF - January (DJAN)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** |
| 2213140 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $2213140 |
|  | (Cost $2,213,140) |  |
|  | **Total Investments — 0.6%** | 2213140 |
|  | (Cost $2,213,140) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 101.7%** | **PURCHASED OPTIONS — 101.7%** | **PURCHASED OPTIONS — 101.7%** | **PURCHASED OPTIONS — 101.7%** | **PURCHASED OPTIONS — 101.7%** | **PURCHASED OPTIONS — 101.7%** |
|  | **Call Options Purchased — 100.7%** | **Call Options Purchased — 100.7%** | **Call Options Purchased — 100.7%** | **Call Options Purchased — 100.7%** |  |
| 5545 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $357680225 | $5.97 | 01/16/26 | 352779942 |
|  | (Cost $326,644,617) |  |  |  |  |
|  | **Put Options Purchased — 1.0%** | **Put Options Purchased — 1.0%** | **Put Options Purchased — 1.0%** | **Put Options Purchased — 1.0%** |  |
| 5545 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 357680225 | 567.70 | 01/16/26 | 3614287 |
|  | (Cost $12,088,048) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 356394229 |
|  | (Cost $338,732,665) | (Cost $338,732,665) | (Cost $338,732,665) | (Cost $338,732,665) |  |
| **WRITTEN OPTIONS — (2.2)%** | **WRITTEN OPTIONS — (2.2)%** | **WRITTEN OPTIONS — (2.2)%** | **WRITTEN OPTIONS — (2.2)%** | **WRITTEN OPTIONS — (2.2)%** | **WRITTEN OPTIONS — (2.2)%** |
|  | **Call Options Written — (2.0)%** | **Call Options Written — (2.0)%** | **Call Options Written — (2.0)%** | **Call Options Written — (2.0)%** |  |
| (5545) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (357680225)<br>| 669.94 | 01/16/26 | (7157874)<br>|
|  | (Premiums received $6,298,940) |  |  |  |  |
|  | **Put Options Written — (0.2)%** | **Put Options Written — (0.2)%** | **Put Options Written — (0.2)%** | **Put Options Written — (0.2)%** |  |
| (5545) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (357680225)<br>| 418.31 | 01/16/26 | (772419)<br>|
|  | (Premiums received $2,345,142) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (7930293)<br>|
|  | (Premiums received $8,644,082) | (Premiums received $8,644,082) | (Premiums received $8,644,082) | (Premiums received $8,644,082) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (243375)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $350433701 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $2213140 | &nbsp;&nbsp; $2213140 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 356394229 | &nbsp;&nbsp; — | &nbsp;&nbsp; 356394229 | &nbsp;&nbsp; — |
| Total | $358607369 | &nbsp;&nbsp; $2213140 | &nbsp;&nbsp; $356394229 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(7930293)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(7930293)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer ETF - February (FFEB)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.7%** | **MONEY MARKET FUNDS — 0.7%** | **MONEY MARKET FUNDS — 0.7%** |
| 7724365 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $7724365 |
|  | (Cost $7,724,365) |  |
|  | **Total Investments — 0.7%** | 7724365 |
|  | (Cost $7,724,365) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 101.9%** | **PURCHASED OPTIONS — 101.9%** | **PURCHASED OPTIONS — 101.9%** | **PURCHASED OPTIONS — 101.9%** | **PURCHASED OPTIONS — 101.9%** | **PURCHASED OPTIONS — 101.9%** |
|  | **Call Options Purchased — 100.0%** | **Call Options Purchased — 100.0%** | **Call Options Purchased — 100.0%** | **Call Options Purchased — 100.0%** |  |
| 17146 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $1106002730 | $6.00 | 02/20/26 | 1091420914 |
|  | (Cost $1,003,874,664) |  |  |  |  |
|  | **Put Options Purchased — 1.9%** | **Put Options Purchased — 1.9%** | **Put Options Purchased — 1.9%** | **Put Options Purchased — 1.9%** |  |
| 17146 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 1106002730 | 599.94 | 02/20/26 | 20803928 |
|  | (Cost $51,272,094) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 1112224842 |
|  | (Cost $1,055,146,758) | (Cost $1,055,146,758) | (Cost $1,055,146,758) | (Cost $1,055,146,758) |  |
| **WRITTEN OPTIONS — (2.5)%** | **WRITTEN OPTIONS — (2.5)%** | **WRITTEN OPTIONS — (2.5)%** | **WRITTEN OPTIONS — (2.5)%** | **WRITTEN OPTIONS — (2.5)%** | **WRITTEN OPTIONS — (2.5)%** |
|  | **Call Options Written — (1.6)%** | **Call Options Written — (1.6)%** | **Call Options Written — (1.6)%** | **Call Options Written — (1.6)%** |  |
| (17146) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (1106002730)<br>| 686.93 | 02/20/26 | (17504351)<br>|
|  | (Premiums received $11,306,303) |  |  |  |  |
|  | **Put Options Written — (0.9)%** | **Put Options Written — (0.9)%** | **Put Options Written — (0.9)%** | **Put Options Written — (0.9)%** |  |
| (17146) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (1106002730)<br>| 539.95 | 02/20/26 | (10190897)<br>|
|  | (Premiums received $26,805,858) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (27695248)<br>|
|  | (Premiums received $38,112,161) | (Premiums received $38,112,161) | (Premiums received $38,112,161) | (Premiums received $38,112,161) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (755024)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $1091498935 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $7724365 | &nbsp;&nbsp; $7724365 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 1112224842 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1112224842 | &nbsp;&nbsp; — |
| Total | $1119949207 | &nbsp;&nbsp; $7724365 | &nbsp;&nbsp; $1112224842 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(27695248)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(27695248)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Deep Buffer ETF - February (DFEB)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.7%** | **MONEY MARKET FUNDS — 0.7%** | **MONEY MARKET FUNDS — 0.7%** |
| 2852624 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $2852624 |
|  | (Cost $2,852,624) |  |
|  | **Total Investments — 0.7%** | 2852624 |
|  | (Cost $2,852,624) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 102.1%** | **PURCHASED OPTIONS — 102.1%** | **PURCHASED OPTIONS — 102.1%** | **PURCHASED OPTIONS — 102.1%** | **PURCHASED OPTIONS — 102.1%** | **PURCHASED OPTIONS — 102.1%** |
|  | **Call Options Purchased — 100.8%** | **Call Options Purchased — 100.8%** | **Call Options Purchased — 100.8%** | **Call Options Purchased — 100.8%** |  |
| 6439 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $415347695 | $5.99 | 02/20/26 | 409877958 |
|  | (Cost $371,878,349) |  |  |  |  |
|  | **Put Options Purchased — 1.3%** | **Put Options Purchased — 1.3%** | **Put Options Purchased — 1.3%** | **Put Options Purchased — 1.3%** |  |
| 6439 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 415347695 | 569.94 | 02/20/26 | 5443659 |
|  | (Cost $17,745,501) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 415321617 |
|  | (Cost $389,623,850) | (Cost $389,623,850) | (Cost $389,623,850) | (Cost $389,623,850) |  |
| **WRITTEN OPTIONS — (2.7)%** | **WRITTEN OPTIONS — (2.7)%** | **WRITTEN OPTIONS — (2.7)%** | **WRITTEN OPTIONS — (2.7)%** | **WRITTEN OPTIONS — (2.7)%** | **WRITTEN OPTIONS — (2.7)%** |
|  | **Call Options Written — (2.4)%** | **Call Options Written — (2.4)%** | **Call Options Written — (2.4)%** | **Call Options Written — (2.4)%** |  |
| (6439) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (415347695)<br>| 673.79 | 02/20/26 | (9997062)<br>|
|  | (Premiums received $5,285,428) |  |  |  |  |
|  | **Put Options Written — (0.3)%** | **Put Options Written — (0.3)%** | **Put Options Written — (0.3)%** | **Put Options Written — (0.3)%** |  |
| (6439) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (415347695)<br>| 419.96 | 02/20/26 | (1229141)<br>|
|  | (Premiums received $3,187,972) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (11226203)<br>|
|  | (Premiums received $8,473,400) | (Premiums received $8,473,400) | (Premiums received $8,473,400) | (Premiums received $8,473,400) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (276719)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $406671319 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $2852624 | &nbsp;&nbsp; $2852624 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 415321617 | &nbsp;&nbsp; — | &nbsp;&nbsp; 415321617 | &nbsp;&nbsp; — |
| Total | $418174241 | &nbsp;&nbsp; $2852624 | &nbsp;&nbsp; $415321617 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(11226203)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(11226203)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer ETF - March (FMAR)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.7%** | **MONEY MARKET FUNDS — 0.7%** | **MONEY MARKET FUNDS — 0.7%** |
| 6535171 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $6535171 |
|  | (Cost $6,535,171) |  |
|  | **Total Investments — 0.7%** | 6535171 |
|  | (Cost $6,535,171) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 105.7%** | **PURCHASED OPTIONS — 105.7%** | **PURCHASED OPTIONS — 105.7%** | **PURCHASED OPTIONS — 105.7%** | **PURCHASED OPTIONS — 105.7%** | **PURCHASED OPTIONS — 105.7%** |
|  | **Call Options Purchased — 104.1%** | **Call Options Purchased — 104.1%** | **Call Options Purchased — 104.1%** | **Call Options Purchased — 104.1%** |  |
| 14392 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $928355960 | $5.64 | 03/20/26 | 914756096 |
|  | (Cost $797,159,914) |  |  |  |  |
|  | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** |  |
| 14392 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 928355960 | 563.98 | 03/20/26 | 13486311 |
|  | (Cost $46,633,461) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 928242407 |
|  | (Cost $843,793,375) | (Cost $843,793,375) | (Cost $843,793,375) | (Cost $843,793,375) |  |
| **WRITTEN OPTIONS — (6.3)%** | **WRITTEN OPTIONS — (6.3)%** | **WRITTEN OPTIONS — (6.3)%** | **WRITTEN OPTIONS — (6.3)%** | **WRITTEN OPTIONS — (6.3)%** | **WRITTEN OPTIONS — (6.3)%** |
|  | **Call Options Written — (5.5)%** | **Call Options Written — (5.5)%** | **Call Options Written — (5.5)%** | **Call Options Written — (5.5)%** |  |
| (14392) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (928355960)<br>| 647.39 | 03/20/26 | (48395403)<br>|
|  | (Premiums received $12,270,965) |  |  |  |  |
|  | **Put Options Written — (0.8)%** | **Put Options Written — (0.8)%** | **Put Options Written — (0.8)%** | **Put Options Written — (0.8)%** |  |
| (14392) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (928355960)<br>| 507.58 | 03/20/26 | (7312719)<br>|
|  | (Premiums received $23,862,326) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (55708122)<br>|
|  | (Premiums received $36,133,291) | (Premiums received $36,133,291) | (Premiums received $36,133,291) | (Premiums received $36,133,291) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (629514)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $878439942 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $6535171 | &nbsp;&nbsp; $6535171 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 928242407 | &nbsp;&nbsp; — | &nbsp;&nbsp; 928242407 | &nbsp;&nbsp; — |
| Total | $934777578 | &nbsp;&nbsp; $6535171 | &nbsp;&nbsp; $928242407 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(55708122)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(55708122)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Deep Buffer ETF - March (DMAR)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.7%** | **MONEY MARKET FUNDS — 0.7%** | **MONEY MARKET FUNDS — 0.7%** |
| 2647175 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $2647175 |
|  | (Cost $2,647,175) |  |
|  | **Total Investments — 0.7%** | 2647175 |
|  | (Cost $2,647,175) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 106.6%** | **PURCHASED OPTIONS — 106.6%** | **PURCHASED OPTIONS — 106.6%** | **PURCHASED OPTIONS — 106.6%** | **PURCHASED OPTIONS — 106.6%** | **PURCHASED OPTIONS — 106.6%** |
|  | **Call Options Purchased — 105.4%** | **Call Options Purchased — 105.4%** | **Call Options Purchased — 105.4%** | **Call Options Purchased — 105.4%** |  |
| 5944 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $383417720 | $5.63 | 03/20/26 | 377806643 |
|  | (Cost $328,153,032) |  |  |  |  |
|  | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** |  |
| 5944 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 383417720 | 535.78 | 03/20/26 | 4078535 |
|  | (Cost $16,600,996) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 381885178 |
|  | (Cost $344,754,028) | (Cost $344,754,028) | (Cost $344,754,028) | (Cost $344,754,028) |  |
| **WRITTEN OPTIONS — (7.2)%** | **WRITTEN OPTIONS — (7.2)%** | **WRITTEN OPTIONS — (7.2)%** | **WRITTEN OPTIONS — (7.2)%** | **WRITTEN OPTIONS — (7.2)%** | **WRITTEN OPTIONS — (7.2)%** |
|  | **Call Options Written — (6.9)%** | **Call Options Written — (6.9)%** | **Call Options Written — (6.9)%** | **Call Options Written — (6.9)%** |  |
| (5944) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (383417720)<br>| 635.72 | 03/20/26 | (24775365)<br>|
|  | (Premiums received $4,538,065) |  |  |  |  |
|  | **Put Options Written — (0.3)%** | **Put Options Written — (0.3)%** | **Put Options Written — (0.3)%** | **Put Options Written — (0.3)%** |  |
| (5944) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (383417720)<br>| 394.79 | 03/20/26 | (1137444)<br>|
|  | (Premiums received $7,012,841) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (25912809)<br>|
|  | (Premiums received $11,550,906) | (Premiums received $11,550,906) | (Premiums received $11,550,906) | (Premiums received $11,550,906) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (247189)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $358372355 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $2647175 | &nbsp;&nbsp; $2647175 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 381885178 | &nbsp;&nbsp; — | &nbsp;&nbsp; 381885178 | &nbsp;&nbsp; — |
| Total | $384532353 | &nbsp;&nbsp; $2647175 | &nbsp;&nbsp; $381885178 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(25912809)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(25912809)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer ETF - April (FAPR)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** |
| 6812403 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $6812403 |
|  | (Cost $6,812,403) |  |
|  | **Total Investments — 0.8%** | 6812403 |
|  | (Cost $6,812,403) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 109.4%** | **PURCHASED OPTIONS — 109.4%** | **PURCHASED OPTIONS — 109.4%** | **PURCHASED OPTIONS — 109.4%** | **PURCHASED OPTIONS — 109.4%** | **PURCHASED OPTIONS — 109.4%** |
|  | **Call Options Purchased — 108.2%** | **Call Options Purchased — 108.2%** | **Call Options Purchased — 108.2%** | **Call Options Purchased — 108.2%** |  |
| 14695 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $947900975 | $5.26 | 04/17/26 | 934769670 |
|  | (Cost $766,777,918) |  |  |  |  |
|  | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** |  |
| 14695 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 947900975 | 526.41 | 04/17/26 | 10375992 |
|  | (Cost $52,607,052) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 945145662 |
|  | (Cost $819,384,970) | (Cost $819,384,970) | (Cost $819,384,970) | (Cost $819,384,970) |  |
| **WRITTEN OPTIONS — (10.1)%** | **WRITTEN OPTIONS — (10.1)%** | **WRITTEN OPTIONS — (10.1)%** | **WRITTEN OPTIONS — (10.1)%** | **WRITTEN OPTIONS — (10.1)%** | **WRITTEN OPTIONS — (10.1)%** |
|  | **Call Options Written — (9.4)%** | **Call Options Written — (9.4)%** | **Call Options Written — (9.4)%** | **Call Options Written — (9.4)%** |  |
| (14695) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (947900975)<br>| 621.90 | 04/17/26 | (81347846)<br>|
|  | (Premiums received $18,099,653) |  |  |  |  |
|  | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** |  |
| (14695) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (947900975)<br>| 473.77 | 04/17/26 | (6157352)<br>|
|  | (Premiums received $30,692,266) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (87505198)<br>|
|  | (Premiums received $48,791,919) | (Premiums received $48,791,919) | (Premiums received $48,791,919) | (Premiums received $48,791,919) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (588239)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $863864628 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $6812403 | &nbsp;&nbsp; $6812403 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 945145662 | &nbsp;&nbsp; — | &nbsp;&nbsp; 945145662 | &nbsp;&nbsp; — |
| Total | $951958065 | &nbsp;&nbsp; $6812403 | &nbsp;&nbsp; $945145662 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(87505198)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(87505198)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Deep Buffer ETF - April (DAPR)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** |
| 2317476 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $2317476 |
|  | (Cost $2,317,476) |  |
|  | **Total Investments — 0.8%** | 2317476 |
|  | (Cost $2,317,476) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 112.1%** | **PURCHASED OPTIONS — 112.1%** | **PURCHASED OPTIONS — 112.1%** | **PURCHASED OPTIONS — 112.1%** | **PURCHASED OPTIONS — 112.1%** | **PURCHASED OPTIONS — 112.1%** |
|  | **Call Options Purchased — 111.2%** | **Call Options Purchased — 111.2%** | **Call Options Purchased — 111.2%** | **Call Options Purchased — 111.2%** |  |
| 5006 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $322912030 | $5.25 | 04/17/26 | 318443574 |
|  | (Cost $265,672,897) |  |  |  |  |
|  | **Put Options Purchased — 0.9%** | **Put Options Purchased — 0.9%** | **Put Options Purchased — 0.9%** | **Put Options Purchased — 0.9%** |  |
| 5006 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 322912030 | 500.09 | 04/17/26 | 2701088 |
|  | (Cost $12,866,209) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 321144662 |
|  | (Cost $278,539,106) | (Cost $278,539,106) | (Cost $278,539,106) | (Cost $278,539,106) |  |
| **WRITTEN OPTIONS — (12.8)%** | **WRITTEN OPTIONS — (12.8)%** | **WRITTEN OPTIONS — (12.8)%** | **WRITTEN OPTIONS — (12.8)%** | **WRITTEN OPTIONS — (12.8)%** | **WRITTEN OPTIONS — (12.8)%** |
|  | **Call Options Written — (12.5)%** | **Call Options Written — (12.5)%** | **Call Options Written — (12.5)%** | **Call Options Written — (12.5)%** |  |
| (5006) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (322912030)<br>| 600.95 | 04/17/26 | (35931266)<br>|
|  | (Premiums received $11,278,631) |  |  |  |  |
|  | **Put Options Written — (0.3)%** | **Put Options Written — (0.3)%** | **Put Options Written — (0.3)%** | **Put Options Written — (0.3)%** |  |
| (5006) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (322912030)<br>| 368.49 | 04/17/26 | (911893)<br>|
|  | (Premiums received $3,231,491) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (36843159)<br>|
|  | (Premiums received $14,510,122) | (Premiums received $14,510,122) | (Premiums received $14,510,122) | (Premiums received $14,510,122) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (195234)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $286423745 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $2317476 | &nbsp;&nbsp; $2317476 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 321144662 | &nbsp;&nbsp; — | &nbsp;&nbsp; 321144662 | &nbsp;&nbsp; — |
| Total | $323462138 | &nbsp;&nbsp; $2317476 | &nbsp;&nbsp; $321144662 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(36843159)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(36843159)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer ETF - May (FMAY)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** |
| 9242736 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $9242736 |
|  | (Cost $9,242,736) |  |
|  | **Total Investments — 0.9%** | 9242736 |
|  | (Cost $9,242,736) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 103.8%** | **PURCHASED OPTIONS — 103.8%** | **PURCHASED OPTIONS — 103.8%** | **PURCHASED OPTIONS — 103.8%** | **PURCHASED OPTIONS — 103.8%** | **PURCHASED OPTIONS — 103.8%** |
|  | **Call Options Purchased — 101.3%** | **Call Options Purchased — 101.3%** | **Call Options Purchased — 101.3%** | **Call Options Purchased — 101.3%** |  |
| 16484 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $1063300420 | $5.94 | 05/15/26 | 1047998158 |
|  | (Cost $961,181,212) |  |  |  |  |
|  | **Put Options Purchased — 2.5%** | **Put Options Purchased — 2.5%** | **Put Options Purchased — 2.5%** | **Put Options Purchased — 2.5%** |  |
| 16484 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 1063300420 | 594.20 | 05/15/26 | 25936255 |
|  | (Cost $53,553,290) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 1073934413 |
|  | (Cost $1,014,734,502) | (Cost $1,014,734,502) | (Cost $1,014,734,502) | (Cost $1,014,734,502) |  |
| **WRITTEN OPTIONS — (4.6)%** | **WRITTEN OPTIONS — (4.6)%** | **WRITTEN OPTIONS — (4.6)%** | **WRITTEN OPTIONS — (4.6)%** | **WRITTEN OPTIONS — (4.6)%** | **WRITTEN OPTIONS — (4.6)%** |
|  | **Call Options Written — (3.2)%** | **Call Options Written — (3.2)%** | **Call Options Written — (3.2)%** | **Call Options Written — (3.2)%** |  |
| (16484) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (1063300420)<br>| 683.03 | 05/15/26 | (33199435)<br>|
|  | (Premiums received $15,490,720) |  |  |  |  |
|  | **Put Options Written — (1.4)%** | **Put Options Written — (1.4)%** | **Put Options Written — (1.4)%** | **Put Options Written — (1.4)%** |  |
| (16484) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (1063300420)<br>| 534.78 | 05/15/26 | (14193548)<br>|
|  | (Premiums received $28,858,877) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (47392983)<br>|
|  | (Premiums received $44,349,597) | (Premiums received $44,349,597) | (Premiums received $44,349,597) | (Premiums received $44,349,597) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (707934)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $1035076232 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $9242736 | &nbsp;&nbsp; $9242736 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 1073934413 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1073934413 | &nbsp;&nbsp; — |
| Total | $1083177149 | &nbsp;&nbsp; $9242736 | &nbsp;&nbsp; $1073934413 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(47392983)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(47392983)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Deep Buffer ETF - May (DMAY)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** |
| 2557283 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $2557283 |
|  | (Cost $2,557,283) |  |
|  | **Total Investments — 0.9%** | 2557283 |
|  | (Cost $2,557,283) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 104.2%** | **PURCHASED OPTIONS — 104.2%** | **PURCHASED OPTIONS — 104.2%** | **PURCHASED OPTIONS — 104.2%** | **PURCHASED OPTIONS — 104.2%** | **PURCHASED OPTIONS — 104.2%** |
|  | **Call Options Purchased — 102.3%** | **Call Options Purchased — 102.3%** | **Call Options Purchased — 102.3%** | **Call Options Purchased — 102.3%** |  |
| 4654 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $300206270 | $5.93 | 05/15/26 | 295890430 |
|  | (Cost $271,016,229) |  |  |  |  |
|  | **Put Options Purchased — 1.9%** | **Put Options Purchased — 1.9%** | **Put Options Purchased — 1.9%** | **Put Options Purchased — 1.9%** |  |
| 4654 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 300206270 | 564.49 | 05/15/26 | 5418745 |
|  | (Cost $12,926,384) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 301309175 |
|  | (Cost $283,942,613) | (Cost $283,942,613) | (Cost $283,942,613) | (Cost $283,942,613) |  |
| **WRITTEN OPTIONS — (5.0)%** | **WRITTEN OPTIONS — (5.0)%** | **WRITTEN OPTIONS — (5.0)%** | **WRITTEN OPTIONS — (5.0)%** | **WRITTEN OPTIONS — (5.0)%** | **WRITTEN OPTIONS — (5.0)%** |
|  | **Call Options Written — (4.5)%** | **Call Options Written — (4.5)%** | **Call Options Written — (4.5)%** | **Call Options Written — (4.5)%** |  |
| (4654) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (300206270)<br>| 667.29 | 05/15/26 | (13172076)<br>|
|  | (Premiums received $3,766,313) |  |  |  |  |
|  | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** |  |
| (4654) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (300206270)<br>| 415.94 | 05/15/26 | (1356967)<br>|
|  | (Premiums received $6,113,066) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (14529043)<br>|
|  | (Premiums received $9,879,379) | (Premiums received $9,879,379) | (Premiums received $9,879,379) | (Premiums received $9,879,379) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (197853)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $289139562 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $2557283 | &nbsp;&nbsp; $2557283 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 301309175 | &nbsp;&nbsp; — | &nbsp;&nbsp; 301309175 | &nbsp;&nbsp; — |
| Total | $303866458 | &nbsp;&nbsp; $2557283 | &nbsp;&nbsp; $301309175 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(14529043)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(14529043)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer ETF - June (FJUN)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.0%** | **MONEY MARKET FUNDS — 1.0%** | **MONEY MARKET FUNDS — 1.0%** |
| 9628064 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $9628064 |
|  | (Cost $9,628,064) |  |
|  | **Total Investments — 1.0%** | 9628064 |
|  | (Cost $9,628,064) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 104.3%** | **PURCHASED OPTIONS — 104.3%** | **PURCHASED OPTIONS — 104.3%** | **PURCHASED OPTIONS — 104.3%** | **PURCHASED OPTIONS — 104.3%** | **PURCHASED OPTIONS — 104.3%** |
|  | **Call Options Purchased — 101.5%** | **Call Options Purchased — 101.5%** | **Call Options Purchased — 101.5%** | **Call Options Purchased — 101.5%** |  |
| 15881 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $1024403905 | $5.94 | 06/18/26 | 1007576398 |
|  | (Cost $928,650,111) |  |  |  |  |
|  | **Put Options Purchased — 2.8%** | **Put Options Purchased — 2.8%** | **Put Options Purchased — 2.8%** | **Put Options Purchased — 2.8%** |  |
| 15881 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 1024403905 | 594.28 | 06/18/26 | 27966123 |
|  | (Cost $52,360,512) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 1035542521 |
|  | (Cost $981,010,623) | (Cost $981,010,623) | (Cost $981,010,623) | (Cost $981,010,623) |  |
| **WRITTEN OPTIONS — (5.2)%** | **WRITTEN OPTIONS — (5.2)%** | **WRITTEN OPTIONS — (5.2)%** | **WRITTEN OPTIONS — (5.2)%** | **WRITTEN OPTIONS — (5.2)%** | **WRITTEN OPTIONS — (5.2)%** |
|  | **Call Options Written — (3.6)%** | **Call Options Written — (3.6)%** | **Call Options Written — (3.6)%** | **Call Options Written — (3.6)%** |  |
| (15881) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (1024403905)<br>| 684.24 | 06/18/26 | (35711923)<br>|
|  | (Premiums received $15,581,459) |  |  |  |  |
|  | **Put Options Written — (1.6)%** | **Put Options Written — (1.6)%** | **Put Options Written — (1.6)%** | **Put Options Written — (1.6)%** |  |
| (15881) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (1024403905)<br>| 534.85 | 06/18/26 | (15749505)<br>|
|  | (Premiums received $30,090,915) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (51461428)<br>|
|  | (Premiums received $45,672,374) | (Premiums received $45,672,374) | (Premiums received $45,672,374) | (Premiums received $45,672,374) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (674371)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $993034786 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $9628064 | &nbsp;&nbsp; $9628064 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 1035542521 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1035542521 | &nbsp;&nbsp; — |
| Total | $1045170585 | &nbsp;&nbsp; $9628064 | &nbsp;&nbsp; $1035542521 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(51461428)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(51461428)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Deep Buffer ETF - June (DJUN)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.0%** | **MONEY MARKET FUNDS — 1.0%** | **MONEY MARKET FUNDS — 1.0%** |
| 2715808 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $2715808 |
|  | (Cost $2,715,808) |  |
|  | **Total Investments — 1.0%** | 2715808 |
|  | (Cost $2,715,808) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 104.9%** | **PURCHASED OPTIONS — 104.9%** | **PURCHASED OPTIONS — 104.9%** | **PURCHASED OPTIONS — 104.9%** | **PURCHASED OPTIONS — 104.9%** | **PURCHASED OPTIONS — 104.9%** |
|  | **Call Options Purchased — 102.7%** | **Call Options Purchased — 102.7%** | **Call Options Purchased — 102.7%** | **Call Options Purchased — 102.7%** |  |
| 4521 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $291627105 | $5.93 | 06/18/26 | 286840994 |
|  | (Cost $265,094,943) |  |  |  |  |
|  | **Put Options Purchased — 2.2%** | **Put Options Purchased — 2.2%** | **Put Options Purchased — 2.2%** | **Put Options Purchased — 2.2%** |  |
| 4521 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 291627105 | 564.57 | 06/18/26 | 5981464 |
|  | (Cost $11,426,064) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 292822458 |
|  | (Cost $276,521,007) | (Cost $276,521,007) | (Cost $276,521,007) | (Cost $276,521,007) |  |
| **WRITTEN OPTIONS — (5.8)%** | **WRITTEN OPTIONS — (5.8)%** | **WRITTEN OPTIONS — (5.8)%** | **WRITTEN OPTIONS — (5.8)%** | **WRITTEN OPTIONS — (5.8)%** | **WRITTEN OPTIONS — (5.8)%** |
|  | **Call Options Written — (5.2)%** | **Call Options Written — (5.2)%** | **Call Options Written — (5.2)%** | **Call Options Written — (5.2)%** |  |
| (4521) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (291627105)<br>| 666.07 | 06/18/26 | (14530901)<br>|
|  | (Premiums received $6,990,829) |  |  |  |  |
|  | **Put Options Written — (0.6)%** | **Put Options Written — (0.6)%** | **Put Options Written — (0.6)%** | **Put Options Written — (0.6)%** |  |
| (4521) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (291627105)<br>| 416.00 | 06/18/26 | (1535377)<br>|
|  | (Premiums received $2,825,390) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (16066278)<br>|
|  | (Premiums received $9,816,219) | (Premiums received $9,816,219) | (Premiums received $9,816,219) | (Premiums received $9,816,219) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (188879)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $279283109 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $2715808 | &nbsp;&nbsp; $2715808 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 292822458 | &nbsp;&nbsp; — | &nbsp;&nbsp; 292822458 | &nbsp;&nbsp; — |
| Total | $295538266 | &nbsp;&nbsp; $2715808 | &nbsp;&nbsp; $292822458 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(16066278)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(16066278)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer ETF - July (FJUL)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** |
| 10944063 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $10944063 |
|  | (Cost $10,944,063) |  |
|  | **Total Investments — 1.1%** | 10944063 |
|  | (Cost $10,944,063) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 103.1%** | **PURCHASED OPTIONS — 103.1%** | **PURCHASED OPTIONS — 103.1%** | **PURCHASED OPTIONS — 103.1%** | **PURCHASED OPTIONS — 103.1%** | **PURCHASED OPTIONS — 103.1%** |
|  | **Call Options Purchased — 99.1%** | **Call Options Purchased — 99.1%** | **Call Options Purchased — 99.1%** | **Call Options Purchased — 99.1%** |  |
| 16029 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $1033950645 | $6.28 | 07/17/26 | 1016704884 |
|  | (Cost $986,263,331) |  |  |  |  |
|  | **Put Options Purchased — 4.0%** | **Put Options Purchased — 4.0%** | **Put Options Purchased — 4.0%** | **Put Options Purchased — 4.0%** |  |
| 16029 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 1033950645 | 627.58 | 07/17/26 | 41026546 |
|  | (Cost $54,277,299) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 1057731430 |
|  | (Cost $1,040,540,630) | (Cost $1,040,540,630) | (Cost $1,040,540,630) | (Cost $1,040,540,630) |  |
| **WRITTEN OPTIONS — (4.1)%** | **WRITTEN OPTIONS — (4.1)%** | **WRITTEN OPTIONS — (4.1)%** | **WRITTEN OPTIONS — (4.1)%** | **WRITTEN OPTIONS — (4.1)%** | **WRITTEN OPTIONS — (4.1)%** |
|  | **Call Options Written — (1.9)%** | **Call Options Written — (1.9)%** | **Call Options Written — (1.9)%** | **Call Options Written — (1.9)%** |  |
| (16029) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (1033950645)<br>| 718.89 | 07/17/26 | (18987473)<br>|
|  | (Premiums received $14,259,037) |  |  |  |  |
|  | **Put Options Written — (2.2)%** | **Put Options Written — (2.2)%** | **Put Options Written — (2.2)%** | **Put Options Written — (2.2)%** |  |
| (16029) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (1033950645)<br>| 564.82 | 07/17/26 | (22934934)<br>|
|  | (Premiums received $30,761,888) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (41922407)<br>|
|  | (Premiums received $45,020,925) | (Premiums received $45,020,925) | (Premiums received $45,020,925) | (Premiums received $45,020,925) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (692750)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $1026060336 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $10944063 | &nbsp;&nbsp; $10944063 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 1057731430 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1057731430 | &nbsp;&nbsp; — |
| Total | $1068675493 | &nbsp;&nbsp; $10944063 | &nbsp;&nbsp; $1057731430 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(41922407)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(41922407)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Deep Buffer ETF - July (DJUL)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** |
| 4223172 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $4223172 |
|  | (Cost $4,223,172) |  |
|  | **Total Investments — 1.1%** | 4223172 |
|  | (Cost $4,223,172) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 102.4%** | **PURCHASED OPTIONS — 102.4%** | **PURCHASED OPTIONS — 102.4%** | **PURCHASED OPTIONS — 102.4%** | **PURCHASED OPTIONS — 102.4%** | **PURCHASED OPTIONS — 102.4%** |
|  | **Call Options Purchased — 99.4%** | **Call Options Purchased — 99.4%** | **Call Options Purchased — 99.4%** | **Call Options Purchased — 99.4%** |  |
| 6291 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $405800955 | $6.27 | 07/17/26 | 399038445 |
|  | (Cost $386,926,694) |  |  |  |  |
|  | **Put Options Purchased — 3.0%** | **Put Options Purchased — 3.0%** | **Put Options Purchased — 3.0%** | **Put Options Purchased — 3.0%** |  |
| 6291 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 405800955 | 596.20 | 07/17/26 | 12053556 |
|  | (Cost $16,117,112) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 411092001 |
|  | (Cost $403,043,806) | (Cost $403,043,806) | (Cost $403,043,806) | (Cost $403,043,806) |  |
| **WRITTEN OPTIONS — (3.4)%** | **WRITTEN OPTIONS — (3.4)%** | **WRITTEN OPTIONS — (3.4)%** | **WRITTEN OPTIONS — (3.4)%** | **WRITTEN OPTIONS — (3.4)%** | **WRITTEN OPTIONS — (3.4)%** |
|  | **Call Options Written — (2.7)%** | **Call Options Written — (2.7)%** | **Call Options Written — (2.7)%** | **Call Options Written — (2.7)%** |  |
| (6291) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (405800955)<br>| 702.70 | 07/17/26 | (10857951)<br>|
|  | (Premiums received $8,680,435) |  |  |  |  |
|  | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** |  |
| (6291) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (405800955)<br>| 439.31 | 07/17/26 | (2848754)<br>|
|  | (Premiums received $3,786,318) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (13706705)<br>|
|  | (Premiums received $12,466,753) | (Premiums received $12,466,753) | (Premiums received $12,466,753) | (Premiums received $12,466,753) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (272474)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $401335994 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $4223172 | &nbsp;&nbsp; $4223172 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 411092001 | &nbsp;&nbsp; — | &nbsp;&nbsp; 411092001 | &nbsp;&nbsp; — |
| Total | $415315173 | &nbsp;&nbsp; $4223172 | &nbsp;&nbsp; $411092001 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(13706705)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(13706705)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer ETF - August (FAUG)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.2%** | **MONEY MARKET FUNDS — 1.2%** | **MONEY MARKET FUNDS — 1.2%** |
| 11081087 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $11081087 |
|  | (Cost $11,081,087) |  |
|  | **Total Investments — 1.2%** | 11081087 |
|  | (Cost $11,081,087) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 103.2%** | **PURCHASED OPTIONS — 103.2%** | **PURCHASED OPTIONS — 103.2%** | **PURCHASED OPTIONS — 103.2%** | **PURCHASED OPTIONS — 103.2%** | **PURCHASED OPTIONS — 103.2%** |
|  | **Call Options Purchased — 98.4%** | **Call Options Purchased — 98.4%** | **Call Options Purchased — 98.4%** | **Call Options Purchased — 98.4%** |  |
| 14967 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $965446335 | $6.43 | 08/21/26 | 949827971 |
|  | (Cost $942,325,782) |  |  |  |  |
|  | **Put Options Purchased — 4.8%** | **Put Options Purchased — 4.8%** | **Put Options Purchased — 4.8%** | **Put Options Purchased — 4.8%** |  |
| 14967 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 965446335 | 643.44 | 08/21/26 | 46575808 |
|  | (Cost $51,278,727) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 996403779 |
|  | (Cost $993,604,509) | (Cost $993,604,509) | (Cost $993,604,509) | (Cost $993,604,509) |  |
| **WRITTEN OPTIONS — (4.3)%** | **WRITTEN OPTIONS — (4.3)%** | **WRITTEN OPTIONS — (4.3)%** | **WRITTEN OPTIONS — (4.3)%** | **WRITTEN OPTIONS — (4.3)%** | **WRITTEN OPTIONS — (4.3)%** |
|  | **Call Options Written — (1.6)%** | **Call Options Written — (1.6)%** | **Call Options Written — (1.6)%** | **Call Options Written — (1.6)%** |  |
| (14967) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (965446335)<br>| 735.39 | 08/21/26 | (14907132)<br>|
|  | (Premiums received $12,172,904) |  |  |  |  |
|  | **Put Options Written — (2.7)%** | **Put Options Written — (2.7)%** | **Put Options Written — (2.7)%** | **Put Options Written — (2.7)%** |  |
| (14967) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (965446335)<br>| 579.10 | 08/21/26 | (26353894)<br>|
|  | (Premiums received $28,946,381) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (41261026)<br>|
|  | (Premiums received $41,119,285) | (Premiums received $41,119,285) | (Premiums received $41,119,285) | (Premiums received $41,119,285) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (688745)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $965535095 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $11081087 | &nbsp;&nbsp; $11081087 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 996403779 | &nbsp;&nbsp; — | &nbsp;&nbsp; 996403779 | &nbsp;&nbsp; — |
| Total | $1007484866 | &nbsp;&nbsp; $11081087 | &nbsp;&nbsp; $996403779 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(41261026)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(41261026)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Deep Buffer ETF - August (DAUG)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** |
| 3773455 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $3773455 |
|  | (Cost $3,773,455) |  |
|  | **Total Investments — 1.1%** | 3773455 |
|  | (Cost $3,773,455) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 102.0%** | **PURCHASED OPTIONS — 102.0%** | **PURCHASED OPTIONS — 102.0%** | **PURCHASED OPTIONS — 102.0%** | **PURCHASED OPTIONS — 102.0%** | **PURCHASED OPTIONS — 102.0%** |
|  | **Call Options Purchased — 98.3%** | **Call Options Purchased — 98.3%** | **Call Options Purchased — 98.3%** | **Call Options Purchased — 98.3%** |  |
| 5148 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $332071740 | $6.42 | 08/21/26 | 326208168 |
|  | (Cost $324,098,987) |  |  |  |  |
|  | **Put Options Purchased — 3.7%** | **Put Options Purchased — 3.7%** | **Put Options Purchased — 3.7%** | **Put Options Purchased — 3.7%** |  |
| 5148 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 332071740 | 611.27 | 08/21/26 | 12339756 |
|  | (Cost $13,288,663) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 338547924 |
|  | (Cost $337,387,650) | (Cost $337,387,650) | (Cost $337,387,650) | (Cost $337,387,650) |  |
| **WRITTEN OPTIONS — (3.0)%** | **WRITTEN OPTIONS — (3.0)%** | **WRITTEN OPTIONS — (3.0)%** | **WRITTEN OPTIONS — (3.0)%** | **WRITTEN OPTIONS — (3.0)%** | **WRITTEN OPTIONS — (3.0)%** |
|  | **Call Options Written — (2.2)%** | **Call Options Written — (2.2)%** | **Call Options Written — (2.2)%** | **Call Options Written — (2.2)%** |  |
| (5148) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (332071740)<br>| 720.52 | 08/21/26 | (7268976)<br>|
|  | (Premiums received $6,606,540) |  |  |  |  |
|  | **Put Options Written — (0.8)%** | **Put Options Written — (0.8)%** | **Put Options Written — (0.8)%** | **Put Options Written — (0.8)%** |  |
| (5148) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (332071740)<br>| 450.41 | 08/21/26 | (2754180)<br>|
|  | (Premiums received $3,166,940) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (10023156)<br>|
|  | (Premiums received $9,773,480) | (Premiums received $9,773,480) | (Premiums received $9,773,480) | (Premiums received $9,773,480) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (241195)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $332057028 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $3773455 | &nbsp;&nbsp; $3773455 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 338547924 | &nbsp;&nbsp; — | &nbsp;&nbsp; 338547924 | &nbsp;&nbsp; — |
| Total | $342321379 | &nbsp;&nbsp; $3773455 | &nbsp;&nbsp; $338547924 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(10023156)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(10023156)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer ETF - September (FSEP)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** |
| 3192540 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $3192540 |
|  | (Cost $3,192,540) |  |
|  | **Total Investments — 0.3%** | 3192540 |
|  | (Cost $3,192,540) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 100.8%** | **PURCHASED OPTIONS — 100.8%** | **PURCHASED OPTIONS — 100.8%** | **PURCHASED OPTIONS — 100.8%** | **PURCHASED OPTIONS — 100.8%** | **PURCHASED OPTIONS — 100.8%** |
|  | **Call Options Purchased — 100.7%** | **Call Options Purchased — 100.7%** | **Call Options Purchased — 100.7%** | **Call Options Purchased — 100.7%** |  |
| 14884 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $960092420 | $5.68 | 09/19/25 | 948978984 |
|  | (Cost $838,170,413) |  |  |  |  |
|  | **Put Options Purchased — 0.1%** | **Put Options Purchased — 0.1%** | **Put Options Purchased — 0.1%** | **Put Options Purchased — 0.1%** |  |
| 14884 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 960092420 | 568.25 | 09/19/25 | 623193 |
|  | (Cost $39,406,677) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 949602177 |
|  | (Cost $877,577,090) | (Cost $877,577,090) | (Cost $877,577,090) | (Cost $877,577,090) |  |
| **WRITTEN OPTIONS — (1.0)%** | **WRITTEN OPTIONS — (1.0)%** | **WRITTEN OPTIONS — (1.0)%** | **WRITTEN OPTIONS — (1.0)%** | **WRITTEN OPTIONS — (1.0)%** | **WRITTEN OPTIONS — (1.0)%** |
|  | **Call Options Written — (1.0)%** | **Call Options Written — (1.0)%** | **Call Options Written — (1.0)%** | **Call Options Written — (1.0)%** |  |
| (14884) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (960092420)<br>| 646.10 | 09/19/25 | (9619827)<br>|
|  | (Premiums received $8,999,124) |  |  |  |  |
|  | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** |  |
| (14884) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (960092420)<br>| 511.43 | 09/19/25 | (279968)<br>|
|  | (Premiums received $19,785,783) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (9899795)<br>|
|  | (Premiums received $28,784,907) | (Premiums received $28,784,907) | (Premiums received $28,784,907) | (Premiums received $28,784,907) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (662125)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $942232797 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $3192540 | &nbsp;&nbsp; $3192540 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 949602177 | &nbsp;&nbsp; — | &nbsp;&nbsp; 949602177 | &nbsp;&nbsp; — |
| Total | $952794717 | &nbsp;&nbsp; $3192540 | &nbsp;&nbsp; $949602177 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(9899795)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(9899795)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Deep Buffer ETF - September (DSEP)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** |
| 884841 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $884841 |
|  | (Cost $884,841) |  |
|  | **Total Investments — 0.3%** | 884841 |
|  | (Cost $884,841) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 102.2%** | **PURCHASED OPTIONS — 102.2%** | **PURCHASED OPTIONS — 102.2%** | **PURCHASED OPTIONS — 102.2%** | **PURCHASED OPTIONS — 102.2%** | **PURCHASED OPTIONS — 102.2%** |
|  | **Call Options Purchased — 102.2%** | **Call Options Purchased — 102.2%** | **Call Options Purchased — 102.2%** | **Call Options Purchased — 102.2%** |  |
| 4220 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $272211100 | $5.67 | 09/19/25 | 269046100 |
|  | (Cost $235,911,274) |  |  |  |  |
|  | **Put Options Purchased — 0.0%** | **Put Options Purchased — 0.0%** | **Put Options Purchased — 0.0%** | **Put Options Purchased — 0.0%** |  |
| 4220 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 272211100 | 539.84 | 09/19/25 | 126600 |
|  | (Cost $8,104,690) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 269172700 |
|  | (Cost $244,015,964) | (Cost $244,015,964) | (Cost $244,015,964) | (Cost $244,015,964) |  |
| **WRITTEN OPTIONS — (2.4)%** | **WRITTEN OPTIONS — (2.4)%** | **WRITTEN OPTIONS — (2.4)%** | **WRITTEN OPTIONS — (2.4)%** | **WRITTEN OPTIONS — (2.4)%** | **WRITTEN OPTIONS — (2.4)%** |
|  | **Call Options Written — (2.4)%** | **Call Options Written — (2.4)%** | **Call Options Written — (2.4)%** | **Call Options Written — (2.4)%** |  |
| (4220) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (272211100)<br>| 633.49 | 09/19/25 | (6469260)<br>|
|  | (Premiums received $3,096,663) |  |  |  |  |
|  | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** |  |
| (4220) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (272211100)<br>| 397.78 | 09/19/25 | (16880)<br>|
|  | (Premiums received $1,802,937) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (6486140)<br>|
|  | (Premiums received $4,899,600) | (Premiums received $4,899,600) | (Premiums received $4,899,600) | (Premiums received $4,899,600) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (193973)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $263377428 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $884841 | &nbsp;&nbsp; $884841 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 269172700 | &nbsp;&nbsp; — | &nbsp;&nbsp; 269172700 | &nbsp;&nbsp; — |
| Total | $270057541 | &nbsp;&nbsp; $884841 | &nbsp;&nbsp; $269172700 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(6486140)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(6486140)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer ETF - October (FOCT)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** |
| 3979435 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $3979435 |
|  | (Cost $3,979,435) |  |
|  | **Total Investments — 0.4%** | 3979435 |
|  | (Cost $3,979,435) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 100.3%** | **PURCHASED OPTIONS — 100.3%** | **PURCHASED OPTIONS — 100.3%** | **PURCHASED OPTIONS — 100.3%** | **PURCHASED OPTIONS — 100.3%** | **PURCHASED OPTIONS — 100.3%** |
|  | **Call Options Purchased — 99.9%** | **Call Options Purchased — 99.9%** | **Call Options Purchased — 99.9%** | **Call Options Purchased — 99.9%** |  |
| 14851 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $957963755 | $5.85 | 10/17/25 | 946831000 |
|  | (Cost $861,722,652) |  |  |  |  |
|  | **Put Options Purchased — 0.4%** | **Put Options Purchased — 0.4%** | **Put Options Purchased — 0.4%** | **Put Options Purchased — 0.4%** |  |
| 14851 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 957963755 | 584.59 | 10/17/25 | 3250438 |
|  | (Cost $39,232,190) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 950081438 |
|  | (Cost $900,954,842) | (Cost $900,954,842) | (Cost $900,954,842) | (Cost $900,954,842) |  |
| **WRITTEN OPTIONS — (0.6)%** | **WRITTEN OPTIONS — (0.6)%** | **WRITTEN OPTIONS — (0.6)%** | **WRITTEN OPTIONS — (0.6)%** | **WRITTEN OPTIONS — (0.6)%** | **WRITTEN OPTIONS — (0.6)%** |
|  | **Call Options Written — (0.5)%** | **Call Options Written — (0.5)%** | **Call Options Written — (0.5)%** | **Call Options Written — (0.5)%** |  |
| (14851) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (957963755)<br>| 666.96 | 10/17/25 | (4565346)<br>|
|  | (Premiums received $11,389,707) |  |  |  |  |
|  | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** |  |
| (14851) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (957963755)<br>| 526.13 | 10/17/25 | (1162387)<br>|
|  | (Premiums received $19,483,146) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (5727733)<br>|
|  | (Premiums received $30,872,853) | (Premiums received $30,872,853) | (Premiums received $30,872,853) | (Premiums received $30,872,853) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (671043)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $947662097 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $3979435 | &nbsp;&nbsp; $3979435 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 950081438 | &nbsp;&nbsp; — | &nbsp;&nbsp; 950081438 | &nbsp;&nbsp; — |
| Total | $954060873 | &nbsp;&nbsp; $3979435 | &nbsp;&nbsp; $950081438 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(5727733)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(5727733)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Deep Buffer ETF - October (DOCT)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** |
| 1284330 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $1284330 |
|  | (Cost $1,284,330) |  |
|  | **Total Investments — 0.4%** | 1284330 |
|  | (Cost $1,284,330) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 100.9%** | **PURCHASED OPTIONS — 100.9%** | **PURCHASED OPTIONS — 100.9%** | **PURCHASED OPTIONS — 100.9%** | **PURCHASED OPTIONS — 100.9%** | **PURCHASED OPTIONS — 100.9%** |
|  | **Call Options Purchased — 100.7%** | **Call Options Purchased — 100.7%** | **Call Options Purchased — 100.7%** | **Call Options Purchased — 100.7%** |  |
| 4802 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $309753010 | $5.84 | 10/17/25 | 306113094 |
|  | (Cost $277,137,551) |  |  |  |  |
|  | **Put Options Purchased — 0.2%** | **Put Options Purchased — 0.2%** | **Put Options Purchased — 0.2%** | **Put Options Purchased — 0.2%** |  |
| 4802 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 309753010 | 555.36 | 10/17/25 | 605052 |
|  | (Cost $10,920,426) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 306718146 |
|  | (Cost $288,057,977) | (Cost $288,057,977) | (Cost $288,057,977) | (Cost $288,057,977) |  |
| **WRITTEN OPTIONS — (1.2)%** | **WRITTEN OPTIONS — (1.2)%** | **WRITTEN OPTIONS — (1.2)%** | **WRITTEN OPTIONS — (1.2)%** | **WRITTEN OPTIONS — (1.2)%** | **WRITTEN OPTIONS — (1.2)%** |
|  | **Call Options Written — (1.2)%** | **Call Options Written — (1.2)%** | **Call Options Written — (1.2)%** | **Call Options Written — (1.2)%** |  |
| (4802) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (309753010)<br>| 654.45 | 10/17/25 | (3692738)<br>|
|  | (Premiums received $4,574,848) |  |  |  |  |
|  | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** |  |
| (4802) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (309753010)<br>| 409.21 | 10/17/25 | (72030)<br>|
|  | (Premiums received $1,938,682) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (3764768)<br>|
|  | (Premiums received $6,513,530) | (Premiums received $6,513,530) | (Premiums received $6,513,530) | (Premiums received $6,513,530) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (232788)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $304004920 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $1284330 | &nbsp;&nbsp; $1284330 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 306718146 | &nbsp;&nbsp; — | &nbsp;&nbsp; 306718146 | &nbsp;&nbsp; — |
| Total | $308002476 | &nbsp;&nbsp; $1284330 | &nbsp;&nbsp; $306718146 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(3764768)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(3764768)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer ETF - November (FNOV)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** |
| 4772307 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $4772307 |
|  | (Cost $4,772,307) |  |
|  | **Total Investments — 0.5%** | 4772307 |
|  | (Cost $4,772,307) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 100.9%** | **PURCHASED OPTIONS — 100.9%** | **PURCHASED OPTIONS — 100.9%** | **PURCHASED OPTIONS — 100.9%** | **PURCHASED OPTIONS — 100.9%** | **PURCHASED OPTIONS — 100.9%** |
|  | **Call Options Purchased — 100.2%** | **Call Options Purchased — 100.2%** | **Call Options Purchased — 100.2%** | **Call Options Purchased — 100.2%** |  |
| 15498 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $999698490 | $5.86 | 11/21/25 | 988010673 |
|  | (Cost $898,876,085) |  |  |  |  |
|  | **Put Options Purchased — 0.7%** | **Put Options Purchased — 0.7%** | **Put Options Purchased — 0.7%** | **Put Options Purchased — 0.7%** |  |
| 15498 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 999698490 | 585.75 | 11/21/25 | 7338303 |
|  | (Cost $41,307,582) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 995348976 |
|  | (Cost $940,183,667) | (Cost $940,183,667) | (Cost $940,183,667) | (Cost $940,183,667) |  |
| **WRITTEN OPTIONS — (1.3)%** | **WRITTEN OPTIONS — (1.3)%** | **WRITTEN OPTIONS — (1.3)%** | **WRITTEN OPTIONS — (1.3)%** | **WRITTEN OPTIONS — (1.3)%** | **WRITTEN OPTIONS — (1.3)%** |
|  | **Call Options Written — (1.0)%** | **Call Options Written — (1.0)%** | **Call Options Written — (1.0)%** | **Call Options Written — (1.0)%** |  |
| (15498) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (999698490)<br>| 670.45 | 11/21/25 | (9879510)<br>|
|  | (Premiums received $10,545,008) |  |  |  |  |
|  | **Put Options Written — (0.3)%** | **Put Options Written — (0.3)%** | **Put Options Written — (0.3)%** | **Put Options Written — (0.3)%** |  |
| (15498) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (999698490)<br>| 527.18 | 11/21/25 | (3005682)<br>|
|  | (Premiums received $20,766,285) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (12885192)<br>|
|  | (Premiums received $31,311,293) | (Premiums received $31,311,293) | (Premiums received $31,311,293) | (Premiums received $31,311,293) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (689381)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $986546710 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $4772307 | &nbsp;&nbsp; $4772307 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 995348976 | &nbsp;&nbsp; — | &nbsp;&nbsp; 995348976 | &nbsp;&nbsp; — |
| Total | $1000121283 | &nbsp;&nbsp; $4772307 | &nbsp;&nbsp; $995348976 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(12885192)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(12885192)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Deep Buffer ETF - November (DNOV)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** |
| 1555592 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $1555592 |
|  | (Cost $1,555,592) |  |
|  | **Total Investments — 0.5%** | 1555592 |
|  | (Cost $1,555,592) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 101.5%** | **PURCHASED OPTIONS — 101.5%** | **PURCHASED OPTIONS — 101.5%** | **PURCHASED OPTIONS — 101.5%** | **PURCHASED OPTIONS — 101.5%** | **PURCHASED OPTIONS — 101.5%** |
|  | **Call Options Purchased — 101.0%** | **Call Options Purchased — 101.0%** | **Call Options Purchased — 101.0%** | **Call Options Purchased — 101.0%** |  |
| 5141 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $331620205 | $5.85 | 11/21/25 | 327748209 |
|  | (Cost $296,472,741) |  |  |  |  |
|  | **Put Options Purchased — 0.5%** | **Put Options Purchased — 0.5%** | **Put Options Purchased — 0.5%** | **Put Options Purchased — 0.5%** |  |
| 5141 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 331620205 | 556.46 | 11/21/25 | 1510220 |
|  | (Cost $10,478,468) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 329258429 |
|  | (Cost $306,951,209) | (Cost $306,951,209) | (Cost $306,951,209) | (Cost $306,951,209) |  |
| **WRITTEN OPTIONS — (1.9)%** | **WRITTEN OPTIONS — (1.9)%** | **WRITTEN OPTIONS — (1.9)%** | **WRITTEN OPTIONS — (1.9)%** | **WRITTEN OPTIONS — (1.9)%** | **WRITTEN OPTIONS — (1.9)%** |
|  | **Call Options Written — (1.8)%** | **Call Options Written — (1.8)%** | **Call Options Written — (1.8)%** | **Call Options Written — (1.8)%** |  |
| (5141) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (331620205)<br>| 658.73 | 11/21/25 | (5817196)<br>|
|  | (Premiums received $5,527,260) |  |  |  |  |
|  | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** |  |
| (5141) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (331620205)<br>| 410.03 | 11/21/25 | (288461)<br>|
|  | (Premiums received $2,050,061) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (6105657)<br>|
|  | (Premiums received $7,577,321) | (Premiums received $7,577,321) | (Premiums received $7,577,321) | (Premiums received $7,577,321) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (226875)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $324481489 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $1555592 | &nbsp;&nbsp; $1555592 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 329258429 | &nbsp;&nbsp; — | &nbsp;&nbsp; 329258429 | &nbsp;&nbsp; — |
| Total | $330814021 | &nbsp;&nbsp; $1555592 | &nbsp;&nbsp; $329258429 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(6105657)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(6105657)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer ETF - December (FDEC)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** |
| 5911331 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $5911331 |
|  | (Cost $5,911,331) |  |
|  | **Total Investments — 0.6%** | 5911331 |
|  | (Cost $5,911,331) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 101.0%** | **PURCHASED OPTIONS — 101.0%** | **PURCHASED OPTIONS — 101.0%** | **PURCHASED OPTIONS — 101.0%** | **PURCHASED OPTIONS — 101.0%** | **PURCHASED OPTIONS — 101.0%** |
|  | **Call Options Purchased — 99.9%** | **Call Options Purchased — 99.9%** | **Call Options Purchased — 99.9%** | **Call Options Purchased — 99.9%** |  |
| 16558 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $1068073790 | $5.91 | 12/19/25 | 1052568547 |
|  | (Cost $964,859,690) |  |  |  |  |
|  | **Put Options Purchased — 1.1%** | **Put Options Purchased — 1.1%** | **Put Options Purchased — 1.1%** | **Put Options Purchased — 1.1%** |  |
| 16558 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 1068073790 | 591.15 | 12/19/25 | 12120125 |
|  | (Cost $47,723,084) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 1064688672 |
|  | (Cost $1,012,582,774) | (Cost $1,012,582,774) | (Cost $1,012,582,774) | (Cost $1,012,582,774) |  |
| **WRITTEN OPTIONS — (1.5)%** | **WRITTEN OPTIONS — (1.5)%** | **WRITTEN OPTIONS — (1.5)%** | **WRITTEN OPTIONS — (1.5)%** | **WRITTEN OPTIONS — (1.5)%** | **WRITTEN OPTIONS — (1.5)%** |
|  | **Call Options Written — (1.0)%** | **Call Options Written — (1.0)%** | **Call Options Written — (1.0)%** | **Call Options Written — (1.0)%** |  |
| (16558) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (1068073790)<br>| 678.40 | 12/19/25 | (10634210)<br>|
|  | (Premiums received $14,211,044) |  |  |  |  |
|  | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** |  |
| (16558) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (1068073790)<br>| 532.04 | 12/19/25 | (5288128)<br>|
|  | (Premiums received $25,673,960) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (15922338)<br>|
|  | (Premiums received $39,885,004) | (Premiums received $39,885,004) | (Premiums received $39,885,004) | (Premiums received $39,885,004) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (733036)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $1053944629 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $5911331 | &nbsp;&nbsp; $5911331 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 1064688672 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1064688672 | &nbsp;&nbsp; — |
| Total | $1070600003 | &nbsp;&nbsp; $5911331 | &nbsp;&nbsp; $1064688672 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(15922338)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(15922338)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Deep Buffer ETF - December (DDEC)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** |
| 1907073 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $1907073 |
|  | (Cost $1,907,073) |  |
|  | **Total Investments — 0.6%** | 1907073 |
|  | (Cost $1,907,073) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 101.5%** | **PURCHASED OPTIONS — 101.5%** | **PURCHASED OPTIONS — 101.5%** | **PURCHASED OPTIONS — 101.5%** | **PURCHASED OPTIONS — 101.5%** | **PURCHASED OPTIONS — 101.5%** |
|  | **Call Options Purchased — 100.8%** | **Call Options Purchased — 100.8%** | **Call Options Purchased — 100.8%** | **Call Options Purchased — 100.8%** |  |
| 5448 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $351423240 | $5.90 | 12/19/25 | 346326963 |
|  | (Cost $316,961,394) |  |  |  |  |
|  | **Put Options Purchased — 0.7%** | **Put Options Purchased — 0.7%** | **Put Options Purchased — 0.7%** | **Put Options Purchased — 0.7%** |  |
| 5448 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 351423240 | 561.59 | 12/19/25 | 2591831 |
|  | (Cost $12,414,973) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 348918794 |
|  | (Cost $329,376,367) | (Cost $329,376,367) | (Cost $329,376,367) | (Cost $329,376,367) |  |
| **WRITTEN OPTIONS — (2.0)%** | **WRITTEN OPTIONS — (2.0)%** | **WRITTEN OPTIONS — (2.0)%** | **WRITTEN OPTIONS — (2.0)%** | **WRITTEN OPTIONS — (2.0)%** | **WRITTEN OPTIONS — (2.0)%** |
|  | **Call Options Written — (1.8)%** | **Call Options Written — (1.8)%** | **Call Options Written — (1.8)%** | **Call Options Written — (1.8)%** |  |
| (5448) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (351423240)<br>| 664.51 | 12/19/25 | (6349099)<br>|
|  | (Premiums received $6,414,448) |  |  |  |  |
|  | **Put Options Written — (0.2)%** | **Put Options Written — (0.2)%** | **Put Options Written — (0.2)%** | **Put Options Written — (0.2)%** |  |
| (5448) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (351423240)<br>| 413.81 | 12/19/25 | (531943)<br>|
|  | (Premiums received $2,634,673) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (6881042)<br>|
|  | (Premiums received $9,049,121) | (Premiums received $9,049,121) | (Premiums received $9,049,121) | (Premiums received $9,049,121) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (238712)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $343706113 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $1907073 | &nbsp;&nbsp; $1907073 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 348918794 | &nbsp;&nbsp; — | &nbsp;&nbsp; 348918794 | &nbsp;&nbsp; — |
| Total | $350825867 | &nbsp;&nbsp; $1907073 | &nbsp;&nbsp; $348918794 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(6881042)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(6881042)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest Buffered Allocation Defensive ETF (BUFT)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** |
|  | **Capital Markets (a) — 100.0%** |  |
| 469618 | FT Vest U.S. Equity Enhance & <br> Moderate Buffer ETF - <br> March (b) | $18264899 |
| 385345 | FT Vest U.S. Equity Moderate <br> Buffer ETF - March (b) | 15305904 |
| 496672 | FT Vest U.S. Equity Deep <br> Buffer ETF - April (b) | 19029789 |
| 617912 | FT Vest U.S. Equity Enhance & <br> Moderate Buffer ETF - <br> April (b) | 21990314 |
| 459803 | FT Vest U.S. Equity Moderate <br> Buffer ETF - April (b) | 17904637 |
| 470806 | FT Vest U.S. Equity Enhance & <br> Moderate Buffer ETF - <br> September (b) | 19483647 |
| 413883 | FT Vest U.S. Equity Enhance & <br> Moderate Buffer ETF - <br> October (b) | 15115007 |
|  | **Total Exchange-Traded Funds** | 127094197 |
|  | (Cost $122,706,681) |  |
| **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** |
| 19753 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 4.13% (c) | 19753 |
|  | (Cost $19,753) |  |
|  | **Total Investments — 100.0%** | 127113950 |
|  | (Cost $122,726,434) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (21244)<br>|
|  | **Net Assets — 100.0%** | $127092706 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents
 investments in affiliated funds.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Exchange-Traded <br> Funds\*<br>| $127094197 | $127094197 | $— | $— |
| Money Market Funds | 19753 | 19753 |  |  |
| Total Investments | $127113950 | $127113950 | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**FT Vest Buffered Allocation Growth ETF (BUFG)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** |
|  | **Capital Markets (a) — 100.0%** |  |
| 811589 | FT Vest U.S. Equity Buffer ETF <br> - January (b) | $39881483 |
| 747362 | FT Vest U.S. Equity Buffer ETF <br> - February (b) | 40327205 |
| 770180 | FT Vest U.S. Equity Buffer ETF <br> - May (b) | 39610357 |
| 811123 | FT Vest U.S. Equity Buffer ETF <br> - September (b) | 40257576 |
| 865420 | FT Vest U.S. Equity Buffer ETF <br> - October (b) | 40008367 |
| 776770 | FT Vest U.S. Equity Buffer ETF <br> - November (b) | 40201576 |
| 840406 | FT Vest U.S. Equity Buffer ETF <br> - December (b) | 40478155 |
|  | **Total Exchange-Traded Funds** | 280764719 |
|  | (Cost $265,292,361) |  |
| **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** |
| 148149 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 4.13% (c) | 148149 |
|  | (Cost $148,149) |  |
|  | **Total Investments — 100.0%** | 280912868 |
|  | (Cost $265,440,510) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (46392)<br>|
|  | **Net Assets — 100.0%** | $280866476 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents
 investments in affiliated funds.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Exchange-Traded <br> Funds\*<br>| $280764719 | $280764719 | $— | $— |
| Money Market Funds | 148149 | 148149 |  |  |
| Total Investments | $280912868 | $280912868 | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

This page intentionally left blank.

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Assets and Liabilities**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **U.S. Equity** <br> **Buffer ETF -** <br> **January** <br>**(FJAN)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Deep Buffer** <br> **ETF - January** <br>**(DJAN)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Buffer ETF -** <br> **February** <br>**(FFEB)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Deep Buffer** <br> **ETF - February** <br>**(DFEB)** <br>|
| **ASSETS:** |  |  |  |  |
| Investments, at value - Unaffiliated | $7059996 | &nbsp;&nbsp; $2213140 | &nbsp;&nbsp; $7724365 | &nbsp;&nbsp; $2852624 |
| Investments, at value - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total investments, at value | 7059996 | &nbsp;&nbsp; 2213140 | &nbsp;&nbsp; 7724365 | &nbsp;&nbsp; 2852624 |
| Options contracts purchased, at value | 1133467786 | &nbsp;&nbsp; 356394229 | &nbsp;&nbsp; 1112224842 | &nbsp;&nbsp; 415321617 |
| Due from broker | 170 | &nbsp;&nbsp; 202 | &nbsp;&nbsp; 147 | &nbsp;&nbsp; 7604 |
| Receivables: |  |  |  |  |
| Dividends | 25577 | &nbsp;&nbsp; 8042 | &nbsp;&nbsp; 28055 | &nbsp;&nbsp; 10485 |
| Investment securities sold |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Capital shares sold |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Assets | 1140553529 | &nbsp;&nbsp; 358615613 | &nbsp;&nbsp; 1119977409 | &nbsp;&nbsp; 418192330 |
| **LIABILITIES:** |  |  |  |  |
| Options contracts written, at value | 22138206 | &nbsp;&nbsp; 7930293 | &nbsp;&nbsp; 27695248 | &nbsp;&nbsp; 11226203 |
| Payables: |  |  |  |  |
| Investment advisory fees | 799837 | &nbsp;&nbsp; 251619 | &nbsp;&nbsp; 783226 | &nbsp;&nbsp; 294808 |
| Investment securities purchased |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Capital shares redeemed |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Liabilities | 22938043 | &nbsp;&nbsp; 8181912 | &nbsp;&nbsp; 28478474 | &nbsp;&nbsp; 11521011 |
| **NET ASSETS** | $1117615486 | &nbsp;&nbsp; $350433701 | &nbsp;&nbsp; $1091498935 | &nbsp;&nbsp; $406671319 |
| **NET ASSETS consist of:** |  |  |  |  |
| Paid-in capital | $1151458294 | &nbsp;&nbsp; $352322487 | &nbsp;&nbsp; $1135738168 | &nbsp;&nbsp; $412792717 |
| Par value | 227500 | &nbsp;&nbsp; 84500 | &nbsp;&nbsp; 202000 | &nbsp;&nbsp; 88750 |
| Accumulated distributable earnings (loss) | (34070308)<br>| &nbsp;&nbsp; (1973286)<br>| &nbsp;&nbsp; (44441233)<br>| &nbsp;&nbsp; (6210148)<br>|
| **NET ASSETS** | $1117615486 | &nbsp;&nbsp; $350433701 | &nbsp;&nbsp; $1091498935 | &nbsp;&nbsp; $406671319 |
| **NET ASSET VALUE,** per share | $49.13 | &nbsp;&nbsp; $41.47 | &nbsp;&nbsp; $54.03 | &nbsp;&nbsp; $45.82 |
| Number of shares outstanding (unlimited number of <br> shares authorized, par value $0.01 per share)<br>| 22750002 | &nbsp;&nbsp; 8450002 | &nbsp;&nbsp; 20200002 | &nbsp;&nbsp; 8875002 |
| Investments, at cost - Unaffiliated | $7059996 | &nbsp;&nbsp; $2213140 | &nbsp;&nbsp; $7724365 | &nbsp;&nbsp; $2852624 |
| Investments, at cost - Affiliated | $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Total investments, at cost | $7059996 | &nbsp;&nbsp; $2213140 | &nbsp;&nbsp; $7724365 | &nbsp;&nbsp; $2852624 |
| Premiums paid on options contracts purchased | $1079844920 | &nbsp;&nbsp; $338732665 | &nbsp;&nbsp; $1055146758 | &nbsp;&nbsp; $389623850 |
| Premiums received on options contracts written | $40559334 | &nbsp;&nbsp; $8644082 | &nbsp;&nbsp; $38112161 | &nbsp;&nbsp; $8473400 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest** <br> **U.S. Equity Buffer** <br> **ETF - March** <br>**(FMAR)** <br>| **FT Vest** <br> **U.S. Equity Deep** <br> **Buffer ETF -** <br> **March** <br>**(DMAR)** <br>| **FT Vest** <br> **U.S. Equity Buffer** <br> **ETF - April** <br>**(FAPR)** <br>| **FT Vest** <br> **U.S. Equity Deep** <br> **Buffer ETF -** <br> **April** <br>**(DAPR)** <br>| **FT Vest** <br> **U.S. Equity Buffer** <br> **ETF - May** <br>**(FMAY)** <br>| **FT Vest** <br> **U.S. Equity Deep** <br> **Buffer ETF - May** <br>**(DMAY)** <br>|
| $6535171 | &nbsp;&nbsp; $2647175 | &nbsp;&nbsp; $6812403 | &nbsp;&nbsp; $2317476 | &nbsp;&nbsp; $9242736 | &nbsp;&nbsp; $2557283 |
| 6535171 | &nbsp;&nbsp; 2647175 | &nbsp;&nbsp; 6812403 | &nbsp;&nbsp; 2317476 | &nbsp;&nbsp; 9242736 | &nbsp;&nbsp; 2557283 |
| 928242407 | &nbsp;&nbsp; 381885178 | &nbsp;&nbsp; 945145662 | &nbsp;&nbsp; 321144662 | &nbsp;&nbsp; 1073934413 | &nbsp;&nbsp; 301309175 |
| 527 | &nbsp;&nbsp; 203 | &nbsp;&nbsp; 329 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 199 | &nbsp;&nbsp; 202 |
| 24220 | &nbsp;&nbsp; 9595 | &nbsp;&nbsp; 24138 | &nbsp;&nbsp; 8332 | &nbsp;&nbsp; 33296 | &nbsp;&nbsp; 9223 |
| 934802325 | &nbsp;&nbsp; 384542151 | &nbsp;&nbsp; 951982532 | &nbsp;&nbsp; 323470670 | &nbsp;&nbsp; 1083210644 | &nbsp;&nbsp; 303875883 |
| 55708122 | &nbsp;&nbsp; 25912809 | &nbsp;&nbsp; 87505198 | &nbsp;&nbsp; 36843159 | &nbsp;&nbsp; 47392983 | &nbsp;&nbsp; 14529043 |
| 654261 | &nbsp;&nbsp; 256987 | &nbsp;&nbsp; 612706 | &nbsp;&nbsp; 203766 | &nbsp;&nbsp; 741429 | &nbsp;&nbsp; 207278 |
| 56362383 | &nbsp;&nbsp; 26169796 | &nbsp;&nbsp; 88117904 | &nbsp;&nbsp; 37046925 | &nbsp;&nbsp; 48134412 | &nbsp;&nbsp; 14736321 |
| $878439942 | &nbsp;&nbsp; $358372355 | &nbsp;&nbsp; $863864628 | &nbsp;&nbsp; $286423745 | &nbsp;&nbsp; $1035076232 | &nbsp;&nbsp; $289139562 |
| $867320134 | &nbsp;&nbsp; $355996696 | &nbsp;&nbsp; $873688676 | &nbsp;&nbsp; $295151184 | &nbsp;&nbsp; $1083907477 | &nbsp;&nbsp; $295694438 |
| 191500 | &nbsp;&nbsp; 88750 | &nbsp;&nbsp; 200500 | &nbsp;&nbsp; 74750 | &nbsp;&nbsp; 201250 | &nbsp;&nbsp; 66000 |
| 10928308 | &nbsp;&nbsp; 2286909 | &nbsp;&nbsp; (10024548)<br>| &nbsp;&nbsp; (8802189)<br>| &nbsp;&nbsp; (49032495)<br>| &nbsp;&nbsp; (6620876)<br>|
| $878439942 | &nbsp;&nbsp; $358372355 | &nbsp;&nbsp; $863864628 | &nbsp;&nbsp; $286423745 | &nbsp;&nbsp; $1035076232 | &nbsp;&nbsp; $289139562 |
| $45.87 | &nbsp;&nbsp; $40.38 | &nbsp;&nbsp; $43.09 | &nbsp;&nbsp; $38.32 | &nbsp;&nbsp; $51.43 | &nbsp;&nbsp; $43.81 |
| 19150002 | &nbsp;&nbsp; 8875002 | &nbsp;&nbsp; 20050002 | &nbsp;&nbsp; 7475002 | &nbsp;&nbsp; 20125002 | &nbsp;&nbsp; 6600002 |
| $6535171 | &nbsp;&nbsp; $2647175 | &nbsp;&nbsp; $6812403 | &nbsp;&nbsp; $2317476 | &nbsp;&nbsp; $9242736 | &nbsp;&nbsp; $2557283 |
| $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| $6535171 | &nbsp;&nbsp; $2647175 | &nbsp;&nbsp; $6812403 | &nbsp;&nbsp; $2317476 | &nbsp;&nbsp; $9242736 | &nbsp;&nbsp; $2557283 |
| $843793375 | &nbsp;&nbsp; $344754028 | &nbsp;&nbsp; $819384970 | &nbsp;&nbsp; $278539106 | &nbsp;&nbsp; $1014734502 | &nbsp;&nbsp; $283942613 |
| $36133291 | &nbsp;&nbsp; $11550906 | &nbsp;&nbsp; $48791919 | &nbsp;&nbsp; $14510122 | &nbsp;&nbsp; $44349597 | &nbsp;&nbsp; $9879379 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Assets and Liabilities (Continued)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **U.S. Equity** <br> **Buffer ETF -** <br> **June** <br>**(FJUN)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Deep Buffer** <br> **ETF - June** <br>**(DJUN)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Buffer ETF -** <br> **July** <br>**(FJUL)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Deep Buffer** <br> **ETF - July** <br>**(DJUL)** <br>|
| **ASSETS:** |  |  |  |  |
| Investments, at value - Unaffiliated | $9628064 | &nbsp;&nbsp; $2715808 | &nbsp;&nbsp; $10944063 | &nbsp;&nbsp; $4223172 |
| Investments, at value - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total investments, at value | 9628064 | &nbsp;&nbsp; 2715808 | &nbsp;&nbsp; 10944063 | &nbsp;&nbsp; 4223172 |
| Options contracts purchased, at value | 1035542521 | &nbsp;&nbsp; 292822458 | &nbsp;&nbsp; 1057731430 | &nbsp;&nbsp; 411092001 |
| Due from broker | 291 | &nbsp;&nbsp; 4966 | &nbsp;&nbsp; 199 | &nbsp;&nbsp; 197 |
| Receivables: |  |  |  |  |
| Dividends | 34436 | &nbsp;&nbsp; 9892 | &nbsp;&nbsp; 39132 | &nbsp;&nbsp; 15186 |
| Investment securities sold |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Capital shares sold |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Assets | 1045205312 | &nbsp;&nbsp; 295553124 | &nbsp;&nbsp; 1068714824 | &nbsp;&nbsp; 415330556 |
| **LIABILITIES:** |  |  |  |  |
| Options contracts written, at value | 51461428 | &nbsp;&nbsp; 16066278 | &nbsp;&nbsp; 41922407 | &nbsp;&nbsp; 13706705 |
| Payables: |  |  |  |  |
| Investment advisory fees | 709098 | &nbsp;&nbsp; 203737 | &nbsp;&nbsp; 732081 | &nbsp;&nbsp; 287857 |
| Investment securities purchased |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Capital shares redeemed |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Liabilities | 52170526 | &nbsp;&nbsp; 16270015 | &nbsp;&nbsp; 42654488 | &nbsp;&nbsp; 13994562 |
| **NET ASSETS** | $993034786 | &nbsp;&nbsp; $279283109 | &nbsp;&nbsp; $1026060336 | &nbsp;&nbsp; $401335994 |
| **NET ASSETS consist of:** |  |  |  |  |
| Paid-in capital | $1060617381 | &nbsp;&nbsp; $300801653 | &nbsp;&nbsp; $1123854436 | &nbsp;&nbsp; $424876295 |
| Par value | 180250 | &nbsp;&nbsp; 60750 | &nbsp;&nbsp; 191250 | &nbsp;&nbsp; 87250 |
| Accumulated distributable earnings (loss) | (67762845)<br>| &nbsp;&nbsp; (21579294)<br>| &nbsp;&nbsp; (97985350)<br>| &nbsp;&nbsp; (23627551)<br>|
| **NET ASSETS** | $993034786 | &nbsp;&nbsp; $279283109 | &nbsp;&nbsp; $1026060336 | &nbsp;&nbsp; $401335994 |
| **NET ASSET VALUE,** per share | $55.09 | &nbsp;&nbsp; $45.97 | &nbsp;&nbsp; $53.65 | &nbsp;&nbsp; $46.00 |
| Number of shares outstanding (unlimited number of <br> shares authorized, par value $0.01 per share)<br>| 18025002 | &nbsp;&nbsp; 6075002 | &nbsp;&nbsp; 19125002 | &nbsp;&nbsp; 8725002 |
| Investments, at cost - Unaffiliated | $9628064 | &nbsp;&nbsp; $2715808 | &nbsp;&nbsp; $10944063 | &nbsp;&nbsp; $4223172 |
| Investments, at cost - Affiliated | $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Total investments, at cost | $9628064 | &nbsp;&nbsp; $2715808 | &nbsp;&nbsp; $10944063 | &nbsp;&nbsp; $4223172 |
| Premiums paid on options contracts purchased | $981010623 | &nbsp;&nbsp; $276521007 | &nbsp;&nbsp; $1040540630 | &nbsp;&nbsp; $403043806 |
| Premiums received on options contracts written | $45672374 | &nbsp;&nbsp; $9816219 | &nbsp;&nbsp; $45020925 | &nbsp;&nbsp; $12466753 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest** <br> **U.S. Equity Buffer** <br> **ETF - August** <br>**(FAUG)** <br>| **FT Vest** <br> **U.S. Equity Deep** <br> **Buffer ETF -** <br> **August** <br>**(DAUG)** <br>| **FT Vest** <br> **U.S. Equity Buffer** <br> **ETF - September** <br>**(FSEP)** <br>| **FT Vest** <br> **U.S. Equity Deep** <br> **Buffer ETF -** <br> **September** <br>**(DSEP)** <br>| **FT Vest** <br> **U.S. Equity Buffer** <br> **ETF - October** <br>**(FOCT)** <br>| **FT Vest** <br> **U.S. Equity Deep** <br> **Buffer ETF -** <br> **October** <br>**(DOCT)** <br>|
| $11081087 | &nbsp;&nbsp; $3773455 | &nbsp;&nbsp; $3192540 | &nbsp;&nbsp; $884841 | &nbsp;&nbsp; $3979435 | &nbsp;&nbsp; $1284330 |
| 11081087 | &nbsp;&nbsp; 3773455 | &nbsp;&nbsp; 3192540 | &nbsp;&nbsp; 884841 | &nbsp;&nbsp; 3979435 | &nbsp;&nbsp; 1284330 |
| 996403779 | &nbsp;&nbsp; 338547924 | &nbsp;&nbsp; 949602177 | &nbsp;&nbsp; 269172700 | &nbsp;&nbsp; 950081438 | &nbsp;&nbsp; 306718146 |
| 220 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 203 | &nbsp;&nbsp; 211 | &nbsp;&nbsp; 198 | &nbsp;&nbsp; 282 |
| 24215 | &nbsp;&nbsp; 9924 | &nbsp;&nbsp; 11639 | &nbsp;&nbsp; 3295 | &nbsp;&nbsp; 14583 | &nbsp;&nbsp; 4831 |
|  | &nbsp;&nbsp; 33047 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2297794 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4344145 |
|  | &nbsp;&nbsp; 1071233 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 1007509301 | &nbsp;&nbsp; 343435783 | &nbsp;&nbsp; 952806559 | &nbsp;&nbsp; 272358841 | &nbsp;&nbsp; 954075654 | &nbsp;&nbsp; 312351734 |
| 41261026 | &nbsp;&nbsp; 10023156 | &nbsp;&nbsp; 9899795 | &nbsp;&nbsp; 6486140 | &nbsp;&nbsp; 5727733 | &nbsp;&nbsp; 3764768 |
| 713180 | &nbsp;&nbsp; 237575 | &nbsp;&nbsp; 673967 | &nbsp;&nbsp; 190499 | &nbsp;&nbsp; 685824 | &nbsp;&nbsp; 227955 |
|  | &nbsp;&nbsp; 1118024 | &nbsp;&nbsp; — | &nbsp;&nbsp; 119120 | &nbsp;&nbsp; — | &nbsp;&nbsp; 117188 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2185654 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4236903 |
| 41974206 | &nbsp;&nbsp; 11378755 | &nbsp;&nbsp; 10573762 | &nbsp;&nbsp; 8981413 | &nbsp;&nbsp; 6413557 | &nbsp;&nbsp; 8346814 |
| $965535095 | &nbsp;&nbsp; $332057028 | &nbsp;&nbsp; $942232797 | &nbsp;&nbsp; $263377428 | &nbsp;&nbsp; $947662097 | &nbsp;&nbsp; $304004920 |
| $1068430522 | &nbsp;&nbsp; $365260907 | &nbsp;&nbsp; $928884909 | &nbsp;&nbsp; $261661061 | &nbsp;&nbsp; $951019091 | &nbsp;&nbsp; $299193959 |
| 190000 | &nbsp;&nbsp; 77500 | &nbsp;&nbsp; 189500 | &nbsp;&nbsp; 60250 | &nbsp;&nbsp; 204750 | &nbsp;&nbsp; 71750 |
| (103085427)<br>| &nbsp;&nbsp; (33281379)<br>| &nbsp;&nbsp; 13158388 | &nbsp;&nbsp; 1656117 | &nbsp;&nbsp; (3561744)<br>| &nbsp;&nbsp; 4739211 |
| $965535095 | &nbsp;&nbsp; $332057028 | &nbsp;&nbsp; $942232797 | &nbsp;&nbsp; $263377428 | &nbsp;&nbsp; $947662097 | &nbsp;&nbsp; $304004920 |
| $50.82 | &nbsp;&nbsp; $42.85 | &nbsp;&nbsp; $49.72 | &nbsp;&nbsp; $43.71 | &nbsp;&nbsp; $46.28 | &nbsp;&nbsp; $42.37 |
| 19000002 | &nbsp;&nbsp; 7750002 | &nbsp;&nbsp; 18950002 | &nbsp;&nbsp; 6025002 | &nbsp;&nbsp; 20475002 | &nbsp;&nbsp; 7175002 |
| $11081087 | &nbsp;&nbsp; $3773455 | &nbsp;&nbsp; $3192540 | &nbsp;&nbsp; $884841 | &nbsp;&nbsp; $3979435 | &nbsp;&nbsp; $1284330 |
| $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| $11081087 | &nbsp;&nbsp; $3773455 | &nbsp;&nbsp; $3192540 | &nbsp;&nbsp; $884841 | &nbsp;&nbsp; $3979435 | &nbsp;&nbsp; $1284330 |
| $993604509 | &nbsp;&nbsp; $337387650 | &nbsp;&nbsp; $877577090 | &nbsp;&nbsp; $244015964 | &nbsp;&nbsp; $900954842 | &nbsp;&nbsp; $288057977 |
| $41119285 | &nbsp;&nbsp; $9773480 | &nbsp;&nbsp; $28784907 | &nbsp;&nbsp; $4899600 | &nbsp;&nbsp; $30872853 | &nbsp;&nbsp; $6513530 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Assets and Liabilities (Continued)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **U.S. Equity** <br> **Buffer ETF -** <br> **November** <br>**(FNOV)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Deep Buffer** <br> **ETF -** <br> **November** <br>**(DNOV)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Buffer ETF -** <br> **December** <br>**(FDEC)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Deep Buffer** <br> **ETF - December** <br>**(DDEC)** <br>|
| **ASSETS:** |  |  |  |  |
| Investments, at value - Unaffiliated | $4772307 | &nbsp;&nbsp; $1555592 | &nbsp;&nbsp; $5911331 | &nbsp;&nbsp; $1907073 |
| Investments, at value - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total investments, at value | 4772307 | &nbsp;&nbsp; 1555592 | &nbsp;&nbsp; 5911331 | &nbsp;&nbsp; 1907073 |
| Options contracts purchased, at value | 995348976 | &nbsp;&nbsp; 329258429 | &nbsp;&nbsp; 1064688672 | &nbsp;&nbsp; 348918794 |
| Due from broker | 201 | &nbsp;&nbsp; 208 | &nbsp;&nbsp; 209 | &nbsp;&nbsp; 1142 |
| Receivables: |  |  |  |  |
| Dividends | 17246 | &nbsp;&nbsp; 5672 | &nbsp;&nbsp; 21423 | &nbsp;&nbsp; 6925 |
| Investment securities sold |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Capital shares sold |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Assets | 1000138730 | &nbsp;&nbsp; 330819901 | &nbsp;&nbsp; 1070621635 | &nbsp;&nbsp; 350833934 |
| **LIABILITIES:** |  |  |  |  |
| Options contracts written, at value | 12885192 | &nbsp;&nbsp; 6105657 | &nbsp;&nbsp; 15922338 | &nbsp;&nbsp; 6881042 |
| Payables: |  |  |  |  |
| Investment advisory fees | 706828 | &nbsp;&nbsp; 232755 | &nbsp;&nbsp; 754668 | &nbsp;&nbsp; 246779 |
| Investment securities purchased |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Capital shares redeemed |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Liabilities | 13592020 | &nbsp;&nbsp; 6338412 | &nbsp;&nbsp; 16677006 | &nbsp;&nbsp; 7127821 |
| **NET ASSETS** | $986546710 | &nbsp;&nbsp; $324481489 | &nbsp;&nbsp; $1053944629 | &nbsp;&nbsp; $343706113 |
| **NET ASSETS consist of:** |  |  |  |  |
| Paid-in capital | $1018754276 | &nbsp;&nbsp; $332427353 | &nbsp;&nbsp; $1085321914 | &nbsp;&nbsp; $351773146 |
| Par value | 190500 | &nbsp;&nbsp; 70500 | &nbsp;&nbsp; 218750 | &nbsp;&nbsp; 80000 |
| Accumulated distributable earnings (loss) | (32398066)<br>| &nbsp;&nbsp; (8016364)<br>| &nbsp;&nbsp; (31596035)<br>| &nbsp;&nbsp; (8147033)<br>|
| **NET ASSETS** | $986546710 | &nbsp;&nbsp; $324481489 | &nbsp;&nbsp; $1053944629 | &nbsp;&nbsp; $343706113 |
| **NET ASSET VALUE,** per share | $51.79 | &nbsp;&nbsp; $46.03 | &nbsp;&nbsp; $48.18 | &nbsp;&nbsp; $42.96 |
| Number of shares outstanding (unlimited number of <br> shares authorized, par value $0.01 per share)<br>| 19050002 | &nbsp;&nbsp; 7050002 | &nbsp;&nbsp; 21875002 | &nbsp;&nbsp; 8000002 |
| Investments, at cost - Unaffiliated | $4772307 | &nbsp;&nbsp; $1555592 | &nbsp;&nbsp; $5911331 | &nbsp;&nbsp; $1907073 |
| Investments, at cost - Affiliated | $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Total investments, at cost | $4772307 | &nbsp;&nbsp; $1555592 | &nbsp;&nbsp; $5911331 | &nbsp;&nbsp; $1907073 |
| Premiums paid on options contracts purchased | $940183667 | &nbsp;&nbsp; $306951209 | &nbsp;&nbsp; $1012582774 | &nbsp;&nbsp; $329376367 |
| Premiums received on options contracts written | $31311293 | &nbsp;&nbsp; $7577321 | &nbsp;&nbsp; $39885004 | &nbsp;&nbsp; $9049121 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **FT Vest** <br> **Buffered** <br> **Allocation** <br> **Defensive ETF** <br>**(BUFT)** <br>| **FT Vest** <br> **Buffered** <br> **Allocation** <br> **Growth ETF** <br>**(BUFG)** <br>|
| $19753 | &nbsp;&nbsp; $148149 |
| 127094197 | &nbsp;&nbsp; 280764719 |
| 127113950 | &nbsp;&nbsp; 280912868 |
| 81 | &nbsp;&nbsp; 544 |
| 127114031 | &nbsp;&nbsp; 280913412 |
| 21325 | &nbsp;&nbsp; 46936 |
| 21325 | &nbsp;&nbsp; 46936 |
| $127092706 | &nbsp;&nbsp; $280866476 |
| $127641844 | &nbsp;&nbsp; $279825804 |
| 53000 | &nbsp;&nbsp; 106500 |
| (602138)<br>| &nbsp;&nbsp; 934172 |
| $127092706 | &nbsp;&nbsp; $280866476 |
| $23.98 | &nbsp;&nbsp; $26.37 |
| 5300002 | &nbsp;&nbsp; 10650002 |
| $19753 | &nbsp;&nbsp; $148149 |
| $122706681 | &nbsp;&nbsp; $265292361 |
| $122726434 | &nbsp;&nbsp; $265440510 |
| $— | &nbsp;&nbsp; $— |
| $— | &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Operations**

**For the Year Ended August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **U.S. Equity** <br> **Buffer ETF -** <br> **January** <br>**(FJAN)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Deep Buffer** <br> **ETF - January** <br>**(DJAN)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Buffer ETF -** <br> **February** <br>**(FFEB)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Deep Buffer** <br> **ETF - February** <br>**(DFEB)** <br>|
| **INVESTMENT INCOME:** |  |  |  |  |
| Dividends - Unaffiliated | $274228 | &nbsp;&nbsp; $96980 | &nbsp;&nbsp; $283709 | &nbsp;&nbsp; $101454 |
| Total investment income | 274228 | &nbsp;&nbsp; 96980 | &nbsp;&nbsp; 283709 | &nbsp;&nbsp; 101454 |
| **EXPENSES:** |  |  |  |  |
| Investment advisory fees | 7724762<br>| &nbsp;&nbsp; 2516705<br>| &nbsp;&nbsp; 7950108<br>| &nbsp;&nbsp; 2776118<br>|
| Total expenses | 7724762 | &nbsp;&nbsp; 2516705 | &nbsp;&nbsp; 7950108 | &nbsp;&nbsp; 2776118 |
| **NET INVESTMENT INCOME (LOSS)** | (7450534)<br>| &nbsp;&nbsp; (2419725)<br>| &nbsp;&nbsp; (7666399)<br>| &nbsp;&nbsp; (2674664)<br>|
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS):**<br>|  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| In-kind redemptions - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Purchased options contracts | (10487625)<br>| &nbsp;&nbsp; 13254395 | &nbsp;&nbsp; (28554668)<br>| &nbsp;&nbsp; (1706702)<br>|
| Written options contracts | (46494366)<br>| &nbsp;&nbsp; (17208650)<br>| &nbsp;&nbsp; (14028603)<br>| &nbsp;&nbsp; (7838633)<br>|
| In-kind redemptions - Purchased options <br> contracts<br>| 136022482 | &nbsp;&nbsp; 34251851 | &nbsp;&nbsp; 156232623 | &nbsp;&nbsp; 48973569 |
| In-kind redemptions - Written options contracts | 14944824 | &nbsp;&nbsp; 30966 | &nbsp;&nbsp; 14970341 | &nbsp;&nbsp; 699177 |
| Net realized gain (loss) | 93985315 | &nbsp;&nbsp; 30328562 | &nbsp;&nbsp; 128619693 | &nbsp;&nbsp; 40127411 |
| Net change in unrealized appreciation (depreciation) <br> on:<br>|  |  |  |  |
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Purchased options contracts | (25513364)<br>| &nbsp;&nbsp; (12717285)<br>| &nbsp;&nbsp; (20646953)<br>| &nbsp;&nbsp; (544192)<br>|
| Written options contracts | 35991850 | &nbsp;&nbsp; 12583264 | &nbsp;&nbsp; 14982274 | &nbsp;&nbsp; 2584736 |
| Net change in unrealized appreciation (depreciation) | 10478486 | &nbsp;&nbsp; (134021)<br>| &nbsp;&nbsp; (5664679)<br>| &nbsp;&nbsp; 2040544 |
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS)**<br>| 104463801 | &nbsp;&nbsp; 30194541 | &nbsp;&nbsp; 122955014 | &nbsp;&nbsp; 42167955 |
| **NET INCREASE (DECREASE) IN NET** <br> **ASSETS RESULTING FROM** <br> **OPERATIONS**<br>| $97013267 | &nbsp;&nbsp; $27774816 | &nbsp;&nbsp; $115288615 | &nbsp;&nbsp; $39493291 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest** <br> **U.S. Equity Buffer** <br> **ETF - March** <br>**(FMAR)** <br>| **FT Vest** <br> **U.S. Equity Deep** <br> **Buffer ETF -** <br> **March** <br>**(DMAR)** <br>| **FT Vest** <br> **U.S. Equity Buffer** <br> **ETF - April** <br>**(FAPR)** <br>| **FT Vest** <br> **U.S. Equity Deep** <br> **Buffer ETF -** <br> **April** <br>**(DAPR)** <br>| **FT Vest** <br> **U.S. Equity Buffer** <br> **ETF - May** <br>**(FMAY)** <br>| **FT Vest** <br> **U.S. Equity Deep** <br> **Buffer ETF - May** <br>**(DMAY)** <br>|
| $251814 | &nbsp;&nbsp; $92472 | &nbsp;&nbsp; $216445 | &nbsp;&nbsp; $72056 | &nbsp;&nbsp; $275957 | &nbsp;&nbsp; $83329 |
| 251814 | &nbsp;&nbsp; 92472 | &nbsp;&nbsp; 216445 | &nbsp;&nbsp; 72056 | &nbsp;&nbsp; 275957 | &nbsp;&nbsp; 83329 |
| 7306272<br>| &nbsp;&nbsp; 2592791<br>| &nbsp;&nbsp; 6344086<br>| &nbsp;&nbsp; 2105876<br>| &nbsp;&nbsp; 7565522<br>| &nbsp;&nbsp; 2248710<br>|
| 7306272 | &nbsp;&nbsp; 2592791 | &nbsp;&nbsp; 6344086 | &nbsp;&nbsp; 2105876 | &nbsp;&nbsp; 7565522 | &nbsp;&nbsp; 2248710 |
| (7054458)<br>| &nbsp;&nbsp; (2500319)<br>| &nbsp;&nbsp; (6127641)<br>| &nbsp;&nbsp; (2033820)<br>| &nbsp;&nbsp; (7289565)<br>| &nbsp;&nbsp; (2165381)<br>|
| (5731752)<br>| &nbsp;&nbsp; (3049704)<br>| &nbsp;&nbsp; (45823081)<br>| &nbsp;&nbsp; (5547043)<br>| &nbsp;&nbsp; (25990799)<br>| &nbsp;&nbsp; 16556 |
| 6482818 | &nbsp;&nbsp; (447424)<br>| &nbsp;&nbsp; 7183837 | &nbsp;&nbsp; 3116782 | &nbsp;&nbsp; 974343 | &nbsp;&nbsp; 725247 |
| 79361422 | &nbsp;&nbsp; 27451238 | &nbsp;&nbsp; 46418963 | &nbsp;&nbsp; 14136020 | &nbsp;&nbsp; 92508665 | &nbsp;&nbsp; 29619780 |
| 16599911 | &nbsp;&nbsp; 3678237 | &nbsp;&nbsp; 20800535 | &nbsp;&nbsp; 3552733 | &nbsp;&nbsp; 26880823 | &nbsp;&nbsp; 2830576 |
| 96712399 | &nbsp;&nbsp; 27632347 | &nbsp;&nbsp; 28580254 | &nbsp;&nbsp; 15258492 | &nbsp;&nbsp; 94373032 | &nbsp;&nbsp; 33192159 |
| 30079875 | &nbsp;&nbsp; 15192301 | &nbsp;&nbsp; 67986999 | &nbsp;&nbsp; 18193142 | &nbsp;&nbsp; 24817903 | &nbsp;&nbsp; 2062700 |
| (23871180)<br>| &nbsp;&nbsp; (10835206)<br>| &nbsp;&nbsp; (33034866)<br>| &nbsp;&nbsp; (15691259)<br>| &nbsp;&nbsp; (6435764)<br>| &nbsp;&nbsp; (3089279)<br>|
| 6208695 | &nbsp;&nbsp; 4357095 | &nbsp;&nbsp; 34952133 | &nbsp;&nbsp; 2501883 | &nbsp;&nbsp; 18382139 | &nbsp;&nbsp; (1026579)<br>|
| 102921094 | &nbsp;&nbsp; 31989442 | &nbsp;&nbsp; 63532387 | &nbsp;&nbsp; 17760375 | &nbsp;&nbsp; 112755171 | &nbsp;&nbsp; 32165580 |
| $95866636 | &nbsp;&nbsp; $29489123 | &nbsp;&nbsp; $57404746 | &nbsp;&nbsp; $15726555 | &nbsp;&nbsp; $105465606 | &nbsp;&nbsp; $30000199 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Operations (Continued)**

**For the Year Ended August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **U.S. Equity** <br> **Buffer ETF -** <br> **June** <br>**(FJUN)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Deep Buffer** <br> **ETF - June** <br>**(DJUN)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Buffer ETF -** <br> **July** <br>**(FJUL)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Deep Buffer** <br> **ETF - July** <br>**(DJUL)** <br>|
| **INVESTMENT INCOME:** |  |  |  |  |
| Dividends - Unaffiliated | $277579 | &nbsp;&nbsp; $80222 | &nbsp;&nbsp; $300384 | &nbsp;&nbsp; $109294 |
| Total investment income | 277579 | &nbsp;&nbsp; 80222 | &nbsp;&nbsp; 300384 | &nbsp;&nbsp; 109294 |
| **EXPENSES:** |  |  |  |  |
| Investment advisory fees | 7795099<br>| &nbsp;&nbsp; 2279686<br>| &nbsp;&nbsp; 8137044<br>| &nbsp;&nbsp; 3007278<br>|
| Total expenses | 7795099 | &nbsp;&nbsp; 2279686 | &nbsp;&nbsp; 8137044 | &nbsp;&nbsp; 3007278 |
| **NET INVESTMENT INCOME (LOSS)** | (7517520)<br>| &nbsp;&nbsp; (2199464)<br>| &nbsp;&nbsp; (7836660)<br>| &nbsp;&nbsp; (2897984)<br>|
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS):**<br>|  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| In-kind redemptions - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Purchased options contracts | (43755162)<br>| &nbsp;&nbsp; (7911028)<br>| &nbsp;&nbsp; (29411181)<br>| &nbsp;&nbsp; 7032609 |
| Written options contracts | 1029470 | &nbsp;&nbsp; (33183)<br>| &nbsp;&nbsp; 2353443 | &nbsp;&nbsp; 2691938 |
| In-kind redemptions - Purchased options <br> contracts<br>| 87283774 | &nbsp;&nbsp; 30238678 | &nbsp;&nbsp; 122586722 | &nbsp;&nbsp; 32768194 |
| In-kind redemptions - Written options contracts | 30383614 | &nbsp;&nbsp; 3970759 | &nbsp;&nbsp; 32042601 | &nbsp;&nbsp; 4642344 |
| Net realized gain (loss) | 74941696 | &nbsp;&nbsp; 26265226 | &nbsp;&nbsp; 127571585 | &nbsp;&nbsp; 47135085 |
| Net change in unrealized appreciation (depreciation) <br> on:<br>|  |  |  |  |
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Purchased options contracts | 37892991 | &nbsp;&nbsp; 9169574 | &nbsp;&nbsp; 2974849 | &nbsp;&nbsp; 538906 |
| Written options contracts | (11364431)<br>| &nbsp;&nbsp; (5903430)<br>| &nbsp;&nbsp; (1174471)<br>| &nbsp;&nbsp; (1819159)<br>|
| Net change in unrealized appreciation (depreciation) | 26528560 | &nbsp;&nbsp; 3266144 | &nbsp;&nbsp; 1800378 | &nbsp;&nbsp; (1280253)<br>|
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS)**<br>| 101470256 | &nbsp;&nbsp; 29531370 | &nbsp;&nbsp; 129371963 | &nbsp;&nbsp; 45854832 |
| **NET INCREASE (DECREASE) IN NET** <br> **ASSETS RESULTING FROM** <br> **OPERATIONS**<br>| $93952736 | &nbsp;&nbsp; $27331906 | &nbsp;&nbsp; $121535303 | &nbsp;&nbsp; $42956848 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest** <br> **U.S. Equity Buffer** <br> **ETF - August** <br>**(FAUG)** <br>| **FT Vest** <br> **U.S. Equity Deep** <br> **Buffer ETF -** <br> **August** <br>**(DAUG)** <br>| **FT Vest** <br> **U.S. Equity Buffer** <br> **ETF - September** <br>**(FSEP)** <br>| **FT Vest** <br> **U.S. Equity Deep** <br> **Buffer ETF -** <br> **September** <br>**(DSEP)** <br>| **FT Vest** <br> **U.S. Equity Buffer** <br> **ETF - October** <br>**(FOCT)** <br>| **FT Vest** <br> **U.S. Equity Deep** <br> **Buffer ETF -** <br> **October** <br>**(DOCT)** <br>|
| $269922 | &nbsp;&nbsp; $98256 | &nbsp;&nbsp; $251653 | &nbsp;&nbsp; $75918 | &nbsp;&nbsp; $248100 | &nbsp;&nbsp; $88816 |
| 269922 | &nbsp;&nbsp; 98256 | &nbsp;&nbsp; 251653 | &nbsp;&nbsp; 75918 | &nbsp;&nbsp; 248100 | &nbsp;&nbsp; 88816 |
| 7530708<br>| &nbsp;&nbsp; 2638783<br>| &nbsp;&nbsp; 6996259<br>| &nbsp;&nbsp; 2122034<br>| &nbsp;&nbsp; 6842481<br>| &nbsp;&nbsp; 2439490<br>|
| 7530708 | &nbsp;&nbsp; 2638783 | &nbsp;&nbsp; 6996259 | &nbsp;&nbsp; 2122034 | &nbsp;&nbsp; 6842481 | &nbsp;&nbsp; 2439490 |
| (7260786)<br>| &nbsp;&nbsp; (2540527)<br>| &nbsp;&nbsp; (6744606)<br>| &nbsp;&nbsp; (2046116)<br>| &nbsp;&nbsp; (6594381)<br>| &nbsp;&nbsp; (2350674)<br>|
| (21147900)<br>| &nbsp;&nbsp; (858520)<br>| &nbsp;&nbsp; (1234471)<br>| &nbsp;&nbsp; 12242688 | &nbsp;&nbsp; 60640798 | &nbsp;&nbsp; 33937041 |
| (1168094)<br>| &nbsp;&nbsp; (5554340)<br>| &nbsp;&nbsp; (39050617)<br>| &nbsp;&nbsp; (17829528)<br>| &nbsp;&nbsp; (84930078)<br>| &nbsp;&nbsp; (31681792)<br>|
| 118421855 | &nbsp;&nbsp; 40478657 | &nbsp;&nbsp; 111850430 | &nbsp;&nbsp; 29208107 | &nbsp;&nbsp; 89730905 | &nbsp;&nbsp; 29389710 |
| 21771171 | &nbsp;&nbsp; 2698809 | &nbsp;&nbsp; 11255442 | &nbsp;&nbsp; 1027993 | &nbsp;&nbsp; 9103035 | &nbsp;&nbsp; (381622)<br>|
| 117877032 | &nbsp;&nbsp; 36764606 | &nbsp;&nbsp; 82820784 | &nbsp;&nbsp; 24649260 | &nbsp;&nbsp; 74544660 | &nbsp;&nbsp; 31263337 |
| (6104732)<br>| &nbsp;&nbsp; (3714300)<br>| &nbsp;&nbsp; (27225876)<br>| &nbsp;&nbsp; (11439168)<br>| &nbsp;&nbsp; (69888806)<br>| &nbsp;&nbsp; (30458787)<br>|
| 3349 | &nbsp;&nbsp; 1866308 | &nbsp;&nbsp; 43985561 | &nbsp;&nbsp; 14027066 | &nbsp;&nbsp; 80872827 | &nbsp;&nbsp; 30043948 |
| (6101383)<br>| &nbsp;&nbsp; (1847992)<br>| &nbsp;&nbsp; 16759685 | &nbsp;&nbsp; 2587898 | &nbsp;&nbsp; 10984021 | &nbsp;&nbsp; (414839)<br>|
| 111775649 | &nbsp;&nbsp; 34916614 | &nbsp;&nbsp; 99580469 | &nbsp;&nbsp; 27237158 | &nbsp;&nbsp; 85528681 | &nbsp;&nbsp; 30848498 |
| $104514863 | &nbsp;&nbsp; $32376087 | &nbsp;&nbsp; $92835863 | &nbsp;&nbsp; $25191042 | &nbsp;&nbsp; $78934300 | &nbsp;&nbsp; $28497824 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Operations (Continued)**

**For the Year Ended August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **U.S. Equity** <br> **Buffer ETF -** <br> **November** <br>**(FNOV)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Deep Buffer** <br> **ETF -** <br> **November** <br>**(DNOV)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Buffer ETF -** <br> **December** <br>**(FDEC)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Deep Buffer** <br> **ETF - December** <br>**(DDEC)** <br>|
| **INVESTMENT INCOME:** |  |  |  |  |
| Dividends - Unaffiliated | $267135 | &nbsp;&nbsp; $93223 | &nbsp;&nbsp; $286724 | &nbsp;&nbsp; $96619 |
| Total investment income | 267135 | &nbsp;&nbsp; 93223 | &nbsp;&nbsp; 286724 | &nbsp;&nbsp; 96619 |
| **EXPENSES:** |  |  |  |  |
| Investment advisory fees | 7329078<br>| &nbsp;&nbsp; 2557817<br>| &nbsp;&nbsp; 7836881<br>| &nbsp;&nbsp; 2706263<br>|
| Total expenses | 7329078 | &nbsp;&nbsp; 2557817 | &nbsp;&nbsp; 7836881 | &nbsp;&nbsp; 2706263 |
| **NET INVESTMENT INCOME (LOSS)** | (7061943)<br>| &nbsp;&nbsp; (2464594)<br>| &nbsp;&nbsp; (7550157)<br>| &nbsp;&nbsp; (2609644)<br>|
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS):**<br>|  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| In-kind redemptions - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Purchased options contracts | 33532288 | &nbsp;&nbsp; 27397250 | &nbsp;&nbsp; (14100259)<br>| &nbsp;&nbsp; 20784607 |
| Written options contracts | (61490340)<br>| &nbsp;&nbsp; (26760045)<br>| &nbsp;&nbsp; (50914045)<br>| &nbsp;&nbsp; (22717953)<br>|
| In-kind redemptions - Purchased options <br> contracts<br>| 108907143 | &nbsp;&nbsp; 30323417 | &nbsp;&nbsp; 128202152 | &nbsp;&nbsp; 46993616 |
| In-kind redemptions - Written options contracts | 13317016 | &nbsp;&nbsp; 1646159 | &nbsp;&nbsp; 31593995 | &nbsp;&nbsp; (3722713)<br>|
| Net realized gain (loss) | 94266107 | &nbsp;&nbsp; 32606781 | &nbsp;&nbsp; 94781843 | &nbsp;&nbsp; 41337557 |
| Net change in unrealized appreciation (depreciation) <br> on:<br>|  |  |  |  |
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Purchased options contracts | (56729456)<br>| &nbsp;&nbsp; (24569473)<br>| &nbsp;&nbsp; (40862513)<br>| &nbsp;&nbsp; (29860862)<br>|
| Written options contracts | 51168794 | &nbsp;&nbsp; 21372405 | &nbsp;&nbsp; 48103713 | &nbsp;&nbsp; 21295283 |
| Net change in unrealized appreciation (depreciation) | (5560662)<br>| &nbsp;&nbsp; (3197068)<br>| &nbsp;&nbsp; 7241200 | &nbsp;&nbsp; (8565579)<br>|
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS)**<br>| 88705445 | &nbsp;&nbsp; 29409713 | &nbsp;&nbsp; 102023043 | &nbsp;&nbsp; 32771978 |
| **NET INCREASE (DECREASE) IN NET** <br> **ASSETS RESULTING FROM** <br> **OPERATIONS**<br>| $81643502 | &nbsp;&nbsp; $26945119 | &nbsp;&nbsp; $94472886 | &nbsp;&nbsp; $30162334 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **FT Vest** <br> **Buffered** <br> **Allocation** <br> **Defensive ETF** <br>**(BUFT)** <br>| **FT Vest** <br> **Buffered** <br> **Allocation** <br> **Growth ETF** <br>**(BUFG)** <br>|
| $3467 | &nbsp;&nbsp; $10514 |
| 3467 | &nbsp;&nbsp; 10514 |
| 241328<br>| &nbsp;&nbsp; 512169<br>|
| 241328 | &nbsp;&nbsp; 512169 |
| (237861)<br>| &nbsp;&nbsp; (501655)<br>|
| (48587)<br>| &nbsp;&nbsp; (2698726)<br>|
| 8833060 | &nbsp;&nbsp; 23670618 |
| 8784473 | &nbsp;&nbsp; 20971892 |
| 1060343 | &nbsp;&nbsp; 5872825 |
| 1060343 | &nbsp;&nbsp; 5872825 |
| 9844816 | &nbsp;&nbsp; 26844717 |
| $9606955 | &nbsp;&nbsp; $26343062 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest U.S. Equity Buffer ETF -** <br> **January (FJAN)** | **FT Vest U.S. Equity Buffer ETF -** <br> **January (FJAN)** | **FT Vest U.S. Equity Deep Buffer** <br> **ETF - January (DJAN)** | **FT Vest U.S. Equity Deep Buffer** <br> **ETF - January (DJAN)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(7450534)<br>| &nbsp;&nbsp; $(4772883)<br>| &nbsp;&nbsp; $(2419725)<br>| &nbsp;&nbsp; $(1901273)<br>|
| Net realized gain (loss) | 93985315 | &nbsp;&nbsp; 69268663 | &nbsp;&nbsp; 30328562 | &nbsp;&nbsp; 27454997 |
| Net change in unrealized appreciation (depreciation) | 10478486 | &nbsp;&nbsp; 32910383 | &nbsp;&nbsp; (134021)<br>| &nbsp;&nbsp; 5060739 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 97013267 | &nbsp;&nbsp; 97406163 | &nbsp;&nbsp; 27774816 | &nbsp;&nbsp; 30614463 |
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 993302634<br>| &nbsp;&nbsp; 837464874<br>| &nbsp;&nbsp; 312264044<br>| &nbsp;&nbsp; 289436572<br>|
| Cost of shares redeemed | (715040284) <br>| &nbsp;&nbsp; (529650479) <br>| &nbsp;&nbsp; (234936538) <br>| &nbsp;&nbsp; (259748046) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 278262350 | &nbsp;&nbsp; 307814395 | &nbsp;&nbsp; 77327506 | &nbsp;&nbsp; 29688526 |
| Total increase (decrease) in net assets | 375275617 | &nbsp;&nbsp; 405220558 | &nbsp;&nbsp; 105102322 | &nbsp;&nbsp; 60302989 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 742339869 | &nbsp;&nbsp; 337119311 | &nbsp;&nbsp; 245331379 | &nbsp;&nbsp; 185028390 |
| End of period | $1117615486 | &nbsp;&nbsp; $742339869 | &nbsp;&nbsp; $350433701 | &nbsp;&nbsp; $245331379 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 16725002 | &nbsp;&nbsp; 8950002 | &nbsp;&nbsp; 6475002 | &nbsp;&nbsp; 5575002 |
| Shares sold | 21575000 | &nbsp;&nbsp; 20800000 | &nbsp;&nbsp; 7975000 | &nbsp;&nbsp; 8325000 |
| Shares redeemed | (15550000)<br>| &nbsp;&nbsp; (13025000)<br>| &nbsp;&nbsp; (6000000)<br>| &nbsp;&nbsp; (7425000)<br>|
| Shares outstanding, end of period | 22750002 | &nbsp;&nbsp; 16725002 | &nbsp;&nbsp; 8450002 | &nbsp;&nbsp; 6475002 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest U.S. Equity Buffer ETF -** <br> **February (FFEB)** | **FT Vest U.S. Equity Buffer ETF -** <br> **February (FFEB)** | **FT Vest U.S. Equity Deep Buffer ETF -** <br> **February (DFEB)** | **FT Vest U.S. Equity Deep Buffer ETF -** <br> **February (DFEB)** | **FT Vest U.S. Equity Buffer ETF -** <br> **March (FMAR)** | **FT Vest U.S. Equity Buffer ETF -** <br> **March (FMAR)** |
| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| $(7666399)<br>| &nbsp;&nbsp; $(5439188)<br>| &nbsp;&nbsp; $(2674664)<br>| &nbsp;&nbsp; $(1986328)<br>| &nbsp;&nbsp; $(7054458)<br>| &nbsp;&nbsp; $(4503661)<br>|
| 128619693 | &nbsp;&nbsp; 88184256 | &nbsp;&nbsp; 40127411 | &nbsp;&nbsp; 31257872 | &nbsp;&nbsp; 96712399 | &nbsp;&nbsp; 56825982 |
| (5664679)<br>| &nbsp;&nbsp; 44296200 | &nbsp;&nbsp; 2040544 | &nbsp;&nbsp; 6390250 | &nbsp;&nbsp; 6208695 | &nbsp;&nbsp; 32528579 |
| 115288615 | &nbsp;&nbsp; 127041268 | &nbsp;&nbsp; 39493291 | &nbsp;&nbsp; 35661794 | &nbsp;&nbsp; 95866636 | &nbsp;&nbsp; 84850900 |
| 951266372<br>| &nbsp;&nbsp; 1171895108<br>| &nbsp;&nbsp; 379956005<br>| &nbsp;&nbsp; 180329891<br>| &nbsp;&nbsp; 915826625<br>| &nbsp;&nbsp; 849278406<br>|
| (901312204) <br>| &nbsp;&nbsp; (758914377) <br>| &nbsp;&nbsp; (275405008) <br>| &nbsp;&nbsp; (159707424) <br>| &nbsp;&nbsp; (993503469) <br>| &nbsp;&nbsp; (394780395) <br>|
| 49954168 | &nbsp;&nbsp; 412980731 | &nbsp;&nbsp; 104550997 | &nbsp;&nbsp; 20622467 | &nbsp;&nbsp; (77676844)<br>| &nbsp;&nbsp; 454498011 |
| 165242783 | &nbsp;&nbsp; 540021999 | &nbsp;&nbsp; 144044288 | &nbsp;&nbsp; 56284261 | &nbsp;&nbsp; 18189792 | &nbsp;&nbsp; 539348911 |
| 926256152 | &nbsp;&nbsp; 386234153 | &nbsp;&nbsp; 262627031 | &nbsp;&nbsp; 206342770 | &nbsp;&nbsp; 860250150 | &nbsp;&nbsp; 320901239 |
| $1091498935 | &nbsp;&nbsp; $926256152 | &nbsp;&nbsp; $406671319 | &nbsp;&nbsp; $262627031 | &nbsp;&nbsp; $878439942 | &nbsp;&nbsp; $860250150 |
| 19275002 | &nbsp;&nbsp; 9575002 | &nbsp;&nbsp; 6350002 | &nbsp;&nbsp; 5750002 | &nbsp;&nbsp; 20625002 | &nbsp;&nbsp; 8900002 |
| 18775000 | &nbsp;&nbsp; 26975000 | &nbsp;&nbsp; 8850000 | &nbsp;&nbsp; 4725000 | &nbsp;&nbsp; 21700000 | &nbsp;&nbsp; 21925000 |
| (17850000)<br>| &nbsp;&nbsp; (17275000)<br>| &nbsp;&nbsp; (6325000)<br>| &nbsp;&nbsp; (4125000)<br>| &nbsp;&nbsp; (23175000)<br>| &nbsp;&nbsp; (10200000)<br>|
| 20200002 | &nbsp;&nbsp; 19275002 | &nbsp;&nbsp; 8875002 | &nbsp;&nbsp; 6350002 | &nbsp;&nbsp; 19150002 | &nbsp;&nbsp; 20625002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets (Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest U.S. Equity Deep Buffer** <br> **ETF - March (DMAR)** | **FT Vest U.S. Equity Deep Buffer** <br> **ETF - March (DMAR)** | **FT Vest U.S. Equity Buffer ETF -** <br> **April (FAPR)** | **FT Vest U.S. Equity Buffer ETF -** <br> **April (FAPR)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(2500319)<br>| &nbsp;&nbsp; $(2076205)<br>| &nbsp;&nbsp; $(6127641)<br>| &nbsp;&nbsp; $(4102876)<br>|
| Net realized gain (loss) | 27632347 | &nbsp;&nbsp; 29838922 | &nbsp;&nbsp; 28580254 | &nbsp;&nbsp; 69578775 |
| Net change in unrealized appreciation (depreciation) | 4357095 | &nbsp;&nbsp; 4637701 | &nbsp;&nbsp; 34952133 | &nbsp;&nbsp; 28650726 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 29489123 | &nbsp;&nbsp; 32400418 | &nbsp;&nbsp; 57404746 | &nbsp;&nbsp; 94126625 |
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 354516921<br>| &nbsp;&nbsp; 269876592<br>| &nbsp;&nbsp; 643063426<br>| &nbsp;&nbsp; 675941791<br>|
| Cost of shares redeemed | (326702037) <br>| &nbsp;&nbsp; (202367456) <br>| &nbsp;&nbsp; (525715646) <br>| &nbsp;&nbsp; (486649446) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 27814884 | &nbsp;&nbsp; 67509136 | &nbsp;&nbsp; 117347780 | &nbsp;&nbsp; 189292345 |
| Total increase (decrease) in net assets | 57304007 | &nbsp;&nbsp; 99909554 | &nbsp;&nbsp; 174752526 | &nbsp;&nbsp; 283418970 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 301068348 | &nbsp;&nbsp; 201158794 | &nbsp;&nbsp; 689112102 | &nbsp;&nbsp; 405693132 |
| End of period | $358372355 | &nbsp;&nbsp; $301068348 | &nbsp;&nbsp; $863864628 | &nbsp;&nbsp; $689112102 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 8150002 | &nbsp;&nbsp; 6150002 | &nbsp;&nbsp; 17225002 | &nbsp;&nbsp; 12200002 |
| Shares sold | 9375000 | &nbsp;&nbsp; 7825000 | &nbsp;&nbsp; 16075000 | &nbsp;&nbsp; 18625000 |
| Shares redeemed | (8650000)<br>| &nbsp;&nbsp; (5825000)<br>| &nbsp;&nbsp; (13250000)<br>| &nbsp;&nbsp; (13600000)<br>|
| Shares outstanding, end of period | 8875002 | &nbsp;&nbsp; 8150002 | &nbsp;&nbsp; 20050002 | &nbsp;&nbsp; 17225002 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest U.S. Equity Deep Buffer ETF -** <br> **April (DAPR)** | **FT Vest U.S. Equity Deep Buffer ETF -** <br> **April (DAPR)** | **FT Vest U.S. Equity Buffer ETF - May** <br> **(FMAY)** | **FT Vest U.S. Equity Buffer ETF - May** <br> **(FMAY)** | **FT Vest U.S. Equity Deep Buffer ETF -** <br> **May (DMAY)** | **FT Vest U.S. Equity Deep Buffer ETF -** <br> **May (DMAY)** |
| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| $(2033820)<br>| &nbsp;&nbsp; $(1768199)<br>| &nbsp;&nbsp; $(7289565)<br>| &nbsp;&nbsp; $(4960131)<br>| &nbsp;&nbsp; $(2165381)<br>| &nbsp;&nbsp; $(1676434)<br>|
| 15258492 | &nbsp;&nbsp; 27548797 | &nbsp;&nbsp; 94373032 | &nbsp;&nbsp; 86824491 | &nbsp;&nbsp; 33192159 | &nbsp;&nbsp; 21963888 |
| 2501883 | &nbsp;&nbsp; 5304639 | &nbsp;&nbsp; 18382139 | &nbsp;&nbsp; 16960302 | &nbsp;&nbsp; (1026579)<br>| &nbsp;&nbsp; 7257781 |
| 15726555 | &nbsp;&nbsp; 31085237 | &nbsp;&nbsp; 105465606 | &nbsp;&nbsp; 98824662 | &nbsp;&nbsp; 30000199 | &nbsp;&nbsp; 27545235 |
| 172304583<br>| &nbsp;&nbsp; 149309063<br>| &nbsp;&nbsp; 1017169607<br>| &nbsp;&nbsp; 859203844<br>| &nbsp;&nbsp; 243962746<br>| &nbsp;&nbsp; 289551290<br>|
| (140295128) <br>| &nbsp;&nbsp; (176627556) <br>| &nbsp;&nbsp; (910758134) <br>| &nbsp;&nbsp; (658970076) <br>| &nbsp;&nbsp; (299762468) <br>| &nbsp;&nbsp; (174966864) <br>|
| 32009455 | &nbsp;&nbsp; (27318493)<br>| &nbsp;&nbsp; 106411473 | &nbsp;&nbsp; 200233768 | &nbsp;&nbsp; (55799722)<br>| &nbsp;&nbsp; 114584426 |
| 47736010 | &nbsp;&nbsp; 3766744 | &nbsp;&nbsp; 211877079 | &nbsp;&nbsp; 299058430 | &nbsp;&nbsp; (25799523)<br>| &nbsp;&nbsp; 142129661 |
| 238687735 | &nbsp;&nbsp; 234920991 | &nbsp;&nbsp; 823199153 | &nbsp;&nbsp; 524140723 | &nbsp;&nbsp; 314939085 | &nbsp;&nbsp; 172809424 |
| $286423745 | &nbsp;&nbsp; $238687735 | &nbsp;&nbsp; $1035076232 | &nbsp;&nbsp; $823199153 | &nbsp;&nbsp; $289139562 | &nbsp;&nbsp; $314939085 |
| 6600002 | &nbsp;&nbsp; 7550002 | &nbsp;&nbsp; 17950002 | &nbsp;&nbsp; 13300002 | &nbsp;&nbsp; 7975002 | &nbsp;&nbsp; 4975002 |
| 4700000 | &nbsp;&nbsp; 4500000 | &nbsp;&nbsp; 21125000 | &nbsp;&nbsp; 20100000 | &nbsp;&nbsp; 5875000 | &nbsp;&nbsp; 7775000 |
| (3825000)<br>| &nbsp;&nbsp; (5450000)<br>| &nbsp;&nbsp; (18950000)<br>| &nbsp;&nbsp; (15450000)<br>| &nbsp;&nbsp; (7250000)<br>| &nbsp;&nbsp; (4775000)<br>|
| 7475002 | &nbsp;&nbsp; 6600002 | &nbsp;&nbsp; 20125002 | &nbsp;&nbsp; 17950002 | &nbsp;&nbsp; 6600002 | &nbsp;&nbsp; 7975002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets (Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest U.S. Equity Buffer ETF -** <br> **June (FJUN)** | **FT Vest U.S. Equity Buffer ETF -** <br> **June (FJUN)** | **FT Vest U.S. Equity Deep Buffer** <br> **ETF - June (DJUN)** | **FT Vest U.S. Equity Deep Buffer** <br> **ETF - June (DJUN)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(7517520)<br>| &nbsp;&nbsp; $(5221202)<br>| &nbsp;&nbsp; $(2199464)<br>| &nbsp;&nbsp; $(1568822)<br>|
| Net realized gain (loss) | 74941696 | &nbsp;&nbsp; 106782334 | &nbsp;&nbsp; 26265226 | &nbsp;&nbsp; 26842329 |
| Net change in unrealized appreciation (depreciation) | 26528560 | &nbsp;&nbsp; 9833204 | &nbsp;&nbsp; 3266144 | &nbsp;&nbsp; 4129834 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 93952736 | &nbsp;&nbsp; 111394336 | &nbsp;&nbsp; 27331906 | &nbsp;&nbsp; 29403341 |
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 1134630329<br>| &nbsp;&nbsp; 1105817467<br>| &nbsp;&nbsp; 413898264<br>| &nbsp;&nbsp; 274059273<br>|
| Cost of shares redeemed | (1052248971) <br>| &nbsp;&nbsp; (934403755) <br>| &nbsp;&nbsp; (410655804) <br>| &nbsp;&nbsp; (230266345) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 82381358 | &nbsp;&nbsp; 171413712 | &nbsp;&nbsp; 3242460 | &nbsp;&nbsp; 43792928 |
| Total increase (decrease) in net assets | 176334094 | &nbsp;&nbsp; 282808048 | &nbsp;&nbsp; 30574366 | &nbsp;&nbsp; 73196269 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 816700692 | &nbsp;&nbsp; 533892644 | &nbsp;&nbsp; 248708743 | &nbsp;&nbsp; 175512474 |
| End of period | $993034786 | &nbsp;&nbsp; $816700692 | &nbsp;&nbsp; $279283109 | &nbsp;&nbsp; $248708743 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 16425002 | &nbsp;&nbsp; 12675002 | &nbsp;&nbsp; 5925002 | &nbsp;&nbsp; 4825002 |
| Shares sold | 21700000 | &nbsp;&nbsp; 23575000 | &nbsp;&nbsp; 9425000 | &nbsp;&nbsp; 6875000 |
| Shares redeemed | (20100000)<br>| &nbsp;&nbsp; (19825000)<br>| &nbsp;&nbsp; (9275000)<br>| &nbsp;&nbsp; (5775000)<br>|
| Shares outstanding, end of period | 18025002 | &nbsp;&nbsp; 16425002 | &nbsp;&nbsp; 6075002 | &nbsp;&nbsp; 5925002 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest U.S. Equity Buffer ETF - July** <br> **(FJUL)** | **FT Vest U.S. Equity Buffer ETF - July** <br> **(FJUL)** | **FT Vest U.S. Equity Deep Buffer ETF -** <br> **July (DJUL)** | **FT Vest U.S. Equity Deep Buffer ETF -** <br> **July (DJUL)** | **FT Vest U.S. Equity Buffer ETF -** <br> **August (FAUG)** | **FT Vest U.S. Equity Buffer ETF -** <br> **August (FAUG)** |
| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| $(7836660)<br>| &nbsp;&nbsp; $(5150934)<br>| &nbsp;&nbsp; $(2897984)<br>| &nbsp;&nbsp; $(2939943)<br>| &nbsp;&nbsp; $(7260786)<br>| &nbsp;&nbsp; $(4886856)<br>|
| 127571585 | &nbsp;&nbsp; 101795492 | &nbsp;&nbsp; 47135085 | &nbsp;&nbsp; 60841827 | &nbsp;&nbsp; 117877032 | &nbsp;&nbsp; 103552898 |
| 1800378 | &nbsp;&nbsp; 18871814 | &nbsp;&nbsp; (1280253)<br>| &nbsp;&nbsp; 8630060 | &nbsp;&nbsp; (6101383)<br>| &nbsp;&nbsp; (3092710)<br>|
| 121535303 | &nbsp;&nbsp; 115516372 | &nbsp;&nbsp; 42956848 | &nbsp;&nbsp; 66531944 | &nbsp;&nbsp; 104514863 | &nbsp;&nbsp; 95573332 |
| 1259374323<br>| &nbsp;&nbsp; 1266751073<br>| &nbsp;&nbsp; 295487030<br>| &nbsp;&nbsp; 568758996<br>| &nbsp;&nbsp; 1046945257<br>| &nbsp;&nbsp; 652734841<br>|
| (1183552984) <br>| &nbsp;&nbsp; (1056775664) <br>| &nbsp;&nbsp; (290949746) <br>| &nbsp;&nbsp; (568086601) <br>| &nbsp;&nbsp; (922346964) <br>| &nbsp;&nbsp; (573817980) <br>|
| 75821339 | &nbsp;&nbsp; 209975409 | &nbsp;&nbsp; 4537284 | &nbsp;&nbsp; 672395 | &nbsp;&nbsp; 124598293 | &nbsp;&nbsp; 78916861 |
| 197356642 | &nbsp;&nbsp; 325491781 | &nbsp;&nbsp; 47494132 | &nbsp;&nbsp; 67204339 | &nbsp;&nbsp; 229113156 | &nbsp;&nbsp; 174490193 |
| 828703694 | &nbsp;&nbsp; 503211913 | &nbsp;&nbsp; 353841862 | &nbsp;&nbsp; 286637523 | &nbsp;&nbsp; 736421939 | &nbsp;&nbsp; 561931746 |
| $1026060336 | &nbsp;&nbsp; $828703694 | &nbsp;&nbsp; $401335994 | &nbsp;&nbsp; $353841862 | &nbsp;&nbsp; $965535095 | &nbsp;&nbsp; $736421939 |
| 17500002 | &nbsp;&nbsp; 12700002 | &nbsp;&nbsp; 8675002 | &nbsp;&nbsp; 8200002 | &nbsp;&nbsp; 16325002 | &nbsp;&nbsp; 14550002 |
| 24650000 | &nbsp;&nbsp; 28350000 | &nbsp;&nbsp; 6600000 | &nbsp;&nbsp; 15200000 | &nbsp;&nbsp; 21200000 | &nbsp;&nbsp; 15050000 |
| (23025000)<br>| &nbsp;&nbsp; (23550000)<br>| &nbsp;&nbsp; (6550000)<br>| &nbsp;&nbsp; (14725000)<br>| &nbsp;&nbsp; (18525000)<br>| &nbsp;&nbsp; (13275000)<br>|
| 19125002 | &nbsp;&nbsp; 17500002 | &nbsp;&nbsp; 8725002 | &nbsp;&nbsp; 8675002 | &nbsp;&nbsp; 19000002 | &nbsp;&nbsp; 16325002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets (Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest U.S. Equity Deep Buffer** <br> **ETF - August (DAUG)** | **FT Vest U.S. Equity Deep Buffer** <br> **ETF - August (DAUG)** | **FT Vest U.S. Equity Buffer ETF -** <br> **September (FSEP)** | **FT Vest U.S. Equity Buffer ETF -** <br> **September (FSEP)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(2540527)<br>| &nbsp;&nbsp; $(2534820)<br>| &nbsp;&nbsp; $(6744606)<br>| &nbsp;&nbsp; $(3887384)<br>|
| Net realized gain (loss) | 36764606 | &nbsp;&nbsp; 45984754 | &nbsp;&nbsp; 82820784 | &nbsp;&nbsp; 33780391 |
| Net change in unrealized appreciation (depreciation) | (1847992)<br>| &nbsp;&nbsp; (4806897)<br>| &nbsp;&nbsp; 16759685 | &nbsp;&nbsp; 42475549 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 32376087 | &nbsp;&nbsp; 38643037 | &nbsp;&nbsp; 92835863 | &nbsp;&nbsp; 72368556 |
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 345101013<br>| &nbsp;&nbsp; 73291811<br>| &nbsp;&nbsp; 868809721<br>| &nbsp;&nbsp; 539865859<br>|
| Cost of shares redeemed | (319403254) <br>| &nbsp;&nbsp; (215802852) <br>| &nbsp;&nbsp; (617689286) <br>| &nbsp;&nbsp; (338264643) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 25697759 | &nbsp;&nbsp; (142511041)<br>| &nbsp;&nbsp; 251120435 | &nbsp;&nbsp; 201601216 |
| Total increase (decrease) in net assets | 58073846 | &nbsp;&nbsp; (103868004)<br>| &nbsp;&nbsp; 343956298 | &nbsp;&nbsp; 273969772 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 273983182 | &nbsp;&nbsp; 377851186 | &nbsp;&nbsp; 598276499 | &nbsp;&nbsp; 324306727 |
| End of period | $332057028 | &nbsp;&nbsp; $273983182 | &nbsp;&nbsp; $942232797 | &nbsp;&nbsp; $598276499 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 7100002 | &nbsp;&nbsp; 11100002 | &nbsp;&nbsp; 13450002 | &nbsp;&nbsp; 8425002 |
| Shares sold | 8250000 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 19275000 | &nbsp;&nbsp; 13775000 |
| Shares redeemed | (7600000)<br>| &nbsp;&nbsp; (6000000)<br>| &nbsp;&nbsp; (13775000)<br>| &nbsp;&nbsp; (8750000)<br>|
| Shares outstanding, end of period | 7750002 | &nbsp;&nbsp; 7100002 | &nbsp;&nbsp; 18950002 | &nbsp;&nbsp; 13450002 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest U.S. Equity Deep Buffer ETF -** <br> **September (DSEP)** | **FT Vest U.S. Equity Deep Buffer ETF -** <br> **September (DSEP)** | **FT Vest U.S. Equity Buffer ETF -** <br> **October (FOCT)** | **FT Vest U.S. Equity Buffer ETF -** <br> **October (FOCT)** | **FT Vest U.S. Equity Deep Buffer ETF -** <br> **October (DOCT)** | **FT Vest U.S. Equity Deep Buffer ETF -** <br> **October (DOCT)** |
| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| $(2046116)<br>| &nbsp;&nbsp; $(1479063)<br>| &nbsp;&nbsp; $(6594381)<br>| &nbsp;&nbsp; $(3928988)<br>| &nbsp;&nbsp; $(2350674)<br>| &nbsp;&nbsp; $(1474392)<br>|
| 24649260 | &nbsp;&nbsp; 20784616 | &nbsp;&nbsp; 74544660 | &nbsp;&nbsp; 35840039 | &nbsp;&nbsp; 31263337 | &nbsp;&nbsp; 13128345 |
| 2587898 | &nbsp;&nbsp; 7422004 | &nbsp;&nbsp; 10984021 | &nbsp;&nbsp; 24743007 | &nbsp;&nbsp; (414839)<br>| &nbsp;&nbsp; 6234465 |
| 25191042 | &nbsp;&nbsp; 26727557 | &nbsp;&nbsp; 78934300 | &nbsp;&nbsp; 56654058 | &nbsp;&nbsp; 28497824 | &nbsp;&nbsp; 17888418 |
| 209652705<br>| &nbsp;&nbsp; 230977945<br>| &nbsp;&nbsp; 679337952<br>| &nbsp;&nbsp; 615940100<br>| &nbsp;&nbsp; 261726032<br>| &nbsp;&nbsp; 181750993<br>|
| (150989499) <br>| &nbsp;&nbsp; (217017583) <br>| &nbsp;&nbsp; (412994118) <br>| &nbsp;&nbsp; (348670681) <br>| &nbsp;&nbsp; (178426641) <br>| &nbsp;&nbsp; (167220734) <br>|
| 58663206 | &nbsp;&nbsp; 13960362 | &nbsp;&nbsp; 266343834 | &nbsp;&nbsp; 267269419 | &nbsp;&nbsp; 83299391 | &nbsp;&nbsp; 14530259 |
| 83854248 | &nbsp;&nbsp; 40687919 | &nbsp;&nbsp; 345278134 | &nbsp;&nbsp; 323923477 | &nbsp;&nbsp; 111797215 | &nbsp;&nbsp; 32418677 |
| 179523180 | &nbsp;&nbsp; 138835261 | &nbsp;&nbsp; 602383963 | &nbsp;&nbsp; 278460486 | &nbsp;&nbsp; 192207705 | &nbsp;&nbsp; 159789028 |
| $263377428 | &nbsp;&nbsp; $179523180 | &nbsp;&nbsp; $947662097 | &nbsp;&nbsp; $602383963 | &nbsp;&nbsp; $304004920 | &nbsp;&nbsp; $192207705 |
| 4525002 | &nbsp;&nbsp; 3975002 | &nbsp;&nbsp; 14325002 | &nbsp;&nbsp; 7275002 | &nbsp;&nbsp; 4950002 | &nbsp;&nbsp; 4500002 |
| 5250000 | &nbsp;&nbsp; 6675000 | &nbsp;&nbsp; 15875000 | &nbsp;&nbsp; 16325000 | &nbsp;&nbsp; 6700000 | &nbsp;&nbsp; 5175000 |
| (3750000)<br>| &nbsp;&nbsp; (6125000)<br>| &nbsp;&nbsp; (9725000)<br>| &nbsp;&nbsp; (9275000)<br>| &nbsp;&nbsp; (4475000)<br>| &nbsp;&nbsp; (4725000)<br>|
| 6025002 | &nbsp;&nbsp; 4525002 | &nbsp;&nbsp; 20475002 | &nbsp;&nbsp; 14325002 | &nbsp;&nbsp; 7175002 | &nbsp;&nbsp; 4950002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets (Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest U.S. Equity Buffer ETF -** <br> **November (FNOV)** | **FT Vest U.S. Equity Buffer ETF -** <br> **November (FNOV)** | **FT Vest U.S. Equity Deep Buffer** <br> **ETF - November (DNOV)** | **FT Vest U.S. Equity Deep Buffer** <br> **ETF - November (DNOV)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(7061943)<br>| &nbsp;&nbsp; $(4666130)<br>| &nbsp;&nbsp; $(2464594)<br>| &nbsp;&nbsp; $(2101694)<br>|
| Net realized gain (loss) | 94266107 | &nbsp;&nbsp; 47802261 | &nbsp;&nbsp; 32606781 | &nbsp;&nbsp; 38405272 |
| Net change in unrealized appreciation (depreciation) | (5560662)<br>| &nbsp;&nbsp; 40298144 | &nbsp;&nbsp; (3197068)<br>| &nbsp;&nbsp; 1183416 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 81643502 | &nbsp;&nbsp; 83434275 | &nbsp;&nbsp; 26945119 | &nbsp;&nbsp; 37486994 |
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 750437277<br>| &nbsp;&nbsp; 655357767<br>| &nbsp;&nbsp; 192904368<br>| &nbsp;&nbsp; 200003978<br>|
| Cost of shares redeemed | (546692503) <br>| &nbsp;&nbsp; (430812627) <br>| &nbsp;&nbsp; (141399224) <br>| &nbsp;&nbsp; (232504155) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 203744774 | &nbsp;&nbsp; 224545140 | &nbsp;&nbsp; 51505144 | &nbsp;&nbsp; (32500177)<br>|
| Total increase (decrease) in net assets | 285388276 | &nbsp;&nbsp; 307979415 | &nbsp;&nbsp; 78450263 | &nbsp;&nbsp; 4986817 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 701158434 | &nbsp;&nbsp; 393179019 | &nbsp;&nbsp; 246031226 | &nbsp;&nbsp; 241044409 |
| End of period | $986546710 | &nbsp;&nbsp; $701158434 | &nbsp;&nbsp; $324481489 | &nbsp;&nbsp; $246031226 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 14975002 | &nbsp;&nbsp; 9625002 | &nbsp;&nbsp; 5850002 | &nbsp;&nbsp; 6525002 |
| Shares sold | 15600000 | &nbsp;&nbsp; 15825000 | &nbsp;&nbsp; 4500000 | &nbsp;&nbsp; 5425000 |
| Shares redeemed | (11525000)<br>| &nbsp;&nbsp; (10475000)<br>| &nbsp;&nbsp; (3300000)<br>| &nbsp;&nbsp; (6100000)<br>|
| Shares outstanding, end of period | 19050002 | &nbsp;&nbsp; 14975002 | &nbsp;&nbsp; 7050002 | &nbsp;&nbsp; 5850002 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest U.S. Equity Buffer ETF -** <br> **December (FDEC)** | **FT Vest U.S. Equity Buffer ETF -** <br> **December (FDEC)** | **FT Vest U.S. Equity Deep Buffer ETF -** <br> **December (DDEC)** | **FT Vest U.S. Equity Deep Buffer ETF -** <br> **December (DDEC)** | **FT Vest Buffered Allocation Defensive** <br> **ETF (BUFT)** | **FT Vest Buffered Allocation Defensive** <br> **ETF (BUFT)** |
| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| $(7550157)<br>| &nbsp;&nbsp; $(5125244)<br>| &nbsp;&nbsp; $(2609644)<br>| &nbsp;&nbsp; $(2537722)<br>| &nbsp;&nbsp; $(237861)<br>| &nbsp;&nbsp; $(206717)<br>|
| 94781843 | &nbsp;&nbsp; 81283824 | &nbsp;&nbsp; 41337557 | &nbsp;&nbsp; 41436740 | &nbsp;&nbsp; 8784473 | &nbsp;&nbsp; 11109825 |
| 7241200 | &nbsp;&nbsp; 36600198 | &nbsp;&nbsp; (8565579)<br>| &nbsp;&nbsp; 2782665 | &nbsp;&nbsp; 1060343 | &nbsp;&nbsp; (762808)<br>|
| 94472886 | &nbsp;&nbsp; 112758778 | &nbsp;&nbsp; 30162334 | &nbsp;&nbsp; 41681683 | &nbsp;&nbsp; 9606955 | &nbsp;&nbsp; 10140300 |
| 927887101<br>| &nbsp;&nbsp; 937649464<br>| &nbsp;&nbsp; 243800679<br>| &nbsp;&nbsp; 348355451<br>| &nbsp;&nbsp; 333805211<br>| &nbsp;&nbsp; 276394239<br>|
| (692074412) <br>| &nbsp;&nbsp; (623880679) <br>| &nbsp;&nbsp; (252874252) <br>| &nbsp;&nbsp; (346402834) <br>| &nbsp;&nbsp; (329869363) <br>| &nbsp;&nbsp; (268415080) <br>|
| 235812689 | &nbsp;&nbsp; 313768785 | &nbsp;&nbsp; (9073573)<br>| &nbsp;&nbsp; 1952617 | &nbsp;&nbsp; 3935848 | &nbsp;&nbsp; 7979159 |
| 330285575 | &nbsp;&nbsp; 426527563 | &nbsp;&nbsp; 21088761 | &nbsp;&nbsp; 43634300 | &nbsp;&nbsp; 13542803 | &nbsp;&nbsp; 18119459 |
| 723659054 | &nbsp;&nbsp; 297131491 | &nbsp;&nbsp; 322617352 | &nbsp;&nbsp; 278983052 | &nbsp;&nbsp; 113549903 | &nbsp;&nbsp; 95430444 |
| $1053944629 | &nbsp;&nbsp; $723659054 | &nbsp;&nbsp; $343706113 | &nbsp;&nbsp; $322617352 | &nbsp;&nbsp; $127092706 | &nbsp;&nbsp; $113549903 |
| 16650002 | &nbsp;&nbsp; 8125002 | &nbsp;&nbsp; 8225002 | &nbsp;&nbsp; 8150002 | &nbsp;&nbsp; 5150002 | &nbsp;&nbsp; 4750002 |
| 20725000 | &nbsp;&nbsp; 24175000 | &nbsp;&nbsp; 6075000 | &nbsp;&nbsp; 9800000 | &nbsp;&nbsp; 14750000 | &nbsp;&nbsp; 13100000 |
| (15500000)<br>| &nbsp;&nbsp; (15650000)<br>| &nbsp;&nbsp; (6300000)<br>| &nbsp;&nbsp; (9725000)<br>| &nbsp;&nbsp; (14600000)<br>| &nbsp;&nbsp; (12700000)<br>|
| 21875002 | &nbsp;&nbsp; 16650002 | &nbsp;&nbsp; 8000002 | &nbsp;&nbsp; 8225002 | &nbsp;&nbsp; 5300002 | &nbsp;&nbsp; 5150002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets (Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **FT Vest Buffered Allocation** <br> **Growth ETF (BUFG)** | **FT Vest Buffered Allocation** <br> **Growth ETF (BUFG)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |
| Net investment income (loss) | $(501655)<br>| &nbsp;&nbsp; $(382552)<br>|
| Net realized gain (loss) | 20971892 | &nbsp;&nbsp; 25635966 |
| Net change in unrealized appreciation <br> (depreciation)<br>| 5872825 | &nbsp;&nbsp; 5624036 |
| Net increase (decrease) in net assets resulting <br> from operations<br>| 26343062 | &nbsp;&nbsp; 30877450 |
| **SHAREHOLDER TRANSACTIONS:** |  |  |
| Proceeds from shares sold | 414902932<br>| &nbsp;&nbsp; 544098000<br>|
| Cost of shares redeemed | (398360224) <br>| &nbsp;&nbsp; (501142555) <br>|
| Net increase (decrease) in net assets resulting <br> from shareholder transactions<br>| 16542708 | &nbsp;&nbsp; 42955445 |
| Total increase (decrease) in net assets | 42885770 | &nbsp;&nbsp; 73832895 |
| **NET ASSETS:** |  |  |
| Beginning of period | 237980706 | &nbsp;&nbsp; 164147811 |
| End of period | $280866476 | &nbsp;&nbsp; $237980706 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |
| Shares outstanding, beginning of period | 10000002 | &nbsp;&nbsp; 8050002 |
| Shares sold | 16750000 | &nbsp;&nbsp; 24900000 |
| Shares redeemed | (16100000)<br>| &nbsp;&nbsp; (22950000)<br>|
| Shares outstanding, end of period | 10650002 | &nbsp;&nbsp; 10000002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights**

