# EDGAR Filing Document

**Accession Number:** 0001364608
**File Stem:** 0001445546-25-008101
**Filing Date:** 2025-12
**Character Count:** 738322
**Document Hash:** 8313930f6db0569d99ce778119241c9a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001445546-25-008101.hdr.sgml**: 20251205

**ACCESSION NUMBER**: 0001445546-25-008101

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 62

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251205

**DATE AS OF CHANGE**: 20251205

**EFFECTIVENESS DATE**: 20251205

**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:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21944
- **FILM NUMBER:** 251553665

**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 STOXX European Select Dividend Index Fund (Series ID: S000018784)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000051966 | First Trust STOXX European Select Dividend Index Fund | FDD             |

### 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            |

### First Trust Dow Jones Global Select Dividend Index Fund (Series ID: S000019507)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000054156 | First Trust Dow Jones Global Select Dividend Index Fund | FGD             |

### First Trust Global Wind Energy ETF (Series ID: S000022933)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000066484 | First Trust Global Wind Energy ETF | FAN             |

### First Trust Alerian U.S. NextGen Infrastructure ETF (Series ID: S000024215)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000071160 | First Trust Alerian U.S. NextGen Infrastructure ETF | RBLD            |

### First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (Series ID: S000026919)

| Class ID   | Class Name                                                         | Ticker Symbol   |
|:---|:---|:---|
| C000081044 | First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | GRID            |

### First Trust Indxx Global Natural Resources Income ETF (Series ID: S000028545)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000087410 | First Trust Indxx Global Natural Resources Income ETF | FTRI            |

### First Trust Indxx Global Agriculture ETF (Series ID: S000028546)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000087411 | First Trust Indxx Global Agriculture ETF | FTAG            |

### First Trust Indxx NextG ETF (Series ID: S000030172)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000092838 | First Trust Indxx NextG ETF | NXTG            |

### First Trust S-Network Future Vehicles & Technology ETF (Series ID: S000032974)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000101722 | First Trust S-Network Future Vehicles & Technology ETF | CARZ            |

### First Trust Cloud Computing ETF (Series ID: S000033237)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000102221 | First Trust Cloud Computing ETF | SKYY            |

### First Trust International Equity Opportunities ETF (Series ID: S000046902)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000146603 | First Trust International Equity Opportunities ETF | FPXI            |

### First Trust NASDAQ Cybersecurity ETF (Series ID: S000050385)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000159087 | First Trust NASDAQ Cybersecurity ETF | CIBR            |

### First Trust IPOX Europe Equity Opportunities ETF (Series ID: S000063124)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000204700 | First Trust IPOX Europe Equity Opportunities ETF | FPXE            |

### First Trust Dow Jones International Internet ETF (Series ID: S000063448)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000205597 | First Trust Dow Jones International Internet ETF | FDNI            |

### First Trust Indxx Metaverse ETF (Series ID: S000075360)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000234334 | First Trust Indxx Metaverse ETF | ARVR            |

### First Trust Nasdaq Lux Digital Health Solutions ETF (Series ID: S000075528)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000234707 | First Trust Nasdaq Lux Digital Health Solutions ETF | EKG             |

### First Trust Bloomberg Emerging Market Democracies ETF (Series ID: S000079490)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000240529 | First Trust Bloomberg Emerging Market Democracies ETF | EMDM            |

### First Trust Emerging Markets Human Flourishing ETF (Series ID: S000081848)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000245005 | First Trust Emerging Markets Human Flourishing ETF | FTHF            |

### First Trust Bloomberg Artificial Intelligence ETF (Series ID: S000087664)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000253539 | First Trust Bloomberg Artificial Intelligence ETF | FAI             |

### First Trust Bloomberg Nuclear Power ETF (Series ID: S000093414)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000261670 | First Trust Bloomberg Nuclear Power ETF | RCTR            |

?xml version='1.0' encoding='ASCII'? cb79169f-518a-408d-a338-6cbccdd215b0

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

------

#### FORM N-CSR

------

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

811-21944

First Trust Exchange-Traded Fund II

(Exact name of registrant as specified in charter)

------

120 East Liberty Drive, Suite 400

Wheaton, IL 60187

(Address of principal executive offices) (Zip code)

W. Scott Jardine, Esq.

First Trust Portfolios L.P.

120 East Liberty Drive, Suite 400

Wheaton, IL 60187

(Name and address of agent for service)

Registrant's telephone number, including area code:

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

Date of fiscal year end:

September 30

Date of reporting period:

September 30, 2025

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

The information presented in this Form N-CSR relates solely to the fund(s) for which a report is included in Item 1 below, each a series of the Registrant.

 **Item 1. Reports to Shareholders.**

(a) Following is a copy of the annual reports transmitted to shareholders pursuant to Rule 30e-1 under the Act.

![TSR - First Trust Fund Logo](images_29654.jpg)

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

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

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust STOXX<sup>®</sup> European Select Dividend Index Fund (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FDD. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br> of a $10,000 investment** |
| First Trust STOXX<sup>®</sup> European Select Dividend Index Fund | $68 | 0.57% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 37.86% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the MSCI Europe Index, which returned 15.08% for the same Period.

During the Period, investments in the United Kingdom received the greatest allocation of any country, with an average weight of 25.0%, and contributed 5.4% to the Fund's overall return. With an average weight of 16.7%, investments in the Netherlands contributed 8.7% to the Fund's overall return, which was the greatest contribution of any country. Investments in South Africa, with an average weight of 0.1%, contributed -0.1% to the Fund's overall return, which was the most negative contribution of any country. The Fund's currency exposure had a 4.8% impact on the Fund's performance.

#### FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10759588.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **5 Year** | **10 Year** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust STOXX<sup>®</sup> European Select Dividend Index Fund | 37.86% | 15.81% | 8.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;STOXX<sup>®</sup> Europe Select Dividend 30 Index | 37.23% | 15.80% | 8.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;STOXX<sup>®</sup> Europe 600 Index | 15.39% | 11.94% | 8.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI Europe Index | 15.08% | 12.19% | 8.14% |

---

 **Visit www.ftportfolios.com/etf/FDD for more recent performance information.**

 **The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$661493449 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;31 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$1359850 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;31% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| Aker BP ASA | 5.3% |
| ABN AMRO Bank N.V. | 5.1% |
| Legal & General Group PLC | 4.5% |
| Taylor Wimpey PLC | 4.2% |
| Investec PLC | 4.1% |
| NN Group N.V. | 4.1% |
| Rubis S.C.A. | 3.9% |
| ORLEN S.A. | 3.8% |
| Signify N.V. | 3.8% |
| AP Moller - Maersk A/S, Class A | 3.8% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10759598.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FDD to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
The 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 STOXX<sup>®</sup> European Select Dividend Index Fund (FDD)

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust Alerian Disruptive Technology Real Estate ETF

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

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust Alerian Disruptive Technology Real Estate ETF (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/DTRE. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Fund** | **Costs of a $10,000 investment** |
| First Trust Alerian Disruptive Technology Real Estate ETF | $590.61%<sup>(1)</sup> |

---

<sup>(1)</sup> Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned -7.43% during the 12 months ended September 30, 2025. The Fund underperformed its benchmark, the MSCI World Real Estate Index, which returned -0.96% for the same Period.

During the Period, investments in the United States received the greatest allocation of any country, with an average weight of 72.0%, and contributed -7.2% to the Fund's overall return, which was the most negative contribution of any country. With an average weight of 7.6%, investments in Japan contributed 0.8% to the Fund's overall return, which was the greatest contribution of any country. The Fund's currency exposure had a 0.2% impact on the Fund's performance.

#### FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10759630.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **5 Year** | **10 Year** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Alerian Disruptive Technology Real Estate ETF | -7.43% | 2.91% | 2.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;Alerian Disruptive Technology Real Estate Index<sup>(1) (2)</sup> | -8.36% | N/A | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp;FTSE EPRA/NAREIT Developed Index | 0.74% | 6.54% | 4.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P Global REIT Index | -1.24% | 6.58% | 4.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI World REIT Index | -4.16% | 5.24% | 5.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI World Real Estate Index<sup>(2)</sup> | -0.96% | 5.08% | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI World Index | 17.25% | 14.41% | 12.43% |

---

(1) On September 30, 2022, the Fund's underlying index changed from the FTSE EPRA/NAREIT Developed Index to the Alerian Disruptive Technology Real Estate Index. Therefore, the Fund's performance and historical returns shown for periods prior to this date are not necessarily indicative of the performance the Fund, based on this current index, would have generated.

(2) Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods.

**Visit www.ftportfolios.com/etf/DTRE for more recent performance information.**

**The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. The Fund's total returns would have been lower during certain periods if certain fees had not been waived by the investment advisor.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$15537085 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;31 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$98650 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;36% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Prologis, Inc. | 7.1% |
| Equinix, Inc. | 6.9% |
| Digital Realty Trust, Inc. | 6.8% |
| Crown Castle, Inc. | 6.2% |
| American Tower Corp. | 5.8% |
| SBA Communications Corp. | 5.6% |
| Rexford Industrial Realty, Inc. | 5.1% |
| First Industrial Realty Trust, Inc. | 4.8% |
| LXP Industrial Trust | 4.5% |
| EastGroup Properties, Inc. | 4.4% |

---

**Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10759640.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/DTRE to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
Alerian and Alerian Disruptive Technology Real Estate Index ("the 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.

First Trust Alerian Disruptive Technology Real Estate ETF (DTRE)

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust Dow Jones Global Select Dividend Index Fund

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

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust Dow Jones Global Select Dividend Index Fund (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FGD. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br> of a $10,000 investment** |
| First Trust Dow Jones Global Select Dividend Index Fund | $62 | 0.55% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 24.53% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the MSCI World Index, which returned 17.25% for the same Period.

During the Period, investments in Canada received the greatest allocation of any country with an average weight of 13.1% and contributed 2.0% to the Fund's overall return. With an average weight of 13.0%, investments in South Korea contributed 5.9% to the Fund's overall return, which was the greatest contribution of any country. Investments in Denmark, with an average weight of 1.7%, contributed -0.3% to the Fund's overall return, which was the most negative contribution of any country. The Fund's currency exposure had a 0.4% impact on the Fund's performance.

#### FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10759672.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **5 Year** | **10 Year** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Dow Jones Global Select Dividend Index Fund | 24.53% | 16.45% | 8.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;Dow Jones Global Select Dividend Index | 24.19% | 16.58% | 8.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;Dow Jones World Developed Markets Index<sup>SM</sup> | 17.50% | 14.21% | 12.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI World Index | 17.25% | 14.41% | 12.43% |

---

 **Visit www.ftportfolios.com/etf/FGD for more recent performance information.**

 **The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$894037694 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;98 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2651570 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;36% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| Kohl's Corp. | 2.9% |
| Enagas S.A. | 1.8% |
| KIWOOM Securities Co., Ltd. | 1.8% |
| Spark New Zealand Ltd. | 1.7% |
| Phoenix Group Holdings PLC | 1.7% |
| Samsung Securities Co., Ltd. | 1.6% |
| BCE, Inc. | 1.5% |
| Woori Financial Group, Inc. | 1.5% |
| Aberdeen Group PLC | 1.4% |
| Chow Tai Fook Jewellery Group, Ltd. | 1.4% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10759682.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FGD to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
Dow Jones Global Select Dividend Index ("Index") is a product of S&P Dow Jones Indices, LLC or its affiliates ("SPDJI") and has been licensed for use by First Trust Advisors L.P. ("First Trust"). S&P<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 Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Index.

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

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust Global Wind Energy ETF

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

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust Global Wind Energy ETF (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FAN. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Fund** | **Costs of a $10,000 investment** |
| First Trust Global Wind Energy ETF | $630.61%<sup>(1)</sup> |

---

<sup>(1)</sup> Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.60%.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 7.60% during the 12 months ended September 30, 2025. The Fund underperformed its benchmark, the MSCI World Index, which returned 17.25% for the same Period.

