# EDGAR Filing Document

**Accession Number:** 0001364608
**File Stem:** 0000940400-26-007634
**Filing Date:** 2026-2
**Character Count:** 269250
**Document Hash:** ae6a54dca99dba722ea8f1cf50fa86dd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007634.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000940400-26-007634

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST EXCHANGE-TRADED FUND II
- **CENTRAL INDEX KEY:** 0001364608

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21944
- **FILM NUMBER:** 26676254

**BUSINESS ADDRESS:**
- **STREET 1:** 12O EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 12O EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

## Series and Classes Contracts Data

### First Trust Alerian Disruptive Technology Real Estate ETF (Series ID: S000018785)

| Class ID   | Class Name                                                | Ticker Symbol   |
|:---|:---|:---|
| C000051967 | First Trust Alerian Disruptive Technology Real Estate ETF | DTRE            |

## Nport-Ex

**First Trust STOXX**<sup>®</sup> **European Select Dividend Index Fund (FDD)**

**Portfolio of Investments**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.7%** | **COMMON STOCKS (a) (b) — 99.7%** | **COMMON STOCKS (a) (b) — 99.7%** |
|  | **Belgium — 2.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244589 | Ageas S.A./N.V. (EUR) | $17188951 |
|  | **Denmark — 7.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230092 | AL Sydbank (DKK) | 20635567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12409 | &nbsp;&nbsp;&nbsp; AP Moller - Maersk A/S, <br> Class A (DKK) | 28583663 |
|  |  | 49219230 |
|  | **France — 12.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205676 | BNP Paribas S.A. (EUR) | 19527763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 934133 | Credit Agricole S.A. (EUR) | 19266246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1261439 | Orange S.A. (EUR) | 21050667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 675804 | Rubis S.C.A. (EUR) | 25462178 |
|  |  | 85306854 |
|  | **Germany — 11.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30230 | Allianz SE (EUR) | 13873002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223809 | &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG <br> (Preference Shares) (EUR) | 24066332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272109 | &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG <br> (EUR) | 19209312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182534 | &nbsp;&nbsp;&nbsp; Volkswagen AG (Preference <br> Shares) (EUR) | 22212894 |
|  |  | 79361540 |
|  | **Italy — 6.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 968039 | &nbsp;&nbsp;&nbsp; Poste Italiane S.p.A. <br> (EUR) (c) (d) | 24436466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3086027 | Snam S.p.A. (EUR) | 20512585 |
|  |  | 44949051 |
|  | **Netherlands — 19.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1018910 | &nbsp;&nbsp;&nbsp; ABN AMRO Bank N.V. <br> (EUR) (c) (d) | 35671190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 307412 | ASR Nederland N.V. (EUR) | 21900197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 880989 | ING Groep N.V. (EUR) | 24858442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374324 | NN Group N.V. (EUR) | 28919358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 939568 | Signify N.V. (EUR) (c) (d) | 23143592 |
|  |  | 134492779 |
|  | **Norway — 4.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1358810 | Aker BP ASA (NOK) | 34630783 |
|  | **Poland — 3.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1033669 | ORLEN S.A. (PLN) | 27672960 |
|  | **Spain — 2.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 526145 | Endesa S.A. (EUR) | 18939291 |
|  | **Switzerland — 3.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94921 | Holcim AG (CHF) | 9318340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15016 | &nbsp;&nbsp;&nbsp; Zurich Insurance Group AG <br> (CHF) | 11408444 |
|  |  | 20726784 |
|  | **United Kingdom — 26.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1693731 | HSBC Holdings PLC (GBP) | 26798515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1340867 | IG Group Holdings PLC (GBP) | 23767508 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United Kingdom (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3547008 | Investec PLC (GBP) | $26368163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9029251 | &nbsp;&nbsp;&nbsp; Legal & General Group PLC <br> (GBP) | 31875677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2665135 | NatWest Group PLC (GBP) | 23415625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 362351 | Rio Tinto PLC (GBP) | 29276449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 19350263 | Taylor Wimpey PLC (GBP) | 28039323 |
|  |  | 189541260 |
|  | **Total Common Stocks** | 702029483 |
|  | (Cost $568,989,074) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750015 | &nbsp;&nbsp;&nbsp; Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.64% (e) | 750015 |
|  | (Cost $750,015) |  |
|  | **Total Investments — 99.8%** | 702779498 |
|  | (Cost $569,739,089) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.2%** | 1244898 |
|  | **Net Assets — 100.0%** | $704024396 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&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 December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| CHF | – Swiss Franc |
| DKK | – Danish Krone |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| NOK | – Norwegian Krone |
| PLN | – Polish Zloty |
| USD | – United States Dollar |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**First Trust STOXX**<sup>®</sup> **European Select Dividend Index Fund (FDD)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Financials | &nbsp;&nbsp; 52.6% |
| Consumer Discretionary | &nbsp;&nbsp; 13.3 |
| Utilities | &nbsp;&nbsp;&nbsp; 9.2 |
| Energy | &nbsp;&nbsp;&nbsp; 8.9 |
| Industrials | &nbsp;&nbsp;&nbsp; 7.4 |
| Materials | &nbsp;&nbsp;&nbsp; 5.5 |
| Communication Services | &nbsp;&nbsp;&nbsp; 3.0 |
| Money Market Funds | &nbsp;&nbsp;&nbsp; 0.1 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| EUR | &nbsp;&nbsp; 54.1% |
| GBP | &nbsp;&nbsp; 27.0 |
| DKK | &nbsp;&nbsp;&nbsp; 7.0 |
| NOK | &nbsp;&nbsp;&nbsp; 4.9 |
| PLN | &nbsp;&nbsp;&nbsp; 3.9 |
| CHF | &nbsp;&nbsp;&nbsp; 3.0 |
| USD | &nbsp;&nbsp;&nbsp; 0.1 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of December 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**12/31/2025**<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\* | $702029483 | &nbsp;&nbsp; $702029483 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Money Market Funds | 750015 | &nbsp;&nbsp; 750015 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $702779498 | &nbsp;&nbsp; $702779498 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for country breakout.

------

**First Trust Alerian Disruptive Technology Real Estate ETF (DTRE)**

**Portfolio of Investments**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.1%** | **COMMON STOCKS (a) (b) — 99.1%** | **COMMON STOCKS (a) (b) — 99.1%** |
|  | **Belgium — 1.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9082 | &nbsp;&nbsp;&nbsp; Warehouses De Pauw C.V.A. <br> (EUR) | $236090 |
|  | **Japan — 8.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312 | &nbsp;&nbsp;&nbsp; Daiwa House REIT Investment <br> Corp. (JPY) | 285230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295 | GLP J-REIT (JPY) | 280423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223 | &nbsp;&nbsp;&nbsp; Industrial & Infrastructure Fund <br> Investment Corp. (JPY) | 219527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350 | &nbsp;&nbsp;&nbsp; Mitsui Fudosan Logistics Park, <br> Inc. (JPY) | 272823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 392 | &nbsp;&nbsp;&nbsp; Nippon Prologis REIT, Inc. <br> (JPY) | 232487 |
|  |  | 1290490 |
|  | **Singapore — 8.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 313264 | &nbsp;&nbsp;&nbsp; Frasers Logistics & Commercial <br> Trust (SGD) (c) | 242491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201300 | Keppel DC REIT (SGD) | 352361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215600 | Mapletree Industrial Trust (SGD) | 348878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400677 | Mapletree Logistics Trust (SGD) | 411462 |
|  |  | 1355192 |
|  | **United Kingdom — 7.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132258 | &nbsp;&nbsp;&nbsp; LondonMetric Property PLC <br> (GBP) | 338190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59897 | Segro PLC (GBP) | 581636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92048 | &nbsp;&nbsp;&nbsp; Tritax Big Box REIT PLC <br> (GBP) | 188843 |
|  |  | 1108669 |
|  | **United States — 73.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5443 | American Tower Corp. | 955628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51012 | Americold Realty Trust, Inc. | 656014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10440 | Crown Castle, Inc. | 927803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5757 | Digital Realty Trust, Inc. | 890665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4007 | EastGroup Properties, Inc. | 713807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1248 | Equinix, Inc. | 956168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13327 | First Industrial Realty Trust, Inc. | 763237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15241 | LXP Industrial Trust | 755649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20562 | Plymouth Industrial REIT, Inc. | 449897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8814 | Prologis, Inc. | 1125195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17917 | Rexford Industrial Realty, Inc. | 693746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5380 | SBA Communications Corp. | 1040653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18764 | STAG Industrial, Inc. | 689765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11874 | Terreno Realty Corp. | 697123 |
|  |  | 11315350 |
|  | **Total Common Stocks** | 15305791 |
|  | (Cost $15,117,904) |  |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55564 | &nbsp;&nbsp;&nbsp; Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.64% (d) | $55564 |
|  | (Cost $55,564) |  |
|  | **Total Investments — 99.5%** | 15361355 |
|  | (Cost $15,173,468) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.5%** | 79893 |
|  | **Net Assets — 100.0%** | $15441248 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(c) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Rate shown reflects yield as of December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| JPY | – Japanese Yen |
| SGD | – Singapore Dollar |
| USD | – United States Dollar |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Real Estate | &nbsp;&nbsp; 99.6% |
| Money Market Funds | &nbsp;&nbsp;&nbsp; 0.4 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| USD | &nbsp;&nbsp; 74.0% |
| SGD | &nbsp;&nbsp;&nbsp; 8.8 |
| JPY | &nbsp;&nbsp;&nbsp; 8.4 |
| GBP | &nbsp;&nbsp;&nbsp; 7.2 |
| EUR | &nbsp;&nbsp;&nbsp; 1.6 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**First Trust Alerian Disruptive Technology Real Estate ETF (DTRE)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of December 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**12/31/2025**<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\* | $15305791 | &nbsp;&nbsp; $15305791 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Money Market Funds | 55564 | &nbsp;&nbsp; 55564 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $15361355 | &nbsp;&nbsp; $15361355 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for country breakout.

------

**First Trust Dow Jones Global Select Dividend Index Fund (FGD)**

**Portfolio of Investments**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.5%** | **COMMON STOCKS (a) (b) — 99.5%** | **COMMON STOCKS (a) (b) — 99.5%** |
|  | **Australia — 3.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1471556 | Bank of Queensland Ltd. (AUD) | $6412758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 880699 | Fortescue Ltd. (AUD) | 12936071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1592667 | &nbsp;&nbsp;&nbsp; Harvey Norman Holdings Ltd. <br> (AUD) | 7376312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 668886 | Super Retail Group Ltd. (AUD) | 7155508 |
|  |  | 33880649 |
|  | **Austria — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193724 | OMV AG (EUR) | 10818602 |
|  | **Belgium — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131982 | Ageas S.A./N.V. (EUR) | 9275283 |
|  | **Bermuda — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841776 | &nbsp;&nbsp;&nbsp; CK Infrastructure Holdings Ltd. <br> (HKD) | 6230010 |
|  | **Canada — 11.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144626 | &nbsp;&nbsp;&nbsp; Bank of Nova Scotia (The) <br> (CAD) | 10666635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 587851 | BCE, Inc. (CAD) | 14022252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91730 | &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of <br> Commerce (CAD) | 8315882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 257741 | &nbsp;&nbsp;&nbsp; Canadian Utilities Ltd., Class A <br> (CAD) | 8023950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148811 | Great-West Lifeco, Inc. (CAD) | 7338907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191393 | IGM Financial, Inc. (CAD) | 8618995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 557530 | &nbsp;&nbsp;&nbsp; Labrador Iron Ore Royalty Corp. <br> (CAD) | 12133198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 439825 | &nbsp;&nbsp;&nbsp; Laurentian Bank of Canada <br> (CAD) | 12913881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 883551 | &nbsp;&nbsp;&nbsp; Peyto Exploration & <br> Development Corp. (CAD) | 14619098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159434 | Power Corp. of Canada (CAD) | 8473797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136685 | TC Energy Corp. (CAD) | 7526613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 561862 | TELUS Corp. (CAD) | 7405256 |
|  |  | 120058464 |
|  | **Cayman Islands — 2.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6541038 | &nbsp;&nbsp;&nbsp; Chow Tai Fook Jewellery <br> Group, Ltd. (HKD) | 10413283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1224455 | &nbsp;&nbsp;&nbsp; CK Hutchison Holdings Ltd. <br> (HKD) | 8330643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3970704 | &nbsp;&nbsp;&nbsp; Stella International Holdings <br> Ltd. (HKD) | 7632535 |
|  |  | 26376461 |
|  | **Denmark — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6332 | &nbsp;&nbsp;&nbsp; AP Moller - Maersk A/S, <br> Class A (DKK) | 14585523 |
|  | **Finland — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 448300 | Fortum Oyj (EUR) | 9577979 |
|  | **France — 2.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 602498 | Carrefour S.A. (EUR) | 10075620 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **France (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109149 | TotalEnergies SE (EUR) | $7130627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254392 | Verallia S.A. (EUR) (c) (d) | 6870126 |
|  |  | 24076373 |
|  | **Germany — 5.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94677 | BASF SE (EUR) | 4943472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111195 | &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG <br> (Preference Shares) (EUR) | 11956873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191866 | Freenet AG (EUR) | 6615602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135525 | &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG <br> (EUR) | 9567276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201983 | &nbsp;&nbsp;&nbsp; Porsche Automobil Holding SE <br> (Preference Shares) (EUR) | 9475816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95850 | &nbsp;&nbsp;&nbsp; Volkswagen AG (Preference <br> Shares) (EUR) | 11664161 |
|  |  | 54223200 |
|  | **Guernsey — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8486879 | Sirius Real Estate Ltd. (GBP) | 11016572 |
|  | **Hong Kong — 6.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1979140 | &nbsp;&nbsp;&nbsp; BOC Hong Kong Holdings Ltd. <br> (HKD) | 10024503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 546967 | Hang Seng Bank Ltd. (HKD) | 10787957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3648625 | &nbsp;&nbsp;&nbsp; Henderson Land Development <br> Co., Ltd. (HKD) | 13192377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15653166 | PCCW Ltd. (HKD) | 10860896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8618766 | Sino Land Co., Ltd. (HKD) | 11317896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4128028 | Swire Properties Ltd. (HKD) | 11128018 |
|  |  | 67311647 |
|  | **Italy — 4.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2297315 | A2A S.p.A. (EUR) | 6236541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 583725 | Eni S.p.A. (EUR) | 11071924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1342021 | Italgas S.p.A. (EUR) | 15006499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 422737 | &nbsp;&nbsp;&nbsp; Poste Italiane S.p.A. <br> (EUR) (c) (d) | 10671262 |
|  |  | 42986226 |
|  | **Japan — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 239070 | Japan Tobacco, Inc. (JPY) | 8607985 |
|  | **Luxembourg — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240792 | APERAM S.A. (EUR) | 9972160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1813723 | &nbsp;&nbsp;&nbsp; B&M European Value Retail <br> S.A. (GBP) | 4126820 |
|  |  | 14098980 |
|  | **Netherlands — 2.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140947 | ASR Nederland N.V. (EUR) | 10041140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108488 | &nbsp;&nbsp;&nbsp; LyondellBasell Industries N.V., <br> Class A | 4697531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167180 | NN Group N.V. (EUR) | 12915918 |
|  |  | 27654589 |
|  | **New Zealand — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11960729 | Spark New Zealand Ltd. (NZD) | 15701013 |

---

------

**First Trust Dow Jones Global Select Dividend Index Fund (FGD)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Norway — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330852 | DNB Bank ASA (NOK) | $9239567 |
|  | **Singapore — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 928921 | &nbsp;&nbsp;&nbsp; BOC Aviation Ltd. <br> (HKD) (c) (d) | 8689202 |
|  | **South Korea — 16.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 918393 | &nbsp;&nbsp;&nbsp; BNK Financial Group, Inc. <br> (KRW) | 10117592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128256 | DB Insurance Co., Ltd. (KRW) | 11672182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 317744 | GS Holdings Corp. (KRW) | 12418165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172874 | &nbsp;&nbsp;&nbsp; Hana Financial Group, Inc. <br> (KRW) | 11292523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84815 | &nbsp;&nbsp;&nbsp; Hyundai Motor Co. (Preference <br> Shares) (KRW) | 12511324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1004987 | &nbsp;&nbsp;&nbsp; iM Financial Group Co., Ltd. <br> (KRW) | 10848320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 715596 | Industrial Bank of Korea (KRW) | 10406953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123890 | Kia Corp. (KRW) | 10475028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95310 | &nbsp;&nbsp;&nbsp; KIWOOM Securities Co., Ltd. <br> (KRW) | 19153965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92566 | KT&G Corp. (KRW) | 9130977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 999381 | LG Uplus Corp. (KRW) | 10211994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21770 | &nbsp;&nbsp;&nbsp; Samsung Fire & Marine <br> Insurance Co., Ltd. (KRW) | 7510805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285351 | &nbsp;&nbsp;&nbsp; Samsung Securities Co., Ltd. <br> (KRW) | 14935591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 740562 | &nbsp;&nbsp;&nbsp; Woori Financial Group, Inc. <br> (KRW) | 14394319 |
|  |  | 165079738 |
|  | **Spain — 9.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 639347 | Bankinter S.A. (EUR) | 10635497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1059152 | CaixaBank S.A. (EUR) | 13001037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1071739 | Enagas S.A. (EUR) | 16562506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285806 | Logista Integral S.A. (EUR) | 10116670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2519971 | Mapfre S.A. (EUR) | 12680999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248324 | &nbsp;&nbsp;&nbsp; Naturgy Energy Group S.A. <br> (EUR) | 7564234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308012 | Redeia Corp. S.A. (EUR) | 5491165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 713340 | Repsol S.A. (EUR) | 13350185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1927692 | Telefonica S.A. (EUR) | 7913116 |
|  |  | 97315409 |
|  | **Sweden — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2065741 | Telia Co., AB (SEK) | 8836027 |
|  | **Switzerland — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32109 | Swiss Re AG (CHF) | 5385280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8565 | &nbsp;&nbsp;&nbsp; Zurich Insurance Group AG <br> (CHF) | 6507281 |
|  |  | 11892561 |
|  | **United Kingdom — 8.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4937892 | Aberdeen Group PLC (GBP) | 13684751 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United Kingdom (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242836 | &nbsp;&nbsp;&nbsp; British American Tobacco PLC <br> (GBP) | $13793669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 475958 | IG Group Holdings PLC (GBP) | 8436583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1211312 | Investec PLC (GBP) | 9004793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3248860 | &nbsp;&nbsp;&nbsp; Legal & General Group PLC <br> (GBP) | 11469347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1881954 | &nbsp;&nbsp;&nbsp; Phoenix Group Holdings PLC <br> (GBP) | 18695999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115718 | Rio Tinto PLC (GBP) | 9349531 |
|  |  | 84434673 |
|  | **United States — 12.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157253 | Altria Group, Inc. | 9067208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248649 | &nbsp;&nbsp;&nbsp; First Interstate BancSystem, Inc., <br> Class A | 8603255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 795374 | Ford Motor Co. | 10435307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 367318 | Franklin Resources, Inc. | 8775227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1740221 | Kohl's Corp. | 35517911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 616254 | Northwest Bancshares, Inc. | 7395048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181496 | OneMain Holdings, Inc. | 12260055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52889 | Prudential Financial, Inc. | 5970110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136002 | Universal Corp. | 7174106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175622 | Verizon Communications, Inc. | 7153084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 979239 | Western Union (The) Co. | 9116715 |
|  |  | 121468026 |
|  | **Total Investments — 99.5%** | 1003434759 |
|  | (Cost $788,330,810) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.5%** | 5254303 |
|  | **Net Assets — 100.0%** | $1008689062 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&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;&nbsp;&nbsp;&nbsp;&nbsp;

------

**First Trust Dow Jones Global Select Dividend Index Fund (FGD)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| AUD | – Australian Dollar |
| CAD | – Canadian Dollar |
| CHF | – Swiss Franc |
| DKK | – Danish Krone |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| HKD | – Hong Kong Dollar |
| JPY | – Japanese Yen |
| KRW | – South Korean Won |
| NOK | – Norwegian Krone |
| NZD | – New Zealand Dollar |
| SEK | – Swedish Krona |
| USD | – United States Dollar |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Financials | &nbsp;&nbsp; 40.6% |
| Consumer Discretionary | &nbsp;&nbsp; 14.8 |
| Communication Services | &nbsp;&nbsp;&nbsp; 8.8 |
| Utilities | &nbsp;&nbsp;&nbsp; 7.4 |
| Energy | &nbsp;&nbsp;&nbsp; 6.4 |
| Materials | &nbsp;&nbsp;&nbsp; 6.1 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 5.8 |
| Industrials | &nbsp;&nbsp;&nbsp; 5.4 |
| Real Estate | &nbsp;&nbsp;&nbsp; 4.7 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| EUR | &nbsp;&nbsp; 28.0% |
| KRW | &nbsp;&nbsp; 16.4 |
| USD | &nbsp;&nbsp; 12.5 |
| CAD | &nbsp;&nbsp; 12.0 |
| HKD | &nbsp;&nbsp; 10.8 |
| GBP | &nbsp;&nbsp;&nbsp; 9.9 |
| AUD | &nbsp;&nbsp;&nbsp; 3.4 |
| NZD | &nbsp;&nbsp;&nbsp; 1.6 |
| DKK | &nbsp;&nbsp;&nbsp; 1.5 |
| CHF | &nbsp;&nbsp;&nbsp; 1.2 |
| NOK | &nbsp;&nbsp;&nbsp; 0.9 |
| SEK | &nbsp;&nbsp;&nbsp; 0.9 |
| JPY | &nbsp;&nbsp;&nbsp; 0.9 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of December 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**12/31/2025**<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\* | $1003434759 | &nbsp;&nbsp; $1003434759 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for country breakout.