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Buffer ETF - January (FJAN)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $44.39 | &nbsp;&nbsp;&nbsp;&nbsp; $37.67 | &nbsp;&nbsp;&nbsp;&nbsp; $32.35 | &nbsp;&nbsp;&nbsp;&nbsp; $33.37 | &nbsp;&nbsp;&nbsp;&nbsp; $30.06 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.38) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.33) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.29) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.19) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.14) <br>|
| Net realized and unrealized gain (loss) | 5.12<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.05<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.61<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.83) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.45<br>|
| Total from investment operations | 4.74<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.72<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.02) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.31<br>|
| Net asset value, end of period | $49.13<br>| &nbsp;&nbsp;&nbsp;&nbsp; $44.39<br>| &nbsp;&nbsp;&nbsp;&nbsp; $37.67<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.35<br>| &nbsp;&nbsp;&nbsp;&nbsp; $33.37<br>|
| **Total return** (c) | 10.68<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 17.84<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16.45<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.06)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 11.01<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $1117615<br>| &nbsp;&nbsp;&nbsp;&nbsp; $742340<br>| &nbsp;&nbsp;&nbsp;&nbsp; $337119<br>| &nbsp;&nbsp;&nbsp;&nbsp; $189233<br>| &nbsp;&nbsp;&nbsp;&nbsp; $126811<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is January 15, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Deep Buffer ETF - January (DJAN)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $37.89 | &nbsp;&nbsp;&nbsp;&nbsp; $33.19 | &nbsp;&nbsp;&nbsp;&nbsp; $30.74 | &nbsp;&nbsp;&nbsp;&nbsp; $31.94 | &nbsp;&nbsp;&nbsp;&nbsp; $30.06 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.32) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.29) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.26) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.04) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.22) <br>|
| Net realized and unrealized gain (loss) | 3.90<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.99<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.71<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.16) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.10<br>|
| Total from investment operations | 3.58<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.70<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.45<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.20) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.88<br>|
| Net asset value, end of period | $41.47<br>| &nbsp;&nbsp;&nbsp;&nbsp; $37.89<br>| &nbsp;&nbsp;&nbsp;&nbsp; $33.19<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.74<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.94<br>|
| **Total return** (c) | 9.45<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.16<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.97<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.76)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.25<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $350434<br>| &nbsp;&nbsp;&nbsp;&nbsp; $245331<br>| &nbsp;&nbsp;&nbsp;&nbsp; $185028<br>| &nbsp;&nbsp;&nbsp;&nbsp; $132931<br>| &nbsp;&nbsp;&nbsp;&nbsp; $49511<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is January 15, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Buffer ETF - February (FFEB)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $48.05 | &nbsp;&nbsp;&nbsp;&nbsp; $40.34 | &nbsp;&nbsp;&nbsp;&nbsp; $35.45 | &nbsp;&nbsp;&nbsp;&nbsp; $37.46 | &nbsp;&nbsp;&nbsp;&nbsp; $31.48 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.41) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.36) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.31) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.22) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.30) <br>|
| Net realized and unrealized gain (loss) | 6.39<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.07<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.20<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.79) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.28<br>|
| Total from investment operations | 5.98<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.71<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.89<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.01) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.98<br>|
| Net asset value, end of period | $54.03<br>| &nbsp;&nbsp;&nbsp;&nbsp; $48.05<br>| &nbsp;&nbsp;&nbsp;&nbsp; $40.34<br>| &nbsp;&nbsp;&nbsp;&nbsp; $35.45<br>| &nbsp;&nbsp;&nbsp;&nbsp; $37.46<br>|
| **Total return** (b) | 12.45<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 19.11<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.79<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (5.37)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 19.00<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $1091499<br>| &nbsp;&nbsp;&nbsp;&nbsp; $926256<br>| &nbsp;&nbsp;&nbsp;&nbsp; $386234<br>| &nbsp;&nbsp;&nbsp;&nbsp; $303079<br>| &nbsp;&nbsp;&nbsp;&nbsp; $258453<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>|
| Portfolio turnover rate (c) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Deep Buffer ETF - February (DFEB)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $41.36 | &nbsp;&nbsp;&nbsp;&nbsp; $35.89 | &nbsp;&nbsp;&nbsp;&nbsp; $33.96 | &nbsp;&nbsp;&nbsp;&nbsp; $34.68 | &nbsp;&nbsp;&nbsp;&nbsp; $31.24 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.35) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.31) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.28) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.25) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.52) <br>|
| Net realized and unrealized gain (loss) | 4.81<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.78<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.21<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.47) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.96<br>|
| Total from investment operations | 4.46<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.47<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.93<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.72) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.44<br>|
| Net asset value, end of period | $45.82<br>| &nbsp;&nbsp;&nbsp;&nbsp; $41.36<br>| &nbsp;&nbsp;&nbsp;&nbsp; $35.89<br>| &nbsp;&nbsp;&nbsp;&nbsp; $33.96<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.68<br>|
| **Total return** (b) | 10.78<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.24<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.68<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.08)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 11.01<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $406671<br>| &nbsp;&nbsp;&nbsp;&nbsp; $262627<br>| &nbsp;&nbsp;&nbsp;&nbsp; $206343<br>| &nbsp;&nbsp;&nbsp;&nbsp; $303106<br>| &nbsp;&nbsp;&nbsp;&nbsp; $282634<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>|
| Portfolio turnover rate (c) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Buffer ETF - March (FMAR)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $41.71 | &nbsp;&nbsp;&nbsp;&nbsp; $36.06 | &nbsp;&nbsp;&nbsp;&nbsp; $31.28 | &nbsp;&nbsp;&nbsp;&nbsp; $32.40 | &nbsp;&nbsp;&nbsp;&nbsp; $29.60 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.36) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.32) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.27) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.13) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.10) <br>|
| Net realized and unrealized gain (loss) | 4.52<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.97<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.05<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.99) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.90<br>|
| Total from investment operations | 4.16<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.65<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.78<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.12) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.80<br>|
| Net asset value, end of period | $45.87<br>| &nbsp;&nbsp;&nbsp;&nbsp; $41.71<br>| &nbsp;&nbsp;&nbsp;&nbsp; $36.06<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.28<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.40<br>|
| **Total return** (c) | 9.97<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.67<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.28<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.46)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.46<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $878440<br>| &nbsp;&nbsp;&nbsp;&nbsp; $860250<br>| &nbsp;&nbsp;&nbsp;&nbsp; $320901<br>| &nbsp;&nbsp;&nbsp;&nbsp; $197064<br>| &nbsp;&nbsp;&nbsp;&nbsp; $82609<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is March 19, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Deep Buffer ETF - March (DMAR)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $36.94 | &nbsp;&nbsp;&nbsp;&nbsp; $32.71 | &nbsp;&nbsp;&nbsp;&nbsp; $30.36 | &nbsp;&nbsp;&nbsp;&nbsp; $31.45 | &nbsp;&nbsp;&nbsp;&nbsp; $29.60 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.31) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.28) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.25) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.09) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.10) <br>|
| Net realized and unrealized gain (loss) | 3.75<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.51<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.60<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.00) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.95<br>|
| Total from investment operations | 3.44<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.23<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.35<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.09) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.85<br>|
| Net asset value, end of period | $40.38<br>| &nbsp;&nbsp;&nbsp;&nbsp; $36.94<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.71<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.36<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.45<br>|
| **Total return** (c) | 9.31<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 12.93<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.74<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.47)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.25<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $358372<br>| &nbsp;&nbsp;&nbsp;&nbsp; $301068<br>| &nbsp;&nbsp;&nbsp;&nbsp; $201159<br>| &nbsp;&nbsp;&nbsp;&nbsp; $192793<br>| &nbsp;&nbsp;&nbsp;&nbsp; $66053<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is March 19, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Buffer ETF - April (FAPR)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $40.01 | &nbsp;&nbsp;&nbsp;&nbsp; $33.25 | &nbsp;&nbsp;&nbsp;&nbsp; $29.40 | &nbsp;&nbsp;&nbsp;&nbsp; $31.71 | &nbsp;&nbsp;&nbsp;&nbsp; $30.04 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.34) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.29) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.25) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.12) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.08) <br>|
| Net realized and unrealized gain (loss) | 3.42<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.05<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.10<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.19) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.75<br>|
| Total from investment operations | 3.08<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.76<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.85<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.31) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.67<br>|
| Net asset value, end of period | $43.09<br>| &nbsp;&nbsp;&nbsp;&nbsp; $40.01<br>| &nbsp;&nbsp;&nbsp;&nbsp; $33.25<br>| &nbsp;&nbsp;&nbsp;&nbsp; $29.40<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.71<br>|
| **Total return** (c) | 7.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 20.33<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.10<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (7.28)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.56<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $863865<br>| &nbsp;&nbsp;&nbsp;&nbsp; $689112<br>| &nbsp;&nbsp;&nbsp;&nbsp; $405693<br>| &nbsp;&nbsp;&nbsp;&nbsp; $281511<br>| &nbsp;&nbsp;&nbsp;&nbsp; $134751<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is April 16, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Deep Buffer ETF - April (DAPR)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $36.16 | &nbsp;&nbsp;&nbsp;&nbsp; $31.12 | &nbsp;&nbsp;&nbsp;&nbsp; $29.87 | &nbsp;&nbsp;&nbsp;&nbsp; $31.08 | &nbsp;&nbsp;&nbsp;&nbsp; $30.04 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.30) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.27) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.24) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.07) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.10) <br>|
| Net realized and unrealized gain (loss) | 2.46<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.31<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.49<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.14) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.14<br>|
| Total from investment operations | 2.16<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.04<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.25<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.21) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.04<br>|
| Net asset value, end of period | $38.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; $36.16<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.12<br>| &nbsp;&nbsp;&nbsp;&nbsp; $29.87<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.08<br>|
| **Total return** (c) | 5.97<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.18<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.89)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.46<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $286424<br>| &nbsp;&nbsp;&nbsp;&nbsp; $238688<br>| &nbsp;&nbsp;&nbsp;&nbsp; $234921<br>| &nbsp;&nbsp;&nbsp;&nbsp; $265833<br>| &nbsp;&nbsp;&nbsp;&nbsp; $93226<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is April 16, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Buffer ETF - May (FMAY)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $45.86 | &nbsp;&nbsp;&nbsp;&nbsp; $39.41 | &nbsp;&nbsp;&nbsp;&nbsp; $35.67 | &nbsp;&nbsp;&nbsp;&nbsp; $37.29 | &nbsp;&nbsp;&nbsp;&nbsp; $33.47 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.39) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.34) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.30) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.05) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.16) <br>|
| Net realized and unrealized gain (loss) | 5.96<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.79<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.04<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.57) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.98<br>|
| Total from investment operations | 5.57<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.45<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.74<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.62) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.82<br>|
| Net asset value, end of period | $51.43<br>| &nbsp;&nbsp;&nbsp;&nbsp; $45.86<br>| &nbsp;&nbsp;&nbsp;&nbsp; $39.41<br>| &nbsp;&nbsp;&nbsp;&nbsp; $35.67<br>| &nbsp;&nbsp;&nbsp;&nbsp; $37.29<br>|
| **Total return** (b) | 12.15<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16.37<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 10.49<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (4.34)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 11.41<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $1035076<br>| &nbsp;&nbsp;&nbsp;&nbsp; $823199<br>| &nbsp;&nbsp;&nbsp;&nbsp; $524141<br>| &nbsp;&nbsp;&nbsp;&nbsp; $363848<br>| &nbsp;&nbsp;&nbsp;&nbsp; $111876<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>|
| Portfolio turnover rate (c) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Deep Buffer ETF - May (DMAY)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $39.49 | &nbsp;&nbsp;&nbsp;&nbsp; $34.74 | &nbsp;&nbsp;&nbsp;&nbsp; $31.61 | &nbsp;&nbsp;&nbsp;&nbsp; $34.25 | &nbsp;&nbsp;&nbsp;&nbsp; $32.16 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.34) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.30) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.27) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.05) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.08) <br>|
| Net realized and unrealized gain (loss) | 4.66<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.05<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.40<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.59) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.17<br>|
| Total from investment operations | 4.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.75<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.13<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.64) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.09<br>|
| Net asset value, end of period | $43.81<br>| &nbsp;&nbsp;&nbsp;&nbsp; $39.49<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.74<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.61<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.25<br>|
| **Total return** (b) | 10.94<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.67<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (7.71)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.50<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $289140<br>| &nbsp;&nbsp;&nbsp;&nbsp; $314939<br>| &nbsp;&nbsp;&nbsp;&nbsp; $172809<br>| &nbsp;&nbsp;&nbsp;&nbsp; $226018<br>| &nbsp;&nbsp;&nbsp;&nbsp; $63371<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>|
| Portfolio turnover rate (c) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Buffer ETF - June (FJUN)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $49.72 | &nbsp;&nbsp;&nbsp;&nbsp; $42.12 | &nbsp;&nbsp;&nbsp;&nbsp; $36.40 | &nbsp;&nbsp;&nbsp;&nbsp; $37.07 | &nbsp;&nbsp;&nbsp;&nbsp; $32.56 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.42) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.37) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.31) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.08) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.15) <br>|
| Net realized and unrealized gain (loss) | 5.79<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.97<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.03<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.59) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.66<br>|
| Total from investment operations | 5.37<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.60<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.72<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.67) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.51<br>|
| Net asset value, end of period | $55.09<br>| &nbsp;&nbsp;&nbsp;&nbsp; $49.72<br>| &nbsp;&nbsp;&nbsp;&nbsp; $42.12<br>| &nbsp;&nbsp;&nbsp;&nbsp; $36.40<br>| &nbsp;&nbsp;&nbsp;&nbsp; $37.07<br>|
| **Total return** (c) | 10.80<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 18.04<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.71<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.85<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $993035<br>| &nbsp;&nbsp;&nbsp;&nbsp; $816701<br>| &nbsp;&nbsp;&nbsp;&nbsp; $533893<br>| &nbsp;&nbsp;&nbsp;&nbsp; $298498<br>| &nbsp;&nbsp;&nbsp;&nbsp; $113075<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>|
| Portfolio turnover rate (d) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 per share amount does not correlate with the aggregate realized and unrealized gain (loss) due to the timing of the Fund share sales and repurchases
 in relation to market value fluctuation of the underlying investments.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Deep Buffer ETF - June (DJUN)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $41.98 | &nbsp;&nbsp;&nbsp;&nbsp; $36.38 | &nbsp;&nbsp;&nbsp;&nbsp; $32.44 | &nbsp;&nbsp;&nbsp;&nbsp; $34.04 | &nbsp;&nbsp;&nbsp;&nbsp; $31.62 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.36) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.32) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.28) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.07) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.13) <br>|
| Net realized and unrealized gain (loss) | 4.35<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.92<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.22<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.53) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.55<br>|
| Total from investment operations | 3.99<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.60<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.94<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.60) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.42<br>|
| Net asset value, end of period | $45.97<br>| &nbsp;&nbsp;&nbsp;&nbsp; $41.98<br>| &nbsp;&nbsp;&nbsp;&nbsp; $36.38<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.44<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.04<br>|
| **Total return** (b) | 9.50<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.39<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 12.15<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (4.70)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.65<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $279283<br>| &nbsp;&nbsp;&nbsp;&nbsp; $248709<br>| &nbsp;&nbsp;&nbsp;&nbsp; $175512<br>| &nbsp;&nbsp;&nbsp;&nbsp; $180064<br>| &nbsp;&nbsp;&nbsp;&nbsp; $45951<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>|
| Portfolio turnover rate (c) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Buffer ETF - July (FJUL)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $47.35 | &nbsp;&nbsp;&nbsp;&nbsp; $39.62 | &nbsp;&nbsp;&nbsp;&nbsp; $34.74 | &nbsp;&nbsp;&nbsp;&nbsp; $35.63 | &nbsp;&nbsp;&nbsp;&nbsp; $31.61 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.41) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.35) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.30) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.17) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.09) <br>|
| Net realized and unrealized gain (loss) | 6.71<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.08<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.18<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.72) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.11<br>|
| Total from investment operations | 6.30<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.73<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.88<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.89) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.02<br>|
| Net asset value, end of period | $53.65<br>| &nbsp;&nbsp;&nbsp;&nbsp; $47.35<br>| &nbsp;&nbsp;&nbsp;&nbsp; $39.62<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.74<br>| &nbsp;&nbsp;&nbsp;&nbsp; $35.63<br>|
| **Total return** (b) | 13.31<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 19.51<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.05<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.50)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 12.72<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $1026060<br>| &nbsp;&nbsp;&nbsp;&nbsp; $828704<br>| &nbsp;&nbsp;&nbsp;&nbsp; $503212<br>| &nbsp;&nbsp;&nbsp;&nbsp; $220593<br>| &nbsp;&nbsp;&nbsp;&nbsp; $124722<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>|
| Portfolio turnover rate (c) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Deep Buffer ETF - July (DJUL)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $40.79 | &nbsp;&nbsp;&nbsp;&nbsp; $34.96 | &nbsp;&nbsp;&nbsp;&nbsp; $31.12 | &nbsp;&nbsp;&nbsp;&nbsp; $33.17 | &nbsp;&nbsp;&nbsp;&nbsp; $30.96 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.35) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.30) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.26) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.08) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.09) <br>|
| Net realized and unrealized gain (loss) | 5.56<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.13<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.10<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.97) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.30<br>|
| Total from investment operations | 5.21<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.83<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.84<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.05) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.21<br>|
| Net asset value, end of period | $46.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; $40.79<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.96<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.12<br>| &nbsp;&nbsp;&nbsp;&nbsp; $33.17<br>|
| **Total return** (b) | 12.77<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16.68<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 12.34<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (6.18)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.14<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $401336<br>| &nbsp;&nbsp;&nbsp;&nbsp; $353842<br>| &nbsp;&nbsp;&nbsp;&nbsp; $286638<br>| &nbsp;&nbsp;&nbsp;&nbsp; $157135<br>| &nbsp;&nbsp;&nbsp;&nbsp; $54735<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>|
| Portfolio turnover rate (c) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Buffer ETF - August (FAUG)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $45.11 | &nbsp;&nbsp;&nbsp;&nbsp; $38.62 | &nbsp;&nbsp;&nbsp;&nbsp; $35.30 | &nbsp;&nbsp;&nbsp;&nbsp; $37.50 | &nbsp;&nbsp;&nbsp;&nbsp; $32.95 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.39) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.34) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.30) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.12) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.13) <br>|
| Net realized and unrealized gain (loss) | 6.10<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.83<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.62<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.08) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.68<br>|
| Total from investment operations | 5.71<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.49<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.20) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.55<br>|
| Net asset value, end of period | $50.82<br>| &nbsp;&nbsp;&nbsp;&nbsp; $45.11<br>| &nbsp;&nbsp;&nbsp;&nbsp; $38.62<br>| &nbsp;&nbsp;&nbsp;&nbsp; $35.30<br>| &nbsp;&nbsp;&nbsp;&nbsp; $37.50<br>|
| **Total return** (b) | 12.66<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16.80<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.41<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (5.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.81<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $965535<br>| &nbsp;&nbsp;&nbsp;&nbsp; $736422<br>| &nbsp;&nbsp;&nbsp;&nbsp; $561932<br>| &nbsp;&nbsp;&nbsp;&nbsp; $322983<br>| &nbsp;&nbsp;&nbsp;&nbsp; $155642<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>|
| Portfolio turnover rate (c) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Deep Buffer ETF - August (DAUG)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $38.59 | &nbsp;&nbsp;&nbsp;&nbsp; $34.04 | &nbsp;&nbsp;&nbsp;&nbsp; $31.59 | &nbsp;&nbsp;&nbsp;&nbsp; $34.76 | &nbsp;&nbsp;&nbsp;&nbsp; $32.15 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.33) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.29) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.26) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.14) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.49) <br>|
| Net realized and unrealized gain (loss) | 4.59<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.84<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.71<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.03) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.10<br>|
| Total from investment operations | 4.26<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.55<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.45<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.17) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.61<br>|
| Net asset value, end of period | $42.85<br>| &nbsp;&nbsp;&nbsp;&nbsp; $38.59<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.04<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.59<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.76<br>|
| **Total return** (b) | 11.04<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.37<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.76<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (9.12)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.12<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $332057<br>| &nbsp;&nbsp;&nbsp;&nbsp; $273983<br>| &nbsp;&nbsp;&nbsp;&nbsp; $377851<br>| &nbsp;&nbsp;&nbsp;&nbsp; $157149<br>| &nbsp;&nbsp;&nbsp;&nbsp; $90370<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>|
| Portfolio turnover rate (c) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Buffer ETF - September (FSEP)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $44.48 | &nbsp;&nbsp;&nbsp;&nbsp; $38.49 | &nbsp;&nbsp;&nbsp;&nbsp; $33.37 | &nbsp;&nbsp;&nbsp;&nbsp; $34.45 | &nbsp;&nbsp;&nbsp;&nbsp; $29.76 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.38) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.34) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.29) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.17) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.16) <br>|
| Net realized and unrealized gain (loss) | 5.62<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.33<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.41<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.91) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.85<br>|
| Total from investment operations | 5.24<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.99<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.12<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.08) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.69<br>|
| Net asset value, end of period | $49.72<br>| &nbsp;&nbsp;&nbsp;&nbsp; $44.48<br>| &nbsp;&nbsp;&nbsp;&nbsp; $38.49<br>| &nbsp;&nbsp;&nbsp;&nbsp; $33.37<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.45<br>|
| **Total return** (c) | 11.78<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.56<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.34<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.13)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.76<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $942233<br>| &nbsp;&nbsp;&nbsp;&nbsp; $598276<br>| &nbsp;&nbsp;&nbsp;&nbsp; $324307<br>| &nbsp;&nbsp;&nbsp;&nbsp; $125122<br>| &nbsp;&nbsp;&nbsp;&nbsp; $41344<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is September 18, 2020, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Deep Buffer ETF - September (DSEP)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $39.67 | &nbsp;&nbsp;&nbsp;&nbsp; $34.93 | &nbsp;&nbsp;&nbsp;&nbsp; $30.43 | &nbsp;&nbsp;&nbsp;&nbsp; $32.30 | &nbsp;&nbsp;&nbsp;&nbsp; $29.76 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.33) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.30) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.26) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.27) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.25) <br>|
| Net realized and unrealized gain (loss) | 4.37<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.04<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.76<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.60) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.79<br>|
| Total from investment operations | 4.04<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.74<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.50<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.87) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.54<br>|
| Net asset value, end of period | $43.71<br>| &nbsp;&nbsp;&nbsp;&nbsp; $39.67<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.93<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.43<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.30<br>|
| **Total return** (c) | 10.18<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.57<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.79<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (5.79)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.53<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $263377<br>| &nbsp;&nbsp;&nbsp;&nbsp; $179523<br>| &nbsp;&nbsp;&nbsp;&nbsp; $138835<br>| &nbsp;&nbsp;&nbsp;&nbsp; $98899<br>| &nbsp;&nbsp;&nbsp;&nbsp; $25841<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is September 18, 2020, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Buffer ETF - October (FOCT)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $42.05 | &nbsp;&nbsp;&nbsp;&nbsp; $38.28 | &nbsp;&nbsp;&nbsp;&nbsp; $32.89 | &nbsp;&nbsp;&nbsp;&nbsp; $34.40 | &nbsp;&nbsp;&nbsp;&nbsp; $29.87 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.35) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.32) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.28) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.17) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.21) <br>|
| Net realized and unrealized gain (loss) | 4.58<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.09<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.67<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.34) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.74<br>|
| Total from investment operations | 4.23<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.77<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.39<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.51) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.53<br>|
| Net asset value, end of period | $46.28<br>| &nbsp;&nbsp;&nbsp;&nbsp; $42.05<br>| &nbsp;&nbsp;&nbsp;&nbsp; $38.28<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.89<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.40<br>|
| **Total return** (c) | 10.06<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16.39<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (4.39)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.17<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $947662<br>| &nbsp;&nbsp;&nbsp;&nbsp; $602384<br>| &nbsp;&nbsp;&nbsp;&nbsp; $278460<br>| &nbsp;&nbsp;&nbsp;&nbsp; $146368<br>| &nbsp;&nbsp;&nbsp;&nbsp; $70529<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is October 16, 2020, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Deep Buffer ETF - October (DOCT)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $38.83 | &nbsp;&nbsp;&nbsp;&nbsp; $35.51 | &nbsp;&nbsp;&nbsp;&nbsp; $30.60 | &nbsp;&nbsp;&nbsp;&nbsp; $32.41 | &nbsp;&nbsp;&nbsp;&nbsp; $29.87 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.32) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.30) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.27) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.08) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.21) <br>|
| Net realized and unrealized gain (loss) | 3.86<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.62<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.18<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.73) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.75<br>|
| Total from investment operations | 3.54<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.91<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.81) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.54<br>|
| Net asset value, end of period | $42.37<br>| &nbsp;&nbsp;&nbsp;&nbsp; $38.83<br>| &nbsp;&nbsp;&nbsp;&nbsp; $35.51<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.60<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.41<br>|
| **Total return** (c) | 9.12<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.35<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16.05<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (5.58)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.50<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $304005<br>| &nbsp;&nbsp;&nbsp;&nbsp; $192208<br>| &nbsp;&nbsp;&nbsp;&nbsp; $159789<br>| &nbsp;&nbsp;&nbsp;&nbsp; $123933<br>| &nbsp;&nbsp;&nbsp;&nbsp; $40511<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is October 16, 2020, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Buffer ETF - November (FNOV)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $46.82 | &nbsp;&nbsp;&nbsp;&nbsp; $40.85 | &nbsp;&nbsp;&nbsp;&nbsp; $35.52 | &nbsp;&nbsp;&nbsp;&nbsp; $38.30 | &nbsp;&nbsp;&nbsp;&nbsp; $32.89 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.40) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.35) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.31) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.05) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.40) <br>|
| Net realized and unrealized gain (loss) | 5.37<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.64<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.73) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.81<br>|
| Total from investment operations | 4.97<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.97<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.33<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.78) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.41<br>|
| Net asset value, end of period | $51.79<br>| &nbsp;&nbsp;&nbsp;&nbsp; $46.82<br>| &nbsp;&nbsp;&nbsp;&nbsp; $40.85<br>| &nbsp;&nbsp;&nbsp;&nbsp; $35.52<br>| &nbsp;&nbsp;&nbsp;&nbsp; $38.30<br>|
| **Total return** (b) | 10.62<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.61<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.01<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (7.26)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16.45<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $986547<br>| &nbsp;&nbsp;&nbsp;&nbsp; $701158<br>| &nbsp;&nbsp;&nbsp;&nbsp; $393179<br>| &nbsp;&nbsp;&nbsp;&nbsp; $261058<br>| &nbsp;&nbsp;&nbsp;&nbsp; $143616<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>|
| Portfolio turnover rate (c) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Deep Buffer ETF - November (DNOV)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $42.06 | &nbsp;&nbsp;&nbsp;&nbsp; $36.94 | &nbsp;&nbsp;&nbsp;&nbsp; $32.80 | &nbsp;&nbsp;&nbsp;&nbsp; $34.99 | &nbsp;&nbsp;&nbsp;&nbsp; $32.09 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.35) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.32) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.28) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.28) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.43) <br>|
| Net realized and unrealized gain (loss) | 4.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.44<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.42<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.91) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.33<br>|
| Total from investment operations | 3.97<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.12<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.14<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.19) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.90<br>|
| Net asset value, end of period | $46.03<br>| &nbsp;&nbsp;&nbsp;&nbsp; $42.06<br>| &nbsp;&nbsp;&nbsp;&nbsp; $36.94<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.80<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.99<br>|
| **Total return** (b) | 9.44<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.86<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 12.62<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (6.26)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.04<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $324481<br>| &nbsp;&nbsp;&nbsp;&nbsp; $246031<br>| &nbsp;&nbsp;&nbsp;&nbsp; $241044<br>| &nbsp;&nbsp;&nbsp;&nbsp; $400193<br>| &nbsp;&nbsp;&nbsp;&nbsp; $90968<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% <br>|
| Portfolio turnover rate (c) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Buffer ETF - December (FDEC)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $43.46 | &nbsp;&nbsp;&nbsp;&nbsp; $36.57 | &nbsp;&nbsp;&nbsp;&nbsp; $31.69 | &nbsp;&nbsp;&nbsp;&nbsp; $33.78 | &nbsp;&nbsp;&nbsp;&nbsp; $30.27 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.37) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.33) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.27) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.28) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.17) <br>|
| Net realized and unrealized gain (loss) | 5.09<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.22<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.15<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.81) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.68<br>|
| Total from investment operations | 4.72<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.89<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.88<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.09) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.51<br>|
| Net asset value, end of period | $48.18<br>| &nbsp;&nbsp;&nbsp;&nbsp; $43.46<br>| &nbsp;&nbsp;&nbsp;&nbsp; $36.57<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.69<br>| &nbsp;&nbsp;&nbsp;&nbsp; $33.78<br>|
| **Total return** (c) | 10.86<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 18.84<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.40<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (6.19)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 11.60<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $1053945<br>| &nbsp;&nbsp;&nbsp;&nbsp; $723659<br>| &nbsp;&nbsp;&nbsp;&nbsp; $297131<br>| &nbsp;&nbsp;&nbsp;&nbsp; $190142<br>| &nbsp;&nbsp;&nbsp;&nbsp; $70943<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is December 18, 2020, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Deep Buffer ETF - December (DDEC)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $39.22 | &nbsp;&nbsp;&nbsp;&nbsp; $34.23 | &nbsp;&nbsp;&nbsp;&nbsp; $30.40 | &nbsp;&nbsp;&nbsp;&nbsp; $32.19 | &nbsp;&nbsp;&nbsp;&nbsp; $30.27 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.33) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.30) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.26) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.26) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.18) <br>|
| Net realized and unrealized gain (loss) | 4.07<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.29<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.09<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.53) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.10<br>|
| Total from investment operations | 3.74<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.99<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.83<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.79) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.92<br>|
| Net asset value, end of period | $42.96<br>| &nbsp;&nbsp;&nbsp;&nbsp; $39.22<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.23<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.40<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.19<br>|
| **Total return** (c) | 9.54<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.58<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 12.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (5.56)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.34<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $343706<br>| &nbsp;&nbsp;&nbsp;&nbsp; $322617<br>| &nbsp;&nbsp;&nbsp;&nbsp; $278983<br>| &nbsp;&nbsp;&nbsp;&nbsp; $251592<br>| &nbsp;&nbsp;&nbsp;&nbsp; $59546<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is December 18, 2020, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest Buffered Allocation Defensive ETF (BUFT)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Year** <br>**Ended**  | **Year** <br>**Ended**  | **Year** <br>**Ended**  | **Period** <br>**Ended** <br>**8/31/2022 (a)** |
|  | **8/31/2025** | **8/31/2024** | **8/31/2023** | **Period** <br>**Ended** <br>**8/31/2022 (a)** |
| Net asset value, beginning of period | $22.05 | &nbsp;&nbsp;&nbsp;&nbsp; $20.09 | &nbsp;&nbsp;&nbsp;&nbsp; $18.66 | &nbsp;&nbsp;&nbsp;&nbsp; $20.01 |
| **Income from investment operations:** |  |  |  |  |
| Net investment income (loss)  | (0.04) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.04) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.04) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.02) <br>|
| Net realized and unrealized gain (loss) | 1.97<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.47<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.33) <br>|
| Total from investment operations | 1.93<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.96<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.43<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.35) <br>|
| Net asset value, end of period | $23.98<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.05<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.09<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.66<br>|
| **Total return** (c) | 8.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.76<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.66<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (6.75)% <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |
| Net assets, end of period (in 000's) | $127093<br>| &nbsp;&nbsp;&nbsp;&nbsp; $113550<br>| &nbsp;&nbsp;&nbsp;&nbsp; $95430<br>| &nbsp;&nbsp;&nbsp;&nbsp; $154840<br>|
| Ratio of total expenses to average net assets (d) | 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % (e)<br>|
| Ratio of net investment income (loss) to average net assets (d) | (0.20)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20)% (e)<br>|
| Portfolio turnover rate (f) | 293<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 361<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 372<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 445<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is October 26, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest Buffered Allocation Growth ETF (BUFG)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Year** <br>**Ended**  | **Year** <br>**Ended**  | **Year** <br>**Ended**  | **Period** <br>**Ended** <br>**8/31/2022 (a)** |
|  | **8/31/2025** | **8/31/2024** | **8/31/2023** | **Period** <br>**Ended** <br>**8/31/2022 (a)** |
| Net asset value, beginning of period | $23.80 | &nbsp;&nbsp;&nbsp;&nbsp; $20.39 | &nbsp;&nbsp;&nbsp;&nbsp; $18.16 | &nbsp;&nbsp;&nbsp;&nbsp; $20.01 |
| **Income from investment operations:** |  |  |  |  |
| Net investment income (loss)  | (0.05) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.04) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.04) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.02) <br>|
| Net realized and unrealized gain (loss) | 2.62<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.45<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.27<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.83) <br>|
| Total from investment operations | 2.57<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.41<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.23<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.85) <br>|
| Net asset value, end of period | $26.37<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.80<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.39<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.16<br>|
| **Total return** (c) | 10.80<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16.72<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 12.28<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (9.25)% <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |
| Net assets, end of period (in 000's) | $280866<br>| &nbsp;&nbsp;&nbsp;&nbsp; $237981<br>| &nbsp;&nbsp;&nbsp;&nbsp; $164148<br>| &nbsp;&nbsp;&nbsp;&nbsp; $163418<br>|
| Ratio of total expenses to average net assets (d) | 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % (e)<br>|
| Ratio of net investment income (loss) to average net assets (d) | (0.20)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.19)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20)% (e)<br>|
| Portfolio turnover rate (f) | 190<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 347<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 475<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 411<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is October 26, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**Notes to Financial Statements**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization**

First Trust Exchange-Traded Fund VIII (the "Trust") is an open-end management investment company organized as a Massachusetts business trust on February 22, 2016, 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 twenty-six funds (each a "Fund" and collectively, the "Funds"), each a non-diversified series of the Trust except for BUFT and BUFG, which are each a diversified series of the Trust. The shares of each Fund are listed and traded on the Cboe BZX Exchange, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| FT Vest U.S. Equity Buffer ETF - January – (ticker "FJAN") |
| FT Vest U.S. Equity Deep Buffer ETF - January – (ticker "DJAN") |
| FT Vest U.S. Equity Buffer ETF - February – (ticker "FFEB") |
| FT Vest U.S. Equity Deep Buffer ETF - February – (ticker "DFEB") |
| FT Vest U.S. Equity Buffer ETF - March – (ticker "FMAR") |
| FT Vest U.S. Equity Deep Buffer ETF - March – (ticker "DMAR") |
| FT Vest U.S. Equity Buffer ETF - April – (ticker "FAPR") |
| FT Vest U.S. Equity Deep Buffer ETF - April – (ticker "DAPR") |
| FT Vest U.S. Equity Buffer ETF - May – (ticker "FMAY") |
| FT Vest U.S. Equity Deep Buffer ETF - May – (ticker "DMAY") |
| FT Vest U.S. Equity Buffer ETF - June – (ticker "FJUN") |
| FT Vest U.S. Equity Deep Buffer ETF - June – (ticker "DJUN") |
| FT Vest U.S. Equity Buffer ETF - July – (ticker "FJUL") |
| FT Vest U.S. Equity Deep Buffer ETF - July – (ticker "DJUL") |
| FT Vest U.S. Equity Buffer ETF - August – (ticker "FAUG") |
| FT Vest U.S. Equity Deep Buffer ETF - August – (ticker "DAUG") |
| FT Vest U.S. Equity Buffer ETF - September – (ticker "FSEP") |
| FT Vest U.S. Equity Deep Buffer ETF - September – (ticker "DSEP") |
| FT Vest U.S. Equity Buffer ETF - October – (ticker "FOCT") |
| FT Vest U.S. Equity Deep Buffer ETF - October – (ticker "DOCT") |
| FT Vest U.S. Equity Buffer ETF - November – (ticker "FNOV") |
| FT Vest U.S. Equity Deep Buffer ETF - November – (ticker "DNOV") |
| FT Vest U.S. Equity Buffer ETF - December – (ticker "FDEC") |
| FT Vest U.S. Equity Deep Buffer ETF - December – (ticker "DDEC") |
| FT Vest Buffered Allocation Defensive ETF – (ticker "BUFT") |
| FT Vest Buffered Allocation Growth ETF – (ticker "BUFG") |

---

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."

Each Fund is an actively managed exchange-traded fund ("ETF").

The investment objective of FJAN is to seek to provide investors with returns (before fees and expenses) that match the price return of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust (the "Underlying ETF"), up to a predetermined upside cap of 14.16% while providing a buffer (before fees and expenses) against the first 10% of Underlying ETF losses, over the period (an "Outcome Period") from January 21, 2025 through January 16, 2026. Prior to January 21, 2025, the Fund's investment objective included an upside cap of 15.70% and an Outcome Period of January 22, 2024 through January 17, 2025.

The investment objective of DJAN is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 12.11% while providing a buffer (before fees and expenses) against Underlying ETF losses between -5% and -30% over the period from January 21, 2025 through January 16, 2026. Prior to January 21, 2025, the Fund's investment objective included an upside cap of 13.94% and an Outcome Period of January 22, 2024 through January 17, 2025.

The investment objective of FFEB is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 14.50% while providing a buffer (before fees and expenses) against the first

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

10% of Underlying ETF losses, over the period from February 24, 2025 through February 20, 2026. Prior to February 24, 2025, the Fund's investment objective included an upside cap of 16.82% and an Outcome Period of February 20, 2024 through February 21, 2025.

The investment objective of DFEB is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 12.31% while providing a buffer (before fees and expenses) against Underlying ETF losses between -5% and -30% over the period from February 24, 2025 through February 20, 2026. Prior to February 24, 2025, the Fund's investment objective included an upside cap of 15.05% and an Outcome Period of February 20, 2024 through February 21, 2025.

The investment objective of FMAR is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 14.79% while providing a buffer (before fees and expenses) against the first 10% of Underlying ETF losses, over the period from March 24, 2025 through March 20, 2026. Prior to March 24, 2025, the Fund's investment objective included an upside cap of 17.13% and an Outcome Period of March 18, 2024 through March 21, 2025.

The investment objective of DMAR is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 12.72% while providing a buffer (before fees and expenses) against Underlying ETF losses between -5% and -30% over the period from March 24, 2025 through March 20, 2026. Prior to March 24, 2025, the Fund's investment objective included an upside cap of 15.41% and an Outcome Period of March 18, 2024 through March 21, 2025.

The investment objective of FAPR is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 18.14% while providing a buffer (before fees and expenses) against the first 10% of Underlying ETF losses, over the period from April 21, 2025 through April 17, 2026. Prior to April 21, 2025, the Fund's investment objective included an upside cap of 17.73% and an Outcome Period of April 22, 2024 through April 17, 2025.

The investment objective of DAPR is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 14.16% while providing a buffer (before fees and expenses) against Underlying ETF losses between -5% and -30% over the period from April 21, 2025 through April 17, 2026. Prior to April 21, 2025, the Fund's investment objective included an upside cap of 15.51% and an Outcome Period of April 22, 2024 through April 17, 2025.

The investment objective of FMAY is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 14.95% while providing a buffer (before fees and expenses) against the first 10% of Underlying ETF losses, over the period from May 19, 2025 through May 15, 2026. Prior to May 19, 2025, the Fund's investment objective included an upside cap of 15.92% and an Outcome Period of May 20, 2024 through May 16, 2025.

The investment objective of DMAY is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 12.30% while providing a buffer (before fees and expenses) against Underlying ETF losses between -5% and -30% over the period from May 19, 2025 through May 15, 2026. Prior to May 19, 2025, the Fund's investment objective included an upside cap of 15.42% and an Outcome Period of May 20, 2024 through May 16, 2025.

The investment objective of FJUN is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 15.14% while providing a buffer (before fees and expenses) against the first 10% of Underlying ETF losses, over the period from June 23, 2025 through June 18, 2026. Prior to June 23, 2025, the Fund's investment objective included an upside cap of 15.93% and an Outcome Period of June 24, 2024 through June 20, 2025.

The investment objective of DJUN is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 12.08% while providing a buffer (before fees and expenses) against Underlying ETF losses between -5% and -30% over the period from June 23, 2025 through June 18, 2026. Prior to June 23, 2025, the Fund's investment objective included an upside cap of 14.63% and an Outcome Period of June 24, 2024 through June 20, 2025.

The investment objective of FJUL is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 14.55% while providing a buffer (before fees and expenses) against the first 10% of Underlying ETF losses, over the period from July 21, 2025 through July 17, 2026. Prior to July 21, 2025, the Fund's investment objective included an upside cap of 15.69% and an Outcome Period of July 22, 2024 through July 18, 2025.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

The investment objective of DJUL is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 11.97% while providing a buffer (before fees and expenses) against Underlying ETF losses between -5% and -30% over the period from July 21, 2025 through July 17, 2026. Prior to July 21, 2025, the Fund's investment objective included an upside cap of 14.03% and an Outcome Period of July 22, 2024 through July 18, 2025.

The investment objective of FAUG is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 14.29% while providing a buffer (before fees and expenses) against the first 10% of Underlying ETF losses, over the period from August 18, 2025 through August 21, 2026. Prior to August 18, 2025, the Fund's investment objective included an upside cap of 14.55% and an Outcome Period of August 19, 2024 through August 15, 2025.

The investment objective of DAUG is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 11.98% while providing a buffer (before fees and expenses) against Underlying ETF losses between -5% and -30% over the period from August 18, 2025 through August 21, 2026. Prior to August 18, 2025, the Fund's investment objective included an upside cap of 12.70% and an Outcome Period of August 19, 2024 through August 15, 2025.

The investment objective of FSEP is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 13.70% while providing a buffer (before fees and expenses) against the first 10% of Underlying ETF losses, over the period from September 23, 2024 through September 19, 2025. Prior to September 23, 2024, the Fund's investment objective included an upside cap of 18.20% and an Outcome Period of September 18, 2023 through September 20, 2024.

The investment objective of DSEP is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 11.48% while providing a buffer (before fees and expenses) against Underlying ETF losses between -5% and -30% over the period from September 23, 2024 through September 19, 2025. Prior to September 23, 2024, the Fund's investment objective included an upside cap of 15.30% and an Outcome Period of September 18, 2023 through September 20, 2024.

The investment objective of FOCT is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 14.09% while providing a buffer (before fees and expenses) against the first 10% of Underlying ETF losses, over the period from October 21, 2024 through October 17, 2025. Prior to October 21, 2024, the Fund's investment objective included an upside cap of 18.85% and an Outcome Period of October 23, 2023 through October 18, 2024.

The investment objective of DOCT is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 11.95% while providing a buffer (before fees and expenses) against Underlying ETF losses between -5% and -30% over the period from October 21, 2024 through October 17, 2025. Prior to October 21, 2024, the Fund's investment objective included an upside cap of 15.38% and an Outcome Period of October 23, 2023 through October 18, 2024.

The investment objective of FNOV is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 14.46% while providing a buffer (before fees and expenses) against the first 10% of Underlying ETF losses, over the period from November 18, 2024 through November 21, 2025. Prior to November 18, 2024, the Fund's investment objective included an upside cap of 17.45% and an Outcome Period of November 20, 2023 through November 15, 2024.

The investment objective of DNOV is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 12.46% while providing a buffer (before fees and expenses) against Underlying ETF losses between -5% and -30% over the period from November 18, 2024 through November 21, 2025. Prior to November 18, 2024, the Fund's investment objective included an upside cap of 15.06% and an Outcome Period of November 20, 2023 through November 15, 2024.

The investment objective of FDEC is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 14.76% while providing a buffer (before fees and expenses) against the first 10% of Underlying ETF losses, over the period from December 23, 2024 through December 19, 2025. Prior to December 23, 2024, the Fund's investment objective included an upside cap of 16.65% and an Outcome Period of December 18, 2023 through December 20, 2024.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

The investment objective of DDEC is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying ETF, up to a predetermined upside cap of 12.41% while providing a buffer (before fees and expenses) against Underlying ETF losses between -5% and -30% over the period from December 23, 2024 through December 19, 2025. Prior to December 23, 2024, the Fund's investment objective included an upside cap of 14.35% and an Outcome Period of December 18, 2023 through December 20, 2024.

Under normal market conditions, each Fund, except BUFT and BUFG, will invest substantially all of its assets in FLexible EXchange<sup>®</sup> Options ("FLEX Options") that reference the price performance of the Underlying ETF.

The investment objective of BUFT is to seek to provide investors with capital preservation. BUFT seeks to achieve its investment objective by investing in a portfolio of ETFs that seek to provide investors with returns (before fees and expenses) based on the price return of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust ("SPY"), up to a predetermined cap, while providing a defined buffer against losses of SPY over a defined one-year period ("SPY Underlying ETFs"). Under normal market conditions, BUFT will invest substantially all of its assets in SPY Underlying ETFs. Unlike the SPY Underlying ETFs, BUFT itself does not pursue a target outcome strategy. The buffer is only provided by the SPY Underlying ETFs and BUFT itself does not provide any stated buffer against losses. In order to understand BUFT's strategy and risks, it is important to understand the strategies and risks of the SPY Underlying ETFs.

The investment objective of BUFG is to seek to provide investors with capital appreciation. BUFG seeks to achieve its investment objective by investing in a portfolio of ETFs that seek to provide investors with returns (before fees and expenses) based on the price return of the SPY, up to a predetermined cap, while providing a defined buffer against losses of SPY over a defined one-year period. Under normal market conditions, BUFG will invest substantially all of its assets in SPY Underlying ETFs. Unlike the SPY Underlying ETFs, BUFG itself does not pursue a target outcome strategy. The buffer is only provided by the SPY Underlying ETFs and BUFG itself does not provide any stated buffer against losses. In order to understand BUFG's strategy and risks, it is important to understand the strategies and risks of the SPY Underlying ETFs.

**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. 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:

Exchange-traded options contracts (other than FLEX Option contracts) are valued at the closing price in the market where such contracts are principally traded. If no closing price is available, exchange-traded options contracts are valued at the mean of their most recent bid and ask price, if both are available. Over-the-counter options contracts are valued as follows, depending on the market in which the instrument trades: (1) the mean of their most recent bid and ask price, if available; or (2) a price based on the equivalent exchange-traded option. FLEX Option contracts are normally valued using a model-based price provided by a

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

third-party pricing vendor. On days when a trade in a FLEX Option contract occurs within 15 minutes before or after the close of the respective exchange, the trade price will be used to value such FLEX Option contracts in lieu of the model price.

ETFs and other equity securities listed on any national or foreign exchange (excluding Nasdaq, Inc. ("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.

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 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.

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

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 August 31, 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. Negative dividend amount, if any, represents charges by broker on excess cash held in the account.

**C. FLEX Options**

FLEX Options are customized equity or index option contracts that trade on an exchange, but provide investors with the ability to customize key contract terms like exercise prices, styles and expiration dates. FLEX Options are guaranteed for settlement by the Options Clearing Corporation.

Each Fund, with the exception of BUFT and BUFG, purchases and sells call and put FLEX Options based on the performance of the Underlying ETF. The FLEX Options that each Fund holds that reference the Underlying ETF will give each Fund the right to receive or deliver shares of the Underlying ETF on the option expiration date at a strike price, depending on whether the option is a put or call option and whether each Fund purchases or sells the option. The FLEX Options held by each Fund are European style options, which are exercisable at the strike price only on the FLEX Option expiration date. All options held by each Fund at August 31, 2025 are FLEX Options.

**D. Affiliated Transactions**

BUFT and BUFG 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 BUFT at August 31, 2025, and for the fiscal year then ended are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Shares at <br>8/31/2025<br>| Value at <br>8/31/2024<br>| Purchases | Sales | Change in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Realized <br>Gain <br>(Loss)<br>| Value at <br>8/31/2025<br>| Dividend <br>Income<br>|
| FT Vest U.S. Equity <br> Enhance & Moderate <br> Buffer ETF - January<br>|  | $— | $36299302 | $(36543090)<br>| $— | $243788 | $— | $— |
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> January<br>|  |  | 27974636 | (28259268)<br>|  | 284632 |  |  |
| FT Vest U.S. Equity <br> Enhance & Moderate <br> Buffer ETF - February<br>|  |  | 28390061 | (28643330)<br>|  | 253269 |  |  |
| FT Vest U.S. Equity <br> Deep Buffer ETF - <br> March<br>|  |  | 25931497 | (26441773)<br>|  | 510276 |  |  |
| FT Vest U.S. Equity <br> Enhance & Moderate <br> Buffer ETF - March<br>| 469618 |  | 37478887 | (20437637)<br>| 1136604 | 87045 | 18264899 |  |
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> March<br>| 385345 |  | 30049825 | (15468731)<br>| 717823 | 6987 | 15305904 |  |
| FT Vest U.S. Equity <br> Deep Buffer ETF - <br> April<br>| 496672 |  | 36328530 | (17682348)<br>| 376135 | 7472 | 19029789 |  |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Shares at<br> 8/31/2025<br>| Value at<br> 8/31/2024<br>| Purchases | Sales | Change in<br> Unrealized<br> Appreciation<br> (Depreciation)<br>| Realized<br> Gain<br> (Loss)<br>| Value at<br> 8/31/2025<br>| Dividend<br> Income<br>|
| FT Vest U.S. Equity <br> Enhance & Moderate <br> Buffer ETF - April<br>| 617912 | $— | $54706526 | $(33646821)<br>| $381372 | $549237 | $21990314 | $— |
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> April<br>| 459803 |  | 38798087 | (21304690)<br>| 368617 | 42623 | 17904637 |  |
| FT Vest U.S. Equity <br> Enhance & Moderate <br> Buffer ETF - May<br>|  |  | 17529619 | (17514451)<br>|  | (15168)<br>|  |  |
| FT Vest U.S. Equity <br> Enhance & Moderate <br> Buffer ETF - June<br>|  |  | 28888178 | (29648992)<br>|  | 760814 |  |  |
| FT Vest U.S. Equity <br> Enhance & Moderate <br> Buffer ETF - July<br>|  |  | 27914499 | (28573184)<br>|  | 658685 |  |  |
| FT Vest U.S. Equity <br> Enhance & Moderate <br> Buffer ETF - August<br>|  |  | 29622839 | (30204206)<br>|  | 581367 |  |  |
| FT Vest U.S. Equity <br> Enhance & Moderate <br> Buffer ETF - <br> September<br>| 470806 | 17537638 | 46993357 | (46071517)<br>| 850249 | 173920 | 19483647 |  |
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> September<br>|  | 14287329 | 14405889 | (28722050)<br>| (152564)<br>| 181396 |  |  |
| FT Vest U.S. Equity <br> Buffer ETF - October<br>|  | 14312821 | 14364719 | (28711553)<br>| (637942)<br>| 671955 |  |  |
| FT Vest U.S. Equity <br> Deep Buffer ETF - <br> October<br>|  | 16310709 | 16373194 | (32716887)<br>| (1562376)<br>| 1595360 |  |  |
| FT Vest U.S. Equity <br> Enhance & Moderate <br> Buffer ETF - October<br>| 413883 | 19564109 | 34355375 | (39220132)<br>| 226852 | 188803 | 15115007 |  |
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> October<br>|  | 16420684 | 16477843 | (32926627)<br>| (488339)<br>| 516439 |  |  |
| FT Vest U.S. Equity <br> Enhance & Moderate <br> Buffer ETF - <br> November<br>|  | 14838425 | 14900961 | (29765543)<br>| (156088)<br>| 182245 |  |  |
| FT Vest U.S. Equity <br> Deep Buffer ETF - <br> December<br>|  |  | 31014299 | (31430455)<br>|  | 416156 |  |  |
| FT Vest U.S. Equity <br> Enhance & Moderate <br> Buffer ETF - <br> December<br>|  |  | 42279841 | (42722961)<br>|  | 443120 |  |  |
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> December<br>|  |  | 33746470 | (34190522)<br>|  | 444052 |  |  |
|  |  | $113271715 | $684824434 | $(680846768)<br>| $1060343 | $8784473 | $127094197 | $— |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

Amounts relating to investments in affiliated funds in BUFG at August 31, 2025, and for the fiscal year then ended are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Shares at <br>8/31/2025<br>| Value at <br>8/31/2024<br>| Purchases | Sales | Change in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Realized <br>Gain <br>(Loss)<br>| Value at <br>8/31/2025<br>| Dividend <br>Income<br>|
| FT Vest U.S. Equity <br> Buffer ETF - January<br>| 811589 | $— | $59114498 | $(22605991)<br>| $3293873 | $79103 | $39881483 | $— |
| FT Vest U.S. Equity <br> Buffer ETF - <br> February<br>| 747362 | 33676225 | 91906740 | (89850797)<br>| 822525 | 3772512 | 40327205 |  |
| FT Vest US Equity <br> Buffer ETF - March<br>|  | 35634017 | 34196596 | (71347539)<br>| (2179966)<br>| 3696892 |  |  |
| FT Vest US Equity <br> Buffer ETF - April<br>|  | 32465450 | 14880623 | (47550974)<br>| (740416)<br>| 945317 |  |  |
| FT Vest U.S. Equity <br> Buffer ETF - May<br>| 770180 | 36315281 | 73613684 | (73309672)<br>| 559357 | 2431707 | 39610357 |  |
| FT Vest US Equity <br> Deep Buffer ETF - <br> May<br>|  | 30796863 | 14152411 | (45212070)<br>| (720962)<br>| 983758 |  |  |
| FT Vest US Equity <br> Buffer ETF - June<br>|  | 37534913 | 61896802 | (101810248)<br>| (1924983)<br>| 4303516 |  |  |
| FT Vest U.S. Equity <br> Deep Buffer ETF - <br> June<br>|  |  | 61827582 | (63600769)<br>|  | 1773187 |  |  |
| FT Vest US Equity <br> Moderate Buffer ETF <br> - June<br>|  | 30842140 | 14164628 | (45229643)<br>| (734131)<br>| 957006 |  |  |
| FT Vest US Equity <br> Buffer ETF - July<br>|  |  | 79773290 | (81972038)<br>|  | 2198748 |  |  |
| FT Vest US Equity <br> Buffer ETF - August<br>|  |  | 77861234 | (80002117)<br>|  | 2140883 |  |  |
| FT Vest U.S. Equity <br> Buffer ETF - <br> September<br>| 811123 |  | 94925523 | (56664095)<br>| 1769720 | 226428 | 40257576 |  |
| FT Vest U.S. Equity <br> Buffer ETF - October<br>| 865420 |  | 78735852 | (39237629)<br>| 1776073 | (1265929)<br>| 40008367 |  |
| FT Vest U.S. Equity <br> Buffer ETF - <br> November<br>| 776770 |  | 79343700 | (39553485)<br>| 1629338 | (1217977)<br>| 40201576 |  |
| FT Vest U.S. Equity <br> Buffer ETF - <br> December<br>| 840406 |  | 64062008 | (25852991)<br>| 2322397 | (53259)<br>| 40478155 |  |
|  |  | $237264889 | $900455171 | $(883800058)<br>| $5872825 | $20971892 | $280764719 | $— |

---

**E. Dividends and Distributions to Shareholders**

Dividends from net investment income of each Fund, if any, are declared and paid annually, with the exception of BUFT and BUFG which 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 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.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

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. During their applicable taxable periods, none of the Funds paid a distribution in 2025 or 2024.

As of the applicable taxable year end, the components of distributable earnings on a tax basis for each Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Taxable <br>Year-End<br>| Undistributed <br>Ordinary <br>Income<br>| Accumulated <br>Capital and <br>Other <br>Gain (Loss)<br>| Net <br>Unrealized <br>Appreciation <br>(Depreciation)<br>|
| FT Vest U.S. Equity Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; $(579480)<br>| &nbsp;&nbsp; $(101695030)<br>| &nbsp;&nbsp; $4293628 |
| FT Vest U.S. Equity Deep Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; (161314)<br>| &nbsp;&nbsp; (22019260)<br>| &nbsp;&nbsp; 1038997 |
| FT Vest U.S. Equity Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; (1154487)<br>| &nbsp;&nbsp; (108020543)<br>| &nbsp;&nbsp; (3791114)<br>|
| FT Vest U.S. Equity Deep Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; (354382)<br>| &nbsp;&nbsp; (32064446)<br>| &nbsp;&nbsp; (1058499)<br>|
| FT Vest U.S. Equity Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; (1660311)<br>| &nbsp;&nbsp; (57453424)<br>| &nbsp;&nbsp; (4040476)<br>|
| FT Vest U.S. Equity Deep Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; (532981)<br>| &nbsp;&nbsp; (22234982)<br>| &nbsp;&nbsp; (1250915)<br>|
| FT Vest U.S. Equity Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; (2006964)<br>| &nbsp;&nbsp; (94397801)<br>| &nbsp;&nbsp; 23176628 |
| FT Vest U.S. Equity Deep Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; (671322)<br>| &nbsp;&nbsp; (28262361)<br>| &nbsp;&nbsp; 5129342 |
| FT Vest U.S. Equity Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; (2925485)<br>| &nbsp;&nbsp; (100294671)<br>| &nbsp;&nbsp; (3976432)<br>|
| FT Vest U.S. Equity Deep Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; (830019)<br>| &nbsp;&nbsp; (18311774)<br>| &nbsp;&nbsp; (805521)<br>|
| FT Vest U.S. Equity Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; (3851675)<br>| &nbsp;&nbsp; (112009255)<br>| &nbsp;&nbsp; 21218682 |
| FT Vest U.S. Equity Deep Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; (1132468)<br>| &nbsp;&nbsp; (30609044)<br>| &nbsp;&nbsp; 4283843 |
| FT Vest U.S. Equity Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; (4620608)<br>| &nbsp;&nbsp; (113259370)<br>| &nbsp;&nbsp; 4568320 |
| FT Vest U.S. Equity Deep Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; (1652704)<br>| &nbsp;&nbsp; (28548488)<br>| &nbsp;&nbsp; 1409939 |
| FT Vest U.S. Equity Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; (4933921)<br>| &nbsp;&nbsp; (100809035)<br>| &nbsp;&nbsp; 2657529 |
| FT Vest U.S. Equity Deep Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; (1674301)<br>| &nbsp;&nbsp; (32517676)<br>| &nbsp;&nbsp; 910598 |
| FT Vest U.S. Equity Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; (3257836)<br>| &nbsp;&nbsp; (74437304)<br>| &nbsp;&nbsp; 4618622 |
| FT Vest U.S. Equity Deep Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; (1119925)<br>| &nbsp;&nbsp; (21869236)<br>| &nbsp;&nbsp; 1206734 |
| FT Vest U.S. Equity Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; (3780163)<br>| &nbsp;&nbsp; (73770735)<br>| &nbsp;&nbsp; (11062329)<br>|
| FT Vest U.S. Equity Deep Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; (1291028)<br>| &nbsp;&nbsp; (21106700)<br>| &nbsp;&nbsp; (3474107)<br>|
| FT Vest U.S. Equity Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; (4925485)<br>| &nbsp;&nbsp; (96501499)<br>| &nbsp;&nbsp; 14590419 |
| FT Vest U.S. Equity Deep Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; (1939620)<br>| &nbsp;&nbsp; (29220253)<br>| &nbsp;&nbsp; 4276734 |
| FT Vest U.S. Equity Buffer ETF - December | 31-Dec-24 | &nbsp;&nbsp; — | &nbsp;&nbsp; (104301994)<br>| &nbsp;&nbsp; (4996967)<br>|
| FT Vest U.S. Equity Deep Buffer ETF - December | 31-Dec-24 | &nbsp;&nbsp; — | &nbsp;&nbsp; (30430724)<br>| &nbsp;&nbsp; (1203343)<br>|
| FT Vest Buffered Allocation Defensive ETF | 31-Aug-25 | &nbsp;&nbsp; (161678)<br>| &nbsp;&nbsp; (4827787)<br>| &nbsp;&nbsp; 4387327 |
| FT Vest Buffered Allocation Growth ETF | 31-Aug-25 | &nbsp;&nbsp; (342011)<br>| &nbsp;&nbsp; (14196175)<br>| &nbsp;&nbsp; 15472358 |

---

**F. Income 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.

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 FJAN, DJAN, FFEB, DFEB, FMAR, DMAR, FAPR, DAPR, FMAY, DMAY, FJUN, DJUN, FJUL, DJUL, FAUG, DAUG, BUFT and BUFG the taxable years ended 2022, 2023, 2024, and 2025 remain open to federal and state audit. For FSEP, DSEP, FOCT, DOCT, FNOV, DNOV, FDEC, and DDEC, the taxable years ended 2021, 2022, 2023, and 2024 remain open to federal and state audit. As of August 31, 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

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

when there has been a 50% change in ownership. At each Fund's applicable taxable year end, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Taxable <br>Year End<br>| Non-Expiring <br>Capital Loss <br>Carryforwards<br>|
| FT Vest U.S. Equity Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; $101695030 |
| FT Vest U.S. Equity Deep Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; 22019260 |
| FT Vest U.S. Equity Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; 108020543 |
| FT Vest U.S. Equity Deep Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; 32064446 |
| FT Vest U.S. Equity Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; 57453424 |
| FT Vest U.S. Equity Deep Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; 22234982 |
| FT Vest U.S. Equity Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; 94397801 |
| FT Vest U.S. Equity Deep Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; 28262361 |
| FT Vest U.S. Equity Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; 100294671 |
| FT Vest U.S. Equity Deep Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; 18311774 |
| FT Vest U.S. Equity Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; 112009255 |
| FT Vest U.S. Equity Deep Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; 30609044 |
| FT Vest U.S. Equity Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; 113259370 |
| FT Vest U.S. Equity Deep Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; 28548488 |
| FT Vest U.S. Equity Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; 100809035 |
| FT Vest U.S. Equity Deep Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; 32517676 |
| FT Vest U.S. Equity Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; 74437304 |
| FT Vest U.S. Equity Deep Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; 21869236 |
| FT Vest U.S. Equity Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; 73770735 |
| FT Vest U.S. Equity Deep Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; 21106700 |
| FT Vest U.S. Equity Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; 96501499 |
| FT Vest U.S. Equity Deep Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; 29220253 |
| FT Vest U.S. Equity Buffer ETF - December | 31-Dec-24 | &nbsp;&nbsp; 104301994 |
| FT Vest U.S. Equity Deep Buffer ETF - December | 31-Dec-24 | &nbsp;&nbsp; 30430724 |
| FT Vest Buffered Allocation Defensive ETF | 31-Aug-25 | &nbsp;&nbsp; 4827787 |
| FT Vest Buffered Allocation Growth ETF | 31-Aug-25 | &nbsp;&nbsp; 14196175 |

---

During the applicable taxable year end, the Funds listed below utilized non-expiring capital loss carryforwards in the following amounts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | Capital <br>Loss <br>Utilized<br>|
| FT Vest U.S. Equity Buffer ETF - March | $1048343 |
| FT Vest U.S. Equity Deep Buffer ETF - May | 751698 |
| FT Vest U.S. Equity Deep Buffer ETF - July | 9703023 |
| FT Vest U.S. Equity Deep Buffer ETF - October | 2395519 |
| FT Vest U.S. Equity Deep Buffer ETF - November | 756503 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

Certain losses realized during the current taxable year may be deferred and treated as occurring on the first day of the following taxable year for federal income tax purposes. At each Fund's applicable taxable year end, the following Funds incurred and elected to defer net late year ordinary or capital losses as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | Taxable <br>Year End | Qualified Late Year Losses | Qualified Late Year Losses |
|  | Taxable <br>Year End | Ordinary Losses | Capital Losses |
| FT Vest U.S. Equity Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; $579480 | &nbsp;&nbsp; $— |
| FT Vest U.S. Equity Deep Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; 161314 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; 1154487 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Deep Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; 354382 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; 1660311 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Deep Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; 532981 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; 2006964 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Deep Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; 671322 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; 2925485 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Deep Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; 830019 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; 3851675 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Deep Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; 1132468 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; 4620608 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Deep Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; 1652704 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; 4933921 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Deep Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; 1674301 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; 3257836 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Deep Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; 1119925 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; 3780163 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Deep Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; 1291028 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; 4925485 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Deep Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; 1939620 | &nbsp;&nbsp; — |
| FT Vest Buffered Allocation Defensive ETF | 31-Aug-25 | &nbsp;&nbsp; 161678 | &nbsp;&nbsp; — |
| FT Vest Buffered Allocation Growth ETF | 31-Aug-25 | &nbsp;&nbsp; 342011 | &nbsp;&nbsp; — |

---

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 each Fund's applicable taxable period, the adjustments were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Taxable <br>Year End<br>| Accumulated <br>Net Investment <br>Income (Loss)<br>| Accumulated <br>Net Realized <br>Gain (Loss) <br>on Investments<br>| Paid-In <br>Capital<br>|
| FT Vest U.S. Equity Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; $5870571 | &nbsp;&nbsp; $(163082222)<br>| &nbsp;&nbsp; $157211651 |
| FT Vest U.S. Equity Deep Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; 2030937 | &nbsp;&nbsp; (37822282)<br>| &nbsp;&nbsp; 35791345 |
| FT Vest U.S. Equity Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; 6511590 | &nbsp;&nbsp; (177414435)<br>| &nbsp;&nbsp; 170902845 |
| FT Vest U.S. Equity Deep Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; 2153194 | &nbsp;&nbsp; (48662641)<br>| &nbsp;&nbsp; 46509447 |
| FT Vest U.S. Equity Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; 6010786 | &nbsp;&nbsp; (89619196)<br>| &nbsp;&nbsp; 83608410 |
| FT Vest U.S. Equity Deep Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; 2320964 | &nbsp;&nbsp; (33230983)<br>| &nbsp;&nbsp; 30910019 |
| FT Vest U.S. Equity Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; 4848852 | &nbsp;&nbsp; (67612884)<br>| &nbsp;&nbsp; 62764032 |
| FT Vest U.S. Equity Deep Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; 1834001 | &nbsp;&nbsp; (17928463)<br>| &nbsp;&nbsp; 16094462 |
| FT Vest U.S. Equity Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; 5875386 | &nbsp;&nbsp; (120128700)<br>| &nbsp;&nbsp; 114253314 |
| FT Vest U.S. Equity Deep Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; 1940901 | &nbsp;&nbsp; (32803955)<br>| &nbsp;&nbsp; 30863054 |
| FT Vest U.S. Equity Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; 5986825 | &nbsp;&nbsp; (118371868)<br>| &nbsp;&nbsp; 112385043 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Taxable<br> Year End<br>| Accumulated<br> Net Investment<br> Income (Loss)<br>| Accumulated<br> Net Realized<br> Gain (Loss)<br> on Investments<br>| Paid-In<br> Capital<br>|
| FT Vest U.S. Equity Deep Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; $1755281 | &nbsp;&nbsp; $(33915087)<br>| &nbsp;&nbsp; $32159806 |
| FT Vest U.S. Equity Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; 6242681 | &nbsp;&nbsp; (154784425)<br>| &nbsp;&nbsp; 148541744 |
| FT Vest U.S. Equity Deep Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; 2857817 | &nbsp;&nbsp; (37393992)<br>| &nbsp;&nbsp; 34536175 |
| FT Vest U.S. Equity Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; 5668118 | &nbsp;&nbsp; (140149611)<br>| &nbsp;&nbsp; 134481493 |
| FT Vest U.S. Equity Deep Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; 2473971 | &nbsp;&nbsp; (43175716)<br>| &nbsp;&nbsp; 40701745 |
| FT Vest U.S. Equity Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; 2637772 | &nbsp;&nbsp; (124155859)<br>| &nbsp;&nbsp; 121518087 |
| FT Vest U.S. Equity Deep Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; 1490876 | &nbsp;&nbsp; (34813071)<br>| &nbsp;&nbsp; 33322195 |
| FT Vest U.S. Equity Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; 2516145 | &nbsp;&nbsp; (110854825)<br>| &nbsp;&nbsp; 108338680 |
| FT Vest U.S. Equity Deep Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; 1384617 | &nbsp;&nbsp; (25143021)<br>| &nbsp;&nbsp; 23758404 |
| FT Vest U.S. Equity Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; 3382600 | &nbsp;&nbsp; (127256236)<br>| &nbsp;&nbsp; 123873636 |
| FT Vest U.S. Equity Deep Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; 2187139 | &nbsp;&nbsp; (36359320)<br>| &nbsp;&nbsp; 34172181 |
| FT Vest U.S. Equity Buffer ETF - December | 31-Dec-24 | &nbsp;&nbsp; 6337572 | &nbsp;&nbsp; (178805775)<br>| &nbsp;&nbsp; 172468203 |
| FT Vest U.S. Equity Deep Buffer ETF - December | 31-Dec-24 | &nbsp;&nbsp; 2622056 | &nbsp;&nbsp; (46537938)<br>| &nbsp;&nbsp; 43915882 |
| FT Vest Buffered Allocation Defensive ETF | 31-Aug-25 | &nbsp;&nbsp; 214143 | &nbsp;&nbsp; (8795252)<br>| &nbsp;&nbsp; 8581109 |
| FT Vest Buffered Allocation Growth ETF | 31-Aug-25 | &nbsp;&nbsp; 431352 | &nbsp;&nbsp; (23623064)<br>| &nbsp;&nbsp; 23191712 |

---

As of August 31, 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Tax Cost | Gross <br> Unrealized <br>Appreciation<br>| Gross <br> Unrealized <br>(Depreciation)<br>| Net Unrealized <br>Appreciation <br>(Depreciation)<br>|
| FT Vest U.S. Equity Buffer ETF - January | $1046538508 | &nbsp;&nbsp; $105819806 | &nbsp;&nbsp; $(33968738)<br>| &nbsp;&nbsp; $71851068 |
| FT Vest U.S. Equity Deep Buffer ETF - January | 332301723 | &nbsp;&nbsp; 27740591 | &nbsp;&nbsp; (9365238)<br>| &nbsp;&nbsp; 18375353 |
| FT Vest U.S. Equity Buffer ETF - February | 1024811442 | &nbsp;&nbsp; 104154636 | &nbsp;&nbsp; (36712119)<br>| &nbsp;&nbsp; 67442517 |
| FT Vest U.S. Equity Deep Buffer ETF - February | 384059398 | &nbsp;&nbsp; 39930278 | &nbsp;&nbsp; (17041638)<br>| &nbsp;&nbsp; 22888640 |
| FT Vest U.S. Equity Buffer ETF - March | 814533147 | &nbsp;&nbsp; 133948342 | &nbsp;&nbsp; (69412033)<br>| &nbsp;&nbsp; 64536309 |
| FT Vest U.S. Equity Deep Buffer ETF - March | 335850466 | &nbsp;&nbsp; 55533141 | &nbsp;&nbsp; (32764063)<br>| &nbsp;&nbsp; 22769078 |
| FT Vest U.S. Equity Buffer ETF - April | 777405515 | &nbsp;&nbsp; 192539401 | &nbsp;&nbsp; (105492049)<br>| &nbsp;&nbsp; 87047352 |
| FT Vest U.S. Equity Deep Buffer ETF - April | 266346460 | &nbsp;&nbsp; 55090276 | &nbsp;&nbsp; (34817757)<br>| &nbsp;&nbsp; 20272519 |
| FT Vest U.S. Equity Buffer ETF - May | 979630795 | &nbsp;&nbsp; 101494342 | &nbsp;&nbsp; (45340971)<br>| &nbsp;&nbsp; 56153371 |
| FT Vest U.S. Equity Deep Buffer ETF - May | 276644408 | &nbsp;&nbsp; 29609511 | &nbsp;&nbsp; (16916504)<br>| &nbsp;&nbsp; 12693007 |
| FT Vest U.S. Equity Buffer ETF - June | 944968060 | &nbsp;&nbsp; 93269314 | &nbsp;&nbsp; (44528217)<br>| &nbsp;&nbsp; 48741097 |
| FT Vest U.S. Equity Deep Buffer ETF - June | 269420596 | &nbsp;&nbsp; 23036064 | &nbsp;&nbsp; (12984672)<br>| &nbsp;&nbsp; 10051392 |
| FT Vest U.S. Equity Buffer ETF - July | 1006472273 | &nbsp;&nbsp; 38288366 | &nbsp;&nbsp; (18007553)<br>| &nbsp;&nbsp; 20280813 |
| FT Vest U.S. Equity Deep Buffer ETF - July | 394801402 | &nbsp;&nbsp; 13048728 | &nbsp;&nbsp; (6241662)<br>| &nbsp;&nbsp; 6807066 |
| FT Vest U.S. Equity Buffer ETF - August | 963566311 | &nbsp;&nbsp; 10163125 | &nbsp;&nbsp; (7505596)<br>| &nbsp;&nbsp; 2657529 |
| FT Vest U.S. Equity Deep Buffer ETF - August | 331387625 | &nbsp;&nbsp; 2558198 | &nbsp;&nbsp; (1647600)<br>| &nbsp;&nbsp; 910598 |
| FT Vest U.S. Equity Buffer ETF - September | 852104282 | &nbsp;&nbsp; 130776432 | &nbsp;&nbsp; (39985792)<br>| &nbsp;&nbsp; 90790640 |
| FT Vest U.S. Equity Deep Buffer ETF - September | 240001205 | &nbsp;&nbsp; 34920885 | &nbsp;&nbsp; (11350689)<br>| &nbsp;&nbsp; 23570196 |
| FT Vest U.S. Equity Buffer ETF - October | 874207858 | &nbsp;&nbsp; 110452566 | &nbsp;&nbsp; (36327284)<br>| &nbsp;&nbsp; 74125282 |
| FT Vest U.S. Equity Deep Buffer ETF - October | 282831851 | &nbsp;&nbsp; 32163242 | &nbsp;&nbsp; (10757385)<br>| &nbsp;&nbsp; 21405857 |
| FT Vest U.S. Equity Buffer ETF - November | 913864134 | &nbsp;&nbsp; 107953241 | &nbsp;&nbsp; (34581284)<br>| &nbsp;&nbsp; 73371957 |
| FT Vest U.S. Equity Deep Buffer ETF - November | 300968516 | &nbsp;&nbsp; 33282001 | &nbsp;&nbsp; (9542153)<br>| &nbsp;&nbsp; 23739848 |
| FT Vest U.S. Equity Buffer ETF - December | 978707494 | &nbsp;&nbsp; 111899367 | &nbsp;&nbsp; (35929196)<br>| &nbsp;&nbsp; 75970171 |
| FT Vest U.S. Equity Deep Buffer ETF - December | 322234319 | &nbsp;&nbsp; 31971935 | &nbsp;&nbsp; (10261429)<br>| &nbsp;&nbsp; 21710506 |
| FT Vest Buffered Allocation Defensive ETF | 122726623 | &nbsp;&nbsp; 4387327 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4387327 |
| FT Vest Buffered Allocation Growth ETF | 265440510 | &nbsp;&nbsp; 15472569 | &nbsp;&nbsp; (211)<br>| &nbsp;&nbsp; 15472358 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**G. Expenses**

Expenses, other than the investment advisory fee and other excluded expenses, are paid by the Advisor (see Note 3).

**H. 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 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 paid an annual unitary management fee based on a percentage of each Fund's average daily net assets. In addition, BUFT and BUFG incur pro rata share of fees and expenses attributable to investments in other investment companies ("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. The annual unitary management fee payable by each Fund, with the exception of BUFT and BUFG, 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 schedule:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Breakpoints |  |
| Fund net assets up to and including $2.5 billion | 0.85000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.82875<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.80750<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.78625<br> %<br>|
| Fund net assets greater than $10 billion | 0.76500<br> %<br>|

---

For BUFT and BUFG, the annual unitary management fee payable by each Fund will be calculated pursuant to the following schedule:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Breakpoints |  |
| Fund net assets up to and including $2.5 billion | 0.200<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.195<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.190<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.185<br> %<br>|
| Fund net assets greater than $10 billion up to and including $15 billion | 0.180<br> %<br>|
| Fund net assets greater than $15 billion | 0.170<br> %<br>|

---

First Trust is responsible for each Fund's expenses, including the cost of transfer agency, sub-advisory, custody, fund administration, legal, audit and other services, but excluding fee payments under the Investment Management Agreement, interest, taxes, acquired fund fees and expenses, 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, and extraordinary expenses.

Vest Financial LLC ("Vest"), an affiliate of First Trust, serves as the Funds' sub-advisor and manages each Fund's portfolio subject to First Trust's supervision. Pursuant to the Investment Management Agreement, between the Trust, on behalf of the Funds, and the Advisor, and the Investment Sub-Advisory Agreement among the Trust, on behalf of the Funds (other than BUFT and BUFG), the Advisor and Vest, First Trust will supervise Vest and its management of the investment of each Fund's assets and will pay Vest for its services as the Funds' sub-advisor a sub-advisory fee equal to 50% of any remaining monthly unitary management fee paid to the

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

Advisor after the average Fund's expenses accrued during the most recent twelve months are subtracted from the unitary management fee for that month. Pursuant to the Investment Management Agreement, between the Trust, on behalf of the Funds, and the Advisor, and the Investment Sub-Advisory Agreement among the Trust, on behalf of BUFT and BUFG, the Advisor and Vest, First Trust will supervise Vest and its management of the investment of each Fund's assets and will pay Vest for its services as the Funds' sub-advisor a sub-advisory fee equal to 50% of the monthly unitary management fee paid to the Advisor, less Vest's 50% share of each of BUFT and BUFG's expenses for that month. During any period in which the Advisor's management fee is reduced in accordance with the breakpoints described above, the investment sub-advisory fee (which is based on the Advisor's management fee) paid to Vest will be reduced to reflect the reduction in the Advisor's management fee.

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 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.

**4. Purchases and Sales of Securities** 

For the fiscal year ended August 31, 2025, the Funds, except BUFT and BUFG, had no purchases or sales of investments, excluding short-term investments and in-kind transactions. Each Fund, except BUFT and BUFG, holds options for a target outcome period of approximately one year based on the expiration date of the options, which occurs on the third Friday of the month corresponding to the month in each Fund name. For securities transactions purposes, the options are considered short-term investments.

For the fiscal year ended August 31, 2025, the cost of purchases and proceeds from sales of investments for BUFT and BUFG, excluding short-term investments and in-kind transactions, were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| FT Vest Buffered Allocation Defensive ETF | $351400430 | &nbsp;&nbsp; $350842411 |
| FT Vest Buffered Allocation Growth ETF | 486019827 | &nbsp;&nbsp; 485477573 |

---

For the fiscal year ended August 31, 2025, the cost of in-kind purchases and proceeds from in-kind sales for each Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| FT Vest U.S. Equity Buffer ETF - January | $131703245 | &nbsp;&nbsp; $686085466 |
| FT Vest U.S. Equity Deep Buffer ETF - January | 192131405 | &nbsp;&nbsp; 196855994 |
| FT Vest U.S. Equity Buffer ETF - February | 69838487 | &nbsp;&nbsp; 865399957 |
| FT Vest U.S. Equity Deep Buffer ETF - February | 231123860 | &nbsp;&nbsp; 245349660 |
| FT Vest U.S. Equity Buffer ETF - March | 76286466 | &nbsp;&nbsp; 945693933 |
| FT Vest U.S. Equity Deep Buffer ETF - March | 239761224 | &nbsp;&nbsp; 282269927 |
| FT Vest U.S. Equity Buffer ETF - April | 57585946 | &nbsp;&nbsp; 485350097 |
| FT Vest U.S. Equity Deep Buffer ETF - April | 78134370 | &nbsp;&nbsp; 131624326 |
| FT Vest U.S. Equity Buffer ETF - May | 80556156 | &nbsp;&nbsp; 890702588 |
| FT Vest U.S. Equity Deep Buffer ETF - May | 5103849 | &nbsp;&nbsp; 291651706 |
| FT Vest U.S. Equity Buffer ETF - June | 74362558 | &nbsp;&nbsp; 1010420709 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| FT Vest U.S. Equity Deep Buffer ETF - June | $198689567 | &nbsp;&nbsp; $405289324 |
| FT Vest U.S. Equity Buffer ETF - July | 91330559 | &nbsp;&nbsp; 1129635069 |
| FT Vest U.S. Equity Deep Buffer ETF - July | 104753988 | &nbsp;&nbsp; 263678185 |
| FT Vest U.S. Equity Buffer ETF - August | 406839961 | &nbsp;&nbsp; 877553354 |
| FT Vest U.S. Equity Deep Buffer ETF - August | 2947737 | &nbsp;&nbsp; 295633758 |
| FT Vest U.S. Equity Buffer ETF - September | 97477629 | &nbsp;&nbsp; 579632157 |
| FT Vest U.S. Equity Deep Buffer ETF - September | 2994697 | &nbsp;&nbsp; 140227180 |
| FT Vest U.S. Equity Buffer ETF - October | 80538650 | &nbsp;&nbsp; 375187120 |
| FT Vest U.S. Equity Deep Buffer ETF - October | 30404051 | &nbsp;&nbsp; 160283831 |
| FT Vest U.S. Equity Buffer ETF - November | 77917331 | &nbsp;&nbsp; 506350972 |
| FT Vest U.S. Equity Deep Buffer ETF - November | 2014224 | &nbsp;&nbsp; 125793196 |
| FT Vest U.S. Equity Buffer ETF - December | 53916813 | &nbsp;&nbsp; 667823635 |
| FT Vest U.S. Equity Deep Buffer ETF - December | 8687136 | &nbsp;&nbsp; 236900201 |
| FT Vest Buffered Allocation Defensive ETF | 333424005 | &nbsp;&nbsp; 330004358 |
| FT Vest Buffered Allocation Growth ETF | 414435344 | &nbsp;&nbsp; 398322485 |

---

**5. Derivative Transactions** 

The following table presents the types of derivatives held by each Fund at August 31, 2025, the primary underlying risk exposure and the location of these instruments as presented on the Statements of Assets and Liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Asset Derivatives** | **Asset Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| **Derivative** <br>**Instrument**<br>| **Risk** <br>**Exposure**<br>| **Statements of Assets and** <br>**Liabilities Location**<br>| **Value** | **Statements of Assets and** <br>**Liabilities Location**<br>| **Value** |
| **FJAN** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; $1133467786 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; $22138206 |
| **DJAN** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 356394229 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 7930293 |
| **FFEB** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 1112224842 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 27695248 |
| **DFEB** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 415321617 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 11226203 |
| **FMAR** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 928242407 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 55708122 |
| **DMAR** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 381885178 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 25912809 |
| **FAPR** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 945145662 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 87505198 |
| **DAPR** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 321144662 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 36843159 |
| **FMAY** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 1073934413 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 47392983 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Asset Derivatives** | **Asset Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| **Derivative**<br> **Instrument**<br>| **Risk**<br> **Exposure**<br>| **Statements of Assets and**<br> **Liabilities Location**<br>| **Value** | **Statements of Assets and**<br> **Liabilities Location**<br>| **Value** |
| **DMAY** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; $301309175 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; $14529043 |
| **FJUN** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 1035542521 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 51461428 |
| **DJUN** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 292822458 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 16066278 |
| **FJUL** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 1057731430 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 41922407 |
| **DJUL** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 411092001 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 13706705 |
| **FAUG** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 996403779 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 41261026 |
| **DAUG** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 338547924 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 10023156 |
| **FSEP** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 949602177 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 9899795 |
| **DSEP** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 269172700 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 6486140 |
| **FOCT** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 950081438 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 5727733 |
| **DOCT** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 306718146 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 3764768 |
| **FNOV** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 995348976 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 12885192 |
| **DNOV** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 329258429 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 6105657 |
| **FDEC** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 1064688672 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 15922338 |
| **DDEC** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 348918794 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 6881042 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

The following table presents the amount of net realized gain (loss) and change in net unrealized appreciation (depreciation) recognized for the fiscal year ended August 31, 2025, on each Fund's derivative instruments, as well as the primary underlying risk exposure associated with the instruments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Statements of Operations** <br> **Location**<br>| **FJAN**  | **DJAN**  | **FFEB**  | **DFEB**  | **FMAR**  | **DMAR**  |
| **Equity Risk Exposure** |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |
| Purchased options <br> contracts<br>| $125534857 | &nbsp;&nbsp; $47506246 | &nbsp;&nbsp; $127677955 | &nbsp;&nbsp; $47266867 | &nbsp;&nbsp; $73629670 | &nbsp;&nbsp; $24401534 |
| Written options contracts | (31549542)<br>| &nbsp;&nbsp; (17177684)<br>| &nbsp;&nbsp; 941738 | &nbsp;&nbsp; (7139456)<br>| &nbsp;&nbsp; 23082729 | &nbsp;&nbsp; 3230813 |
| Net change in unrealized <br> appreciation <br>(depreciation) on:<br>|  |  |  |  |  |  |
| Purchased options <br> contracts<br>| (25513364)<br>| &nbsp;&nbsp; (12717285)<br>| &nbsp;&nbsp; (20646953)<br>| &nbsp;&nbsp; (544192)<br>| &nbsp;&nbsp; 30079875 | &nbsp;&nbsp; 15192301 |
| Written options contracts | 35991850 | &nbsp;&nbsp; 12583264 | &nbsp;&nbsp; 14982274 | &nbsp;&nbsp; 2584736 | &nbsp;&nbsp; (23871180)<br>| &nbsp;&nbsp; (10835206)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Statements of Operations** <br> **Location**<br>| **FAPR**  | **DAPR**  | **FMAY**  | **DMAY**  | **FJUN**  | **DJUN**  |
| **Equity Risk Exposure** |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |
| Purchased options <br> contracts<br>| $595882 | &nbsp;&nbsp; $8588977 | &nbsp;&nbsp; $66517866 | &nbsp;&nbsp; $29636336 | &nbsp;&nbsp; $43528612 | &nbsp;&nbsp; $22327650 |
| Written options contracts | 27984372 | &nbsp;&nbsp; 6669515 | &nbsp;&nbsp; 27855166 | &nbsp;&nbsp; 3555823 | &nbsp;&nbsp; 31413084 | &nbsp;&nbsp; 3937576 |
| Net change in unrealized <br> appreciation <br>(depreciation) on:<br>|  |  |  |  |  |  |
| Purchased options <br> contracts<br>| 67986999 | &nbsp;&nbsp; 18193142 | &nbsp;&nbsp; 24817903 | &nbsp;&nbsp; 2062700 | &nbsp;&nbsp; 37892991 | &nbsp;&nbsp; 9169574 |
| Written options contracts | (33034866)<br>| &nbsp;&nbsp; (15691259)<br>| &nbsp;&nbsp; (6435764)<br>| &nbsp;&nbsp; (3089279)<br>| &nbsp;&nbsp; (11364431)<br>| &nbsp;&nbsp; (5903430)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Statements of Operations** <br> **Location**<br>| **FJUL**  | **DJUL**  | **FAUG**  | **DAUG**  | **FSEP**  | **DSEP**  |
| **Equity Risk Exposure** |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |
| Purchased options <br> contracts<br>| $93175541 | &nbsp;&nbsp; $39800803 | &nbsp;&nbsp; $97273955 | &nbsp;&nbsp; $39620137 | &nbsp;&nbsp; $110615959 | &nbsp;&nbsp; $41450795 |
| Written options contracts | 34396044 | &nbsp;&nbsp; 7334282 | &nbsp;&nbsp; 20603077 | &nbsp;&nbsp; (2855531)<br>| &nbsp;&nbsp; (27795175)<br>| &nbsp;&nbsp; (16801535)<br>|
| Net change in unrealized <br> appreciation <br>(depreciation) on:<br>|  |  |  |  |  |  |
| Purchased options <br> contracts<br>| 2974849 | &nbsp;&nbsp; 538906 | &nbsp;&nbsp; (6104732)<br>| &nbsp;&nbsp; (3714300)<br>| &nbsp;&nbsp; (27225876)<br>| &nbsp;&nbsp; (11439168)<br>|
| Written options contracts | (1174471)<br>| &nbsp;&nbsp; (1819159)<br>| &nbsp;&nbsp; 3349 | &nbsp;&nbsp; 1866308 | &nbsp;&nbsp; 43985561 | &nbsp;&nbsp; 14027066 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Statements of Operations** <br> **Location**<br>| **FOCT**  | **DOCT**  | **FNOV**  | **DNOV**  | **FDEC**  | **DDEC**  |
| **Equity Risk Exposure** |  |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |  |
| Purchased options <br> contracts<br>| $150371703 | &nbsp;&nbsp; $63326751 | &nbsp;&nbsp; $142439431 | &nbsp;&nbsp; $57720667 | &nbsp;&nbsp; $114101893 | &nbsp;&nbsp; $67778223 |
| Written options contracts | (75827043)<br>| &nbsp;&nbsp; (32063414)<br>| &nbsp;&nbsp; (48173324)<br>| &nbsp;&nbsp; (25113886)<br>| &nbsp;&nbsp; (19320050)<br>| &nbsp;&nbsp; (26440666)<br>|

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Statements of Operations** <br> **Location**<br>| **FOCT**  | **DOCT**  | **FNOV**  | **DNOV**  | **FDEC**  | **DDEC**  |
| Net change in unrealized <br> appreciation <br>(depreciation) on:<br>|  |  |  |  |  |  |
| Purchased options <br> contracts<br>| $(69888806)<br>| &nbsp;&nbsp; $(30458787)<br>| &nbsp;&nbsp; $(56729456)<br>| &nbsp;&nbsp; $(24569473)<br>| &nbsp;&nbsp; $(40862513)<br>| &nbsp;&nbsp; $(29860862)<br>|
| Written options contracts | 80872827 | &nbsp;&nbsp; 30043948 | &nbsp;&nbsp; 51168794 | &nbsp;&nbsp; 21372405 | &nbsp;&nbsp; 48103713 | &nbsp;&nbsp; 21295283 |

---

The Funds do not have the right to offset financial assets and financial liabilities related to options contracts on the Statements of Assets and Liabilities.

The following table presents the premiums for purchased options contracts opened, premiums for purchased options contracts closed, exercised and expired, premiums for written options contracts opened, and premiums for written options contracts closed, exercised and expired, for the fiscal year ended August 31, 2025, on each Fund's options contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Premiums for** <br>**purchased** <br>**options contracts** <br>**opened**<br>| **Premiums for** <br>**purchased** <br>**options contracts** <br>**closed, exercised** <br>**and expired**<br>| **Premiums for** <br>**written options** <br>**contracts opened**<br>| **Premiums for** <br>**written options** <br>**contracts closed,** <br>**exercised and** <br>**expired**<br>|
| FJAN | $1855907572 | &nbsp;&nbsp; $1475468096 | &nbsp;&nbsp; $86662703 | &nbsp;&nbsp; $68626528 |
| DJAN | 545630750 | &nbsp;&nbsp; 436559988 | &nbsp;&nbsp; 19385485 | &nbsp;&nbsp; 14848756 |
| FFEB | 1869972656 | &nbsp;&nbsp; 1689710045 | &nbsp;&nbsp; 77607181 | &nbsp;&nbsp; 66913295 |
| DFEB | 657921504 | &nbsp;&nbsp; 513668996 | &nbsp;&nbsp; 23868947 | &nbsp;&nbsp; 20576851 |
| FMAR | 1737094725 | &nbsp;&nbsp; 1717678672 | &nbsp;&nbsp; 47095495 | &nbsp;&nbsp; 39552381 |
| DMAR | 619157538 | &nbsp;&nbsp; 560807016 | &nbsp;&nbsp; 13699961 | &nbsp;&nbsp; 7911229 |
| FAPR | 1369784785 | &nbsp;&nbsp; 1208126122 | &nbsp;&nbsp; 55420691 | &nbsp;&nbsp; 32381479 |
| DAPR | 392929933 | &nbsp;&nbsp; 339629567 | &nbsp;&nbsp; 17748522 | &nbsp;&nbsp; 9299430 |
| FMAY | 1934652038 | &nbsp;&nbsp; 1726301519 | &nbsp;&nbsp; 48388922 | &nbsp;&nbsp; 31886259 |
| DMAY | 488284839 | &nbsp;&nbsp; 508770372 | &nbsp;&nbsp; 11123934 | &nbsp;&nbsp; 7059888 |
| FJUN | 2120662421 | &nbsp;&nbsp; 1955058326 | &nbsp;&nbsp; 54274656 | &nbsp;&nbsp; 37057269 |
| DJUN | 737164748 | &nbsp;&nbsp; 705024968 | &nbsp;&nbsp; 13660361 | &nbsp;&nbsp; 8552836 |
| FJUL | 2224241399 | &nbsp;&nbsp; 2015857172 | &nbsp;&nbsp; 57519700 | &nbsp;&nbsp; 42612264 |
| DJUL | 656237681 | &nbsp;&nbsp; 604054657 | &nbsp;&nbsp; 14254045 | &nbsp;&nbsp; 10346131 |
| FAUG | 1998451901 | &nbsp;&nbsp; 1751659457 | &nbsp;&nbsp; 61896609 | &nbsp;&nbsp; 47647101 |
| DAUG | 656621657 | &nbsp;&nbsp; 592970357 | &nbsp;&nbsp; 19541394 | &nbsp;&nbsp; 15140051 |
| FSEP | 1538194043 | &nbsp;&nbsp; 1204609418 | &nbsp;&nbsp; 70226875 | &nbsp;&nbsp; 62803947 |
| DSEP | 406867686 | &nbsp;&nbsp; 324088431 | &nbsp;&nbsp; 17238746 | &nbsp;&nbsp; 15480054 |
| FOCT | 1357572545 | &nbsp;&nbsp; 1019736175 | &nbsp;&nbsp; 80032913 | &nbsp;&nbsp; 74933182 |
| DOCT | 466389731 | &nbsp;&nbsp; 353246549 | &nbsp;&nbsp; 22985858 | &nbsp;&nbsp; 21583522 |
| FNOV | 1576737891 | &nbsp;&nbsp; 1283382177 | &nbsp;&nbsp; 90809240 | &nbsp;&nbsp; 86871527 |
| DNOV | 461465577 | &nbsp;&nbsp; 378703599 | &nbsp;&nbsp; 24492239 | &nbsp;&nbsp; 22968967 |
| FDEC | 1866700771 | &nbsp;&nbsp; 1526476874 | &nbsp;&nbsp; 111857257 | &nbsp;&nbsp; 92670694 |
| DDEC | 543284614 | &nbsp;&nbsp; 511105054 | &nbsp;&nbsp; 28054784 | &nbsp;&nbsp; 25305410 |
| BUFT |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| BUFG |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |

---

**6. 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

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

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 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.

**7. 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 December 31, 2026.

**8. 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.

**9. 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 the following subsequent events:

As of September 22, 2025, the investment objective of the FSEP changed to include an upside cap of 14.00% and an Outcome Period of September 22, 2025 through September 18, 2026.

As of September 22, 2025, the investment objective of the DSEP changed to include an upside cap of 11.43% and an Outcome Period of September 22, 2025 through September 18, 2026.

As of October 20, 2025, the investment objective of the FOCT changed to include an upside cap of 15.09% and an Outcome Period of October 20, 2025 through October 16, 2026.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

As of October 20, 2025, the investment objective of the DOCT changed to include an upside cap of 11.73% and an Outcome Period of October 20, 2025 through October 16, 2026.

------

**Report of Independent Registered Public Accounting Firm**

**To the Shareholders and the Board of Trustees of First Trust Exchange-Traded Fund VIII:**

**Opinion on the Financial Statements and Financial Highlights**

We have audited the accompanying statements of assets and liabilities, including the portfolios of investments, of FT Vest U.S. Equity Buffer ETF – January, FT Vest U.S. Equity Deep Buffer ETF – January, FT Vest U.S. Equity Buffer ETF – February, FT Vest U.S. Equity Deep Buffer ETF – February, FT Vest U.S. Equity Buffer ETF – March, FT Vest U.S. Equity Deep Buffer ETF – March, FT Vest U.S. Equity Buffer ETF – April, FT Vest U.S. Equity Deep Buffer ETF – April, FT Vest U.S. Equity Buffer ETF – May, FT Vest U.S. Equity Deep Buffer ETF – May, FT Vest U.S. Equity Buffer ETF – June, FT Vest U.S. Equity Deep Buffer ETF – June, FT Vest U.S. Equity Buffer ETF – July, FT Vest U.S. Equity Deep Buffer ETF – July, FT Vest U.S. Equity Buffer ETF – August, FT Vest U.S. Equity Deep Buffer ETF – August, FT Vest U.S. Equity Buffer ETF – September, FT Vest U.S. Equity Deep Buffer ETF – September, FT Vest U.S. Equity Buffer ETF – October, FT Vest U.S. Equity Deep Buffer ETF - October, FT Vest U.S. Equity Buffer ETF – November, FT Vest U.S. Equity Deep Buffer ETF – November, FT Vest U.S. Equity Buffer ETF – December, FT Vest U.S. Equity Deep Buffer ETF – December, FT Vest Buffered Allocation Defensive ETF, and FT Vest Buffered Allocation Growth ETF (the "Funds"), each a series of the First Trust Exchange-Traded Fund VIII, as of August 31, 2025, the related statements of operations for the year then ended, statements of changes in net assets for each of the two years in the period then ended, 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 the Funds as of August 31, 2025, and the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Individual Funds** <br>**Included in the Trust**<br>| Financial Highlights |
| FT Vest U.S. Equity Buffer ETF - January | For the years ended August 31, 2025, 2024, 2023, and 2022, and for the period from <br> January 15, 2021 (commencement of investment operations) through August 31, <br> 2021 |
| FT Vest U.S. Equity Deep Buffer ETF - <br> January<br>| For the years ended August 31, 2025, 2024, 2023, and 2022, and for the period from <br> January 15, 2021 (commencement of investment operations) through August 31, <br> 2021 |
| FT Vest U.S. Equity Buffer ETF - February | For the years ended August 31, 2025, 2024, 2023, 2022, and 2021 |
| FT Vest U.S. Equity Deep Buffer ETF - <br> February<br>| For the years ended August 31, 2025, 2024, 2023, 2022, and 2021 |
| FT Vest U.S. Equity Buffer ETF - March | For the years ended August 31, 2025, 2024, 2023, and 2022, and for the period from <br> March 19, 2021 (commencement of investment operations) through August 31, <br> 2021 |
| FT Vest U.S. Equity Deep Buffer ETF - <br> March<br>| For the years ended August 31, 2025, 2024, 2023, and 2022, and for the period from <br> March 19, 2021 (commencement of investment operations) through August 31, <br> 2021 |
| FT Vest U.S. Equity Buffer ETF - April | For the years ended August 31, 2025, 2024, 2023, and 2022, and for the period from <br> April 16, 2021 (commencement of investment operations) through August 31, 2021 |
| FT Vest U.S. Equity Deep Buffer ETF - April | For the years ended August 31, 2025, 2024, 2023, and 2022, and for the period from <br> April 16, 2021 (commencement of investment operations) through August 31, 2021 |
| FT Vest U.S. Equity Buffer ETF - May | For the years ended August 31, 2025, 2024, 2023, 2022, and 2021 |
| FT Vest U.S. Equity Deep Buffer ETF - May | For the years ended August 31, 2025, 2024, 2023, 2022, and 2021 |
| FT Vest U.S. Equity Buffer ETF - June | For the years ended August 31, 2025, 2024, 2023, 2022, and 2021 |
| FT Vest U.S. Equity Deep Buffer ETF - June | For the years ended August 31, 2025, 2024, 2023, 2022, and 2021 |
| FT Vest U.S. Equity Buffer ETF - July | For the years ended August 31, 2025, 2024, 2023, 2022, and 2021 |
| FT Vest U.S. Equity Deep Buffer ETF - July | For the years ended August 31, 2025, 2024, 2023, 2022, and 2021 |
| FT Vest U.S. Equity Buffer ETF - August | For the years ended August 31, 2025, 2024, 2023, 2022, and 2021 |
| FT Vest U.S. Equity Deep Buffer ETF - <br> August<br>| For the years ended August 31, 2025, 2024, 2023, 2022, and 2021 |
| FT Vest U.S. Equity Buffer ETF - September | For the years ended August 31, 2025, 2024, 2023, and 2022, and for the period from <br> September 18, 2020 (commencement of investment operations) through August 31, <br> 2021 |
| FT Vest U.S. Equity Deep Buffer ETF - <br> September<br>| For the years ended August 31, 2025, 2024, 2023, and 2022, and for the period from <br> September 18, 2020 (commencement of investment operations) through August 31, <br> 2021 |

---

------

**Report of Independent Registered Public Accounting Firm (Continued)**

---

| | |
|:---|:---|
| **Individual Funds**<br> **Included in the Trust**<br>| Financial Highlights |
| FT Vest U.S. Equity Buffer ETF - October | For the years ended August 31, 2025, 2024, 2023, and 2022, and for the period from <br> October 16, 2020 (commencement of investment operations) through August 31, <br> 2021 |
| FT Vest U.S. Equity Deep Buffer ETF - <br> October<br>| For the years ended August 31, 2025, 2024, 2023, and 2022, and for the period from <br> October 16, 2020 (commencement of investment operations) through August 31, <br> 2021 |
| FT Vest U.S. Equity Buffer ETF - November | For the years ended August 31, 2025, 2024, 2023, 2022, and 2021 |
| FT Vest U.S. Equity Deep Buffer ETF - <br> November<br>| For the years ended August 31, 2025, 2024, 2023, 2022, and 2021 |
| FT Vest U.S. Equity Buffer ETF - December | For the years ended August 31, 2025, 2024, 2023, and 2022, and for the period from <br> December 18, 2020 (commencement of investment operations) through August 31, <br> 2021 |
| FT Vest U.S. Equity Deep Buffer ETF - <br> December<br>| For the years ended August 31, 2025, 2024, 2023, and 2022, and for the period from <br> December 18, 2020 (commencement of investment operations) through August 31, <br> 2021 |
| FT Vest Buffered Allocation Defensive ETF | For the years ended August 31, 2025, 2024, 2023, and for the period from <br> October 26, 2021 (commencement of investment operations) through August 31, <br> 2022 |
| FT Vest Buffered Allocation Growth ETF | For the years ended August 31, 2025, 2024, 2023, and for the period from <br> October 26, 2021 (commencement of investment operations) through August 31, <br> 2022 |

---

**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 August 31, 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

October 22, 2025

We have served as the auditor of one or more First Trust investment companies since 2001.

------

**Other Information**

**First Trust Exchange-Traded Fund VIII**

**August 31, 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 August 31, 2025.

**Proxy Disclosures (Item 9 of Form N-CSR)**

At a special meeting of shareholders of First Trust Exchange-Traded Fund VIII (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| James A. Bowen\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931952816 <br>5974259<br>|
| Thomas J. Driscoll\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931990349 <br>5936726<br>|
| Richard E. Erickson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931309705 <br>6617370<br>|
| Thomas R. Kadlec\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931262372 <br>6664703<br>|
| Denise M. Keefe\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932234496 <br>5692579<br>|
| Robert F. Keith\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931417790 <br>6509285<br>|
| Niel B. Nielson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931068296 <br>6858779<br>|
| Bronwyn Wright\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841558465 <br>96368610<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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.

**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 VIII (the "Trust"), including the Independent Trustees, unanimously approved the continuation of the Investment Management Agreement (the "Advisory Agreement") with First Trust Advisors L.P. (the "Advisor") and the Investment Sub-Advisory Agreements (as applicable to a specific Fund, the "Sub-Advisory Agreement" and

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

collectively, the "Sub-Advisory Agreements" and together with the Advisory Agreement, the "Agreements") among the Trust, the Advisor and Vest Financial LLC (the "Sub-Advisor") on behalf of the following series of the Trust (each a "Fund" and collectively, the "Funds"):

FT Vest U.S. Equity Buffer ETF - January (FJAN)

FT Vest U.S. Equity Deep Buffer ETF - January (DJAN)

FT Vest U.S. Equity Buffer ETF - February (FFEB)

FT Vest U.S. Equity Deep Buffer ETF - February (DFEB)

FT Vest U.S. Equity Buffer ETF - March (FMAR)

FT Vest U.S. Equity Deep Buffer ETF - March (DMAR)

FT Vest U.S. Equity Buffer ETF - April (FAPR)

FT Vest U.S. Equity Deep Buffer ETF - April (DAPR)

FT Vest U.S. Equity Buffer ETF - May (FMAY)

FT Vest U.S. Equity Deep Buffer ETF - May (DMAY)

FT Vest U.S. Equity Buffer ETF - June (FJUN)

FT Vest U.S. Equity Deep Buffer ETF - June (DJUN)

FT Vest U.S. Equity Buffer ETF - July (FJUL)

FT Vest U.S. Equity Deep Buffer ETF - July (DJUL)

FT Vest U.S. Equity Buffer ETF - August (FAUG)

FT Vest U.S. Equity Deep Buffer ETF - August (DAUG)

FT Vest U.S. Equity Buffer ETF - September (FSEP)

FT Vest U.S. Equity Deep Buffer ETF - September (DSEP)

FT Vest U.S. Equity Buffer ETF - October (FOCT)

FT Vest U.S. Equity Deep Buffer ETF - October (DOCT)

FT Vest U.S. Equity Buffer ETF - November (FNOV)

FT Vest U.S. Equity Deep Buffer ETF - November (DNOV)

FT Vest U.S. Equity Buffer ETF - December (FDEC)

FT Vest U.S. Equity Deep Buffer ETF - December (DDEC)

FT Vest Buffered Allocation Defensive ETF (BUFT)

FT Vest Buffered Allocation Growth ETF (BUFG)

The Board approved the continuation of the applicable Agreements 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 applicable Agreements 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 and the Sub-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 and the Sub-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 sub-advisory fee as compared to fees charged to other clients of the Sub-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 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 and the Sub-Advisor to realize economies of scale, if any; profitability and other financial data for the Advisor; financial data for the Sub-Advisor; any indirect benefits to the Advisor and its affiliates, First Trust Portfolios L.P. ("FTP") and First Trust Capital Partners, LLC ("FTCP"), and the Sub-Advisor; and information on the Advisor's and the Sub-Advisor's compliance programs. The Board reviewed

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

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 and the Sub-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 arrangements between the Trust and the Advisor and among the Trust, the Advisor and the Sub-Advisor continue to be reasonable business arrangements 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 and the Sub-Advisor manage the Fund and knowing the Fund's unitary fee.

In reviewing the applicable Agreements for each Fund, the Board considered the nature, extent and quality of the services provided by the Advisor and the Sub-Advisor under the applicable Agreements. With respect to the Advisory 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, including the oversight of the Sub-Advisor, as well as the background and experience of the persons responsible for such services. The Board noted that the Advisor oversees the Sub-Advisor's day-to-day management of each Fund's investments, including portfolio risk monitoring and performance review. 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, the Sub-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. With respect to the Sub-Advisory Agreements, the Board noted that each Fund is an actively-managed ETF and the Sub-Advisor actively manages the Fund's investments. In addition to the written materials provided by the Sub-Advisor, at the June 8–9, 2025 meeting, the Board also received a presentation from representatives of the Sub-Advisor, who discussed the services that the Sub-Advisor provides to each Fund, including the Sub-Advisor's day-to-day management of the Funds' investments. In considering the Sub-Advisor's management of the Funds, the Board noted the background and experience of the Sub-Advisor's portfolio management team. 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 and the Sub-Advisor under the Agreements have been and are expected to remain satisfactory and that the Sub-Advisor, under the oversight of 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 Advisory Agreement for the services provided. The Board noted that the sub-advisory fee for each Fund is paid by the Advisor from the Fund's unitary fee. The Board considered that as part of the unitary fee the Advisor is responsible for each Fund's expenses, including the cost of sub-advisory, transfer agency, custody, fund administration, legal, audit and other services and license fees, if any, but excluding the fee payment under the Advisory 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 noted that, because each of BUFT and BUFG invests in underlying ETFs in the First Trust Fund Complex, each such Fund incurs acquired fund fees and expenses, which are not payable out of the unitary fee. 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 and the Sub-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 (excluding acquired fund fees and expenses) for each of BUFT and BUFG was below the median total (net) expense ratio (excluding acquired fund fees and expenses) of the peer funds in its respective Expense Group and that the total (net) expense ratio for each other Fund was above the median total (net) expense ratio of the peer funds in its respective Expense Group. The Board also noted that the total (net) expense ratio (including acquired fund fees and expenses) for each of BUFT and BUFG 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 actively-managed ETFs, and different business models that may affect the pricing of services among ETF sponsors. The Board also noted that, for each Fund, not all peer funds employ an advisor/sub-advisor management structure. 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

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

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 and the Sub-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 information comparing each Fund's performance for one or more periods ended December 31, 2024 to the performance of the funds in its Performance Universe and to that of a benchmark index. The Board noted that all of the Funds, except for BUFT and BUFG, are target outcome ETFs that seek to provide investors with returns (before fees and expenses) over a defined period of time (typically one year) that match the price return of the SPDR S&P 500 ETF Trust ("SPY"), up to a predetermined cap, while providing a buffer against certain losses on the price return of SPY. The Board considered information provided by the Sub-Advisor on each Fund's performance during its respective target outcome period that ended between April 1, 2024 and March 31, 2025 and noted that each Fund delivered on its target outcome objective. With respect to BUFT and BUFG, based on the information provided, the Board noted that BUFT underperformed its Performance Universe median and benchmark index for the one- and three-year periods ended December 31, 2024 and that BUFG outperformed its Performance Universe median and underperformed its benchmark index for the one-year period ended December 31, 2024 and underperformed its Performance Universe median and benchmark index for the three-year period ended December 31, 2024. The Board also noted that each of BUFT and BUFG invests substantially all of its assets in multiple target outcome ETFs in the First Trust Fund Complex sub-advised by the Sub-Advisor that seek to provide investors with returns (before fees and expenses) over a defined period of time (typically one year) that match the price return of SPY, up to a predetermined cap, while providing a buffer against certain losses on the price return of SPY and considered that the investment strategy of the underlying ETFs limits the comparability of the performance of each of BUFT and BUFG to that of the funds in its respective Performance Universe and its benchmark index.

On the basis of all the information provided on the unitary fee and performance of each Fund and the ongoing oversight by the Board, the Board concluded that the unitary fee for each Fund (out of which the Sub-Advisor is compensated) continues to be reasonable and appropriate in light of the nature, extent and quality of the services provided by the Advisor and the Sub-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 for the twelve months ended 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 same period. 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. The Board also noted that FTCP has a controlling ownership interest in the Sub-Advisor's parent company and considered potential indirect benefits to the Advisor from such ownership interest. In addition, with respect to BUFT and BUFG, the Board considered that the Advisor, as the investment advisor to the underlying ETFs in which each Fund invests, will recognize additional revenue from the underlying ETFs if investment by the 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.

The Board considered the Sub-Advisor's statement that it believes that the sub-advisory fee for each Fund is appropriate. The Board noted the Sub-Advisor's statements that it continues to invest in infrastructure, technology and personnel, and that it anticipates that its expenses relating to providing services to the Funds will remain approximately the same for the next twelve months. The Board noted that the Advisor pays the Sub-Advisor for each Fund from the unitary fee, that the sub-advisory fee will be reduced consistent with the

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

breakpoints in the unitary fee rate schedule and its understanding that each Fund's sub-advisory fee was the product of an arm's length negotiation. The Board did not review the profitability of the Sub-Advisor with respect to each Fund. The Board concluded that the profitability analysis for the Advisor was more relevant. The Board considered the potential indirect benefits to the Sub-Advisor from being associated with the Advisor and the Funds, and noted the Sub-Advisor's statements that it is the Sub-Advisor's policy currently not to enter into soft-dollar arrangements for the procurement of research services in connection with client securities transactions and that, as a result, there are no foreseen indirect benefits from its relationship with the Funds. The Board also considered the potential indirect benefits to the Sub-Advisor from FTCP's controlling ownership interest in the Sub-Advisor's parent company. In addition, with respect to BUFT and BUFG, the Board considered that the Sub-Advisor, as the investment sub-advisor to the underlying ETFs in which each Fund invests, will recognize additional revenue from the underlying ETFs if investment by the Funds causes the assets of the underlying ETFs to grow. The Board concluded that the character and amount of potential indirect benefits to the Sub-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.

**Federal Tax Information**

There were no distributions made by each Fund during their applicable taxable period; therefore, no analysis for the corporate dividends received deduction and qualified dividend income was completed.

**Disclaimer**

The Funds are not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Funds or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Funds or the FLEX Options or results to be obtained by the Funds or the FLEX Options, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Funds or the FLEX Options.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Annual Financial Statements and Other Information <br> For the Period Ended August 31, 2025

![](imgb823eb241.gif)

<u>First Trust Exchange-Traded Fund VIII</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - January (QCJA) |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January (XJAN) |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - February (QMFE) |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February (XFEB) |
| FT Vest International Equity Moderate Buffer ETF - March (YMAR) |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - March (QMAR) |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR) |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - April (QCAP) |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April (XAPR) |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - May (QMMY) |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (XMAY) |
| FT Vest International Equity Moderate Buffer ETF - June (YJUN) |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - June (QJUN) |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June (XJUN) |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - July (QCJL) |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July (XJUL) |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - August (QMAG) |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August (XAUG) |
| FT Vest International Equity Moderate Buffer ETF - September (YSEP) |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - September (QSPT) |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September (XSEP) |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - October (QCOC) |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October (XOCT) |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - November (QMNV) |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November (XNOV) |
| FT Vest International Equity Moderate Buffer ETF - December (YDEC) |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - December (QDEC) |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC) |
| FT Vest Laddered International Moderate Buffer ETF (BUFY) |
| FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX) |

---

------

**Table of Contents** 

**First Trust Exchange-Traded Fund VIII**

**Annual Financial Statements and Other Information**

**August 31, 2025** 

---

| | |
|:---|:---|
| [Portfolio of Investments](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4962_1) |  |
| [FT Vest Nasdaq-100](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4962_1)<sup>®</sup>[Conservative Buffer ETF - January (QCJA)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4962_1) | 2 |
| [FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January (XJAN)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4643_1) | 3 |
| [FT Vest Nasdaq-100](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4968_1)<sup>®</sup>[Moderate Buffer ETF - February (QMFE)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4968_1) | 5 |
| [FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February (XFEB)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4644_1) | 6 |
| [FT Vest International Equity Moderate Buffer ETF - March (YMAR)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4305_1) | 8 |
| [FT Vest Nasdaq-100](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4304_1)<sup>®</sup>[Buffer ETF - March (QMAR)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4304_1) | 9 |
| [FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4487_1) | 10 |
| [FT Vest Nasdaq-100](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4672_1)<sup>®</sup>[Conservative Buffer ETF - April (QCAP)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4672_1) | 12 |
| [FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April (XAPR)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4674_1) | 13 |
| [FT Vest Nasdaq-100](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4673_1)<sup>®</sup>[Moderate Buffer ETF - May (QMMY)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4673_1) | 15 |
| [FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (XMAY)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4675_1) | 16 |
| [FT Vest International Equity Moderate Buffer ETF - June (YJUN)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4310_1) | 18 |
| [FT Vest Nasdaq-100](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4309_1)<sup>®</sup>[Buffer ETF - June (QJUN)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4309_1) | 19 |
| [FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June (XJUN)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4312_1) | 20 |
| [FT Vest Nasdaq-100](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4882_1)<sup>®</sup>[Conservative Buffer ETF - July (QCJL)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4882_1) | 22 |
| [FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July (XJUL)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4542_1) | 23 |
| [FT Vest Nasdaq-100](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4880_1)<sup>®</sup>[Moderate Buffer ETF - August (QMAG)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4880_1) | 25 |
| [FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August (XAUG)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4543_1) | 26 |
| [FT Vest International Equity Moderate Buffer ETF - September (YSEP)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4316_1) | 28 |
| [FT Vest Nasdaq-100](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4315_1)<sup>®</sup>[Buffer ETF - September (QSPT)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4315_1) | 29 |
| [FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September (XSEP)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4200_1) | 30 |
| [FT Vest Nasdaq-100](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4893_1)<sup>®</sup>[Conservative Buffer ETF - October (QCOC)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4893_1) | 32 |
| [FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October (XOCT)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4609_1) | 33 |
| [FT Vest Nasdaq-100](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4894_1)<sup>®</sup>[Moderate Buffer ETF - November (QMNV)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4894_1) | 35 |
| [FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November (XNOV)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4608_1) | 36 |
| [FT Vest International Equity Moderate Buffer ETF - December (YDEC)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4279_1) | 38 |
| [FT Vest Nasdaq-100](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4270_1)<sup>®</sup>[Buffer ETF - December (QDEC)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4270_1) | 39 |
| [FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4317_1) | 40 |
| [FT Vest Laddered International Moderate Buffer ETF (BUFY)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-4892_1) | 42 |
| [FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX)](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOI-TOC-ScheduleofInvestments-5116_1) | 43 |
| [Statements of Assets and Liabilities](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SAL1-TOC-StatementofAssetsandLiabilities-4305_1) | 44 |
| [Statements of Operations](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOP1-TOC-StatementofOperations-4962_1) | 50 |
| [Statements of Changes in Net Assets](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_SOC1-TOC-StatementofChanges-4305_1) | 56 |
| [Financial Highlights](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_FIHI-TOC-FinancialHighlights-4305_1) | 67 |
| [Notes to Financial Statements](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_NTF-TOC-NotestoFinancialStatements-4962_1) | 97 |
| [Report of Independent Registered Public Accounting Firm](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_AUD-TOC-RIRPAFirm-4305_1) | 118 |
| [Other Information](#xx_c1b61dd7-ec52-42bf-956b-d72eba9a4e3e_AI-TOC-AdditionalInformation-4962_1) | 121 |

---

------

**Performance and Risk Disclosure**

There is no assurance that any series of First Trust Exchange-Traded Fund VIII (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.

------

**FT Vest Nasdaq-100**<sup>®</sup> **Conservative Buffer ETF - January (QCJA)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** |
| 300597 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $300597 |
|  | (Cost $300,597) |  |
|  | **Total Investments — 0.6%** | 300597 |
|  | (Cost $300,597) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 103.7%** | **PURCHASED OPTIONS — 103.7%** | **PURCHASED OPTIONS — 103.7%** | **PURCHASED OPTIONS — 103.7%** | **PURCHASED OPTIONS — 103.7%** | **PURCHASED OPTIONS — 103.7%** |
|  | **Call Options Purchased — 101.8%** | **Call Options Purchased — 101.8%** | **Call Options Purchased — 101.8%** | **Call Options Purchased — 101.8%** |  |
| 893 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | $50936720 | $5.21 | 01/16/26 | 50358074 |
|  | (Cost $46,317,500) |  |  |  |  |
|  | **Put Options Purchased — 1.9%** | **Put Options Purchased — 1.9%** | **Put Options Purchased — 1.9%** | **Put Options Purchased — 1.9%** |  |
| 893 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | 50936720 | 521.73 | 01/16/26 | 959126 |
|  | (Cost $3,057,289) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 51317200 |
|  | (Cost $49,374,789) | (Cost $49,374,789) | (Cost $49,374,789) | (Cost $49,374,789) |  |
| **WRITTEN OPTIONS — (4.2)%** | **WRITTEN OPTIONS — (4.2)%** | **WRITTEN OPTIONS — (4.2)%** | **WRITTEN OPTIONS — (4.2)%** | **WRITTEN OPTIONS — (4.2)%** | **WRITTEN OPTIONS — (4.2)%** |
|  | **Call Options Written — (3.8)%** | **Call Options Written — (3.8)%** | **Call Options Written — (3.8)%** | **Call Options Written — (3.8)%** |  |
| (893) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (50936720)<br>| 587.10 | 01/16/26 | (1864191)<br>|
|  | (Premiums received $1,527,632) |  |  |  |  |
|  | **Put Options Written — (0.4)%** | **Put Options Written — (0.4)%** | **Put Options Written — (0.4)%** | **Put Options Written — (0.4)%** |  |
| (893) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (50936720)<br>| 417.38 | 01/16/26 | (220910)<br>|
|  | (Premiums received $793,450) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (2085101)<br>|
|  | (Premiums received $2,321,082) | (Premiums received $2,321,082) | (Premiums received $2,321,082) | (Premiums received $2,321,082) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (37576)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $49495120 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $300597 | &nbsp;&nbsp; $300597 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 51317200 | &nbsp;&nbsp; — | &nbsp;&nbsp; 51317200 | &nbsp;&nbsp; — |
| Total | $51617797 | &nbsp;&nbsp; $300597 | &nbsp;&nbsp; $51317200 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(2085101)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(2085101)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January (XJAN)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.7%** | **MONEY MARKET FUNDS — 0.7%** | **MONEY MARKET FUNDS — 0.7%** |
| 266183 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $266183 |
|  | (Cost $266,183) |  |
|  | **Total Investments — 0.7%** | 266183 |
|  | (Cost $266,183) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 112.8%** | **PURCHASED OPTIONS — 112.8%** | **PURCHASED OPTIONS — 112.8%** | **PURCHASED OPTIONS — 112.8%** | **PURCHASED OPTIONS — 112.8%** | **PURCHASED OPTIONS — 112.8%** |
|  | **Call Options Purchased — 111.3%** | **Call Options Purchased — 111.3%** | **Call Options Purchased — 111.3%** | **Call Options Purchased — 111.3%** |  |
| 666 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $42960330 | $5.99 | 01/16/26 | 42370460 |
| 666 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 42960330 | 597.59 | 01/16/26 | 4275201 |
|  | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | 46645661 |
|  | (Cost $41,895,004) | (Cost $41,895,004) | (Cost $41,895,004) | (Cost $41,895,004) |  |
|  | **Put Options Purchased — 1.5%** | **Put Options Purchased — 1.5%** | **Put Options Purchased — 1.5%** | **Put Options Purchased — 1.5%** |  |
| 666 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 42960330 | 597.59 | 01/16/26 | 647532 |
|  | (Cost $2,398,614) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 47293193 |
|  | (Cost $44,293,618) | (Cost $44,293,618) | (Cost $44,293,618) | (Cost $44,293,618) |  |
| **WRITTEN OPTIONS — (13.4)%** | **WRITTEN OPTIONS — (13.4)%** | **WRITTEN OPTIONS — (13.4)%** | **WRITTEN OPTIONS — (13.4)%** | **WRITTEN OPTIONS — (13.4)%** | **WRITTEN OPTIONS — (13.4)%** |
|  | **Call Options Written — (12.9)%** | **Call Options Written — (12.9)%** | **Call Options Written — (12.9)%** | **Call Options Written — (12.9)%** |  |
| (1332) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (85920660)<br>| 626.69 | 01/16/26 | (5394560)<br>|
|  | (Premiums received $3,454,588) |  |  |  |  |
|  | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** |  |
| (666) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (42960330)<br>| 507.95 | 01/16/26 | (209178)<br>|
|  | (Premiums received $822,105) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (5603738)<br>|
|  | (Premiums received $4,276,693) | (Premiums received $4,276,693) | (Premiums received $4,276,693) | (Premiums received $4,276,693) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (28964)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $41926674 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $266183 | &nbsp;&nbsp; $266183 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 47293193 | &nbsp;&nbsp; — | &nbsp;&nbsp; 47293193 | &nbsp;&nbsp; — |
| Total | $47559376 | &nbsp;&nbsp; $266183 | &nbsp;&nbsp; $47293193 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January (XJAN)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(5603738)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(5603738)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest Nasdaq-100**<sup>®</sup> **Moderate Buffer ETF - February (QMFE)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.7%** | **MONEY MARKET FUNDS — 0.7%** | **MONEY MARKET FUNDS — 0.7%** |
| 294191 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $294191 |
|  | (Cost $294,191) |  |
|  | **Total Investments — 0.7%** | 294191 |
|  | (Cost $294,191) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 103.5%** | **PURCHASED OPTIONS — 103.5%** | **PURCHASED OPTIONS — 103.5%** | **PURCHASED OPTIONS — 103.5%** | **PURCHASED OPTIONS — 103.5%** | **PURCHASED OPTIONS — 103.5%** |
|  | **Call Options Purchased — 101.0%** | **Call Options Purchased — 101.0%** | **Call Options Purchased — 101.0%** | **Call Options Purchased — 101.0%** |  |
| 741 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | $42266640 | $5.25 | 02/20/26 | 41802759 |
|  | (Cost $36,243,970) |  |  |  |  |
|  | **Put Options Purchased — 2.5%** | **Put Options Purchased — 2.5%** | **Put Options Purchased — 2.5%** | **Put Options Purchased — 2.5%** |  |
| 741 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | 42266640 | 526.07 | 02/20/26 | 1024314 |
|  | (Cost $4,063,739) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 42827073 |
|  | (Cost $40,307,709) | (Cost $40,307,709) | (Cost $40,307,709) | (Cost $40,307,709) |  |
| **WRITTEN OPTIONS — (4.1)%** | **WRITTEN OPTIONS — (4.1)%** | **WRITTEN OPTIONS — (4.1)%** | **WRITTEN OPTIONS — (4.1)%** | **WRITTEN OPTIONS — (4.1)%** | **WRITTEN OPTIONS — (4.1)%** |
|  | **Call Options Written — (3.2)%** | **Call Options Written — (3.2)%** | **Call Options Written — (3.2)%** | **Call Options Written — (3.2)%** |  |
| (741) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (42266640)<br>| 602.46 | 02/20/26 | (1347723)<br>|
|  | (Premiums received $497,149) |  |  |  |  |
|  | **Put Options Written — (0.9)%** | **Put Options Written — (0.9)%** | **Put Options Written — (0.9)%** | **Put Options Written — (0.9)%** |  |
| (741) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (42266640)<br>| 447.16 | 02/20/26 | (363231)<br>|
|  | (Premiums received $1,439,953) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (1710954)<br>|
|  | (Premiums received $1,937,102) | (Premiums received $1,937,102) | (Premiums received $1,937,102) | (Premiums received $1,937,102) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (34722)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $41375588 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $294191 | &nbsp;&nbsp; $294191 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 42827073 | &nbsp;&nbsp; — | &nbsp;&nbsp; 42827073 | &nbsp;&nbsp; — |
| Total | $43121264 | &nbsp;&nbsp; $294191 | &nbsp;&nbsp; $42827073 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(1710954)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(1710954)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February (XFEB)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** |
| 366671 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $366671 |
|  | (Cost $366,671) |  |
|  | **Total Investments — 0.8%** | 366671 |
|  | (Cost $366,671) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 113.8%** | **PURCHASED OPTIONS — 113.8%** | **PURCHASED OPTIONS — 113.8%** | **PURCHASED OPTIONS — 113.8%** | **PURCHASED OPTIONS — 113.8%** | **PURCHASED OPTIONS — 113.8%** |
|  | **Call Options Purchased — 111.9%** | **Call Options Purchased — 111.9%** | **Call Options Purchased — 111.9%** | **Call Options Purchased — 111.9%** |  |
| 771 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $49733355 | $6.01 | 02/20/26 | 49076903 |
| 771 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 49733355 | 599.95 | 02/20/26 | 5156841 |
|  | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | 54233744 |
|  | (Cost $47,059,598) | (Cost $47,059,598) | (Cost $47,059,598) | (Cost $47,059,598) |  |
|  | **Put Options Purchased — 1.9%** | **Put Options Purchased — 1.9%** | **Put Options Purchased — 1.9%** | **Put Options Purchased — 1.9%** |  |
| 771 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 49733355 | 599.95 | 02/20/26 | 935601 |
|  | (Cost $3,318,207) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 55169345 |
|  | (Cost $50,377,805) | (Cost $50,377,805) | (Cost $50,377,805) | (Cost $50,377,805) |  |
| **WRITTEN OPTIONS — (14.5)%** | **WRITTEN OPTIONS — (14.5)%** | **WRITTEN OPTIONS — (14.5)%** | **WRITTEN OPTIONS — (14.5)%** | **WRITTEN OPTIONS — (14.5)%** | **WRITTEN OPTIONS — (14.5)%** |
|  | **Call Options Written — (13.8)%** | **Call Options Written — (13.8)%** | **Call Options Written — (13.8)%** | **Call Options Written — (13.8)%** |  |
| (1542) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (99466710)<br>| 629.35 | 02/20/26 | (6706821)<br>|
|  | (Premiums received $3,425,699) |  |  |  |  |
|  | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** |  |
| (771) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (49733355)<br>| 509.96 | 02/20/26 | (328593)<br>|
|  | (Premiums received $1,239,859) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (7035414)<br>|
|  | (Premiums received $4,665,558) | (Premiums received $4,665,558) | (Premiums received $4,665,558) | (Premiums received $4,665,558) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (32106)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $48468496 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $366671 | &nbsp;&nbsp; $366671 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 55169345 | &nbsp;&nbsp; — | &nbsp;&nbsp; 55169345 | &nbsp;&nbsp; — |
| Total | $55536016 | &nbsp;&nbsp; $366671 | &nbsp;&nbsp; $55169345 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February (XFEB)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(7035414)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(7035414)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest International Equity Moderate Buffer ETF - March (YMAR)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** |
| 1101863 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $1101863 |
|  | (Cost $1,101,863) |  |
|  | **Total Investments — 0.8%** | 1101863 |
|  | (Cost $1,101,863) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 102.1%** | **PURCHASED OPTIONS — 102.1%** | **PURCHASED OPTIONS — 102.1%** | **PURCHASED OPTIONS — 102.1%** | **PURCHASED OPTIONS — 102.1%** | **PURCHASED OPTIONS — 102.1%** |
|  | **Call Options Purchased — 100.5%** | **Call Options Purchased — 100.5%** | **Call Options Purchased — 100.5%** | **Call Options Purchased — 100.5%** |  |
| 15065 | iShares MSCI EAFE ETF  | $137814620 | $0.84 | 03/20/26 | 135511031 |
|  | (Cost $122,394,504) |  |  |  |  |
|  | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** |  |
| 15065 | iShares MSCI EAFE ETF  | 137814620 | 83.66 | 03/20/26 | 2129588 |
|  | (Cost $6,955,172) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 137640619 |
|  | (Cost $129,349,676) | (Cost $129,349,676) | (Cost $129,349,676) | (Cost $129,349,676) |  |
| **WRITTEN OPTIONS — (2.8)%** | **WRITTEN OPTIONS — (2.8)%** | **WRITTEN OPTIONS — (2.8)%** | **WRITTEN OPTIONS — (2.8)%** | **WRITTEN OPTIONS — (2.8)%** | **WRITTEN OPTIONS — (2.8)%** |
|  | **Call Options Written — (2.3)%** | **Call Options Written — (2.3)%** | **Call Options Written — (2.3)%** | **Call Options Written — (2.3)%** |  |
| (15065) | iShares MSCI EAFE ETF  | (137814620)<br>| 96.54 | 03/20/26 | (3091489)<br>|
|  | (Premiums received $1,093,404) |  |  |  |  |
|  | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** |  |
| (15065) | iShares MSCI EAFE ETF  | (137814620)<br>| 71.11 | 03/20/26 | (738034)<br>|
|  | (Premiums received $2,750,641) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (3829523)<br>|
|  | (Premiums received $3,844,045) | (Premiums received $3,844,045) | (Premiums received $3,844,045) | (Premiums received $3,844,045) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (96074)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $134816885 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $1101863 | &nbsp;&nbsp; $1101863 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 137640619 | &nbsp;&nbsp; — | &nbsp;&nbsp; 137640619 | &nbsp;&nbsp; — |
| Total | $138742482 | &nbsp;&nbsp; $1101863 | &nbsp;&nbsp; $137640619 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(3829523)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(3829523)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest Nasdaq-100**<sup>®</sup> **Buffer ETF - March (QMAR)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** |
| 3339166 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $3339166 |
|  | (Cost $3,339,166) |  |
|  | **Total Investments — 0.8%** | 3339166 |
|  | (Cost $3,339,166) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 107.9%** | **PURCHASED OPTIONS — 107.9%** | **PURCHASED OPTIONS — 107.9%** | **PURCHASED OPTIONS — 107.9%** | **PURCHASED OPTIONS — 107.9%** | **PURCHASED OPTIONS — 107.9%** |
|  | **Call Options Purchased — 106.3%** | **Call Options Purchased — 106.3%** | **Call Options Purchased — 106.3%** | **Call Options Purchased — 106.3%** |  |
| 8492 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | $484383680 | $4.80 | 03/20/26 | 479458320 |
|  | (Cost $404,702,626) |  |  |  |  |
|  | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** |  |
| 8492 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | 484383680 | 480.83 | 03/20/26 | 7515420 |
|  | (Cost $28,317,797) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 486973740 |
|  | (Cost $433,020,423) | (Cost $433,020,423) | (Cost $433,020,423) | (Cost $433,020,423) |  |
| **WRITTEN OPTIONS — (8.6)%** | **WRITTEN OPTIONS — (8.6)%** | **WRITTEN OPTIONS — (8.6)%** | **WRITTEN OPTIONS — (8.6)%** | **WRITTEN OPTIONS — (8.6)%** | **WRITTEN OPTIONS — (8.6)%** |
|  | **Call Options Written — (7.7)%** | **Call Options Written — (7.7)%** | **Call Options Written — (7.7)%** | **Call Options Written — (7.7)%** |  |
| (8492) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (484383680)<br>| 568.44 | 03/20/26 | (34647360)<br>|
|  | (Premiums received $11,816,777) |  |  |  |  |
|  | **Put Options Written — (0.9)%** | **Put Options Written — (0.9)%** | **Put Options Written — (0.9)%** | **Put Options Written — (0.9)%** |  |
| (8492) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (484383680)<br>| 432.75 | 03/20/26 | (4178064)<br>|
|  | (Premiums received $15,685,556) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (38825424)<br>|
|  | (Premiums received $27,502,333) | (Premiums received $27,502,333) | (Premiums received $27,502,333) | (Premiums received $27,502,333) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (330534)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $451156948 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $3339166 | &nbsp;&nbsp; $3339166 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 486973740 | &nbsp;&nbsp; — | &nbsp;&nbsp; 486973740 | &nbsp;&nbsp; — |
| Total | $490312906 | &nbsp;&nbsp; $3339166 | &nbsp;&nbsp; $486973740 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(38825424)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(38825424)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** |
| 1266291 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $1266291 |
|  | (Cost $1,266,291) |  |
|  | **Total Investments — 0.8%** | 1266291 |
|  | (Cost $1,266,291) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 125.0%** | **PURCHASED OPTIONS — 125.0%** | **PURCHASED OPTIONS — 125.0%** | **PURCHASED OPTIONS — 125.0%** | **PURCHASED OPTIONS — 125.0%** | **PURCHASED OPTIONS — 125.0%** |
|  | **Call Options Purchased — 123.4%** | **Call Options Purchased — 123.4%** | **Call Options Purchased — 123.4%** | **Call Options Purchased — 123.4%** |  |
| 2925 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $188677125 | $5.65 | 03/20/26 | 185910251 |
| 2925 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 188677125 | 563.99 | 03/20/26 | 29166023 |
|  | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | 215076274 |
|  | (Cost $175,806,803) | (Cost $175,806,803) | (Cost $175,806,803) | (Cost $175,806,803) |  |
|  | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** |  |
| 2925 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 188677125 | 563.99 | 03/20/26 | 2741251 |
|  | (Cost $9,613,852) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 217817525 |
|  | (Cost $185,420,655) | (Cost $185,420,655) | (Cost $185,420,655) | (Cost $185,420,655) |  |
| **WRITTEN OPTIONS — (25.7)%** | **WRITTEN OPTIONS — (25.7)%** | **WRITTEN OPTIONS — (25.7)%** | **WRITTEN OPTIONS — (25.7)%** | **WRITTEN OPTIONS — (25.7)%** | **WRITTEN OPTIONS — (25.7)%** |
|  | **Call Options Written — (25.0)%** | **Call Options Written — (25.0)%** | **Call Options Written — (25.0)%** | **Call Options Written — (25.0)%** |  |
| (5850) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (377354250)<br>| 593.54 | 03/20/26 | (43608883)<br>|
|  | (Premiums received $17,728,444) |  |  |  |  |
|  | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** |  |
| (2925) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (188677125)<br>| 479.39 | 03/20/26 | (1123756)<br>|
|  | (Premiums received $3,570,243) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (44732639)<br>|
|  | (Premiums received $21,298,687) | (Premiums received $21,298,687) | (Premiums received $21,298,687) | (Premiums received $21,298,687) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (121044)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $174230133 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $1266291 | &nbsp;&nbsp; $1266291 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 217817525 | &nbsp;&nbsp; — | &nbsp;&nbsp; 217817525 | &nbsp;&nbsp; — |
| Total | $219083816 | &nbsp;&nbsp; $1266291 | &nbsp;&nbsp; $217817525 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(44732639)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(44732639)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest Nasdaq-100**<sup>®</sup> **Conservative Buffer ETF - April (QCAP)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** |
| 335796 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $335796 |
|  | (Cost $335,796) |  |
|  | **Total Investments — 0.8%** | 335796 |
|  | (Cost $335,796) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 117.6%** | **PURCHASED OPTIONS — 117.6%** | **PURCHASED OPTIONS — 117.6%** | **PURCHASED OPTIONS — 117.6%** | **PURCHASED OPTIONS — 117.6%** | **PURCHASED OPTIONS — 117.6%** |
|  | **Call Options Purchased — 116.2%** | **Call Options Purchased — 116.2%** | **Call Options Purchased — 116.2%** | **Call Options Purchased — 116.2%** |  |
| 833 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | $47514320 | $4.43 | 04/17/26 | 47012113 |
|  | (Cost $37,187,298) |  |  |  |  |
|  | **Put Options Purchased — 1.4%** | **Put Options Purchased — 1.4%** | **Put Options Purchased — 1.4%** | **Put Options Purchased — 1.4%** |  |
| 833 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | 47514320 | 444.09 | 04/17/26 | 546648 |
|  | (Cost $3,005,083) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 47558761 |
|  | (Cost $40,192,381) | (Cost $40,192,381) | (Cost $40,192,381) | (Cost $40,192,381) |  |
| **WRITTEN OPTIONS — (18.3)%** | **WRITTEN OPTIONS — (18.3)%** | **WRITTEN OPTIONS — (18.3)%** | **WRITTEN OPTIONS — (18.3)%** | **WRITTEN OPTIONS — (18.3)%** | **WRITTEN OPTIONS — (18.3)%** |
|  | **Call Options Written — (17.8)%** | **Call Options Written — (17.8)%** | **Call Options Written — (17.8)%** | **Call Options Written — (17.8)%** |  |
| (833) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (47514320)<br>| 509.68 | 04/17/26 | (7221035)<br>|
|  | (Premiums received $2,067,562) |  |  |  |  |
|  | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** |  |
| (833) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (47514320)<br>| 355.27 | 04/17/26 | (199304)<br>|
|  | (Premiums received $1,017,710) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (7420339)<br>|
|  | (Premiums received $3,085,272) | (Premiums received $3,085,272) | (Premiums received $3,085,272) | (Premiums received $3,085,272) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (29262)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $40444956 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $335796 | &nbsp;&nbsp; $335796 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 47558761 | &nbsp;&nbsp; — | &nbsp;&nbsp; 47558761 | &nbsp;&nbsp; — |
| Total | $47894557 | &nbsp;&nbsp; $335796 | &nbsp;&nbsp; $47558761 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(7420339)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(7420339)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April (XAPR)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** |
| 443818 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $443818 |
|  | (Cost $443,818) |  |
|  | **Total Investments — 0.9%** | 443818 |
|  | (Cost $443,818) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 137.4%** | **PURCHASED OPTIONS — 137.4%** | **PURCHASED OPTIONS — 137.4%** | **PURCHASED OPTIONS — 137.4%** | **PURCHASED OPTIONS — 137.4%** | **PURCHASED OPTIONS — 137.4%** |
|  | **Call Options Purchased — 136.1%** | **Call Options Purchased — 136.1%** | **Call Options Purchased — 136.1%** | **Call Options Purchased — 136.1%** |  |
| 910 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $58699550 | $5.27 | 04/17/26 | 57885491 |
| 910 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 58699550 | 526.42 | 04/17/26 | 12360157 |
|  | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | 70245648 |
|  | (Cost $60,945,866) | (Cost $60,945,866) | (Cost $60,945,866) | (Cost $60,945,866) |  |
|  | **Put Options Purchased — 1.3%** | **Put Options Purchased — 1.3%** | **Put Options Purchased — 1.3%** | **Put Options Purchased — 1.3%** |  |
| 910 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 58699550 | 526.42 | 04/17/26 | 642606 |
|  | (Cost $1,805,896) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 70888254 |
|  | (Cost $62,751,762) | (Cost $62,751,762) | (Cost $62,751,762) | (Cost $62,751,762) |  |
| **WRITTEN OPTIONS — (38.2)%** | **WRITTEN OPTIONS — (38.2)%** | **WRITTEN OPTIONS — (38.2)%** | **WRITTEN OPTIONS — (38.2)%** | **WRITTEN OPTIONS — (38.2)%** | **WRITTEN OPTIONS — (38.2)%** |
|  | **Call Options Written — (37.6)%** | **Call Options Written — (37.6)%** | **Call Options Written — (37.6)%** | **Call Options Written — (37.6)%** |  |
| (1820) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (117399100)<br>| 559.53 | 04/17/26 | (19391772)<br>|
|  | (Premiums received $12,125,589) |  |  |  |  |
|  | **Put Options Written — (0.6)%** | **Put Options Written — (0.6)%** | **Put Options Written — (0.6)%** | **Put Options Written — (0.6)%** |  |
| (910) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (58699550)<br>| 447.46 | 04/17/26 | (302375)<br>|
|  | (Premiums received $756,049) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (19694147)<br>|
|  | (Premiums received $12,881,638) | (Premiums received $12,881,638) | (Premiums received $12,881,638) | (Premiums received $12,881,638) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (34721)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $51603204 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $443818 | &nbsp;&nbsp; $443818 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 70888254 | &nbsp;&nbsp; — | &nbsp;&nbsp; 70888254 | &nbsp;&nbsp; — |
| Total | $71332072 | &nbsp;&nbsp; $443818 | &nbsp;&nbsp; $70888254 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April (XAPR)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(19694147)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(19694147)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest Nasdaq-100**<sup>®</sup> **Moderate Buffer ETF - May (QMMY)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** |
| 839542 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $839542 |
|  | (Cost $839,542) |  |
|  | **Total Investments — 0.9%** | 839542 |
|  | (Cost $839,542) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 105.7%** | **PURCHASED OPTIONS — 105.7%** | **PURCHASED OPTIONS — 105.7%** | **PURCHASED OPTIONS — 105.7%** | **PURCHASED OPTIONS — 105.7%** | **PURCHASED OPTIONS — 105.7%** |
|  | **Call Options Purchased — 102.5%** | **Call Options Purchased — 102.5%** | **Call Options Purchased — 102.5%** | **Call Options Purchased — 102.5%** |  |
| 1659 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | $94629360 | $5.21 | 05/15/26 | 93521049 |
|  | (Cost $86,223,165) |  |  |  |  |
|  | **Put Options Purchased — 3.2%** | **Put Options Purchased — 3.2%** | **Put Options Purchased — 3.2%** | **Put Options Purchased — 3.2%** |  |
| 1659 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | 94629360 | 521.50 | 05/15/26 | 2939134 |
|  | (Cost $5,797,385) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 96460183 |
|  | (Cost $92,020,550) | (Cost $92,020,550) | (Cost $92,020,550) | (Cost $92,020,550) |  |
| **WRITTEN OPTIONS — (6.5)%** | **WRITTEN OPTIONS — (6.5)%** | **WRITTEN OPTIONS — (6.5)%** | **WRITTEN OPTIONS — (6.5)%** | **WRITTEN OPTIONS — (6.5)%** | **WRITTEN OPTIONS — (6.5)%** |
|  | **Call Options Written — (5.2)%** | **Call Options Written — (5.2)%** | **Call Options Written — (5.2)%** | **Call Options Written — (5.2)%** |  |
| (1659) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (94629360)<br>| 600.77 | 05/15/26 | (4754711)<br>|
|  | (Premiums received $2,797,473) |  |  |  |  |
|  | **Put Options Written — (1.3)%** | **Put Options Written — (1.3)%** | **Put Options Written — (1.3)%** | **Put Options Written — (1.3)%** |  |
| (1659) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (94629360)<br>| 443.27 | 05/15/26 | (1216445)<br>|
|  | (Premiums received $2,926,476) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (5971156)<br>|
|  | (Premiums received $5,723,949) | (Premiums received $5,723,949) | (Premiums received $5,723,949) | (Premiums received $5,723,949) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (66615)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $91261954 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $839542 | &nbsp;&nbsp; $839542 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 96460183 | &nbsp;&nbsp; — | &nbsp;&nbsp; 96460183 | &nbsp;&nbsp; — |
| Total | $97299725 | &nbsp;&nbsp; $839542 | &nbsp;&nbsp; $96460183 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(5971156)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(5971156)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (XMAY)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** |
| 193938 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $193938 |
|  | (Cost $193,938) |  |
|  | **Total Investments — 0.9%** | 193938 |
|  | (Cost $193,938) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 118.5%** | **PURCHASED OPTIONS — 118.5%** | **PURCHASED OPTIONS — 118.5%** | **PURCHASED OPTIONS — 118.5%** | **PURCHASED OPTIONS — 118.5%** | **PURCHASED OPTIONS — 118.5%** |
|  | **Call Options Purchased — 116.0%** | **Call Options Purchased — 116.0%** | **Call Options Purchased — 116.0%** | **Call Options Purchased — 116.0%** |  |
| 357 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $23028285 | $5.95 | 05/15/26 | 22696528 |
| 357 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 23028285 | 594.21 | 05/15/26 | 2875303 |
|  | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | 25571831 |
|  | (Cost $22,591,562) | (Cost $22,591,562) | (Cost $22,591,562) | (Cost $22,591,562) |  |
|  | **Put Options Purchased — 2.5%** | **Put Options Purchased — 2.5%** | **Put Options Purchased — 2.5%** | **Put Options Purchased — 2.5%** |  |
| 357 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 23028285 | 594.21 | 05/15/26 | 561768 |
|  | (Cost $1,178,654) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 26133599 |
|  | (Cost $23,770,216) | (Cost $23,770,216) | (Cost $23,770,216) | (Cost $23,770,216) |  |
| **WRITTEN OPTIONS — (19.3)%** | **WRITTEN OPTIONS — (19.3)%** | **WRITTEN OPTIONS — (19.3)%** | **WRITTEN OPTIONS — (19.3)%** | **WRITTEN OPTIONS — (19.3)%** | **WRITTEN OPTIONS — (19.3)%** |
|  | **Call Options Written — (18.3)%** | **Call Options Written — (18.3)%** | **Call Options Written — (18.3)%** | **Call Options Written — (18.3)%** |  |
| (714) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (46056570)<br>| 625.05 | 05/15/26 | (4032572)<br>|
|  | (Premiums received $2,323,650) |  |  |  |  |
|  | **Put Options Written — (1.0)%** | **Put Options Written — (1.0)%** | **Put Options Written — (1.0)%** | **Put Options Written — (1.0)%** |  |
| (357) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (23028285)<br>| 505.08 | 05/15/26 | (228237)<br>|
|  | (Premiums received $472,048) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (4260809)<br>|
|  | (Premiums received $2,795,698) | (Premiums received $2,795,698) | (Premiums received $2,795,698) | (Premiums received $2,795,698) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (14950)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $22051778 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $193938 | &nbsp;&nbsp; $193938 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 26133599 | &nbsp;&nbsp; — | &nbsp;&nbsp; 26133599 | &nbsp;&nbsp; — |
| Total | $26327537 | &nbsp;&nbsp; $193938 | &nbsp;&nbsp; $26133599 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (XMAY)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(4260809)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(4260809)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest International Equity Moderate Buffer ETF - June (YJUN)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** |
| 1810074 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $1810074 |
|  | (Cost $1,810,074) |  |
|  | **Total Investments — 1.1%** | 1810074 |
|  | (Cost $1,810,074) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 102.6%** | **PURCHASED OPTIONS — 102.6%** | **PURCHASED OPTIONS — 102.6%** | **PURCHASED OPTIONS — 102.6%** | **PURCHASED OPTIONS — 102.6%** | **PURCHASED OPTIONS — 102.6%** |
|  | **Call Options Purchased — 99.7%** | **Call Options Purchased — 99.7%** | **Call Options Purchased — 99.7%** | **Call Options Purchased — 99.7%** |  |
| 18786 | iShares MSCI EAFE ETF  | $171854328 | $0.86 | 06/18/26 | 166668640 |
|  | (Cost $158,426,185) |  |  |  |  |
|  | **Put Options Purchased — 2.9%** | **Put Options Purchased — 2.9%** | **Put Options Purchased — 2.9%** | **Put Options Purchased — 2.9%** |  |
| 18786 | iShares MSCI EAFE ETF  | 171854328 | 86.33 | 06/18/26 | 4873840 |
|  | (Cost $8,224,693) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 171542480 |
|  | (Cost $166,650,878) | (Cost $166,650,878) | (Cost $166,650,878) | (Cost $166,650,878) |  |
| **WRITTEN OPTIONS — (3.6)%** | **WRITTEN OPTIONS — (3.6)%** | **WRITTEN OPTIONS — (3.6)%** | **WRITTEN OPTIONS — (3.6)%** | **WRITTEN OPTIONS — (3.6)%** | **WRITTEN OPTIONS — (3.6)%** |
|  | **Call Options Written — (2.5)%** | **Call Options Written — (2.5)%** | **Call Options Written — (2.5)%** | **Call Options Written — (2.5)%** |  |
| (18786) | iShares MSCI EAFE ETF  | (171854328)<br>| 97.50 | 06/18/26 | (4274754)<br>|
|  | (Premiums received $2,669,029) |  |  |  |  |
|  | **Put Options Written — (1.1)%** | **Put Options Written — (1.1)%** | **Put Options Written — (1.1)%** | **Put Options Written — (1.1)%** |  |
| (18786) | iShares MSCI EAFE ETF  | (171854328)<br>| 73.38 | 06/18/26 | (1804583)<br>|
|  | (Premiums received $2,742,969) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (6079337)<br>|
|  | (Premiums received $5,411,998) | (Premiums received $5,411,998) | (Premiums received $5,411,998) | (Premiums received $5,411,998) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (126642)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $167146575 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $1810074 | &nbsp;&nbsp; $1810074 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 171542480 | &nbsp;&nbsp; — | &nbsp;&nbsp; 171542480 | &nbsp;&nbsp; — |
| Total | $173352554 | &nbsp;&nbsp; $1810074 | &nbsp;&nbsp; $171542480 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(6079337)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(6079337)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest Nasdaq-100**<sup>®</sup> **Buffer ETF - June (QJUN)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.0%** | **MONEY MARKET FUNDS — 1.0%** | **MONEY MARKET FUNDS — 1.0%** |
| 6207436 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $6207436 |
|  | (Cost $6,207,436) |  |
|  | **Total Investments — 1.0%** | 6207436 |
|  | (Cost $6,207,436) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 105.3%** | **PURCHASED OPTIONS — 105.3%** | **PURCHASED OPTIONS — 105.3%** | **PURCHASED OPTIONS — 105.3%** | **PURCHASED OPTIONS — 105.3%** | **PURCHASED OPTIONS — 105.3%** |
|  | **Call Options Purchased — 101.6%** | **Call Options Purchased — 101.6%** | **Call Options Purchased — 101.6%** | **Call Options Purchased — 101.6%** |  |
| 11371 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | $648601840 | $5.26 | 06/18/26 | 641051496 |
|  | (Cost $595,377,728) |  |  |  |  |
|  | **Put Options Purchased — 3.7%** | **Put Options Purchased — 3.7%** | **Put Options Purchased — 3.7%** | **Put Options Purchased — 3.7%** |  |
| 11371 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | 648601840 | 526.82 | 06/18/26 | 23390147 |
|  | (Cost $41,131,195) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 664441643 |
|  | (Cost $636,508,923) | (Cost $636,508,923) | (Cost $636,508,923) | (Cost $636,508,923) |  |
| **WRITTEN OPTIONS — (6.2)%** | **WRITTEN OPTIONS — (6.2)%** | **WRITTEN OPTIONS — (6.2)%** | **WRITTEN OPTIONS — (6.2)%** | **WRITTEN OPTIONS — (6.2)%** | **WRITTEN OPTIONS — (6.2)%** |
|  | **Call Options Written — (4.1)%** | **Call Options Written — (4.1)%** | **Call Options Written — (4.1)%** | **Call Options Written — (4.1)%** |  |
| (11371) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (648601840)<br>| 622.76 | 06/18/26 | (25709831)<br>|
|  | (Premiums received $16,770,434) |  |  |  |  |
|  | **Put Options Written — (2.1)%** | **Put Options Written — (2.1)%** | **Put Options Written — (2.1)%** | **Put Options Written — (2.1)%** |  |
| (11371) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (648601840)<br>| 474.14 | 06/18/26 | (13304070)<br>|
|  | (Premiums received $23,952,296) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (39013901)<br>|
|  | (Premiums received $40,722,730) | (Premiums received $40,722,730) | (Premiums received $40,722,730) | (Premiums received $40,722,730) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (467862)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $631167316 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $6207436 | &nbsp;&nbsp; $6207436 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 664441643 | &nbsp;&nbsp; — | &nbsp;&nbsp; 664441643 | &nbsp;&nbsp; — |
| Total | $670649079 | &nbsp;&nbsp; $6207436 | &nbsp;&nbsp; $664441643 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(39013901)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(39013901)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June (XJUN)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.0%** | **MONEY MARKET FUNDS — 1.0%** | **MONEY MARKET FUNDS — 1.0%** |
| 1421830 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $1421830 |
|  | (Cost $1,421,830) |  |
|  | **Total Investments — 1.0%** | 1421830 |
|  | (Cost $1,421,830) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 119.5%** | **PURCHASED OPTIONS — 119.5%** | **PURCHASED OPTIONS — 119.5%** | **PURCHASED OPTIONS — 119.5%** | **PURCHASED OPTIONS — 119.5%** | **PURCHASED OPTIONS — 119.5%** |
|  | **Call Options Purchased — 116.6%** | **Call Options Purchased — 116.6%** | **Call Options Purchased — 116.6%** | **Call Options Purchased — 116.6%** |  |
| 2363 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $152425315 | $5.95 | 06/18/26 | 149919188 |
| 2363 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 152425315 | 594.29 | 06/18/26 | 19632608 |
|  | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | 169551796 |
|  | (Cost $150,410,609) | (Cost $150,410,609) | (Cost $150,410,609) | (Cost $150,410,609) |  |
|  | **Put Options Purchased — 2.9%** | **Put Options Purchased — 2.9%** | **Put Options Purchased — 2.9%** | **Put Options Purchased — 2.9%** |  |
| 2363 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 152425315 | 594.29 | 06/18/26 | 4161597 |
|  | (Cost $7,866,886) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 173713393 |
|  | (Cost $158,277,495) | (Cost $158,277,495) | (Cost $158,277,495) | (Cost $158,277,495) |  |
| **WRITTEN OPTIONS — (20.4)%** | **WRITTEN OPTIONS — (20.4)%** | **WRITTEN OPTIONS — (20.4)%** | **WRITTEN OPTIONS — (20.4)%** | **WRITTEN OPTIONS — (20.4)%** | **WRITTEN OPTIONS — (20.4)%** |
|  | **Call Options Written — (19.2)%** | **Call Options Written — (19.2)%** | **Call Options Written — (19.2)%** | **Call Options Written — (19.2)%** |  |
| (4726) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (304850630)<br>| 625.73 | 06/18/26 | (27866717)<br>|
|  | (Premiums received $15,901,223) |  |  |  |  |
|  | **Put Options Written — (1.2)%** | **Put Options Written — (1.2)%** | **Put Options Written — (1.2)%** | **Put Options Written — (1.2)%** |  |
| (2363) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (152425315)<br>| 505.15 | 06/18/26 | (1757434)<br>|
|  | (Premiums received $3,385,296) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (29624151)<br>|
|  | (Premiums received $19,286,519) | (Premiums received $19,286,519) | (Premiums received $19,286,519) | (Premiums received $19,286,519) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (99190)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $145411882 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $1421830 | &nbsp;&nbsp; $1421830 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 173713393 | &nbsp;&nbsp; — | &nbsp;&nbsp; 173713393 | &nbsp;&nbsp; — |
| Total | $175135223 | &nbsp;&nbsp; $1421830 | &nbsp;&nbsp; $173713393 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June (XJUN)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(29624151)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(29624151)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest Nasdaq-100**<sup>®</sup> **Conservative Buffer ETF - July (QCJL)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** |
| 877514 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $877514 |
|  | (Cost $877,514) |  |
|  | **Total Investments — 1.1%** | 877514 |
|  | (Cost $877,514) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 104.6%** | **PURCHASED OPTIONS — 104.6%** | **PURCHASED OPTIONS — 104.6%** | **PURCHASED OPTIONS — 104.6%** | **PURCHASED OPTIONS — 104.6%** | **PURCHASED OPTIONS — 104.6%** |
|  | **Call Options Purchased — 99.1%** | **Call Options Purchased — 99.1%** | **Call Options Purchased — 99.1%** | **Call Options Purchased — 99.1%** |  |
| 1388 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | $79171520 | $5.60 | 07/17/26 | 78126273 |
|  | (Cost $76,929,374) |  |  |  |  |
|  | **Put Options Purchased — 5.5%** | **Put Options Purchased — 5.5%** | **Put Options Purchased — 5.5%** | **Put Options Purchased — 5.5%** |  |
| 1388 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | 79171520 | 561.25 | 07/17/26 | 4316791 |
|  | (Cost $5,101,831) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 82443064 |
|  | (Cost $82,031,205) | (Cost $82,031,205) | (Cost $82,031,205) | (Cost $82,031,205) |  |
| **WRITTEN OPTIONS — (5.6)%** | **WRITTEN OPTIONS — (5.6)%** | **WRITTEN OPTIONS — (5.6)%** | **WRITTEN OPTIONS — (5.6)%** | **WRITTEN OPTIONS — (5.6)%** | **WRITTEN OPTIONS — (5.6)%** |
|  | **Call Options Written — (3.9)%** | **Call Options Written — (3.9)%** | **Call Options Written — (3.9)%** | **Call Options Written — (3.9)%** |  |
| (1388) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (79171520)<br>| 628.94 | 07/17/26 | (3114631)<br>|
|  | (Premiums received $3,207,271) |  |  |  |  |
|  | **Put Options Written — (1.7)%** | **Put Options Written — (1.7)%** | **Put Options Written — (1.7)%** | **Put Options Written — (1.7)%** |  |
| (1388) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (79171520)<br>| 449.00 | 07/17/26 | (1350829)<br>|
|  | (Premiums received $1,670,854) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (4465460)<br>|
|  | (Premiums received $4,878,125) | (Premiums received $4,878,125) | (Premiums received $4,878,125) | (Premiums received $4,878,125) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (55632)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $78799486 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $877514 | &nbsp;&nbsp; $877514 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 82443064 | &nbsp;&nbsp; — | &nbsp;&nbsp; 82443064 | &nbsp;&nbsp; — |
| Total | $83320578 | &nbsp;&nbsp; $877514 | &nbsp;&nbsp; $82443064 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(4465460)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(4465460)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July (XJUL)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** |
| 537961 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $537961 |
|  | (Cost $537,961) |  |
|  | **Total Investments — 1.1%** | 537961 |
|  | (Cost $537,961) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 112.9%** | **PURCHASED OPTIONS — 112.9%** | **PURCHASED OPTIONS — 112.9%** | **PURCHASED OPTIONS — 112.9%** | **PURCHASED OPTIONS — 112.9%** | **PURCHASED OPTIONS — 112.9%** |
|  | **Call Options Purchased — 108.9%** | **Call Options Purchased — 108.9%** | **Call Options Purchased — 108.9%** | **Call Options Purchased — 108.9%** |  |
| 743 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $47927215 | $6.29 | 07/17/26 | 47127100 |
| 743 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 47927215 | 627.59 | 07/17/26 | 4510701 |
|  | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | 51637801 |
|  | (Cost $49,501,161) | (Cost $49,501,161) | (Cost $49,501,161) | (Cost $49,501,161) |  |
|  | **Put Options Purchased — 4.0%** | **Put Options Purchased — 4.0%** | **Put Options Purchased — 4.0%** | **Put Options Purchased — 4.0%** |  |
| 743 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 47927215 | 627.59 | 07/17/26 | 1901902 |
|  | (Cost $2,500,372) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 53539703 |
|  | (Cost $52,001,533) | (Cost $52,001,533) | (Cost $52,001,533) | (Cost $52,001,533) |  |
| **WRITTEN OPTIONS — (13.9)%** | **WRITTEN OPTIONS — (13.9)%** | **WRITTEN OPTIONS — (13.9)%** | **WRITTEN OPTIONS — (13.9)%** | **WRITTEN OPTIONS — (13.9)%** | **WRITTEN OPTIONS — (13.9)%** |
|  | **Call Options Written — (12.3)%** | **Call Options Written — (12.3)%** | **Call Options Written — (12.3)%** | **Call Options Written — (12.3)%** |  |
| (1486) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (95854430)<br>| 659.28 | 07/17/26 | (5831510)<br>|
|  | (Premiums received $4,817,489) |  |  |  |  |
|  | **Put Options Written — (1.6)%** | **Put Options Written — (1.6)%** | **Put Options Written — (1.6)%** | **Put Options Written — (1.6)%** |  |
| (743) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (47927215)<br>| 533.45 | 07/17/26 | (789519)<br>|
|  | (Premiums received $1,057,458) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (6621029)<br>|
|  | (Premiums received $5,874,947) | (Premiums received $5,874,947) | (Premiums received $5,874,947) | (Premiums received $5,874,947) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (31896)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $47424739 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $537961 | &nbsp;&nbsp; $537961 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 53539703 | &nbsp;&nbsp; — | &nbsp;&nbsp; 53539703 | &nbsp;&nbsp; — |
| Total | $54077664 | &nbsp;&nbsp; $537961 | &nbsp;&nbsp; $53539703 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July (XJUL)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(6621029)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(6621029)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest Nasdaq-100**<sup>®</sup> **Moderate Buffer ETF - August (QMAG)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** |
| 517687 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $517687 |
|  | (Cost $517,687) |  |
|  | **Total Investments — 1.1%** | 517687 |
|  | (Cost $517,687) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 104.6%** | **PURCHASED OPTIONS — 104.6%** | **PURCHASED OPTIONS — 104.6%** | **PURCHASED OPTIONS — 104.6%** | **PURCHASED OPTIONS — 104.6%** | **PURCHASED OPTIONS — 104.6%** |
|  | **Call Options Purchased — 97.8%** | **Call Options Purchased — 97.8%** | **Call Options Purchased — 97.8%** | **Call Options Purchased — 97.8%** |  |
| 846 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | $48255840 | $5.76 | 08/21/26 | 47623878 |
|  | (Cost $47,881,056) |  |  |  |  |
|  | **Put Options Purchased — 6.8%** | **Put Options Purchased — 6.8%** | **Put Options Purchased — 6.8%** | **Put Options Purchased — 6.8%** |  |
| 846 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | 48255840 | 577.33 | 08/21/26 | 3277404 |
|  | (Cost $3,208,867) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 50901282 |
|  | (Cost $51,089,923) | (Cost $51,089,923) | (Cost $51,089,923) | (Cost $51,089,923) |  |
| **WRITTEN OPTIONS — (5.7)%** | **WRITTEN OPTIONS — (5.7)%** | **WRITTEN OPTIONS — (5.7)%** | **WRITTEN OPTIONS — (5.7)%** | **WRITTEN OPTIONS — (5.7)%** | **WRITTEN OPTIONS — (5.7)%** |
|  | **Call Options Written — (2.8)%** | **Call Options Written — (2.8)%** | **Call Options Written — (2.8)%** | **Call Options Written — (2.8)%** |  |
| (846) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (48255840)<br>| 657.81 | 08/21/26 | (1357830)<br>|
|  | (Premiums received $1,494,282) |  |  |  |  |
|  | **Put Options Written — (2.9)%** | **Put Options Written — (2.9)%** | **Put Options Written — (2.9)%** | **Put Options Written — (2.9)%** |  |
| (846) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (48255840)<br>| 490.73 | 08/21/26 | (1396746)<br>|
|  | (Premiums received $1,386,870) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (2754576)<br>|
|  | (Premiums received $2,881,152) | (Premiums received $2,881,152) | (Premiums received $2,881,152) | (Premiums received $2,881,152) |  |
|  | **Net Other Assets and Liabilities — 0.0%** | **Net Other Assets and Liabilities — 0.0%** | **Net Other Assets and Liabilities — 0.0%** | **Net Other Assets and Liabilities — 0.0%** | 21898 |
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $48686291 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $517687 | &nbsp;&nbsp; $517687 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 50901282 | &nbsp;&nbsp; — | &nbsp;&nbsp; 50901282 | &nbsp;&nbsp; — |
| Total | $51418969 | &nbsp;&nbsp; $517687 | &nbsp;&nbsp; $50901282 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(2754576)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(2754576)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August (XAUG)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.2%** | **MONEY MARKET FUNDS — 1.2%** | **MONEY MARKET FUNDS — 1.2%** |
| 361637 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $361637 |
|  | (Cost $361,637) |  |
|  | **Total Investments — 1.2%** | 361637 |
|  | (Cost $361,637) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 111.3%** | **PURCHASED OPTIONS — 111.3%** | **PURCHASED OPTIONS — 111.3%** | **PURCHASED OPTIONS — 111.3%** | **PURCHASED OPTIONS — 111.3%** | **PURCHASED OPTIONS — 111.3%** |
|  | **Call Options Purchased — 106.5%** | **Call Options Purchased — 106.5%** | **Call Options Purchased — 106.5%** | **Call Options Purchased — 106.5%** |  |
| 463 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $29865815 | $6.44 | 08/21/26 | 29382221 |
| 463 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 29865815 | 643.45 | 08/21/26 | 2475545 |
|  | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | 31857766 |
|  | (Cost $31,521,667) | (Cost $31,521,667) | (Cost $31,521,667) | (Cost $31,521,667) |  |
|  | **Put Options Purchased — 4.8%** | **Put Options Purchased — 4.8%** | **Put Options Purchased — 4.8%** | **Put Options Purchased — 4.8%** |  |
| 463 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 29865815 | 643.45 | 08/21/26 | 1440939 |
|  | (Cost $1,580,021) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 33298705 |
|  | (Cost $33,101,688) | (Cost $33,101,688) | (Cost $33,101,688) | (Cost $33,101,688) |  |
| **WRITTEN OPTIONS — (12.4)%** | **WRITTEN OPTIONS — (12.4)%** | **WRITTEN OPTIONS — (12.4)%** | **WRITTEN OPTIONS — (12.4)%** | **WRITTEN OPTIONS — (12.4)%** | **WRITTEN OPTIONS — (12.4)%** |
|  | **Call Options Written — (10.4)%** | **Call Options Written — (10.4)%** | **Call Options Written — (10.4)%** | **Call Options Written — (10.4)%** |  |
| (926) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (59731630)<br>| 675.69 | 08/21/26 | (3096359)<br>|
|  | (Premiums received $2,965,373) |  |  |  |  |
|  | **Put Options Written — (2.0)%** | **Put Options Written — (2.0)%** | **Put Options Written — (2.0)%** | **Put Options Written — (2.0)%** |  |
| (463) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (29865815)<br>| 546.93 | 08/21/26 | (609474)<br>|
|  | (Premiums received $665,956) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (3705833)<br>|
|  | (Premiums received $3,631,329) | (Premiums received $3,631,329) | (Premiums received $3,631,329) | (Premiums received $3,631,329) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (18571)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $29935938 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $361637 | &nbsp;&nbsp; $361637 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 33298705 | &nbsp;&nbsp; — | &nbsp;&nbsp; 33298705 | &nbsp;&nbsp; — |
| Total | $33660342 | &nbsp;&nbsp; $361637 | &nbsp;&nbsp; $33298705 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August (XAUG)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(3705833)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(3705833)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest International Equity Moderate Buffer ETF - September (YSEP)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** |
| 351958 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $351958 |
|  | (Cost $351,958) |  |
|  | **Total Investments — 0.4%** | 351958 |
|  | (Cost $351,958) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 100.1%** | **PURCHASED OPTIONS — 100.1%** | **PURCHASED OPTIONS — 100.1%** | **PURCHASED OPTIONS — 100.1%** | **PURCHASED OPTIONS — 100.1%** | **PURCHASED OPTIONS — 100.1%** |
|  | **Call Options Purchased — 100.1%** | **Call Options Purchased — 100.1%** | **Call Options Purchased — 100.1%** | **Call Options Purchased — 100.1%** |  |
| 10450 | iShares MSCI EAFE ETF  | $95596600 | $0.82 | 09/19/25 | 94739073 |
|  | (Cost $83,115,943) |  |  |  |  |
|  | **Put Options Purchased — 0.0%** | **Put Options Purchased — 0.0%** | **Put Options Purchased — 0.0%** | **Put Options Purchased — 0.0%** |  |
| 10450 | iShares MSCI EAFE ETF  | 95596600 | 82.26 | 09/19/25 | 63118 |
|  | (Cost $4,760,928) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 94802191 |
|  | (Cost $87,876,871) | (Cost $87,876,871) | (Cost $87,876,871) | (Cost $87,876,871) |  |
| **WRITTEN OPTIONS — (0.4)%** | **WRITTEN OPTIONS — (0.4)%** | **WRITTEN OPTIONS — (0.4)%** | **WRITTEN OPTIONS — (0.4)%** | **WRITTEN OPTIONS — (0.4)%** | **WRITTEN OPTIONS — (0.4)%** |
|  | **Call Options Written — (0.4)%** | **Call Options Written — (0.4)%** | **Call Options Written — (0.4)%** | **Call Options Written — (0.4)%** |  |
| (10450) | iShares MSCI EAFE ETF  | (95596600)<br>| 93.34 | 09/19/25 | (414133)<br>|
|  | (Premiums received $588,144) |  |  |  |  |
|  | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** |  |
| (10450) | iShares MSCI EAFE ETF  | (95596600)<br>| 69.92 | 09/19/25 | (9092)<br>|
|  | (Premiums received $991,039) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (423225)<br>|
|  | (Premiums received $1,579,183) | (Premiums received $1,579,183) | (Premiums received $1,579,183) | (Premiums received $1,579,183) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (71296)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $94659628 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $351958 | &nbsp;&nbsp; $351958 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 94802191 | &nbsp;&nbsp; — | &nbsp;&nbsp; 94802191 | &nbsp;&nbsp; — |
| Total | $95154149 | &nbsp;&nbsp; $351958 | &nbsp;&nbsp; $94802191 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(423225)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(423225)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest Nasdaq-100**<sup>®</sup> **Buffer ETF - September (QSPT)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** |
| 1171982 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $1171982 |
|  | (Cost $1,171,982) |  |
|  | **Total Investments — 0.3%** | 1171982 |
|  | (Cost $1,171,982) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 102.1%** | **PURCHASED OPTIONS — 102.1%** | **PURCHASED OPTIONS — 102.1%** | **PURCHASED OPTIONS — 102.1%** | **PURCHASED OPTIONS — 102.1%** | **PURCHASED OPTIONS — 102.1%** |
|  | **Call Options Purchased — 102.0%** | **Call Options Purchased — 102.0%** | **Call Options Purchased — 102.0%** | **Call Options Purchased — 102.0%** |  |
| 7352 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | $419358080 | $4.81 | 09/19/25 | 415792360 |
|  | (Cost $351,906,253) |  |  |  |  |
|  | **Put Options Purchased — 0.1%** | **Put Options Purchased — 0.1%** | **Put Options Purchased — 0.1%** | **Put Options Purchased — 0.1%** |  |
| 7352 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | 419358080 | 482.43 | 09/19/25 | 279376 |
|  | (Cost $24,894,578) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 416071736 |
|  | (Cost $376,800,831) | (Cost $376,800,831) | (Cost $376,800,831) | (Cost $376,800,831) |  |
| **WRITTEN OPTIONS — (2.3)%** | **WRITTEN OPTIONS — (2.3)%** | **WRITTEN OPTIONS — (2.3)%** | **WRITTEN OPTIONS — (2.3)%** | **WRITTEN OPTIONS — (2.3)%** | **WRITTEN OPTIONS — (2.3)%** |
|  | **Call Options Written — (2.3)%** | **Call Options Written — (2.3)%** | **Call Options Written — (2.3)%** | **Call Options Written — (2.3)%** |  |
| (7352) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (419358080)<br>| 566.09 | 09/19/25 | (9270872)<br>|
|  | (Premiums received $7,696,907) |  |  |  |  |
|  | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** |  |
| (7352) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (419358080)<br>| 434.19 | 09/19/25 | (102928)<br>|
|  | (Premiums received $12,018,686) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (9373800)<br>|
|  | (Premiums received $19,715,593) | (Premiums received $19,715,593) | (Premiums received $19,715,593) | (Premiums received $19,715,593) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (282010)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $407587908 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $1171982 | &nbsp;&nbsp; $1171982 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 416071736 | &nbsp;&nbsp; — | &nbsp;&nbsp; 416071736 | &nbsp;&nbsp; — |
| Total | $417243718 | &nbsp;&nbsp; $1171982 | &nbsp;&nbsp; $416071736 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(9373800)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(9373800)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September (XSEP)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** |
| 447879 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $447879 |
|  | (Cost $447,879) |  |
|  | **Total Investments — 0.3%** | 447879 |
|  | (Cost $447,879) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 116.2%** | **PURCHASED OPTIONS — 116.2%** | **PURCHASED OPTIONS — 116.2%** | **PURCHASED OPTIONS — 116.2%** | **PURCHASED OPTIONS — 116.2%** | **PURCHASED OPTIONS — 116.2%** |
|  | **Call Options Purchased — 116.1%** | **Call Options Purchased — 116.1%** | **Call Options Purchased — 116.1%** | **Call Options Purchased — 116.1%** |  |
| 2069 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $133460845 | $5.69 | 09/19/25 | 131904957 |
| 2069 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 133460845 | 568.26 | 09/19/25 | 15891989 |
|  | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | 147796946 |
|  | (Cost $124,168,756) | (Cost $124,168,756) | (Cost $124,168,756) | (Cost $124,168,756) |  |
|  | **Put Options Purchased — 0.1%** | **Put Options Purchased — 0.1%** | **Put Options Purchased — 0.1%** | **Put Options Purchased — 0.1%** |  |
| 2069 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 133460845 | 568.26 | 09/19/25 | 93105 |
|  | (Cost $6,067,260) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 147890051 |
|  | (Cost $130,236,016) | (Cost $130,236,016) | (Cost $130,236,016) | (Cost $130,236,016) |  |
| **WRITTEN OPTIONS — (16.4)%** | **WRITTEN OPTIONS — (16.4)%** | **WRITTEN OPTIONS — (16.4)%** | **WRITTEN OPTIONS — (16.4)%** | **WRITTEN OPTIONS — (16.4)%** | **WRITTEN OPTIONS — (16.4)%** |
|  | **Call Options Written — (16.4)%** | **Call Options Written — (16.4)%** | **Call Options Written — (16.4)%** | **Call Options Written — (16.4)%** |  |
| (4138) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (266921690)<br>| 595.02 | 09/19/25 | (20892762)<br>|
|  | (Premiums received $9,966,685) |  |  |  |  |
|  | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** |  |
| (2069) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (133460845)<br>| 483.02 | 09/19/25 | (24828)<br>|
|  | (Premiums received $1,365,872) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (20917590)<br>|
|  | (Premiums received $11,332,557) | (Premiums received $11,332,557) | (Premiums received $11,332,557) | (Premiums received $11,332,557) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (97064)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $127323276 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $447879 | &nbsp;&nbsp; $447879 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 147890051 | &nbsp;&nbsp; — | &nbsp;&nbsp; 147890051 | &nbsp;&nbsp; — |
| Total | $148337930 | &nbsp;&nbsp; $447879 | &nbsp;&nbsp; $147890051 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September (XSEP)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(20917590)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(20917590)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest Nasdaq-100**<sup>®</sup> **Conservative Buffer ETF - October (QCOC)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** |
| 128332 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $128332 |
|  | (Cost $128,332) |  |
|  | **Total Investments — 0.4%** | 128332 |
|  | (Cost $128,332) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 104.5%** | **PURCHASED OPTIONS — 104.5%** | **PURCHASED OPTIONS — 104.5%** | **PURCHASED OPTIONS — 104.5%** | **PURCHASED OPTIONS — 104.5%** | **PURCHASED OPTIONS — 104.5%** |
|  | **Call Options Purchased — 104.1%** | **Call Options Purchased — 104.1%** | **Call Options Purchased — 104.1%** | **Call Options Purchased — 104.1%** |  |
| 660 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | $37646400 | $4.93 | 10/17/25 | 37267989 |
|  | (Cost $32,655,242) |  |  |  |  |
|  | **Put Options Purchased — 0.4%** | **Put Options Purchased — 0.4%** | **Put Options Purchased — 0.4%** | **Put Options Purchased — 0.4%** |  |
| 660 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | 37646400 | 494.46 | 10/17/25 | 123084 |
|  | (Cost $2,189,082) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 37391073 |
|  | (Cost $34,844,324) | (Cost $34,844,324) | (Cost $34,844,324) | (Cost $34,844,324) |  |
| **WRITTEN OPTIONS — (4.8)%** | **WRITTEN OPTIONS — (4.8)%** | **WRITTEN OPTIONS — (4.8)%** | **WRITTEN OPTIONS — (4.8)%** | **WRITTEN OPTIONS — (4.8)%** | **WRITTEN OPTIONS — (4.8)%** |
|  | **Call Options Written — (4.7)%** | **Call Options Written — (4.7)%** | **Call Options Written — (4.7)%** | **Call Options Written — (4.7)%** |  |
| (660) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (37646400)<br>| 556.27 | 10/17/25 | (1677799)<br>|
|  | (Premiums received $1,211,343) |  |  |  |  |
|  | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** |  |
| (660) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (37646400)<br>| 395.57 | 10/17/25 | (21127)<br>|
|  | (Premiums received $538,884) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (1698926)<br>|
|  | (Premiums received $1,750,227) | (Premiums received $1,750,227) | (Premiums received $1,750,227) | (Premiums received $1,750,227) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (28080)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $35792399 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $128332 | &nbsp;&nbsp; $128332 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 37391073 | &nbsp;&nbsp; — | &nbsp;&nbsp; 37391073 | &nbsp;&nbsp; — |
| Total | $37519405 | &nbsp;&nbsp; $128332 | &nbsp;&nbsp; $37391073 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(1698926)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(1698926)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October (XOCT)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** |
| 466521 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $466521 |
|  | (Cost $466,521) |  |
|  | **Total Investments — 0.4%** | 466521 |
|  | (Cost $466,521) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 112.0%** | **PURCHASED OPTIONS — 112.0%** | **PURCHASED OPTIONS — 112.0%** | **PURCHASED OPTIONS — 112.0%** | **PURCHASED OPTIONS — 112.0%** | **PURCHASED OPTIONS — 112.0%** |
|  | **Call Options Purchased — 111.6%** | **Call Options Purchased — 111.6%** | **Call Options Purchased — 111.6%** | **Call Options Purchased — 111.6%** |  |
| 1859 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $119914795 | $5.86 | 10/17/25 | 118519392 |
| 1859 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 119914795 | 584.60 | 10/17/25 | 11979861 |
|  | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | 130499253 |
|  | (Cost $114,288,450) | (Cost $114,288,450) | (Cost $114,288,450) | (Cost $114,288,450) |  |
|  | **Put Options Purchased — 0.4%** | **Put Options Purchased — 0.4%** | **Put Options Purchased — 0.4%** | **Put Options Purchased — 0.4%** |  |
| 1859 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 119914795 | 584.60 | 10/17/25 | 406954 |
|  | (Cost $5,149,636) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 130906207 |
|  | (Cost $119,438,086) | (Cost $119,438,086) | (Cost $119,438,086) | (Cost $119,438,086) |  |
| **WRITTEN OPTIONS — (12.3)%** | **WRITTEN OPTIONS — (12.3)%** | **WRITTEN OPTIONS — (12.3)%** | **WRITTEN OPTIONS — (12.3)%** | **WRITTEN OPTIONS — (12.3)%** | **WRITTEN OPTIONS — (12.3)%** |
|  | **Call Options Written — (12.2)%** | **Call Options Written — (12.2)%** | **Call Options Written — (12.2)%** | **Call Options Written — (12.2)%** |  |
| (3718) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (239829590)<br>| 612.89 | 10/17/25 | (14300135)<br>|
|  | (Premiums received $8,090,396) |  |  |  |  |
|  | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** |  |
| (1859) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (119914795)<br>| 496.91 | 10/17/25 | (100237)<br>|
|  | (Premiums received $1,664,647) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (14400372)<br>|
|  | (Premiums received $9,755,043) | (Premiums received $9,755,043) | (Premiums received $9,755,043) | (Premiums received $9,755,043) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (82546)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $116889810 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $466521 | &nbsp;&nbsp; $466521 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 130906207 | &nbsp;&nbsp; — | &nbsp;&nbsp; 130906207 | &nbsp;&nbsp; — |
| Total | $131372728 | &nbsp;&nbsp; $466521 | &nbsp;&nbsp; $130906207 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October (XOCT)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(14400372)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(14400372)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest Nasdaq-100**<sup>®</sup> **Moderate Buffer ETF - November (QMNV)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** |
| 147602 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $147602 |
|  | (Cost $147,602) |  |
|  | **Total Investments — 0.5%** | 147602 |
|  | (Cost $147,602) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 103.8%** | **PURCHASED OPTIONS — 103.8%** | **PURCHASED OPTIONS — 103.8%** | **PURCHASED OPTIONS — 103.8%** | **PURCHASED OPTIONS — 103.8%** | **PURCHASED OPTIONS — 103.8%** |
|  | **Call Options Purchased — 103.0%** | **Call Options Purchased — 103.0%** | **Call Options Purchased — 103.0%** | **Call Options Purchased — 103.0%** |  |
| 620 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | $35364800 | $4.96 | 11/21/25 | 35009143 |
|  | (Cost $31,590,124) |  |  |  |  |
|  | **Put Options Purchased — 0.8%** | **Put Options Purchased — 0.8%** | **Put Options Purchased — 0.8%** | **Put Options Purchased — 0.8%** |  |
| 620 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | 35364800 | 496.56 | 11/21/25 | 263432 |
|  | (Cost $2,012,577) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 35272575 |
|  | (Cost $33,602,701) | (Cost $33,602,701) | (Cost $33,602,701) | (Cost $33,602,701) |  |
| **WRITTEN OPTIONS — (4.2)%** | **WRITTEN OPTIONS — (4.2)%** | **WRITTEN OPTIONS — (4.2)%** | **WRITTEN OPTIONS — (4.2)%** | **WRITTEN OPTIONS — (4.2)%** | **WRITTEN OPTIONS — (4.2)%** |
|  | **Call Options Written — (4.0)%** | **Call Options Written — (4.0)%** | **Call Options Written — (4.0)%** | **Call Options Written — (4.0)%** |  |
| (620) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (35364800)<br>| 571.49 | 11/21/25 | (1346503)<br>|
|  | (Premiums received $813,196) |  |  |  |  |
|  | **Put Options Written — (0.2)%** | **Put Options Written — (0.2)%** | **Put Options Written — (0.2)%** | **Put Options Written — (0.2)%** |  |
| (620) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (35364800)<br>| 422.07 | 11/21/25 | (78201)<br>|
|  | (Premiums received $621,132) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (1424704)<br>|
|  | (Premiums received $1,434,328) | (Premiums received $1,434,328) | (Premiums received $1,434,328) | (Premiums received $1,434,328) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (25479)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $33969994 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $147602 | &nbsp;&nbsp; $147602 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 35272575 | &nbsp;&nbsp; — | &nbsp;&nbsp; 35272575 | &nbsp;&nbsp; — |
| Total | $35420177 | &nbsp;&nbsp; $147602 | &nbsp;&nbsp; $35272575 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(1424704)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(1424704)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November (XNOV)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** |
| 118046 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $118046 |
|  | (Cost $118,046) |  |
|  | **Total Investments — 0.5%** | 118046 |
|  | (Cost $118,046) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 113.3%** | **PURCHASED OPTIONS — 113.3%** | **PURCHASED OPTIONS — 113.3%** | **PURCHASED OPTIONS — 113.3%** | **PURCHASED OPTIONS — 113.3%** | **PURCHASED OPTIONS — 113.3%** |
|  | **Call Options Purchased — 112.6%** | **Call Options Purchased — 112.6%** | **Call Options Purchased — 112.6%** | **Call Options Purchased — 112.6%** |  |
| 405 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $26124525 | $5.87 | 11/21/25 | 25818693 |
| 405 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 26124525 | 585.76 | 11/21/25 | 2764943 |
|  | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | 28583636 |
|  | (Cost $24,998,457) | (Cost $24,998,457) | (Cost $24,998,457) | (Cost $24,998,457) |  |
|  | **Put Options Purchased — 0.7%** | **Put Options Purchased — 0.7%** | **Put Options Purchased — 0.7%** | **Put Options Purchased — 0.7%** |  |
| 405 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 26124525 | 585.76 | 11/21/25 | 191800 |
|  | (Cost $1,427,321) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 28775436 |
|  | (Cost $26,425,778) | (Cost $26,425,778) | (Cost $26,425,778) | (Cost $26,425,778) |  |
| **WRITTEN OPTIONS — (13.7)%** | **WRITTEN OPTIONS — (13.7)%** | **WRITTEN OPTIONS — (13.7)%** | **WRITTEN OPTIONS — (13.7)%** | **WRITTEN OPTIONS — (13.7)%** | **WRITTEN OPTIONS — (13.7)%** |
|  | **Call Options Written — (13.5)%** | **Call Options Written — (13.5)%** | **Call Options Written — (13.5)%** | **Call Options Written — (13.5)%** |  |
| (810) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (52249050)<br>| 615.28 | 11/21/25 | (3427045)<br>|
|  | (Premiums received $2,007,544) |  |  |  |  |
|  | **Put Options Written — (0.2)%** | **Put Options Written — (0.2)%** | **Put Options Written — (0.2)%** | **Put Options Written — (0.2)%** |  |
| (405) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (26124525)<br>| 497.90 | 11/21/25 | (55408)<br>|
|  | (Premiums received $490,217) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (3482453)<br>|
|  | (Premiums received $2,497,761) | (Premiums received $2,497,761) | (Premiums received $2,497,761) | (Premiums received $2,497,761) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (17863)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $25393166 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $118046 | &nbsp;&nbsp; $118046 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 28775436 | &nbsp;&nbsp; — | &nbsp;&nbsp; 28775436 | &nbsp;&nbsp; — |
| Total | $28893482 | &nbsp;&nbsp; $118046 | &nbsp;&nbsp; $28775436 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November (XNOV)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(3482453)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(3482453)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest International Equity Moderate Buffer ETF - December (YDEC)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** |
| 433712 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $433712 |
|  | (Cost $433,712) |  |
|  | **Total Investments — 0.6%** | 433712 |
|  | (Cost $433,712) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 106.3%** | **PURCHASED OPTIONS — 106.3%** | **PURCHASED OPTIONS — 106.3%** | **PURCHASED OPTIONS — 106.3%** | **PURCHASED OPTIONS — 106.3%** | **PURCHASED OPTIONS — 106.3%** |
|  | **Call Options Purchased — 105.9%** | **Call Options Purchased — 105.9%** | **Call Options Purchased — 105.9%** | **Call Options Purchased — 105.9%** |  |
| 8983 | iShares MSCI EAFE ETF  | $82176484 | $0.75 | 12/19/25 | 80839634 |
|  | (Cost $66,392,762) |  |  |  |  |
|  | **Put Options Purchased — 0.4%** | **Put Options Purchased — 0.4%** | **Put Options Purchased — 0.4%** | **Put Options Purchased — 0.4%** |  |
| 8983 | iShares MSCI EAFE ETF  | 82176484 | 75.10 | 12/19/25 | 296170 |
|  | (Cost $3,630,850) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 81135804 |
|  | (Cost $70,023,612) | (Cost $70,023,612) | (Cost $70,023,612) | (Cost $70,023,612) |  |
| **WRITTEN OPTIONS — (6.8)%** | **WRITTEN OPTIONS — (6.8)%** | **WRITTEN OPTIONS — (6.8)%** | **WRITTEN OPTIONS — (6.8)%** | **WRITTEN OPTIONS — (6.8)%** | **WRITTEN OPTIONS — (6.8)%** |
|  | **Call Options Written — (6.7)%** | **Call Options Written — (6.7)%** | **Call Options Written — (6.7)%** | **Call Options Written — (6.7)%** |  |
| (8983) | iShares MSCI EAFE ETF  | (82176484)<br>| 87.73 | 12/19/25 | (5080156)<br>|
|  | (Premiums received $860,712) |  |  |  |  |
|  | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** |  |
| (8983) | iShares MSCI EAFE ETF  | (82176484)<br>| 63.84 | 12/19/25 | (112737)<br>|
|  | (Premiums received $1,349,506) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (5192893)<br>|
|  | (Premiums received $2,210,218) | (Premiums received $2,210,218) | (Premiums received $2,210,218) | (Premiums received $2,210,218) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (56320)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $76320303 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $433712 | &nbsp;&nbsp; $433712 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 81135804 | &nbsp;&nbsp; — | &nbsp;&nbsp; 81135804 | &nbsp;&nbsp; — |
| Total | $81569516 | &nbsp;&nbsp; $433712 | &nbsp;&nbsp; $81135804 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(5192893)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(5192893)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest Nasdaq-100**<sup>®</sup> **Buffer ETF - December (QDEC)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** |
| 2980980 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $2980980 |
|  | (Cost $2,980,980) |  |
|  | **Total Investments — 0.5%** | 2980980 |
|  | (Cost $2,980,980) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 101.5%** | **PURCHASED OPTIONS — 101.5%** | **PURCHASED OPTIONS — 101.5%** | **PURCHASED OPTIONS — 101.5%** | **PURCHASED OPTIONS — 101.5%** | **PURCHASED OPTIONS — 101.5%** |
|  | **Call Options Purchased — 100.0%** | **Call Options Purchased — 100.0%** | **Call Options Purchased — 100.0%** | **Call Options Purchased — 100.0%** |  |
| 9636 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | $549637440 | $5.18 | 12/19/25 | 544067832 |
|  | (Cost $496,986,226) |  |  |  |  |
|  | **Put Options Purchased — 1.5%** | **Put Options Purchased — 1.5%** | **Put Options Purchased — 1.5%** | **Put Options Purchased — 1.5%** |  |
| 9636 | Invesco QQQ Trust<sup>SM</sup>, Series 1  | 549637440 | 518.65 | 12/19/25 | 8103876 |
|  | (Cost $32,702,406) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 552171708 |
|  | (Cost $529,688,632) | (Cost $529,688,632) | (Cost $529,688,632) | (Cost $529,688,632) |  |
| **WRITTEN OPTIONS — (1.9)%** | **WRITTEN OPTIONS — (1.9)%** | **WRITTEN OPTIONS — (1.9)%** | **WRITTEN OPTIONS — (1.9)%** | **WRITTEN OPTIONS — (1.9)%** | **WRITTEN OPTIONS — (1.9)%** |
|  | **Call Options Written — (1.3)%** | **Call Options Written — (1.3)%** | **Call Options Written — (1.3)%** | **Call Options Written — (1.3)%** |  |
| (9636) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (549637440)<br>| 612.94 | 12/19/25 | (6937920)<br>|
|  | (Premiums received $12,302,569) |  |  |  |  |
|  | **Put Options Written — (0.6)%** | **Put Options Written — (0.6)%** | **Put Options Written — (0.6)%** | **Put Options Written — (0.6)%** |  |
| (9636) | Invesco QQQ Trust<sup>SM</sup>, Series 1  | (549637440)<br>| 466.78 | 12/19/25 | (3594228)<br>|
|  | (Premiums received $17,597,930) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (10532148)<br>|
|  | (Premiums received $29,900,499) | (Premiums received $29,900,499) | (Premiums received $29,900,499) | (Premiums received $29,900,499) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (379462)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $544241078 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $2980980 | &nbsp;&nbsp; $2980980 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 552171708 | &nbsp;&nbsp; — | &nbsp;&nbsp; 552171708 | &nbsp;&nbsp; — |
| Total | $555152688 | &nbsp;&nbsp; $2980980 | &nbsp;&nbsp; $552171708 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(10532148)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(10532148)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** |
| 1139240 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $1139240 |
|  | (Cost $1,139,240) |  |
|  | **Total Investments — 0.6%** | 1139240 |
|  | (Cost $1,139,240) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 112.7%** | **PURCHASED OPTIONS — 112.7%** | **PURCHASED OPTIONS — 112.7%** | **PURCHASED OPTIONS — 112.7%** | **PURCHASED OPTIONS — 112.7%** | **PURCHASED OPTIONS — 112.7%** |
|  | **Call Options Purchased — 111.5%** | **Call Options Purchased — 111.5%** | **Call Options Purchased — 111.5%** | **Call Options Purchased — 111.5%** |  |
| 3029 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $195385645 | $5.92 | 12/19/25 | 192553530 |
| 3029 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 195385645 | 591.16 | 12/19/25 | 19836921 |
|  | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | **Total Call Options Purchased** | 212390451 |
|  | (Cost $191,561,902) | (Cost $191,561,902) | (Cost $191,561,902) | (Cost $191,561,902) |  |
|  | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** |  |
| 3029 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 195385645 | 591.16 | 12/19/25 | 2235402 |
|  | (Cost $8,898,775) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 214625853 |
|  | (Cost $200,460,677) | (Cost $200,460,677) | (Cost $200,460,677) | (Cost $200,460,677) |  |
| **WRITTEN OPTIONS — (13.2)%** | **WRITTEN OPTIONS — (13.2)%** | **WRITTEN OPTIONS — (13.2)%** | **WRITTEN OPTIONS — (13.2)%** | **WRITTEN OPTIONS — (13.2)%** | **WRITTEN OPTIONS — (13.2)%** |
|  | **Call Options Written — (12.8)%** | **Call Options Written — (12.8)%** | **Call Options Written — (12.8)%** | **Call Options Written — (12.8)%** |  |
| (6058) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (390771290)<br>| 621.19 | 12/19/25 | (24401624)<br>|
|  | (Premiums received $19,050,389) |  |  |  |  |
|  | **Put Options Written — (0.4)%** | **Put Options Written — (0.4)%** | **Put Options Written — (0.4)%** | **Put Options Written — (0.4)%** |  |
| (3029) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (195385645)<br>| 502.49 | 12/19/25 | (687583)<br>|
|  | (Premiums received $3,572,098) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (25089207)<br>|
|  | (Premiums received $22,622,487) | (Premiums received $22,622,487) | (Premiums received $22,622,487) | (Premiums received $22,622,487) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (159535)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $190516351 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $1139240 | &nbsp;&nbsp; $1139240 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 214625853 | &nbsp;&nbsp; — | &nbsp;&nbsp; 214625853 | &nbsp;&nbsp; — |
| Total | $215765093 | &nbsp;&nbsp; $1139240 | &nbsp;&nbsp; $214625853 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Financial Statements