During the Period, investments in the Utilities industry received the greatest allocation of any industry with an average weight of 54.8% and contributed -0.6% to the Fund's overall return, which was the most negative contribution of any industry. With an average weight of 38.9%, investments in the Industrials industry contributed 8.7% to the Fund's overall return, which was the greatest contribution of any industry. The Fund's currency exposure had a 2.8% impact on the Fund's performance.

#### FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10759714.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **5 Year** | **10 Year** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Global Wind Energy ETF | 7.60% | 3.53% | 8.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;ISE Clean Edge Global Wind Energy<sup>TM</sup> Index | 6.39% | 3.96% | 9.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Index | 17.41% | 15.74% | 14.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI World Index | 17.25% | 14.41% | 12.43% |

---

 **Visit www.ftportfolios.com/etf/FAN for more recent performance information.**

 **The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. The Fund's total returns would have been lower during certain periods if certain fees had not been waived by the investment advisor.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$182574208 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;49 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$610521 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;34% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| Vestas Wind Systems A/S | 6.6% |
| EDP Renovaveis S.A. | 6.4% |
| Northland Power, Inc. | 6.3% |
| Nordex SE | 5.1% |
| Orsted A/S | 4.1% |
| RBC Dominion Securities, Inc. | 3.9% |
| Enlight Renewable Energy Ltd. | 3.8% |
| JPMorgan Chase & Co. | 3.7% |
| China Longyuan Power Group Corp., Ltd., Class H | 3.6% |
| Boralex, Inc., Class A | 2.7% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10759724.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FAN to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
Nasdaq<sup>®</sup>, Clean Edge<sup>®</sup>, and ISE Clean Edge Global Wind Energy<sup>TM</sup> Index are registered trademarks and service marks of Nasdaq, Inc. and Clean Edge, Inc., respectively (together with its affiliates hereinafter referred to as the "Corporations") and are licensed for use by First Trust Advisors L.P. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

First Trust Global Wind Energy ETF (FAN)

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust Alerian U.S. NextGen Infrastructure ETF

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

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust Alerian U.S. NextGen Infrastructure ETF (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/RBLD. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Fund** | **Costs of a $10,000 investment** |
| First Trust Alerian U.S. NextGen Infrastructure ETF | $700.66%<sup>(1)</sup> |

---

<sup>(1)</sup> Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.65%.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 12.94% during the 12 months ended September 30, 2025. The Fund underperformed its benchmark, the MSCI World Industrials Index, which returned 17.64% for the same Period.

During the Period, investments in the Industrials sector received the greatest allocation of any sector with an average weight of 42.9% and contributed 5.0% to the Fund's overall return, which was the greatest of any sector. With an average weight of 4.9%, investments in the Real Estate sector contributed -0.4% to the Fund's overall return, which was the most negative contribution of any sector.

#### FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10759756.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **5 Year** | **10 Year** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Alerian U.S. NextGen Infrastructure ETF | 12.94% | 14.12% | 7.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;Alerian U.S. NextGen Infrastructure Index<sup>(1)</sup> | 13.63% | N/A | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI World Industrials Index | 17.64% | 14.89% | 12.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Index | 17.41% | 15.74% | 14.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI USA Infrastructure Index | 12.67% | 11.60% | 9.58% |

---

(1) On July 29, 2022, the Fund's underlying index changed from the ISE Global Engineering and Construction<sup>TM</sup> Index to the Alerian U.S. NextGen Infrastructure Index. Therefore, the Fund's performance and historical returns shown for the periods prior to this date are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. Since the Fund's current underlying index had an inception date of April 30, 2021, it was not in existence for all the periods shown.

**Visit www.ftportfolios.com/etf/RBLD for more recent performance information.**

**The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. The Fund's total returns would have been lower during certain periods if certain fees had not been waived by the investment advisor.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$15103995 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;106 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$85123 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;32% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Talen Energy Corp. | 1.5% |
| Comfort Systems USA, Inc. | 1.5% |
| MongoDB, Inc. | 1.4% |
| MasTec, Inc. | 1.2% |
| Vertiv Holdings Co., Class A | 1.2% |
| Cummins, Inc. | 1.2% |
| Baker Hughes Co. | 1.2% |
| Sempra | 1.2% |
| EMCOR Group, Inc. | 1.1% |
| Cloudflare, Inc., Class A | 1.1% |

---

**Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10759766.jpg)

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

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/RBLD to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
Alerian and Alerian U.S. NextGen Infrastructure Index ("the 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.

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

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid Infrastructure Index Fund

#### GRID \| NASDAQ, INC.

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid Infrastructure Index Fund (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/GRID. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Fund** | **Costs of a $10,000 investment** |
| First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid Infrastructure Index Fund | $630.57%<sup>(1)</sup> |

---

<sup>(1)</sup> Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.56%.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 20.10% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the S&P Composite 1500<sup>®</sup> Industrials Index, which returned 14.84% for the same Period.

During the Period, investments in the Electrical Equipment industry received the greatest allocation of any industry, with an average weight of 41.4%, and contributed 8.4% to the Fund's overall return, which was the greatest contribution of any industry. Investments in the Semiconductors & Semiconductor Equipment industry, with an average weight of 7.3%, contributed -0.9% to the Fund's overall return, which was the most negative contribution of any industry. The Fund's currency exposure had a 2.0% impact on the Fund's performance.

#### FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10759798.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **5 Year** | **10 Year** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid Infrastructure Index Fund | 20.10% | 20.42% | 18.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq Clean Edge Smart Grid Infrastructure<sup>TM</sup> Index | 20.84% | 21.26% | 19.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Index | 17.41% | 15.74% | 14.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P Composite 1500<sup>®</sup> Industrials Index | 14.84% | 17.11% | 14.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI World Industrials Index | 17.64% | 14.89% | 12.31% |

---

**Visit www.ftportfolios.com/etf/GRID for more recent performance information.**

**The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. The Fund's total returns would have been lower during certain periods if certain fees had not been waived by the investment advisor.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$3889226354 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;117 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$9434163 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;26% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Schneider Electric SE | 8.6% |
| Eaton Corp. PLC | 8.1% |
| ABB Ltd. | 8.1% |
| Johnson Controls International PLC | 7.8% |
| National Grid PLC | 7.7% |
| Prysmian S.p.A. | 4.2% |
| Quanta Services, Inc. | 4.1% |
| E.ON SE | 4.0% |
| Hubbell, Inc. | 2.7% |
| Tesla, Inc. | 2.5% |