------

**First Trust Global Wind Energy ETF (FAN)**

**Portfolio of Investments**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.9%** | **COMMON STOCKS (a) (b) — 99.9%** | **COMMON STOCKS (a) (b) — 99.9%** |
|  | **Bermuda — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 17920245 | &nbsp;&nbsp;&nbsp; Concord New Energy Group <br> Ltd. (HKD) (c) | $736824 |
|  | **Canada — 8.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300973 | Boralex, Inc., Class A (CAD) (c) | 5554367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 807903 | Northland Power, Inc. (CAD) (c) | 10506771 |
|  |  | 16061138 |
|  | **China — 8.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5946548 | &nbsp;&nbsp;&nbsp; China Datang Corp. Renewable <br> Power Co., Ltd., Class H <br> (HKD) | 1573990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7317535 | &nbsp;&nbsp;&nbsp; China Longyuan Power Group <br> Corp., Ltd., Class H (HKD) | 6243133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3631055 | &nbsp;&nbsp;&nbsp; China Suntien Green Energy <br> Corp., Ltd., Class H (HKD) | 1838225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 924346 | &nbsp;&nbsp;&nbsp; Dongfang Electric Corp., Ltd., <br> Class H (HKD) (c) | 2969233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2665665 | &nbsp;&nbsp;&nbsp; Goldwind Science & <br> Technology Co., Ltd., Class H <br> (HKD) | 4593081 |
|  |  | 17217662 |
|  | **Denmark — 15.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 498771 | Orsted A/S (DKK) (d) (e) (f) | 9601635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 758564 | &nbsp;&nbsp;&nbsp; Vestas Wind Systems A/S <br> (DKK) | 20695759 |
|  |  | 30297394 |
|  | **France — 2.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182391 | Engie S.A. (EUR) | 4803486 |
|  | **Germany — 13.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21139 | Energiekontor AG (EUR) (c) | 888120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430187 | Nordex SE (EUR) (e) | 14721767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87060 | PNE AG (EUR) (c) | 1033359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94232 | RWE AG (EUR) | 5012152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35565 | Siemens Energy AG (EUR) (e) | 5032231 |
|  |  | 26687629 |
|  | **Israel — 7.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 664848 | &nbsp;&nbsp;&nbsp; Energix-Renewable Energies <br> Ltd. (ILS) | 3357070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266647 | &nbsp;&nbsp;&nbsp; Enlight Renewable Energy Ltd. <br> (ILS) (e) | 12124314 |
|  |  | 15481384 |
|  | **Italy — 6.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 409246 | Enel S.p.A. (EUR) | 4269352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191656 | ERG S.p.A. (EUR) | 4950640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43181 | Prysmian S.p.A. (EUR) | 4383461 |
|  |  | 13603453 |
|  | **Japan — 3.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136900 | Hitachi Ltd. (JPY) | 4284243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 558210 | Toray Industries, Inc. (JPY) | 3634922 |
|  |  | 7919165 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Netherlands — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250983 | Fugro N.V. (EUR) | $2504167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41197 | SIF Holding N.V. (EUR) (c) (e) | 326315 |
|  |  | 2830482 |
|  | **South Korea — 1.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43226 | CS Bearing Co., Ltd. (KRW) (e) | 181240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79925 | CS Wind Corp. (KRW) (e) | 2308063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 535318 | Unison Co., Ltd. (KRW) (e) | 446299 |
|  |  | 2935602 |
|  | **Spain — 11.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19069 | Acciona S.A. (EUR) | 4165993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1046300 | EDP Renovaveis S.A. (EUR) | 14804508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200715 | Iberdrola S.A. (EUR) | 4355524 |
|  |  | 23326025 |
|  | **Sweden — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147300 | SKF AB, Class B (SEK) | 3932693 |
|  | **Switzerland — 1.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18113 | BKW AG (CHF) | 3850813 |
|  | **Taiwan — 1.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 779015 | &nbsp;&nbsp;&nbsp; Century Iron & Steel Industrial <br> Co., Ltd. (TWD) | 3458653 |
|  | **Turkey — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 558238 | Galata Wind Enerji A/S (TRY) | 290551 |
|  | **United Kingdom — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227394 | &nbsp;&nbsp;&nbsp; ReNew Energy Global PLC, <br> Class A (e) | 1284776 |
|  | **United States — 13.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58039 | Alliant Energy Corp. | 3773115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75684 | &nbsp;&nbsp;&nbsp; American Superconductor <br> Corp. (e) | 2178186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38167 | Arcosa, Inc. | 4057915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126690 | Clearway Energy, Inc., Class C | 4213709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6161 | GE Vernova, Inc. | 4026645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52417 | NextEra Energy, Inc. | 4208037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48901 | Timken (The) Co. | 4114041 |
|  |  | 26571648 |
|  | **Total Common Stocks** | 201289378 |
|  | (Cost $196,018,817) |  |
| **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 901428 | &nbsp;&nbsp;&nbsp; Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.64% (g) | 901428 |
|  | (Cost $901,428) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**First Trust Global Wind Energy ETF (FAN)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 5.1%** | **REPURCHASE AGREEMENTS — 5.1%** | **REPURCHASE AGREEMENTS — 5.1%** |
| $10358034 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 3.82% (g), dated 12/31/25, <br> due 01/02/26, with a maturity <br> value of $10,360,232. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 3.63% to <br> 4.75%, due 12/31/29 to <br> 05/15/55. The value of the <br> collateral including accrued <br> interest is $10,565,198. (h) | $10358034 |
|  | (Cost $10,358,034) |  |
|  | **Total Investments — 105.5%** | 212548840 |
|  | (Cost $207,278,279) |  |
|  | **Net Other Assets and** <br> **Liabilities — (5.5)%** | (11021060)<br>|
|  | **Net Assets — 100.0%** | $201527780 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(c) All or a portion of this security is on loan for securities lending. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $9,579,945 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $10,358,034.

&nbsp;&nbsp;&nbsp;&nbsp;(d) This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act") and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(f) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Rate shown reflects yield as of December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(h) This security serves as collateral for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| CAD | – Canadian Dollar |
| CHF | – Swiss Franc |
| DKK | – Danish Krone |
| EUR | – Euro |
| HKD | – Hong Kong Dollar |
| ILS | – Israeli Shekel |
| JPY | – Japanese Yen |
| KRW | – South Korean Won |
| SEK | – Swedish Krona |
| TRY | – Turkish Lira |
| TWD | – New Taiwan Dollar |
| USD | – United States Dollar |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Utilities | &nbsp;&nbsp; 51.6% |
| Industrials | &nbsp;&nbsp; 38.9 |
| Repurchase Agreements | &nbsp;&nbsp;&nbsp; 4.9 |
| Materials | &nbsp;&nbsp;&nbsp; 3.3 |
| Energy | &nbsp;&nbsp;&nbsp; 0.9 |
| Money Market Funds | &nbsp;&nbsp;&nbsp; 0.4 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| EUR | &nbsp;&nbsp; 33.5% |
| USD | &nbsp;&nbsp; 18.4 |
| DKK | &nbsp;&nbsp; 14.3 |
| HKD | &nbsp;&nbsp;&nbsp; 8.4 |
| CAD | &nbsp;&nbsp;&nbsp; 7.6 |
| ILS | &nbsp;&nbsp;&nbsp; 7.3 |
| JPY | &nbsp;&nbsp;&nbsp; 3.7 |
| SEK | &nbsp;&nbsp;&nbsp; 1.9 |
| CHF | &nbsp;&nbsp;&nbsp; 1.8 |
| TWD | &nbsp;&nbsp;&nbsp; 1.6 |
| KRW | &nbsp;&nbsp;&nbsp; 1.4 |
| TRY | &nbsp;&nbsp;&nbsp; 0.1 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**First Trust Global Wind Energy ETF (FAN)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of December 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**12/31/2025**<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\* | $201289378 | &nbsp;&nbsp; $201289378 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Money Market Funds | 901428 | &nbsp;&nbsp; 901428 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 10358034 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10358034 | &nbsp;&nbsp; — |
| Total Investments | $212548840 | &nbsp;&nbsp; $202190806 | &nbsp;&nbsp; $10358034 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for country breakout.

------

**First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD)**

**Portfolio of Investments**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** |
|  | **Building Products — 6.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1075 | Allegion PLC | $171162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 585 | Carlisle Cos., Inc. | 187118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3248 | Carrier Global Corp. | 171624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1751 | &nbsp;&nbsp;&nbsp; Johnson Controls <br> International PLC | 209682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353 | Lennox International, Inc. | 171410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2800 | Masco Corp. | 177688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 451 | Trane Technologies PLC | 175529 |
|  |  | 1264213 |
|  | **Construction & Engineering** <br> **— 5.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1437 | AECOM | 136989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5390 | API Group Corp. (a) | 206221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226 | Comfort Systems USA, Inc. | 210924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 277 | EMCOR Group, Inc. | 169466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 898 | MasTec, Inc. (a) | 195198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 439 | Quanta Services, Inc. | 185284 |
|  |  | 1104082 |
|  | **Construction Materials —** <br> **2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298 | Martin Marietta Materials, Inc. | 185553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 623 | Vulcan Materials Co. | 177692 |
|  |  | 363245 |
|  | **Electric Utilities — 16.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2806 | Alliant Energy Corp. | 182418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1614 | &nbsp;&nbsp;&nbsp; American Electric Power Co., <br> Inc. | 186110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 492 | Constellation Energy Corp. | 173809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1513 | Duke Energy Corp. | 177339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3556 | Edison International | 213431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1973 | Entergy Corp. | 182365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2460 | Evergy, Inc. | 178326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2607 | Eversource Energy | 175529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4044 | Exelon Corp. | 176278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4043 | FirstEnergy Corp. | 181005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2254 | NextEra Energy, Inc. | 180951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1121 | NRG Energy, Inc. | 178508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1366 | Oklo, Inc. (a) | 98024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11619 | PG&E Corp. | 186717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5108 | PPL Corp. | 178882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1963 | Southern (The) Co. | 171174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2322 | Xcel Energy, Inc. | 171503 |
|  |  | 2992369 |
|  | **Electrical Equipment — 9.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1029 | AMETEK, Inc. | 211264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2178 | Bloom Energy Corp., Class A (a) | 189246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500 | Eaton Corp. PLC | 159255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1435 | Emerson Electric Co. | 190453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 297 | GE Vernova, Inc. | 194110 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Electrical Equipment** <br> **(Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450 | Hubbell, Inc. | $199850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1931 | nVent Electric PLC | 196904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550 | Rockwell Automation, Inc. | 213989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1117 | Vertiv Holdings Co., Class A | 180965 |
|  |  | 1736036 |
|  | **Energy Equipment & Services** <br> **— 3.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3940 | Baker Hughes Co. | 179427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8064 | Halliburton Co. | 227889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5695 | SLB Ltd. | 218574 |
|  |  | 625890 |
|  | **Gas Utilities — 1.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1079 | Atmos Energy Corp. | 180873 |
|  | **Ground Transportation —** <br> **3.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5234 | CSX Corp. | 189732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 640 | Norfolk Southern Corp. | 184781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 815 | Union Pacific Corp. | 188526 |
|  |  | 563039 |
|  | **Independent Power and** <br> **Renewable Electricity** <br>**Producers — 1.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 425 | Talen Energy Corp. (a) | 159307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 899 | Vistra Corp. | 145036 |
|  |  | 304343 |
|  | **Industrial Conglomerates —** <br> **2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1234 | 3M Co. | 197564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 981 | Honeywell International, Inc. | 191383 |
|  |  | 388947 |
|  | **IT Services — 7.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 854 | Cloudflare, Inc., Class A (a) | 168366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1319 | CoreWeave, Inc., Class A (a) | 94454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1410 | GoDaddy, Inc., Class A (a) | 174953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 569 | MongoDB, Inc. (a) | 238804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2015 | Okta, Inc. (a) | 174237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 753 | Snowflake, Inc. (a) | 165178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1656 | Twilio, Inc., Class A (a) | 235549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 720 | VeriSign, Inc. | 174924 |
|  |  | 1426465 |
|  | **Machinery — 16.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 377 | Caterpillar, Inc. | 215972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 442 | Cummins, Inc. | 225619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1163 | Dover Corp. | 227064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3827 | Fortive Corp. | 211289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2306 | Graco, Inc. | 189023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 760 | Illinois Tool Works, Inc. | 187188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2404 | Ingersoll Rand, Inc. | 190445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1091 | ITT, Inc. | 189299 |

---

------

**First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Machinery (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2103 | Otis Worldwide Corp. | $183697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1982 | PACCAR, Inc. | 217049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255 | Parker-Hannifin Corp. | 224135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1718 | Pentair PLC | 178913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 569 | Snap-on, Inc. | 196077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 965 | &nbsp;&nbsp;&nbsp; Westinghouse Air Brake <br> Technologies Corp. | 205979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1285 | Xylem, Inc. | 174991 |
|  |  | 3016740 |
|  | **Metals & Mining — 4.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4357 | Freeport-McMoRan, Inc. | 221292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1366 | Nucor Corp. | 222808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 676 | Reliance, Inc. | 195276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1277 | Steel Dynamics, Inc. | 216388 |
|  |  | 855764 |
|  | **Multi-Utilities — 9.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1832 | Ameren Corp. | 182944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4825 | CenterPoint Energy, Inc. | 184991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2575 | CMS Energy Corp. | 180070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1872 | Consolidated Edison, Inc. | 185927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3131 | Dominion Energy, Inc. | 183445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1347 | DTE Energy Co. | 173736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4394 | NiSource, Inc. | 183493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2318 | &nbsp;&nbsp;&nbsp; Public Service Enterprise Group, <br> Inc. | 186135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2059 | Sempra | 181789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1657 | WEC Energy Group, Inc. | 174747 |
|  |  | 1817277 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 5.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 816 | Cheniere Energy, Inc. | 158622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6857 | Kinder Morgan, Inc. | 188499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2648 | ONEOK, Inc. | 194628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1170 | Targa Resources Corp. | 215865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2990 | Williams (The) Cos., Inc. | 179729 |
|  |  | 937343 |
|  | **Specialized REITs — 4.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1018 | American Tower Corp. | 178730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1953 | Crown Castle, Inc. | 173563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1077 | Digital Realty Trust, Inc. | 166623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233 | Equinix, Inc. | 178515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1006 | SBA Communications Corp. | 194591 |
|  |  | 892022 |
|  | **Water Utilities — 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1338 | American Water Works Co., Inc. | 174609 |
|  | **Total Common Stocks** | 18643257 |
|  | (Cost $16,454,517) |  |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **WARRANTS (b) — 0.0%** | **WARRANTS (b) — 0.0%** | **WARRANTS (b) — 0.0%** |
|  | **Construction & Engineering** <br> **— 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298 | &nbsp;&nbsp;&nbsp; Webuild S.p.A., expiring 8/2/30 <br> (EUR) (a) (c) (d) (e) | $3 |
|  | (Cost $0) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17124 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.65% (f) | 17124 |
|  | (Cost $17,124) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 0.0%** | **REPURCHASE AGREEMENTS — 0.0%** | **REPURCHASE AGREEMENTS — 0.0%** |
| $256 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 3.82% (f), dated 12/31/25, due <br> 01/02/26, with a maturity <br> value of $256. Collateralized <br> by U.S. Treasury Securities, <br> interest rates of 3.63% to <br> 4.75%, due 12/31/29 to <br> 05/15/55. The value of the <br> collateral including accrued <br> interest is $261. (g) | 256 |
|  | (Cost $256) |  |
|  | **Total Investments — 100.0%** | 18660640 |
|  | (Cost $16,471,897) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.0%** | 7014 |
|  | **Net Assets — 100.0%** | $18667654 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be illiquid by First Trust Advisors L.P., the Fund's advisor.

&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 December 31, 2025, securities noted as such are valued at $3 or 0.0% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This security's value was determined using significant unobservable inputs (see Valuation Inputs in the Additional Information section).

&nbsp;&nbsp;&nbsp;&nbsp;(f) Rate shown reflects yield as of December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(g) This security serves as collateral for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

Abbreviations throughout the Portfolio of Investments: <br> EUR – Euro <br> REITs – Real Estate Investment Trusts

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of December 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**12/31/2025**<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\* | $18643257 | &nbsp;&nbsp; $18643257 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Warrants\* | 3 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3 |
| Money Market Funds | 17124 | &nbsp;&nbsp; 17124 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Repurchase Agreements | 256 | &nbsp;&nbsp; — | &nbsp;&nbsp; 256 | &nbsp;&nbsp; — |
| Total Investments | $18660640 | &nbsp;&nbsp; $18660381 | &nbsp;&nbsp; $256 | &nbsp;&nbsp; $3 |

---

&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.

------

**First Trust NASDAQ**<sup>®</sup> **Clean Edge**<sup>®</sup> **Smart Grid Infrastructure Index Fund (GRID)**

**Portfolio of Investments**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.8%** | **COMMON STOCKS (a) (b) — 99.8%** | **COMMON STOCKS (a) (b) — 99.8%** |
|  | **Austria — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34423 | Verbund AG (EUR) | $2508139 |
|  | **Belgium — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 461709 | Cenergy Holdings S.A. (EUR) | 8138997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 376117 | Elia Group S.A./N.V. (EUR) | 48488735 |
|  |  | 56627732 |
|  | **Brazil — 3.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471461 | Alupar Investimento S.A. (BRL) | 14319793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15934 | Axia Energia, ADR | 145955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4132 | Axia Energia, ADR (c) | 35618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8939816 | &nbsp;&nbsp;&nbsp; Cia Paranaense de Energia - <br> Copel (BRL) | 21339075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2866721 | Energisa S.A. (BRL) | 24671666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8900572 | Equatorial S.A. (BRL) | 62534244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2164472 | &nbsp;&nbsp;&nbsp; Isa Energia Brasil S.A. <br> (Preference Shares) (BRL) | 10878153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2582981 | &nbsp;&nbsp;&nbsp; Transmissora Alianca de Energia <br> Eletrica S.A. (BRL) | 19849323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 606292 | WEG S.A. (BRL) | 5367257 |
|  |  | 159141084 |
|  | **Canada — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145997 | Fortis, Inc. (CAD) | 7590504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68418 | &nbsp;&nbsp;&nbsp; Hammond Power Solutions, Inc. <br> (CAD) | 7949657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2382958 | Hydro One Ltd. (CAD) (d) (e) | 94863448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11578 | Stella-Jones, Inc. (CAD) | 718105 |
|  |  | 111121714 |
|  | **Cayman Islands — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3434701 | Wasion Holdings Ltd. (HKD) | 7581966 |
|  | **China — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1063873 | BYD Co., Ltd., Class H (HKD) | 13034074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36512 | &nbsp;&nbsp;&nbsp; Contemporary Amperex <br> Technology Co., Ltd., Class H <br> (HKD) | 2371519 |
|  |  | 15405593 |
|  | **Denmark — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 382642 | NKT A/S (DKK) (c) | 48073704 |
|  | **France — 10.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 457207 | Engie S.A. (EUR) | 12041095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76360 | Legrand S.A. (EUR) | 11419182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259060 | Nexans S.A. (EUR) | 38299427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1556502 | Schneider Electric SE (EUR) | 429678841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1171736 | SPIE S.A. (EUR) | 67832129 |
|  |  | 559270674 |
|  | **Germany — 7.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11714087 | E.ON SE (EUR) | 221982857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350865 | &nbsp;&nbsp;&nbsp; Infineon Technologies AG <br> (EUR) | 15557440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315868 | SAP SE (EUR) | 77341111 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Germany (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201074 | Siemens AG (EUR) | $56511596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143090 | &nbsp;&nbsp;&nbsp; SMA Solar Technology AG <br> (EUR) (c) | 5730864 |
|  |  | 377123868 |
|  | **Ireland — 17.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1206389 | Eaton Corp. PLC | 384246960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3579552 | &nbsp;&nbsp;&nbsp; Johnson Controls <br> International PLC | 428651352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 991873 | nVent Electric PLC | 101141290 |
|  |  | 914039602 |
|  | **Italy — 6.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2232163 | Enel S.p.A. (EUR) | 23286456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2083563 | Prysmian S.p.A. (EUR) | 211510097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9795813 | &nbsp;&nbsp;&nbsp; Terna-Rete Elettrica Nazionale <br> (EUR) | 104229882 |
|  |  | 339026435 |
|  | **Japan — 2.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167400 | Daihen Corp. (JPY) | 10676238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28235 | GS Yuasa Corp. (JPY) | 675953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1323120 | Hitachi Ltd. (JPY) | 41406628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 321499 | Meidensha Corp. (JPY) | 11432261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610700 | Mitsubishi Electric Corp. (JPY) | 17875763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75525 | NGK Insulators Ltd. (JPY) | 1615707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320700 | Osaki Electric Co., Ltd. (JPY) | 2542833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 708470 | Panasonic Holdings Corp. (JPY) | 9152126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 512500 | &nbsp;&nbsp;&nbsp; Renesas Electronics Corp. <br> (JPY) (c) (f) | 7001724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215400 | &nbsp;&nbsp;&nbsp; Sumitomo Electric Industries <br> Ltd. (JPY) | 8697683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79000 | Takaoka Toko Co., Ltd. (JPY) | 1961887 |
|  |  | 113038803 |
|  | **Jersey — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1344431 | Aptiv PLC (c) | 102297755 |
|  | **Netherlands — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163043 | Alfen N.V. (EUR) (c) (d) (e) (f) | 2017631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57428 | NXP Semiconductors N.V. | 12465322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27497 | STMicroelectronics N.V. | 713272 |
|  |  | 15196225 |
|  | **Portugal — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 713008 | EDP S.A. (EUR) | 3280480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400706 | &nbsp;&nbsp;&nbsp; REN - Redes Energeticas <br> Nacionais SGPS S.A. (EUR) | 9070500 |
|  |  | 12350980 |
|  | **South Korea — 2.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151348 | &nbsp;&nbsp;&nbsp; HD Hyundai Electric Co., Ltd. <br> (KRW) | 81318491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1216 | &nbsp;&nbsp;&nbsp; Hyosung Heavy Industries Corp. <br> (KRW) (c) | 1503381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153744 | Iljin Electric Co., Ltd. (KRW) | 5805889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71189 | LS Eco Energy Ltd. (KRW) (c) | 1707390 |