------

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(25089207)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(25089207)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest Laddered International Moderate Buffer ETF (BUFY)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** |
|  | **Capital Markets (a) — 100.0%** |  |
| 370872 | FT Vest International Equity <br> Moderate Buffer ETF - <br> March (b) | $9625946 |
| 387258 | FT Vest International Equity <br> Moderate Buffer ETF - <br> June (b) | 9595401 |
| 390971 | FT Vest International Equity <br> Moderate Buffer ETF - <br> September (b) | 9742958 |
| 376226 | FT Vest International Equity <br> Moderate Buffer ETF - <br> December (b) | 9578676 |
|  | **Total Exchange-Traded Funds** | 38542981 |
|  | (Cost $36,400,563) |  |
| **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** |
| 4860 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 4.13% (c) | 4860 |
|  | (Cost $4,860) |  |
|  | **Total Investments — 100.0%** | 38547841 |
|  | (Cost $36,405,423) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (3110)<br>|
|  | **Net Assets — 100.0%** | $38544731 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents
 investments in affiliated funds.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Exchange-Traded Funds\* | $38542981 | $38542981 | $— | $— |
| Money Market Funds | 4860 | 4860 |  |  |
| Total Investments | $38547841 | $38547841 | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** |
|  | **Capital Markets (a) — 100.0%** |  |
| 12085 | FT Vest U.S. Equity Enhance & <br> Moderate Buffer ETF - <br> January (b) | $430775 |
| 12460 | FT Vest U.S. Equity Enhance & <br> Moderate Buffer ETF - <br> February (b) | 430856 |
| 10990 | FT Vest U.S. Equity Enhance & <br> Moderate Buffer ETF - <br> March (b) | 427435 |
| 11975 | FT Vest U.S. Equity Enhance & <br> Moderate Buffer ETF - <br> April (b) | 426167 |
| 12655 | FT Vest U.S. Equity Enhance & <br> Moderate Buffer ETF - <br> May (b) | 429247 |
| 10245 | FT Vest U.S. Equity Enhance & <br> Moderate Buffer ETF - <br> June (b) | 428311 |
| 11305 | FT Vest U.S. Equity Enhance & <br> Moderate Buffer ETF - <br> July (b) | 428319 |
| 11765 | FT Vest U.S. Equity Enhance & <br> Moderate Buffer ETF - <br> August (b) | 426856 |
| 10365 | FT Vest U.S. Equity Enhance & <br> Moderate Buffer ETF - <br> September (b) | 428941 |
| 11815 | FT Vest U.S. Equity Enhance & <br> Moderate Buffer ETF - <br> October (b) | 431484 |
| 11855 | FT Vest U.S. Equity Enhance & <br> Moderate Buffer ETF - <br> November (b) | 429872 |
| 10870 | FT Vest U.S. Equity Enhance & <br> Moderate Buffer ETF - <br> December (b) | 430927 |
|  | **Total Exchange-Traded Funds** | 5149190 |
|  | (Cost $5,083,792) |  |
| **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** |
| 2164 | Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.18% (c) | 2164 |
|  | (Cost $2,164) |  |
|  | **Total Investments — 100.0%** | 5151354 |
|  | (Cost $5,085,956) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (389)<br>|
|  | **Net Assets — 100.0%** | $5150965 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents
 investments in affiliated funds.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Exchange-Traded Funds\* | $5149190 | $5149190 | $— | $— |
| Money Market Funds | 2164 | 2164 |  |  |
| Total Investments | $5151354 | $5151354 | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Assets and Liabilities**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **Nasdaq-100**<sup>®</sup> <br> **Conservative** <br> **Buffer ETF -** <br> **January** <br>**(QCJA)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - January** <br>**(XJAN)** <br>| **FT Vest** <br> **Nasdaq-100**<sup>®</sup> <br> **Moderate Buffer** <br> **ETF - February** <br>**(QMFE)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - February** <br>**(XFEB)** <br>|
| **ASSETS:** |  |  |  |  |
| Investments, at value - Unaffiliated | $300597 | &nbsp;&nbsp; $266183 | &nbsp;&nbsp; $294191 | &nbsp;&nbsp; $366671 |
| Investments, at value - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total investments, at value | 300597 | &nbsp;&nbsp; 266183 | &nbsp;&nbsp; 294191 | &nbsp;&nbsp; 366671 |
| Options contracts purchased, at value | 51317200 | &nbsp;&nbsp; 47293193 | &nbsp;&nbsp; 42827073 | &nbsp;&nbsp; 55169345 |
| Due from broker | 201 | &nbsp;&nbsp; 201 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 1404 |
| Receivables: |  |  |  |  |
| Dividends | 1123 | &nbsp;&nbsp; 963 | &nbsp;&nbsp; 1206 | &nbsp;&nbsp; 1322 |
| Investment securities sold |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Capital shares sold |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Assets | 51619121 | &nbsp;&nbsp; 47560540 | &nbsp;&nbsp; 43122670 | &nbsp;&nbsp; 55538742 |
| **LIABILITIES:** |  |  |  |  |
| Options contracts written, at value | 2085101 | &nbsp;&nbsp; 5603738 | &nbsp;&nbsp; 1710954 | &nbsp;&nbsp; 7035414 |
| Payables: |  |  |  |  |
| Investment advisory fees | 38900 | &nbsp;&nbsp; 30128 | &nbsp;&nbsp; 36128 | &nbsp;&nbsp; 34832 |
| Investment securities purchased |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Capital shares redeemed |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Liabilities | 2124001 | &nbsp;&nbsp; 5633866 | &nbsp;&nbsp; 1747082 | &nbsp;&nbsp; 7070246 |
| **NET ASSETS** | $49495120 | &nbsp;&nbsp; $41926674 | &nbsp;&nbsp; $41375588 | &nbsp;&nbsp; $48468496 |
| **NET ASSETS consist of:** |  |  |  |  |
| Paid-in capital | $46255769 | &nbsp;&nbsp; $47306665 | &nbsp;&nbsp; $36869085 | &nbsp;&nbsp; $50475311 |
| Par value | 23500 | &nbsp;&nbsp; 11750 | &nbsp;&nbsp; 19500 | &nbsp;&nbsp; 14000 |
| Accumulated distributable earnings (loss) | 3215851 | &nbsp;&nbsp; (5391741)<br>| &nbsp;&nbsp; 4487003 | &nbsp;&nbsp; (2020815)<br>|
| **NET ASSETS** | $49495120 | &nbsp;&nbsp; $41926674 | &nbsp;&nbsp; $41375588 | &nbsp;&nbsp; $48468496 |
| **NET ASSET VALUE,** per share | $21.06 | &nbsp;&nbsp; $35.68 | &nbsp;&nbsp; $21.22 | &nbsp;&nbsp; $34.62 |
| Number of shares outstanding (unlimited number of <br> shares authorized, par value $0.01 per share)<br>| 2350002 | &nbsp;&nbsp; 1175002 | &nbsp;&nbsp; 1950002 | &nbsp;&nbsp; 1400002 |
| Investments, at cost - Unaffiliated | $300597 | &nbsp;&nbsp; $266183 | &nbsp;&nbsp; $294191 | &nbsp;&nbsp; $366671 |
| Investments, at cost - Affiliated | $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Total investments, at cost | $300597 | &nbsp;&nbsp; $266183 | &nbsp;&nbsp; $294191 | &nbsp;&nbsp; $366671 |
| Premiums paid on options contracts purchased | $49374789 | &nbsp;&nbsp; $44293618 | &nbsp;&nbsp; $40307709 | &nbsp;&nbsp; $50377805 |
| Premiums received on options contracts written | $2321082 | &nbsp;&nbsp; $4276693 | &nbsp;&nbsp; $1937102 | &nbsp;&nbsp; $4665558 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest** <br> **International** <br> **Equity Moderate** <br> **Buffer ETF -** <br> **March** <br>**(YMAR)** <br>| **FT Vest Nasdaq-**<br> **100**<sup>®</sup> **Buffer ETF -** <br> **March** <br>**(QMAR)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - March** <br>**(XMAR)** <br>| **FT Vest Nasdaq-**<br> **100**<sup>®</sup> **Conservative** <br> **Buffer ETF -** <br> **April** <br>**(QCAP)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - April** <br>**(XAPR)** <br>| **FT Vest Nasdaq-**<br> **100**<sup>®</sup> **Moderate** <br> **Buffer ETF - May** <br>**(QMMY)** <br>|
| $1101863 | &nbsp;&nbsp; $3339166 | &nbsp;&nbsp; $1266291 | &nbsp;&nbsp; $335796 | &nbsp;&nbsp; $443818 | &nbsp;&nbsp; $839542 |
| 1101863 | &nbsp;&nbsp; 3339166 | &nbsp;&nbsp; 1266291 | &nbsp;&nbsp; 335796 | &nbsp;&nbsp; 443818 | &nbsp;&nbsp; 839542 |
| 137640619 | &nbsp;&nbsp; 486973740 | &nbsp;&nbsp; 217817525 | &nbsp;&nbsp; 47558761 | &nbsp;&nbsp; 70888254 | &nbsp;&nbsp; 96460183 |
| 2271 | &nbsp;&nbsp; 201 | &nbsp;&nbsp; 201 | &nbsp;&nbsp; 375 | &nbsp;&nbsp; 199 | &nbsp;&nbsp; 188 |
| 3953 | &nbsp;&nbsp; 12012 | &nbsp;&nbsp; 4651 | &nbsp;&nbsp; 1210 | &nbsp;&nbsp; 1630 | &nbsp;&nbsp; 3020 |
|  | &nbsp;&nbsp; 1720257 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 138748706 | &nbsp;&nbsp; 492045376 | &nbsp;&nbsp; 219088668 | &nbsp;&nbsp; 47896142 | &nbsp;&nbsp; 71333901 | &nbsp;&nbsp; 97302933 |
| 3829523 | &nbsp;&nbsp; 38825424 | &nbsp;&nbsp; 44732639 | &nbsp;&nbsp; 7420339 | &nbsp;&nbsp; 19694147 | &nbsp;&nbsp; 5971156 |
| 102298 | &nbsp;&nbsp; 342969 | &nbsp;&nbsp; 125896 | &nbsp;&nbsp; 30847 | &nbsp;&nbsp; 36550 | &nbsp;&nbsp; 69823 |
|  | &nbsp;&nbsp; 137253 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; 1582782 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 3931821 | &nbsp;&nbsp; 40888428 | &nbsp;&nbsp; 44858535 | &nbsp;&nbsp; 7451186 | &nbsp;&nbsp; 19730697 | &nbsp;&nbsp; 6040979 |
| $134816885 | &nbsp;&nbsp; $451156948 | &nbsp;&nbsp; $174230133 | &nbsp;&nbsp; $40444956 | &nbsp;&nbsp; $51603204 | &nbsp;&nbsp; $91261954 |
| $139314220 | &nbsp;&nbsp; $457595061 | &nbsp;&nbsp; $215426362 | &nbsp;&nbsp; $39304107 | &nbsp;&nbsp; $53480851 | &nbsp;&nbsp; $89308576 |
| 52000 | &nbsp;&nbsp; 142500 | &nbsp;&nbsp; 44750 | &nbsp;&nbsp; 17500 | &nbsp;&nbsp; 14500 | &nbsp;&nbsp; 38000 |
| (4549335)<br>| &nbsp;&nbsp; (6580613)<br>| &nbsp;&nbsp; (41240979)<br>| &nbsp;&nbsp; 1123349 | &nbsp;&nbsp; (1892147)<br>| &nbsp;&nbsp; 1915378 |
| $134816885 | &nbsp;&nbsp; $451156948 | &nbsp;&nbsp; $174230133 | &nbsp;&nbsp; $40444956 | &nbsp;&nbsp; $51603204 | &nbsp;&nbsp; $91261954 |
| $25.93 | &nbsp;&nbsp; $31.66 | &nbsp;&nbsp; $38.93 | &nbsp;&nbsp; $23.11 | &nbsp;&nbsp; $35.59 | &nbsp;&nbsp; $24.02 |
| 5200002 | &nbsp;&nbsp; 14250002 | &nbsp;&nbsp; 4475002 | &nbsp;&nbsp; 1750002 | &nbsp;&nbsp; 1450002 | &nbsp;&nbsp; 3800002 |
| $1101863 | &nbsp;&nbsp; $3339166 | &nbsp;&nbsp; $1266291 | &nbsp;&nbsp; $335796 | &nbsp;&nbsp; $443818 | &nbsp;&nbsp; $839542 |
| $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| $1101863 | &nbsp;&nbsp; $3339166 | &nbsp;&nbsp; $1266291 | &nbsp;&nbsp; $335796 | &nbsp;&nbsp; $443818 | &nbsp;&nbsp; $839542 |
| $129349676 | &nbsp;&nbsp; $433020423 | &nbsp;&nbsp; $185420655 | &nbsp;&nbsp; $40192381 | &nbsp;&nbsp; $62751762 | &nbsp;&nbsp; $92020550 |
| $3844045 | &nbsp;&nbsp; $27502333 | &nbsp;&nbsp; $21298687 | &nbsp;&nbsp; $3085272 | &nbsp;&nbsp; $12881638 | &nbsp;&nbsp; $5723949 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Assets and Liabilities (Continued)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - May** <br>**(XMAY)** <br>| **FT Vest** <br> **International** <br> **Equity** <br> **Moderate Buffer** <br> **ETF - June** <br>**(YJUN)** <br>| **FT Vest** <br> **Nasdaq-100**<sup>®</sup> <br> **Buffer ETF -** <br> **June** <br>**(QJUN)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - June** <br>**(XJUN)** <br>|
| **ASSETS:** |  |  |  |  |
| Investments, at value - Unaffiliated | $193938 | &nbsp;&nbsp; $1810074 | &nbsp;&nbsp; $6207436 | &nbsp;&nbsp; $1421830 |
| Investments, at value - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total investments, at value | 193938 | &nbsp;&nbsp; 1810074 | &nbsp;&nbsp; 6207436 | &nbsp;&nbsp; 1421830 |
| Options contracts purchased, at value | 26133599 | &nbsp;&nbsp; 171542480 | &nbsp;&nbsp; 664441643 | &nbsp;&nbsp; 173713393 |
| Due from broker | 199 | &nbsp;&nbsp; 202 | &nbsp;&nbsp; 22113 | &nbsp;&nbsp; 201 |
| Receivables: |  |  |  |  |
| Dividends | 698 | &nbsp;&nbsp; 6809 | &nbsp;&nbsp; 22157 | &nbsp;&nbsp; 5109 |
| Investment securities sold |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 1577608 | &nbsp;&nbsp; — |
| Capital shares sold |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Assets | 26328434 | &nbsp;&nbsp; 173359565 | &nbsp;&nbsp; 672270957 | &nbsp;&nbsp; 175140533 |
| **LIABILITIES:** |  |  |  |  |
| Options contracts written, at value | 4260809 | &nbsp;&nbsp; 6079337 | &nbsp;&nbsp; 39013901 | &nbsp;&nbsp; 29624151 |
| Payables: |  |  |  |  |
| Investment advisory fees | 15847 | &nbsp;&nbsp; 133653 | &nbsp;&nbsp; 479993 | &nbsp;&nbsp; 104500 |
| Investment securities purchased |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 92721 | &nbsp;&nbsp; — |
| Capital shares redeemed |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 1517026 | &nbsp;&nbsp; — |
| Total Liabilities | 4276656 | &nbsp;&nbsp; 6212990 | &nbsp;&nbsp; 41103641 | &nbsp;&nbsp; 29728651 |
| **NET ASSETS** | $22051778 | &nbsp;&nbsp; $167146575 | &nbsp;&nbsp; $631167316 | &nbsp;&nbsp; $145411882 |
| **NET ASSETS consist of:** |  |  |  |  |
| Paid-in capital | $22810309 | &nbsp;&nbsp; $186239057 | &nbsp;&nbsp; $676773544 | &nbsp;&nbsp; $158446875 |
| Par value | 6500 | &nbsp;&nbsp; 67500 | &nbsp;&nbsp; 208000 | &nbsp;&nbsp; 34750 |
| Accumulated distributable earnings (loss) | (765031)<br>| &nbsp;&nbsp; (19159982)<br>| &nbsp;&nbsp; (45814228)<br>| &nbsp;&nbsp; (13069743)<br>|
| **NET ASSETS** | $22051778 | &nbsp;&nbsp; $167146575 | &nbsp;&nbsp; $631167316 | &nbsp;&nbsp; $145411882 |
| **NET ASSET VALUE,** per share | $33.93 | &nbsp;&nbsp; $24.76 | &nbsp;&nbsp; $30.34 | &nbsp;&nbsp; $41.85 |
| Number of shares outstanding (unlimited number of <br> shares authorized, par value $0.01 per share)<br>| 650002 | &nbsp;&nbsp; 6750002 | &nbsp;&nbsp; 20800002 | &nbsp;&nbsp; 3475002 |
| Investments, at cost - Unaffiliated | $193938 | &nbsp;&nbsp; $1810074 | &nbsp;&nbsp; $6207436 | &nbsp;&nbsp; $1421830 |
| Investments, at cost - Affiliated | $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Total investments, at cost | $193938 | &nbsp;&nbsp; $1810074 | &nbsp;&nbsp; $6207436 | &nbsp;&nbsp; $1421830 |
| Premiums paid on options contracts purchased | $23770216 | &nbsp;&nbsp; $166650878 | &nbsp;&nbsp; $636508923 | &nbsp;&nbsp; $158277495 |
| Premiums received on options contracts written | $2795698 | &nbsp;&nbsp; $5411998 | &nbsp;&nbsp; $40722730 | &nbsp;&nbsp; $19286519 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest Nasdaq-**<br> **100**<sup>®</sup> **Conservative** <br> **Buffer ETF - July** <br>**(QCJL)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - July** <br>**(XJUL)** <br>| **FT Vest Nasdaq-**<br> **100**<sup>®</sup> **Moderate** <br> **Buffer ETF -** <br> **August** <br>**(QMAG)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - August** <br>**(XAUG)** <br>| **FT Vest** <br> **International** <br> **Equity Moderate** <br> **Buffer ETF -** <br> **September** <br>**(YSEP)** <br>| **FT Vest Nasdaq-**<br> **100**<sup>®</sup> **Buffer ETF -** <br> **September** <br>**(QSPT)** <br>|
| $877514 | &nbsp;&nbsp; $537961 | &nbsp;&nbsp; $517687 | &nbsp;&nbsp; $361637 | &nbsp;&nbsp; $351958 | &nbsp;&nbsp; $1171982 |
| 877514 | &nbsp;&nbsp; 537961 | &nbsp;&nbsp; 517687 | &nbsp;&nbsp; 361637 | &nbsp;&nbsp; 351958 | &nbsp;&nbsp; 1171982 |
| 82443064 | &nbsp;&nbsp; 53539703 | &nbsp;&nbsp; 50901282 | &nbsp;&nbsp; 33298705 | &nbsp;&nbsp; 94802191 | &nbsp;&nbsp; 416071736 |
| 138 | &nbsp;&nbsp; 201 | &nbsp;&nbsp; 417 | &nbsp;&nbsp; 201 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 202 |
| 3081 | &nbsp;&nbsp; 1905 | &nbsp;&nbsp; 823 | &nbsp;&nbsp; 670 | &nbsp;&nbsp; 1292 | &nbsp;&nbsp; 4413 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; 126935 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1584517 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; 2264524 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 83323797 | &nbsp;&nbsp; 54079770 | &nbsp;&nbsp; 53811668 | &nbsp;&nbsp; 33661213 | &nbsp;&nbsp; 95155641 | &nbsp;&nbsp; 418832850 |
| 4465460 | &nbsp;&nbsp; 6621029 | &nbsp;&nbsp; 2754576 | &nbsp;&nbsp; 3705833 | &nbsp;&nbsp; 423225 | &nbsp;&nbsp; 9373800 |
| 58851 | &nbsp;&nbsp; 34002 | &nbsp;&nbsp; 24239 | &nbsp;&nbsp; 19442 | &nbsp;&nbsp; 72788 | &nbsp;&nbsp; 309019 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; 2346562 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 35787 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1526336 |
| 4524311 | &nbsp;&nbsp; 6655031 | &nbsp;&nbsp; 5125377 | &nbsp;&nbsp; 3725275 | &nbsp;&nbsp; 496013 | &nbsp;&nbsp; 11244942 |
| $78799486 | &nbsp;&nbsp; $47424739 | &nbsp;&nbsp; $48686291 | &nbsp;&nbsp; $29935938 | &nbsp;&nbsp; $94659628 | &nbsp;&nbsp; $407587908 |
| $82765310 | &nbsp;&nbsp; $56134341 | &nbsp;&nbsp; $51447820 | &nbsp;&nbsp; $33283849 | &nbsp;&nbsp; $90136199 | &nbsp;&nbsp; $393498512 |
| 34500 | &nbsp;&nbsp; 12500 | &nbsp;&nbsp; 21500 | &nbsp;&nbsp; 8250 | &nbsp;&nbsp; 38000 | &nbsp;&nbsp; 133500 |
| (4000324)<br>| &nbsp;&nbsp; (8722102)<br>| &nbsp;&nbsp; (2783029)<br>| &nbsp;&nbsp; (3356161)<br>| &nbsp;&nbsp; 4485429 | &nbsp;&nbsp; 13955896 |
| $78799486 | &nbsp;&nbsp; $47424739 | &nbsp;&nbsp; $48686291 | &nbsp;&nbsp; $29935938 | &nbsp;&nbsp; $94659628 | &nbsp;&nbsp; $407587908 |
| $22.84 | &nbsp;&nbsp; $37.94 | &nbsp;&nbsp; $22.64 | &nbsp;&nbsp; $36.29 | &nbsp;&nbsp; $24.91 | &nbsp;&nbsp; $30.53 |
| 3450002 | &nbsp;&nbsp; 1250002 | &nbsp;&nbsp; 2150002 | &nbsp;&nbsp; 825002 | &nbsp;&nbsp; 3800002 | &nbsp;&nbsp; 13350002 |
| $877514 | &nbsp;&nbsp; $537961 | &nbsp;&nbsp; $517687 | &nbsp;&nbsp; $361637 | &nbsp;&nbsp; $351958 | &nbsp;&nbsp; $1171982 |
| $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| $877514 | &nbsp;&nbsp; $537961 | &nbsp;&nbsp; $517687 | &nbsp;&nbsp; $361637 | &nbsp;&nbsp; $351958 | &nbsp;&nbsp; $1171982 |
| $82031205 | &nbsp;&nbsp; $52001533 | &nbsp;&nbsp; $51089923 | &nbsp;&nbsp; $33101688 | &nbsp;&nbsp; $87876871 | &nbsp;&nbsp; $376800831 |
| $4878125 | &nbsp;&nbsp; $5874947 | &nbsp;&nbsp; $2881152 | &nbsp;&nbsp; $3631329 | &nbsp;&nbsp; $1579183 | &nbsp;&nbsp; $19715593 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Assets and Liabilities (Continued)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF -** <br> **September** <br>**(XSEP)** <br>| **FT Vest** <br> **Nasdaq-100**<sup>®</sup> <br> **Conservative** <br> **Buffer ETF -** <br> **October** <br>**(QCOC)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - October** <br>**(XOCT)** <br>| **FT Vest** <br> **Nasdaq-100**<sup>®</sup> <br> **Moderate Buffer** <br> **ETF -** <br> **November** <br>**(QMNV)** <br>|
| **ASSETS:** |  |  |  |  |
| Investments, at value - Unaffiliated | $447879 | &nbsp;&nbsp; $128332 | &nbsp;&nbsp; $466521 | &nbsp;&nbsp; $147602 |
| Investments, at value - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total investments, at value | 447879 | &nbsp;&nbsp; 128332 | &nbsp;&nbsp; 466521 | &nbsp;&nbsp; 147602 |
| Options contracts purchased, at value | 147890051 | &nbsp;&nbsp; 37391073 | &nbsp;&nbsp; 130906207 | &nbsp;&nbsp; 35272575 |
| Due from broker | 199 | &nbsp;&nbsp; 192 | &nbsp;&nbsp; 201 | &nbsp;&nbsp; 325 |
| Receivables: |  |  |  |  |
| Dividends | 1643 | &nbsp;&nbsp; 492 | &nbsp;&nbsp; 1729 | &nbsp;&nbsp; 550 |
| Investment securities sold | 171791 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Capital shares sold | 1035282 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Assets | 149546845 | &nbsp;&nbsp; 37520089 | &nbsp;&nbsp; 131374658 | &nbsp;&nbsp; 35421052 |
| **LIABILITIES:** |  |  |  |  |
| Options contracts written, at value | 20917590 | &nbsp;&nbsp; 1698926 | &nbsp;&nbsp; 14400372 | &nbsp;&nbsp; 1424704 |
| Payables: |  |  |  |  |
| Investment advisory fees | 90757 | &nbsp;&nbsp; 28764 | &nbsp;&nbsp; 84476 | &nbsp;&nbsp; 26354 |
| Investment securities purchased | 1215222 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Capital shares redeemed |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Liabilities | 22223569 | &nbsp;&nbsp; 1727690 | &nbsp;&nbsp; 14484848 | &nbsp;&nbsp; 1451058 |
| **NET ASSETS** | $127323276 | &nbsp;&nbsp; $35792399 | &nbsp;&nbsp; $116889810 | &nbsp;&nbsp; $33969994 |
| **NET ASSETS consist of:** |  |  |  |  |
| Paid-in capital | $134148610 | &nbsp;&nbsp; $32271125 | &nbsp;&nbsp; $125959416 | &nbsp;&nbsp; $30584644 |
| Par value | 30750 | &nbsp;&nbsp; 16500 | &nbsp;&nbsp; 32000 | &nbsp;&nbsp; 15500 |
| Accumulated distributable earnings (loss) | (6856084)<br>| &nbsp;&nbsp; 3504774 | &nbsp;&nbsp; (9101606)<br>| &nbsp;&nbsp; 3369850 |
| **NET ASSETS** | $127323276 | &nbsp;&nbsp; $35792399 | &nbsp;&nbsp; $116889810 | &nbsp;&nbsp; $33969994 |
| **NET ASSET VALUE,** per share | $41.41 | &nbsp;&nbsp; $21.69 | &nbsp;&nbsp; $36.53 | &nbsp;&nbsp; $21.92 |
| Number of shares outstanding (unlimited number of <br> shares authorized, par value $0.01 per share)<br>| 3075002 | &nbsp;&nbsp; 1650002 | &nbsp;&nbsp; 3200002 | &nbsp;&nbsp; 1550002 |
| Investments, at cost - Unaffiliated | $447879 | &nbsp;&nbsp; $128332 | &nbsp;&nbsp; $466521 | &nbsp;&nbsp; $147602 |
| Investments, at cost - Affiliated | $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Total investments, at cost | $447879 | &nbsp;&nbsp; $128332 | &nbsp;&nbsp; $466521 | &nbsp;&nbsp; $147602 |
| Premiums paid on options contracts purchased | $130236016 | &nbsp;&nbsp; $34844324 | &nbsp;&nbsp; $119438086 | &nbsp;&nbsp; $33602701 |
| Premiums received on options contracts written | $11332557 | &nbsp;&nbsp; $1750227 | &nbsp;&nbsp; $9755043 | &nbsp;&nbsp; $1434328 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - November** <br>**(XNOV)** <br>| **FT Vest** <br> **International** <br> **Equity Moderate** <br> **Buffer ETF -** <br> **December** <br>**(YDEC)** <br>| **FT Vest Nasdaq-**<br> **100**<sup>®</sup> **Buffer ETF -** <br> **December** <br>**(QDEC)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - December** <br>**(XDEC)** <br>| **FT Vest Laddered** <br> **International** <br> **Moderate Buffer** <br> **ETF** <br>**(BUFY)** <br>| **FT Vest Laddered** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF** <br>**(BUFX)** <br>|
| $118046 | &nbsp;&nbsp; $433712 | &nbsp;&nbsp; $2980980 | &nbsp;&nbsp; $1139240 | &nbsp;&nbsp; $4860 | &nbsp;&nbsp; $2164 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 38542981 | &nbsp;&nbsp; 5149190 |
| 118046 | &nbsp;&nbsp; 433712 | &nbsp;&nbsp; 2980980 | &nbsp;&nbsp; 1139240 | &nbsp;&nbsp; 38547841 | &nbsp;&nbsp; 5151354 |
| 28775436 | &nbsp;&nbsp; 81135804 | &nbsp;&nbsp; 552171708 | &nbsp;&nbsp; 214625853 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 201 | &nbsp;&nbsp; 206 | &nbsp;&nbsp; 562 | &nbsp;&nbsp; 3469 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 434 | &nbsp;&nbsp; 1573 | &nbsp;&nbsp; 10760 | &nbsp;&nbsp; 4200 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 7 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; 3094195 | &nbsp;&nbsp; 4543126 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 28894117 | &nbsp;&nbsp; 81571295 | &nbsp;&nbsp; 558258205 | &nbsp;&nbsp; 220315888 | &nbsp;&nbsp; 38547859 | &nbsp;&nbsp; 5151361 |
| 3482453 | &nbsp;&nbsp; 5192893 | &nbsp;&nbsp; 10532148 | &nbsp;&nbsp; 25089207 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 18498 | &nbsp;&nbsp; 58099 | &nbsp;&nbsp; 411011 | &nbsp;&nbsp; 140359 | &nbsp;&nbsp; 3128 | &nbsp;&nbsp; 396 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; 59190 | &nbsp;&nbsp; 600974 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; 3014778 | &nbsp;&nbsp; 3968997 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 3500951 | &nbsp;&nbsp; 5250992 | &nbsp;&nbsp; 14017127 | &nbsp;&nbsp; 29799537 | &nbsp;&nbsp; 3128 | &nbsp;&nbsp; 396 |
| $25393166 | &nbsp;&nbsp; $76320303 | &nbsp;&nbsp; $544241078 | &nbsp;&nbsp; $190516351 | &nbsp;&nbsp; $38544731 | &nbsp;&nbsp; $5150965 |
| $23729727 | &nbsp;&nbsp; $75424207 | &nbsp;&nbsp; $557899900 | &nbsp;&nbsp; $227369226 | &nbsp;&nbsp; $36403166 | &nbsp;&nbsp; $5083067 |
| 7000 | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 180500 | &nbsp;&nbsp; 48000 | &nbsp;&nbsp; 18000 | &nbsp;&nbsp; 2500 |
| 1656439 | &nbsp;&nbsp; 866096 | &nbsp;&nbsp; (13839322)<br>| &nbsp;&nbsp; (36900875)<br>| &nbsp;&nbsp; 2123565 | &nbsp;&nbsp; 65398 |
| $25393166 | &nbsp;&nbsp; $76320303 | &nbsp;&nbsp; $544241078 | &nbsp;&nbsp; $190516351 | &nbsp;&nbsp; $38544731 | &nbsp;&nbsp; $5150965 |
| $36.28 | &nbsp;&nbsp; $25.44 | &nbsp;&nbsp; $30.15 | &nbsp;&nbsp; $39.69 | &nbsp;&nbsp; $21.41 | &nbsp;&nbsp; $20.60 |
| 700002 | &nbsp;&nbsp; 3000002 | &nbsp;&nbsp; 18050002 | &nbsp;&nbsp; 4800002 | &nbsp;&nbsp; 1800002 | &nbsp;&nbsp; 250002 |
| $118046 | &nbsp;&nbsp; $433712 | &nbsp;&nbsp; $2980980 | &nbsp;&nbsp; $1139240 | &nbsp;&nbsp; $4860 | &nbsp;&nbsp; $2164 |
| $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $36400563 | &nbsp;&nbsp; $5083792 |
| $118046 | &nbsp;&nbsp; $433712 | &nbsp;&nbsp; $2980980 | &nbsp;&nbsp; $1139240 | &nbsp;&nbsp; $36405423 | &nbsp;&nbsp; $5085956 |
| $26425778 | &nbsp;&nbsp; $70023612 | &nbsp;&nbsp; $529688632 | &nbsp;&nbsp; $200460677 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| $2497761 | &nbsp;&nbsp; $2210218 | &nbsp;&nbsp; $29900499 | &nbsp;&nbsp; $22622487 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Operations**

**For the Period Ended August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **Nasdaq-100**<sup>®</sup> <br> **Conservative** <br> **Buffer ETF -** <br> **January** <br>**(QCJA) (a)**<br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - January** <br>**(XJAN)** <br>| **FT Vest** <br> **Nasdaq-100**<sup>®</sup> <br> **Moderate Buffer** <br> **ETF - February** <br>**(QMFE) (b)**<br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - February** <br>**(XFEB)** <br>|
| **INVESTMENT INCOME:** |  |  |  |  |
| Dividends - Unaffiliated | $9595 | &nbsp;&nbsp; $14395 | &nbsp;&nbsp; $8606 | &nbsp;&nbsp; $13183 |
| Total investment income | 9595 | &nbsp;&nbsp; 14395 | &nbsp;&nbsp; 8606 | &nbsp;&nbsp; 13183 |
| **EXPENSES:** |  |  |  |  |
| Investment advisory fees | 250356<br>| &nbsp;&nbsp; 412444<br>| &nbsp;&nbsp; 195998<br>| &nbsp;&nbsp; 345750<br>|
| Total expenses | 250356 | &nbsp;&nbsp; 412444 | &nbsp;&nbsp; 195998 | &nbsp;&nbsp; 345750 |
| Less fees waived by the investment advisor |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net expenses | 250356 | &nbsp;&nbsp; 412444 | &nbsp;&nbsp; 195998 | &nbsp;&nbsp; 345750 |
| **NET INVESTMENT INCOME (LOSS)** | (240761)<br>| &nbsp;&nbsp; (398049)<br>| &nbsp;&nbsp; (187392)<br>| &nbsp;&nbsp; (332567)<br>|
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS):**<br>|  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Purchased options contracts |  | &nbsp;&nbsp; 1004874 | &nbsp;&nbsp; — | &nbsp;&nbsp; (1610092)<br>|
| Written options contracts |  | &nbsp;&nbsp; (8896524)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (3499771)<br>|
| In-kind redemptions - Purchased options <br> contracts<br>| 1026194 | &nbsp;&nbsp; 17609501 | &nbsp;&nbsp; 1667277 | &nbsp;&nbsp; 8398625 |
| In-kind redemptions - Written options contracts | 248421 | &nbsp;&nbsp; (5174951)<br>| &nbsp;&nbsp; 261008 | &nbsp;&nbsp; (303516)<br>|
| Net realized gain (loss) | 1274615 | &nbsp;&nbsp; 4542900 | &nbsp;&nbsp; 1928285 | &nbsp;&nbsp; 2985246 |
| Net change in unrealized appreciation (depreciation) <br> on:<br>|  |  |  |  |
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Purchased options contracts | 1942411 | &nbsp;&nbsp; (7676471)<br>| &nbsp;&nbsp; 2519364 | &nbsp;&nbsp; 1678636 |
| Written options contracts | 235981 | &nbsp;&nbsp; 7739253 | &nbsp;&nbsp; 226148 | &nbsp;&nbsp; 70388 |
| Net change in unrealized appreciation (depreciation) | 2178392 | &nbsp;&nbsp; 62782 | &nbsp;&nbsp; 2745512 | &nbsp;&nbsp; 1749024 |
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS)**<br>| 3453007 | &nbsp;&nbsp; 4605682 | &nbsp;&nbsp; 4673797 | &nbsp;&nbsp; 4734270 |
| **NET INCREASE (DECREASE) IN NET** <br> **ASSETS RESULTING FROM** <br> **OPERATIONS**<br>| $3212246 | &nbsp;&nbsp; $4207633 | &nbsp;&nbsp; $4486405 | &nbsp;&nbsp; $4401703 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is January 17, 2025, which is consistent with the commencement of investment operations and is the date the initial creation
 units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Inception
 date is February 21, 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

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest** <br> **International** <br> **Equity Moderate** <br> **Buffer ETF -** <br> **March** <br>**(YMAR)** <br>| **FT Vest Nasdaq-**<br> **100**<sup>®</sup> **Buffer ETF -** <br> **March** <br>**(QMAR)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - March** <br>**(XMAR)** <br>| **FT Vest Nasdaq-**<br> **100**<sup>®</sup> **Conservative** <br> **Buffer ETF -** <br> **April** <br>**(QCAP)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - April** <br>**(XAPR)** <br>| **FT Vest Nasdaq-**<br> **100**<sup>®</sup> **Moderate** <br> **Buffer ETF - May** <br>**(QMMY)** <br>|
| $38341 | &nbsp;&nbsp; $125716 | &nbsp;&nbsp; $49939 | &nbsp;&nbsp; $6588 | &nbsp;&nbsp; $6046 | &nbsp;&nbsp; $12794 |
| 38341 | &nbsp;&nbsp; 125716 | &nbsp;&nbsp; 49939 | &nbsp;&nbsp; 6588 | &nbsp;&nbsp; 6046 | &nbsp;&nbsp; 12794 |
| 1005400<br>| &nbsp;&nbsp; 3873150<br>| &nbsp;&nbsp; 1458598<br>| &nbsp;&nbsp; 311556<br>| &nbsp;&nbsp; 284032<br>| &nbsp;&nbsp; 593919<br>|
| 1005400 | &nbsp;&nbsp; 3873150 | &nbsp;&nbsp; 1458598 | &nbsp;&nbsp; 311556 | &nbsp;&nbsp; 284032 | &nbsp;&nbsp; 593919 |
| 1005400 | &nbsp;&nbsp; 3873150 | &nbsp;&nbsp; 1458598 | &nbsp;&nbsp; 311556 | &nbsp;&nbsp; 284032 | &nbsp;&nbsp; 593919 |
| (967059)<br>| &nbsp;&nbsp; (3747434)<br>| &nbsp;&nbsp; (1408659)<br>| &nbsp;&nbsp; (304968)<br>| &nbsp;&nbsp; (277986)<br>| &nbsp;&nbsp; (581125)<br>|
| (6576510)<br>| &nbsp;&nbsp; (23048978)<br>| &nbsp;&nbsp; 8739268 | &nbsp;&nbsp; (2178162)<br>| &nbsp;&nbsp; (3772068)<br>| &nbsp;&nbsp; (2134169)<br>|
| 66697 | &nbsp;&nbsp; 920368 | &nbsp;&nbsp; 3154671 | &nbsp;&nbsp; 13874 | &nbsp;&nbsp; 220030 | &nbsp;&nbsp; 120424 |
| 10182769 | &nbsp;&nbsp; 39266527 | &nbsp;&nbsp; 11992613 | &nbsp;&nbsp; 2590736 | &nbsp;&nbsp; 2140100 | &nbsp;&nbsp; 14798714 |
| 2171754 | &nbsp;&nbsp; 19465628 | &nbsp;&nbsp; (3990821)<br>| &nbsp;&nbsp; 1341261 | &nbsp;&nbsp; 4305131 | &nbsp;&nbsp; 2596557 |
| 5844710 | &nbsp;&nbsp; 36603545 | &nbsp;&nbsp; 19895731 | &nbsp;&nbsp; 1767709 | &nbsp;&nbsp; 2893193 | &nbsp;&nbsp; 15381526 |
| 4479859 | &nbsp;&nbsp; 33471068 | &nbsp;&nbsp; 8836017 | &nbsp;&nbsp; 5705069 | &nbsp;&nbsp; 6131363 | &nbsp;&nbsp; 3926713 |
| (167140)<br>| &nbsp;&nbsp; (17285961)<br>| &nbsp;&nbsp; (9678943)<br>| &nbsp;&nbsp; (3724589)<br>| &nbsp;&nbsp; (5381047)<br>| &nbsp;&nbsp; (215745)<br>|
| 4312719 | &nbsp;&nbsp; 16185107 | &nbsp;&nbsp; (842926)<br>| &nbsp;&nbsp; 1980480 | &nbsp;&nbsp; 750316 | &nbsp;&nbsp; 3710968 |
| 10157429 | &nbsp;&nbsp; 52788652 | &nbsp;&nbsp; 19052805 | &nbsp;&nbsp; 3748189 | &nbsp;&nbsp; 3643509 | &nbsp;&nbsp; 19092494 |
| $9190370 | &nbsp;&nbsp; $49041218 | &nbsp;&nbsp; $17644146 | &nbsp;&nbsp; $3443221 | &nbsp;&nbsp; $3365523 | &nbsp;&nbsp; $18511369 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Operations (Continued)**

**For the Period Ended August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - May** <br>**(XMAY)** <br>| **FT Vest** <br> **International** <br> **Equity** <br> **Moderate Buffer** <br> **ETF - June** <br>**(YJUN)** <br>| **FT Vest** <br> **Nasdaq-100**<sup>®</sup> <br> **Buffer ETF -** <br> **June** <br>**(QJUN)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - June** <br>**(XJUN)** <br>|
| **INVESTMENT INCOME:** |  |  |  |  |
| Dividends - Unaffiliated | $7032 | &nbsp;&nbsp; $56058 | &nbsp;&nbsp; $166123 | &nbsp;&nbsp; $49028 |
| Total investment income | 7032 | &nbsp;&nbsp; 56058 | &nbsp;&nbsp; 166123 | &nbsp;&nbsp; 49028 |
| **EXPENSES:** |  |  |  |  |
| Investment advisory fees | 204488<br>| &nbsp;&nbsp; 1434742<br>| &nbsp;&nbsp; 4772173<br>| &nbsp;&nbsp; 1359976<br>|
| Total expenses | 204488 | &nbsp;&nbsp; 1434742 | &nbsp;&nbsp; 4772173 | &nbsp;&nbsp; 1359976 |
| Less fees waived by the investment advisor |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net expenses | 204488 | &nbsp;&nbsp; 1434742 | &nbsp;&nbsp; 4772173 | &nbsp;&nbsp; 1359976 |
| **NET INVESTMENT INCOME (LOSS)** | (197456)<br>| &nbsp;&nbsp; (1378684)<br>| &nbsp;&nbsp; (4606050)<br>| &nbsp;&nbsp; (1310948)<br>|
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS):**<br>|  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Purchased options contracts | (1083391)<br>| &nbsp;&nbsp; (8726862)<br>| &nbsp;&nbsp; (30603874)<br>| &nbsp;&nbsp; 55721 |
| Written options contracts | (466109)<br>| &nbsp;&nbsp; 224025 | &nbsp;&nbsp; 278447 | &nbsp;&nbsp; 4415153 |
| In-kind redemptions - Purchased options <br> contracts<br>| 929949 | &nbsp;&nbsp; 20807390 | &nbsp;&nbsp; 54468646 | &nbsp;&nbsp; 12083723 |
| In-kind redemptions - Written options contracts | 2172464 | &nbsp;&nbsp; 3015940 | &nbsp;&nbsp; 24286254 | &nbsp;&nbsp; 544783 |
| Net realized gain (loss) | 1552913 | &nbsp;&nbsp; 15320493 | &nbsp;&nbsp; 48429473 | &nbsp;&nbsp; 17099380 |
| Net change in unrealized appreciation (depreciation) <br> on:<br>|  |  |  |  |
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Purchased options contracts | 1165862 | &nbsp;&nbsp; (3034865)<br>| &nbsp;&nbsp; 29477307 | &nbsp;&nbsp; 8469025 |
| Written options contracts | (525895)<br>| &nbsp;&nbsp; 1611838 | &nbsp;&nbsp; (2652143)<br>| &nbsp;&nbsp; (7788335)<br>|
| Net change in unrealized appreciation (depreciation) | 639967 | &nbsp;&nbsp; (1423027)<br>| &nbsp;&nbsp; 26825164 | &nbsp;&nbsp; 680690 |
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS)**<br>| 2192880 | &nbsp;&nbsp; 13897466 | &nbsp;&nbsp; 75254637 | &nbsp;&nbsp; 17780070 |
| **NET INCREASE (DECREASE) IN NET** <br> **ASSETS RESULTING FROM** <br> **OPERATIONS**<br>| $1995424 | &nbsp;&nbsp; $12518782 | &nbsp;&nbsp; $70648587 | &nbsp;&nbsp; $16469122 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest Nasdaq-**<br> **100**<sup>®</sup> **Conservative** <br> **Buffer ETF - July** <br>**(QCJL)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - July** <br>**(XJUL)** <br>| **FT Vest Nasdaq-**<br> **100**<sup>®</sup> **Moderate** <br> **Buffer ETF -** <br> **August** <br>**(QMAG)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - August** <br>**(XAUG)** <br>| **FT Vest** <br> **International** <br> **Equity Moderate** <br> **Buffer ETF -** <br> **September** <br>**(YSEP)** <br>| **FT Vest Nasdaq-**<br> **100**<sup>®</sup> **Buffer ETF -** <br> **September** <br>**(QSPT)** <br>|
| $7737 | &nbsp;&nbsp; $15863 | &nbsp;&nbsp; $3384 | &nbsp;&nbsp; $11100 | &nbsp;&nbsp; $23144 | &nbsp;&nbsp; $117560 |
| 7737 | &nbsp;&nbsp; 15863 | &nbsp;&nbsp; 3384 | &nbsp;&nbsp; 11100 | &nbsp;&nbsp; 23144 | &nbsp;&nbsp; 117560 |
| 514374<br>| &nbsp;&nbsp; 449096<br>| &nbsp;&nbsp; 424831<br>| &nbsp;&nbsp; 314334<br>| &nbsp;&nbsp; 689105<br>| &nbsp;&nbsp; 3338085<br>|
| 514374 | &nbsp;&nbsp; 449096 | &nbsp;&nbsp; 424831 | &nbsp;&nbsp; 314334 | &nbsp;&nbsp; 689105 | &nbsp;&nbsp; 3338085 |
| 514374 | &nbsp;&nbsp; 449096 | &nbsp;&nbsp; 424831 | &nbsp;&nbsp; 314334 | &nbsp;&nbsp; 689105 | &nbsp;&nbsp; 3338085 |
| (506637)<br>| &nbsp;&nbsp; (433233)<br>| &nbsp;&nbsp; (421447)<br>| &nbsp;&nbsp; (303234)<br>| &nbsp;&nbsp; (665961)<br>| &nbsp;&nbsp; (3220525)<br>|
| (3621095)<br>| &nbsp;&nbsp; 4659984 | &nbsp;&nbsp; (1628151)<br>| &nbsp;&nbsp; 3759778 | &nbsp;&nbsp; (1246448)<br>| &nbsp;&nbsp; (7277107)<br>|
| (925719)<br>| &nbsp;&nbsp; (3499194)<br>| &nbsp;&nbsp; (925454)<br>| &nbsp;&nbsp; (4093487)<br>| &nbsp;&nbsp; (23159)<br>| &nbsp;&nbsp; (16015964)<br>|
| 10752421 | &nbsp;&nbsp; 5151173 | &nbsp;&nbsp; 10295816 | &nbsp;&nbsp; 5028940 | &nbsp;&nbsp; 6725057 | &nbsp;&nbsp; 59071686 |
| 1569505 | &nbsp;&nbsp; (391675)<br>| &nbsp;&nbsp; (41465)<br>| &nbsp;&nbsp; (362213)<br>| &nbsp;&nbsp; 1260577 | &nbsp;&nbsp; 10078881 |
| 7775112 | &nbsp;&nbsp; 5920288 | &nbsp;&nbsp; 7700746 | &nbsp;&nbsp; 4333018 | &nbsp;&nbsp; 6716027 | &nbsp;&nbsp; 45857496 |
| (64427)<br>| &nbsp;&nbsp; (101172)<br>| &nbsp;&nbsp; (134972)<br>| &nbsp;&nbsp; (321790)<br>| &nbsp;&nbsp; 2913686 | &nbsp;&nbsp; (6194371)<br>|
| 105086 | &nbsp;&nbsp; (114817)<br>| &nbsp;&nbsp; (124041)<br>| &nbsp;&nbsp; 263328 | &nbsp;&nbsp; 382314 | &nbsp;&nbsp; 17470370 |
| 40659 | &nbsp;&nbsp; (215989)<br>| &nbsp;&nbsp; (259013)<br>| &nbsp;&nbsp; (58462)<br>| &nbsp;&nbsp; 3296000 | &nbsp;&nbsp; 11275999 |
| 7815771 | &nbsp;&nbsp; 5704299 | &nbsp;&nbsp; 7441733 | &nbsp;&nbsp; 4274556 | &nbsp;&nbsp; 10012027 | &nbsp;&nbsp; 57133495 |
| $7309134 | &nbsp;&nbsp; $5271066 | &nbsp;&nbsp; $7020286 | &nbsp;&nbsp; $3971322 | &nbsp;&nbsp; $9346066 | &nbsp;&nbsp; $53912970 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Operations (Continued)**

**For the Period Ended August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF -** <br> **September** <br>**(XSEP)** <br>| **FT Vest** <br> **Nasdaq-100**<sup>®</sup> <br> **Conservative** <br> **Buffer ETF -** <br> **October** <br>**(QCOC) (c)**<br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - October** <br>**(XOCT)** <br>| **FT Vest** <br> **Nasdaq-100**<sup>®</sup> <br> **Moderate Buffer** <br> **ETF -** <br> **November** <br>**(QMNV) (d)**<br>|
| **INVESTMENT INCOME:** |  |  |  |  |
| Dividends - Unaffiliated | $36992 | &nbsp;&nbsp; $2913 | &nbsp;&nbsp; $22461 | &nbsp;&nbsp; $7730 |
| Total investment income | 36992 | &nbsp;&nbsp; 2913 | &nbsp;&nbsp; 22461 | &nbsp;&nbsp; 7730 |
| **EXPENSES:** |  |  |  |  |
| Investment advisory fees | 1049246<br>| &nbsp;&nbsp; 271466<br>| &nbsp;&nbsp; 660864<br>| &nbsp;&nbsp; 279882<br>|
| Total expenses | 1049246 | &nbsp;&nbsp; 271466 | &nbsp;&nbsp; 660864 | &nbsp;&nbsp; 279882 |
| Less fees waived by the investment advisor |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net expenses | 1049246 | &nbsp;&nbsp; 271466 | &nbsp;&nbsp; 660864 | &nbsp;&nbsp; 279882 |
| **NET INVESTMENT INCOME (LOSS)** | (1012254)<br>| &nbsp;&nbsp; (268553)<br>| &nbsp;&nbsp; (638403)<br>| &nbsp;&nbsp; (272152)<br>|
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS):**<br>|  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Purchased options contracts | 36136212 | &nbsp;&nbsp; — | &nbsp;&nbsp; (820819)<br>| &nbsp;&nbsp; — |
| Written options contracts | (40778704)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (15550047)<br>| &nbsp;&nbsp; — |
| In-kind redemptions - Purchased options <br> contracts<br>| 17906407 | &nbsp;&nbsp; 1010773 | &nbsp;&nbsp; 16561877 | &nbsp;&nbsp; 1201898 |
| In-kind redemptions - Written options contracts | 643296 | &nbsp;&nbsp; 160478 | &nbsp;&nbsp; (4623539)<br>| &nbsp;&nbsp; 756874 |
| Net realized gain (loss) | 13907211 | &nbsp;&nbsp; 1171251 | &nbsp;&nbsp; (4432528)<br>| &nbsp;&nbsp; 1958772 |
| Net change in unrealized appreciation (depreciation) <br> on:<br>|  |  |  |  |
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Purchased options contracts | (30413656)<br>| &nbsp;&nbsp; 2546749 | &nbsp;&nbsp; 564030 | &nbsp;&nbsp; 1669874 |
| Written options contracts | 28328084 | &nbsp;&nbsp; 51301 | &nbsp;&nbsp; 12448814 | &nbsp;&nbsp; 9624 |
| Net change in unrealized appreciation (depreciation) | (2085572)<br>| &nbsp;&nbsp; 2598050 | &nbsp;&nbsp; 13012844 | &nbsp;&nbsp; 1679498 |
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS)**<br>| 11821639 | &nbsp;&nbsp; 3769301 | &nbsp;&nbsp; 8580316 | &nbsp;&nbsp; 3638270 |
| **NET INCREASE (DECREASE) IN NET** <br> **ASSETS RESULTING FROM** <br> **OPERATIONS**<br>| $10809385 | &nbsp;&nbsp; $3500748 | &nbsp;&nbsp; $7941913 | &nbsp;&nbsp; $3366118 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(c) Inception
 date is October 18, 2024, which is consistent with the commencement of investment operations and is the date the initial creation
 units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Inception
 date is November 15, 2024, which is consistent with the commencement of investment operations and is the date the initial
 creation units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Inception
 date is September 25, 2024, which is consistent with the commencement of investment operations and is the date the initial
 creation units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Inception
 date is June 24, 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

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - November** <br>**(XNOV)** <br>| **FT Vest** <br> **International** <br> **Equity Moderate** <br> **Buffer ETF -** <br> **December** <br>**(YDEC)** <br>| **FT Vest Nasdaq-**<br> **100**<sup>®</sup> **Buffer ETF -** <br> **December** <br>**(QDEC)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF - December** <br>**(XDEC)** <br>| **FT Vest Laddered** <br> **International** <br> **Moderate Buffer** <br> **ETF** <br>**(BUFY) (e)**<br>| **FT Vest Laddered** <br> **Enhance &** <br> **Moderate Buffer** <br> **ETF** <br>**(BUFX) (f)**<br>|
| $7285 | &nbsp;&nbsp; $22301 | &nbsp;&nbsp; $148613 | &nbsp;&nbsp; $72883 | &nbsp;&nbsp; $42 | &nbsp;&nbsp; $12 |
| 7285 | &nbsp;&nbsp; 22301 | &nbsp;&nbsp; 148613 | &nbsp;&nbsp; 72883 | &nbsp;&nbsp; 42 | &nbsp;&nbsp; 12 |
| 195147<br>| &nbsp;&nbsp; 624662<br>| &nbsp;&nbsp; 4249378<br>| &nbsp;&nbsp; 2077230<br>| &nbsp;&nbsp; 28528<br>| &nbsp;&nbsp; 622<br>|
| 195147 | &nbsp;&nbsp; 624662 | &nbsp;&nbsp; 4249378 | &nbsp;&nbsp; 2077230 | &nbsp;&nbsp; 28528 | &nbsp;&nbsp; 622 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (11371)<br>| &nbsp;&nbsp; — |
| 195147 | &nbsp;&nbsp; 624662 | &nbsp;&nbsp; 4249378 | &nbsp;&nbsp; 2077230 | &nbsp;&nbsp; 17157 | &nbsp;&nbsp; 622 |
| (187862)<br>| &nbsp;&nbsp; (602361)<br>| &nbsp;&nbsp; (4100765)<br>| &nbsp;&nbsp; (2004347)<br>| &nbsp;&nbsp; (17115)<br>| &nbsp;&nbsp; (610)<br>|
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (4076)<br>| &nbsp;&nbsp; — |
| (764474)<br>| &nbsp;&nbsp; (4892507)<br>| &nbsp;&nbsp; (9504046)<br>| &nbsp;&nbsp; 79713984 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 522356 | &nbsp;&nbsp; 7820 | &nbsp;&nbsp; (20189322)<br>| &nbsp;&nbsp; (70576014)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 9692057 | &nbsp;&nbsp; 4825484 | &nbsp;&nbsp; 63830938 | &nbsp;&nbsp; 37109101 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| (7839831)<br>| &nbsp;&nbsp; 1038586 | &nbsp;&nbsp; 18380934 | &nbsp;&nbsp; (17467304)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 1610108 | &nbsp;&nbsp; 979383 | &nbsp;&nbsp; 52518504 | &nbsp;&nbsp; 28779767 | &nbsp;&nbsp; (4076)<br>| &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2142418 | &nbsp;&nbsp; 65398 |
| (4443804)<br>| &nbsp;&nbsp; 6443959 | &nbsp;&nbsp; (10230365)<br>| &nbsp;&nbsp; (69607070)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 5244594 | &nbsp;&nbsp; (3452763)<br>| &nbsp;&nbsp; 21465115 | &nbsp;&nbsp; 61234820 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 800790 | &nbsp;&nbsp; 2991196 | &nbsp;&nbsp; 11234750 | &nbsp;&nbsp; (8372250)<br>| &nbsp;&nbsp; 2142418 | &nbsp;&nbsp; 65398 |
| 2410898 | &nbsp;&nbsp; 3970579 | &nbsp;&nbsp; 63753254 | &nbsp;&nbsp; 20407517 | &nbsp;&nbsp; 2138342 | &nbsp;&nbsp; 65398 |
| $2223036 | &nbsp;&nbsp; $3368218 | &nbsp;&nbsp; $59652489 | &nbsp;&nbsp; $18403170 | &nbsp;&nbsp; $2121227 | &nbsp;&nbsp; $64788 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **Nasdaq-100**<sup>®</sup> <br> **Conservative** <br> **Buffer ETF -** <br> **January** <br> **(QCJA)**<br>| **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - January** <br> **(XJAN)** | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - January** <br> **(XJAN)** | **FT Vest** <br> **Nasdaq-100**<sup>®</sup> <br> **Moderate** <br> **Buffer ETF -** <br> **February** <br> **(QMFE)**<br>|
|  | **Period** <br>**Ended** <br>**8/31/2025 (a)**<br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (b)**<br>| **Period** <br>**Ended** <br>**8/31/2025 (c)**<br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(240761)<br>| &nbsp;&nbsp; $(398049)<br>| &nbsp;&nbsp; $(392423)<br>| &nbsp;&nbsp; $(187392)<br>|
| Net realized gain (loss) | 1274615 | &nbsp;&nbsp; 4542900 | &nbsp;&nbsp; 3970526 | &nbsp;&nbsp; 1928285 |
| Net change in unrealized appreciation (depreciation) | 2178392 | &nbsp;&nbsp; 62782 | &nbsp;&nbsp; 1609748 | &nbsp;&nbsp; 2745512 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 3212246 | &nbsp;&nbsp; 4207633 | &nbsp;&nbsp; 5187851 | &nbsp;&nbsp; 4486405 |
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 56660518<br>| &nbsp;&nbsp; 70243520<br>| &nbsp;&nbsp; 104880344<br>| &nbsp;&nbsp; 49281404<br>|
| Cost of shares redeemed | (10377644) <br>| &nbsp;&nbsp; (88587192) <br>| &nbsp;&nbsp; (54005482) <br>| &nbsp;&nbsp; (12392221) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 46282874 | &nbsp;&nbsp; (18343672)<br>| &nbsp;&nbsp; 50874862 | &nbsp;&nbsp; 36889183 |
| Total increase (decrease) in net assets | 49495120 | &nbsp;&nbsp; (14136039)<br>| &nbsp;&nbsp; 56062713 | &nbsp;&nbsp; 41375588 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period |  | &nbsp;&nbsp; 56062713 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| End of period | $49495120 | &nbsp;&nbsp; $41926674 | &nbsp;&nbsp; $56062713 | &nbsp;&nbsp; $41375588 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period |  | &nbsp;&nbsp; 1700002 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Shares sold | 2850002 | &nbsp;&nbsp; 2100000 | &nbsp;&nbsp; 3375002 | &nbsp;&nbsp; 2550002 |
| Shares redeemed | (500000)<br>| &nbsp;&nbsp; (2625000)<br>| &nbsp;&nbsp; (1675000)<br>| &nbsp;&nbsp; (600000)<br>|
| Shares outstanding, end of period | 2350002 | &nbsp;&nbsp; 1175002 | &nbsp;&nbsp; 1700002 | &nbsp;&nbsp; 1950002 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is January 17, 2025, which is consistent with the commencement of investment operations and is the date the initial creation
 units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Inception
 date is January 19, 2024, which is consistent with the commencement of investment operations and is the date the initial creation
 units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Inception
 date is February 21, 2025, which is consistent with the commencement of investment operations and is the date the initial
 creation units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Inception
 date is February 16, 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

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - February** <br> **(XFEB)** | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - February** <br> **(XFEB)** | **FT Vest International Equity Moderate** <br> **Buffer ETF - March (YMAR)** | **FT Vest International Equity Moderate** <br> **Buffer ETF - March (YMAR)** | **FT Vest Nasdaq-100**<sup>®</sup> **Buffer ETF -** <br> **March (QMAR)** | **FT Vest Nasdaq-100**<sup>®</sup> **Buffer ETF -** <br> **March (QMAR)** |
| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (d)**<br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| $(332567)<br>| &nbsp;&nbsp; $(126258)<br>| &nbsp;&nbsp; $(967059)<br>| &nbsp;&nbsp; $(659295)<br>| &nbsp;&nbsp; $(3747434)<br>| &nbsp;&nbsp; $(2586668)<br>|
| 2985246 | &nbsp;&nbsp; 1223309 | &nbsp;&nbsp; 5844710 | &nbsp;&nbsp; 9753565 | &nbsp;&nbsp; 36603545 | &nbsp;&nbsp; 41963651 |
| 1749024 | &nbsp;&nbsp; 672660 | &nbsp;&nbsp; 4312719 | &nbsp;&nbsp; 2737594 | &nbsp;&nbsp; 16185107 | &nbsp;&nbsp; 6489553 |
| 4401703 | &nbsp;&nbsp; 1769711 | &nbsp;&nbsp; 9190370 | &nbsp;&nbsp; 11831864 | &nbsp;&nbsp; 49041218 | &nbsp;&nbsp; 45866536 |
| 74485284<br>| &nbsp;&nbsp; 37843209<br>| &nbsp;&nbsp; 155060257<br>| &nbsp;&nbsp; 130884501<br>| &nbsp;&nbsp; 453812300<br>| &nbsp;&nbsp; 487310139<br>|
| (55919548) <br>| &nbsp;&nbsp; (14111863) <br>| &nbsp;&nbsp; (129127347) <br>| &nbsp;&nbsp; (102562460) <br>| &nbsp;&nbsp; (468306905) <br>| &nbsp;&nbsp; (302301920) <br>|
| 18565736 | &nbsp;&nbsp; 23731346 | &nbsp;&nbsp; 25932910 | &nbsp;&nbsp; 28322041 | &nbsp;&nbsp; (14494605)<br>| &nbsp;&nbsp; 185008219 |
| 22967439 | &nbsp;&nbsp; 25501057 | &nbsp;&nbsp; 35123280 | &nbsp;&nbsp; 40153905 | &nbsp;&nbsp; 34546613 | &nbsp;&nbsp; 230874755 |
| 25501057 | &nbsp;&nbsp; — | &nbsp;&nbsp; 99693605 | &nbsp;&nbsp; 59539700 | &nbsp;&nbsp; 416610335 | &nbsp;&nbsp; 185735580 |
| $48468496 | &nbsp;&nbsp; $25501057 | &nbsp;&nbsp; $134816885 | &nbsp;&nbsp; $99693605 | &nbsp;&nbsp; $451156948 | &nbsp;&nbsp; $416610335 |
| 800002 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4150002 | &nbsp;&nbsp; 2850002 | &nbsp;&nbsp; 14800002 | &nbsp;&nbsp; 7600002 |
| 2300000 | &nbsp;&nbsp; 1250002 | &nbsp;&nbsp; 6350000 | &nbsp;&nbsp; 5850000 | &nbsp;&nbsp; 15750000 | &nbsp;&nbsp; 18650000 |
| (1700000)<br>| &nbsp;&nbsp; (450000)<br>| &nbsp;&nbsp; (5300000)<br>| &nbsp;&nbsp; (4550000)<br>| &nbsp;&nbsp; (16300000)<br>| &nbsp;&nbsp; (11450000)<br>|
| 1400002 | &nbsp;&nbsp; 800002 | &nbsp;&nbsp; 5200002 | &nbsp;&nbsp; 4150002 | &nbsp;&nbsp; 14250002 | &nbsp;&nbsp; 14800002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets (Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - March** <br> **(XMAR)** | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - March** <br> **(XMAR)** | **FT Vest Nasdaq-100**<sup>®</sup> <br> **Conservative Buffer ETF - April** <br> **(QCAP)** | **FT Vest Nasdaq-100**<sup>®</sup> <br> **Conservative Buffer ETF - April** <br> **(QCAP)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (e)**<br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(1408659)<br>| &nbsp;&nbsp; $(1685824)<br>| &nbsp;&nbsp; $(304968)<br>| &nbsp;&nbsp; $(87555)<br>|
| Net realized gain (loss) | 19895731 | &nbsp;&nbsp; 24114970 | &nbsp;&nbsp; 1767709 | &nbsp;&nbsp; 357548 |
| Net change in unrealized appreciation (depreciation) | (842926)<br>| &nbsp;&nbsp; (2812893)<br>| &nbsp;&nbsp; 1980480 | &nbsp;&nbsp; 1050833 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 17644146 | &nbsp;&nbsp; 19616253 | &nbsp;&nbsp; 3443221 | &nbsp;&nbsp; 1320826 |
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 49911318<br>| &nbsp;&nbsp; 216352029<br>| &nbsp;&nbsp; 43359329<br>| &nbsp;&nbsp; 38016352<br>|
| Cost of shares redeemed | (75804875) <br>| &nbsp;&nbsp; (322379752) <br>| &nbsp;&nbsp; (37338854) <br>| &nbsp;&nbsp; (8355918) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| (25893557)<br>| &nbsp;&nbsp; (106027723)<br>| &nbsp;&nbsp; 6020475 | &nbsp;&nbsp; 29660434 |
| Total increase (decrease) in net assets | (8249411)<br>| &nbsp;&nbsp; (86411470)<br>| &nbsp;&nbsp; 9463696 | &nbsp;&nbsp; 30981260 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 182479544 | &nbsp;&nbsp; 268891014 | &nbsp;&nbsp; 30981260 | &nbsp;&nbsp; — |
| End of period | $174230133 | &nbsp;&nbsp; $182479544 | &nbsp;&nbsp; $40444956 | &nbsp;&nbsp; $30981260 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 5175002 | &nbsp;&nbsp; 8425002 | &nbsp;&nbsp; 1450002 | &nbsp;&nbsp; — |
| Shares sold | 1375000 | &nbsp;&nbsp; 6500000 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1850002 |
| Shares redeemed | (2075000)<br>| &nbsp;&nbsp; (9750000)<br>| &nbsp;&nbsp; (1700000)<br>| &nbsp;&nbsp; (400000)<br>|
| Shares outstanding, end of period | 4475002 | &nbsp;&nbsp; 5175002 | &nbsp;&nbsp; 1750002 | &nbsp;&nbsp; 1450002 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(e) Inception
 date is April 19, 2024, which is consistent with the commencement of investment operations and is the date the initial creation
 units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Inception
 date is May 17, 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

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - April (XAPR)** | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - April (XAPR)** | **FT Vest Nasdaq-100**<sup>®</sup> **Moderate Buffer** <br> **ETF - May (QMMY)** | **FT Vest Nasdaq-100**<sup>®</sup> **Moderate Buffer** <br> **ETF - May (QMMY)** | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - May (XMAY)** | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - May (XMAY)** |
| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (e)**<br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (f)**<br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (f)**<br>|
| $(277986)<br>| &nbsp;&nbsp; $(39990)<br>| &nbsp;&nbsp; $(581125)<br>| &nbsp;&nbsp; $(251595)<br>| &nbsp;&nbsp; $(197456)<br>| &nbsp;&nbsp; $(64876)<br>|
| 2893193 | &nbsp;&nbsp; 118501 | &nbsp;&nbsp; 15381526 | &nbsp;&nbsp; 2998700 | &nbsp;&nbsp; 1552913 | &nbsp;&nbsp; 298508 |
| 750316 | &nbsp;&nbsp; 573667 | &nbsp;&nbsp; 3710968 | &nbsp;&nbsp; 481458 | &nbsp;&nbsp; 639967 | &nbsp;&nbsp; 258305 |
| 3365523 | &nbsp;&nbsp; 652178 | &nbsp;&nbsp; 18511369 | &nbsp;&nbsp; 3228563 | &nbsp;&nbsp; 1995424 | &nbsp;&nbsp; 491937 |
| 82676145<br>| &nbsp;&nbsp; 14345934<br>| &nbsp;&nbsp; 235030850<br>| &nbsp;&nbsp; 125641500<br>| &nbsp;&nbsp; 31866259<br>| &nbsp;&nbsp; 41074634<br>|
| (48655928) <br>| &nbsp;&nbsp; (780648) <br>| &nbsp;&nbsp; (218076230) <br>| &nbsp;&nbsp; (73074098) <br>| &nbsp;&nbsp; (33362857) <br>| &nbsp;&nbsp; (20013619) <br>|
| 34020217 | &nbsp;&nbsp; 13565286 | &nbsp;&nbsp; 16954620 | &nbsp;&nbsp; 52567402 | &nbsp;&nbsp; (1496598)<br>| &nbsp;&nbsp; 21061015 |
| 37385740 | &nbsp;&nbsp; 14217464 | &nbsp;&nbsp; 35465989 | &nbsp;&nbsp; 55795965 | &nbsp;&nbsp; 498826 | &nbsp;&nbsp; 21552952 |
| 14217464 | &nbsp;&nbsp; — | &nbsp;&nbsp; 55795965 | &nbsp;&nbsp; — | &nbsp;&nbsp; 21552952 | &nbsp;&nbsp; — |
| $51603204 | &nbsp;&nbsp; $14217464 | &nbsp;&nbsp; $91261954 | &nbsp;&nbsp; $55795965 | &nbsp;&nbsp; $22051778 | &nbsp;&nbsp; $21552952 |
| 450002 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2700002 | &nbsp;&nbsp; — | &nbsp;&nbsp; 700002 | &nbsp;&nbsp; — |
| 2475000 | &nbsp;&nbsp; 475002 | &nbsp;&nbsp; 10850000 | &nbsp;&nbsp; 6250002 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1375002 |
| (1475000)<br>| &nbsp;&nbsp; (25000)<br>| &nbsp;&nbsp; (9750000)<br>| &nbsp;&nbsp; (3550000)<br>| &nbsp;&nbsp; (1050000)<br>| &nbsp;&nbsp; (675000)<br>|
| 1450002 | &nbsp;&nbsp; 450002 | &nbsp;&nbsp; 3800002 | &nbsp;&nbsp; 2700002 | &nbsp;&nbsp; 650002 | &nbsp;&nbsp; 700002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets (Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest International Equity** <br> **Moderate Buffer ETF - June** <br> **(YJUN)** | **FT Vest International Equity** <br> **Moderate Buffer ETF - June** <br> **(YJUN)** | **FT Vest Nasdaq-100**<sup>®</sup> **Buffer ETF** <br> **- June (QJUN)** | **FT Vest Nasdaq-100**<sup>®</sup> **Buffer ETF** <br> **- June (QJUN)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(1378684)<br>| &nbsp;&nbsp; $(1304385)<br>| &nbsp;&nbsp; $(4606050)<br>| &nbsp;&nbsp; $(3217112)<br>|
| Net realized gain (loss) | 15320493 | &nbsp;&nbsp; 10012980 | &nbsp;&nbsp; 48429473 | &nbsp;&nbsp; 68134047 |
| Net change in unrealized appreciation (depreciation) | (1423027)<br>| &nbsp;&nbsp; 8037446 | &nbsp;&nbsp; 26825164 | &nbsp;&nbsp; (4655075)<br>|
| Net increase (decrease) in net assets resulting from <br> operations<br>| 12518782 | &nbsp;&nbsp; 16746041 | &nbsp;&nbsp; 70648587 | &nbsp;&nbsp; 60261860 |
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 199270512<br>| &nbsp;&nbsp; 230270343<br>| &nbsp;&nbsp; 811461664<br>| &nbsp;&nbsp; 552804745<br>|
| Cost of shares redeemed | (218917756) <br>| &nbsp;&nbsp; (186864212) <br>| &nbsp;&nbsp; (735802462) <br>| &nbsp;&nbsp; (491123504) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| (19647244)<br>| &nbsp;&nbsp; 43406131 | &nbsp;&nbsp; 75659202 | &nbsp;&nbsp; 61681241 |
| Total increase (decrease) in net assets | (7128462)<br>| &nbsp;&nbsp; 60152172 | &nbsp;&nbsp; 146307789 | &nbsp;&nbsp; 121943101 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 174275037 | &nbsp;&nbsp; 114122865 | &nbsp;&nbsp; 484859527 | &nbsp;&nbsp; 362916426 |
| End of period | $167146575 | &nbsp;&nbsp; $174275037 | &nbsp;&nbsp; $631167316 | &nbsp;&nbsp; $484859527 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 7700002 | &nbsp;&nbsp; 5650002 | &nbsp;&nbsp; 18250002 | &nbsp;&nbsp; 16050002 |
| Shares sold | 8250000 | &nbsp;&nbsp; 10550000 | &nbsp;&nbsp; 28200000 | &nbsp;&nbsp; 21400000 |
| Shares redeemed | (9200000)<br>| &nbsp;&nbsp; (8500000)<br>| &nbsp;&nbsp; (25650000)<br>| &nbsp;&nbsp; (19200000)<br>|
| Shares outstanding, end of period | 6750002 | &nbsp;&nbsp; 7700002 | &nbsp;&nbsp; 20800002 | &nbsp;&nbsp; 18250002 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(g) Inception
 date is July 19, 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

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - June (XJUN)** | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - June (XJUN)** | **FT Vest Nasdaq-100**<sup>®</sup> **Conservative** <br> **Buffer ETF - July (QCJL)** | **FT Vest Nasdaq-100**<sup>®</sup> **Conservative** <br> **Buffer ETF - July (QCJL)** | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - July (XJUL)** | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - July (XJUL)** |
| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (g)**<br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| $(1310948)<br>| &nbsp;&nbsp; $(1946901)<br>| &nbsp;&nbsp; $(506637)<br>| &nbsp;&nbsp; $(37856)<br>| &nbsp;&nbsp; $(433233)<br>| &nbsp;&nbsp; $(399477)<br>|
| 17099380 | &nbsp;&nbsp; 29773581 | &nbsp;&nbsp; 7775112 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5920288 | &nbsp;&nbsp; 5784604 |
| 680690 | &nbsp;&nbsp; (988093)<br>| &nbsp;&nbsp; 40659 | &nbsp;&nbsp; 783865 | &nbsp;&nbsp; (215989)<br>| &nbsp;&nbsp; 740794 |
| 16469122 | &nbsp;&nbsp; 26838587 | &nbsp;&nbsp; 7309134 | &nbsp;&nbsp; 746009 | &nbsp;&nbsp; 5271066 | &nbsp;&nbsp; 6125921 |
| 83026175<br>| &nbsp;&nbsp; 72416725<br>| &nbsp;&nbsp; 111692964<br>| &nbsp;&nbsp; 47634421<br>| &nbsp;&nbsp; 50499329<br>| &nbsp;&nbsp; 73434829<br>|
| (140630535) <br>| &nbsp;&nbsp; (261108531) <br>| &nbsp;&nbsp; (88583042) <br>| &nbsp;&nbsp; —<br>| &nbsp;&nbsp; (60290605) <br>| &nbsp;&nbsp; (65442590) <br>|
| (57604360)<br>| &nbsp;&nbsp; (188691806)<br>| &nbsp;&nbsp; 23109922 | &nbsp;&nbsp; 47634421 | &nbsp;&nbsp; (9791276)<br>| &nbsp;&nbsp; 7992239 |
| (41135238)<br>| &nbsp;&nbsp; (161853219)<br>| &nbsp;&nbsp; 30419056 | &nbsp;&nbsp; 48380430 | &nbsp;&nbsp; (4520210)<br>| &nbsp;&nbsp; 14118160 |
| 186547120 | &nbsp;&nbsp; 348400339 | &nbsp;&nbsp; 48380430 | &nbsp;&nbsp; — | &nbsp;&nbsp; 51944949 | &nbsp;&nbsp; 37826789 |
| $145411882 | &nbsp;&nbsp; $186547120 | &nbsp;&nbsp; $78799486 | &nbsp;&nbsp; $48380430 | &nbsp;&nbsp; $47424739 | &nbsp;&nbsp; $51944949 |
| 4950002 | &nbsp;&nbsp; 10325002 | &nbsp;&nbsp; 2400002 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1500002 | &nbsp;&nbsp; 1225002 |
| 2075000 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 5100000 | &nbsp;&nbsp; 2400002 | &nbsp;&nbsp; 1400000 | &nbsp;&nbsp; 2225000 |
| (3550000)<br>| &nbsp;&nbsp; (7375000)<br>| &nbsp;&nbsp; (4050000)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1650000)<br>| &nbsp;&nbsp; (1950000)<br>|
| 3475002 | &nbsp;&nbsp; 4950002 | &nbsp;&nbsp; 3450002 | &nbsp;&nbsp; 2400002 | &nbsp;&nbsp; 1250002 | &nbsp;&nbsp; 1500002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets (Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest Nasdaq-100**<sup>®</sup> **Moderate** <br> **Buffer ETF - August (QMAG)** | **FT Vest Nasdaq-100**<sup>®</sup> **Moderate** <br> **Buffer ETF - August (QMAG)** | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - August** <br> **(XAUG)** | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - August** <br> **(XAUG)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (h)**<br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(421447)<br>| &nbsp;&nbsp; $(9768)<br>| &nbsp;&nbsp; $(303234)<br>| &nbsp;&nbsp; $(212878)<br>|
| Net realized gain (loss) | 7700746 | &nbsp;&nbsp; 2681 | &nbsp;&nbsp; 4333018 | &nbsp;&nbsp; 3059949 |
| Net change in unrealized appreciation (depreciation) | (259013)<br>| &nbsp;&nbsp; 196948 | &nbsp;&nbsp; (58462)<br>| &nbsp;&nbsp; (144373)<br>|
| Net increase (decrease) in net assets resulting from <br> operations<br>| 7020286 | &nbsp;&nbsp; 189861 | &nbsp;&nbsp; 3971322 | &nbsp;&nbsp; 2702698 |
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 74763302<br>| &nbsp;&nbsp; 72903702<br>| &nbsp;&nbsp; 51129441<br>| &nbsp;&nbsp; 50998466<br>|
| Cost of shares redeemed | (105187637) <br>| &nbsp;&nbsp; (1003223) <br>| &nbsp;&nbsp; (52715757) <br>| &nbsp;&nbsp; (61550209) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| (30424335)<br>| &nbsp;&nbsp; 71900479 | &nbsp;&nbsp; (1586316)<br>| &nbsp;&nbsp; (10551743)<br>|
| Total increase (decrease) in net assets | (23404049)<br>| &nbsp;&nbsp; 72090340 | &nbsp;&nbsp; 2385006 | &nbsp;&nbsp; (7849045)<br>|
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 72090340 | &nbsp;&nbsp; — | &nbsp;&nbsp; 27550932 | &nbsp;&nbsp; 35399977 |
| End of period | $48686291 | &nbsp;&nbsp; $72090340 | &nbsp;&nbsp; $29935938 | &nbsp;&nbsp; $27550932 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 3600002 | &nbsp;&nbsp; — | &nbsp;&nbsp; 825002 | &nbsp;&nbsp; 1175002 |
| Shares sold | 3450000 | &nbsp;&nbsp; 3650002 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1600000 |
| Shares redeemed | (4900000)<br>| &nbsp;&nbsp; (50000)<br>| &nbsp;&nbsp; (1500000)<br>| &nbsp;&nbsp; (1950000)<br>|
| Shares outstanding, end of period | 2150002 | &nbsp;&nbsp; 3600002 | &nbsp;&nbsp; 825002 | &nbsp;&nbsp; 825002 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(h) Inception
 date is August 16, 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

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest International Equity Moderate** <br> **Buffer ETF - September (YSEP)** | **FT Vest International Equity Moderate** <br> **Buffer ETF - September (YSEP)** | **FT Vest Nasdaq-100**<sup>®</sup> **Buffer ETF -** <br> **September (QSPT)** | **FT Vest Nasdaq-100**<sup>®</sup> **Buffer ETF -** <br> **September (QSPT)** | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - September** <br> **(XSEP)** | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - September** <br> **(XSEP)** |
| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| $(665961)<br>| &nbsp;&nbsp; $(282602)<br>| &nbsp;&nbsp; $(3220525)<br>| &nbsp;&nbsp; $(2084232)<br>| &nbsp;&nbsp; $(1012254)<br>| &nbsp;&nbsp; $(1076145)<br>|
| 6716027 | &nbsp;&nbsp; 3427841 | &nbsp;&nbsp; 45857496 | &nbsp;&nbsp; 28910155 | &nbsp;&nbsp; 13907211 | &nbsp;&nbsp; 9131328 |
| 3296000 | &nbsp;&nbsp; 1868894 | &nbsp;&nbsp; 11275999 | &nbsp;&nbsp; 19117548 | &nbsp;&nbsp; (2085572)<br>| &nbsp;&nbsp; 6432087 |
| 9346066 | &nbsp;&nbsp; 5014133 | &nbsp;&nbsp; 53912970 | &nbsp;&nbsp; 45943471 | &nbsp;&nbsp; 10809385 | &nbsp;&nbsp; 14487270 |
| 113954294<br>| &nbsp;&nbsp; 33373991<br>| &nbsp;&nbsp; 410173090<br>| &nbsp;&nbsp; 293463972<br>| &nbsp;&nbsp; 79870112<br>| &nbsp;&nbsp; 182087585<br>|
| (62894257) <br>| &nbsp;&nbsp; (27913489) <br>| &nbsp;&nbsp; (349771361) <br>| &nbsp;&nbsp; (155982996) <br>| &nbsp;&nbsp; (113036953) <br>| &nbsp;&nbsp; (143113593) <br>|
| 51060037 | &nbsp;&nbsp; 5460502 | &nbsp;&nbsp; 60401729 | &nbsp;&nbsp; 137480976 | &nbsp;&nbsp; (33166841)<br>| &nbsp;&nbsp; 38973992 |
| 60406103 | &nbsp;&nbsp; 10474635 | &nbsp;&nbsp; 114314699 | &nbsp;&nbsp; 183424447 | &nbsp;&nbsp; (22357456)<br>| &nbsp;&nbsp; 53461262 |
| 34253525 | &nbsp;&nbsp; 23778890 | &nbsp;&nbsp; 293273209 | &nbsp;&nbsp; 109848762 | &nbsp;&nbsp; 149680732 | &nbsp;&nbsp; 96219470 |
| $94659628 | &nbsp;&nbsp; $34253525 | &nbsp;&nbsp; $407587908 | &nbsp;&nbsp; $293273209 | &nbsp;&nbsp; $127323276 | &nbsp;&nbsp; $149680732 |
| 1500002 | &nbsp;&nbsp; 1200002 | &nbsp;&nbsp; 11100002 | &nbsp;&nbsp; 5000002 | &nbsp;&nbsp; 3925002 | &nbsp;&nbsp; 2800002 |
| 5050000 | &nbsp;&nbsp; 1700000 | &nbsp;&nbsp; 15300000 | &nbsp;&nbsp; 12850000 | &nbsp;&nbsp; 2075000 | &nbsp;&nbsp; 5225000 |
| (2750000)<br>| &nbsp;&nbsp; (1400000)<br>| &nbsp;&nbsp; (13050000)<br>| &nbsp;&nbsp; (6750000)<br>| &nbsp;&nbsp; (2925000)<br>| &nbsp;&nbsp; (4100000)<br>|
| 3800002 | &nbsp;&nbsp; 1500002 | &nbsp;&nbsp; 13350002 | &nbsp;&nbsp; 11100002 | &nbsp;&nbsp; 3075002 | &nbsp;&nbsp; 3925002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets (Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **Nasdaq-100**<sup>®</sup> <br> **Conservative** <br> **Buffer ETF -** <br> **October** <br> **(QCOC)**<br>| **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - October** <br> **(XOCT)** | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - October** <br> **(XOCT)** | **FT Vest** <br> **Nasdaq-100**<sup>®</sup> <br> **Moderate** <br> **Buffer ETF -** <br> **November** <br> **(QMNV)**<br>|
|  | **Period** <br>**Ended** <br>**8/31/2025 (i)**<br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (j)**<br>| **Period** <br>**Ended** <br>**8/31/2025 (k)**<br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(268553)<br>| &nbsp;&nbsp; $(638403)<br>| &nbsp;&nbsp; $(336369)<br>| &nbsp;&nbsp; $(272152)<br>|
| Net realized gain (loss) | 1171251 | &nbsp;&nbsp; (4432528)<br>| &nbsp;&nbsp; 10572913 | &nbsp;&nbsp; 1958772 |
| Net change in unrealized appreciation (depreciation) | 2598050 | &nbsp;&nbsp; 13012844 | &nbsp;&nbsp; (6190052)<br>| &nbsp;&nbsp; 1679498 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 3500748 | &nbsp;&nbsp; 7941913 | &nbsp;&nbsp; 4046492 | &nbsp;&nbsp; 3366118 |
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 46627272<br>| &nbsp;&nbsp; 123108105<br>| &nbsp;&nbsp; 77544291<br>| &nbsp;&nbsp; 61254070<br>|
| Cost of shares redeemed | (14335621) <br>| &nbsp;&nbsp; (72333575) <br>| &nbsp;&nbsp; (23417416) <br>| &nbsp;&nbsp; (30650194) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 32291651 | &nbsp;&nbsp; 50774530 | &nbsp;&nbsp; 54126875 | &nbsp;&nbsp; 30603876 |
| Total increase (decrease) in net assets | 35792399 | &nbsp;&nbsp; 58716443 | &nbsp;&nbsp; 58173367 | &nbsp;&nbsp; 33969994 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period |  | &nbsp;&nbsp; 58173367 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| End of period | $35792399 | &nbsp;&nbsp; $116889810 | &nbsp;&nbsp; $58173367 | &nbsp;&nbsp; $33969994 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period |  | &nbsp;&nbsp; 1725002 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Shares sold | 2350002 | &nbsp;&nbsp; 3600000 | &nbsp;&nbsp; 2425002 | &nbsp;&nbsp; 3050002 |
| Shares redeemed | (700000)<br>| &nbsp;&nbsp; (2125000)<br>| &nbsp;&nbsp; (700000)<br>| &nbsp;&nbsp; (1500000)<br>|
| Shares outstanding, end of period | 1650002 | &nbsp;&nbsp; 3200002 | &nbsp;&nbsp; 1725002 | &nbsp;&nbsp; 1550002 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(i) Inception
 date is October 18, 2024, which is consistent with the commencement of investment operations and is the date the initial creation
 units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Inception
 date is October 20, 2023, which is consistent with the commencement of investment operations and is the date the initial creation
 units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(k) Inception
 date is November 15, 2024, which is consistent with the commencement of investment operations and is the date the initial
 creation units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(l) Inception
 date is November 17, 2023, which is consistent with the commencement of investment operations and is the date the initial
 creation units were established.

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - November** <br> **(XNOV)** | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - November** <br> **(XNOV)** | **FT Vest International Equity Moderate** <br> **Buffer ETF - December (YDEC)** | **FT Vest International Equity Moderate** <br> **Buffer ETF - December (YDEC)** | **FT Vest Nasdaq-100**<sup>®</sup> **Buffer ETF -** <br> **December (QDEC)** | **FT Vest Nasdaq-100**<sup>®</sup> **Buffer ETF -** <br> **December (QDEC)** |
| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (l)**<br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| $(187862)<br>| &nbsp;&nbsp; $(164535)<br>| &nbsp;&nbsp; $(602361)<br>| &nbsp;&nbsp; $(619975)<br>| &nbsp;&nbsp; $(4100765)<br>| &nbsp;&nbsp; $(2685018)<br>|
| 1610108 | &nbsp;&nbsp; 1609292 | &nbsp;&nbsp; 979383 | &nbsp;&nbsp; 7471821 | &nbsp;&nbsp; 52518504 | &nbsp;&nbsp; 42130782 |
| 800790 | &nbsp;&nbsp; 564176 | &nbsp;&nbsp; 2991196 | &nbsp;&nbsp; 1088289 | &nbsp;&nbsp; 11234750 | &nbsp;&nbsp; 9015441 |
| 2223036 | &nbsp;&nbsp; 2008933 | &nbsp;&nbsp; 3368218 | &nbsp;&nbsp; 7940135 | &nbsp;&nbsp; 59652489 | &nbsp;&nbsp; 48461205 |
| 26941853<br>| &nbsp;&nbsp; 43731553<br>| &nbsp;&nbsp; 86202457<br>| &nbsp;&nbsp; 87926334<br>| &nbsp;&nbsp; 537783791<br>| &nbsp;&nbsp; 422454789<br>|
| (39734564) <br>| &nbsp;&nbsp; (9777645) <br>| &nbsp;&nbsp; (83561746) <br>| &nbsp;&nbsp; (89746682) <br>| &nbsp;&nbsp; (408665803) <br>| &nbsp;&nbsp; (258966577) <br>|
| (12792711)<br>| &nbsp;&nbsp; 33953908 | &nbsp;&nbsp; 2640711 | &nbsp;&nbsp; (1820348)<br>| &nbsp;&nbsp; 129117988 | &nbsp;&nbsp; 163488212 |
| (10569675)<br>| &nbsp;&nbsp; 35962841 | &nbsp;&nbsp; 6008929 | &nbsp;&nbsp; 6119787 | &nbsp;&nbsp; 188770477 | &nbsp;&nbsp; 211949417 |
| 35962841 | &nbsp;&nbsp; — | &nbsp;&nbsp; 70311374 | &nbsp;&nbsp; 64191587 | &nbsp;&nbsp; 355470601 | &nbsp;&nbsp; 143521184 |
| $25393166 | &nbsp;&nbsp; $35962841 | &nbsp;&nbsp; $76320303 | &nbsp;&nbsp; $70311374 | &nbsp;&nbsp; $544241078 | &nbsp;&nbsp; $355470601 |
| 1075002 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2850002 | &nbsp;&nbsp; 2950002 | &nbsp;&nbsp; 13500002 | &nbsp;&nbsp; 6300002 |
| 800000 | &nbsp;&nbsp; 1375002 | &nbsp;&nbsp; 3700000 | &nbsp;&nbsp; 3900000 | &nbsp;&nbsp; 19350000 | &nbsp;&nbsp; 17800000 |
| (1175000)<br>| &nbsp;&nbsp; (300000)<br>| &nbsp;&nbsp; (3550000)<br>| &nbsp;&nbsp; (4000000)<br>| &nbsp;&nbsp; (14800000)<br>| &nbsp;&nbsp; (10600000)<br>|
| 700002 | &nbsp;&nbsp; 1075002 | &nbsp;&nbsp; 3000002 | &nbsp;&nbsp; 2850002 | &nbsp;&nbsp; 18050002 | &nbsp;&nbsp; 13500002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets (Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - December** <br> **(XDEC)** | **FT Vest U.S. Equity Enhance &** <br> **Moderate Buffer ETF - December** <br> **(XDEC)** | **FT Vest** <br> **Laddered** <br> **International** <br> **Moderate** <br> **Buffer ETF** <br> **(BUFY)**<br>| **FT Vest** <br> **Laddered** <br> **Enhance &** <br> **Moderate** <br> **Buffer ETF** <br> **(BUFX)**<br>|
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Period** <br>**Ended** <br>**8/31/2025 (m)**<br>| **Period** <br>**Ended** <br>**8/31/2025 (n)**<br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(2004347)<br>| &nbsp;&nbsp; $(2911096)<br>| &nbsp;&nbsp; $(17115)<br>| &nbsp;&nbsp; $(610)<br>|
| Net realized gain (loss) | 28779767 | &nbsp;&nbsp; 52191443 | &nbsp;&nbsp; (4076)<br>| &nbsp;&nbsp; — |
| Net change in unrealized appreciation (depreciation) | (8372250)<br>| &nbsp;&nbsp; (14137440)<br>| &nbsp;&nbsp; 2142418 | &nbsp;&nbsp; 65398 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 18403170 | &nbsp;&nbsp; 35142907 | &nbsp;&nbsp; 2121227 | &nbsp;&nbsp; 64788 |
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 61934201<br>| &nbsp;&nbsp; 406283471<br>| &nbsp;&nbsp; 36423504<br>| &nbsp;&nbsp; 5086177<br>|
| Cost of shares redeemed | (215202303) <br>| &nbsp;&nbsp; (471677120) <br>| &nbsp;&nbsp; —<br>| &nbsp;&nbsp; —<br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| (153268102)<br>| &nbsp;&nbsp; (65393649)<br>| &nbsp;&nbsp; 36423504 | &nbsp;&nbsp; 5086177 |
| Total increase (decrease) in net assets | (134864932)<br>| &nbsp;&nbsp; (30250742)<br>| &nbsp;&nbsp; 38544731 | &nbsp;&nbsp; 5150965 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 325381283 | &nbsp;&nbsp; 355632025 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| End of period | $190516351 | &nbsp;&nbsp; $325381283 | &nbsp;&nbsp; $38544731 | &nbsp;&nbsp; $5150965 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 8900002 | &nbsp;&nbsp; 10725002 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Shares sold | 1675000 | &nbsp;&nbsp; 11975000 | &nbsp;&nbsp; 1800002 | &nbsp;&nbsp; 250002 |
| Shares redeemed | (5775000)<br>| &nbsp;&nbsp; (13800000)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Shares outstanding, end of period | 4800002 | &nbsp;&nbsp; 8900002 | &nbsp;&nbsp; 1800002 | &nbsp;&nbsp; 250002 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(m) Inception
 date is September 25, 2024, which is consistent with the commencement of investment operations and is the date the initial
 creation units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(n) Inception
 date is June 24, 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

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights**

**For a share outstanding throughout the period**

**FT Vest Nasdaq-100**<sup>®</sup> **Conservative Buffer ETF - January (QCJA)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | **Period** <br>**Ended** <br>**8/31/2025 (a)** |
|  | **Period** <br>**Ended** <br>**8/31/2025 (a)** |
| Net asset value, beginning of period | $19.83 |
| **Income from investment operations:** |  |
| Net investment income (loss) (b) | (0.11) <br>|
| Net realized and unrealized gain (loss) | 1.34<br>|
| Total from investment operations | 1.23<br>|
| Net asset value, end of period | $21.06<br>|
| **Total return** (c) | 6.20<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |
| Net assets, end of period (in 000's) | $49495<br>|
| Ratio of total expenses to average net assets | 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.87)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is January 17, 2025, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January (XJAN)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $32.98 | &nbsp;&nbsp;&nbsp;&nbsp; $30.87 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.28) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.16) <br>|
| Net realized and unrealized gain (loss) | 2.98<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.27<br>|
| Total from investment operations | 2.70<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.11<br>|
| Net asset value, end of period | $35.68<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.98<br>|
| **Total return** (c) | 8.19<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.84<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $41927<br>| &nbsp;&nbsp;&nbsp;&nbsp; $56063<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is January 19, 2024, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout the period**

**FT Vest Nasdaq-100**<sup>®</sup> **Moderate Buffer ETF - February (QMFE)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | **Period** <br>**Ended** <br>**8/31/2025 (a)** |
|  | **Period** <br>**Ended** <br>**8/31/2025 (a)** |
| Net asset value, beginning of period | $19.99 |
| **Income from investment operations:** |  |
| Net investment income (loss) (b) | (0.09) <br>|
| Net realized and unrealized gain (loss) | 1.32<br>|
| Total from investment operations | 1.23<br>|
| Net asset value, end of period | $21.22<br>|
| **Total return** (c) | 6.15<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |
| Net assets, end of period (in 000's) | $41376<br>|
| Ratio of total expenses to average net assets | 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.86)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is February 21, 2025, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February (XFEB)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $31.88 | &nbsp;&nbsp;&nbsp;&nbsp; $29.97 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.27) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.13) <br>|
| Net realized and unrealized gain (loss) | 3.01<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.04<br>|
| Total from investment operations | 2.74<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.91<br>|
| Net asset value, end of period | $34.62<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.88<br>|
| **Total return** (c) | 8.59<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.37<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $48468<br>| &nbsp;&nbsp;&nbsp;&nbsp; $25501<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.80)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is February 16, 2024, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest International Equity Moderate Buffer ETF - March (YMAR)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $24.02 | &nbsp;&nbsp;&nbsp;&nbsp; $20.89 | &nbsp;&nbsp;&nbsp;&nbsp; $17.97 | &nbsp;&nbsp;&nbsp;&nbsp; $21.14 | &nbsp;&nbsp;&nbsp;&nbsp; $20.02 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.21) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.19) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.17) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.08) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.04) <br>|
| Net realized and unrealized gain (loss) | 2.12<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.09<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.09) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.16<br>|
| Total from investment operations | 1.91<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.13<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.92<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.17) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.12<br>|
| Net asset value, end of period | $25.93<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24.02<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.89<br>| &nbsp;&nbsp;&nbsp;&nbsp; $17.97<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.14<br>|
| **Total return** (c) | 7.95<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.98<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16.25<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (15.00)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.59<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $134817<br>| &nbsp;&nbsp;&nbsp;&nbsp; $99694<br>| &nbsp;&nbsp;&nbsp;&nbsp; $59540<br>| &nbsp;&nbsp;&nbsp;&nbsp; $37730<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12687<br>|
| Ratio of total expenses to average net assets | 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.86)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.86)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.89)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.90)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is March 19, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest Nasdaq-100**<sup>®</sup> **Buffer ETF - March (QMAR)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $28.15 | &nbsp;&nbsp;&nbsp;&nbsp; $24.44 | &nbsp;&nbsp;&nbsp;&nbsp; $20.29 | &nbsp;&nbsp;&nbsp;&nbsp; $22.22 | &nbsp;&nbsp;&nbsp;&nbsp; $20.04 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.26) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.23) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.19) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.07) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.06) <br>|
| Net realized and unrealized gain (loss) | 3.77<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.94<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.34<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.86) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.24<br>|
| Total from investment operations | 3.51<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.71<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.15<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.93) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.18<br>|
| Net asset value, end of period | $31.66<br>| &nbsp;&nbsp;&nbsp;&nbsp; $28.15<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24.44<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.29<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.22<br>|
| **Total return** (c) | 12.47<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.18<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 20.45<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (8.69)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 10.88<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $451157<br>| &nbsp;&nbsp;&nbsp;&nbsp; $416610<br>| &nbsp;&nbsp;&nbsp;&nbsp; $185736<br>| &nbsp;&nbsp;&nbsp;&nbsp; $46657<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18885<br>|
| Ratio of total expenses to average net assets | 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.86)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.86)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.89)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.90)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is March 19, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
|  | **2025** | **2024** | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
| Net asset value, beginning of period | $35.26 | &nbsp;&nbsp;&nbsp;&nbsp; $31.92 | &nbsp;&nbsp;&nbsp;&nbsp; $29.64 |
| **Income from investment operations:** |  |  |  |
| Net investment income (loss) (b) | (0.30) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.27) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.12) <br>|
| Net realized and unrealized gain (loss) | 3.97<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.61<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.40<br>|
| Total from investment operations | 3.67<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.34<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.28<br>|
| Net asset value, end of period | $38.93<br>| &nbsp;&nbsp;&nbsp;&nbsp; $35.26<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.92<br>|
| **Total return** (c) | 10.41<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 10.46<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.69<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |
| Net assets, end of period (in 000's) | $174230<br>| &nbsp;&nbsp;&nbsp;&nbsp; $182480<br>| &nbsp;&nbsp;&nbsp;&nbsp; $268891<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is March 17, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest Nasdaq-100**<sup>®</sup> **Conservative Buffer ETF - April (QCAP)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $21.37 | &nbsp;&nbsp;&nbsp;&nbsp; $19.90 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.20) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.07) <br>|
| Net realized and unrealized gain (loss) | 1.94<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.54<br>|
| Total from investment operations | 1.74<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.47<br>|
| Net asset value, end of period | $23.11<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.37<br>|
| **Total return** (c) | 8.14<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.39<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $40445<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30981<br>|
| Ratio of total expenses to average net assets | 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.88)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.90)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is April 19, 2024, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April (XAPR)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $31.59 | &nbsp;&nbsp;&nbsp;&nbsp; $29.71 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.28) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.10) <br>|
| Net realized and unrealized gain (loss) | 4.28<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.98<br>|
| Total from investment operations | 4.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.88<br>|
| Net asset value, end of period | $35.59<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.59<br>|
| **Total return** (c) | 12.66<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.33<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $51603<br>| &nbsp;&nbsp;&nbsp;&nbsp; $14217<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.83)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.86)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is April 19, 2024, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest Nasdaq-100**<sup>®</sup> **Moderate Buffer ETF - May (QMMY)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $20.67 | &nbsp;&nbsp;&nbsp;&nbsp; $19.88 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.20) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.05) <br>|
| Net realized and unrealized gain (loss) | 3.55<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.84<br>|
| Total from investment operations | 3.35<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.79<br>|
| Net asset value, end of period | $24.02<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.67<br>|
| **Total return** (c) | 16.21<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.97<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $91262<br>| &nbsp;&nbsp;&nbsp;&nbsp; $55796<br>|
| Ratio of total expenses to average net assets | 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.88)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.90)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is May 17, 2024, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (XMAY)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $30.79 | &nbsp;&nbsp;&nbsp;&nbsp; $29.65 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.26) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.07) <br>|
| Net realized and unrealized gain (loss) | 3.40<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.21<br>|
| Total from investment operations | 3.14<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.14<br>|
| Net asset value, end of period | $33.93<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.79<br>|
| **Total return** (c) | 10.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.84<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $22052<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21553<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.80)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is May 17, 2024, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest International Equity Moderate Buffer ETF - June (YJUN)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $22.63 | &nbsp;&nbsp;&nbsp;&nbsp; $20.20 | &nbsp;&nbsp;&nbsp;&nbsp; $17.44 | &nbsp;&nbsp;&nbsp;&nbsp; $20.44 | &nbsp;&nbsp;&nbsp;&nbsp; $19.95 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.20) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.18) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.17) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.07) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.02) <br>|
| Net realized and unrealized gain (loss) | 2.33<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.61<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.93<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.93) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.51<br>|
| Total from investment operations | 2.13<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.43<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.76<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.00) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49<br>|
| Net asset value, end of period | $24.76<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.63<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.20<br>| &nbsp;&nbsp;&nbsp;&nbsp; $17.44<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.44<br>|
| **Total return** (c) | 9.41<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 12.03<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.83<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (14.68)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.46<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $167147<br>| &nbsp;&nbsp;&nbsp;&nbsp; $174275<br>| &nbsp;&nbsp;&nbsp;&nbsp; $114123<br>| &nbsp;&nbsp;&nbsp;&nbsp; $29654<br>| &nbsp;&nbsp;&nbsp;&nbsp; $13285<br>|
| Ratio of total expenses to average net assets | 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.86)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.86)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.86)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.89)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.90)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is June 18, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest Nasdaq-100**<sup>®</sup> **Buffer ETF - June (QJUN)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $26.57 | &nbsp;&nbsp;&nbsp;&nbsp; $22.61 | &nbsp;&nbsp;&nbsp;&nbsp; $18.79 | &nbsp;&nbsp;&nbsp;&nbsp; $20.96 | &nbsp;&nbsp;&nbsp;&nbsp; $19.87 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.24) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.21) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.17) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.05) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.03) <br>|
| Net realized and unrealized gain (loss) | 4.01<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.17<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.99<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.12) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.12<br>|
| Total from investment operations | 3.77<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.96<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.82<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.17) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.09<br>|
| Net asset value, end of period | $30.34<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.57<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.61<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.79<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.96<br>|
| **Total return** (c) | 14.19<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 17.51<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 20.33<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (10.35)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.49<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $631167<br>| &nbsp;&nbsp;&nbsp;&nbsp; $484860<br>| &nbsp;&nbsp;&nbsp;&nbsp; $362916<br>| &nbsp;&nbsp;&nbsp;&nbsp; $92048<br>| &nbsp;&nbsp;&nbsp;&nbsp; $33533<br>|
| Ratio of total expenses to average net assets | 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.86)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.86)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.89)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.90)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is June 18, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June (XJUN)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $37.69 | &nbsp;&nbsp;&nbsp;&nbsp; $33.74 | &nbsp;&nbsp;&nbsp;&nbsp; $30.31 | &nbsp;&nbsp;&nbsp;&nbsp; $30.11 | &nbsp;&nbsp;&nbsp;&nbsp; $29.72 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.32) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.29) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.26) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.03) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.03) <br>|
| Net realized and unrealized gain (loss) | 4.48<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.24<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.69<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.23<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.42<br>|
| Total from investment operations | 4.16<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.95<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.43<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.39<br>|
| Net asset value, end of period | $41.85<br>| &nbsp;&nbsp;&nbsp;&nbsp; $37.69<br>| &nbsp;&nbsp;&nbsp;&nbsp; $33.74<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.31<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.11<br>|
| **Total return** (c) | 11.04<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 11.71<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 11.32<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.66<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.31<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $145412<br>| &nbsp;&nbsp;&nbsp;&nbsp; $186547<br>| &nbsp;&nbsp;&nbsp;&nbsp; $348400<br>| &nbsp;&nbsp;&nbsp;&nbsp; $110647<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6023<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is July 12, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest Nasdaq-100**<sup>®</sup> **Conservative Buffer ETF - July (QCJL)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $20.16 | &nbsp;&nbsp;&nbsp;&nbsp; $19.96 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.19) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.02) <br>|
| Net realized and unrealized gain (loss) | 2.87<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.22<br>|
| Total from investment operations | 2.68<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br>|
| Net asset value, end of period | $22.84<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.16<br>|
| **Total return** (c) | 13.29<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.00<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $78799<br>| &nbsp;&nbsp;&nbsp;&nbsp; $48380<br>|
| Ratio of total expenses to average net assets | 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.89)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.90)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is July 19, 2024, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July (XJUL)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
|  | **2025** | **2024** | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
| Net asset value, beginning of period | $34.63 | &nbsp;&nbsp;&nbsp;&nbsp; $30.88 | &nbsp;&nbsp;&nbsp;&nbsp; $30.75 |
| **Income from investment operations:** |  |  |  |
| Net investment income (loss) (b) | (0.29) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.27) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.03) <br>|
| Net realized and unrealized gain (loss) | 3.60<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.02<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.16<br>|
| Total from investment operations | 3.31<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.75<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.13<br>|
| Net asset value, end of period | $37.94<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.63<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.88<br>|
| **Total return** (c) | 9.56<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 12.14<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.42<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |
| Net assets, end of period (in 000's) | $47425<br>| &nbsp;&nbsp;&nbsp;&nbsp; $51945<br>| &nbsp;&nbsp;&nbsp;&nbsp; $37827<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.83)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is July 21, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest Nasdaq-100**<sup>®</sup> **Moderate Buffer ETF - August (QMAG)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $20.03 | &nbsp;&nbsp;&nbsp;&nbsp; $19.95 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.19) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.01) <br>|
| Net realized and unrealized gain (loss) | 2.80<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.09<br>|
| Total from investment operations | 2.61<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.08<br>|
| Net asset value, end of period | $22.64<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.03<br>|
| **Total return** (c) | 13.03<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.40<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $48686<br>| &nbsp;&nbsp;&nbsp;&nbsp; $72090<br>|
| Ratio of total expenses to average net assets | 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.89)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.86)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is August 16, 2024, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August (XAUG)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
|  | **2025** | **2024** | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
| Net asset value, beginning of period | $33.39 | &nbsp;&nbsp;&nbsp;&nbsp; $30.13 | &nbsp;&nbsp;&nbsp;&nbsp; $29.68 |
| **Income from investment operations:** |  |  |  |
| Net investment income (loss) (b) | (0.28) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.26) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.01) <br>|
| Net realized and unrealized gain (loss) | 3.18<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.52<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.46<br>|
| Total from investment operations | 2.90<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.26<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.45<br>|
| Net asset value, end of period | $36.29<br>| &nbsp;&nbsp;&nbsp;&nbsp; $33.39<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.13<br>|
| **Total return** (c) | 8.69<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 10.82<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.52<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |
| Net assets, end of period (in 000's) | $29936<br>| &nbsp;&nbsp;&nbsp;&nbsp; $27551<br>| &nbsp;&nbsp;&nbsp;&nbsp; $35400<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is August 18, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest International Equity Moderate Buffer ETF - September (YSEP)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2022 (a)** |
|  | **2025** | **2024** | **2023** | **Period** <br>**Ended** <br>**8/31/2022 (a)** |
| Net asset value, beginning of period | $22.84 | &nbsp;&nbsp;&nbsp;&nbsp; $19.82 | &nbsp;&nbsp;&nbsp;&nbsp; $17.18 | &nbsp;&nbsp;&nbsp;&nbsp; $19.96 |
| **Income from investment operations:** |  |  |  |  |
| Net investment income (loss)  | (0.20) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.18) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.16) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.16) <br>|
| Net realized and unrealized gain (loss) | 2.27<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.20<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.80<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.62) <br>|
| Total from investment operations | 2.07<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.02<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.64<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.78) <br>|
| Net asset value, end of period | $24.91<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.84<br>| &nbsp;&nbsp;&nbsp;&nbsp; $19.82<br>| &nbsp;&nbsp;&nbsp;&nbsp; $17.18<br>|
| **Total return** (c) | 9.06<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.24<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.37<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (13.93)% <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |
| Net assets, end of period (in 000's) | $94660<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34254<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23779<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6011<br>|
| Ratio of total expenses to average net assets | 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.86)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.90)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is September 17, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest Nasdaq-100**<sup>®</sup> **Buffer ETF - September (QSPT)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2022 (a)** |
|  | **2025** | **2024** | **2023** | **Period** <br>**Ended** <br>**8/31/2022 (a)** |
| Net asset value, beginning of period | $26.42 | &nbsp;&nbsp;&nbsp;&nbsp; $21.97 | &nbsp;&nbsp;&nbsp;&nbsp; $18.02 | &nbsp;&nbsp;&nbsp;&nbsp; $20.19 |
| **Income from investment operations:** |  |  |  |  |
| Net investment income (loss)  | (0.24) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.21) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.17) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.16) <br>|
| Net realized and unrealized gain (loss) | 4.35<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.66<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.12<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.01) <br>|
| Total from investment operations | 4.11<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.45<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.95<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.17) <br>|
| Net asset value, end of period | $30.53<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.42<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.97<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.02<br>|
| **Total return** (c) | 15.56<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 20.25<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 21.92<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (10.75)% <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |
| Net assets, end of period (in 000's) | $407588<br>| &nbsp;&nbsp;&nbsp;&nbsp; $293273<br>| &nbsp;&nbsp;&nbsp;&nbsp; $109849<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24330<br>|
| Ratio of total expenses to average net assets | 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.89)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is September 17, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September (XSEP)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
|  | **2025** | **2024** | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
| Net asset value, beginning of period | $38.14 | &nbsp;&nbsp;&nbsp;&nbsp; $34.36 | &nbsp;&nbsp;&nbsp;&nbsp; $30.19 |
| **Income from investment operations:** |  |  |  |
| Net investment income (loss) (b) | (0.32) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.30) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.26) <br>|
| Net realized and unrealized gain (loss) | 3.59<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.08<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.43<br>|
| Total from investment operations | 3.27<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.78<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.17<br>|
| Net asset value, end of period | $41.41<br>| &nbsp;&nbsp;&nbsp;&nbsp; $38.14<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.36<br>|
| **Total return** (c) | 8.57<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 11.00<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.81<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |
| Net assets, end of period (in 000's) | $127323<br>| &nbsp;&nbsp;&nbsp;&nbsp; $149681<br>| &nbsp;&nbsp;&nbsp;&nbsp; $96219<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is September 21, 2022, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout the period**

**FT Vest Nasdaq-100**<sup>®</sup> **Conservative Buffer ETF - October (QCOC)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | **Period** <br>**Ended** <br>**8/31/2025 (a)** |
|  | **Period** <br>**Ended** <br>**8/31/2025 (a)** |
| Net asset value, beginning of period | $19.78 |
| **Income from investment operations:** |  |
| Net investment income (loss) (b) | (0.16) <br>|
| Net realized and unrealized gain (loss) | 2.07<br>|
| Total from investment operations | 1.91<br>|
| Net asset value, end of period | $21.69<br>|
| **Total return** (c) | 9.66<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |
| Net assets, end of period (in 000's) | $35792<br>|
| Ratio of total expenses to average net assets | 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.89)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is October 18, 2024, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October (XOCT)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $33.72 | &nbsp;&nbsp;&nbsp;&nbsp; $30.33 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.28) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.23) <br>|
| Net realized and unrealized gain (loss) | 3.09<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.62<br>|
| Total from investment operations | 2.81<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.39<br>|
| Net asset value, end of period | $36.53<br>| &nbsp;&nbsp;&nbsp;&nbsp; $33.72<br>|
| **Total return** (c) | 8.33<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 11.18<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $116890<br>| &nbsp;&nbsp;&nbsp;&nbsp; $58173<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.83)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is October 20, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout the period**

**FT Vest Nasdaq-100**<sup>®</sup> **Moderate Buffer ETF - November (QMNV)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | **Period** <br>**Ended** <br>**8/31/2025 (a)** |
|  | **Period** <br>**Ended** <br>**8/31/2025 (a)** |
| Net asset value, beginning of period | $19.86 |
| **Income from investment operations:** |  |
| Net investment income (loss) (b) | (0.14) <br>|
| Net realized and unrealized gain (loss) | 2.20<br>|
| Total from investment operations | 2.06<br>|
| Net asset value, end of period | $21.92<br>|
| **Total return** (c) | 10.37<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |
| Net assets, end of period (in 000's) | $33970<br>|
| Ratio of total expenses to average net assets | 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.88)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is November 15, 2024, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November (XNOV)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $33.45 | &nbsp;&nbsp;&nbsp;&nbsp; $30.65 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.28) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.21) <br>|
| Net realized and unrealized gain (loss) | 3.11<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.01<br>|
| Total from investment operations | 2.83<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.80<br>|
| Net asset value, end of period | $36.28<br>| &nbsp;&nbsp;&nbsp;&nbsp; $33.45<br>|
| **Total return** (c) | 8.46<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.14<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $25393<br>| &nbsp;&nbsp;&nbsp;&nbsp; $35963<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.83)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is November 17, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest International Equity Moderate Buffer ETF - December (YDEC)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $24.67 | &nbsp;&nbsp;&nbsp;&nbsp; $21.76 | &nbsp;&nbsp;&nbsp;&nbsp; $18.63 | &nbsp;&nbsp;&nbsp;&nbsp; $21.85 | &nbsp;&nbsp;&nbsp;&nbsp; $20.06 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.21) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.18) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.18) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.09) <br>|
| Net realized and unrealized gain (loss) | 0.98<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.11<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.31<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.04) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.88<br>|
| Total from investment operations | 0.77<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.91<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.13<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.22) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.79<br>|
| Net asset value, end of period | $25.44<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24.67<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.76<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.63<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.85<br>|
| **Total return** (c) | 3.12<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.37<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16.80<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (14.74)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.92<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $76320<br>| &nbsp;&nbsp;&nbsp;&nbsp; $70311<br>| &nbsp;&nbsp;&nbsp;&nbsp; $64192<br>| &nbsp;&nbsp;&nbsp;&nbsp; $11177<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12016<br>|
| Ratio of total expenses to average net assets | 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.86)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.90)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.90)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is December 18, 2020, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest Nasdaq-100**<sup>®</sup> **Buffer ETF - December (QDEC)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $26.33 | &nbsp;&nbsp;&nbsp;&nbsp; $22.78 | &nbsp;&nbsp;&nbsp;&nbsp; $19.90 | &nbsp;&nbsp;&nbsp;&nbsp; $22.56 | &nbsp;&nbsp;&nbsp;&nbsp; $19.84 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.24) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.21) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.17) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.13) <br>|
| Net realized and unrealized gain (loss) | 4.06<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.76<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.05<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.46) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.85<br>|
| Total from investment operations | 3.82<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.55<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.88<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.66) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.72<br>|
| Net asset value, end of period | $30.15<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.33<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.78<br>| &nbsp;&nbsp;&nbsp;&nbsp; $19.90<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.56<br>|
| **Total return** (c) | 14.51<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.58<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.47<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (11.79)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.71<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $544241<br>| &nbsp;&nbsp;&nbsp;&nbsp; $355471<br>| &nbsp;&nbsp;&nbsp;&nbsp; $143521<br>| &nbsp;&nbsp;&nbsp;&nbsp; $71629<br>| &nbsp;&nbsp;&nbsp;&nbsp; $78952<br>|
| Ratio of total expenses to average net assets | 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.86)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.86)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.90)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.90)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is December 18, 2020, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2022 (a)** |
|  | **2025** | **2024** | **2023** | **Period** <br>**Ended** <br>**8/31/2022 (a)** |
| Net asset value, beginning of period | $36.56 | &nbsp;&nbsp;&nbsp;&nbsp; $33.16 | &nbsp;&nbsp;&nbsp;&nbsp; $28.84 | &nbsp;&nbsp;&nbsp;&nbsp; $30.35 |
| **Income from investment operations:** |  |  |  |  |
| Net investment income (loss)  | (0.31) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.28) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.25) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.10) <br>|
| Net realized and unrealized gain (loss) | 3.44<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.68<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.57<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.41) <br>|
| Total from investment operations | 3.13<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.40<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.51) <br>|
| Net asset value, end of period | $39.69<br>| &nbsp;&nbsp;&nbsp;&nbsp; $36.56<br>| &nbsp;&nbsp;&nbsp;&nbsp; $33.16<br>| &nbsp;&nbsp;&nbsp;&nbsp; $28.84<br>|
| **Total return** (c) | 8.56<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 10.25<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.98<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (4.98)% <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |
| Net assets, end of period (in 000's) | $190516<br>| &nbsp;&nbsp;&nbsp;&nbsp; $325381<br>| &nbsp;&nbsp;&nbsp;&nbsp; $355632<br>| &nbsp;&nbsp;&nbsp;&nbsp; $77855<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is December 17, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout the period**

**FT Vest Laddered International Moderate Buffer ETF (BUFY)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | **Period** <br>**Ended** <br>**8/31/2025 (a)** |
|  | **Period** <br>**Ended** <br>**8/31/2025 (a)** |
| Net asset value, beginning of period | $19.94 |
| **Income from investment operations:** |  |
| Net investment income (loss) (b) | (0.02) <br>|
| Net realized and unrealized gain (loss) | 1.49<br>|
| Total from investment operations | 1.47<br>|
| Net asset value, end of period | $21.41<br>|
| **Total return** (c) | 7.37<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |
| Net assets, end of period (in 000's) | $38545<br>|
| Ratio of total expenses to average net assets (d) | 0.17<br> % (e)<br>|
| Ratio of net expenses to average net assets (d) | 0.10<br> % (e)<br>|
| Ratio of net investment income (loss) to average net assets (d) | (0.10)% (e)<br>|
| Portfolio turnover rate (f) | 1<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is September 25, 2024, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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. The total returns would have been lower if certain fees
 had not been waived by the investment advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout the period**

**FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | **Period** <br>**Ended** <br>**8/31/2025 (a)** |
|  | **Period** <br>**Ended** <br>**8/31/2025 (a)** |
| Net asset value, beginning of period | $20.11 |
| **Income from investment operations:** |  |
| Net investment income (loss) (b) | (0.00) (c)<br>|
| Net realized and unrealized gain (loss) | 0.49<br>|
| Total from investment operations | 0.49<br>|
| Net asset value, end of period | $20.60<br>|
| **Total return** (d) | 2.44<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |
| Net assets, end of period (in 000's) | $5151<br>|
| Ratio of total expenses to average net assets (e) | 0.10<br> % (f)<br>|
| Ratio of net investment income (loss) to average net assets (e) | (0.10)% (f)<br>|
| Portfolio turnover rate (g) | 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is June 24, 2025, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Amount
 represents less than $0.01.