---

**Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10759808.jpg)

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

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/GRID to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
Nasdaq<sup>®</sup>, Clean Edge<sup>®</sup>, and Nasdaq Clean Edge Smart Grid Infrastructure<sup>TM</sup> Index are registered trademarks and service marks of Nasdaq, Inc. and Clean Edge, Inc., respectively (together with its affiliates hereinafter referred to as the "Corporations") and are licensed for use by First Trust Advisors L.P. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

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

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust Indxx Global Natural Resources Income ETF

#### FTRI \| NASDAQ, INC.

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust Indxx Global Natural Resources Income ETF (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FTRI. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Fund** | **Costs of a $10,000 investment** |
| First Trust Indxx Global Natural Resources Income ETF | $770.71%<sup>(1)</sup> |

---

<sup>(1)</sup> Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 15.59% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the MSCI ACWI Materials Index, which returned 5.19% for the same Period.

During the Period, investments in the Metals & Mining industry received the greatest allocation of any industry with an average weight of 31.0% and contributed 15.2% to the Fund's overall return, which was the greatest contribution of any industry. Investments in the Specialized Real Estate Investment Trust industry, with an average weight of 4.2%, contributed -1.3% to the Fund's overall return, which was the most negative contribution of any industry. The Fund's currency exposure had a -0.6% impact on the Fund's performance.

#### FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10759840.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **5 Year** | **10 Year** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Indxx Global Natural Resources Income ETF | 15.59% | 16.07% | 8.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;Indxx Global Natural Resources Income Index<sup>(1)</sup> | 16.54% | 17.32% | 10.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI ACWI Materials Index | 5.19% | 8.92% | 10.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI ACWI Index | 17.27% | 13.54% | 11.91% |

---

(1) Effective on the close of business on December 18, 2015, the Fund's underlying index changed from the ISE Global Copper<sup>TM</sup> Index to the Indxx Global Natural Resources Income Index. Therefore, the Fund's performance and total returns shown for the period prior to December 18, 2015 are not necessarily indicative of the performance the Fund, based on its current index, would have generated.

**Visit www.ftportfolios.com/etf/FTRI for more recent performance information.**

**The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$105792723 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;55 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$731173 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;41% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Agnico Eagle Mines Ltd. | 10.8% |
| Corteva, Inc. | 9.2% |
| Freeport-McMoRan, Inc. | 8.5% |
| Nutrien Ltd. | 6.1% |
| Zijin Mining Group Co., Ltd., Class H | 5.0% |
| American Water Works Co., Inc. | 4.5% |
| International Paper Co. | 4.4% |
| Weyerhaeuser Co. | 4.0% |
| CF Industries Holdings, Inc. | 3.2% |
| Origin Energy Ltd. | 3.1% |

---

**Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10759850.jpg)

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

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FTRI to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
Indxx and Indxx Global Natural Resources Income Index ("Index") are trademarks of Indxx, Inc. ("Indxx") and have been licensed for use for certain purposes by First Trust Advisors L.P. ("First Trust"). The Fund is not sponsored, endorsed, sold or promoted by Indxx, and Indxx makes no representation regarding the advisability of trading in such product. The Index is determined, composed and calculated by Indxx without regard to First Trust or the Fund.

First Trust Indxx Global Natural Resources Income ETF (FTRI)

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust Indxx Global Agriculture ETF

#### FTAG \| NASDAQ, INC.

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust Indxx Global Agriculture ETF (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FTAG. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Fund** | **Costs of a $10,000 investment** |
| First Trust Indxx Global Agriculture ETF | $720.71%<sup>(1)</sup> |

---

<sup>(1)</sup> Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 1.47% during the 12 months ended September 30, 2025. The Fund underperformed its benchmark, the MSCI ACWI Materials Index, which returned 5.19% for the same Period.

During the Period, investments in the Chemicals industry received the greatest allocation of any industry with an average weight of 50.6% and contributed 1.8% to the Fund's overall return, which was the greatest contribution of any industry. Investments in the Food Products industry, with an average weight of 6.0%, contributed -0.8% to the Fund's overall return, which was the most negative contribution of any industry. The Fund's currency exposure had a -0.3% impact on the Fund's performance.

#### FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10759882.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **5 Year** | **10 Year** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Indxx Global Agriculture ETF | 1.47% | 5.88% | 1.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;Indxx Global Agriculture Index<sup>(1)</sup> | 2.30% | 7.32% | 5.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI ACWI Index | 17.27% | 13.54% | 11.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI ACWI Materials Index | 5.19% | 8.92% | 10.10% |

---

(1) Effective on the close of business on December 18, 2015, the Fund's underlying index changed from the ISE Global Platinum<sup>TM</sup> Index to the Indxx Global Agriculture Index. Therefore, the Fund's performance and total returns shown for the period prior to December 18, 2015 are not necessarily indicative of the performance the Fund, based on its current index, would have generated.

**Visit www.ftportfolios.com/etf/FTAG for more recent performance information.**

**The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$6201904 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;47 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$42345 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;13% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Deere & Co. | 9.8% |
| Mahindra & Mahindra Ltd. | 9.5% |
| Corteva, Inc. | 9.5% |
| BASF SE | 9.1% |
| Nutrien Ltd. | 4.7% |
| Bayer AG | 4.6% |
| Industries Qatar QSC | 4.5% |
| Bunge Global S.A. | 3.6% |
| CF Industries Holdings, Inc. | 3.2% |
| Kubota Corp. | 3.2% |

---

**Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10759892.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FTAG to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
Indxx and Indxx Global Agriculture Index ("Index") are trademarks of Indxx, Inc. ("Indxx") and have been licensed for use for certain purposes by First Trust Advisors L.P. ("First Trust"). The Fund is not sponsored, endorsed, sold or promoted by Indxx, and Indxx makes no representation regarding the advisability of trading in such product. The Index is determined, composed and calculated by Indxx without regard to First Trust or the Fund.