---

------

**First Trust NASDAQ**<sup>®</sup> **Clean Edge**<sup>®</sup> **Smart Grid Infrastructure Index Fund (GRID)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **South Korea (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96725 | LS Electric Co., Ltd. (KRW) (c) | $30886467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17226 | &nbsp;&nbsp;&nbsp; Samsung SDI Co., Ltd. <br> (KRW) (c) | 3222663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84461 | Sanil Electric Co., Ltd. (KRW) | 7627903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 726927 | &nbsp;&nbsp;&nbsp; Taihan Cable & Solution Co., <br> Ltd. (KRW) (c) | 11555745 |
|  |  | 143627929 |
|  | **Spain — 1.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1659599 | Iberdrola S.A. (EUR) | 36013369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3042078 | Redeia Corp. S.A. (EUR) | 54233445 |
|  |  | 90246814 |
|  | **Switzerland — 9.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5805943 | ABB Ltd. (CHF) | 434071385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69173 | Belimo Holding AG (CHF) | 68203652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5640 | BKW AG (CHF) | 1199061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171230 | Landis+Gyr Group AG (CHF) | 11111251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189857 | R&S Group Holding AG (CHF) | 3791867 |
|  |  | 518377216 |
|  | **Taiwan — 1.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159934 | Advantech Co., Ltd. (TWD) | 1465953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2047307 | Allis Electric Co., Ltd. (TWD) | 6483253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123519 | &nbsp;&nbsp;&nbsp; Chung-Hsin Electric & <br> Machinery Manufacturing <br> Corp. (TWD) | 587708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1799635 | &nbsp;&nbsp;&nbsp; Fortune Electric Co., Ltd. <br> (TWD) | 43816005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2421328 | &nbsp;&nbsp;&nbsp; Shihlin Electric & Engineering <br> Corp. (TWD) | 13100548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5886566 | &nbsp;&nbsp;&nbsp; Ta Ya Electric Wire & Cable <br> (TWD) | 7109854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 591762 | &nbsp;&nbsp;&nbsp; Voltronic Power Technology <br> Corp. (TWD) | 18287453 |
|  |  | 90850774 |
|  | **Turkey — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2768087 | &nbsp;&nbsp;&nbsp; Astor Transformator Enerji <br> Turizm Insaat Ve Petrol <br> Sanayi Ticaret A/S (TRY) | 7539010 |
|  | **United Kingdom — 8.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 27468549 | National Grid PLC (GBP) | 422652873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 324207 | SSE PLC (GBP) | 9522518 |
|  |  | 432175391 |
|  | **United States — 21.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7414 | &nbsp;&nbsp;&nbsp; Advanced Energy Industries, <br> Inc. | 1552269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170720 | AES (The) Corp. | 2448125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294699 | &nbsp;&nbsp;&nbsp; American Superconductor <br> Corp. (c) | 8481437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118800 | Analog Devices, Inc. | 32218560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10767 | Arcosa, Inc. | 1144747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209995 | Atkore, Inc. | 13282184 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United States (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5556 | AZZ, Inc. | $595492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6698 | Belden, Inc. | 780652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 958619 | Cisco Systems, Inc. | 73842422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7742 | Digi International, Inc. (c) | 335151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146042 | Emerson Electric Co. | 19382694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8209 | EnerSys | 1204671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 735723 | Enphase Energy, Inc. (c) | 23579922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5594 | ESCO Technologies, Inc. | 1093012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 334825 | Fluence Energy, Inc. (c) | 6622838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65829 | GE Vernova, Inc. | 43023860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15086 | Generac Holdings, Inc. (c) | 2057278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165038 | Honeywell International, Inc. | 32197263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330662 | Hubbell, Inc. | 146850301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226785 | &nbsp;&nbsp;&nbsp; International Business Machines <br> Corp. | 67175985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250640 | Itron, Inc. (c) | 23274430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5752 | Littelfuse, Inc. | 1454796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14584 | MasTec, Inc. (c) | 3170124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90763 | MYR Group, Inc. (c) | 19831715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 589376 | NVIDIA Corp. | 109918624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 436404 | Oracle Corp. | 85059504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13228 | Preformed Line Products Co. | 2734360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256754 | QUALCOMM, Inc. | 43917772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 448800 | Quanta Services, Inc. | 189420528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 327242 | &nbsp;&nbsp;&nbsp; SolarEdge Technologies, <br> Inc. (c) (f) | 9440932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242507 | Tesla, Inc. (c) | 109060248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220451 | Texas Instruments, Inc. | 38246044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56350 | Trimble, Inc. (c) | 4415023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4667 | Valmont Industries, Inc. | 1877627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11522 | WESCO International, Inc. | 2818742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95088 | Willdan Group, Inc. (c) | 9856822 |
|  |  | 1132366154 |
|  | **Total Common Stocks** | 5247987562 |
|  | (Cost $4,420,669,508) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2092748 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.65% (g) | 2092748 |
|  | (Cost $2,092,748) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**First Trust NASDAQ**<sup>®</sup> **Clean Edge**<sup>®</sup> **Smart Grid Infrastructure Index Fund (GRID)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 0.2%** | **REPURCHASE AGREEMENTS — 0.2%** | **REPURCHASE AGREEMENTS — 0.2%** |
| $11555026 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 3.82% (g), dated 12/31/25, <br> due 01/02/26, with a maturity <br> value of $11,557,478. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 3.63% to <br> 4.75%, due 12/31/29 to <br> 05/15/55. The value of the <br> collateral including accrued <br> interest is $11,786,130. (h) | $11555026 |
|  | (Cost $11,555,026) |  |
|  | **Total Investments — 100.1%** | 5261635336 |
|  | (Cost $4,434,317,282) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.1)%** | (3951013)<br>|
|  | **Net Assets — 100.0%** | $5257684323 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(d) This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act") and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;(f) All or a portion of this security is on loan for securities lending. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $10,993,433 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $11,555,026.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Rate shown reflects yield as of December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(h) This security serves as collateral for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| ADR | – American Depositary Receipt |
| BRL | – Brazilian Real |
| CAD | – Canadian Dollar |
| CHF | – Swiss Franc |
| DKK | – Danish Krone |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| HKD | – Hong Kong Dollar |
| JPY | – Japanese Yen |
| KRW | – South Korean Won |
| TRY | – Turkish Lira |
| TWD | – New Taiwan Dollar |
| USD | – United States Dollar |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Industrials | &nbsp;&nbsp; 59.7% |
| Utilities | &nbsp;&nbsp; 23.0 |
| Information Technology | &nbsp;&nbsp; 12.4 |
| Consumer Discretionary | &nbsp;&nbsp;&nbsp; 4.6 |
| Repurchase Agreements | &nbsp;&nbsp;&nbsp; 0.2 |
| Money Market Funds | &nbsp;&nbsp;&nbsp; 0.1 |
| Materials | &nbsp;&nbsp;&nbsp; 0.0<sup>‡</sup> <br>|
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <sup>‡</sup> <br>| Amount is less than 0.1%. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| USD | &nbsp;&nbsp; 41.4% |
| EUR | &nbsp;&nbsp; 27.4 |
| CHF | &nbsp;&nbsp;&nbsp; 9.9 |
| GBP | &nbsp;&nbsp;&nbsp; 8.2 |
| BRL | &nbsp;&nbsp;&nbsp; 3.0 |
| KRW | &nbsp;&nbsp;&nbsp; 2.7 |
| JPY | &nbsp;&nbsp;&nbsp; 2.2 |
| CAD | &nbsp;&nbsp;&nbsp; 2.1 |
| TWD | &nbsp;&nbsp;&nbsp; 1.7 |
| DKK | &nbsp;&nbsp;&nbsp; 0.9 |
| HKD | &nbsp;&nbsp;&nbsp; 0.4 |
| TRY | &nbsp;&nbsp;&nbsp; 0.1 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**First Trust NASDAQ**<sup>®</sup> **Clean Edge**<sup>®</sup> **Smart Grid Infrastructure Index Fund (GRID)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of December 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**12/31/2025**<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\* | $5247987562 | &nbsp;&nbsp; $5247987562 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| &nbsp;&nbsp; Money Market <br> Funds<br>| 2092748 | &nbsp;&nbsp; 2092748 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 11555026 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11555026 | &nbsp;&nbsp; — |
| Total Investments | $5261635336 | &nbsp;&nbsp; $5250080310 | &nbsp;&nbsp; $11555026 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for country breakout.

------

**First Trust Indxx Global Natural Resources Income ETF (FTRI)**

**Portfolio of Investments**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.8%** | **COMMON STOCKS (a) (b) — 99.8%** | **COMMON STOCKS (a) (b) — 99.8%** |
|  | **Australia — 4.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46733 | GrainCorp Ltd., Class A (AUD) | $223925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 384640 | Origin Energy Ltd. (AUD) | 2949370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302979 | Perseus Mining Ltd. (AUD) | 1148460 |
|  |  | 4321755 |
|  | **Bermuda — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 856052 | Kunlun Energy Co., Ltd. (HKD) | 817257 |
|  | **Brazil — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25639 | &nbsp;&nbsp;&nbsp; Tres Tentos Agroindustrial S.A. <br> (BRL) | 77201 |
|  | **Canada — 22.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60064 | Agnico Eagle Mines Ltd. | 10182650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48332 | DPM Metals, Inc. (CAD) | 1493748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22287 | Lundin Gold, Inc. (CAD) | 1851418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104684 | Nutrien Ltd. (c) | 6461096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44205 | &nbsp;&nbsp;&nbsp; Peyto Exploration & <br> Development Corp. (CAD) (c) | 731409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 271295 | &nbsp;&nbsp;&nbsp; Whitecap Resources, Inc. <br> (CAD) (c) | 2273063 |
|  |  | 22993384 |
|  | **China — 9.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 831212 | &nbsp;&nbsp;&nbsp; Aluminum Corp. of China Ltd., <br> Class H (HKD) | 1299787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 412327 | &nbsp;&nbsp;&nbsp; China Coal Energy Co., Ltd., <br> Class H (HKD) | 527151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 815987 | &nbsp;&nbsp;&nbsp; CMOC Group Ltd., Class H <br> (HKD) | 2017242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203003 | &nbsp;&nbsp;&nbsp; Shandong Gold Mining Co., <br> Ltd., Class H (HKD) (d) (e) | 902502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1056930 | &nbsp;&nbsp;&nbsp; Zijin Mining Group Co., Ltd., <br> Class H (HKD) | 4842808 |
|  |  | 9589490 |
|  | **Colombia — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1045099 | Ecopetrol S.A. (COP) | 517346 |
|  | **India — 2.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 510269 | Coal India Ltd. (INR) | 2265228 |
|  | **Indonesia — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2439537 | &nbsp;&nbsp;&nbsp; Alamtri Resources Indonesia <br> Tbk PT (IDR) | 264801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1893871 | Aneka Tambang Tbk (IDR) | 357763 |
|  |  | 622564 |
|  | **Israel — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2048 | Delek Group Ltd. (ILS) | 547218 |
|  | **Japan — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40200 | Rengo Co., Ltd. (JPY) | 311945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6400 | Sakata Seed Corp. (JPY) | 174464 |
|  |  | 486409 |
|  | **Luxembourg — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9625 | APERAM S.A. (EUR) | 398610 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **New Zealand — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157034 | Mercury NZ Ltd. (NZD) | $585874 |
|  | **Norway — 1.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68870 | Aker BP ASA (NOK) | 1755228 |
|  | **Romania — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3947843 | OMV Petrom S.A. (RON) | 906210 |
|  | **Sweden — 1.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129500 | &nbsp;&nbsp;&nbsp; Svenska Cellulosa AB S.C.A., <br> Class B (SEK) | 1724510 |
|  | **Switzerland — 3.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36012 | Bunge Global S.A. | 3207949 |
|  | **Thailand — 2.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2853000 | PTT PCL (THB) | 2897826 |
|  | **United Kingdom — 4.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28320 | Energean PLC (GBP) | 338220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58755 | Severn Trent PLC (GBP) | 2208846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150711 | &nbsp;&nbsp;&nbsp; United Utilities Group PLC <br> (GBP) | 2425613 |
|  |  | 4972679 |
|  | **United States — 43.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19990 | &nbsp;&nbsp;&nbsp; Alliance Resource Partners, <br> L.P. (f) | 464368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34808 | American Water Works Co., Inc. | 4542444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7188 | Andersons (The), Inc. | 382186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13319 | California Water Service Group | 577112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34831 | CF Industries Holdings, Inc. | 2693830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146234 | Corteva, Inc. | 9802065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63563 | Essential Utilities, Inc. | 2438277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27896 | FMC Corp. | 386917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212209 | Freeport-McMoRan, Inc. | 10778095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7430 | H2O America | 363996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114532 | International Paper Co. | 4511415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3951 | Middlesex Water Co. | 199209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71180 | Mosaic (The) Co. | 1714726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21010 | Select Water Solutions, Inc. | 221025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7327 | Sylvamo Corp. | 352795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12836 | UFP Industries, Inc. | 1168718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161607 | Weyerhaeuser Co. | 3828470 |
|  |  | 44425648 |
|  | **Total Common Stocks** | 103112386 |
|  | (Cost $93,110,327) |  |
| **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153617 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.65% (g) | 153617 |
|  | (Cost $153,617) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**First Trust Indxx Global Natural Resources Income ETF (FTRI)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 7.4%** | **REPURCHASE AGREEMENTS — 7.4%** | **REPURCHASE AGREEMENTS — 7.4%** |
| $7637350 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 3.82% (g), dated 12/31/25, <br> due 01/02/26, with a maturity <br> value of $7,638,971. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 3.63% to <br> 4.75%, due 12/31/29 to <br> 05/15/55. The value of the <br> collateral including accrued <br> interest is $7,790,099. (h) | $7637350 |
|  | (Cost $7,637,350) |  |
|  | **Total Investments — 107.4%** | 110903353 |
|  | (Cost $100,901,294) |  |
|  | **Net Other Assets and** <br> **Liabilities — (7.4)%** | (7593307)<br>|
|  | **Net Assets — 100.0%** | $103310046 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(c) All or a portion of this security is on loan for securities lending. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $7,346,659 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $7,637,350.

&nbsp;&nbsp;&nbsp;&nbsp;(d) This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act") and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Security is a Master Limited Partnership.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Rate shown reflects yield as of December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(h) This security serves as collateral for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| AUD | – Australian Dollar |
| BRL | – Brazilian Real |
| CAD | – Canadian Dollar |
| COP | – Colombian Peso |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| HKD | – Hong Kong Dollar |
| IDR | – Indonesian Rupiah |
| ILS | – Israeli Shekel |
| INR | – Indian Rupee |
| JPY | – Japanese Yen |
| NOK | – Norwegian Krone |
| NZD | – New Zealand Dollar |
| RON | – Romanian New Leu |
| SEK | – Swedish Krona |
| THB | – Thai Baht |
| USD | – United States Dollar |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Materials | &nbsp;&nbsp; 57.0% |
| Utilities | &nbsp;&nbsp; 15.4 |
| Energy | &nbsp;&nbsp; 12.4 |
| Repurchase Agreements | &nbsp;&nbsp;&nbsp; 6.9 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 3.7 |
| Real Estate | &nbsp;&nbsp;&nbsp; 3.4 |
| Industrials | &nbsp;&nbsp;&nbsp; 1.1 |
| Money Market Funds | &nbsp;&nbsp;&nbsp; 0.1 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| USD | &nbsp;&nbsp; 65.0% |
| HKD | &nbsp;&nbsp;&nbsp; 9.4 |
| CAD | &nbsp;&nbsp;&nbsp; 5.7 |
| GBP | &nbsp;&nbsp;&nbsp; 4.5 |
| AUD | &nbsp;&nbsp;&nbsp; 3.9 |
| THB | &nbsp;&nbsp;&nbsp; 2.6 |
| INR | &nbsp;&nbsp;&nbsp; 2.0 |
| NOK | &nbsp;&nbsp;&nbsp; 1.6 |
| SEK | &nbsp;&nbsp;&nbsp; 1.5 |
| RON | &nbsp;&nbsp;&nbsp; 0.8 |
| IDR | &nbsp;&nbsp;&nbsp; 0.6 |
| NZD | &nbsp;&nbsp;&nbsp; 0.5 |
| ILS | &nbsp;&nbsp;&nbsp; 0.5 |
| COP | &nbsp;&nbsp;&nbsp; 0.5 |
| JPY | &nbsp;&nbsp;&nbsp; 0.4 |
| EUR | &nbsp;&nbsp;&nbsp; 0.4 |
| BRL | &nbsp;&nbsp;&nbsp; 0.1 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**First Trust Indxx Global Natural Resources Income ETF (FTRI)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of December 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**12/31/2025**<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: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Thailand | $2897826 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2897826 | &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Country <br> Categories\*<br>| 100214560 | &nbsp;&nbsp; 100214560 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Money Market Funds | 153617 | &nbsp;&nbsp; 153617 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 7637350 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7637350 | &nbsp;&nbsp; — |
| Total Investments | $110903353 | &nbsp;&nbsp; $100368177 | &nbsp;&nbsp; $10535176 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for country breakout.

------

**First Trust Indxx Global Agriculture ETF (FTAG)**

**Portfolio of Investments**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.8%** | **COMMON STOCKS (a) (b) — 99.8%** | **COMMON STOCKS (a) (b) — 99.8%** |
|  | **Australia — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25805 | Dyno Nobel Ltd. (AUD) | $55279 |
|  | **Brazil — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7225 | &nbsp;&nbsp;&nbsp; Tres Tentos Agroindustrial S.A. <br> (BRL) | 21755 |
|  | **Canada — 4.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4728 | Nutrien Ltd. (CAD) | 291833 |
|  | **Chile — 2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2056 | &nbsp;&nbsp;&nbsp; Sociedad Quimica y Minera de <br> Chile S.A., ADR (c) | 141453 |
|  | **China — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5948 | &nbsp;&nbsp;&nbsp; First Tractor Co., Ltd., Class H <br> (HKD) | 6389 |
|  | **Germany — 16.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11452 | BASF SE (EUR) | 597956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6516 | Bayer AG (EUR) | 283408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6703 | Evonik Industries AG (EUR) | 105241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2576 | K+S AG (EUR) | 37599 |
|  |  | 1024204 |
|  | **India — 17.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5772 | &nbsp;&nbsp;&nbsp; Chambal Fertilisers and <br> Chemicals Ltd. (INR) | 30960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4249 | &nbsp;&nbsp;&nbsp; Coromandel International Ltd. <br> (INR) | 107143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1612 | Escorts Kubota Ltd. (INR) | 66715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15149 | &nbsp;&nbsp;&nbsp; Mahindra & Mahindra Ltd. <br> (INR) | 625179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2186 | PI Industries Ltd. (INR) | 78758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7191 | &nbsp;&nbsp;&nbsp; Sumitomo Chemical India Ltd. <br> (INR) | 37683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3670 | Tata Chemicals Ltd. (INR) | 31259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12149 | UPL Ltd. (INR) | 107481 |
|  |  | 1085178 |
|  | **Israel — 1.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18632 | ICL Group Ltd. (ILS) | 107069 |
|  | **Japan — 7.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16500 | Kubota Corp. (JPY) | 233480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5800 | Mitsui Chemicals, Inc. (JPY) | 74129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800 | Nippon Soda Co., Ltd. (JPY) | 18488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000 | Nissan Chemical Corp. (JPY) | 68475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23800 | &nbsp;&nbsp;&nbsp; Sumitomo Chemical Co., Ltd. <br> (JPY) | 67705 |
|  |  | 462277 |
|  | **Malaysia — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115101 | &nbsp;&nbsp;&nbsp; Petronas Chemicals Group Bhd <br> (MYR) | 102961 |
|  | **Mexico — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28318 | &nbsp;&nbsp;&nbsp; Orbia Advance Corp. S.A.B. de <br> C.V. (MXN) (c) | 24532 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Netherlands — 2.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17940 | CNH Industrial N.V. | $165407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3040 | OCI N.V. (EUR) | 10932 |
|  |  | 176339 |
|  | **Qatar — 4.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83584 | Industries Qatar QSC (QAR) | 273869 |
|  | **Russia — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1918 | &nbsp;&nbsp;&nbsp; PhosAgro PJSC <br> (RUB) (c) (d) (e) (f) | 0 |
|  | **Singapore — 3.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92100 | Wilmar International Ltd. (SGD) | 220685 |
|  | **Switzerland — 5.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147 | Bucher Industries AG (CHF) | 68387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2783 | Bunge Global S.A. | 247910 |
|  |  | 316297 |
|  | **Taiwan — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14095 | &nbsp;&nbsp;&nbsp; Taiwan Fertilizer Co., Ltd. <br> (TWD) | 21443 |
|  | **Turkey — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4808 | &nbsp;&nbsp;&nbsp; Gubre Fabrikalari T.A.S. <br> (TRY) (c) | 38982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1441 | &nbsp;&nbsp;&nbsp; Turk Traktor ve Ziraat <br> Makineleri A/S (TRY) | 17438 |
|  |  | 56420 |
|  | **United States — 30.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1074 | AGCO Corp. | 112040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174 | Alamo Group, Inc. | 29210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2245 | CF Industries Holdings, Inc. | 173628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8664 | Corteva, Inc. | 580748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1303 | Deere & Co. | 606638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1798 | FMC Corp. | 24938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152 | Lindsay Corp. | 17916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4569 | Mosaic (The) Co. | 110067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 835 | Scotts Miracle-Gro (The) Co. | 48722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 641 | &nbsp;&nbsp;&nbsp; SiteOne Landscape Supply, <br> Inc. (c) | 79843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1409 | Toro (The) Co. | 110917 |
|  |  | 1894667 |
|  | **Total Common Stocks** | 6282650 |
|  | (Cost $7,214,152) |  |

---

------

**First Trust Indxx Global Agriculture ETF (FTAG)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** | **MONEY MARKET FUNDS — 0.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55254 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.65% (g) | $55254 |
|  | (Cost $55,254) |  |
|  | **Total Investments — 100.7%** | 6337904 |
|  | (Cost $7,269,406) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.7)%** | (46825)<br>|
|  | **Net Assets — 100.0%** | $6291079 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be illiquid by First Trust Advisors L.P., the Fund's advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(e) 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 December 31, 2025, securities noted as such are valued at $0 or 0.0% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(f) This security's value was determined using significant unobservable inputs (see Valuation Inputs in the Additional Information section).