&nbsp;&nbsp;&nbsp;&nbsp;(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 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.

&nbsp;&nbsp;&nbsp;&nbsp;(e) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**Notes to Financial Statements**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization**

First Trust Exchange-Traded Fund VIII (the "Trust") is an open-end management investment company organized as a Massachusetts business trust on February 22, 2016, 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 thirty funds (each a "Fund" and collectively, the "Funds"), each a non-diversified series of the Trust, listed below. The shares of each Fund are listed and traded on the Cboe BZX Exchange, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - January – (ticker "QCJA")<sup>(1)</sup> <br>|
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January – (ticker "XJAN") |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - February – (ticker "QMFE")<sup>(2)</sup> <br>|
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February – (ticker "XFEB") |
| FT Vest International Equity Moderate Buffer ETF - March – (ticker "YMAR") |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - March – (ticker "QMAR") |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March – (ticker "XMAR") |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - April – (ticker "QCAP") |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April – (ticker "XAPR") |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - May – (ticker "QMMY") |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May – (ticker "XMAY") |
| FT Vest International Equity Moderate Buffer ETF - June – (ticker "YJUN") |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - June – (ticker "QJUN") |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June – (ticker "XJUN") |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - July – (ticker "QCJL") |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July – (ticker "XJUL") |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - August – (ticker "QMAG") |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August – (ticker "XAUG") |
| FT Vest International Equity Moderate Buffer ETF - September – (ticker "YSEP") |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - September – (ticker "QSPT") |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September – (ticker "XSEP") |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - October – (ticker "QCOC")<sup>(3)</sup> <br>|
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October – (ticker "XOCT") |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - November – (ticker "QMNV")<sup>(4)</sup> <br>|
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November – (ticker "XNOV") |
| FT Vest International Equity Moderate Buffer ETF - December – (ticker "YDEC") |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - December – (ticker "QDEC") |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December – (ticker "XDEC") |
| FT Vest Laddered International Moderate Buffer ETF – (ticker "BUFY")<sup>(5)</sup> <br>|
| FT Vest Laddered Enhance & Moderate Buffer ETF – (ticker "BUFX")<sup>(6)</sup> <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(1)</sup> Commenced investment operations on January 17, 2025.

<sup>(2)</sup> Commenced investment operations on February 21, 2025.

<sup>(3)</sup> Commenced investment operations on October 18, 2024.

<sup>(4)</sup> Commenced investment operations on November 15, 2024.

<sup>(5)</sup> Commenced investment operations on September 25, 2024.

<sup>(6)</sup> Commenced investment operations on June 24, 2025.

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."

Each Fund is an actively managed exchange-traded fund ("ETF").

The investment objective of QCJA is to seek to provide investors with returns (before fees and expenses) that match the price return of the Invesco QQQ Trust<sup>SM</sup>, Series 1 (the "Underlying Invesco ETF"), up to a predetermined upside cap of 12.53% while providing a buffer (before fees and expenses) against the first 20% of Underlying Invesco ETF losses, over the period (an "Outcome Period") from January 21, 2025 through January 16, 2026.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

The investment objective of XJAN is to seek to provide investors with returns (before fees and expenses) of approximately twice any positive price return of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust (the "Underlying SPDR ETF"), up to a predetermined upside cap of 9.74% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from January 21, 2025 through January 16, 2026. Prior to January 21, 2025, the Fund's investment objective included an upside cap of 10.44% and an Outcome Period of January 22, 2024 through January 17, 2025.

The investment objective of QMFE is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying Invesco ETF, up to a predetermined upside cap of 14.52% while providing a buffer (before fees and expenses) against the first 15% of Underlying Invesco ETF losses, over the period from February 24, 2025 through February 20, 2026.

The investment objective of XFEB is to seek to provide investors with returns (before fees and expenses) of approximately twice any positive price return of the Underlying SPDR ETF, up to a predetermined upside cap of 9.80% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from February 24, 2025 through February 20, 2026. Prior to February 24, 2025, the Fund's investment objective included an upside cap of 11.02% and an Outcome Period of February 20, 2024 through February 21, 2025.

The investment objective of YMAR is to seek to provide investors with returns (before fees and expenses) that match the price return of the iShares MSCI EAFE ETF (the "Underlying MSCI ETF"), up to a predetermined upside cap of 15.40% while providing a buffer (before fees and expenses) against the first 15% of Underlying MSCI ETF losses, over the period from March 24, 2025 through March 20, 2026. Prior to March 24, 2025, the Fund's investment objective included an upside cap of 15.81% and an Outcome Period of March 18, 2024 through March 21, 2025.

The investment objective of QMAR is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying Invesco ETF, up to a predetermined upside cap of 18.22% while providing a buffer (before fees and expenses) against the first 10% of Underlying Invesco ETF losses, over the period from March 24, 2025 through March 20, 2026. Prior to March 24, 2025, the Fund's investment objective included an upside cap of 20.90% and an Outcome Period of March 18, 2024 through March 21, 2025.

The investment objective of XMAR is to seek to provide investors with returns (before fees and expenses) of approximately twice any positive price return of the Underlying SPDR ETF, up to a predetermined upside cap of 10.48% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from March 24, 2025 through March 20, 2026. Prior to March 24, 2025, the Fund's investment objective included an upside cap of 11.56% and an Outcome Period of March 18, 2024 through March 21, 2025.

The investment objective of QCAP is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying Invesco ETF, up to a predetermined upside cap of 14.77% while providing a buffer (before fees and expenses) against the first 20% of Underlying Invesco ETF losses, over the period from April 21, 2025 through April 17, 2026. Prior to April 21, 2025, the Fund's investment objective included an upside cap of 15.21% and an Outcome Period of April 22, 2024 through April 17, 2025.

The investment objective of XAPR is to seek to provide investors with returns (before fees and expenses) of approximately twice any positive price return of the Underlying SPDR ETF, up to a predetermined upside cap of 12.58% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from April 21, 2025 through April 17, 2026. Prior to April 21, 2025, the Fund's investment objective included an upside cap of 12.02% and an Outcome Period of April 22, 2024 through April 17, 2025.

The investment objective of QMMY is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying Invesco ETF, up to a predetermined upside cap of 15.20% while providing a buffer (before fees and expenses) against the first 15% of Underlying Invesco ETF losses, over the period from May 19, 2025 through May 15, 2026. Prior to May 19, 2025, the Fund's investment objective included an upside cap of 15.93% and an Outcome Period of May 20, 2024 through May 16, 2025.

The investment objective of XMAY is to seek to provide investors with returns (before fees and expenses) of approximately twice any positive price return of the Underlying SPDR ETF, up to a predetermined upside cap of 10.38% while providing a buffer (before fees

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from May 19, 2025 through May 15, 2026. Prior to May 19, 2025, the Fund's investment objective included an upside cap of 10.78% and an Outcome Period of May 20, 2024 through May 16, 2025.

The investment objective of YJUN is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying MSCI ETF, up to a predetermined upside cap of 12.94% while providing a buffer (before fees and expenses) against the first 15% of Underlying MSCI ETF losses, over the period from June 23, 2025 through June 18, 2026. Prior to June 23, 2025, the Fund's investment objective included an upside cap of 16.41% and an Outcome Period of June 24, 2024 through June 20, 2025.

The investment objective of QJUN is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying Invesco ETF, up to a predetermined upside cap of 18.21% while providing a buffer (before fees and expenses) against the first 10% of Underlying Invesco ETF losses, over the period from June 23, 2025 through June 18, 2026. Prior to June 23, 2025, the Fund's investment objective included an upside cap of 19.30% and an Outcome Period of June 24, 2024 through June 20, 2025.

The investment objective of XJUN is to seek to provide investors with returns (before fees and expenses) of approximately twice any positive price return of the Underlying SPDR ETF, up to a predetermined upside cap of 10.58% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from June 23, 2025 through June 18, 2026. Prior to June 23, 2025, the Fund's investment objective included an upside cap of 10.70% and an Outcome Period of June 24, 2024 through June 20, 2025.

The investment objective of QCJL is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying Invesco ETF, up to a predetermined upside cap of 12.06% while providing a buffer (before fees and expenses) against the first 20% of Underlying Invesco ETF losses, over the period from July 21, 2025 through July 17, 2026. Prior to July 21, 2025, the Fund's investment objective included an upside cap of 14.01% and an Outcome Period of July 22, 2024 through July 18, 2025.

The investment objective of XJUL is to seek to provide investors with returns (before fees and expenses) of approximately twice any positive price return of the Underlying SPDR ETF, up to a predetermined upside cap of 10.10% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from July 21, 2025 through July 17, 2026. Prior to July 21, 2025, the Fund's investment objective included an upside cap of 10.72% and an Outcome Period of July 22, 2024 through July 18, 2025.

The investment objective of QMAG is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying Invesco ETF, up to a predetermined upside cap of 13.94% while providing a buffer (before fees and expenses) against the first 15% of Underlying Invesco ETF losses, over the period from August 18, 2025 through August 21, 2026. Prior to August 18, 2025, the Fund's investment objective included an upside cap of 14.70% and an Outcome Period of August 19, 2024 through August 15, 2025.

The investment objective of XAUG is to seek to provide investors with returns (before fees and expenses) of approximately twice any positive price return of the Underlying SPDR ETF, up to a predetermined upside cap of 10.02% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from August 18, 2025 through August 21, 2026. Prior to August 18, 2025, the Fund's investment objective included an upside cap of 9.94% and an Outcome Period of August 19, 2024 through August 15, 2025.

The investment objective of YSEP is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying MSCI ETF, up to a predetermined upside cap of 13.47% while providing a buffer (before fees and expenses) against the first 15% of Underlying MSCI ETF losses, over the period from September 23, 2024 through September 19, 2025. Prior to September 23, 2024, the Fund's investment objective included an upside cap of 20.61% while providing a buffer (before fees and expenses) against the first 10% of Underlying MSCI ETF losses, over the period from September 18, 2023 through September 20, 2024.

The investment objective of QSPT is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying Invesco ETF, up to a predetermined upside cap of 17.34% while providing a buffer (before fees and expenses) against the first 10% of Underlying Invesco ETF losses, over the period from September 23, 2024 through September 19, 2025. Prior to September 23, 2024, the Fund's investment objective included an upside cap of 21.00% and an Outcome Period of September 18, 2023 through September 20, 2024.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

The investment objective of XSEP is to seek to provide investors with returns (before fees and expenses) of approximately twice any positive price return of the Underlying SPDR ETF, up to a predetermined upside cap of 9.42% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from September 23, 2024 through September 19, 2025. Prior to September 23, 2024, the Fund's investment objective included an upside cap of 11.80% and an Outcome Period of September 18, 2023 through September 20, 2024.

The investment objective of QCOC is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying Invesco ETF, up to a predetermined upside cap of 12.50% while providing a buffer (before fees and expenses) against the first 20% of Underlying Invesco ETF losses, over the period from October 21, 2024 through October 17, 2025.

The investment objective of XOCT is to seek to provide investors with returns (before fees and expenses) of approximately twice any positive price return of the Underlying SPDR ETF, up to a predetermined upside cap of 9.68% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from October 21, 2024 through October 17, 2025. Prior to October 21, 2024, the Fund's investment objective included an upside cap of 12.80% and an Outcome Period of October 23, 2023 through October 18, 2024.

The investment objective of QMNV is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying Invesco ETF, up to a predetermined upside cap of 15.09% while providing a buffer (before fees and expenses) against the first 15% of Underlying Invesco ETF losses, over the period from November 18, 2024 through November 21, 2025.

The investment objective of XNOV is to seek to provide investors with returns (before fees and expenses) of approximately twice any positive price return of the Underlying SPDR ETF, up to a predetermined upside cap of 10.08% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from November 18, 2024 through November 21, 2025. Prior to November 18, 2024, the Fund's investment objective included an upside cap of 11.30% and an Outcome Period of November 20, 2023 through November 15, 2024.

The investment objective of YDEC is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying MSCI ETF, up to a predetermined upside cap of 16.82% while providing a buffer (before fees and expenses) against the first 15% of Underlying MSCI ETF losses, over the period from December 23, 2024 through December 19, 2025. Prior to December 23, 2024, the Fund's investment objective included an upside cap of 18.40% and an Outcome Period of December 18, 2023 through December 20, 2024.

The investment objective of QDEC is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying Invesco ETF, up to a predetermined upside cap of 18.18% while providing a buffer (before fees and expenses) against the first 10% of Underlying Invesco ETF losses, over the period from December 23, 2024 through December 19, 2025. Prior to December 23, 2024, the Fund's investment objective included an upside cap of 18.98% and an Outcome Period of December 18, 2023 through December 20, 2024.

The investment objective of XDEC is to seek to provide investors with returns (before fees and expenses) of approximately twice any positive price return of the Underlying SPDR ETF, up to a predetermined upside cap of 10.16% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from December 23, 2024 through December 19, 2025. Prior to December 23, 2024, the Fund's investment objective included an upside cap of 10.76% and an Outcome Period of December 18, 2023 through December 20, 2024.

Under normal market conditions, each Fund, except BUFY and BUFX, will invest substantially all of its assets in FLexible EXchange<sup>®</sup> Options ("FLEX Options") that reference the price performance of a specified reference ETF, either the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, the Invesco QQQ Trust<sup>SM</sup>, Series 1, or the iShares MSCI EAFE ETF (the "Underlying ETF").

The investment objective of BUFY is to seek to provide investors with capital appreciation. BUFY seeks to achieve its investment objective by providing investors with international developed market equity exposure while attempting to limit downside risk through a laddered portfolio of FT Vest International Equity Moderate Buffer ETFs (the "Underlying International Laddered ETFs"). Under normal market conditions, BUFY will invest substantially all of its assets in Underlying International Laddered ETFs. Unlike the Underlying International Laddered ETFs, BUFY itself does not pursue a target outcome strategy. The buffer is only provided by the Underlying International Laddered ETFs and BUFY itself does not provide any stated buffer against losses. In order to understand BUFY's strategy and risks, it is important to understand the strategies and risks of the Underlying International Laddered ETFs.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

The investment objective of BUFX is to seek to provide investors with capital appreciation. BUFX seeks to achieve its investment objective by providing investors with US large-cap equity market exposure while attempting to limit downside risk through a laddered portfolio of twelve FT Vest U.S. Equity Enhance & Moderate Buffer ETFs (the "Underlying Enhance Laddered ETFs"). Under normal market conditions, BUFX will invest substantially all of its assets in Underlying Enhance Laddered ETFs. Unlike the Underlying Enhance Laddered ETFs, BUFX itself does not pursue a target outcome strategy. The buffer is only provided by the Underlying Enhance Laddered ETFs and BUFX itself does not provide any stated buffer against losses. In order to understand BUFX's strategy and risks, it is important to understand the strategies and risks of the Underlying Enhance Laddered ETFs.

**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. 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:

Exchange-traded options contracts (other than FLEX Option contracts) are valued at the closing price in the market where such contracts are principally traded. If no closing price is available, exchange-traded options contracts are valued at the mean of their most recent bid and ask price, if both are available. Over-the-counter options contracts are valued as follows, depending on the market in which the instrument trades: (1) the mean of their most recent bid and ask price, if available; or (2) a price based on the equivalent exchange-traded option. FLEX Option contracts are normally valued using a model-based price provided by a third-party pricing vendor. On days when a trade in a FLEX Option contract occurs within 15 minutes before or after the close of the respective exchange, the trade price will be used to value such FLEX Option contracts in lieu of the model price.

ETFs and other equity securities listed on any national or foreign exchange (excluding Nasdaq, Inc. ("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.

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 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

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

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.

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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 August 31, 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.

**C. FLEX Options**

FLEX Options are customized equity or index option contracts that trade on an exchange, but provide investors with the ability to customize key contract terms like exercise prices, styles and expiration dates. FLEX Options are guaranteed for settlement by the Options Clearing Corporation.

Each Fund, with the exception of BUFY and BUFX, purchases and sells call and put FLEX Options based on the performance of the Underlying ETF. The FLEX Options that each Fund holds that reference the Underlying ETF will give each Fund the right to receive or deliver shares of the Underlying ETF on the option expiration date at a strike price, depending on whether the option is a put or call option and whether each Fund purchases or sells the option. The FLEX Options held by each Fund are European style options, which are exercisable at the strike price only on the FLEX Option expiration date. All options held by each Fund at August 31, 2025 are FLEX Options.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**D. Affiliated Transactions**

BUFY and BUFX invest in securities of affiliated funds. BUFY's and BUFX'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 BUFY at August 31, 2025, and for the fiscal period then ended are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Shares at <br>8/31/2025<br>| Value at <br>9/25/2024<br>| Purchases | Sales | Change in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Realized <br>Gain <br>(Loss)<br>| Value at <br>8/31/2025<br>| Dividend <br>Income<br>|
| FT Vest International Equity <br> Moderate Buffer ETF - March<br>| 370872 | $— | $9122988 | $(39669)<br>| $542970 | $(343)<br>| $9625946 | $— |
| FT Vest International Equity <br> Moderate Buffer ETF - June<br>| 387258 |  | 9150583 | (110074)<br>| 557766 | (2874)<br>| 9595401 |  |
| FT Vest International Equity <br> Moderate Buffer ETF - September<br>| 390971 |  | 9177698 | (82801)<br>| 648906 | (845)<br>| 9742958 |  |
| FT Vest International Equity <br> Moderate Buffer ETF - December<br>| 376226 |  | 9189324 | (3410)<br>| 392776 | (14)<br>| 9578676 |  |
|  |  | $— | $36640593 | $(235954)<br>| $2142418 | $(4076)<br>| $38542981 | $— |

---

Amounts relating to investments in affiliated funds in BUFX at August 31, 2025, and for the fiscal period then ended are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Shares at <br>8/31/2025<br>| Value at <br>6/24/2025<br>| Purchases | Sales | Change in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Realized <br>Gain <br>(Loss)<br>| Value at <br>8/31/2025<br>| Dividend <br>Income<br>|
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - January<br>| 12085 | $— | $424898 | $— | $5877 | $— | $430775 | $— |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - February<br>| 12460 |  | 425275 |  | 5581 |  | 430856 |  |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - March<br>| 10990 |  | 422809 |  | 4626 |  | 427435 |  |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - April<br>| 11975 |  | 421855 |  | 4312 |  | 426167 |  |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - May<br>| 12655 |  | 423587 |  | 5660 |  | 429247 |  |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - June<br>| 10245 |  | 422902 |  | 5409 |  | 428311 |  |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - July<br>| 11305 |  | 423001 |  | 5318 |  | 428319 |  |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - August<br>| 11765 |  | 422022 |  | 4834 |  | 426856 |  |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - September<br>| 10365 |  | 423294 |  | 5647 |  | 428941 |  |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - October<br>| 11815 |  | 425064 |  | 6420 |  | 431484 |  |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - November<br>| 11855 |  | 424039 |  | 5833 |  | 429872 |  |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - December<br>| 10870 |  | 425046 |  | 5881 |  | 430927 |  |
|  |  | $— | $5083792 | $— | $65398 | $— | $5149190 | $— |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**E. Dividends and Distributions to Shareholders**

Dividends from net investment income of each Fund, if any, are declared and paid annually, with the exception of BUFY and BUFX which 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 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. During their applicable taxable periods, none of the Funds paid a distribution in 2025 or 2024.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

As of the applicable taxable year end, the components of distributable earnings on a tax basis for each Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Taxable <br>Year-End<br>| Undistributed <br>Ordinary <br>Income<br>| Accumulated <br>Capital and <br>Other <br>Gain (Loss)<br>| Net <br>Unrealized <br>Appreciation <br>(Depreciation)<br>|
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(5)<br>| &nbsp;&nbsp; $1041 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> January<br>| 31-Jan-25 | &nbsp;&nbsp; (25052)<br>| &nbsp;&nbsp; (7891646)<br>| &nbsp;&nbsp; 141531 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 78682 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> February<br>| 28-Feb-25 | &nbsp;&nbsp; (35502)<br>| &nbsp;&nbsp; (5067476)<br>| &nbsp;&nbsp; (59707)<br>|
| FT Vest International Equity Moderate Buffer ETF - <br> March<br>| 31-Mar-25 | &nbsp;&nbsp; (220748)<br>| &nbsp;&nbsp; (13249819)<br>| &nbsp;&nbsp; (1237119)<br>|
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; (957961)<br>| &nbsp;&nbsp; (48670820)<br>| &nbsp;&nbsp; (5546377)<br>|
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> March<br>| 31-Mar-25 | &nbsp;&nbsp; (350506)<br>| &nbsp;&nbsp; (50985475)<br>| &nbsp;&nbsp; (581066)<br>|
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; (89090)<br>| &nbsp;&nbsp; (2251119)<br>| &nbsp;&nbsp; 836040 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> April<br>| 30-Apr-25 | &nbsp;&nbsp; (97587)<br>| &nbsp;&nbsp; (3555096)<br>| &nbsp;&nbsp; 265345 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; (244431)<br>| &nbsp;&nbsp; (1997388)<br>| &nbsp;&nbsp; (154446)<br>|
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> May<br>| 31-May-25 | &nbsp;&nbsp; (90505)<br>| &nbsp;&nbsp; (1529080)<br>| &nbsp;&nbsp; (24090)<br>|
| FT Vest International Equity Moderate Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; (663684)<br>| &nbsp;&nbsp; (23175068)<br>| &nbsp;&nbsp; 2170740 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; (2254525)<br>| &nbsp;&nbsp; (74387195)<br>| &nbsp;&nbsp; 16074575 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> June<br>| 30-Jun-25 | &nbsp;&nbsp; (647926)<br>| &nbsp;&nbsp; (17337652)<br>| &nbsp;&nbsp; 2142695 |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; (268989)<br>| &nbsp;&nbsp; (4546814)<br>| &nbsp;&nbsp; 177383 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> July<br>| 31-Jul-25 | &nbsp;&nbsp; (254950)<br>| &nbsp;&nbsp; (9233990)<br>| &nbsp;&nbsp; 169505 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; (167359)<br>| &nbsp;&nbsp; (2553605)<br>| &nbsp;&nbsp; (62065)<br>|
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> August<br>| 31-Aug-25 | &nbsp;&nbsp; (213670)<br>| &nbsp;&nbsp; (3265004)<br>| &nbsp;&nbsp; 122513 |
| FT Vest International Equity Moderate Buffer ETF - <br> September<br>| 30-Sep-24 | &nbsp;&nbsp; (226829)<br>| &nbsp;&nbsp; (5079802)<br>| &nbsp;&nbsp; 248080 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; (1798937)<br>| &nbsp;&nbsp; (36371334)<br>| &nbsp;&nbsp; 2022747 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> September<br>| 30-Sep-24 | &nbsp;&nbsp; (848599)<br>| &nbsp;&nbsp; (16413121)<br>| &nbsp;&nbsp; 490478 |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (245284)<br>|
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> October<br>| 31-Oct-24 | &nbsp;&nbsp; (356069)<br>| &nbsp;&nbsp; (16371672)<br>| &nbsp;&nbsp; (581749)<br>|
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 126092 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> November<br>| 30-Nov-24 | &nbsp;&nbsp; (192234)<br>| &nbsp;&nbsp; (99461)<br>| &nbsp;&nbsp; 219088 |
| FT Vest International Equity Moderate Buffer ETF - <br> December<br>| 31-Dec-24 | &nbsp;&nbsp; — | &nbsp;&nbsp; (8348837)<br>| &nbsp;&nbsp; 115265 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - December | 31-Dec-24 | &nbsp;&nbsp; — | &nbsp;&nbsp; (55465642)<br>| &nbsp;&nbsp; (3306207)<br>|
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> December<br>| 31-Dec-24 | &nbsp;&nbsp; — | &nbsp;&nbsp; (48693425)<br>| &nbsp;&nbsp; 152993 |
| FT Vest Laddered International Moderate Buffer ETF | 31-Aug-25 | &nbsp;&nbsp; (14759)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 2138324 |
| FT Vest Laddered Enhance & Moderate Buffer ETF | 31-Aug-25 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 65398 |

---

**F. Income Taxes**

Each Fund intends to qualify or 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

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

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.

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 YMAR, QMAR, YJUN, QJUN, and XJUN the taxable years ended 2022, 2023, 2024, and 2025 remain open to federal and state audit. For YSEP, QSPT, YDEC, QDEC, and XDEC the taxable years ended 2021, 2022, 2023, and 2024 remain open to federal and state audit. For XMAR, XJUL, and XAUG the taxable years ended 2023, 2024, and 2025 remain open to federal and state audit. For XSEP the taxable years ended 2022, 2023, and 2024 remain open to federal and state audit. For XJAN, XFEB, QCAP, XAPR, QMMY, XMAY, QCJL, QMAG, and BUFY the taxable years ended 2024 and 2025 remain open to federal and state audit. For XOCT and XNOV the taxable years ended 2023 and 2024 remain open to federal and state audit. For QCJA, QMFE, and BUFX the taxable year ended 2025 remains open to federal and state audit. For QCOC and QMNV the taxable year ended 2024 remains open to federal and state audit. As of August 31, 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 each Fund's applicable taxable year end, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Taxable <br>Year End<br>| Non-Expiring <br>Capital Loss <br>Carryforwards<br>|
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; $5 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; 7891646 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; 5067476 |
| FT Vest International Equity Moderate Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; 13249819 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; 48670820 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; 50985475 |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; 2251119 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; 3555096 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; 1997388 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; 1529080 |
| FT Vest International Equity Moderate Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; 23175068 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; 74387195 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; 17337652 |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; 4546814 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; 9233990 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; 2553605 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; 3265004 |
| FT Vest International Equity Moderate Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; 5079802 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; 36371334 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; 16413121 |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; 16371672 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; 99461 |
| FT Vest International Equity Moderate Buffer ETF - December | 31-Dec-24 | &nbsp;&nbsp; 8348837 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - December | 31-Dec-24 | &nbsp;&nbsp; 55465642 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
|  | Taxable<br> Year End<br>| Non-Expiring<br> Capital Loss<br> Carryforwards<br>|
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December | 31-Dec-24 | &nbsp;&nbsp; $48693425 |
| FT Vest Laddered International Moderate Buffer ETF | 31-Aug-25 | &nbsp;&nbsp; — |
| FT Vest Laddered Enhance & Moderate Buffer ETF | 31-Aug-25 | &nbsp;&nbsp; — |

---

During the applicable taxable year end, the Funds listed below utilized non-expiring capital loss carryforwards in the following amounts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | Capital <br>Loss <br>Utilized<br>|
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March | $11822088 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June | 4458023 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July | 1153943 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December | 9251494 |

---

Certain losses realized during the current taxable year may be deferred and treated as occurring on the first day of the following taxable year for federal income tax purposes. At each Fund's applicable taxable year end, the following Funds incurred and elected to defer net late year ordinary or capital losses as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | Taxable <br>Year End | Qualified Late Year Losses | Qualified Late Year Losses |
|  | Taxable <br>Year End | Ordinary Losses | Capital Losses |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; $25052 | &nbsp;&nbsp; $— |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; 35502 | &nbsp;&nbsp; — |
| FT Vest International Equity Moderate Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; 220748 | &nbsp;&nbsp; — |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; 957961 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; 350506 | &nbsp;&nbsp; — |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; 89090 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; 97587 | &nbsp;&nbsp; — |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; 244431 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; 90505 | &nbsp;&nbsp; — |
| FT Vest International Equity Moderate Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; 663684 | &nbsp;&nbsp; — |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; 2254525 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; 647926 | &nbsp;&nbsp; — |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; 268989 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; 254950 | &nbsp;&nbsp; — |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; 167359 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; 213670 | &nbsp;&nbsp; — |
| FT Vest International Equity Moderate Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; 226829 | &nbsp;&nbsp; — |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; 1798937 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; 848599 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; 356069 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; 192234 | &nbsp;&nbsp; — |
| FT Vest Laddered International Moderate Buffer ETF | 31-Aug-25 | &nbsp;&nbsp; 14759 | &nbsp;&nbsp; — |

---

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 each Fund's applicable taxable period, the adjustments were as follows:

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Taxable <br>Year End<br>| Accumulated <br>Net Investment <br>Income (Loss)<br>| Accumulated <br>Net Realized <br>Gain (Loss) <br>on Investments<br>| Paid-In <br>Capital<br>|
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; $3605 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(3605)<br>|
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> January<br>| 31-Jan-25 | &nbsp;&nbsp; 570097 | &nbsp;&nbsp; (15365554)<br>| &nbsp;&nbsp; 14795457 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; 598 | &nbsp;&nbsp; — | &nbsp;&nbsp; (598)<br>|
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> February<br>| 28-Feb-25 | &nbsp;&nbsp; 236079 | &nbsp;&nbsp; (8430775)<br>| &nbsp;&nbsp; 8194696 |
| FT Vest International Equity Moderate Buffer ETF - <br> March<br>| 31-Mar-25 | &nbsp;&nbsp; 745199 | &nbsp;&nbsp; (11747187)<br>| &nbsp;&nbsp; 11001988 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; 3241562 | &nbsp;&nbsp; (64486941)<br>| &nbsp;&nbsp; 61245379 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> March<br>| 31-Mar-25 | &nbsp;&nbsp; 1480621 | &nbsp;&nbsp; (7829461)<br>| &nbsp;&nbsp; 6348840 |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; 182896 | &nbsp;&nbsp; (3825083)<br>| &nbsp;&nbsp; 3642187 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> April<br>| 30-Apr-25 | &nbsp;&nbsp; 122107 | &nbsp;&nbsp; (6032894)<br>| &nbsp;&nbsp; 5910787 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; 388721 | &nbsp;&nbsp; (20230771)<br>| &nbsp;&nbsp; 19842050 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> May<br>| 31-May-25 | &nbsp;&nbsp; 125977 | &nbsp;&nbsp; (3380501)<br>| &nbsp;&nbsp; 3254524 |
| FT Vest International Equity Moderate Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; 1413227 | &nbsp;&nbsp; (23858684)<br>| &nbsp;&nbsp; 22445457 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; 3563488 | &nbsp;&nbsp; (77043834)<br>| &nbsp;&nbsp; 73480346 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> June<br>| 30-Jun-25 | &nbsp;&nbsp; 1569870 | &nbsp;&nbsp; (12988390)<br>| &nbsp;&nbsp; 11418520 |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; 215330 | &nbsp;&nbsp; (12275203)<br>| &nbsp;&nbsp; 12059873 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> July<br>| 31-Jul-25 | &nbsp;&nbsp; 399168 | &nbsp;&nbsp; (4873888)<br>| &nbsp;&nbsp; 4474720 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; 254088 | &nbsp;&nbsp; (10254351)<br>| &nbsp;&nbsp; 10000263 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> August<br>| 31-Aug-25 | &nbsp;&nbsp; 175369 | &nbsp;&nbsp; (4666074)<br>| &nbsp;&nbsp; 4490705 |
| FT Vest International Equity Moderate Buffer ETF - <br> September<br>| 30-Sep-24 | &nbsp;&nbsp; 247826 | &nbsp;&nbsp; (6294560)<br>| &nbsp;&nbsp; 6046734 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; 1033305 | &nbsp;&nbsp; (72129881)<br>| &nbsp;&nbsp; 71096576 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> September<br>| 30-Sep-24 | &nbsp;&nbsp; 1182934 | &nbsp;&nbsp; (20410259)<br>| &nbsp;&nbsp; 19227325 |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; 4026 | &nbsp;&nbsp; — | &nbsp;&nbsp; (4026)<br>|
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> October<br>| 31-Oct-24 | &nbsp;&nbsp; 44138 | &nbsp;&nbsp; (21135250)<br>| &nbsp;&nbsp; 21091112 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; 3732 | &nbsp;&nbsp; — | &nbsp;&nbsp; (3732)<br>|
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> November<br>| 30-Nov-24 | &nbsp;&nbsp; 13649 | &nbsp;&nbsp; (2590734)<br>| &nbsp;&nbsp; 2577085 |
| FT Vest International Equity Moderate Buffer ETF - <br> December<br>| 31-Dec-24 | &nbsp;&nbsp; 664416 | &nbsp;&nbsp; (6982707)<br>| &nbsp;&nbsp; 6318291 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - December | 31-Dec-24 | &nbsp;&nbsp; 3277834 | &nbsp;&nbsp; (92894487)<br>| &nbsp;&nbsp; 89616653 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> December<br>| 31-Dec-24 | &nbsp;&nbsp; 2830432 | &nbsp;&nbsp; (27766693)<br>| &nbsp;&nbsp; 24936261 |
| FT Vest Laddered International Moderate Buffer ETF | 31-Aug-25 | &nbsp;&nbsp; 2356 | &nbsp;&nbsp; (18)<br>| &nbsp;&nbsp; (2338)<br>|
| FT Vest Laddered Enhance & Moderate Buffer ETF | 31-Aug-25 | &nbsp;&nbsp; 610 | &nbsp;&nbsp; — | &nbsp;&nbsp; (610)<br>|

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

As of August 31, 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Tax Cost | Gross <br> Unrealized <br>Appreciation<br>| Gross <br> Unrealized <br>(Depreciation)<br>| Net Unrealized <br>Appreciation <br>(Depreciation)<br>|
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - January | $47354304 | &nbsp;&nbsp; $4626029 | &nbsp;&nbsp; $(2447637)<br>| &nbsp;&nbsp; $2178392 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> January<br>| 40283108 | &nbsp;&nbsp; 5363584 | &nbsp;&nbsp; (3691054)<br>| &nbsp;&nbsp; 1672530 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - February | 38664798 | &nbsp;&nbsp; 6635512 | &nbsp;&nbsp; (3890000)<br>| &nbsp;&nbsp; 2745512 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> February<br>| 46079336 | &nbsp;&nbsp; 8085152 | &nbsp;&nbsp; (5663886)<br>| &nbsp;&nbsp; 2421266 |
| FT Vest International Equity Moderate Buffer ETF - <br> March<br>| 126607494 | &nbsp;&nbsp; 15155781 | &nbsp;&nbsp; (6850316)<br>| &nbsp;&nbsp; 8305465 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - March | 408863330 | &nbsp;&nbsp; 86301663 | &nbsp;&nbsp; (43677511)<br>| &nbsp;&nbsp; 42624152 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> March<br>| 165388259 | &nbsp;&nbsp; 41715958 | &nbsp;&nbsp; (32753040)<br>| &nbsp;&nbsp; 8962918 |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - April | 37442956 | &nbsp;&nbsp; 10643195 | &nbsp;&nbsp; (7611933)<br>| &nbsp;&nbsp; 3031262 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> April<br>| 50313942 | &nbsp;&nbsp; 9776703 | &nbsp;&nbsp; (8452720)<br>| &nbsp;&nbsp; 1323983 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - May | 87136143 | &nbsp;&nbsp; 9030098 | &nbsp;&nbsp; (4837672)<br>| &nbsp;&nbsp; 4192426 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> May<br>| 21168456 | &nbsp;&nbsp; 3224079 | &nbsp;&nbsp; (2325807)<br>| &nbsp;&nbsp; 898272 |
| FT Vest International Equity Moderate Buffer ETF - June | 163048954 | &nbsp;&nbsp; 9187546 | &nbsp;&nbsp; (4963283)<br>| &nbsp;&nbsp; 4224263 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - June | 601994297 | &nbsp;&nbsp; 56403892 | &nbsp;&nbsp; (26763011)<br>| &nbsp;&nbsp; 29640881 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> June<br>| 140412806 | &nbsp;&nbsp; 20769048 | &nbsp;&nbsp; (15670782)<br>| &nbsp;&nbsp; 5098266 |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - July | 78030594 | &nbsp;&nbsp; 1617420 | &nbsp;&nbsp; (792896)<br>| &nbsp;&nbsp; 824524 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> July<br>| 46664951 | &nbsp;&nbsp; 2404336 | &nbsp;&nbsp; (1612652)<br>| &nbsp;&nbsp; 791684 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - August | 48726458 | &nbsp;&nbsp; 275220 | &nbsp;&nbsp; (337285)<br>| &nbsp;&nbsp; (62065)<br>|
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> August<br>| 29831996 | &nbsp;&nbsp; 400440 | &nbsp;&nbsp; (277927)<br>| &nbsp;&nbsp; 122513 |
| FT Vest International Equity Moderate Buffer ETF - <br> September<br>| 86686031 | &nbsp;&nbsp; 12779355 | &nbsp;&nbsp; (4734462)<br>| &nbsp;&nbsp; 8044893 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - September | 358284896 | &nbsp;&nbsp; 75851798 | &nbsp;&nbsp; (26266776)<br>| &nbsp;&nbsp; 49585022 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> September<br>| 119352087 | &nbsp;&nbsp; 24968981 | &nbsp;&nbsp; (16900728)<br>| &nbsp;&nbsp; 8068253 |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - October | 33222429 | &nbsp;&nbsp; 5130503 | &nbsp;&nbsp; (2532453)<br>| &nbsp;&nbsp; 2598050 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> October<br>| 110149564 | &nbsp;&nbsp; 17775900 | &nbsp;&nbsp; (10953108)<br>| &nbsp;&nbsp; 6822792 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - November | 32315975 | &nbsp;&nbsp; 3961951 | &nbsp;&nbsp; (2282453)<br>| &nbsp;&nbsp; 1679498 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> November<br>| 24046063 | &nbsp;&nbsp; 4019987 | &nbsp;&nbsp; (2655021)<br>| &nbsp;&nbsp; 1364966 |
| FT Vest International Equity Moderate Buffer ETF - <br> December<br>| 68247106 | &nbsp;&nbsp; 15683641 | &nbsp;&nbsp; (7554124)<br>| &nbsp;&nbsp; 8129517 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - December | 503489379 | &nbsp;&nbsp; 66433229 | &nbsp;&nbsp; (25302068)<br>| &nbsp;&nbsp; 41131161 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - <br> December<br>| 178977430 | &nbsp;&nbsp; 23713257 | &nbsp;&nbsp; (12014801)<br>| &nbsp;&nbsp; 11698456 |
| FT Vest Laddered International Moderate Buffer ETF | 36409517 | &nbsp;&nbsp; 2141430 | &nbsp;&nbsp; (3106)<br>| &nbsp;&nbsp; 2138324 |
| FT Vest Laddered Enhance & Moderate Buffer ETF | 5085956 | &nbsp;&nbsp; 65398 | &nbsp;&nbsp; — | &nbsp;&nbsp; 65398 |

---

**G. Expenses**

Expenses, other than the investment advisory fee and other excluded expenses, are paid by the Advisor (see Note 3).

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**H. 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 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 paid an annual unitary management fee based on a percentage of each Fund's average daily net assets. In addition, BUFY and BUFX incur a pro rata share of fees and expenses attributable to investments in other investment companies ("acquired fund fees and expenses"). The total of the unitary management fee and acquired fund fees and expenses represents the total annual operating expenses for BUFY and BUFX. The annual unitary management fee payable by each Fund, with the exception of XJAN, XFEB, XMAR, XAPR, XMAY, XJUN, XJUL, XAUG, XSEP, XOCT, XNOV, XDEC, BUFY, and BUFX, 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 schedule:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Breakpoints |  |
| Fund net assets up to and including $2.5 billion | 0.9000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.8775<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.8550<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.8325<br> %<br>|
| Fund net assets greater than $10 billion | 0.8100<br> %<br>|

---

For XJAN, XFEB, XMAR, XAPR, XMAY, XJUN, XJUL, XAUG, XSEP, XOCT, XNOV and XDEC, the annual unitary management fee payable by each Fund will be calculated pursuant to the following schedule:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Breakpoints |  |
| Fund net assets up to and including $2.5 billion | 0.85000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.82875<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.80750<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.78625<br> %<br>|
| Fund net assets greater than $10 billion | 0.76500<br> %<br>|

---

For BUFX, and effective June 30, 2025, for BUFY, the annual unitary management fee payable by each Fund will be calculated pursuant to the following schedule:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Breakpoints |  |
| Fund net assets up to and including $2.5 billion | 0.1000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.0975<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.0950<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.0925<br> %<br>|
| Fund net assets greater than $10 billion up to and including $15 billion | 0.0900<br> %<br>|
| Fund net assets greater than $15 billion | 0.0850<br> %<br>|

---

Prior to June 30, 2025, for BUFY, the annual unitary management fee payable by the Fund was calculated pursuant to the following schedule:

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Breakpoints |  |
| Fund net assets up to and including $2.5 billion | 0.200<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.195<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.190<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.185<br> %<br>|
| Fund net assets greater than $10 billion up to and including $15 billion | 0.180<br> %<br>|
| Fund net assets greater than $15 billion | 0.170<br> %<br>|

---

Prior to June 30, 2025, for BUFY, the Advisor had agreed to waive management fees of 0.10% of average daily net assets. During any period in which such waiver was in effect, the Fund was not eligible for any breakpoint discounts. During the period ended August 31, 2025, the Advisor waived fees of $11,371 for BUFY. Effective June 30, 2025, such waiver was terminated.

First Trust and Vest Financial LLC ("Vest"), an affiliate of First Trust, are responsible for each Fund's expenses, including the cost of transfer agency, sub-advisory, custody, fund administration, legal, audit and other services, but excluding fee payments under the Investment Management Agreement, interest, taxes, acquired fund fees and expenses, 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, and extraordinary expenses.

Vest serves as the Funds' sub-advisor and manages each Fund's portfolio subject to First Trust's supervision. Pursuant to the Investment Management Agreement, between the Trust, on behalf of the Funds, and the Advisor, and the Investment Sub-Advisory Agreement among the Trust, on behalf of the Funds, the Advisor and Vest, First Trust will supervise Vest and its management of the investment of each Fund's assets and will pay Vest for its services as the Funds' sub-advisor a sub-advisory fee equal to 50% of the monthly unitary management fee paid to the Advisor, less Vest's 50% share of the expenses for that month. In the event the Sub-Advisor's share of the expenses exceeds the amount of the sub-advisory fee in any month, the Sub-Advisor will pay the difference to the Advisor. During any period in which the Advisor's management fee is reduced in accordance with the breakpoints described above, the investment sub-advisory fee (which is based on the Advisor's management fee) paid to Vest will be reduced to reflect the reduction in the Advisor's management fee.

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 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.

**4. Purchases and Sales of Securities** 

For the period ended August 31, 2025, the Funds, except BUFY and BUFX, had no purchases or sales of investments, excluding short-term investments and in-kind transactions. Each Fund, except BUFY and BUFX, holds options for a target outcome period of approximately one year based on the expiration date of the options, which occurs on the third Friday of the month corresponding to the month in each Fund name. For securities transactions purposes, the options are considered short-term investments.

For the period ended August 31, 2025, the cost of purchases and proceeds from sales of investments for BUFY and BUFX, excluding short-term investments and in-kind transactions, were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| FT Vest Laddered International Moderate Buffer ETF | $222257 | &nbsp;&nbsp; $235954 |
| FT Vest Laddered Enhance & Moderate Buffer ETF |  | &nbsp;&nbsp; — |

---

For the period ended August 31, 2025, the cost of in-kind purchases and proceeds from in-kind sales for each Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - January | $15685932 | &nbsp;&nbsp; $10312037 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January | 32068759 | &nbsp;&nbsp; 87309690 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - February | 17092707 | &nbsp;&nbsp; 12302001 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February | 9070683 | &nbsp;&nbsp; 55817971 |
| FT Vest International Equity Moderate Buffer ETF - March | 9689339 | &nbsp;&nbsp; 126310691 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - March | 10564603 | &nbsp;&nbsp; 420132450 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March | 8029526 | &nbsp;&nbsp; 65833304 |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - April | 6392499 | &nbsp;&nbsp; 35046149 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April | 14686426 | &nbsp;&nbsp; 48577269 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - May | 132756639 | &nbsp;&nbsp; 217521240 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May | 4081640 | &nbsp;&nbsp; 33234557 |
| FT Vest International Equity Moderate Buffer ETF - June | 12003146 | &nbsp;&nbsp; 212716390 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - June | 102589246 | &nbsp;&nbsp; 714930546 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June | 7957286 | &nbsp;&nbsp; 131531513 |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - July | 11043182 | &nbsp;&nbsp; 88285126 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July | 25328130 | &nbsp;&nbsp; 45706247 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - August | 17897940 | &nbsp;&nbsp; 104598247 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August | 10781925 | &nbsp;&nbsp; 46484560 |
| FT Vest International Equity Moderate Buffer ETF - September | 7854621 | &nbsp;&nbsp; 56972845 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - September | 27571668 | &nbsp;&nbsp; 327571410 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September |  | &nbsp;&nbsp; 98399288 |
| FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - October |  | &nbsp;&nbsp; 14229819 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October | 27915360 | &nbsp;&nbsp; 71678235 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - November | 15745617 | &nbsp;&nbsp; 30452931 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November | 826364 | &nbsp;&nbsp; 38665092 |
| FT Vest International Equity Moderate Buffer ETF - December | 3696156 | &nbsp;&nbsp; 78391914 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - December | 51582145 | &nbsp;&nbsp; 369470081 |
| FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December | 11120976 | &nbsp;&nbsp; 200925478 |
| FT Vest Laddered International Moderate Buffer ETF | 36418336 | &nbsp;&nbsp; — |
| FT Vest Laddered Enhance & Moderate Buffer ETF | 5083792 | &nbsp;&nbsp; — |

---

**5. Derivative Transactions** 

The following table presents the types of derivatives held by each Fund at August 31, 2025, the primary underlying risk exposure and the location of these instruments as presented on the Statements of Assets and Liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Asset Derivatives** | **Asset Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| **Derivative** <br>**Instrument**<br>| **Risk** <br>**Exposure**<br>| **Statements of Assets and** <br>**Liabilities Location**<br>| **Value** | **Statements of Assets and** <br>**Liabilities Location**<br>| **Value** |
| **QCJA** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; $51317200 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; $2085101 |
| **XJAN** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 47293193 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 5603738 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Asset Derivatives** | **Asset Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| **Derivative**<br> **Instrument**<br>| **Risk**<br> **Exposure**<br>| **Statements of Assets and**<br> **Liabilities Location**<br>| **Value** | **Statements of Assets and**<br> **Liabilities Location**<br>| **Value** |
| **QMFE** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; $42827073 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; $1710954 |
| **XFEB** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 55169345 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 7035414 |
| **YMAR** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 137640619 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 3829523 |
| **QMAR** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 486973740 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 38825424 |
| **XMAR** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 217817525 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 44732639 |
| **QCAP** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 47558761 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 7420339 |
| **XAPR** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 70888254 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 19694147 |
| **QMMY** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 96460183 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 5971156 |
| **XMAY** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 26133599 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 4260809 |
| **YJUN** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 171542480 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 6079337 |
| **QJUN** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 664441643 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 39013901 |
| **XJUN** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 173713393 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 29624151 |
| **QCJL** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 82443064 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 4465460 |
| **XJUL** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 53539703 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 6621029 |
| **QMAG** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 50901282 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 2754576 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Asset Derivatives** | **Asset Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| **Derivative**<br> **Instrument**<br>| **Risk**<br> **Exposure**<br>| **Statements of Assets and**<br> **Liabilities Location**<br>| **Value** | **Statements of Assets and**<br> **Liabilities Location**<br>| **Value** |
| **XAUG** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; $33298705 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; $3705833 |
| **YSEP** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 94802191 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 423225 |
| **QSPT** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 416071736 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 9373800 |
| **XSEP** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 147890051 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 20917590 |
| **QCOC** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 37391073 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 1698926 |
| **XOCT** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 130906207 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 14400372 |
| **QMNV** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 35272575 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 1424704 |
| **XNOV** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 28775436 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 3482453 |
| **YDEC** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 81135804 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 5192893 |
| **QDEC** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 552171708 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 10532148 |
| **XDEC** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 214625853 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 25089207 |

---

The following table presents the amount of net realized gain (loss) and change in net unrealized appreciation (depreciation) recognized for the period ended August 31, 2025, on each Fund's derivative instruments, as well as the primary underlying risk exposure associated with the instruments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Statements of Operations Location** | **QCJA**  | **XJAN**  | **QMFE**  | **XFEB**  | **YMAR**  |
| **Equity Risk Exposure** |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |
| Purchased options contracts | $1026194 | &nbsp;&nbsp; $18614375 | &nbsp;&nbsp; $1667277 | &nbsp;&nbsp; $6788533 | &nbsp;&nbsp; $3606259 |
| Written options contracts | 248421 | &nbsp;&nbsp; (14071475)<br>| &nbsp;&nbsp; 261008 | &nbsp;&nbsp; (3803287)<br>| &nbsp;&nbsp; 2238451 |
| Net change in unrealized appreciation <br>(depreciation) on:<br>|  |  |  |  |  |
| Purchased options contracts | 1942411 | &nbsp;&nbsp; (7676471)<br>| &nbsp;&nbsp; 2519364 | &nbsp;&nbsp; 1678636 | &nbsp;&nbsp; 4479859 |
| Written options contracts | 235981 | &nbsp;&nbsp; 7739253 | &nbsp;&nbsp; 226148 | &nbsp;&nbsp; 70388 | &nbsp;&nbsp; (167140)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Statements of Operations Location** | **QMAR**  | **XMAR**  | **QCAP**  | **XAPR**  | **QMMY**  |
| **Equity Risk Exposure** |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |
| Purchased options contracts | $16217549 | &nbsp;&nbsp; $20731881 | &nbsp;&nbsp; $412574 | &nbsp;&nbsp; $(1631968)<br>| &nbsp;&nbsp; $12664545 |
| Written options contracts | 20385996 | &nbsp;&nbsp; (836150)<br>| &nbsp;&nbsp; 1355135 | &nbsp;&nbsp; 4525161 | &nbsp;&nbsp; 2716981 |
| Net change in unrealized appreciation <br>(depreciation) on:<br>|  |  |  |  |  |
| Purchased options contracts | 33471068 | &nbsp;&nbsp; 8836017 | &nbsp;&nbsp; 5705069 | &nbsp;&nbsp; 6131363 | &nbsp;&nbsp; 3926713 |
| Written options contracts | (17285961)<br>| &nbsp;&nbsp; (9678943)<br>| &nbsp;&nbsp; (3724589)<br>| &nbsp;&nbsp; (5381047)<br>| &nbsp;&nbsp; (215745)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Statements of Operations Location** | **XMAY**  | **YJUN**  | **QJUN**  | **XJUN**  | **QCJL**  |
| **Equity Risk Exposure** |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |
| Purchased options contracts | $(153442)<br>| &nbsp;&nbsp; $12080528 | &nbsp;&nbsp; $23864772 | &nbsp;&nbsp; $12139444 | &nbsp;&nbsp; $7131326 |
| Written options contracts | 1706355 | &nbsp;&nbsp; 3239965 | &nbsp;&nbsp; 24564701 | &nbsp;&nbsp; 4959936 | &nbsp;&nbsp; 643786 |
| Net change in unrealized appreciation <br>(depreciation) on:<br>|  |  |  |  |  |
| Purchased options contracts | 1165862 | &nbsp;&nbsp; (3034865)<br>| &nbsp;&nbsp; 29477307 | &nbsp;&nbsp; 8469025 | &nbsp;&nbsp; (64427)<br>|
| Written options contracts | (525895)<br>| &nbsp;&nbsp; 1611838 | &nbsp;&nbsp; (2652143)<br>| &nbsp;&nbsp; (7788335)<br>| &nbsp;&nbsp; 105086 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Statements of Operations Location** | **XJUL**  | **QMAG**  | **XAUG**  | **YSEP**  | **QSPT**  |
| **Equity Risk Exposure** |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |
| Purchased options contracts | $9811157 | &nbsp;&nbsp; $8667665 | &nbsp;&nbsp; $8788718 | &nbsp;&nbsp; $5478609 | &nbsp;&nbsp; $51794579 |
| Written options contracts | (3890869)<br>| &nbsp;&nbsp; (966919)<br>| &nbsp;&nbsp; (4455700)<br>| &nbsp;&nbsp; 1237418 | &nbsp;&nbsp; (5937083)<br>|
| Net change in unrealized appreciation <br>(depreciation) on:<br>|  |  |  |  |  |
| Purchased options contracts | (101172)<br>| &nbsp;&nbsp; (134972)<br>| &nbsp;&nbsp; (321790)<br>| &nbsp;&nbsp; 2913686 | &nbsp;&nbsp; (6194371)<br>|
| Written options contracts | (114817)<br>| &nbsp;&nbsp; (124041)<br>| &nbsp;&nbsp; 263328 | &nbsp;&nbsp; 382314 | &nbsp;&nbsp; 17470370 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Statements of Operations Location** | **XSEP**  | **QCOC**  | **XOCT**  | **QMNV**  | **XNOV**  |
| **Equity Risk Exposure** |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |
| Purchased options contracts | $54042619 | &nbsp;&nbsp; $1010773 | &nbsp;&nbsp; $15741058 | &nbsp;&nbsp; $1201898 | &nbsp;&nbsp; $8927583 |
| Written options contracts | (40135408)<br>| &nbsp;&nbsp; 160478 | &nbsp;&nbsp; (20173586)<br>| &nbsp;&nbsp; 756874 | &nbsp;&nbsp; (7317475)<br>|
| Net change in unrealized appreciation <br>(depreciation) on:<br>|  |  |  |  |  |
| Purchased options contracts | (30413656)<br>| &nbsp;&nbsp; 2546749 | &nbsp;&nbsp; 564030 | &nbsp;&nbsp; 1669874 | &nbsp;&nbsp; (4443804)<br>|
| Written options contracts | 28328084 | &nbsp;&nbsp; 51301 | &nbsp;&nbsp; 12448814 | &nbsp;&nbsp; 9624 | &nbsp;&nbsp; 5244594 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Statements of Operations Location** | **YDEC**  | **QDEC**  | **XDEC**  |
| **Equity Risk Exposure** |  |  |  |
| Net realized gain (loss) on: |  |  |  |
| Purchased options contracts | $(67023)<br>| &nbsp;&nbsp; $54326892 | &nbsp;&nbsp; $116823085 |
| Written options contracts | 1046406 | &nbsp;&nbsp; (1808388)<br>| &nbsp;&nbsp; (88043318)<br>|
| Net change in unrealized appreciation <br>(depreciation) on:<br>|  |  |  |
| Purchased options contracts | 6443959 | &nbsp;&nbsp; (10230365)<br>| &nbsp;&nbsp; (69607070)<br>|
| Written options contracts | (3452763)<br>| &nbsp;&nbsp; 21465115 | &nbsp;&nbsp; 61234820 |

---

The Funds do not have the right to offset financial assets and financial liabilities related to options contracts on the Statements of Assets and Liabilities.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

The following table presents the premiums for purchased options contracts opened, premiums for purchased options contracts closed, exercised and expired, premiums for written options contracts opened, and premiums for written options contracts closed, exercised and expired, for the period ended August 31, 2025, on each Fund's options contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Premiums for** <br>**purchased** <br>**options contracts** <br>**opened**<br>| **Premiums for** <br>**purchased** <br>**options contracts** <br>**closed, exercised** <br>**and expired**<br>| **Premiums for** <br>**written options** <br>**contracts opened**<br>| **Premiums for** <br>**written options** <br>**contracts closed,** <br>**exercised and** <br>**expired**<br>|
| QCJA | $59137365 | &nbsp;&nbsp; $9762576 | &nbsp;&nbsp; $3046251 | &nbsp;&nbsp; $725169 |
| XJAN | 126329513 | &nbsp;&nbsp; 142283936 | &nbsp;&nbsp; 21341277 | &nbsp;&nbsp; 23162438 |
| QMFE | 51615075 | &nbsp;&nbsp; 11307366 | &nbsp;&nbsp; 2870752 | &nbsp;&nbsp; 933650 |
| XFEB | 113336789 | &nbsp;&nbsp; 90670869 | &nbsp;&nbsp; 17971808 | &nbsp;&nbsp; 16345609 |
| YMAR | 251024377 | &nbsp;&nbsp; 218753460 | &nbsp;&nbsp; 4470217 | &nbsp;&nbsp; 2745144 |
| QMAR | 891318606 | &nbsp;&nbsp; 866417903 | &nbsp;&nbsp; 31942253 | &nbsp;&nbsp; 25210309 |
| XMAR | 250007112 | &nbsp;&nbsp; 255691312 | &nbsp;&nbsp; 31898324 | &nbsp;&nbsp; 30181099 |
| QCAP | 73230060 | &nbsp;&nbsp; 64770664 | &nbsp;&nbsp; 3932378 | &nbsp;&nbsp; 2869088 |
| XAPR | 116726903 | &nbsp;&nbsp; 69538204 | &nbsp;&nbsp; 22290068 | &nbsp;&nbsp; 11430338 |
| QMMY | 369964231 | &nbsp;&nbsp; 335388410 | &nbsp;&nbsp; 12368604 | &nbsp;&nbsp; 9219035 |
| XMAY | 52059484 | &nbsp;&nbsp; 51781588 | &nbsp;&nbsp; 7500920 | &nbsp;&nbsp; 7080170 |
| YJUN | 348782799 | &nbsp;&nbsp; 352834137 | &nbsp;&nbsp; 6894831 | &nbsp;&nbsp; 5250110 |
| QJUN | 1414897982 | &nbsp;&nbsp; 1280182972 | &nbsp;&nbsp; 46837997 | &nbsp;&nbsp; 30507831 |
| XJUN | 266014464 | &nbsp;&nbsp; 309050654 | &nbsp;&nbsp; 30706880 | &nbsp;&nbsp; 32310849 |
| QCJL | 169445301 | &nbsp;&nbsp; 137016107 | &nbsp;&nbsp; 8156375 | &nbsp;&nbsp; 5752978 |
| XJUL | 91481641 | &nbsp;&nbsp; 95837871 | &nbsp;&nbsp; 9021174 | &nbsp;&nbsp; 9057510 |
| QMAG | 102514240 | &nbsp;&nbsp; 126757654 | &nbsp;&nbsp; 5799410 | &nbsp;&nbsp; 7118567 |
| XAUG | 81730177 | &nbsp;&nbsp; 78956199 | &nbsp;&nbsp; 7440742 | &nbsp;&nbsp; 7036957 |
| YSEP | 148069608 | &nbsp;&nbsp; 90371328 | &nbsp;&nbsp; 2444704 | &nbsp;&nbsp; 1696380 |
| QSPT | 745185536 | &nbsp;&nbsp; 636013419 | &nbsp;&nbsp; 40979698 | &nbsp;&nbsp; 34555342 |
| XSEP | 246199847 | &nbsp;&nbsp; 274664272 | &nbsp;&nbsp; 30308545 | &nbsp;&nbsp; 38510414 |
| QCOC | 48886650 | &nbsp;&nbsp; 14042326 | &nbsp;&nbsp; 2733993 | &nbsp;&nbsp; 983766 |
| XOCT | 186094119 | &nbsp;&nbsp; 143028127 | &nbsp;&nbsp; 30506970 | &nbsp;&nbsp; 32929849 |
| QMNV | 64254731 | &nbsp;&nbsp; 30652030 | &nbsp;&nbsp; 3592193 | &nbsp;&nbsp; 2157865 |
| XNOV | 51249538 | &nbsp;&nbsp; 67508164 | &nbsp;&nbsp; 10202728 | &nbsp;&nbsp; 15125439 |
| YDEC | 144417814 | &nbsp;&nbsp; 140421076 | &nbsp;&nbsp; 2997835 | &nbsp;&nbsp; 2003584 |
| QDEC | 969617576 | &nbsp;&nbsp; 778747537 | &nbsp;&nbsp; 68971076 | &nbsp;&nbsp; 54583837 |
| XDEC | 371958278 | &nbsp;&nbsp; 512214065 | &nbsp;&nbsp; 49821034 | &nbsp;&nbsp; 64088027 |

---

**6. 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 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

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

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.

**7. 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 December 31, 2026 for all the Funds except BUFX, and June 16, 2027 for BUFX.

**8. 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.

**9. 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 the following subsequent events:

As of September 22, 2025, the investment objective of YSEP changed to include an upside cap of 13.14% and an Outcome Period of September 22, 2025 to September 18, 2026.

As of September 22, 2025, the investment objective of QSPT changed to include an upside cap of 16.97% and an Outcome Period of September 22, 2025 to September 18, 2026.

As of September 22, 2025, the investment objective of XSEP changed to include an upside cap of 9.58% and an Outcome Period of September 22, 2025 to September 18, 2026.

As of October 20, 2025, the investment objective of QCOC changed to include an upside cap of 12.41% and an Outcome Period of October 20, 2025 through October 16, 2026.

As of October 20, 2025, the investment objective of XOCT changed to include an upside cap of 10.26% and an Outcome Period of October 20, 2025 through October 16, 2026.

------

**Report of Independent Registered Public Accounting Firm**

**To the Shareholders and the Board of Trustees of First Trust Exchange-Traded Fund VIII:**

**Opinion on the Financial Statements and Financial Highlights**

We have audited the accompanying statements of assets and liabilities, including the portfolios of investments, of FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - January, FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January, FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - February, FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February, FT Vest International Equity Moderate Buffer ETF - March, FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - March, FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March, FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - April, FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April, FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - May, FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May, FT Vest International Equity Moderate Buffer ETF - June, FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - June, FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June, FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - July, FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July, FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - August, FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August, FT Vest International Equity Moderate Buffer ETF - September, FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - September, FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September, FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - October, FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October, FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - November, FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November, FT Vest International Equity Moderate Buffer ETF - December, FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - December, FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December, FT Vest Laddered International Moderate Buffer ETF, and FT Vest Laddered Enhance & Moderate Buffer ETF (the "Funds"), each a series of the First Trust Exchange-Traded Fund VIII, as of August 31, 2025, and the related statements of operations, 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 the Funds as of August 31, 2025, and the results of their operations, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | |
|:---|:---|:---|:---|
| Individual Funds <br>Included in the Trust<br>| Statements of <br>Operations<br>| Statements of <br>Changes in Net Assets<br>| Financial <br>Highlights<br>|
| FT Vest Nasdaq-100<sup>®</sup> Conservative <br> Buffer ETF - January<br>| For the period from January 17, 2025 (commencement of investment operations) <br> through August 31, 2025 | For the period from January 17, 2025 (commencement of investment operations) <br> through August 31, 2025 | For the period from January 17, 2025 (commencement of investment operations) <br> through August 31, 2025 |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - January<br>| For the year ended <br> August 31, 2025<br>| For the year ended August 31, 2025, and for the period from <br> January 19, 2024 (commencement of investment operations) <br> through August 31, 2024 | For the year ended August 31, 2025, and for the period from <br> January 19, 2024 (commencement of investment operations) <br> through August 31, 2024 |
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer <br> ETF - February<br>| For the period from February 21, 2025 (commencement of investment operations) <br> through August 31, 2025 | For the period from February 21, 2025 (commencement of investment operations) <br> through August 31, 2025 | For the period from February 21, 2025 (commencement of investment operations) <br> through August 31, 2025 |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - February<br>| For the year ended <br> August 31, 2025<br>| For the year ended August 31, 2025, and for the period from <br> February 16, 2024 (commencement of investment operations) <br> through August 31, 2024 | For the year ended August 31, 2025, and for the period from <br> February 16, 2024 (commencement of investment operations) <br> through August 31, 2024 |
| FT Vest International Equity Moderate <br> Buffer ETF - March<br>| For the year ended <br> August 31, 2025 | For the years ended <br> August 31, 2025 and 2024 | For the years ended August 31, <br> 2025, 2024, 2023, and 2022, and <br> for the period from March 19, 2021 <br> (commencement of investment <br> operations) through August 31, <br> 2021 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - <br> March<br>| For the year ended <br> August 31, 2025 | For the years ended <br> August 31, 2025 and 2024 | For the years ended August 31, <br> 2025, 2024, 2023, and 2022, and <br> for the period from March 19, 2021 <br> (commencement of investment <br> operations) through August 31, <br> 2021 |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - March<br>| For the year ended <br> August 31, 2025 | For the years ended <br> August 31, 2025 and 2024 | For the year ended August 31, <br> 2025, 2024, and for the period <br> from March 17, 2023 <br> (commencement of investment <br> operations) through August 31, <br> 2023<br>|
| FT Vest Nasdaq-100<sup>®</sup> Conservative <br> Buffer ETF - April<br>| For the year ended <br> August 31, 2025 | For the year ended August 31, 2025, and for the period from <br> April 19, 2024 (commencement of investment operations) <br> through August 31, 2024 | For the year ended August 31, 2025, and for the period from <br> April 19, 2024 (commencement of investment operations) <br> through August 31, 2024 |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - April<br>| For the year ended <br> August 31, 2025 | For the year ended August 31, 2025, and for the period from <br> April 19, 2024 (commencement of investment operations) <br> through August 31, 2024 | For the year ended August 31, 2025, and for the period from <br> April 19, 2024 (commencement of investment operations) <br> through August 31, 2024 |

---

------

**Report of Independent Registered Public Accounting Firm (Continued)**

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| | | | |
|:---|:---|:---|:---|
| Individual Funds<br> Included in the Trust<br>| Statements of<br> Operations<br>| Statements of<br> Changes in Net Assets<br>| Financial<br> Highlights<br>|
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer <br> ETF - May<br>| For the year ended <br> August 31, 2025 | For the year ended August 31, 2025, and for the period from <br> May 17, 2024 (commencement of investment operations) <br> through August 31, 2024 | For the year ended August 31, 2025, and for the period from <br> May 17, 2024 (commencement of investment operations) <br> through August 31, 2024 |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - May<br>| For the year ended <br> August 31, 2025 | For the year ended August 31, 2025, and for the period from <br> May 17, 2024 (commencement of investment operations) <br> through August 31, 2024 | For the year ended August 31, 2025, and for the period from <br> May 17, 2024 (commencement of investment operations) <br> through August 31, 2024 |
| FT Vest International Equity Moderate <br> Buffer ETF - June<br>| For the year ended <br> August 31, 2025 | For the years ended <br> August 31, 2025 and 2024 | For the years ended August 31, <br> 2025, 2024, 2023, and 2022, and <br> for the period from June 18, 2021 <br> (commencement of investment <br> operations) through August 31, <br> 2021 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - June | For the year ended <br> August 31, 2025 | For the years ended <br> August 31, 2025 and 2024 | For the years ended August 31, <br> 2025, 2024, 2023, and 2022, and <br> for the period from June 18, 2021 <br> (commencement of investment <br> operations) through August 31, <br> 2021 |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - June<br>| For the year ended <br> August 31, 2025 | For the years ended <br> August 31, 2025 and 2024 | For the years ended August 31, <br> 2025, 2024, 2023, and 2022, and <br> for the period from July 12, 2021 <br> (commencement of investment <br> operations) through August 31, <br> 2021<br>|
| FT Vest Nasdaq-100<sup>®</sup> Conservative <br> Buffer ETF - July<br>| For the year ended <br> August 31, 2025 | For the year ended August 31, 2025, and for the period from <br> July 19, 2024 (commencement of investment operations) through <br> August 31, 2024 | For the year ended August 31, 2025, and for the period from <br> July 19, 2024 (commencement of investment operations) through <br> August 31, 2024 |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - July<br>| For the year ended <br> August 31, 2025 | For the years ended <br> August 31, 2025 and 2024<br>| For the years ended August 31, <br> 2025, 2024, and for the period <br> from July 21, 2023 <br> (commencement of investment <br> operations) through August 31, <br> 2023<br>|
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer <br> ETF - August<br>| For the year ended <br> August 31, 2025 | For the year ended August 31, 2025, and for the period from <br> August 16, 2024 (commencement of investment operations) <br> through August 31, 2024 | For the year ended August 31, 2025, and for the period from <br> August 16, 2024 (commencement of investment operations) <br> through August 31, 2024 |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - August<br>| For the year ended <br> August 31, 2025 | For the years ended <br> August 31, 2025 and 2024<br>| For the years ended August 31, <br> 2025, 2024, and for the period <br> from August 18, 2023 <br> (commencement of investment <br> operations) through August 31, <br> 2023<br>|
| FT Vest International Equity Moderate <br> Buffer ETF - September<br>| For the year ended <br> August 31, 2025 | For the years ended <br> August 31, 2025 and 2024 | For the years ended August 31, <br> 2025, 2024 and 2023, and for the <br> period from September 17, 2021 <br> (commencement of investment <br> operations) through August 31, <br> 2022 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - <br> September<br>| For the year ended <br> August 31, 2025 | For the years ended <br> August 31, 2025 and 2024 | For the years ended August 31, <br> 2025, 2024 and 2023, and for the <br> period from September 17, 2021 <br> (commencement of investment <br> operations) through August 31, <br> 2022 |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - September<br>| For the year ended <br> August 31, 2025 | For the years ended <br> August 31, 2025 and 2024 | For the years ended August 31, <br> 2025 and 2024, and for the period <br> from September 21, 2022 <br> (commencement of investment <br> operations) through August 31, <br> 2023<br>|
| FT Vest Nasdaq-100<sup>®</sup> Conservative <br> Buffer ETF - October<br>| For the period from October 18, 2024 (commencement of investment operations) <br> through August 31, 2025 | For the period from October 18, 2024 (commencement of investment operations) <br> through August 31, 2025 | For the period from October 18, 2024 (commencement of investment operations) <br> through August 31, 2025 |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - October<br>| For the year ended <br> August 31, 2025<br>| For the year ended August 31, 2025, and for the period from <br> October 20, 2023 (commencement of investment operations) <br> through August 31, 2024 | For the year ended August 31, 2025, and for the period from <br> October 20, 2023 (commencement of investment operations) <br> through August 31, 2024 |

---

------

**Report of Independent Registered Public Accounting Firm (Continued)**

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| | | | |
|:---|:---|:---|:---|
| Individual Funds<br> Included in the Trust<br>| Statements of<br> Operations<br>| Statements of<br> Changes in Net Assets<br>| Financial<br> Highlights<br>|
| FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer <br> ETF - November<br>| For the period from November 15, 2024 (commencement of investment operations) <br> through August 31, 2025 | For the period from November 15, 2024 (commencement of investment operations) <br> through August 31, 2025 | For the period from November 15, 2024 (commencement of investment operations) <br> through August 31, 2025 |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - November<br>| For the year ended <br> August 31, 2025<br>| For the year ended August 31, 2025, and for the period from <br> November 17, 2023 (commencement of investment operations) <br> through August 31, 2024 | For the year ended August 31, 2025, and for the period from <br> November 17, 2023 (commencement of investment operations) <br> through August 31, 2024 |
| FT Vest International Equity Moderate <br> Buffer ETF - December<br>| For the year ended <br> August 31, 2025 | For the years ended <br> August 31, 2025 and 2024 | For the years ended August 31, <br> 2025, 2024, 2023, and 2022, and <br> for the period from December 18, <br> 2020 (commencement of <br> investment operations) through <br> August 31, 2021 |
| FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - <br> December<br>| For the year ended <br> August 31, 2025 | For the years ended <br> August 31, 2025 and 2024 | For the years ended August 31, <br> 2025, 2024, 2023, and 2022, and <br> for the period from December 18, <br> 2020 (commencement of <br> investment operations) through <br> August 31, 2021 |
| FT Vest U.S. Equity Enhance & Moderate <br> Buffer ETF - December<br>| For the year ended <br> August 31, 2025 | For the years ended <br> August 31, 2025 and 2024 | For the years ended August 31, <br> 2025, 2024, and 2023, and for the <br> period from December 17, 2021 <br> (commencement of investment <br> operations) through August 31, <br> 2022<br>|
| FT Vest Laddered International Moderate <br> Buffer ETF<br>| For the period from September 25, 2024 (commencement of investment operations) <br> through August 31, 2025 | For the period from September 25, 2024 (commencement of investment operations) <br> through August 31, 2025 | For the period from September 25, 2024 (commencement of investment operations) <br> through August 31, 2025 |
| FT Vest Laddered Enhance & Moderate <br> Buffer ETF<br>| For the period from June 24, 2025 (commencement of investment operations) through <br> August 31, 2025 | For the period from June 24, 2025 (commencement of investment operations) through <br> August 31, 2025 | For the period from June 24, 2025 (commencement of investment operations) through <br> August 31, 2025 |

---

**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 August 31, 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

October 22, 2025

We have served as the auditor of one or more First Trust investment companies since 2001.

------

**Other Information**

**First Trust Exchange-Traded Fund VIII**

**August 31, 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 period ended August 31, 2025.

**Proxy Disclosures (Item 9 of Form N-CSR)**

At a special meeting of shareholders of First Trust Exchange-Traded Fund VIII (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| James A. Bowen\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931952816 <br>5974259<br>|
| Thomas J. Driscoll\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931990349 <br>5936726<br>|
| Richard E. Erickson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931309705 <br>6617370<br>|
| Thomas R. Kadlec\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931262372 <br>6664703<br>|
| Denise M. Keefe\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932234496 <br>5692579<br>|
| Robert F. Keith\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931417790 <br>6509285<br>|
| Niel B. Nielson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931068296 <br>6858779<br>|
| Bronwyn Wright\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841558465 <br>96368610<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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.

**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 VIII (the "Trust"), including the Independent Trustees, unanimously approved the continuation of the Investment Management Agreement (the "Advisory Agreement") with First Trust Advisors L.P. (the "Advisor") and the Investment Sub-Advisory Agreement (the "Sub-Advisory Agreement" and together with the Advisory Agreement,

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

the "Agreements") among the Trust, the Advisor and Vest Financial LLC (the "Sub-Advisor") on behalf of the following series of the Trust (each a "Fund" and collectively, the "Funds"):

FT Vest International Equity Moderate Buffer ETF - March (YMAR)

FT Vest International Equity Moderate Buffer ETF - June (YJUN)

FT Vest International Equity Moderate Buffer ETF - September (YSEP)

FT Vest International Equity Moderate Buffer ETF - December (YDEC)

FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - March (QMAR)

FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - June (QJUN)

FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - September (QSPT)

FT Vest Nasdaq-100<sup>®</sup> Buffer ETF - December (QDEC)

FT Vest Nasdaq-100<sup>®</sup> Conservative Buffer ETF - April (QCAP)

FT Vest Nasdaq-100<sup>®</sup> Moderate Buffer ETF - May (QMMY)

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January (XJAN)

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February (XFEB)

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR)

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April (XAPR)

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (XMAY)

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June (XJUN)

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July (XJUL)

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August (XAUG)

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September (XSEP)

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October (XOCT)

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November (XNOV)

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC)

The Board approved the continuation of the Agreements for each Fund for 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 Agreements 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 and the Sub-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 and the Sub-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 sub-advisory fee as compared to fees charged to other clients of the Sub-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 and the Sub-Advisor to realize economies of scale, if any; profitability and other financial data for the Advisor; financial data for the Sub-Advisor; any indirect benefits to the Advisor and its affiliates, First Trust Portfolios L.P. ("FTP") and First Trust Capital Partners, LLC ("FTCP"), and the Sub-Advisor; and information on the Advisor's and the Sub-Advisor's compliance programs. 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 and the Sub-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

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**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

business judgment to determine whether the arrangements between the Trust and the Advisor and among the Trust, the Advisor and the Sub-Advisor continue to be reasonable business arrangements 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 and the Sub-Advisor manage the Fund and knowing the Fund's unitary fee.

In reviewing the Agreements for each Fund, the Board considered the nature, extent and quality of the services provided by the Advisor and the Sub-Advisor under the Agreements. With respect to the Advisory 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, including the oversight of the Sub-Advisor, as well as the background and experience of the persons responsible for such services. The Board noted that the Advisor oversees the Sub-Advisor's day-to-day management of each Fund's investments, including portfolio risk monitoring and performance review. 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, the Sub-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. With respect to the Sub-Advisory Agreement, the Board noted that each Fund is an actively-managed ETF and the Sub-Advisor actively manages the Fund's investments. In addition to the written materials provided by the Sub-Advisor, at the June 8–9, 2025 meeting, the Board also received a presentation from representatives of the Sub-Advisor, who discussed the services that the Sub-Advisor provides to each Fund, including the Sub-Advisor's day-to-day management of the Funds' investments. In considering the Sub-Advisor's management of the Funds, the Board noted the background and experience of the Sub-Advisor's portfolio management team. 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 and the Sub-Advisor under the Agreements have been and are expected to remain satisfactory and that the Sub-Advisor, under the oversight of 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 Advisory Agreement for the services provided. The Board noted that the sub-advisory fee for each Fund is paid by the Advisor from the Fund's unitary fee. The Board considered that as part of the unitary fee the Advisor is responsible for each Fund's expenses, including the cost of sub-advisory, transfer agency, custody, fund administration, legal, audit and other services and license fees, if any, but excluding the fee payment under the Advisory Agreement and interest, taxes, 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 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 and the Sub-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 each Fund was above the median total (net) expense ratio 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 actively-managed ETFs, and different business models that may affect the pricing of services among ETF sponsors. The Board also noted that, for each Fund, not all peer funds employ an advisor/sub-advisor management structure. 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 and the Sub-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 comparing each Fund's performance for one or more periods ended December 31, 2024 to the performance of the funds in its Performance Universe and to that of a benchmark index. The Board noted that YMAR, YJUN, YSEP and YDEC are target outcome ETFs that seek to provide investors with returns (before fees and expenses) over a defined period of time (typically one year) that match the price return of the iShares MSCI EAFE ETF ("EFA"), up to a predetermined cap, while providing a buffer against certain losses on the price return of EFA. The Board noted that, during 2023, the

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**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

Board approved changes to YMAR's, YJUN's, YSEP's and YDEC's respective investment strategies to increase the buffer provided against certain losses on the price return of the EFA, as well as changes to YMAR's, YJUN's, YSEP's and YDEC's names, which took effect on March 18, 2024 for YMAR, on December 18, 2023 for YDEC, on June 21, 2024 for YJUN and September 23, 2024 for YSEP. The Board noted that QMAR, QJUN, QSPT, QDEC, QCAP and QMMY are target outcome ETFs that seek to provide investors with returns (before fees and expenses) over a defined period of time (typically one year) that match the price return of the Invesco QQQ Trust, Series 1 ("QQQ"), up to a predetermined cap, while providing a buffer against certain losses on the price return of QQQ. The Board noted that XJAN, XFEB, XMAR, XAPR, XMAY, XJUN, XJUL, XAUG, XSEP, XOCT, XNOV and XDEC are target outcome ETFs that seek to provide investors with returns (before fees and expenses) over a defined period of time (typically one year) of approximately twice any positive price return of the SPDR S&P 500 ETF Trust ("SPY"), up to a predetermined cap, while providing a buffer against certain losses on the price return of SPY. For each Fund, the Board considered, as applicable, information provided by the Sub-Advisor on each Fund's performance during its respective target outcome period that ended between April 1, 2024 and March 31, 2025 and noted that each applicable Fund delivered on its target outcome objective. Because each of QCAP, QMMY, XJAN, XFEB, XAPR, and XMAY commenced operations after December 31, 2023 and therefore has a limited performance history, comparative performance information for the Funds 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 (out of which the Sub-Advisor is compensated) continues to be reasonable and appropriate in light of the nature, extent and quality of the services provided by the Advisor and the Sub-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 QCAP, QMMY, XJAN, XFEB, XAPR, and XMAY for the period from inception through December 31, 2024 and to each other Fund for the twelve months ended 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. The Board also noted that FTCP has a controlling ownership interest in the Sub-Advisor's parent company and considered potential indirect benefits to the Advisor from such ownership interest. The Board concluded that the character and amount of potential indirect benefits to the Advisor were not unreasonable.

The Board considered the Sub-Advisor's statement that it believes that the sub-advisory fee for each Fund is appropriate. The Board noted the Sub-Advisor's statements that it continues to invest in infrastructure, technology and personnel, and that it anticipates that its expenses relating to providing services to the Funds will remain approximately the same for the next twelve months. The Board noted that the Advisor pays the Sub-Advisor for each Fund from the unitary fee, that the sub-advisory fee will be reduced consistent with the breakpoints in the unitary fee rate schedule and its understanding that each Fund's sub-advisory fee was the product of an arm's length negotiation. The Board did not review the profitability of the Sub-Advisor with respect to each Fund. The Board concluded that the profitability analysis for the Advisor was more relevant. The Board considered the potential indirect benefits to the Sub-Advisor from being associated with the Advisor and the Funds, and noted the Sub-Advisor's statements that it is the Sub-Advisor's policy currently not to enter into soft-dollar arrangements for the procurement of research services in connection with client securities transactions and that, as a result, there are no foreseen indirect benefits from its relationship with the Funds. The Board also considered the potential indirect benefits to the Sub-Advisor from FTCP's controlling ownership interest in the Sub-Advisor's parent company. The Board concluded that the character and amount of potential indirect benefits to the Sub-Advisor were not unreasonable.

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**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

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.

The Board of Trustees of First Trust Exchange-Traded Fund VIII (the "Trust"), including the Independent Trustees, approved the Investment Management Agreement (the "Advisory Agreement") with First Trust Advisors L.P. (the "Advisor"), on behalf of FT Vest Laddered Enhance & Moderate Buffer ETF (the "Fund"), and the Investment Sub-Advisory Agreement (the "Sub-Advisory Agreement" and together with the Advisory Agreement, the "Agreements") among the Trust, on behalf of the Fund, the Advisor and Vest Financial LLC (the "Sub-Advisor"), for an initial two-year term at a meeting held on June 9, 2025. The Board determined that the Agreements are 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.

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 Agreements for the Fund, the Independent Trustees received a separate report from each of the Advisor and the Sub-Advisor in advance of the Board meeting 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 to be provided by the Advisor and the Sub-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 proposed sub-advisory fee as compared to fees charged to other clients of the Sub-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 and the Sub-Advisor to realize economies of scale, if any; profitability and other financial data for the Advisor; financial data for the Sub-Advisor; any indirect benefits to the Advisor and its affiliates, First Trust Portfolios L.P. ("FTP") and First Trust Capital Partners, LLC ("FTCP"), and the Sub-Advisor; and information on the Advisor's and the Sub-Advisor's compliance programs. The Independent Trustees and their counsel also met separately to discuss the information provided by the Advisor and the Sub-Advisor. The Board applied its business judgment to determine whether the arrangements between the Trust and the Advisor and among the Trust, the Advisor and the Sub-Advisor are reasonable business arrangements from the Fund's perspective.

In evaluating whether to approve the Agreements for the Fund, the Board considered the nature, extent and quality of the services to be provided by the Advisor and the Sub-Advisor under the Agreements. With respect to the Advisory Agreement, 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, including the oversight of the Sub-Advisor, as well as the background and experience of the persons responsible for such services. The Board considered that the Fund will be an actively-managed ETF and will employ an advisor/sub-advisor management structure and considered that the Advisor manages other ETFs with a similar structure in the First Trust Fund Complex. The Board noted that the Advisor will oversee the Sub-Advisor's day-to-day management of the Fund's investments, including portfolio risk monitoring and performance review. 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, the Sub-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. The Board noted 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. With respect to the Sub-Advisory Agreement, in addition to the written materials provided by the Sub-Advisor, at the June 9, 2025 meeting, the Board also received a presentation from representatives of the Sub-Advisor, who discussed the services that the Sub-Advisor will provide to the Fund, and the Trustees were able to ask questions about the proposed investment strategy for the Fund. The Board noted the background and experience of the Sub-Advisor's portfolio management team and the Sub-Advisor's investment style. The Board also noted that the Fund would invest substantially all of its assets in multiple defined-outcome ETFs in the First Trust Fund Complex sub-advised by the Sub-Advisor. Because the Fund had yet to commence investment operations, the Board could not consider the historical investment performance of the Fund. 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 and the Sub-Advisor under the Agreements are expected to be satisfactory.

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**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

The Board considered the proposed unitary fee rate schedule payable by the Fund under the Advisory 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 0.10% 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 considered that, from the unitary fee for the Fund, the Advisor would pay the Sub-Advisor a sub-advisory fee equal to 50% of the Fund's unitary fee, less one-half of the Fund's expenses that the Advisor and Sub-Advisor are responsible for, and that the sub-advisory fee would be reduced consistent with the breakpoints in the unitary fee rate schedule. The Board noted that the Advisor and the Sub-Advisor would be responsible for the Fund's expenses, including the cost of sub-advisory, transfer agency, custody, fund administration, legal, audit and other services and license fees, if any, but excluding the fee payment under the Advisory 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 payable pursuant to a Rule 12b-1 plan, if any, and extraordinary expenses, if any. The Board noted that, because the Fund will invest in underlying ETFs in the First Trust Fund Complex, it will incur acquired fund fees and expenses, which are not payable out of the unitary fee. 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 and the Sub-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 (excluding the estimated acquired fund fees and expenses) for the Fund was below the median total (net) expense ratio (excluding acquired fund fees and expenses) of the peer funds in the Expense Group. The Board also noted that the total (net) expense ratio (including the estimated acquired fund fees and expenses) for the Fund was below the median total (net) expense ratio (including acquired fund fees and expenses) 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 clients, the Board considered the Advisor's statement that the Fund will be most comparable to three other ETFs in the First Trust Fund Complex that invest in underlying ETFs in the First Trust Fund Complex, each of which also has a unitary fee rate schedule starting at an annual rate of 0.10% of its average daily net assets, is managed by the Advisor and the Sub-Advisor and invests substantially all of its assets in multiple defined-outcome ETFs in the First Trust Fund Complex sub-advised by the Sub-Advisor. In light of the information considered and the nature, extent and quality of the services expected to be provided to the Fund under the Agreements, the Board determined that the proposed unitary fee, including the sub-advisory fee to be paid by the Advisor to the Sub-Advisor from the 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 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 and the Sub-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 considered that the Sub-Advisor would be paid by the Advisor from the Fund's unitary fee, that the sub-advisory fee would be reduced consistent with the breakpoints in the Fund's unitary fee rate schedule and its understanding that the sub-advisory fee for the Fund was the product of an arm's length negotiation. 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 Advisory Agreement. The Board considered the Advisor's estimate of the asset level for the Fund at which the Advisor expects the Advisory Agreement to be profitable to the Advisor and the Advisor's estimate of the profitability of the Advisory 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. The Board reviewed financial information provided by the Sub-Advisor, but did not review any potential profitability of the Sub-Advisory Agreement to the Sub-Advisor. The Board concluded that the profitability analysis for the Advisor was more relevant. In addition, the Board considered indirect benefits described by the Advisor that may be realized from its relationship with the Fund. The Board noted that FTCP has a controlling ownership interest in the Sub-Advisor's parent company and considered potential indirect benefits to the Advisor from such ownership interest. The Board also 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. The Board also noted that the Advisor will be responsible for trade execution for the Fund and will not utilize soft dollars in connection with the Fund. The Board also considered the potential indirect benefits to the Sub-Advisor from FTCP's

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**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

controlling ownership interest in the Sub-Advisor's parent company. The Board noted the Sub-Advisor's statement that it does not foresee any indirect benefits from its relationship with the Fund. In addition, the Board considered that the Advisor and the Sub-Advisor, as the investment advisor and the investment sub-advisor, respectively, to the underlying ETFs in which the Fund would invest, will recognize additional revenue from such underlying ETFs if the Fund's investment causes their assets to grow. The Board concluded that the character and amount of potential indirect benefits to the Advisor and the Sub-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 Agreements are fair and reasonable and that the approval of the Agreements 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 each Fund during their applicable taxable period; therefore, no analysis for the corporate dividends received deduction and qualified dividend income was completed.

**Disclaimer**

The Funds are not sponsored, endorsed, sold or promoted by Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, Nasdaq, Inc., or SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Funds or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Funds or the FLEX Options or results to be obtained by the Funds or the FLEX Options, shareholders or any other person or entity from use of the Invesco QQQ Trust<sup>SM</sup> or SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Funds or the FLEX Options.

The Funds are not sponsored, endorsed, sold or promoted by iShares MSCI EAFE ETF, BFA, MSCI Inc. or their affiliates. iShares MSCI EAFE ETF, BFA, MSCI Inc. or their affiliates have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Funds or the FLEX Options. iShares MSCI EAFE ETF, BFA, MSCI Inc. or their affiliates make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Funds or the FLEX Options, shareholders or any other person or entity from use of the Underlying ETF. iShares MSCI EAFE ETF, BFA, MSCI Inc. or their affiliates have no liability in connection with the management, administration, marketing or trading of the Funds or the FLEX Options.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Annual Financial Statements and Other Information <br> For the Year Ended August 31, 2025

![](img720511871.gif)

<u>First Trust Exchange-Traded Fund VIII</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

FT Vest Laddered Buffer ETF (BUFR) <br> FT Vest Laddered Deep Buffer ETF (BUFD) <br> FT Vest Laddered Nasdaq Buffer ETF (BUFQ)

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**Table of Contents** 

**First Trust Exchange-Traded Fund VIII**

**Annual Financial Statements and Other Information**

**August 31, 2025** 

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| | |
|:---|:---|
| [Portfolio of Investments](#xx_b8261b0d-628b-430e-90c3-22d74593f0c4_SOI-TOC-ScheduleofInvestments-4195_1) |  |
| [FT Vest Laddered Buffer ETF (BUFR)](#xx_b8261b0d-628b-430e-90c3-22d74593f0c4_SOI-TOC-ScheduleofInvestments-4195_1) | 1 |
| [FT Vest Laddered Deep Buffer ETF (BUFD)](#xx_b8261b0d-628b-430e-90c3-22d74593f0c4_SOI-TOC-ScheduleofInvestments-4287_1) | 2 |
| [FT Vest Laddered Nasdaq Buffer ETF (BUFQ)](#xx_b8261b0d-628b-430e-90c3-22d74593f0c4_SOI-TOC-ScheduleofInvestments-4264_1) | 3 |
| [Statements of Assets and Liabilities](#xx_b8261b0d-628b-430e-90c3-22d74593f0c4_SAL1-TOC-StatementofAssetsandLiabilities-4195_1) | 4 |
| [Statements of Operations](#xx_b8261b0d-628b-430e-90c3-22d74593f0c4_SOP1-TOC-StatementofOperations-4195_1) | 5 |
| [Statements of Changes in Net Assets](#xx_b8261b0d-628b-430e-90c3-22d74593f0c4_SOC1-TOC-StatementofChanges-4195_1) | 6 |
| [Financial Highlights](#xx_b8261b0d-628b-430e-90c3-22d74593f0c4_FIHI-TOC-FinancialHighlights-4195_1) | 8 |
| [Notes to Financial Statements](#xx_b8261b0d-628b-430e-90c3-22d74593f0c4_NTF-TOC-NotestoFinancialStatements-4195_1) | 11 |
| [Report of Independent Registered Public Accounting Firm](#xx_b8261b0d-628b-430e-90c3-22d74593f0c4_AUD-TOC-RIRPAFirm-4195_1) | 21 |
| [Other Information](#xx_b8261b0d-628b-430e-90c3-22d74593f0c4_AI-TOC-AdditionalInformation-4195_1) | 22 |

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**Performance and Risk Disclosure**

There is no assurance that any series of First Trust Exchange-Traded Fund VIII (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.

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**FT Vest Laddered Buffer ETF (BUFR)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** |
|  | **Capital Markets (a) — 100.0%** |  |
| 12412622 | FT Vest U.S. Equity Buffer ETF <br> - January (b) | $609956245 |
| 11285472 | FT Vest U.S. Equity Buffer ETF <br> - February (b) | 608957298 |
| 13254327 | FT Vest U.S. Equity Buffer ETF <br> - March (b) | 607313263 |
| 14102439 | FT Vest U.S. Equity Buffer ETF <br> - April (b) | 607059230 |
| 11843095 | FT Vest U.S. Equity Buffer ETF <br> - May (b) | 609090376 |
| 11045046 | FT Vest U.S. Equity Buffer ETF <br> - June (b) | 608329103 |
| 11354484 | FT Vest U.S. Equity Buffer ETF <br> - July (b) | 608867173 |
| 11992411 | FT Vest U.S. Equity Buffer ETF <br> - August (b) | 609334403 |
| 12277681 | FT Vest U.S. Equity Buffer ETF <br> - September (b) | 609364636 |
| 13190602 | FT Vest U.S. Equity Buffer ETF <br> - October (b) | 609801530 |
| 11773846 | FT Vest U.S. Equity Buffer ETF <br> - November (b) | 609353045 |
| 12654472 | FT Vest U.S. Equity Buffer ETF <br> - December (b) | 609502644 |
|  | **Total Exchange-Traded Funds** | 7306928946 |
|  | (Cost $6,116,158,408) |  |
| **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** |
| 446118 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 4.13% (c) | 446118 |
|  | (Cost $446,118) |  |
|  | **Total Investments — 100.0%** | 7307375064 |
|  | (Cost $6,116,604,526) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (591126)<br>|
|  | **Net Assets — 100.0%** | $7306783938 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents
 investments in affiliated funds.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Exchange-Traded <br> Funds\*<br>| $7306928946 | $7306928946 | $— | $— |
| Money Market <br> Funds<br>| 446118 | 446118 |  |  |
| Total Investments | $7307375064 | $7307375064 | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**FT Vest Laddered Deep Buffer ETF (BUFD)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** |
|  | **Capital Markets (a) — 100.0%** |  |
| 2889669 | FT Vest U.S. Equity Deep <br> Buffer ETF - January (b) | $119679976 |
| 2617825 | FT Vest U.S. Equity Deep <br> Buffer ETF - February (b) | 119777012 |
| 2959862 | FT Vest U.S. Equity Deep <br> Buffer ETF - March (b) | 119400833 |
| 3116274 | FT Vest U.S. Equity Deep <br> Buffer ETF - April (b) | 119398792 |
| 2731579 | FT Vest U.S. Equity Deep <br> Buffer ETF - May (b) | 119506308 |
| 2600650 | FT Vest U.S. Equity Deep <br> Buffer ETF - June (b) | 119317822 |
| 2600655 | FT Vest U.S. Equity Deep <br> Buffer ETF - July (b) | 119579157 |
| 2792551 | FT Vest U.S. Equity Deep <br> Buffer ETF - August (b) | 119716661 |
| 2738496 | FT Vest U.S. Equity Deep <br> Buffer ETF - September (b) | 119626542 |
| 2831488 | FT Vest U.S. Equity Deep <br> Buffer ETF - October (b) | 119839898 |
| 2604291 | FT Vest U.S. Equity Deep <br> Buffer ETF - November (b) | 119735144 |
| 2787327 | FT Vest U.S. Equity Deep <br> Buffer ETF - December (b) | 119687822 |
|  | **Total Exchange-Traded Funds** | 1435265967 |
|  | (Cost $1,222,540,021) |  |
| **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** |
| 715335 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 4.13% (c) | 715335 |
|  | (Cost $715,335) |  |
|  | **Total Investments — 100.0%** | 1435981302 |
|  | (Cost $1,223,255,356) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (116800)<br>|
|  | **Net Assets — 100.0%** | $1435864502 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents
 investments in affiliated funds.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Exchange-Traded <br> Funds\*<br>| $1435265967 | $1435265967 | $— | $— |
| Money Market <br> Funds<br>| 715335 | 715335 |  |  |
| Total Investments | $1435981302 | $1435981302 | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**FT Vest Laddered Nasdaq Buffer ETF (BUFQ)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** |
|  | **Capital Markets (a) — 100.0%** |  |
| 8173832 | FT Vest Nasdaq-100<sup>®</sup> Buffer <br> ETF - March (b) | $258946998 |
| 8547695 | FT Vest Nasdaq-100<sup>®</sup> Buffer <br> ETF - June (b) | 259080635 |
| 8539060 | FT Vest Nasdaq-100<sup>®</sup> Buffer <br> ETF - September (b) | 260614673 |
| 8663190 | FT Vest Nasdaq-100<sup>®</sup> Buffer <br> ETF - December (b) | 260848651 |
|  | **Total Exchange-Traded Funds** | 1039490957 |
|  | (Cost $891,824,031) |  |
| **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** |
| 390356 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 4.13% (c) | 390356 |
|  | (Cost $390,356) |  |
|  | **Total Investments — 100.0%** | 1039881313 |
|  | (Cost $892,214,387) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (86104)<br>|
|  | **Net Assets — 100.0%** | $1039795209 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents
 investments in affiliated funds.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Exchange-Traded <br> Funds\*<br>| $1039490957 | $1039490957 | $— | $— |
| Money Market <br> Funds<br>| 390356 | 390356 |  |  |
| Total Investments | $1039881313 | $1039881313 | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Assets and Liabilities**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **FT Vest** <br> **Laddered Buffer** <br> **ETF** <br>**(BUFR)** <br>| **FT Vest** <br> **Laddered Deep** <br> **Buffer ETF** <br>**(BUFD)** <br>| **FT Vest** <br> **Laddered** <br> **Nasdaq Buffer** <br> **ETF** <br>**(BUFQ)** <br>|
| **ASSETS:** |  |  |  |
| Investments, at value - Affiliated | $7306928946 | &nbsp;&nbsp; $1435265967 | &nbsp;&nbsp; $1039490957 |
| Investments, at value - Unaffiliated | 446118 | &nbsp;&nbsp; 715335 | &nbsp;&nbsp; 390356 |
| Total investments, at value | 7307375064 | &nbsp;&nbsp; 1435981302 | &nbsp;&nbsp; 1039881313 |
| Receivables: |  |  |  |
| Dividends | 6720 | &nbsp;&nbsp; 2712 | &nbsp;&nbsp; 1413 |
| Investment securities sold |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 1701333 |
| Capital shares sold |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 1701788 |
| Total Assets | 7307381784 | &nbsp;&nbsp; 1435984014 | &nbsp;&nbsp; 1043285847 |
| **LIABILITIES:** |  |  |  |
| Payables: |  |  |  |
| Investment advisory fees | 597846 | &nbsp;&nbsp; 119512 | &nbsp;&nbsp; 87517 |
| Investment securities purchased |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 1701333 |
| Capital shares redeemed |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 1701788 |
| Total Liabilities | 597846 | &nbsp;&nbsp; 119512 | &nbsp;&nbsp; 3490638 |
| **NET ASSETS** | $7306783938 | &nbsp;&nbsp; $1435864502 | &nbsp;&nbsp; $1039795209 |
| **NET ASSETS consist of:** |  |  |  |
| Paid-in capital | $6119027702 | &nbsp;&nbsp; $1223669428 | &nbsp;&nbsp; $892620029 |
| Par value | 2229500 | &nbsp;&nbsp; 528000 | &nbsp;&nbsp; 305500 |
| Accumulated distributable earnings (loss) | 1185526736 | &nbsp;&nbsp; 211667074 | &nbsp;&nbsp; 146869680 |
| **NET ASSETS** | $7306783938 | &nbsp;&nbsp; $1435864502 | &nbsp;&nbsp; $1039795209 |
| **NET ASSET VALUE,** per share | $32.77 | &nbsp;&nbsp; $27.19 | &nbsp;&nbsp; $34.04 |
| Number of shares outstanding (unlimited number of shares authorized, <br> par value $0.01 per share)<br>| 222950002 | &nbsp;&nbsp; 52800002 | &nbsp;&nbsp; 30550002 |
| Investments, at cost - Affiliated | $6116158408 | &nbsp;&nbsp; $1222540021 | &nbsp;&nbsp; $891824031 |
| Investments, at cost - Unaffiliated | $446118 | &nbsp;&nbsp; $715335 | &nbsp;&nbsp; $390356 |
| Total investments, at cost | $6116604526 | &nbsp;&nbsp; $1223255356 | &nbsp;&nbsp; $892214387 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Operations**

**For the Year Ended August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **FT Vest** <br> **Laddered Buffer** <br> **ETF** <br>**(BUFR)** <br>| **FT Vest** <br> **Laddered Deep** <br> **Buffer ETF** <br>**(BUFD)** <br>| **FT Vest** <br> **Laddered** <br> **Nasdaq Buffer** <br> **ETF** <br>**(BUFQ)** <br>|
| **INVESTMENT INCOME:** |  |  |  |
| Dividends - Unaffiliated | $119253 | &nbsp;&nbsp; $24055 | &nbsp;&nbsp; $6200 |
| Total investment income | 119253 | &nbsp;&nbsp; 24055 | &nbsp;&nbsp; 6200 |
| **EXPENSES:** |  |  |  |
| Investment advisory fees | 11256860<br>| &nbsp;&nbsp; 2139551<br>| &nbsp;&nbsp; 1600286<br>|
| Total expenses | 11256860 | &nbsp;&nbsp; 2139551 | &nbsp;&nbsp; 1600286 |
| Less fees waived by the investment advisor | (5038511)<br>| &nbsp;&nbsp; (952512)<br>| &nbsp;&nbsp; (713752)<br>|
| Net expenses | 6218349 | &nbsp;&nbsp; 1187039 | &nbsp;&nbsp; 886534 |
| **NET INVESTMENT INCOME (LOSS)** | (6099096)<br>| &nbsp;&nbsp; (1162984)<br>| &nbsp;&nbsp; (880334)<br>|
| **NET REALIZED AND UNREALIZED GAIN (LOSS):** |  |  |  |
| Net realized gain (loss) on: |  |  |  |
| Investments - Affiliated | (455914)<br>| &nbsp;&nbsp; (74202)<br>| &nbsp;&nbsp; (154797)<br>|
| In-kind redemptions - Affiliated | 107872366 | &nbsp;&nbsp; 26578027 | &nbsp;&nbsp; 35733191 |
| Net realized gain (loss) | 107416452 | &nbsp;&nbsp; 26503825 | &nbsp;&nbsp; 35578394 |
| Net change in unrealized appreciation (depreciation) on affiliated <br> investments<br>| 552532523 | &nbsp;&nbsp; 90758106 | &nbsp;&nbsp; 81152040 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** | 659948975 | &nbsp;&nbsp; 117261931 | &nbsp;&nbsp; 116730434 |
| **NET INCREASE (DECREASE) IN NET ASSETS RESULTING** <br> **FROM OPERATIONS**<br>| $653849879 | &nbsp;&nbsp; $116098947 | &nbsp;&nbsp; $115850100 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest Laddered Buffer ETF** <br> **(BUFR)** | **FT Vest Laddered Buffer ETF** <br> **(BUFR)** | **FT Vest Laddered Deep Buffer** <br> **ETF (BUFD)** | **FT Vest Laddered Deep Buffer** <br> **ETF (BUFD)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(6099096)<br>| &nbsp;&nbsp; $(6327156)<br>| &nbsp;&nbsp; $(1162984)<br>| &nbsp;&nbsp; $(1503826)<br>|
| Net realized gain (loss) | 107416452 | &nbsp;&nbsp; 45468268 | &nbsp;&nbsp; 26503825 | &nbsp;&nbsp; 11871295 |
| Net change in unrealized appreciation (depreciation) | 552532523 | &nbsp;&nbsp; 526399839 | &nbsp;&nbsp; 90758106 | &nbsp;&nbsp; 97826952 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 653849879 | &nbsp;&nbsp; 565540951 | &nbsp;&nbsp; 116098947 | &nbsp;&nbsp; 108194421 |
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 2018614336<br>| &nbsp;&nbsp; 2918263865<br>| &nbsp;&nbsp; 477706397<br>| &nbsp;&nbsp; 359919209<br>|
| Cost of shares redeemed | (458861059) <br>| &nbsp;&nbsp; (250382986) <br>| &nbsp;&nbsp; (136269014) <br>| &nbsp;&nbsp; (103276819) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 1559753277 | &nbsp;&nbsp; 2667880879 | &nbsp;&nbsp; 341437383 | &nbsp;&nbsp; 256642390 |
| Total increase (decrease) in net assets | 2213603156 | &nbsp;&nbsp; 3233421830 | &nbsp;&nbsp; 457536330 | &nbsp;&nbsp; 364836811 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 5093180782 | &nbsp;&nbsp; 1859758952 | &nbsp;&nbsp; 978328172 | &nbsp;&nbsp; 613491361 |
| End of period | $7306783938 | &nbsp;&nbsp; $5093180782 | &nbsp;&nbsp; $1435864502 | &nbsp;&nbsp; $978328172 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 172200002 | &nbsp;&nbsp; 73400002 | &nbsp;&nbsp; 39450002 | &nbsp;&nbsp; 28200002 |
| Shares sold | 66050000 | &nbsp;&nbsp; 107900000 | &nbsp;&nbsp; 18700000 | &nbsp;&nbsp; 15750000 |
| Shares redeemed | (15300000)<br>| &nbsp;&nbsp; (9100000)<br>| &nbsp;&nbsp; (5350000)<br>| &nbsp;&nbsp; (4500000)<br>|
| Shares outstanding, end of period | 222950002 | &nbsp;&nbsp; 172200002 | &nbsp;&nbsp; 52800002 | &nbsp;&nbsp; 39450002 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **FT Vest Laddered Nasdaq Buffer** <br> **ETF (BUFQ)** | **FT Vest Laddered Nasdaq Buffer** <br> **ETF (BUFQ)** |
| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| $(880334)<br>| &nbsp;&nbsp; $(840465)<br>|
| 35578394 | &nbsp;&nbsp; 14370048 |
| 81152040 | &nbsp;&nbsp; 58321406 |
| 115850100 | &nbsp;&nbsp; 71850989 |
| 402025928<br>| &nbsp;&nbsp; 564612046<br>|
| (188439471) <br>| &nbsp;&nbsp; (83062849) <br>|
| 213586457 | &nbsp;&nbsp; 481549197 |
| 329436557 | &nbsp;&nbsp; 553400186 |
| 710358652 | &nbsp;&nbsp; 156958466 |
| $1039795209 | &nbsp;&nbsp; $710358652 |
| 23800002 | &nbsp;&nbsp; 6150002 |
| 12850000 | &nbsp;&nbsp; 20600000 |
| (6100000)<br>| &nbsp;&nbsp; (2950000)<br>|
| 30550002 | &nbsp;&nbsp; 23800002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights**

**For a share outstanding throughout each period**

**FT Vest Laddered Buffer ETF (BUFR)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $29.58 | &nbsp;&nbsp;&nbsp;&nbsp; $25.34 | &nbsp;&nbsp;&nbsp;&nbsp; $22.21 | &nbsp;&nbsp;&nbsp;&nbsp; $23.30 | &nbsp;&nbsp;&nbsp;&nbsp; $20.41 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.03) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.05) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.05) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.03) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.02) <br>|
| Net realized and unrealized gain (loss) | 3.22<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.29<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.18<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.06) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.91<br>|
| Total from investment operations | 3.19<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.24<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.13<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.09) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.89<br>|
| Net asset value, end of period | $32.77<br>| &nbsp;&nbsp;&nbsp;&nbsp; $29.58<br>| &nbsp;&nbsp;&nbsp;&nbsp; $25.34<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.21<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.30<br>|
| **Total return** (b) | 10.78<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16.73<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.09<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (4.68)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.16<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $7306784<br>| &nbsp;&nbsp;&nbsp;&nbsp; $5093181<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1859759<br>| &nbsp;&nbsp;&nbsp;&nbsp; $728564<br>| &nbsp;&nbsp;&nbsp;&nbsp; $301762<br>|
| Ratio of total expenses to average net assets (c) | 0.18<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>|
| Ratio of net expenses to average net assets (c) | 0.10<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.19<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>|
| Ratio of net investment income (loss) to average net <br> assets (c)<br>| (0.10)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.19)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20)% <br>|
| Portfolio turnover rate (d) | 1<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest Laddered Deep Buffer ETF (BUFD)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
|  | **2025** | **2024** | **2023** | **2022**  | **Period** <br>**Ended** <br>**8/31/2021 (a)** |
| Net asset value, beginning of period | $24.80 | &nbsp;&nbsp;&nbsp;&nbsp; $21.76 | &nbsp;&nbsp;&nbsp;&nbsp; $19.79 | &nbsp;&nbsp;&nbsp;&nbsp; $20.92 | &nbsp;&nbsp;&nbsp;&nbsp; $20.07 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.03) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.04) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.04) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.03) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.01) <br>|
| Net realized and unrealized gain (loss) | 2.42<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.08<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.01<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.10) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.86<br>|
| Total from investment operations | 2.39<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.04<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.97<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.13) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br>|
| Net asset value, end of period | $27.19<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24.80<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.76<br>| &nbsp;&nbsp;&nbsp;&nbsp; $19.79<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.92<br>|
| **Total return** (c) | 9.64<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.97<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.95<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (5.40)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.24<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $1435865<br>| &nbsp;&nbsp;&nbsp;&nbsp; $978328<br>| &nbsp;&nbsp;&nbsp;&nbsp; $613491<br>| &nbsp;&nbsp;&nbsp;&nbsp; $541132<br>| &nbsp;&nbsp;&nbsp;&nbsp; $161109<br>|
| Ratio of total expenses to average net assets (d) | 0.18<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % (e)<br>|
| Ratio of net expenses to average net assets (d) | 0.10<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.19<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % (e)<br>|
| Ratio of net investment income (loss) to average net <br> assets (d)<br>| (0.10)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.19)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20)% (e)<br>|
| Portfolio turnover rate (f) | 1<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is January 20, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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. The total returns would have been lower if certain fees
 had not been waived by the investment advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest Laddered Nasdaq Buffer ETF (BUFQ)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2022 (a)** |
|  | **2025** | **2024** | **2023** | **Period** <br>**Ended** <br>**8/31/2022 (a)** |
| Net asset value, beginning of period | $29.85 | &nbsp;&nbsp;&nbsp;&nbsp; $25.52 | &nbsp;&nbsp;&nbsp;&nbsp; $21.46 | &nbsp;&nbsp;&nbsp;&nbsp; $20.47 |
| **Income from investment operations:** |  |  |  |  |
| Net investment income (loss)  | (0.03) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.05) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.05) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.00) (c)<br>|
| Net realized and unrealized gain (loss) | 4.22<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.38<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.11<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99<br> (d)<br>|
| Total from investment operations | 4.19<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.33<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.06<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99<br>|
| Net asset value, end of period | $34.04<br>| &nbsp;&nbsp;&nbsp;&nbsp; $29.85<br>| &nbsp;&nbsp;&nbsp;&nbsp; $25.52<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.46<br>|
| **Total return** (e) | 14.04<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16.97<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 18.92<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.84<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |
| Net assets, end of period (in 000's) | $1039795<br>| &nbsp;&nbsp;&nbsp;&nbsp; $710359<br>| &nbsp;&nbsp;&nbsp;&nbsp; $156958<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10730<br>|
| Ratio of total expenses to average net assets (f) | 0.18<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % (g)<br>|
| Ratio of net expenses to average net assets (f) | 0.10<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.19<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % (g)<br>|
| Ratio of net investment income (loss) to average net assets (f) | (0.10)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.19)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20)% (g)<br>|
| Portfolio turnover rate (h) | 1<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is June 15, 2022, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Amount
 represents less than $0.01.

&nbsp;&nbsp;&nbsp;&nbsp;(d) The
 per share amount does not correlate with the aggregate realized and unrealized gain (loss) due to the timing of the Fund share sales and repurchases
 in relation to market value fluctuation of the underlying investments.

&nbsp;&nbsp;&nbsp;&nbsp;(e) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(f) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(h) 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

------

**Notes to Financial Statements**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization**

First Trust Exchange-Traded Fund VIII (the "Trust") is an open-end management investment company organized as a Massachusetts business trust on February 22, 2016, 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 three funds (each a "Fund" and collectively, the "Funds") listed below. The shares of each Fund are listed and traded on the Cboe BZX Exchange, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

FT Vest Laddered Buffer ETF – (ticker "BUFR") <br> FT Vest Laddered Deep Buffer ETF – (ticker "BUFD") <br> FT Vest Laddered Nasdaq Buffer ETF – (ticker "BUFQ")

Both BUFR and BUFD are diversified series of the Trust. BUFQ is a non-diversified series of the Trust.

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."

Each Fund is an actively managed exchange-traded fund.

The investment objective of BUFR is to seek to provide investors with capital appreciation. BUFR seeks to achieve its investment objective by providing investors with US large-cap equity market exposure while attempting to limit downside risk through a laddered portfolio of twelve FT Vest U.S. Equity Buffer ETFs ("FT ETFs"). Under normal market conditions, BUFR will invest substantially all of its assets in the FT ETFs, which seek to provide investors with returns (before fees and expenses) that match the return of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust ("SPY"), up to a predetermined upside cap, while providing a buffer (before fees and expenses) against the first 10% of SPY losses, over a defined one-year period. Unlike the FT ETFs, BUFR itself does not pursue a target outcome strategy. The buffer is only provided by the FT ETFs and BUFR itself does not provide any stated buffer against losses. In order to understand BUFR's strategy and risks, it is important to understand the strategies and risks of the FT ETFs.

The investment objective of BUFD is to seek to provide investors with capital appreciation. BUFD seeks to achieve its investment objective by providing investors with US large-cap equity market exposure while attempting to limit downside risk through a laddered portfolio of twelve FT Vest U.S. Equity Deep Buffer ETFs ("FT DB ETFs"). Under normal market conditions, BUFD will invest substantially all of its assets in the FT DB ETFs, which seek to provide investors with returns (before fees and expenses) that match the return of the SPY, up to a predetermined upside cap, while providing a deep buffer (before fees and expenses) against losses between -5% and -30% of SPY, over a defined one-year period. Unlike the FT DB ETFs, BUFD itself does not pursue a target outcome strategy. The buffer is only provided by the FT DB ETFs and BUFD itself does not provide any stated buffer against losses. In order to understand BUFD's strategy and risks, it is important to understand the strategies and risks of the FT DB ETFs.

The investment objective of BUFQ is to seek to provide investors with capital appreciation. BUFQ seeks to achieve its investment objective by providing investors with large-cap equity market exposure while attempting to limit downside risk through a laddered portfolio of four FT Vest Nasdaq-100<sup>®</sup> Buffer ETFs ("Nasdaq ETFs"). Under normal market conditions, BUFQ will invest substantially all of its assets in the Nasdaq ETFs, which seek to provide investors with returns (before fees and expenses) that match the return of the Invesco QQQ Trust<sup>SM</sup>, Series 1 ("QQQ"), up to a predetermined upside cap, while providing a buffer (before fees and expenses) against the first 10% of QQQ losses, over a defined one-year period. Unlike the Nasdaq ETFs, BUFQ itself does not pursue a target outcome strategy. The buffer is only provided by the Nasdaq ETFs and BUFQ itself does not provide any stated buffer against losses. In order to understand BUFQ's strategy and risks, it is important to understand the strategies and risks of the Nasdaq ETFs.

**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.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**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. 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:

Exchange-traded funds and other equity securities listed on any national or foreign exchange (excluding Nasdaq, Inc. ("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.

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 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.

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:

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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 August 31, 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.

**C. Affiliated Transactions**

Each of the Funds invests 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 BUFR at August 31, 2025, and for the fiscal year then ended are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Shares at <br>8/31/2025<br>| Value at <br>8/31/2024<br>| Purchases | Sales | Change in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Realized <br>Gain <br>(Loss)<br>| Value at <br>8/31/2025<br>| Dividend <br>Income<br>|
| FT Vest <br> U.S. Equity <br> Buffer ETF - <br> January<br>| 12412622 | $424436407 | $170793084 | $(39404144)<br>| $45062895 | $9068003 | $609956245 | $— |
| FT Vest <br> U.S. Equity <br> Buffer ETF - <br> February<br>| 11285472 | 424437339 | 168537513 | (45070286)<br>| 52051516 | 9001216 | 608957298 |  |
| FT Vest <br> U.S. Equity <br> Buffer ETF - <br> March<br>| 13254327 | 424701998 | 176132573 | (41721153)<br>| 39637901 | 8561944 | 607313263 |  |
| FT Vest <br> U.S. Equity <br> Buffer ETF - <br> April<br>| 14102439 | 424399381 | 184333107 | (38920762)<br>| 28866354 | 8381150 | 607059230 |  |
| FT Vest <br> U.S. Equity <br> Buffer ETF - <br> May<br>| 11843095 | 424677486 | 169197007 | (44823718)<br>| 52419925 | 7619676 | 609090376 |  |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Shares at<br> 8/31/2025<br>| Value at<br> 8/31/2024<br>| Purchases | Sales | Change in<br> Unrealized<br> Appreciation<br> (Depreciation)<br>| Realized<br> Gain<br> (Loss)<br>| Value at<br> 8/31/2025<br>| Dividend<br> Income<br>|
| FT Vest <br> U.S. Equity <br> Buffer ETF - <br> June<br>| 11045046 | $424498828 | $169897016 | $(39098651)<br>| $43384710 | $9647200 | $608329103 | $— |
| FT Vest <br> U.S. Equity <br> Buffer ETF - <br> July<br>| 11354484 | 424095794 | 168829348 | (50346304)<br>| 53526703 | 12761632 | 608867173 |  |
| FT Vest <br> U.S. Equity <br> Buffer ETF - <br> August<br>| 11992411 | 424585071 | 168664553 | (47155006)<br>| 54729356 | 8510429 | 609334403 |  |
| FT Vest <br> U.S. Equity <br> Buffer ETF - <br> September<br>| 12277681 | 424046990 | 169882279 | (42718134)<br>| 48288528 | 9864973 | 609364636 |  |
| FT Vest <br> U.S. Equity <br> Buffer ETF - <br> October<br>| 13190602 | 423617273 | 176658279 | (41409833)<br>| 43426355 | 7509456 | 609801530 |  |
| FT Vest <br> U.S. Equity <br> Buffer ETF - <br> November<br>| 11773846 | 423936684 | 172580027 | (40160085)<br>| 45724155 | 7272264 | 609353045 |  |
| FT Vest <br> U.S. Equity <br> Buffer ETF - <br> December<br>| 12654472 | 424637498 | 170171604 | (39939092)<br>| 45414125 | 9218509 | 609502644 |  |
|  |  | $5092070749 | $2065676390 | $(510767168)<br>| $552532523 | $107416452 | $7306928946 | $— |

---

Amounts relating to investments in affiliated funds in BUFD at August 31, 2025, and for the fiscal year then ended are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Shares at <br>8/31/2025<br>| Value at <br>8/31/2024<br>| Purchases | Sales | Change in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Realized <br>Gain <br>(Loss)<br>| Value at <br>8/31/2025<br>| Dividend <br>Income<br>|
| FT Vest U.S. Equity <br> Deep Buffer ETF - <br> January<br>| 2889669 | $81570298 | $40212094 | $(11467149)<br>| $7358727 | $2006006 | $119679976 | $— |
| FT Vest U.S. Equity <br> Deep Buffer ETF - <br> February<br>| 2617825 | 81604912 | 39945166 | (12308706)<br>| 8405221 | 2130419 | 119777012 |  |
| FT Vest U.S. Equity <br> Deep Buffer ETF - <br> March<br>| 2959862 | 81607049 | 40919652 | (12135071)<br>| 7036598 | 1972605 | 119400833 |  |
| FT Vest U.S. Equity <br> Deep Buffer ETF - <br> April<br>| 3116274 | 81543015 | 43240378 | (11274990)<br>| 3973915 | 1916474 | 119398792 |  |
| FT Vest U.S. Equity <br> Deep Buffer ETF - <br> May<br>| 2731579 | 81484015 | 40174303 | (12880807)<br>| 8804246 | 1924551 | 119506308 |  |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Shares at<br> 8/31/2025<br>| Value at<br> 8/31/2024<br>| Purchases | Sales | Change in<br> Unrealized<br> Appreciation<br> (Depreciation)<br>| Realized<br> Gain<br> (Loss)<br>| Value at<br> 8/31/2025<br>| Dividend<br> Income<br>|
| FT Vest U.S. Equity <br> Deep Buffer ETF - <br> June<br>| 2600650 | $81488852 | $40169638 | $(11584432)<br>| $6840613 | $2403151 | $119317822 | $— |
| FT Vest U.S. Equity <br> Deep Buffer ETF - <br> July<br>| 2600655 | 81591086 | 40042352 | (14814001)<br>| 9719073 | 3040647 | 119579157 |  |
| FT Vest U.S. Equity <br> Deep Buffer ETF - <br> August<br>| 2792551 | 81496618 | 39838391 | (12659685)<br>| 9206936 | 1834401 | 119716661 |  |
| FT Vest U.S. Equity <br> Deep Buffer ETF - <br> September<br>| 2738496 | 81428253 | 40376693 | (12436613)<br>| 7732319 | 2525890 | 119626542 |  |
| FT Vest U.S. Equity <br> Deep Buffer ETF - <br> October<br>| 2831488 | 81402534 | 41342682 | (12231735)<br>| 7137887 | 2188530 | 119839898 |  |
| FT Vest U.S. Equity <br> Deep Buffer ETF - <br> November<br>| 2604291 | 81456904 | 40709809 | (11908792)<br>| 7177622 | 2299601 | 119735144 |  |
| FT Vest U.S. Equity <br> Deep Buffer ETF - <br> December<br>| 2787327 | 81479203 | 40282723 | (11700603)<br>| 7364949 | 2261550 | 119687822 |  |
|  |  | $978152739 | $487253881 | $(147402584)<br>| $90758106 | $26503825 | $1435265967 | $— |

---

Amounts relating to investments in affiliated funds in BUFQ at August 31, 2025, and for the fiscal year then ended are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Shares at <br>8/31/2025<br>| Value at <br>8/31/2024<br>| Purchases | Sales | Change in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Realized <br>Gain <br>(Loss)<br>| Value at <br>8/31/2025<br>| Dividend <br>Income<br>|
| FT Vest Nasdaq-100<sup>®</sup> <br> Buffer ETF - March<br>| 8173832 | $177172826 | $102820589 | $(46684603)<br>| $17622716 | $8015470 | $258946998 | $— |
| FT Vest Nasdaq-100<sup>®</sup> <br> Buffer ETF - June<br>| 8547695 | 176640279 | 102454963 | (48650312)<br>| 19362074 | 9273631 | 259080635 |  |
| FT Vest Nasdaq-100<sup>®</sup> <br> Buffer ETF - <br> September<br>| 8539060 | 178605255 | 101715531 | (51920419)<br>| 22064234 | 10150072 | 260614673 |  |
| FT Vest Nasdaq-100<sup>®</sup> <br> Buffer ETF - <br> December<br>| 8663190 | 177861867 | 100974676 | (48230129)<br>| 22103016 | 8139221 | 260848651 |  |
|  |  | $710280227 | $407965759 | $(195485463)<br>| $81152040 | $35578394 | $1039490957 | $— |

---

**D. Dividends and Distributions to Shareholders**

Dividends from net investment income of each 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 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.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

There were no distributions paid during the fiscal years ended August 31, 2025 and August 31, 2024.

As of August 31, 2025, the components of distributable earnings on a tax basis for each Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | Undistributed <br>Ordinary <br>Income<br>| Accumulated <br>Capital and <br>Other <br>Gain (Loss)<br>| Net <br>Unrealized <br>Appreciation <br>(Depreciation)<br>|
| FT Vest Laddered Buffer ETF | $(4251721)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $1189778457 |
| FT Vest Laddered Deep Buffer ETF | (818026)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 212485100 |
| FT Vest Laddered Nasdaq Buffer ETF | (620964)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 147490644 |

---

**E. Income 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.

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 each fund, the taxable years ended 2022, 2023, 2024, and 2025 remain open to federal and state audit. As of August 31, 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 August 31, 2025, the Funds had no non-expiring capital loss carryforwards for federal income tax purposes.

Certain losses realized during the current taxable year may be deferred and treated as occurring on the first day of the following taxable year for federal income tax purposes. At August 31, 2025, the following Funds incurred and elected to defer net late year ordinary or capital losses as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Qualified Late Year Losses | Qualified Late Year Losses |
|  | Ordinary Losses | Capital Losses |
| FT Vest Laddered Buffer ETF | $4251721 | &nbsp;&nbsp; $— |
| FT Vest Laddered Deep Buffer ETF | 818026 | &nbsp;&nbsp; — |
| FT Vest Laddered Nasdaq Buffer ETF | 620964 | &nbsp;&nbsp; — |

---

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 August 31, 2025, the adjustments for each Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | Accumulated <br>Net Investment <br>Income (Loss)<br>| Accumulated <br>Net Realized <br>Gain (Loss) <br>on Investments<br>| Paid-In <br>Capital<br>|
| FT Vest Laddered Buffer ETF | $6671538 | &nbsp;&nbsp; $(107640168)<br>| &nbsp;&nbsp; $100968630 |
| FT Vest Laddered Deep Buffer ETF | 1397730 | &nbsp;&nbsp; (26479069)<br>| &nbsp;&nbsp; 25081339 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | | |
|:---|:---|:---|:---|
|  | Accumulated<br> Net Investment<br> Income (Loss)<br>| Accumulated<br> Net Realized<br> Gain (Loss)<br> on Investments<br>| Paid-In<br> Capital<br>|
| FT Vest Laddered Nasdaq Buffer ETF | $935545 | &nbsp;&nbsp; $(35733481)<br>| &nbsp;&nbsp; $34797936 |

---

As of August 31, 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Tax Cost | Gross <br> Unrealized <br>Appreciation<br>| Gross <br> Unrealized <br>(Depreciation)<br>| Net Unrealized <br>Appreciation <br>(Depreciation)<br>|
| FT Vest Laddered Buffer ETF | $6117596607 | &nbsp;&nbsp; $1189801746 | &nbsp;&nbsp; $(23289)<br>| &nbsp;&nbsp; $1189778457 |
| FT Vest Laddered Deep Buffer ETF | 1223496202 | &nbsp;&nbsp; 212488300 | &nbsp;&nbsp; (3200)<br>| &nbsp;&nbsp; 212485100 |
| FT Vest Laddered Nasdaq Buffer ETF | 892390669 | &nbsp;&nbsp; 147525577 | &nbsp;&nbsp; (34933)<br>| &nbsp;&nbsp; 147490644 |

---

**F. Expenses**

Expenses, other than the investment advisory fee and other excluded expenses, are paid by the Advisor (see Note 3).

**G. 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 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 paid an annual unitary management fee based on a percentage of each Fund's average daily net assets. In addition, each Fund incurs pro rata share of fees and expenses attributable to investments in other investment companies ("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. 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 schedule:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Breakpoints |  |
| Fund net assets up to and including $2.5 billion | 0.1000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.0975<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.0950<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.0925<br> %<br>|
| Fund net assets greater than $10 billion up to and including $15 billion | 0.0900<br> %<br>|
| Fund net assets greater than $15 billion | 0.0850<br> %<br>|

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

Prior to June 30, 2025, the annual unitary management fee payable by each Fund was calculated pursuant to the following schedule:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Breakpoints |  |
| Fund net assets up to and including $2.5 billion | 0.200<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.195<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.190<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.185<br> %<br>|
| Fund net assets greater than $10 billion up to and including $15 billion | 0.180<br> %<br>|
| Fund net assets greater than $15 billion | 0.170<br> %<br>|

---

Prior to June 30, 2025, the Advisor agreed to waive management fees of 0.10% of average daily net assets for each of the Funds. During any period in which such waiver was in effect, the applicable Fund was not eligible for any breakpoint discounts. During the fiscal year ended August 31, 2025, the Advisor waived fees of $5,038,511, $952,512, and $713,752 for BUFR, BUFD, and BUFQ, respectively. Effective June 30, 2025 such waivers were terminated.

First Trust is responsible for each Fund's expenses, including the cost of transfer agency, sub-advisory, custody, fund administration, legal, audit and other services, but excluding fee payments under the Investment Management Agreement, interest, taxes, acquired fund fees and expenses, 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, and extraordinary expenses.

Vest Financial LLC ("Vest"), an affiliate of First Trust, serves as the Funds' sub-advisor and manages each Fund's portfolio subject to First Trust's supervision. Pursuant to the Investment Management Agreement, between the Trust, on behalf of the Funds, and the Advisor, and the Investment Sub-Advisory Agreement among the Trust, on behalf of the Funds, the Advisor and Vest, First Trust will supervise Vest and its management of the investment of each Fund's assets and will pay Vest for its services as the Funds' sub-advisor a sub-advisory fee equal to 50% of the monthly unitary management fee paid to the Advisor, less Vest's 50% share of each Fund's expenses for that month. In the event the Sub-Advisor's share of the expenses exceeds the amount of the sub-advisory fee in any month, the Sub-Advisor will pay the difference to the Advisor. During any period in which the Advisor's management fee is reduced in accordance with the breakpoints described above, the investment sub-advisory fee (which is based on the Advisor's management fee) paid to Vest will be reduced to reflect the reduction in the Advisor's management fee.

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 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.

**4. Purchases and Sales of Securities** 

For the fiscal year ended August 31, 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| FT Vest Laddered Buffer ETF | $47675060 | &nbsp;&nbsp; $52167348 |
| FT Vest Laddered Deep Buffer ETF | 9731753 | &nbsp;&nbsp; 11199914 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| FT Vest Laddered Nasdaq Buffer ETF | $5970878 | &nbsp;&nbsp; $7068710 |

---

For the fiscal year ended August 31, 2025, the cost of in-kind purchases and proceeds from in-kind sales for each Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| FT Vest Laddered Buffer ETF | $2018001330 | &nbsp;&nbsp; $458599820 |
| FT Vest Laddered Deep Buffer ETF | 477522128 | &nbsp;&nbsp; 136202670 |
| FT Vest Laddered Nasdaq Buffer ETF | 401994881 | &nbsp;&nbsp; 188416753 |

---

**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 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 December 31, 2026.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**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.

------

**Report of Independent Registered Public Accounting Firm**

**To the Shareholders and the Board of Trustees of First Trust Exchange-Traded Fund VIII:**

**Opinion on the Financial Statements and Financial Highlights**

We have audited the accompanying statements of assets and liabilities, including the portfolios of investments, of FT Vest Laddered Buffer ETF, FT Vest Laddered Deep Buffer ETF, and FT Vest Laddered Nasdaq Buffer ETF (the "Funds"), each a series of the First Trust Exchange-Traded Fund VIII, as of August 31, 2025, the related statements of operations for the year then ended, statements of changes in net assets for each of the two years in the period then ended, 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 the Funds as of August 31, 2025, and the results of their operations, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Individual Funds Included** <br>**in the Trust**<br>| **Financial** <br>**Highlights**<br>|
| FT Vest Laddered Buffer ETF | For the years ended August 31, 2025, 2024, 2023, 2022, and 2021 |
| FT Vest Laddered Deep Buffer ETF | For the years ended August 31, 2025, 2024, 2023, and 2022, and for the period from <br> January 20, 2021 (commencement of investment operations) through August 31, <br> 2021<br>|
| FT Vest Laddered Nasdaq Buffer ETF | For the years ended August 31, 2025, 2024, and 2023, and for the period from <br> June 15, 2022 (commencement of investment operations) through August 31, 2022<br>|

---

**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 August 31, 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

October 22, 2025

We have served as the auditor of one or more First Trust investment companies since 2001.

------

**Other Information**

**First Trust Exchange-Traded Fund VIII**

**August 31, 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 August 31, 2025.

**Proxy Disclosures (Item 9 of Form N-CSR)**

At a special meeting of shareholders of First Trust Exchange-Traded Fund VIII (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| James A. Bowen\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931952816 <br>5974259<br>|
| Thomas J. Driscoll\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931990349 <br>5936726<br>|
| Richard E. Erickson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931309705 <br>6617370<br>|
| Thomas R. Kadlec\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931262372 <br>6664703<br>|
| Denise M. Keefe\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932234496 <br>5692579<br>|
| Robert F. Keith\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931417790 <br>6509285<br>|
| Niel B. Nielson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931068296 <br>6858779<br>|
| Bronwyn Wright\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841558465 <br>96368610<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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.

**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 VIII 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.

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

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 $2,523,446. This figure is comprised of $101,714 paid (or to be paid) in fixed compensation and $2,421,732 paid (or to be paid) in variable compensation. There were a total of 24 beneficiaries of the remuneration described above. Those amounts include $1,322,805 paid (or to be paid) to senior management of First Trust Advisors L.P. and $1,200,641 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").

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. to provide a clear link between remuneration and performance of First Trust and to avoid rewarding for failure;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. to promote sound and effective risk management consistent with the risk profiles of the funds managed by First Trust; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.

**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 VIII (the "Trust"), including the Independent Trustees, unanimously approved the continuation of the Investment Management Agreement (the "Advisory Agreement") with First Trust Advisors L.P. (the "Advisor") and the Investment Sub-Advisory Agreement (the "Sub-Advisory Agreement" and together with the Advisory Agreement, the "Agreements") among the Trust, the Advisor and Vest Financial LLC (the "Sub-Advisor") on behalf of the following series of the Trust (each a "Fund" and collectively, the "Funds"):

FT Vest Laddered Buffer ETF (BUFR)

FT Vest Laddered Deep Buffer ETF (BUFD)

FT Vest Laddered Nasdaq Buffer ETF (BUFQ)

The Board approved the continuation of the Agreements 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 Agreements 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 and the Sub-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

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

services provided by the Advisor and the Sub-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 sub-advisory fee as compared to fees charged to other clients of the Sub-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 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 and the Sub-Advisor to realize economies of scale, if any; profitability and other financial data for the Advisor; financial data for the Sub-Advisor; any indirect benefits to the Advisor and its affiliates, First Trust Portfolios L.P. ("FTP") and First Trust Capital Partners, LLC ("FTCP"), and the Sub-Advisor; and information on the Advisor's and the Sub-Advisor's compliance programs. 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 and the Sub-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 arrangements between the Trust and the Advisor and among the Trust, the Advisor and the Sub-Advisor continue to be reasonable business arrangements 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 and the Sub-Advisor manage the Fund and knowing the Fund's unitary fee.

In reviewing the Agreements for each Fund, the Board considered the nature, extent and quality of the services provided by the Advisor and the Sub-Advisor under the Agreements. With respect to the Advisory 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, including the oversight of the Sub-Advisor, as well as the background and experience of the persons responsible for such services. The Board noted that the Advisor oversees the Sub-Advisor's day-to-day management of each Fund's investments, including portfolio risk monitoring and performance review. 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, the Sub-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. With respect to the Sub-Advisory Agreement, the Board noted that each Fund is an actively-managed ETF and the Sub-Advisor actively manages the Fund's investments. In addition to the written materials provided by the Sub-Advisor, at the June 8–9, 2025 meeting, the Board also received a presentation from representatives of the Sub-Advisor, who discussed the services that the Sub-Advisor provides to each Fund, including the Sub-Advisor's day-to-day management of the Funds' investments. In considering the Sub-Advisor's management of the Funds, the Board noted the background and experience of the Sub-Advisor's portfolio management team. 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 and the Sub-Advisor under the Agreements have been and are expected to remain satisfactory and that the Sub-Advisor, under the oversight of 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 Advisory Agreement for the services provided. The Board noted that the sub-advisory fee for each Fund is paid by the Advisor from the Fund's unitary fee. The Board considered that as part of the unitary fee the Advisor is responsible for each Fund's expenses, including the cost of sub-advisory, transfer agency, custody, fund administration, legal, audit and other services and license fees, if any, but excluding the fee payment under the Advisory 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 noted that, because each Fund invests in underlying ETFs in the First Trust Fund Complex, it incurs acquired fund fees and expenses, which are not payable out of the unitary fee. 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 and the

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

Sub-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 (excluding acquired fund fees and expenses) for each Fund was below the median total (net) expense ratio (excluding acquired fund fees and expenses) of the peer funds in its respective Expense Group. The Board also noted that the total (net) expense ratio (including acquired fund fees and expenses) for each Fund 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 Broadridge its methodology for assembling peer groups and discussed with the Advisor limitations in creating peer groups for actively-managed ETFs, and different business models that may affect the pricing of services among ETF sponsors. The Board also noted that, for each Fund, not all peer funds employ an advisor/sub-advisor management structure. 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. The Board noted that, at the June 8–9, 2025 meeting, it approved a fee reduction and termination of a temporary expense waiver for the Funds, to be effective June 30, 2025. 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 and the Sub-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 information comparing each Fund's performance for one or more periods ended December 31, 2024 to the performance of the funds in its respective Performance Universe and to that of a benchmark index. Based on the information provided, the Board noted that BUFR outperformed its Performance Universe median and underperformed its benchmark index for the one- and three-year periods ended December 31, 2024; that BUFD underperformed its Performance Universe median and benchmark index for the one- and three-year periods ended December 31, 2024; and that BUFQ outperformed its Performance Universe median and underperformed its benchmark index for the one-year period ended December 31, 2024. The Board also noted that each Fund invests substantially all of its assets in multiple target outcome ETFs in the First Trust Fund Complex sub-advised by the Sub-Advisor that seek to provide investors with returns (before fees and expenses) over a defined period of time (typically one year) that, for each of BUFR and BUFD, match the price return of the SPDR S&P 500 ETF Trust ("SPY") and, for BUFQ, match the price return of the Invesco QQQ Trust, Series 1 ("QQQ"), up to a predetermined cap, while providing a buffer against certain losses on the price return of SPY or QQQ, as applicable, and considered that the investment strategy of the underlying ETFs limits the comparability of the performance of each Fund to that of the funds in its respective Performance Universe and its benchmark index.

On the basis of all the information provided on the unitary fee and performance of each Fund and the ongoing oversight by the Board, the Board concluded that the unitary fee for each Fund (out of which the Sub-Advisor is compensated) continues to be reasonable and appropriate in light of the nature, extent and quality of the services provided by the Advisor and the Sub-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 for the twelve months ended 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 same period. 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. The Board also noted that FTCP has a controlling ownership interest in the Sub-Advisor's parent company and considered potential indirect benefits to the Advisor from such ownership interest. In addition, the Board considered that the Advisor, as the

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

investment advisor to the underlying ETFs in which each Fund invests, will recognize additional revenue from the underlying ETFs if investment by the 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.

The Board considered the Sub-Advisor's statement that it believes that the sub-advisory fee for each Fund is appropriate. The Board noted the Sub-Advisor's statements that it continues to invest in infrastructure, technology and personnel, and that it anticipates that its expenses relating to providing services to the Funds will remain approximately the same for the next twelve months. The Board noted that the Advisor pays the Sub-Advisor for each Fund from the unitary fee, that the sub-advisory fee will be reduced consistent with the breakpoints in the unitary fee rate schedule and its understanding that each Fund's sub-advisory fee was the product of an arm's length negotiation. The Board did not review the profitability of the Sub-Advisor with respect to each Fund. The Board concluded that the profitability analysis for the Advisor was more relevant. The Board considered the potential indirect benefits to the Sub-Advisor from being associated with the Advisor and the Funds, and noted the Sub-Advisor's statements that it is the Sub-Advisor's policy currently not to enter into soft-dollar arrangements for the procurement of research services in connection with client securities transactions and that, as a result, there are no foreseen indirect benefits from its relationship with the Funds. The Board also considered the potential indirect benefits to the Sub-Advisor from FTCP's controlling ownership interest in the Sub-Advisor's parent company. In addition, the Board considered that the Sub-Advisor, as the investment sub-advisor to the underlying ETFs in which each Fund invests, will recognize additional revenue from the underlying ETFs if investment by the Funds causes the assets of the underlying ETFs to grow. The Board concluded that the character and amount of potential indirect benefits to the Sub-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.

**Federal Tax Information**

There were no distributions made by each Fund during the taxable year ended August 31, 2025; therefore, no analysis for the corporate dividends received deduction and qualified dividend income was completed.

**Disclaimer**

**FT Vest Laddered Buffer ETF**

**FT Vest Laddered Deep Buffer ETF**

Each Fund is not sponsored, endorsed, sold or promoted by SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR, or Standard & Poor's (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to each Fund. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in each Fund or results to be obtained by each Fund, shareholders or any other person or entity from use of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of each Fund.

**FT Vest Laddered Nasdaq Buffer ETF**

The Fund is not sponsored, endorsed, sold or promoted by Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, Nasdaq, Inc. or their affiliates. Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, Nasdaq, Inc. or their affiliates have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Fund or the Flexible EXchange Options<sup>®</sup> ("FLEX Options"). Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, Nasdaq, Inc. or their affiliates make no representations or warranties, express or implied, regarding the advisability of investing in the Fund or the FLEX Options or results to be obtained by the Fund or the FLEX Options, shareholders or any other person or entity from use of the QQQ. Invesco QQQ Trust<sup>SM</sup>, Series 1, Invesco, Nasdaq, Inc. or their affiliates have no liability in connection with the management, administration, marketing or trading of the Fund or the FLEX Options.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Annual Financial Statements and Other Information <br> For the Year Ended August 31, 2025

![](imgf38f84c71.gif)

<u>First Trust Exchange-Traded Fund VIII</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| |
|:---|
| FT Vest U.S. Equity Moderate Buffer ETF - January (GJAN) |
| FT Vest U.S. Equity Moderate Buffer ETF - February (GFEB) |
| FT Vest U.S. Small Cap Moderate Buffer ETF - February (SFEB) |
| FT Vest U.S. Equity Buffer & Premium Income ETF - March (XIMR) |
| FT Vest U.S. Equity Moderate Buffer ETF - March (GMAR) |
| FT Vest U.S. Equity Moderate Buffer ETF - April (GAPR) |
| FT Vest U.S. Equity Moderate Buffer ETF - May (GMAY) |
| FT Vest U.S. Small Cap Moderate Buffer ETF - May (SMAY) |
| FT Vest U.S. Equity Buffer & Premium Income ETF - June (XIJN) |
| FT Vest U.S. Equity Moderate Buffer ETF - June (GJUN) |
| FT Vest U.S. Equity Moderate Buffer ETF - July (GJUL) |
| FT Vest U.S. Equity Moderate Buffer ETF - August (GAUG) |
| FT Vest U.S. Small Cap Moderate Buffer ETF - August (SAUG) |
| FT Vest U.S. Equity Buffer & Premium Income ETF - September <br> (XISE)<br>|
| FT Vest U.S. Equity Moderate Buffer ETF - September (GSEP) |
| FT Vest U.S. Equity Moderate Buffer ETF - October (GOCT) |
| FT Vest U.S. Equity Moderate Buffer ETF - November (GNOV) |
| FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV) |
| FT Vest U.S. Equity Buffer & Premium Income ETF - December <br> (XIDE)<br>|
| FT Vest U.S. Equity Moderate Buffer ETF - December (GDEC) |
| FT Vest Laddered Moderate Buffer ETF (BUFZ) |
| FT Vest Laddered Small Cap Moderate Buffer ETF (BUFS) |

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**Table of Contents** 

**First Trust Exchange-Traded Fund VIII**

**Annual Financial Statements and Other Information**

**August 31, 2025** 

---

| | |
|:---|:---|
| [Portfolio of Investments](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4402_1) |  |
| [FT Vest U.S. Equity Moderate Buffer ETF - January (GJAN)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4402_1) | 1 |
| [FT Vest U.S. Equity Moderate Buffer ETF - February (GFEB)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4484_1) | 2 |
| [FT Vest U.S. Small Cap Moderate Buffer ETF - February (SFEB)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4646_1) | 3 |
| [FT Vest U.S. Equity Buffer & Premium Income ETF - March (XIMR)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4676_1) | 4 |
| [FT Vest U.S. Equity Moderate Buffer ETF - March (GMAR)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4488_1) | 6 |
| [FT Vest U.S. Equity Moderate Buffer ETF - April (GAPR)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4489_1) | 7 |
| [FT Vest U.S. Equity Moderate Buffer ETF - May (GMAY)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4491_1) | 8 |
| [FT Vest U.S. Small Cap Moderate Buffer ETF - May (SMAY)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4492_1) | 9 |
| [FT Vest U.S. Equity Buffer & Premium Income ETF - June (XIJN)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4886_1) | 10 |
| [FT Vest U.S. Equity Moderate Buffer ETF - June (GJUN)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4544_1) | 12 |
| [FT Vest U.S. Equity Moderate Buffer ETF - July (GJUL)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4545_1) | 13 |
| [FT Vest U.S. Equity Moderate Buffer ETF - August (GAUG)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4546_1) | 14 |
| [FT Vest U.S. Small Cap Moderate Buffer ETF - August (SAUG)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4547_1) | 15 |
| [FT Vest U.S. Equity Buffer & Premium Income ETF - September (XISE)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4615_1) | 16 |
| [FT Vest U.S. Equity Moderate Buffer ETF - September (GSEP)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4613_1) | 18 |
| [FT Vest U.S. Equity Moderate Buffer ETF - October (GOCT)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4612_1) | 19 |
| [FT Vest U.S. Equity Moderate Buffer ETF - November (GNOV)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4611_1) | 20 |
| [FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4614_1) | 21 |
| [FT Vest U.S. Equity Buffer & Premium Income ETF - December (XIDE)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4645_1) | 22 |
| [FT Vest U.S. Equity Moderate Buffer ETF - December (GDEC)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4647_1) | 24 |
| [FT Vest Laddered Moderate Buffer ETF (BUFZ)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4610_1) | 25 |
| [FT Vest Laddered Small Cap Moderate Buffer ETF (BUFS)](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOI-TOC-ScheduleofInvestments-4670_1) | 26 |
| [Statements of Assets and Liabilities](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SAL1-TOC-StatementofAssetsandLiabilities-4402_2) | 28 |
| [Statements of Operations](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOP1-TOC-StatementofOperations-4646_2) | 34 |
| [Statements of Changes in Net Assets](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_SOC1-TOC-StatementofChanges-4402_2) | 40 |
| [Financial Highlights](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_FIHI-TOC-FinancialHighlights-4402_1) | 49 |
| [Notes to Financial Statements](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_NTF-TOC-NotestoFinancialStatements-4402_1) | 71 |
| [Report of Independent Registered Public Accounting Firm](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_AUD-TOC-RIRPAFirm-4402_1) | 89 |
| [Other Information](#xx_d1ba4e2e-7794-436f-82cc-d288aa9cb211_AI-TOC-AdditionalInformation-4402_1) | 91 |

---

**Performance and Risk Disclosure**

There is no assurance that any series of First Trust Exchange-Traded Fund VIII (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.