First Trust Indxx Global Agriculture ETF (FTAG)

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust Indxx NextG ETF

#### NXTG \| NASDAQ, INC.

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust Indxx NextG ETF (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/NXTG. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Fund** | **Costs of a $10,000 investment** |
| First Trust Indxx NextG ETF | $780.71%<sup>(1)</sup> |

---

<sup>(1)</sup> Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 20.36% during the 12 months ended September 30, 2025. The Fund underperformed its benchmark, the MSCI ACWI Information Technology Index, which returned 28.09% for the same Period.

During the Period, investments in the Semiconductors & Semiconductor Equipment industry received the greatest allocation of any industry with an average weight of 22.6% and contributed 5.0% to the Fund's overall return. With an average weight of 11.8%, investments in the Communications Equipment industry contributed 5.1% to the Fund's overall return, which was the greatest contribution of any industry. Investments in the Specialized Real Estate Investment Trust industry, with an average weight of 6.1%, contributed -0.6% to the Fund's overall return, which was the only negative contribution of any industry. The Fund's currency exposure had a 0.4% impact on the Fund's performance.

#### FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10759924.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **5 Year** | **10 Year** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Indxx NextG ETF | 20.36% | 14.05% | 13.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;Indxx 5G & NextG Thematic Index<sup>SM(1) (2)</sup> | 21.30% | 15.26% | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI ACWI Information Technology Index | 28.09% | 19.80% | 22.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI ACWI Index | 17.27% | 13.54% | 11.91% |

---

(1) On May 30, 2019, the Fund's underlying index changed from the Nasdaq CTA Smartphone<sup>TM</sup> Index to the Indxx 5G & NextG Thematic Index<sup>SM</sup>. Therefore, the Fund's performance and historical returns shown for periods prior to this date are not necessarily indicative of the performance that the Fund, based on this current index, would have generated.

(2) Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods.

**Visit www.ftportfolios.com/etf/NXTG for more recent performance information.**

**The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$409844050 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;107 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$2608940 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;18% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Delta Electronics, Inc. | 2.3% |
| Ciena Corp. | 2.2% |
| Intel Corp. | 1.8% |
| Arista Networks, Inc. | 1.7% |
| ZTE Corp., Class H | 1.6% |
| Prysmian S.p.A. | 1.6% |
| Micron Technology, Inc. | 1.6% |
| Samsung Electronics Co., Ltd. | 1.5% |
| Hewlett Packard Enterprise Co. | 1.5% |
| Advanced Micro Devices, Inc. | 1.5% |

---

**Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10759934.jpg)

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

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/NXTG to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
Indxx and Indxx 5G & NextG Thematic Index<sup>SM</sup> ("Index") are trademarks of Indxx, Inc. ("Indxx") and have been licensed for use for certain purposes by First Trust Advisors L.P. ("First Trust"). The Fund is not sponsored, endorsed, sold or promoted by Indxx, and Indxx makes no representation regarding the advisability of trading in such product. The Index is determined, composed and calculated by Indxx without regard to First Trust or the Fund.

First Trust Indxx NextG ETF (NXTG)

![TSR - First Trust Fund Logo](images_29654.jpg)

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

#### CARZ \| NASDAQ, INC.

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust S-Network Future Vehicles & Technology ETF (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/CARZ. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Fund** | **Costs of a $10,000 investment** |
| First Trust S-Network Future Vehicles & Technology ETF | $800.71%<sup>(1)</sup> |

---

<sup>(1)</sup> Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 25.78% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the MSCI ACWI Index, which returned 17.27% for the same Period.

During the Period, investments in the Semiconductors & Semiconductor Equipment industry received the greatest allocation of any industry with an average weight of 37.2% and contributed 9.8% to the Fund's overall return, which was the greatest contribution of any industry. Investments in the Metals & Mining industry, with an average weight of 1.8%, contributed -0.4% to the Fund's overall return, which was the most negative contribution of any industry. The Fund's currency exposure had a -0.3% impact on the Fund's performance.

#### FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10759966.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **5 Year** | **10 Year** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust S-Network Future Vehicles & Technology ETF | 25.78% | 14.96% | 10.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;S-Network Electric & Future Vehicle Ecosystem Index<sup>(1)</sup> | 25.70% | N/A | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI ACWI Index | 17.27% | 13.54% | 11.91% |

---

(1) On January 26, 2022, the Fund's underlying index changed from the Nasdaq Global Auto<sup>TM</sup> Index to the S-Network Electric & Future Vehicle Ecosystem Index. Therefore, the Fund's performance and historical returns shown for periods prior to this date are not necessarily indicative of the performance that the Fund, based on its current index, would have generated. Since the Fund's current underlying index had an inception date of May 11, 2021, it was not in existence for all the periods disclosed.

**Visit www.ftportfolios.com/etf/CARZ for more recent performance information.**

**The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$32702548 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;106 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$215946 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;46% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Tesla, Inc. | 5.3% |
| Alphabet, Inc., Class A | 5.1% |
| Samsung Electronics Co., Ltd. | 5.0% |
| Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 4.5% |
| Apple, Inc. | 4.4% |
| NVIDIA Corp. | 4.2% |
| Advanced Micro Devices, Inc. | 4.2% |
| QUALCOMM, Inc. | 3.9% |
| Microsoft Corp. | 3.8% |
| Texas Instruments, Inc. | 3.1% |

---

**Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10759976.jpg)

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

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/CARZ to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
S-Network and S-Network Electric & Future Vehicle Ecosystem Index ("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.

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

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust Cloud Computing ETF

#### SKYY \| NASDAQ, INC.

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust Cloud Computing ETF (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/SKYY. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| First Trust Cloud Computing ETF | $69 | 0.60% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 31.34% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 17.60% for the same Period.

During the Period, investments in the Software industry received the greatest allocation of any industry with an average weight of 49.0% and contributed 14.0% to the Fund's overall return, which was the greatest contribution of any industry. Investments in the Diversified Telecommunication Services industry, with an average weight of 2.5%, contributed -0.5% to the Fund's overall return, which was the most negative contribution of any industry.

#### FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10760008.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **5 Year** | **10 Year** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Cloud Computing ETF | 31.34% | 11.58% | 17.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;ISE CTA Cloud Computing<sup>TM</sup>Index<sup>(1)</sup> | 32.18% | 12.25% | 18.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 17.60% | 16.47% | 15.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P Composite 1500<sup>®</sup> Information Technology Index | 27.70% | 23.07% | 24.76% |

---

(1) On June 24, 2019, the Fund's underlying index changed its methodology and changed its name from "ISE Cloud Computing<sup>TM</sup> Index" to "ISE CTA Cloud Computing<sup>TM</sup> Index."

**Visit www.ftportfolios.com/etf/SKYY for more recent performance information.**

**The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$3205221592 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;69 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$20232424 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;30% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Oracle Corp. | 4.5% |
| International Business Machines Corp. | 4.2% |
| Alphabet, Inc., Class A | 4.1% |
| Nutanix, Inc., Class A | 4.0% |
| CoreWeave, Inc., Class A | 4.0% |
| Pure Storage, Inc., Class A | 3.9% |
| Arista Networks, Inc. | 3.8% |
| Microsoft Corp. | 3.7% |
| Amazon.com, Inc. | 3.4% |
| MongoDB, Inc. | 2.9% |

---

**Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10760018.jpg)

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

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/SKYY to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
Nasdaq<sup>®</sup> and ISE CTA Cloud Computing<sup>TM</sup> Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the "Corporations") and are licensed for use by First Trust Advisors L.P. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

First Trust Cloud Computing ETF (SKYY)

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust International Equity Opportunities ETF

#### FPXI \| NASDAQ, INC.

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust International Equity Opportunities ETF (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FPXI. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Fund** | **Costs of a $10,000 investment** |
| First Trust International Equity Opportunities ETF | $800.71%<sup>(1)</sup> |

---

<sup>(1)</sup> Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 24.66% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the MSCI ACWI ex USA Index, which returned 16.45% for the same Period.

During the Period, investments in the Information Technology sector received the greatest allocation of any sector with an average weight of 21.9% and contributed 2.4% to the Fund's overall return. With an average weight of 15.1%, investments in the Communication Services sector contributed 6.4% to the Fund's overall return, which was the greatest contribution of any sector. No sector had a negative contribution to the Fund's return. The Fund's currency exposure had a 0.5% impact on the Fund's performance.

#### FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10760134.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **5 Year** | **10 Year** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust International Equity Opportunities ETF | 24.66% | 1.96% | 10.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;IPOX<sup>®</sup> International Index | 25.63% | 2.96% | 11.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI ACWI ex USA Index | 16.45% | 10.26% | 8.23% |

---

 **Visit www.ftportfolios.com/etf/FPXI for more recent performance information.**

 **The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$158926048 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;55 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$1002368 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;118% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| Advantest Corp. | 8.3% |
| ARM Holdings PLC, ADR | 5.2% |
| Pop Mart International Group Ltd. | 4.5% |
| Agnico Eagle Mines Ltd. | 4.4% |
| Contemporary Amperex Technology Co., Ltd., Class H | 4.4% |
| Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd., Class H | 4.4% |
| Siemens Energy AG | 4.1% |
| Spotify Technology S.A. | 3.2% |
| NetEase, Inc. | 3.2% |
| Gen Digital, Inc. | 2.9% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10760144.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FPXI to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
IPOX<sup>®</sup> and IPOX<sup>®</sup> International Index are registered international trademarks and service marks of IPOX<sup>®</sup> Schuster LLC ("IPOX") and have been licensed for use by First Trust Advisors L.P. The Fund is not sponsored, endorsed, sold or promoted by IPOX, and IPOX makes no representation regarding the advisability of trading in such Fund. 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 International Equity Opportunities ETF (FPXI)

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust Nasdaq Cybersecurity ETF

#### CIBR \| NASDAQ, INC.

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust Nasdaq Cybersecurity ETF (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/CIBR. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br> of a $10,000 investment** |
| First Trust Nasdaq Cybersecurity ETF | $67 | 0.59% |

---

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 28.49% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the S&P Composite 1500<sup>®</sup> Information Technology Index, which returned 27.70% for the same Period.

During the Period, investments in the Software industry received the greatest allocation of any industry with an average weight of 47.4% and contributed 13.6% to the Fund's overall return, which was the greatest contribution of any industry. Investments in the Professional Services industry, with an average weight of 8.7%, contributed -1.0% to the Fund's overall return, which was the most negative contribution of any industry. The Fund's currency exposure had a 0.4% impact on the Fund's performance.

#### FUND PERFORMANCE (September 30, 2015 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10760176.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **5 Year** | **10 Year** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Nasdaq Cybersecurity ETF | 28.49% | 17.35% | 16.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq CTA Cybersecurity<sup>TM</sup> Index | 29.30% | 18.12% | 17.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 17.60% | 16.47% | 15.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P Composite 1500<sup>®</sup> Information Technology Index | 27.70% | 23.07% | 24.76% |

---

 **Visit www.ftportfolios.com/etf/CIBR for more recent performance information.**

 **The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$11049070820 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;38 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$49629522 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;21% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| CrowdStrike Holdings, Inc., Class A | 8.3% |
| Broadcom, Inc. | 7.9% |
| Palo Alto Networks, Inc. | 7.6% |
| Cisco Systems, Inc. | 7.1% |
| Infosys Ltd., ADR | 6.9% |
| Thales S.A. | 4.2% |
| Zscaler, Inc. | 3.9% |
| Check Point Software Technologies Ltd. | 3.8% |
| Fortinet, Inc. | 3.8% |
| CyberArk Software Ltd. | 3.8% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10760186.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/CIBR to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
Nasdaq<sup>®</sup> and Nasdaq CTA Cybersecurity<sup>TM</sup> Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the "Corporations") and are licensed for use by First Trust Advisors L.P. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

First Trust Nasdaq Cybersecurity ETF (CIBR)

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF

#### FPXE \| NASDAQ, INC.

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FPXE. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Fund** | **Costs of a $10,000 investment** |
| First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF | $790.71%<sup>(1)</sup> |

---

<sup>(1)</sup> Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 21.83% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the MSCI Europe Index, which returned 15.08% for the same Period.