&nbsp;&nbsp;&nbsp;&nbsp;(g) Rate shown reflects yield as of December 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 |
| AUD | – Australian Dollar |
| BRL | – Brazilian Real |
| CAD | – Canadian Dollar |
| CHF | – Swiss Franc |
| EUR | – Euro |
| HKD | – Hong Kong Dollar |
| ILS | – Israeli Shekel |
| INR | – Indian Rupee |
| JPY | – Japanese Yen |
| MXN | – Mexican Peso |
| MYR | – Malaysian Ringgit |
| QAR | – Qatari Riyal |
| RUB | – Russian Ruble |
| SGD | – Singapore Dollar |
| TRY | – Turkish Lira |
| TWD | – New Taiwan Dollar |
| USD | – United States Dollar |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Materials | &nbsp;&nbsp; 48.8% |
| Industrials | &nbsp;&nbsp; 28.2 |
| Consumer Discretionary | &nbsp;&nbsp;&nbsp; 9.9 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 7.7 |
| Health Care | &nbsp;&nbsp;&nbsp; 4.5 |
| Money Market Funds | &nbsp;&nbsp;&nbsp; 0.9 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| USD | &nbsp;&nbsp; 39.6% |
| INR | &nbsp;&nbsp; 17.1 |
| EUR | &nbsp;&nbsp; 16.3 |
| JPY | &nbsp;&nbsp;&nbsp; 7.3 |
| CAD | &nbsp;&nbsp;&nbsp; 4.6 |
| QAR | &nbsp;&nbsp;&nbsp; 4.3 |
| SGD | &nbsp;&nbsp;&nbsp; 3.5 |
| ILS | &nbsp;&nbsp;&nbsp; 1.7 |
| MYR | &nbsp;&nbsp;&nbsp; 1.6 |
| CHF | &nbsp;&nbsp;&nbsp; 1.1 |
| TRY | &nbsp;&nbsp;&nbsp; 0.9 |
| AUD | &nbsp;&nbsp;&nbsp; 0.9 |
| MXN | &nbsp;&nbsp;&nbsp; 0.4 |
| BRL | &nbsp;&nbsp;&nbsp; 0.3 |
| TWD | &nbsp;&nbsp;&nbsp; 0.3 |
| HKD | &nbsp;&nbsp;&nbsp; 0.1 |
| RUB | &nbsp;&nbsp;&nbsp; 0.0<sup>‡</sup> <br>|
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <sup>‡</sup> <br>| Investment is valued at $0. |

---

------

**First Trust Indxx Global Agriculture ETF (FTAG)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of December 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**12/31/2025**<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: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Russia | $—<br> \*\*<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—<br> \*\*<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Country <br> Categories\*<br>| 6282650 | &nbsp;&nbsp; 6282650 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Money Market Funds | 55254 | &nbsp;&nbsp; 55254 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $6337904 | &nbsp;&nbsp; $6337904 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—<br> \*\*<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for country breakout.

\*\* Investment is valued at $0.

Level 3 investments are fair valued by the Advisor's Pricing Committee and are footnoted in the Portfolio of Investments. All Level 3 values are based on unobservable inputs.

------

**First Trust Indxx NextG ETF (NXTG)**

**Portfolio of Investments**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.5%** | **COMMON STOCKS (a) (b) — 99.5%** | **COMMON STOCKS (a) (b) — 99.5%** |
|  | **Australia — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 662323 | Telstra Group Ltd. (AUD) | $2152552 |
|  | **Brazil — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176192 | Telefonica Brasil S.A., ADR | 2089637 |
|  | **Canada — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92037 | BCE, Inc. (CAD) | 2195397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59548 | &nbsp;&nbsp;&nbsp; Rogers Communications, Inc., <br> Class B (CAD) | 2247774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168595 | TELUS Corp. (CAD) | 2222056 |
|  |  | 6665227 |
|  | **Cayman Islands — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 975448 | &nbsp;&nbsp;&nbsp; Xiaomi Corp., Class B <br> (HKD) (c) (d) (e) | 4925682 |
|  | **China — 2.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3414261 | &nbsp;&nbsp;&nbsp; China Tower Corp., Ltd., <br> Class H (HKD) (c) (e) | 5071358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1496122 | ZTE Corp., Class H (HKD) (f) | 5217309 |
|  |  | 10288667 |
|  | **Finland — 2.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119411 | Elisa Oyj (EUR) | 5296116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 831310 | Nokia Oyj, ADR | 5378576 |
|  |  | 10674692 |
|  | **France — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133550 | Orange S.A. (EUR) | 2228658 |
|  | **Germany — 1.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68139 | Deutsche Telekom AG (EUR) | 2214926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122970 | &nbsp;&nbsp;&nbsp; Infineon Technologies AG <br> (EUR) | 5452520 |
|  |  | 7667446 |
|  | **Guernsey — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67079 | Amdocs Ltd. | 5400530 |
|  | **Hong Kong — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4348166 | Lenovo Group Ltd. (HKD) | 5173528 |
|  | **India — 7.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94903 | Bharti Airtel Ltd. (INR) | 2223288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285640 | HCL Technologies Ltd. (INR) | 5158906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 297030 | Infosys Ltd., ADR (f) | 5293074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149680 | &nbsp;&nbsp;&nbsp; Tata Consultancy Services Ltd. <br> (INR) | 5339422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 304532 | Tech Mahindra Ltd. (INR) | 5390334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1868244 | Wipro Ltd., ADR (f) | 5305813 |
|  |  | 28710837 |
|  | **Indonesia — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10070140 | &nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk <br> PT (IDR) | 2101595 |
|  | **Italy — 3.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595630 | &nbsp;&nbsp;&nbsp; Infrastrutture Wireless Italiane <br> S.p.A. (EUR) (c) (e) | 5519370 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Italy (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53587 | Prysmian S.p.A. (EUR) | $5439812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3741952 | Telecom Italia S.p.A. (EUR) (d) | 2259455 |
|  |  | 13218637 |
|  | **Japan — 10.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202020 | Fujitsu Ltd. (JPY) | 5583150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124196 | KDDI Corp. (JPY) | 2147503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 377384 | Kyocera Corp. (JPY) | 5291905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178265 | Mitsubishi Electric Corp. (JPY) | 5217984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149495 | NEC Corp. (JPY) | 5067789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5289150 | NTT, Inc. (JPY) | 5324942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 383759 | &nbsp;&nbsp;&nbsp; Renesas Electronics Corp. <br> (JPY) (d) (f) | 5242877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1545580 | SoftBank Corp. (JPY) | 2119449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200080 | Sony Group Corp. (JPY) | 5139951 |
|  |  | 41135550 |
|  | **Malaysia — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2685955 | CelcomDigi Bhd (MYR) | 2111433 |
|  | **Mexico — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2016472 | &nbsp;&nbsp;&nbsp; America Movil S.A.B. de C.V., <br> Series B (MXN) | 2086179 |
|  | **Netherlands — 3.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 474962 | Koninklijke KPN N.V. (EUR) | 2219303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22806 | NXP Semiconductors N.V. | 4950270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 204456 | STMicroelectronics N.V. (EUR) | 5400212 |
|  |  | 12569785 |
|  | **Norway — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151126 | Telenor ASA (NOK) | 2199423 |
|  | **Qatar — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 592619 | Ooredoo QPSC (QAR) | 2120798 |
|  | **Russia — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 755018 | &nbsp;&nbsp;&nbsp; Mobile TeleSystems PJSC, <br> ADR (d) (g) (h) (i) | 0 |
|  | **Singapore — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610452 | &nbsp;&nbsp;&nbsp; Singapore Telecommunications <br> Ltd. (SGD) | 2160850 |
|  | **South Africa — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230300 | MTN Group Ltd. (ZAR) | 2357238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270457 | Vodacom Group Ltd. (ZAR) | 2307867 |
|  |  | 4665105 |
|  | **South Korea — 5.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123859 | KT Corp., ADR | 2349605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82246 | LG Electronics, Inc. (KRW) | 5246890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72588 | &nbsp;&nbsp;&nbsp; Samsung Electronics Co., Ltd. <br> (KRW) | 6041652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44660 | &nbsp;&nbsp;&nbsp; Samsung SDS Co., Ltd. <br> (KRW) (d) | 5316851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59494 | SK Telecom Co., Ltd. (KRW) | 2209524 |
|  |  | 21164522 |

---

------

**First Trust Indxx NextG ETF (NXTG)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Spain — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72359 | &nbsp;&nbsp;&nbsp; Cellnex Telecom S.A. <br> (EUR) (c) (e) | $2332543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499538 | Telefonica S.A. (EUR) | 2050588 |
|  |  | 4383131 |
|  | **Sweden — 2.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135277 | Tele2 AB, Class B (SEK) | 2270902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 541119 | &nbsp;&nbsp;&nbsp; Telefonaktiebolaget LM <br> Ericsson, Class B (SEK) | 5325084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 529188 | Telia Co., AB (SEK) | 2263555 |
|  |  | 9859541 |
|  | **Switzerland — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3117 | Swisscom AG (CHF) | 2264655 |
|  | **Taiwan — 10.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 587172 | Advantech Co., Ltd. (TWD) | 5382013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 676028 | &nbsp;&nbsp;&nbsp; ASE Technology Holding Co., <br> Ltd. (TWD) | 5389635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 518619 | &nbsp;&nbsp;&nbsp; Chunghwa Telecom Co., Ltd. <br> (TWD) | 2154001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174909 | Delta Electronics, Inc. (TWD) | 5360747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 774058 | &nbsp;&nbsp;&nbsp; Far EasTone <br> Telecommunications Co., Ltd. <br> (TWD) | 2175310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118487 | MediaTek, Inc. (TWD) | 5392543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 636042 | Taiwan Mobile Co., Ltd. (TWD) | 2196355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17343 | &nbsp;&nbsp;&nbsp; Taiwan Semiconductor <br> Manufacturing Co., Ltd., ADR | 5270364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3397509 | &nbsp;&nbsp;&nbsp; United Microelectronics Corp. <br> (TWD) | 5325419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36568 | Wiwynn Corp. (TWD) | 5219760 |
|  |  | 43866147 |
|  | **Thailand — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220900 | &nbsp;&nbsp;&nbsp; Advanced Info Service PCL <br> (THB) | 2194626 |
|  | **United Arab Emirates — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 428147 | &nbsp;&nbsp;&nbsp; Emirates Telecommunications <br> Group Co. PJSC (AED) | 2137966 |
|  | **United Kingdom — 2.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 519707 | Airtel Africa PLC (GBP) (c) (e) | 2488306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2226496 | BT Group PLC (GBP) | 5523698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1702951 | Vodafone Group PLC (GBP) | 2269775 |
|  |  | 10281779 |
|  | **United States — 34.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23877 | &nbsp;&nbsp;&nbsp; Advanced Micro Devices, <br> Inc. (d) | 5113498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29097 | American Tower Corp. | 5108560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18657 | Analog Devices, Inc. | 5059779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19016 | Apple, Inc. | 5169690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39342 | Arista Networks, Inc. (d) | 5154982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88749 | AT&T, Inc. | 2204525 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United States (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13011 | Broadcom, Inc. | $4503107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21814 | Ciena Corp. (d) | 5101640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66698 | Cisco Systems, Inc. | 5137747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57569 | Crown Castle, Inc. | 5116157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33290 | Digital Realty Trust, Inc. | 5150296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20659 | EchoStar Corp., Class A (d) | 2245633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7011 | Equinix, Inc. | 5371548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19993 | F5, Inc. (d) | 5103413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215449 | Hewlett Packard Enterprise Co. | 5175085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133818 | Intel Corp. (d) | 4937884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17015 | &nbsp;&nbsp;&nbsp; International Business Machines <br> Corp. | 5040013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24690 | Keysight Technologies, Inc. (d) | 5016761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59120 | Marvell Technology, Inc. | 5024018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76525 | Microchip Technology, Inc. | 4876173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20456 | Micron Technology, Inc. | 5838347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14365 | Motorola Solutions, Inc. | 5506392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29222 | NVIDIA Corp. | 5449903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59134 | Qorvo, Inc. (d) | 4997414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29167 | QUALCOMM, Inc. | 4989015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27419 | SBA Communications Corp. | 5303657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77467 | Skyworks Solutions, Inc. | 4912183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155412 | Super Micro Computer, Inc. (d) | 4548909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11041 | T-Mobile US, Inc. | 2241765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53620 | Verizon Communications, Inc. | 2183943 |
|  |  | 141582037 |
|  | **Total Common Stocks** | 408081215 |
|  | (Cost $340,235,369) |  |
| **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1898082 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - 3.65% (j) | 1898082 |
|  | (Cost $1,898,082) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**First Trust Indxx NextG ETF (NXTG)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 3.9%** | **REPURCHASE AGREEMENTS — 3.9%** | **REPURCHASE AGREEMENTS — 3.9%** |
| $15900284 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 3.82% (j), dated 12/31/25, due <br> 01/02/26, with a maturity <br> value of $15,903,658. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 3.63% to <br> 4.75%, due 12/31/29 to <br> 05/15/55. The value of the <br> collateral including accrued <br> interest is $16,218,295. (k) | $15900284 |
|  | (Cost $15,900,284) |  |
|  | **Total Investments — 103.8%** | 425879581 |
|  | (Cost $358,033,735) |  |
|  | **Net Other Assets and** <br> **Liabilities — (3.8)%** | (15627523)<br>|
|  | **Net Assets — 100.0%** | $410252058 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&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) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;(f) All or a portion of this security is on loan for securities lending. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $15,186,768 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $15,900,284.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be illiquid by First Trust Advisors L.P., the Fund's advisor.

&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 December 31, 2025, securities noted as such are valued at $0 or 0.0% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(i) This security's value was determined using significant unobservable inputs (see Valuation Inputs in the Additional Information section).

&nbsp;&nbsp;&nbsp;&nbsp;(j) Rate shown reflects yield as of December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(k) This security serves as collateral for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| ADR | – American Depositary Receipt |
| AED | – United Arab Emirates Dirham |
| AUD | – Australian Dollar |
| CAD | – Canadian Dollar |
| CHF | – Swiss Franc |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| HKD | – Hong Kong Dollar |
| IDR | – Indonesian Rupiah |
| INR | – Indian Rupee |
| JPY | – Japanese Yen |
| KRW | – South Korean Won |
| MXN | – Mexican Peso |
| MYR | – Malaysian Ringgit |
| NOK | – Norwegian Krone |
| QAR | – Qatari Riyal |
| SEK | – Swedish Krona |
| SGD | – Singapore Dollar |
| THB | – Thai Baht |
| TWD | – New Taiwan Dollar |
| USD | – United States Dollar |
| ZAR | – South African Rand |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Information Technology | &nbsp;&nbsp; 58.8% |
| Communication Services | &nbsp;&nbsp; 26.0 |
| Real Estate | &nbsp;&nbsp;&nbsp; 6.1 |
| Repurchase Agreements | &nbsp;&nbsp;&nbsp; 3.7 |
| Industrials | &nbsp;&nbsp;&nbsp; 2.5 |
| Consumer Discretionary | &nbsp;&nbsp;&nbsp; 2.4 |
| Money Market Funds | &nbsp;&nbsp;&nbsp; 0.5 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**First Trust Indxx NextG ETF (NXTG)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| USD | &nbsp;&nbsp; 45.9% |
| JPY | &nbsp;&nbsp;&nbsp; 9.7 |
| EUR | &nbsp;&nbsp;&nbsp; 9.5 |
| TWD | &nbsp;&nbsp;&nbsp; 9.1 |
| HKD | &nbsp;&nbsp;&nbsp; 4.8 |
| KRW | &nbsp;&nbsp;&nbsp; 4.4 |
| INR | &nbsp;&nbsp;&nbsp; 4.2 |
| GBP | &nbsp;&nbsp;&nbsp; 2.4 |
| SEK | &nbsp;&nbsp;&nbsp; 2.3 |
| CAD | &nbsp;&nbsp;&nbsp; 1.6 |
| ZAR | &nbsp;&nbsp;&nbsp; 1.1 |
| CHF | &nbsp;&nbsp;&nbsp; 0.5 |
| NOK | &nbsp;&nbsp;&nbsp; 0.5 |
| THB | &nbsp;&nbsp;&nbsp; 0.5 |
| SGD | &nbsp;&nbsp;&nbsp; 0.5 |
| AUD | &nbsp;&nbsp;&nbsp; 0.5 |
| AED | &nbsp;&nbsp;&nbsp; 0.5 |
| QAR | &nbsp;&nbsp;&nbsp; 0.5 |
| MYR | &nbsp;&nbsp;&nbsp; 0.5 |
| IDR | &nbsp;&nbsp;&nbsp; 0.5 |
| MXN | &nbsp;&nbsp;&nbsp; 0.5 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of December 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**12/31/2025**<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: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Russia | $—<br> \*\*<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—<br> \*\*<br>|
| &nbsp;&nbsp;&nbsp; Thailand | 2194626 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2194626 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Country <br> Categories\*<br>| 405886589 | &nbsp;&nbsp; 405886589 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Money Market Funds | 1898082 | &nbsp;&nbsp; 1898082 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 15900284 | &nbsp;&nbsp; — | &nbsp;&nbsp; 15900284 | &nbsp;&nbsp; — |
| Total Investments | $425879581 | &nbsp;&nbsp; $407784671 | &nbsp;&nbsp; $18094910 | &nbsp;&nbsp; $—<br> \*\*<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for country breakout.

\*\* Investment is valued at $0.

Level 3 investments are fair valued by the Advisor's Pricing Committee and are footnoted in the Portfolio of Investments. All Level 3 values are based on unobservable inputs.