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**FT Vest U.S. Equity Moderate Buffer ETF - January (GJAN)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** |
| 2292530 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $2292530 |
|  | (Cost $2,292,530) |  |
|  | **Total Investments — 0.6%** | 2292530 |
|  | (Cost $2,292,530) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 102.2%** | **PURCHASED OPTIONS — 102.2%** | **PURCHASED OPTIONS — 102.2%** | **PURCHASED OPTIONS — 102.2%** | **PURCHASED OPTIONS — 102.2%** | **PURCHASED OPTIONS — 102.2%** |
|  | **Call Options Purchased — 100.6%** | **Call Options Purchased — 100.6%** | **Call Options Purchased — 100.6%** | **Call Options Purchased — 100.6%** |  |
| 5811 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $374838555 | $6.00 | 01/16/26 | 369620277 |
|  | (Cost $342,473,789) |  |  |  |  |
|  | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** |  |
| 5811 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 374838555 | 597.60 | 01/16/26 | 5671536 |
|  | (Cost $15,972,928) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 375291813 |
|  | (Cost $358,446,717) | (Cost $358,446,717) | (Cost $358,446,717) | (Cost $358,446,717) |  |
| **WRITTEN OPTIONS — (2.7)%** | **WRITTEN OPTIONS — (2.7)%** | **WRITTEN OPTIONS — (2.7)%** | **WRITTEN OPTIONS — (2.7)%** | **WRITTEN OPTIONS — (2.7)%** | **WRITTEN OPTIONS — (2.7)%** |
|  | **Call Options Written — (2.2)%** | **Call Options Written — (2.2)%** | **Call Options Written — (2.2)%** | **Call Options Written — (2.2)%** |  |
| (5811) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (374838555)<br>| 667.64 | 01/16/26 | (8222565)<br>|
|  | (Premiums received $7,335,761) |  |  |  |  |
|  | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** |  |
| (5811) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (374838555)<br>| 507.96 | 01/16/26 | (1830465)<br>|
|  | (Premiums received $6,084,346) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (10053030)<br>|
|  | (Premiums received $13,420,107) | (Premiums received $13,420,107) | (Premiums received $13,420,107) | (Premiums received $13,420,107) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (216390)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $367314923 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $2292530 | &nbsp;&nbsp; $2292530 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 375291813 | &nbsp;&nbsp; — | &nbsp;&nbsp; 375291813 | &nbsp;&nbsp; — |
| Total | $377584343 | &nbsp;&nbsp; $2292530 | &nbsp;&nbsp; $375291813 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(10053030)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(10053030)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Moderate Buffer ETF - February (GFEB)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.7%** | **MONEY MARKET FUNDS — 0.7%** | **MONEY MARKET FUNDS — 0.7%** |
| 2528016 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $2528016 |
|  | (Cost $2,528,016) |  |
|  | **Total Investments — 0.7%** | 2528016 |
|  | (Cost $2,528,016) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 102.7%** | **PURCHASED OPTIONS — 102.7%** | **PURCHASED OPTIONS — 102.7%** | **PURCHASED OPTIONS — 102.7%** | **PURCHASED OPTIONS — 102.7%** | **PURCHASED OPTIONS — 102.7%** |
|  | **Call Options Purchased — 100.7%** | **Call Options Purchased — 100.7%** | **Call Options Purchased — 100.7%** | **Call Options Purchased — 100.7%** |  |
| 5601 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $361292505 | $6.02 | 02/20/26 | 356397231 |
|  | (Cost $328,545,356) |  |  |  |  |
|  | **Put Options Purchased — 2.0%** | **Put Options Purchased — 2.0%** | **Put Options Purchased — 2.0%** | **Put Options Purchased — 2.0%** |  |
| 5601 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 361292505 | 599.96 | 02/20/26 | 6883629 |
|  | (Cost $17,330,330) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 363280860 |
|  | (Cost $345,875,686) | (Cost $345,875,686) | (Cost $345,875,686) | (Cost $345,875,686) |  |
| **WRITTEN OPTIONS — (3.3)%** | **WRITTEN OPTIONS — (3.3)%** | **WRITTEN OPTIONS — (3.3)%** | **WRITTEN OPTIONS — (3.3)%** | **WRITTEN OPTIONS — (3.3)%** | **WRITTEN OPTIONS — (3.3)%** |
|  | **Call Options Written — (2.6)%** | **Call Options Written — (2.6)%** | **Call Options Written — (2.6)%** | **Call Options Written — (2.6)%** |  |
| (5601) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (361292505)<br>| 671.83 | 02/20/26 | (9269655)<br>|
|  | (Premiums received $5,666,625) |  |  |  |  |
|  | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** | **Put Options Written — (0.7)%** |  |
| (5601) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (361292505)<br>| 509.97 | 02/20/26 | (2397228)<br>|
|  | (Premiums received $6,303,094) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (11666883)<br>|
|  | (Premiums received $11,969,719) | (Premiums received $11,969,719) | (Premiums received $11,969,719) | (Premiums received $11,969,719) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (300923)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $353841070 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $2528016 | &nbsp;&nbsp; $2528016 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 363280860 | &nbsp;&nbsp; — | &nbsp;&nbsp; 363280860 | &nbsp;&nbsp; — |
| Total | $365808876 | &nbsp;&nbsp; $2528016 | &nbsp;&nbsp; $363280860 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(11666883)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(11666883)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Small Cap Moderate Buffer ETF - February (SFEB)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** |
| 608515 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $608515 |
|  | (Cost $608,515) |  |
|  | **Total Investments — 0.8%** | 608515 |
|  | (Cost $608,515) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 103.2%** | **PURCHASED OPTIONS — 103.2%** | **PURCHASED OPTIONS — 103.2%** | **PURCHASED OPTIONS — 103.2%** | **PURCHASED OPTIONS — 103.2%** | **PURCHASED OPTIONS — 103.2%** |
|  | **Call Options Purchased — 100.5%** | **Call Options Purchased — 100.5%** | **Call Options Purchased — 100.5%** | **Call Options Purchased — 100.5%** |  |
| 3501 | iShares Russell 2000 ETF  | $82333017 | $2.18 | 02/20/26 | 81276730 |
|  | (Cost $74,583,869) |  |  |  |  |
|  | **Put Options Purchased — 2.7%** | **Put Options Purchased — 2.7%** | **Put Options Purchased — 2.7%** | **Put Options Purchased — 2.7%** |  |
| 3501 | iShares Russell 2000 ETF  | 82333017 | 217.80 | 02/20/26 | 2193132 |
|  | (Cost $5,685,146) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 83469862 |
|  | (Cost $80,269,015) | (Cost $80,269,015) | (Cost $80,269,015) | (Cost $80,269,015) |  |
| **WRITTEN OPTIONS — (3.9)%** | **WRITTEN OPTIONS — (3.9)%** | **WRITTEN OPTIONS — (3.9)%** | **WRITTEN OPTIONS — (3.9)%** | **WRITTEN OPTIONS — (3.9)%** | **WRITTEN OPTIONS — (3.9)%** |
|  | **Call Options Written — (3.1)%** | **Call Options Written — (3.1)%** | **Call Options Written — (3.1)%** | **Call Options Written — (3.1)%** |  |
| (3501) | iShares Russell 2000 ETF  | (82333017)<br>| 253.67 | 02/20/26 | (2474682)<br>|
|  | (Premiums received $1,983,315) |  |  |  |  |
|  | **Put Options Written — (0.8)%** | **Put Options Written — (0.8)%** | **Put Options Written — (0.8)%** | **Put Options Written — (0.8)%** |  |
| (3501) | iShares Russell 2000 ETF  | (82333017)<br>| 185.13 | 02/20/26 | (686791)<br>|
|  | (Premiums received $1,805,572) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (3161473)<br>|
|  | (Premiums received $3,788,887) | (Premiums received $3,788,887) | (Premiums received $3,788,887) | (Premiums received $3,788,887) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (61162)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $80855742 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $608515 | &nbsp;&nbsp; $608515 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 83469862 | &nbsp;&nbsp; — | &nbsp;&nbsp; 83469862 | &nbsp;&nbsp; — |
| Total | $84078377 | &nbsp;&nbsp; $608515 | &nbsp;&nbsp; $83469862 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(3161473)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(3161473)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer & Premium Income ETF - March (XIMR)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Maturity**<br>| **Value** |
| **U.S. TREASURY BILLS — 3.5%** | **U.S. TREASURY BILLS — 3.5%** | **U.S. TREASURY BILLS — 3.5%** | **U.S. TREASURY BILLS — 3.5%** |
| $208000 | U.S. Treasury Bill <br> (a) | 09/18/25 | $207607 |
| 208000 | U.S. Treasury Bill <br> (a) | 10/30/25 | 206611 |
| 208000 | U.S. Treasury Bill <br> (a) | 11/28/25 | 205968 |
| 208000 | U.S. Treasury Bill <br> (a) | 12/26/25 | 205340 |
| 208000 | U.S. Treasury Bill <br> (a) | 01/22/26 | 204804 |
| 208000 | U.S. Treasury Bill <br> (a) | 02/19/26 | 204215 |
| 208000 | U.S. Treasury Bill <br> (a) | 03/19/26 | 203679 |
|  | **Total U.S. Treasury Bills** | **Total U.S. Treasury Bills** | 1438224 |
|  | (Cost $1,437,928) | (Cost $1,437,928) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.2%** | **MONEY MARKET FUNDS — 1.2%** | **MONEY MARKET FUNDS — 1.2%** |
| 465928 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (b) | 465928 |
|  | (Cost $465,928) |  |
|  | **Total Investments — 4.7%** | 1904152 |
|  | (Cost $1,903,856) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 113.7%** | **PURCHASED OPTIONS — 113.7%** | **PURCHASED OPTIONS — 113.7%** | **PURCHASED OPTIONS — 113.7%** | **PURCHASED OPTIONS — 113.7%** | **PURCHASED OPTIONS — 113.7%** |
|  | **Call Options Purchased — 112.1%** | **Call Options Purchased — 112.1%** | **Call Options Purchased — 112.1%** | **Call Options Purchased — 112.1%** |  |
| 710 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $45798550 | $0.06 | 03/20/26 | 45512072 |
|  | (Cost $39,848,567) |  |  |  |  |
|  | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** | **Put Options Purchased — 1.6%** |  |
| 710 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 45798550 | 563.97 | 03/20/26 | 665249 |
|  | (Cost $2,226,798) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 46177321 |
|  | (Cost $42,075,365) | (Cost $42,075,365) | (Cost $42,075,365) | (Cost $42,075,365) |  |
| **WRITTEN OPTIONS — (18.3)%** | **WRITTEN OPTIONS — (18.3)%** | **WRITTEN OPTIONS — (18.3)%** | **WRITTEN OPTIONS — (18.3)%** | **WRITTEN OPTIONS — (18.3)%** | **WRITTEN OPTIONS — (18.3)%** |
|  | **Call Options Written — (17.4)%** | **Call Options Written — (17.4)%** | **Call Options Written — (17.4)%** | **Call Options Written — (17.4)%** |  |
| (710) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (45798550)<br>| 563.97 | 03/20/26 | (7080858)<br>|
|  | (Premiums received $3,611,513) |  |  |  |  |
|  | **Put Options Written — (0.9)%** | **Put Options Written — (0.9)%** | **Put Options Written — (0.9)%** | **Put Options Written — (0.9)%** |  |
| (710) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (45798550)<br>| 507.57 | 03/20/26 | (360716)<br>|
|  | (Premiums received $1,208,905) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (7441574)<br>|
|  | (Premiums received $4,820,418) | (Premiums received $4,820,418) | (Premiums received $4,820,418) | (Premiums received $4,820,418) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (27875)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $40612024 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Zero
 coupon security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Rate
 shown reflects yield as of August 31, 2025.

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer & Premium Income ETF - March (XIMR)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| U.S. Treasury Bills | $1438224 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1438224 | &nbsp;&nbsp; $— |
| Money Market Funds | 465928 | &nbsp;&nbsp; 465928 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | 1904152 | &nbsp;&nbsp; 465928 | &nbsp;&nbsp; 1438224 | &nbsp;&nbsp; — |
| Purchased Options | 46177321 | &nbsp;&nbsp; — | &nbsp;&nbsp; 46177321 | &nbsp;&nbsp; — |
| Total | $48081473 | &nbsp;&nbsp; $465928 | &nbsp;&nbsp; $47615545 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(7441574)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(7441574)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Moderate Buffer ETF - March (GMAR)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** |
| 3143931 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $3143931 |
|  | (Cost $3,143,931) |  |
|  | **Total Investments — 0.8%** | 3143931 |
|  | (Cost $3,143,931) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 107.2%** | **PURCHASED OPTIONS — 107.2%** | **PURCHASED OPTIONS — 107.2%** | **PURCHASED OPTIONS — 107.2%** | **PURCHASED OPTIONS — 107.2%** | **PURCHASED OPTIONS — 107.2%** |
|  | **Call Options Purchased — 105.7%** | **Call Options Purchased — 105.7%** | **Call Options Purchased — 105.7%** | **Call Options Purchased — 105.7%** |  |
| 6940 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $447664700 | $5.66 | 03/20/26 | 441093145 |
|  | (Cost $385,631,078) |  |  |  |  |
|  | **Put Options Purchased — 1.5%** | **Put Options Purchased — 1.5%** | **Put Options Purchased — 1.5%** | **Put Options Purchased — 1.5%** |  |
| 6940 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 447664700 | 564.00 | 03/20/26 | 6504723 |
|  | (Cost $22,736,218) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 447597868 |
|  | (Cost $408,367,296) | (Cost $408,367,296) | (Cost $408,367,296) | (Cost $408,367,296) |  |
| **WRITTEN OPTIONS — (7.9)%** | **WRITTEN OPTIONS — (7.9)%** | **WRITTEN OPTIONS — (7.9)%** | **WRITTEN OPTIONS — (7.9)%** | **WRITTEN OPTIONS — (7.9)%** | **WRITTEN OPTIONS — (7.9)%** |
|  | **Call Options Written — (7.3)%** | **Call Options Written — (7.3)%** | **Call Options Written — (7.3)%** | **Call Options Written — (7.3)%** |  |
| (6940) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (447664700)<br>| 632.81 | 03/20/26 | (30382210)<br>|
|  | (Premiums received $9,169,969) |  |  |  |  |
|  | **Put Options Written — (0.6)%** | **Put Options Written — (0.6)%** | **Put Options Written — (0.6)%** | **Put Options Written — (0.6)%** |  |
| (6940) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (447664700)<br>| 479.40 | 03/20/26 | (2666556)<br>|
|  | (Premiums received $8,009,923) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (33048766)<br>|
|  | (Premiums received $17,179,892) | (Premiums received $17,179,892) | (Premiums received $17,179,892) | (Premiums received $17,179,892) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (293062)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $417399971 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $3143931 | &nbsp;&nbsp; $3143931 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 447597868 | &nbsp;&nbsp; — | &nbsp;&nbsp; 447597868 | &nbsp;&nbsp; — |
| Total | $450741799 | &nbsp;&nbsp; $3143931 | &nbsp;&nbsp; $447597868 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(33048766)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(33048766)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Moderate Buffer ETF - April (GAPR)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** |
| 2014987 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $2014987 |
|  | (Cost $2,014,987) |  |
|  | **Total Investments — 0.8%** | 2014987 |
|  | (Cost $2,014,987) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 111.8%** | **PURCHASED OPTIONS — 111.8%** | **PURCHASED OPTIONS — 111.8%** | **PURCHASED OPTIONS — 111.8%** | **PURCHASED OPTIONS — 111.8%** | **PURCHASED OPTIONS — 111.8%** |
|  | **Call Options Purchased — 110.6%** | **Call Options Purchased — 110.6%** | **Call Options Purchased — 110.6%** | **Call Options Purchased — 110.6%** |  |
| 4318 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $278532590 | $5.28 | 04/17/26 | 274417536 |
|  | (Cost $229,380,237) |  |  |  |  |
|  | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** |  |
| 4318 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 278532590 | 526.43 | 04/17/26 | 2944876 |
|  | (Cost $15,030,833) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 277362412 |
|  | (Cost $244,411,070) | (Cost $244,411,070) | (Cost $244,411,070) | (Cost $244,411,070) |  |
| **WRITTEN OPTIONS — (12.5)%** | **WRITTEN OPTIONS — (12.5)%** | **WRITTEN OPTIONS — (12.5)%** | **WRITTEN OPTIONS — (12.5)%** | **WRITTEN OPTIONS — (12.5)%** | **WRITTEN OPTIONS — (12.5)%** |
|  | **Call Options Written — (12.0)%** | **Call Options Written — (12.0)%** | **Call Options Written — (12.0)%** | **Call Options Written — (12.0)%** |  |
| (4318) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (278532590)<br>| 604.23 | 04/17/26 | (29660342)<br>|
|  | (Premiums received $8,322,377) |  |  |  |  |
|  | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** |  |
| (4318) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (278532590)<br>| 447.47 | 04/17/26 | (1334262)<br>|
|  | (Premiums received $6,301,729) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (30994604)<br>|
|  | (Premiums received $14,624,106) | (Premiums received $14,624,106) | (Premiums received $14,624,106) | (Premiums received $14,624,106) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (175215)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $248207580 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $2014987 | &nbsp;&nbsp; $2014987 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 277362412 | &nbsp;&nbsp; — | &nbsp;&nbsp; 277362412 | &nbsp;&nbsp; — |
| Total | $279377399 | &nbsp;&nbsp; $2014987 | &nbsp;&nbsp; $277362412 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(30994604)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(30994604)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Moderate Buffer ETF - May (GMAY)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** |
| 2688450 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $2688450 |
|  | (Cost $2,688,450) |  |
|  | **Total Investments — 0.9%** | 2688450 |
|  | (Cost $2,688,450) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 104.8%** | **PURCHASED OPTIONS — 104.8%** | **PURCHASED OPTIONS — 104.8%** | **PURCHASED OPTIONS — 104.8%** | **PURCHASED OPTIONS — 104.8%** | **PURCHASED OPTIONS — 104.8%** |
|  | **Call Options Purchased — 102.2%** | **Call Options Purchased — 102.2%** | **Call Options Purchased — 102.2%** | **Call Options Purchased — 102.2%** |  |
| 4873 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $314332865 | $5.96 | 05/15/26 | 309635293 |
|  | (Cost $284,027,724) |  |  |  |  |
|  | **Put Options Purchased — 2.6%** | **Put Options Purchased — 2.6%** | **Put Options Purchased — 2.6%** | **Put Options Purchased — 2.6%** |  |
| 4873 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 314332865 | 594.22 | 05/15/26 | 7782181 |
|  | (Cost $16,216,712) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 317417474 |
|  | (Cost $300,244,436) | (Cost $300,244,436) | (Cost $300,244,436) | (Cost $300,244,436) |  |
| **WRITTEN OPTIONS — (5.6)%** | **WRITTEN OPTIONS — (5.6)%** | **WRITTEN OPTIONS — (5.6)%** | **WRITTEN OPTIONS — (5.6)%** | **WRITTEN OPTIONS — (5.6)%** | **WRITTEN OPTIONS — (5.6)%** |
|  | **Call Options Written — (4.6)%** | **Call Options Written — (4.6)%** | **Call Options Written — (4.6)%** | **Call Options Written — (4.6)%** |  |
| (4873) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (314332865)<br>| 667.43 | 05/15/26 | (13839320)<br>|
|  | (Premiums received $6,740,888) |  |  |  |  |
|  | **Put Options Written — (1.0)%** | **Put Options Written — (1.0)%** | **Put Options Written — (1.0)%** | **Put Options Written — (1.0)%** |  |
| (4873) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (314332865)<br>| 505.09 | 05/15/26 | (3123593)<br>|
|  | (Premiums received $6,279,363) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (16962913)<br>|
|  | (Premiums received $13,020,251) | (Premiums received $13,020,251) | (Premiums received $13,020,251) | (Premiums received $13,020,251) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (162316)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $302980695 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $2688450 | &nbsp;&nbsp; $2688450 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 317417474 | &nbsp;&nbsp; — | &nbsp;&nbsp; 317417474 | &nbsp;&nbsp; — |
| Total | $320105924 | &nbsp;&nbsp; $2688450 | &nbsp;&nbsp; $317417474 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(16962913)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(16962913)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Small Cap Moderate Buffer ETF - May (SMAY)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** |
| 917296 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $917296 |
|  | (Cost $917,296) |  |
|  | **Total Investments — 0.9%** | 917296 |
|  | (Cost $917,296) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 106.7%** | **PURCHASED OPTIONS — 106.7%** | **PURCHASED OPTIONS — 106.7%** | **PURCHASED OPTIONS — 106.7%** | **PURCHASED OPTIONS — 106.7%** | **PURCHASED OPTIONS — 106.7%** |
|  | **Call Options Purchased — 103.7%** | **Call Options Purchased — 103.7%** | **Call Options Purchased — 103.7%** | **Call Options Purchased — 103.7%** |  |
| 4479 | iShares Russell 2000 ETF  | $105332643 | $2.10 | 05/15/26 | 103925296 |
|  | (Cost $92,361,860) |  |  |  |  |
|  | **Put Options Purchased — 3.0%** | **Put Options Purchased — 3.0%** | **Put Options Purchased — 3.0%** | **Put Options Purchased — 3.0%** |  |
| 4479 | iShares Russell 2000 ETF  | 105332643 | 209.85 | 05/15/26 | 2927116 |
|  | (Cost $6,630,059) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 106852412 |
|  | (Cost $98,991,919) | (Cost $98,991,919) | (Cost $98,991,919) | (Cost $98,991,919) |  |
| **WRITTEN OPTIONS — (7.5)%** | **WRITTEN OPTIONS — (7.5)%** | **WRITTEN OPTIONS — (7.5)%** | **WRITTEN OPTIONS — (7.5)%** | **WRITTEN OPTIONS — (7.5)%** | **WRITTEN OPTIONS — (7.5)%** |
|  | **Call Options Written — (6.4)%** | **Call Options Written — (6.4)%** | **Call Options Written — (6.4)%** | **Call Options Written — (6.4)%** |  |
| (4479) | iShares Russell 2000 ETF  | (105332643)<br>| 244.48 | 05/15/26 | (6364077)<br>|
|  | (Premiums received $3,332,364) |  |  |  |  |
|  | **Put Options Written — (1.1)%** | **Put Options Written — (1.1)%** | **Put Options Written — (1.1)%** | **Put Options Written — (1.1)%** |  |
| (4479) | iShares Russell 2000 ETF  | (105332643)<br>| 178.37 | 05/15/26 | (1126692)<br>|
|  | (Premiums received $2,626,578) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (7490769)<br>|
|  | (Premiums received $5,958,942) | (Premiums received $5,958,942) | (Premiums received $5,958,942) | (Premiums received $5,958,942) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (73088)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $100205851 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $917296 | &nbsp;&nbsp; $917296 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 106852412 | &nbsp;&nbsp; — | &nbsp;&nbsp; 106852412 | &nbsp;&nbsp; — |
| Total | $107769708 | &nbsp;&nbsp; $917296 | &nbsp;&nbsp; $106852412 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(7490769)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(7490769)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer & Premium Income ETF - June (XIJN)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Maturity**<br>| **Value** |
| **U.S. TREASURY BILLS — 6.2%** | **U.S. TREASURY BILLS — 6.2%** | **U.S. TREASURY BILLS — 6.2%** | **U.S. TREASURY BILLS — 6.2%** |
| $83600 | U.S. Treasury Bill <br> (a) | 09/02/25 | $83600 |
| 83600 | U.S. Treasury Bill <br> (a) | 09/30/25 | 83324 |
| 83600 | U.S. Treasury Bill <br> (a) | 10/30/25 | 83042 |
| 83600 | U.S. Treasury Bill <br> (a) | 11/28/25 | 82783 |
| 83600 | U.S. Treasury Bill <br> (a) | 12/26/25 | 82531 |
| 83600 | U.S. Treasury Bill <br> (a) | 01/22/26 | 82315 |
| 83600 | U.S. Treasury Bill <br> (a) | 02/19/26 | 82079 |
| 83600 | U.S. Treasury Bill <br> (a) | 03/19/26 | 81863 |
| 83600 | U.S. Treasury Bill <br> (a) | 04/16/26 | 81639 |
| 83600 | U.S. Treasury Bill <br> (a) | 05/14/26 | 81406 |
| 83600 | U.S. Treasury Bill <br> (a) | 06/11/26 | 81162 |
|  | **Total U.S. Treasury Bills** | **Total U.S. Treasury Bills** | 905744 |
|  | (Cost $905,142) | (Cost $905,142) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** |
| 74038 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (b) | 74038 |
|  | (Cost $74,038) |  |
|  | **Total Investments — 6.7%** | 979782 |
|  | (Cost $979,180) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 108.8%** | **PURCHASED OPTIONS — 108.8%** | **PURCHASED OPTIONS — 108.8%** | **PURCHASED OPTIONS — 108.8%** | **PURCHASED OPTIONS — 108.8%** | **PURCHASED OPTIONS — 108.8%** |
|  | **Call Options Purchased — 105.9%** | **Call Options Purchased — 105.9%** | **Call Options Purchased — 105.9%** | **Call Options Purchased — 105.9%** |  |
| 244 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $15739220 | $0.06 | 06/18/26 | 15619406 |
|  | (Cost $14,818,132) |  |  |  |  |
|  | **Put Options Purchased — 2.9%** | **Put Options Purchased — 2.9%** | **Put Options Purchased — 2.9%** | **Put Options Purchased — 2.9%** |  |
| 244 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 15739220 | 594.27 | 06/18/26 | 429638 |
|  | (Cost $677,525) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 16049044 |
|  | (Cost $15,495,657) | (Cost $15,495,657) | (Cost $15,495,657) | (Cost $15,495,657) |  |
| **WRITTEN OPTIONS — (15.4)%** | **WRITTEN OPTIONS — (15.4)%** | **WRITTEN OPTIONS — (15.4)%** | **WRITTEN OPTIONS — (15.4)%** | **WRITTEN OPTIONS — (15.4)%** | **WRITTEN OPTIONS — (15.4)%** |
|  | **Call Options Written — (13.8)%** | **Call Options Written — (13.8)%** | **Call Options Written — (13.8)%** | **Call Options Written — (13.8)%** |  |
| (244) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (15739220)<br>| 594.27 | 06/18/26 | (2027625)<br>|
|  | (Premiums received $1,561,451) |  |  |  |  |
|  | **Put Options Written — (1.6)%** | **Put Options Written — (1.6)%** | **Put Options Written — (1.6)%** | **Put Options Written — (1.6)%** |  |
| (244) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (15739220)<br>| 534.84 | 06/18/26 | (241955)<br>|
|  | (Premiums received $389,925) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (2269580)<br>|
|  | (Premiums received $1,951,376) | (Premiums received $1,951,376) | (Premiums received $1,951,376) | (Premiums received $1,951,376) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (8956)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $14750290 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Zero
 coupon security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Rate
 shown reflects yield as of August 31, 2025.

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer & Premium Income ETF - June (XIJN)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| U.S. Treasury Bills | $905744 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $905744 | &nbsp;&nbsp; $— |
| Money Market Funds | 74038 | &nbsp;&nbsp; 74038 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | 979782 | &nbsp;&nbsp; 74038 | &nbsp;&nbsp; 905744 | &nbsp;&nbsp; — |
| Purchased Options | 16049044 | &nbsp;&nbsp; — | &nbsp;&nbsp; 16049044 | &nbsp;&nbsp; — |
| Total | $17028826 | &nbsp;&nbsp; $74038 | &nbsp;&nbsp; $16954788 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(2269580)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(2269580)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Moderate Buffer ETF - June (GJUN)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.0%** | **MONEY MARKET FUNDS — 1.0%** | **MONEY MARKET FUNDS — 1.0%** |
| 3308848 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $3308848 |
|  | (Cost $3,308,848) |  |
|  | **Total Investments — 1.0%** | 3308848 |
|  | (Cost $3,308,848) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 105.3%** | **PURCHASED OPTIONS — 105.3%** | **PURCHASED OPTIONS — 105.3%** | **PURCHASED OPTIONS — 105.3%** | **PURCHASED OPTIONS — 105.3%** | **PURCHASED OPTIONS — 105.3%** |
|  | **Call Options Purchased — 102.5%** | **Call Options Purchased — 102.5%** | **Call Options Purchased — 102.5%** | **Call Options Purchased — 102.5%** |  |
| 5476 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $353229380 | $5.96 | 06/18/26 | 347416387 |
|  | (Cost $321,450,422) |  |  |  |  |
|  | **Put Options Purchased — 2.8%** | **Put Options Purchased — 2.8%** | **Put Options Purchased — 2.8%** | **Put Options Purchased — 2.8%** |  |
| 5476 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 353229380 | 594.30 | 06/18/26 | 9644988 |
|  | (Cost $18,006,037) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 357061375 |
|  | (Cost $339,456,459) | (Cost $339,456,459) | (Cost $339,456,459) | (Cost $339,456,459) |  |
| **WRITTEN OPTIONS — (6.2)%** | **WRITTEN OPTIONS — (6.2)%** | **WRITTEN OPTIONS — (6.2)%** | **WRITTEN OPTIONS — (6.2)%** | **WRITTEN OPTIONS — (6.2)%** | **WRITTEN OPTIONS — (6.2)%** |
|  | **Call Options Written — (5.0)%** | **Call Options Written — (5.0)%** | **Call Options Written — (5.0)%** | **Call Options Written — (5.0)%** |  |
| (5476) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (353229380)<br>| 667.81 | 06/18/26 | (17050402)<br>|
|  | (Premiums received $8,074,086) |  |  |  |  |
|  | **Put Options Written — (1.2)%** | **Put Options Written — (1.2)%** | **Put Options Written — (1.2)%** | **Put Options Written — (1.2)%** |  |
| (5476) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (353229380)<br>| 505.16 | 06/18/26 | (4073049)<br>|
|  | (Premiums received $7,631,509) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (21123451)<br>|
|  | (Premiums received $15,705,595) | (Premiums received $15,705,595) | (Premiums received $15,705,595) | (Premiums received $15,705,595) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (235558)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $339011214 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $3308848 | &nbsp;&nbsp; $3308848 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 357061375 | &nbsp;&nbsp; — | &nbsp;&nbsp; 357061375 | &nbsp;&nbsp; — |
| Total | $360370223 | &nbsp;&nbsp; $3308848 | &nbsp;&nbsp; $357061375 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(21123451)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(21123451)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Moderate Buffer ETF - July (GJUL)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.0%** | **MONEY MARKET FUNDS — 1.0%** | **MONEY MARKET FUNDS — 1.0%** |
| 6367741 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $6367741 |
|  | (Cost $6,367,741) |  |
|  | **Total Investments — 1.0%** | 6367741 |
|  | (Cost $6,367,741) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 103.4%** | **PURCHASED OPTIONS — 103.4%** | **PURCHASED OPTIONS — 103.4%** | **PURCHASED OPTIONS — 103.4%** | **PURCHASED OPTIONS — 103.4%** | **PURCHASED OPTIONS — 103.4%** |
|  | **Call Options Purchased — 99.4%** | **Call Options Purchased — 99.4%** | **Call Options Purchased — 99.4%** | **Call Options Purchased — 99.4%** |  |
| 9470 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $610862350 | $6.30 | 07/17/26 | 600655205 |
|  | (Cost $583,834,518) |  |  |  |  |
|  | **Put Options Purchased — 4.0%** | **Put Options Purchased — 4.0%** | **Put Options Purchased — 4.0%** | **Put Options Purchased — 4.0%** |  |
| 9470 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 610862350 | 627.60 | 07/17/26 | 24243200 |
|  | (Cost $31,394,483) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 624898405 |
|  | (Cost $615,229,001) | (Cost $615,229,001) | (Cost $615,229,001) | (Cost $615,229,001) |  |
| **WRITTEN OPTIONS — (4.3)%** | **WRITTEN OPTIONS — (4.3)%** | **WRITTEN OPTIONS — (4.3)%** | **WRITTEN OPTIONS — (4.3)%** | **WRITTEN OPTIONS — (4.3)%** | **WRITTEN OPTIONS — (4.3)%** |
|  | **Call Options Written — (2.7)%** | **Call Options Written — (2.7)%** | **Call Options Written — (2.7)%** | **Call Options Written — (2.7)%** |  |
| (9470) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (610862350)<br>| 703.16 | 07/17/26 | (16179116)<br>|
|  | (Premiums received $13,191,404) |  |  |  |  |
|  | **Put Options Written — (1.6)%** | **Put Options Written — (1.6)%** | **Put Options Written — (1.6)%** | **Put Options Written — (1.6)%** |  |
| (9470) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (610862350)<br>| 533.46 | 07/17/26 | (10063864)<br>|
|  | (Premiums received $13,207,704) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (26242980)<br>|
|  | (Premiums received $26,399,108) | (Premiums received $26,399,108) | (Premiums received $26,399,108) | (Premiums received $26,399,108) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (411225)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $604611941 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $6367741 | &nbsp;&nbsp; $6367741 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 624898405 | &nbsp;&nbsp; — | &nbsp;&nbsp; 624898405 | &nbsp;&nbsp; — |
| Total | $631266146 | &nbsp;&nbsp; $6367741 | &nbsp;&nbsp; $624898405 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(26242980)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(26242980)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Moderate Buffer ETF - August (GAUG)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** | **MONEY MARKET FUNDS — 1.1%** |
| 3392345 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $3392345 |
|  | (Cost $3,392,345) |  |
|  | **Total Investments — 1.1%** | 3392345 |
|  | (Cost $3,392,345) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 103.2%** | **PURCHASED OPTIONS — 103.2%** | **PURCHASED OPTIONS — 103.2%** | **PURCHASED OPTIONS — 103.2%** | **PURCHASED OPTIONS — 103.2%** | **PURCHASED OPTIONS — 103.2%** |
|  | **Call Options Purchased — 98.2%** | **Call Options Purchased — 98.2%** | **Call Options Purchased — 98.2%** | **Call Options Purchased — 98.2%** |  |
| 4701 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $303238005 | $6.45 | 08/21/26 | 297911772 |
|  | (Cost $296,210,881) |  |  |  |  |
|  | **Put Options Purchased — 5.0%** | **Put Options Purchased — 5.0%** | **Put Options Purchased — 5.0%** | **Put Options Purchased — 5.0%** |  |
| 4701 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 303238005 | 643.46 | 08/21/26 | 15090210 |
|  | (Cost $15,904,244) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 313001982 |
|  | (Cost $312,115,125) | (Cost $312,115,125) | (Cost $312,115,125) | (Cost $312,115,125) |  |
| **WRITTEN OPTIONS — (4.3)%** | **WRITTEN OPTIONS — (4.3)%** | **WRITTEN OPTIONS — (4.3)%** | **WRITTEN OPTIONS — (4.3)%** | **WRITTEN OPTIONS — (4.3)%** | **WRITTEN OPTIONS — (4.3)%** |
|  | **Call Options Written — (2.2)%** | **Call Options Written — (2.2)%** | **Call Options Written — (2.2)%** | **Call Options Written — (2.2)%** |  |
| (4701) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (303238005)<br>| 719.97 | 08/21/26 | (6661317)<br>|
|  | (Premiums received $6,210,252) |  |  |  |  |
|  | **Put Options Written — (2.1)%** | **Put Options Written — (2.1)%** | **Put Options Written — (2.1)%** | **Put Options Written — (2.1)%** |  |
| (4701) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (303238005)<br>| 546.94 | 08/21/26 | (6289938)<br>|
|  | (Premiums received $6,697,976) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (12951255)<br>|
|  | (Premiums received $12,908,228) | (Premiums received $12,908,228) | (Premiums received $12,908,228) | (Premiums received $12,908,228) |  |
|  | **Net Other Assets and Liabilities — (0.0)%** | **Net Other Assets and Liabilities — (0.0)%** | **Net Other Assets and Liabilities — (0.0)%** | **Net Other Assets and Liabilities — (0.0)%** | (149020)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $303294052 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $3392345 | &nbsp;&nbsp; $3392345 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 313001982 | &nbsp;&nbsp; — | &nbsp;&nbsp; 313001982 | &nbsp;&nbsp; — |
| Total | $316394327 | &nbsp;&nbsp; $3392345 | &nbsp;&nbsp; $313001982 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(12951255)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(12951255)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Small Cap Moderate Buffer ETF - August (SAUG)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.2%** | **MONEY MARKET FUNDS — 1.2%** | **MONEY MARKET FUNDS — 1.2%** |
| 1149472 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $1149472 |
|  | (Cost $1,149,472) |  |
|  | **Total Investments — 1.2%** | 1149472 |
|  | (Cost $1,149,472) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 105.4%** | **PURCHASED OPTIONS — 105.4%** | **PURCHASED OPTIONS — 105.4%** | **PURCHASED OPTIONS — 105.4%** | **PURCHASED OPTIONS — 105.4%** | **PURCHASED OPTIONS — 105.4%** |
|  | **Call Options Purchased — 99.8%** | **Call Options Purchased — 99.8%** | **Call Options Purchased — 99.8%** | **Call Options Purchased — 99.8%** |  |
| 4259 | iShares Russell 2000 ETF  | $100158903 | $2.27 | 08/21/26 | 98631540 |
|  | (Cost $94,510,321) |  |  |  |  |
|  | **Put Options Purchased — 5.6%** | **Put Options Purchased — 5.6%** | **Put Options Purchased — 5.6%** | **Put Options Purchased — 5.6%** |  |
| 4259 | iShares Russell 2000 ETF  | 100158903 | 227.13 | 08/21/26 | 5575287 |
|  | (Cost $6,936,048) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 104206827 |
|  | (Cost $101,446,369) | (Cost $101,446,369) | (Cost $101,446,369) | (Cost $101,446,369) |  |
| **WRITTEN OPTIONS — (6.5)%** | **WRITTEN OPTIONS — (6.5)%** | **WRITTEN OPTIONS — (6.5)%** | **WRITTEN OPTIONS — (6.5)%** | **WRITTEN OPTIONS — (6.5)%** | **WRITTEN OPTIONS — (6.5)%** |
|  | **Call Options Written — (4.2)%** | **Call Options Written — (4.2)%** | **Call Options Written — (4.2)%** | **Call Options Written — (4.2)%** |  |
| (4259) | iShares Russell 2000 ETF  | (100158903)<br>| 265.47 | 08/21/26 | (4166537)<br>|
|  | (Premiums received $2,980,780) |  |  |  |  |
|  | **Put Options Written — (2.3)%** | **Put Options Written — (2.3)%** | **Put Options Written — (2.3)%** | **Put Options Written — (2.3)%** |  |
| (4259) | iShares Russell 2000 ETF  | (100158903)<br>| 193.06 | 08/21/26 | (2261146)<br>|
|  | (Premiums received $2,788,448) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (6427683)<br>|
|  | (Premiums received $5,769,228) | (Premiums received $5,769,228) | (Premiums received $5,769,228) | (Premiums received $5,769,228) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (74005)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $98854611 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $1149472 | &nbsp;&nbsp; $1149472 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 104206827 | &nbsp;&nbsp; — | &nbsp;&nbsp; 104206827 | &nbsp;&nbsp; — |
| Total | $105356299 | &nbsp;&nbsp; $1149472 | &nbsp;&nbsp; $104206827 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(6427683)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(6427683)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer & Premium Income ETF - September (XISE)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Maturity**<br>| **Value** |
| **U.S. TREASURY BILLS — 0.5%** | **U.S. TREASURY BILLS — 0.5%** | **U.S. TREASURY BILLS — 0.5%** | **U.S. TREASURY BILLS — 0.5%** |
| $277900 | U.S. Treasury Bill <br> (a) | 09/04/25 | $277835 |
|  | (Cost $277,811) |  |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** |
| 381871 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (b) | 381871 |
|  | (Cost $381,871) |  |
|  | **Total Investments — 1.1%** | 659706 |
|  | (Cost $659,682) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 112.4%** | **PURCHASED OPTIONS — 112.4%** | **PURCHASED OPTIONS — 112.4%** | **PURCHASED OPTIONS — 112.4%** | **PURCHASED OPTIONS — 112.4%** | **PURCHASED OPTIONS — 112.4%** |
|  | **Call Options Purchased — 112.3%** | **Call Options Purchased — 112.3%** | **Call Options Purchased — 112.3%** | **Call Options Purchased — 112.3%** |  |
| 1009 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $65085545 | $0.06 | 09/19/25 | 64897366 |
|  | (Cost $56,317,886) |  |  |  |  |
|  | **Put Options Purchased — 0.1%** | **Put Options Purchased — 0.1%** | **Put Options Purchased — 0.1%** | **Put Options Purchased — 0.1%** |  |
| 1009 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 65085545 | 568.24 | 09/19/25 | 42237 |
|  | (Cost $2,863,085) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 64939603 |
|  | (Cost $59,180,971) | (Cost $59,180,971) | (Cost $59,180,971) | (Cost $59,180,971) |  |
| **WRITTEN OPTIONS — (13.4)%** | **WRITTEN OPTIONS — (13.4)%** | **WRITTEN OPTIONS — (13.4)%** | **WRITTEN OPTIONS — (13.4)%** | **WRITTEN OPTIONS — (13.4)%** | **WRITTEN OPTIONS — (13.4)%** |
|  | **Call Options Written — (13.4)%** | **Call Options Written — (13.4)%** | **Call Options Written — (13.4)%** | **Call Options Written — (13.4)%** |  |
| (1009) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (65085545)<br>| 568.24 | 09/19/25 | (7756435)<br>|
|  | (Premiums received $4,091,838) |  |  |  |  |
|  | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** |  |
| (1009) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (65085545)<br>| 511.42 | 09/19/25 | (18969)<br>|
|  | (Premiums received $1,524,005) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (7775404)<br>|
|  | (Premiums received $5,615,843) | (Premiums received $5,615,843) | (Premiums received $5,615,843) | (Premiums received $5,615,843) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (40445)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $57783460 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Zero
 coupon security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Rate
 shown reflects yield as of August 31, 2025.

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer & Premium Income ETF - September (XISE)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| U.S. Treasury Bills | $277835 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $277835 | &nbsp;&nbsp; $— |
| Money Market Funds | 381871 | &nbsp;&nbsp; 381871 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | 659706 | &nbsp;&nbsp; 381871 | &nbsp;&nbsp; 277835 | &nbsp;&nbsp; — |
| Purchased Options | 64939603 | &nbsp;&nbsp; — | &nbsp;&nbsp; 64939603 | &nbsp;&nbsp; — |
| Total | $65599309 | &nbsp;&nbsp; $381871 | &nbsp;&nbsp; $65217438 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(7775404)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(7775404)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Moderate Buffer ETF - September (GSEP)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** |
| 672139 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $672139 |
|  | (Cost $672,139) |  |
|  | **Total Investments — 0.3%** | 672139 |
|  | (Cost $672,139) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 102.4%** | **PURCHASED OPTIONS — 102.4%** | **PURCHASED OPTIONS — 102.4%** | **PURCHASED OPTIONS — 102.4%** | **PURCHASED OPTIONS — 102.4%** | **PURCHASED OPTIONS — 102.4%** |
|  | **Call Options Purchased — 102.3%** | **Call Options Purchased — 102.3%** | **Call Options Purchased — 102.3%** | **Call Options Purchased — 102.3%** |  |
| 3250 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $209641250 | $5.70 | 09/19/25 | 207208073 |
|  | (Cost $182,079,666) |  |  |  |  |
|  | **Put Options Purchased — 0.1%** | **Put Options Purchased — 0.1%** | **Put Options Purchased — 0.1%** | **Put Options Purchased — 0.1%** |  |
| 3250 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 209641250 | 568.27 | 09/19/25 | 136110 |
|  | (Cost $9,272,094) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 207344183 |
|  | (Cost $191,351,760) | (Cost $191,351,760) | (Cost $191,351,760) | (Cost $191,351,760) |  |
| **WRITTEN OPTIONS — (2.6)%** | **WRITTEN OPTIONS — (2.6)%** | **WRITTEN OPTIONS — (2.6)%** | **WRITTEN OPTIONS — (2.6)%** | **WRITTEN OPTIONS — (2.6)%** | **WRITTEN OPTIONS — (2.6)%** |
|  | **Call Options Written — (2.6)%** | **Call Options Written — (2.6)%** | **Call Options Written — (2.6)%** | **Call Options Written — (2.6)%** |  |
| (3250) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (209641250)<br>| 632.48 | 09/19/25 | (5253365)<br>|
|  | (Premiums received $2,369,136) |  |  |  |  |
|  | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** | **Put Options Written — (0.0)%** |  |
| (3250) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (209641250)<br>| 483.03 | 09/19/25 | (40300)<br>|
|  | (Premiums received $3,686,321) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (5293665)<br>|
|  | (Premiums received $6,055,457) | (Premiums received $6,055,457) | (Premiums received $6,055,457) | (Premiums received $6,055,457) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (143762)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $202578895 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $672139 | &nbsp;&nbsp; $672139 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 207344183 | &nbsp;&nbsp; — | &nbsp;&nbsp; 207344183 | &nbsp;&nbsp; — |
| Total | $208016322 | &nbsp;&nbsp; $672139 | &nbsp;&nbsp; $207344183 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(5293665)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(5293665)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Moderate Buffer ETF - October (GOCT)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** |
| 924817 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $924817 |
|  | (Cost $924,817) |  |
|  | **Total Investments — 0.4%** | 924817 |
|  | (Cost $924,817) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 101.1%** | **PURCHASED OPTIONS — 101.1%** | **PURCHASED OPTIONS — 101.1%** | **PURCHASED OPTIONS — 101.1%** | **PURCHASED OPTIONS — 101.1%** | **PURCHASED OPTIONS — 101.1%** |
|  | **Call Options Purchased — 100.7%** | **Call Options Purchased — 100.7%** | **Call Options Purchased — 100.7%** | **Call Options Purchased — 100.7%** |  |
| 3465 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $223509825 | $5.87 | 10/17/25 | 220866030 |
|  | (Cost $199,566,386) |  |  |  |  |
|  | **Put Options Purchased — 0.4%** | **Put Options Purchased — 0.4%** | **Put Options Purchased — 0.4%** | **Put Options Purchased — 0.4%** |  |
| 3465 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 223509825 | 584.61 | 10/17/25 | 762300 |
|  | (Cost $10,253,969) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 221628330 |
|  | (Cost $209,820,355) | (Cost $209,820,355) | (Cost $209,820,355) | (Cost $209,820,355) |  |
| **WRITTEN OPTIONS — (1.4)%** | **WRITTEN OPTIONS — (1.4)%** | **WRITTEN OPTIONS — (1.4)%** | **WRITTEN OPTIONS — (1.4)%** | **WRITTEN OPTIONS — (1.4)%** | **WRITTEN OPTIONS — (1.4)%** |
|  | **Call Options Written — (1.3)%** | **Call Options Written — (1.3)%** | **Call Options Written — (1.3)%** | **Call Options Written — (1.3)%** |  |
| (3465) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (223509825)<br>| 652.77 | 10/17/25 | (2983365)<br>|
|  | (Premiums received $3,249,379) |  |  |  |  |
|  | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** | **Put Options Written — (0.1)%** |  |
| (3465) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (223509825)<br>| 496.92 | 10/17/25 | (190575)<br>|
|  | (Premiums received $3,530,836) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (3173940)<br>|
|  | (Premiums received $6,780,215) | (Premiums received $6,780,215) | (Premiums received $6,780,215) | (Premiums received $6,780,215) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (150816)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $219228391 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $924817 | &nbsp;&nbsp; $924817 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 221628330 | &nbsp;&nbsp; — | &nbsp;&nbsp; 221628330 | &nbsp;&nbsp; — |
| Total | $222553147 | &nbsp;&nbsp; $924817 | &nbsp;&nbsp; $221628330 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(3173940)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(3173940)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Moderate Buffer ETF - November (GNOV)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** |
| 1224691 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $1224691 |
|  | (Cost $1,224,691) |  |
|  | **Total Investments — 0.5%** | 1224691 |
|  | (Cost $1,224,691) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 101.8%** | **PURCHASED OPTIONS — 101.8%** | **PURCHASED OPTIONS — 101.8%** | **PURCHASED OPTIONS — 101.8%** | **PURCHASED OPTIONS — 101.8%** | **PURCHASED OPTIONS — 101.8%** |
|  | **Call Options Purchased — 101.0%** | **Call Options Purchased — 101.0%** | **Call Options Purchased — 101.0%** | **Call Options Purchased — 101.0%** |  |
| 3934 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $253762670 | $5.88 | 11/21/25 | 250792500 |
|  | (Cost $227,781,937) |  |  |  |  |
|  | **Put Options Purchased — 0.8%** | **Put Options Purchased — 0.8%** | **Put Options Purchased — 0.8%** | **Put Options Purchased — 0.8%** |  |
| 3934 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 253762670 | 585.77 | 11/21/25 | 1896188 |
|  | (Cost $10,937,996) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 252688688 |
|  | (Cost $238,719,933) | (Cost $238,719,933) | (Cost $238,719,933) | (Cost $238,719,933) |  |
| **WRITTEN OPTIONS — (2.2)%** | **WRITTEN OPTIONS — (2.2)%** | **WRITTEN OPTIONS — (2.2)%** | **WRITTEN OPTIONS — (2.2)%** | **WRITTEN OPTIONS — (2.2)%** | **WRITTEN OPTIONS — (2.2)%** |
|  | **Call Options Written — (2.0)%** | **Call Options Written — (2.0)%** | **Call Options Written — (2.0)%** | **Call Options Written — (2.0)%** |  |
| (3934) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (253762670)<br>| 656.76 | 11/21/25 | (4889962)<br>|
|  | (Premiums received $4,429,106) |  |  |  |  |
|  | **Put Options Written — (0.2)%** | **Put Options Written — (0.2)%** | **Put Options Written — (0.2)%** | **Put Options Written — (0.2)%** |  |
| (3934) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (253762670)<br>| 497.91 | 11/21/25 | (538958)<br>|
|  | (Premiums received $3,966,490) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (5428920)<br>|
|  | (Premiums received $8,395,596) | (Premiums received $8,395,596) | (Premiums received $8,395,596) | (Premiums received $8,395,596) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (236835)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $248247624 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $1224691 | &nbsp;&nbsp; $1224691 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 252688688 | &nbsp;&nbsp; — | &nbsp;&nbsp; 252688688 | &nbsp;&nbsp; — |
| Total | $253913379 | &nbsp;&nbsp; $1224691 | &nbsp;&nbsp; $252688688 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(5428920)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(5428920)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** |
| 681005 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $681005 |
|  | (Cost $681,005) |  |
|  | **Total Investments — 0.5%** | 681005 |
|  | (Cost $681,005) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 100.5%** | **PURCHASED OPTIONS — 100.5%** | **PURCHASED OPTIONS — 100.5%** | **PURCHASED OPTIONS — 100.5%** | **PURCHASED OPTIONS — 100.5%** | **PURCHASED OPTIONS — 100.5%** |
|  | **Call Options Purchased — 98.0%** | **Call Options Purchased — 98.0%** | **Call Options Purchased — 98.0%** | **Call Options Purchased — 98.0%** |  |
| 5525 | iShares Russell 2000 ETF  | $129931425 | $2.28 | 11/21/25 | 128353485 |
|  | (Cost $123,866,303) |  |  |  |  |
|  | **Put Options Purchased — 2.5%** | **Put Options Purchased — 2.5%** | **Put Options Purchased — 2.5%** | **Put Options Purchased — 2.5%** |  |
| 5525 | iShares Russell 2000 ETF  | 129931425 | 228.48 | 11/21/25 | 3294447 |
|  | (Cost $8,725,476) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 131647932 |
|  | (Cost $132,591,779) | (Cost $132,591,779) | (Cost $132,591,779) | (Cost $132,591,779) |  |
| **WRITTEN OPTIONS — (0.9)%** | **WRITTEN OPTIONS — (0.9)%** | **WRITTEN OPTIONS — (0.9)%** | **WRITTEN OPTIONS — (0.9)%** | **WRITTEN OPTIONS — (0.9)%** | **WRITTEN OPTIONS — (0.9)%** |
|  | **Call Options Written — (0.5)%** | **Call Options Written — (0.5)%** | **Call Options Written — (0.5)%** | **Call Options Written — (0.5)%** |  |
| (5525) | iShares Russell 2000 ETF  | (129931425)<br>| 266.45 | 11/21/25 | (670956)<br>|
|  | (Premiums received $2,067,620) |  |  |  |  |
|  | **Put Options Written — (0.4)%** | **Put Options Written — (0.4)%** | **Put Options Written — (0.4)%** | **Put Options Written — (0.4)%** |  |
| (5525) | iShares Russell 2000 ETF  | (129931425)<br>| 194.21 | 11/21/25 | (594490)<br>|
|  | (Premiums received $2,425,975) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (1265446)<br>|
|  | (Premiums received $4,493,595) | (Premiums received $4,493,595) | (Premiums received $4,493,595) | (Premiums received $4,493,595) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (95299)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $130968192 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $681005 | &nbsp;&nbsp; $681005 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 131647932 | &nbsp;&nbsp; — | &nbsp;&nbsp; 131647932 | &nbsp;&nbsp; — |
| Total | $132328937 | &nbsp;&nbsp; $681005 | &nbsp;&nbsp; $131647932 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(1265446)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(1265446)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer & Premium Income ETF - December (XIDE)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Maturity**<br>| **Value** |
| **U.S. TREASURY BILLS — 2.1%** | **U.S. TREASURY BILLS — 2.1%** | **U.S. TREASURY BILLS — 2.1%** | **U.S. TREASURY BILLS — 2.1%** |
| $116000 | U.S. Treasury Bill <br> (a) | 09/04/25 | $115973 |
| 116000 | U.S. Treasury Bill <br> (a) | 10/30/25 | 115225 |
| 232000 | U.S. Treasury Bill <br> (a) | 11/28/25 | 229733 |
|  | **Total U.S. Treasury Bills** | **Total U.S. Treasury Bills** | 460931 |
|  | (Cost $460,788) | (Cost $460,788) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** |
| 191528 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (b) | 191528 |
|  | (Cost $191,528) |  |
|  | **Total Investments — 3.0%** | 652459 |
|  | (Cost $652,316) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 108.6%** | **PURCHASED OPTIONS — 108.6%** | **PURCHASED OPTIONS — 108.6%** | **PURCHASED OPTIONS — 108.6%** | **PURCHASED OPTIONS — 108.6%** | **PURCHASED OPTIONS — 108.6%** |
|  | **Call Options Purchased — 107.4%** | **Call Options Purchased — 107.4%** | **Call Options Purchased — 107.4%** | **Call Options Purchased — 107.4%** |  |
| 369 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $23802345 | $0.06 | 12/19/25 | 23669457 |
|  | (Cost $21,576,894) |  |  |  |  |
|  | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** |  |
| 369 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 23802345 | 591.14 | 12/19/25 | 270060 |
|  | (Cost $1,102,763) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 23939517 |
|  | (Cost $22,679,657) | (Cost $22,679,657) | (Cost $22,679,657) | (Cost $22,679,657) |  |
| **WRITTEN OPTIONS — (11.5)%** | **WRITTEN OPTIONS — (11.5)%** | **WRITTEN OPTIONS — (11.5)%** | **WRITTEN OPTIONS — (11.5)%** | **WRITTEN OPTIONS — (11.5)%** | **WRITTEN OPTIONS — (11.5)%** |
|  | **Call Options Written — (11.0)%** | **Call Options Written — (11.0)%** | **Call Options Written — (11.0)%** | **Call Options Written — (11.0)%** |  |
| (369) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (23802345)<br>| 591.14 | 12/19/25 | (2422573)<br>|
|  | (Premiums received $1,801,355) |  |  |  |  |
|  | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** | **Put Options Written — (0.5)%** |  |
| (369) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (23802345)<br>| 532.03 | 12/19/25 | (117833)<br>|
|  | (Premiums received $611,123) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (2540406)<br>|
|  | (Premiums received $2,412,478) | (Premiums received $2,412,478) | (Premiums received $2,412,478) | (Premiums received $2,412,478) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (15021)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $22036549 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Zero
 coupon security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Rate
 shown reflects yield as of August 31, 2025.

See Notes to Financial Statements

------

**FT Vest U.S. Equity Buffer & Premium Income ETF - December (XIDE)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| U.S. Treasury Bills | $460931 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $460931 | &nbsp;&nbsp; $— |
| Money Market Funds | 191528 | &nbsp;&nbsp; 191528 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | 652459 | &nbsp;&nbsp; 191528 | &nbsp;&nbsp; 460931 | &nbsp;&nbsp; — |
| Purchased Options | 23939517 | &nbsp;&nbsp; — | &nbsp;&nbsp; 23939517 | &nbsp;&nbsp; — |
| Total | $24591976 | &nbsp;&nbsp; $191528 | &nbsp;&nbsp; $24400448 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(2540406)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(2540406)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest U.S. Equity Moderate Buffer ETF - December (GDEC)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** | **MONEY MARKET FUNDS — 0.6%** |
| 1601948 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (a) | $1601948 |
|  | (Cost $1,601,948) |  |
|  | **Total Investments — 0.6%** | 1601948 |
|  | (Cost $1,601,948) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of** <br>**Contracts**<br>| **Description** | **Notional** <br>**Amount**<br>| **Exercise** <br>**Price**<br>| **Expiration** <br>**Date**<br>| **Value** |
| **PURCHASED OPTIONS — 101.8%** | **PURCHASED OPTIONS — 101.8%** | **PURCHASED OPTIONS — 101.8%** | **PURCHASED OPTIONS — 101.8%** | **PURCHASED OPTIONS — 101.8%** | **PURCHASED OPTIONS — 101.8%** |
|  | **Call Options Purchased — 100.6%** | **Call Options Purchased — 100.6%** | **Call Options Purchased — 100.6%** | **Call Options Purchased — 100.6%** |  |
| 4545 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | $293175225 | $5.93 | 12/19/25 | 288910242 |
|  | (Cost $265,247,844) |  |  |  |  |
|  | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** | **Put Options Purchased — 1.2%** |  |
| 4545 | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | 293175225 | 591.17 | 12/19/25 | 3327849 |
|  | (Cost $13,497,275) |  |  |  |  |
|  | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | **Total Purchased Options** | 292238091 |
|  | (Cost $278,745,119) | (Cost $278,745,119) | (Cost $278,745,119) | (Cost $278,745,119) |  |
| **WRITTEN OPTIONS — (2.3)%** | **WRITTEN OPTIONS — (2.3)%** | **WRITTEN OPTIONS — (2.3)%** | **WRITTEN OPTIONS — (2.3)%** | **WRITTEN OPTIONS — (2.3)%** | **WRITTEN OPTIONS — (2.3)%** |
|  | **Call Options Written — (1.9)%** | **Call Options Written — (1.9)%** | **Call Options Written — (1.9)%** | **Call Options Written — (1.9)%** |  |
| (4545) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (293175225)<br>| 663.94 | 12/19/25 | (5417049)<br>|
|  | (Premiums received $4,679,908) |  |  |  |  |
|  | **Put Options Written — (0.4)%** | **Put Options Written — (0.4)%** | **Put Options Written — (0.4)%** | **Put Options Written — (0.4)%** |  |
| (4545) | SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust  | (293175225)<br>| 502.50 | 12/19/25 | (1021807)<br>|
|  | (Premiums received $4,850,042) |  |  |  |  |
|  | **Total Written Options** | **Total Written Options** | **Total Written Options** | **Total Written Options** | (6438856)<br>|
|  | (Premiums received $9,529,950) | (Premiums received $9,529,950) | (Premiums received $9,529,950) | (Premiums received $9,529,950) |  |
|  | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | **Net Other Assets and Liabilities — (0.1)%** | (252221)<br>|
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $287148962 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Money Market Funds | $1601948 | &nbsp;&nbsp; $1601948 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Purchased Options | 292238091 | &nbsp;&nbsp; — | &nbsp;&nbsp; 292238091 | &nbsp;&nbsp; — |
| Total | $293840039 | &nbsp;&nbsp; $1601948 | &nbsp;&nbsp; $292238091 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Written Options | $(6438856)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(6438856)<br>| &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**FT Vest Laddered Moderate Buffer ETF (BUFZ)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** |
|  | **Capital Markets (a) — 100.0%** |  |
| 1265521 | FT Vest U.S. Equity Moderate <br> Buffer ETF - January (b) | $51962292 |
| 1299324 | FT Vest U.S. Equity Moderate <br> Buffer ETF - February (b) | 51895001 |
| 1304915 | FT Vest U.S. Equity Moderate <br> Buffer ETF - March (b) | 51831224 |
| 1330514 | FT Vest U.S. Equity Moderate <br> Buffer ETF - April (b) | 51809949 |
| 1299976 | FT Vest U.S. Equity Moderate <br> Buffer ETF - May (b) | 51950421 |
| 1351434 | FT Vest U.S. Equity Moderate <br> Buffer ETF - June (b) | 51895066 |
| 1300739 | FT Vest U.S. Equity Moderate <br> Buffer ETF - July (b) | 51925501 |
| 1369205 | FT Vest U.S. Equity Moderate <br> Buffer ETF - August (b) | 51961330 |
| 1378166 | FT Vest U.S. Equity Moderate <br> Buffer ETF - September (b) | 51901731 |
| 1381860 | FT Vest U.S. Equity Moderate <br> Buffer ETF - October (b) | 51969958 |
| 1387068 | FT Vest U.S. Equity Moderate <br> Buffer ETF - November (b) | 51973438 |
| 1438939 | FT Vest U.S. Equity Moderate <br> Buffer ETF - December (b) | 51960087 |
|  | **Total Exchange-Traded Funds** | 623035998 |
|  | (Cost $582,764,788) |  |
| **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** |
| 18067 | Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.18% (c) | 18067 |
|  | (Cost $18,067) |  |
|  | **Total Investments — 100.0%** | 623054065 |
|  | (Cost $582,782,855) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (52286)<br>|
|  | **Net Assets — 100.0%** | $623001779 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents
 investments in affiliated funds.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Exchange-Traded <br> Funds\*<br>| $623035998 | $623035998 | $— | $— |
| Money Market Funds | 18067 | 18067 |  |  |
| Total Investments | $623054065 | $623054065 | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**FT Vest Laddered Small Cap Moderate Buffer ETF (BUFS)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** | **EXCHANGE-TRADED FUNDS — 100.0%** |
|  | **Capital Markets (a) — 100.0%** |  |
| 1034772 | FT Vest U.S. Small Cap <br> Moderate Buffer ETF - <br> February (b) | $23209936 |
| 923519 | FT Vest U.S. Small Cap <br> Moderate Buffer ETF - <br> May (b) | 23067196 |
| 939611 | FT Vest U.S. Small Cap <br> Moderate Buffer ETF - <br> August (b) | 23152015 |
| 957306 | FT Vest U.S. Small Cap <br> Moderate Buffer ETF - <br> November (b) | 23243389 |
|  | **Total Exchange-Traded Funds** | 92672536 |
|  | (Cost $89,315,507) |  |
| **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** |
| 5104 | Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.18% (c) | 5104 |
|  | (Cost $5,104) |  |
|  | **Total Investments — 100.0%** | 92677640 |
|  | (Cost $89,320,611) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (7694)<br>|
|  | **Net Assets — 100.0%** | $92669946 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents
 investments in affiliated funds.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Rate
 shown reflects yield as of August 31, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Exchange-Traded Funds\* | $92672536 | $92672536 | $— | $— |
| Money Market Funds | 5104 | 5104 |  |  |
| Total Investments | $92677640 | $92677640 | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

This page intentionally left blank.

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Assets and Liabilities**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - January** <br>**(GJAN)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - February** <br>**(GFEB)** <br>| **FT Vest** <br> **U.S. Small Cap** <br> **Moderate Buffer** <br> **ETF - February** <br>**(SFEB)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Buffer &** <br> **Premium** <br> **Income ETF -** <br> **March** <br>**(XIMR)** <br>|
| **ASSETS:** |  |  |  |  |
| Investments, at value - Unaffiliated | $2292530 | &nbsp;&nbsp; $2528016 | &nbsp;&nbsp; $608515 | &nbsp;&nbsp; $1904152 |
| Investments, at value - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total investments, at value | 2292530 | &nbsp;&nbsp; 2528016 | &nbsp;&nbsp; 608515 | &nbsp;&nbsp; 1904152 |
| Options contracts purchased, at value | 375291813 | &nbsp;&nbsp; 363280860 | &nbsp;&nbsp; 83469862 | &nbsp;&nbsp; 46177321 |
| Due from broker | 124 | &nbsp;&nbsp; 153 | &nbsp;&nbsp; 209 | &nbsp;&nbsp; 201 |
| Receivables: |  |  |  |  |
| Investment securities sold | 1097867 | &nbsp;&nbsp; 3048381 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Dividends | 8467 | &nbsp;&nbsp; 9328 | &nbsp;&nbsp; 2256 | &nbsp;&nbsp; 961 |
| Capital shares sold |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Assets | 378690801 | &nbsp;&nbsp; 368866738 | &nbsp;&nbsp; 84080842 | &nbsp;&nbsp; 48082635 |
| **LIABILITIES:** |  |  |  |  |
| Options contracts written, at value | 10053030 | &nbsp;&nbsp; 11666883 | &nbsp;&nbsp; 3161473 | &nbsp;&nbsp; 7441574 |
| Payables: |  |  |  |  |
| Capital shares redeemed | 1025907 | &nbsp;&nbsp; 2998506 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Investment advisory fees | 267487 | &nbsp;&nbsp; 262339 | &nbsp;&nbsp; 63627 | &nbsp;&nbsp; 29037 |
| Investment securities purchased | 29454 | &nbsp;&nbsp; 97940 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Liabilities | 11375878 | &nbsp;&nbsp; 15025668 | &nbsp;&nbsp; 3225100 | &nbsp;&nbsp; 7470611 |
| **NET ASSETS** | $367314923 | &nbsp;&nbsp; $353841070 | &nbsp;&nbsp; $80855742 | &nbsp;&nbsp; $40612024 |
| **NET ASSETS consist of:** |  |  |  |  |
| Paid-in capital | $372295646 | &nbsp;&nbsp; $364373182 | &nbsp;&nbsp; $81656636 | &nbsp;&nbsp; $40042507 |
| Par value | 89500 | &nbsp;&nbsp; 88500 | &nbsp;&nbsp; 36000 | &nbsp;&nbsp; 13000 |
| Accumulated distributable earnings (loss) | (5070223)<br>| &nbsp;&nbsp; (10620612)<br>| &nbsp;&nbsp; (836894)<br>| &nbsp;&nbsp; 556517 |
| **NET ASSETS** | $367314923 | &nbsp;&nbsp; $353841070 | &nbsp;&nbsp; $80855742 | &nbsp;&nbsp; $40612024 |
| **NET ASSET VALUE,** per share | $41.04 | &nbsp;&nbsp; $39.98 | &nbsp;&nbsp; $22.46 | &nbsp;&nbsp; $31.24 |
| Number of shares outstanding (unlimited number of <br> shares authorized, par value $0.01 per share)<br>| 8950002 | &nbsp;&nbsp; 8850002 | &nbsp;&nbsp; 3600002 | &nbsp;&nbsp; 1300002 |
| Investments, at cost - Unaffiliated | $2292530 | &nbsp;&nbsp; $2528016 | &nbsp;&nbsp; $608515 | &nbsp;&nbsp; $1903856 |
| Investments, at cost - Affiliated | $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Total investments, at cost | $2292530 | &nbsp;&nbsp; $2528016 | &nbsp;&nbsp; $608515 | &nbsp;&nbsp; $1903856 |
| Premiums paid on options contracts purchased | $358446717 | &nbsp;&nbsp; $345875686 | &nbsp;&nbsp; $80269015 | &nbsp;&nbsp; $42075365 |
| Premiums received on options contracts written | $13420107 | &nbsp;&nbsp; $11969719 | &nbsp;&nbsp; $3788887 | &nbsp;&nbsp; $4820418 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - March** <br>**(GMAR)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - April** <br>**(GAPR)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - May** <br>**(GMAY)** <br>| **FT Vest** <br> **U.S. Small Cap** <br> **Moderate Buffer** <br> **ETF - May** <br>**(SMAY)** <br>| **FT Vest** <br> **U.S. Equity Buffer** <br> **& Premium** <br> **Income ETF -** <br> **June** <br>**(XIJN)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - June** <br>**(GJUN)** <br>|
| $3143931 | &nbsp;&nbsp; $2014987 | &nbsp;&nbsp; $2688450 | &nbsp;&nbsp; $917296 | &nbsp;&nbsp; $979782 | &nbsp;&nbsp; $3308848 |
| 3143931 | &nbsp;&nbsp; 2014987 | &nbsp;&nbsp; 2688450 | &nbsp;&nbsp; 917296 | &nbsp;&nbsp; 979782 | &nbsp;&nbsp; 3308848 |
| 447597868 | &nbsp;&nbsp; 277362412 | &nbsp;&nbsp; 317417474 | &nbsp;&nbsp; 106852412 | &nbsp;&nbsp; 16049044 | &nbsp;&nbsp; 357061375 |
| 258 | &nbsp;&nbsp; 201 | &nbsp;&nbsp; 164 | &nbsp;&nbsp; 201 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 165 |
|  | &nbsp;&nbsp; 1091934 | &nbsp;&nbsp; 1107302 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 10797 | &nbsp;&nbsp; 7260 | &nbsp;&nbsp; 9826 | &nbsp;&nbsp; 3360 | &nbsp;&nbsp; 257 | &nbsp;&nbsp; 12683 |
| 450752854 | &nbsp;&nbsp; 280476794 | &nbsp;&nbsp; 321223216 | &nbsp;&nbsp; 107773269 | &nbsp;&nbsp; 17029103 | &nbsp;&nbsp; 360383071 |
| 33048766 | &nbsp;&nbsp; 30994604 | &nbsp;&nbsp; 16962913 | &nbsp;&nbsp; 7490769 | &nbsp;&nbsp; 2269580 | &nbsp;&nbsp; 21123451 |
|  | &nbsp;&nbsp; 973252 | &nbsp;&nbsp; 999825 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 304117 | &nbsp;&nbsp; 179288 | &nbsp;&nbsp; 220562 | &nbsp;&nbsp; 76649 | &nbsp;&nbsp; 9233 | &nbsp;&nbsp; 248406 |
|  | &nbsp;&nbsp; 122070 | &nbsp;&nbsp; 59221 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 33352883 | &nbsp;&nbsp; 32269214 | &nbsp;&nbsp; 18242521 | &nbsp;&nbsp; 7567418 | &nbsp;&nbsp; 2278813 | &nbsp;&nbsp; 21371857 |
| $417399971 | &nbsp;&nbsp; $248207580 | &nbsp;&nbsp; $302980695 | &nbsp;&nbsp; $100205851 | &nbsp;&nbsp; $14750290 | &nbsp;&nbsp; $339011214 |
| $414126036 | &nbsp;&nbsp; $253775483 | &nbsp;&nbsp; $304217440 | &nbsp;&nbsp; $100664746 | &nbsp;&nbsp; $14617266 | &nbsp;&nbsp; $357692253 |
| 105000 | &nbsp;&nbsp; 63750 | &nbsp;&nbsp; 75750 | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 4750 | &nbsp;&nbsp; 88250 |
| 3168935 | &nbsp;&nbsp; (5631653)<br>| &nbsp;&nbsp; (1312495)<br>| &nbsp;&nbsp; (498895)<br>| &nbsp;&nbsp; 128274 | &nbsp;&nbsp; (18769289)<br>|
| $417399971 | &nbsp;&nbsp; $248207580 | &nbsp;&nbsp; $302980695 | &nbsp;&nbsp; $100205851 | &nbsp;&nbsp; $14750290 | &nbsp;&nbsp; $339011214 |
| $39.75 | &nbsp;&nbsp; $38.93 | &nbsp;&nbsp; $40.00 | &nbsp;&nbsp; $25.05 | &nbsp;&nbsp; $31.05 | &nbsp;&nbsp; $38.41 |
| 10500002 | &nbsp;&nbsp; 6375002 | &nbsp;&nbsp; 7575002 | &nbsp;&nbsp; 4000002 | &nbsp;&nbsp; 475002 | &nbsp;&nbsp; 8825002 |
| $3143931 | &nbsp;&nbsp; $2014987 | &nbsp;&nbsp; $2688450 | &nbsp;&nbsp; $917296 | &nbsp;&nbsp; $979180 | &nbsp;&nbsp; $3308848 |
| $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| $3143931 | &nbsp;&nbsp; $2014987 | &nbsp;&nbsp; $2688450 | &nbsp;&nbsp; $917296 | &nbsp;&nbsp; $979180 | &nbsp;&nbsp; $3308848 |
| $408367296 | &nbsp;&nbsp; $244411070 | &nbsp;&nbsp; $300244436 | &nbsp;&nbsp; $98991919 | &nbsp;&nbsp; $15495657 | &nbsp;&nbsp; $339456459 |
| $17179892 | &nbsp;&nbsp; $14624106 | &nbsp;&nbsp; $13020251 | &nbsp;&nbsp; $5958942 | &nbsp;&nbsp; $1951376 | &nbsp;&nbsp; $15705595 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Assets and Liabilities (Continued)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - July** <br>**(GJUL)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - August** <br>**(GAUG)** <br>| **FT Vest** <br> **U.S. Small Cap** <br> **Moderate Buffer** <br> **ETF - August** <br>**(SAUG)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Buffer &** <br> **Premium** <br> **Income ETF -** <br> **September** <br>**(XISE)** <br>|
| **ASSETS:** |  |  |  |  |
| Investments, at value - Unaffiliated | $6367741 | &nbsp;&nbsp; $3392345 | &nbsp;&nbsp; $1149472 | &nbsp;&nbsp; $659706 |
| Investments, at value - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total investments, at value | 6367741 | &nbsp;&nbsp; 3392345 | &nbsp;&nbsp; 1149472 | &nbsp;&nbsp; 659706 |
| Options contracts purchased, at value | 624898405 | &nbsp;&nbsp; 313001982 | &nbsp;&nbsp; 104206827 | &nbsp;&nbsp; 64939603 |
| Due from broker | 200 | &nbsp;&nbsp; 187 | &nbsp;&nbsp; 314 | &nbsp;&nbsp; 201 |
| Receivables: |  |  |  |  |
| Investment securities sold |  | &nbsp;&nbsp; 79859 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Dividends | 21915 | &nbsp;&nbsp; 12413 | &nbsp;&nbsp; 2384 | &nbsp;&nbsp; 1326 |
| Capital shares sold |  | &nbsp;&nbsp; 1895618 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Assets | 631288261 | &nbsp;&nbsp; 318382404 | &nbsp;&nbsp; 105358997 | &nbsp;&nbsp; 65600836 |
| **LIABILITIES:** |  |  |  |  |
| Options contracts written, at value | 26242980 | &nbsp;&nbsp; 12951255 | &nbsp;&nbsp; 6427683 | &nbsp;&nbsp; 7775404 |
| Payables: |  |  |  |  |
| Capital shares redeemed |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Investment advisory fees | 433340 | &nbsp;&nbsp; 206183 | &nbsp;&nbsp; 76703 | &nbsp;&nbsp; 41972 |
| Investment securities purchased |  | &nbsp;&nbsp; 1930914 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Liabilities | 26676320 | &nbsp;&nbsp; 15088352 | &nbsp;&nbsp; 6504386 | &nbsp;&nbsp; 7817376 |
| **NET ASSETS** | $604611941 | &nbsp;&nbsp; $303294052 | &nbsp;&nbsp; $98854611 | &nbsp;&nbsp; $57783460 |
| **NET ASSETS consist of:** |  |  |  |  |
| Paid-in capital | $625643573 | &nbsp;&nbsp; $331163573 | &nbsp;&nbsp; $101978562 | &nbsp;&nbsp; $57692488 |
| Par value | 151500 | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 19000 |
| Accumulated distributable earnings (loss) | (21183132)<br>| &nbsp;&nbsp; (27949521)<br>| &nbsp;&nbsp; (3163951)<br>| &nbsp;&nbsp; 71972 |
| **NET ASSETS** | $604611941 | &nbsp;&nbsp; $303294052 | &nbsp;&nbsp; $98854611 | &nbsp;&nbsp; $57783460 |
| **NET ASSET VALUE,** per share | $39.91 | &nbsp;&nbsp; $37.91 | &nbsp;&nbsp; $24.71 | &nbsp;&nbsp; $30.41 |
| Number of shares outstanding (unlimited number of <br> shares authorized, par value $0.01 per share)<br>| 15150002 | &nbsp;&nbsp; 8000002 | &nbsp;&nbsp; 4000002 | &nbsp;&nbsp; 1900002 |
| Investments, at cost - Unaffiliated | $6367741 | &nbsp;&nbsp; $3392345 | &nbsp;&nbsp; $1149472 | &nbsp;&nbsp; $659682 |
| Investments, at cost - Affiliated | $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Total investments, at cost | $6367741 | &nbsp;&nbsp; $3392345 | &nbsp;&nbsp; $1149472 | &nbsp;&nbsp; $659682 |
| Premiums paid on options contracts purchased | $615229001 | &nbsp;&nbsp; $312115125 | &nbsp;&nbsp; $101446369 | &nbsp;&nbsp; $59180971 |
| Premiums received on options contracts written | $26399108 | &nbsp;&nbsp; $12908228 | &nbsp;&nbsp; $5769228 | &nbsp;&nbsp; $5615843 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - September** <br>**(GSEP)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - October** <br>**(GOCT)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - November** <br>**(GNOV)** <br>| **FT Vest** <br> **U.S. Small Cap** <br> **Moderate Buffer** <br> **ETF - November** <br>**(SNOV)** <br>| **FT Vest** <br> **U.S. Equity Buffer** <br> **& Premium** <br> **Income ETF -** <br> **December** <br>**(XIDE)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - December** <br>**(GDEC)** <br>|
| $672139 | &nbsp;&nbsp; $924817 | &nbsp;&nbsp; $1224691 | &nbsp;&nbsp; $681005 | &nbsp;&nbsp; $652459 | &nbsp;&nbsp; $1601948 |
| 672139 | &nbsp;&nbsp; 924817 | &nbsp;&nbsp; 1224691 | &nbsp;&nbsp; 681005 | &nbsp;&nbsp; 652459 | &nbsp;&nbsp; 1601948 |
| 207344183 | &nbsp;&nbsp; 221628330 | &nbsp;&nbsp; 252688688 | &nbsp;&nbsp; 131647932 | &nbsp;&nbsp; 23939517 | &nbsp;&nbsp; 292238091 |
| 640 | &nbsp;&nbsp; 196 | &nbsp;&nbsp; 163 | &nbsp;&nbsp; 263 | &nbsp;&nbsp; 201 | &nbsp;&nbsp; 713 |
|  | &nbsp;&nbsp; 959391 | &nbsp;&nbsp; 1928338 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1800367 |
| 2563 | &nbsp;&nbsp; 3389 | &nbsp;&nbsp; 4487 | &nbsp;&nbsp; 2406 | &nbsp;&nbsp; 650 | &nbsp;&nbsp; 5751 |
| 208019525 | &nbsp;&nbsp; 223516123 | &nbsp;&nbsp; 255846367 | &nbsp;&nbsp; 132331606 | &nbsp;&nbsp; 24592827 | &nbsp;&nbsp; 295646870 |
| 5293665 | &nbsp;&nbsp; 3173940 | &nbsp;&nbsp; 5428920 | &nbsp;&nbsp; 1265446 | &nbsp;&nbsp; 2540406 | &nbsp;&nbsp; 6438856 |
|  | &nbsp;&nbsp; 940794 | &nbsp;&nbsp; 1873524 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1805925 |
| 146965 | &nbsp;&nbsp; 159219 | &nbsp;&nbsp; 190665 | &nbsp;&nbsp; 97968 | &nbsp;&nbsp; 15872 | &nbsp;&nbsp; 213460 |
|  | &nbsp;&nbsp; 13779 | &nbsp;&nbsp; 105634 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 39667 |
| 5440630 | &nbsp;&nbsp; 4287732 | &nbsp;&nbsp; 7598743 | &nbsp;&nbsp; 1363414 | &nbsp;&nbsp; 2556278 | &nbsp;&nbsp; 8497908 |
| $202578895 | &nbsp;&nbsp; $219228391 | &nbsp;&nbsp; $248247624 | &nbsp;&nbsp; $130968192 | &nbsp;&nbsp; $22036549 | &nbsp;&nbsp; $287148962 |
| $200017865 | &nbsp;&nbsp; $217627640 | &nbsp;&nbsp; $258793840 | &nbsp;&nbsp; $130044898 | &nbsp;&nbsp; $21676864 | &nbsp;&nbsp; $284289939 |
| 53750 | &nbsp;&nbsp; 58250 | &nbsp;&nbsp; 66250 | &nbsp;&nbsp; 54000 | &nbsp;&nbsp; 7250 | &nbsp;&nbsp; 79500 |
| 2507280 | &nbsp;&nbsp; 1542501 | &nbsp;&nbsp; (10612466)<br>| &nbsp;&nbsp; 869294 | &nbsp;&nbsp; 352435 | &nbsp;&nbsp; 2779523 |
| $202578895 | &nbsp;&nbsp; $219228391 | &nbsp;&nbsp; $248247624 | &nbsp;&nbsp; $130968192 | &nbsp;&nbsp; $22036549 | &nbsp;&nbsp; $287148962 |
| $37.69 | &nbsp;&nbsp; $37.64 | &nbsp;&nbsp; $37.47 | &nbsp;&nbsp; $24.25 | &nbsp;&nbsp; $30.40 | &nbsp;&nbsp; $36.12 |
| 5375002 | &nbsp;&nbsp; 5825002 | &nbsp;&nbsp; 6625002 | &nbsp;&nbsp; 5400002 | &nbsp;&nbsp; 725002 | &nbsp;&nbsp; 7950002 |
| $672139 | &nbsp;&nbsp; $924817 | &nbsp;&nbsp; $1224691 | &nbsp;&nbsp; $681005 | &nbsp;&nbsp; $652316 | &nbsp;&nbsp; $1601948 |
| $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| $672139 | &nbsp;&nbsp; $924817 | &nbsp;&nbsp; $1224691 | &nbsp;&nbsp; $681005 | &nbsp;&nbsp; $652316 | &nbsp;&nbsp; $1601948 |
| $191351760 | &nbsp;&nbsp; $209820355 | &nbsp;&nbsp; $238719933 | &nbsp;&nbsp; $132591779 | &nbsp;&nbsp; $22679657 | &nbsp;&nbsp; $278745119 |
| $6055457 | &nbsp;&nbsp; $6780215 | &nbsp;&nbsp; $8395596 | &nbsp;&nbsp; $4493595 | &nbsp;&nbsp; $2412478 | &nbsp;&nbsp; $9529950 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Assets and Liabilities (Continued)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **FT Vest** <br> **Laddered** <br> **Moderate Buffer** <br> **ETF** <br>**(BUFZ)** <br>| **FT Vest** <br> **Laddered Small** <br> **Cap Moderate** <br> **Buffer ETF** <br>**(BUFS)** <br>|
| **ASSETS:** |  |  |
| Investments, at value - Unaffiliated | $18067 | &nbsp;&nbsp; $5104 |
| Investments, at value - Affiliated | 623035998 | &nbsp;&nbsp; 92672536 |
| Total investments, at value | 623054065 | &nbsp;&nbsp; 92677640 |
| Options contracts purchased, at value |  | &nbsp;&nbsp; — |
| Due from broker |  | &nbsp;&nbsp; — |
| Receivables: |  |  |
| Investment securities sold |  | &nbsp;&nbsp; — |
| Dividends | 96 | &nbsp;&nbsp; 23 |
| Capital shares sold | 1276640 | &nbsp;&nbsp; — |
| Total Assets | 624330801 | &nbsp;&nbsp; 92677663 |
| **LIABILITIES:** |  |  |
| Options contracts written, at value |  | &nbsp;&nbsp; — |
| Payables: |  |  |
| Capital shares redeemed |  | &nbsp;&nbsp; — |
| Investment advisory fees | 52329 | &nbsp;&nbsp; 7717 |
| Investment securities purchased | 1276693 | &nbsp;&nbsp; — |
| Total Liabilities | 1329022 | &nbsp;&nbsp; 7717 |
| **NET ASSETS** | $623001779 | &nbsp;&nbsp; $92669946 |
| **NET ASSETS consist of:** |  |  |
| Paid-in capital | $582797613 | &nbsp;&nbsp; $89336111 |
| Par value | 244000 | &nbsp;&nbsp; 42000 |
| Accumulated distributable earnings (loss) | 39960166 | &nbsp;&nbsp; 3291835 |
| **NET ASSETS** | $623001779 | &nbsp;&nbsp; $92669946 |
| **NET ASSET VALUE,** per share | $25.53 | &nbsp;&nbsp; $22.06 |
| Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per <br> share)<br>| 24400002 | &nbsp;&nbsp; 4200002 |
| Investments, at cost - Unaffiliated | $18067 | &nbsp;&nbsp; $5104 |
| Investments, at cost - Affiliated | $582764788 | &nbsp;&nbsp; $89315507 |
| Total investments, at cost | $582782855 | &nbsp;&nbsp; $89320611 |
| Premiums paid on options contracts purchased | $— | &nbsp;&nbsp; $— |
| Premiums received on options contracts written | $— | &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

This page intentionally left blank.

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Operations**

**For the Year Ended August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - January** <br>**(GJAN)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - February** <br>**(GFEB)** <br>| **FT Vest** <br> **U.S. Small Cap** <br> **Moderate Buffer** <br> **ETF - February** <br>**(SFEB)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Buffer &** <br> **Premium** <br> **Income ETF -** <br> **March** <br>**(XIMR)** <br>|
| **INVESTMENT INCOME:** |  |  |  |  |
| Dividends - Unaffiliated | $101846 | &nbsp;&nbsp; $97420 | &nbsp;&nbsp; $22956 | &nbsp;&nbsp; $9937 |
| Interest |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 47532 |
| Total investment income | 101846 | &nbsp;&nbsp; 97420 | &nbsp;&nbsp; 22956 | &nbsp;&nbsp; 57469 |
| **EXPENSES:** |  |  |  |  |
| Investment advisory fees | 2725957<br>| &nbsp;&nbsp; 2691372<br>| &nbsp;&nbsp; 641554<br>| &nbsp;&nbsp; 259633<br>|
| Total expenses | 2725957 | &nbsp;&nbsp; 2691372 | &nbsp;&nbsp; 641554 | &nbsp;&nbsp; 259633 |
| Less fees waived by the investment advisor |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net expenses | 2725957 | &nbsp;&nbsp; 2691372 | &nbsp;&nbsp; 641554 | &nbsp;&nbsp; 259633 |
| **NET INVESTMENT INCOME (LOSS)** | (2624111)<br>| &nbsp;&nbsp; (2593952)<br>| &nbsp;&nbsp; (618598)<br>| &nbsp;&nbsp; (202164)<br>|
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS):**<br>|  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |
| Investments - Unaffiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3 |
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| In-kind redemptions - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Purchased options contracts | (2166424)<br>| &nbsp;&nbsp; (7932682)<br>| &nbsp;&nbsp; (6119815)<br>| &nbsp;&nbsp; 722208 |
| Written options contracts | (18716501)<br>| &nbsp;&nbsp; (9401217)<br>| &nbsp;&nbsp; 13718 | &nbsp;&nbsp; 843375 |
| In-kind redemptions - Purchased options <br> contracts<br>| 46289559 | &nbsp;&nbsp; 63119890 | &nbsp;&nbsp; 8482152 | &nbsp;&nbsp; — |
| In-kind redemptions - Written options contracts | 1656386 | &nbsp;&nbsp; (1360755)<br>| &nbsp;&nbsp; 3043996 | &nbsp;&nbsp; — |
| Net realized gain (loss) | 27063020 | &nbsp;&nbsp; 44425236 | &nbsp;&nbsp; 5420051 | &nbsp;&nbsp; 1565586 |
| Net change in unrealized appreciation (depreciation) <br> on:<br>|  |  |  |  |
| Investments - Unaffiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (463)<br>|
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Purchased options contracts | (11547232)<br>| &nbsp;&nbsp; (16578657)<br>| &nbsp;&nbsp; 492507 | &nbsp;&nbsp; 2710769 |
| Written options contracts | 14654914 | &nbsp;&nbsp; 6916640 | &nbsp;&nbsp; 284 | &nbsp;&nbsp; (1885975)<br>|
| Net change in unrealized appreciation (depreciation) | 3107682 | &nbsp;&nbsp; (9662017)<br>| &nbsp;&nbsp; 492791 | &nbsp;&nbsp; 824331 |
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS)**<br>| 30170702 | &nbsp;&nbsp; 34763219 | &nbsp;&nbsp; 5912842 | &nbsp;&nbsp; 2389917 |
| **NET INCREASE (DECREASE) IN NET** <br> **ASSETS RESULTING FROM** <br> **OPERATIONS**<br>| $27546591 | &nbsp;&nbsp; $32169267 | &nbsp;&nbsp; $5294244 | &nbsp;&nbsp; $2187753 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - March** <br>**(GMAR)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - April** <br>**(GAPR)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - May** <br>**(GMAY)** <br>| **FT Vest** <br> **U.S. Small Cap** <br> **Moderate Buffer** <br> **ETF - May** <br>**(SMAY)** <br>| **FT Vest** <br> **U.S. Equity Buffer** <br> **& Premium** <br> **Income ETF -** <br> **June** <br>**(XIJN)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - June** <br>**(GJUN)** <br>|
| $114899 | &nbsp;&nbsp; $66485 | &nbsp;&nbsp; $82493 | &nbsp;&nbsp; $27556 | &nbsp;&nbsp; $1272 | &nbsp;&nbsp; $118323 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 12222 | &nbsp;&nbsp; — |
| 114899 | &nbsp;&nbsp; 66485 | &nbsp;&nbsp; 82493 | &nbsp;&nbsp; 27556 | &nbsp;&nbsp; 13494 | &nbsp;&nbsp; 118323 |
| 3087001<br>| &nbsp;&nbsp; 1923951<br>| &nbsp;&nbsp; 2185219<br>| &nbsp;&nbsp; 740169<br>| &nbsp;&nbsp; 65207<br>| &nbsp;&nbsp; 3063804<br>|
| 3087001 | &nbsp;&nbsp; 1923951 | &nbsp;&nbsp; 2185219 | &nbsp;&nbsp; 740169 | &nbsp;&nbsp; 65207 | &nbsp;&nbsp; 3063804 |
| 3087001 | &nbsp;&nbsp; 1923951 | &nbsp;&nbsp; 2185219 | &nbsp;&nbsp; 740169 | &nbsp;&nbsp; 65207 | &nbsp;&nbsp; 3063804 |
| (2972102)<br>| &nbsp;&nbsp; (1857466)<br>| &nbsp;&nbsp; (2102726)<br>| &nbsp;&nbsp; (712613)<br>| &nbsp;&nbsp; (51713)<br>| &nbsp;&nbsp; (2945481)<br>|
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (70)<br>| &nbsp;&nbsp; — |
| (11772827)<br>| &nbsp;&nbsp; (15457151)<br>| &nbsp;&nbsp; (3710937)<br>| &nbsp;&nbsp; (5833934)<br>| &nbsp;&nbsp; 124514 | &nbsp;&nbsp; (12302828)<br>|
| (1812)<br>| &nbsp;&nbsp; 787796 | &nbsp;&nbsp; 139923 | &nbsp;&nbsp; 44295 | &nbsp;&nbsp; 277961 | &nbsp;&nbsp; 732475 |
| 38306833 | &nbsp;&nbsp; 22957310 | &nbsp;&nbsp; 29881544 | &nbsp;&nbsp; 3798326 | &nbsp;&nbsp; — | &nbsp;&nbsp; 41958002 |
| 7822306 | &nbsp;&nbsp; 7818737 | &nbsp;&nbsp; 5416654 | &nbsp;&nbsp; 3396271 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7892671 |
| 34354500 | &nbsp;&nbsp; 16106692 | &nbsp;&nbsp; 31727184 | &nbsp;&nbsp; 1404958 | &nbsp;&nbsp; 402405 | &nbsp;&nbsp; 38280320 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 179 | &nbsp;&nbsp; — |
| 16025230 | &nbsp;&nbsp; 13022878 | &nbsp;&nbsp; 5101586 | &nbsp;&nbsp; 4347802 | &nbsp;&nbsp; 440308 | &nbsp;&nbsp; 5213048 |
| (13607179)<br>| &nbsp;&nbsp; (10877114)<br>| &nbsp;&nbsp; (2531277)<br>| &nbsp;&nbsp; (1386347)<br>| &nbsp;&nbsp; (275050)<br>| &nbsp;&nbsp; (7172180)<br>|
| 2418051 | &nbsp;&nbsp; 2145764 | &nbsp;&nbsp; 2570309 | &nbsp;&nbsp; 2961455 | &nbsp;&nbsp; 165437 | &nbsp;&nbsp; (1959132)<br>|
| 36772551 | &nbsp;&nbsp; 18252456 | &nbsp;&nbsp; 34297493 | &nbsp;&nbsp; 4366413 | &nbsp;&nbsp; 567842 | &nbsp;&nbsp; 36321188 |
| $33800449 | &nbsp;&nbsp; $16394990 | &nbsp;&nbsp; $32194767 | &nbsp;&nbsp; $3653800 | &nbsp;&nbsp; $516129 | &nbsp;&nbsp; $33375707 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Operations (Continued)**

**For the Year Ended August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - July** <br>**(GJUL)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - August** <br>**(GAUG)** <br>| **FT Vest** <br> **U.S. Small Cap** <br> **Moderate Buffer** <br> **ETF - August** <br>**(SAUG)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Buffer &** <br> **Premium** <br> **Income ETF -** <br> **September** <br>**(XISE)** <br>|
| **INVESTMENT INCOME:** |  |  |  |  |
| Dividends - Unaffiliated | $117286 | &nbsp;&nbsp; $75038 | &nbsp;&nbsp; $26402 | &nbsp;&nbsp; $23185 |
| Interest |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 91868 |
| Total investment income | 117286 | &nbsp;&nbsp; 75038 | &nbsp;&nbsp; 26402 | &nbsp;&nbsp; 115053 |
| **EXPENSES:** |  |  |  |  |
| Investment advisory fees | 2948743<br>| &nbsp;&nbsp; 1885096<br>| &nbsp;&nbsp; 770445<br>| &nbsp;&nbsp; 592744<br>|
| Total expenses | 2948743 | &nbsp;&nbsp; 1885096 | &nbsp;&nbsp; 770445 | &nbsp;&nbsp; 592744 |
| Less fees waived by the investment advisor |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net expenses | 2948743 | &nbsp;&nbsp; 1885096 | &nbsp;&nbsp; 770445 | &nbsp;&nbsp; 592744 |
| **NET INVESTMENT INCOME (LOSS)** | (2831457)<br>| &nbsp;&nbsp; (1810058)<br>| &nbsp;&nbsp; (744043)<br>| &nbsp;&nbsp; (477691)<br>|
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS):**<br>|  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |
| Investments - Unaffiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (557)<br>|
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| In-kind redemptions - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Purchased options contracts | 1451434 | &nbsp;&nbsp; (13224633)<br>| &nbsp;&nbsp; (4030309)<br>| &nbsp;&nbsp; 14075660 |
| Written options contracts | 1407394 | &nbsp;&nbsp; (6505522)<br>| &nbsp;&nbsp; 128572 | &nbsp;&nbsp; (9558659)<br>|
| In-kind redemptions - Purchased options <br> contracts<br>| 35684757 | &nbsp;&nbsp; 43756552 | &nbsp;&nbsp; 7658603 | &nbsp;&nbsp; — |
| In-kind redemptions - Written options contracts | 6106610 | &nbsp;&nbsp; 6423007 | &nbsp;&nbsp; 4881396 | &nbsp;&nbsp; — |
| Net realized gain (loss) | 44650195 | &nbsp;&nbsp; 30449404 | &nbsp;&nbsp; 8638262 | &nbsp;&nbsp; 4516444 |
| Net change in unrealized appreciation (depreciation) <br> on:<br>|  |  |  |  |
| Investments - Unaffiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (117)<br>|
| Investments - Affiliated |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Purchased options contracts | 3192773 | &nbsp;&nbsp; (702426)<br>| &nbsp;&nbsp; 1593343 | &nbsp;&nbsp; (6732296)<br>|
| Written options contracts | (870720)<br>| &nbsp;&nbsp; 133804 | &nbsp;&nbsp; (456533)<br>| &nbsp;&nbsp; 6617472 |
| Net change in unrealized appreciation (depreciation) | 2322053 | &nbsp;&nbsp; (568622)<br>| &nbsp;&nbsp; 1136810 | &nbsp;&nbsp; (114941)<br>|
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS)**<br>| 46972248 | &nbsp;&nbsp; 29880782 | &nbsp;&nbsp; 9775072 | &nbsp;&nbsp; 4401503 |
| **NET INCREASE (DECREASE) IN NET** <br> **ASSETS RESULTING FROM** <br> **OPERATIONS**<br>| $44140791 | &nbsp;&nbsp; $28070724 | &nbsp;&nbsp; $9031029 | &nbsp;&nbsp; $3923812 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - September** <br>**(GSEP)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - October** <br>**(GOCT)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - November** <br>**(GNOV)** <br>| **FT Vest** <br> **U.S. Small Cap** <br> **Moderate Buffer** <br> **ETF - November** <br>**(SNOV)** <br>| **FT Vest** <br> **U.S. Equity Buffer** <br> **& Premium** <br> **Income ETF -** <br> **December** <br>**(XIDE)** <br>| **FT Vest** <br> **U.S. Equity** <br> **Moderate Buffer** <br> **ETF - December** <br>**(GDEC)** <br>|
| $68398 | &nbsp;&nbsp; $61524 | &nbsp;&nbsp; $79346 | &nbsp;&nbsp; $28692 | &nbsp;&nbsp; $7748 | &nbsp;&nbsp; $106786 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 32301 | &nbsp;&nbsp; — |
| 68398 | &nbsp;&nbsp; 61524 | &nbsp;&nbsp; 79346 | &nbsp;&nbsp; 28692 | &nbsp;&nbsp; 40049 | &nbsp;&nbsp; 106786 |
| 1833241<br>| &nbsp;&nbsp; 1648546<br>| &nbsp;&nbsp; 2090907<br>| &nbsp;&nbsp; 775559<br>| &nbsp;&nbsp; 186902<br>| &nbsp;&nbsp; 2744145<br>|
| 1833241 | &nbsp;&nbsp; 1648546 | &nbsp;&nbsp; 2090907 | &nbsp;&nbsp; 775559 | &nbsp;&nbsp; 186902 | &nbsp;&nbsp; 2744145 |
| 1833241 | &nbsp;&nbsp; 1648546 | &nbsp;&nbsp; 2090907 | &nbsp;&nbsp; 775559 | &nbsp;&nbsp; 186902 | &nbsp;&nbsp; 2744145 |
| (1764843)<br>| &nbsp;&nbsp; (1587022)<br>| &nbsp;&nbsp; (2011561)<br>| &nbsp;&nbsp; (746867)<br>| &nbsp;&nbsp; (146853)<br>| &nbsp;&nbsp; (2637359)<br>|
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (98)<br>| &nbsp;&nbsp; — |
| (3215974)<br>| &nbsp;&nbsp; (2823024)<br>| &nbsp;&nbsp; (9792394)<br>| &nbsp;&nbsp; (1890624)<br>| &nbsp;&nbsp; 4073488 | &nbsp;&nbsp; (4587984)<br>|
| (13418584)<br>| &nbsp;&nbsp; (13181791)<br>| &nbsp;&nbsp; (18308773)<br>| &nbsp;&nbsp; (1253705)<br>| &nbsp;&nbsp; (2634623)<br>| &nbsp;&nbsp; (14538678)<br>|
| 30243159 | &nbsp;&nbsp; 24334626 | &nbsp;&nbsp; 45326867 | &nbsp;&nbsp; 5408661 | &nbsp;&nbsp; — | &nbsp;&nbsp; 34639092 |
| 2795206 | &nbsp;&nbsp; 160805 | &nbsp;&nbsp; 3095860 | &nbsp;&nbsp; 2470957 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4796375 |
| 16403807 | &nbsp;&nbsp; 8490616 | &nbsp;&nbsp; 20321560 | &nbsp;&nbsp; 4735289 | &nbsp;&nbsp; 1438767 | &nbsp;&nbsp; 20308805 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 151 | &nbsp;&nbsp; — |
| (5118061)<br>| &nbsp;&nbsp; (3936313)<br>| &nbsp;&nbsp; (13265921)<br>| &nbsp;&nbsp; (3073364)<br>| &nbsp;&nbsp; (1538257)<br>| &nbsp;&nbsp; (2427222)<br>|
| 11272794 | &nbsp;&nbsp; 15833795 | &nbsp;&nbsp; 16130676 | &nbsp;&nbsp; 3980625 | &nbsp;&nbsp; 1796094 | &nbsp;&nbsp; 10457514 |
| 6154733 | &nbsp;&nbsp; 11897482 | &nbsp;&nbsp; 2864755 | &nbsp;&nbsp; 907261 | &nbsp;&nbsp; 257988 | &nbsp;&nbsp; 8030292 |
| 22558540 | &nbsp;&nbsp; 20388098 | &nbsp;&nbsp; 23186315 | &nbsp;&nbsp; 5642550 | &nbsp;&nbsp; 1696755 | &nbsp;&nbsp; 28339097 |
| $20793697 | &nbsp;&nbsp; $18801076 | &nbsp;&nbsp; $21174754 | &nbsp;&nbsp; $4895683 | &nbsp;&nbsp; $1549902 | &nbsp;&nbsp; $25701738 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Operations (Continued)**

**For the Year Ended August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **FT Vest** <br> **Laddered** <br> **Moderate Buffer** <br> **ETF** <br>**(BUFZ)** <br>| **FT Vest** <br> **Laddered Small** <br> **Cap Moderate** <br> **Buffer ETF** <br>**(BUFS)** <br>|
| **INVESTMENT INCOME:** |  |  |
| Dividends - Unaffiliated | $3610 | &nbsp;&nbsp; $762 |
| Interest |  | &nbsp;&nbsp; — |
| Total investment income | 3610 | &nbsp;&nbsp; 762 |
| **EXPENSES:** |  |  |
| Investment advisory fees | 677483<br>| &nbsp;&nbsp; 110425<br>|
| Total expenses | 677483 | &nbsp;&nbsp; 110425 |
| Less fees waived by the investment advisor | (290141)<br>| &nbsp;&nbsp; (47594)<br>|
| Net expenses | 387342 | &nbsp;&nbsp; 62831 |
| **NET INVESTMENT INCOME (LOSS)** | (383732)<br>| &nbsp;&nbsp; (62069)<br>|
| **NET REALIZED AND UNREALIZED GAIN (LOSS):** |  |  |
| Net realized gain (loss) on: |  |  |
| Investments - Unaffiliated |  | &nbsp;&nbsp; — |
| Investments - Affiliated | (12853)<br>| &nbsp;&nbsp; (61268)<br>|
| In-kind redemptions - Affiliated | 8215686 | &nbsp;&nbsp; 960993 |
| Purchased options contracts |  | &nbsp;&nbsp; — |
| Written options contracts |  | &nbsp;&nbsp; — |
| In-kind redemptions - Purchased options contracts |  | &nbsp;&nbsp; — |
| In-kind redemptions - Written options contracts |  | &nbsp;&nbsp; — |
| Net realized gain (loss) | 8202833 | &nbsp;&nbsp; 899725 |
| Net change in unrealized appreciation (depreciation) on: |  |  |
| Investments - Unaffiliated |  | &nbsp;&nbsp; — |
| Investments - Affiliated | 32578157 | &nbsp;&nbsp; 2893069 |
| Purchased options contracts |  | &nbsp;&nbsp; — |
| Written options contracts |  | &nbsp;&nbsp; — |
| Net change in unrealized appreciation (depreciation) | 32578157 | &nbsp;&nbsp; 2893069 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** | 40780990 | &nbsp;&nbsp; 3792794 |
| **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $40397258 | &nbsp;&nbsp; $3730725 |

---

See Notes to Financial Statements

------

This page intentionally left blank.

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest U.S. Equity Moderate** <br> **Buffer ETF - January (GJAN)** | **FT Vest U.S. Equity Moderate** <br> **Buffer ETF - January (GJAN)** | **FT Vest U.S. Equity Moderate** <br> **Buffer ETF - February (GFEB)** | **FT Vest U.S. Equity Moderate** <br> **Buffer ETF - February (GFEB)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(2624111)<br>| &nbsp;&nbsp; $(1722947)<br>| &nbsp;&nbsp; $(2593952)<br>| &nbsp;&nbsp; $(2324080)<br>|
| Net realized gain (loss) | 27063020 | &nbsp;&nbsp; 22517691 | &nbsp;&nbsp; 44425236 | &nbsp;&nbsp; 29013935 |
| Net change in unrealized appreciation (depreciation) | 3107682 | &nbsp;&nbsp; 6958808 | &nbsp;&nbsp; (9662017)<br>| &nbsp;&nbsp; 10888032 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 27546591 | &nbsp;&nbsp; 27753552 | &nbsp;&nbsp; 32169267 | &nbsp;&nbsp; 37577887 |
| **DISTRIBUTIONS TO SHAREHOLDERS FROM:** |  |  |  |  |
| Investment operations |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Return of capital |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total distributions to shareholders |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 370927748<br>| &nbsp;&nbsp; 278374181<br>| &nbsp;&nbsp; 350496377<br>| &nbsp;&nbsp; 407422750<br>|
| Cost of shares redeemed | (284790492) <br>| &nbsp;&nbsp; (194263781) <br>| &nbsp;&nbsp; (422801797) <br>| &nbsp;&nbsp; (252604432) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 86137256 | &nbsp;&nbsp; 84110400 | &nbsp;&nbsp; (72305420)<br>| &nbsp;&nbsp; 154818318 |
| Total increase (decrease) in net assets | 113683847 | &nbsp;&nbsp; 111863952 | &nbsp;&nbsp; (40136153)<br>| &nbsp;&nbsp; 192396205 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 253631076 | &nbsp;&nbsp; 141767124 | &nbsp;&nbsp; 393977223 | &nbsp;&nbsp; 201581018 |
| End of period | $367314923 | &nbsp;&nbsp; $253631076 | &nbsp;&nbsp; $353841070 | &nbsp;&nbsp; $393977223 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 6750002 | &nbsp;&nbsp; 4300002 | &nbsp;&nbsp; 10875002 | &nbsp;&nbsp; 6375002 |
| Shares sold | 9550000 | &nbsp;&nbsp; 8000000 | &nbsp;&nbsp; 9275000 | &nbsp;&nbsp; 12075000 |
| Shares redeemed | (7350000)<br>| &nbsp;&nbsp; (5550000)<br>| &nbsp;&nbsp; (11300000)<br>| &nbsp;&nbsp; (7575000)<br>|
| Shares outstanding, end of period | 8950002 | &nbsp;&nbsp; 6750002 | &nbsp;&nbsp; 8850002 | &nbsp;&nbsp; 10875002 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is February 16, 2024, which is consistent with the commencement of investment operations and is the date the initial
 creation units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Inception
 date is March 18, 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

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest U.S. Small Cap Moderate** <br> **Buffer ETF - February (SFEB)** | **FT Vest U.S. Small Cap Moderate** <br> **Buffer ETF - February (SFEB)** | **FT Vest U.S. Equity Buffer & Premium** <br> **Income ETF - March (XIMR)** | **FT Vest U.S. Equity Buffer & Premium** <br> **Income ETF - March (XIMR)** | **FT Vest U.S. Equity Moderate Buffer** <br> **ETF - March (GMAR)** | **FT Vest U.S. Equity Moderate Buffer** <br> **ETF - March (GMAR)** |
| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (a)**<br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (b)**<br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| $(618598)<br>| &nbsp;&nbsp; $(253540)<br>| &nbsp;&nbsp; $(202164)<br>| &nbsp;&nbsp; $(39363)<br>| &nbsp;&nbsp; $(2972102)<br>| &nbsp;&nbsp; $(1644622)<br>|
| 5420051 | &nbsp;&nbsp; 679381 | &nbsp;&nbsp; 1565586 | &nbsp;&nbsp; (15)<br>| &nbsp;&nbsp; 34354500 | &nbsp;&nbsp; 14128033 |
| 492791 | &nbsp;&nbsp; 3335470 | &nbsp;&nbsp; 824331 | &nbsp;&nbsp; 656765 | &nbsp;&nbsp; 2418051 | &nbsp;&nbsp; 14654197 |
| 5294244 | &nbsp;&nbsp; 3761311 | &nbsp;&nbsp; 2187753 | &nbsp;&nbsp; 617387 | &nbsp;&nbsp; 33800449 | &nbsp;&nbsp; 27137608 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; (1851061)<br>| &nbsp;&nbsp; (397902)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; (101033)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; (1952094)<br>| &nbsp;&nbsp; (397902)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 102722047<br>| &nbsp;&nbsp; 72837264<br>| &nbsp;&nbsp; 23962276<br>| &nbsp;&nbsp; 20847065<br>| &nbsp;&nbsp; 459529194<br>| &nbsp;&nbsp; 392563483<br>|
| (93745164) <br>| &nbsp;&nbsp; (10013960) <br>| &nbsp;&nbsp; (4652461) <br>| &nbsp;&nbsp; —<br>| &nbsp;&nbsp; (437357394) <br>| &nbsp;&nbsp; (173507239) <br>|
| 8976883 | &nbsp;&nbsp; 62823304 | &nbsp;&nbsp; 19309815 | &nbsp;&nbsp; 20847065 | &nbsp;&nbsp; 22171800 | &nbsp;&nbsp; 219056244 |
| 14271127 | &nbsp;&nbsp; 66584615 | &nbsp;&nbsp; 19545474 | &nbsp;&nbsp; 21066550 | &nbsp;&nbsp; 55972249 | &nbsp;&nbsp; 246193852 |
| 66584615 | &nbsp;&nbsp; — | &nbsp;&nbsp; 21066550 | &nbsp;&nbsp; — | &nbsp;&nbsp; 361427722 | &nbsp;&nbsp; 115233870 |
| $80855742 | &nbsp;&nbsp; $66584615 | &nbsp;&nbsp; $40612024 | &nbsp;&nbsp; $21066550 | &nbsp;&nbsp; $417399971 | &nbsp;&nbsp; $361427722 |
| 3150002 | &nbsp;&nbsp; — | &nbsp;&nbsp; 675002 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9950002 | &nbsp;&nbsp; 3575002 |
| 4750000 | &nbsp;&nbsp; 3650002 | &nbsp;&nbsp; 775000 | &nbsp;&nbsp; 675002 | &nbsp;&nbsp; 12300000 | &nbsp;&nbsp; 11500000 |
| (4300000)<br>| &nbsp;&nbsp; (500000)<br>| &nbsp;&nbsp; (150000)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (11750000)<br>| &nbsp;&nbsp; (5125000)<br>|
| 3600002 | &nbsp;&nbsp; 3150002 | &nbsp;&nbsp; 1300002 | &nbsp;&nbsp; 675002 | &nbsp;&nbsp; 10500002 | &nbsp;&nbsp; 9950002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets (Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest U.S. Equity Moderate** <br> **Buffer ETF - April (GAPR)** | **FT Vest U.S. Equity Moderate** <br> **Buffer ETF - April (GAPR)** | **FT Vest U.S. Equity Moderate** <br> **Buffer ETF - May (GMAY)** | **FT Vest U.S. Equity Moderate** <br> **Buffer ETF - May (GMAY)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(1857466)<br>| &nbsp;&nbsp; $(1333978)<br>| &nbsp;&nbsp; $(2102726)<br>| &nbsp;&nbsp; $(1222144)<br>|
| Net realized gain (loss) | 16106692 | &nbsp;&nbsp; 19937370 | &nbsp;&nbsp; 31727184 | &nbsp;&nbsp; 15337166 |
| Net change in unrealized appreciation (depreciation) | 2145764 | &nbsp;&nbsp; 6168134 | &nbsp;&nbsp; 2570309 | &nbsp;&nbsp; 6251081 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 16394990 | &nbsp;&nbsp; 24771526 | &nbsp;&nbsp; 32194767 | &nbsp;&nbsp; 20366103 |
| **DISTRIBUTIONS TO SHAREHOLDERS FROM:** |  |  |  |  |
| Investment operations |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Return of capital |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total distributions to shareholders |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 254312461<br>| &nbsp;&nbsp; 236961046<br>| &nbsp;&nbsp; 337491666<br>| &nbsp;&nbsp; 312797938<br>|
| Cost of shares redeemed | (241241795) <br>| &nbsp;&nbsp; (208892292) <br>| &nbsp;&nbsp; (341896498) <br>| &nbsp;&nbsp; (175018892) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 13070666 | &nbsp;&nbsp; 28068754 | &nbsp;&nbsp; (4404832)<br>| &nbsp;&nbsp; 137779046 |
| Total increase (decrease) in net assets | 29465656 | &nbsp;&nbsp; 52840280 | &nbsp;&nbsp; 27789935 | &nbsp;&nbsp; 158145149 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 218741924 | &nbsp;&nbsp; 165901644 | &nbsp;&nbsp; 275190760 | &nbsp;&nbsp; 117045611 |
| End of period | $248207580 | &nbsp;&nbsp; $218741924 | &nbsp;&nbsp; $302980695 | &nbsp;&nbsp; $275190760 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 6000002 | &nbsp;&nbsp; 5275002 | &nbsp;&nbsp; 7675002 | &nbsp;&nbsp; 3700002 |
| Shares sold | 6900000 | &nbsp;&nbsp; 7000000 | &nbsp;&nbsp; 9025000 | &nbsp;&nbsp; 9100000 |
| Shares redeemed | (6525000)<br>| &nbsp;&nbsp; (6275000)<br>| &nbsp;&nbsp; (9125000)<br>| &nbsp;&nbsp; (5125000)<br>|
| Shares outstanding, end of period | 6375002 | &nbsp;&nbsp; 6000002 | &nbsp;&nbsp; 7575002 | &nbsp;&nbsp; 7675002 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(c) Inception
 date is June 21, 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

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest U.S. Small Cap Moderate** <br> **Buffer ETF - May (SMAY)** | **FT Vest U.S. Small Cap Moderate** <br> **Buffer ETF - May (SMAY)** | **FT Vest U.S. Equity Buffer & Premium** <br> **Income ETF - June (XIJN)** | **FT Vest U.S. Equity Buffer & Premium** <br> **Income ETF - June (XIJN)** | **FT Vest U.S. Equity Moderate Buffer** <br> **ETF - June (GJUN)** | **FT Vest U.S. Equity Moderate Buffer** <br> **ETF - June (GJUN)** |
| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (c)**<br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| $(712613)<br>| &nbsp;&nbsp; $(309057)<br>| &nbsp;&nbsp; $(51713)<br>| &nbsp;&nbsp; $(3346)<br>| &nbsp;&nbsp; $(2945481)<br>| &nbsp;&nbsp; $(2437179)<br>|
| 1404958 | &nbsp;&nbsp; 3584278 | &nbsp;&nbsp; 402405 | &nbsp;&nbsp; — | &nbsp;&nbsp; 38280320 | &nbsp;&nbsp; 37269413 |
| 2961455 | &nbsp;&nbsp; 2748644 | &nbsp;&nbsp; 165437 | &nbsp;&nbsp; 70348 | &nbsp;&nbsp; (1959132)<br>| &nbsp;&nbsp; 6653784 |
| 3653800 | &nbsp;&nbsp; 6023865 | &nbsp;&nbsp; 516129 | &nbsp;&nbsp; 67002 | &nbsp;&nbsp; 33375707 | &nbsp;&nbsp; 41486018 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; (438452)<br>| &nbsp;&nbsp; (16560)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; (30182)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; (468634)<br>| &nbsp;&nbsp; (16560)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 134857409<br>| &nbsp;&nbsp; 75461917<br>| &nbsp;&nbsp; 14641848<br>| &nbsp;&nbsp; 4583691<br>| &nbsp;&nbsp; 337345651<br>| &nbsp;&nbsp; 571221332<br>|
| (115230251) <br>| &nbsp;&nbsp; (35090882) <br>| &nbsp;&nbsp; (4573186) <br>| &nbsp;&nbsp; —<br>| &nbsp;&nbsp; (574541121) <br>| &nbsp;&nbsp; (401080593) <br>|
| 19627158 | &nbsp;&nbsp; 40371035 | &nbsp;&nbsp; 10068662 | &nbsp;&nbsp; 4583691 | &nbsp;&nbsp; (237195470)<br>| &nbsp;&nbsp; 170140739 |
| 23280958 | &nbsp;&nbsp; 46394900 | &nbsp;&nbsp; 10116157 | &nbsp;&nbsp; 4634133 | &nbsp;&nbsp; (203819763)<br>| &nbsp;&nbsp; 211626757 |
| 76924893 | &nbsp;&nbsp; 30529993 | &nbsp;&nbsp; 4634133 | &nbsp;&nbsp; — | &nbsp;&nbsp; 542830977 | &nbsp;&nbsp; 331204220 |
| $100205851 | &nbsp;&nbsp; $76924893 | &nbsp;&nbsp; $14750290 | &nbsp;&nbsp; $4634133 | &nbsp;&nbsp; $339011214 | &nbsp;&nbsp; $542830977 |
| 3150002 | &nbsp;&nbsp; 1450002 | &nbsp;&nbsp; 150002 | &nbsp;&nbsp; — | &nbsp;&nbsp; 15525002 | &nbsp;&nbsp; 10850002 |
| 5700000 | &nbsp;&nbsp; 3250000 | &nbsp;&nbsp; 475000 | &nbsp;&nbsp; 150002 | &nbsp;&nbsp; 9100000 | &nbsp;&nbsp; 16900000 |
| (4850000)<br>| &nbsp;&nbsp; (1550000)<br>| &nbsp;&nbsp; (150000)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (15800000)<br>| &nbsp;&nbsp; (12225000)<br>|
| 4000002 | &nbsp;&nbsp; 3150002 | &nbsp;&nbsp; 475002 | &nbsp;&nbsp; 150002 | &nbsp;&nbsp; 8825002 | &nbsp;&nbsp; 15525002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets (Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest U.S. Equity Moderate** <br> **Buffer ETF - July (GJUL)** | **FT Vest U.S. Equity Moderate** <br> **Buffer ETF - July (GJUL)** | **FT Vest U.S. Equity Moderate** <br> **Buffer ETF - August (GAUG)** | **FT Vest U.S. Equity Moderate** <br> **Buffer ETF - August (GAUG)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(2831457)<br>| &nbsp;&nbsp; $(2271743)<br>| &nbsp;&nbsp; $(1810058)<br>| &nbsp;&nbsp; $(847776)<br>|
| Net realized gain (loss) | 44650195 | &nbsp;&nbsp; 39926452 | &nbsp;&nbsp; 30449404 | &nbsp;&nbsp; 14627804 |
| Net change in unrealized appreciation (depreciation) | 2322053 | &nbsp;&nbsp; 6752934 | &nbsp;&nbsp; (568622)<br>| &nbsp;&nbsp; 774247 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 44140791 | &nbsp;&nbsp; 44407643 | &nbsp;&nbsp; 28070724 | &nbsp;&nbsp; 14554275 |
| **DISTRIBUTIONS TO SHAREHOLDERS FROM:** |  |  |  |  |
| Investment operations |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Return of capital |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total distributions to shareholders |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 566344808<br>| &nbsp;&nbsp; 563474106<br>| &nbsp;&nbsp; 475046425<br>| &nbsp;&nbsp; 255701924<br>|
| Cost of shares redeemed | (374588238) <br>| &nbsp;&nbsp; (424981286) <br>| &nbsp;&nbsp; (374850852) <br>| &nbsp;&nbsp; (157167092) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 191756570 | &nbsp;&nbsp; 138492820 | &nbsp;&nbsp; 100195573 | &nbsp;&nbsp; 98534832 |
| Total increase (decrease) in net assets | 235897361 | &nbsp;&nbsp; 182900463 | &nbsp;&nbsp; 128266297 | &nbsp;&nbsp; 113089107 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 368714580 | &nbsp;&nbsp; 185814117 | &nbsp;&nbsp; 175027755 | &nbsp;&nbsp; 61938648 |
| End of period | $604611941 | &nbsp;&nbsp; $368714580 | &nbsp;&nbsp; $303294052 | &nbsp;&nbsp; $175027755 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 10350002 | &nbsp;&nbsp; 6025002 | &nbsp;&nbsp; 5100002 | &nbsp;&nbsp; 2050002 |
| Shares sold | 14625000 | &nbsp;&nbsp; 16775000 | &nbsp;&nbsp; 12950000 | &nbsp;&nbsp; 7750000 |
| Shares redeemed | (9825000)<br>| &nbsp;&nbsp; (12450000)<br>| &nbsp;&nbsp; (10050000)<br>| &nbsp;&nbsp; (4700000)<br>|
| Shares outstanding, end of period | 15150002 | &nbsp;&nbsp; 10350002 | &nbsp;&nbsp; 8000002 | &nbsp;&nbsp; 5100002 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(d) Inception
 date is September 15, 2023, which is consistent with the commencement of investment operations and is the date the initial
 creation units were established.

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest U.S. Small Cap Moderate** <br> **Buffer ETF - August (SAUG)** | **FT Vest U.S. Small Cap Moderate** <br> **Buffer ETF - August (SAUG)** | **FT Vest U.S. Equity Buffer & Premium** <br> **Income ETF - September (XISE)** | **FT Vest U.S. Equity Buffer & Premium** <br> **Income ETF - September (XISE)** | **FT Vest U.S. Equity Moderate Buffer** <br> **ETF - September (GSEP)** | **FT Vest U.S. Equity Moderate Buffer** <br> **ETF - September (GSEP)** |
| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (d)**<br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (d)**<br>|
| $(744043)<br>| &nbsp;&nbsp; $(310992)<br>| &nbsp;&nbsp; $(477691)<br>| &nbsp;&nbsp; $(302502)<br>| &nbsp;&nbsp; $(1764843)<br>| &nbsp;&nbsp; $(960965)<br>|
| 8638262 | &nbsp;&nbsp; 6298209 | &nbsp;&nbsp; 4516444 | &nbsp;&nbsp; 58030 | &nbsp;&nbsp; 16403807 | &nbsp;&nbsp; 8621138 |
| 1136810 | &nbsp;&nbsp; 742180 | &nbsp;&nbsp; (114941)<br>| &nbsp;&nbsp; 3714036 | &nbsp;&nbsp; 6154733 | &nbsp;&nbsp; 10599482 |
| 9031029 | &nbsp;&nbsp; 6729397 | &nbsp;&nbsp; 3923812 | &nbsp;&nbsp; 3469564 | &nbsp;&nbsp; 20793697 | &nbsp;&nbsp; 18259655 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; (4175567)<br>| &nbsp;&nbsp; (3146404)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; (111334)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; (4286901)<br>| &nbsp;&nbsp; (3146404)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 153151347<br>| &nbsp;&nbsp; 88098729<br>| &nbsp;&nbsp; 6739816<br>| &nbsp;&nbsp; 86522755<br>| &nbsp;&nbsp; 260182511<br>| &nbsp;&nbsp; 158856081<br>|
| (121448923) <br>| &nbsp;&nbsp; (50891245) <br>| &nbsp;&nbsp; (27035695) <br>| &nbsp;&nbsp; (8403487) <br>| &nbsp;&nbsp; (206841595) <br>| &nbsp;&nbsp; (48671454) <br>|
| 31702424 | &nbsp;&nbsp; 37207484 | &nbsp;&nbsp; (20295879)<br>| &nbsp;&nbsp; 78119268 | &nbsp;&nbsp; 53340916 | &nbsp;&nbsp; 110184627 |
| 40733453 | &nbsp;&nbsp; 43936881 | &nbsp;&nbsp; (20658968)<br>| &nbsp;&nbsp; 78442428 | &nbsp;&nbsp; 74134613 | &nbsp;&nbsp; 128444282 |
| 58121158 | &nbsp;&nbsp; 14184277 | &nbsp;&nbsp; 78442428 | &nbsp;&nbsp; — | &nbsp;&nbsp; 128444282 | &nbsp;&nbsp; — |
| $98854611 | &nbsp;&nbsp; $58121158 | &nbsp;&nbsp; $57783460 | &nbsp;&nbsp; $78442428 | &nbsp;&nbsp; $202578895 | &nbsp;&nbsp; $128444282 |
| 2500002 | &nbsp;&nbsp; 700002 | &nbsp;&nbsp; 2575002 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3750002 | &nbsp;&nbsp; — |
| 6550000 | &nbsp;&nbsp; 4100000 | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 2850002 | &nbsp;&nbsp; 7550000 | &nbsp;&nbsp; 5225002 |
| (5050000)<br>| &nbsp;&nbsp; (2300000)<br>| &nbsp;&nbsp; (900000)<br>| &nbsp;&nbsp; (275000)<br>| &nbsp;&nbsp; (5925000)<br>| &nbsp;&nbsp; (1475000)<br>|
| 4000002 | &nbsp;&nbsp; 2500002 | &nbsp;&nbsp; 1900002 | &nbsp;&nbsp; 2575002 | &nbsp;&nbsp; 5375002 | &nbsp;&nbsp; 3750002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets (Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest U.S. Equity Moderate** <br> **Buffer ETF - October (GOCT)** | **FT Vest U.S. Equity Moderate** <br> **Buffer ETF - October (GOCT)** | **FT Vest U.S. Equity Moderate** <br> **Buffer ETF - November (GNOV)** | **FT Vest U.S. Equity Moderate** <br> **Buffer ETF - November (GNOV)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (e)**<br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (f)**<br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(1587022)<br>| &nbsp;&nbsp; $(911826)<br>| &nbsp;&nbsp; $(2011561)<br>| &nbsp;&nbsp; $(1026633)<br>|
| Net realized gain (loss) | 8490616 | &nbsp;&nbsp; 15400390 | &nbsp;&nbsp; 20321560 | &nbsp;&nbsp; 4245702 |
| Net change in unrealized appreciation (depreciation) | 11897482 | &nbsp;&nbsp; 3516768 | &nbsp;&nbsp; 2864755 | &nbsp;&nbsp; 14070676 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 18801076 | &nbsp;&nbsp; 18005332 | &nbsp;&nbsp; 21174754 | &nbsp;&nbsp; 17289745 |
| **DISTRIBUTIONS TO SHAREHOLDERS FROM:** |  |  |  |  |
| Investment operations |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Return of capital |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total distributions to shareholders |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 260862426<br>| &nbsp;&nbsp; 221938153<br>| &nbsp;&nbsp; 307070067<br>| &nbsp;&nbsp; 180865955<br>|
| Cost of shares redeemed | (156208394) <br>| &nbsp;&nbsp; (144170202) <br>| &nbsp;&nbsp; (238470338) <br>| &nbsp;&nbsp; (39682559) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 104654032 | &nbsp;&nbsp; 77767951 | &nbsp;&nbsp; 68599729 | &nbsp;&nbsp; 141183396 |
| Total increase (decrease) in net assets | 123455108 | &nbsp;&nbsp; 95773283 | &nbsp;&nbsp; 89774483 | &nbsp;&nbsp; 158473141 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 95773283 | &nbsp;&nbsp; — | &nbsp;&nbsp; 158473141 | &nbsp;&nbsp; — |
| End of period | $219228391 | &nbsp;&nbsp; $95773283 | &nbsp;&nbsp; $248247624 | &nbsp;&nbsp; $158473141 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 2775002 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4625002 | &nbsp;&nbsp; — |
| Shares sold | 7500000 | &nbsp;&nbsp; 7125002 | &nbsp;&nbsp; 8800000 | &nbsp;&nbsp; 5825002 |
| Shares redeemed | (4450000)<br>| &nbsp;&nbsp; (4350000)<br>| &nbsp;&nbsp; (6800000)<br>| &nbsp;&nbsp; (1200000)<br>|
| Shares outstanding, end of period | 5825002 | &nbsp;&nbsp; 2775002 | &nbsp;&nbsp; 6625002 | &nbsp;&nbsp; 4625002 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(e) Inception
 date is October 20, 2023, which is consistent with the commencement of investment operations and is the date the initial creation
 units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Inception
 date is November 17, 2023, which is consistent with the commencement of investment operations and is the date the initial
 creation units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Inception
 date is December 15, 2023, which is consistent with the commencement of investment operations and is the date the initial
 creation units were established.

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FT Vest U.S. Small Cap Moderate** <br> **Buffer ETF - November (SNOV)** | **FT Vest U.S. Small Cap Moderate** <br> **Buffer ETF - November (SNOV)** | **FT Vest U.S. Equity Buffer & Premium** <br> **Income ETF - December (XIDE)** | **FT Vest U.S. Equity Buffer & Premium** <br> **Income ETF - December (XIDE)** | **FT Vest U.S. Equity Moderate Buffer** <br> **ETF - December (GDEC)** | **FT Vest U.S. Equity Moderate Buffer** <br> **ETF - December (GDEC)** |
| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (f)**<br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (g)**<br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (g)**<br>|
| $(746867)<br>| &nbsp;&nbsp; $(163417)<br>| &nbsp;&nbsp; $(146853)<br>| &nbsp;&nbsp; $(75161)<br>| &nbsp;&nbsp; $(2637359)<br>| &nbsp;&nbsp; $(952980)<br>|
| 4735289 | &nbsp;&nbsp; 1349576 | &nbsp;&nbsp; 1438767 | &nbsp;&nbsp; 49433 | &nbsp;&nbsp; 20308805 | &nbsp;&nbsp; 7643207 |
| 907261 | &nbsp;&nbsp; 1377041 | &nbsp;&nbsp; 257988 | &nbsp;&nbsp; 874087 | &nbsp;&nbsp; 8030292 | &nbsp;&nbsp; 8553774 |
| 4895683 | &nbsp;&nbsp; 2563200 | &nbsp;&nbsp; 1549902 | &nbsp;&nbsp; 848359 | &nbsp;&nbsp; 25701738 | &nbsp;&nbsp; 15244001 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; (1271202)<br>| &nbsp;&nbsp; (775152)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; (162062)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; (1433264)<br>| &nbsp;&nbsp; (775152)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 171785469<br>| &nbsp;&nbsp; 28900039<br>| &nbsp;&nbsp; 8153012<br>| &nbsp;&nbsp; 27267929<br>| &nbsp;&nbsp; 559778558<br>| &nbsp;&nbsp; 199352514<br>|
| (68446645) <br>| &nbsp;&nbsp; (8729554) <br>| &nbsp;&nbsp; (6762142) <br>| &nbsp;&nbsp; (6812095) <br>| &nbsp;&nbsp; (425297286) <br>| &nbsp;&nbsp; (87630563) <br>|
| 103338824 | &nbsp;&nbsp; 20170485 | &nbsp;&nbsp; 1390870 | &nbsp;&nbsp; 20455834 | &nbsp;&nbsp; 134481272 | &nbsp;&nbsp; 111721951 |
| 108234507 | &nbsp;&nbsp; 22733685 | &nbsp;&nbsp; 1507508 | &nbsp;&nbsp; 20529041 | &nbsp;&nbsp; 160183010 | &nbsp;&nbsp; 126965952 |
| 22733685 | &nbsp;&nbsp; — | &nbsp;&nbsp; 20529041 | &nbsp;&nbsp; — | &nbsp;&nbsp; 126965952 | &nbsp;&nbsp; — |
| $130968192 | &nbsp;&nbsp; $22733685 | &nbsp;&nbsp; $22036549 | &nbsp;&nbsp; $20529041 | &nbsp;&nbsp; $287148962 | &nbsp;&nbsp; $126965952 |
| 1000002 | &nbsp;&nbsp; — | &nbsp;&nbsp; 675002 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3850002 | &nbsp;&nbsp; — |
| 7350000 | &nbsp;&nbsp; 1400002 | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 900002 | &nbsp;&nbsp; 16550000 | &nbsp;&nbsp; 6575002 |
| (2950000)<br>| &nbsp;&nbsp; (400000)<br>| &nbsp;&nbsp; (225000)<br>| &nbsp;&nbsp; (225000)<br>| &nbsp;&nbsp; (12450000)<br>| &nbsp;&nbsp; (2725000)<br>|
| 5400002 | &nbsp;&nbsp; 1000002 | &nbsp;&nbsp; 725002 | &nbsp;&nbsp; 675002 | &nbsp;&nbsp; 7950002 | &nbsp;&nbsp; 3850002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets (Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FT Vest Laddered Moderate** <br> **Buffer ETF (BUFZ)** | **FT Vest Laddered Moderate** <br> **Buffer ETF (BUFZ)** | **FT Vest Laddered Small Cap** <br> **Moderate Buffer ETF (BUFS)** | **FT Vest Laddered Small Cap** <br> **Moderate Buffer ETF (BUFS)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (h)**<br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Period** <br>**Ended** <br>**8/31/2024 (i)**<br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(383732)<br>| &nbsp;&nbsp; $(114398)<br>| &nbsp;&nbsp; $(62069)<br>| &nbsp;&nbsp; $(2360)<br>|
| Net realized gain (loss) | 8202833 | &nbsp;&nbsp; 1196753 | &nbsp;&nbsp; 899725 | &nbsp;&nbsp; 135 |
| Net change in unrealized appreciation (depreciation) | 32578157 | &nbsp;&nbsp; 7693053 | &nbsp;&nbsp; 2893069 | &nbsp;&nbsp; 463960 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 40397258 | &nbsp;&nbsp; 8775408 | &nbsp;&nbsp; 3730725 | &nbsp;&nbsp; 461735 |
| **DISTRIBUTIONS TO SHAREHOLDERS FROM:** |  |  |  |  |
| Investment operations |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Return of capital |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total distributions to shareholders |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 440275231<br>| &nbsp;&nbsp; 251155658<br>| &nbsp;&nbsp; 99413050<br>| &nbsp;&nbsp; 10018968<br>|
| Cost of shares redeemed | (86908757) <br>| &nbsp;&nbsp; (30693019) <br>| &nbsp;&nbsp; (20954532) <br>| &nbsp;&nbsp; —<br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 353366474 | &nbsp;&nbsp; 220462639 | &nbsp;&nbsp; 78458518 | &nbsp;&nbsp; 10018968 |
| Total increase (decrease) in net assets | 393763732 | &nbsp;&nbsp; 229238047 | &nbsp;&nbsp; 82189243 | &nbsp;&nbsp; 10480703 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 229238047 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10480703 | &nbsp;&nbsp; — |
| End of period | $623001779 | &nbsp;&nbsp; $229238047 | &nbsp;&nbsp; $92669946 | &nbsp;&nbsp; $10480703 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 9850002 | &nbsp;&nbsp; — | &nbsp;&nbsp; 500002 | &nbsp;&nbsp; — |
| Shares sold | 18150000 | &nbsp;&nbsp; 11250002 | &nbsp;&nbsp; 4700000 | &nbsp;&nbsp; 500002 |
| Shares redeemed | (3600000)<br>| &nbsp;&nbsp; (1400000)<br>| &nbsp;&nbsp; (1000000)<br>| &nbsp;&nbsp; — |
| Shares outstanding, end of period | 24400002 | &nbsp;&nbsp; 9850002 | &nbsp;&nbsp; 4200002 | &nbsp;&nbsp; 500002 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(h) Inception
 date is October 25, 2023, which is consistent with the commencement of investment operations and is the date the initial creation
 units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Inception
 date is May 29, 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

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights**

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Moderate Buffer ETF - January (GJAN)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
|  | **2025** | **2024** | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
| Net asset value, beginning of period | $37.57 | &nbsp;&nbsp;&nbsp;&nbsp; $32.97 | &nbsp;&nbsp;&nbsp;&nbsp; $30.09 |
| **Income from investment operations:** |  |  |  |
| Net investment income (loss) (b) | (0.32) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.29) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.16) <br>|
| Net realized and unrealized gain (loss) | 3.79<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.89<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.04<br>|
| Total from investment operations | 3.47<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.60<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.88<br>|
| Net asset value, end of period | $41.04<br>| &nbsp;&nbsp;&nbsp;&nbsp; $37.57<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.97<br>|
| **Total return** (c) | 9.24<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.95<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.57<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |
| Net assets, end of period (in 000's) | $367315<br>| &nbsp;&nbsp;&nbsp;&nbsp; $253631<br>| &nbsp;&nbsp;&nbsp;&nbsp; $141767<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.83)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is January 20, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Moderate Buffer ETF - February (GFEB)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
|  | **2025** | **2024** | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
| Net asset value, beginning of period | $36.23 | &nbsp;&nbsp;&nbsp;&nbsp; $31.62 | &nbsp;&nbsp;&nbsp;&nbsp; $29.32 |
| **Income from investment operations:** |  |  |  |
| Net investment income (loss) (b) | (0.31) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.28) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.13) <br>|
| Net realized and unrealized gain (loss) | 4.06<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.89<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.43<br>|
| Total from investment operations | 3.75<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.61<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.30<br>|
| Net asset value, end of period | $39.98<br>| &nbsp;&nbsp;&nbsp;&nbsp; $36.23<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.62<br>|
| **Total return** (c) | 10.35<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.58<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.84<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |
| Net assets, end of period (in 000's) | $353841<br>| &nbsp;&nbsp;&nbsp;&nbsp; $393977<br>| &nbsp;&nbsp;&nbsp;&nbsp; $201581<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.83)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is February 17, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Small Cap Moderate Buffer ETF - February (SFEB)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $21.14 | &nbsp;&nbsp;&nbsp;&nbsp; $19.76 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.18) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.09) <br>|
| Net realized and unrealized gain (loss) | 1.50<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.47<br>|
| Total from investment operations | 1.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.38<br>|
| Net asset value, end of period | $22.46<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.14<br>|
| **Total return** (c) | 6.24<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.98<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $80856<br>| &nbsp;&nbsp;&nbsp;&nbsp; $66585<br>|
| Ratio of total expenses to average net assets | 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is February 16, 2024, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Buffer & Premium Income ETF - March (XIMR)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $31.21 | &nbsp;&nbsp;&nbsp;&nbsp; $30.77 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.20) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.08) <br>|
| Net realized and unrealized gain (loss) | 2.27<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.21<br>|
| Total from investment operations | 2.07<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.13<br>|
| **Distributions paid to shareholders from:** |  |  |
| Net investment income | (0.42) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.69) <br>|
| Net realized gain | (1.51) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Return of capital | (0.11) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Total distributions | (2.04) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.69) <br>|
| Net asset value, end of period | $31.24<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.21<br>|
| **Total return** (c) | 6.89<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.72<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $40612<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21067<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.66)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.56)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is March 18, 2024, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Moderate Buffer ETF - March (GMAR)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
|  | **2025** | **2024** | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
| Net asset value, beginning of period | $36.32 | &nbsp;&nbsp;&nbsp;&nbsp; $32.23 | &nbsp;&nbsp;&nbsp;&nbsp; $29.64 |
| **Income from investment operations:** |  |  |  |
| Net investment income (loss) (b) | (0.31) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.28) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.12) <br>|
| Net realized and unrealized gain (loss) | 3.74<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.37<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.71<br>|
| Total from investment operations | 3.43<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.09<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.59<br>|
| Net asset value, end of period | $39.75<br>| &nbsp;&nbsp;&nbsp;&nbsp; $36.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.23<br>|
| **Total return** (c) | 9.44<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 12.69<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.74<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |
| Net assets, end of period (in 000's) | $417400<br>| &nbsp;&nbsp;&nbsp;&nbsp; $361428<br>| &nbsp;&nbsp;&nbsp;&nbsp; $115234<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is March 17, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Moderate Buffer ETF - April (GAPR)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
|  | **2025** | **2024** | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
| Net asset value, beginning of period | $36.46 | &nbsp;&nbsp;&nbsp;&nbsp; $31.45 | &nbsp;&nbsp;&nbsp;&nbsp; $29.68 |
| **Income from investment operations:** |  |  |  |
| Net investment income (loss) (b) | (0.31) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.28) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.09) <br>|
| Net realized and unrealized gain (loss) | 2.78<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.29<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.86<br>|
| Total from investment operations | 2.47<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.01<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.77<br>|
| Net asset value, end of period | $38.93<br>| &nbsp;&nbsp;&nbsp;&nbsp; $36.46<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.45<br>|
| **Total return** (c) | 6.77<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.93<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.96<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |
| Net assets, end of period (in 000's) | $248208<br>| &nbsp;&nbsp;&nbsp;&nbsp; $218742<br>| &nbsp;&nbsp;&nbsp;&nbsp; $165902<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is April 21, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Moderate Buffer ETF - May (GMAY)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
|  | **2025** | **2024** | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
| Net asset value, beginning of period | $35.86 | &nbsp;&nbsp;&nbsp;&nbsp; $31.63 | &nbsp;&nbsp;&nbsp;&nbsp; $30.14 |
| **Income from investment operations:** |  |  |  |
| Net investment income (loss) (b) | (0.31) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.28) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.07) <br>|
| Net realized and unrealized gain (loss) | 4.45<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.51<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.56<br>|
| Total from investment operations | 4.14<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.23<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.49<br>|
| Net asset value, end of period | $40.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; $35.86<br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.63<br>|
| **Total return** (c) | 11.54<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.37<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.94<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |
| Net assets, end of period (in 000's) | $302981<br>| &nbsp;&nbsp;&nbsp;&nbsp; $275191<br>| &nbsp;&nbsp;&nbsp;&nbsp; $117046<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is May 19, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Small Cap Moderate Buffer ETF - May (SMAY)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
|  | **2025** | **2024** | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
| Net asset value, beginning of period | $24.42 | &nbsp;&nbsp;&nbsp;&nbsp; $21.06 | &nbsp;&nbsp;&nbsp;&nbsp; $20.08 |
| **Income from investment operations:** |  |  |  |
| Net investment income (loss) (b) | (0.21) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.19) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.05) <br>|
| Net realized and unrealized gain (loss) | 0.84<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.55<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.03<br>|
| Total from investment operations | 0.63<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.36<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.98<br>|
| Net asset value, end of period | $25.05<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24.42<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.06<br>|
| **Total return** (c) | 2.58<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.95<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.88<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |
| Net assets, end of period (in 000's) | $100206<br>| &nbsp;&nbsp;&nbsp;&nbsp; $76925<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30530<br>|
| Ratio of total expenses to average net assets | 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.90)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is May 19, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Buffer & Premium Income ETF - June (XIJN)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $30.89 | &nbsp;&nbsp;&nbsp;&nbsp; $30.49 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.21) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.03) <br>|
| Net realized and unrealized gain (loss) | 2.37<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br>|
| Total from investment operations | 2.16<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.57<br>|
| **Distributions paid to shareholders from:** |  |  |
| Net investment income | (0.21) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.17) <br>|
| Net realized gain | (1.66) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Return of capital | (0.13) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Total distributions | (2.00) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.17) <br>|
| Net asset value, end of period | $31.05<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.89<br>|
| **Total return** (c) | 7.27<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.86<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $14750<br>| &nbsp;&nbsp;&nbsp;&nbsp; $4634<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.67)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.55)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is June 21, 2024, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Moderate Buffer ETF - June (GJUN)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
|  | **2025** | **2024** | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
| Net asset value, beginning of period | $34.96 | &nbsp;&nbsp;&nbsp;&nbsp; $30.53 | &nbsp;&nbsp;&nbsp;&nbsp; $29.88 |
| **Income from investment operations:** |  |  |  |
| Net investment income (loss) (b) | (0.30) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.26) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.05) <br>|
| Net realized and unrealized gain (loss) | 3.75<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.69<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br>|
| Total from investment operations | 3.45<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.43<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br>|
| Net asset value, end of period | $38.41<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.96<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.53<br>|
| **Total return** (c) | 9.87<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.51<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.18<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |
| Net assets, end of period (in 000's) | $339011<br>| &nbsp;&nbsp;&nbsp;&nbsp; $542831<br>| &nbsp;&nbsp;&nbsp;&nbsp; $331204<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.80)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is June 16, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Moderate Buffer ETF - July (GJUL)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
|  | **2025** | **2024** | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
| Net asset value, beginning of period | $35.62 | &nbsp;&nbsp;&nbsp;&nbsp; $30.84 | &nbsp;&nbsp;&nbsp;&nbsp; $30.75 |
| **Income from investment operations:** |  |  |  |
| Net investment income (loss) (b) | (0.30) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.27) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.03) <br>|
| Net realized and unrealized gain (loss) | 4.59<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.05<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.12<br>|
| Total from investment operations | 4.29<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.78<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.09<br>|
| Net asset value, end of period | $39.91<br>| &nbsp;&nbsp;&nbsp;&nbsp; $35.62<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.84<br>|
| **Total return** (c) | 12.04<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.50<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.29<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |
| Net assets, end of period (in 000's) | $604612<br>| &nbsp;&nbsp;&nbsp;&nbsp; $368715<br>| &nbsp;&nbsp;&nbsp;&nbsp; $185814<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is July 21, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Moderate Buffer ETF - August (GAUG)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
|  | **2025** | **2024** | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
| Net asset value, beginning of period | $34.32 | &nbsp;&nbsp;&nbsp;&nbsp; $30.21 | &nbsp;&nbsp;&nbsp;&nbsp; $29.68 |
| **Income from investment operations:** |  |  |  |
| Net investment income (loss) (b) | (0.29) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.26) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.01) <br>|
| Net realized and unrealized gain (loss) | 3.88<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.37<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.54<br>|
| Total from investment operations | 3.59<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.11<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.53<br>|
| Net asset value, end of period | $37.91<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.21<br>|
| **Total return** (c) | 10.46<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.79<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |
| Net assets, end of period (in 000's) | $303294<br>| &nbsp;&nbsp;&nbsp;&nbsp; $175028<br>| &nbsp;&nbsp;&nbsp;&nbsp; $61939<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.85)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is August 18, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Small Cap Moderate Buffer ETF - August (SAUG)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
|  | **2025** | **2024** | **Period** <br>**Ended** <br>**8/31/2023 (a)** |
| Net asset value, beginning of period | $23.25 | &nbsp;&nbsp;&nbsp;&nbsp; $20.26 | &nbsp;&nbsp;&nbsp;&nbsp; $19.94 |
| **Income from investment operations:** |  |  |  |
| Net investment income (loss) (b) | (0.20) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.19) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.00) (c)<br>|
| Net realized and unrealized gain (loss) | 1.66<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.18<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.32<br>|
| Total from investment operations | 1.46<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.99<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.32<br>|
| Net asset value, end of period | $24.71<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.25<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.26<br>|
| **Total return** (d) | 6.28<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.76<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.60<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |
| Net assets, end of period (in 000's) | $98855<br>| &nbsp;&nbsp;&nbsp;&nbsp; $58121<br>| &nbsp;&nbsp;&nbsp;&nbsp; $14184<br>|
| Ratio of total expenses to average net assets | 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % (e)<br>|
| Ratio of net investment income (loss) to average net assets | (0.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.88)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.90)% (e)<br>|
| Portfolio turnover rate (f) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is August 18, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Amount
 represents less than $0.01.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Buffer & Premium Income ETF - September (XISE)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $30.46 | &nbsp;&nbsp;&nbsp;&nbsp; $30.15 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.21) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.19) <br>|
| Net realized and unrealized gain (loss) | 1.99<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.34<br>|
| Total from investment operations | 1.78<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.15<br>|
| **Distributions paid to shareholders from:** |  |  |
| Net investment income | (0.08) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.84) <br>|
| Net realized gain | (1.70) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Return of capital | (0.05) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Total distributions | (1.83) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.84) <br>|
| Net asset value, end of period | $30.41<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.46<br>|
| **Total return** (c) | 6.06<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.31<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $57783<br>| &nbsp;&nbsp;&nbsp;&nbsp; $78442<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.69)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.65)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is September 15, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Moderate Buffer ETF - September (GSEP)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $34.25 | &nbsp;&nbsp;&nbsp;&nbsp; $30.15 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.29) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.26) <br>|
| Net realized and unrealized gain (loss) | 3.73<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.36<br>|
| Total from investment operations | 3.44<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.10<br>|
| Net asset value, end of period | $37.69<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.25<br>|
| **Total return** (c) | 10.04<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.60<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $202579<br>| &nbsp;&nbsp;&nbsp;&nbsp; $128444<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.83)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is September 15, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Moderate Buffer ETF - October (GOCT)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $34.51 | &nbsp;&nbsp;&nbsp;&nbsp; $30.33 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.29) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.24) <br>|
| Net realized and unrealized gain (loss) | 3.42<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.42<br>|
| Total from investment operations | 3.13<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.18<br>|
| Net asset value, end of period | $37.64<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.51<br>|
| **Total return** (c) | 9.07<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.78<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $219228<br>| &nbsp;&nbsp;&nbsp;&nbsp; $95773<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.84)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is October 20, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Moderate Buffer ETF - November (GNOV)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $34.26 | &nbsp;&nbsp;&nbsp;&nbsp; $30.65 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.29) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.21) <br>|
| Net realized and unrealized gain (loss) | 3.50<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.82<br>|
| Total from investment operations | 3.21<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.61<br>|
| Net asset value, end of period | $37.47<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34.26<br>|
| **Total return** (c) | 9.37<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 11.78<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $248248<br>| &nbsp;&nbsp;&nbsp;&nbsp; $158473<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is November 17, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $22.73 | &nbsp;&nbsp;&nbsp;&nbsp; $19.97 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.20) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.15) <br>|
| Net realized and unrealized gain (loss) | 1.72<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.91<br>|
| Total from investment operations | 1.52<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.76<br>|
| Net asset value, end of period | $24.25<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.73<br>|
| **Total return** (c) | 6.69<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.82<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $130968<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22734<br>|
| Ratio of total expenses to average net assets | 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.87)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is November 17, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Buffer & Premium Income ETF - December (XIDE)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $30.41 | &nbsp;&nbsp;&nbsp;&nbsp; $30.04 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.20) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.13) <br>|
| Net realized and unrealized gain (loss) | 2.17<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.67<br>|
| Total from investment operations | 1.97<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.54<br>|
| **Distributions paid to shareholders from:** |  |  |
| Net investment income | (0.13) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.17) <br>|
| Net realized gain | (1.63) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Return of capital | (0.22) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Total distributions | (1.98) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.17) <br>|
| Net asset value, end of period | $30.40<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.41<br>|
| **Total return** (c) | 6.73<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.22<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $22037<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20529<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.67)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.59)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is December 15, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest U.S. Equity Moderate Buffer ETF - December (GDEC)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $32.98 | &nbsp;&nbsp;&nbsp;&nbsp; $30.04 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.28) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.18) <br>|
| Net realized and unrealized gain (loss) | 3.42<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.12<br>|
| Total from investment operations | 3.14<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.94<br>|
| Net asset value, end of period | $36.12<br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.98<br>|
| **Total return** (c) | 9.52<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.79<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $287149<br>| &nbsp;&nbsp;&nbsp;&nbsp; $126966<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is December 15, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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, derivatives and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest Laddered Moderate Buffer ETF (BUFZ)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $23.27 | &nbsp;&nbsp;&nbsp;&nbsp; $19.81 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.02) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.03) <br>|
| Net realized and unrealized gain (loss) | 2.28<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.49<br>|
| Total from investment operations | 2.26<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.46<br>|
| Net asset value, end of period | $25.53<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.27<br>|
| **Total return** (c) | 9.71<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 17.47<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $623002<br>| &nbsp;&nbsp;&nbsp;&nbsp; $229238<br>|
| Ratio of total expenses to average net assets (d) | 0.17<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % (e)<br>|
| Ratio of net expenses to average net assets (d) | 0.10<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.17<br> % (e)<br>|
| Ratio of net investment income (loss) to average net assets (d) | (0.10)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.17)% (e)<br>|
| Portfolio turnover rate (f) | 1<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is October 25, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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. The total returns would have been lower if certain fees
 had not been waived by the investment advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**FT Vest Laddered Small Cap Moderate Buffer ETF (BUFS)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** | **Period** <br>**Ended** <br>**8/31/2024 (a)** |
| Net asset value, beginning of period | $20.96 | &nbsp;&nbsp;&nbsp;&nbsp; $19.84 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | (0.02) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.01) <br>|
| Net realized and unrealized gain (loss) | 1.12<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.13<br>|
| Total from investment operations | 1.10<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.12<br>|
| Net asset value, end of period | $22.06<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.96<br>|
| **Total return** (c) | 5.25<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.65<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $92670<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10481<br>|
| Ratio of total expenses to average net assets (d) | 0.18<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % (e)<br>|
| Ratio of net expenses to average net assets (d) | 0.10<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.15<br> % (e)<br>|
| Ratio of net investment income (loss) to average net assets (d) | (0.10)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.15)% (e)<br>|
| Portfolio turnover rate (f) | 2<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is May 29, 2024, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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. The total returns would have been lower if certain fees
 had not been waived by the investment advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**Notes to Financial Statements**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization**

First Trust Exchange-Traded Fund VIII (the "Trust") is an open-end management investment company organized as a Massachusetts business trust on February 22, 2016, 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 twenty-two funds (each a "Fund" and collectively, the "Funds"), each a non-diversified series of the Trust, listed below. The shares of each Fund are listed and traded on the Cboe BZX Exchange, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| FT Vest U.S. Equity Moderate Buffer ETF - January – (ticker "GJAN") |
| FT Vest U.S. Equity Moderate Buffer ETF - February – (ticker "GFEB") |
| FT Vest U.S. Small Cap Moderate Buffer ETF - February – (ticker "SFEB") |
| FT Vest U.S. Equity Buffer & Premium Income ETF - March – (ticker "XIMR") |
| FT Vest U.S. Equity Moderate Buffer ETF - March – (ticker "GMAR") |
| FT Vest U.S. Equity Moderate Buffer ETF - April – (ticker "GAPR") |
| FT Vest U.S. Equity Moderate Buffer ETF - May – (ticker "GMAY") |
| FT Vest U.S. Small Cap Moderate Buffer ETF - May – (ticker "SMAY") |
| FT Vest U.S. Equity Buffer & Premium Income ETF - June – (ticker "XIJN") |
| FT Vest U.S. Equity Moderate Buffer ETF - June – (ticker "GJUN") |
| FT Vest U.S. Equity Moderate Buffer ETF - July – (ticker "GJUL") |
| FT Vest U.S. Equity Moderate Buffer ETF - August – (ticker "GAUG") |
| FT Vest U.S. Small Cap Moderate Buffer ETF - August – (ticker "SAUG") |
| FT Vest U.S. Equity Buffer & Premium Income ETF - September – (ticker "XISE") |
| FT Vest U.S. Equity Moderate Buffer ETF - September – (ticker "GSEP") |
| FT Vest U.S. Equity Moderate Buffer ETF - October – (ticker "GOCT") |
| FT Vest U.S. Equity Moderate Buffer ETF - November – (ticker "GNOV") |
| FT Vest U.S. Small Cap Moderate Buffer ETF - November – (ticker "SNOV") |
| FT Vest U.S. Equity Buffer & Premium Income ETF - December – (ticker "XIDE") |
| FT Vest U.S. Equity Moderate Buffer ETF - December – (ticker "GDEC") |
| FT Vest Laddered Moderate Buffer ETF – (ticker "BUFZ") |
| FT Vest Laddered Small Cap Moderate Buffer ETF – (ticker "BUFS") |

---

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."

Each Fund is an actively managed exchange-traded fund ("ETF").

The investment objective of GJAN is to seek to provide investors with returns (before fees and expenses) that match the price return of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust (the "Underlying SPDR ETF"), up to a predetermined upside cap of 11.72% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period (an "Outcome Period") from January 21, 2025 through January 16, 2026. Prior to January 21, 2025, the Fund's investment objective included an upside cap of 12.95% and an Outcome Period of January 22, 2024 through January 17, 2025.

The investment objective of GFEB is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying SPDR ETF, up to a predetermined upside cap of 11.98% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from February 24, 2025 through February 20, 2026. Prior to February 24, 2025, the Fund's investment objective included an upside cap of 13.96% and an Outcome Period of February 20, 2024 through February 21, 2025.

The investment objective of SFEB is to seek to provide investors with returns (before fees and expenses) that match the price return of the iShares Russell 2000 ETF (the "Underlying Russell ETF"), up to a predetermined upside cap of 16.47% while providing a buffer (before fees and expenses) against the first 15% of Underlying Russell ETF losses, over the period from February 24, 2025 through February 20, 2026. Prior to February 24, 2025, the Fund's investment objective included an upside cap of 19.28% and an Outcome Period of February 20, 2024 through February 21, 2025.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

The investment objective of XIMR is to seek to provide investors with a consistent level of income that, when annualized, is approximately 7.22% (before fees and expenses) while providing a buffer against the first 10% of Underlying SPDR ETF losses, over the period from March 24, 2025 through March 20, 2026. Prior to March 24, 2025, the Fund's investment objective sought to provide investors with a consistent level of income that, when annualized, was approximately 7.60% and an Outcome Period of March 19, 2024 through March 21, 2025.