During the Period, investments in the Information Technology sector received the greatest allocation of any sector with an average weight of 17.2% and contributed 0.8% to the Fund's overall return. With an average weight of 14.5%, investments in the Industrials sector contributed 4.9% to the Fund's overall return, which was the greatest contribution of any sector. Investments in the Utilities sector, with an average weight of 1.1%, contributed -0.3% to the Fund's overall return, which was the most negative contribution of any sector. The Fund's currency exposure had a 4.2% impact on the Fund's performance.

#### FUND PERFORMANCE (October 4, 2018 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10759504.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **5 Year** | **Since<br> Inception<br> (10/4/18)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF | 21.83% | 6.97% | 8.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;IPOX<sup>®</sup>-100 Europe Index | 23.36% | 8.16% | 10.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI Europe Index | 15.08% | 12.19% | 8.59% |

---

 **Visit www.ftportfolios.com/etf/FPXE for more recent performance information.**

 **The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$4815328 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;106 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$30983 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;105% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| Technip Energies N.V. | 4.5% |
| ARM Holdings PLC, ADR | 4.1% |
| Galderma Group AG | 3.7% |
| Siemens Energy AG | 3.6% |
| Banco BPM S.p.A. | 3.6% |
| IONOS Group SE | 3.5% |
| Nordnet AB publ | 3.3% |
| Lottomatica Group S.p.A. | 3.1% |
| Gen Digital, Inc. | 2.8% |
| Sportradar Group AG, Class A | 2.7% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10759514.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FPXE to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
IPOX<sup>®</sup> 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 Advisors L.P. The Fund is not sponsored, endorsed, sold or promoted by IPOX, and IPOX makes no representation regarding the advisability of trading in such Fund. 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 IPOX<sup>®</sup> Europe Equity Opportunities ETF (FPXE)

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust Dow Jones International Internet ETF

#### FDNI \| NASDAQ, INC.

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust Dow Jones International Internet ETF (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FDNI. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Fund** | **Costs of a $10,000 investment** |
| First Trust Dow Jones International Internet ETF | $770.66%<sup>(1)</sup> |

---

<sup>(1)</sup> Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.65%.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 32.62% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the MSCI ACWI ex-USA Information Technology Index, which returned 24.39% for the same Period.

During the Period, investments in the Consumer Discretionary sector received the greatest allocation of any sector with an average weight of 43.9% and contributed 6.9% to the Fund's overall return. With an average weight of 37.1%, investments in the Communication Services sector contributed 18.9% to the Fund's overall return, which was the greatest contribution of any sector. Investments in the Health Care sector, with an average weight of 0.1%, contributed -0.1% to the Fund's overall return, which was the most negative contribution of any sector. The Fund's currency exposure had no material impact on the Fund's performance.

#### FUND PERFORMANCE (November 5, 2018 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10759546.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **5 Year** | **Since<br> Inception<br> (11/5/18)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Dow Jones International Internet ETF | 32.62% | 0.19% | 11.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;Dow Jones International Internet Index | 32.35% | 0.82% | 11.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI ACWI ex-USA Information Technology Index | 24.39% | 13.00% | 16.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI ACWI ex-USA Index | 16.45% | 10.26% | 8.68% |

---

 **Visit www.ftportfolios.com/etf/FDNI for more recent performance information.**

 **The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$48525999 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;41 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$303616 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;45% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| Alibaba Group Holding Ltd. | 12.1% |
| Tencent Holdings Ltd. | 10.2% |
| Shopify, Inc., Class A | 10.2% |
| Spotify Technology S.A. | 7.1% |
| Prosus N.V. | 4.9% |
| Naspers Ltd., Class N | 4.8% |
| PDD Holdings, Inc., ADR | 4.8% |
| Meituan, Class B | 4.5% |
| Adyen N.V. | 4.4% |
| NetEase, Inc. | 4.1% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10759556.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FDNI to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
Dow Jones International Internet Index ("Index") is a product of S&P Dow Jones Indices, LLC or its affiliates ("SPDJI") and has been licensed for use by First Trust Advisors L.P. ("First Trust"). S&P<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 Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Index.

First Trust Dow Jones International Internet ETF (FDNI)

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust Bloomberg Emerging Market Democracies ETF

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

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust Bloomberg Emerging Market Democracies ETF (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/EMDM. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Fund** | **Costs of a $10,000 investment** |
| First Trust Bloomberg Emerging Market Democracies ETF | $850.76%<sup>(1)</sup> |

---

<sup>(1)</sup> Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.75%.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 24.91% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the MSCI Emerging Markets Index, which returned 17.32% for the same Period.

During the Period, the Fund gave a nearly equal allocation to investments in six countries: 16.4% to Taiwan, 14.6% to South Korea, 14.6% to Mexico, 14.3% to South Africa, 14.0% to India, and 13.7% to Brazil. Investments in Taiwan received the greatest allocation of any country with an average weight of 16.4% and contributed 6.2% to the Fund's overall return, which was the greatest contribution of any country. Investments in India, with an average weight of 14.0%, contributed -1.7% to the Fund's overall return, which was the most negative contribution of any country. The Fund's currency exposure had a 1.1% impact on the Fund's performance.

#### FUND PERFORMANCE (March 2, 2023 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10760218.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **Since<br> Inception<br> (3/2/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Bloomberg Emerging Market Democracies ETF | 24.91% | 18.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bloomberg Emerging Market Democracies Index | 26.03% | 20.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI Emerging Markets Index | 17.32% | 16.03% |

---

 **Visit www.ftportfolios.com/etf/EMDM for more recent performance information.**

 **The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$9838290 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;101 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$61098 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;24% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | 10.8% |
| Samsung Electronics Co., Ltd. | 8.7% |
| Grupo Mexico S.A.B. de C.V., Series B | 5.6% |
| Naspers Ltd., Class N | 4.9% |
| SK Hynix, Inc. | 3.1% |
| Gold Fields Ltd. | 3.0% |
| America Movil S.A.B. de C.V., Series B | 3.0% |
| Grupo Financiero Banorte S.A.B. de C.V., Class O | 3.0% |
| Anglogold Ashanti PLC | 2.8% |
| Petroleo Brasileiro S.A. - Petrobras | 2.7% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10760228.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/EMDM to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
"Bloomberg<sup>®</sup>" and Bloomberg Emerging Market Democracies Index referenced 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, 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.