------

**First Trust S-Network Future Vehicles & Technology ETF (CARZ)**

**Portfolio of Investments**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.9%** | **COMMON STOCKS (a) (b) — 99.9%** | **COMMON STOCKS (a) (b) — 99.9%** |
|  | **Australia — 2.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61778 | IGO Ltd. (AUD) (c) | $338067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325145 | Liontown Ltd. (AUD) (c) | 341753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126782 | Pilbara Minerals Ltd. (AUD) (c) | 357046 |
|  |  | 1036866 |
|  | **Austria — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15192 | ams-OSRAM AG (CHF) (c) | 150558 |
|  | **Canada — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5007 | Magna International, Inc. | 266873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30017 | Sigma Lithium Corp. (c) (d) | 395924 |
|  |  | 662797 |
|  | **Cayman Islands — 5.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2646 | Ambarella, Inc. (c) | 187443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1773 | Baidu, Inc., ADR (c) | 231660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84178 | &nbsp;&nbsp;&nbsp; Black Sesame International <br> Holding Ltd. (HKD) (c) (d) | 208533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87370 | &nbsp;&nbsp;&nbsp; Geely Automobile Holdings Ltd. <br> (HKD) | 200949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8993 | Hesai Group, ADR (c) | 201443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189037 | Horizon Robotics (HKD) (c) (d) | 210346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18332 | Li Auto, Inc., Class A (HKD) (c) | 152753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29897 | NIO, Inc., ADR (c) | 152475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10028 | Pony AI, Inc., ADR (c) | 145406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44645 | &nbsp;&nbsp;&nbsp; RoboSense Technology Co., Ltd. <br> (HKD) (c) (d) | 209954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18632 | WeRide, Inc., ADR (c) (d) | 161726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19133 | XPeng, Inc., Class A (HKD) (c) | 195074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121945 | &nbsp;&nbsp;&nbsp; Yadea Group Holdings Ltd. <br> (HKD) (e) (f) | 178153 |
|  |  | 2435915 |
|  | **China — 2.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22419 | BYD Co., Ltd., Class H (HKD) | 274667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49232 | &nbsp;&nbsp;&nbsp; CALB Group Co., Ltd., Class H <br> (HKD) (c) (e) (f) | 158905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2932 | &nbsp;&nbsp;&nbsp; Contemporary Amperex <br> Technology Co., Ltd., Class H <br> (HKD) | 190438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33966 | &nbsp;&nbsp;&nbsp; Ganfeng Lithium Group Co., <br> Ltd., Class H (HKD) (e) (f) | 226725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65437 | &nbsp;&nbsp;&nbsp; Minieye Technology Co., Ltd., <br> Class H (HKD) (c) (d) | 118301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35730 | &nbsp;&nbsp;&nbsp; Tianqi Lithium Corp., Class H <br> (HKD) (c) | 234368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26137 | &nbsp;&nbsp;&nbsp; Zhejiang Leapmotor Technology <br> Co., Ltd., Class H <br> (HKD) (c) (e) (f) | 163283 |
|  |  | 1366687 |
|  | **France — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3579 | Schneider Electric SE (EUR) | 987998 |
|  | **Germany — 3.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5518 | Aumovio SE (EUR) (c) | 278455 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Germany (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2398 | &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG <br> (EUR) | $262480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8269 | &nbsp;&nbsp;&nbsp; Infineon Technologies AG <br> (EUR) | 366650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4931 | &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG <br> (EUR) | 348100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2876 | Wacker Chemie AG (EUR) | 234394 |
|  |  | 1490079 |
|  | **Indonesia — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1604357 | &nbsp;&nbsp;&nbsp; Merdeka Copper Gold Tbk PT <br> (IDR) (c) | 219366 |
|  | **Ireland — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1881 | TE Connectivity PLC | 427946 |
|  | **Japan — 5.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15200 | Denso Corp. (JPY) | 209408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500 | &nbsp;&nbsp;&nbsp; Furukawa Electric Co., Ltd. <br> (JPY) | 223666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21792 | Honda Motor Co., Ltd. (JPY) | 213691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12700 | NIDEC CORP. (JPY) | 172857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18200 | Panasonic Holdings Corp. (JPY) | 235110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18800 | &nbsp;&nbsp;&nbsp; Renesas Electronics Corp. <br> (JPY) (c) | 256844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10910 | Subaru Corp. (JPY) | 236462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57360 | Toyota Motor Corp. (JPY) | 1228934 |
|  |  | 2776972 |
|  | **Jersey — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2697 | Aptiv PLC (c) | 205215 |
|  | **Netherlands — 2.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 872 | Ferrari N.V. | 322257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1605 | NXP Semiconductors N.V. | 348381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20862 | Stellantis N.V. (EUR) | 231955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7771 | STMicroelectronics N.V. | 201580 |
|  |  | 1104173 |
|  | **South Korea — 9.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2685 | Ecopro BM Co., Ltd. (KRW) (c) | 273244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1051 | Hyundai Mobis Co., Ltd. (KRW) | 272134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1419 | Hyundai Motor Co. (KRW) | 292065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2997 | Kia Corp. (KRW) | 253399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1125 | LG Chem Ltd. (KRW) | 260057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2131 | &nbsp;&nbsp;&nbsp; POSCO Future M Co., Ltd. <br> (KRW) (c) | 276628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31577 | &nbsp;&nbsp;&nbsp; Samsung Electronics Co., Ltd. <br> (KRW) | 2628220 |
|  |  | 4255747 |
|  | **Sweden — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11157 | Volvo AB, Class B (SEK) | 358590 |
|  | **Switzerland — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45985 | Lithium Argentina AG (c) | 256596 |

---

------

**First Trust S-Network Future Vehicles & Technology ETF (CARZ)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Taiwan — 4.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6694 | &nbsp;&nbsp;&nbsp; Taiwan Semiconductor <br> Manufacturing Co., Ltd., ADR | $2034240 |
|  | **United States — 57.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13583 | Adeia, Inc. | 234307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8619 | &nbsp;&nbsp;&nbsp; Advanced Micro Devices, <br> Inc. (c) | 1845845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13793 | Aeva Technologies, Inc. (c) | 183171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2311 | Albemarle Corp. | 326868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8034 | Allegro MicroSystems, Inc. (c) | 211937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8311 | Alphabet, Inc., Class A | 2601343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35742 | &nbsp;&nbsp;&nbsp; American Battery Technology <br> Co. (c) | 119378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17411 | Amprius Technologies, Inc. (c) | 137373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3128 | Analog Devices, Inc. | 848314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7901 | Apple, Inc. | 2147966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40848 | Aurora Innovation, Inc. (c) (d) | 156856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19111 | Cerence, Inc. (c) | 204297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1787 | Cirrus Logic, Inc. (c) | 211759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 868 | Cummins, Inc. | 443071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47758 | EVgo, Inc. (c) | 138976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24847 | Ford Motor Co. | 325993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6060 | General Motors Co. | 492799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50232 | &nbsp;&nbsp;&nbsp; indie Semiconductor, Inc., <br> Class A (c) (d) | 177319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26683 | Intel Corp. (c) | 984603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2990 | Lattice Semiconductor Corp. (c) | 220004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10283 | Lucid Group, Inc. (c) (d) | 108691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5438 | Marvell Technology, Inc. | 462121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13974 | MaxLinear, Inc. (c) | 243567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3386 | Microchip Technology, Inc. | 215756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10437 | Micron Technology, Inc. | 2978824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3842 | Microsoft Corp. | 1858068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49125 | Microvast Holdings, Inc. (c) | 137550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14634 | &nbsp;&nbsp;&nbsp; Mobileye Global, Inc., <br> Class A (c) | 152779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10424 | NVIDIA Corp. | 1944076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4463 | ON Semiconductor Corp. (c) | 241671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7229 | Ouster, Inc. (c) | 156435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3285 | PACCAR, Inc. | 359740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2475 | Qorvo, Inc. (c) | 209162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6872 | QUALCOMM, Inc. | 1175456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2259 | Rambus, Inc. (c) | 207579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17038 | &nbsp;&nbsp;&nbsp; Rivian Automotive, Inc., <br> Class A (c) | 335819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1664 | Silicon Laboratories, Inc. (c) | 217485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 720 | SiTime Corp. (c) | 254297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3029 | Skyworks Solutions, Inc. | 192069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36987 | Solid Power, Inc. (c) | 157195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3320 | Synaptics, Inc. (c) | 245746 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United States (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4609 | Tesla, Inc. (c) | $2072759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5787 | Texas Instruments, Inc. | 1003987 |
|  |  | 26943011 |
|  | **Total Common Stocks** | 46712756 |
|  | (Cost $36,307,399) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51408 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.65% (g) | 51408 |
|  | (Cost $51,408) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 2.2%** | **REPURCHASE AGREEMENTS — 2.2%** | **REPURCHASE AGREEMENTS — 2.2%** |
| $1018299 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 3.82% (g), dated 12/31/25, <br> due 01/02/26, with a maturity <br> value of $1,018,515. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 3.63% to <br> 4.75%, due 12/31/29 to <br> 05/15/55. The value of the <br> collateral including accrued <br> interest is $1,038,665. (h) | 1018299 |
|  | (Cost $1,018,299) |  |
|  | **Total Investments — 102.2%** | 47782463 |
|  | (Cost $37,377,106) |  |
|  | **Net Other Assets and** <br> **Liabilities — (2.2)%** | (1006999)<br>|
|  | **Net Assets — 100.0%** | $46775464 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(d) All or a portion of this security is on loan for securities lending. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $954,239 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $1,018,299.

------

**First Trust S-Network Future Vehicles & Technology ETF (CARZ)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(e) 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;(f) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Rate shown reflects yield as of December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(h) This security serves as collateral for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| ADR | – American Depositary Receipt |
| AUD | – Australian Dollar |
| CHF | – Swiss Franc |
| EUR | – Euro |
| HKD | – Hong Kong Dollar |
| IDR | – Indonesian Rupiah |
| JPY | – Japanese Yen |
| KRW | – South Korean Won |
| SEK | – Swedish Krona |
| USD | – United States Dollar |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Information Technology | &nbsp;&nbsp; 55.3% |
| Consumer Discretionary | &nbsp;&nbsp; 22.2 |
| Industrials | &nbsp;&nbsp;&nbsp; 7.5 |
| Materials | &nbsp;&nbsp;&nbsp; 6.9 |
| Communication Services | &nbsp;&nbsp;&nbsp; 5.9 |
| Repurchase Agreements | &nbsp;&nbsp;&nbsp; 2.1 |
| Money Market Funds | &nbsp;&nbsp;&nbsp; 0.1 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| USD | &nbsp;&nbsp; 70.2% |
| KRW | &nbsp;&nbsp;&nbsp; 8.9 |
| JPY | &nbsp;&nbsp;&nbsp; 5.8 |
| HKD | &nbsp;&nbsp;&nbsp; 5.7 |
| EUR | &nbsp;&nbsp;&nbsp; 5.7 |
| AUD | &nbsp;&nbsp;&nbsp; 2.2 |
| SEK | &nbsp;&nbsp;&nbsp; 0.7 |
| IDR | &nbsp;&nbsp;&nbsp; 0.5 |
| CHF | &nbsp;&nbsp;&nbsp; 0.3 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of December 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**12/31/2025**<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\* | $46712756 | &nbsp;&nbsp; $46712756 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Money Market Funds | 51408 | &nbsp;&nbsp; 51408 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Repurchase Agreements | 1018299 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1018299 | &nbsp;&nbsp; — |
| Total Investments | $47782463 | &nbsp;&nbsp; $46764164 | &nbsp;&nbsp; $1018299 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for country breakout.

------

**First Trust Cloud Computing ETF (SKYY)**

**Portfolio of Investments**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** |
|  | **Broadline Retail — 3.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 469780 | Amazon.com, Inc. (a) | $108434620 |
|  | **Communications Equipment** <br> **— 6.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 838394 | Arista Networks, Inc. (a) | 109854766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 949324 | Cisco Systems, Inc. | 73126428 |
|  |  | 182981194 |
|  | **Diversified Telecommunication** <br> **Services — 2.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11257878 | Lumen Technologies, Inc. (a) | 87473712 |
|  | **Financial Services — 0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 534083 | Toast, Inc., Class A (a) | 18965287 |
|  | **Health Care Technology —** <br> **0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75994 | Veeva Systems, Inc., Class A (a) | 16964141 |
|  | **Interactive Media & Services** <br> **— 3.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 342187 | Alphabet, Inc., Class A | 107104531 |
|  | **IT Services — 23.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 815918 | Akamai Technologies, Inc. (a) | 71188845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 364823 | Cloudflare, Inc., Class A (a) | 71924854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1248655 | CoreWeave, Inc., Class A (a) | 89416185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1048481 | DigitalOcean Holdings, Inc. (a) | 50452906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2552570 | Fastly, Inc., Class A (a) | 25985163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 355050 | &nbsp;&nbsp;&nbsp; International Business Machines <br> Corp. | 105169360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 274699 | MongoDB, Inc. (a) | 115288423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345313 | Shopify, Inc., Class A (a) | 55585034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72681 | Snowflake, Inc. (a) | 15943304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 422400 | Twilio, Inc., Class A (a) | 60082176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 381572 | Wix.com Ltd. (a) | 39641515 |
|  |  | 700677765 |
|  | **Media — 0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 461588 | &nbsp;&nbsp;&nbsp; Trade Desk (The), Inc., <br> Class A (a) | 17521880 |
|  | **Professional Services — 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113300 | Paycom Software, Inc. | 18055488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123944 | Paylocity Holding Corp. (a) | 18901460 |
|  |  | 36956948 |
|  | **Software — 49.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171121 | Adobe, Inc. (a) | 59890639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79990 | Appfolio, Inc., Class A (a) | 18609673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 703438 | Appian Corp., Class A (a) | 24915774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91378 | AppLovin Corp., Class A (a) | 61572324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1417724 | Asana, Inc., Class A (a) | 19436996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 366381 | Atlassian Corp., Class A (a) | 59405015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 323879 | Blackbaud, Inc. (a) | 20508018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320409 | BlackLine, Inc. (a) | 17715414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 618153 | Box, Inc., Class A (a) | 18488956 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Software (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462062 | Confluent, Inc., Class A (a) | $74452755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35863 | &nbsp;&nbsp;&nbsp; CrowdStrike Holdings, Inc., <br> Class A (a) | 16811140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114120 | Datadog, Inc., Class A (a) | 15519179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 263309 | Docusign, Inc. (a) | 18010336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 644875 | Domo, Inc., Class B (a) | 5436296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 611117 | Dropbox, Inc., Class A (a) | 16989053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258900 | Elastic N.V. (a) | 19531416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1320059 | Five9, Inc. (a) | 26467183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1334168 | Gitlab, Inc., Class A (a) | 50071325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149138 | HubSpot, Inc. (a) | 59849079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28795 | Intuit, Inc. | 19074384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 639365 | Klaviyo, Inc., Class A (a) | 20760181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222682 | Microsoft Corp. | 107693469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2292084 | Nutanix, Inc., Class A (a) | 118477822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 542815 | Open Text Corp. | 17684913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 542522 | Oracle Corp. | 105742963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96040 | Palo Alto Networks, Inc. (a) | 17690568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253160 | Q2 Holdings, Inc. (a) | 18268026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129642 | Qualys, Inc. (a) | 17229422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1007607 | RingCentral, Inc., Class A (a) | 29099690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 790260 | Rubrik, Inc., Class A (a) | 60439085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237617 | Salesforce, Inc. | 62947119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151070 | SAP SE, ADR | 36696414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 337150 | ServiceNow, Inc. (a) | 51648008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 613033 | ServiceTitan, Inc., Class A (a) | 65288014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 886445 | Sprout Social, Inc., Class A (a) | 9990235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84688 | Workday, Inc., Class A (a) | 18189289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 591839 | Workiva, Inc. (a) | 51046114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214930 | Zoom Communications, Inc. (a) | 18546310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72604 | Zscaler, Inc. (a) | 16330092 |
|  |  | 1466522689 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 8.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410805 | Dell Technologies, Inc., Class C | 51712133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504842 | Hewlett Packard Enterprise Co. | 60166305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 491047 | NetApp, Inc. | 52586223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1231586 | Pure Storage, Inc., Class A (a) | 82528578 |
|  |  | 246993239 |
|  | **Total Common Stocks** | 2990596006 |
|  | (Cost $2,441,400,921) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1853573 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.65% (b) | 1853573 |
|  | (Cost $1,853,573) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**First Trust Cloud Computing ETF (SKYY)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 0.0%** | **REPURCHASE AGREEMENTS — 0.0%** | **REPURCHASE AGREEMENTS — 0.0%** |
| $45448 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 3.82% (b), dated 12/31/25, <br> due 01/02/26, with a maturity <br> value of $45,458. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 3.63% to <br> 4.75%, due 12/31/29 to <br> 05/15/55. The value of the <br> collateral including accrued <br> interest is $46,357. (c) | $45448 |
|  | (Cost $45,448) |  |
|  | **Total Investments — 100.0%** | 2992495027 |
|  | (Cost $2,443,299,942) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (446335)<br>|
|  | **Net Assets — 100.0%** | $2992048692 |

---

&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 December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(c) This security serves as collateral for securities on loan.

&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 December 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**12/31/2025**<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\* | $2990596006 | &nbsp;&nbsp; $2990596006 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| &nbsp;&nbsp; Money Market <br> Funds<br>| 1853573 | &nbsp;&nbsp; 1853573 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 45448 | &nbsp;&nbsp; — | &nbsp;&nbsp; 45448 | &nbsp;&nbsp; — |
| Total Investments | $2992495027 | &nbsp;&nbsp; $2992449579 | &nbsp;&nbsp; $45448 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for industry breakout.

------

**First Trust International Equity Opportunities ETF (FPXI)**

**Portfolio of Investments**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.8%** | **COMMON STOCKS (a) (b) — 99.8%** | **COMMON STOCKS (a) (b) — 99.8%** |
|  | **Belgium — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11357 | UCB S.A. (EUR) | $3184530 |
|  | **Bermuda — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42721 | Viking Holdings Ltd. (c) | 3050707 |
|  | **Brazil — 4.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1357598 | &nbsp;&nbsp;&nbsp; Caixa Seguridade Participacoes <br> S.A. (BRL) | 4117574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94824 | Localiza Rent a Car S.A. (BRL) | 753954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3647 | &nbsp;&nbsp;&nbsp; Localiza Rent a Car S.A. <br> (Preference Shares) (BRL) | 27620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167094 | &nbsp;&nbsp;&nbsp; Rede D'Or Sao Luiz S.A. <br> (BRL) (d) (e) | 1238321 |
|  |  | 6137469 |
|  | **Canada — 14.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39543 | Agnico Eagle Mines Ltd. | 6703725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7725 | Celestica, Inc. (c) | 2283587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42608 | Definity Financial Corp. (CAD) | 2357091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13515 | Gildan Activewear, Inc. (CAD) | 844743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44276 | Groupe Dynamite, Inc. (CAD) | 2666786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42345 | Nutrien Ltd. (f) | 2613533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144737 | &nbsp;&nbsp;&nbsp; Triple Flag Precious Metals <br> Corp. | 4808163 |
|  |  | 22277628 |
|  | **Cayman Islands — 13.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129359 | Amer Sports, Inc. (c) | 4831559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56482 | &nbsp;&nbsp;&nbsp; Atour Lifestyle Holdings Ltd., <br> ADR | 2225391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24389 | Futu Holdings Ltd., ADR (c) | 4004918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1069200 | Horizon Robotics (HKD) (c) | 1189725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 649400 | &nbsp;&nbsp;&nbsp; J&T Global Express Ltd. <br> (HKD) (c) | 871963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 184914 | NetEase, Inc. (HKD) | 5098814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219708 | &nbsp;&nbsp;&nbsp; WuXi XDC Cayman, Inc. <br> (HKD) (c) | 1714991 |
|  |  | 19937361 |
|  | **Chile — 3.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83824 | &nbsp;&nbsp;&nbsp; Latam Airlines Group S.A., <br> ADR | 4527334 |
|  | **China — 10.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99962 | &nbsp;&nbsp;&nbsp; Contemporary Amperex <br> Technology Co., Ltd., Class H <br> (HKD) | 6492707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1029400 | &nbsp;&nbsp;&nbsp; Guotai Haitong Securities Co., <br> Ltd., Class H (HKD) (d) (e) | 2200935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 672922 | &nbsp;&nbsp;&nbsp; Shandong Gold Mining Co., <br> Ltd., Class H (HKD) (d) (e) | 2991648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81708 | &nbsp;&nbsp;&nbsp; Sichuan Kelun-Biotech <br> Biopharmaceutical Co., Ltd., <br> Class H (HKD) (c) | 4117579 |
|  |  | 15802869 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Germany — 7.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21921 | Auto1 Group SE (EUR) (c) | $703290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4538 | HOCHTIEF AG (EUR) | 1797238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57823 | Siemens Energy AG (EUR) (c) | 8181602 |
|  |  | 10682130 |
|  | **Italy — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69792 | Lottomatica Group S.p.A. (EUR) | 1837236 |
|  | **Japan — 15.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111800 | Advantest Corp. (JPY) | 14014256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10900 | Fuji Electric Co., Ltd. (JPY) | 824598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31600 | Kioxia Holdings Corp. (JPY) (c) | 2105120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27800 | Kokusai Electric Corp. (JPY) | 975236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28000 | Rakuten Bank Ltd. (JPY) (c) | 1235546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103900 | Shionogi & Co., Ltd. (JPY) | 1884448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2087300 | &nbsp;&nbsp;&nbsp; Sony Financial Group, Inc. <br> (JPY) (c) | 2212026 |
|  |  | 23251230 |
|  | **Netherlands — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53626 | &nbsp;&nbsp;&nbsp; Magnum Ice Cream (The) Co. <br> N.V. (EUR) (c) | 858097 |
|  | **Norway — 3.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80288 | &nbsp;&nbsp;&nbsp; Gjensidige Forsikring ASA <br> (NOK) | 2405454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173290 | Norsk Hydro ASA (NOK) | 1344373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81865 | Orkla ASA (NOK) | 913672 |
|  |  | 4663499 |
|  | **South Africa — 3.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61963 | Valterra Platinum Ltd. (GBP) | 5195113 |
|  | **South Korea — 3.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7775 | &nbsp;&nbsp;&nbsp; HD Hyundai Heavy Industries <br> Co., Ltd. (KRW) | 2747197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6544 | &nbsp;&nbsp;&nbsp; HD Hyundai Marine Solution <br> Co., Ltd. (KRW) | 879014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53580 | &nbsp;&nbsp;&nbsp; Woori Financial Group, Inc. <br> (KRW) | 1041436 |
|  |  | 4667647 |
|  | **Sweden — 1.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132123 | Tele2 AB, Class B (SEK) | 2217956 |
|  | **Switzerland — 10.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27782 | Galderma Group AG (CHF) | 5685472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41376 | Holcim AG (CHF) | 4061858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77077 | Sandoz Group AG (CHF) | 5628246 |
|  |  | 15375576 |
|  | **Taiwan — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151304 | Yageo Corp. (TWD) | 1112370 |

---

------

**First Trust International Equity Opportunities ETF (FPXI)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **United Kingdom — 3.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30977 | ARM Holdings PLC, ADR (c) | $3386096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49330 | Endeavour Mining PLC (CAD) | 2540268 |
|  |  | 5926364 |
|  | **Total Common Stocks** | 150705116 |
|  | (Cost $120,415,668) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133965 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.65% (g) | 133965 |
|  | (Cost $133,965) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 1.6%** | **REPURCHASE AGREEMENTS — 1.6%** | **REPURCHASE AGREEMENTS — 1.6%** |
| $2445513 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 3.82% (g), dated 12/31/25, <br> due 01/02/26, with a maturity <br> value of $2,446,032. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 3.63% to <br> 4.75%, due 12/31/29 to <br> 05/15/55. The value of the <br> collateral including accrued <br> interest is $2,494,424. (h) | 2445513 |
|  | (Cost $2,445,513) |  |
|  | **Total Investments — 101.5%** | 153284594 |
|  | (Cost $122,995,146) |  |
|  | **Net Other Assets and** <br> **Liabilities — (1.5)%** | (2265413)<br>|
|  | **Net Assets — 100.0%** | $151019181 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(d) This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act") and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(f) All or a portion of this security is on loan for securities lending. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $2,349,063 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $2,445,513.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Rate shown reflects yield as of December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(h) This security serves as collateral for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| ADR | – American Depositary Receipt |
| BRL | – Brazilian Real |
| CAD | – Canadian Dollar |
| CHF | – Swiss Franc |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| HKD | – Hong Kong Dollar |
| JPY | – Japanese Yen |
| KRW | – South Korean Won |
| NOK | – Norwegian Krone |
| SEK | – Swedish Krona |
| TWD | – New Taiwan Dollar |
| USD | – United States Dollar |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Materials | &nbsp;&nbsp; 19.7% |
| Industrials | &nbsp;&nbsp; 17.7 |
| Information Technology | &nbsp;&nbsp; 16.3 |
| Health Care | &nbsp;&nbsp; 15.3 |
| Financials | &nbsp;&nbsp; 12.8 |
| Consumer Discretionary | &nbsp;&nbsp; 10.5 |
| Communication Services | &nbsp;&nbsp;&nbsp; 4.8 |
| Repurchase Agreements | &nbsp;&nbsp;&nbsp; 1.6 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 1.2 |
| Money Market Funds | &nbsp;&nbsp;&nbsp; 0.1 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| USD | &nbsp;&nbsp; 26.8% |
| HKD | &nbsp;&nbsp; 16.1 |
| JPY | &nbsp;&nbsp; 15.2 |
| EUR | &nbsp;&nbsp; 10.8 |
| CHF | &nbsp;&nbsp; 10.0 |
| CAD | &nbsp;&nbsp;&nbsp; 5.5 |
| BRL | &nbsp;&nbsp;&nbsp; 4.0 |
| GBP | &nbsp;&nbsp;&nbsp; 3.4 |
| KRW | &nbsp;&nbsp;&nbsp; 3.0 |
| NOK | &nbsp;&nbsp;&nbsp; 3.0 |
| SEK | &nbsp;&nbsp;&nbsp; 1.5 |
| TWD | &nbsp;&nbsp;&nbsp; 0.7 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**First Trust International Equity Opportunities ETF (FPXI)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of December 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**12/31/2025**<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\* | $150705116 | &nbsp;&nbsp; $150705116 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Money Market Funds | 133965 | &nbsp;&nbsp; 133965 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 2445513 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2445513 | &nbsp;&nbsp; — |
| Total Investments | $153284594 | &nbsp;&nbsp; $150839081 | &nbsp;&nbsp; $2445513 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for country breakout.