The investment objective of GMAR is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying SPDR ETF, up to a predetermined upside cap of 12.20% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from March 24, 2025 through March 20, 2026. Prior to March 24, 2025, the Fund's investment objective included an upside cap of 14.37% and an Outcome Period of March 18, 2024 through March 21, 2025.

The investment objective of GAPR is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying SPDR ETF, up to a predetermined upside cap of 14.78% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from April 21, 2025 through April 17, 2026. Prior to April 21, 2025, the Fund's investment objective included an upside cap of 14.83% and an Outcome Period of April 22, 2024 through April 17, 2025.

The investment objective of GMAY is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying SPDR ETF, up to a predetermined upside cap of 12.32% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from May 19, 2025 through May 15, 2026. Prior to May 19, 2025, the Fund's investment objective included an upside cap of 13.59% and an Outcome Period of May 20, 2024 through May 16, 2025.

The investment objective of SMAY is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying Russell ETF, up to a predetermined upside cap of 16.50% while providing a buffer (before fees and expenses) against the first 15% of Underlying Russell ETF losses, over the period from May 19, 2025 through May 15, 2026. Prior to May 19, 2025, the Fund's investment objective included an upside cap of 17.93% and an Outcome Period of May 20, 2024 through May 16, 2025.

The investment objective of XIJN is to seek to provide investors with a consistent level of income that, when annualized, is approximately 7.88% (before fees and expenses) while providing a buffer against the first 10% of Underlying SPDR ETF losses, over the period from June 23, 2025 through June 18, 2026. Prior to June 23, 2025, the Fund's investment objective sought to provide investors with a consistent level of income that, when annualized, was approximately 7.36% and an Outcome Period of June 24, 2024 through June 20, 2025.

The investment objective of GJUN is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying SPDR ETF, up to a predetermined upside cap of 12.37% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from June 23, 2025 to June 18, 2026. Prior to June 23, 2025, the Fund's investment objective included an upside cap of 13.50% and an Outcome Period of June 24, 2024 through June 20, 2025.

The investment objective of GJUL is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying SPDR ETF, up to a predetermined upside cap of 12.04% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from July 21, 2025 to July 17, 2026. Prior to July 21, 2025, the Fund's investment objective included an upside cap of 13.17% and an Outcome Period of July 22, 2024 through July 18, 2025.

The investment objective of GAUG is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying SPDR ETF, up to a predetermined upside cap of 11.89% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from August 18, 2025 to August 21, 2026. Prior to August 18, 2025, the Fund's investment objective included an upside cap of 12.07% and an Outcome Period of August 19, 2024 through August 15, 2025.

The investment objective of SAUG is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying Russell ETF, up to a predetermined upside cap of 16.88% while providing a buffer (before fees and expenses) against the first 15% of Underlying Russell ETF losses, over the period from August 18, 2025 to August 21, 2026. Prior to August 18, 2025, the Fund's investment objective included an upside cap of 17.27% and an Outcome Period of August 19, 2024 through August 15, 2025.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

The investment objective of XISE is to seek to provide investors with a consistent level of income that, when annualized, is approximately 6.67% (before fees and expenses) while providing a buffer against the first 10% of Underlying SPDR ETF losses, over the period from September 23, 2024 through September 19, 2025. Prior to September 23, 2024, the Fund's investment objective sought to provide investors with a consistent level of income that, when annualized, was approximately 8.19% and an Outcome Period of September 18, 2023 through September 20, 2024.

The investment objective of GSEP is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying SPDR ETF, up to a predetermined upside cap of 11.30% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from September 23, 2024 through September 19, 2025. Prior to September 23, 2024, the Fund's investment objective included an upside cap of 14.76% and an Outcome Period of September 18, 2023 through September 20, 2024.

The investment objective of GOCT is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying SPDR ETF, up to a predetermined upside cap of 11.66% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from October 21, 2024 through October 17, 2025. Prior to October 21, 2024, the Fund's investment objective included an upside cap of 15.50% and an Outcome Period of October 23, 2023 through October 18, 2024.

The investment objective of GNOV is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying SPDR ETF, up to a predetermined upside cap of 12.12% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from November 18, 2024 through November 21, 2025. Prior to November 18, 2024, the Fund's investment objective included an upside cap of 14.27% and an Outcome Period of November 20, 2023 through November 15, 2024.

The investment objective of SNOV is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying Russell ETF, up to a predetermined upside cap of 16.62% while providing a buffer (before fees and expenses) against the first 15% of Underlying Russell ETF losses, over the period from November 18, 2024 through November 21, 2025. Prior to November 18, 2024, the Fund's investment objective included an upside cap of 17.92% and an Outcome Period of November 20, 2023 through November 15, 2024.

The investment objective of XIDE is to seek to provide investors with a consistent level of income that, when annualized, is approximately 7.38% (before fees and expenses) while providing a buffer against the first 10% of Underlying SPDR ETF losses, over the period from December 23, 2024 through December 19, 2025. Prior to December 23, 2024, the Fund's investment objective sought to provide investors with a consistent level of income that, when annualized, was approximately 7.56% and an Outcome Period of December 18, 2023 through December 20, 2024.

The investment objective of GDEC is to seek to provide investors with returns (before fees and expenses) that match the price return of the Underlying SPDR ETF, up to a predetermined upside cap of 12.31% while providing a buffer (before fees and expenses) against the first 15% of Underlying SPDR ETF losses, over the period from December 23, 2024 through December 19, 2025. Prior to December 23, 2024, the Fund's investment objective included an upside cap of 13.31% and an Outcome Period of December 18, 2023 through December 20, 2024.

Under normal market conditions, each Fund, with the exception of BUFZ and BUFS, will invest substantially all of its assets in FLexible EXchange<sup>®</sup> Options ("FLEX Options") that reference the price performance of the SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust or the iShares Russell 2000 ETF (the "Underlying ETF") and, for XIMR, XIJN, XISE and XIDE only, short-term (one year or less) U.S. Treasury securities.

The investment objective of BUFZ is to seek to provide investors with capital appreciation. BUFZ seeks to achieve its investment objective by providing investors with US large-cap equity market exposure while attempting to limit downside risk through a laddered portfolio of twelve FT Vest U.S. Equity Moderate Buffer ETFs ("Underlying Laddered ETFs"). Under normal market conditions, BUFZ will invest substantially all of its assets in Underlying Laddered ETFs. Unlike the Underlying Laddered ETFs, BUFZ itself does not pursue a target outcome strategy. The buffer is only provided by the Underlying Laddered ETFs and BUFZ itself does not provide any stated buffer against losses. In order to understand BUFZ's strategy and risks, it is important to understand the strategies and risks of the Underlying Laddered ETFs.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

The investment objective of BUFS is to seek to provide investors with capital appreciation. BUFS seeks to achieve its investment objective by providing investors with small cap equity market exposure while attempting to limit downside risk through a laddered portfolio of four FT Vest U.S. Small Cap Moderate Buffer ETFs ("Underlying Small Cap Laddered ETFs"). Under normal market conditions, BUFS will invest substantially all of its assets in Underlying Small Cap Laddered ETFs. Unlike the Underlying Small Cap Laddered ETFs, BUFS itself does not pursue a target outcome strategy. The buffer is only provided by the Underlying Small Cap Laddered ETFs and BUFS itself does not provide any stated buffer against losses. In order to understand BUFS's strategy and risks, it is important to understand the strategies and risks of the Underlying Small Cap Laddered ETFs.

**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. 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:

Exchange-traded options contracts (other than FLEX Option contracts) are valued at the closing price in the market where such contracts are principally traded. If no closing price is available, exchange-traded options contracts are valued at the mean of their most recent bid and ask price, if both are available. Over-the-counter options contracts are valued as follows, depending on the market in which the instrument trades: (1) the mean of their most recent bid and ask price, if available; or (2) a price based on the equivalent exchange-traded option. FLEX Option contracts are normally valued using a model-based price provided by a third-party pricing vendor. On days when a trade in a FLEX Option contract occurs within 15 minutes before or after the close of the respective exchange, the trade price will be used to value such FLEX Option contracts in lieu of the model price.

ETFs and other equity securities listed on any national or foreign exchange (excluding Nasdaq, Inc. ("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.

Shares of open-end funds are valued based on NAV per share.

U.S. Treasuries are valued on the basis of valuations provided by a third-party pricing service approved by the Trust's Board of Trustees.

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

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

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.

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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 August 31, 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. Interest income is recorded daily on the accrual basis. Amortization of premiums and accretion of discounts are recorded using the effective interest method.

**C. FLEX Options**

FLEX Options are customized equity or index option contracts that trade on an exchange, but provide investors with the ability to customize key contract terms like exercise prices, styles and expiration dates. FLEX Options are guaranteed for settlement by the Options Clearing Corporation.

Each Fund, with the exception of BUFZ and BUFS, purchases and sells call and put FLEX Options based on the performance of the Underlying ETF. The FLEX Options that each Fund holds that reference the Underlying ETF will give each Fund the right to receive

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

or deliver shares of the Underlying ETF on the option expiration date at a strike price, depending on whether the option is a put or call option and whether each Fund purchases or sells the option. The FLEX Options held by each Fund are European style options, which are exercisable at the strike price only on the FLEX Option expiration date. All options held by each Fund at August 31, 2025 are FLEX Options.

**D. Affiliated Transactions**

BUFZ and BUFS 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 BUFZ at August 31, 2025, and for the fiscal year then ended are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Shares at <br>8/31/2025<br>| Value at <br>8/31/2024<br>| Purchases | Sales | Change in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Realized <br>Gain <br>(Loss)<br>| Value at <br>8/31/2025<br>| Dividend <br>Income<br>|
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> January<br>| 1265521 | $19087956 | $36903392 | $(7332664)<br>| $2642047 | $661561 | $51962292 | $— |
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> February<br>| 1299324 | 19109154 | 36752061 | (7503057)<br>| 2787771 | 749072 | 51895001 |  |
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> March<br>| 1304915 | 19107448 | 37022620 | (7367399)<br>| 2336237 | 732318 | 51831224 |  |
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> April<br>| 1330514 | 19101228 | 37641118 | (7195619)<br>| 1484218 | 779004 | 51809949 |  |
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> May<br>| 1299976 | 19100191 | 36846764 | (7910054)<br>| 3205419 | 708101 | 51950421 |  |
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> June<br>| 1351434 | 19140170 | 36786047 | (7310663)<br>| 2594827 | 684685 | 51895066 |  |
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> July<br>| 1300739 | 19116067 | 36845956 | (8272845)<br>| 3338833 | 897490 | 51925501 |  |
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> August<br>| 1369205 | 19126803 | 36750476 | (7523627)<br>| 2950282 | 657396 | 51961330 |  |
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> September<br>| 1378166 | 19053114 | 36813699 | (7477990)<br>| 2896595 | 616313 | 51901731 |  |
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> October<br>| 1381860 | 19072437 | 37086010 | (7503206)<br>| 2810091 | 504626 | 51969958 |  |
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> November<br>| 1387068 | 19077702 | 36924433 | (7380484)<br>| 2775184 | 576603 | 51973438 |  |
| FT Vest U.S. Equity <br> Moderate Buffer ETF - <br> December<br>| 1438939 | 19095837 | 36825422 | (7353489)<br>| 2756653 | 635664 | 51960087 |  |
|  |  | $229188107 | $443197998 | $(90131097)<br>| $32578157 | $8202833 | $623035998 | $— |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

Amounts relating to investments in affiliated funds in BUFS at August 31, 2025, and for the fiscal year then ended are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Shares at <br>8/31/2025<br>| Value at <br>8/31/2024<br>| Purchases | Sales | Change in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Realized <br>Gain <br>(Loss)<br>| Value at <br>8/31/2025<br>| Dividend <br>Income<br>|
| FT Vest U.S. Small Cap <br> Moderate Buffer ETF - <br> February<br>| 1034772 | $2626959 | $25129881 | $(5641878)<br>| $820598 | $274376 | $23209936 | $— |
| FT Vest U.S. Small Cap <br> Moderate Buffer ETF - May<br>| 923519 | 2616749 | 25511281 | (5386334)<br>| 197365 | 128135 | 23067196 |  |
| FT Vest U.S. Small Cap <br> Moderate Buffer ETF - <br> August<br>| 939611 | 2614418 | 24845813 | (5400519)<br>| 855282 | 237021 | 23152015 |  |
| FT Vest U.S. Small Cap <br> Moderate Buffer ETF - <br> November<br>| 957306 | 2617175 | 24858559 | (5512362)<br>| 1019824 | 260193 | 23243389 |  |
|  |  | $10475301 | $100345534 | $(21941093)<br>| $2893069 | $899725 | $92672536 | $— |

---

**E. Dividends and Distributions to Shareholders**

Dividends from net investment income of each Fund, if any, are declared and paid annually, with the exception of XIMR, XIJN, XISE and XIDE which are declared and paid monthly and BUFZ and BUFS which 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 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. During their applicable taxable periods, the below Funds paid a distribution in 2024 or 2025.

The tax character of distributions paid by each Fund during their taxable period, ending as indicated, was as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Taxable <br>Year End<br>| Distributions <br>paid from <br>Ordinary <br>Income<br>| Distributions <br>paid from <br>Capital <br>Gains<br>| Distributions <br>paid from <br>Return of <br>Capital<br>|
| FT Vest U.S. Equity Moderate Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| FT Vest U.S. Equity Moderate Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| FT Vest U.S. Small Cap Moderate Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Buffer & Premium Income ETF - <br> March<br>| 31-Mar-25 | &nbsp;&nbsp; 1447321 | &nbsp;&nbsp; — | &nbsp;&nbsp; 101033 |
| FT Vest U.S. Equity Moderate Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| FT Vest U.S. Small Cap Moderate Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Buffer & Premium Income ETF - <br> June<br>| 30-Jun-25 | &nbsp;&nbsp; 387962 | &nbsp;&nbsp; — | &nbsp;&nbsp; 30182 |
| FT Vest U.S. Equity Moderate Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| FT Vest U.S. Small Cap Moderate Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Taxable<br> Year End<br>| Distributions<br> paid from<br> Ordinary<br> Income<br>| Distributions<br> paid from<br> Capital<br> Gains<br>| Distributions<br> paid from<br> Return of<br> Capital<br>|
| FT Vest U.S. Equity Buffer & Premium Income ETF - <br> September<br>| 30-Sep-24 | &nbsp;&nbsp; $3982670 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $111334 |
| FT Vest U.S. Equity Moderate Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| FT Vest U.S. Small Cap Moderate Buffer ETF - <br> November<br>| 30-Nov-24 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Buffer & Premium Income ETF - <br> December<br>| 31-Dec-24 | &nbsp;&nbsp; 1178742 | &nbsp;&nbsp; — | &nbsp;&nbsp; 162062 |
| FT Vest U.S. Equity Moderate Buffer ETF - December | 31-Dec-24 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| FT Vest Laddered Moderate Buffer ETF | 31-Aug-25 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| FT Vest Laddered Small Cap Moderate Buffer ETF | 31-Aug-25 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |

---

As of the applicable taxable year end, the components of distributable earnings on a tax basis for each Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Taxable <br>Year-End<br>| Undistributed <br>Ordinary <br>Income<br>| Accumulated <br>Capital and <br>Other <br>Gain (Loss)<br>| Net <br>Unrealized <br>Appreciation <br>(Depreciation)<br>|
| FT Vest U.S. Equity Moderate Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; $(179946)<br>| &nbsp;&nbsp; $(24634513)<br>| &nbsp;&nbsp; $1267389 |
| FT Vest U.S. Equity Moderate Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; (349661)<br>| &nbsp;&nbsp; (28734838)<br>| &nbsp;&nbsp; (922921)<br>|
| FT Vest U.S. Small Cap Moderate Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; (92643)<br>| &nbsp;&nbsp; (6106073)<br>| &nbsp;&nbsp; (422058)<br>|
| FT Vest U.S. Equity Buffer & Premium Income ETF - <br> March<br>| 31-Mar-25 | &nbsp;&nbsp; (54365)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (40011)<br>|
| FT Vest U.S. Equity Moderate Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; (621966)<br>| &nbsp;&nbsp; (23977949)<br>| &nbsp;&nbsp; (2026352)<br>|
| FT Vest U.S. Equity Moderate Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; (617339)<br>| &nbsp;&nbsp; (24532887)<br>| &nbsp;&nbsp; 5156833 |
| FT Vest U.S. Equity Moderate Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; (775995)<br>| &nbsp;&nbsp; (14728135)<br>| &nbsp;&nbsp; (657228)<br>|
| FT Vest U.S. Small Cap Moderate Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; (284324)<br>| &nbsp;&nbsp; (6567320)<br>| &nbsp;&nbsp; (626988)<br>|
| FT Vest U.S. Equity Buffer & Premium Income ETF - <br> June<br>| 30-Jun-25 | &nbsp;&nbsp; (29278)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 75144 |
| FT Vest U.S. Equity Moderate Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; (1145863)<br>| &nbsp;&nbsp; (30883612)<br>| &nbsp;&nbsp; 5500635 |
| FT Vest U.S. Equity Moderate Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; (1492555)<br>| &nbsp;&nbsp; (29729936)<br>| &nbsp;&nbsp; 2043958 |
| FT Vest U.S. Equity Moderate Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; (1245940)<br>| &nbsp;&nbsp; (27547411)<br>| &nbsp;&nbsp; 843830 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; (539398)<br>| &nbsp;&nbsp; (4726501)<br>| &nbsp;&nbsp; 2101948 |
| FT Vest U.S. Equity Buffer & Premium Income ETF - <br> September<br>| 30-Sep-24 | &nbsp;&nbsp; (313483)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 71951 |
| FT Vest U.S. Equity Moderate Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; (806637)<br>| &nbsp;&nbsp; (17109398)<br>| &nbsp;&nbsp; 977214 |
| FT Vest U.S. Equity Moderate Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; (779531)<br>| &nbsp;&nbsp; (15889195)<br>| &nbsp;&nbsp; (2254874)<br>|
| FT Vest U.S. Equity Moderate Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; (1247209)<br>| &nbsp;&nbsp; (28359581)<br>| &nbsp;&nbsp; 3777068 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - <br> November<br>| 30-Nov-24 | &nbsp;&nbsp; (216690)<br>| &nbsp;&nbsp; (3052455)<br>| &nbsp;&nbsp; 1147287 |
| FT Vest U.S. Equity Buffer & Premium Income ETF - <br> December<br>| 31-Dec-24 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 65131 |
| FT Vest U.S. Equity Moderate Buffer ETF - December | 31-Dec-24 | &nbsp;&nbsp; — | &nbsp;&nbsp; (19309970)<br>| &nbsp;&nbsp; (1305708)<br>|
| FT Vest Laddered Moderate Buffer ETF | 31-Aug-25 | &nbsp;&nbsp; (295887)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 40256053 |
| FT Vest Laddered Small Cap Moderate Buffer ETF | 31-Aug-25 | &nbsp;&nbsp; (53153)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 3344988 |

---

**F. Income 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

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

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.

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 GJAN, GFEB, GMAR, GAPR, GMAY, SMAY, GJUN, GJUL, GAUG and SAUG the taxable years ended 2023, 2024 and 2025 remain open to federal and state audit. For SFEB, XIMR, XIJN, BUFZ and BUFS the taxable years ended 2024 and 2025 remain open to federal and state audit. For XISE, GSEP, GOCT, GNOV, SNOV, XIDE and GDEC the taxable years ended 2023 and 2024 remain open for federal and state audit. As of August 31, 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 each Fund's applicable taxable year end, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Taxable <br>Year End<br>| Non-Expiring <br>Capital Loss <br>Carryforwards<br>|
| FT Vest U.S. Equity Moderate Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; $24634513 |
| FT Vest U.S. Equity Moderate Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; 28734838 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; 6106073 |
| FT Vest U.S. Equity Buffer & Premium Income ETF - March | 31-Mar-25 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; 23977949 |
| FT Vest U.S. Equity Moderate Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; 24532887 |
| FT Vest U.S. Equity Moderate Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; 14728135 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; 6567320 |
| FT Vest U.S. Equity Buffer & Premium Income ETF - June | 30-Jun-25 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; 30883612 |
| FT Vest U.S. Equity Moderate Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; 29729936 |
| FT Vest U.S. Equity Moderate Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; 27547411 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; 4726501 |
| FT Vest U.S. Equity Buffer & Premium Income ETF - September | 30-Sep-24 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; 17109398 |
| FT Vest U.S. Equity Moderate Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; 15889195 |
| FT Vest U.S. Equity Moderate Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; 28359581 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; 3052455 |
| FT Vest U.S. Equity Buffer & Premium Income ETF - December | 31-Dec-24 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - December | 31-Dec-24 | &nbsp;&nbsp; 19309970 |
| FT Vest Laddered Moderate Buffer ETF | 31-Aug-25 | &nbsp;&nbsp; — |
| FT Vest Laddered Small Cap Moderate Buffer ETF | 31-Aug-25 | &nbsp;&nbsp; — |

---

During the applicable taxable year end, the Funds listed below utilized non-expiring capital loss carryforwards in the following amounts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | Capital <br>Loss <br>Utilized<br>|
| FT Vest U.S. Equity Buffer & Premium Income ETF - June | $1 |
| FT Vest U.S. Equity Moderate Buffer ETF - July | 2848760 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

Certain losses realized during the current taxable year may be deferred and treated as occurring on the first day of the following taxable year for federal income tax purposes. At each Fund's applicable taxable year end, the following Funds incurred and elected to defer net late year ordinary or capital losses as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | Taxable <br>Year End | Qualified Late Year Losses | Qualified Late Year Losses |
|  | Taxable <br>Year End | Ordinary Losses | Capital Losses |
| FT Vest U.S. Equity Moderate Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; $179946 | &nbsp;&nbsp; $— |
| FT Vest U.S. Equity Moderate Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; 349661 | &nbsp;&nbsp; — |
| FT Vest U.S. Small Cap Moderate Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; 92643 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Buffer & Premium Income ETF - March | 31-Mar-25 | &nbsp;&nbsp; 54365 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; 621966 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; 617339 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; 775995 | &nbsp;&nbsp; — |
| FT Vest U.S. Small Cap Moderate Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; 284324 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Buffer & Premium Income ETF - June | 30-Jun-25 | &nbsp;&nbsp; 29278 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; 1145863 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; 1492555 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; 1245940 | &nbsp;&nbsp; — |
| FT Vest U.S. Small Cap Moderate Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; 539398 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Buffer & Premium Income ETF - September | 30-Sep-24 | &nbsp;&nbsp; 313483 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; 806637 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; 779531 | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; 1247209 | &nbsp;&nbsp; — |
| FT Vest U.S. Small Cap Moderate Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; 216690 | &nbsp;&nbsp; — |
| FT Vest Laddered Moderate Buffer ETF | 31-Aug-25 | &nbsp;&nbsp; 295887 | &nbsp;&nbsp; — |
| FT Vest Laddered Small Cap Moderate Buffer ETF | 31-Aug-25 | &nbsp;&nbsp; 53153 | &nbsp;&nbsp; — |

---

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 each Fund's applicable taxable period, the adjustments were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Taxable <br>Year End<br>| Accumulated <br>Net Investment <br>Income (Loss)<br>| Accumulated <br>Net Realized <br>Gain (Loss) <br>on Investments<br>| Paid-In <br>Capital<br>|
| FT Vest U.S. Equity Moderate Buffer ETF - January | 31-Jan-25 | &nbsp;&nbsp; $2053054 | &nbsp;&nbsp; $(52455536)<br>| &nbsp;&nbsp; $50402482 |
| FT Vest U.S. Equity Moderate Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; 2672248 | &nbsp;&nbsp; (62055377)<br>| &nbsp;&nbsp; 59383129 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - February | 28-Feb-25 | &nbsp;&nbsp; 442291 | &nbsp;&nbsp; (10336968)<br>| &nbsp;&nbsp; 9894677 |
| FT Vest U.S. Equity Buffer & Premium Income ETF - <br> March<br>| 31-Mar-25 | &nbsp;&nbsp; 90652 | &nbsp;&nbsp; (90652)<br>| &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - March | 31-Mar-25 | &nbsp;&nbsp; 2292917 | &nbsp;&nbsp; (44225471)<br>| &nbsp;&nbsp; 41932554 |
| FT Vest U.S. Equity Moderate Buffer ETF - April | 30-Apr-25 | &nbsp;&nbsp; 1503811 | &nbsp;&nbsp; (29022436)<br>| &nbsp;&nbsp; 27518625 |
| FT Vest U.S. Equity Moderate Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; 1607829 | &nbsp;&nbsp; (35474254)<br>| &nbsp;&nbsp; 33866425 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - May | 31-May-25 | &nbsp;&nbsp; 438156 | &nbsp;&nbsp; (7018193)<br>| &nbsp;&nbsp; 6580037 |
| FT Vest U.S. Equity Buffer & Premium Income ETF - <br> June<br>| 30-Jun-25 | &nbsp;&nbsp; 14684 | &nbsp;&nbsp; (14684)<br>| &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - June | 30-Jun-25 | &nbsp;&nbsp; 2847701 | &nbsp;&nbsp; (48603502)<br>| &nbsp;&nbsp; 45755801 |
| FT Vest U.S. Equity Moderate Buffer ETF - July | 31-Jul-25 | &nbsp;&nbsp; 2518401 | &nbsp;&nbsp; (41496401)<br>| &nbsp;&nbsp; 38978000 |
| FT Vest U.S. Equity Moderate Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; 1129597 | &nbsp;&nbsp; (50179559)<br>| &nbsp;&nbsp; 49049962 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - August | 31-Aug-25 | &nbsp;&nbsp; 439792 | &nbsp;&nbsp; (12536875)<br>| &nbsp;&nbsp; 12097083 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Taxable<br> Year End<br>| Accumulated<br> Net Investment<br> Income (Loss)<br>| Accumulated<br> Net Realized<br> Gain (Loss)<br> on Investments<br>| Paid-In<br> Capital<br>|
| FT Vest U.S. Equity Buffer & Premium Income ETF - <br> September<br>| 30-Sep-24 | &nbsp;&nbsp; $36041 | &nbsp;&nbsp; $(36041)<br>| &nbsp;&nbsp; $— |
| FT Vest U.S. Equity Moderate Buffer ETF - September | 30-Sep-24 | &nbsp;&nbsp; 245904 | &nbsp;&nbsp; (36800599)<br>| &nbsp;&nbsp; 36554695 |
| FT Vest U.S. Equity Moderate Buffer ETF - October | 31-Oct-24 | &nbsp;&nbsp; 249191 | &nbsp;&nbsp; (35522735)<br>| &nbsp;&nbsp; 35273544 |
| FT Vest U.S. Equity Moderate Buffer ETF - November | 30-Nov-24 | &nbsp;&nbsp; 107830 | &nbsp;&nbsp; (49203162)<br>| &nbsp;&nbsp; 49095332 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - <br> November<br>| 30-Nov-24 | &nbsp;&nbsp; 9780 | &nbsp;&nbsp; (6600523)<br>| &nbsp;&nbsp; 6590743 |
| FT Vest U.S. Equity Buffer & Premium Income ETF - <br> December<br>| 31-Dec-24 | &nbsp;&nbsp; 125771 | &nbsp;&nbsp; (125771)<br>| &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - December | 31-Dec-24 | &nbsp;&nbsp; 1384055 | &nbsp;&nbsp; (39571671)<br>| &nbsp;&nbsp; 38187616 |
| FT Vest Laddered Moderate Buffer ETF | 31-Aug-25 | &nbsp;&nbsp; 199227 | &nbsp;&nbsp; (8217663)<br>| &nbsp;&nbsp; 8018436 |
| FT Vest Laddered Small Cap Moderate Buffer ETF | 31-Aug-25 | &nbsp;&nbsp; 8916 | &nbsp;&nbsp; (911766)<br>| &nbsp;&nbsp; 902850 |

---

As of August 31, 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Tax Cost | Gross <br> Unrealized <br>Appreciation<br>| Gross <br> Unrealized <br>(Depreciation)<br>| Net Unrealized <br>Appreciation <br>(Depreciation)<br>|
| FT Vest U.S. Equity Moderate Buffer ETF - January | $347405945 | &nbsp;&nbsp; $31361133 | &nbsp;&nbsp; $(11235765)<br>| &nbsp;&nbsp; $20125368 |
| FT Vest U.S. Equity Moderate Buffer ETF - February | 336743296 | &nbsp;&nbsp; 31757741 | &nbsp;&nbsp; (14359044)<br>| &nbsp;&nbsp; 17398697 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - February | 77088643 | &nbsp;&nbsp; 7811643 | &nbsp;&nbsp; (3983382)<br>| &nbsp;&nbsp; 3828261 |
| FT Vest U.S. Equity Buffer & Premium Income ETF - <br> March<br>| 39158803 | &nbsp;&nbsp; 6512123 | &nbsp;&nbsp; (5031027)<br>| &nbsp;&nbsp; 1481096 |
| FT Vest U.S. Equity Moderate Buffer ETF - March | 394332388 | &nbsp;&nbsp; 60804866 | &nbsp;&nbsp; (37444221)<br>| &nbsp;&nbsp; 23360645 |
| FT Vest U.S. Equity Moderate Buffer ETF - April | 231801951 | &nbsp;&nbsp; 50005060 | &nbsp;&nbsp; (33424216)<br>| &nbsp;&nbsp; 16580844 |
| FT Vest U.S. Equity Moderate Buffer ETF - May | 289912635 | &nbsp;&nbsp; 28763339 | &nbsp;&nbsp; (15532963)<br>| &nbsp;&nbsp; 13230376 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - May | 93955127 | &nbsp;&nbsp; 13058468 | &nbsp;&nbsp; (6734656)<br>| &nbsp;&nbsp; 6323812 |
| FT Vest U.S. Equity Buffer & Premium Income ETF - <br> June<br>| 14523461 | &nbsp;&nbsp; 953399 | &nbsp;&nbsp; (717614)<br>| &nbsp;&nbsp; 235785 |
| FT Vest U.S. Equity Moderate Buffer ETF - June | 327059712 | &nbsp;&nbsp; 29524426 | &nbsp;&nbsp; (17337366)<br>| &nbsp;&nbsp; 12187060 |
| FT Vest U.S. Equity Moderate Buffer ETF - July | 595199833 | &nbsp;&nbsp; 19963457 | &nbsp;&nbsp; (10140124)<br>| &nbsp;&nbsp; 9823333 |
| FT Vest U.S. Equity Moderate Buffer ETF - August | 302599242 | &nbsp;&nbsp; 2145541 | &nbsp;&nbsp; (1301711)<br>| &nbsp;&nbsp; 843830 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - August | 96826668 | &nbsp;&nbsp; 4652564 | &nbsp;&nbsp; (2550616)<br>| &nbsp;&nbsp; 2101948 |
| FT Vest U.S. Equity Buffer & Premium Income ETF - <br> September<br>| 54224810 | &nbsp;&nbsp; 10084540 | &nbsp;&nbsp; (6485445)<br>| &nbsp;&nbsp; 3599095 |
| FT Vest U.S. Equity Moderate Buffer ETF - September | 185976042 | &nbsp;&nbsp; 28769291 | &nbsp;&nbsp; (12022676)<br>| &nbsp;&nbsp; 16746615 |
| FT Vest U.S. Equity Moderate Buffer ETF - October | 203964957 | &nbsp;&nbsp; 25325950 | &nbsp;&nbsp; (9911700)<br>| &nbsp;&nbsp; 15414250 |
| FT Vest U.S. Equity Moderate Buffer ETF - November | 231560234 | &nbsp;&nbsp; 26528090 | &nbsp;&nbsp; (9603865)<br>| &nbsp;&nbsp; 16924225 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - <br> November<br>| 128826408 | &nbsp;&nbsp; 7931011 | &nbsp;&nbsp; (5693928)<br>| &nbsp;&nbsp; 2237083 |
| FT Vest U.S. Equity Buffer & Premium Income ETF - <br> December<br>| 20920090 | &nbsp;&nbsp; 2585698 | &nbsp;&nbsp; (1454218)<br>| &nbsp;&nbsp; 1131480 |
| FT Vest U.S. Equity Moderate Buffer ETF - December | 270877294 | &nbsp;&nbsp; 27725135 | &nbsp;&nbsp; (11201246)<br>| &nbsp;&nbsp; 16523889 |
| FT Vest Laddered Moderate Buffer ETF | 582798012 | &nbsp;&nbsp; 40257137 | &nbsp;&nbsp; (1084)<br>| &nbsp;&nbsp; 40256053 |
| FT Vest Laddered Small Cap Moderate Buffer ETF | 89332652 | &nbsp;&nbsp; 3494840 | &nbsp;&nbsp; (149852)<br>| &nbsp;&nbsp; 3344988 |

---

**G. Expenses**

Expenses, other than the investment advisory fee and other excluded expenses, are paid by the Advisor (see Note 3).

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**H. 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 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 paid an annual unitary management fee based on a percentage of each Fund's average daily net assets. In addition, BUFZ and BUFS incur a pro rata share of fees and expenses attributable to investments in other investment companies ("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. The annual unitary management fee payable by each Fund, with the exception of SFEB, SMAY, SAUG, SNOV, BUFZ and BUFS, 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 schedule:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Breakpoints |  |
| Fund net assets up to and including $2.5 billion | 0.85000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.82875<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.80750<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.78625<br> %<br>|
| Fund net assets greater than $10 billion | 0.76500<br> %<br>|

---

For SFEB, SMAY, SAUG and SNOV, the annual unitary management fee payable by each Fund will be calculated pursuant to the following schedule:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Breakpoints |  |
| Fund net assets up to and including $2.5 billion | 0.9000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.8775<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.8550<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.8325<br> %<br>|
| Fund net assets greater than $10 billion | 0.8100<br> %<br>|

---

Effective June 30, 2025, for BUFZ and BUFS, the annual unitary management fee payable by each Fund will be calculated pursuant to the following schedule:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Breakpoints |  |
| Fund net assets up to and including $2.5 billion | 0.1000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.0975<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.0950<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.0925<br> %<br>|
| Fund net assets greater than $10 billion up to and including $15 billion | 0.0900<br> %<br>|
| Fund net assets greater than $15 billion | 0.0850<br> %<br>|

---

Prior to June 30, 2025, for BUFZ and BUFS, the annual unitary management fee payable by each Fund was calculated pursuant to the following schedule:

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Breakpoints |  |
| Fund net assets up to and including $2.5 billion | 0.200<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.195<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.190<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.185<br> %<br>|
| Fund net assets greater than $10 billion up to and including $15 billion | 0.180<br> %<br>|
| Fund net assets greater than $15 billion | 0.170<br> %<br>|

---

Prior to June 30, 2025, for BUFZ and BUFS, the Advisor had agreed to waive management fees of 0.10% of average daily net assets. During any period in which such waiver was in effect, the applicable Fund was not eligible for any breakpoint discounts. During the fiscal year ended August 31, 2025, the Advisor waived fees of $290,141 and $47,594 for BUFZ and BUFS, respectively. Effective June 30, 2025, such waivers were terminated.

First Trust and Vest Financial LLC ("Vest"), an affiliate of First Trust, are responsible for each Fund's expenses, including the cost of transfer agency, sub-advisory, custody, fund administration, legal, audit and other services, but excluding fee payments under the Investment Management Agreement, interest, taxes, acquired fund fees and expenses, 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, and extraordinary expenses.

Vest serves as the Funds' sub-advisor and manages each Fund's portfolio subject to First Trust's supervision. Pursuant to the Investment Management Agreement, between the Trust, on behalf of the Funds, and the Advisor, and the Investment Sub-Advisory Agreement among the Trust, on behalf of the Funds, the Advisor and Vest, First Trust will supervise Vest and its management of the investment of each Fund's assets and will pay Vest for its services as the Funds' sub-advisor a sub-advisory fee equal to 50% of the monthly unitary management fee paid to the Advisor, less Vest's 50% share of the expenses for that month. In the event the Sub-Advisor's share of the expenses exceeds the amount of the sub-advisory fee in any month, the Sub-Advisor will pay the difference to the Advisor. During any period in which the Advisor's management fee is reduced in accordance with the breakpoints described above, the investment sub-advisory fee (which is based on the Advisor's management fee) paid to Vest will be reduced to reflect the reduction in the Advisor's management fee.

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 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.

**4. Purchases and Sales of Securities** 

For the fiscal year ended August 31, 2025, the Funds, except BUFZ and BUFS, had no purchases or sales of investments, excluding short-term investments and in-kind transactions. Each Fund, except BUFZ and BUFS, holds options for a target outcome period of approximately one year based on the expiration date of the options, which occurs on the third Friday of the month corresponding to the month in each Fund name. For securities transactions purposes, the options are considered short-term investments.

For the fiscal year ended August 31, 2025, the cost of purchases and proceeds from sales of investments for BUFZ and BUFS, excluding short-term investments and in-kind transactions, were as follows:

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| FT Vest Laddered Moderate Buffer ETF | $2987755 | &nbsp;&nbsp; $3234658 |
| FT Vest Laddered Small Cap Moderate Buffer ETF | 960022 | &nbsp;&nbsp; 990027 |

---

For the fiscal year ended August 31, 2025, the cost of in-kind purchases and proceeds from in-kind sales for each Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| FT Vest U.S. Equity Moderate Buffer ETF - January | $31622268 | &nbsp;&nbsp; $275434640 |
| FT Vest U.S. Equity Moderate Buffer ETF - February | 217273670 | &nbsp;&nbsp; 406311412 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - February | 9460266 | &nbsp;&nbsp; 93534057 |
| FT Vest U.S. Equity Buffer & Premium Income ETF - March |  | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - March | 294011350 | &nbsp;&nbsp; 416745912 |
| FT Vest U.S. Equity Moderate Buffer ETF - April | 163776252 | &nbsp;&nbsp; 236962958 |
| FT Vest U.S. Equity Moderate Buffer ETF - May | 227923478 | &nbsp;&nbsp; 326383900 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - May | 93222272 | &nbsp;&nbsp; 104501206 |
| FT Vest U.S. Equity Buffer & Premium Income ETF - June |  | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - June | 259331060 | &nbsp;&nbsp; 565882985 |
| FT Vest U.S. Equity Moderate Buffer ETF - July | 174091168 | &nbsp;&nbsp; 343481805 |
| FT Vest U.S. Equity Moderate Buffer ETF - August | 67017603 | &nbsp;&nbsp; 360417326 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - August | 102662907 | &nbsp;&nbsp; 118291331 |
| FT Vest U.S. Equity Buffer & Premium Income ETF - September |  | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - September | 9566665 | &nbsp;&nbsp; 179809717 |
| FT Vest U.S. Equity Moderate Buffer ETF - October | 20786175 | &nbsp;&nbsp; 152569721 |
| FT Vest U.S. Equity Moderate Buffer ETF - November | 8167365 | &nbsp;&nbsp; 228464046 |
| FT Vest U.S. Small Cap Moderate Buffer ETF - November | 11503048 | &nbsp;&nbsp; 64685131 |
| FT Vest U.S. Equity Buffer & Premium Income ETF - December |  | &nbsp;&nbsp; — |
| FT Vest U.S. Equity Moderate Buffer ETF - December | 30527238 | &nbsp;&nbsp; 408416043 |
| FT Vest Laddered Moderate Buffer ETF | 440210243 | &nbsp;&nbsp; 86896439 |
| FT Vest Laddered Small Cap Moderate Buffer ETF | 99385512 | &nbsp;&nbsp; 20951066 |

---

**5. Derivative Transactions** 

The following table presents the types of derivatives held by each Fund at August 31, 2025, the primary underlying risk exposure and the location of these instruments as presented on the Statements of Assets and Liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Asset Derivatives** | **Asset Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| **Derivative** <br>**Instrument**<br>| **Risk** <br>**Exposure**<br>| **Statements of Assets and** <br>**Liabilities Location**<br>| **Value** | **Statements of Assets and** <br>**Liabilities Location**<br>| **Value** |
| **GJAN** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; $375291813 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; $10053030 |
| **GFEB** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 363280860 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 11666883 |
| **SFEB** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 83469862 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 3161473 |
| **XIMR** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 46177321 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 7441574 |
| **GMAR** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 447597868 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 33048766 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Asset Derivatives** | **Asset Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| **Derivative**<br> **Instrument**<br>| **Risk**<br> **Exposure**<br>| **Statements of Assets and**<br> **Liabilities Location**<br>| **Value** | **Statements of Assets and**<br> **Liabilities Location**<br>| **Value** |
| **GAPR** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; $277362412 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; $30994604 |
| **GMAY** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 317417474 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 16962913 |
| **SMAY** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 106852412 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 7490769 |
| **XIJN** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 16049044 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 2269580 |
| **GJUN** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 357061375 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 21123451 |
| **GJUL** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 624898405 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 26242980 |
| **GAUG** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 313001982 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 12951255 |
| **SAUG** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 104206827 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 6427683 |
| **XISE** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 64939603 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 7775404 |
| **GSEP** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 207344183 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 5293665 |
| **GOCT** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 221628330 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 3173940 |
| **GNOV** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 252688688 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 5428920 |
| **SNOV** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 131647932 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 1265446 |
| **XIDE** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 23939517 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 2540406 |
| **GDEC** |  |  |  |  |  |
| Options contracts | Equity Risk | &nbsp;&nbsp; Options contracts <br> purchased, at value<br>| &nbsp;&nbsp; 292238091 | &nbsp;&nbsp; Options contracts written, <br> at value<br>| &nbsp;&nbsp; 6438856 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

The following table presents the amount of net realized gain (loss) and change in net unrealized appreciation (depreciation) recognized for the fiscal year ended August 31, 2025, on each Fund's derivative instruments, as well as the primary underlying risk exposure associated with the instruments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Statements of Operations Location** | **GJAN**  | **GFEB**  | **SFEB**  | **XIMR**  | **GMAR**  |
| **Equity Risk Exposure** |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |
| Purchased options contracts | $44123135 | &nbsp;&nbsp; $55187208 | &nbsp;&nbsp; $2362337 | &nbsp;&nbsp; $722208 | &nbsp;&nbsp; $26534006 |
| Written options contracts | (17060115)<br>| &nbsp;&nbsp; (10761972)<br>| &nbsp;&nbsp; 3057714 | &nbsp;&nbsp; 843375 | &nbsp;&nbsp; 7820494 |
| Net change in unrealized appreciation <br>(depreciation) on:<br>|  |  |  |  |  |
| Purchased options contracts | (11547232)<br>| &nbsp;&nbsp; (16578657)<br>| &nbsp;&nbsp; 492507 | &nbsp;&nbsp; 2710769 | &nbsp;&nbsp; 16025230 |
| Written options contracts | 14654914 | &nbsp;&nbsp; 6916640 | &nbsp;&nbsp; 284 | &nbsp;&nbsp; (1885975)<br>| &nbsp;&nbsp; (13607179)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Statements of Operations Location** | **GAPR**  | **GMAY**  | **SMAY**  | **XIJN**  | **GJUN**  |
| **Equity Risk Exposure** |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |
| Purchased options contracts | $7500159 | &nbsp;&nbsp; $26170607 | &nbsp;&nbsp; $(2035608)<br>| &nbsp;&nbsp; $124514 | &nbsp;&nbsp; $29655174 |
| Written options contracts | 8606533 | &nbsp;&nbsp; 5556577 | &nbsp;&nbsp; 3440566 | &nbsp;&nbsp; 277961 | &nbsp;&nbsp; 8625146 |
| Net change in unrealized appreciation <br>(depreciation) on:<br>|  |  |  |  |  |
| Purchased options contracts | 13022878 | &nbsp;&nbsp; 5101586 | &nbsp;&nbsp; 4347802 | &nbsp;&nbsp; 440308 | &nbsp;&nbsp; 5213048 |
| Written options contracts | (10877114)<br>| &nbsp;&nbsp; (2531277)<br>| &nbsp;&nbsp; (1386347)<br>| &nbsp;&nbsp; (275050)<br>| &nbsp;&nbsp; (7172180)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Statements of Operations Location** | **GJUL**  | **GAUG**  | **SAUG**  | **XISE**  | **GSEP**  |
| **Equity Risk Exposure** |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |
| Purchased options contracts | $37136191 | &nbsp;&nbsp; $30531919 | &nbsp;&nbsp; $3628294 | &nbsp;&nbsp; $14075660 | &nbsp;&nbsp; $27027185 |
| Written options contracts | 7514004 | &nbsp;&nbsp; (82515)<br>| &nbsp;&nbsp; 5009968 | &nbsp;&nbsp; (9558659)<br>| &nbsp;&nbsp; (10623378)<br>|
| Net change in unrealized appreciation <br>(depreciation) on:<br>|  |  |  |  |  |
| Purchased options contracts | 3192773 | &nbsp;&nbsp; (702426)<br>| &nbsp;&nbsp; 1593343 | &nbsp;&nbsp; (6732296)<br>| &nbsp;&nbsp; (5118061)<br>|
| Written options contracts | (870720)<br>| &nbsp;&nbsp; 133804 | &nbsp;&nbsp; (456533)<br>| &nbsp;&nbsp; 6617472 | &nbsp;&nbsp; 11272794 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Statements of Operations Location** | **GOCT**  | **GNOV**  | **SNOV**  | **XIDE**  | **GDEC**  |
| **Equity Risk Exposure** |  |  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |  |
| Purchased options contracts | $21511602 | &nbsp;&nbsp; $35534473 | &nbsp;&nbsp; $3518037 | &nbsp;&nbsp; $4073488 | &nbsp;&nbsp; $30051108 |
| Written options contracts | (13020986)<br>| &nbsp;&nbsp; (15212913)<br>| &nbsp;&nbsp; 1217252 | &nbsp;&nbsp; (2634623)<br>| &nbsp;&nbsp; (9742303)<br>|
| Net change in unrealized appreciation <br>(depreciation) on:<br>|  |  |  |  |  |
| Purchased options contracts | (3936313)<br>| &nbsp;&nbsp; (13265921)<br>| &nbsp;&nbsp; (3073364)<br>| &nbsp;&nbsp; (1538257)<br>| &nbsp;&nbsp; (2427222)<br>|
| Written options contracts | 15833795 | &nbsp;&nbsp; 16130676 | &nbsp;&nbsp; 3980625 | &nbsp;&nbsp; 1796094 | &nbsp;&nbsp; 10457514 |

---

The Funds do not have the right to offset financial assets and financial liabilities related to options contracts on the Statements of Assets and Liabilities.

The following table presents the premiums for purchased options contracts opened, premiums for purchased options contracts closed, exercised and expired, premiums for written options contracts opened, and premiums for written options contracts closed, exercised and expired, for the fiscal year ended August 31, 2025, on each Fund's options contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Premiums for** <br>**purchased** <br>**options contracts** <br>**opened**<br>| **Premiums for** <br>**purchased** <br>**options contracts** <br>**closed, exercised** <br>**and expired**<br>| **Premiums for** <br>**written options** <br>**contracts opened**<br>| **Premiums for** <br>**written options** <br>**contracts closed,** <br>**exercised and** <br>**expired**<br>|
| GJAN | $625113161 | &nbsp;&nbsp; $509334105 | &nbsp;&nbsp; $33018473 | &nbsp;&nbsp; $27111219 |
| GFEB | 636432404 | &nbsp;&nbsp; 667448529 | &nbsp;&nbsp; 30815552 | &nbsp;&nbsp; 31493707 |
| SFEB | 167207438 | &nbsp;&nbsp; 152631983 | &nbsp;&nbsp; 5168718 | &nbsp;&nbsp; 4250623 |
| XIMR | 57746704 | &nbsp;&nbsp; 37303604 | &nbsp;&nbsp; 7023201 | &nbsp;&nbsp; 4461528 |
| GMAR | 790142151 | &nbsp;&nbsp; 731685008 | &nbsp;&nbsp; 23090452 | &nbsp;&nbsp; 17763030 |
| GAPR | 442948184 | &nbsp;&nbsp; 409244211 | &nbsp;&nbsp; 19697398 | &nbsp;&nbsp; 13034121 |
| GMAY | 567252856 | &nbsp;&nbsp; 537589358 | &nbsp;&nbsp; 15230920 | &nbsp;&nbsp; 10492904 |
| SMAY | 222752334 | &nbsp;&nbsp; 200018107 | &nbsp;&nbsp; 7198665 | &nbsp;&nbsp; 4614089 |
| XIJN | 22969485 | &nbsp;&nbsp; 12203414 | &nbsp;&nbsp; 2814511 | &nbsp;&nbsp; 1331652 |
| GJUN | 643432484 | &nbsp;&nbsp; 845846610 | &nbsp;&nbsp; 18790291 | &nbsp;&nbsp; 21290216 |
| GJUL | 894586120 | &nbsp;&nbsp; 650202125 | &nbsp;&nbsp; 31367879 | &nbsp;&nbsp; 18242428 |
| GAUG | 749529860 | &nbsp;&nbsp; 615764264 | &nbsp;&nbsp; 28649288 | &nbsp;&nbsp; 22285129 |
| SAUG | 260420009 | &nbsp;&nbsp; 218673268 | &nbsp;&nbsp; 8522760 | &nbsp;&nbsp; 5929670 |
| XISE | 87246423 | &nbsp;&nbsp; 114004117 | &nbsp;&nbsp; 8351659 | &nbsp;&nbsp; 15018025 |
| GSEP | 410506303 | &nbsp;&nbsp; 340273522 | &nbsp;&nbsp; 22176966 | &nbsp;&nbsp; 19700991 |
| GOCT | 353866774 | &nbsp;&nbsp; 239856125 | &nbsp;&nbsp; 22906785 | &nbsp;&nbsp; 19948664 |
| GNOV | 507361817 | &nbsp;&nbsp; 417230635 | &nbsp;&nbsp; 39051517 | &nbsp;&nbsp; 35411345 |
| SNOV | 211583773 | &nbsp;&nbsp; 101324946 | &nbsp;&nbsp; 11136490 | &nbsp;&nbsp; 7699734 |
| XIDE | 29668010 | &nbsp;&nbsp; 28517232 | &nbsp;&nbsp; 3132247 | &nbsp;&nbsp; 3229536 |
| GDEC | 942116439 | &nbsp;&nbsp; 785187386 | &nbsp;&nbsp; 59221620 | &nbsp;&nbsp; 53554378 |

---

**6. 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 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

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

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.

**7. 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 December 31, 2026.

**8. 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.

**9. 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 the following subsequent events:

As of September 22, 2025, the investment objective of XISE changed to include a consistent level of income of 6.88% and an Outcome Period of September 22, 2025 through September 18, 2026.

As of September 22, 2025, the investment objective of GSEP changed to include an upside cap of 11.48% and an Outcome Period of September 22, 2025 through September 18, 2026.

As of October 20, 2025, the investment objective of GOCT changed to include an upside cap of 12.14% and an Outcome Period of October 20, 2025 through October 16, 2026.

------

**Report of Independent Registered Public Accounting Firm**

**To the Shareholders and the Board of Trustees of First Trust Exchange-Traded Fund VIII:**

**Opinion on the Financial Statements and Financial Highlights**

We have audited the accompanying statements of assets and liabilities, including the portfolios of investments, of FT Vest U.S. Equity Moderate Buffer ETF - January, FT Vest U.S. Equity Moderate Buffer ETF - February, FT Vest U.S. Small Cap Moderate Buffer ETF - February, FT Vest U.S. Equity Buffer & Premium Income ETF - March, FT Vest U.S. Equity Moderate Buffer ETF - March, FT Vest U.S. Equity Moderate Buffer ETF - April, FT Vest U.S. Equity Moderate Buffer ETF - May, FT Vest U.S. Small Cap Moderate Buffer ETF - May, FT Vest U.S. Equity Buffer & Premium Income ETF - June, FT Vest U.S. Equity Moderate Buffer ETF - June, FT Vest U.S. Equity Moderate Buffer ETF - July, FT Vest U.S. Equity Moderate Buffer ETF - August, FT Vest U.S. Small Cap Moderate Buffer ETF - August, FT Vest U.S. Equity Buffer & Premium Income ETF - September, FT Vest U.S. Equity Moderate Buffer ETF - September, FT Vest U.S. Equity Moderate Buffer ETF - October, FT Vest U.S. Equity Moderate Buffer ETF - November, FT Vest U.S. Small Cap Moderate Buffer ETF - November, FT Vest U.S. Equity Buffer & Premium Income ETF - December, FT Vest U.S. Equity Moderate Buffer ETF - December, FT Vest Laddered Moderate Buffer ETF, and FT Vest Laddered Small Cap Moderate Buffer ETF (the "Funds"), each a series of the First Trust Exchange-Traded Fund VIII, as of August 31, 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 the Funds as of August 31, 2025, and the results of their operations, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Individual Funds <br>Included in the Trust<br>| Statements of <br>Changes in Net Assets<br>| Financial Highlights |
| FT Vest U.S. Equity Moderate <br> Buffer ETF - January<br>| For the years ended August 31, <br> 2025 and 2024<br>| For the years ended August 31, 2025, 2024, and for the period <br> from January 20, 2023 (commencement of investment <br> operations) through August 31, 2023<br>|
| FT Vest U.S. Equity Moderate <br> Buffer ETF - February<br>| For the years ended August 31, <br> 2025 and 2024<br>| For the years ended August 31, 2025, 2024, and for the period <br> from February 17, 2023 (commencement of investment <br> operations) through August 31, 2023<br>|
| FT Vest U.S. Small Cap <br> Moderate Buffer ETF - <br> February<br>| For the year ended August 31, 2025, and for the period from February 16, 2024 (commencement <br> of investment operations) through August 31, 2024 | For the year ended August 31, 2025, and for the period from February 16, 2024 (commencement <br> of investment operations) through August 31, 2024 |
| FT Vest U.S. Equity Buffer & <br> Premium Income ETF - March<br>| For the year ended August 31, 2025, and for the period from March 18, 2024 (commencement of <br> investment operations) through August 31, 2024 | For the year ended August 31, 2025, and for the period from March 18, 2024 (commencement of <br> investment operations) through August 31, 2024 |
| FT Vest U.S. Equity Moderate <br> Buffer ETF - March<br>| For the years ended August 31, <br> 2025 and 2024<br>| For the years ended August 31, 2025, 2024, and for the period <br> from March 17, 2023 (commencement of investment <br> operations) through August 31, 2023<br>|
| FT Vest U.S. Equity Moderate <br> Buffer ETF - April<br>| For the years ended August 31, <br> 2025 and 2024<br>| For the years ended August 31, 2025, 2024, and for the period <br> from April 21, 2023 (commencement of investment operations) <br> through August 31, 2023<br>|
| FT Vest U.S. Equity Moderate <br> Buffer ETF - May<br>| For the years ended August 31, <br> 2025 and 2024 | For the years ended August 31, 2025, 2024, and for the period <br> from May 19, 2023 (commencement of investment operations) <br> through August 31, 2023 |
| FT Vest U.S. Small Cap <br> Moderate Buffer ETF - May<br>| For the years ended August 31, <br> 2025 and 2024 | For the years ended August 31, 2025, 2024, and for the period <br> from May 19, 2023 (commencement of investment operations) <br> through August 31, 2023 |
| FT Vest U.S. Equity Buffer & <br> Premium Income ETF - June<br>| For the year ended August 31, 2025, and the period from June 21, 2024 (commencement of <br> investment operations) through August 31, 2024 | For the year ended August 31, 2025, and the period from June 21, 2024 (commencement of <br> investment operations) through August 31, 2024 |
| FT Vest U.S. Equity Moderate <br> Buffer ETF - June<br>| For the years ended August 31, <br> 2025 and 2024<br>| For the years ended August 31, 2025, 2024, and for the period <br> from June 16, 2023 (commencement of investment operations) <br> through August 31, 2023<br>|
| FT Vest U.S. Equity Moderate <br> Buffer ETF - July<br>| For the years ended August 31, <br> 2025 and 2024<br>| For the years ended August 31, 2025, 2024, and for the period <br> from July 21, 2023 (commencement of investment operations) <br> through August 31, 2023<br>|
| FT Vest U.S. Equity Moderate <br> Buffer ETF - August<br>| For the years ended August 31, <br> 2025 and 2024 | For the years ended August 31, 2025, 2024, and for the period <br> from August 18, 2023 (commencement of investment <br> operations) through August 31, 2023 |
| FT Vest U.S. Small Cap <br> Moderate Buffer ETF - August<br>| For the years ended August 31, <br> 2025 and 2024 | For the years ended August 31, 2025, 2024, and for the period <br> from August 18, 2023 (commencement of investment <br> operations) through August 31, 2023 |

---

------

**Report of Independent Registered Public Accounting Firm (Continued)**

---

| | | |
|:---|:---|:---|
| Individual Funds<br> Included in the Trust<br>| Statements of<br> Changes in Net Assets<br>| Financial Highlights |
| FT Vest U.S. Equity Buffer & <br> Premium Income ETF - <br> September<br>| For the year August 31, 2025, and for the period from September 15, 2023 (commencement of <br> investment operations) through August 31, 2024 | For the year August 31, 2025, and for the period from September 15, 2023 (commencement of <br> investment operations) through August 31, 2024 |
| FT Vest U.S. Equity Moderate <br> Buffer ETF - September<br>| For the year August 31, 2025, and for the period from September 15, 2023 (commencement of <br> investment operations) through August 31, 2024 | For the year August 31, 2025, and for the period from September 15, 2023 (commencement of <br> investment operations) through August 31, 2024 |
| FT Vest U.S. Equity Moderate <br> Buffer ETF - October<br>| For the year ended August 31, 2025, and the period from October 20, 2023 (commencement of <br> investment operations) through August 31, 2024 | For the year ended August 31, 2025, and the period from October 20, 2023 (commencement of <br> investment operations) through August 31, 2024 |
| FT Vest U.S. Equity Moderate <br> Buffer ETF - November<br>| For the year ended August 31, 2025, and the period from November 17, 2023 (commencement of <br> investment operations) through August 31, 2024 | For the year ended August 31, 2025, and the period from November 17, 2023 (commencement of <br> investment operations) through August 31, 2024 |
| FT Vest U.S. Small Cap <br> Moderate Buffer ETF - <br> November<br>| For the year ended August 31, 2025, and the period from November 17, 2023 (commencement of <br> investment operations) through August 31, 2024 | For the year ended August 31, 2025, and the period from November 17, 2023 (commencement of <br> investment operations) through August 31, 2024 |
| FT Vest U.S. Equity Buffer & <br> Premium Income ETF - <br> December<br>| For the year ended August 31, 2025, and the period from December 15, 2023 (commencement of <br> investment operations) through August 31, 2024 | For the year ended August 31, 2025, and the period from December 15, 2023 (commencement of <br> investment operations) through August 31, 2024 |
| FT Vest U.S. Equity Moderate <br> Buffer ETF - December<br>| For the year ended August 31, 2025, and the period from December 15, 2023 (commencement of <br> investment operations) through August 31, 2024 | For the year ended August 31, 2025, and the period from December 15, 2023 (commencement of <br> investment operations) through August 31, 2024 |
| FT Vest Laddered Moderate <br> Buffer ETF<br>| For the year ended August 31, 2025, and the period from October 25, 2023 (commencement of <br> investment operations) through August 31, 2024 | For the year ended August 31, 2025, and the period from October 25, 2023 (commencement of <br> investment operations) through August 31, 2024 |
| FT Vest Laddered Small Cap <br> Moderate Buffer ETF<br>| For the year ended August 31, 2025, and the period from May 29, 2024 (commencement of <br> investment operations) through August 31, 2024 | For the year ended August 31, 2025, and the period from May 29, 2024 (commencement of <br> investment operations) through August 31, 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 August 31, 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

October 23, 2025

We have served as the auditor of one or more First Trust investment companies since 2001.

------

**Other Information**

**First Trust Exchange-Traded Fund VIII**

**August 31, 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 August 31, 2025.

**Proxy Disclosures (Item 9 of Form N-CSR)**

At a special meeting of shareholders of First Trust Exchange-Traded Fund VIII (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| James A. Bowen\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931952816 <br>5974259<br>|
| Thomas J. Driscoll\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931990349 <br>5936726<br>|
| Richard E. Erickson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931309705 <br>6617370<br>|
| Thomas R. Kadlec\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931262372 <br>6664703<br>|
| Denise M. Keefe\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932234496 <br>5692579<br>|
| Robert F. Keith\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931417790 <br>6509285<br>|
| Niel B. Nielson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931068296 <br>6858779<br>|
| Bronwyn Wright\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841558465 <br>96368610<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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.

**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 VIII (the "Trust"), including the Independent Trustees, unanimously approved the continuation of the Investment Management Agreement (the "Advisory Agreement") with First Trust Advisors L.P. (the "Advisor") and the Investment Sub-Advisory Agreements (as applicable to a specific Fund, the "Sub-Advisory Agreement" and

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

collectively, the "Sub-Advisory Agreements" and together with the Advisory Agreement, the "Agreements") among the Trust, the Advisor and Vest Financial LLC (the "Sub-Advisor") on behalf of the following series of the Trust (each a "Fund" and collectively, the "Funds"):

FT Vest U.S. Equity Moderate Buffer ETF - January (GJAN)

FT Vest U.S. Equity Moderate Buffer ETF - February (GFEB)

FT Vest U.S. Small Cap Moderate Buffer ETF - February (SFEB)

FT Vest U.S. Equity Buffer & Premium Income ETF - March (XIMR)

FT Vest U.S. Equity Moderate Buffer ETF - March (GMAR)

FT Vest U.S. Equity Moderate Buffer ETF - April (GAPR)

FT Vest U.S. Equity Moderate Buffer ETF - May (GMAY)

FT Vest U.S. Small Cap Moderate Buffer ETF - May (SMAY)

FT Vest U.S. Equity Buffer & Premium Income ETF - June (XIJN)

FT Vest U.S. Equity Moderate Buffer ETF - June (GJUN)

FT Vest U.S. Equity Moderate Buffer ETF - July (GJUL)

FT Vest U.S. Equity Moderate Buffer ETF - August (GAUG)

FT Vest U.S. Small Cap Moderate Buffer ETF - August (SAUG)

FT Vest U.S. Equity Buffer & Premium Income ETF - September (XISE)

FT Vest U.S. Equity Moderate Buffer ETF - September (GSEP)

FT Vest U.S. Equity Moderate Buffer ETF - October (GOCT)

FT Vest U.S. Equity Moderate Buffer ETF - November (GNOV)

FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV)

FT Vest U.S. Equity Buffer & Premium Income ETF - December (XIDE)

FT Vest U.S. Equity Moderate Buffer ETF - December (GDEC)

FT Vest Laddered Moderate Buffer ETF (BUFZ)

FT Vest Laddered Small Cap Moderate Buffer ETF (BUFS)

The Board approved the continuation of the applicable Agreements 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 applicable Agreements 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 and the Sub-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 and the Sub-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 sub-advisory fee as compared to fees charged to other clients of the Sub-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 and the Sub-Advisor to realize economies of scale, if any; profitability and other financial data for the Advisor; financial data for the Sub-Advisor; any indirect benefits to the Advisor and its affiliates, First Trust Portfolios L.P. ("FTP") and First Trust Capital Partners, LLC ("FTCP"), and the Sub-Advisor; and information on the Advisor's and the Sub-Advisor's compliance programs. 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 and the Sub-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

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

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 arrangements between the Trust and the Advisor and among the Trust, the Advisor and the Sub-Advisor continue to be reasonable business arrangements 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 and the Sub-Advisor manage the Fund and knowing the Fund's unitary fee.

In reviewing the applicable Agreements for each Fund, the Board considered the nature, extent and quality of the services provided by the Advisor and the Sub-Advisor under the applicable Agreements. With respect to the Advisory 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, including the oversight of the Sub-Advisor, as well as the background and experience of the persons responsible for such services. The Board noted that the Advisor oversees the Sub-Advisor's day-to-day management of each Fund's investments, including portfolio risk monitoring and performance review. 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, the Sub-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. With respect to the Sub-Advisory Agreements, the Board noted that each Fund is an actively-managed ETF and the Sub-Advisor actively manages the Fund's investments. In addition to the written materials provided by the Sub-Advisor, at the June 8–9, 2025 meeting, the Board also received a presentation from representatives of the Sub-Advisor, who discussed the services that the Sub-Advisor provides to each Fund, including the Sub-Advisor's day-to-day management of the Funds' investments. In considering the Sub-Advisor's management of the Funds, the Board noted the background and experience of the Sub-Advisor's portfolio management team. 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 and the Sub-Advisor under the Agreements have been and are expected to remain satisfactory and that the Sub-Advisor, under the oversight of 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 Advisory Agreement for the services provided. The Board noted that the sub-advisory fee for each Fund is paid by the Advisor from the Fund's unitary fee. The Board considered that as part of the unitary fee the Advisor is responsible for each Fund's expenses, including the cost of sub-advisory, transfer agency, custody, fund administration, legal, audit and other services and license fees, if any, but excluding the fee payment under the Advisory 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 noted that, because each of BUFZ and BUFS invests in underlying ETFs in the First Trust Fund Complex, each such Fund incurs acquired fund fees and expenses, which are not payable out of the unitary fee. 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 and the Sub-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 (excluding acquired fund fees and expenses) for each of BUFZ and BUFS was below the median total (net) expense ratio (excluding acquired fund fees and expenses) of the peer funds in its respective Expense Group and that the total (net) expense ratio for each other Fund was above the median total (net) expense ratio of the peer funds in its respective Expense Group. The Board also noted that the total (net) expense ratio (including acquired fund fees and expenses) for each of BUFZ and BUFS 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 actively-managed ETFs, and different business models that may affect the pricing of services among ETF sponsors. The Board also noted that, for each Fund, not all peer funds employ an advisor/sub-advisor management structure. 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. The Board noted that, at the June 8–9, 2025 meeting, it approved a fee reduction and termination of a temporary expense waiver for BUFZ and BUFS, to be effective June 30, 2025. 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.

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

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 and the Sub-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 comparing each Fund's performance for the one-year period ended December 31, 2024 to the performance of the funds in its Performance Universe and to that of a benchmark index. The Board noted that all of the Funds, except for BUFZ and BUFS, are target outcome ETFs that seek to provide investors with returns (before fees and expenses) over a defined period of time (typically one year) that, for each of GJAN, GFEB, GMAR, GAPR, GMAY, GJUN, GJUL, GAUG, GSEP, GOCT, GNOV and GDEC match the price return of the SPDR S&P 500 ETF Trust ("SPY"), up to a predetermined cap, for each of SFEB, SMAY, SAUG and SNOV match the price return of the iShares Russell 2000 ETF ("IWM"), up to a predetermined cap, and for each of XIMR, XIJN, XISE and XIDE represent a consistent level of income at a predetermined annualized rate, while providing a buffer against certain losses on the price return of SPY or IWM, as applicable. For each Fund, the Board considered, as applicable, information provided by the Sub-Advisor on each Fund's performance during its respective target outcome period that ended between April 1, 2024 and March 31, 2025 and noted that each applicable Fund delivered on its target outcome objective. With respect to BUFZ, based on the information provided, the Board noted that BUFZ underperformed its Performance Universe median and benchmark index for the one-year period ended December 31, 2024. The Board also noted that BUFZ invests substantially all of its assets in multiple target outcome ETFs in the First Trust Fund Complex sub-advised by the Sub-Advisor that seek to provide investors with returns (before fees and expenses) over a defined period of time (typically one year) that match the price return of the SPY, up to a predetermined cap, while providing a buffer against certain losses on the price return of SPY and considered that the investment strategy of the underlying ETFs limits the comparability of the performance of BUFZ to that of the funds in its Performance Universe and its benchmark index. Because BUFS, XIMR, XIJN and SFEB commenced operations after December 31, 2023 and therefore has a limited performance history, comparative performance information for the Funds 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 (out of which the Sub-Advisor is compensated) continues to be reasonable and appropriate in light of the nature, extent and quality of the services provided by the Advisor and the Sub-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 BUFS, XIMR, XIJN and SFEB for the period from inception through December 31, 2024 and to each other Fund for the twelve months ended 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. The Board also noted that FTCP has a controlling ownership interest in the Sub-Advisor's parent company and considered potential indirect benefits to the Advisor from such ownership interest. In addition, with respect to BUFZ and BUFS, the Board considered that the Advisor, as the investment advisor to the underlying ETFs in which each Fund invests, will recognize additional revenue from the underlying ETFs if investment by the 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.

The Board considered the Sub-Advisor's statement that it believes that the sub-advisory fee for each Fund is appropriate. The Board noted the Sub-Advisor's statements that it continues to invest in infrastructure, technology and personnel, and that it anticipates that its expenses relating to providing services to the Funds will remain approximately the same for the next twelve months. The Board noted that the Advisor pays the Sub-Advisor for each Fund from the unitary fee, that the sub-advisory fee will be reduced consistent with the

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

breakpoints in the unitary fee rate schedule and its understanding that each Fund's sub-advisory fee was the product of an arm's length negotiation. The Board did not review the profitability of the Sub-Advisor with respect to each Fund. The Board concluded that the profitability analysis for the Advisor was more relevant. The Board considered the potential indirect benefits to the Sub-Advisor from being associated with the Advisor and the Funds, and noted the Sub-Advisor's statements that it is the Sub-Advisor's policy currently not to enter into soft-dollar arrangements for the procurement of research services in connection with client securities transactions and that, as a result, there are no foreseen indirect benefits from its relationship with the Funds. The Board also considered the potential indirect benefits to the Sub-Advisor from FTCP's controlling ownership interest in the Sub-Advisor's parent company. In addition, with respect to BUFZ and BUFS, the Board considered that the Sub-Advisor, as the investment sub-advisor to the underlying ETFs in which each Fund invests, will recognize additional revenue from the underlying ETFs if investment by the Funds causes the assets of the underlying ETFs to grow. The Board concluded that the character and amount of potential indirect benefits to the Sub-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.

**Federal Tax Information**

Distributions paid to foreign shareholders by each Fund, during their applicable taxable period, were properly designated by the Funds as "interest-related dividends" or "short-term capital gain dividends," and may not be subject to federal income tax, provided that the income was earned directly by such foreign shareholders.

Of the ordinary income (including short-term capital gain) distributions made by each Fund during their applicable taxable period, none qualify either for the corporate dividends received deduction available to corporate shareholders or as qualified dividend income.

**Disclaimer**

The Funds are not sponsored, endorsed, sold or promoted by iShares Russell 2000 ETF, BFA, Russell, SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust, PDR Services, LLC, or Standard & Poor's<sup>®</sup> (together with their affiliates hereinafter referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of, descriptions and disclosures relating to the Funds or the FLEX Options. The Corporations make no representations or warranties, express or implied, regarding the advisability of investing in the Funds or the FLEX Options or results to be obtained by the Funds or the FLEX Options, shareholders or any other person or entity from use of the iShares Russell 2000 ETF or SPDR<sup>®</sup> S&P 500<sup>®</sup> ETF Trust. The Corporations have no liability in connection with the management, administration, marketing or trading of the Funds or the FLEX Options.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Annual Consolidated Financial Statements and Other Information <br> For the Year Ended August 31, 2025

![](imgebde0d7b1.gif)

<u>First Trust Exchange-Traded Fund VIII</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

First Trust SkyBridge Crypto Industry and Digital Economy <br> ETF (CRPT)<br>

------

**Table of Contents** 

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**Annual Consolidated Financial Statements and Other Information**

**August 31, 2025** 

---

| | |
|:---|:---|
| [Consolidated Portfolio of Investments](#xx_e7aa9a9e-5f05-43de-bba4-c396feb9ee8b_SOI-TOC-ScheduleofInvestments-4314_1) | 1 |
| [Consolidated Statement of Assets and Liabilities](#xx_e7aa9a9e-5f05-43de-bba4-c396feb9ee8b_SAL1-TOC-StatementofAssetsandLiabilities-4314_1) | 4 |
| [Consolidated Statement of Operations](#xx_e7aa9a9e-5f05-43de-bba4-c396feb9ee8b_SOP1-TOC-StatementofOperations-4314_1) | 5 |
| [Consolidated Statements of Changes in Net Assets](#xx_e7aa9a9e-5f05-43de-bba4-c396feb9ee8b_SOC1-TOC-StatementofChanges-4314_1) | 6 |
| [Consolidated Financial Highlights](#xx_e7aa9a9e-5f05-43de-bba4-c396feb9ee8b_FIHI-TOC-FinancialHighlights-4314_1) | 7 |
| [Notes to Consolidated Financial Statements](#xx_e7aa9a9e-5f05-43de-bba4-c396feb9ee8b_NTF-TOC-NotestoFinancialStatements-4314_1) | 8 |
| [Report of Independent Registered Public Accounting Firm](#xx_e7aa9a9e-5f05-43de-bba4-c396feb9ee8b_AUD-TOC-RIRPAFirm-4314_1) | 16 |
| [Other Information](#xx_e7aa9a9e-5f05-43de-bba4-c396feb9ee8b_AI-TOC-AdditionalInformation-4314_1) | 17 |

---

**Performance and Risk Disclosure**

There is no assurance that First Trust SkyBridge Crypto Industry and Digital Economy 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 SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**Consolidated Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) — 74.1%** | **COMMON STOCKS (a) — 74.1%** | **COMMON STOCKS (a) — 74.1%** |
|  | **Banks — 4.3%**  |  |
| 20729 | JPMorgan Chase & Co. | $6248135 |
|  | **Capital Markets — 14.7%**  |  |
| 20864 | Coinbase Global, Inc., <br> Class A (b) | 6353923 |
| 263511 | Galaxy Digital, Inc., <br> Class A (b) (c) | 6189873 |
| 84978 | Robinhood Markets, Inc., <br> Class A (b) | 8840261 |
|  |  | 21384057 |
|  | **Financial Services — 8.6%**  |  |
| 10510 | Mastercard, Inc., Class A | 6256498 |
| 17773 | Visa, Inc., Class A | 6252186 |
|  |  | 12508684 |
|  | **Hotels, Restaurants & Leisure** <br> **— 13.5%**  |  |
| 3274414 | Metaplanet, Inc. (JPY) (b) (c) | 19585655 |
|  | **Interactive Media & Services** <br> **— 0.3%**  |  |
| 23469 | Trump Media & Technology <br> Group Corp. (b) | 411412 |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 4.3%**  |  |
| 36017 | NVIDIA Corp. | 6273441 |
|  | **Software — 24.1%**  |  |
| 40138 | Bitdeer Technologies Group, <br> Class A (b) (c) | 573572 |
| 447884 | Cipher Mining, Inc. (b) | 3421834 |
| 5348 | Circle Internet Group, Inc. (b) | 705829 |
| 210117 | Cleanspark, Inc. (b) | 1989808 |
| 197918 | Hive Digital Technologies <br> Ltd. (b) | 583858 |
| 17635 | Hut 8 Corp. (b) | 471384 |
| 121023 | IREN Ltd. (b) | 3204689 |
| 129663 | MARA Holdings, Inc. (b) (c) | 2072015 |
| 12317 | Microsoft Corp. | 6240901 |
| 59019 | Riot Platforms, Inc. (b) | 812101 |
| 24558 | Salesforce, Inc. | 6292988 |
| 18408 | Strategy, Inc. (b) | 6155819 |
| 259841 | Terawulf, Inc. (b) (c) | 2455497 |
|  |  | 34980295 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 4.3%**  |  |
| 26958 | Apple, Inc. | 6258030 |
|  | **Total Common Stocks** | 107649709 |
|  | (Cost $82,416,557) |  |
| **EXCHANGE-TRADED PRODUCTS — 22.8%** | **EXCHANGE-TRADED PRODUCTS — 22.8%** | **EXCHANGE-TRADED PRODUCTS — 22.8%** |
|  | **Capital Markets — 22.8%** |  |
| 106311 | Bitwise Bitcoin ETF (b) | 6258529 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Capital Markets (Continued)** |  |
| 73086 | Fidelity Wise Origin Bitcoin <br> Fund (b) | $6898587 |
| 57983 | Invesco Galaxy Bitcoin ETF (b) | 6258685 |
| 121230 | iShares Bitcoin Trust ETF (b) | 7448371 |
| 204756 | VanEck Bitcoin ETF (b) | 6267581 |
|  | **Total Exchange-Traded** <br> **Products** | 33131753 |
|  | (Cost $27,122,650) |  |
| **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** | **MONEY MARKET FUNDS — 0.8%** |
| 1173141 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 4.13% (d) | 1173141 |
|  | (Cost $1,173,141) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 15.7%** | **REPURCHASE AGREEMENTS — 15.7%** | **REPURCHASE AGREEMENTS — 15.7%** |
| $5454254 | Bank of America Corp., <br> 4.32% (d), dated 08/29/25, <br> due 09/02/25, with a maturity <br> value of $5,458,181. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 3.50%, due 09/15/25 to <br> 08/15/54. The value of the <br> collateral including accrued <br> interest is $5,563,339. (e) | 5454254 |
| 2057279 | Daiwa Capital Markets America, <br> Inc., 4.33% (d), dated <br> 08/29/25, due 09/02/25, with a <br> maturity value of $2,058,764. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.38%, due 12/11/25 to <br> 02/15/54. The value of the <br> collateral including accrued <br> interest is $2,098,425. (e) | 2057279 |

---

See Notes to Consolidated Financial Statements

------

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**Consolidated Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** |
| $11582806 | JPMorgan Chase & Co., <br> 4.33% (d), dated 08/29/25, <br> due 09/02/25, with a maturity <br> value of $11,591,165. <br> Collateralized by <br> U.S. Treasury Note, interest <br> rate of 4.50%, due 12/31/31. <br> The value of the collateral <br> including accrued interest is <br> $11,814,463. (e) | $11582806 |
| 3721783 | Mizuho Financial Group, Inc., <br> 4.32% (d), dated 08/29/25, <br> due 09/02/25, with a maturity <br> value of $3,724,463. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.50% to <br> 4.38%, due 06/30/27 to <br> 01/31/32. The value of the <br> collateral including accrued <br> interest is $3,796,219. (e) | 3721783 |
|  | **Total Repurchase Agreements** | 22816122 |
|  | (Cost $22,816,122) |  |
|  | **Total Investments — 113.4%** | 164770725 |
|  | (Cost $133,528,470) |  |
|  | **Net Other Assets and** <br> **Liabilities — (13.4)%** | (19517661)<br>|
|  | **Net Assets — 100.0%** | $145253064 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities
 are issued in U.S. dollars unless otherwise indicated
 in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(c) All
 or a portion of this security is on loan (see Note 2E - Securities
 Lending in the Notes to Consolidated Financial Statements).
 The remaining contractual maturity of all of the securities
 lending transactions is overnight and continuous. The
 aggregate value of such securities is $20,230,484 and the total
 value of the collateral held by the Fund, including for securities
 sold and pending settlement, is $22,816,122.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Rate
 shown reflects yield as of August 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This
 security serves as collateral for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations throughout the Consolidated Portfolio of Investments: <br> JPY – Japanese Yen

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Consolidated Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $107649709 | $107649709 | $— | $— |
| Exchange-Traded <br> Products\*<br>| 33131753 | 33131753 |  |  |
| Money Market <br> Funds<br>| 1173141 | 1173141 |  |  |
| Repurchase <br> Agreements<br>| 22816122 |  | 22816122 |  |
| Total Investments | $164770725 | $141954603 | $22816122 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Consolidated Portfolio of Investments for industry breakout.

See Notes to Consolidated Financial Statements

------

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**Consolidated Portfolio of Investments (Continued)**

**August 31, 2025**

------

**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 Consolidated Statement of Assets and Liabilities in the Notes to Consolidated 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Securities Lending Agency Agreement** | **Securities Lending Agency Agreement** |
| Total gross amount presented on the <br> Consolidated Statement of Assets and <br> Liabilities<sup>(1)</sup> <br>| $20230484 |
| Non-cash Collateral<sup>(2)</sup> <br>| (20230484)<br>|
| Net Amount | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(1)</sup> The amount presented on the Consolidated Statement of Assets and Liabilities, which is included in "Investments, at value," is not offset and is shown on a gross basis. 

<sup>(2)</sup> At August 31, 2025, the value of the collateral received from each borrower exceeded the value of the related securities loaned. This amount is disclosed on the Consolidated 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Repurchase Agreements** | **Repurchase Agreements** |
| Total gross amount presented on the <br> Consolidated Statement of Assets and <br> Liabilities<sup>(3)</sup> <br>| $22816122 |
| Non-cash Collateral<sup>(4)</sup> <br>| (22816122)<br>|
| Net Amount | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(3)</sup> The amount is included in "Investments, at value" on the Consolidated Statement of Assets and Liabilities. 

<sup>(4)</sup> At August 31, 2025, the value of the collateral received from each seller exceeded the value of the repurchase agreements. 

See Notes to Consolidated Financial Statements

------

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**Consolidated Statement of Assets and Liabilities**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **ASSETS:** |  |
| Investments, at value | $141954603 |
| Repurchase agreements, at value | 22816122 |
| Total investments, at value | 164770725 |
| Cash | 1898 |
| Receivables: |  |
| Investment securities sold | 46569491 |
| Capital shares sold | 1037498 |
| Securities lending income | 13917 |
| Dividends | 2398 |
| Total Assets | 212395927 |
| **LIABILITIES:** |  |
| Payables: |  |
| Investment securities purchased | 44220071 |
| Collateral for securities on loan | 22816122 |
| Investment advisory fees | 106670 |
| Total Liabilities | 67142863 |
| **NET ASSETS** | $145253064 |
| **NET ASSETS consist of:** |  |
| Paid-in capital | $136490761 |
| Par value | 70000 |
| Accumulated distributable earnings (loss) | 8692303 |
| **NET ASSETS** | $145253064 |
| **NET ASSET VALUE,** per share | $20.75 |
| Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per share) | 7000002 |
| Investments, at cost | $110712348 |
| Repurchase agreements, at cost | $22816122 |
| Total investments, at cost | $133528470 |
| Securities on loan, at value | $20230484 |

---

See Notes to Consolidated Financial Statements

------

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**Consolidated Statement of Operations**

**For the Year Ended August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **INVESTMENT INCOME:** |  |
| Dividends | $24354 |
| Securities lending income (net of fees) | 13917 |
| Foreign withholding tax | (79)<br>|
| Total investment income | 38192 |
| **EXPENSES:** |  |
| Investment advisory fees | 848928<br>|
| Total expenses | 848928 |
| **NET INVESTMENT INCOME (LOSS)** | (810736)<br>|
| **NET REALIZED AND UNREALIZED GAIN (LOSS):** |  |
| Net realized gain (loss) on: |  |
| Investments | 17665602 |
| In-kind redemptions | 1653365 |
| Foreign currency transactions | 12106 |
| Net realized gain (loss) | 19331073 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments | 25276867 |
| Foreign currency translation | 2830 |
| Net change in unrealized appreciation (depreciation) | 25279697 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** | 44610770 |
| **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $43800034 |

---

See Notes to Consolidated Financial Statements

------

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**Consolidated Statements of Changes in Net Assets** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |
| Net investment income (loss) | $(810736)<br>| &nbsp;&nbsp; $(334404)<br>|
| Net realized gain (loss) | 19331073 | &nbsp;&nbsp; 5549981 |
| Net change in unrealized appreciation (depreciation) | 25279697 | &nbsp;&nbsp; 14173113 |
| Net increase (decrease) in net assets resulting from operations | 43800034 | &nbsp;&nbsp; 19388690 |
| **DISTRIBUTIONS TO SHAREHOLDERS FROM:** |  |  |
| Investment operations | (1600041)<br>| &nbsp;&nbsp; — |
| **SHAREHOLDER TRANSACTIONS:** |  |  |
| Proceeds from shares sold | 56430495<br>| &nbsp;&nbsp; 17141615<br>|
| Cost of shares redeemed | (4428030) <br>| &nbsp;&nbsp; (5089136) <br>|
| Net increase (decrease) in net assets resulting from shareholder transactions | 52002465 | &nbsp;&nbsp; 12052479 |
| Total increase (decrease) in net assets | 94202458 | &nbsp;&nbsp; 31441169 |
| **NET ASSETS:** |  |  |
| Beginning of period | 51050606 | &nbsp;&nbsp; 19609437 |
| End of period | $145253064 | &nbsp;&nbsp; $51050606 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |
| Shares outstanding, beginning of period | 4450002 | &nbsp;&nbsp; 3400002 |
| Shares sold | 2800000 | &nbsp;&nbsp; 1450000 |
| Shares redeemed | (250000)<br>| &nbsp;&nbsp; (400000)<br>|
| Shares outstanding, end of period | 7000002 | &nbsp;&nbsp; 4450002 |

---

See Notes to Consolidated Financial Statements

------

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**Consolidated Financial Highlights**

**For a share outstanding throughout each period**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2022 (a)** |
|  | **2025** | **2024** | **2023** | **Period** <br>**Ended** <br>**8/31/2022 (a)** |
| Net asset value, beginning of period | $11.47 | &nbsp;&nbsp;&nbsp;&nbsp; $5.77 | &nbsp;&nbsp;&nbsp;&nbsp; $6.27 | &nbsp;&nbsp;&nbsp;&nbsp; $18.91 |
| **Income from investment operations:** |  |  |  |  |
| Net investment income (loss) (b) | (0.14) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.08) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.04) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.08) <br>|
| Net realized and unrealized gain (loss) | 9.73<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.78<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.46) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (12.36) <br>|
| Total from investment operations | 9.59<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.70<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.50) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (12.44) <br>|
| **Distributions paid to shareholders from:** |  |  |  |  |
| Net investment income | (0.31) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.00) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20) <br>|
| Net realized gain | —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.00) (c)<br>|
| Total distributions | (0.31) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.00) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20) <br>|
| Net asset value, end of period | $20.75<br>| &nbsp;&nbsp;&nbsp;&nbsp; $11.47<br>| &nbsp;&nbsp;&nbsp;&nbsp; $5.77<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6.27<br>|
| **Total return** (d) | 84.26<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 98.79<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (7.95)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (66.46)% <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |
| Net assets, end of period (in 000's) | $145253<br>| &nbsp;&nbsp;&nbsp;&nbsp; $51051<br>| &nbsp;&nbsp;&nbsp;&nbsp; $19609<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26637<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % (e)<br>|
| Ratio of net investment income (loss) to average net assets | (0.81)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.76)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.76)% (e)<br>|
| Portfolio turnover rate (f) | 318<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 215<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 197<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 90<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is September 20, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Amount
 represents less than $0.01.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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 Consolidated Financial Statements

------

**Notes to Consolidated Financial Statements**

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization**

First Trust Exchange-Traded Fund VIII (the "Trust") is an open-end management investment company organized as a Massachusetts business trust on February 22, 2016, 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 SkyBridge Crypto Industry and Digital Economy ETF (the "Fund"), a non-diversified series of the Trust, which trades under the ticker "CRPT" on NYSE Arca, Inc. 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 is an actively managed exchange-traded fund. The Fund's investment objective is to provide investors with capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any investment borrowings) in the common stocks and American Depositary Receipts ("ADRs") of Crypto Industry Companies and Digital Economy Companies. Under normal market conditions, the Fund will invest at least 50% of its net assets (plus any investment borrowings) in Crypto Industry Companies. The remainder of the Fund's net assets used to satisfy the 80% test set forth above will be invested in Digital Economy Companies. The Fund generally intends to invest up to 25% of its net assets in Bitcoin Exchange-Traded Products. For tax purposes, certain Bitcoin Exchange-Traded Products will be held indirectly via a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the "Subsidiary"). As of August 31, 2025, the Fund invested 17.54% of the Fund's total assets in the Subsidiary. There can be no assurance that the Fund will achieve its investment objective. The Fund may not be appropriate for all investors.

**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 consolidated financial statements include the accounts on a consolidated basis of the Subsidiary. All intercompany accounts and transactions have been eliminated in consolidation. The following is a summary of significant accounting policies consistently followed by the Fund in the preparation of the consolidated financial statements. The preparation of the consolidated 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 consolidated 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 Consolidated Portfolio of Investments. The Fund's investments are valued as follows:

Common stocks, exchange-traded products and other equity securities listed on any national or foreign exchange (excluding Nasdaq, Inc. ("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.

------

**Notes to Consolidated Financial Statements (Continued)**

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**August 31, 2025**

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 marketvalue.

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 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.

Because foreign markets may be open on different days than the days during which investors may transact in the shares of the 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.

------

**Notes to Consolidated Financial Statements (Continued)**

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**August 31, 2025**

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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 August 31, 2025, is included with the Fund's Consolidated 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.

**C. Offsetting on the Consolidated Statement 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 Consolidated Statement 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 the Fund's Consolidated Portfolio of Investments under the heading "Offsetting Assets and Liabilities." For financial reporting purposes, the Fund does not offset financial assets and financial liabilities that are subject to master netting arrangements ("MNAs") or similar agreements on the Consolidated Statement 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 Fund 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 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 Consolidated Statement 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 Consolidated Statement 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 Consolidated Statement 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 Consolidated Statement of Operations.

------

**Notes to Consolidated Financial Statements (Continued)**

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**E. Securities Lending** 

The Fund may lend securities representing up to 33 1/3% of the value of its total assets to broker-dealers, banks and other institutions to generate additional income. When the 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 Fund.

Under the Fund's 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 Fund's securities lending agent and is responsible for executing the lending of the portfolio securities to creditworthy borrowers. The Fund, however, will be responsible for the risks associated with the investment of cash collateral. The 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. The Fund 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 August 31, 2025, the Fund had securities in the securities lending program.

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 Fund 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, the 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 Fund and BNY.

**F. 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 the 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 Fund's custodian or designated sub-custodians under tri-party repurchase agreements.

MRAs govern transactions between the 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 Fund 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 the Fund's portfolio or sold for cash. The 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 Fund may invest in repurchase agreements, any repurchase agreements held by the Fund during the fiscal year ended August 31, 2025, were received as collateral for lending securities.

**G. 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.

------

**Notes to Consolidated Financial Statements (Continued)**

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**August 31, 2025**

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 consolidated 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 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 consolidated financial statement and tax purposes, will reverse at some time in the future.

The tax character of distributions paid during the fiscal years ended August 31, 2025 and 2024 was as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Distributions paid from: | 2025 | 2024 |
| Ordinary income | $1600041 | &nbsp;&nbsp; $— |
| Capital gains |  | &nbsp;&nbsp; — |
| Return of capital |  | &nbsp;&nbsp; — |

---

As of August 31, 2025, the components of distributable earnings on a tax basis for the Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Undistributed ordinary income | $— |
| Accumulated capital and other gain (loss) | (12639235)<br>|
| Net unrealized appreciation (depreciation) | 21331538 |

---

**H. Income Taxes**

The 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 (the "Code"), 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 Subsidiary is classified as a controlled foreign corporation under Subchapter N of the Code. Therefore, the Fund is required to increase its taxable income by its share of the Subsidiary's income, whether or not such earnings are distributed by the Subsidiary to the Fund. Net investment losses of the Subsidiary cannot be deducted by the Fund in the current period nor carried forward to offset taxable income in future periods.

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 2022 and taxable years ended 2023, 2024, and 2025 remain open to federal and state audit. As of August 31, 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 consolidated 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 August 31, 2025, for federal income tax purposes, the Fund had $12,639,235 of non-expiring capital loss carryforwards available, 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 the Fund's shareholders.

During the fiscal year ended August 31, 2025, the Fund utilized $19,641,694 of non-expiring capital loss carryforwards.

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 August 31, 2025, the Fund 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 Consolidated Statement 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

------

**Notes to Consolidated Financial Statements (Continued)**

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**August 31, 2025**

are primarily due to the difference between book and tax treatments of income and gains on various investment securities held by the Fund and in-kind transactions. The results of operations and net assets were not affected by these adjustments. For the fiscal year ended August 31, 2025, the adjustments for the Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Accumulated <br>Net Investment <br>Income (Loss)<br>| Accumulated <br>Net Realized <br>Gain (Loss) <br>on Investments<br>| Paid-In <br>Capital<br>|
| $1789170 | &nbsp;&nbsp; $(2289302)<br>| &nbsp;&nbsp; $500132 |

---

As of August 31, 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| Tax Cost | Gross <br> Unrealized <br>Appreciation<br>| Gross <br> Unrealized <br>(Depreciation)<br>| Net Unrealized <br>Appreciation <br>(Depreciation)<br>|
| $143439187 | &nbsp;&nbsp; $27013710 | &nbsp;&nbsp; $(5682172)<br>| &nbsp;&nbsp; $21331538 |

---

**I. Expenses**

Expenses, other than the investment advisory fee and other excluded expenses, are paid by the Advisor (see Note 3).

**J. 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 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 consolidated financial statements and consolidated 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 supervising the selection and ongoing monitoring of the Fund's and the Subsidiary's investment portfolios, managing the Fund's business affairs and providing certain administrative services necessary for the management of the Fund.

SkyBridge Capital II, LLC ("SkyBridge" or the "Sub-Advisor") serves as the Fund's and Subsidiary's sub-advisor and manages the Fund's and Subsidiary's portfolio subject to First Trust's supervision. Pursuant to the Investment Management Agreement, between the Trust, on behalf of the Fund, and the Advisor, and the Investment Sub-Advisory Agreement among the Trust, on behalf of the Fund, the Advisor and SkyBridge, First Trust will supervise SkyBridge and its management of the investment of the Fund's and Subsidiary's assets and will pay SkyBridge for its services as the Fund's sub-advisor. SkyBridge receives a sub-advisory fee equal to 50% of any remaining monthly unitary management fee paid to the Advisor after the average Fund's and Subsidiary's expenses accrued during the most recent twelve months are subtracted from the unitary management fee for that month. First Trust will also be responsible for the Fund's and the Subsidiary's expenses, including the cost of transfer agency, sub-advisory, custody, fund administration, legal, audit and other services, but excluding fee payments under the Investment Management Agreement, interest, taxes, acquired fund fees and expenses, 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, 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**Notes to Consolidated Financial Statements (Continued)**

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**August 31, 2025**

---

| | |
|:---|:---|
| Breakpoints |  |
| Fund net assets up to and including $2.5 billion | 0.85000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.82875<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.80750<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.78625<br> %<br>|
| Fund net assets greater than $10 billion | 0.76500<br> %<br>|

---

During any period in which the Advisor's management fee is reduced in accordance with the breakpoints described above, the investment sub-advisory fee (which is based on the Advisor's management fee) paid to SkyBridge will be reduced to reflect the reduction in the Advisor's management fee.

The Subsidiary does not pay First Trust or SkyBridge a separate management or sub-advisory fee.

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 year ended August 31, 2025, the cost of purchases and proceeds from sales of investments, excluding short-term investments and in-kind transactions, were $314,149,440 and $308,450,343, respectively.

For the fiscal year ended August 31, 2025, the cost of in-kind purchases and proceeds from in-kind sales were $42,837,827 and $3,280,739, respectively.

**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

------

**Notes to Consolidated Financial Statements (Continued)**

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**August 31, 2025**

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 December 31, 2026.

**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 consolidated financial statements were issued and has determined that there were no subsequent events requiring recognition or disclosure in the consolidated financial statements that have not already been disclosed.

------

**Report of Independent Registered Public Accounting Firm**

**To the Shareholders and the Board of Trustees of First Trust Exchange-Traded Fund VIII:**

**Opinion on the Financial Statements and Financial Highlights**

We have audited the accompanying consolidated statement of assets and liabilities, including the consolidated portfolio of investments, of First Trust SkyBridge Crypto Industry and Digital Economy ETF (the "Fund"), one of the funds constituting the First Trust Exchange-Traded Fund VIII, as of August 31, 2025, the related consolidated statement of operations for the year then ended, consolidated statements of changes in net assets for each of the two years in the period then ended, consolidated financial highlights for the years ended August 31, 2025, 2024, and 2023, and for the period from September 20, 2021 (commencement of investment operations) through August 31, 2022, and the related notes (collectively referred to as the "financial statements and financial highlights"). In our opinion, the consolidated financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of August 31, 2025, and the results of its operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, and the financial highlights for the years ended August 31, 2025, 2024, and 2023, and for the period from September 20, 2021 (commencement of investment operations) through August 31, 2022, in conformity with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

These consolidated financial statements and financial highlights are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's consolidated 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 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 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 consolidated 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 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 Fund's 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 consolidated 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 consolidated 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 consolidated financial statements and financial highlights. Our procedures included confirmation of securities owned as of August 31, 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

October 21, 2025

We have served as the auditor of one or more First Trust investment companies since 2001.

------

**Other Information**

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**August 31, 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 year ended August 31, 2025.

**Proxy Disclosures (Item 9 of Form N-CSR)**

At a special meeting of shareholders of First Trust Exchange-Traded Fund VIII (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| James A. Bowen\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931952816 <br>5974259<br>|
| Thomas J. Driscoll\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931990349 <br>5936726<br>|
| Richard E. Erickson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931309705 <br>6617370<br>|
| Thomas R. Kadlec\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931262372 <br>6664703<br>|
| Denise M. Keefe\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932234496 <br>5692579<br>|
| Robert F. Keith\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931417790 <br>6509285<br>|
| Niel B. Nielson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931068296 <br>6858779<br>|
| Bronwyn Wright\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841558465 <br>96368610<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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 Consolidated Statement of Operations.

**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 funds it manages, including First Trust SkyBridge Crypto Industry and Digital Economy ETF (the "Fund"), 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.

------

**Other Information (Continued)**

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**August 31, 2025 (Unaudited)**

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 Fund is $24,434. This figure is comprised of $985 paid (or to be paid) in fixed compensation and $23,449 paid (or to be paid) in variable compensation. There were a total of 24 beneficiaries of the remuneration described above. Those amounts include $12,808 paid (or to be paid) to senior management of First Trust Advisors L.P. and $11,626 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 Fund (collectively, "Code Staff").

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. to provide a clear link between remuneration and performance of First Trust and to avoid rewarding for failure;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. to promote sound and effective risk management consistent with the risk profiles of the funds managed by First Trust; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 Fund.

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.

**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 VIII (the "Trust"), including the Independent Trustees, unanimously approved the continuation of the Investment Management Agreement (the "Fund Advisory Agreement") with First Trust Advisors L.P. (the "Advisor") on behalf of First Trust SkyBridge Crypto Industry and Digital Economy ETF (the "Fund") and the Investment Sub-Advisory Agreement (the "Fund Sub-Advisory Agreement" and together with the Fund Advisory Agreement, the "Fund Agreements") among the Trust, on behalf of the Fund, the Advisor and SkyBridge Capital II, LLC (the "Sub-Advisor"). The Board approved the continuation of the Fund Agreements for a one-year period ending June 30, 2026 at a meeting held on June 8–9, 2025. Because the Fund invests in U.S. exchange-traded products that invest directly in Bitcoin or Bitcoin derivatives (collectively, "Bitcoin ETPs") through a wholly-owned subsidiary of the Fund (the "Subsidiary"), the Board, including the Independent Trustees, also approved the continuation of an Investment Management Agreement (the "Subsidiary Advisory Agreement") with the Advisor on behalf of the Subsidiary and an Investment Sub-Advisory Agreement (the "Subsidiary Sub-Advisory Agreement" and together with the Subsidiary Advisory Agreement, the "Subsidiary Agreements") among the Subsidiary, the Advisor and the Sub-Advisor. The Fund Agreements and the Subsidiary Agreements are referred to herein collectively as the "Agreements." The Board determined that the continuation of the Agreements 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, 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 and the Sub-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 and the Sub-Advisor to the Fund and the Subsidiary (including the relevant personnel responsible for these services and their experience); the unitary fee rate schedule payable by the Fund as compared to fees charged to a peer group of funds (the

------

**Other Information (Continued)**

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**August 31, 2025 (Unaudited)**

"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 sub-advisory fee as compared to fees charged to other clients of the Sub-Advisor; the expense ratio of the Fund as compared to expense ratios of the funds in the Fund's Expense Group and Expense Universe; performance information for the Fund, including comparisons of the 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 the Fund and the Subsidiary and the potential for the Advisor and the Sub-Advisor to realize economies of scale, if any; profitability and other financial data for the Advisor; financial data for the Sub-Advisor; any indirect benefits to the Advisor and its affiliate, First Trust Portfolios L.P. ("FTP"), and the Sub-Advisor; and information on the Advisor's and the Sub-Advisor's compliance programs. 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 and the Sub-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 arrangements between the Trust and the Advisor, among the Trust, the Advisor and the Sub-Advisor, between the Subsidiary and the Advisor and among the Subsidiary, the Advisor and the Sub-Advisor continue to be reasonable business arrangements from the 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 the Fund knowing that the Advisor and the Sub-Advisor manage the Fund and knowing the Fund's unitary fee.

In reviewing the Agreements, the Board considered the nature, extent and quality of the services provided by the Advisor and the Sub-Advisor under the Agreements. The Board considered that the Advisor is responsible for the overall management and administration of the Trust, the Fund and the Subsidiary and reviewed all of the services provided by the Advisor to the Fund and the Subsidiary, including the oversight of the Sub-Advisor, as well as the background and experience of the persons responsible for such services. The Board noted that the Advisor oversees the Sub-Advisor's day-to-day management of the Fund's and the Subsidiary's investments, including portfolio risk monitoring and performance review. 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, the Sub-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. The Board also considered a report from the Advisor with respect to its risk management functions related to the operation of the Fund. 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 Fund and the other funds in the First Trust Fund Complex. With respect to the Fund Sub-Advisory Agreement and the Subsidiary Sub-Advisory Agreement, the Board noted that the Fund is an actively-managed ETF and the Sub-Advisor actively manages the Fund's and the Subsidiary's investments. The Board reviewed the materials provided by the Sub-Advisor and considered the services that the Sub-Advisor provides to the Fund and the Subsidiary, including the Sub-Advisor's day-to-day management of the Fund's and the Subsidiary's investments. In considering the Sub-Advisor's management of the Fund and the Subsidiary, the Board noted the background and experience of the Sub-Advisor's portfolio management team, including the Board's prior meetings with members of the portfolio management team. 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, the Fund and the Subsidiary by the Advisor and the Sub-Advisor under the Agreements have been and are expected to remain satisfactory and that the Sub-Advisor, under the oversight of the Advisor, has managed the Fund consistent with its investment objective, policies and restrictions.

The Board considered the unitary fee rate schedule payable by the Fund under the Fund Advisory Agreement for the services provided. The Board noted that the sub-advisory fee is paid by the Advisor from the unitary fee. The Board considered that as part of the unitary fee the Advisor is responsible for the Fund's expenses, including the cost of sub-advisory, transfer agency, custody, fund administration, legal, audit and other services and license fees, if any, but excluding the fee payment under the Fund Advisory Agreement and interest, taxes, 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 noted that the Advisor receives no compensation under the Subsidiary Advisory Agreement, that the Advisor pays the expenses of the Subsidiary and that no compensation is paid to the Sub-Advisor under the Subsidiary Sub-Advisory Agreement. 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 and the Sub-Advisor to other fund (including ETFs) and non-fund clients, as applicable. Because the

------

**Other Information (Continued)**

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**August 31, 2025 (Unaudited)**

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 the Fund was above the median total (net) expense ratio of the peer funds in the Expense Group. With respect to the Expense Group, the Board discussed with the Advisor limitations in creating peer groups for actively-managed ETFs, and different business models that may affect the pricing of services among ETF sponsors. The Board also noted that not all peer funds employ an advisor/sub-advisor management structure. 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 Fund and other non-ETF clients that limited their comparability. In considering the unitary fee rate schedule 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 the Fund and the other funds in the First Trust Fund Complex.

The Board considered performance information for the Fund. The Board noted the process it has established for monitoring the Fund's performance and portfolio risk on an ongoing basis, which includes quarterly performance reporting from the Advisor and the Sub-Advisor for the Fund. The Board determined that this process continues to be effective for reviewing the Fund's performance. The Board received and reviewed information comparing the Fund's performance for periods ended December 31, 2024 to the performance of the funds in the Performance Universe and to that of a benchmark index. The Board noted that during 2024, it approved changes to the Fund's investment strategy to allow the Fund to invest in Bitcoin ETPs through the Subsidiary. Based on the information provided, the Board noted that the Fund outperformed the Performance Universe median and the benchmark index for the one-year period ended December 31, 2024 and underperformed the Performance Universe median and the benchmark index for the three-year period ended December 31, 2024.

On the basis of all the information provided on the unitary fee and performance of the Fund and the ongoing oversight by the Board, the Board concluded that the unitary fee for the Fund (out of which the Sub-Advisor is compensated) continues to be reasonable and appropriate in light of the nature, extent and quality of the services provided by the Advisor and the Sub-Advisor to the 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 Fund at current asset levels and whether the Fund may benefit from any economies of scale. The Board noted that the unitary fee rate schedule for the 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 Fund 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 Fund 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 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 current asset levels. The Board considered the revenues and allocated costs (including the allocation methodology) of the Advisor in serving as investment advisor to the Fund for the twelve months ended December 31, 2024 and the estimated profitability level for the Fund calculated by the Advisor based on such data, as well as complex-wide and product-line profitability data, for the same period. The Board noted the inherent limitations in the profitability analysis and concluded that, based on the information provided, the Advisor's 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. The Board concluded that the character and amount of potential indirect benefits to the Advisor were not unreasonable.

The Board considered the Sub-Advisor's statements that the nature of its sub-advisory services to the Fund does not produce economies of scale and that it believes that its expenses relating to providing services to the Fund will remain approximately the same for the next twelve months. The Board noted that the Advisor pays the Sub-Advisor from the unitary fee, that the sub-advisory fee will be reduced consistent with the breakpoints in the unitary fee rate schedule and its understanding that the Fund's sub-advisory fee was the product of an arm's length negotiation. The Board did not review the profitability of the Sub-Advisor with respect to the Fund. The Board concluded that the profitability analysis for the Advisor was more relevant. The Board considered the potential indirect benefits to the Sub-Advisor from being associated with the Advisor and the Fund, and noted the Sub-Advisor's statements that there are no other benefits derived or that may be derived by the Sub-Advisor or its affiliates from the Sub-Advisor's relationship with the Advisor and the Fund and that the Sub-Advisor does not use soft dollars. The Board concluded that the character and amount of potential indirect benefits to the Sub-Advisor were not unreasonable.

------

**Other Information (Continued)**

**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**

**August 31, 2025 (Unaudited)**

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 the Fund. No single factor was determinative in the Board's analysis.

**Federal Tax Information**

Of the ordinary income (including short-term capital gain) distributions made by the Fund during the fiscal year ended August 31, 2025, none qualify for the corporate dividends received deduction available to corporate shareholders or as qualified dividend income.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Annual Financial Statements and Other Information <br> For the Year Ended August 31, 2025

![](img3b90480c1.gif)

<u>First Trust Exchange-Traded Fund VIII</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

First Trust Multi-Manager Large Growth ETF (MMLG)<br>

Wellington Management Company LLP

Sands Capital Management, LLC

------

**Table of Contents** 

**First Trust Multi-Manager Large Growth ETF (MMLG)**

**Annual Financial Statements and Other Information**

**August 31, 2025** 

---

| | |
|:---|:---|
| [Portfolio of Investments](#xx_c2008746-37f8-4348-b105-b9fa910e73e0_SOI-TOC-ScheduleofInvestments-4194_1) | 1 |
| [Statement of Assets and Liabilities](#xx_c2008746-37f8-4348-b105-b9fa910e73e0_SAL1-TOC-StatementofAssetsandLiabilities-4194_1) | 3 |
| [Statement of Operations](#xx_c2008746-37f8-4348-b105-b9fa910e73e0_SOP1-TOC-StatementofOperations-4194_1) | 4 |
| [Statements of Changes in Net Assets](#xx_c2008746-37f8-4348-b105-b9fa910e73e0_SOC1-TOC-StatementofChanges-4194_1) | 5 |
| [Financial Highlights](#xx_c2008746-37f8-4348-b105-b9fa910e73e0_FIHI-TOC-FinancialHighlights-4194_1) | 6 |
| [Notes to Financial Statements](#xx_c2008746-37f8-4348-b105-b9fa910e73e0_NTF-TOC-NotestoFinancialStatements-4194_1) | 7 |
| [Report of Independent Registered Public Accounting Firm](#xx_c2008746-37f8-4348-b105-b9fa910e73e0_AUD-TOC-RIRPAFirm-4194_1) | 13 |
| [Other Information](#xx_c2008746-37f8-4348-b105-b9fa910e73e0_AI-TOC-AdditionalInformation-4194_1) | 14 |

---

**Performance and Risk Disclosure**

There is no assurance that First Trust Multi-Manager Large Growth 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 Multi-Manager Large Growth ETF (MMLG)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 97.3%** | **COMMON STOCKS — 97.3%** | **COMMON STOCKS — 97.3%** |
|  | **Aerospace & Defense — 1.5%**  |  |
| 873 | Axon Enterprise, Inc. (a) | $652384 |
| 2056 | General Electric Co. | 565811 |
|  |  | 1218195 |
|  | **Automobiles — 0.8%**  |  |
| 1824 | Tesla, Inc. (a) | 608979 |
|  | **Banks — 2.3%**  |  |
| 107055 | NU Holdings Ltd., Class A (a) | 1584414 |
| 2630 | Wells Fargo & Co. | 216133 |
|  |  | 1800547 |
|  | **Beverages — 0.4%**  |  |
| 4905 | Monster Beverage Corp. (a) | 306121 |
|  | **Biotechnology — 0.9%**  |  |
| 13119 | Ultragenyx Pharmaceutical, <br> Inc. (a) | 393045 |
| 915 | Vertex Pharmaceuticals, Inc. (a) | 357784 |
|  |  | 750829 |
|  | **Broadline Retail — 7.5%**  |  |
| 17962 | Amazon.com, Inc. (a) | 4113298 |
| 10026 | Sea Ltd., ADR (a) | 1870250 |
|  |  | 5983548 |
|  | **Building Products — 0.2%**  |  |
| 1342 | Builders FirstSource, Inc. (a) | 186109 |
|  | **Capital Markets — 3.0%**  |  |
| 1570 | Ares Management Corp., <br> Class A | 281344 |
| 4623 | Interactive Brokers Group, Inc., <br> Class A | 287736 |
| 8457 | Intercontinental Exchange, Inc. | 1493506 |
| 2122 | KKR & Co., Inc. | 295998 |
|  |  | 2358584 |
|  | **Chemicals — 0.5%**  |  |
| 1127 | Sherwin-Williams (The) Co. | 412290 |
|  | **Commercial Services &** <br> **Supplies — 0.2%**  |  |
| 604 | Republic Services, Inc. | 141318 |
|  | **Communications Equipment** <br> **— 0.7%**  |  |
| 4254 | Arista Networks, Inc. (a) | 580884 |
|  | **Consumer Finance — 0.4%**  |  |
| 1045 | American Express Co. | 346188 |
|  | **Consumer Staples Distribution** <br> **& Retail — 0.7%**  |  |
| 2486 | BJ's Wholesale Club Holdings, <br> Inc. (a) | 242833 |
| 3494 | Walmart, Inc. | 338848 |
|  |  | 581681 |
|  | **Electrical Equipment — 0.5%**  |  |
| 688 | GE Vernova, Inc. | 421723 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 0.8%**  |  |
| 3240 | Amphenol Corp., Class A | $352706 |
| 3035 | Coherent Corp. (a) | 274577 |
|  |  | 627283 |
|  | **Entertainment — 7.2%**  |  |
| 3022 | Liberty Media Corp.-Liberty <br> Formula One, Class C (a) | 301898 |
| 2168 | Live Nation Entertainment, <br> Inc. (a) | 360950 |
| 1881 | Netflix, Inc. (a) | 2272718 |
| 10622 | ROBLOX Corp., Class A (a) | 1323395 |
| 2193 | Spotify Technology S.A. (a) | 1495363 |
|  |  | 5754324 |
|  | **Financial Services — 5.2%**  |  |
| 16501 | Block, Inc. (a) | 1314140 |
| 2078 | Mastercard, Inc., Class A | 1237012 |
| 4549 | Visa, Inc., Class A | 1600247 |
|  |  | 4151399 |
|  | **Health Care Equipment &** <br> **Supplies — 2.0%**  |  |
| 3483 | Boston Scientific Corp. (a) | 367457 |
| 16606 | Dexcom, Inc. (a) | 1251096 |
|  |  | 1618553 |
|  | **Health Care Technology —** <br> **0.4%**  |  |
| 1080 | Veeva Systems, Inc., Class A (a) | 290736 |
|  | **Hotels, Restaurants & Leisure** <br> **— 3.4%**  |  |
| 7556 | Chipotle Mexican Grill, Inc. (a) | 318410 |
| 6637 | DoorDash, Inc., Class A (a) | 1627724 |
| 7014 | DraftKings, Inc., Class A (a) | 336532 |
| 1524 | Hilton Worldwide Holdings, Inc. | 420715 |
|  |  | 2703381 |
|  | **Insurance — 1.1%**  |  |
| 3037 | Arthur J. Gallagher & Co. | 919452 |
|  | **Interactive Media & Services** <br> **— 7.0%**  |  |
| 9592 | Alphabet, Inc., Class A | 2042233 |
| 4794 | Meta Platforms, Inc., Class A | 3541328 |
|  |  | 5583561 |
|  | **IT Services — 3.4%**  |  |
| 4387 | Cloudflare, Inc., Class A (a) | 915611 |
| 12905 | Shopify, Inc., Class A (a) | 1823218 |
|  |  | 2738829 |
|  | **Machinery — 0.5%**  |  |
| 360 | Caterpillar, Inc. | 150854 |
| 2901 | Ingersoll Rand, Inc. | 230427 |
|  |  | 381281 |

---

See Notes to Financial Statements

------

**First Trust Multi-Manager Large Growth ETF (MMLG)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Oil, Gas & Consumable Fuels** <br> **— 0.4%**  |  |
| 26769 | Venture Global, Inc., Class A | $347997 |
|  | **Pharmaceuticals — 1.4%**  |  |
| 1503 | Eli Lilly & Co. | 1101068 |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 18.9%**  |  |
| 1607 | Advanced Micro Devices, <br> Inc. (a) | 261346 |
| 12571 | Broadcom, Inc. | 3738490 |
| 590 | KLA Corp. | 514480 |
| 52062 | NVIDIA Corp. | 9068159 |
| 1790 | QUALCOMM, Inc. | 287707 |
| 5327 | Taiwan Semiconductor <br> Manufacturing Co., Ltd., ADR | 1229844 |
|  |  | 15100026 |
|  | **Software — 20.0%**  |  |
| 2985 | AppLovin Corp., Class A (a) | 1428591 |
| 3739 | Atlassian Corp., Class A (a) | 664719 |
| 1524 | Cadence Design Systems, <br> Inc. (a) | 534055 |
| 8478 | Datadog, Inc., Class A (a) | 1158773 |
| 398 | HubSpot, Inc. (a) | 192302 |
| 856 | Intuit, Inc. | 570952 |
| 10458 | Microsoft Corp. | 5298964 |
| 3928 | Oracle Corp. | 888239 |
| 1867 | Palantir Technologies, Inc., <br> Class A (a) | 292577 |
| 2363 | Palo Alto Networks, Inc. (a) | 450199 |
| 1608 | PTC, Inc. (a) | 343308 |
| 38741 | Samsara, Inc., Class A (a) | 1400100 |
| 2660 | ServiceNow, Inc. (a) | 2440444 |
| 498 | Tyler Technologies, Inc. (a) | 280314 |
|  |  | 15943537 |
|  | **Specialized REITs — 0.4%**  |  |
| 1484 | American Tower Corp. | 302513 |
|  | **Specialty Retail — 1.8%**  |  |
| 2656 | Carvana Co. (a) | 987819 |
| 4341 | O'Reilly Automotive, Inc. (a) | 450075 |
|  |  | 1437894 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 3.5%**  |  |
| 12088 | Apple, Inc. | 2806108 |
|  | **Trading Companies &** <br> **Distributors — 0.3%**  |  |
| 1414 | FTAI Aviation Ltd. | 217544 |
|  | **Total Common Stocks** | 77722482 |
|  | (Cost $57,041,050) |  |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 2.7%** | **MONEY MARKET FUNDS — 2.7%** | **MONEY MARKET FUNDS — 2.7%** |
| 2204527 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 4.13% (b) | $2204527 |
|  | (Cost $2,204,527) |  |
|  | **Total Investments — 100.0%** | 79927009 |
|  | (Cost $59,245,577) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (31185)<br>|
|  | **Net Assets — 100.0%** | $79895824 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Rate
 shown reflects yield as of August 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations throughout the Portfolio of Investments: <br> ADR – American Depositary Receipt <br> REITs – Real Estate Investment Trusts

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $77722482 | $77722482 | $— | $— |
| Money Market Funds | 2204527 | 2204527 |  |  |
| Total Investments | $79927009 | $79927009 | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**First Trust Multi-Manager Large Growth ETF (MMLG)**

**Statement of Assets and Liabilities**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **ASSETS:** |  |
| Investments, at value | $79927009 |
| Dividends receivable | 26111 |
| Total Assets | 79953120 |
| **LIABILITIES:** |  |
| Investment advisory fees payable | 57296 |
| Total Liabilities | 57296 |
| **NET ASSETS** | $79895824 |
| **NET ASSETS consist of:** |  |
| Paid-in capital | $79996112 |
| Par value | 23000 |
| Accumulated distributable earnings (loss) | (123288)<br>|
| **NET ASSETS** | $79895824 |
| **NET ASSET VALUE,** per share | $34.74 |
| Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per share) | 2300002 |
| Investments, at cost | $59245577 |

---

See Notes to Financial Statements

------

**First Trust Multi-Manager Large Growth ETF (MMLG)**

**Statement of Operations**

**For the Year Ended August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **INVESTMENT INCOME:** |  |
| Dividends | $318823 |
| Foreign withholding tax | (1889)<br>|
| Total investment income | 316934 |
| **EXPENSES:** |  |
| Investment advisory fees | 620350<br>|
| Total expenses | 620350 |
| **NET INVESTMENT INCOME (LOSS)** | (303416)<br>|
| **NET REALIZED AND UNREALIZED GAIN (LOSS):** |  |
| Net realized gain (loss) on: |  |
| Investments | (2479728)<br>|
| In-kind redemptions | 6614381 |
| Net realized gain (loss) | 4134653 |
| Net change in unrealized appreciation (depreciation) on investments | 11572506 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** | 15707159 |
| **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $15403743 |

---

See Notes to Financial Statements

------

**First Trust Multi-Manager Large Growth ETF (MMLG)**

**Statements of Changes in Net Assets** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |
| Net investment income (loss) | $(303416)<br>| &nbsp;&nbsp; $(223991)<br>|
| Net realized gain (loss) | 4134653 | &nbsp;&nbsp; (597257)<br>|
| Net change in unrealized appreciation (depreciation) | 11572506 | &nbsp;&nbsp; 14513863 |
| Net increase (decrease) in net assets resulting from operations | 15403743 | &nbsp;&nbsp; 13692615 |
| **SHAREHOLDER TRANSACTIONS:** |  |  |
| Proceeds from shares sold | 16647395<br>| &nbsp;&nbsp; 25969479<br>|
| Cost of shares redeemed | (21705652) <br>| &nbsp;&nbsp; (11436094) <br>|
| Net increase (decrease) in net assets resulting from shareholder transactions | (5058257)<br>| &nbsp;&nbsp; 14533385 |
| Total increase (decrease) in net assets | 10345486 | &nbsp;&nbsp; 28226000 |
| **NET ASSETS:** |  |  |
| Beginning of period | 69550338 | &nbsp;&nbsp; 41324338 |
| End of period | $79895824 | &nbsp;&nbsp; $69550338 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |
| Shares outstanding, beginning of period | 2500002 | &nbsp;&nbsp; 1900002 |
| Shares sold | 550000 | &nbsp;&nbsp; 1050000 |
| Shares redeemed | (750000)<br>| &nbsp;&nbsp; (450000)<br>|
| Shares outstanding, end of period | 2300002 | &nbsp;&nbsp; 2500002 |

---

See Notes to Financial Statements

------

**First Trust Multi-Manager Large Growth ETF (MMLG)**

**Financial Highlights**

**For a share outstanding throughout each period**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $27.82 | &nbsp;&nbsp;&nbsp;&nbsp; $21.75 | &nbsp;&nbsp;&nbsp;&nbsp; $18.14 | &nbsp;&nbsp;&nbsp;&nbsp; $28.27 | &nbsp;&nbsp;&nbsp;&nbsp; $21.86 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.13) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.10) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.05) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.18) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.01<br>|
| Net realized and unrealized gain (loss) | 7.05<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.17<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.66<br>| &nbsp;&nbsp;&nbsp;&nbsp; (9.95) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.46<br>|
| Total from investment operations | 6.92<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.07<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.61<br>| &nbsp;&nbsp;&nbsp;&nbsp; (10.13) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.47<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.04) <br>|
| Net realized gain | —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.02) <br>|
| Total distributions | —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.06) <br>|
| Net asset value, end of period | $34.74<br>| &nbsp;&nbsp;&nbsp;&nbsp; $27.82<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.75<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.14<br>| &nbsp;&nbsp;&nbsp;&nbsp; $28.27<br>|
| **Total return** (b) | 24.87<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 27.91<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 19.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (35.83)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 29.65<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $79896<br>| &nbsp;&nbsp;&nbsp;&nbsp; $69550<br>| &nbsp;&nbsp;&nbsp;&nbsp; $41324<br>| &nbsp;&nbsp;&nbsp;&nbsp; $63478<br>| &nbsp;&nbsp;&nbsp;&nbsp; $171005<br>|
| Ratio of total expenses to average net assets | 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>|
| Ratio of net investment income (loss) to average net assets | (0.42)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.38)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.29)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.49)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.49)% <br>|
| Portfolio turnover rate (c) | 68<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 41<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 29<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 31<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 21<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**Notes to Financial Statements**

**First Trust Multi-Manager Large Growth ETF (MMLG)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization**

First Trust Exchange-Traded Fund VIII (the "Trust") is an open-end management investment company organized as a Massachusetts business trust on February 22, 2016, 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 Multi-Manager Large Growth ETF (the "Fund"), a diversified series of the Trust, which trades under the ticker "MMLG" on NYSE Arca, Inc. 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 is an actively managed exchange-traded fund. The Fund seeks to provide long-term capital appreciation. Under normal market conditions, the Fund invests at least 80% of its net assets (including investment borrowings) in equity securities issued by large capitalization companies. The Fund considers large capitalization companies to be those companies with market capitalizations within the market capitalization range of the companies comprising the Russell 1000<sup>®</sup> Growth Index (as of the index's most recent reconstitution). The Fund's portfolio is principally composed of common stocks issued by companies domiciled in the United States, common stocks issued by non-U.S. companies that are principally traded in the United States and American Depositary Receipts. The Fund utilizes a multi-manager approach to provide exposure to the large capitalization growth segment of the equity market through the blending of multiple portfolio management teams. There can be no assurance that the Fund will achieve its investment objective. The Fund may not be appropriate for all investors.

**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, Inc. ("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.

------

**Notes to Financial Statements (Continued)**

**First Trust Multi-Manager Large Growth ETF (MMLG)**

**August 31, 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 the 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.

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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 August 31, 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.

------

**Notes to Financial Statements (Continued)**

**First Trust Multi-Manager Large Growth ETF (MMLG)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**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 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 years ended August 31, 2025 and August 31, 2024.

As of August 31, 2025, the components of distributable earnings on a tax basis for the Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Undistributed ordinary income | $(217961)<br>|
| Accumulated capital and other gain (loss) | (18354872)<br>|
| Net unrealized appreciation (depreciation) | 18449545 |

---

**D. Income Taxes**

The 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, 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 years ended 2022, 2023, 2024, and 2025 remain open to federal and state audit. As of August 31, 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 August 31, 2025, for federal income tax purposes, the Fund had $18,354,872 of non-expiring capital loss carryforwards available, 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 the Fund's shareholders.

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 August 31, 2025, the Fund incurred and elected to defer net late year ordinary or capital losses as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Qualified Late Year Losses | Qualified Late Year Losses |
| Ordinary Losses | Capital Losses |
| $217961 | &nbsp;&nbsp; $— |

---

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 Statement 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 Fund and in-kind transactions. The results of operations and net assets were not affected by these adjustments. For the fiscal year ended August 31, 2025, the adjustments for the Fund were as follows:

------

**Notes to Financial Statements (Continued)**

**First Trust Multi-Manager Large Growth ETF (MMLG)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Accumulated <br>Net Investment <br>Income (Loss)<br>| Accumulated <br>Net Realized <br>Gain (Loss) <br>on Investments<br>| Paid-In <br>Capital<br>|
| $258682 | &nbsp;&nbsp; $(5690499)<br>| &nbsp;&nbsp; $5431817 |

---

As of August 31, 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| Tax Cost | Gross <br> Unrealized <br>Appreciation<br>| Gross <br> Unrealized <br>(Depreciation)<br>| Net Unrealized <br>Appreciation <br>(Depreciation)<br>|
| $61477464 | &nbsp;&nbsp; $22219088 | &nbsp;&nbsp; $(3769543)<br>| &nbsp;&nbsp; $18449545 |

---

**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 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 ongoing monitoring of the securities in the Fund's portfolio, selecting and overseeing the investment sub-advisors, 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 Fund's portfolio based on recommendations provided by the Sub-Advisors (defined below) and is responsible for the expenses of the Fund including the cost of transfer agency, sub-advisory, custody, fund administration, legal, audit and other services, but excluding fee payments under the Investment Management Agreement, interest, taxes, acquired fund fees and expenses, 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, and extraordinary expenses, which are paid by the Fund. 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Breakpoints |  |
| Fund net assets up to and including $2.5 billion | 0.85000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.82875<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.80750<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.78625<br> %<br>|
| Fund net assets greater than $10 billion up to and including $15 billion | 0.76500<br> %<br>|
| Fund net assets greater than $15 billion | 0.72250<br> %<br>|

---

The Fund utilizes a multi-manager structure. The Trust, on behalf of the Fund, and First Trust have retained Wellington Management Company LLP ("Wellington") and Sands Capital Management, LLC ("Sands Capital") (each, a "Sub-Advisor" and together, "Sub-

------

**Notes to Financial Statements (Continued)**

**First Trust Multi-Manager Large Growth ETF (MMLG)**

**August 31, 2025**

Advisors"), to serve as non-discretionary investment sub-advisors to the Fund pursuant to sub-advisory agreements (the "Sub-Advisory Agreements"). In this capacity, Wellington and Sands Capital are each responsible for providing recommendations to First Trust regarding the selection and allocation of the securities in the portion of the Fund's portfolio they have been allocated by First Trust. Pursuant to the Sub-Advisory Agreements, First Trust has agreed to pay for the services and facilities provided by the Sub-Advisors through sub-advisory fees equal in the aggregate to an annual rate of 0.30% of the average daily net assets of the Fund (i.e., for each sub-advisor, 0.30% of the average daily net assets of the portion of the Fund's assets allocated to that sub-advisor). Each Sub-Advisor's fees are paid by First Trust out of First Trust's management fee.

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 year ended August 31, 2025, the cost of purchases and proceeds from sales of investments, excluding short-term investments and in-kind transactions, were $48,547,491 and $50,052,717, respectively.

For the fiscal year ended August 31, 2025, the cost of in-kind purchases and proceeds from in-kind sales were $16,171,134 and $21,066,343, respectively.

**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.

------

**Notes to Financial Statements (Continued)**

**First Trust Multi-Manager Large Growth ETF (MMLG)**

**August 31, 2025**

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 December 31, 2026.

**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.

------

**Report of Independent Registered Public Accounting Firm**

**To the Shareholders and the Board of Trustees of First Trust Exchange-Traded Fund VIII:**

**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 Multi-Manager Large Growth ETF (the "Fund"), one of the funds constituting the First Trust Exchange-Traded Fund VIII, as of August 31, 2025, the related statement of operations for the year then ended, statements of changes in net assets for each of the two years in the period then ended, financial highlights for each of the five years in the period then ended, 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 August 31, 2025, and the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended 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 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 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 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 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 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 Fund's 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 August 31, 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

October 21, 2025

We have served as the auditor of one or more First Trust investment companies since 2001.

------

**Other Information**

**First Trust Multi-Manager Large Growth ETF (MMLG)**

**August 31, 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 year ended August 31, 2025.

**Proxy Disclosures (Item 9 of Form N-CSR)**

At a special meeting of shareholders of First Trust Exchange-Traded Fund VIII (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| James A. Bowen\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931952816 <br>5974259<br>|
| Thomas J. Driscoll\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931990349 <br>5936726<br>|
| Richard E. Erickson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931309705 <br>6617370<br>|
| Thomas R. Kadlec\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931262372 <br>6664703<br>|
| Denise M. Keefe\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932234496 <br>5692579<br>|
| Robert F. Keith\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931417790 <br>6509285<br>|
| Niel B. Nielson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931068296 <br>6858779<br>|
| Bronwyn Wright\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841558465 <br>96368610<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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 VIII (the "Trust"), including the Independent Trustees, unanimously approved the continuation of the Investment Management Agreement (the "Advisory Agreement") between the Trust, on behalf of First Trust Multi-Manager Large Growth ETF (the "Fund"), and First Trust Advisors L.P. (the "Advisor"); the Investment Sub-Advisory Agreement (the "Sands Sub-Advisory Agreement") among the Trust, on behalf of the Fund, the Advisor and Sands Capital Management, LLC ("Sands"); and the Investment Sub-Advisory Agreement (the "Wellington Sub-Advisory Agreement") among the Trust, on behalf of the Fund, the Advisor and Wellington Management Company LLP ("Wellington"). The Sands Sub-Advisory Agreement and the Wellington Sub-Advisory Agreement are collectively referred to as the "Sub-Advisory Agreements." Sands and

------

**Other Information (Continued)**

**First Trust Multi-Manager Large Growth ETF (MMLG)**

**August 31, 2025 (Unaudited)**

Wellington are each referred to as a "Sub-Advisor" and collectively as the "Sub-Advisors." The Sub-Advisory Agreements together with the Advisory Agreement are referred to as the "Agreements." The Board approved the continuation of the Agreements for a one-year period ending June 30, 2026 at a meeting held on June 8–9, 2025. The Board determined that the continuation of the Agreements 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, 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 and each Sub-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 and each Sub-Advisor to the Fund (including the relevant personnel responsible for these services and their experience); the 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 clients of the Advisor, including other exchange-traded funds ("ETFs") managed by the Advisor; the sub-advisory fees as compared to fees charged to other clients of the Sub-Advisors; the expense ratio of the Fund as compared to expense ratios of the funds in the Fund's Expense Group and Expense Universe; performance information for the Fund, including comparisons of the 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 the Fund and the potential for the Advisor and each Sub-Advisor to realize economies of scale, if any; profitability and other financial data for the Advisor; financial data for each Sub-Advisor; any indirect benefits to the Advisor and its affiliate, First Trust Portfolios L.P. ("FTP"), and the Sub-Advisors; and information on the Advisor's and each Sub-Advisor's compliance programs. 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 and the Sub-Advisors. 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 arrangements between the Trust and the Advisor and among the Trust, the Advisor and each Sub-Advisor continue to be reasonable business arrangements from the 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 the Fund knowing that the Advisor and the Sub-Advisors manage the Fund and knowing the Fund's unitary fee.

In reviewing the Agreements, the Board considered the nature, extent and quality of the services provided by the Advisor and the Sub-Advisors under the Agreements. The Board considered that the Fund is an actively-managed ETF and employs a multi-manager structure. With respect to the Advisory Agreement, the Board considered that the Advisor is responsible for the overall management and administration of the Trust and the Fund and reviewed all of the services provided by the Advisor to the Fund, including the oversight of the Sub-Advisors and the allocation of assets between the Sub-Advisors performed by members of the Advisor's Investment Committee, as well as the background and experience of the persons responsible for such services. The Board considered that each Sub-Advisor acts as a non-discretionary manager providing model portfolio recommendations to the Advisor, and that the Advisor executes the Fund's portfolio trades. The Board noted that the Advisor oversees the management of the Fund's investments, including portfolio risk monitoring and performance review. 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, each Sub-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. The Board also considered a report from the Advisor with respect to its risk management functions related to the operation of the Fund. 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 Fund and the other funds in the First Trust Fund Complex. With respect to the Sub-Advisory Agreements, the Board noted that the Fund is an actively-managed ETF and the Sub-Advisors actively manage the Fund's investments. The Board reviewed the materials provided by each Sub-Advisor and considered the services that each Sub-Advisor provides to the Fund, including each Sub-Advisor's non-discretionary management of the portion of the Fund's assets

------

**Other Information (Continued)**

**First Trust Multi-Manager Large Growth ETF (MMLG)**

**August 31, 2025 (Unaudited)**

allocated to it. In considering Wellington's services to the Fund, the Board noted the background and experience of Wellington's portfolio management team, including the Board's prior meetings with members of Wellington's portfolio management team. In addition to the written materials provided by Sands, at the April 22, 2025 meeting, the Board also received a presentation from a representative of Sands, who discussed the services that Sands provides to the Fund, including its non-discretionary management of the portion of the Fund's assets allocated to it. In considering Sands' services to the Fund, the Board noted the background and experience of its portfolio management team. 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 the Fund by the Advisor and each Sub-Advisor under the Agreements have been and are expected to remain satisfactory and that the Advisor and the Sub-Advisors have managed the Fund consistent with its investment objective, policies and restrictions.

The Board considered the unitary fee rate schedule payable by the Fund under the Advisory Agreement for the services provided. The Board noted that the Advisor pays each Sub-Advisor a separate sub-advisory fee from the unitary fee. The Board considered that as part of the unitary fee the Advisor is responsible for the Fund's expenses, including the cost of sub-advisory, transfer agency, custody, fund administration, legal, audit and other services and license fees, if any, but excluding the fee payment under the Advisory 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 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 and the Sub-Advisors to other fund (including ETFs) and non-fund clients, as applicable. Because the 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 the Fund was above the median total (net) expense ratio of the peer funds in the Expense Group. With respect to the Expense Group, the Board discussed with the Advisor limitations in creating peer groups for actively-managed ETFs, and different business models that may affect the pricing of services among ETF sponsors. The Board also noted that not all peer funds employ an advisor/sub-advisor management structure. 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 Fund and other non-ETF clients that limited their comparability. In considering the unitary fee rate schedule 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 the Fund and the other funds in the First Trust Fund Complex.

The Board considered performance information for the Fund. The Board noted the process it has established for monitoring the Fund's performance and portfolio risk on an ongoing basis, which includes quarterly performance reporting from the Advisor and the Sub-Advisors for the Fund. The Board determined that this process continues to be effective for reviewing the Fund's performance. The Board received and reviewed information comparing the Fund's performance for periods ended December 31, 2024 to the performance of the funds in the Performance Universe and to that of a benchmark index. Based on the information provided, the Board noted that the Fund underperformed the Performance Universe median and benchmark index for the one- and three-year periods ended December 31, 2024. The Board noted the Advisor's and Sands' discussion of MMLG's performance at the April 22, 2025 meeting.

On the basis of all the information provided on the unitary fee and performance of the Fund and the ongoing oversight by the Board, the Board concluded that the unitary fee for the Fund (out of which the Sub-Advisors are compensated) continues to be reasonable and appropriate in light of the nature, extent and quality of the services provided by the Advisor and the Sub-Advisors to the 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 Fund at current asset levels and whether the Fund may benefit from any economies of scale. The Board noted that the unitary fee rate schedule for the 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 Fund 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 Fund 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 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 current asset levels. The Board considered the revenues and allocated costs (including the allocation methodology) of the Advisor in serving as investment advisor to the Fund for the twelve months ended December 31, 2024 and the estimated profitability level for the Fund calculated by the Advisor based on such data, as well as complex-wide and product-line profitability data, for the same period. The Board noted the inherent

------

**Other Information (Continued)**

**First Trust Multi-Manager Large Growth ETF (MMLG)**

**August 31, 2025 (Unaudited)**

limitations in the profitability analysis and concluded that, based on the information provided, the Advisor's 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 does 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.

With respect to the Sands Sub-Advisory Agreement, the Board considered Sands' statements that it did not believe there are any specific economies of scale in connection with providing sub-advisory services to the Fund that will benefit the Fund's shareholders and that Sands believes that the sub-advisory fee is appropriate given the services provided to the Fund. The Board noted that the Advisor pays Sands from the unitary fee and its understanding that the Fund's sub-advisory fee was the product of an arm's length negotiation. The Board did not review the profitability of Sands with respect to the Fund. The Board concluded that the profitability analysis for the Advisor was more relevant. The Board considered indirect benefits that may be realized by Sands from its relationship with the Fund, and noted Sands' statement that, given that the Advisor is responsible for trade execution, no indirect benefits are expected to be derived from its relationship with the Fund. The Board noted that Sands acts as a non-discretionary manager providing model portfolio recommendations to the Advisor and does not provide trade execution services to the Fund. The Board concluded that the character and amount of potential indirect benefits to Sands were not unreasonable.

With respect to the Wellington Sub-Advisory Agreement, the Board considered Wellington's statement that it believes the sub-advisory fee reflects the economies of scale inherent in providing investment advice to funds similar in size to the Fund, that Wellington believes the fee schedule is competitive given the nature and quality of service provided by Wellington, and that Wellington does not foresee any changes to the fee schedule or expenses over the next twelve months. The Board noted that the Advisor pays Wellington from the unitary fee and its understanding that the Fund's sub-advisory fee was the product of an arm's length negotiation. The Board did not review the profitability of Wellington with respect to the Fund. The Board concluded that the profitability analysis for the Advisor was more relevant. The Board considered indirect benefits that may be realized by Wellington from its relationship with the Fund, and noted Wellington's statements that it derives no ancillary economic benefits of the type that may accrue to an adviser that also provides distribution and other services, and that although not quantifiable Wellington recognizes the reputational benefit that accrues from its relationship with the Fund and the Advisor. The Board noted that Wellington acts as a non-discretionary manager providing model portfolio recommendations to the Advisor and does not provide trade execution services to the Fund. The Board concluded that the character and amount of potential indirect benefits to Wellington 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 the Fund. No single factor was determinative in the Board's analysis.

**Federal Tax Information**

There were no distributions made by MMLG during the Fund's fiscal year ended August 31, 2025; therefore, no analysis for the corporate dividends received deduction and qualified dividend income was completed.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Annual Financial Statements and Other Information <br> For the Year Ended August 31, 2025

![](img2d0655211.gif)

<u>First Trust Exchange-Traded Fund VIII</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

First Trust Multi-Manager Small Cap Opportunities ETF <br> (MMSC)<br>

Driehaus Capital Management LLC

Stephens Investment Management Group, LLC

------

**Table of Contents** 

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**Annual Financial Statements and Other Information**

**August 31, 2025** 

---

| | |
|:---|:---|
| [Portfolio of Investments](#xx_b8e08493-426a-430d-a231-776c926c1108_SOI-TOC-ScheduleofInvestments-4258_1) | 1 |
| [Statement of Assets and Liabilities](#xx_b8e08493-426a-430d-a231-776c926c1108_SAL1-TOC-StatementofAssetsandLiabilities-4258_1) | 6 |
| [Statement of Operations](#xx_b8e08493-426a-430d-a231-776c926c1108_SOP1-TOC-StatementofOperations-4258_1) | 7 |
| [Statements of Changes in Net Assets](#xx_b8e08493-426a-430d-a231-776c926c1108_SOC1-TOC-StatementofChanges-4258_1) | 8 |
| [Financial Highlights](#xx_b8e08493-426a-430d-a231-776c926c1108_FIHI-TOC-FinancialHighlights-4258_1) | 9 |
| [Notes to Financial Statements](#xx_b8e08493-426a-430d-a231-776c926c1108_NTF-TOC-NotestoFinancialStatements-4258_1) | 10 |
| [Report of Independent Registered Public Accounting Firm](#xx_b8e08493-426a-430d-a231-776c926c1108_AUD-TOC-RIRPAFirm-4258_1) | 16 |
| [Other Information](#xx_b8e08493-426a-430d-a231-776c926c1108_AI-TOC-AdditionalInformation-4258_1) | 17 |

---

**Performance and Risk Disclosure**

There is no assurance that First Trust Multi-Manager Small Cap Opportunities 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 Multi-Manager Small Cap Opportunities ETF (MMSC)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.6%** | **COMMON STOCKS — 99.6%** | **COMMON STOCKS — 99.6%** |
|  | **Aerospace & Defense — 9.7%**  |  |
| 1691 | AeroVironment, Inc. (a) | $408123 |
| 2697 | Archer Aviation, Inc., <br> Class A (a) | 24138 |
| 258 | Axon Enterprise, Inc. (a) | 192801 |
| 973 | BWX Technologies, Inc. | 157665 |
| 443 | Curtiss-Wright Corp. | 211821 |
| 1292 | Embraer S.A., ADR | 72778 |
| 316 | HEICO Corp., Class A | 77423 |
| 7661 | Karman Holdings, Inc. (a) | 409174 |
| 6411 | Kratos Defense & Security <br> Solutions, Inc. (a) | 422100 |
| 5986 | Leonardo DRS, Inc. | 249377 |
| 2493 | Rocket Lab Corp. (a) | 121160 |
| 1466 | VSE Corp. | 238078 |
|  |  | 2584638 |
|  | **Air Freight & Logistics —** <br> **0.4%**  |  |
| 2604 | Hub Group, Inc., Class A | 97442 |
|  | **Automobile Components —** <br> **0.9%**  |  |
| 1000 | Modine Manufacturing Co. (a) | 136130 |
| 744 | Visteon Corp. | 92226 |
|  |  | 228356 |
|  | **Automobiles — 0.2%**  |  |
| 486 | Thor Industries, Inc. | 53266 |
|  | **Biotechnology — 7.7%**  |  |
| 312 | Abivax S.A., ADR (a) | 25281 |
| 2013 | Alkermes PLC (a) | 58317 |
| 9087 | Amicus Therapeutics, Inc. (a) | 68970 |
| 2594 | Apogee Therapeutics, Inc. (a) | 94344 |
| 3308 | Arrowhead Pharmaceuticals, <br> Inc. (a) | 72875 |
| 3216 | Bridgebio Pharma, Inc. (a) | 166460 |
| 4348 | Exelixis, Inc. (a) | 162702 |
| 2920 | Halozyme Therapeutics, Inc. (a) | 213598 |
| 2054 | Kymera Therapeutics, Inc. (a) | 84625 |
| 141 | Madrigal Pharmaceuticals, <br> Inc. (a) | 61737 |
| 1824 | Merus N.V. (a) | 120092 |
| 885 | Natera, Inc. (a) | 148901 |
| 527 | Nuvalent, Inc., Class A (a) | 40358 |
| 1250 | Protagonist Therapeutics, Inc. (a) | 73813 |
| 1710 | PTC Therapeutics, Inc. (a) | 84354 |
| 1971 | Rhythm Pharmaceuticals, Inc. (a) | 203309 |
| 2334 | Scholar Rock Holding Corp. (a) | 76205 |
| 935 | Soleno Therapeutics, Inc. (a) | 63271 |
| 2389 | Spyre Therapeutics, Inc. (a) | 39395 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Biotechnology (Continued)**  |  |
| 1478 | Ultragenyx Pharmaceutical, <br> Inc. (a) | $44281 |
| 3773 | Xenon Pharmaceuticals, Inc. (a) | 146053 |
|  |  | 2048941 |
|  | **Broadline Retail — 1.5%**  |  |
| 1946 | Global-e Online Ltd. (a) | 65113 |
| 2671 | Ollie's Bargain Outlet Holdings, <br> Inc. (a) | 338790 |
|  |  | 403903 |
|  | **Building Products — 1.0%**  |  |
| 1340 | AAON, Inc. | 111153 |
| 1257 | Resideo Technologies, Inc. (a) | 42801 |
| 1605 | Trex Co., Inc. (a) | 98916 |
|  |  | 252870 |
|  | **Capital Markets — 1.8%**  |  |
| 25 | Bullish (a) | 1476 |
| 670 | Piper Sandler Cos. | 223639 |
| 629 | StoneX Group, Inc. (a) | 64265 |
| 4537 | Virtu Financial, Inc., Class A | 190191 |
|  |  | 479571 |
|  | **Chemicals — 0.5%**  |  |
| 822 | Balchem Corp. | 133238 |
|  | **Commercial Services &** <br> **Supplies — 0.6%**  |  |
| 5523 | Montrose Environmental Group, <br> Inc. (a) | 171544 |
|  | **Communications Equipment** <br> **— 1.3%**  |  |
| 1453 | Ciena Corp. (a) | 136538 |
| 1669 | Lumentum Holdings, Inc. (a) | 221660 |
|  |  | 358198 |
|  | **Construction & Engineering** <br> **— 1.7%**  |  |
| 1299 | Construction Partners, Inc., <br> Class A (a) | 155750 |
| 150 | Dycom Industries, Inc. (a) | 37871 |
| 251 | MYR Group, Inc. (a) | 47005 |
| 716 | Sterling Infrastructure, Inc. (a) | 199427 |
|  |  | 440053 |
|  | **Construction Materials —** <br> **0.4%**  |  |
| 2515 | James Hardie Industries PLC (a) | 50627 |
| 735 | Knife River Corp. (a) | 59535 |
|  |  | 110162 |
|  | **Consumer Finance — 3.8%**  |  |
| 274 | Dave, Inc. (a) | 58422 |
| 4108 | Encore Capital Group, Inc. (a) | 171879 |
| 14042 | EZCORP, Inc., Class A (a) | 234080 |
| 1694 | FirstCash Holdings, Inc. | 249475 |

---

See Notes to Financial Statements

------

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Consumer Finance** <br> **(Continued)**  |  |
| 5703 | LendingClub Corp. (a) | $97978 |
| 2512 | Upstart Holdings, Inc. (a) | 184079 |
|  |  | 995913 |
|  | **Consumer Staples Distribution** <br> **& Retail — 0.5%**  |  |
| 1610 | Chefs' Warehouse (The), Inc. (a) | 101655 |
| 264 | Sprouts Farmers Market, Inc. (a) | 37103 |
|  |  | 138758 |
|  | **Diversified Consumer Services** <br> **— 2.0%**  |  |
| 802 | Adtalem Global Education, <br> Inc. (a) | 105022 |
| 1251 | Bright Horizons Family <br> Solutions, Inc. (a) | 147668 |
| 623 | Grand Canyon Education, <br> Inc. (a) | 125578 |
| 944 | Stride, Inc. (a) | 154051 |
|  |  | 532319 |
|  | **Diversified Telecommunication** <br> **Services — 0.3%**  |  |
| 1730 | AST SpaceMobile, Inc. (a) | 84666 |
|  | **Electrical Equipment — 2.3%**  |  |
| 7975 | Amprius Technologies, Inc. (a) | 56543 |
| 3436 | Bloom Energy Corp., Class A (a) | 181902 |
| 367 | Generac Holdings, Inc. (a) | 67987 |
| 1116 | NEXTracker, Inc., Class A (a) | 75062 |
| 722 | NuScale Power Corp. (a) | 25017 |
| 720 | Powell Industries, Inc. | 191635 |
|  |  | 598146 |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 4.0%**  |  |
| 670 | Celestica, Inc. (a) | 130482 |
| 1946 | Cognex Corp. | 85507 |
| 959 | Coherent Corp. (a) | 86761 |
| 944 | Fabrinet (a) | 312738 |
| 4739 | Mirion Technologies, Inc. (a) | 97150 |
| 8139 | nLight, Inc. (a) | 234403 |
| 250 | OSI Systems, Inc. (a) | 57513 |
| 1340 | PAR Technology Corp. (a) | 68581 |
|  |  | 1073135 |
|  | **Energy Equipment & Services** <br> **— 2.1%**  |  |
| 6086 | Solaris Energy Infrastructure, <br> Inc. | 192257 |
| 6935 | TechnipFMC PLC | 254931 |
| 1711 | Weatherford International PLC | 108999 |
|  |  | 556187 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Financial Services — 0.9%**  |  |
| 3983 | Paymentus Holdings, Inc., <br> Class A (a) | $155058 |
| 1656 | Toast, Inc., Class A (a) | 74686 |
|  |  | 229744 |
|  | **Food Products — 0.5%**  |  |
| 4322 | Simply Good Foods (The) <br> Co. (a) | 123739 |
|  | **Health Care Equipment &** <br> **Supplies — 2.1%**  |  |
| 357 | Glaukos Corp. (a) | 34208 |
| 1567 | Globus Medical, Inc., <br> Class A (a) | 96010 |
| 76 | Insulet Corp. (a) | 25831 |
| 1744 | iRhythm Technologies, Inc. (a) | 296445 |
| 916 | TransMedics Group, Inc. (a) | 105303 |
|  |  | 557797 |
|  | **Health Care Providers &** <br> **Services — 1.7%**  |  |
| 673 | GeneDx Holdings Corp. (a) | 87147 |
| 3441 | Guardant Health, Inc. (a) | 231992 |
| 1352 | HealthEquity, Inc. (a) | 120774 |
|  |  | 439913 |
|  | **Health Care Technology —** <br> **0.9%**  |  |
| 2642 | HealthStream, Inc. | 74187 |
| 5700 | Schrodinger, Inc. (a) | 111207 |
| 3261 | Simulations Plus, Inc. (a) | 46209 |
|  |  | 231603 |
|  | **Hotels, Restaurants & Leisure** <br> **— 4.5%**  |  |
| 756 | Cava Group, Inc. (a) | 51068 |
| 962 | Cheesecake Factory (The), Inc. | 59124 |
| 1888 | Dutch Bros, Inc., Class A (a) | 135615 |
| 6661 | First Watch Restaurant Group, <br> Inc. (a) | 125493 |
| 10844 | Genius Sports Ltd. (a) | 138695 |
| 3587 | Life Time Group Holdings, <br> Inc. (a) | 100149 |
| 735 | Planet Fitness, Inc., Class A (a) | 77028 |
| 3229 | Rush Street Interactive, Inc. (a) | 72007 |
| 5460 | Sportradar Group AG, <br> Class A (a) | 168932 |
| 4007 | Sweetgreen, Inc., Class A (a) | 36464 |
| 708 | Wingstop, Inc. | 232309 |
|  |  | 1196884 |
|  | **Household Durables — 1.1%**  |  |
| 935 | Installed Building Products, Inc. | 244802 |
| 670 | Meritage Homes Corp. | 52052 |
|  |  | 296854 |

---

See Notes to Financial Statements

------

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Insurance — 2.9%**  |  |
| 2494 | Accelerant Holdings, Class A (a) | $50005 |
| 801 | HCI Group, Inc. | 133535 |
| 253 | Kinsale Capital Group, Inc. | 115735 |
| 2017 | Palomar Holdings, Inc. (a) | 248131 |
| 1529 | Ryan Specialty Holdings, Inc. | 86434 |
| 1956 | Skyward Specialty Insurance <br> Group, Inc. (a) | 94475 |
| 2727 | Slide Insurance Holdings, <br> Inc. (a) | 36487 |
|  |  | 764802 |
|  | **Life Sciences Tools & Services** <br> **— 2.5%**  |  |
| 2465 | Azenta, Inc. (a) | 75281 |
| 4588 | BioLife Solutions, Inc. (a) | 114929 |
| 1744 | Bio-Techne Corp. | 95275 |
| 632 | ICON PLC (a) | 112458 |
| 278 | Medpace Holdings, Inc. (a) | 132192 |
| 46 | OmniAb, Inc. - 12.5 Earnout <br> Shares (a) (b) (c) (d) (e) | 0 |
| 46 | OmniAb, Inc. - 15 Earnout <br> Shares (a) (b) (c) (d) (e) | 0 |
| 1087 | Repligen Corp. (a) | 132962 |
|  |  | 663097 |
|  | **Machinery — 5.0%**  |  |
| 980 | Crane Co. | 181594 |
| 600 | Esab Corp. | 69222 |
| 692 | ESCO Technologies, Inc. | 139030 |
| 863 | Federal Signal Corp. | 106140 |
| 1223 | Flowserve Corp. | 65626 |
| 3851 | Gates Industrial Corp. PLC (a) | 98432 |
| 836 | JBT Marel Corp. | 119791 |
| 5599 | Kornit Digital Ltd. (a) | 83649 |
| 771 | Lindsay Corp. | 105804 |
| 594 | RBC Bearings, Inc. (a) | 231636 |
| 670 | SPX Technologies, Inc. (a) | 125364 |
|  |  | 1326288 |
|  | **Media — 1.4%**  |  |
| 13812 | Magnite, Inc. (a) | 358421 |
|  | **Metals & Mining — 1.6%**  |  |
| 443 | Carpenter Technology Corp. | 106710 |
| 4995 | Hudbay Minerals, Inc. | 59940 |
| 1365 | MP Materials Corp. (a) | 97106 |
| 4924 | Pan American Silver Corp. | 167022 |
|  |  | 430778 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 3.1%**  |  |
| 2123 | Antero Resources Corp. (a) | 67766 |
| 1561 | Cameco Corp. | 120806 |
| 1021 | Gulfport Energy Corp. (a) | 177684 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Oil, Gas & Consumable Fuels** <br> **(Continued)**  |  |
| 5321 | Magnolia Oil & Gas Corp., <br> Class A | $132386 |
| 15885 | Uranium Energy Corp. (a) | 169811 |
| 3615 | Viper Energy, Inc., Class A | 144040 |
|  |  | 812493 |
|  | **Personal Care Products —** <br> **0.7%**  |  |
| 3071 | BellRing Brands, Inc. (a) | 126065 |
| 1153 | Oddity Tech Ltd., Class A (a) | 69422 |
|  |  | 195487 |
|  | **Pharmaceuticals — 3.5%**  |  |
| 543 | Axsome Therapeutics, Inc. (a) | 65855 |
| 767 | Corcept Therapeutics, Inc. (a) | 53475 |
| 6124 | Crinetics Pharmaceuticals, <br> Inc. (a) | 189783 |
| 2815 | Edgewise Therapeutics, Inc. (a) | 40395 |
| 1403 | Ligand Pharmaceuticals, Inc. (a) | 226879 |
| 4933 | Septerna, Inc. (a) | 59689 |
| 3640 | Supernus Pharmaceuticals, <br> Inc. (a) | 164237 |
| 1087 | Tarsus Pharmaceuticals, Inc. (a) | 63677 |
| 7823 | WaVe Life Sciences Ltd. (a) | 75101 |
|  |  | 939091 |
|  | **Professional Services — 1.3%**  |  |
| 2035 | Maximus, Inc. | 178917 |
| 23091 | Planet Labs PBC (a) | 163715 |
|  |  | 342632 |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 6.4%**  |  |
| 1125 | Ambarella, Inc. (a) | 92790 |
| 1981 | Astera Labs, Inc. (a) | 360938 |
| 2236 | Credo Technology Group <br> Holding Ltd. (a) | 275151 |
| 714 | Impinj, Inc. (a) | 133854 |
| 1466 | Lattice Semiconductor Corp. (a) | 97313 |
| 1836 | MACOM Technology Solutions <br> Holdings, Inc. (a) | 235283 |
| 1694 | Power Integrations, Inc. | 76399 |
| 1605 | Rambus, Inc. (a) | 118401 |
| 708 | Silicon Laboratories, Inc. (a) | 95120 |
| 858 | SiTime Corp. (a) | 207353 |
|  |  | 1692602 |
|  | **Software — 9.8%**  |  |
| 1049 | Agilysys, Inc. (a) | 114467 |
| 3018 | AvePoint, Inc. (a) | 49374 |
| 2995 | Braze, Inc., Class A (a) | 82961 |
| 5498 | Clearwater Analytics Holdings, <br> Inc., Class A (a) | 113644 |
| 1078 | Commvault Systems, Inc. (a) | 201203 |

---

See Notes to Financial Statements

------

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Software (Continued)**  |  |
| 8918 | Core Scientific, Inc. (a) | $127973 |
| 624 | CyberArk Software Ltd. (a) | 282834 |
| 1618 | Descartes Systems Group (The), <br> Inc. (a) | 161719 |
| 3364 | D-Wave Quantum, Inc. (a) | 52546 |
| 695 | Guidewire Software, Inc. (a) | 150829 |
| 499 | InterDigital, Inc. | 135583 |
| 708 | Manhattan Associates, Inc. (a) | 152532 |
| 750 | Nutanix, Inc., Class A (a) | 50408 |
| 3615 | PROS Holdings, Inc. (a) | 56033 |
| 2668 | Rubrik, Inc., Class A (a) | 238519 |
| 4601 | SentinelOne, Inc., Class A (a) | 86775 |
| 2014 | SoundHound AI, Inc., <br> Class A (a) | 26222 |
| 859 | SPS Commerce, Inc. (a) | 94748 |
| 2856 | Tenable Holdings, Inc. (a) | 88308 |
| 3817 | Varonis Systems, Inc. (a) | 225279 |
| 5283 | Zeta Global Holdings Corp., <br> Class A (a) | 103758 |
|  |  | 2595715 |
|  | **Specialty Retail — 3.8%**  |  |
| 3640 | Academy Sports & Outdoors, <br> Inc. | 194922 |
| 1924 | Boot Barn Holdings, Inc. (a) | 342029 |
| 366 | Carvana Co. (a) | 136123 |
| 1289 | Five Below, Inc. (a) | 187034 |
| 6774 | Revolve Group, Inc. (a) | 151534 |
|  |  | 1011642 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 0.4%**  |  |
| 1529 | Pure Storage, Inc., Class A (a) | 118666 |
|  | **Tobacco — 0.5%**  |  |
| 1273 | Turning Point Brands, Inc. | 126663 |
|  | **Trading Companies &** <br> **Distributors — 2.3%**  |  |
| 776 | FTAI Aviation Ltd. | 119388 |
| 1279 | SiteOne Landscape Supply, <br> Inc. (a) | 183204 |
| 3589 | Titan Machinery, Inc. (a) | 71780 |
| 4725 | Xometry, Inc., Class A (a) | 233793 |
|  |  | 608165 |
|  | **Total Common Stocks** | 26404382 |
|  | (Cost $21,488,728) |  |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** |
| 134585 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 4.13% (f) | $134585 |
|  | (Cost $134,585) |  |
|  | **Total Investments — 100.1%** | 26538967 |
|  | (Cost $21,623,313) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.1)%** | (14165)<br>|
|  | **Net Assets — 100.0%** | $26524802 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) 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 "Advisor").