------

**First Trust Nasdaq Cybersecurity ETF (CIBR)**

**Portfolio of Investments**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.5%** | **COMMON STOCKS (a) (b) — 99.5%** | **COMMON STOCKS (a) (b) — 99.5%** |
|  | **Canada — 3.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 21442741 | BlackBerry Ltd. (c) | $81267988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8944552 | Open Text Corp. (CAD) (d) | 291298295 |
|  |  | 372566283 |
|  | **France — 4.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1669608 | Thales S.A. (EUR) | 450895405 |
|  | **India — 8.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 49971347 | Infosys Ltd., ADR (d) | 890489403 |
|  | **Israel — 4.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2338430 | &nbsp;&nbsp;&nbsp; Check Point Software <br> Technologies Ltd. (c) | 433919071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1340531 | Radware Ltd. (c) | 32293392 |
|  |  | 466212463 |
|  | **Japan — 1.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4892773 | Trend Micro, Inc. (JPY) (d) | 203095059 |
|  | **United Kingdom — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6562201 | NCC Group PLC (GBP) | 12312917 |
|  | **United States — 77.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1909323 | A10 Networks, Inc. | 33775924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4495650 | Akamai Technologies, Inc. (c) | 392245463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4164918 | &nbsp;&nbsp;&nbsp; Booz Allen Hamilton Holding <br> Corp. | 351352483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2167704 | Broadcom, Inc. | 750242354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11352979 | Cisco Systems, Inc. | 874519972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2181463 | Cloudflare, Inc., Class A (c) | 430075430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1292842 | Commvault Systems, Inc. (c) | 162070673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1715573 | &nbsp;&nbsp;&nbsp; CrowdStrike Holdings, Inc., <br> Class A (c) | 804192000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1613555 | F5, Inc. (c) | 411876049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5383322 | Fortinet, Inc. (c) | 427489600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 16562366 | Gen Digital, Inc. | 450330732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2285450 | Leidos Holdings, Inc. | 412295180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2061026 | NetScout Systems, Inc. (c) | 55771364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4837806 | Okta, Inc. (c) | 418325085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1144300 | OneSpan, Inc. | 14692812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4594217 | Palo Alto Networks, Inc. (c) | 846254771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1037538 | Qualys, Inc. (c) | 137888800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1995680 | Rapid7, Inc. (c) | 30334336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4988191 | Rubrik, Inc., Class A (c) | 381496848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1323133 | &nbsp;&nbsp;&nbsp; Science Applications <br> International Corp. | 133186568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10672554 | SentinelOne, Inc., Class A (c) | 160088310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3637312 | Tenable Holdings, Inc. (c) | 85585951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3729660 | Varonis Systems, Inc. (c) | 122332848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1736583 | Zscaler, Inc. (c) | 390592248 |
|  |  | 8277015801 |
|  | **Total Common Stocks** | 10672587331 |
|  | (Cost $8,938,434,744) |  |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** | **MONEY MARKET FUNDS — 0.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 46072222 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.65% (e) | $46072222 |
|  | (Cost $46,072,222) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 8.9%** | **REPURCHASE AGREEMENTS — 8.9%** | **REPURCHASE AGREEMENTS — 8.9%** |
| $956444886 | &nbsp;&nbsp;&nbsp; RBC Dominion Securities, Inc., <br> 3.80% (e), dated 12/31/25, due <br> 01/02/26, with a maturity <br> value of $956,646,802. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 5.00%, due 01/22/26 to <br> 11/15/55. The value of the <br> collateral including accrued <br> interest is $975,573,784. (f) | 956444886 |
|  | (Cost $956,444,886) |  |
|  | **Total Investments — 108.9%** | 11675104439 |
|  | (Cost $9,940,951,852) |  |
|  | **Net Other Assets and** <br> **Liabilities — (8.9)%** | (950669136)<br>|
|  | **Net Assets — 100.0%** | $10724435303 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(d) All or a portion of this security is on loan for securities lending. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $918,131,938 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $956,444,886.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Rate shown reflects yield as of December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(f) This security serves as collateral for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| ADR | – American Depositary Receipt |
| CAD | – Canadian Dollar |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| JPY | – Japanese Yen |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**First Trust Nasdaq Cybersecurity ETF (CIBR)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Information Technology | &nbsp;&nbsp; 79.9% |
| Industrials | &nbsp;&nbsp; 11.5 |
| Repurchase Agreements | &nbsp;&nbsp;&nbsp; 8.2 |
| Money Market Funds | &nbsp;&nbsp;&nbsp; 0.4 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of December 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**12/31/2025**<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>|
| &nbsp;&nbsp; Common <br> Stocks\*<br>| $10672587331 | &nbsp;&nbsp; $10672587331 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| &nbsp;&nbsp; Money Market <br> Funds<br>| 46072222 | &nbsp;&nbsp; 46072222 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| 956444886 | &nbsp;&nbsp; — | &nbsp;&nbsp; 956444886 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Total <br> Investments<br>| $11675104439 | &nbsp;&nbsp; $10718659553 | &nbsp;&nbsp; $956444886 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for country breakout.

------

**First Trust IPOX**<sup>®</sup> **Europe Equity Opportunities ETF (FPXE)**

**Portfolio of Investments**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.8%** | **COMMON STOCKS (a) (b) — 99.8%** | **COMMON STOCKS (a) (b) — 99.8%** |
|  | **Austria — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 139 | ANDRITZ AG (EUR) | $10904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 413 | &nbsp;&nbsp;&nbsp; BAWAG Group AG <br> (EUR) (c) (d) | 62611 |
|  |  | 73515 |
|  | **Belgium — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 261 | UCB S.A. (EUR) | 73185 |
|  | **Bermuda — 4.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2036 | SiriusPoint Ltd. (e) | 44568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2527 | Viking Holdings Ltd. (e) | 180453 |
|  |  | 225021 |
|  | **Cayman Islands — 3.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3899 | Amer Sports, Inc. (e) | 145628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1118 | IHS Holding Ltd. (e) | 8340 |
|  |  | 153968 |
|  | **Cyprus — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1795 | &nbsp;&nbsp;&nbsp; HeadHunter Group PLC, <br> ADR (e) (f) (g) (h) | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 329 | &nbsp;&nbsp;&nbsp; Theon International PLC <br> (EUR) (i) | 10362 |
|  |  | 10362 |
|  | **Finland — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12134 | Mandatum Oyj (EUR) | 98165 |
|  | **France — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5917 | Canal+ SA (GBP) | 21263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1192 | Exosens SAS (EUR) | 67871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 323 | Nanobiotix S.A. (EUR) (e) | 7402 |
|  |  | 96536 |
|  | **Germany — 13.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1006 | Aumovio SE (EUR) (e) | 50766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1185 | Auto1 Group SE (EUR) (e) | 38018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 733 | &nbsp;&nbsp;&nbsp; Dr. Ing hc F Porsche AG <br> (Preference Shares) <br> (EUR) (c) (d) | 39298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2656 | E.ON SE (EUR) | 50331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 944 | &nbsp;&nbsp;&nbsp; Fresenius SE & Co. KGaA <br> (EUR) | 54338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54 | &nbsp;&nbsp;&nbsp; Friedrich Vorwerk Group SE <br> (EUR) | 5178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104 | HOCHTIEF AG (EUR) | 41188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 939 | IONOS Group SE (EUR) (e) | 29519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1232 | &nbsp;&nbsp;&nbsp; Jumia Technologies AG, <br> ADR (e) | 15388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182 | Pfisterer Holding SE (EUR) (e) | 16362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134 | RENK Group AG (EUR) | 8444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1267 | Schaeffler AG (EUR) | 12448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1732 | Siemens Energy AG (EUR) (e) | 245068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 341 | &nbsp;&nbsp;&nbsp; Tkms AG& Co. KGaA <br> (EUR) (e) | 26489 |
|  |  | 632835 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Greece — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1557 | &nbsp;&nbsp;&nbsp; Athens International Airport <br> S.A. (EUR) | $19652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4600 | Optima bank S.A. (EUR) | 41679 |
|  |  | 61331 |
|  | **Guernsey — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2547 | Genius Sports Ltd. (e) | 28068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2373 | Super Group SGHC Ltd. | 28357 |
|  |  | 56425 |
|  | **Ireland — 1.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 674 | CRH PLC | 84115 |
|  | **Italy — 7.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157 | Banca Generali S.p.A. (EUR) | 10554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166 | Banca IFIS S.p.A. (EUR) | 4951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10159 | Banco BPM S.p.A. (EUR) | 155444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2497 | Hera S.p.A. (EUR) | 11796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4893 | Lottomatica Group S.p.A. (EUR) | 128805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 397 | Prysmian S.p.A. (EUR) | 40301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 876 | Technoprobe S.p.A. (EUR) (e) | 12560 |
|  |  | 364411 |
|  | **Jersey — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 268 | &nbsp;&nbsp;&nbsp; Coinshares International Ltd. <br> (SEK) | 3377 |
|  | **Luxembourg — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8070 | Zabka Group S.A. (PLN) (e) | 51477 |
|  | **Netherlands — 4.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71 | &nbsp;&nbsp;&nbsp; COSMO Pharmaceuticals N.V. <br> (CHF) | 9430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325 | CTP N.V. (EUR) (c) (d) | 6814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 347 | Iveco Group N.V. (EUR) | 7656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3079 | &nbsp;&nbsp;&nbsp; Magnum Ice Cream (The) Co. <br> N.V. (EUR) (e) | 49269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 304 | &nbsp;&nbsp;&nbsp; Newamsterdam Pharma Co. <br> N.V. (e) | 10664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 644 | Pharvaris N.V. (e) | 17871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1233 | Prosus N.V. (EUR) | 76581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 359 | Technip Energies N.V. (EUR) | 13703 |
|  |  | 191988 |
|  | **Norway — 5.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1321 | DOF Group ASA (NOK) | 12483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2347 | &nbsp;&nbsp;&nbsp; Gjensidige Forsikring ASA <br> (NOK) | 70317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 384 | Hoegh Autoliners ASA (NOK) | 3735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2816 | &nbsp;&nbsp;&nbsp; LINK Mobility Group Holding <br> ASA (NOK) (e) | 9470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 429 | NORBIT ASA (NOK) | 7967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7239 | Norconsult Norge A/S (NOK) | 32963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2653 | Norsk Hydro ASA (NOK) | 20582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2686 | Orkla ASA (NOK) | 29978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4780 | SATS ASA (NOK) | 19253 |

---

------

**First Trust IPOX**<sup>®</sup> **Europe Equity Opportunities ETF (FPXE)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Norway (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1762 | &nbsp;&nbsp;&nbsp; SpareBank 1 Sor-Norge ASA <br> (NOK) | $34681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6695 | Var Energi ASA (NOK) | 21918 |
|  |  | 263347 |
|  | **Poland — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 317 | &nbsp;&nbsp;&nbsp; Diagnostyka S.A., Series D/E/F <br> (PLN) | 15099 |
|  | **South Africa — 3.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1868 | Valterra Platinum Ltd. (GBP) | 156617 |
|  | **Spain — 2.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33683 | Banco de Sabadell S.A. (EUR) | 133201 |
|  | **Sweden — 6.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 564 | Ambea AB (SEK) (c) (d) | 8656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 514 | &nbsp;&nbsp;&nbsp; Asker Healthcare Group AB <br> (SEK) (e) | 4712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 832 | BioArctic AB (SEK) (c) (d) (e) | 28087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 805 | Enity Holding AB (SEK) (e) | 9116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759 | Intea Fastigheter AB (SEK) (e) | 5445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2011 | &nbsp;&nbsp;&nbsp; NOBA Bank Group AB <br> (SEK) (e) | 25732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2523 | Nordnet AB publ (SEK) | 74047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4118 | Rusta AB (SEK) | 38691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3606 | &nbsp;&nbsp;&nbsp; Scandic Hotels Group AB <br> (SEK) (c) (d) | 38111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1983 | Synsam AB (SEK) | 14539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3268 | Tele2 AB, Class B (SEK) | 54860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3995 | &nbsp;&nbsp;&nbsp; Volvo Car AB, Class B <br> (SEK) (e) | 13322 |
|  |  | 315318 |
|  | **Switzerland — 22.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1267 | Accelleron Industries AG (CHF) | 98452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196 | Avolta AG (CHF) | 11664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1595 | Galderma Group AG (CHF) | 326410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 | Geberit AG (CHF) | 23467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2280 | Holcim AG (CHF) | 223826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 217 | Roche Holding AG (CHF) | 89912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2508 | Sandoz Group AG (CHF) | 183137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 888 | &nbsp;&nbsp;&nbsp; SMG Swiss Marketplace Group <br> AG (CHF) (c) (d) (e) | 40751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2263 | &nbsp;&nbsp;&nbsp; Sportradar Group AG, <br> Class A (e) | 53792 |
|  |  | 1051411 |
|  | **United Kingdom — 11.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4320 | Aberdeen Group PLC (GBP) | 11972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 711 | ARM Holdings PLC, ADR (e) | 77719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 991 | &nbsp;&nbsp;&nbsp; Centessa Pharmaceuticals PLC, <br> ADR (e) | 24785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5297 | Dowlais Group PLC (GBP) | 5998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 914 | Drax Group PLC (GBP) | 10312 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United Kingdom (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2266 | Endeavour Mining PLC (CAD) | $116689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 683 | GSK PLC, ADR | 33494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10152 | Haleon PLC (GBP) | 51289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2590 | Informa PLC (GBP) | 30862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 482 | Klarna Group PLC (e) (i) | 13935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9677 | M&G PLC (GBP) | 37358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287 | Marex Group PLC | 11009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2391 | OSB Group PLC (GBP) | 20546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 545 | Rio Tinto PLC (GBP) | 44034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6723 | Serco Group PLC (GBP) | 25302 |
|  |  | 515304 |
|  | **United States — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1461 | Atai Beckley, Inc. (e) | 5976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2274 | Gen Digital, Inc. | 61830 |
|  |  | 67806 |
|  | **Total Common Stocks** | 4694814 |
|  | (Cost $3,978,391) |  |
| **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7022 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - 3.65% (j) | 7022 |
|  | (Cost $7,022) |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 0.3%** | **REPURCHASE AGREEMENTS — 0.3%** | **REPURCHASE AGREEMENTS — 0.3%** |
| $13997 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 3.82% (j), dated 12/31/25, due <br> 01/02/26, with a maturity <br> value of $14,000. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 3.63% to <br> 4.75%, due 12/31/29 to <br> 05/15/55. The value of the <br> collateral including accrued <br> interest is $14,277. (k) | 13997 |
|  | (Cost $13,997) |  |
|  | **Total Investments — 100.3%** | 4715833 |
|  | (Cost $3,999,410) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.3)%** | (12857)<br>|
|  | **Net Assets — 100.0%** | $4702976 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

------

**First Trust IPOX**<sup>®</sup> **Europe Equity Opportunities ETF (FPXE)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&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) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be illiquid by First Trust Advisors L.P., the Fund's advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(g) 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 December 31, 2025, securities noted as such are valued at $0 or 0.0% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(h) This security's value was determined using significant unobservable inputs (see Valuation Inputs in the Additional Information section).

&nbsp;&nbsp;&nbsp;&nbsp;(i) All or a portion of this security is on loan for securities lending. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $13,370 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $13,997.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Rate shown reflects yield as of December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(k) This security serves as collateral for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| ADR | – American Depositary Receipt |
| CAD | – Canadian Dollar |
| CHF | – Swiss Franc |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| NOK | – Norwegian Krone |
| PLN | – Polish Zloty |
| SEK | – Swedish Krona |
| USD | – United States Dollar |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Health Care | &nbsp;&nbsp; 20.0% |
| Consumer Discretionary | &nbsp;&nbsp; 19.9 |
| Financials | &nbsp;&nbsp; 18.3 |
| Industrials | &nbsp;&nbsp; 14.4 |
| Materials | &nbsp;&nbsp; 13.7 |
| Information Technology | &nbsp;&nbsp;&nbsp; 4.2 |
| Communication Services | &nbsp;&nbsp;&nbsp; 3.3 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 2.8 |
| Utilities | &nbsp;&nbsp;&nbsp; 1.5 |
| All Other | &nbsp;&nbsp;&nbsp; 1.9 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| EUR | &nbsp;&nbsp; 35.2% |
| CHF | &nbsp;&nbsp; 21.3 |
| USD | &nbsp;&nbsp; 18.4 |
| GBP | &nbsp;&nbsp;&nbsp; 8.8 |
| SEK | &nbsp;&nbsp;&nbsp; 6.8 |
| NOK | &nbsp;&nbsp;&nbsp; 5.6 |
| CAD | &nbsp;&nbsp;&nbsp; 2.5 |
| PLN | &nbsp;&nbsp;&nbsp; 1.4 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of December 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**12/31/2025**<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: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cyprus | $10362 | &nbsp;&nbsp; $10362 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—<br> \*\*<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Country <br> Categories\*<br>| 4684452 | &nbsp;&nbsp; 4684452 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Money Market Funds | 7022 | &nbsp;&nbsp; 7022 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Repurchase Agreements | 13997 | &nbsp;&nbsp; — | &nbsp;&nbsp; 13997 | &nbsp;&nbsp; — |
| Total Investments | $4715833 | &nbsp;&nbsp; $4701836 | &nbsp;&nbsp; $13997 | &nbsp;&nbsp; $—<br> \*\*<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for country breakout.

\*\* Investment is valued at $0.

Level 3 investments are fair valued by the Advisor's Pricing Committee and are footnoted in the Portfolio of Investments. All Level 3 values are based on unobservable inputs.