&nbsp;&nbsp;&nbsp;&nbsp;(c) Restricted
 security as to resale, excluding Rule 144A securities
 (see Note 2C - Restricted Securities in the Notes to Financial
 Statements).

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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 August 31, 2025, securities noted as
 such are valued at $0 or 0.0% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This
 security's value was determined using significant unobservable
 inputs (see Note 2A - Portfolio Valuation in the Notes
 to Financial Statements).

&nbsp;&nbsp;&nbsp;&nbsp;(f) Rate
 shown reflects yield as of August 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations throughout the Portfolio of Investments: <br> ADR – American Depositary Receipt

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks: |  |  |  |  |
| Life Sciences Tools & <br> Services<br>| $663097 | $663097 | $— | $—\*\* |
| Other Industry <br> Categories\*<br>| 25741285 | 25741285 |  |  |
| Money Market Funds | 134585 | 134585 |  |  |
| Total Investments | $26538967 | $26538967 | $— | $—\*\* |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

\*\* Investments are valued at $0.

See Notes to Financial Statements

------

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

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

------

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**Statement of Assets and Liabilities**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **ASSETS:** |  |
| Investments, at value | $26538967 |
| Dividends receivable | 6613 |
| Total Assets | 26545580 |
| **LIABILITIES:** |  |
| Investment advisory fees payable | 20778 |
| Total Liabilities | 20778 |
| **NET ASSETS** | $26524802 |
| **NET ASSETS consist of:** |  |
| Paid-in capital | $23784534 |
| Par value | 12000 |
| Accumulated distributable earnings (loss) | 2728268 |
| **NET ASSETS** | $26524802 |
| **NET ASSET VALUE,** per share | $22.10 |
| Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per share) | 1200002 |
| Investments, at cost | $21623313 |

---

See Notes to Financial Statements

------

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**Statement of Operations**

**For the Year Ended August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **INVESTMENT INCOME:** |  |
| Dividends | $76085 |
| Foreign withholding tax | (358)<br>|
| Total investment income | 75727 |
| **EXPENSES:** |  |
| Investment advisory fees | 231427<br>|
| Total expenses | 231427 |
| **NET INVESTMENT INCOME (LOSS)** | (155700)<br>|
| **NET REALIZED AND UNREALIZED GAIN (LOSS):** |  |
| Net realized gain (loss) on: |  |
| Investments | (1131059)<br>|
| In-kind redemptions | 1577928 |
| Net realized gain (loss) | 446869 |
| Net change in unrealized appreciation (depreciation) on investments | 2019718 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** | 2466587 |
| **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $2310887 |

---

See Notes to Financial Statements

------

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**Statements of Changes in Net Assets** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |
| Net investment income (loss) | $(155700)<br>| &nbsp;&nbsp; $(54136)<br>|
| Net realized gain (loss) | 446869 | &nbsp;&nbsp; 171331 |
| Net change in unrealized appreciation (depreciation) | 2019718 | &nbsp;&nbsp; 2103578 |
| Net increase (decrease) in net assets resulting from operations | 2310887 | &nbsp;&nbsp; 2220773 |
| **DISTRIBUTIONS TO SHAREHOLDERS FROM:** |  |  |
| Investment operations | (102481)<br>| &nbsp;&nbsp; — |
| **SHAREHOLDER TRANSACTIONS:** |  |  |
| Proceeds from shares sold | 8190343<br>| &nbsp;&nbsp; 13435442<br>|
| Cost of shares redeemed | (5051733) <br>| &nbsp;&nbsp; (1852772) <br>|
| Net increase (decrease) in net assets resulting from shareholder transactions | 3138610 | &nbsp;&nbsp; 11582670 |
| Total increase (decrease) in net assets | 5347016 | &nbsp;&nbsp; 13803443 |
| **NET ASSETS:** |  |  |
| Beginning of period | 21177786 | &nbsp;&nbsp; 7374343 |
| End of period | $26524802 | &nbsp;&nbsp; $21177786 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |
| Shares outstanding, beginning of period | 1050002 | &nbsp;&nbsp; 450002 |
| Shares sold | 400000 | &nbsp;&nbsp; 700000 |
| Shares redeemed | (250000)<br>| &nbsp;&nbsp; (100000)<br>|
| Shares outstanding, end of period | 1200002 | &nbsp;&nbsp; 1050002 |

---

See Notes to Financial Statements

------

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**Financial Highlights**

**For a share outstanding throughout each period**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Period** <br>**Ended** <br>**8/31/2022 (a)** |
|  | **2025** | **2024** | **2023** | **Period** <br>**Ended** <br>**8/31/2022 (a)** |
| Net asset value, beginning of period | $20.17 | &nbsp;&nbsp;&nbsp;&nbsp; $16.39 | &nbsp;&nbsp;&nbsp;&nbsp; $15.17 | &nbsp;&nbsp;&nbsp;&nbsp; $20.19 |
| **Income from investment operations:** |  |  |  |  |
| Net investment income (loss)  | (0.13) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.09) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.08) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.08) <br>|
| Net realized and unrealized gain (loss) | 2.15<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.87<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.30<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4.94) <br>|
| Total from investment operations | 2.02<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.78<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.22<br>| &nbsp;&nbsp;&nbsp;&nbsp; (5.02) <br>|
| **Distributions paid to shareholders from:** |  |  |  |  |
| Net investment income | (0.09) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Net asset value, end of period | $22.10<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.17<br>| &nbsp;&nbsp;&nbsp;&nbsp; $16.39<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.17<br>|
| **Total return** (c) | 10.02<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 23.06<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.04<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (24.86)% <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |
| Net assets, end of period (in 000's) | $26525<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21178<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7374<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1517<br>|
| Ratio of total expenses to average net assets | 0.95<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.95<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.95<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.95<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | (0.64)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.47)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.54)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.55)% (d)<br>|
| Portfolio turnover rate (e) | 84<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 86<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 79<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 74<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is October 13, 2021, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(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

------

**Notes to Financial Statements**

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization**

First Trust Exchange-Traded Fund VIII (the "Trust") is an open-end management investment company organized as a Massachusetts business trust on February 22, 2016, 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 Multi-Manager Small Cap Opportunities ETF (the "Fund"), a non-diversified series of the Trust, which trades under the ticker "MMSC" on NYSE Arca, Inc. 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 is an actively managed exchange-traded fund. The Fund seeks to provide long-term capital appreciation. Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowing for investment purposes) in equity securities issued by small capitalization companies. The Fund considers small capitalization companies to be those companies with market capitalizations, at the time of investment, within the market capitalization range of the companies comprising the Russell 2000<sup>®</sup> Growth Index (as of the index's most recent reconstitution). The Fund's portfolio is principally composed of common stocks issued by companies domiciled in the United States and common stocks issued by non-U.S. companies that are principally traded in the United States. The Fund utilizes a multi-manager approach to provide exposure to the small capitalization growth segment of the equity market through the blending of multiple portfolio management teams. There can be no assurance that the Fund will achieve its investment objective. The Fund may not be appropriate for all investors.

**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, Inc. ("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.

------

**Notes to Financial Statements (Continued)**

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**August 31, 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 the 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.

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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 August 31, 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. Restricted Securities**

As of August 31, 2025, the Fund held restricted securities as shown in the following table that the Advisor has deemed illiquid pursuant to procedures adopted by the Trust's Board of Trustees.

------

**Notes to Financial Statements (Continued)**

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Security | Acquisition <br>Date<br>| Shares | Current <br>Price<br>| Carrying <br>Cost<br>| Value | % of <br>Net Assets<br>|
| OmniAb, Inc. - 12.5 Earnout Shares | 11/02/22 | &nbsp;&nbsp; 46 | &nbsp;&nbsp; $0.00 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $0 | 0.00<br> %<br>|
| OmniAb, Inc. - 15 Earnout Shares | 11/02/22 | &nbsp;&nbsp; 46 | 0.00 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 0 | 0.00 |
|  |  |  |  | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $0 | 0.00<br> %<br>|

---

**D. 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 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.

The tax character of distributions paid during the fiscal years ended August 31, 2025 and 2024 was as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Distributions paid from: | 2025 | 2024 |
| Ordinary income | $102481 | &nbsp;&nbsp; $— |
| Capital gains |  | &nbsp;&nbsp; — |
| Return of capital |  | &nbsp;&nbsp; — |

---

As of August 31, 2025, the components of distributable earnings on a tax basis for the Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Undistributed ordinary income | $— |
| Accumulated capital and other gain (loss) | (1702454)<br>|
| Net unrealized appreciation (depreciation) | 4430722 |

---

**E. Income Taxes**

The 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, 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 2022 and taxable years ended 2023, 2024, and 2025 remain open to federal and state audit. As of August 31, 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 August 31, 2025, for federal income tax purposes, the Fund had $1,702,454 of non-expiring capital loss carryforwards available, 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 the Fund's shareholders.

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 August 31, 2025, the Fund had no net late year ordinary or capital losses.

------

**Notes to Financial Statements (Continued)**

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**August 31, 2025**

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 Statement 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 Fund and in-kind transactions. The results of operations and net assets were not affected by these adjustments. For the fiscal year ended August 31, 2025, the adjustments for the Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Accumulated <br>Net Investment <br>Income (Loss)<br>| Accumulated <br>Net Realized <br>Gain (Loss) <br>on Investments<br>| Paid-In <br>Capital<br>|
| $265320 | &nbsp;&nbsp; $(1476468)<br>| &nbsp;&nbsp; $1211148 |

---

As of August 31, 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| Tax Cost | Gross <br> Unrealized <br>Appreciation<br>| Gross <br> Unrealized <br>(Depreciation)<br>| Net Unrealized <br>Appreciation <br>(Depreciation)<br>|
| $22108245 | &nbsp;&nbsp; $5941370 | &nbsp;&nbsp; $(1510648)<br>| &nbsp;&nbsp; $4430722 |

---

**F. Expenses**

Expenses, other than the investment advisory fee and other excluded expenses, are paid by the Advisor (see Note 3).

**G. 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 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 ongoing monitoring of the securities in the Fund's portfolio, selecting and overseeing the investment sub-advisors, 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 Fund's portfolio based on recommendations provided by the Sub-Advisors (defined below) and is responsible for the expenses of the Fund including the cost of transfer agency, sub-advisory, custody, fund administration, legal, audit and other services, but excluding fee payments under the Investment Management Agreement, interest, taxes, acquired fund fees and expenses, 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, and extraordinary expenses, which are paid by the Fund. 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**Notes to Financial Statements (Continued)**

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**August 31, 2025**

---

| | |
|:---|:---|
| Breakpoints |  |
| Fund net assets up to and including $2.5 billion | 0.95000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.92625<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.90250<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.87875<br> %<br>|
| Fund net assets greater than $10 billion up to and including $15 billion | 0.85500<br> %<br>|
| Fund net assets greater than $15 billion | 0.80750<br> %<br>|

---

The Fund utilizes a multi-manager structure. The Trust, on behalf of the Fund, and First Trust have retained Driehaus Capital Management LLC ("DCM") and Stephens Investment Management Group, LLC ("SIMG") (each, a "Sub-Advisor" and together, "Sub-Advisors"), to serve as non-discretionary investment sub-advisors to the Fund pursuant to sub-advisory agreements (the "Sub-Advisory Agreements"). In this capacity, DCM and SIMG are each responsible for providing recommendations to First Trust regarding the selection and allocation of the securities in the portion of the Fund's portfolio they have been allocated by First Trust. Pursuant to the Sub-Advisory Agreements, First Trust has agreed to pay for the services and facilities provided by the Sub-Advisors through sub-advisory fees equal in the aggregate to an annual rate of 0.35% of the average daily net assets of the Fund (i.e., for each sub-advisor, 0.35% of the average daily net assets of the portion of the Fund's assets allocated to that sub-advisor). Each Sub-Advisor's fees are paid by First Trust out of First Trust's management fee.

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 year ended August 31, 2025, the cost of purchases and proceeds from sales of investments, excluding short-term investments and in-kind transactions, were $20,267,009 and $20,518,262, respectively.

For the fiscal year ended August 31, 2025, the cost of in-kind purchases and proceeds from in-kind sales were $8,114,687 and $5,016,340, respectively.

**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

------

**Notes to Financial Statements (Continued)**

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**August 31, 2025**

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 December 31, 2026.

**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.

------

**Report of Independent Registered Public Accounting Firm**

**To the Shareholders and the Board of Trustees of First Trust Exchange-Traded Fund VIII:**

**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 Multi-Manager Small Cap Opportunities ETF (the "Fund"), one of the funds constituting the First Trust Exchange-Traded Fund VIII, as of August 31, 2025, the related statement of operations for the year then ended, statements of changes in net assets for each of the two years in the period then ended, financial highlights for the years ended August 31, 2025, 2024, and 2023, and for the period from October 13, 2021 (commencement of investment operations) through August 31, 2022, 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 August 31, 2025, and the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for the years ended August 31, 2025, 2024, and 2023, and for the period from October 13, 2021 (commencement of investment operations) through August 31, 2022, 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 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 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 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 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 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 Fund's 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 August 31, 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

October 21, 2025

We have served as the auditor of one or more First Trust investment companies since 2001.

------

**Other Information**

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**August 31, 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 year ended August 31, 2025.

**Proxy Disclosures (Item 9 of Form N-CSR)**

At a special meeting of shareholders of First Trust Exchange-Traded Fund VIII (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| James A. Bowen\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931952816 <br>5974259<br>|
| Thomas J. Driscoll\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931990349 <br>5936726<br>|
| Richard E. Erickson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931309705 <br>6617370<br>|
| Thomas R. Kadlec\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931262372 <br>6664703<br>|
| Denise M. Keefe\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932234496 <br>5692579<br>|
| Robert F. Keith\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931417790 <br>6509285<br>|
| Niel B. Nielson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931068296 <br>6858779<br>|
| Bronwyn Wright\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841558465 <br>96368610<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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 VIII (the "Trust"), including the Independent Trustees, unanimously approved the continuation of the Investment Management Agreement (the "Advisory Agreement") between the Trust, on behalf of First Trust Multi-Manager Small Cap Opportunities ETF (the "Fund"), and First Trust Advisors L.P. (the "Advisor"), and the Investment Sub-Advisory Agreement (the "Driehaus Sub-Advisory Agreement") among the Trust, on behalf of the Fund, the Advisor and Driehaus Capital Management LLC ("Driehaus"). Driehaus and Stephens Investment Management Group, LLC ("SIMG") are each referred to as a "Sub-Advisor" and collectively as the "Sub-Advisors." The Advisory Agreement and the Driehaus Sub-Advisory Agreement are collectively referred to as the "Agreements." The Board approved the continuation of the Agreements for a one-year

------

**Other Information (Continued)**

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**August 31, 2025 (Unaudited)**

period ending June 30, 2026 at a meeting held on June 8–9, 2025. The Board determined that the continuation of the Agreements 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, 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 and Driehaus 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 and Driehaus to the Fund (including the relevant personnel responsible for these services and their experience); the 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 clients of the Advisor, including other exchange-traded funds ("ETFs") managed by the Advisor; the sub-advisory fee payable to Driehaus as compared to fees charged to other clients of Driehaus; the expense ratio of the Fund as compared to expense ratios of the funds in the Fund's Expense Group and Expense Universe; performance information for the Fund, including comparisons of the 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 the Fund and the potential for the Advisor and Driehaus to realize economies of scale, if any; profitability and other financial data for the Advisor; financial data for Driehaus; any indirect benefits to the Advisor and its affiliate, First Trust Portfolios L.P. ("FTP"), and Driehaus; and information on the Advisor's and Driehaus's compliance programs. 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 and Driehaus. 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 arrangements between the Trust and the Advisor and among the Trust, the Advisor and Driehaus continue to be reasonable business arrangements from the 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 the Fund knowing that the Advisor and the Sub-Advisors manage the Fund and knowing the Fund's unitary fee.

The Board noted that it had approved the continuation of the Investment Sub-Advisory Agreement (the "Current SIMG Sub-Advisory Agreement") among the Trust, on behalf of the Fund, the Advisor and SIMG, and a new Investment Sub-Advisory Agreement among the Trust, on behalf of the Fund, the Advisor and SIMG, to take effect upon the termination of the Current SIMG Sub-Advisory Agreement as a result of an expected change of control of SIMG that would operate as an "assignment" of the Current SIMG Sub-Advisory Agreement, at the April 22, 2025 meeting. Accordingly, the Board did not consider the renewal of the Current SIMG Sub-Advisory Agreement at the June 8–9, 2025 meeting.

In reviewing the Agreements, the Board considered the nature, extent and quality of the services provided by the Advisor and the Sub-Advisors under the Agreements. The Board considered that the Fund is an actively-managed ETF and employs a multi-manager structure. With respect to the Advisory Agreement, the Board considered that the Advisor is responsible for the overall management and administration of the Trust and the Fund and reviewed all of the services provided by the Advisor to the Fund, including the oversight of the Sub-Advisors and the allocation of assets between the Sub-Advisors performed by members of the Advisor's Investment Committee, as well as the background and experience of the persons responsible for such services. The Board considered that each Sub-Advisor acts as a non-discretionary manager providing model portfolio recommendations to the Advisor, and that the Advisor executes the Fund's portfolio trades. The Board noted that the Advisor oversees the management of the Fund's investments, including portfolio risk monitoring and performance review. 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, each Sub-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. The Board also considered a report from the Advisor with respect to its risk management functions related to the operation of the Fund. 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 Fund and the other funds in the First Trust Fund Complex. With respect

------

**Other Information (Continued)**

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**August 31, 2025 (Unaudited)**

to the Driehaus Sub-Advisory Agreement, the Board noted that the Fund is an actively-managed ETF and Driehaus actively manages a portion of the Fund's investments. The Board reviewed the materials provided by Driehaus and considered the services that Driehaus provides to the Fund, including Driehaus' non-discretionary management of the portion of the Fund's assets allocated to it. In considering Driehaus' services to the Fund, the Board noted the background and experience of Driehaus' portfolio management team, including the Board's prior meetings with members of the portfolio management team. 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 the Fund by the Advisor and Driehaus under the Agreements have been and are expected to remain satisfactory and that the Advisor and Driehaus have managed the Fund consistent with its investment objective, policies and restrictions.

The Board considered the unitary fee rate schedule payable by the Fund under the Advisory Agreement for the services provided. The Board noted that the Advisor pays each Sub-Advisor a separate sub-advisory fee from the unitary fee. The Board considered that as part of the unitary fee the Advisor is responsible for the Fund's expenses, including the cost of sub-advisory, transfer agency, custody, fund administration, legal, audit and other services and license fees, if any, but excluding the fee payment under the Advisory 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 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 and Driehaus to other fund (including ETFs) and non-fund clients, as applicable. Because the 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 the Fund was above the median total (net) expense ratio of the peer funds in the Expense Group. With respect to the Expense Group, the Board discussed with Broadridge its methodology for assembling peer groups and discussed with the Advisor limitations in creating peer groups for actively-managed ETFs, and different business models that may affect the pricing of services among ETF sponsors. The Board also noted that not all peer funds employ an advisor/sub-advisor management structure. 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 Fund and other non-ETF clients that limited their comparability. In considering the unitary fee rate schedule 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 the Fund and the other funds in the First Trust Fund Complex.

The Board considered performance information for the Fund. The Board noted the process it has established for monitoring the Fund's performance and portfolio risk on an ongoing basis, which includes quarterly performance reporting from the Advisor and the Sub-Advisors for the Fund. The Board determined that this process continues to be effective for reviewing the Fund's performance. The Board received and reviewed information comparing the Fund's performance for periods ended December 31, 2024 to the performance of the funds in the Performance Universe and to that of a benchmark index. Based on the information provided, the Board noted that the Fund outperformed the Performance Universe median and the benchmark index for the one-year period ended December 31, 2024, outperformed the Performance Universe median for the three-year period ended December 31, 2024, and underperformed the benchmark index for the three-year period ended December 31, 2024.

On the basis of all the information provided on the unitary fee and performance of the Fund and the ongoing oversight by the Board, the Board concluded that the unitary fee for the Fund (out of which the Sub-Advisors are compensated) continues to be reasonable and appropriate in light of the nature, extent and quality of the services provided by the Advisor and Driehaus to the 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 Fund at current asset levels and whether the Fund may benefit from any economies of scale. The Board noted that the unitary fee rate schedule for the 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 Fund 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 Fund 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 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 current asset levels. The Board considered the revenues and allocated costs (including the allocation methodology) of the Advisor in serving as investment advisor to the Fund for the twelve months ended December 31, 2024 and the estimated profitability level for the Fund calculated by the Advisor based on such data, as well as complex-wide and product-line profitability data, for the same period. The Board noted the inherent limitations in the profitability analysis and concluded that, based on the information provided, the Advisor's profitability level for the

------

**Other Information (Continued)**

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**August 31, 2025 (Unaudited)**

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 does 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.

With respect to the Driehaus Sub-Advisory Agreement, the Board considered Driehaus' statements that it expects to earn a reasonable profit from its advisory relationship with the Fund after the allocation of overhead costs primarily due to having other client accounts that employ the same strategy as the Fund to scale fixed costs, but that Driehaus does not expect any sustained and meaningful economies of scale related to its relationship with the Fund in the near term, and that it believes the sub-advisory fee is appropriate. The Board noted that the Advisor pays Driehaus from the unitary fee and its understanding that the Fund's sub-advisory fee was the product of an arm's length negotiation. The Board did not review the profitability of Driehaus with respect to the Fund. The Board concluded that the profitability analysis for the Advisor was more relevant. The Board considered indirect benefits that may be realized by Driehaus from its relationship with the Fund, and noted Driehaus' statement that it does not expect any other benefits to be derived from its relationship with the Advisor and the Fund. The Board noted that Driehaus acts as a non-discretionary manager providing model portfolio recommendations to the Advisor and does not provide trade execution services to the Fund. The Board concluded that the character and amount of potential indirect benefits to Driehaus 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 the Fund. No single factor was determinative in the Board's analysis.

**CONTINUATION OF CURRENT SIMG SUB-ADVISORY AGREEMENT**

The Board of Trustees of First Trust Exchange-Traded Fund VIII (the "Trust"), including the Independent Trustees, unanimously approved the continuation of the Investment Sub-Advisory Agreement (the "Agreement") among the Trust, on behalf of First Trust Multi-Manager Small Cap Opportunities ETF (the "Fund"), First Trust Advisors L.P. (the "Advisor") and Stephens Investment Management Group, LLC ("SIMG") at a meeting held on April 22, 2025. The Board determined 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, 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 the meeting held on April 22, 2025, the Board, including the Independent Trustees, reviewed materials provided by SIMG 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 SIMG to the Fund (including the relevant personnel responsible for these services and their experience); the sub-advisory fee rate as compared to fees charged to other clients of SIMG; performance information for the Fund, including comparisons of the 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 Financial Solutions, Inc., an independent source; the nature of expenses incurred in providing services to the Fund and the potential for SIMG to realize economies of scale, if any; financial data for SIMG; any indirect benefits to SIMG; and information on SIMG's compliance program. The Board reviewed the materials at the meeting held on April 22, 2025. The Independent Trustees and their counsel also met separately to discuss the information provided by SIMG prior to and during the April meeting. The Board applied its business judgment to determine whether the arrangement among the Trust, the Advisor and SIMG continues to be a reasonable business arrangement from the Fund's perspective. The Board determined that, given the totality of the information provided with respect to the Agreement, the Board had received sufficient information to renew the Agreement. The Board considered that shareholders chose to invest or remain invested in the Fund knowing that SIMG is a sub-advisor to the Fund.

In reviewing the Agreement, the Board considered the nature, extent and quality of the services provided by SIMG under the Agreement. The Board considered that the Fund is an actively-managed ETF and employs a multi-manager structure. The Board considered that SIMG acts as a non-discretionary manager providing model portfolio recommendations to the Advisor, and that the Advisor executes the Fund's portfolio trades. The Board reviewed the materials provided by SIMG and noted the background and

------

**Other Information (Continued)**

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**August 31, 2025 (Unaudited)**

experience of SIMG's portfolio management team, including the Board's prior meetings with members of the portfolio management team. 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 Fund by SIMG under the Agreement have been and are expected to remain satisfactory.

The Board considered the sub-advisory fee rate paid by the Advisor to SIMG from the Advisor's unitary fee. The Board received and reviewed information showing the advisory fee rates charged by SIMG to other similar fund and non-fund clients, noting that the sub-advisory fee rate was lower than the fees charged by SIMG to other similar clients.

The Board considered performance information for the Fund. The Board noted the process it has established for monitoring the Fund's performance and portfolio risk on an ongoing basis, which includes quarterly performance reporting for the Fund. The Board determined that this process continues to be effective for reviewing the Fund's performance. The Board received and reviewed information comparing the Fund's performance for periods ended December 31, 2024 to the performance of the funds in the Performance Universe and to that of a benchmark index. Based on the information provided, the Board noted that the Fund outperformed the Performance Universe median and the benchmark index for the one-year period ended December 31, 2024, outperformed the Performance Universe median for the three-year period ended December 31, 2024, and underperformed the benchmark index for the three-year period ended December 31, 2024.

On the basis of all the information provided on the sub-advisory fee and performance of the Fund and the ongoing oversight by the Board, the Board concluded that the sub-advisory fee continues to be reasonable and appropriate in light of the nature, extent and quality of the services provided by SIMG under the Agreement.

The Board considered SIMG's statements that it believes the sub-advisory fee reflects economies of scale for the benefit of the Fund's investors, that it does not anticipate additional economies of scale in the near future, that it believes its expenses related to providing services to the Fund will remain approximately the same over the next twelve months, and that it believes the sub-advisory fee is appropriate in light of any economies of scale. The Board noted that the Advisor pays SIMG from the unitary fee and its understanding that the Fund's sub-advisory fee was the product of an arm's length negotiation. The Board did not review the profitability of SIMG with respect to the Fund. The Board considered indirect benefits that may be realized by SIMG from its relationship with the Fund, and noted SIMG's description of marketing and related benefits it expects to receive from its relationship with the Advisor and the Fund. The Board noted that SIMG acts as a non-discretionary manager providing model portfolio recommendations to the Advisor and does not provide trade execution services to the Fund. The Board concluded that the character and amount of potential indirect benefits to SIMG 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 Agreement continue to be fair and reasonable and that the continuation of the Agreement is in the best interests of the Fund. No single factor was determinative in the Board's analysis.

**APPROVAL OF NEW SIMG SUB-ADVISORY AGREEMENT**

The Board of Trustees of First Trust Exchange-Traded Fund VIII (the "Trust"), including the Independent Trustees, unanimously approved a new Investment Sub-Advisory Agreement (the "New Sub-Advisory Agreement") among the Trust, on behalf of First Trust Multi-Manager Small Cap Opportunities ETF (the "Fund"), First Trust Advisors L.P. (the "Advisor") and Stephens Investment Management Group, LLC ("SIMG") at a meeting held on April 22, 2025. The Board determined that the approval of the New Sub-Advisory 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.

SIMG currently serves as an investment sub-advisor to the Fund pursuant to an Investment Sub-Advisory Agreement (the "Prior Sub-Advisory Agreement") among the Trust, on behalf of the Fund, the Advisor and SIMG. In March 2025, the Board was informed that Mr. Warren Stephens, the sole owner of Stephens Investments Holdings LLC ("SIH"), the parent company of SIMG, intended to transfer a total of 75% of his ownership and voting interests in SIH, in equal shares, to trusts controlled by each of his three adult children (the "Transaction"). The Board was also informed that the closing of the Transaction, which was expected to occur in 2025, would operate as an "assignment" of the Prior Sub-Advisory Agreement under the Investment Company Act of 1940, as amended (the "1940 Act") and, as a result, the Prior Sub-Advisory Agreement would terminate pursuant to its terms and the requirements of the 1940 Act. The New Sub-Advisory Agreement was proposed to the Board to take effect upon the termination of the Prior Sub-Advisory Agreement to provide for SIMG's continuous service as an investment sub-advisor to the Fund. In considering the New Sub-Advisory Agreement, the Board considered that the Advisor was relying on an exemptive order issued by the Securities and Exchange Commission (the "SEC") to the Advisor and the Trust and certain no-action assurances issued by the SEC staff that permit the

------

**Other Information (Continued)**

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**August 31, 2025 (Unaudited)**

Advisor, subject to approval by the Board, to enter into new sub-advisory agreements for the Fund without obtaining shareholder approval. The Board also considered that it approved the continuation of the Prior Sub-Advisory Agreement at the April 22, 2025 Board meeting.

To reach its determination to approve the New Sub-Advisory Agreement, the Board considered its duties under 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 the meeting held on April 22, 2025, the Board, including the Independent Trustees, reviewed materials provided by SIMG responding to requests for information from counsel to the Independent Trustees, submitted on behalf of the Independent Trustees, that, among other things, outlined: the structure and details of the Transaction and expected impact on SIMG; the services provided by SIMG to the Fund (including the relevant personnel responsible for these services and their experience); the sub-advisory fee rate as compared to fees charged to other clients of SIMG; performance information for the Fund, including comparisons of the 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 Financial Solutions, Inc., an independent source; the nature of expenses incurred in providing services to the Fund and the potential for SIMG to realize economies of scale, if any; financial data for SIMG; any indirect benefits to SIMG; and information on SIMG's compliance program. The Board reviewed the materials at the meeting held on April 22, 2025. The Independent Trustees and their counsel also met separately to discuss the information provided by SIMG prior to and during the April meeting. The Board applied its business judgment to determine whether the arrangement among the Trust, the Advisor and SIMG would be a reasonable business arrangement from the Fund's perspective. The Board determined that, given the totality of the information provided with respect to the New Sub-Advisory Agreement, the Board had received sufficient information to approve the New Sub-Advisory Agreement. The Board considered that shareholders chose to invest or remain invested in the Fund knowing that SIMG is a sub-advisor to the Fund.

In reviewing the New Sub-Advisory Agreement, the Board considered the nature, extent and quality of the services to be provided by SIMG under the New Sub-Advisory Agreement, which are not expected to change from the services provided under the Prior Sub-Advisory Agreement. The Board considered that the Fund is an actively-managed ETF and employs a multi-manager structure. The Board considered that SIMG acts as a non-discretionary manager providing model portfolio recommendations to the Advisor, and that the Advisor executes the Fund's portfolio trades. The Board reviewed the materials provided by SIMG and noted the background and experience of SIMG's portfolio management team, including the Board's prior meetings with members of the portfolio management team. The Board noted that there would be no changes to SIMG's portfolio management team as a result of the Transaction. The Board noted SIMG's statement that there would be no diminution in the nature, quality or extent of services provided by SIMG to the Fund as a result of the Transaction. 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 SIMG under the New Sub-Advisory Agreement are expected to be satisfactory.

The Board considered the sub-advisory fee rate to be payable under the New Sub-Advisory Agreement, noting that it would be the same sub-advisory fee rate paid under the Prior Sub-Advisory Agreement. The Board noted that the sub-advisory fee would continue to be paid by the Advisor to SIMG from the Advisor's unitary fee. The Board received and reviewed information showing the advisory fee rates charged by SIMG to other similar fund and non-fund clients, noting that the sub-advisory fee rate was lower than the fees charged by SIMG to other similar clients.

The Board considered performance information for the Fund. The Board noted the process it has established for monitoring the Fund's performance and portfolio risk on an ongoing basis, which includes quarterly performance reporting for the Fund. The Board determined that this process continues to be effective for reviewing the Fund's performance. The Board received and reviewed information comparing the Fund's performance for periods ended December 31, 2024 to the performance of the funds in the Performance Universe and to that of a benchmark index. Based on the information provided, the Board noted that the Fund outperformed the Performance Universe median and the benchmark index for the one-year period ended December 31, 2024, outperformed the Performance Universe median for the three-year period ended December 31, 2024, and underperformed the benchmark index for the three-year period ended December 31, 2024.

On the basis of all the information provided on the sub-advisory fee rate and the performance of the Fund and the ongoing oversight by the Board, the Board concluded that the sub-advisory fee rate is reasonable and appropriate in light of the nature, extent and quality of the services expected to be provided by SIMG under the New Sub-Advisory Agreement.

------

**Other Information (Continued)**

**First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)**

**August 31, 2025 (Unaudited)**

The Board considered SIMG's statements that it believes the sub-advisory fee reflects economies of scale for the benefit of the Fund's investors, that it does not anticipate additional economies of scale in the near future, that it believes its expenses related to providing services to the Fund will remain approximately the same over the next twelve months, and that it believes the sub-advisory fee is appropriate in light of any economies of scale. The Board noted that the Advisor would pay SIMG from the unitary fee and its understanding that the Fund's sub-advisory fee was the product of an arm's length negotiation. The Board did not review the profitability of SIMG with respect to the Fund. The Board considered indirect benefits that may be realized by SIMG from its relationship with the Fund, and noted SIMG's description of marketing and related benefits it expects to receive from its relationship with the Advisor and the Fund. The Board noted that SIMG acts as a non-discretionary manager providing model portfolio recommendations to the Advisor and does not provide trade execution services to the Fund. The Board concluded that the character and amount of potential indirect benefits to SIMG were not expected to be 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 New Sub-Advisory Agreement are fair and reasonable and that the approval of the New Sub-Advisory Agreement is in the best interests of the Fund. No single factor was determinative in the Board's analysis.

**Federal Tax Information**

For the taxable year ended August 31, 2025, the following percentages of income dividends paid by the Fund qualify for the dividends received deduction available to corporations and are hereby designated as qualified dividend income:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Dividends Received Deduction | Qualified Dividend Income |
| 37.91<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41.78<br> %<br>|

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Annual Financial Statements and Other Information <br> For the Year Ended August 31, 2025

![](img9669757e1.gif)

<u>First Trust Exchange-Traded Fund VIII</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

First Trust Smith Opportunistic Fixed Income ETF (FIXD) (formerly known as First Trust TCW Opportunistic Fixed Income ETF) <br> First Trust Smith Unconstrained Bond ETF (UCON) (formerly known as First Trust TCW Unconstrained Plus Bond ETF)

------

**Table of Contents** 

**First Trust Exchange-Traded Fund VIII**

**Annual Financial Statements and Other Information**

**August 31, 2025** 

---

| | |
|:---|:---|
| [Portfolio of Investments](#xx_8b06e6a5-04c5-415a-9510-c2afc22a76be_SOI-TOC-ScheduleofInvestments-4302_1) |  |
| [First Trust Smith Opportunistic Fixed Income ETF (FIXD)](#xx_8b06e6a5-04c5-415a-9510-c2afc22a76be_SOI-TOC-ScheduleofInvestments-4302_1) | 1 |
| [First Trust Smith Unconstrained Bond ETF (UCON)](#xx_8b06e6a5-04c5-415a-9510-c2afc22a76be_SOI-TOC-ScheduleofInvestments-4290_1) | 14 |
| [Statements of Assets and Liabilities](#xx_8b06e6a5-04c5-415a-9510-c2afc22a76be_SAL1-TOC-StatementofAssetsandLiabilities-4302_1) | 29 |
| [Statements of Operations](#xx_8b06e6a5-04c5-415a-9510-c2afc22a76be_SOP1-TOC-StatementofOperations-4302_1) | 30 |
| [Statements of Changes in Net Assets](#xx_8b06e6a5-04c5-415a-9510-c2afc22a76be_SOC1-TOC-StatementofChanges-4302_1) | 31 |
| [Financial Highlights](#xx_8b06e6a5-04c5-415a-9510-c2afc22a76be_FIHI-TOC-FinancialHighlights-4302_1) | 32 |
| [Notes to Financial Statements](#xx_8b06e6a5-04c5-415a-9510-c2afc22a76be_NTF-TOC-NotestoFinancialStatements-4302_1) | 34 |
| [Report of Independent Registered Public Accounting Firm](#xx_8b06e6a5-04c5-415a-9510-c2afc22a76be_AUD-TOC-RIRPAFirm-4302_1) | 47 |
| [Other Information](#xx_8b06e6a5-04c5-415a-9510-c2afc22a76be_AI-TOC-AdditionalInformation-4302_1) | 48 |

---

**Performance and Risk Disclosure**

There is no assurance that any series of First Trust Exchange-Traded Fund VIII (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 Smith Opportunistic Fixed Income ETF (FIXD)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Coupon**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES — 37.2%** | **CORPORATE BONDS AND NOTES — 37.2%** | **CORPORATE BONDS AND NOTES — 37.2%** | **CORPORATE BONDS AND NOTES — 37.2%** | **CORPORATE BONDS AND NOTES — 37.2%** |
|  | **Aerospace/Defense — 5.8%** | **Aerospace/Defense — 5.8%** | **Aerospace/Defense — 5.8%** |  |
| $3208000 | BAE Systems Holdings, Inc. (a) | 3.85% | 12/15/25 | $3201665 |
| 9170000 | Boeing (The) Co. | 2.20% | 02/04/26 | 9083309 |
| 15935000 | Boeing (The) Co. | 6.53% | 05/01/34 | 17461134 |
| 2030000 | Boeing (The) Co. | 5.81% | 05/01/50 | 1953485 |
| 30693000 | Boeing (The) Co. | 7.01% | 05/01/64 | 34039524 |
| 9115000 | General Dynamics Corp. | 4.95% | 08/15/35 | 9215448 |
| 8518000 | General Electric Co. | 4.90% | 01/29/36 | 8559408 |
| 25125000 | L3Harris Technologies, Inc. | 5.35% | 06/01/34 | 25761019 |
| 17995000 | Lockheed Martin Corp. | 5.00% | 08/15/35 | 18116411 |
| 25000000 | Northrop Grumman Corp. | 5.25% | 07/15/35 | 25574679 |
| 30420000 | RTX Corp. | 6.10% | 03/15/34 | 33037219 |
| 5000000 | TransDigm, Inc. (a) | 6.75% | 08/15/28 | 5146437 |
| 1934000 | TransDigm, Inc. (a) | 6.00% | 01/15/33 | 1957096 |
|  |  |  |  | 193106834 |
|  | **Agriculture — 0.7%** | **Agriculture — 0.7%** | **Agriculture — 0.7%** |  |
| 16726000 | Bunge Ltd. Finance Corp. | 4.55% | 08/04/30 | 16821841 |
| 4995000 | Bunge Ltd. Finance Corp. | 5.15% | 08/04/35 | 5010306 |
|  |  |  |  | 21832147 |
|  | **Apparel — 0.3%** | **Apparel — 0.3%** | **Apparel — 0.3%** |  |
| 10100000 | VF Corp. | 2.95% | 04/23/30 | 8818821 |
|  | **Auto Manufacturers — 2.2%** | **Auto Manufacturers — 2.2%** | **Auto Manufacturers — 2.2%** |  |
| 2447000 | Ford Motor Credit Co. LLC | 3.38% | 11/13/25 | 2439091 |
| 5000000 | Ford Motor Credit Co. LLC | 4.39% | 01/08/26 | 4992221 |
| 10000000 | Ford Motor Credit Co. LLC | 6.80% | 05/12/28 | 10388154 |
| 36225000 | Ford Motor Credit Co. LLC | 6.50% | 02/07/35 | 36528575 |
| 6650000 | General Motors Co. | 5.63% | 04/15/30 | 6870939 |
| 12255000 | General Motors Co. | 6.25% | 04/15/35 | 12709467 |
|  |  |  |  | 73928447 |
|  | **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** | **Auto Parts & Equipment — 0.1%** |  |
| 4358000 | Goodyear Tire & Rubber (The) Co. | 6.63% | 07/15/30 | 4436963 |
|  | **Banks — 6.0%** | **Banks — 6.0%** | **Banks — 6.0%** |  |
| 2000000 | Bank of America Corp. (b) | 2.59% | 04/29/31 | 1850089 |
| 5265000 | Bank of America Corp. (b) | 1.92% | 10/24/31 | 4651104 |
| 1800000 | Bank of America Corp. (b) | 5.29% | 04/25/34 | 1846953 |
| 720000 | Bank of America Corp. (b) | 5.47% | 01/23/35 | 744230 |
| 920000 | Bank of America Corp. (b) | 5.51% | 01/24/36 | 948221 |
| 1820000 | Bank of America Corp. (b) | 5.74% | 02/12/36 | 1865373 |
| 4110000 | Citigroup, Inc. (b) | 2.98% | 11/05/30 | 3884955 |
| 6465000 | Citigroup, Inc. (b) | 5.33% | 03/27/36 | 6535610 |
| 5490000 | First Citizens BancShares, Inc. (b) | 5.23% | 03/12/31 | 5570605 |
| 20590000 | First Citizens BancShares, Inc. (b) | 6.25% | 03/12/40 | 20728632 |
| 1790000 | Goldman Sachs Bank USA (b) | 5.28% | 03/18/27 | 1798386 |
| 860000 | Goldman Sachs Group (The), Inc. (b) | 1.43% | 03/09/27 | 846730 |
| 18965000 | Goldman Sachs Group (The), Inc. (b) | 1.54% | 09/10/27 | 18430245 |
| 1785000 | Goldman Sachs Group (The), Inc. (b) | 5.22% | 04/23/31 | 1843439 |
| 1760000 | Goldman Sachs Group (The), Inc. (b) | 5.85% | 04/25/35 | 1856602 |
| 8020000 | Goldman Sachs Group (The), Inc. (b) | 5.02% | 10/23/35 | 7972876 |
| 775000 | Goldman Sachs Group (The), Inc. (b) | 5.54% | 01/28/36 | 799469 |
| 1650000 | JPMorgan Chase & Co. (b) | 1.05% | 11/19/26 | 1638023 |

---

See Notes to Financial Statements

------

**First Trust Smith Opportunistic Fixed Income ETF (FIXD)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Banks (Continued)** | **Banks (Continued)** | **Banks (Continued)** |  |
| $1895000 | JPMorgan Chase & Co. (b) | 1.04% | 02/04/27 | $1868563 |
| 1765000 | JPMorgan Chase & Co. (b) | 5.57% | 04/22/28 | 1803092 |
| 2625000 | JPMorgan Chase & Co. (b) | 4.01% | 04/23/29 | 2615462 |
| 1445000 | JPMorgan Chase & Co. (b) | 2.07% | 06/01/29 | 1367071 |
| 1855000 | JPMorgan Chase & Co. (b) | 1.95% | 02/04/32 | 1631377 |
| 2260000 | JPMorgan Chase & Co. (b) | 2.55% | 11/08/32 | 2015753 |
| 1800000 | JPMorgan Chase & Co. (b) | 5.34% | 01/23/35 | 1849586 |
| 2045000 | JPMorgan Chase & Co. (b) | 4.95% | 10/22/35 | 2034194 |
| 1300000 | JPMorgan Chase & Co. (b) | 5.50% | 01/24/36 | 1342898 |
| 1780000 | JPMorgan Chase & Co. (b) | 5.57% | 04/22/36 | 1851300 |
| 4011000 | JPMorgan Chase & Co. (b) | 5.58% | 07/23/36 | 4101276 |
| 495000 | Morgan Stanley (b) | 0.99% | 12/10/26 | 490201 |
| 610000 | Morgan Stanley (b) | 1.51% | 07/20/27 | 595045 |
| 6500000 | Morgan Stanley (b) | 1.93% | 04/28/32 | 5646349 |
| 3340000 | Morgan Stanley (b) | 6.63% | 11/01/34 | 3709137 |
| 1255000 | Morgan Stanley (b) | 5.83% | 04/19/35 | 1325037 |
| 5010000 | Morgan Stanley (b) | 5.59% | 01/18/36 | 5182021 |
| 11555000 | Morgan Stanley (b) | 5.66% | 04/17/36 | 12032229 |
| 2365000 | PNC Financial Services Group (The), Inc. (b) | 6.88% | 10/20/34 | 2656370 |
| 8525000 | Regions Financial Corp. (b) | 5.50% | 09/06/35 | 8657511 |
| 14866000 | Synovus Financial Corp. (b) | 6.17% | 11/01/30 | 15469279 |
| 2925000 | US Bancorp (b) | 4.84% | 02/01/34 | 2908373 |
| 6415000 | Wells Fargo & Co. (b) | 5.24% | 01/24/31 | 6628626 |
| 8165000 | Wells Fargo & Co. (b) | 5.39% | 04/24/34 | 8405190 |
| 855000 | Wells Fargo & Co. (b) | 5.21% | 12/03/35 | 862549 |
| 18390000 | Wells Fargo & Co. (b) | 5.61% | 04/23/36 | 19100668 |
|  |  |  |  | 199960699 |
|  | **Biotechnology — 0.4%** | **Biotechnology — 0.4%** | **Biotechnology — 0.4%** |  |
| 14345000 | Amgen, Inc. | 5.25% | 03/02/33 | 14731239 |
|  | **Chemicals — 0.4%** | **Chemicals — 0.4%** | **Chemicals — 0.4%** |  |
| 3918000 | Ecolab, Inc. | 5.00% | 09/01/35 | 3947475 |
| 7500000 | EIDP, Inc. | 5.13% | 05/15/32 | 7700607 |
|  |  |  |  | 11648082 |
|  | **Commercial Services — 0.2%** | **Commercial Services — 0.2%** | **Commercial Services — 0.2%** |  |
| 6800000 | Boost Newco Borrower LLC (a) | 7.50% | 01/15/31 | 7218628 |
|  | **Computers — 0.4%** | **Computers — 0.4%** | **Computers — 0.4%** |  |
| 10765000 | Leidos, Inc. | 5.40% | 03/15/32 | 11127427 |
| 3645000 | Leidos, Inc. | 5.50% | 03/15/35 | 3732871 |
|  |  |  |  | 14860298 |
|  | **Diversified Financial Services — 2.3%** | **Diversified Financial Services — 2.3%** | **Diversified Financial Services — 2.3%** |  |
| 2500000 | Air Lease Corp. | 4.63% | 10/01/28 | 2527734 |
| 2801000 | American Express Co. (b) | 4.35% | 07/20/29 | 2815920 |
| 3640000 | American Express Co. (b) | 5.28% | 07/26/35 | 3718535 |
| 3685000 | American Express Co. (b) | 5.67% | 04/25/36 | 3852050 |
| 5360000 | Charles Schwab (The) Corp., SOFR Compounded Index + <br> 1.05% (c) | 5.41% | 03/03/27 | 5401964 |
| 8350000 | Citadel Securities Global Holdings LLC (a) | 5.50% | 06/18/30 | 8547464 |
| 8300000 | Citadel Securities Global Holdings LLC (a) | 6.20% | 06/18/35 | 8528613 |
| 20810000 | Jane Street Group / JSG Finance, Inc. (a) | 7.13% | 04/30/31 | 21755357 |

---

See Notes to Financial Statements

------

**First Trust Smith Opportunistic Fixed Income ETF (FIXD)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Diversified Financial Services (Continued)** | **Diversified Financial Services (Continued)** | **Diversified Financial Services (Continued)** |  |
| $2709000 | Jane Street Group / JSG Finance, Inc. (a) | 6.13% | 11/01/32 | $2723472 |
| 8875000 | Jane Street Group / JSG Finance, Inc. (a) | 6.75% | 05/01/33 | 9176626 |
| 7850000 | TPG Operating Group II, L.P. | 5.38% | 01/15/36 | 7818126 |
|  |  |  |  | 76865861 |
|  | **Electric — 0.4%** | **Electric — 0.4%** | **Electric — 0.4%** |  |
| 9155000 | Calpine Corp. (a) | 4.50% | 02/15/28 | 9072935 |
| 2185000 | Oncor Electric Delivery Co. LLC (a) | 5.35% | 04/01/35 | 2247614 |
| 2581000 | Vistra Operations Co. LLC (a) | 5.50% | 09/01/26 | 2578842 |
|  |  |  |  | 13899391 |
|  | **Entertainment — 0.9%** | **Entertainment — 0.9%** | **Entertainment — 0.9%** |  |
| 8310000 | Vail Resorts, Inc. (a) | 5.63% | 07/15/30 | 8425966 |
| 5092000 | Warnermedia Holdings, Inc. | 4.05% | 03/15/29 | 4841397 |
| 6239000 | Warnermedia Holdings, Inc. | 4.28% | 03/15/32 | 5388156 |
| 8851000 | Warnermedia Holdings, Inc. | 5.05% | 03/15/42 | 5970575 |
| 10239000 | Warnermedia Holdings, Inc. | 5.14% | 03/15/52 | 6384631 |
|  |  |  |  | 31010725 |
|  | **Food — 2.6%** | **Food — 2.6%** | **Food — 2.6%** |  |
| 19350000 | Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons, L.P. / <br> Albertsons LLC (a) | 6.50% | 02/15/28 | 19736226 |
| 2288000 | Flowers Foods, Inc. | 5.75% | 03/15/35 | 2331955 |
| 33350000 | Kroger (The) Co. | 5.00% | 09/15/34 | 33257903 |
| 5370000 | Mars, Inc. (a) | 4.80% | 03/01/30 | 5474234 |
| 3620000 | Mars, Inc. (a) | 5.20% | 03/01/35 | 3655822 |
| 8670000 | Pilgrim's Pride Corp. | 6.25% | 07/01/33 | 9148081 |
| 11725000 | Pilgrim's Pride Corp. | 6.88% | 05/15/34 | 12853109 |
|  |  |  |  | 86457330 |
|  | **Healthcare-Products — 1.4%** | **Healthcare-Products — 1.4%** | **Healthcare-Products — 1.4%** |  |
| 11500000 | Alcon Finance Corp. (a) | 5.38% | 12/06/32 | 11905105 |
| 11375000 | GE HealthCare Technologies, Inc. | 5.50% | 06/15/35 | 11684665 |
| 7085000 | Solventum Corp. | 5.45% | 03/13/31 | 7418617 |
| 14380000 | Solventum Corp. | 5.60% | 03/23/34 | 14940693 |
|  |  |  |  | 45949080 |
|  | **Healthcare-Services — 1.1%** | **Healthcare-Services — 1.1%** | **Healthcare-Services — 1.1%** |  |
| 2943000 | HCA, Inc. | 2.38% | 07/15/31 | 2595357 |
| 7285000 | HCA, Inc. | 5.45% | 09/15/34 | 7380903 |
| 25160000 | HCA, Inc. | 5.75% | 03/01/35 | 25893622 |
| 4689300 | ModivCare, Inc. (d) (e) | 5.00% | 10/01/29 | 169987 |
|  |  |  |  | 36039869 |
|  | **Household Products/Wares — 0.0%** | **Household Products/Wares — 0.0%** | **Household Products/Wares — 0.0%** |  |
| 637000 | Spectrum Brands, Inc. (a) | 3.88% | 03/15/31 | 512785 |
|  | **Insurance — 0.6%** | **Insurance — 0.6%** | **Insurance — 0.6%** |  |
| 8365000 | Brown & Brown, Inc. | 5.55% | 06/23/35 | 8530906 |
| 8313000 | Brown & Brown, Inc. | 6.25% | 06/23/55 | 8510891 |
| 4645000 | Metropolitan Life Global Funding I (a) | 3.45% | 12/18/26 | 4607715 |
|  |  |  |  | 21649512 |
|  | **Lodging — 0.0%** | **Lodging — 0.0%** | **Lodging — 0.0%** |  |
| 956000 | Station Casinos LLC (a) | 4.50% | 02/15/28 | 942889 |

---

See Notes to Financial Statements

------

**First Trust Smith Opportunistic Fixed Income ETF (FIXD)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Machinery-Diversified — 0.2%** | **Machinery-Diversified — 0.2%** | **Machinery-Diversified — 0.2%** |  |
| $5155000 | Chart Industries, Inc. (a) | 7.50% | 01/01/30 | $5409343 |
|  | **Media — 2.3%** | **Media — 2.3%** | **Media — 2.3%** |  |
| 8049000 | CCO Holdings LLC / CCO Holdings Capital Corp. (a) | 5.00% | 02/01/28 | 7988476 |
| 2670000 | Cox Enterprises, Inc. (a) | 7.38% | 07/15/27 | 2804102 |
| 4139000 | Discovery Communications LLC | 4.13% | 05/15/29 | 3923524 |
| 5425000 | Nexstar Media, Inc. (a) | 5.63% | 07/15/27 | 5422509 |
| 9440000 | Nexstar Media, Inc. (a) | 4.75% | 11/01/28 | 9272386 |
| 18580000 | Paramount Global | 4.20% | 05/19/32 | 17352485 |
| 29110000 | Paramount Global | 4.95% | 05/19/50 | 22744662 |
| 7260000 | Sirius XM Radio LLC (a) | 5.00% | 08/01/27 | 7231769 |
| 1297000 | Sirius XM Radio LLC (a) | 3.88% | 09/01/31 | 1167242 |
|  |  |  |  | 77907155 |
|  | **Oil & Gas — 1.6%** | **Oil & Gas — 1.6%** | **Oil & Gas — 1.6%** |  |
| 2903000 | HF Sinclair Corp. | 5.00% | 02/01/28 | 2905495 |
| 4135000 | Hilcorp Energy I, L.P. / Hilcorp Finance Co. (a) | 6.25% | 11/01/28 | 4159318 |
| 10687000 | Hilcorp Energy I, L.P. / Hilcorp Finance Co. (a) | 7.25% | 02/15/35 | 10434897 |
| 5442000 | Occidental Petroleum Corp. | 7.88% | 09/15/31 | 6146365 |
| 8140000 | Ovintiv, Inc. | 6.50% | 08/15/34 | 8575445 |
| 4960000 | Permian Resources Operating LLC (a) | 9.88% | 07/15/31 | 5400279 |
| 8885000 | Permian Resources Operating LLC (a) | 7.00% | 01/15/32 | 9217610 |
| 1999000 | Permian Resources Operating LLC (a) | 6.25% | 02/01/33 | 2037529 |
| 3394000 | Viper Energy Partners LLC | 5.70% | 08/01/35 | 3405183 |
|  |  |  |  | 52282121 |
|  | **Packaging & Containers — 0.0%** | **Packaging & Containers — 0.0%** | **Packaging & Containers — 0.0%** |  |
| 1067000 | Sealed Air Corp. / Sealed Air Corp. U.S. (a) | 7.25% | 02/15/31 | 1124675 |
|  | **Pharmaceuticals — 0.2%** | **Pharmaceuticals — 0.2%** | **Pharmaceuticals — 0.2%** |  |
| 5888000 | CVS Health Corp. | 6.20% | 09/15/55 | 5799503 |
|  | **Pipelines — 1.8%** | **Pipelines — 1.8%** | **Pipelines — 1.8%** |  |
| 491000 | Buckeye Partners, L.P. (a) | 4.50% | 03/01/28 | 483592 |
| 7150000 | Buckeye Partners, L.P. (a) | 6.88% | 07/01/29 | 7414750 |
| 8500000 | Cheniere Energy Partners, L.P. (a) | 5.55% | 10/30/35 | 8582134 |
| 7385000 | Energy Transfer, L.P. | 6.20% | 04/01/55 | 7171123 |
| 3156000 | Flex Intermediate Holdco LLC (a) | 3.36% | 06/30/31 | 2889388 |
| 3275000 | Kinetik Holdings, L.P. (a) | 6.63% | 12/15/28 | 3371422 |
| 10600000 | MPLX, L.P. | 6.20% | 09/15/55 | 10311104 |
| 7046000 | NuStar Logistics, L.P. | 6.38% | 10/01/30 | 7299811 |
| 11943000 | Targa Resources Partners, L.P. / Targa Resources Partners Finance <br> Corp. | 6.88% | 01/15/29 | 12177501 |
|  |  |  |  | 59700825 |
|  | **Private Equity — 0.3%** | **Private Equity — 0.3%** | **Private Equity — 0.3%** |  |
| 9830000 | KKR & Co., Inc. | 5.10% | 08/07/35 | 9757439 |
|  | **Real Estate — 0.4%** | **Real Estate — 0.4%** | **Real Estate — 0.4%** |  |
| 4105000 | CoStar Group, Inc. (a) | 2.80% | 07/15/30 | 3766070 |
| 8945000 | Cushman & Wakefield U.S. Borrower LLC (a) | 6.75% | 05/15/28 | 9038842 |
|  |  |  |  | 12804912 |
|  | **Real Estate Investment Trusts — 0.4%** | **Real Estate Investment Trusts — 0.4%** | **Real Estate Investment Trusts — 0.4%** |  |
| 3630000 | Iron Mountain, Inc. (a) | 5.25% | 03/15/28 | 3623668 |
| 8445000 | VICI Properties, L.P. | 5.13% | 05/15/32 | 8478028 |

---

See Notes to Financial Statements

------

**First Trust Smith Opportunistic Fixed Income ETF (FIXD)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Real Estate Investment Trusts (Continued)** | **Real Estate Investment Trusts (Continued)** | **Real Estate Investment Trusts (Continued)** |  |
| $1000000 | VICI Properties, L.P. / VICI Note Co., Inc. (a) | 3.88% | 02/15/29 | $976689 |
| 1570000 | VICI Properties, L.P. / VICI Note Co., Inc. (a) | 4.13% | 08/15/30 | 1517131 |
|  |  |  |  | 14595516 |
|  | **Retail — 0.5%** | **Retail — 0.5%** | **Retail — 0.5%** |  |
| 8460000 | Raising Cane's Restaurants LLC (a) | 9.38% | 05/01/29 | 8928362 |
| 9010000 | Starbucks Corp. | 5.40% | 05/15/35 | 9225036 |
|  |  |  |  | 18153398 |
|  | **Semiconductors — 1.2%** | **Semiconductors — 1.2%** | **Semiconductors — 1.2%** |  |
| 6033000 | Broadcom, Inc. | 5.20% | 07/15/35 | 6090300 |
| 865000 | Foundry JV Holdco LLC (a) | 5.50% | 01/25/31 | 898842 |
| 12440000 | Foundry JV Holdco LLC (a) | 6.10% | 01/25/36 | 13030276 |
| 12305000 | Foundry JV Holdco LLC (a) | 6.30% | 01/25/39 | 13024871 |
| 7950000 | Intel Corp. | 3.25% | 11/15/49 | 4968189 |
| 2165000 | Intel Corp. | 5.60% | 02/21/54 | 1970450 |
|  |  |  |  | 39982928 |
|  | **Software — 1.3%** | **Software — 1.3%** | **Software — 1.3%** |  |
| 8935000 | Fair Isaac Corp. (a) | 6.00% | 05/15/33 | 9077227 |
| 2932000 | Fidelity National Information Services, Inc. | 3.10% | 03/01/41 | 2146663 |
| 4714000 | Roper Technologies, Inc. | 5.10% | 09/15/35 | 4704369 |
| 8960000 | Synopsys, Inc. | 4.85% | 04/01/30 | 9141907 |
| 5430000 | Synopsys, Inc. | 5.15% | 04/01/35 | 5479414 |
| 5465000 | VMware LLC | 4.70% | 05/15/30 | 5536677 |
| 6400000 | VMware LLC | 2.20% | 08/15/31 | 5616862 |
|  |  |  |  | 41703119 |
|  | **Telecommunications — 0.9%** | **Telecommunications — 0.9%** | **Telecommunications — 0.9%** |  |
| 16750000 | Motorola Solutions, Inc. | 5.55% | 08/15/35 | 17281453 |
| 915000 | T-Mobile USA, Inc. | 3.75% | 04/15/27 | 909502 |
| 5905000 | T-Mobile USA, Inc. | 5.13% | 05/15/32 | 6052202 |
| 1315000 | T-Mobile USA, Inc. | 5.05% | 07/15/33 | 1328906 |
| 3625000 | T-Mobile USA, Inc. | 4.70% | 01/15/35 | 3515319 |
|  |  |  |  | 29087382 |
|  | **Water — 0.3%** | **Water — 0.3%** | **Water — 0.3%** |  |
| 10820000 | American Water Capital Corp. | 5.25% | 03/01/35 | 11014179 |
|  | **Total Corporate Bonds and Notes** | **Total Corporate Bonds and Notes** | **Total Corporate Bonds and Notes** | 1243192095 |
|  | (Cost $1,222,117,631) | (Cost $1,222,117,631) | (Cost $1,222,117,631) |  |
| **U.S. GOVERNMENT BONDS AND NOTES — 29.8%** | **U.S. GOVERNMENT BONDS AND NOTES — 29.8%** | **U.S. GOVERNMENT BONDS AND NOTES — 29.8%** | **U.S. GOVERNMENT BONDS AND NOTES — 29.8%** | **U.S. GOVERNMENT BONDS AND NOTES — 29.8%** |
| 172743000 | U.S. Treasury Bond  | 4.75% | 02/15/45 | 170232828 |
| 71052000 | U.S. Treasury Bond  | 4.63% | 02/15/55 | 67743641 |
| 50679000 | U.S. Treasury Bond  | 4.75% | 05/15/55 | 49317002 |
| 36551857 | U.S. Treasury Inflation Indexed Bond (f) | 1.63% | 10/15/29 | 37507261 |
| 91437445 | U.S. Treasury Inflation Indexed Bond (f) | 2.13% | 01/15/35 | 94016955 |
| 103298000 | U.S. Treasury Note  | 4.13% | 10/31/29 | 105184399 |
| 105350000 | U.S. Treasury Note  | 4.13% | 11/30/29 | 107296506 |
| 80411000 | U.S. Treasury Note  | 4.00% | 05/31/30 | 81538639 |
| 34795000 | U.S. Treasury Note  | 3.88% | 06/30/30 | 35084505 |
| 4345000 | U.S. Treasury Note  | 3.88% | 07/31/30 | 4380643 |
| 124267000 | U.S. Treasury Note  | 4.00% | 04/30/32 | 125009689 |
| 16999000 | U.S. Treasury Note  | 4.00% | 06/30/32 | 17089307 |

---

See Notes to Financial Statements

------

**First Trust Smith Opportunistic Fixed Income ETF (FIXD)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **U.S. GOVERNMENT BONDS AND NOTES (Continued)** | **U.S. GOVERNMENT BONDS AND NOTES (Continued)** | **U.S. GOVERNMENT BONDS AND NOTES (Continued)** | **U.S. GOVERNMENT BONDS AND NOTES (Continued)** | **U.S. GOVERNMENT BONDS AND NOTES (Continued)** |
| $84378000 | U.S. Treasury Note  | 4.25% | 05/15/35 | $84661458 |
| 14862000 | U.S. Treasury Note  | 4.25% | 08/15/35 | 14893350 |
|  | **Total U.S. Government Bonds and Notes** | **Total U.S. Government Bonds and Notes** | **Total U.S. Government Bonds and Notes** | 993956183 |
|  | (Cost $984,183,784) | (Cost $984,183,784) | (Cost $984,183,784) |  |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 23.5%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 23.5%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 23.5%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 23.5%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 23.5%** |
|  | **Collateralized Mortgage Obligations — 1.0%** | **Collateralized Mortgage Obligations — 1.0%** | **Collateralized Mortgage Obligations — 1.0%** |  |
|  | Federal Home Loan Mortgage Corporation |  |  |  |
| 301325 | Series 4656, Class EZ | 4.00% | 02/15/47 | 288870 |
| 13790798 | Series 5473, Class BF, 30 Day Average SOFR + 1.30% (c) | 5.65% | 11/25/54 | 13859376 |
|  | Federal National Mortgage Association |  |  |  |
| 1261893 | Series 2012-20, Class ZT | 3.50% | 03/25/42 | 1203298 |
| 1416521 | Series 2012-84, Class VZ | 3.50% | 08/25/42 | 1359163 |
| 141635 | Series 2018-38, Class PA | 3.50% | 06/25/47 | 139460 |
| 501810 | Series 2018-43, Class CT | 3.00% | 06/25/48 | 449265 |
|  | Government National Mortgage Association |  |  |  |
| 136793 | Series 2018-115, Class DE | 3.50% | 08/20/48 | 126881 |
| 148017 | Series 2018-124, Class NW | 3.50% | 09/20/48 | 136781 |
| 12735858 | Series 2018-78, Class NZ | 3.50% | 06/20/48 | 11714529 |
| 3042000 | Series 2019-1, Class KD | 3.50% | 01/20/49 | 2745780 |
| 268136 | Series 2019-119, Class JE | 3.00% | 09/20/49 | 240382 |
| 261286 | Series 2019-12, Class QA | 3.50% | 09/20/48 | 252096 |
| 820342 | Series 2024-30, Class CF, 30 Day Average SOFR + 1.25% (c) | 5.60% | 02/20/54 | 824340 |
|  |  |  |  | 33340221 |
|  | **Pass-Through Securities — 22.5%** | **Pass-Through Securities — 22.5%** | **Pass-Through Securities — 22.5%** |  |
|  | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation |
| 1161485 | Pool G08715  | 3.00% | 08/01/46 | 1039862 |
| 265030 | Pool G08726  | 3.00% | 10/01/46 | 237113 |
| 639219 | Pool G08732  | 3.00% | 11/01/46 | 571805 |
| 382371 | Pool G08750  | 3.00% | 03/01/47 | 341894 |
| 233433 | Pool G08788  | 3.50% | 11/01/47 | 215526 |
| 767803 | Pool G08792  | 3.50% | 12/01/47 | 708385 |
| 997223 | Pool G60038  | 3.50% | 01/01/44 | 938198 |
| 262940 | Pool G60080  | 3.50% | 06/01/45 | 245798 |
| 531763 | Pool G60344  | 4.00% | 12/01/45 | 510171 |
| 528666 | Pool G60582  | 3.50% | 05/01/46 | 492019 |
| 498862 | Pool G60658  | 3.50% | 07/01/46 | 463509 |
| 221391 | Pool G61556  | 3.50% | 08/01/48 | 204900 |
| 1547098 | Pool G61748  | 3.50% | 11/01/48 | 1432820 |
| 520348 | Pool G67700  | 3.50% | 08/01/46 | 483454 |
| 4319595 | Pool G67706  | 3.50% | 12/01/47 | 4005703 |
| 1057541 | Pool G67707  | 3.50% | 01/01/48 | 978728 |
| 1212452 | Pool G67714  | 4.00% | 07/01/48 | 1157531 |
| 1662592 | Pool G67717  | 4.00% | 11/01/48 | 1587279 |
| 2573366 | Pool G67718  | 4.00% | 01/01/49 | 2453017 |
| 6782131 | Pool QA7837  | 3.50% | 03/01/50 | 6253381 |
| 18558246 | Pool QE0521  | 2.50% | 04/01/52 | 15431271 |
| 644145 | Pool QK1634  | 6.50% | 05/01/43 | 668433 |
| 11549932 | Pool RA3078  | 3.00% | 07/01/50 | 10200062 |
| 324676 | Pool RE6029  | 3.00% | 02/01/50 | 277638 |
| 10527197 | Pool SD0231  | 3.00% | 01/01/50 | 9334440 |

---

See Notes to Financial Statements

------

**First Trust Smith Opportunistic Fixed Income ETF (FIXD)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** |
|  | **Pass-Through Securities (Continued)** | **Pass-Through Securities (Continued)** | **Pass-Through Securities (Continued)** |  |
|  | Federal Home Loan Mortgage Corporation (Continued) | Federal Home Loan Mortgage Corporation (Continued) | Federal Home Loan Mortgage Corporation (Continued) | Federal Home Loan Mortgage Corporation (Continued) |
| $24820155 | Pool SD3246  | 4.00% | 08/01/52 | $23219729 |
| 44480273 | Pool SD5323  | 4.00% | 01/01/54 | 41605157 |
| 2821969 | Pool SD7511  | 3.50% | 01/01/50 | 2597063 |
| 8752836 | Pool SD7513  | 3.50% | 04/01/50 | 8078452 |
| 5261330 | Pool SD7518  | 3.00% | 06/01/50 | 4643315 |
| 1785447 | Pool SD8107  | 2.50% | 11/01/50 | 1497404 |
| 27515227 | Pool SD8211  | 2.00% | 05/01/52 | 21978001 |
| 19960205 | Pool SD8245  | 4.50% | 09/01/52 | 19322818 |
| 12534335 | Pool SD8257  | 4.50% | 10/01/52 | 12102000 |
| 12732288 | Pool SD8266  | 4.50% | 11/01/52 | 12327684 |
| 126951368 | Pool SD8491  | 5.00% | 12/01/54 | 125305107 |
| 9254984 | Pool SL2146  | 5.50% | 08/01/55 | 9406968 |
| 193747 | Pool U90772  | 3.50% | 01/01/43 | 182179 |
| 235533 | Pool U99114  | 3.50% | 02/01/44 | 221465 |
| 481553 | Pool ZA4692  | 3.50% | 06/01/46 | 447410 |
| 236101 | Pool ZM0063  | 4.00% | 08/01/45 | 225422 |
| 11502906 | Pool ZM1779  | 3.00% | 09/01/46 | 10281236 |
| 2471094 | Pool ZS4667  | 3.00% | 06/01/46 | 2211334 |
| 4107793 | Pool ZS4688  | 3.00% | 11/01/46 | 3669923 |
| 6507023 | Pool ZS4735  | 3.50% | 09/01/47 | 6008946 |
| 475598 | Pool ZS9844  | 3.50% | 07/01/46 | 441091 |
| 1216943 | Pool ZT0277  | 3.50% | 10/01/46 | 1130657 |
| 575410 | Pool ZT0531  | 3.50% | 04/01/47 | 533401 |
| 564779 | Pool ZT0536  | 3.50% | 03/01/48 | 521932 |
| 1760260 | Pool ZT0537  | 3.50% | 03/01/48 | 1628183 |
| 300270 | Pool ZT0542  | 4.00% | 07/01/48 | 286310 |
| 850460 | Pool ZT1703  | 4.00% | 01/01/49 | 809670 |
|  | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| 1963355 | Pool AL8825  | 3.50% | 06/01/46 | 1824961 |
| 828625 | Pool AS0225  | 4.00% | 08/01/43 | 801297 |
| 995167 | Pool AS3134  | 3.50% | 08/01/44 | 930157 |
| 234591 | Pool AS6620  | 3.50% | 02/01/46 | 218152 |
| 4461231 | Pool BE3774  | 4.00% | 07/01/47 | 4260002 |
| 606462 | Pool BJ2692  | 3.50% | 04/01/48 | 557199 |
| 735149 | Pool BM1903  | 3.50% | 08/01/47 | 680870 |
| 201827 | Pool BM2000  | 3.50% | 05/01/47 | 186723 |
| 513401 | Pool BM3260  | 3.50% | 01/01/48 | 473414 |
| 596429 | Pool BM4472  | 3.50% | 07/01/48 | 551678 |
| 1389930 | Pool BM5585  | 3.00% | 11/01/48 | 1240946 |
| 10181612 | Pool BN7755  | 3.00% | 09/01/49 | 9037153 |
| 24744855 | Pool BQ6913  | 2.00% | 12/01/51 | 19720190 |
| 7931720 | Pool BV8515  | 3.00% | 05/01/52 | 6879083 |
| 765422 | Pool BW4936  | 6.50% | 05/01/43 | 794912 |
| 19778903 | Pool BW8980  | 4.00% | 10/01/52 | 18498335 |
| 17911079 | Pool BW9886  | 4.50% | 10/01/52 | 17275434 |
| 765581 | Pool CA0854  | 3.50% | 12/01/47 | 705441 |
| 358977 | Pool CA0907  | 3.50% | 12/01/47 | 331019 |
| 303202 | Pool CA0996  | 3.50% | 01/01/48 | 279384 |
| 2169835 | Pool CA1182  | 3.50% | 02/01/48 | 2005207 |

---

See Notes to Financial Statements

------

**First Trust Smith Opportunistic Fixed Income ETF (FIXD)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** |
|  | **Pass-Through Securities (Continued)** | **Pass-Through Securities (Continued)** | **Pass-Through Securities (Continued)** |  |
|  | Federal National Mortgage Association (Continued) | Federal National Mortgage Association (Continued) | Federal National Mortgage Association (Continued) | Federal National Mortgage Association (Continued) |
| $365235 | Pool CA1187  | 3.50% | 02/01/48 | $336895 |
| 243961 | Pool CA1710  | 4.50% | 05/01/48 | 238528 |
| 369483 | Pool CA2327  | 4.00% | 09/01/48 | 353740 |
| 2251170 | Pool CA3633  | 3.50% | 06/01/49 | 2082329 |
| 9903402 | Pool CA4534  | 3.00% | 11/01/49 | 8798066 |
| 26079754 | Pool CB0290  | 2.00% | 04/01/51 | 20897278 |
| 10089433 | Pool CB4818  | 4.00% | 10/01/52 | 9437810 |
| 12739452 | Pool CB6854  | 4.50% | 08/01/53 | 12298858 |
| 7987319 | Pool DE3460  | 5.50% | 07/01/55 | 7982611 |
| 2361837 | Pool DE7041  | 6.50% | 08/01/55 | 2456551 |
| 3276178 | Pool FM2870  | 3.00% | 03/01/50 | 2903182 |
| 5646204 | Pool FM5397  | 3.00% | 12/01/50 | 4992753 |
| 165889 | Pool MA1146  | 4.00% | 08/01/42 | 160298 |
| 317277 | Pool MA1373  | 3.50% | 03/01/43 | 297962 |
| 281886 | Pool MA2077  | 3.50% | 11/01/34 | 275108 |
| 367001 | Pool MA2670  | 3.00% | 07/01/46 | 328422 |
| 359797 | Pool MA2806  | 3.00% | 11/01/46 | 321493 |
| 317795 | Pool MA3057  | 3.50% | 07/01/47 | 293815 |
| 336414 | Pool MA3210  | 3.50% | 12/01/47 | 309987 |
| 3818513 | Pool MA3238  | 3.50% | 01/01/48 | 3513430 |
| 318800 | Pool MA3239  | 4.00% | 01/01/48 | 303566 |
| 458110 | Pool MA3332  | 3.50% | 04/01/48 | 420590 |
| 483197 | Pool MA3846  | 3.00% | 11/01/49 | 413205 |
| 418181 | Pool MA4078  | 2.50% | 07/01/50 | 351261 |
| 685261 | Pool MA4093  | 2.00% | 08/01/40 | 596343 |
| 5131042 | Pool MA4128  | 2.00% | 09/01/40 | 4503429 |
| 4453783 | Pool MA4158  | 2.00% | 10/01/50 | 3575210 |
| 11112976 | Pool MA4364  | 2.00% | 06/01/41 | 9500552 |
| 1098040 | Pool MA4379  | 2.50% | 07/01/51 | 917695 |
| 7026472 | Pool MA4656  | 4.50% | 07/01/52 | 6785569 |
| 23823107 | Pool MA4733  | 4.50% | 09/01/52 | 23003860 |
| 11392215 | Pool MA4902  | 3.50% | 01/01/53 | 10311472 |
| 22507222 | Pool MA4917  | 4.50% | 02/01/53 | 21757635 |
| 30995545 | Pool MA4978  | 5.00% | 04/01/53 | 30715484 |
| 32237635 | Pool MA5107  | 5.50% | 08/01/53 | 32514854 |
|  | Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| 8029216 | Pool 787961  | 7.00% | 12/20/54 | 8208224 |
| 408357 | Pool MA2825  | 3.00% | 05/20/45 | 367655 |
| 5873907 | Pool MA3662  | 3.00% | 05/20/46 | 5283208 |
| 528474 | Pool MA3663  | 3.50% | 05/20/46 | 492538 |
| 358481 | Pool MA3735  | 3.00% | 06/20/46 | 322393 |
| 7300886 | Pool MA3937  | 3.50% | 09/20/46 | 6793871 |
| 354248 | Pool MA4261  | 3.00% | 02/20/47 | 318160 |
| 2237306 | Pool MA4322  | 4.00% | 03/20/47 | 2122960 |
| 2391312 | Pool MA4382  | 3.50% | 04/20/47 | 2220031 |
| 190542 | Pool MA4588  | 4.50% | 07/20/47 | 188372 |
| 526581 | Pool MA4651  | 3.00% | 08/20/47 | 472483 |
| 763549 | Pool MA4652  | 3.50% | 08/20/47 | 707833 |
| 262208 | Pool MA4719  | 3.50% | 09/20/47 | 242170 |

---

See Notes to Financial Statements

------

**First Trust Smith Opportunistic Fixed Income ETF (FIXD)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** |
|  | **Pass-Through Securities (Continued)** | **Pass-Through Securities (Continued)** | **Pass-Through Securities (Continued)** |  |
|  | Government National Mortgage Association (Continued) | Government National Mortgage Association (Continued) | Government National Mortgage Association (Continued) | Government National Mortgage Association (Continued) |
| $654674 | Pool MA4778  | 3.50% | 10/20/47 | $606698 |
| 629691 | Pool MA4836  | 3.00% | 11/20/47 | 564561 |
| 650903 | Pool MA4837  | 3.50% | 11/20/47 | 603103 |
| 215337 | Pool MA4838  | 4.00% | 11/20/47 | 204263 |
| 225611 | Pool MA4962  | 3.50% | 01/20/48 | 208975 |
| 325596 | Pool MA4963  | 4.00% | 01/20/48 | 308334 |
| 453129 | Pool MA5136  | 3.50% | 04/20/48 | 419179 |
| 336474 | Pool MA5399  | 4.50% | 08/20/48 | 330358 |
| 23583432 | Pool MA8347  | 4.50% | 10/20/52 | 22921307 |
| 17962623 | Pool MA9963  | 4.50% | 10/20/54 | 17313920 |
|  |  |  |  | 753337788 |
|  | **Total U.S. Government Agency Mortgage-Backed Securities** | **Total U.S. Government Agency Mortgage-Backed Securities** | **Total U.S. Government Agency Mortgage-Backed Securities** | 786678009 |
|  | (Cost $814,458,042) | (Cost $814,458,042) | (Cost $814,458,042) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Par** <br>**Amount**<br>| **Description** | **Stated** <br>**Rate**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **CAPITAL PREFERRED SECURITIES — 3.9%** | **CAPITAL PREFERRED SECURITIES — 3.9%** | **CAPITAL PREFERRED SECURITIES — 3.9%** | **CAPITAL PREFERRED SECURITIES — 3.9%** | **CAPITAL PREFERRED SECURITIES — 3.9%** |
|  | **Banks — 1.2%**  | **Banks — 1.2%**  | **Banks — 1.2%**  |  |
| 8935000 | Bank of America Corp. (b) | 6.63% | (g) | 9220991 |
| 2684000 | Canadian Imperial Bank of Commerce (b) | 7.00% | 10/28/85 | 2743435 |
| 6331500 | Citigroup, Inc., Series X (b) | 3.88% | (g) | 6265538 |
| 2478000 | CoBank ACB, Series M (b) | 7.13% | (g) | 2545289 |
| 9291000 | Farm Credit Bank of Texas, Series 4 (a) (b) | 5.70% | (g) | 9297736 |
| 2089000 | Farm Credit Bank of Texas, Series 6 (b) | 7.00% | (g) | 2146057 |
| 6184000 | Truist Financial Corp., Series N (b) | 6.67% | (g) | 6198836 |
|  |  |  |  | 38417882 |
|  | **Capital Markets — 1.5%**  | **Capital Markets — 1.5%**  | **Capital Markets — 1.5%**  |  |
| 9015000 | Bank of New York Mellon (The) Corp., Series G (b) | 4.70% | (g) | 9018689 |
| 12508000 | Charles Schwab (The) Corp., Series I (b) | 4.00% | (g) | 12335187 |
| 6915000 | Goldman Sachs Group (The), Inc., Series X (b) | 7.50% | (g) | 7276205 |
| 3755000 | Goldman Sachs Group (The), Inc., Series Y (b) | 6.13% | (g) | 3770733 |
| 5560000 | UBS Group AG (a) (b) (h) | 7.13% | (g) | 5674186 |
| 11719000 | UBS Group AG (a) (b) (h) | 6.60% | (g) | 11747523 |
|  |  |  |  | 49822523 |
|  | **Consumer Finance — 0.3%**  | **Consumer Finance — 0.3%**  | **Consumer Finance — 0.3%**  |  |
| 4145000 | Ally Financial, Inc., Series C (b) | 4.70% | (g) | 3790351 |
| 7465000 | American Express Co. (b) | 3.55% | (g) | 7293428 |
|  |  |  |  | 11083779 |
|  | **Financial Services — 0.1%**  | **Financial Services — 0.1%**  | **Financial Services — 0.1%**  |  |
| 3554000 | National Rural Utilities Cooperative Finance Corp. (b) | 5.25% | 04/20/46 | 3553389 |
|  | **Health Care Providers & Services — 0.4%**  | **Health Care Providers & Services — 0.4%**  | **Health Care Providers & Services — 0.4%**  |  |
| 12380000 | CVS Health Corp. (b) | 7.00% | 03/10/55 | 12919867 |
|  | **Independent Power and Renewable Electricity Producers — 0.0%**  | **Independent Power and Renewable Electricity Producers — 0.0%**  | **Independent Power and Renewable Electricity Producers — 0.0%**  |  |
| 929000 | Vistra Corp., Series C (a) (b) | 8.88% | (g) | 1012877 |
|  | **Multi-Utilities — 0.2%**  | **Multi-Utilities — 0.2%**  | **Multi-Utilities — 0.2%**  |  |
| 8394000 | Sempra (b) | 4.13% | 04/01/52 | 8156091 |

---

See Notes to Financial Statements

------

**First Trust Smith Opportunistic Fixed Income ETF (FIXD)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | |
|:---|:---|:---|:---|
| **Par**<br> **Amount**<br>| **Description** | **Stated**<br> **Rate**<br>| **Value** |
| **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** |
|  | **Oil, Gas & Consumable Fuels — 0.2%**  | **Oil, Gas & Consumable Fuels — 0.2%**  |  |
| $5435000 | Energy Transfer, L.P., Series G (b) | 7.13%<br> (g) | $5590887 |
|  | **Total Capital Preferred Securities** | **Total Capital Preferred Securities** | 130557295 |
|  | (Cost $129,003,404) | (Cost $129,003,404) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Coupon**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **FOREIGN CORPORATE BONDS AND NOTES — 3.0%** | **FOREIGN CORPORATE BONDS AND NOTES — 3.0%** | **FOREIGN CORPORATE BONDS AND NOTES — 3.0%** | **FOREIGN CORPORATE BONDS AND NOTES — 3.0%** | **FOREIGN CORPORATE BONDS AND NOTES — 3.0%** |
|  | **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** |  |
| 2568000 | AS Mileage Plan IP Ltd. (a) | 5.31% | 10/20/31 | 2573235 |
|  | **Banks — 1.5%** | **Banks — 1.5%** | **Banks — 1.5%** |  |
| 7170000 | AIB Group PLC (a) (b) | 5.32% | 05/15/31 | 7365503 |
| 3635000 | Cooperatieve Rabobank UA | 3.75% | 07/21/26 | 3612364 |
| 3635000 | Danske Bank A/S (a) (b) | 1.62% | 09/11/26 | 3632523 |
| 3550000 | Danske Bank A/S (a) (b) | 5.43% | 03/01/28 | 3610962 |
| 8349000 | Danske Bank A/S (a) (b) | 5.71% | 03/01/30 | 8716682 |
| 1215000 | HSBC Holdings PLC (b) | 4.76% | 06/09/28 | 1224298 |
| 1110000 | HSBC Holdings PLC (b) | 2.01% | 09/22/28 | 1059914 |
| 1440000 | Santander UK Group Holdings PLC (b) | 1.67% | 06/14/27 | 1409657 |
| 995000 | Santander UK Group Holdings PLC (b) | 2.47% | 01/11/28 | 969650 |
| 15631000 | UBS Group AG (a) (b) | 6.54% | 08/12/33 | 17147582 |
|  |  |  |  | 48749135 |
|  | **Cosmetics/Personal Care — 0.3%** | **Cosmetics/Personal Care — 0.3%** | **Cosmetics/Personal Care — 0.3%** |  |
| 9000000 | L'Oreal S.A. (a) | 5.00% | 05/20/35 | 9177170 |
|  | **Diversified Financial Services — 0.0%** | **Diversified Financial Services — 0.0%** | **Diversified Financial Services — 0.0%** |  |
| 1296000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust  | 4.45% | 10/01/25 | 1295754 |
|  | **Food — 0.2%** | **Food — 0.2%** | **Food — 0.2%** |  |
| 6660000 | JBS USA Holding Lux S.A.R.L. / JBS USA Food Co. / JBS Lux <br> Co., S.A.R.L.  | 6.75% | 03/15/34 | 7307778 |
|  | **Leisure Time — 0.6%** | **Leisure Time — 0.6%** | **Leisure Time — 0.6%** |  |
| 5645000 | Carnival Corp. (a) | 4.00% | 08/01/28 | 5547737 |
| 5972000 | Carnival Corp. (a) | 5.75% | 08/01/32 | 6078003 |
| 7075000 | Royal Caribbean Cruises Ltd. (a) | 6.25% | 03/15/32 | 7306388 |
|  |  |  |  | 18932128 |
|  | **Oil & Gas — 0.0%** | **Oil & Gas — 0.0%** | **Oil & Gas — 0.0%** |  |
| 607050 | Transocean Poseidon Ltd. (a) | 6.88% | 02/01/27 | 608833 |
|  | **Savings & Loans — 0.0%** | **Savings & Loans — 0.0%** | **Savings & Loans — 0.0%** |  |
| 1550000 | Nationwide Building Society (a) (b) | 2.97% | 02/16/28 | 1519948 |
|  | **Telecommunications — 0.3%** | **Telecommunications — 0.3%** | **Telecommunications — 0.3%** |  |
| 10473000 | SoftBank Corp. (a) | 5.33% | 07/09/35 | 10458166 |
|  | **Total Foreign Corporate Bonds and Notes** | **Total Foreign Corporate Bonds and Notes** | **Total Foreign Corporate Bonds and Notes** | 100622147 |
|  | (Cost $98,604,210) | (Cost $98,604,210) | (Cost $98,604,210) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Rate (i)** | **Stated** <br>**Maturity (j)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS — 0.9%** | **SENIOR FLOATING-RATE LOAN INTERESTS — 0.9%** | **SENIOR FLOATING-RATE LOAN INTERESTS — 0.9%** | **SENIOR FLOATING-RATE LOAN INTERESTS — 0.9%** | **SENIOR FLOATING-RATE LOAN INTERESTS — 0.9%** |
|  | **Aerospace/Defense — 0.5%** | **Aerospace/Defense — 0.5%** | **Aerospace/Defense — 0.5%** |  |
| 16675149 | TransDigm, Inc., Term Loan, 3 Mo. CME Term SOFR + 2.50%, <br> 0.00% Floor  | 6.80% | 02/28/31 | 16707332 |

---

See Notes to Financial Statements

------

**First Trust Smith Opportunistic Fixed Income ETF (FIXD)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Rate (i)** | **Stated**<br> **Maturity (j)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** |
|  | **Gaming — 0.3%** | **Gaming — 0.3%** | **Gaming — 0.3%** |  |
| $8500000 | Caesars Entertainment, Inc., Term Loan B1, 1 Mo. CME Term <br> SOFR + 2.25%, 0.50% Floor  | 6.57% | 02/06/31 | $8488313 |
|  | **Healthcare — 0.0%** | **Healthcare — 0.0%** | **Healthcare — 0.0%** |  |
| 573917 | ModivCare, Inc., Term Loan, 3 Mo. CME Term SOFR + CSA + <br> 7.50%, 0.00% Floor (d) | 11.78% | 01/12/26 | 280502 |
|  | **Healthcare REITs — 0.0%** | **Healthcare REITs — 0.0%** | **Healthcare REITs — 0.0%** |  |
| 817573 | Healthpeak OP LLC, Delayed Draw Term Loan, 1 Mo. CME Term <br> SOFR + CSA + 0.85%, 0.00% Floor  | 5.26% | 02/22/27 | 811441 |
|  | **Paper — 0.0%** | **Paper — 0.0%** | **Paper — 0.0%** |  |
| 418715 | Mativ Holdings, Inc., Delayed Draw Term Loan, 1 Mo. CME Term <br> SOFR + CSA + 2.50%, 0.00% Floor  | 6.92% | 05/06/27 | 417145 |
|  | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** |  |
| 4702900 | Amneal Pharmaceuticals LLC, Term Loan, 1 Mo. CME Term <br> SOFR + 3.50%, 0.50% Floor  | 7.82% | 08/02/32 | 4738172 |
|  | **Total Senior Floating-Rate Loan Interests** | **Total Senior Floating-Rate Loan Interests** | **Total Senior Floating-Rate Loan Interests** | 31442905 |
|  | (Cost $31,664,808) | (Cost $31,664,808) | (Cost $31,664,808) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Coupon**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **ASSET-BACKED SECURITIES — 0.5%** | **ASSET-BACKED SECURITIES — 0.5%** | **ASSET-BACKED SECURITIES — 0.5%** | **ASSET-BACKED SECURITIES — 0.5%** | **ASSET-BACKED SECURITIES — 0.5%** |
|  | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust |
| 70350 | Series 2022-P3, Class R (a) | (k) | 09/10/29 | 5706904 |
|  | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust |
| 10000 | Series 2021-4A, Class R (a) | (k) | 12/15/33 | 617807 |
|  | Skyline Aircraft Finance LLC | Skyline Aircraft Finance LLC | Skyline Aircraft Finance LLC | Skyline Aircraft Finance LLC |
| 10332401 | Series 2020-1, Class A (l) (m) (n) | 3.23% | 05/10/38 | 9663213 |
|  | **Total Asset-Backed Securities** | **Total Asset-Backed Securities** | **Total Asset-Backed Securities** | 15987924 |
|  | (Cost $12,543,698) | (Cost $12,543,698) | (Cost $12,543,698) |  |
| **MORTGAGE-BACKED SECURITIES — 0.2%** | **MORTGAGE-BACKED SECURITIES — 0.2%** | **MORTGAGE-BACKED SECURITIES — 0.2%** | **MORTGAGE-BACKED SECURITIES — 0.2%** | **MORTGAGE-BACKED SECURITIES — 0.2%** |
|  | **Collateralized Mortgage Obligations — 0.0%** | **Collateralized Mortgage Obligations — 0.0%** | **Collateralized Mortgage Obligations — 0.0%** |  |
|  | CSMCM Trust | CSMCM Trust | CSMCM Trust | CSMCM Trust |
| 520061 | Series 2021-RP11, Class CERT (a) | 3.78% | 10/27/61 | 440528 |
|  |  |  |  | 440528 |
|  | **Commercial Mortgage-Backed Securities — 0.2%** | **Commercial Mortgage-Backed Securities — 0.2%** | **Commercial Mortgage-Backed Securities — 0.2%** |  |
|  | BXHPP Trust | BXHPP Trust | BXHPP Trust | BXHPP Trust |
| 5200000 | Series 2021-FILM, Class E, 1 Mo. CME Term SOFR + CSA + <br> 2.00% (a) (c) | 6.48% | 08/15/36 | 4471756 |
|  |  |  |  | 4471756 |
|  | **Total Mortgage-Backed Securities** | **Total Mortgage-Backed Securities** | **Total Mortgage-Backed Securities** | 4912284 |
|  | (Cost $5,059,749) | (Cost $5,059,749) | (Cost $5,059,749) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Shares** | **Description** | **Stated** <br>**Rate**<br>| **Value** |
| **$25 PAR PREFERRED SECURITIES — 0.1%** | **$25 PAR PREFERRED SECURITIES — 0.1%** | **$25 PAR PREFERRED SECURITIES — 0.1%** | **$25 PAR PREFERRED SECURITIES — 0.1%** |
|  | **Banks — 0.1%**  | **Banks — 0.1%**  |  |
| 80882 | Bank of Hawaii Corp. | 8.00%<br> (g) | 2151461 |

---

See Notes to Financial Statements

------

**First Trust Smith Opportunistic Fixed Income ETF (FIXD)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | |
|:---|:---|:---|:---|
| **Shares** | **Description** | **Stated**<br> **Rate**<br>| **Value** |
| **$25 PAR PREFERRED SECURITIES (Continued)** | **$25 PAR PREFERRED SECURITIES (Continued)** | **$25 PAR PREFERRED SECURITIES (Continued)** | **$25 PAR PREFERRED SECURITIES (Continued)** |
|  | **Financial Services — 0.0%**  | **Financial Services — 0.0%**  |  |
| 68100 | Jackson Financial, Inc. (b) | 8.00%<br> (g) | $1777410 |
|  | **Total $25 Par Preferred Securities** | **Total $25 Par Preferred Securities** | 3928871 |
|  | (Cost $3,854,594) | (Cost $3,854,594) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** |
| 286236 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (o) | 286236 |
|  | (Cost $286,236) |  |
|  | **Total Investments — 99.1%** | 3311563949 |
|  | (Cost $3,301,776,156) |  |
|  | **Net Other Assets and Liabilities — 0.9%** | 30442798 |
|  | **Net Assets — 100.0%** | $3342006747 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) This
 security, sold within the terms of a private placement memorandum, 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. Pursuant to procedures adopted by the Trust's Board of Trustees, this security
 has been determined to be liquid by First Trust Advisors L.P. (the "Advisor"). Although market instability can result in periods
 of increased overall market illiquidity, liquidity for each security is determined based on security specific factors and assumptions,
 which require subjective judgment. At August 31, 2025, securities noted as such amounted to $418,420,939 or 12.5%
 of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Fixed-to-floating
 or fixed-to-variable rate security. The interest rate shown reflects the fixed rate in effect at August 31, 2025. At a
 predetermined date, the fixed rate will change to a floating rate or a variable rate.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Floating
 or variable rate security.

&nbsp;&nbsp;&nbsp;&nbsp;(d) This
 issuer is in default.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This
 security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule
 144A of the 1933 Act, and may be resold in transactions exempt from registration, normally to qualified institutional buyers (see
 Note 2L - Restricted Securities in the Notes to Financial Statements).

&nbsp;&nbsp;&nbsp;&nbsp;(f) Security
 whose principal value is adjusted in accordance with changes to the country's Consumer Price Index. Interest is calculated
 on the basis of the current adjusted principal value.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Perpetual
 maturity.

&nbsp;&nbsp;&nbsp;&nbsp;(h) This
 security is a contingent convertible capital security which may be subject to conversion into common stock of the issuer under
 certain circumstances. At August 31, 2025, securities noted as such amounted to $17,421,709 or 0.5% of net assets. Of these
 securities, 0.0% originated in emerging markets, and 100.0% originated in foreign markets.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Senior
 Floating-Rate Loan Interests ("Senior Loans") in which the Fund invests pay interest at rates which are periodically predetermined
 by reference to a base lending rate plus a premium. These base lending rates are generally (i) the SOFR obtained from
 the U.S. Department of the Treasury's Office of Financial Research or another major financial institution, (ii) the lending rate
 offered by one or more major European banks, (iii) the prime rate offered by one or more United States banks or (iv) the certificate
 of deposit rate. Certain Senior Loans are subject to a SOFR floor that establishes a minimum SOFR rate. When a range of
 rates is disclosed, the Fund holds more than one contract within the same tranche with identical SOFR period, spread and floor,
 but different SOFR reset dates.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Senior
 Loans generally are subject to mandatory and/or optional prepayment. As a result, the actual remaining maturity of Senior Loans
 may be substantially less than the stated maturities shown.

&nbsp;&nbsp;&nbsp;&nbsp;(k) Zero
 coupon security.

&nbsp;&nbsp;&nbsp;&nbsp;(l) Pursuant
 to procedures adopted by the Trust's Board of Trustees, this security has been determined to be illiquid by the Advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(m) 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 August
 31, 2025, securities noted as such are valued at $9,663,213 or 0.3% of net assets.

See Notes to Financial Statements

------

**First Trust Smith Opportunistic Fixed Income ETF (FIXD)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(n) This
 security's value was determined using significant unobservable inputs (see Note 2A - Portfolio Valuation in the Notes to Financial
 Statements).

&nbsp;&nbsp;&nbsp;&nbsp;(o) Rate
 shown reflects yield as of August 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| CME | – Chicago Mercantile Exchange |
| CSA | – Credit Spread Adjustment |
| REITs | – Real Estate Investment Trusts |
| SOFR | – Secured Overnight Financing Rate |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Corporate Bonds and Notes\* | $1243192095 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1243192095 | &nbsp;&nbsp; $— |
| U.S. Government Bonds and Notes | 993956183 | &nbsp;&nbsp; — | &nbsp;&nbsp; 993956183 | &nbsp;&nbsp; — |
| U.S. Government Agency Mortgage-Backed <br> Securities<br>| 786678009 | &nbsp;&nbsp; — | &nbsp;&nbsp; 786678009 | &nbsp;&nbsp; — |
| Capital Preferred Securities\* | 130557295 | &nbsp;&nbsp; — | &nbsp;&nbsp; 130557295 | &nbsp;&nbsp; — |
| Foreign Corporate Bonds and Notes\* | 100622147 | &nbsp;&nbsp; — | &nbsp;&nbsp; 100622147 | &nbsp;&nbsp; — |
| Senior Floating-Rate Loan Interests\* | 31442905 | &nbsp;&nbsp; — | &nbsp;&nbsp; 31442905 | &nbsp;&nbsp; — |
| Asset-Backed Securities | 15987924 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6324711 | &nbsp;&nbsp; 9663213 |
| Mortgage-Backed Securities | 4912284 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4912284 | &nbsp;&nbsp; — |
| $25 Par Preferred Securities\* | 3928871 | &nbsp;&nbsp; 3928871 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Money Market Funds | 286236 | &nbsp;&nbsp; 286236 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $3311563949 | &nbsp;&nbsp; $4215107 | &nbsp;&nbsp; $3297685629 | &nbsp;&nbsp; $9663213 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

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

------

**First Trust Smith Unconstrained Bond ETF (UCON)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Coupon**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES — 39.0%** | **CORPORATE BONDS AND NOTES — 39.0%** | **CORPORATE BONDS AND NOTES — 39.0%** | **CORPORATE BONDS AND NOTES — 39.0%** | **CORPORATE BONDS AND NOTES — 39.0%** |
|  | **Advertising — 0.1%** | **Advertising — 0.1%** | **Advertising — 0.1%** |  |
| $2811000 | Outfront Media Capital LLC / Outfront Media Capital Corp. (a) | 7.38% | 02/15/31 | $2968135 |
|  | **Aerospace/Defense — 4.0%** | **Aerospace/Defense — 4.0%** | **Aerospace/Defense — 4.0%** |  |
| 8015000 | Boeing (The) Co. | 2.20% | 02/04/26 | 7939228 |
| 14375000 | Boeing (The) Co. | 6.53% | 05/01/34 | 15751729 |
| 1620000 | Boeing (The) Co. | 5.81% | 05/01/50 | 1558939 |
| 22573000 | Boeing (The) Co. | 7.01% | 05/01/64 | 25034183 |
| 4780000 | General Dynamics Corp. | 4.95% | 08/15/35 | 4832676 |
| 6595000 | General Electric Co. | 4.30% | 07/29/30 | 6625881 |
| 15000000 | Lockheed Martin Corp. | 4.40% | 08/15/30 | 15126175 |
| 15200000 | Northrop Grumman Corp. | 4.65% | 07/15/30 | 15468169 |
| 7400000 | RTX Corp. | 6.10% | 03/15/34 | 8036667 |
| 7100000 | Spirit AeroSystems, Inc. (a) | 9.75% | 11/15/30 | 7828247 |
| 8080000 | TransDigm, Inc. (a) | 6.75% | 08/15/28 | 8316642 |
| 642000 | TransDigm, Inc. (a) | 6.00% | 01/15/33 | 649667 |
|  |  |  |  | 117168203 |
|  | **Apparel — 0.5%** | **Apparel — 0.5%** | **Apparel — 0.5%** |  |
| 6745000 | Under Armour, Inc. (a) | 7.25% | 07/15/30 | 6751387 |
| 8800000 | VF Corp. | 2.95% | 04/23/30 | 7683725 |
|  |  |  |  | 14435112 |
|  | **Auto Manufacturers — 2.0%** | **Auto Manufacturers — 2.0%** | **Auto Manufacturers — 2.0%** |  |
| 1603000 | Ford Motor Credit Co. LLC | 3.38% | 11/13/25 | 1597819 |
| 5000000 | Ford Motor Credit Co. LLC | 4.39% | 01/08/26 | 4992221 |
| 10000000 | Ford Motor Credit Co. LLC | 6.80% | 05/12/28 | 10388154 |
| 27714000 | Ford Motor Credit Co. LLC | 6.50% | 02/07/35 | 27946251 |
| 7250000 | General Motors Co. | 5.63% | 04/15/30 | 7490874 |
| 7595000 | General Motors Co. | 6.25% | 04/15/35 | 7876654 |
|  |  |  |  | 60291973 |
|  | **Auto Parts & Equipment — 0.9%** | **Auto Parts & Equipment — 0.9%** | **Auto Parts & Equipment — 0.9%** |  |
| 12934000 | Goodyear Tire & Rubber (The) Co. | 6.63% | 07/15/30 | 13168351 |
| 6000000 | Qnity Electronics, Inc. (a) | 5.75% | 08/15/32 | 6106976 |
| 6000000 | Qnity Electronics, Inc. (a) | 6.25% | 08/15/33 | 6209838 |
|  |  |  |  | 25485165 |
|  | **Banks — 6.2%** | **Banks — 6.2%** | **Banks — 6.2%** |  |
| 2870000 | Associated Banc-Corp. (b) | 6.46% | 08/29/30 | 2985304 |
| 815000 | Bank of America Corp. (b) | 1.73% | 07/22/27 | 796577 |
| 3490000 | Bank of America Corp. (b) | 2.55% | 02/04/28 | 3411408 |
| 10215000 | Bank of America Corp. (b) | 2.09% | 06/14/29 | 9652987 |
| 5123000 | Bank of America Corp. (b) | 1.92% | 10/24/31 | 4525661 |
| 3820000 | Bank of America Corp. (b) | 2.69% | 04/22/32 | 3466571 |
| 1170000 | Bank of America Corp. (b) | 5.47% | 01/23/35 | 1209374 |
| 3215000 | Bank of America Corp., Series N (b) | 2.65% | 03/11/32 | 2923072 |
| 2000000 | Citigroup, Inc. (b) | 3.52% | 10/27/28 | 1969974 |
| 3165000 | Citigroup, Inc. (b) | 3.98% | 03/20/30 | 3126055 |
| 525000 | Citigroup, Inc. (b) | 2.98% | 11/05/30 | 496253 |
| 3945000 | Citigroup, Inc. (b) | 5.33% | 03/27/36 | 3988087 |
| 3200000 | First Citizens BancShares, Inc. (b) | 5.23% | 03/12/31 | 3246983 |
| 12385000 | First Citizens BancShares, Inc. (b) | 6.25% | 03/12/40 | 12468388 |
| 18970000 | Goldman Sachs Group (The), Inc. (b) | 1.09% | 12/09/26 | 18798877 |
| 5240000 | Goldman Sachs Group (The), Inc. (b) | 5.02% | 10/23/35 | 5209211 |

---

See Notes to Financial Statements

------

**First Trust Smith Unconstrained Bond ETF (UCON)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Banks (Continued)** | **Banks (Continued)** | **Banks (Continued)** |  |
| $675000 | Goldman Sachs Group (The), Inc. (b) | 5.54% | 01/28/36 | $696312 |
| 750000 | JPMorgan Chase & Co. (b) | 1.04% | 02/04/27 | 739537 |
| 2660000 | JPMorgan Chase & Co. (b) | 1.58% | 04/22/27 | 2614733 |
| 2780000 | JPMorgan Chase & Co. (b) | 1.47% | 09/22/27 | 2700040 |
| 2533000 | JPMorgan Chase & Co. (b) | 4.32% | 04/26/28 | 2536452 |
| 160000 | JPMorgan Chase & Co. (b) | 4.01% | 04/23/29 | 159419 |
| 5000000 | JPMorgan Chase & Co. (b) | 2.07% | 06/01/29 | 4730349 |
| 1790000 | JPMorgan Chase & Co. (b) | 4.20% | 07/23/29 | 1791867 |
| 3155000 | JPMorgan Chase & Co. (b) | 5.77% | 04/22/35 | 3332938 |
| 3080000 | JPMorgan Chase & Co. (b) | 4.95% | 10/22/35 | 3063724 |
| 7350000 | M&T Bank Corp. (b) | 5.40% | 07/30/35 | 7413583 |
| 1415000 | Morgan Stanley (b) | 3.77% | 01/24/29 | 1401027 |
| 5220000 | Morgan Stanley (b) | 5.16% | 04/20/29 | 5337619 |
| 1635000 | Morgan Stanley (b) | 5.45% | 07/20/29 | 1688215 |
| 920000 | Morgan Stanley (b) | 1.79% | 02/13/32 | 798264 |
| 4375000 | Morgan Stanley (b) | 6.63% | 11/01/34 | 4858526 |
| 80000 | Morgan Stanley (b) | 5.83% | 04/19/35 | 84465 |
| 4050000 | Morgan Stanley (b) | 5.59% | 01/18/36 | 4189059 |
| 4500000 | Morgan Stanley (b) | 5.66% | 04/17/36 | 4685853 |
| 1915000 | PNC Financial Services Group (The), Inc. (b) | 6.88% | 10/20/34 | 2150930 |
| 4870000 | Regions Financial Corp. (b) | 5.50% | 09/06/35 | 4945698 |
| 10242000 | Synovus Financial Corp. (b) | 6.17% | 11/01/30 | 10657632 |
| 1000000 | US Bancorp (b) | 4.65% | 02/01/29 | 1011548 |
| 320000 | US Bancorp (b) | 5.85% | 10/21/33 | 338461 |
| 1220000 | US Bancorp (b) | 4.84% | 02/01/34 | 1213065 |
| 440000 | US Bancorp (b) | 5.84% | 06/12/34 | 464193 |
| 175000 | US Bancorp (b) | 5.68% | 01/23/35 | 182448 |
| 8890000 | Wells Fargo & Co. (b) | 5.57% | 07/25/29 | 9217662 |
| 2155000 | Wells Fargo & Co. (b) | 2.57% | 02/11/31 | 1997811 |
| 625000 | Wells Fargo & Co. (b) | 3.35% | 03/02/33 | 576474 |
| 5000000 | Wells Fargo & Co. (b) | 5.39% | 04/24/34 | 5147085 |
| 4390000 | Wells Fargo & Co. (b) | 5.50% | 01/23/35 | 4531945 |
| 1685000 | Wells Fargo & Co. (b) | 5.21% | 12/03/35 | 1699877 |
| 6250000 | Wells Fargo & Co. (b) | 5.61% | 04/23/36 | 6491527 |
| 385000 | Wells Fargo & Co. (b) | 5.01% | 04/04/51 | 348275 |
|  |  |  |  | 182071395 |
|  | **Biotechnology — 0.4%** | **Biotechnology — 0.4%** | **Biotechnology — 0.4%** |  |
| 10950000 | Amgen, Inc. | 5.25% | 03/02/33 | 11244829 |
| 320000 | Amgen, Inc. | 5.65% | 03/02/53 | 309723 |
|  |  |  |  | 11554552 |
|  | **Building Materials — 0.3%** | **Building Materials — 0.3%** | **Building Materials — 0.3%** |  |
| 6380000 | Masterbrand, Inc. (a) | 7.00% | 07/15/32 | 6615824 |
| 1060000 | Quikrete Holdings, Inc. (a) | 6.38% | 03/01/32 | 1093894 |
|  |  |  |  | 7709718 |
|  | **Commercial Services — 1.1%** | **Commercial Services — 1.1%** | **Commercial Services — 1.1%** |  |
| 12430000 | Boost Newco Borrower LLC (a) | 7.50% | 01/15/31 | 13195228 |
| 6000000 | Herc Holdings, Inc. (a) | 7.00% | 06/15/30 | 6248514 |
| 1475000 | Prime Security Services Borrower LLC / Prime Finance, Inc. (a) | 3.38% | 08/31/27 | 1430246 |

---

See Notes to Financial Statements

------

**First Trust Smith Unconstrained Bond ETF (UCON)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Commercial Services (Continued)** | **Commercial Services (Continued)** | **Commercial Services (Continued)** |  |
| $5330000 | Rollins, Inc. | 5.25% | 02/24/35 | $5368591 |
| 7750000 | Shift4 Payments LLC / Shift4 Payments Finance Sub, Inc. (a) | 6.75% | 08/15/32 | 8040548 |
|  |  |  |  | 34283127 |
|  | **Computers — 0.4%** | **Computers — 0.4%** | **Computers — 0.4%** |  |
| 3945000 | Dell International LLC / EMC Corp. | 4.75% | 04/01/28 | 4001460 |
| 1260000 | Dell International LLC / EMC Corp. | 5.00% | 04/01/30 | 1291733 |
| 6275000 | Leidos, Inc. | 5.40% | 03/15/32 | 6486261 |
|  |  |  |  | 11779454 |
|  | **Cosmetics/Personal Care — 0.0%** | **Cosmetics/Personal Care — 0.0%** | **Cosmetics/Personal Care — 0.0%** |  |
| 550000 | Prestige Brands, Inc. (a) | 5.13% | 01/15/28 | 546867 |
|  | **Diversified Financial Services — 1.9%** | **Diversified Financial Services — 1.9%** | **Diversified Financial Services — 1.9%** |  |
| 2300000 | Air Lease Corp. | 2.88% | 01/15/26 | 2284762 |
| 1390000 | Air Lease Corp. | 2.20% | 01/15/27 | 1353328 |
| 1505000 | Capital One Financial Corp. (b) | 1.88% | 11/02/27 | 1462744 |
| 14900000 | Citadel Securities Global Holdings LLC (a) | 5.50% | 06/18/30 | 15252361 |
| 7000000 | Jane Street Group / JSG Finance, Inc. (a) | 4.50% | 11/15/29 | 6765520 |
| 21225000 | Jane Street Group / JSG Finance, Inc. (a) | 7.13% | 04/30/31 | 22189209 |
| 1871000 | Jane Street Group / JSG Finance, Inc. (a) | 6.13% | 11/01/32 | 1880995 |
| 6210000 | Jane Street Group / JSG Finance, Inc. (a) | 6.75% | 05/01/33 | 6421053 |
|  |  |  |  | 57609972 |
|  | **Electric — 1.0%** | **Electric — 1.0%** | **Electric — 1.0%** |  |
| 8005000 | Calpine Corp. (a) | 4.50% | 02/15/28 | 7933244 |
| 4375000 | Duke Energy Progress LLC | 5.05% | 03/15/35 | 4418025 |
| 3840000 | Florida Power & Light Co. | 5.30% | 06/15/34 | 3973066 |
| 7350000 | Talen Energy Supply LLC (a) | 8.63% | 06/01/30 | 7853725 |
| 4484000 | Vistra Operations Co. LLC (a) | 5.50% | 09/01/26 | 4480250 |
|  |  |  |  | 28658310 |
|  | **Entertainment — 1.4%** | **Entertainment — 1.4%** | **Entertainment — 1.4%** |  |
| 7800000 | Caesars Entertainment, Inc. (a) | 4.63% | 10/15/29 | 7443287 |
| 1340000 | Caesars Entertainment, Inc. (a) | 6.50% | 02/15/32 | 1374584 |
| 7400000 | Churchill Downs, Inc. (a) | 5.50% | 04/01/27 | 7400927 |
| 590000 | Live Nation Entertainment, Inc. (a) | 4.75% | 10/15/27 | 585456 |
| 1580000 | Penn Entertainment, Inc. (a) | 4.13% | 07/01/29 | 1473821 |
| 7190000 | Vail Resorts, Inc. (a) | 5.63% | 07/15/30 | 7290336 |
| 316000 | Warnermedia Holdings, Inc. | 3.76% | 03/15/27 | 311473 |
| 4420000 | Warnermedia Holdings, Inc. | 4.05% | 03/15/29 | 4202470 |
| 8640000 | Warnermedia Holdings, Inc. | 4.28% | 03/15/32 | 7461720 |
| 5941000 | Warnermedia Holdings, Inc. | 5.14% | 03/15/52 | 3704570 |
|  |  |  |  | 41248644 |
|  | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** |  |
| 2850000 | Waste Pro USA, Inc. (a) | 7.00% | 02/01/33 | 2987173 |
|  | **Food — 2.5%** | **Food — 2.5%** | **Food — 2.5%** |  |
| 23020000 | Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons, L.P. / <br> Albertsons LLC (a) | 6.50% | 02/15/28 | 23479479 |
| 4335000 | Chobani Holdco II LLC, (8.75% cash, 9.50% PIK) (a) (c) | 8.75% | 10/01/29 | 4689976 |
| 7508000 | Kellanova | 5.75% | 05/16/54 | 7340397 |
| 11340000 | Kroger (The) Co. | 5.00% | 09/15/34 | 11308684 |
| 8250000 | Mars, Inc. (a) | 4.80% | 03/01/30 | 8410136 |

---

See Notes to Financial Statements

------

**First Trust Smith Unconstrained Bond ETF (UCON)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Food (Continued)** | **Food (Continued)** | **Food (Continued)** |  |
| $286000 | Pilgrim's Pride Corp. | 4.25% | 04/15/31 | $275626 |
| 1395000 | Pilgrim's Pride Corp. | 3.50% | 03/01/32 | 1261414 |
| 15150000 | Pilgrim's Pride Corp. | 6.25% | 07/01/33 | 15985401 |
| 1407000 | Post Holdings, Inc. (a) | 5.50% | 12/15/29 | 1403630 |
| 387000 | Smithfield Foods, Inc. (a) | 5.20% | 04/01/29 | 392623 |
|  |  |  |  | 74547366 |
|  | **Gas — 0.3%** | **Gas — 0.3%** | **Gas — 0.3%** |  |
| 7000000 | AmeriGas Partners, L.P. / AmeriGas Finance Corp. (a) | 9.38% | 06/01/28 | 7229719 |
| 2805000 | Brooklyn Union Gas (The) Co. (a) | 3.41% | 03/10/26 | 2784726 |
|  |  |  |  | 10014445 |
|  | **Healthcare-Products — 0.8%** | **Healthcare-Products — 0.8%** | **Healthcare-Products — 0.8%** |  |
| 1600000 | Alcon Finance Corp. (a) | 3.00% | 09/23/29 | 1526437 |
| 7740000 | Solventum Corp. | 5.45% | 03/13/31 | 8104459 |
| 7855000 | Solventum Corp. | 5.60% | 03/23/34 | 8161275 |
| 6750000 | Stryker Corp. | 4.70% | 02/10/28 | 6852244 |
|  |  |  |  | 24644415 |
|  | **Healthcare-Services — 0.7%** | **Healthcare-Services — 0.7%** | **Healthcare-Services — 0.7%** |  |
| 330000 | Cigna Group (The) | 4.38% | 10/15/28 | 331842 |
| 365000 | HCA, Inc. | 7.58% | 09/15/25 | 365305 |
| 360000 | HCA, Inc. | 7.05% | 12/01/27 | 380092 |
| 2870000 | HCA, Inc. | 3.50% | 09/01/30 | 2736052 |
| 2057000 | HCA, Inc. | 2.38% | 07/15/31 | 1814016 |
| 14630000 | HCA, Inc. | 5.75% | 03/01/35 | 15056585 |
| 4868850 | ModivCare, Inc. (d) (e) | 5.00% | 10/01/29 | 176496 |
|  |  |  |  | 20860388 |
|  | **Household Products/Wares — 0.0%** | **Household Products/Wares — 0.0%** | **Household Products/Wares — 0.0%** |  |
| 364000 | Spectrum Brands, Inc. (a) | 3.88% | 03/15/31 | 293020 |
|  | **Housewares — 0.2%** | **Housewares — 0.2%** | **Housewares — 0.2%** |  |
| 5000000 | Newell Brands, Inc. (a) | 8.50% | 06/01/28 | 5291125 |
|  | **Insurance — 0.6%** | **Insurance — 0.6%** | **Insurance — 0.6%** |  |
| 14750000 | Brown & Brown, Inc. | 4.90% | 06/23/30 | 14941974 |
| 750000 | MassMutual Global Funding II (a) | 3.40% | 03/08/26 | 746804 |
| 965000 | Metropolitan Life Global Funding I (a) | 5.15% | 03/28/33 | 992722 |
|  |  |  |  | 16681500 |
|  | **Internet — 0.5%** | **Internet — 0.5%** | **Internet — 0.5%** |  |
| 7400000 | Match Group Holdings II LLC (a) | 5.00% | 12/15/27 | 7365489 |
| 7430000 | Match Group Holdings II LLC (a) | 6.13% | 09/15/33 | 7516686 |
|  |  |  |  | 14882175 |
|  | **Lodging — 0.2%** | **Lodging — 0.2%** | **Lodging — 0.2%** |  |
| 4475000 | Hyatt Hotels Corp. | 5.05% | 03/30/28 | 4553220 |
| 1044000 | Station Casinos LLC (a) | 4.50% | 02/15/28 | 1029682 |
|  |  |  |  | 5582902 |
|  | **Machinery-Diversified — 0.3%** | **Machinery-Diversified — 0.3%** | **Machinery-Diversified — 0.3%** |  |
| 7510000 | Chart Industries, Inc. (a) | 7.50% | 01/01/30 | 7880536 |
|  | **Media — 3.4%** | **Media — 3.4%** | **Media — 3.4%** |  |
| 5000000 | CCO Holdings LLC / CCO Holdings Capital Corp. (a) | 5.50% | 05/01/26 | 5008255 |
| 900000 | Cox Enterprises, Inc. (a) | 7.38% | 07/15/27 | 945203 |
| 8300000 | Directv Financing LLC / Directv Financing Co-Obligor, Inc. (a) | 10.00% | 02/15/31 | 8256375 |

---

See Notes to Financial Statements

------

**First Trust Smith Unconstrained Bond ETF (UCON)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Media (Continued)** | **Media (Continued)** | **Media (Continued)** |  |
| $11471000 | Discovery Communications LLC | 4.13% | 05/15/29 | $10873820 |
| 9700000 | Discovery Communications LLC | 6.35% | 06/01/40 | 7597719 |
| 7900000 | Nexstar Media, Inc. (a) | 5.63% | 07/15/27 | 7896373 |
| 8235000 | Nexstar Media, Inc. (a) | 4.75% | 11/01/28 | 8088782 |
| 11340000 | Paramount Global | 4.20% | 05/19/32 | 10590806 |
| 38210000 | Paramount Global | 4.95% | 05/19/50 | 29854811 |
| 7935000 | Sirius XM Radio LLC (a) | 5.00% | 08/01/27 | 7904145 |
| 2695000 | Sirius XM Radio LLC (a) | 3.88% | 09/01/31 | 2425379 |
|  |  |  |  | 99441668 |
|  | **Mining — 0.1%** | **Mining — 0.1%** | **Mining — 0.1%** |  |
| 2165000 | Century Aluminum Co. (a) | 6.88% | 08/01/32 | 2215509 |
|  | **Oil & Gas — 2.1%** | **Oil & Gas — 2.1%** | **Oil & Gas — 2.1%** |  |
| 7930000 | Ascent Resources Utica Holdings LLC / ARU Finance Corp. (a) | 6.63% | 10/15/32 | 8078783 |
| 478000 | Ascent Resources Utica Holdings LLC / ARU Finance Corp. (a) | 6.63% | 07/15/33 | 485567 |
| 1692000 | HF Sinclair Corp. | 5.00% | 02/01/28 | 1693454 |
| 3625000 | Hilcorp Energy I, L.P. / Hilcorp Finance Co. (a) | 6.25% | 11/01/28 | 3646319 |
| 11313000 | Hilcorp Energy I, L.P. / Hilcorp Finance Co. (a) | 7.25% | 02/15/35 | 11046130 |
| 1100000 | Occidental Petroleum Corp. | 7.88% | 09/15/31 | 1242374 |
| 7060000 | Ovintiv, Inc. | 6.50% | 08/15/34 | 7437671 |
| 7230000 | Permian Resources Operating LLC (a) | 9.88% | 07/15/31 | 7871778 |
| 15535000 | Permian Resources Operating LLC (a) | 7.00% | 01/15/32 | 16116553 |
| 1750000 | Permian Resources Operating LLC (a) | 6.25% | 02/01/33 | 1783730 |
| 800000 | Sunoco, L.P. / Sunoco Finance Corp. | 4.50% | 05/15/29 | 780294 |
| 3000000 | Viper Energy Partners LLC | 4.90% | 08/01/30 | 3025755 |
|  |  |  |  | 63208408 |
|  | **Packaging & Containers — 0.0%** | **Packaging & Containers — 0.0%** | **Packaging & Containers — 0.0%** |  |
| 933000 | Sealed Air Corp. / Sealed Air Corp. U.S. (a) | 7.25% | 02/15/31 | 983431 |
|  | **Pharmaceuticals — 0.5%** | **Pharmaceuticals — 0.5%** | **Pharmaceuticals — 0.5%** |  |
| 14550000 | Amneal Pharmaceuticals LLC (a) | 6.88% | 08/01/32 | 14988904 |
|  | **Pipelines — 2.2%** | **Pipelines — 2.2%** | **Pipelines — 2.2%** |  |
| 7665000 | Blue Racer Midstream LLC / Blue Racer Finance Corp. (a) | 7.00% | 07/15/29 | 8001685 |
| 536000 | Buckeye Partners, L.P. (a) | 4.50% | 03/01/28 | 527913 |
| 7800000 | Buckeye Partners, L.P. (a) | 6.88% | 07/01/29 | 8088818 |
| 1144000 | Energy Transfer, L.P. | 5.00% | 05/15/50 | 950549 |
| 2183000 | Flex Intermediate Holdco LLC (a) | 3.36% | 06/30/31 | 1998585 |
| 2965000 | Genesis Energy, L.P. / Genesis Energy Finance Corp. | 8.25% | 01/15/29 | 3097586 |
| 2834000 | Kinetik Holdings, L.P. (a) | 6.63% | 12/15/28 | 2917439 |
| 8000000 | MPLX, L.P. | 4.80% | 02/15/31 | 8008432 |
| 12314000 | NuStar Logistics, L.P. | 6.38% | 10/01/30 | 12757575 |
| 14960000 | Targa Resources Partners, L.P. / Targa Resources Partners Finance <br> Corp. | 6.88% | 01/15/29 | 15253739 |
| 951000 | Venture Global Calcasieu Pass LLC (a) | 6.25% | 01/15/30 | 990929 |
| 1861000 | Venture Global LNG, Inc. (a) | 9.88% | 02/01/32 | 2027567 |
|  |  |  |  | 64620817 |
|  | **Real Estate — 0.5%** | **Real Estate — 0.5%** | **Real Estate — 0.5%** |  |
| 10820000 | Cushman & Wakefield U.S. Borrower LLC (a) | 6.75% | 05/15/28 | 10933513 |
| 4635000 | Kennedy-Wilson, Inc. | 4.75% | 02/01/30 | 4348464 |
|  |  |  |  | 15281977 |

---

See Notes to Financial Statements

------

**First Trust Smith Unconstrained Bond ETF (UCON)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** | **CORPORATE BONDS AND NOTES (Continued)** |
|  | **Real Estate Investment Trusts — 0.4%** | **Real Estate Investment Trusts — 0.4%** | **Real Estate Investment Trusts — 0.4%** |  |
| $390000 | GLP Capital, L.P. / GLP Financing II, Inc. | 5.38% | 04/15/26 | $391533 |
| 675000 | GLP Capital, L.P. / GLP Financing II, Inc. | 5.75% | 06/01/28 | 693335 |
| 3170000 | Iron Mountain, Inc. (a) | 5.25% | 03/15/28 | 3164470 |
| 4400000 | VICI Properties, L.P. | 5.13% | 05/15/32 | 4417208 |
| 268000 | VICI Properties, L.P. | 5.63% | 05/15/52 | 245133 |
| 2026000 | VICI Properties, L.P. / VICI Note Co., Inc. (a) | 4.13% | 08/15/30 | 1957775 |
|  |  |  |  | 10869454 |
|  | **Retail — 1.8%** | **Retail — 1.8%** | **Retail — 1.8%** |  |
| 7364000 | Advance Auto Parts, Inc. (a) | 7.00% | 08/01/30 | 7561560 |
| 7420000 | Brinker International, Inc. (a) | 8.25% | 07/15/30 | 7894539 |
| 7500000 | Kohl's Corp. (a) | 10.00% | 06/01/30 | 8063227 |
| 8650000 | Macy's Retail Holdings LLC (a) | 6.13% | 03/15/32 | 8452299 |
| 7500000 | Macy's Retail Holdings LLC (a) | 7.38% | 08/01/33 | 7710233 |
| 7385000 | Raising Cane's Restaurants LLC (a) | 9.38% | 05/01/29 | 7793848 |
| 6300000 | Starbucks Corp. | 5.40% | 05/15/35 | 6450358 |
|  |  |  |  | 53926064 |
|  | **Semiconductors — 0.9%** | **Semiconductors — 0.9%** | **Semiconductors — 0.9%** |  |
| 1835000 | Foundry JV Holdco LLC (a) | 5.50% | 01/25/31 | 1906793 |
| 7775000 | Foundry JV Holdco LLC (a) | 6.10% | 01/25/36 | 8143922 |
| 12295000 | Foundry JV Holdco LLC (a) | 6.30% | 01/25/39 | 13014286 |
| 6950000 | Intel Corp. | 3.25% | 11/15/49 | 4343259 |
|  |  |  |  | 27408260 |
|  | **Software — 0.6%** | **Software — 0.6%** | **Software — 0.6%** |  |
| 7810000 | Fair Isaac Corp. (a) | 6.00% | 05/15/33 | 7934320 |
| 1538000 | Fidelity National Information Services, Inc. | 3.10% | 03/01/41 | 1126046 |
| 7830000 | Synopsys, Inc. | 4.85% | 04/01/30 | 7988965 |
|  |  |  |  | 17049331 |
|  | **Telecommunications — 0.1%** | **Telecommunications — 0.1%** | **Telecommunications — 0.1%** |  |
| 74000 | T-Mobile USA, Inc. | 4.75% | 02/01/28 | 74167 |
| 1000000 | T-Mobile USA, Inc. | 2.63% | 02/15/29 | 947427 |
| 2765000 | T-Mobile USA, Inc. | 4.70% | 01/15/35 | 2681340 |
|  |  |  |  | 3702934 |
|  | **Total Corporate Bonds and Notes** | **Total Corporate Bonds and Notes** | **Total Corporate Bonds and Notes** | 1153172429 |
|  | (Cost $1,135,464,878) | (Cost $1,135,464,878) | (Cost $1,135,464,878) |  |
| **U.S. GOVERNMENT BONDS AND NOTES — 30.9%** | **U.S. GOVERNMENT BONDS AND NOTES — 30.9%** | **U.S. GOVERNMENT BONDS AND NOTES — 30.9%** | **U.S. GOVERNMENT BONDS AND NOTES — 30.9%** | **U.S. GOVERNMENT BONDS AND NOTES — 30.9%** |
| 69342000 | U.S. Treasury Bond  | 4.75% | 02/15/45 | 68334374 |
| 7944000 | U.S. Treasury Bond  | 4.63% | 02/15/55 | 7574108 |
| 14172000 | U.S. Treasury Bond  | 4.75% | 05/15/55 | 13791128 |
| 63909374 | U.S. Treasury Inflation Indexed Bond (f) | 1.63% | 10/15/29 | 65579858 |
| 31972957 | U.S. Treasury Inflation Indexed Bond (f) | 2.13% | 01/15/35 | 32874935 |
| 1504000 | U.S. Treasury Note  | 4.63% | 02/28/26 | 1508103 |
| 184961000 | U.S. Treasury Note  | 4.50% | 05/15/27 | 187446413 |
| 49210000 | U.S. Treasury Note  | 3.75% | 06/30/27 | 49296502 |
| 157594000 | U.S. Treasury Note  | 3.75% | 04/15/28 | 158218835 |
| 60812000 | U.S. Treasury Note  | 3.50% | 09/30/29 | 60497251 |
| 87732000 | U.S. Treasury Note  | 4.25% | 01/31/30 | 89812208 |
| 98420000 | U.S. Treasury Note  | 4.00% | 05/31/30 | 99800187 |
| 14681000 | U.S. Treasury Note  | 3.88% | 06/30/30 | 14803150 |
| 8870000 | U.S. Treasury Note  | 3.88% | 07/31/30 | 8942762 |

---

See Notes to Financial Statements

------

**First Trust Smith Unconstrained Bond ETF (UCON)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **U.S. GOVERNMENT BONDS AND NOTES (Continued)** | **U.S. GOVERNMENT BONDS AND NOTES (Continued)** | **U.S. GOVERNMENT BONDS AND NOTES (Continued)** | **U.S. GOVERNMENT BONDS AND NOTES (Continued)** | **U.S. GOVERNMENT BONDS AND NOTES (Continued)** |
| $14667000 | U.S. Treasury Note  | 4.00% | 06/30/32 | $14744918 |
| 36323000 | U.S. Treasury Note  | 4.25% | 05/15/35 | 36445023 |
| 2131000 | U.S. Treasury Note  | 4.25% | 08/15/35 | 2135495 |
|  | **Total U.S. Government Bonds and Notes** | **Total U.S. Government Bonds and Notes** | **Total U.S. Government Bonds and Notes** | 911805250 |
|  | (Cost $902,549,697) | (Cost $902,549,697) | (Cost $902,549,697) |  |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 13.2%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 13.2%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 13.2%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 13.2%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 13.2%** |
|  | **Collateralized Mortgage Obligations — 1.8%** | **Collateralized Mortgage Obligations — 1.8%** | **Collateralized Mortgage Obligations — 1.8%** |  |
|  | Federal Home Loan Mortgage Corporation |  |  |  |
| 31984239 | Series 2024-5468, Class SE, IO, (30 Day Average SOFR) ×-1+ <br> 5.35% (g) | 1.00% | 10/25/54 | 2571466 |
| 9016772 | Series 2024-5472, Class FE, 30 Day Average SOFR + 1.35% (h) | 5.70% | 11/25/54 | 9078324 |
| 38116728 | Series 2024-5496, Class S, IO, (30 Day Average SOFR) ×-1+ <br> 5.90% (g) | 1.55% | 01/25/55 | 3141055 |
|  | Federal National Mortgage Association |  |  |  |
| 554186 | Series 2011-116, Class SA, IO, (30 Day Average SOFR + CSA) <br> ×-1+ 6.00% (g) | 1.54% | 11/25/41 | 50959 |
| 106085 | Series 2012-128, Class UA | 2.50% | 06/25/42 | 94893 |
| 325129 | Series 2013-18, Class MI, IO | 3.00% | 02/25/33 | 12053 |
| 32986357 | Series 2024-82, Class CF, 30 Day Average SOFR + 1.35% (h) | 5.70% | 11/25/54 | 33218608 |
| 4493098 | Series 2024-96, Class FD, 30 Day Average SOFR + 1.45% (h) | 5.80% | 12/25/54 | 4539913 |
|  |  |  |  | 52707271 |
|  | **Commercial Mortgage-Backed Securities — 0.1%** | **Commercial Mortgage-Backed Securities — 0.1%** | **Commercial Mortgage-Backed Securities — 0.1%** |  |
|  | Federal Home Loan Mortgage Corporation Multiclass Certificates |  |  |  |
| 9280648 | Series 2021-P009, Class X, IO (i) | 1.41% | 01/25/31 | 261903 |
|  | Federal Home Loan Mortgage Corporation Multifamily PC REMIC <br> Trust |  |  |  |
| 4095000 | Series 2019-P002, Class X, IO (j) | 1.14% | 07/25/33 | 253388 |
|  | Federal Home Loan Mortgage Corporation Multifamily Structured <br> Pass-Through Certificates |  |  |  |
| 94510 | Series K037, Class X3, IO (i) | 5.55% | 01/25/42 | 26 |
| 1251884 | Series K048, Class X3, IO (i) (k) | 3.83% | 08/25/43 | 225 |
| 4043746 | Series K051, Class X1, IO (i) (k) | 0.66% | 09/25/25 | 166 |
| 46915000 | Series K053, Class X3, IO (i) | 1.71% | 03/25/44 | 268452 |
| 6897149 | Series K056, Class X3, IO (i) | 2.20% | 06/25/44 | 105700 |
| 38206238 | Series K059, Class X3, IO (i) | 1.98% | 11/25/44 | 756881 |
| 1899979 | Series K060, Class X3, IO (i) | 1.96% | 12/25/44 | 38624 |
| 1089899 | Series KC04, Class X1, IO (i) | 1.40% | 12/25/26 | 11088 |
| 6119871 | Series KC05, Class X1, IO (i) | 1.34% | 06/25/27 | 72217 |
| 2598127 | Series KLU1, Class X3, IO (i) | 4.17% | 01/25/31 | 238217 |
| 2855299 | Series KS06, Class X, IO (i) | 1.07% | 08/25/26 | 8045 |
| 4564526 | Series KS07, Class X, IO (i) (k) | 0.71% | 09/25/25 | 162 |
| 47532478 | Series Q017, Class X, IO (j) | 1.18% | 04/25/30 | 485234 |
|  | Federal National Mortgage Association |  |  |  |
| 19530 | Series 2016-M2, Class X3, IO (i) (k) | 2.04% | 04/25/36 | 2 |
| 910692 | Series 2016-M4, Class X2, IO (i) | 2.72% | 01/25/39 | 33845 |
| 72004 | Series 2016-M11, Class X2, IO (i) (k) | 3.04% | 07/25/39 | 18 |
| 6100000 | Series 2019-M29, Class X4, IO | 0.70% | 03/25/29 | 117207 |
|  |  |  |  | 2651400 |

---

See Notes to Financial Statements

------

**First Trust Smith Unconstrained Bond ETF (UCON)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** |
|  | **Pass-Through Securities — 11.3%** | **Pass-Through Securities — 11.3%** | **Pass-Through Securities — 11.3%** |  |
|  | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation |
| $4355574 | Pool RA6427  | 3.00% | 12/01/51 | $3782512 |
| 12420730 | Pool SD3246  | 4.00% | 08/01/52 | 11619830 |
| 4733002 | Pool SD8199  | 2.00% | 03/01/52 | 3771718 |
| 5701086 | Pool SD8204  | 2.00% | 04/01/52 | 4552169 |
| 8288453 | Pool SD8213  | 3.00% | 05/01/52 | 7201476 |
| 15397449 | Pool SD8244  | 4.00% | 09/01/52 | 14403773 |
| 7748631 | Pool SD8245  | 4.50% | 09/01/52 | 7501195 |
| 12182241 | Pool SD8256  | 4.00% | 10/01/52 | 11394791 |
| 7125888 | Pool SD8257  | 4.50% | 10/01/52 | 6880102 |
| 12343910 | Pool SD8265  | 4.00% | 11/01/52 | 11546024 |
| 5685733 | Pool SD8266  | 4.50% | 11/01/52 | 5505053 |
| 5425431 | Pool SD8272  | 3.00% | 12/01/52 | 4709950 |
| 3885256 | Pool SD8275  | 4.50% | 12/01/52 | 3750447 |
| 4169530 | Pool SD8328  | 4.50% | 06/01/53 | 4016051 |
| 97920114 | Pool SD8491  | 5.00% | 12/01/54 | 96650320 |
|  | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| 423528 | Pool AM2974  | 4.10% | 04/01/43 | 398568 |
| 13454815 | Pool BV3023  | 2.00% | 02/01/52 | 10724632 |
| 3815936 | Pool CB2773  | 2.00% | 02/01/52 | 3047234 |
| 13987149 | Pool CB4808  | 4.00% | 10/01/52 | 13086653 |
| 4701832 | Pool CB4818  | 4.00% | 10/01/52 | 4398165 |
| 6907309 | Pool DE3460  | 5.50% | 07/01/55 | 6903237 |
| 9510440 | Pool FS1598  | 2.00% | 04/01/52 | 7588154 |
| 4334353 | Pool FS6925  | 2.50% | 12/01/51 | 3609336 |
| 11142173 | Pool FS7252  | 5.00% | 11/01/53 | 11036188 |
| 2688722 | Pool MA4599  | 3.00% | 05/01/52 | 2336114 |
| 3713988 | Pool MA4626  | 4.00% | 06/01/52 | 3474508 |
| 4472333 | Pool MA4732  | 4.00% | 09/01/52 | 4183710 |
| 3185882 | Pool MA4733  | 4.50% | 09/01/52 | 3076324 |
| 6536817 | Pool MA4783  | 4.00% | 10/01/52 | 6116889 |
| 2779847 | Pool MA4784  | 4.50% | 10/01/52 | 2690849 |
| 17046588 | Pool MA4840  | 4.50% | 12/01/52 | 16491904 |
| 8616549 | Pool MA4917  | 4.50% | 02/01/53 | 8329581 |
| 16478273 | Pool MA4958  | 4.50% | 03/01/53 | 15901378 |
|  | Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| 7074041 | Pool 787961  | 7.00% | 12/20/54 | 7231754 |
| 5729458 | Pool MA8427  | 4.50% | 11/20/52 | 5565093 |
|  |  |  |  | 333475682 |
|  | **Total U.S. Government Agency Mortgage-Backed Securities** | **Total U.S. Government Agency Mortgage-Backed Securities** | **Total U.S. Government Agency Mortgage-Backed Securities** | 388834353 |
|  | (Cost $386,958,290) | (Cost $386,958,290) | (Cost $386,958,290) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Par** <br>**Amount**<br>| **Description** | **Stated** <br>**Rate**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **CAPITAL PREFERRED SECURITIES — 5.9%** | **CAPITAL PREFERRED SECURITIES — 5.9%** | **CAPITAL PREFERRED SECURITIES — 5.9%** | **CAPITAL PREFERRED SECURITIES — 5.9%** | **CAPITAL PREFERRED SECURITIES — 5.9%** |
|  | **Banks — 2.3%**  | **Banks — 2.3%**  | **Banks — 2.3%**  |  |
| 7810000 | Bank of America Corp. (b) | 6.63% | (l) | 8059982 |
| 6250000 | Bank of America Corp., Series DD (b) | 6.30% | (l) | 6290338 |
| 570000 | Bank of America Corp., Series RR (b) | 4.38% | (l) | 558210 |
| 2316000 | Canadian Imperial Bank of Commerce (b) | 7.00% | 10/28/85 | 2367286 |

---

See Notes to Financial Statements

------

**First Trust Smith Unconstrained Bond ETF (UCON)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Par**<br> **Amount**<br>| **Description** | **Stated**<br> **Rate**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** |
|  | **Banks (Continued)**  | **Banks (Continued)**  | **Banks (Continued)**  |  |
| $4790000 | Citigroup, Inc., Series W (b) | 4.00% | (l) | $4757037 |
| 5575500 | Citigroup, Inc., Series X (b) | 3.88% | (l) | 5517414 |
| 2191000 | CoBank ACB, Series M (b) | 7.13% | (l) | 2250496 |
| 14490000 | Farm Credit Bank of Texas, Series 4 (a) (b) | 5.70% | (l) | 14500505 |
| 1805000 | Farm Credit Bank of Texas, Series 6 (b) | 7.00% | (l) | 1854300 |
| 10000000 | Intesa Sanpaolo S.p.A. (a) (b) | 7.70% | (l) | 10015380 |
| 4965000 | PNC Financial Services Group (The), Inc., Series T (b) | 3.40% | (l) | 4807937 |
| 5399000 | Truist Financial Corp., Series N (b) | 6.67% | (l) | 5411953 |
|  |  |  |  | 66390838 |
|  | **Capital Markets — 2.0%**  | **Capital Markets — 2.0%**  | **Capital Markets — 2.0%**  |  |
| 11030000 | Bank of New York Mellon (The) Corp., Series G (b) | 4.70% | (l) | 11034514 |
| 10357000 | Charles Schwab (The) Corp., Series I (b) | 4.00% | (l) | 10213906 |
| 9085000 | Goldman Sachs Group (The), Inc., Series X (b) | 7.50% | (l) | 9559555 |
| 16170000 | UBS Group AG (a) (b) | 7.13% | (l) | 16502083 |
| 10290000 | UBS Group AG (a) (b) | 6.60% | (l) | 10315045 |
|  |  |  |  | 57625103 |
|  | **Consumer Finance — 0.4%**  | **Consumer Finance — 0.4%**  | **Consumer Finance — 0.4%**  |  |
| 3625000 | Ally Financial, Inc., Series C (b) | 4.70% | (l) | 3314843 |
| 8155000 | American Express Co. (b) | 3.55% | (l) | 7967569 |
|  |  |  |  | 11282412 |
|  | **Financial Services — 0.1%**  | **Financial Services — 0.1%**  | **Financial Services — 0.1%**  |  |
| 3134000 | National Rural Utilities Cooperative Finance Corp. (b) | 5.25% | 04/20/46 | 3133461 |
|  | **Health Care Providers & Services — 0.5%**  | **Health Care Providers & Services — 0.5%**  | **Health Care Providers & Services — 0.5%**  |  |
| 15460000 | CVS Health Corp. (b) | 7.00% | 03/10/55 | 16134180 |
|  | **Independent Power and Renewable Electricity Producers — 0.0%**  | **Independent Power and Renewable Electricity Producers — 0.0%**  | **Independent Power and Renewable Electricity Producers — 0.0%**  |  |
| 929000 | Vistra Corp., Series C (a) (b) | 8.88% | (l) | 1012877 |
|  | **Multi-Utilities — 0.2%**  | **Multi-Utilities — 0.2%**  | **Multi-Utilities — 0.2%**  |  |
| 7406000 | Sempra (b) | 4.13% | 04/01/52 | 7196093 |
|  | **Oil, Gas & Consumable Fuels — 0.4%**  | **Oil, Gas & Consumable Fuels — 0.4%**  | **Oil, Gas & Consumable Fuels — 0.4%**  |  |
| 2281000 | Energy Transfer, L.P., Series B (b) | 6.63% | (l) | 2271943 |
| 7920000 | Energy Transfer, L.P., Series G (b) | 7.13% | (l) | 8147162 |
|  |  |  |  | 10419105 |
|  | **Total Capital Preferred Securities** | **Total Capital Preferred Securities** | **Total Capital Preferred Securities** | 173194069 |
|  | (Cost $171,148,923) | (Cost $171,148,923) | (Cost $171,148,923) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Coupon**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **MORTGAGE-BACKED SECURITIES — 3.9%** | **MORTGAGE-BACKED SECURITIES — 3.9%** | **MORTGAGE-BACKED SECURITIES — 3.9%** | **MORTGAGE-BACKED SECURITIES — 3.9%** | **MORTGAGE-BACKED SECURITIES — 3.9%** |
|  | **Collateralized Mortgage Obligations — 0.4%** | **Collateralized Mortgage Obligations — 0.4%** | **Collateralized Mortgage Obligations — 0.4%** |  |
|  | CIM Trust | CIM Trust | CIM Trust | CIM Trust |
| 5966412 | Series 2020-R6, Class A1 (a) | 2.25% | 12/25/60 | 5402103 |
|  | Credit Suisse Mortgage Trust | Credit Suisse Mortgage Trust | Credit Suisse Mortgage Trust | Credit Suisse Mortgage Trust |
| 105488 | Series 2022-RPL1, Class CERT (a) | 4.23% | 04/25/61 | 99281 |
|  | Federal Home Loan Mortgage Corporation STACR REMIC Trust | Federal Home Loan Mortgage Corporation STACR REMIC Trust | Federal Home Loan Mortgage Corporation STACR REMIC Trust | Federal Home Loan Mortgage Corporation STACR REMIC Trust |
| 5325000 | Series 2024-DNA3, Class M2, 30 Day Average SOFR + <br> 1.45% (a) (h) | 5.80% | 10/25/44 | 5339876 |
|  |  |  |  | 10841260 |

---

See Notes to Financial Statements

------

**First Trust Smith Unconstrained Bond ETF (UCON)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** |
|  | **Commercial Mortgage-Backed Securities — 3.5%** | **Commercial Mortgage-Backed Securities — 3.5%** | **Commercial Mortgage-Backed Securities — 3.5%** |  |
|  | 245 Park Avenue Trust | 245 Park Avenue Trust | 245 Park Avenue Trust | 245 Park Avenue Trust |
| $4441000 | Series 2017-245P, Class A (a) | 3.51% | 06/05/37 | $4346603 |
|  | BFLD Mortgage Trust | BFLD Mortgage Trust | BFLD Mortgage Trust | BFLD Mortgage Trust |
| 3791000 | Series 2024-VICT, Class A, 1 Mo. CME Term SOFR + <br> 1.89% (a) (h) | 6.25% | 07/15/41 | 3811126 |
|  | BX Commercial Mortgage Trust | BX Commercial Mortgage Trust | BX Commercial Mortgage Trust | BX Commercial Mortgage Trust |
| 3420000 | Series 2020-VIV3, Class B (a) (i) | 3.66% | 03/09/44 | 3225471 |
| 4050000 | Series 2020-VIV4, Class A (a) | 2.84% | 03/09/44 | 3750172 |
| 3000545 | Series 2021-ACNT, Class C, 1 Mo. CME Term SOFR + CSA + <br> 1.50% (a) (h) | 5.98% | 11/15/38 | 2999208 |
| 2385255 | Series 2021-VOLT, Class E, 1 Mo. CME Term SOFR + CSA + <br> 2.00% (a) (h) | 6.48% | 09/15/36 | 2377036 |
| 2845000 | Series 2022-AHP, Class AS, 1 Mo. CME Term SOFR + <br> 1.49% (a) (h) | 5.85% | 01/17/39 | 2844664 |
|  | BX Trust | BX Trust | BX Trust | BX Trust |
| 2800000 | Series 2019-OC11, Class A (a) | 3.20% | 12/09/41 | 2650230 |
| 2261716 | Series 2021-LBA, Class CV, 1 Mo. CME Term SOFR + CSA + <br> 1.35% (a) (h) | 5.83% | 02/15/36 | 2257126 |
| 4146216 | Series 2021-LBA, Class DV, 1 Mo. CME Term SOFR + CSA + <br> 1.60% (a) (h) | 6.08% | 02/15/36 | 4130746 |
| 1869868 | Series 2021-RISE, Class D, 1 Mo. CME Term SOFR + CSA + <br> 1.75% (a) (h) | 6.23% | 11/15/36 | 1869741 |
| 2250000 | Series 2021-VIEW, Class A, 1 Mo. CME Term SOFR + CSA + <br> 1.28% (a) (h) | 5.76% | 06/15/36 | 2248545 |
| 2185000 | Series 2024-BIO, Class B, 1 Mo. CME Term SOFR + <br> 1.94% (a) (h) | 6.30% | 02/15/41 | 2187696 |
| 4264000 | Series 2024-PAT, Class A, 1 Mo. CME Term SOFR + <br> 2.09% (a) (h) | 6.45% | 03/15/41 | 4278916 |
|  | BXHPP Trust | BXHPP Trust | BXHPP Trust | BXHPP Trust |
| 6225000 | Series 2021-FILM, Class A, 1 Mo. CME Term SOFR + CSA + <br> 0.65% (a) (h) | 5.13% | 08/15/36 | 6022478 |
|  | BXP Trust | BXP Trust | BXP Trust | BXP Trust |
| 3200000 | Series 2017-GM, Class C (a) (i) | 3.54% | 06/13/39 | 3088311 |
|  | COMM Mortgage Trust | COMM Mortgage Trust | COMM Mortgage Trust | COMM Mortgage Trust |
| 2834000 | Series 2016-787S, Class A (a) | 3.55% | 02/10/36 | 2798771 |
|  | DOLP Trust | DOLP Trust | DOLP Trust | DOLP Trust |
| 6000000 | Series 2021-NYC, Class A (a) | 2.96% | 05/10/41 | 5391648 |
|  | Extended Stay America Trust | Extended Stay America Trust | Extended Stay America Trust | Extended Stay America Trust |
| 2910914 | Series 2021-ESH, Class C, 1 Mo. CME Term SOFR + CSA + <br> 1.70% (a) (h) | 6.18% | 07/15/38 | 2913524 |
|  | GS Mortgage Securities Corp Trust | GS Mortgage Securities Corp Trust | GS Mortgage Securities Corp Trust | GS Mortgage Securities Corp Trust |
| 4230000 | Series 2023-FUN, Class B, 1 Mo. CME Term SOFR + <br> 2.79% (a) (h) | 7.15% | 03/15/28 | 4259827 |
|  | HILT Commercial Mortgage Trust | HILT Commercial Mortgage Trust | HILT Commercial Mortgage Trust | HILT Commercial Mortgage Trust |
| 2711000 | Series 2024-ORL, Class B, 1 Mo. CME Term SOFR + <br> 1.94% (a) (h) | 6.30% | 05/15/37 | 2719533 |
|  | MHC Commercial Mortgage Trust | MHC Commercial Mortgage Trust | MHC Commercial Mortgage Trust | MHC Commercial Mortgage Trust |
| 4392000 | Series 2021-MHC, Class B, 1 Mo. CME Term SOFR + CSA + <br> 1.10% (a) (h) | 5.58% | 04/15/38 | 4399431 |
|  | MKT Mortgage Trust | MKT Mortgage Trust | MKT Mortgage Trust | MKT Mortgage Trust |
| 4530000 | Series 2020-525M, Class A (a) | 2.69% | 02/12/40 | 4017526 |

---

See Notes to Financial Statements

------

**First Trust Smith Unconstrained Bond ETF (UCON)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** |
|  | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** |  |
|  | NRTH Mortgage Trust | NRTH Mortgage Trust | NRTH Mortgage Trust | NRTH Mortgage Trust |
| $4218000 | Series 2024-PARK, Class A, 1 Mo. CME Term SOFR + <br> 1.64% (a) (h) | 6.00% | 03/15/39 | $4223726 |
|  | One Bryant Park Trust | One Bryant Park Trust | One Bryant Park Trust | One Bryant Park Trust |
| 2800000 | Series 2019-OBP, Class A (a) | 2.52% | 09/15/54 | 2578836 |
|  | SDR Commercial Mortgage Trust | SDR Commercial Mortgage Trust | SDR Commercial Mortgage Trust | SDR Commercial Mortgage Trust |
| 3715000 | Series 2024-DSNY, Class B, 1 Mo. CME Term SOFR + <br> 1.74% (a) (h) | 6.10% | 05/15/39 | 3715771 |
|  | SFO Commercial Mortgage Trust | SFO Commercial Mortgage Trust | SFO Commercial Mortgage Trust | SFO Commercial Mortgage Trust |
| 3530000 | Series 2021-555, Class A, 1 Mo. CME Term SOFR + CSA + <br> 1.15% (a) (h) | 5.63% | 05/15/38 | 3508632 |
|  | SLG Office Trust | SLG Office Trust | SLG Office Trust | SLG Office Trust |
| 2950000 | Series 2021-OVA, Class C (a) | 2.85% | 07/15/41 | 2612249 |
|  | SREIT Trust | SREIT Trust | SREIT Trust | SREIT Trust |
| 1423000 | Series 2021-MFP2, Class C, 1 Mo. CME Term SOFR + CSA + <br> 1.37% (a) (h) | 5.85% | 11/15/36 | 1423182 |
| 6337000 | Series 2021-MFP2, Class D, 1 Mo. CME Term SOFR + CSA + <br> 1.57% (a) (h) | 6.05% | 11/15/36 | 6338168 |
|  | STWD Mortgage Trust | STWD Mortgage Trust | STWD Mortgage Trust | STWD Mortgage Trust |
| 1550000 | Series 2021-LIH, Class AS, 1 Mo. CME Term SOFR + CSA + <br> 1.26% (a) (h) | 5.74% | 11/15/36 | 1546846 |
|  |  |  |  | 104535739 |
|  | **Total Mortgage-Backed Securities** | **Total Mortgage-Backed Securities** | **Total Mortgage-Backed Securities** | 115376999 |
|  | (Cost $113,713,395) | (Cost $113,713,395) | (Cost $113,713,395) |  |
| **FOREIGN CORPORATE BONDS AND NOTES — 3.5%** | **FOREIGN CORPORATE BONDS AND NOTES — 3.5%** | **FOREIGN CORPORATE BONDS AND NOTES — 3.5%** | **FOREIGN CORPORATE BONDS AND NOTES — 3.5%** | **FOREIGN CORPORATE BONDS AND NOTES — 3.5%** |
|  | **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** |  |
| 2261000 | AS Mileage Plan IP Ltd. (a) | 5.31% | 10/20/31 | 2265609 |
|  | **Auto Manufacturers — 0.3%** | **Auto Manufacturers — 0.3%** | **Auto Manufacturers — 0.3%** |  |
| 7168000 | Nissan Motor Co. Ltd. (a) | 8.13% | 07/17/35 | 7599017 |
|  | **Banks — 0.7%** | **Banks — 0.7%** | **Banks — 0.7%** |  |
| 3135000 | AIB Group PLC (a) (b) | 5.32% | 05/15/31 | 3220481 |
| 7298000 | Danske Bank A/S (a) (b) | 5.71% | 03/01/30 | 7619397 |
| 1481000 | HSBC Holdings PLC (b) | 4.76% | 06/09/28 | 1492334 |
| 1585000 | Santander UK Group Holdings PLC (b) | 1.67% | 06/14/27 | 1551602 |
| 430000 | Santander UK Group Holdings PLC (b) | 2.47% | 01/11/28 | 419045 |
| 6864000 | UBS Group AG (a) (b) | 6.54% | 08/12/33 | 7529972 |
|  |  |  |  | 21832831 |
|  | **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** |  |
| 3170000 | Bacardi Ltd. (a) | 4.70% | 05/15/28 | 3197257 |
|  | **Diversified Financial Services — 0.1%** | **Diversified Financial Services — 0.1%** | **Diversified Financial Services — 0.1%** |  |
| 2000000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 2.45% | 10/29/26 | 1959565 |
| 115000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 3.88% | 01/23/28 | 114210 |
| 315000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 5.75% | 06/06/28 | 326926 |
| 1650000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 3.00% | 10/29/28 | 1587878 |
|  |  |  |  | 3988579 |
|  | **Entertainment — 0.1%** | **Entertainment — 0.1%** | **Entertainment — 0.1%** |  |
| 2000000 | Flutter Treasury DAC (a) | 5.88% | 06/04/31 | 2037670 |

---

See Notes to Financial Statements

------

**First Trust Smith Unconstrained Bond ETF (UCON)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** | **FOREIGN CORPORATE BONDS AND NOTES (Continued)** |
|  | **Environmental Control — 0.4%** | **Environmental Control — 0.4%** | **Environmental Control — 0.4%** |  |
| $11400000 | GFL Environmental, Inc. (a) | 4.00% | 08/01/28 | $11121891 |
| 750000 | GFL Environmental, Inc. (a) | 3.50% | 09/01/28 | 726907 |
|  |  |  |  | 11848798 |
|  | **Food — 0.2%** | **Food — 0.2%** | **Food — 0.2%** |  |
| 1700000 | JBS USA Holding Lux S.A.R.L. / JBS USA Food Co. / JBS Lux <br> Co., S.A.R.L. | 3.75% | 12/01/31 | 1601350 |
| 3628000 | JBS USA Holding Lux S.A.R.L. / JBS USA Food Co. / JBS Lux <br> Co., S.A.R.L. | 6.75% | 03/15/34 | 3980874 |
|  |  |  |  | 5582224 |
|  | **Leisure Time — 1.1%** | **Leisure Time — 1.1%** | **Leisure Time — 1.1%** |  |
| 11515000 | Carnival Corp. (a) | 4.00% | 08/01/28 | 11316596 |
| 5153000 | Carnival Corp. (a) | 5.75% | 08/01/32 | 5244466 |
| 7730000 | Royal Caribbean Cruises Ltd. (a) | 6.25% | 03/15/32 | 7982810 |
| 7330000 | Viking Cruises Ltd. (a) | 9.13% | 07/15/31 | 7901975 |
|  |  |  |  | 32445847 |
|  | **Machinery-Diversified — 0.0%** | **Machinery-Diversified — 0.0%** | **Machinery-Diversified — 0.0%** |  |
| 1392300 | Oregon Tool Lux, L.P. (a) | 7.88% | 10/15/29 | 723996 |
|  | **Oil & Gas — 0.0%** | **Oil & Gas — 0.0%** | **Oil & Gas — 0.0%** |  |
| 742950 | Transocean Poseidon Ltd. (a) | 6.88% | 02/01/27 | 745132 |
|  | **Savings & Loans — 0.0%** | **Savings & Loans — 0.0%** | **Savings & Loans — 0.0%** |  |
| 885000 | Nationwide Building Society (a) (b) | 2.97% | 02/16/28 | 867841 |
|  | **Software — 0.2%** | **Software — 0.2%** | **Software — 0.2%** |  |
| 6731000 | Open Text Corp. (a) | 6.90% | 12/01/27 | 6991106 |
|  | **Telecommunications — 0.2%** | **Telecommunications — 0.2%** | **Telecommunications — 0.2%** |  |
| 4140000 | SoftBank Corp. (a) | 4.70% | 07/09/30 | 4169655 |
|  | **Total Foreign Corporate Bonds and Notes** | **Total Foreign Corporate Bonds and Notes** | **Total Foreign Corporate Bonds and Notes** | 104295562 |
|  | (Cost $101,669,582) | (Cost $101,669,582) | (Cost $101,669,582) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Rate (m)** | **Stated** <br>**Maturity (n)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS — 1.8%** | **SENIOR FLOATING-RATE LOAN INTERESTS — 1.8%** | **SENIOR FLOATING-RATE LOAN INTERESTS — 1.8%** | **SENIOR FLOATING-RATE LOAN INTERESTS — 1.8%** | **SENIOR FLOATING-RATE LOAN INTERESTS — 1.8%** |
|  | **Aerospace/Defense — 0.5%** | **Aerospace/Defense — 0.5%** | **Aerospace/Defense — 0.5%** |  |
| 14578292 | TransDigm, Inc., Term Loan, 3 Mo. CME Term SOFR + 2.50%, <br> 0.00% Floor  | 6.80% | 02/28/31 | 14606428 |
|  | **Gaming — 0.2%** | **Gaming — 0.2%** | **Gaming — 0.2%** |  |
| 7300000 | Caesars Entertainment, Inc., Term Loan B1, 1 Mo. CME Term <br> SOFR + 2.25%, 0.50% Floor  | 6.57% | 02/06/31 | 7289962 |
|  | **Healthcare — 0.3%** | **Healthcare — 0.3%** | **Healthcare — 0.3%** |  |
| 8000000 | Medline Borrower, L.P., Term Loan B, 1 Mo. CME Term SOFR + <br> 2.25%, 0.50% Floor  | 6.58% | 10/23/28 | 8009200 |
| 951905 | ModivCare, Inc., Term Loan, 3 Mo. CME Term SOFR + CSA + <br> 7.50%, 0.00% Floor (d) | 11.78% | 01/12/26 | 465244 |
|  |  |  |  | 8474444 |
|  | **Healthcare REITs — 0.0%** | **Healthcare REITs — 0.0%** | **Healthcare REITs — 0.0%** |  |
| 390555 | Healthpeak OP LLC, Delayed Draw Term Loan, 1 Mo. CME Term <br> SOFR + CSA + 0.85%, 0.00% Floor  | 5.26% | 02/22/27 | 387625 |

---

See Notes to Financial Statements

------

**First Trust Smith Unconstrained Bond ETF (UCON)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Rate (m)** | **Stated**<br> **Maturity (n)**<br>| **Value** |
| **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** | **SENIOR FLOATING-RATE LOAN INTERESTS (Continued)** |
|  | **Media Entertainment — 0.3%** | **Media Entertainment — 0.3%** | **Media Entertainment — 0.3%** |  |
| $7705000 | Nexstar Media, Inc., Term Loan B5, 1 Mo. CME Term SOFR + <br> 2.50%, 0.00% Floor  | 6.82% | 06/28/32 | $7684543 |
|  | **Other Industrial — 0.1%** | **Other Industrial — 0.1%** | **Other Industrial — 0.1%** |  |
| 1994994 | Asp Dream Acquisition Co., Term Loan B, 1 Mo. CME Term <br> SOFR + CSA + 4.25%, 0.75% Floor  | 8.67% | 12/15/28 | 1815444 |
|  | **Paper — 0.0%** | **Paper — 0.0%** | **Paper — 0.0%** |  |
| 26558 | Mativ Holdings, Inc., Delayed Draw Term Loan, 1 Mo. CME Term <br> SOFR + CSA + 2.50%, 0.00% Floor  | 6.92% | 05/06/27 | 26459 |
|  | **Pharmaceuticals — 0.2%** | **Pharmaceuticals — 0.2%** | **Pharmaceuticals — 0.2%** |  |
| 6059800 | Amneal Pharmaceuticals LLC, Term Loan, 1 Mo. CME Term <br> SOFR + 3.50%, 0.50% Floor  | 7.82% | 08/02/32 | 6105249 |
|  | **Retailers — 0.2%** | **Retailers — 0.2%** | **Retailers — 0.2%** |  |
| 7500000 | ABG Intermediate Holdings 2 LLC, Term Loan B1, 1 Mo. CME <br> Term SOFR + 2.25%, 0.00% Floor  | 6.57% | 12/21/28 | 7497675 |
|  | **Total Senior Floating-Rate Loan Interests** | **Total Senior Floating-Rate Loan Interests** | **Total Senior Floating-Rate Loan Interests** | 53887829 |
|  | (Cost $54,389,677) | (Cost $54,389,677) | (Cost $54,389,677) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Coupon**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **ASSET-BACKED SECURITIES — 0.9%** | **ASSET-BACKED SECURITIES — 0.9%** | **ASSET-BACKED SECURITIES — 0.9%** | **ASSET-BACKED SECURITIES — 0.9%** | **ASSET-BACKED SECURITIES — 0.9%** |
|  | Bayview Opportunity Master Fund VII | Bayview Opportunity Master Fund VII | Bayview Opportunity Master Fund VII | Bayview Opportunity Master Fund VII |
| 7195386 | Series 2024-EDU1, Class E (k) | 7.85% | 06/25/47 | 7317238 |
|  | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust |
| 5450 | Series 2020-P1, Class R (a) | (o) | 09/08/27 | 410836 |
| 2800 | Series 2021-P4, Class R (a) | (o) | 09/11/28 | 360736 |
| 19300 | Series 2022-N1, Class R (a) | (o) | 12/11/28 | 824321 |
| 17100 | Series 2022-P2, Class R (a) | (o) | 05/10/29 | 2009526 |
| 9800 | Series 2023-N3, Class R (a) | (o) | 09/10/30 | 2008550 |
| 8700 | Series 2023-P3, Class R (a) | (o) | 08/12/30 | 995217 |
|  | Chase Auto Owner Trust | Chase Auto Owner Trust | Chase Auto Owner Trust | Chase Auto Owner Trust |
| 10000 | Series 2022-AA, Class R1 (a) | (o) | 06/25/30 | 643217 |
|  | LAD Auto Receivables Trust | LAD Auto Receivables Trust | LAD Auto Receivables Trust | LAD Auto Receivables Trust |
| 4950000 | Series 2023-1A, Class D (a) | 7.30% | 06/17/30 | 5053885 |
|  | Skyline Aircraft Finance LLC | Skyline Aircraft Finance LLC | Skyline Aircraft Finance LLC | Skyline Aircraft Finance LLC |
| 516620 | Series 2020-1, Class A (k) (p) (q) | 3.23% | 05/10/38 | 483161 |
|  | SLM Student Loan EDC Repackaging Trust | SLM Student Loan EDC Repackaging Trust | SLM Student Loan EDC Repackaging Trust | SLM Student Loan EDC Repackaging Trust |
| 1000 | Series 2013-M1, Class M1R (a) | (o) | 10/28/29 | 195548 |
|  | SLM Student Loan Trust | SLM Student Loan Trust | SLM Student Loan Trust | SLM Student Loan Trust |
| 6525 | Series 2006-2, Class R | (o) | 01/25/41 | 346593 |
| 1375 | Series 2007-4, Class R | (o) | 01/25/42 | 153398 |
|  | Westlake Automobile Receivables Trust | Westlake Automobile Receivables Trust | Westlake Automobile Receivables Trust | Westlake Automobile Receivables Trust |
| 5290000 | Series 2023-1A, Class D (a) | 6.79% | 11/15/28 | 5440587 |
|  | **Total Asset-Backed Securities** | **Total Asset-Backed Securities** | **Total Asset-Backed Securities** | 26242813 |
|  | (Cost $29,919,341) | (Cost $29,919,341) | (Cost $29,919,341) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Financial Statements

------

**First Trust Smith Unconstrained Bond ETF (UCON)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | |
|:---|:---|:---|:---|
| **Shares** | **Description** | **Stated** <br>**Rate**<br>| **Value** |
| **$25 PAR PREFERRED SECURITIES — 0.2%** | **$25 PAR PREFERRED SECURITIES — 0.2%** | **$25 PAR PREFERRED SECURITIES — 0.2%** | **$25 PAR PREFERRED SECURITIES — 0.2%** |
|  | **Banks — 0.1%**  | **Banks — 0.1%**  |  |
| 68942 | Bank of Hawaii Corp. | 8.00%<br> (l) | $1833857 |
|  | **Financial Services — 0.1%**  | **Financial Services — 0.1%**  |  |
| 121300 | Jackson Financial, Inc. (b) | 8.00%<br> (l) | 3165930 |
|  | **Total $25 Par Preferred Securities** | **Total $25 Par Preferred Securities** | 4999787 |
|  | (Cost $4,943,753) | (Cost $4,943,753) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** |
| 5465652 | Dreyfus Government Cash Management Fund, Institutional Shares - 4.18% (r) | 5465652 |
|  | (Cost $5,465,652) |  |
|  | **Total Investments — 99.5%** | 2937274743 |
|  | (Cost $2,906,223,188) |  |
|  | **Net Other Assets and Liabilities — 0.5%** | 15382721 |
|  | **Net Assets — 100.0%** | $2952657464 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) This
 security, sold within the terms of a private placement memorandum, 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. Pursuant to procedures adopted by the Trust's Board of Trustees, this security
 has been determined to be liquid by First Trust Advisors L.P. (the "Advisor"). Although market instability can result in periods
 of increased overall market illiquidity, liquidity for each security is determined based on security specific factors and assumptions,
 which require subjective judgment. At August 31, 2025, securities noted as such amounted to $762,118,771 or 25.8%
 of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Fixed-to-floating
 or fixed-to-variable rate security. The interest rate shown reflects the fixed rate in effect at August 31, 2025. At a
 predetermined date, the fixed rate will change to a floating rate or a variable rate.