------

**First Trust Dow Jones International Internet ETF (FDNI)**

**Portfolio of Investments**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.2%** | **COMMON STOCKS (a) (b) — 99.2%** | **COMMON STOCKS (a) (b) — 99.2%** |
|  | **Australia — 3.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19635 | CAR Group Ltd. (AUD) | $403062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13975 | IREN Ltd. (c) | 527836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2561 | REA Group Ltd. (AUD) | 313430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10764 | WiseTech Global Ltd. (AUD) | 491774 |
|  |  | 1736102 |
|  | **Canada — 10.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4360 | &nbsp;&nbsp;&nbsp; Descartes Systems Group (The), <br> Inc. (CAD) (c) | 382490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30677 | Shopify, Inc., Class A (CAD) (c) | 4939432 |
|  |  | 5321922 |
|  | **Cayman Islands — 51.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 261568 | &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd. <br> (HKD) | 4799351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112369 | Baidu, Inc., Class A (HKD) (c) | 1898637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3116 | Futu Holdings Ltd., ADR (c) | 511679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53790 | &nbsp;&nbsp;&nbsp; JD Health International, Inc. <br> (HKD) (c) (d) (e) | 383587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137082 | JD.com, Inc., Class A (HKD) | 1965687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144666 | &nbsp;&nbsp;&nbsp; Kuaishou Technology <br> (HKD) (d) (e) | 1188712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180340 | &nbsp;&nbsp;&nbsp; Meituan, Class B <br> (HKD) (c) (d) (e) | 2393658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85523 | NetEase, Inc. (HKD) | 2358209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22822 | PDD Holdings, Inc., ADR (c) | 2587787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18651 | Sea Ltd., ADR (c) | 2379308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66455 | Tencent Holdings Ltd. (HKD) | 5114748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25540 | &nbsp;&nbsp;&nbsp; Tencent Music Entertainment <br> Group, ADR | 447716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11772 | Vipshop Holdings Ltd., ADR | 208247 |
|  |  | 26237326 |
|  | **Germany — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11140 | &nbsp;&nbsp;&nbsp; Delivery Hero SE <br> (EUR) (c) (d) (e) | 297444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3731 | Scout24 SE (EUR) (d) (e) | 376204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11221 | Zalando SE (EUR) (c) (d) (e) | 334156 |
|  |  | 1007804 |
|  | **Isle Of Man — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31408 | Entain PLC (GBP) | 324550 |
|  | **Japan — 3.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127576 | LY Corp. (JPY) | 339790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23000 | M3, Inc. (JPY) | 310406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20382 | Nexon Co., Ltd. (JPY) | 497969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77673 | Rakuten Group, Inc. (JPY) (c) | 497853 |
|  |  | 1646018 |
|  | **Luxembourg — 5.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40106 | Allegro.eu S.A. (PLN) (c) (d) (e) | 346542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4170 | Spotify Technology S.A. (c) | 2421561 |
|  |  | 2768103 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Netherlands — 9.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1487 | Adyen N.V. (EUR) (c) (d) (e) | $2402841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40123 | Prosus N.V. (EUR) | 2492009 |
|  |  | 4894850 |
|  | **New Zealand — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8541 | Xero Ltd. (AUD) (c) | 649897 |
|  | **South Africa — 4.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37182 | Naspers Ltd., Class N (ZAR) | 2479945 |
|  | **South Korea — 4.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15519 | Kakao Corp. (KRW) | 647456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1482 | Krafton, Inc. (KRW) (c) | 253078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7274 | NAVER Corp. (KRW) | 1224494 |
|  |  | 2125028 |
|  | **Switzerland — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 675 | &nbsp;&nbsp;&nbsp; Swissquote Group Holding S.A. <br> (CHF) | 415004 |
|  | **Taiwan — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13462 | &nbsp;&nbsp;&nbsp; International Games System Co., <br> Ltd. (TWD) | 308910 |
|  | **United Kingdom — 1.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44583 | &nbsp;&nbsp;&nbsp; Auto Trader Group PLC <br> (GBP) (d) (e) | 352399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35689 | Wise PLC, Class A (GBP) (c) | 428632 |
|  |  | 781031 |
|  | **Total Common Stocks** | 50696490 |
|  | (Cost $56,055,960) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48289 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.65% (f) | 48289 |
|  | (Cost $48,289) |  |
|  | **Total Investments — 99.3%** | 50744779 |
|  | (Cost $56,104,249) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.7%** | 375976 |
|  | **Net Assets — 100.0%** | $51120755 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Non-income producing security.

------

**First Trust Dow Jones International Internet ETF (FDNI)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(d) This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act") and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Rate shown reflects yield as of December 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 |
| AUD | – Australian Dollar |
| CAD | – Canadian Dollar |
| CHF | – Swiss Franc |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| HKD | – Hong Kong Dollar |
| JPY | – Japanese Yen |
| KRW | – South Korean Won |
| PLN | – Polish Zloty |
| TWD | – New Taiwan Dollar |
| USD | – United States Dollar |
| ZAR | – South African Rand |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Consumer Discretionary | &nbsp;&nbsp; 41.6% |
| Communication Services | &nbsp;&nbsp; 35.8 |
| Information Technology | &nbsp;&nbsp; 13.8 |
| Financials | &nbsp;&nbsp;&nbsp; 7.4 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 0.7 |
| Health Care | &nbsp;&nbsp;&nbsp; 0.6 |
| Money Market Funds | &nbsp;&nbsp;&nbsp; 0.1 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| HKD | &nbsp;&nbsp; 39.6% |
| USD | &nbsp;&nbsp; 18.0 |
| EUR | &nbsp;&nbsp; 11.6 |
| CAD | &nbsp;&nbsp; 10.5 |
| ZAR | &nbsp;&nbsp;&nbsp; 4.9 |
| KRW | &nbsp;&nbsp;&nbsp; 4.2 |
| AUD | &nbsp;&nbsp;&nbsp; 3.7 |
| JPY | &nbsp;&nbsp;&nbsp; 3.2 |
| GBP | &nbsp;&nbsp;&nbsp; 2.2 |
| CHF | &nbsp;&nbsp;&nbsp; 0.8 |
| PLN | &nbsp;&nbsp;&nbsp; 0.7 |
| TWD | &nbsp;&nbsp;&nbsp; 0.6 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of December 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**12/31/2025**<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\* | $50696490 | &nbsp;&nbsp; $50696490 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Money Market Funds | 48289 | &nbsp;&nbsp; 48289 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $50744779 | &nbsp;&nbsp; $50744779 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for country breakout.

------

**First Trust Bloomberg Emerging Market Democracies ETF (EMDM)**

**Portfolio of Investments**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.8%** | **COMMON STOCKS (a) (b) — 99.8%** | **COMMON STOCKS (a) (b) — 99.8%** |
|  | **Bermuda — 1.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 676 | Credicorp Ltd. | $194012 |
|  | **Brazil — 14.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29678 | Ambev S.A. (BRL) | 75065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9549 | Axia Energia (BRL) | 88193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2509 | &nbsp;&nbsp;&nbsp; Axia Energia, (Preference <br> Shares) (BRL) (c) | 22490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36063 | &nbsp;&nbsp;&nbsp; B3 S.A. - Brasil Bolsa Balcao <br> (BRL) | 91412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44588 | &nbsp;&nbsp;&nbsp; Banco Bradesco S.A. (Preference <br> Shares) (BRL) | 148010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19687 | Banco do Brasil S.A. (BRL) | 78752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25950 | &nbsp;&nbsp;&nbsp; Banco Santander Brasil S.A. <br> (BRL) | 161295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41142 | &nbsp;&nbsp;&nbsp; Itau Unibanco Holding S.A. <br> (Preference Shares) (BRL) | 294539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42964 | &nbsp;&nbsp;&nbsp; Itausa S.A. (Preference Shares) <br> (BRL) | 91577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57129 | &nbsp;&nbsp;&nbsp; Petroleo Brasileiro S.A. - <br> Petrobras (Preference Shares) <br> (BRL) | 321313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20063 | Vale S.A. (BRL) | 263467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13718 | WEG S.A. (BRL) | 121440 |
|  |  | 1757553 |
|  | **Hungary — 2.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3215 | OTP Bank Nyrt (HUF) | 345065 |
|  | **India — 13.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1204 | &nbsp;&nbsp;&nbsp; Adani Ports & Special Economic <br> Zone Ltd. (INR) | 19689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 741 | Asian Paints Ltd. (INR) | 22833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 367 | &nbsp;&nbsp;&nbsp; Avenue Supermarts Ltd. <br> (INR) (c) (d) (e) | 15444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4161 | Axis Bank Ltd. (INR) | 58767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168 | Bajaj Auto Ltd. (INR) | 17464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3946 | Bajaj Finance Ltd. (INR) | 43324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 852 | Bajaj Finserv Ltd. (INR) | 19337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5410 | Bharat Electronics Ltd. (INR) | 24053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4174 | Bharti Airtel Ltd. (INR) | 97784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 893 | Cipla Ltd. (INR) | 15016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11159 | Eternal Ltd. (INR) (c) | 34521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 543 | Grasim Industries Ltd. (INR) | 17091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1370 | HCL Technologies Ltd. (INR) | 24743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21615 | HDFC Bank Ltd. (INR) | 238373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2067 | Hindalco Industries Ltd. (INR) | 20392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1190 | Hindustan Unilever Ltd. (INR) | 30662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10306 | ICICI Bank Ltd. (INR) | 153983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4838 | Infosys Ltd. (INR) | 86953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310 | &nbsp;&nbsp;&nbsp; InterGlobe Aviation Ltd. <br> (INR) (d) (e) | 17451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11169 | ITC Ltd. (INR) | 50079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1314 | JSW Steel Ltd. (INR) | 17029 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **India (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2071 | &nbsp;&nbsp;&nbsp; Kotak Mahindra Bank Ltd. <br> (INR) | $50718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1218 | &nbsp;&nbsp;&nbsp; Kwality Wall's India Ltd. <br> (INR) (c) (f) (g) | 517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1494 | Larsen & Toubro Ltd. (INR) | 67877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1364 | &nbsp;&nbsp;&nbsp; Mahindra & Mahindra Ltd. <br> (INR) | 56290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183 | Maruti Suzuki India Ltd. (INR) | 33996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6495 | NTPC Ltd. (INR) | 23814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6390 | &nbsp;&nbsp;&nbsp; Power Grid Corp. of India Ltd. <br> (INR) | 18812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9422 | Reliance Industries Ltd. (INR) | 164624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42 | Shree Cement Ltd. (INR) | 12418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2067 | Shriram Finance Ltd. (INR) | 22910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5269 | State Bank of India (INR) | 57580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1593 | &nbsp;&nbsp;&nbsp; Sun Pharmaceutical Industries <br> Ltd. (INR) | 30480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1335 | &nbsp;&nbsp;&nbsp; Tata Consultancy Services Ltd. <br> (INR) | 47622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2964 | &nbsp;&nbsp;&nbsp; Tata Motors Passenger Vehicles <br> Ltd. (INR) | 12114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11643 | Tata Steel Ltd. (INR) | 23328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 846 | Tech Mahindra Ltd. (INR) | 14975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 560 | Titan Co., Ltd. (INR) | 25243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315 | Trent Ltd. (INR) | 14997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176 | UltraTech Cement Ltd. (INR) | 23075 |
|  |  | 1726378 |
|  | **Mexico — 13.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305164 | &nbsp;&nbsp;&nbsp; America Movil S.A.B. de C.V., <br> Series B (MXN) | 315713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23581 | &nbsp;&nbsp;&nbsp; Fomento Economico Mexicano <br> S.A.B. de C.V., Series UBD <br> (MXN) | 238148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31559 | &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte <br> S.A.B. de C.V., Class O <br> (MXN) | 292570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70592 | &nbsp;&nbsp;&nbsp; Grupo Mexico S.A.B. de C.V., <br> Series B (MXN) | 666542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56517 | &nbsp;&nbsp;&nbsp; Wal-Mart de Mexico S.A.B. de <br> C.V. (MXN) | 176166 |
|  |  | 1689139 |
|  | **Poland — 6.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3344 | &nbsp;&nbsp;&nbsp; Bank Polska Kasa Opieki S.A. <br> (PLN) | 191046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9262 | ORLEN S.A. (PLN) | 247958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13657 | &nbsp;&nbsp;&nbsp; Powszechna Kasa Oszczednosci <br> Bank Polski S.A. (PLN) | 323964 |
|  |  | 762968 |
|  | **South Africa — 12.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 740 | &nbsp;&nbsp;&nbsp; Capitec Bank Holdings Ltd. <br> (ZAR) | 185706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42096 | FirstRand Ltd. (ZAR) | 230689 |

---

------

**First Trust Bloomberg Emerging Market Democracies ETF (EMDM)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **South Africa (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7200 | Gold Fields Ltd. (ZAR) | $315526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13515 | MTN Group Ltd. (ZAR) | 138333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6514 | Naspers Ltd., Class N (ZAR) | 434467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10734 | &nbsp;&nbsp;&nbsp; Standard Bank Group Ltd. <br> (ZAR) | 188234 |
|  |  | 1492955 |
|  | **South Korea — 18.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75 | Alteogen, Inc. (KRW) (c) | 23403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 338 | Celltrion, Inc. (KRW) | 42468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 622 | &nbsp;&nbsp;&nbsp; Hana Financial Group, Inc. <br> (KRW) | 40630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81 | &nbsp;&nbsp;&nbsp; Hanwha Aerospace Co., Ltd. <br> (KRW) (c) | 52911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129 | Hyundai Mobis Co., Ltd. (KRW) | 33402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 404 | Hyundai Motor Co. (KRW) | 83153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 806 | &nbsp;&nbsp;&nbsp; KB Financial Group, Inc. <br> (KRW) | 69771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 529 | Kia Corp. (KRW) | 44727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287 | NAVER Corp. (KRW) | 48313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167 | POSCO Holdings, Inc. (KRW) | 35358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp; Samsung Biologics Co., Ltd. <br> (KRW) (c) (d) (e) | 25886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13860 | &nbsp;&nbsp;&nbsp; Samsung Electronics Co., Ltd. <br> (KRW) | 1153597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp; Samsung Episholdings Co., Ltd. <br> (KRW) (c) | 6189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1038 | &nbsp;&nbsp;&nbsp; Shinhan Financial Group Co., <br> Ltd. (KRW) | 55411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1215 | SK hynix, Inc. (KRW) | 549072 |
|  |  | 2264291 |
|  | **Taiwan — 14.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4413 | &nbsp;&nbsp;&nbsp; ASE Technology Holding Co., <br> Ltd. (TWD) | 35183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 874 | Asustek Computer, Inc. (TWD) | 15243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11678 | &nbsp;&nbsp;&nbsp; Cathay Financial Holding Co., <br> Ltd. (TWD) | 28172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5585 | &nbsp;&nbsp;&nbsp; Chunghwa Telecom Co., Ltd. <br> (TWD) | 23196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23127 | &nbsp;&nbsp;&nbsp; CTBC Financial Holding Co., <br> Ltd. (TWD) | 36950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2432 | Delta Electronics, Inc. (TWD) | 74538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18755 | &nbsp;&nbsp;&nbsp; E.Sun Financial Holding Co., <br> Ltd. (TWD) | 20146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2452 | &nbsp;&nbsp;&nbsp; Evergreen Marine Corp. Taiwan <br> Ltd. (TWD) | 14827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15159 | &nbsp;&nbsp;&nbsp; First Financial Holding Co., Ltd. <br> (TWD) | 14184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10309 | &nbsp;&nbsp;&nbsp; Fubon Financial Holding Co., <br> Ltd. (TWD) | 31530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15484 | &nbsp;&nbsp;&nbsp; Hon Hai Precision Industry Co., <br> Ltd. (TWD) | 113590 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Taiwan (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1884 | MediaTek, Inc. (TWD) | $85744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14971 | &nbsp;&nbsp;&nbsp; Mega Financial Holding Co., <br> Ltd. (TWD) | 19059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 739 | &nbsp;&nbsp;&nbsp; Novatek Microelectronics Corp. <br> (TWD) | 8796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3509 | Quanta Computer, Inc. (TWD) | 30377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25022 | &nbsp;&nbsp;&nbsp; Taiwan Semiconductor <br> Manufacturing Co., Ltd. <br> (TWD) | 1234357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6029 | &nbsp;&nbsp;&nbsp; Uni-President Enterprises Corp. <br> (TWD) | 14794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15316 | &nbsp;&nbsp;&nbsp; United Microelectronics Corp. <br> (TWD) | 24007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16726 | &nbsp;&nbsp;&nbsp; Yuanta Financial Holding Co., <br> Ltd. (TWD) | 20921 |
|  |  | 1845614 |
|  | **United Kingdom — 2.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4021 | Anglogold Ashanti PLC (ZAR) | 347989 |
|  | **Total Common Stocks** | 12425964 |
|  | (Cost $8,575,033) |  |
| **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31723 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.65% (h) | 31723 |
|  | (Cost $31,723) |  |
|  | **Total Investments — 100.1%** | 12457687 |
|  | (Cost $8,606,756) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.1)%** | (7636)<br>|
|  | **Net Assets — 100.0%** | $12450051 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(d) This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act") and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

------

**First Trust Bloomberg Emerging Market Democracies ETF (EMDM)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(f) Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be illiquid by First Trust Advisors L.P., the Fund's advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(g) 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 December 31, 2025, securities noted as such are valued at $517 or 0.0% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Rate shown reflects yield as of December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| BRL | – Brazilian Real |
| HUF | – Hungarian Forint |
| INR | – Indian Rupee |
| KRW | – South Korean Won |
| MXN | – Mexican Peso |
| PLN | – Polish Zloty |
| TWD | – New Taiwan Dollar |
| USD | – United States Dollar |
| ZAR | – South African Rand |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Financials | &nbsp;&nbsp; 30.5% |
| Information Technology | &nbsp;&nbsp; 28.1 |
| Materials | &nbsp;&nbsp; 14.2 |
| Consumer Discretionary | &nbsp;&nbsp;&nbsp; 6.3 |
| Energy | &nbsp;&nbsp;&nbsp; 5.9 |
| Communication Services | &nbsp;&nbsp;&nbsp; 5.0 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 4.8 |
| Industrials | &nbsp;&nbsp;&nbsp; 2.6 |
| Utilities | &nbsp;&nbsp;&nbsp; 1.2 |
| All Other | &nbsp;&nbsp;&nbsp; 1.4 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| KRW | &nbsp;&nbsp; 18.2% |
| TWD | &nbsp;&nbsp; 14.8 |
| ZAR | &nbsp;&nbsp; 14.8 |
| BRL | &nbsp;&nbsp; 14.1 |
| INR | &nbsp;&nbsp; 13.9 |
| MXN | &nbsp;&nbsp; 13.6 |
| PLN | &nbsp;&nbsp;&nbsp; 6.1 |
| HUF | &nbsp;&nbsp;&nbsp; 2.8 |
| USD | &nbsp;&nbsp;&nbsp; 1.7 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of December 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**12/31/2025**<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: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; India | $1726378 | &nbsp;&nbsp; $1725861 | &nbsp;&nbsp; $517 | &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Country <br> Categories\*<br>| 10699586 | &nbsp;&nbsp; 10699586 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Money Market Funds | 31723 | &nbsp;&nbsp; 31723 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $12457687 | &nbsp;&nbsp; $12457170 | &nbsp;&nbsp; $517 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for country breakout.

------

**First Trust Emerging Markets Human Flourishing ETF (FTHF)**

**Portfolio of Investments**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.2%** | **COMMON STOCKS (a) (b) — 99.2%** | **COMMON STOCKS (a) (b) — 99.2%** |
|  | **Brazil — 12.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211586 | &nbsp;&nbsp;&nbsp; B3 S.A. - Brasil Bolsa Balcao <br> (BRL) | $536325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48839 | &nbsp;&nbsp;&nbsp; Cia de Saneamento Basico do <br> Estado de Sao Paulo SABESP <br> (BRL) | 1188847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246160 | &nbsp;&nbsp;&nbsp; Cia Energetica de Minas Gerais <br> (Preference Shares) (BRL) | 503124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272741 | &nbsp;&nbsp;&nbsp; Itau Unibanco Holding S.A. <br> (Preference Shares) (BRL) | 1952576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252114 | &nbsp;&nbsp;&nbsp; Itausa S.A. (Preference Shares) <br> (BRL) | 537377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84101 | PRIO S.A. (BRL) (c) | 635698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205370 | WEG S.A. (BRL) | 1818057 |
|  |  | 7172004 |
|  | **Cayman Islands — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 945 | &nbsp;&nbsp;&nbsp; Alchip Technologies Ltd. <br> (TWD) | 105566 |
|  | **Chile — 1.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1757046 | Banco de Chile (CLP) | 339379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4263 | &nbsp;&nbsp;&nbsp; Banco de Credito e Inversiones <br> S.A. (CLP) | 276363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2512895 | Banco Santander Chile (CLP) | 198334 |
|  |  | 814076 |
|  | **Colombia — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29234 | &nbsp;&nbsp;&nbsp; Grupo Cibest S.A. (Preference <br> Shares) (COP) | 462931 |
|  | **Greece — 1.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101599 | Eurobank S.A. (EUR) | 408942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34038 | &nbsp;&nbsp;&nbsp; National Bank of Greece S.A. <br> (EUR) | 520018 |
|  |  | 928960 |
|  | **Mexico — 8.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38871 | &nbsp;&nbsp;&nbsp; Arca Continental S.A.B. de C.V. <br> (MXN) | 420668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51841 | &nbsp;&nbsp;&nbsp; Coca-Cola Femsa S.A.B. de <br> C.V. (MXN) | 492486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13396 | &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Sureste <br> S.A.B. de C.V., Class B <br> (MXN) | 430859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193288 | &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte <br> S.A.B. de C.V., Class O <br> (MXN) | 1791892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 522248 | &nbsp;&nbsp;&nbsp; Wal-Mart de Mexico S.A.B. de <br> C.V. (MXN) | 1627865 |
|  |  | 4763770 |
|  | **Peru — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22603 | &nbsp;&nbsp;&nbsp; Cia de Minas Buenaventura <br> S.A.A., ADR | 629042 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Philippines — 3.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111500 | &nbsp;&nbsp;&nbsp; Bank of the Philippine Islands <br> (PHP) | $220034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107418 | BDO Unibank, Inc. (PHP) | 245756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106560 | &nbsp;&nbsp;&nbsp; International Container Terminal <br> Services, Inc. (PHP) | 1026975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60260 | SM Investments Corp. (PHP) | 716473 |
|  |  | 2209238 |
|  | **Poland — 7.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8531 | &nbsp;&nbsp;&nbsp; Bank Polska Kasa Opieki S.A. <br> (PLN) | 487384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49568 | &nbsp;&nbsp;&nbsp; Dino Polska S.A. <br> (PLN) (c) (d) (e) | 570929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14141 | &nbsp;&nbsp;&nbsp; KGHM Polska Miedz S.A. <br> (PLN) (c) | 1106070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108 | LPP S.A. (PLN) | 626039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34842 | &nbsp;&nbsp;&nbsp; Powszechna Kasa Oszczednosci <br> Bank Polski S.A. (PLN) | 826503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23088 | &nbsp;&nbsp;&nbsp; Powszechny Zaklad <br> Ubezpieczen S.A. (PLN) | 429218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1568 | &nbsp;&nbsp;&nbsp; Santander Bank Polska S.A. <br> (PLN) | 238214 |
|  |  | 4284357 |
|  | **South Africa — 19.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33427 | Absa Group Ltd. (ZAR) | 483157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13551 | Bid Corp., Ltd. (ZAR) | 345215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3652 | &nbsp;&nbsp;&nbsp; Capitec Bank Holdings Ltd. <br> (ZAR) | 916484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9509 | Clicks Group Ltd. (ZAR) | 193264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23823 | Discovery Ltd. (ZAR) | 327394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207784 | FirstRand Ltd. (ZAR) | 1138671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46032 | Gold Fields Ltd. (ZAR) | 2017263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36443 | &nbsp;&nbsp;&nbsp; Impala Platinum Holdings Ltd. <br> (ZAR) | 576574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32156 | Naspers Ltd., Class N (ZAR) | 2144724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19077 | Nedbank Group Ltd. (ZAR) | 306730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73105 | Sanlam Ltd. (ZAR) | 434789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52982 | &nbsp;&nbsp;&nbsp; Standard Bank Group Ltd. <br> (ZAR) | 929105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9135 | Valterra Platinum Ltd. (ZAR) | 777556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24097 | Vodacom Group Ltd. (ZAR) | 205625 |
|  |  | 10796551 |
|  | **South Korea — 23.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2258 | Celltrion, Inc. (KRW) | 283710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 681 | DB Insurance Co., Ltd. (KRW) | 61976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4158 | &nbsp;&nbsp;&nbsp; Hana Financial Group, Inc. <br> (KRW) | 271610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335 | &nbsp;&nbsp;&nbsp; HD Hyundai Electric Co., Ltd. <br> (KRW) | 179994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272 | &nbsp;&nbsp;&nbsp; HD Hyundai Heavy Industries <br> Co., Ltd. (KRW) | 96108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6535 | HMM Co., Ltd. (KRW) | 92997 |

---

------

**First Trust Emerging Markets Human Flourishing ETF (FTHF)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **South Korea (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70 | &nbsp;&nbsp;&nbsp; Hyosung Heavy Industries Corp. <br> (KRW) (c) | $86543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 859 | Hyundai Mobis Co., Ltd. (KRW) | 222420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1074 | &nbsp;&nbsp;&nbsp; Hyundai Rotem Co., Ltd. <br> (KRW) | 140088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5383 | &nbsp;&nbsp;&nbsp; KB Financial Group, Inc. <br> (KRW) | 465975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3533 | Kia Corp. (KRW) | 298719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 510 | Krafton, Inc. (KRW) (c) | 87092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1920 | NAVER Corp. (KRW) | 323210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142 | &nbsp;&nbsp;&nbsp; Samsung Biologics Co., Ltd. <br> (KRW) (c) (d) (e) | 167082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 813 | &nbsp;&nbsp;&nbsp; Samsung Electro-Mechanics Co., <br> Ltd. (KRW) (c) | 143914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65076 | &nbsp;&nbsp;&nbsp; Samsung Electronics Co., Ltd. <br> (KRW) | 5416412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82 | &nbsp;&nbsp;&nbsp; Samsung Episholdings Co., Ltd. <br> (KRW) (c) | 42293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 505 | &nbsp;&nbsp;&nbsp; Samsung Fire & Marine <br> Insurance Co., Ltd. (KRW) | 174229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1152 | &nbsp;&nbsp;&nbsp; Samsung Life Insurance Co., <br> Ltd. (KRW) | 126032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6931 | &nbsp;&nbsp;&nbsp; Shinhan Financial Group Co., <br> Ltd. (KRW) | 369993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7932 | SK hynix, Inc. (KRW) | 3584556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1274 | SK Square Co., Ltd. (KRW) (c) | 325453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10096 | &nbsp;&nbsp;&nbsp; Woori Financial Group, Inc. <br> (KRW) | 196236 |
|  |  | 13156642 |
|  | **Taiwan — 18.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6042 | &nbsp;&nbsp;&nbsp; Accton Technology Corp. <br> (TWD) | 227869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5724 | Advantech Co., Ltd. (TWD) | 52466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3425 | &nbsp;&nbsp;&nbsp; Asia Vital Components Co., Ltd. <br> (TWD) | 164598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8275 | Asustek Computer, Inc. (TWD) | 144323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110588 | &nbsp;&nbsp;&nbsp; Cathay Financial Holding Co., <br> Ltd. (TWD) | 266787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92062 | &nbsp;&nbsp;&nbsp; Chang Hwa Commercial Bank <br> Ltd. (TWD) | 59918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219008 | &nbsp;&nbsp;&nbsp; CTBC Financial Holding Co., <br> Ltd. (TWD) | 349905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23031 | Delta Electronics, Inc. (TWD) | 705872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9882 | E Ink Holdings, Inc. (TWD) | 62273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177609 | &nbsp;&nbsp;&nbsp; E.Sun Financial Holding Co., <br> Ltd. (TWD) | 190777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3748 | Elite Material Co., Ltd. (TWD) | 196224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 836 | &nbsp;&nbsp;&nbsp; eMemory Technology, Inc. <br> (TWD) | 46030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143550 | &nbsp;&nbsp;&nbsp; First Financial Holding Co., Ltd. <br> (TWD) | 134319 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Taiwan (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97625 | &nbsp;&nbsp;&nbsp; Fubon Financial Holding Co., <br> Ltd. (TWD) | $298587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126340 | &nbsp;&nbsp;&nbsp; Hua Nan Financial Holdings Co., <br> Ltd. (TWD) | 124649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203742 | &nbsp;&nbsp;&nbsp; KGI Financial Holding Co., Ltd. <br> (TWD) | 111855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 840 | &nbsp;&nbsp;&nbsp; King Slide Works Co., Ltd. <br> (TWD) | 100253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 979 | &nbsp;&nbsp;&nbsp; Largan Precision Co., Ltd. <br> (TWD) | 77739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26894 | &nbsp;&nbsp;&nbsp; Lite-On Technology Corp. <br> (TWD) | 139946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17842 | MediaTek, Inc. (TWD) | 812020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141770 | &nbsp;&nbsp;&nbsp; Mega Financial Holding Co., <br> Ltd. (TWD) | 180481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6997 | &nbsp;&nbsp;&nbsp; Novatek Microelectronics Corp. <br> (TWD) | 83286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23033 | Pegatron Corp. (TWD) | 50288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3613 | PharmaEssentia Corp. (TWD) | 54045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33226 | Quanta Computer, Inc. (TWD) | 287630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5741 | &nbsp;&nbsp;&nbsp; Realtek Semiconductor Corp. <br> (TWD) | 89348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47700 | &nbsp;&nbsp;&nbsp; Shanghai Commercial & Savings <br> Bank (The) Ltd. (TWD) | 61636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153059 | &nbsp;&nbsp;&nbsp; SinoPac Financial Holdings Co., <br> Ltd. (TWD) | 139319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131708 | &nbsp;&nbsp;&nbsp; Taiwan Cooperative Financial <br> Holding Co., Ltd. (TWD) | 101860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90803 | &nbsp;&nbsp;&nbsp; Taiwan Semiconductor <br> Manufacturing Co., Ltd. <br> (TWD) | 4479389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298097 | &nbsp;&nbsp;&nbsp; TS Financial Holding Co., Ltd. <br> (TWD) | 193542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145041 | &nbsp;&nbsp;&nbsp; United Microelectronics Corp. <br> (TWD) | 227344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158391 | &nbsp;&nbsp;&nbsp; Yuanta Financial Holding Co., <br> Ltd. (TWD) | 198112 |
|  |  | 10412690 |
|  | **Total Common Stocks** | 55735827 |
|  | (Cost $39,128,851) |  |
| **MONEY MARKET FUNDS — 1.9%** | **MONEY MARKET FUNDS — 1.9%** | **MONEY MARKET FUNDS — 1.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1049944 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 3.65% (f) | 1049944 |
|  | (Cost $1,049,944) |  |
|  | **Total Investments — 101.1%** | 56785771 |
|  | (Cost $40,178,795) |  |
|  | **Net Other Assets and** <br> **Liabilities — (1.1)%** | (608724)<br>|
|  | **Net Assets — 100.0%** | $56177047 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**First Trust Emerging Markets Human Flourishing ETF (FTHF)**

**Portfolio of Investments (Continued)**

**December 31, 2025 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index. For a breakdown of the portfolio securities by sector, please see the Sector Allocation table.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities are issued in U.S. dollars unless otherwise indicated in the security description.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(d) This security is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act") and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Rate shown reflects yield as of December 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 |
| BRL | – Brazilian Real |
| CLP | – Chilean Peso |
| COP | – Colombian Peso |
| EUR | – Euro |
| KRW | – South Korean Won |
| MXN | – Mexican Peso |
| PHP | – Philippine Peso |
| PLN | – Polish Zloty |
| TWD | – New Taiwan Dollar |
| USD | – United States Dollar |
| ZAR | – South African Rand |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Total** <br>**Investments**<br>|
| Financials | &nbsp;&nbsp; 31.8% |
| Information Technology | &nbsp;&nbsp; 30.3 |
| Materials | &nbsp;&nbsp;&nbsp; 9.0 |
| Industrials | &nbsp;&nbsp;&nbsp; 8.7 |
| Consumer Staples | &nbsp;&nbsp;&nbsp; 6.4 |
| Consumer Discretionary | &nbsp;&nbsp;&nbsp; 5.8 |
| Utilities | &nbsp;&nbsp;&nbsp; 3.0 |
| Money Market Funds | &nbsp;&nbsp;&nbsp; 1.8 |
| Energy | &nbsp;&nbsp;&nbsp; 1.1 |
| All Other | &nbsp;&nbsp;&nbsp; 2.1 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| KRW | &nbsp;&nbsp; 23.2% |
| ZAR | &nbsp;&nbsp; 19.0 |
| TWD | &nbsp;&nbsp; 18.5 |
| BRL | &nbsp;&nbsp; 12.6 |
| MXN | &nbsp;&nbsp;&nbsp; 8.4 |
| PLN | &nbsp;&nbsp;&nbsp; 7.6 |
| PHP | &nbsp;&nbsp;&nbsp; 3.9 |
| USD | &nbsp;&nbsp;&nbsp; 3.0 |
| EUR | &nbsp;&nbsp;&nbsp; 1.6 |
| CLP | &nbsp;&nbsp;&nbsp; 1.4 |
| COP | &nbsp;&nbsp;&nbsp; 0.8 |
| &nbsp;&nbsp;&nbsp; Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of December 31, 2025 is as follows (see Valuation Inputs in the Additional Information section):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**12/31/2025**<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\* | $55735827 | &nbsp;&nbsp; $55735827 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Money Market Funds | 1049944 | &nbsp;&nbsp; 1049944 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $56785771 | &nbsp;&nbsp; $56785771 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for country breakout.

------

**First Trust Exchange-Traded Fund II**

**Additional Information**

**December 31, 2025 (Unaudited)**

**Valuation Inputs**

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;• Level 1 – Level 1 inputs are quoted prices in active markets for identical investments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Level 3 inputs are unobservable inputs that 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.

**Licensing Information**

**First Trust Cloud Computing ETF** <br>**First Trust Nasdaq Cybersecurity ETF** <br>**First Trust NASDAQ**<sup>®</sup> **Clean Edge**<sup>®</sup> **Smart Grid Infrastructure Index Fund** <br>**First Trust Global Wind Energy ETF**

Nasdaq<sup>®</sup>, Clean Edge<sup>®</sup>, ISE CTA Cloud Computing<sup>TM</sup> Index, Nasdaq CTA Cybersecurity<sup>TM</sup> Index, Nasdaq Clean Edge Smart Grid Infrastructure<sup>TM</sup> Index and ISE Clean Edge Global Wind Energy<sup>TM</sup> Index ("the Nasdaq Indexes") are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the "Corporations") and are licensed for use by First Trust. The Funds have not been passed on by the Corporations as to their legality or suitability. The Funds are not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUNDS.

**First Trust Dow Jones Global Select Dividend Index Fund** <br>**First Trust Dow Jones International Internet ETF** 

Dow Jones Global Select Dividend Index and Dow Jones International Internet Index ("S&P Dow Jones Indexes") are products of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and have been licensed for use by First Trust. S&P<sup>®</sup> is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones<sup>®</sup> is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by First Trust. The Funds are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product nor do they have any liability for any errors, omissions, or interruptions of the S&P Dow Jones Indexes.

**First Trust Alerian Disruptive Technology Real Estate ETF** <br>**First Trust Alerian U.S. NextGen Infrastructure ETF**

Alerian, Alerian Disruptive Technology Real Estate Index and Alerian U.S. NextGen Infrastructure Index ("the Alerian Indexes") are service marks of VettaFi LLC and have been licensed for use by First Trust Advisors L.P. The Funds are not issued, sponsored, endorsed, sold or promoted by VettaFi LLC or its affiliates (collectively, "VettaFi"). VettaFi makes no representation or warranty, express or implied, to the purchasers or owners of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of the Alerian Indexes to track general market performances. VettaFi's only relationship to the Funds is the licensing of the service marks and the Alerian Indexes, which is determined, composed and calculated by VettaFi without regard to First Trust Advisors L.P. or the Funds. VettaFi is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the Funds issued by First Trust Advisors L.P. VettaFi has no obligation or liability in connection with the issuance, administration, marketing or trading of the Funds.

------

**First Trust Exchange-Traded Fund II**

**Additional Information (Continued)**

**December 31, 2025 (Unaudited)**

**First Trust Indxx Global Agriculture ETF** <br>**First Trust Indxx Global Natural Resources Income ETF** <br>**First Trust Indxx NextG ETF**

Indxx, Indxx Global Agriculture Index, Indxx Global Natural Resources Income Index and Indxx 5G & NextG Thematic Index<sup>SM</sup> ("Indxx Indexes") are trademarks of Indxx, Inc. ("Indxx") and have been licensed for use for certain purposes by First Trust. The Funds are not sponsored, endorsed, sold or promoted by Indxx and Indxx makes no representation regarding the advisability of trading in such products. The Indxx Indexes are determined, composed and calculated by Indxx without regard to First Trust or the Funds.

**First Trust International Equity Opportunities ETF** <br>**First Trust IPOX**<sup>®</sup> **Europe Equity Opportunities ETF**

IPOX<sup>®</sup>, IPOX<sup>®</sup> International Index, and IPOX<sup>®</sup>-100 Europe Index are registered international trademarks and service marks of IPOX<sup>®</sup> Schuster LLC ("IPOX") and have been licensed for use by First Trust. The Funds are not sponsored, endorsed, sold or promoted by IPOX, and IPOX makes no representation regarding the advisability of trading in such Funds. IPOX<sup>®</sup> is an international trademark of IPOX Schuster LLC. Index of Initial Public Offerings (IPOX) and IPOX Derivatives Patent No. US 7,698,197.

**First Trust STOXX**<sup>®</sup> **European Select Dividend Index Fund**

The STOXX<sup>®</sup> Europe Select Dividend 30 Index ("STOXX Index") is the intellectual property (including registered trademarks) of STOXX Ltd., Zug, Switzerland ("STOXX"), Deutsche Börse Group or their licensors, which is used under license. The Fund is neither sponsored nor promoted, distributed or in any other manner supported by STOXX, Deutsche Börse Group or their licensors, research partners or data providers and STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not give any warranty, and exclude any liability (whether in negligence or otherwise) with respect thereto generally or specifically in relation to any errors, omissions or interruptions in the STOXX Index or its data.

**First Trust S-Network Future Vehicles & Technology ETF**

S-Network and S-Network Electric & Future Vehicle Ecosystem Index are service marks of VettaFi LLC and have been licensed for use by First Trust Advisors L.P. The Fund is not issued, sponsored, endorsed, sold or promoted by VettaFi LLC or its affiliates (collectively, "VettaFi"). VettaFi makes no representation or warranty, express or implied, to the purchasers or owners of the Fund or any member of the public regarding the advisability of investing in securities generally or in the Fund particularly or the ability of the Index to track general market performance. VettaFi's only relationship to the Fund is the licensing of the service marks and the Index, which is determined, composed and calculated by VettaFi without regard to First Trust Advisors L.P. or the Fund. VettaFi is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the Fund issued by First Trust Advisors L.P. VettaFi has no obligation or liability in connection with the issuance, administration, marketing or trading of the Fund.

**First Trust Bloomberg Emerging Market Democracies ETF** <br>**First Trust Emerging Markets Human Flourishing ETF**

"Bloomberg<sup>®</sup>" and Bloomberg Emerging Market Democracies Index and Emerging Markets Human Flourishing Index licensed herein (the "Indices" and each such index, an "Index") are trademarks or service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the Indices (collectively, "Bloomberg") and/or one or more third-party providers (each such provider, a "Third-Party Provider"), and have been licensed for use for certain purposes to First Trust Advisors L.P. (the "Licensee"). Bloomberg is not affiliated with the Licensee or a Third-Party Provider, and Bloomberg does not approve, endorse, review, or recommend the financial products referenced herein (the "Financial Products"). Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Indices or the Financial Products.

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** First Trust Exchange-Traded Fund II

- **b. Investment Company Act file number:** 811-21944

- **c. CIK number of Registrant:** 0001364608

- **d. LEI of Registrant:** 549300HY3NFBU00W8S30

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 120 East Liberty Drive

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

  - **Telephone number:** 630-765-8000

**Item A.2. Information about the Series.**

- **a. Name of Series:** First Trust Alerian Disruptive Technology Real Estate ETF

- **b. EDGAR series identifier (if any):** S000018785

- **c. LEI of Series:** 549300XQG1DXCIO5RA29

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $15466907.42

**Total Liabilities:** $25874.20

**Net Assets:** $15441033.22

**Cash Not Reported:** $945.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000051967 | 1.39%                | 0.37%                | 0.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-75156.81               | $301830.57                                 |
| Month 2  | $361.00                  | $19541.12                                  |
| Month 3  | $-48450.04               | $-28039.35                                 |

### Schedule of Portfolio Investments

| Name                           | Title                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MSILF Treasury Portfolio       | MSILF Treasury Portfolio                         | CUSIP: 61747C582<br>LEI: 549300D1XR6GP7EZ0T47 | Long             | STIV             | RF                | US        |     55564 | NS      | $55564.07     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc            | STAG Industrial Inc                              | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |     18764 | NS      | $689764.64    | 4.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc               | Crown Castle Inc                                 | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     10440 | NS      | $927802.80    | 6.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mapletree Industrial Trust     | Mapletree Industrial Trust                       | CUSIP: 000000000<br>LEI: 549300R7WZFHXNKDJF41 | Long             | EC               | CORP              | SG        |    215600 | NS      | $348878.17    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Fudosan Logistics Park  | Mitsui Fudosan Logistics Park Inc                | CUSIP: 000000000<br>LEI: 353800DN63EIYS760S59 | Long             | EC               | CORP              | JP        |       350 | NS      | $272823.03    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Warehouses De Pauw CVA         | Warehouses De Pauw CVA                           | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               | CORP              | BE        |      9082 | NS      | $236090.16    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial & Infrastructure Fu | Industrial & Infrastructure Fund Investment Corp | CUSIP: 000000000<br>LEI: 353800WCHFY04YKYCI19 | Long             | EC               | CORP              | JP        |       223 | NS      | $219526.30    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc  | Rexford Industrial Realty Inc                    | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     17917 | NS      | $693746.24    | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust           | LXP Industrial Trust                             | CUSIP: 529043408<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |     15241 | NS      | $755648.78    | 4.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Prologis REIT Inc       | Nippon Prologis REIT Inc                         | CUSIP: 000000000<br>LEI: 353800PHBMSDLAFURY41 | Long             | EC               | CORP              | JP        |       392 | NS      | $232487.23    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Segro PLC                      | Segro PLC                                        | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               | CORP              | GB        |     59897 | NS      | $581635.58    | 3.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                    | Equinix Inc                                      | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      1248 | NS      | $956167.68    | 6.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Mapletree Logistics Trust      | Mapletree Logistics Trust                        | CUSIP: 000000000<br>LEI: 549300M9EBZIYH387075 | Long             | EC               | CORP              | SG        |    400677 | NS      | $411462.30    | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc       | EastGroup Properties Inc                         | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |      4007 | NS      | $713806.98    | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Plymouth Industrial REIT Inc   | Plymouth Industrial REIT Inc                     | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20562 | NS      | $449896.56    | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc       | Digital Realty Trust Inc                         | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      5757 | NS      | $890665.47    | 5.77%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp            | American Tower Corp                              | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      5443 | NS      | $955627.51    | 6.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                   | Prologis Inc                                     | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      8814 | NS      | $1125195.24   | 7.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp        | SBA Communications Corp                          | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      5380 | NS      | $1040653.40   | 6.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Frasers Logistics & Commercial | Frasers Logistics & Commercial Trust             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    313264 | NS      | $242490.80    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust Inc     | Americold Realty Trust Inc                       | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |     51012 | NS      | $656014.32    | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Tritax Big Box REIT PLC        | Tritax Big Box REIT PLC                          | CUSIP: 000000000<br>LEI: 213800L6X88MIYPVR714 | Long             | EC               | CORP              | GB        |     92048 | NS      | $188843.14    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LondonMetric Property PLC      | LondonMetric Property PLC                        | CUSIP: 000000000<br>LEI: 213800OCERWWPQDURL87 | Long             | EC               | CORP              | GB        |    132258 | NS      | $338190.56    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa House Residential Invest | Daiwa House REIT Investment Corp                 | CUSIP: 000000000<br>LEI: 3538001FWU534P8JMO05 | Long             | EC               | CORP              | JP        |       312 | NS      | $285229.83    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| GLP J-Reit                     | GLP J-Reit                                       | CUSIP: 000000000<br>LEI: 353800E27V9KA51K2I90 | Long             | EC               | CORP              | JP        |       295 | NS      | $280423.26    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp            | Terreno Realty Corp                              | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11874 | NS      | $697122.54    | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Keppel DC REIT                 | Keppel DC REIT                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    201300 | NS      | $352361.13    | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust  | First Industrial Realty Trust Inc                | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13327 | NS      | $763237.29    | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-24

**Name of Applicant:** First Trust Exchange-Traded Fund II

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

**Title:** Treasurer, Chief Financial Officer and Chief Accounting Officer