&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 issuer will pay interest in cash and/or in PIK interest.

&nbsp;&nbsp;&nbsp;&nbsp;(d) This
 issuer is in default.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This
 security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule
 144A of the 1933 Act, and may be resold in transactions exempt from registration, normally to qualified institutional buyers (see
 Note 2L - Restricted Securities in the Notes to Financial Statements).

&nbsp;&nbsp;&nbsp;&nbsp;(f) Security
 whose principal value is adjusted in accordance with changes to the country's Consumer Price Index. Interest is calculated
 on the basis of the current adjusted principal value.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Inverse
 floating rate security.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Floating
 or variable rate security.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Collateral
 Strip Rate security. Coupon is based on the weighted net interest rate of the investment's underlying collateral. The interest
 rate resets periodically.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Weighted
 Average Coupon security. Coupon is based on the blended interest rate of the underlying holdings, which may have different
 coupons. The coupon may change in any period.

&nbsp;&nbsp;&nbsp;&nbsp;(k) Pursuant
 to procedures adopted by the Trust's Board of Trustees, this security has been determined to be illiquid by the Advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(l) Perpetual
 maturity.

&nbsp;&nbsp;&nbsp;&nbsp;(m) Senior
 Floating-Rate Loan Interests ("Senior Loans") in which the Fund invests pay interest at rates which are periodically predetermined
 by reference to a base lending rate plus a premium. These base lending rates are generally (i) the SOFR obtained from
 the U.S. Department of the Treasury's Office of Financial Research or another major financial institution, (ii) the lending rate
 offered by one or more major European banks, (iii) the prime rate offered by one or more United States banks or (iv) the certificate
 of deposit rate. Certain Senior Loans are subject to a SOFR floor that establishes a minimum SOFR rate. When a range of
 rates is disclosed, the Fund holds more than one contract within the same tranche with identical SOFR period, spread and floor,
 but different SOFR reset dates.

&nbsp;&nbsp;&nbsp;&nbsp;(n) Senior
 Loans generally are subject to mandatory and/or optional prepayment. As a result, the actual remaining maturity of Senior Loans
 may be substantially less than the stated maturities shown.

See Notes to Financial Statements

------

**First Trust Smith Unconstrained Bond ETF (UCON)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(o) Zero
 coupon security.

&nbsp;&nbsp;&nbsp;&nbsp;(p) 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 August
 31, 2025, securities noted as such are valued at $483,161 or 0.0% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(q) This
 security's value was determined using significant unobservable inputs (see Note 2A - Portfolio Valuation in the Notes to Financial
 Statements).

&nbsp;&nbsp;&nbsp;&nbsp;(r) Rate
 shown reflects yield as of August 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| CME | – Chicago Mercantile Exchange |
| CSA | – Credit Spread Adjustment |
| IO | – Interest-Only Security - Principal amount shown represents par value on which interest payments are based |
| PIK | – Payment-in-kind |
| REITs | – Real Estate Investment Trusts |
| REMIC | – Real Estate Mortgage Investment Conduit |
| SOFR | – Secured Overnight Financing Rate |
| STACR | – Structured Agency Credit Risk |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Corporate Bonds and Notes\* | $1153172429 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1153172429 | &nbsp;&nbsp; $— |
| U.S. Government Bonds and Notes | 911805250 | &nbsp;&nbsp; — | &nbsp;&nbsp; 911805250 | &nbsp;&nbsp; — |
| U.S. Government Agency Mortgage-Backed <br> Securities<br>| 388834353 | &nbsp;&nbsp; — | &nbsp;&nbsp; 388834353 | &nbsp;&nbsp; — |
| Capital Preferred Securities\* | 173194069 | &nbsp;&nbsp; — | &nbsp;&nbsp; 173194069 | &nbsp;&nbsp; — |
| Mortgage-Backed Securities | 115376999 | &nbsp;&nbsp; — | &nbsp;&nbsp; 115376999 | &nbsp;&nbsp; — |
| Foreign Corporate Bonds and Notes\* | 104295562 | &nbsp;&nbsp; — | &nbsp;&nbsp; 104295562 | &nbsp;&nbsp; — |
| Senior Floating-Rate Loan Interests\* | 53887829 | &nbsp;&nbsp; — | &nbsp;&nbsp; 53887829 | &nbsp;&nbsp; — |
| Asset-Backed Securities | 26242813 | &nbsp;&nbsp; — | &nbsp;&nbsp; 25759652 | &nbsp;&nbsp; 483161 |
| $25 Par Preferred Securities\* | 4999787 | &nbsp;&nbsp; 4999787 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Money Market Funds | 5465652 | &nbsp;&nbsp; 5465652 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $2937274743 | &nbsp;&nbsp; $10465439 | &nbsp;&nbsp; $2926326143 | &nbsp;&nbsp; $483161 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

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

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Assets and Liabilities**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **First Trust** <br> **Smith** <br> **Opportunistic** <br> **Fixed Income** <br> **ETF** <br>**(FIXD)** <br>| **First Trust** <br> **Smith** <br> **Unconstrained** <br> **Bond ETF** <br>**(UCON)** <br>|
| **ASSETS:** |  |  |
| Investments, at value | $3311563949 | &nbsp;&nbsp; $2937274743 |
| Cash | 3531681 | &nbsp;&nbsp; 3088926 |
| Receivables: |  |  |
| Interest | 31727021 | &nbsp;&nbsp; 30190111 |
| Investment securities sold | 8769725 | &nbsp;&nbsp; 10630822 |
| Dividends | 26870 | &nbsp;&nbsp; 33721 |
| Total Assets | 3355619246 | &nbsp;&nbsp; 2981218323 |
| **LIABILITIES:** |  |  |
| Due to custodian foreign currency |  | &nbsp;&nbsp; 34 |
| Payables: |  |  |
| Investment securities purchased | 11776469 | &nbsp;&nbsp; 26428154 |
| Investment advisory fees | 1836030 | &nbsp;&nbsp; 2132671 |
| Total Liabilities | 13612499 | &nbsp;&nbsp; 28560859 |
| **NET ASSETS** | $3342006747 | &nbsp;&nbsp; $2952657464 |
| **NET ASSETS consist of:** |  |  |
| Paid-in capital | $4286602088 | &nbsp;&nbsp; $2976843530 |
| Par value | 759000 | &nbsp;&nbsp; 1179500 |
| Accumulated distributable earnings (loss) | (945354341)<br>| &nbsp;&nbsp; (25365566)<br>|
| **NET ASSETS** | $3342006747 | &nbsp;&nbsp; $2952657464 |
| **NET ASSET VALUE,** per share | $44.03 | &nbsp;&nbsp; $25.03 |
| Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per <br> share)<br>| 75900002 | &nbsp;&nbsp; 117950002 |
| Investments, at cost | $3301776156 | &nbsp;&nbsp; $2906223188 |
| Foreign currency, at cost (proceeds) | $— | &nbsp;&nbsp; $(34)<br>|

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Operations**

**For the Year Ended August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **First Trust** <br> **Smith** <br> **Opportunistic** <br> **Fixed Income** <br> **ETF** <br>**(FIXD)** <br>| **First Trust** <br> **Smith** <br> **Unconstrained** <br> **Bond ETF** <br>**(UCON)** <br>|
| **INVESTMENT INCOME:** |  |  |
| Interest | $203284414 | &nbsp;&nbsp; $170634691 |
| Dividends | 7988366 | &nbsp;&nbsp; 5590780 |
| Total investment income | 211272780 | &nbsp;&nbsp; 176225471 |
| **EXPENSES:** |  |  |
| Investment advisory fees | 27916865<br>| &nbsp;&nbsp; 26900745<br>|
| Total expenses | 27916865 | &nbsp;&nbsp; 26900745 |
| **NET INVESTMENT INCOME (LOSS)** | 183355915 | &nbsp;&nbsp; 149324726 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS):** |  |  |
| Net realized gain (loss) on: |  |  |
| Investments | (249202514)<br>| &nbsp;&nbsp; (36297140)<br>|
| Purchased swaptions contracts | (1195547)<br>| &nbsp;&nbsp; — |
| Futures contracts | (2825393)<br>| &nbsp;&nbsp; 3307406 |
| Forward foreign currency contracts | (1967670)<br>| &nbsp;&nbsp; (2517706)<br>|
| Swap contracts | 2642415 | &nbsp;&nbsp; 317930 |
| Foreign currency transactions | (1610547)<br>| &nbsp;&nbsp; (1330879)<br>|
| Net realized gain (loss) | (254159256)<br>| &nbsp;&nbsp; (36520389)<br>|
| Net increase from payment by the advisor | 762 | &nbsp;&nbsp; 1953 |
| Net change in unrealized appreciation (depreciation) on: |  |  |
| Investments | 138578491 | &nbsp;&nbsp; 45944907 |
| Futures contracts | 2069022 | &nbsp;&nbsp; (1425462)<br>|
| Forward foreign currency contracts | 1345819 | &nbsp;&nbsp; 690695 |
| Swap contracts | 702525 | &nbsp;&nbsp; 83279 |
| Foreign currency translation | (17034)<br>| &nbsp;&nbsp; (9544)<br>|
| Net change in unrealized appreciation (depreciation) | 142678823 | &nbsp;&nbsp; 45283875 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** | (111479671)<br>| &nbsp;&nbsp; 8765439 |
| **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $71876244 | &nbsp;&nbsp; $158090165 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Statements of Changes in Net Assets** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **First Trust Smith Opportunistic** <br> **Fixed Income ETF (FIXD)** | **First Trust Smith Opportunistic** <br> **Fixed Income ETF (FIXD)** | **First Trust Smith Unconstrained** <br> **Bond ETF (UCON)** | **First Trust Smith Unconstrained** <br> **Bond ETF (UCON)** |
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>| **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $183355915 | &nbsp;&nbsp; $208773327 | &nbsp;&nbsp; $149324726 | &nbsp;&nbsp; $105972593 |
| Net realized gain (loss) | (254159256)<br>| &nbsp;&nbsp; (795302)<br>| &nbsp;&nbsp; (36520389)<br>| &nbsp;&nbsp; 4894752 |
| Net increase from payment by the advisor | 762 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1953 | &nbsp;&nbsp; — |
| Net change in unrealized appreciation (depreciation) | 142678823 | &nbsp;&nbsp; 143388827 | &nbsp;&nbsp; 45283875 | &nbsp;&nbsp; 59513443 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 71876244 | &nbsp;&nbsp; 351366852 | &nbsp;&nbsp; 158090165 | &nbsp;&nbsp; 170380788 |
| **DISTRIBUTIONS TO SHAREHOLDERS FROM:** |  |  |  |  |
| Investment operations | (182135254)<br>| &nbsp;&nbsp; (215231004)<br>| &nbsp;&nbsp; (146204502)<br>| &nbsp;&nbsp; (108036752)<br>|
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 463785267<br>| &nbsp;&nbsp; 817249660<br>| &nbsp;&nbsp; 672776470<br>| &nbsp;&nbsp; 1355214655<br>|
| Cost of shares redeemed | (2291057603) <br>| &nbsp;&nbsp; (213340744) <br>| &nbsp;&nbsp; (638460543) <br>| &nbsp;&nbsp; —<br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| (1827272336)<br>| &nbsp;&nbsp; 603908916 | &nbsp;&nbsp; 34315927 | &nbsp;&nbsp; 1355214655 |
| Total increase (decrease) in net assets | (1937531346)<br>| &nbsp;&nbsp; 740044764 | &nbsp;&nbsp; 46201590 | &nbsp;&nbsp; 1417558691 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 5279538093 | &nbsp;&nbsp; 4539493329 | &nbsp;&nbsp; 2906455874 | &nbsp;&nbsp; 1488897183 |
| End of period | $3342006747 | &nbsp;&nbsp; $5279538093 | &nbsp;&nbsp; $2952657464 | &nbsp;&nbsp; $2906455874 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 118200002 | &nbsp;&nbsp; 104550002 | &nbsp;&nbsp; 116750002 | &nbsp;&nbsp; 61550002 |
| Shares sold | 10350000 | &nbsp;&nbsp; 18650000 | &nbsp;&nbsp; 27000000 | &nbsp;&nbsp; 55200000 |
| Shares redeemed | (52650000)<br>| &nbsp;&nbsp; (5000000)<br>| &nbsp;&nbsp; (25800000)<br>| &nbsp;&nbsp; — |
| Shares outstanding, end of period | 75900002 | &nbsp;&nbsp; 118200002 | &nbsp;&nbsp; 117950002 | &nbsp;&nbsp; 116750002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights**

**For a share outstanding throughout each period**

**First Trust Smith Opportunistic Fixed Income ETF (FIXD)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $44.67 | &nbsp;&nbsp;&nbsp;&nbsp; $43.42 | &nbsp;&nbsp;&nbsp;&nbsp; $46.17 | &nbsp;&nbsp;&nbsp;&nbsp; $53.98 | &nbsp;&nbsp;&nbsp;&nbsp; $55.16 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 1.85<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.85<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.64<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.88<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.76<br>|
| Net realized and unrealized gain (loss) | (0.63) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.31<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.64) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (7.76) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.34) <br>|
| Total from investment operations | 1.22<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.16<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.00) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (6.88) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.42<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (1.86) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.91) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.75) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.93) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81) <br>|
| Net realized gain | —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.75) <br>|
| Return of capital | —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.04) <br>|
| Total distributions | (1.86) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.91) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.75) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.93) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.60) <br>|
| Net asset value, end of period | $44.03<br>| &nbsp;&nbsp;&nbsp;&nbsp; $44.67<br>| &nbsp;&nbsp;&nbsp;&nbsp; $43.42<br>| &nbsp;&nbsp;&nbsp;&nbsp; $46.17<br>| &nbsp;&nbsp;&nbsp;&nbsp; $53.98<br>|
| **Total return** (c) | 2.83<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.55<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.15)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (12.84)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.77<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $3342007<br>| &nbsp;&nbsp;&nbsp;&nbsp; $5279538<br>| &nbsp;&nbsp;&nbsp;&nbsp; $4539493<br>| &nbsp;&nbsp;&nbsp;&nbsp; $3548443<br>| &nbsp;&nbsp;&nbsp;&nbsp; $5297667<br>|
| Ratio of total expenses to average net assets | 0.64<br> % (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.64<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>|
| Ratio of net expenses to average net assets | 0.64<br> % (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.64<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.62<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.55<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.55<br> % <br>|
| Ratio of net investment income (loss) to average net <br> assets<br>| 4.22<br> % (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.29<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.72<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.74<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.34<br> % <br>|
| Portfolio turnover rate (e) | 384<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 511<br> % (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 456<br> % (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 445<br> % (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 497<br> % (f)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Fund received a payment from the advisor in the amount of $762 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.

&nbsp;&nbsp;&nbsp;&nbsp;(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. The total returns would have been lower if certain fees
 had not been waived by the investment advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(f) The
 portfolio turnover rate not including mortgage dollar rolls was 345%, 290%, 271% and 282% for the years ending August 31, 2024, August
 31, 2023, August 31, 2022 and August 31, 2021, respectively.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund VIII**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**First Trust Smith Unconstrained Bond ETF (UCON)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $24.89 | &nbsp;&nbsp;&nbsp;&nbsp; $24.19 | &nbsp;&nbsp;&nbsp;&nbsp; $24.57 | &nbsp;&nbsp;&nbsp;&nbsp; $26.56 | &nbsp;&nbsp;&nbsp;&nbsp; $26.19 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 1.16<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.24<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.11<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.55<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.53<br>|
| Net realized and unrealized gain (loss) | 0.12<br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.72<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.35) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.01) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.52<br>|
| Total from investment operations | 1.28<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.96<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.76<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.46) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.05<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (1.14) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.26) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.14) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.52) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.51) <br>|
| Net realized gain | —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.01) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.17) <br>|
| Total distributions | (1.14) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.26) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.14) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.53) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.68) <br>|
| Net asset value, end of period | $25.03<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24.89<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24.19<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24.57<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.56<br>|
| **Total return** (c) | 5.32<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.35<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.18<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (5.55)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.04<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $2952657<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2906456<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1488897<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1268815<br>| &nbsp;&nbsp;&nbsp;&nbsp; $608317<br>|
| Ratio of total expenses to average net assets | 0.85<br> % (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>|
| Ratio of net expenses to average net assets | 0.85<br> % (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.82<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % <br>|
| Ratio of net investment income (loss) to average net <br> assets<br>| 4.69<br> % (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.11<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.35<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.90<br> % <br>|
| Portfolio turnover rate (e) | 305<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 314<br> % (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 257<br> % (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 208<br> % (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 190<br> % (f)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Fund received a payment from the advisor in the amount of $1,953 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.

&nbsp;&nbsp;&nbsp;&nbsp;(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. The total returns would have been lower if certain fees
 had not been waived by the investment advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(f) The
 portfolio turnover rate not including mortgage dollar rolls was 138%, 33%, 43%, and 40% for the years ending August 31, 2024, August 31, 2023,
 August 31, 2022, and August 31, 2021, respectively.

See Notes to Financial Statements

------

**Notes to Financial Statements**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization**

First Trust Exchange-Traded Fund VIII (the "Trust") is an open-end management investment company organized as a Massachusetts business trust on February 22, 2016, 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 two funds (each a "Fund" and collectively, the "Funds"), each a diversified series of the Trust, listed below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

First Trust Smith Opportunistic Fixed Income ETF – (Nasdaq, Inc. ("Nasdaq") ticker "FIXD") <br> First Trust Smith Unconstrained Bond ETF – (NYSE Arca, Inc. ("NYSE Arca") ticker "UCON")

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."

Each Fund is an actively managed exchange-traded fund. FIXD's and UCON's investment objective is to seek to maximize long-term total return. Each of FIXD and UCON seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (including investment borrowings) in fixed income securities.

**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. Domestic debt securities and 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:

Corporate bonds, corporate notes, U.S. government securities, mortgage-backed securities, asset-backed securities, municipal securities, capital preferred securities and other debt securities are fair valued on the basis of valuations provided by dealers who make markets in such securities or by a third-party pricing service approved by the Advisor's Pricing Committee, which may use the following valuation inputs when available:

1)

benchmark yields;

2)

reported trades;

3)

broker/dealer quotes;

4)

issuer spreads;

5)

benchmark securities;

6)

bids and offers; and

7)

reference data including market research publications.

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**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

Pricing services generally value fixed-income securities assuming orderly transactions of an institutional round lot size, but a Fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots may trade at lower prices than institutional round lots.

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.

Options on swaps ("swaptions") are valued by a third-party pricing service using a mathematical model, which incorporates a number of market data factors, such as the trades and prices of the underlying instruments.

Shares of open-end funds are valued based on NAV per share.

Senior Floating-Rate Loan Interests ("Senior Loans")<sup>(1)</sup> are not listed on any securities exchange or board of trade. Senior Loans are typically bought and sold by institutional investors in individually negotiated private transactions that function in many respects like an over-the-counter secondary market, although typically no formal market-makers exist. This market, while having grown substantially since its inception, generally has fewer trades and less liquidity than the secondary market for other types of securities. Some Senior Loans have few or no trades, or trade infrequently, and information regarding a specific Senior Loan may not be widely available or may be incomplete. Accordingly, determinations of the market value of Senior Loans may be based on infrequent and dated information. Because there is less reliable, objective data available, elements of judgment may play a greater role in valuation of Senior Loans than for other types of securities. Typically, Senior Loans are valued using information provided by a third-party pricing service. The third-party pricing service primarily uses over-the-counter pricing from dealer runs and broker quotes from indicative sheets to value the Senior Loans.

Forward foreign currency contracts are valued at the current day's interpolated foreign exchange rate, as calculated using the current day's spot rate, and the thirty, sixty, ninety, and one-hundred eighty day forward rates provided by a third-party pricing service.

Exchange-traded futures contracts are valued at the end of the day settlement price.

Exchange-traded options contracts are valued at the closing price in the market where such contracts are principally traded. If no closing price is available, exchange-traded options contracts are valued at the mean of their most recent bid and ask price, if both are available. Options contracts traded in the over-the-counter market may be valued as follows, depending on the market in which the investment trades: (1) the mean of the most recent bid and ask price, if available; or (2) a price based on the equivalent exchange-traded option.

Swaps are fair valued utilizing quotations provided by a third-party pricing service or, if the third-party pricing service does not provide a value, by quotes provided by the selling dealer or financial institution.

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.

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<sup>(1)</sup>

The terms "security" and "securities" used throughout the Notes to Financial Statements include Senior Loans.

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**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 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 (the "1933 Act")) 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 most recent price provided by a pricing service;

2)

available market prices for the fixed-income security;

3)

the fundamental business data relating to the borrower/issuer;

4)

an evaluation of the forces which influence the market in which these securities are purchased and sold;

5)

the type, size and cost of a security;

6)

the financial statements of the borrower/issuer or the financial condition of the country of issue;

7)

the credit quality and cash flow of the borrower/issuer, or country of issue, based on the Pricing Committee's, Smith Capital Investors, LLC ("Smith" or the "Sub-Advisor") or portfolio manager's analysis, as applicable, or external analysis;

8)

the information as to any transactions in or offers for the security;

9)

the price and extent of public trading in similar securities of the borrower/issuer, or comparable companies;

10)

the coupon payments;

11)

the quality, value and salability of collateral, if any, securing the security;

12)

the business prospects of the borrower/issuer, including any ability to obtain money or resources from a parent or affiliate and an assessment of the borrower's/issuer's management (for corporate debt only);

13)

the economic, political and social prospects/developments of the country of issue and the assessment of the country's government leaders/officials (for sovereign debt only);

14)

the prospects for the borrower's/issuer's industry, and multiples (of earnings and/or cash flows) being paid for similar businesses in that industry (for corporate debt only);

15)

the borrower's/issuer's competitive position within the industry;

16)

the borrower's/issuer's ability to access additional liquidity through public and/or private markets; and

17)

other relevant factors.

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.

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

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**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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 August 31, 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. Interest income is recorded daily on the accrual basis. Amortization of premiums and accretion of discounts are recorded using the effective interest method.

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.

Securities purchased or sold on a when-issued, delayed-delivery or forward purchase commitment basis may have extended settlement periods. The value of the security so purchased is subject to market fluctuations during this period. Each Fund maintains liquid assets with a current value at least equal to the amount of its when-issued, delayed-delivery or forward purchase commitments until payment is made. At August 31, 2025, FIXD and UCON held no when-issued, delayed-delivery or forward purchase commitments.

**C. Futures Contracts**

Each Fund may purchase or sell (i.e., is long or short) exchange-listed futures contracts to hedge against changes in interest rates (interest rate risk). Futures contracts are agreements between a Fund and a counterparty to buy or sell a specific quantity of an underlying instrument at a specified price and at a specified date. Depending on the terms of the contract, futures contracts are settled either through physical delivery of the underlying instrument on the settlement date or by payment of a cash settlement amount on the settlement date. Open futures contracts can also be closed out prior to settlement by entering into an offsetting transaction in a matching futures contract. If a Fund is not able to enter into an offsetting transaction, a Fund will continue to be required to maintain margin deposits on the futures contract. When the contract is closed or expires, a Fund record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed or expired. This gain or loss is included in "Net realized gain (loss) on futures contracts" on the Statements of Operations.

Upon entering into a futures contract, a Fund must deposit funds, called margin, with its custodian in the name of the clearing broker equal to a specified percentage of the current value of the contract. Open futures contracts are marked-to-market daily with the change in value recognized as a component of "Net change in unrealized appreciation (depreciation) on futures contracts" on the Statements of Operations. Pursuant to the contracts, a Fund agrees to receive from or pay to the broker an amount of cash equal to the daily fluctuation in value of the contract. Such receipts or payments are known as variation margin and are included in "Variation margin" payable or receivable on the Statements of Assets and Liabilities.

If market conditions change unexpectedly, a Fund may not achieve the anticipated benefits of the futures contract and may realize a loss. The use of futures contracts involves the risk of imperfect correlation in movements in the price of the futures contracts, interest rates and the underlying instruments. The Funds did not hold any futures contracts at August 31, 2025.

**D. Forward Foreign Currency Contracts**

Each Fund is subject to foreign currency risk in the normal course of pursuing its investment objective. Forward foreign currency contracts are agreements between two parties ("Counterparties") to exchange one currency for another at a future date and at a specified price. Each Fund uses forward foreign currency contracts to facilitate transactions in foreign securities and to manage the Fund's foreign currency exposure. These contracts are valued daily, and a Fund's net equity therein, representing unrealized gain or loss on the contracts as measured by the difference between the forward foreign exchange rates at the dates of entry into the contracts and the forward rates at the reporting date, is included in "Unrealized appreciation on forward foreign currency contracts" and "Unrealized depreciation on forward foreign currency contracts" on the Statements of Assets and Liabilities. The change in unrealized appreciation/(depreciation) is included in "Net change in unrealized appreciation (depreciation) on forward foreign currency contracts" on the Statements of Operations. When the forward contract is closed, a Fund records a realized gain or loss equal to the difference between the proceeds from (or the cost of) the closing transaction and the Fund's basis in the contract. This realized gain or loss is included in "Net realized gain (loss) on forward foreign currency contracts" on the Statements of Operations. Risks arise from the

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**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

possible inability of Counterparties to meet the terms of their contracts and from movement in currency and securities values and interest rates. Due to the risks, a Fund could incur losses in excess of the net unrealized value shown on the Forward Foreign Currency Contracts table in the Fund's Portfolio of Investments. In the event of default by the Counterparty, a Fund will provide notice to the Counterparty of the Fund's intent to convert the currency held by the Fund into the currency that the Counterparty agreed to exchange with the Fund. If a Counterparty becomes bankrupt or otherwise fails to perform its obligations due to financial difficulties, a Fund may experience significant delays in obtaining any recovery in a bankruptcy or other reorganization proceeding. The Fund may obtain only limited recovery or may obtain no recovery in such circumstances. The Funds did not hold any forward foreign currency contracts at August 31, 2025.

**E. Swap Agreements**

Each Fund may enter into swap agreements. A swap is a financial instrument that typically involves the exchange of cash flows between two parties on specified dates (settlement dates), where the cash flows are based on agreed upon prices, rates, credit event, etc. Payment received or made by the Fund for swaps, if any, are recorded on the Statements of Operations as "Net realized gain (loss) on swap contracts." When a swap is terminated, the Fund will record a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the Fund's basis in the contract, if any. Generally, the basis of the contracts, if any, is the premium received or paid. Swap agreements are individually negotiated and involve the risk of the potential inability of the Counterparties to meet the terms of the agreement. In connection with these agreements, cash and securities may be identified as collateral in accordance with the terms of the respective swap agreements to provide assets of value and recourse in the event of default under the swap agreement or bankruptcy/insolvency of a party to the swap agreement. In the event of a default by a Counterparty, the Fund will seek withdrawal of the collateral and may incur certain costs exercising its rights with respect to the collateral. If a Counterparty becomes bankrupt or otherwise fails to perform its obligations due to financial difficulties, the Fund may experience significant delays in obtaining any recovery in a bankruptcy or other reorganization proceeding. The Fund may obtain only limited recovery or may obtain no recovery in such circumstances.

Swap agreements may increase or decrease the overall volatility of the investments of the Fund. The performance of swap agreements may be affected by changes in the specific interest rate, credit event, security, currency, or other factors that determine the amounts of payments due to and from the Fund. The notional amount represents the U.S. dollar value of the contract as of the day of the opening transaction or contract reset. When the Fund enters into a swap agreement, any premium paid is included in "Swap contracts, at value" on the Statements of Assets and Liabilities.

FIXD and UCON held interest rate swap agreements during the period, but had no open positions at August 31, 2025. An interest rate swap agreement involves the Fund's agreement to exchange a stream of interest payments for another party's stream of cash flows. Interest rate swaps do not involve the delivery of securities or other underlying assets or principal. Accordingly, the risk of loss with respect to interest rate swaps is limited to the net amount of interest payments that the Fund is contractually obligated to make. The Fund's maximum interest rate risk to meet its future payments under swap agreements is equal to the total notional amount as shown on the Portfolio of Investments.

**F. Options and Swaptions**

FIXD may invest in option contracts to adjust its exposure to interest rate risk. The primary risk associated with purchasing options is that the value of the underlying investments may move in such a way that the option is out-of-the-money (the exercise price of the option exceeds the value of the underlying investment), the position is worthless at expiration, and the Fund loses the premium paid. The primary risk associated with selling options is that the value of the underlying investments may move in such a way that the option is in-the money (the exercise price of the option exceeds the value of the underlying investment), the counterparty exercises the option, and the Fund loses an amount equal to the market value of the option written less the premium received.

FIXD held swaptions during the period, but had no open positions at August 31, 2025. An option on swaps (swaptions) is transacted over-the-counter ("OTC") and not on an exchange. The purchaser and writer of a swaption is buying or granting the right to enter into a previously agreed upon interest rate or credit default swap agreement (interest rate risk and/or credit risk) at any time before the expiration of the option. Unlike exchange-traded options, which are standardized with respect to the underlying instrument, expiration date, contract size, and strike price, the terms of OTC options generally are established through negotiation with the other party to the option contract. Although this type of arrangement allows the purchaser or writer greater flexibility to tailor an option to its needs, OTC options have the risk of the potential inability of counterparties to meet the terms of their contracts. Each Fund's maximum equity price risk for purchased options is limited to the premium initially paid.

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**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

FIXD may purchase or write (sell) put and call options on futures contracts and enter into closing transactions with respect to such options to terminate an existing position. A futures option gives the holder the right, in return for the premium paid, to assume a long position (call) or short position (put) in a futures contract at a specified exercise price prior to the expiration of the option. Upon exercise of a call option, the holder acquires a long position in the futures contract and the writer is assigned the opposite short position. In the case of a put option, the opposite is true. Prior to exercise or expiration, a futures contract may be closed out by an offsetting purchase or sale of a futures option of the same series. Options are marked-to-market daily and their value is affected by changes in the value of the underlying security, changes in interest rates, changes in the actual or perceived volatility of the securities markets and the underlying securities, and the remaining time to the option's expiration. The value of options may also be adversely affected if the market for the options becomes less liquid or the trading volume diminishes.

When a Fund purchases a call or put option, the premium paid represents the cost of the call or put option, which is included in "Options contracts purchased, at value" on the Statements of Assets and Liabilities. When a Fund writes (sells) an option, an amount equal to the premium received by the Fund is included in "Options contracts written, at value" on the Statements of Assets and Liabilities. Options are marked-to-market daily and their value will be affected by changes in the value and dividend rates of the underlying equity securities, changes in interest rates, changes in the actual or perceived volatility of the securities markets and the underlying equity securities and the remaining time to the options' expiration. The value of options may also be adversely affected if the market for the options becomes less liquid or trading volume diminishes.

When a Fund purchases a call or put swaption, the premium paid represents the cost of the call or put swaption, which is included in "Swaptions contracts purchased, at value" on the Statements of Assets and Liabilities and is subsequently adjusted daily to the current market value of the option purchased. Fluctuations in the value of the swaptions are recorded in the Statements of Operations as unrealized appreciation (depreciation) until expired, closed, or exercised, at which time realized gains (losses) are recognized. If a Fund elects to allow a put swaption to expire, then the interest rate risk for purchased swaptions is limited to the premium initially paid. Any gain or loss on swaptions is included in "Purchased/Written swaptions contracts" on the Statements of Operations.

**G. 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.

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.

The Funds do not have the right to offset financial assets and financial liabilities related to options and swaptions contracts, forward foreign currency contracts, futures contracts or swap contracts on the Statements of Assets and Liabilities.

**H. 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 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 for fixed-income securities is included in "Net realized gain (loss) on investments" on the Statements of Operations.

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**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**I. Interest-Only Securities**

An interest-only security ("IO Security") is the interest-only portion of a mortgage-backed security that receives some or all of the interest portion of the underlying mortgage-backed security and little or no principal. A reference principal value called a notional value is used to calculate the amount of interest due to the IO Security. IO Securities are sold at a deep discount to their notional principal amount. Generally speaking, when interest rates are falling and prepayment rates are increasing, the value of an IO Security will fall. Conversely, when interest rates are rising and prepayment rates are decreasing, generally the value of an IO Security will rise. These securities, if any, are identified on each Fund's Portfolio of Investments.

**J. Mortgage Dollar Rolls**

Each Fund may invest, without limitation, in mortgage dollar rolls. The Funds intend to enter into mortgage dollar rolls only with high quality securities dealers and banks, as determined by the Funds' Sub-Advisor. In a mortgage dollar roll, a Fund will sell (or buy) mortgage-backed securities for delivery on a specified date and simultaneously contract to repurchase (or sell) substantially similar (same type, coupon and maturity) securities on a future date. Mortgage dollar rolls are recorded as separate purchases and sales in a Fund.

**K. Unfunded Loan Commitments**

Each Fund may enter into certain credit agreements, all or a portion of which may be unfunded. Each Fund is obligated to fund these loan commitments at the borrower's discretion. Unfunded loan commitments are marked-to-market daily, and any unrealized appreciation (depreciation) is included in the Statements of Assets and Liabilities and Statements of Operations. Unfunded loan commitments are categorized as Level 2 within the fair value hierarchy. In connection with these commitments, each Fund earns a commitment fee typically set as a percentage of the commitment amount. The commitment fees are included in "Interest" on the Statements of Operations. As of August 31, 2025, FIXD and UCON had no unfunded loan commitments.

**L. Restricted Securities**

FIXD and UCON invest in restricted securities, which are securities that may not be offered for public sale without first being registered under the 1933 Act. Prior to registration, restricted securities may only be resold in transactions exempt from registration under Rule 144A under the 1933 Act, normally to qualified institutional buyers. As of August 31, 2025, FIXD and UCON held restricted securities as shown in the following table that the Advisor has deemed illiquid pursuant to procedures adopted by the Trust's Board of Trustees. Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined based on security-specific factors and assumptions, which require subjective judgment. Each Fund does not have the right to demand that such securities be registered. These securities are valued according to the valuation procedures as stated in the Portfolio Valuation note (Note 2A) and are not expressed as a discount to the carrying value of a comparable unrestricted security. There are no unrestricted securities with the same maturity dates and yields for these issuers.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Security | Acquisition <br>Date<br>| Principal <br>Value<br>| Current <br>Price<br>| Carrying <br>Cost<br>| Value | % of <br>Net Assets<br>|
| **FIXD**  |  |  |  |  |  |  |
| ModivCare, Inc., 5.00%, 10/01/29 | 02/17/23 - <br> 05/01/25<br>| &nbsp;&nbsp; $4689300 | &nbsp;&nbsp; $3.63 | &nbsp;&nbsp; $3270500 | &nbsp;&nbsp; $169987 | 0.01<br> %<br>|
| **UCON**  |  |  |  |  |  |  |
| ModivCare, Inc., 5.00%, 10/01/29 | 02/21/23 - <br> 05/01/25<br>| &nbsp;&nbsp; 4868850 | 3.63 | &nbsp;&nbsp; 3897740 | &nbsp;&nbsp; 176496 | 0.01 |

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**M. Dividends and Distributions to Shareholders**

Dividends from net investment income of each Fund, if any, are 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 in cash may be reinvested automatically in additional whole shares only if the broker through whom the shares were purchased makes such option available. Such shares will generally be reinvested by the broker based upon the market price of those shares and investors may be subject to customary brokerage commissions charged by the broker.

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**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

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 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 August 31, 2025 were as follows:

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| | | | |
|:---|:---|:---|:---|
|  | Distributions <br>paid from <br>Ordinary <br>Income<br>| Distributions <br>paid from <br>Capital <br>Gains<br>| Distributions <br>paid from <br>Return of <br>Capital<br>|
| First Trust Smith Opportunistic Fixed Income ETF | $182135254 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| First Trust Smith Unconstrained Bond ETF | 146204502 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |

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The tax character of distributions paid by each Fund during the fiscal year ended August 31, 2024 were as follows:

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---

| | | | |
|:---|:---|:---|:---|
|  | Distributions <br>paid from <br>Ordinary <br>Income<br>| Distributions <br>paid from <br>Capital <br>Gains<br>| Distributions <br>paid from <br>Return of <br>Capital<br>|
| First Trust Smith Opportunistic Fixed Income ETF | $215231004 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| First Trust Smith Unconstrained Bond ETF | 108036752 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |

---

As of August 31, 2025, the components of distributable earnings on a tax basis for each Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | Undistributed <br>Ordinary <br>Income<br>| Accumulated <br>Capital and <br>Other <br>Gain (Loss)<br>| Net <br>Unrealized <br>Appreciation <br>(Depreciation)<br>|
| First Trust Smith Opportunistic Fixed Income ETF | $9304990 | &nbsp;&nbsp; $(926840764)<br>| &nbsp;&nbsp; $(27818567)<br>|
| First Trust Smith Unconstrained Bond ETF | 7523681 | &nbsp;&nbsp; (52122347)<br>| &nbsp;&nbsp; 19233100 |

---

**N. Income 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.

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. The taxable years ended 2022, 2023, 2024, and 2025 remain open to federal and state audit. As of August 31, 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 August 31, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

---

| | |
|:---|:---|
|  | Non-Expiring <br>Capital Loss <br>Carryforwards<br>|
| First Trust Smith Opportunistic Fixed Income ETF | $926840764 |
| First Trust Smith Unconstrained Bond ETF | 52122347 |

---

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 August 31, 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. The results of operations and net assets were not affected by these adjustments. For the fiscal year ended August 31, 2025, the adjustments for each Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | Accumulated <br>Net Investment <br>Income (Loss)<br>| Accumulated <br>Net Realized <br>Gain (Loss) <br>on Investments<br>| Paid-In <br>Capital<br>|
| First Trust Smith Opportunistic Fixed Income ETF | $(22776392)<br>| &nbsp;&nbsp; $22776392 | &nbsp;&nbsp; $— |
| First Trust Smith Unconstrained Bond ETF | (7696321)<br>| &nbsp;&nbsp; 7696321 | &nbsp;&nbsp; — |

---

As of August 31, 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Tax Cost | Gross <br> Unrealized <br>Appreciation<br>| Gross <br> Unrealized <br>(Depreciation)<br>| Net Unrealized <br>Appreciation <br>(Depreciation)<br>|
| First Trust Smith Opportunistic Fixed Income ETF | $3339382516 | &nbsp;&nbsp; $30714237 | &nbsp;&nbsp; $(58532804)<br>| &nbsp;&nbsp; $(27818567)<br>|
| First Trust Smith Unconstrained Bond ETF | 2918041643 | &nbsp;&nbsp; 40064374 | &nbsp;&nbsp; (20831274)<br>| &nbsp;&nbsp; 19233100 |

---

**O. Expenses**

Expenses, other than the investment advisory fee and other excluded expenses, are paid by the Advisor (see Note 3).

**P. 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 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.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

Effective May 10, 2025, Smith serves as the Funds' sub-advisor and manages each Fund's portfolio subject to First Trust's supervision. Pursuant to the Investment Management Agreement, between the Trust, on behalf of the Funds, and the Advisor, and the Investment Sub-Advisory Agreement among the Trust, on behalf of the Funds, the Advisor and Smith, First Trust will supervise Smith and its management of the investment of each Fund's assets and will pay Smith for its services as the Funds' sub-advisor. Smith receives a sub-advisory fee equal to 50% of any remaining monthly unitary management fee paid to the Advisor after the average Fund's expenses accrued during the most recent twelve months are subtracted from the unitary management fee for that month. During any period in which the Advisor's management fee is reduced in accordance with the breakpoints described below, the investment sub-advisory fee (which is based on the Advisor's management fee) paid to Smith will be reduced to reflect the reduction in the Advisor's management fee. First Trust will also be responsible for each Fund's expenses, including the cost of transfer agency, sub-advisory, custody, fund administration, legal, audit and other services, but excluding fee payments under the Investment Management Agreement, interest, taxes, acquired fund fees and expenses, 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, and extraordinary expenses. The unitary management fee payable by each Fund to First Trust for these services will be reduced at certain levels of each Fund's net asset ("breakpoints") and calculated pursuant to the following schedule:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Breakpoints | FIXD | UCON |
| Fund net assets up to and including $2.5 billion | 0.65000<br> %<br>| 0.85000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.63375<br> %<br>| 0.82875<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.61750<br> %<br>| 0.80750<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.60125<br> %<br>| 0.78625<br> %<br>|
| Fund net assets greater than $10 billion | 0.58500<br> %<br>| 0.76500<br> %<br>|

---

As of the close of business on May 9, 2025, TCW served as the Funds' sub-advisor and managed each Fund's portfolio subject to First Trust's supervision. Pursuant to the Investment Management Agreement, between the Trust, on behalf of the Funds, and the Advisor, and the Investment Sub-Advisory Agreement among the Trust, on behalf of the Funds, the Advisor and TCW, First Trust supervised TCW and its management of the investment of each Fund's assets and paid TCW for its services as the Funds' sub-advisor. TCW received a sub-advisory fee equal to 50% of any remaining monthly unitary management fee paid to the Advisor after the average Fund's expenses accrued during the most recent twelve months were subtracted from the unitary management fee for that month.

During the fiscal year ended ended August 31, 2025, FIXD and UCON received a payment from the Advisor in the amount of $762 and $1,953, respectively, in connection with a trade error.

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 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.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**4. Purchases and Sales of Securities** 

For the fiscal year ended August 31, 2025, the cost of purchases and proceeds from sales and paydowns of U.S. Government securities and non-U.S. Government securities for each Fund, excluding short-term investments and in-kind transactions, were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| **First Trust Smith Opportunistic Fixed Income ETF** |  |  |
| U.S. Government securities | $14108807976 | &nbsp;&nbsp; $15426973891 |
| Non-U.S. Government securities | 1885471614 | &nbsp;&nbsp; 2299217059 |
| **First Trust Smith Unconstrained Bond ETF** |  |  |
| U.S. Government securities | 7040147372 | &nbsp;&nbsp; 6159814210 |
| Non-U.S. Government securities | 2302619944 | &nbsp;&nbsp; 2431342900 |

---

For the fiscal year ended August 31, 2025, the Funds had no in-kind transactions.

**5. Derivative Transactions** 

The following table presents the amount of net realized gain (loss) and change in net unrealized appreciation (depreciation) recognized for the fiscal year ended August 31, 2025, on each Fund's derivative instruments, as well as the primary underlying risk exposure associated with the instruments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Statements of Operations Location** | **FIXD**  | **UCON**  |
| **Currency Risk Exposure** |  |  |
| Net realized gain (loss) on forward foreign <br> currency contracts<br>| $(1967670)<br>| &nbsp;&nbsp; $(2517706)<br>|
| Net change in unrealized appreciation <br> (depreciation) on forward foreign currency <br> contracts<br>| 1345819 | &nbsp;&nbsp; 690695 |
| **Interest Rate Risk Exposure** |  |  |
| Net realized gain (loss) on: |  |  |
| Purchased swaptions contracts | (1195547)<br>| &nbsp;&nbsp; — |
| Futures contracts | (2825393)<br>| &nbsp;&nbsp; 3307406 |
| Swap contracts | 2642415 | &nbsp;&nbsp; 317930 |
| Net change in unrealized appreciation <br> (depreciation) on:<br>|  |  |
| Futures contracts | 2069022 | &nbsp;&nbsp; (1425462)<br>|
| Swap contracts | 702525 | &nbsp;&nbsp; 83279 |

---

**FIXD**

During the fiscal year ended August 31, 2025, the premiums for purchased swaptions contracts opened were $3,208,678 and the premiums for purchased swaptions contracts closed, exercised and expired were $3,208,678.

The average notional value of forward foreign currency contracts outstanding during the fiscal year ended August 31, 2025, which is indicative of the volume of this derivative type, was $62,115,703.

The average notional value of futures contracts during the fiscal year ended August 31, 2025, which is indicative of the volume of this derivative type, was $992,202,096.

The average notional value of interest rate swaps during the fiscal year ended August 31, 2025, which is indicative of the volume of this derivative type, was $11,064,400.

**UCON**

The average notional value of forward foreign currency contracts outstanding during the fiscal year ended August 31, 2025, which is indicative of the volume of this derivative type, was $41,429,103.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

The average notional value of futures contracts during the fiscal year ended August 31, 2025, which is indicative of the volume of this derivative type, was $691,065,850.

The average notional value of interest rate swaps during the fiscal year ended August 31, 2025, which is indicative of the volume of this derivative type, was $1,311,600.

**6. 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 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.

**7. 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 December 31, 2026.

**8. 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.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**9. 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.

------

**Report of Independent Registered Public Accounting Firm**

**To the Shareholders and the Board of Trustees of First Trust Exchange-Traded Fund VIII:**

**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 Smith Opportunistic Fixed Income ETF (formerly known as First Trust TCW Opportunistic Fixed Income ETF) and First Trust Smith Unconstrained Bond ETF (formerly known as First Trust TCW Unconstrained Plus Bond ETF) (the "Funds"), each a series of the First Trust Exchange-Traded Fund VIII, as of August 31, 2025, the related statements of operations for the year then ended, statements of changes in net assets for each of the two years in the period then ended, financial highlights for each of the five years in the period then ended, 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 Funds as of August 31, 2025, the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended 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 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 August 31, 2025, by correspondence with the custodian, agent banks, and brokers; when replies were not received from brokers or agent banks, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche, LLP

Chicago, Illinois

October 23, 2025

We have served as the auditor of one or more First Trust investment companies since 2001.

------

**Other Information**

**First Trust Exchange-Traded Fund VIII**

**August 31, 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 August 31, 2025.

**Proxy Disclosures (Item 9 of Form N-CSR)**

At a special meeting of shareholders of First Trust Exchange-Traded Fund VIII (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| James A. Bowen\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931952816 <br>5974259<br>|
| Thomas J. Driscoll\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931990349 <br>5936726<br>|
| Richard E. Erickson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931309705 <br>6617370<br>|
| Thomas R. Kadlec\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931262372 <br>6664703<br>|
| Denise M. Keefe\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932234496 <br>5692579<br>|
| Robert F. Keith\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931417790 <br>6509285<br>|
| Niel B. Nielson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931068296 <br>6858779<br>|
| Bronwyn Wright\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841558465 <br>96368610<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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.

At joint special meetings of shareholders of the Funds that were held on July 14, 2025, shareholders of record of each Fund as of April 9, 2025 voted to approve for the applicable Fund (1) a new investment sub-advisory agreement (the "New Sub-Advisory Agreement") among First Trust Exchange-Traded Fund VIII, on behalf of the applicable Fund, First Trust Advisors L.P., as investment advisor, and Smith Capital Investors, LLC, as investment sub-advisor, and (2) a "manager of managers" structure (the "Manager of Managers Structure"). Voting results for each Fund are set forth below.

<u>First Trust Smith Opportunistic Fixed Income ETF (FIXD)</u>: With respect to the New Sub-Advisory Agreement, there were 39,174,434 votes "for," 291,654 votes "against" and 1,446,483 abstentions. With respect to the Manager of Managers Structure, there were 38,901,561 votes "for," 575,022 votes "against" and 1,435,987 abstentions.

<u>First Trust Smith Unconstrained Bond ETF (UCON)</u>: With respect to the New Sub-Advisory Agreement, there were 51,191,766 votes "for," 420,337 votes "against" and 2,465,250 abstentions. With respect to the Manager of Managers Structure, there were 50,689,436 votes "for," 930,565 votes "against" and 2,457,352 abstentions.

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

**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.

**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 VIII 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 $3,234,127. This figure is comprised of $130,359 paid (or to be paid) in fixed compensation and $3,103,768 paid (or to be paid) in variable compensation. There were a total of 24 beneficiaries of the remuneration described above. Those amounts include $1,695,349 paid (or to be paid) to senior management of First Trust Advisors L.P. and $1,538,778 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").

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. to provide a clear link between remuneration and performance of First Trust and to avoid rewarding for failure;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. to promote sound and effective risk management consistent with the risk profiles of the funds managed by First Trust; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.

**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 VIII (the "Trust"), including the Independent Trustees, unanimously approved the Interim Investment Sub-Advisory Agreement (the "Interim Sub-Advisory Agreement") among the Trust, First Trust Advisors L.P. (the "Advisor") and Smith Capital Investors, LLC ("Smith Capital"), and the Investment Sub-Advisory Agreement (the "New Sub-Advisory Agreement" and together with the Interim Sub-Advisory Agreement, the "Agreements") among the Trust, the Advisor and Smith Capital, on behalf of the following series of the Trust (each, a "Fund" and collectively, the "Funds"):

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

First Trust TCW Unconstrained Plus Bond ETF (UCON)

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

The Board approved the Agreements for each Fund at a meeting held on March 9–10, 2025. The Board determined for each Fund that approval of the Agreements 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.

The Agreements were proposed to the Board in connection with the Advisor's recommendation to appoint Smith Capital as the new investment sub-advisor to each Fund. For each Fund, the Board noted that the New Sub-Advisory Agreement will be submitted to shareholders of the Fund for their approval, that the Advisor and Smith Capital will bear the costs associated with soliciting shareholder approval of the New Sub-Advisory Agreement and that the Interim Sub-Advisory Agreement would remain in effect until the earlier of 150 days from the appointment of Smith Capital as the Fund's investment sub-advisor or shareholder approval of the New Sub-Advisory Agreement.

To reach its determination in approving the Agreements 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. To assist the Board in its evaluation of the Agreements for each Fund, the Independent Trustees received a separate report from Smith Capital in advance of the Board meeting 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 to be provided by Smith Capital to each Fund (including the relevant personnel responsible for these services and their experience); the proposed sub-advisory fee rate for each Fund, including comparisons to fees charged to other clients of Smith Capital; the potential for Smith Capital to realize economies of scale, if any, in providing services to the Funds; financial data for Smith Capital; any indirect benefits to Smith Capital; and information on Smith Capital's compliance program. The Independent Trustees and their counsel also met separately to discuss the information provided by Smith Capital. The Board applied its business judgment to determine whether the Agreements are reasonable business arrangements from each Fund's perspective.

In evaluating whether to approve the Agreements for each Fund, the Board considered the nature, extent and quality of the services to be provided by Smith Capital under the Agreements. The Board reviewed the written materials provided by Smith Capital and considered the services that Smith Capital would provide to each Fund, including the day-to-day management of each Fund's investments. In addition to the written materials provided by Smith Capital, at the December 8–9, 2024 and March 9–10, 2025 meetings, the Board also received presentations from representatives of Smith Capital, who discussed the services that Smith Capital will provide to the Funds, and the Trustees were able to ask questions about Smith Capital's proposed management of each Fund's investments. The Board noted the background and experience of Smith Capital's portfolio management team and Smith Capital's investment style, including proposed changes to certain of each Fund's investment policies to conform with Smith Capital's investment style. The Board considered performance information provided by Smith Capital for portfolios it has historically managed that are similar to the Funds. 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 each Fund by Smith Capital under the Agreements are expected to be satisfactory.

The Board considered the proposed sub-advisory fee rate to be paid by the Advisor to Smith Capital from the Advisor's unitary fee. In this regard, the Board noted that the sub-advisory fee rate for each Fund would be equal to 50% of the Advisor's unitary fee rate less one-half of the Fund's expenses and that the sub-advisory fee rate would be reduced consistent with the breakpoints in the Advisor's unitary fee rate schedule. The Board noted that, for each Fund, the compensation to be received by Smith Capital under the Agreements would be no greater than the compensation the Fund's current sub-advisor would have received under the Fund's current sub-advisory agreement. In light of the information considered and the nature, extent and quality of the services expected to be provided to each Fund under the Agreements, the Board determined that, for each Fund, the proposed sub-advisory fee to be paid by the Advisor to Smith Capital from the unitary fee is fair and reasonable.

The Board considered whether there are any potential economies of scale to be achieved in connection with Smith Capital providing investment sub-advisory services to the Funds 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 Advisor's unitary fee rate would be reduced as assets of the Fund meet certain thresholds and that Smith Capital's sub-advisory fee would be reduced consistent with the breakpoints in the unitary fee rate schedule. The Board also considered Smith Capital's statement that as the Funds grow, transaction costs are spread over a larger volume of assets under management, resulting in savings to investors from economies of scale. The Board reviewed financial information provided by Smith Capital, but did not review any potential profitability of the Agreements for each Fund to Smith Capital. The Board considered that Smith Capital would be paid by the Advisor from each Fund's unitary fee and its

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

understanding that the sub-advisory fee rate for each Fund was the product of an arm's length negotiation. The Board concluded that the profitability analysis for the Advisor was more relevant. The Board also considered the potential indirect benefits that may be realized by Smith Capital from its relationship with the Funds, noting that Smith Capital did not identify any such indirect benefits and Smith Capital's statement that it does not utilize soft dollars.

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 are fair and reasonable and that the approval of the Agreements is in the best interests of each Fund. No single factor was determinative in the Board's analysis.

The Board of Trustees of First Trust Exchange-Traded Fund VIII (the "Trust"), including the Independent Trustees, unanimously approved the continuation of the Investment Management Agreement (the "Advisory Agreement") 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 Smith Opportunistic Fixed Income ETF (formerly, First Trust TCW Opportunistic Fixed Income ETF) (FIXD)

First Trust Smith Unconstrained Plus Bond ETF (formerly, First Trust TCW Unconstrained Plus Bond ETF) (UCON)

The Board approved the continuation of the Advisory 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 Advisory 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 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 Advisory Agreement, the Board had received sufficient information to renew the Advisory Agreement. 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.

The Board noted that, at a meeting held on March 9–10, 2025, it had approved, for each Fund, the termination of the Investment Sub-Advisory Agreement with the Fund's previous investment sub-advisor, which termination was effective on May 9, 2025, and the entry into a new Investment Sub-Advisory Agreement (the "New Sub-Advisory Agreement") among the Trust, the Advisor and Smith Capital Investors, LLC (the "Sub-Advisor"), subject to shareholder approval. Accordingly, the Board did not consider the renewal of any Investment Sub-Advisory Agreement for the Funds at the June 8–9, 2025 meeting.

In reviewing the Advisory Agreement for each Fund, the Board considered the nature, extent and quality of the services provided by the Advisor under the Advisory Agreement. The Board considered that the Advisor is responsible for the overall management and

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

administration of the Trust and each Fund and reviewed all of the services provided by the Advisor to the Funds, including the oversight of the Sub-Advisor, as well as the background and experience of the persons responsible for such services. The Board noted that the Advisor oversees the Sub-Advisor's day-to-day management of each Fund's investments, including portfolio risk monitoring and performance review. 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, the Sub-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 Advisory Agreement 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 Advisory 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 sub-advisory, transfer agency, custody, fund administration, legal, audit and other services and license fees, if any, but excluding the fee payment under the Advisory Agreement and interest, taxes, 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 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 each Fund was above the median total (net) expense ratio 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 actively-managed ETFs, and different business models that may affect the pricing of services among ETF sponsors. The Board also noted that not all peer funds employ an advisor/sub-advisor management structure. 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 information comparing each Fund's performance for one or more periods ended December 31, 2024 to the performance of the funds in its Performance Universe and to that of a benchmark index. The Board noted that at the March 9–10, 2025 meeting, it had approved, for each Fund, the termination of the Investment Sub-Advisory Agreement with the Fund's previous investment sub-advisor and the entry into the New Sub-Advisory Agreement with the Sub-Advisor, that the Sub-Advisor had assumed management of each Fund's investments on May 9, 2025, and that the performance information for each Fund represented the performance of the Fund's previous investment sub-advisor. Based on the information provided, the Board noted that FIXD underperformed its Performance Universe median and benchmark index for the one-, three- and five-year periods ended December 31, 2024, and that UCON underperformed its Performance Universe median and benchmark index for the one- and three-year periods ended December 31, 2024 and outperformed its Performance Universe median and benchmark index for the five-year period ended December 31, 2024.

On the basis of all the information provided on the unitary fee and performance of each Fund and the ongoing oversight by the Board, the Board concluded that the unitary fee for each Fund (out of which the Sub-Advisor is compensated) 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 Advisory Agreement.

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

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund VIII**

**August 31, 2025 (Unaudited)**

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 for the twelve months ended 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 same period. 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. 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 Advisory Agreement continue to be fair and reasonable and that the continuation of the Advisory Agreement is in the best interests of each Fund. No single factor was determinative in the Board's analysis.

**Federal Tax Information**

Distributions paid to foreign shareholders for the taxable year ended August 31, 2025 that were properly designated by each Fund as "interest-related dividends" or "short-term capital gain dividends," may not be subject to federal income tax provided that the income was earned directly by such foreign shareholders.

Of the ordinary income (including short-term capital gain) distribution made by each Fund during the fiscal year ended August 31, 2025, none qualify for the corporate dividends received deduction available to corporate shareholders or as qualified dividend income.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Annual Financial Statements and Other Information <br> For the Year Ended August 31, 2025

![](img6fb116101.gif)

<u>First Trust Exchange-Traded Fund VIII</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

First Trust Securitized Plus ETF (DEED) (formerly known as First <br> Trust TCW Securitized Plus ETF)<br>

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**Table of Contents** 

**First Trust Exchange-Traded Fund VIII**

**Annual Financial Statements and Other Information**

**August 31, 2025** 

---

| | |
|:---|:---|
| [Portfolio of Investments](#xx_c80e389e-f751-4fc2-816d-8006de657d8d_SOI-TOC-ScheduleofInvestments-4191_1) | 1 |
| [Statement of Assets and Liabilities](#xx_c80e389e-f751-4fc2-816d-8006de657d8d_SAL1-TOC-StatementofAssetsandLiabilities-4191_1) | 8 |
| [Statement of Operations](#xx_c80e389e-f751-4fc2-816d-8006de657d8d_SOP1-TOC-StatementofOperations-4191_1) | 9 |
| [Statements of Changes in Net Assets](#xx_c80e389e-f751-4fc2-816d-8006de657d8d_SOC1-TOC-StatementofChanges-4191_1) | 10 |
| [Financial Highlights](#xx_c80e389e-f751-4fc2-816d-8006de657d8d_FIHI-TOC-FinancialHighlights-4191_1) | 11 |
| [Notes to Financial Statements](#xx_c80e389e-f751-4fc2-816d-8006de657d8d_NTF-TOC-NotestoFinancialStatements-4191_1) | 12 |
| [Report of Independent Registered Public Accounting Firm](#xx_c80e389e-f751-4fc2-816d-8006de657d8d_AUD-TOC-RIRPAFirm-4191_1) | 22 |
| [Other Information](#xx_c80e389e-f751-4fc2-816d-8006de657d8d_AI-TOC-AdditionalInformation-4191_1) | 23 |

---

**Performance and Risk Disclosure**

There is no assurance that First Trust Securitized Plus 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.

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**First Trust Securitized Plus ETF (DEED)**

**Portfolio of Investments**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Coupon**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 49.4%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 49.4%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 49.4%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 49.4%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 49.4%** |
|  | **Collateralized Mortgage Obligations — 16.7%** | **Collateralized Mortgage Obligations — 16.7%** | **Collateralized Mortgage Obligations — 16.7%** |  |
|  | Federal Home Loan Mortgage Corporation |  |  |  |
| $404775 | Series 4292, Class PB | 3.50% | 01/15/44 | $358876 |
| 354467 | Series 4639, Class HZ | 3.25% | 04/15/53 | 291119 |
| 415000 | Series 4753, Class HL | 3.00% | 02/15/48 | 359150 |
| 438190 | Series 4765, Class PZ | 3.00% | 01/15/48 | 343924 |
| 925000 | Series 5210, Class LB | 3.00% | 08/25/50 | 715027 |
| 1079346 | Series 5435, Class BS, (30 Day Average SOFR) ×-2+ <br> 11.93% (a) | 3.23% | 07/25/54 | 1009151 |
| 488952 | Series 5502, Class FC, 30 Day Average SOFR + 2.00%, 6.00% <br> Cap (b) | 6.00% | 02/25/55 | 492673 |
|  | Federal Home Loan Mortgage Corporation Seasoned Loans <br> Structured Transaction Trust |  |  |  |
| 1250000 | Series 2025-1, Class A2 | 3.00% | 05/25/35 | 1059981 |
| 1365520 | Series 2025-1, Class YF, 30 Day Average SOFR + 1.10% (b) (c) | 5.45% | 05/25/35 | 1385396 |
|  | Federal National Mortgage Association |  |  |  |
| 71471 | Series 2006-56, Class FE, 30 Day Average SOFR + CSA + <br> 0.43% (b) | 4.89% | 07/25/36 | 71150 |
| 625000 | Series 2015-32, Class PB | 3.00% | 05/25/45 | 528772 |
| 995064 | Series 2022-66, Class CF, 30 Day Average SOFR + 0.80% (b) | 5.15% | 10/25/52 | 980422 |
| 400713 | Series 2024-73, Class FB, 30 Day Average SOFR + 1.20% (b) | 5.55% | 10/25/54 | 401227 |
| 1339503 | Series 2024-84, Class FD, 30 Day Average SOFR + 1.15% (b) | 5.50% | 11/25/54 | 1343762 |
|  | Government National Mortgage Association |  |  |  |
| 460000 | Series 2013-39, Class DP | 2.50% | 03/20/43 | 354699 |
| 287830 | Series 2015-39, Class ZA | 3.50% | 03/20/45 | 266381 |
| 426744 | Series 2015-103, Class ZA | 3.50% | 07/20/45 | 360952 |
| 314885 | Series 2017-38, Class Z | 4.00% | 03/20/47 | 276315 |
| 391310 | Series 2017-117, Class ZN | 3.00% | 08/20/47 | 314678 |
| 333032 | Series 2018-97, Class DZ | 3.50% | 07/20/48 | 296150 |
| 483595 | Series 2021-125, Class EL | 1.50% | 07/20/51 | 299738 |
| 365893 | Series 2023-18, Class AZ | 4.75% | 02/20/53 | 331102 |
| 235000 | Series 2023-81, Class AL | 4.50% | 08/20/40 | 232924 |
|  |  |  |  | 12073569 |
|  | **Commercial Mortgage-Backed Securities — 0.0%** | **Commercial Mortgage-Backed Securities — 0.0%** | **Commercial Mortgage-Backed Securities — 0.0%** |  |
|  | Federal Home Loan Mortgage Corporation Multifamily Structured <br> Pass-Through Certificates |  |  |  |
| 616690 | Series 2024-K732, Class X3, IO (d) (e) | 3.33% | 05/25/46 | 95 |
|  | FREMF Mortgage Trust |  |  |  |
| 3719638 | Series 2017-K726, Class X2B, IO (c) | 0.10% | 07/25/49 | 1970 |
|  |  |  |  | 2065 |
|  | **Pass-Through Securities — 32.7%** | **Pass-Through Securities — 32.7%** | **Pass-Through Securities — 32.7%** |  |
|  | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation |
| 40645 | Pool G08681  | 3.50% | 12/01/45 | 37844 |
| 21132 | Pool G08792  | 3.50% | 12/01/47 | 19497 |
| 74572 | Pool G60659  | 3.50% | 08/01/46 | 69310 |
| 88406 | Pool G61748  | 3.50% | 11/01/48 | 81876 |
| 102027 | Pool G67706  | 3.50% | 12/01/47 | 94613 |
| 132596 | Pool G67710  | 3.50% | 03/01/48 | 122425 |
| 834689 | Pool QC8921  | 2.50% | 10/01/51 | 702448 |
| 1301733 | Pool QD7088  | 2.00% | 02/01/52 | 1048732 |
| 210072 | Pool RA5286  | 2.50% | 05/01/51 | 174776 |

---

------

**First Trust Securitized Plus ETF (DEED)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** |
|  | **Pass-Through Securities (Continued)** | **Pass-Through Securities (Continued)** | **Pass-Through Securities (Continued)** |  |
|  | Federal Home Loan Mortgage Corporation (Continued) | Federal Home Loan Mortgage Corporation (Continued) | Federal Home Loan Mortgage Corporation (Continued) | Federal Home Loan Mortgage Corporation (Continued) |
| $260468 | Pool RA5552  | 3.00% | 07/01/51 | $227276 |
| 91566 | Pool SD0499  | 3.00% | 08/01/50 | 81190 |
| 849211 | Pool SD0956  | 2.50% | 04/01/52 | 714473 |
| 413574 | Pool SD1382  | 4.00% | 08/01/52 | 387205 |
| 83865 | Pool SD7502  | 3.50% | 07/01/49 | 76949 |
| 94380 | Pool SD7511  | 3.50% | 01/01/50 | 86859 |
| 58159 | Pool SD7513  | 3.50% | 04/01/50 | 53678 |
| 1418883 | Pool SL1390  | 4.00% | 07/01/50 | 1351528 |
| 1475037 | Pool SL1523  | 3.50% | 07/01/50 | 1350294 |
| 60070 | Pool ZM1779  | 3.00% | 09/01/46 | 53690 |
|  | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| 1526328 | Pool AL9394  | 3.00% | 11/01/46 | 1350598 |
| 21222 | Pool BE3619  | 4.00% | 05/01/47 | 20216 |
| 1417951 | Pool BM4963  | 3.00% | 05/01/48 | 1260400 |
| 257008 | Pool BQ1163  | 2.00% | 08/01/50 | 206308 |
| 513086 | Pool BQ1226  | 2.00% | 09/01/50 | 411550 |
| 616982 | Pool BU9074  | 2.00% | 01/01/52 | 495166 |
| 465585 | Pool BV4119  | 2.50% | 03/01/52 | 387038 |
| 213487 | Pool BV5358  | 2.50% | 04/01/52 | 178160 |
| 1083735 | Pool BV8477  | 3.00% | 05/01/52 | 947633 |
| 541036 | Pool BV9960  | 4.00% | 06/01/52 | 508689 |
| 42570 | Pool CA0995  | 3.50% | 01/01/48 | 38925 |
| 462001 | Pool CA5689  | 3.00% | 05/01/50 | 409655 |
| 993987 | Pool CB2411  | 2.50% | 12/01/51 | 835710 |
| 447755 | Pool CB2430  | 3.00% | 12/01/51 | 388957 |
| 728711 | Pool CB2610  | 2.00% | 01/01/52 | 584776 |
| 469283 | Pool CB2802  | 2.00% | 02/01/52 | 377759 |
| 919817 | Pool CB3486  | 3.50% | 05/01/52 | 834216 |
| 101297 | Pool CB4365  | 3.50% | 08/01/52 | 92095 |
| 1369476 | Pool FA1348  | 4.50% | 09/01/52 | 1362237 |
| 1330895 | Pool FA1641  | 4.50% | 09/01/50 | 1310685 |
| 1182342 | Pool FS0139  | 2.50% | 01/01/52 | 994569 |
| 340174 | Pool FS3160  | 3.00% | 06/01/52 | 298042 |
| 244009 | Pool FS3275  | 3.00% | 04/01/52 | 212054 |
| 830000 | Pool TBA (f) | 3.50% | 09/15/55 | 749919 |
| 830000 | Pool TBA (f) | 4.00% | 09/15/55 | 774625 |
| 952000 | Pool TBA (f) | 4.50% | 09/15/55 | 915769 |
| 318000 | Pool TBA (f) | 4.50% | 10/15/55 | 305599 |
|  | Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| 731585 | Pool MA7589  | 2.50% | 09/20/51 | 624348 |
|  |  |  |  | 23610361 |
|  | **Total U.S. Government Agency Mortgage-Backed Securities** | **Total U.S. Government Agency Mortgage-Backed Securities** | **Total U.S. Government Agency Mortgage-Backed Securities** | 35685995 |
|  | (Cost $36,481,706) | (Cost $36,481,706) | (Cost $36,481,706) |  |
| **MORTGAGE-BACKED SECURITIES — 31.0%** | **MORTGAGE-BACKED SECURITIES — 31.0%** | **MORTGAGE-BACKED SECURITIES — 31.0%** | **MORTGAGE-BACKED SECURITIES — 31.0%** | **MORTGAGE-BACKED SECURITIES — 31.0%** |
|  | **Collateralized Mortgage Obligations — 24.5%** | **Collateralized Mortgage Obligations — 24.5%** | **Collateralized Mortgage Obligations — 24.5%** |  |
|  | CIM Trust | CIM Trust | CIM Trust | CIM Trust |
| 450000 | Series 2023-R3, Class A1B (c) | 4.50% | 01/25/63 | 357554 |

---

------

**First Trust Securitized Plus ETF (DEED)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** |
|  | **Collateralized Mortgage Obligations (Continued)** | **Collateralized Mortgage Obligations (Continued)** | **Collateralized Mortgage Obligations (Continued)** |  |
|  | COLT Mortgage Loan Trust | COLT Mortgage Loan Trust | COLT Mortgage Loan Trust | COLT Mortgage Loan Trust |
| $1350000 | Series 2021-HX1, Class B3A (c) (d) | 4.16% | 10/25/66 | $1018657 |
|  | Credit Suisse Mortgage Trust | Credit Suisse Mortgage Trust | Credit Suisse Mortgage Trust | Credit Suisse Mortgage Trust |
| 980079 | Series 2021-RPL4, Class A1 (c) | 4.13% | 12/27/60 | 977824 |
|  | Easy Street Mortgage Loan Trust | Easy Street Mortgage Loan Trust | Easy Street Mortgage Loan Trust | Easy Street Mortgage Loan Trust |
| 1000000 | Series 2025-RTL1, Class A2, steps up to 9.30% on <br> 8/26/27 (c) (g) | 8.30% | 05/25/40 | 1008864 |
|  | Ellington Financial Mortgage Trust | Ellington Financial Mortgage Trust | Ellington Financial Mortgage Trust | Ellington Financial Mortgage Trust |
| 380000 | Series 2024-INV1, Class B2 (c) (d) | 7.50% | 03/25/69 | 377842 |
|  | FARM Mortgage Trust | FARM Mortgage Trust | FARM Mortgage Trust | FARM Mortgage Trust |
| 751453 | Series 2021-1, Class B (c) (d) | 3.23% | 07/25/51 | 584047 |
| 1178352 | Series 2025-1, Class B (c) | 5.63% | 08/01/55 | 1040124 |
|  | Federal Home Loan Mortgage Corporation Seasoned Credit Risk Transfer Trust | Federal Home Loan Mortgage Corporation Seasoned Credit Risk Transfer Trust | Federal Home Loan Mortgage Corporation Seasoned Credit Risk Transfer Trust | Federal Home Loan Mortgage Corporation Seasoned Credit Risk Transfer Trust |
| 1068212 | Series 2017-1, Class M2 (c) | 4.00% | 01/25/56 | 1033096 |
| 1196232 | Series 2017-3, Class M2 (c) | 4.75% | 07/25/56 | 1175922 |
| 1009083 | Series 2017-4, Class M (c) | 4.75% | 06/25/57 | 996458 |
|  | Legacy Mortgage Asset Trust | Legacy Mortgage Asset Trust | Legacy Mortgage Asset Trust | Legacy Mortgage Asset Trust |
| 331903 | Series 2021-GS5, Class A1, steps up to 6.25% on 11/25/25 (c) (g) | 5.25% | 07/25/67 | 332237 |
|  | LHOME Mortgage Trust | LHOME Mortgage Trust | LHOME Mortgage Trust | LHOME Mortgage Trust |
| 200000 | Series 2025-RTL3, Class M2 (c) | 8.73% | 08/25/40 | 201445 |
|  | Mill City Mortgage Loan Trust | Mill City Mortgage Loan Trust | Mill City Mortgage Loan Trust | Mill City Mortgage Loan Trust |
| 1350000 | Series 2019-GS2, Class B2 (c) (d) | 3.25% | 08/25/59 | 984886 |
|  | PRPM | PRPM | PRPM | PRPM |
| 1000000 | Series 2025-3, Class A2, steps up to 12.07% on 05/01/28 (c) (g) | 9.07% | 05/25/30 | 1010056 |
|  | PRPM LLC | PRPM LLC | PRPM LLC | PRPM LLC |
| 375000 | Series 2024-RCF2, Class M1, steps up to 4.75% on <br> 03/25/28 (c) (g) | 3.75% | 03/25/54 | 353775 |
| 1000000 | Series 2025-6, Class M1 (c) (h) | 10.56% | 08/25/28 | 987477 |
| 565000 | Series 2025-RCF4, Class M2, steps up to 5.50% on <br> 08/01/29 (c) (g) | 4.50% | 08/25/55 | 512336 |
| 1250000 | Series 2025-RPL4, Class M1A, steps up to 4.00% on <br> 05/01/29 (c) (g) | 3.00% | 05/25/55 | 1100182 |
|  | RALI Trust | RALI Trust | RALI Trust | RALI Trust |
| 998889 | Series 2007-QH4, Class A1, 1 Mo. CME Term SOFR + CSA + <br> 0.38% (b) | 4.82% | 05/25/37 | 930471 |
|  | Redwood Funding Trust | Redwood Funding Trust | Redwood Funding Trust | Redwood Funding Trust |
| 635000 | Series 2025-3, Class A (c) (h) | 6.23% | 12/27/56 | 634992 |
| 344000 | Series 2025-3, Class B (c) (h) | 7.75% | 12/27/56 | 343999 |
|  | Saluda Grade Alternative Mortgage Trust | Saluda Grade Alternative Mortgage Trust | Saluda Grade Alternative Mortgage Trust | Saluda Grade Alternative Mortgage Trust |
| 745000 | Series 2024-RTL4, Class A2, steps up to 8.50% on <br> 07/01/26 (c) (g) | 7.50% | 02/25/30 | 747100 |
|  | Towd Point Mortgage Trust | Towd Point Mortgage Trust | Towd Point Mortgage Trust | Towd Point Mortgage Trust |
| 1250000 | Series 2017-4, Class B4 (c) | 3.65% | 06/25/57 | 981143 |
|  |  |  |  | 17690487 |
|  | **Commercial Mortgage-Backed Securities — 6.5%** | **Commercial Mortgage-Backed Securities — 6.5%** | **Commercial Mortgage-Backed Securities — 6.5%** |  |
|  | Cali | Cali | Cali | Cali |
| 650000 | Series 2024-SUN, Class D, 1 Mo. CME Term SOFR + <br> 3.63% (b) (c) | 7.98% | 07/15/41 | 654703 |
|  | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust |
| 3780626 | Series 2016-P3, Class XA, IO (d) | 1.81% | 04/15/49 | 16938 |

---

------

**First Trust Securitized Plus ETF (DEED)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** |
|  | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** |  |
|  | COMM Mortgage Trust | COMM Mortgage Trust | COMM Mortgage Trust | COMM Mortgage Trust |
| $938014 | Series 2012-CR4, Class XA, IO (d) | 1.29% | 10/15/45 | $16360 |
| 170584 | Series 2014-UBS3, Class XA, IO (d) (e) | 0.77% | 06/10/47 | 8 |
| 11151000 | Series 2014-UBS3, Class XB, IO (c) (d) | 0.33% | 06/10/47 | 251 |
| 7000000 | Series 2015-LC21, Class XE, IO (c) (d) | 1.20% | 07/10/48 | 440 |
|  | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust |
| 1182877 | Series 2016-C5, Class XA, IO (d) (e) | 0.94% | 11/15/48 | 56 |
|  | Grace Trust | Grace Trust | Grace Trust | Grace Trust |
| 1000000 | Series 2020-GRCE, Class X, IO (c) (d) | 0.39% | 12/10/40 | 14027 |
|  | GS Mortgage Securities Trust | GS Mortgage Securities Trust | GS Mortgage Securities Trust | GS Mortgage Securities Trust |
| 658865 | Series 2011-GC5, Class XA, IO (d) (i) (j) | 0.08% | 08/10/44 | 454 |
| 605000 | Series 2024-FAIR, Class E (c) (d) | 9.45% | 07/15/29 | 626213 |
|  | Hilton U.S.A. Trust | Hilton U.S.A. Trust | Hilton U.S.A. Trust | Hilton U.S.A. Trust |
| 360000 | Series 2016-HHV, Class F (c) (d) | 4.33% | 11/05/38 | 348768 |
|  | Hudson Yards Mortgage Trust | Hudson Yards Mortgage Trust | Hudson Yards Mortgage Trust | Hudson Yards Mortgage Trust |
| 330000 | Series 2019-30HY, Class E (c) (d) | 3.56% | 07/10/39 | 297744 |
|  | JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust |
| 560997 | Series 2015-C32, Class XA, IO (d) (e) | 1.23% | 11/15/48 | 36 |
|  | JPMCC Commercial Mortgage Securities Trust | JPMCC Commercial Mortgage Securities Trust | JPMCC Commercial Mortgage Securities Trust | JPMCC Commercial Mortgage Securities Trust |
| 8771553 | Series 2017-JP5, Class XA, IO (d) | 0.91% | 03/15/50 | 82038 |
|  | JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust |
| 5179526 | Series 2016-C2, Class XA, IO (d) | 1.62% | 06/15/49 | 19225 |
|  | MSWF Commercial Mortgage Trust | MSWF Commercial Mortgage Trust | MSWF Commercial Mortgage Trust | MSWF Commercial Mortgage Trust |
| 9464249 | Series 2023-1, Class XA, IO (d) | 1.09% | 05/15/56 | 486272 |
|  | SFO Commercial Mortgage Trust | SFO Commercial Mortgage Trust | SFO Commercial Mortgage Trust | SFO Commercial Mortgage Trust |
| 500000 | Series 2021-555, Class A, 1 Mo. CME Term SOFR + CSA + <br> 1.15% (b) (c) | 5.63% | 05/15/38 | 496973 |
| 1000000 | Series 2021-555, Class D, 1 Mo. CME Term SOFR + CSA + <br> 2.40% (b) (c) | 6.88% | 05/15/38 | 991908 |
|  | SLG Office Trust | SLG Office Trust | SLG Office Trust | SLG Office Trust |
| 385000 | Series 2021-OVA, Class G (c) | 2.85% | 07/15/41 | 299218 |
|  | SMRT | SMRT | SMRT | SMRT |
| 105000000 | Series 2022-MINI, Class XCP, IO (d) (i) (j) | 0.00% | 01/15/39 | 10185 |
|  | TEXAS Commercial Mortgage Trust | TEXAS Commercial Mortgage Trust | TEXAS Commercial Mortgage Trust | TEXAS Commercial Mortgage Trust |
| 260000 | Series 2025-TWR, Class C, 1 Mo. CME Term SOFR + <br> 2.14% (b) (c) | 6.51% | 04/15/42 | 259902 |
|  | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust |
| 244074 | Series 2015-LC22, Class XA, IO (d) (e) | 0.81% | 09/15/58 | 8 |
| 3258767 | Series 2016-C33, Class XA, IO (d) | 1.70% | 03/15/59 | 7189 |
| 5823000 | Series 2016-C37, Class XEF, IO (c) (d) | 1.60% | 12/15/49 | 97106 |
|  | WFRBS Commercial Mortgage Trust | WFRBS Commercial Mortgage Trust | WFRBS Commercial Mortgage Trust | WFRBS Commercial Mortgage Trust |
| 102788 | Series 2014-C22, Class XA, IO (d) (e) | 0.39% | 09/15/57 | 15 |
|  |  |  |  | 4726037 |
|  | **Total Mortgage-Backed Securities** | **Total Mortgage-Backed Securities** | **Total Mortgage-Backed Securities** | 22416524 |
|  | (Cost $22,342,689) | (Cost $22,342,689) | (Cost $22,342,689) |  |
| **ASSET-BACKED SECURITIES — 20.3%** | **ASSET-BACKED SECURITIES — 20.3%** | **ASSET-BACKED SECURITIES — 20.3%** | **ASSET-BACKED SECURITIES — 20.3%** | **ASSET-BACKED SECURITIES — 20.3%** |
|  | BlueMountain CLO Ltd. | BlueMountain CLO Ltd. | BlueMountain CLO Ltd. | BlueMountain CLO Ltd. |
| 500000 | Series 2018-3A, Class A2R, 3 Mo. CME Term SOFR + <br> 1.60% (b) (c) | 5.92% | 10/25/30 | 503004 |

---

------

**First Trust Securitized Plus ETF (DEED)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** |
|  | CoreVest American Finance Trust | CoreVest American Finance Trust | CoreVest American Finance Trust | CoreVest American Finance Trust |
| $1590762 | Series 2021-2, Class XA, IO (c) (d) | 3.10% | 07/15/54 | $33661 |
|  | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust |
| 1000000 | Series 2025-2A, Class E (c) | 7.81% | 10/15/32 | 1049240 |
| 1000000 | Series 2025-3A, Class D | 5.57% | 10/15/31 | 1021203 |
|  | Flagship Credit Auto Trust | Flagship Credit Auto Trust | Flagship Credit Auto Trust | Flagship Credit Auto Trust |
| 500000 | Series 2024-1, Class E (c) | 8.60% | 05/15/31 | 517123 |
|  | Flatiron CLO Ltd. | Flatiron CLO Ltd. | Flatiron CLO Ltd. | Flatiron CLO Ltd. |
| 1000000 | Series 2025-32A, Class D2, 3 Mo. CME Term SOFR + <br> 4.10% (b) (c) | 8.42% | 10/22/38 | 1003527 |
|  | Gracie Point International Funding LLC | Gracie Point International Funding LLC | Gracie Point International Funding LLC | Gracie Point International Funding LLC |
| 1460000 | Series 2025-1A, Class D (b) (c) (h) (k) | 0.00% | 08/15/28 | 1460000 |
|  | Island Finance Trust | Island Finance Trust | Island Finance Trust | Island Finance Trust |
| 1000000 | Series 2025-1A, Class B (c) | 7.95% | 03/19/35 | 1034029 |
|  | J.G. Wentworth LLC | J.G. Wentworth LLC | J.G. Wentworth LLC | J.G. Wentworth LLC |
| 381319 | Series 2017-2A, Class B (c) | 5.09% | 09/17/74 | 346544 |
|  | Lmrk Issuer Co. 2 LLC | Lmrk Issuer Co. 2 LLC | Lmrk Issuer Co. 2 LLC | Lmrk Issuer Co. 2 LLC |
| 500000 | Series 2025-1A, Class C (c) | 8.12% | 09/15/55 | 504353 |
|  | Neuberger Berman Loan Advisers CLO Ltd. | Neuberger Berman Loan Advisers CLO Ltd. | Neuberger Berman Loan Advisers CLO Ltd. | Neuberger Berman Loan Advisers CLO Ltd. |
| 250000 | Series 2020-39A, Class ER, 3 Mo. CME Term SOFR + <br> 7.20% (b) (c) | 11.53% | 04/20/38 | 252205 |
|  | Octagon Investment Partners XVI Ltd. | Octagon Investment Partners XVI Ltd. | Octagon Investment Partners XVI Ltd. | Octagon Investment Partners XVI Ltd. |
| 350000 | Series 2013-1A, Class A2R, 3 Mo. CME Term SOFR + CSA + <br> 1.40% (b) (c) | 5.98% | 07/17/30 | 350339 |
|  | Pagaya AI Debt Grantor Trust | Pagaya AI Debt Grantor Trust | Pagaya AI Debt Grantor Trust | Pagaya AI Debt Grantor Trust |
| 999915 | Series 2024-10, Class E (c) | 10.41% | 06/15/32 | 1034517 |
| 999885 | Series 2024-11, Class E (c) | 10.33% | 07/15/32 | 1029344 |
|  | PRET LLC | PRET LLC | PRET LLC | PRET LLC |
| 289338 | Series 2022-RN1, Class A1, steps up to 7.72% on <br> 02/25/26 (c) (g) | 6.72% | 07/25/51 | 289706 |
| 1000000 | Series 2025-NPL6, Class A2, steps up to 12.72% on <br> 06/25/29 (c) (g) | 8.72% | 06/25/55 | 1012719 |
| 250000 | Series 2025-NPL9, Class A2, steps up to 11.51% on <br> 08/25/29 (c) (g) | 7.51% | 08/25/55 | 252188 |
|  | Research-Driven Pagaya Motor Asset Trust | Research-Driven Pagaya Motor Asset Trust | Research-Driven Pagaya Motor Asset Trust | Research-Driven Pagaya Motor Asset Trust |
| 1000000 | Series 2025-3A, Class E (c) | 11.09% | 02/27/34 | 1003621 |
|  | Saluda Grade Alternative Mortgage Trust | Saluda Grade Alternative Mortgage Trust | Saluda Grade Alternative Mortgage Trust | Saluda Grade Alternative Mortgage Trust |
| 982990 | Series 2025-NPL1, Class A1, steps up to 10.12% on <br> 12/01/27 (c) (g) | 7.12% | 01/25/30 | 985821 |
|  | VERTICAL BRIDGE CC LLC | VERTICAL BRIDGE CC LLC | VERTICAL BRIDGE CC LLC | VERTICAL BRIDGE CC LLC |
| 725000 | Series 2025-1A, Class C (c) | 7.45% | 08/16/55 | 725598 |
|  | Whitebox Clo Ltd. | Whitebox Clo Ltd. | Whitebox Clo Ltd. | Whitebox Clo Ltd. |
| 250000 | Series 2025-5A, Class D2, 3 Mo. CME Term SOFR + <br> 4.10% (b) (c) | 8.35% | 07/20/38 | 250859 |
|  | **Total Asset-Backed Securities** | **Total Asset-Backed Securities** | **Total Asset-Backed Securities** | 14659601 |
|  | (Cost $14,705,983) | (Cost $14,705,983) | (Cost $14,705,983) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**First Trust Securitized Plus ETF (DEED)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **EXCHANGE-TRADED FUNDS — 0.9%** | **EXCHANGE-TRADED FUNDS — 0.9%** | **EXCHANGE-TRADED FUNDS — 0.9%** |
|  | **Capital Markets — 0.9%** |  |
| 20000 | First Trust AAA CMBS ETF (l) | $410548 |
| 12000 | First Trust Structured Credit Income Opportunities ETF (l) | 250800 |
|  | **Total Exchange-Traded Funds** | 661348 |
|  | (Cost $651,437) |  |
| **MONEY MARKET FUNDS — 4.7%** | **MONEY MARKET FUNDS — 4.7%** | **MONEY MARKET FUNDS — 4.7%** |
| 3422100 | Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 4.13% (m) | 3422100 |
|  | (Cost $3,422,100) |  |
|  | **Total Investments — 106.3%** | 76845568 |
|  | (Cost $77,603,915) |  |
|  | **Net Other Assets and Liabilities — (6.3)%** | (4569577)<br>|
|  | **Net Assets — 100.0%** | $72275991 |

---

**Futures Contracts at August 31, 2025** (See Note 2C - Futures Contracts in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures Contracts Long** | **Number of** <br>**Contracts**<br>| **Expiration** <br>**Date**<br>| **Notional** <br>**Value**<br>| **Unrealized** <br>**Appreciation** <br>**(Depreciation)/** <br>**Value**<br>|
| U.S. 10-Year Treasury Notes | 49 | Dec-2025 | &nbsp;&nbsp; $5512500 | &nbsp;&nbsp; $28186 |
| U.S. 2-Year Treasury Notes | 16 | Dec-2025 | &nbsp;&nbsp; 3336625 | &nbsp;&nbsp; 4119 |
| U.S. 5-Year Treasury Notes | 29 | Dec-2025 | &nbsp;&nbsp; 3174594 | &nbsp;&nbsp; 12020 |
| Ultra 10-Year U.S. Treasury Notes | 51 | Dec-2025 | &nbsp;&nbsp; 5834719 | &nbsp;&nbsp; 24103 |
| Ultra U.S. Treasury Bond Futures | 13 | Dec-2025 | &nbsp;&nbsp; 1515312 | &nbsp;&nbsp; 3091 |
|  |  |  | &nbsp;&nbsp; $19373750 | &nbsp;&nbsp; $71519 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures Contracts Short** |  |  |  |  |
| Ultra U.S. Treasury Bond Futures | 12 | Dec-2025 | &nbsp;&nbsp; $(1371000)<br>| &nbsp;&nbsp; $378 |
|  |  | &nbsp;&nbsp; Total | &nbsp;&nbsp; $18002750 | &nbsp;&nbsp; $71897 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inverse
 floating rate security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Floating
 or variable rate security.

&nbsp;&nbsp;&nbsp;&nbsp;(c) This
 security, sold within the terms of a private placement memorandum, 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. Pursuant to procedures adopted by the Trust's Board of Trustees, this security
 has been determined to be liquid by First Trust Advisors L.P. (the "Advisor"). Although market instability can result in periods
 of increased overall market illiquidity, liquidity for each security is determined based on security specific factors and assumptions,
 which require subjective judgment. At August 31, 2025, securities noted as such amounted to $35,873,033 or 49.6% of
 net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Collateral
 Strip Rate security. Coupon is based on the weighted net interest rate of the investment's underlying collateral. The interest
 rate resets periodically.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Pursuant
 to procedures adopted by the Trust's Board of Trustees, this security has been determined to be illiquid by the Advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(f) All
 or a portion of this security is part of a mortgage dollar roll agreement (see Note 2H - Mortgage Dollar Rolls in the Notes to Financial
 Statements).

&nbsp;&nbsp;&nbsp;&nbsp;(g) Step-up
 security. A security where the coupon increases or steps up at a predetermined date.

&nbsp;&nbsp;&nbsp;&nbsp;(h) 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 August
 31, 2025, securities noted as such are valued at $3,426,468 or 4.7% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Restricted
 security as to resale, excluding Rule 144A securities (see Note 2J - Restricted Securities in the Notes to Financial Statements).

------

**First Trust Securitized Plus ETF (DEED)**

**Portfolio of Investments (Continued)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(j) This
 security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule
 144A of the 1933 Act, and may be resold in transactions exempt from registration, normally to qualified institutional buyers (see
 Note 2J - Restricted Securities in the Notes to Financial Statements).

&nbsp;&nbsp;&nbsp;&nbsp;(k) When-issued
 security. The interest rate shown reflects the rate in effect at August 31, 2025. Interest will begin accruing on the security's
 first settlement date.

&nbsp;&nbsp;&nbsp;&nbsp;(l) Investment
 in an affiliated fund.

&nbsp;&nbsp;&nbsp;&nbsp;(m) Rate
 shown reflects yield as of August 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| CME | – Chicago Mercantile Exchange |
| CSA | – Credit Spread Adjustment |
| IO | – Interest-Only Security - Principal amount shown represents par value on which interest payments are based |
| SOFR | – Secured Overnight Financing Rate |
| TBA | – To-Be-Announced Security |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of August 31, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**8/31/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| U.S. Government Agency Mortgage-Backed <br> Securities<br>| $35685995 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $35685995 | &nbsp;&nbsp; $— |
| Mortgage-Backed Securities | 22416524 | &nbsp;&nbsp; — | &nbsp;&nbsp; 22416524 | &nbsp;&nbsp; — |
| Asset-Backed Securities | 14659601 | &nbsp;&nbsp; — | &nbsp;&nbsp; 14659601 | &nbsp;&nbsp; — |
| Exchange-Traded Funds\* | 661348 | &nbsp;&nbsp; 661348 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Money Market Funds | 3422100 | &nbsp;&nbsp; 3422100 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | 76845568 | &nbsp;&nbsp; 4083448 | &nbsp;&nbsp; 72762120 | &nbsp;&nbsp; — |
| Futures Contracts\*\* | 71897 | &nbsp;&nbsp; 71897 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total | $76917465 | &nbsp;&nbsp; $4155345 | &nbsp;&nbsp; $72762120 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

\*\* Includes cumulative appreciation/depreciation on futures contracts as reported in the Futures Contracts table. Only the current day's variation margin is presented on the Statement of Assets and Liabilities. 

------

**First Trust Securitized Plus ETF (DEED)**

**Statement of Assets and Liabilities**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **ASSETS:** |  |
| Investments, at value - Unaffiliated | $76184220 |
| Investments, at value - Affiliated | 661348 |
| Total investments, at value | 76845568 |
| Cash segregated as collateral | 317755 |
| Receivables: |  |
| Investment securities sold | 1100164 |
| Interest | 334370 |
| Dividends | 7772 |
| Total Assets | 78605629 |
| **LIABILITIES:** |  |
| Payables: |  |
| Investment securities purchased | 6267177 |
| Investment advisory fees | 45852 |
| Variation margin | 16609 |
| Total Liabilities | 6329638 |
| **NET ASSETS** | $72275991 |
| **NET ASSETS consist of:** |  |
| Paid-in capital | $114088070 |
| Par value | 34000 |
| Accumulated distributable earnings (loss) | (41846079)<br>|
| **NET ASSETS** | $72275991 |
| **NET ASSET VALUE,** per share | $21.26 |
| Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per share) | 3400002 |
| Investments, at cost - Unaffiliated | $76952478 |
| Investments, at cost - Affiliated | $651437 |
| Total investments, at cost | $77603915 |

---

See Notes to Financial Statements

------

**First Trust Securitized Plus ETF (DEED)**

**Statement of Operations**

**For the Year Ended August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **INVESTMENT INCOME:** |  |
| Interest | $3794391 |
| Dividends - Unaffiliated | 111776 |
| Dividends - Affiliated | 13520 |
| Foreign withholding tax | (1074)<br>|
| Total investment income | 3918613 |
| **EXPENSES:** |  |
| Investment advisory fees | 541118<br>|
| Total expenses | 541118 |
| **NET INVESTMENT INCOME (LOSS)** | 3377495 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS):** |  |
| Net realized gain (loss) on: |  |
| Investments - Unaffiliated | (4613628)<br>|
| Investments sold short | 17275 |
| Futures contracts | (9591)<br>|
| Forward foreign currency contracts | (32179)<br>|
| Foreign currency transactions | (5334)<br>|
| Net realized gain (loss) | (4643457)<br>|
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments - Unaffiliated | 3878815 |
| Investments - Affiliated | 9911 |
| Futures contracts | 100203 |
| Forward foreign currency contracts | 32602 |
| Foreign currency translation | 216 |
| Net change in unrealized appreciation (depreciation) | 4021747 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** | (621710)<br>|
| **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $2755785 |

---

See Notes to Financial Statements

------

**First Trust Securitized Plus ETF (DEED)**

**Statements of Changes in Net Assets** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**8/31/2025** <br>| **Year** <br>**Ended** <br>**8/31/2024** <br>|
| **OPERATIONS:** |  |  |
| Net investment income (loss) | $3377495 | &nbsp;&nbsp; $4332260 |
| Net realized gain (loss) | (4643457)<br>| &nbsp;&nbsp; (4122084)<br>|
| Net change in unrealized appreciation (depreciation) | 4021747 | &nbsp;&nbsp; 5374552 |
| Net increase (decrease) in net assets resulting from operations | 2755785 | &nbsp;&nbsp; 5584728 |
| **DISTRIBUTIONS TO SHAREHOLDERS FROM:** |  |  |
| Investment operations | (3333752)<br>| &nbsp;&nbsp; (3552285)<br>|
| Return of capital |  | &nbsp;&nbsp; (414467)<br>|
| Total distributions to shareholders | (3333752)<br>| &nbsp;&nbsp; (3966752)<br>|
| **SHAREHOLDER TRANSACTIONS:** |  |  |
| Proceeds from shares sold | 10520582<br>| &nbsp;&nbsp; 15499391<br>|
| Cost of shares redeemed | (10485764) <br>| &nbsp;&nbsp; (22595957) <br>|
| Net increase (decrease) in net assets resulting from shareholder transactions | 34818 | &nbsp;&nbsp; (7096566)<br>|
| Total increase (decrease) in net assets | (543149)<br>| &nbsp;&nbsp; (5478590)<br>|
| **NET ASSETS:** |  |  |
| Beginning of period | 72819140 | &nbsp;&nbsp; 78297730 |
| End of period | $72275991 | &nbsp;&nbsp; $72819140 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |
| Shares outstanding, beginning of period | 3400002 | &nbsp;&nbsp; 3750002 |
| Shares sold | 500000 | &nbsp;&nbsp; 750000 |
| Shares redeemed | (500000)<br>| &nbsp;&nbsp; (1100000)<br>|
| Shares outstanding, end of period | 3400002 | &nbsp;&nbsp; 3400002 |

---

See Notes to Financial Statements

------

**First Trust Securitized Plus ETF (DEED)**

**Financial Highlights**

**For a share outstanding throughout each period**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  | **Year Ended August 31,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $21.42 | &nbsp;&nbsp;&nbsp;&nbsp; $20.88 | &nbsp;&nbsp;&nbsp;&nbsp; $22.76 | &nbsp;&nbsp;&nbsp;&nbsp; $26.01 | &nbsp;&nbsp;&nbsp;&nbsp; $25.88 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 0.98<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.32<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.16<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.28<br>|
| Net realized and unrealized gain (loss) | (0.17) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.44<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.98) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.28) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.47<br>|
| Total from investment operations | 0.81<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.76<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.79) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (0.97) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.09) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.89) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.39) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.29) <br>|
| Net realized gain | —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.07) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.33) <br>|
| Return of capital | —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.13) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.17) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Total distributions | (0.97) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.22) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.06) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.46) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.62) <br>|
| Net asset value, end of period | $21.26<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.42<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.88<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.76<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.01<br>|
| **Total return** (b) | 3.92<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.83<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.62)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (10.87)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.93<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $72276<br>| &nbsp;&nbsp;&nbsp;&nbsp; $72819<br>| &nbsp;&nbsp;&nbsp;&nbsp; $78298<br>| &nbsp;&nbsp;&nbsp;&nbsp; $185507<br>| &nbsp;&nbsp;&nbsp;&nbsp; $227544<br>|
| Ratio of total expenses to average net assets | 0.75<br> % (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % <br>|
| Ratio of net expenses to average net assets | 0.75<br> % (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.71<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>|
| Ratio of net investment income (loss) to average net assets | 4.68<br> % (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.42<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.35<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.98<br> % <br>|
| Portfolio turnover rate (d) | 178<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 408<br> % (e)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 405<br> % (e)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 678<br> % (e)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 678<br> % (e)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(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 and expenses reimbursed by the investment advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(e) The
 portfolio turnover rate not including mortgage dollar rolls was 130%, 93%, 272%, and 299% for the periods ending August 31, 2024, August
 31, 2023, August 31, 2022, and August 31, 2021, respectively.

See Notes to Financial Statements

------

**Notes to Financial Statements**

**First Trust Securitized Plus ETF (DEED)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization**

First Trust Exchange-Traded Fund VIII (the "Trust") is an open-end management investment company organized as a Massachusetts business trust on February 22, 2016, 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 Securitized Plus ETF (the "Fund"), a diversified series of the Trust, which trades under the ticker "DEED" on NYSE Arca, Inc.. 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 is an actively managed exchange-traded fund. The Fund's investment objective is to seek to maximize long-term total return. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (including investment borrowings) in securitized debt securities.

**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:

Corporate bonds, corporate notes, U.S. government securities, mortgage-backed securities, asset-backed securities, and other debt securities are fair valued on the basis of valuations provided by dealers who make markets in such securities or by a third-party pricing service approved by the Advisor's Pricing Committee, which may use the following valuation inputs when available:

1)

benchmark yields;

2)

reported trades;

3)

broker/dealer quotes;

4)

issuer spreads;

5)

benchmark securities;

6)

bids and offers; and

7)

reference data including market research publications.

Pricing services generally value fixed-income securities assuming orderly transactions of an institutional round lot size, but a Fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots may trade at lower prices than institutional round lots.

------

**Notes to Financial Statements (Continued)**

**First Trust Securitized Plus ETF (DEED)**

**August 31, 2025**

Shares of open-end funds are valued based on NAV per share.

Exchange-traded futures contracts are valued at the end of the day settlement price.

Equity securities traded in an over-the-counter market are valued at the close price or the last trade price.

Forward foreign currency contracts are valued at the current day's interpolated foreign exchange rate, as calculated using the current day's spot rate, and the thirty, sixty, ninety, and one-hundred eighty day forward rates provided by a third-party pricing service.

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.

ETFs 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.

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 (the "1933 Act")) 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 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 most recent price provided by a pricing service;

2)

available market prices for the fixed-income security;

3)

the fundamental business data relating to the borrower/issuer;

4)

an evaluation of the forces which influence the market in which these securities are purchased and sold;

5)

the type, size and cost of a security;

6)

the financial statements of the borrower/issuer or the financial condition of the country of issue;

7)

the credit quality and cash flow of the borrower/issuer, or country of issue, based on the Pricing Committee's, sub-advisor's or portfolio manager's analysis, as applicable, or external analysis;

8)

the information as to any transactions in or offers for the security;

9)

the price and extent of public trading in similar securities of the borrower/issuer, or comparable companies;

10)

the coupon payments;

11)

the quality, value and salability of collateral, if any, securing the security;

12)

the business prospects of the borrower/issuer, including any ability to obtain money or resources from a parent or affiliate and an assessment of the borrower's/issuer's management (for corporate debt only);

------

**Notes to Financial Statements (Continued)**

**First Trust Securitized Plus ETF (DEED)**

**August 31, 2025**

13)

the prospects for the borrower's/issuer's industry, and multiples (of earnings and/or cash flows) being paid for similar businesses in that industry (for corporate debt only);

14)

the borrower's/issuer's competitive position within the industry;

15)

the borrower's/issuer's ability to access additional liquidity through public and/or private markets; and

16)

other relevant factors.

Because foreign markets may be open on different days than the days during which investors may transact in the shares of the 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.

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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 August 31, 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 is recorded daily on the accrual basis. Amortization of premiums and accretion of discounts are recorded using the effective interest method.

Withholding taxes and tax reclaims on foreign dividends have been provided for in accordance with the Fund's understanding of the applicable country's tax rules and rates.

Securities purchased or sold on a when-issued, delayed-delivery or forward purchase commitment basis may have extended settlement periods. The value of the security so purchased is subject to market fluctuations during this period. The Fund maintains liquid assets with a current value at least equal to the amount of its when-issued, delayed-delivery or forward purchase commitments until payment is made. At August 31, 2025, the Fund had $1,460,000 of when-issued or delayed-delivery securities. At August 31, 2025, the Fund held $1,263,273 of forward purchase commitments.

**C. Futures Contracts**

The Fund may purchase or sell (i.e., is long or short) exchange-listed futures contracts to hedge against changes in interest rates (interest rate risk). Futures contracts are agreements between the Fund and a counterparty to buy or sell a specific quantity of an underlying instrument at a specified price and at a specified date. Depending on the terms of the contract, futures contracts are settled either through physical delivery of the underlying instrument on the settlement date or by payment of a cash settlement amount on the settlement date. Open futures contracts can also be closed out prior to settlement by entering into an offsetting transaction in a matching futures contract. If the Fund is not able to enter into an offsetting transaction, the Fund will continue to be required to maintain margin deposits on the futures contract. When the contract is closed or expires, the Fund records a realized gain or loss equal

------

**Notes to Financial Statements (Continued)**

**First Trust Securitized Plus ETF (DEED)**

**August 31, 2025**

to the difference between the value of the contract at the time it was opened and the value at the time it was closed or expired. This gain or loss is included in "Net realized gain (loss) on futures contracts" on the Statement of Operations.

Upon entering into a futures contract, the Fund must deposit funds, called margin, with its custodian in the name of the clearing broker equal to a specified percentage of the current value of the contract. Open futures contracts are marked-to-market daily with the change in value recognized as a component of "Net change in unrealized appreciation (depreciation) on futures contracts" on the Statement of Operations. Pursuant to the contract, the Fund agrees to receive from or pay to the broker an amount of cash equal to the daily fluctuation in value of the contract. Such receipts or payments are known as variation margin and are included in "Variation margin" payable or receivable on the Statement of Assets and Liabilities.

If market conditions change unexpectedly, the Fund may not achieve the anticipated benefits of the futures contract and may realize a loss. The use of futures contracts involves the risk of imperfect correlation in movements in the price of the futures contracts, interest rates and the underlying instruments.

**D. Forward Foreign Currency Contracts**

The Fund is subject to foreign currency risk in the normal course of pursuing its investment objective. Forward foreign currency contracts are agreements between two parties ("Counterparties") to exchange one currency for another at a future date and at a specified price. The Fund uses forward foreign currency contracts to facilitate transactions in foreign securities and to manage the Fund's foreign currency exposure. These contracts are valued daily, and the Fund's net equity therein, representing unrealized gain or loss on the contracts as measured by the difference between the forward foreign exchange rates at the dates of entry into the contracts and the forward rates at the reporting date, is included in "Unrealized appreciation on forward foreign currency contracts" and "Unrealized depreciation on forward foreign currency contracts" on the Statements of Assets and Liabilities. The change in unrealized appreciation/(depreciation) is included in "Net change in unrealized appreciation (depreciation) on forward foreign currency contracts" on the Statements of Operations. When the forward contract is closed, the Fund records a realized gain or loss equal to the difference between the proceeds from (or the cost of) the closing transaction and the Fund's basis in the contract. This realized gain or loss is included in "Net realized gain (loss) on forward foreign currency contracts" on the Statements of Operations. Risks arise from the possible inability of Counterparties to meet the terms of their contracts and from movement in currency and securities values and interest rates. Due to the risks, the Fund could incur losses in excess of the net unrealized value shown on the Forward Foreign Currency Contracts table in the Fund's Portfolio of Investments. In the event of default by the Counterparty, the Fund will provide notice to the Counterparty of the Fund's intent to convert the currency held by the Fund into the currency that the Counterparty agreed to exchange with the Fund. If a Counterparty becomes bankrupt or otherwise fails to perform its obligations due to financial difficulties, the Fund may experience significant delays in obtaining any recovery in a bankruptcy or other reorganization proceeding. The Fund may obtain only limited recovery or may obtain no recovery in such circumstances. The Fund did not hold any forward foreign currency contracts at August 31, 2025.

**E. 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 Statement 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.

For financial reporting purposes, the Fund does not offset financial assets and financial liabilities that are subject to master netting arrangements ("MNAs") or similar agreements on the Statement 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.

The Fund does not have the right to offset financial assets and financial liabilities related to forward foreign currency contracts on the Statement of Assets and Liabilities.

**F. Foreign Currency**

The books and records of the Fund 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

------

**Notes to Financial Statements (Continued)**

**First Trust Securitized Plus ETF (DEED)**

**August 31, 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 Statement 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 Statement 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 Statement 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 Statement of Operations.

**G. Interest-Only Securities**

An interest-only security ("IO Security") is the interest-only portion of a mortgage-backed security that receives some or all of the interest portion of the underlying mortgage-backed security and little or no principal. A reference principal value called a notional value is used to calculate the amount of interest due to the IO Security. IO Securities are sold at a deep discount to their notional principal amount. Generally speaking, when interest rates are falling and prepayment rates are increasing, the value of an IO Security will fall. Conversely, when interest rates are rising and prepayment rates are decreasing, generally the value of an IO Security will rise. These securities, if any, are identified on the Portfolio of Investments.

**H. Mortgage Dollar Rolls**

The Fund may invest, without limitation, in mortgage dollar rolls. The Fund intends to enter into mortgage dollar rolls only with high quality securities dealers and banks, as determined by the Fund's investment advisor. In a mortgage dollar roll, the Fund will sell (or buy) mortgage-backed securities for delivery on a specified date and simultaneously contract to repurchase (or sell) substantially similar (same type, coupon and maturity) securities on a future date. Mortgage dollar rolls are recorded as separate purchases and sales in the Fund.

**I. Affiliated Transactions**

The Fund invests in securities of affiliated funds. The 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 Statement of Operations.

Amounts relating to investments in affiliated funds at August 31, 2025, and for the fiscal year then ended are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Shares at <br>8/31/2025<br>| Value at <br>8/31/2024<br>| Purchases | Sales | Change in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Realized <br>Gain <br>(Loss)<br>| Value at <br>8/31/2025<br>| Dividend <br>Income<br>|
| First Trust AAA CMBS ETF | 20000 | $— | $406605 | $— | $3943 | $— | $410548 | $8000 |
| First Trust Structured Credit Income <br> Opportunities ETF<br>| 12000 |  | 244832 |  | 5968 |  | 250800 | 5520 |
|  |  | $— | $651437 | $— | $9911 | $— | $661348 | $13520 |

---

**J. Restricted Securities**

The Fund invests in restricted securities, which are securities that may not be offered for public sale without first being registered under the 1933 Act. Prior to registration, restricted securities may only be resold in transactions exempt from registration under Rule 144A under the 1933 Act, normally to qualified institutional buyers. As of August 31, 2025, the Fund held restricted securities as shown in the following table that the Advisor has deemed illiquid pursuant to procedures adopted by the Trust's Board of Trustees. Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined based on security-specific factors and assumptions, which require subjective judgment. The Fund does not have the right to demand that such securities be registered. These securities are valued according to the valuation procedures as stated in the Portfolio Valuation note (Note 2A) and are not expressed as a discount to the carrying value of a comparable unrestricted security. There are no unrestricted securities with the same maturity dates and yields for these issuers.

------

**Notes to Financial Statements (Continued)**

**First Trust Securitized Plus ETF (DEED)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Security | Acquisition <br>Date<br>| Principal <br>Value<br>| Current <br>Price<br>| Carrying <br>Cost<br>| Value | % of <br>Net Assets<br>|
| GS Mortgage Securities Trust, <br> Series 2011-GC5, Class XA, IO, <br> 0.08%, 08/10/44<br>| 05/19/20 | &nbsp;&nbsp; $658865 | &nbsp;&nbsp; $0.00<br> \*<br>| &nbsp;&nbsp; $0 | &nbsp;&nbsp; $454 | 0.00<br> %\*\*<br>|
| SMRT, Series 2022-MINI, <br> Class XCP, IO, 0.00%, 01/15/39<br>| 01/24/22 | &nbsp;&nbsp; 105000000 | 0.00<br> \*<br>| &nbsp;&nbsp; 0 | &nbsp;&nbsp; 10185 | 0.01<br> \*\*<br>|
|  |  |  |  | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $10639 | 0.01<br> %<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Amount is less than $0.01.

\*\* Amount is less than 0.01%.

**K. Dividends and Distributions to Shareholders**

Dividends from net investment income of the Fund, if any, are declared and paid monthly, 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 in cash may be reinvested automatically in additional whole shares only if the broker through whom the shares were purchased makes such option available. Such shares will generally be reinvested by the broker based upon the market price of those shares and investors may be subject to customary brokerage commissions charged by the broker.

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 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.

The tax character of distributions paid during the fiscal years ended August 31, 2025 and 2024 was as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Distributions paid from: | 2025 | 2024 |
| Ordinary income | $3333752 | &nbsp;&nbsp; $3552285 |
| Capital gains |  | &nbsp;&nbsp; — |
| Return of capital |  | &nbsp;&nbsp; 414467 |

---

As of August 31, 2025, the components of distributable earnings on a tax basis for the Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Undistributed ordinary income | $(27468)<br>|
| Accumulated capital and other gain (loss) | (41691653)<br>|
| Net unrealized appreciation (depreciation) | (126958)<br>|

---

**L. Income Taxes**

The 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, 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 years ended 2022, 2023, 2024 and 2025 remain open to federal and state audit. As of August 31, 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

------

**Notes to Financial Statements (Continued)**

**First Trust Securitized Plus ETF (DEED)**

**August 31, 2025**

when there has been a 50% change in ownership. At August 31, 2025, for federal income tax purposes, the Fund had $41,691,653 of non-expiring capital loss carryforwards available, 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 the Fund's shareholders.

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 August 31, 2025, the Fund incurred and elected to defer net late year ordinary or capital losses as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Qualified Late Year Losses | Qualified Late Year Losses |
| Ordinary Losses | Capital Losses |
| $27468 | &nbsp;&nbsp; $— |

---

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 Statement 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 Fund. The results of operations and net assets were not affected by these adjustments. For the fiscal year ended August 31, 2025, the adjustments for the Fund were as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Accumulated <br>Net Investment <br>Income (Loss)<br>| Accumulated <br>Net Realized <br>Gain (Loss) <br>on Investments<br>| Paid-In <br>Capital<br>|
| $(1664583)<br>| &nbsp;&nbsp; $1664583 | &nbsp;&nbsp; $— |

---

As of August 31, 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| Tax Cost | Gross <br> Unrealized <br>Appreciation<br>| Gross <br> Unrealized <br>(Depreciation)<br>| Net Unrealized <br>Appreciation <br>(Depreciation)<br>|
| $77044423 | &nbsp;&nbsp; $720650 | &nbsp;&nbsp; $(847608)<br>| &nbsp;&nbsp; $(126958)<br>|

---

**M. Expenses**

Expenses, other than the investment advisory fee and other excluded expenses, are paid by the Advisor (see Note 3).

**N. 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 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,

------

**Notes to Financial Statements (Continued)**

**First Trust Securitized Plus ETF (DEED)**

**August 31, 2025**

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, license fees 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Breakpoints |  |
| Fund net assets up to and including $2.5 billion | 0.75000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.73125<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.71250<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.69375<br> %<br>|
| Fund net assets greater than $10 billion | 0.67500<br> %<br>|

---

Prior to May 10, 2025, TCW Investment Management Company LLC served as the Fund's sub-advisor and managed the Fund's portfolio subject to First Trust's supervision. TCW received a sub-advisory fee equal to 50% of any remaining monthly unitary management fee paid to the Advisor after the average Fund's expenses accrued during the most recent twelve months are subtracted from the unitary management fee for that month. During any period in which the Advisor's management fee was reduced in accordance with the breakpoints described below, the investment sub-advisory fee (which is based on the Advisor's management fee) paid to TCW was reduced to reflect the reduction in the Advisor's management fee. 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** 

The costs of purchases of U.S. Government securities and non-U.S. Government securities, excluding short-term investments and investments sold short, for the fiscal year ended August 31, 2025, were $84,586,384 and $40,056,698, respectively. The proceeds from sales and paydowns of U.S. Government securities and non-U.S. Government securities, excluding short-term investments and investments sold short, for the fiscal year ended August 31, 2025 were $87,525,073 and $33,799,608, respectively. The cost of purchases to cover short sales and the proceeds from short sales were $2,542,622 and $2,542,622, respectively.

For the fiscal year ended August 31, 2025, the Fund had no in-kind transactions.

------

**Notes to Financial Statements (Continued)**

**First Trust Securitized Plus ETF (DEED)**

**August 31, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**5. Derivative Transactions** 

The following table presents the types of derivatives held by the Fund at August 31, 2025, the primary underlying risk exposure and the location of these instruments as presented on the Statement of Assets and Liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Asset Derivatives** | **Asset Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| **Derivative** <br>**Instrument**<br>| **Risk** <br>**Exposure**<br>| **Statement of Assets and** <br>**Liabilities Location**<br>| **Value** | **Statement of Assets and** <br>**Liabilities Location**<br>| **Value** |
| Futures contracts | Interest Rate Risk | &nbsp;&nbsp; Unrealized appreciation on <br> futures contracts\*<br>| &nbsp;&nbsp; $71897 | &nbsp;&nbsp; Unrealized depreciation on <br> futures contracts\*<br>| &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Includes cumulative appreciation/depreciation on futures contracts as reported in the Fund's Portfolio of Investments. Only the current day's variation margin is presented on the Statement of Assets and Liabilities.

The following table presents the amount of net realized gain (loss) and change in net unrealized appreciation (depreciation) recognized for the fiscal year ended August 31, 2025, on derivative instruments, as well as the primary underlying risk exposure associated with the instruments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Statement of Operations Location** | **Statement of Operations Location** |
| **Currency Risk Exposure** |  |
| Net realized gain (loss) on forward foreign <br> currency contracts<br>| $(32179)<br>|
| Net change in unrealized appreciation <br> (depreciation) on forward foreign currency <br> contracts<br>| 32602 |
| **Interest Rate Risk Exposure** |  |
| Net realized gain (loss) on futures contracts | (9591)<br>|
| Net change in unrealized appreciation <br> (depreciation) on futures contracts<br>| 100203 |

---

The average notional value of forward foreign currency contracts during the fiscal year ended August 31, 2025, which is indicative of the volume of this derivative type, was $928,604.

The average notional value of futures contracts outstanding during the fiscal year ended August 31, 2025, which is indicative of the volume of this derivative type, was $19,753,687.

**6. 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

------

**Notes to Financial Statements (Continued)**

**First Trust Securitized Plus ETF (DEED)**

**August 31, 2025**

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.

**7. 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 December 31, 2026.

**8. 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.

**9. 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.

------

**Report of Independent Registered Public Accounting Firm**

**To the Shareholders and the Board of Trustees of First Trust Exchange-Traded Fund VIII:**

**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 Securitized Plus ETF (formerly known as First Trust TCW Securitized Plus ETF) (the "Fund"), one of the funds constituting the First Trust Exchange-Traded Fund VIII, as of August 31, 2025, the related statement of operations for the year then ended, statements of changes in net assets for each of the two years in the period then ended, financial highlights for each of the five years in the period then ended, 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 August 31, 2025, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, 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 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 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 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 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 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 Fund's 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 August 31, 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

October 23, 2025

We have served as the auditor of one or more First Trust investment companies since 2001.

------

**Other Information**

**First Trust Securitized Plus ETF (DEED)**

**August 31, 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 year ended August 31, 2025.

**Proxy Disclosures (Item 9 of Form N-CSR)**

At a special meeting of shareholders of First Trust Exchange-Traded Fund VIII (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| James A. Bowen\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931952816 <br>5974259<br>|
| Thomas J. Driscoll\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931990349 <br>5936726<br>|
| Richard E. Erickson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931309705 <br>6617370<br>|
| Thomas R. Kadlec\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931262372 <br>6664703<br>|
| Denise M. Keefe\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932234496 <br>5692579<br>|
| Robert F. Keith\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931417790 <br>6509285<br>|
| Niel B. Nielson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931068296 <br>6858779<br>|
| Bronwyn Wright\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841558465 <br>96368610<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* 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.

**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 funds it manages, including First Trust Securitized Plus ETF (the "Fund"), 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.

------

**Other Information (Continued)**

**First Trust Securitized Plus ETF (DEED)**

**August 31, 2025 (Unaudited)**

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 Fund is $28,606. This figure is comprised of $1,153 paid (or to be paid) in fixed compensation and $27,453 paid (or to be paid) in variable compensation. There were a total of 24 beneficiaries of the remuneration described above. Those amounts include $14,995 paid (or to be paid) to senior management of First Trust Advisors L.P. and $13,611 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 Fund (collectively, "Code Staff").

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. to provide a clear link between remuneration and performance of First Trust and to avoid rewarding for failure;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. to promote sound and effective risk management consistent with the risk profiles of the funds managed by First Trust; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 Fund.

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.

**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 VIII (the "Trust"), including the Independent Trustees, unanimously approved the continuation of the Investment Management Agreement (the "Agreement") with First Trust Advisors L.P. (the "Advisor") on behalf of First Trust Securitized Plus ETF (the "Fund") for a one-year period ending June 30, 2026 at a meeting held on June 8–9, 2025. The Board determined 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, 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 the Fund (including the relevant personnel responsible for these services and their experience); the 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 clients of the Advisor, including other exchange-traded funds ("ETFs") managed by the Advisor; the expense ratio of the Fund as compared to expense ratios of the funds in the Fund's Expense Group and Expense Universe; performance information for the Fund, including comparisons of the 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 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, and First Trust Portfolios L.P. ("FTP"); and information on the Advisor's compliance program. The Board reviewed initial materials

------

**Other Information (Continued)**

**First Trust Securitized Plus ETF (DEED)**

**August 31, 2025 (Unaudited)**

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 the Fund's perspective. The Board determined that, given the totality of the information provided with respect to the Agreement, the Board had received sufficient information to renew the Agreement. The Board considered that shareholders chose to invest or remain invested in the Fund knowing that the Advisor manages the Fund and knowing the Fund's unitary fee.

In reviewing the Agreement, 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 the Fund and reviewed all of the services provided by the Advisor to the Fund, as well as the background and experience of the persons responsible for such services. The Board noted that the Fund is an actively-managed ETF and noted that the Advisor's Government & Securitized Products Group is responsible for the day-to-day management of the Fund's investments. The Board considered the background and experience of the members of the Government & Securitized Products Group and noted the Board's prior meetings with members of the Group. The Board considered the Advisor's statement that it applies the same oversight model internally with its Government & Securitized Products Group as it uses for overseeing external sub-advisors, including portfolio risk monitoring and performance review. 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 the Fund's compliance with the 1940 Act, as well as the 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 Fund. 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 Fund 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 the Fund by the Advisor under the Agreement have been and are expected to remain satisfactory and that the Advisor has managed the Fund consistent with its investment objective, policies and restrictions.

The Board considered the unitary fee rate schedule payable by the Fund under the Agreement for the services provided. The Board considered that as part of the unitary fee the Advisor is 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, 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 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 the 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 the Fund was above the median total (net) expense ratio of the peer funds in its Expense Group. With respect to the Expense Group, the Board discussed with the Advisor limitations in creating peer groups for actively-managed 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 Fund 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 the Fund and the other funds in the First Trust Fund Complex.

The Board considered performance information for the Fund. The Board noted the process it has established for monitoring the Fund's performance and portfolio risk on an ongoing basis, which includes quarterly performance reporting from the Advisor for the Fund. The Board determined that this process continues to be effective for reviewing the Fund's performance. The Board received and reviewed information comparing the Fund's performance for periods ended December 31, 2024 to the performance of the funds in its Performance Universe and to that of a benchmark index. The Board noted that, at its March 9–10, 2025 meeting, it had approved the termination of the Investment Sub-Advisory Agreement with the Fund's previous investment sub-advisor, that the Advisor had assumed management of the Fund's investments on May 9, 2025, and that the performance information for the Fund represented the performance of the Fund's previous investment sub-advisor. Based on the information provided, the Board noted that the Fund

------

**Other Information (Continued)**

**First Trust Securitized Plus ETF (DEED)**

**August 31, 2025 (Unaudited)**

outperformed its Performance Universe median and benchmark index for the one-year period ended December 31, 2024 and underperformed its Performance Universe median and benchmark index for the three-year period ended December 31, 2024.

On the basis of all the information provided on the unitary fee and performance of the Fund and the ongoing oversight by the Board, the Board concluded that the unitary fee continues to be reasonable and appropriate in light of the nature, extent and quality of the services provided by the Advisor to the Fund under the Agreement.

The Board considered information and discussed with the Advisor whether there were any economies of scale in connection with providing advisory services to the Fund at current asset levels and whether the Fund may benefit from any economies of scale. The Board noted that the unitary fee rate schedule for the 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 Fund 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 Fund 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 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 current asset levels. The Board considered the revenues and allocated costs (including the allocation methodology) of the Advisor in serving as investment advisor to the Fund for the twelve months ended December 31, 2024 and the estimated profitability level for the Fund calculated by the Advisor based on such data, as well as complex-wide and product-line profitability data, for the same period. The Board noted the inherent limitations in the profitability analysis and concluded that, based on the information provided, the Advisor's 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. 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 Agreement continue to be fair and reasonable and that the continuation of the Agreement is in the best interests of the Fund. No single factor was determinative in the Board's analysis.

**Federal Tax Information**

Distributions paid to foreign shareholders for the taxable year ended August 31, 2025 that were properly designated by the Fund as "interest-related dividends" or "short-term capital gain dividends," may not be subject to federal income tax provided that the income was earned directly by such foreign shareholders.

Of the ordinary income (including short-term capital gain) distribution made by the Fund during the fiscal year ended August 31, 2025, none qualify for the corporate dividends received deduction available to corporate shareholders or as qualified dividend income.

------

(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.](ethics.htm)

(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.](certs_302.htm)

(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.](certs_906.htm)

**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 VIII

---

| | |
|:---|:---|
| By (Signature and Title)\* | &nbsp;&nbsp;&nbsp;/s/ James M. Dykas |
|  | &nbsp;&nbsp;&nbsp;James M. Dykas, President and Chief Executive Officer<br> (principal executive officer) |

---

Date: <u>November 10, 2025</u>

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)\* | &nbsp;&nbsp;&nbsp;/s/ James M. Dykas |
|  | &nbsp;&nbsp;&nbsp;James M. Dykas, President and Chief Executive Officer<br> (principal executive officer) |

---

Date: <u>November 10, 2025</u>

---

| | |
|:---|:---|
| By (Signature and Title)\* | &nbsp;&nbsp;&nbsp;/s/ Derek D. Maltbie |
|  | &nbsp;&nbsp;&nbsp;Derek D. Maltbie, Treasurer, Chief Financial Officer <br> and Chief Accounting Officer<br> (principal financial officer) |

---

Date: <u>November 10, 2025</u>

<sup>\*</sup> Print the name and title of each signing officer under his or her signature.

## Ex-99.Code

#### SENIOR FINANCIAL OFFICER<br> CODE OF CONDUCT
I. Introduction

This code of conduct is being adopted by the investment companies advised by First Trust Advisors L.P., from time to time, (the "FUNDS"). The reputation and integrity of the Funds are valuable assets that are vital to the Funds' success. Each officer of the Funds, and officers and employees of the investment adviser to the Funds who work on Fund matters, including each of the Funds' senior financial officers ("SFOS"), is responsible for conducting each Fund's business in a manner that demonstrates a commitment to the highest standards of integrity. SFOs include the Principal Executive Officer (who is the President), the Controller (who is the principal accounting officer), and the Treasurer (who is the principal financial officer), and any person who performs a similar function.

The Funds, First Trust Advisors L.P. and First Trust Portfolios have adopted Codes of Ethics under Rule 17j-1 under the Investment Company Act of 1940 (the "RULE 17J-1 CODE"). These Codes of Ethics are designed to prevent certain conflicts of interest that may arise when officers, employees, or directors of the Funds and the foregoing entities know about present or future Fund transactions and/or have the power to influence those transactions, and engage in transactions with respect to those same securities in their personal account(s) or otherwise take advantage of their position and knowledge with respect to those securities. In an effort to prevent these conflicts and in accordance with Rule 17j-1, the Funds adopted their Rule 17j-1 Code to prohibit transactions and conduct that create conflicts of interest, and to establish compliance procedures.

The Sarbanes-Oxley Act of 2002 was designed to address corporate malfeasance and to help assure investors that the companies in which they invest are accurately and completely disclosing financial information. Under Section 406 of the Act, all public companies (including the Funds) must either have a code of ethics for their SFOs, or disclose why they do not. The Act was intended to prevent future situations (such as occurred in well-reported situations involving such companies as Enron and WorldCom) where a company creates an environment in which employees are afraid to express their opinions or to question unethical and potentially illegal business practices.

The Funds have chosen to adopt a senior financial officer Code of Conduct to encourage their SFOs, and other Fund officers and employees of First Trust Advisors or First Trust Portfolios to act ethically and to question potentially unethical or illegal practices, and to strive to ensure that the Funds' financial disclosures are complete, accurate, and understandable.

II. Purposes of This Code of Conduct

The purposes of this Code are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. To promote honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. To promote full, fair, accurate, timely, and understandable disclosure in reports and documents that the Funds file with, or submits to, the SEC and in other public communications the Funds make;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. To promote compliance with applicable governmental laws, rules and regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. To encourage the prompt internal reporting to an appropriate person of violations of the Code; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. To establish accountability for adherence to the Code.

III. Questions About This Code

The Funds' Boards of Trustees have designated W. Scott Jardine or other appropriate officer designated by the President of the respective Funds to be the Compliance Coordinator for the implementation and administration of the Code.

IV. Handling of Financial Information

The Funds have adopted guidelines under which its SFOs perform their duties. However, the Funds expect that all officers or employees of the adviser or distributor who participate in the preparation of any part of any Fund's financial statements follow these guidelines with respect to each Fund:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Act with honesty and integrity and avoid violations of this Code, including actual or apparent conflicts of interest with the Fund in personal and professional relationships.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Disclose to the Fund's Compliance Coordinator any material transaction or relationship that reasonably could be expected to give rise to any violations of the Code, including actual or apparent conflicts of interest with the Fund. You should disclose these transactions or relationships whether you are involved or have only observed the transaction or relationship. If it is not possible to disclose the matter to the Compliance Coordinator, it should be disclosed to the Fund's Principal Financial Officer or Principal Executive Officer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Provide information to the Fund's other officers and appropriate employees of service providers (adviser, administrator, outside auditor, outside counsel, custodian, etc.) that is accurate, complete, objective, relevant, timely, and understandable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Endeavor to ensure full, fair, timely, accurate, and understandable disclosure in the Fund's periodic reports.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Comply with the federal securities laws and other applicable laws and rules, such as the Internal Revenue Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. Act in good faith, responsibly, and with due care, competence and diligence, without misrepresenting material facts or allowing your independent judgment to be subordinated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. Respect the confidentiality of information acquired in the course of your work except when you have Fund approval to disclose it or where disclosure is otherwise legally mandated. You may not use confidential information acquired in the course of your work for personal advantage.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. Share and maintain skills important and relevant to the Fund's needs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. Proactively promote ethical behavior among peers in your work environment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J. Responsibly use and control all assets and resources employed or entrusted to you.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K. Record or participate in the recording of entries in the Fund's books and records that are accurate to the best of your knowledge.

V. Waivers of This Code

SFOs and other parties subject to this Code may request a waiver of a provision of this Code (or certain provisions of the Fund's Rule 17j-1 Code) by submitting their request in writing to the Compliance Coordinator for appropriate review. An executive officer of the Fund or the Audit Committee will decide whether to grant a waiver. All waivers of this Code must be disclosed to the Fund's shareholders to the extent required by SEC rules. A good faith interpretation of the provisions of this Code, however, shall not constitute a waiver.

VI. Annual Certification

Each SFO will be asked to certify on an annual basis that he/she is in full compliance with the Code and any related policy statements.

VII. Reporting Suspected Violations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. SFOs or other officers of the Funds or employees of the First Trust group who work on Fund matters who observe, learn of, or, in good faith, suspect a violation of the Code MUST immediately report the violation to the Compliance Coordinator, another member of the Funds' or First Trust's senior management, or to the Audit Committee of the Fund Board. An example of a possible Code violation is the preparation and filing of financial disclosure that omits material facts, or that is accurate but is written in a way that obscures its meaning.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Because service providers such as an administrator, outside accounting firm, and custodian provide much of the work relating to the Funds' financial statements, you should be alert for actions by service providers that may be illegal, or that could be viewed as dishonest or unethical conduct. You should report these actions to the Compliance Coordinator even if you know, or think, that the service provider has its own code of ethics for its SFOs or employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. SFOs or other officers or employees who report violations or suspected violations in good faith will not be subject to retaliation of any kind. Reported violations will be investigated and addressed promptly and will be treated confidentially to the extent possible.

VIII. Violations of The Code

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Dishonest, unethical or illegal conduct will constitute a violation of this Code, regardless of whether this Code specifically refers to that particular conduct. A violation of this Code may result in disciplinary action, up to and including termination of employment. A variety of laws apply to the Funds and their operations, including the Securities Act of 1933, the Investment Company Act of 1940, state laws relating to duties owed by Fund directors and officers, and criminal laws. The federal securities laws generally prohibit the Funds from making material misstatements in its prospectus and other documents filed with the SEC, or from omitting to state a material fact. These material misstatements and omissions include financial statements that are misleading or omit materials facts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Examples of criminal violations of the law include stealing, embezzling, misapplying corporate or bank funds, making a payment for an expressed purpose on a Fund's behalf to an individual who intends to use it for a different purpose; or making payments, whether corporate or personal, of cash or other items of value that are intended to influence the judgment or actions of political candidates, government officials or businesses in connection with any of the Funds' activities. The Funds must and will report all suspected criminal violations to the appropriate authorities for possible prosecution, and will investigate, address and report, as appropriate, non-criminal violations.

Amended: June 1, 2009

## Ex-99.Cert

**Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 <br> of the Sarbanes-Oxley Act**

I, James M. Dykas, certify that:

1. I have reviewed this report on Form N-CSR of First Trust Exchange-Traded Fund VIII;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the
financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this
report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial
reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting 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; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors
and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | November 10, 2025 | /s/ James M. Dykas |
|  |  | James M. Dykas, President and Chief Executive Officer<br> (principal executive officer) |

---

**Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 <br> of the Sarbanes-Oxley Act**

I, Derek D. Maltbie, certify that:

1. I have reviewed this report on Form N-CSR of First Trust Exchange-Traded Fund VIII;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the
financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this
report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial
reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting 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; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors
and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | November 10, 2025 | /s/ Derek D. Maltbie |
|  |  | Derek D. Maltbie, Treasurer, Chief Financial Officer <br> and Chief Accounting Officer<br> (principal financial officer) |

---

## Exhibit 99.906

**Certification Pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 <br> of the Sarbanes-Oxley Act**

I, James M. Dykas, President and Chief Executive Officer of First Trust Exchange-Traded Fund VIII (the "Registrant"), certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Form N-CSR of the Registrant (the "Report") fully complies with the requirements of Section
13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition
and results of operations of the Registrant.

---

| | | |
|:---|:---|:---|
| Date: | November 10, 2025 | /s/ James M. Dykas |
|  |  | James M. Dykas, President and Chief Executive Officer<br> (principal executive officer) |

---

I, Derek D. Maltbe, Treasurer, Chief Financial Officer and Chief Accounting Officer of First Trust Exchange-Traded Fund VIII (the "Registrant"), certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Form N-CSR of the Registrant (the "Report") fully complies with the requirements of Section
13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition
and results of operations of the Registrant.

---

| | | |
|:---|:---|:---|
| Date: | November 10, 2025 | /s/ Derek D. Maltbie |
|  |  | Derek D. Maltbie, Treasurer, Chief Financial Officer <br> and Chief Accounting Officer<br> (principal financial officer) |

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