First Trust Bloomberg Emerging Market Democracies ETF (EMDM)

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust Emerging Markets Human Flourishing ETF

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

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust Emerging Markets Human Flourishing ETF (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FTHF. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Fund** | **Costs of a $10,000 investment** |
| First Trust Emerging Markets Human Flourishing ETF | $860.76%<sup>(1)</sup> |

---

<sup>(1)</sup> Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.75%.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 26.61% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the MSCI Emerging Markets Index, which returned 17.32% for the same Period.

During the Period, investments in Taiwan received the greatest allocation, with an average weight of 21.2%, and contributed 7.2% to the Fund's overall return. With an average weight of 20.0%, investments in South Korea returned 7.7%, which was the greatest contribution of any country. Investments in the Philippines, with an average weight of 4.2%, contributed -0.6% to the Fund's overall return, which was the most negative of any country. The Fund's currency exposure had a 1.3% impact on the Fund's performance.

#### FUND PERFORMANCE (October 30, 2023 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10760260.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **Since<br> Inception<br> (10/30/23)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Emerging Markets Human Flourishing ETF | 26.61% | 25.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;Emerging Markets Human Flourishing Index | 27.96% | 26.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI Emerging Markets Index | 17.32% | 24.72% |

---

 **Visit www.ftportfolios.com/etf/FTHF for more recent performance information.**

 **The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$52689102 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;101 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$322507 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;38% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | 9.5% |
| Samsung Electronics Co., Ltd. | 9.2% |
| Gold Fields Ltd. | 5.8% |
| SK Hynix, Inc. | 4.7% |
| Itau Unibanco Holding S.A. | 3.7% |
| Wal-Mart de Mexico S.A.B. de C.V. | 3.3% |
| WEG S.A. | 2.6% |
| Grupo Financiero Banorte S.A.B. de C.V., Class O | 2.6% |
| Impala Platinum Holdings Ltd. | 2.3% |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 2.3% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10760270.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FTHF to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
Oak City Consulting, LLC ("Licensor") and the Emerging Markets Human Flourishing Index ("index") are trademarks of the Licensor and have been licensed for use for certain purposes by First Trust Advisors L.P. The First Trust Emerging Markets Human Flourishing ETF is based on the index and is not sponsored, endorsed, sold or promoted by Licensor, and Licensor makes no representation regarding the advisability of trading in such product.

First Trust Emerging Markets Human Flourishing ETF (FTHF)

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust Nasdaq Lux Digital Health Solutions ETF

#### EKG \| Nasdaq, Inc.

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust Nasdaq Lux Digital Health Solutions ETF (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/EKG. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Fund** | **Costs of a $10,000 investment** |
| First Trust Nasdaq Lux Digital Health Solutions ETF | $670.66%<sup>(1)</sup> |

---

<sup>(1)</sup> Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.65%.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 2.05% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the S&P Composite 1500<sup>®</sup> Health Care Index, which returned -7.83% for the same Period.

During the Period, investments in the Health Care Equipment & Supplies industry received the greatest allocation of any industry, with an average weight of 50.7%, and contributed -4.0% to the Fund's overall return, which was the most negative contribution of any industry. With an average weight of 8.3%, investments in the Health Care Providers & Services industry contributed 5.4% to the Fund's overall return, which was the greatest contribution of any industry.

#### FUND PERFORMANCE (March 22, 2022 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10760092.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **Since<br> Inception<br> (3/22/22)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Nasdaq Lux Digital Health Solutions ETF | 2.05% | -4.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq Lux Health Tech<sup>TM</sup> Index | 2.73% | -3.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P Composite 1500<sup>®</sup> Health Care Index | -7.83% | 1.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 3000<sup>®</sup> Index | 17.41% | 12.74% |

---

 **Visit www.ftportfolios.com/etf/EKG for more recent performance information.**

 **The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$2610240 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;39 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$18380 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;12% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| Veeva Systems, Inc., Class A | 8.9% |
| ResMed, Inc. | 8.0% |
| IQVIA Holdings, Inc. | 8.0% |
| Intuitive Surgical, Inc. | 7.6% |
| Dexcom, Inc. | 7.1% |
| Hims & Hers Health, Inc. | 4.8% |
| Hologic, Inc. | 4.0% |
| Doximity, Inc., Class A | 3.9% |
| QIAGEN N.V. | 3.8% |
| Natera, Inc. | 3.8% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10760102.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/EKG to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
Nasdaq<sup>®</sup> and Nasdaq Lux Health Tech<sup>TM</sup> Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the "Corporations") and are licensed for use by First Trust Advisors L.P. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

First Trust Nasdaq Lux Digital Health Solutions ETF (EKG)

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust Indxx Metaverse ETF

#### ARVR \| Nasdaq, Inc.

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust Indxx Metaverse ETF (the "Fund") for the year of October 1, 2024 to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/ARVR. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

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

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| **Fund** | **Costs of a $10,000 investment** |
| First Trust Indxx Metaverse ETF | $830.71%<sup>(1)</sup> |

---

<sup>(1)</sup> Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 34.40% during the 12 months ended September 30, 2025. The Fund outperformed its benchmark, the MSCI ACWI Index, which returned 17.27% for the same Period.

During the Period, investments in the Information Technology sector received the greatest allocation of any sector, with an average weight of 53.1%, and contributed 15.7% to the Fund's overall return. With an average weight of 42.4%, investments in the Communication Services sector contributed 18.8% to the Fund's overall return, which was the greatest contribution of any sector. With an average weight of 1.1%, investments in the Health Care sector contributed -0.2% to the Fund's overall return, which was the most negative contribution of any sector. The Fund's currency exposure had a

-0.2% impact on the Fund's performance.

#### FUND PERFORMANCE (April 19, 2022 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10760050.jpg)

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **1 Year** | **Since<br>Inception<br>(4/19/22)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Indxx Metaverse ETF | 34.40% | 16.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;Indxx Metaverse Index | 35.34% | 17.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI ACWI Index | 17.27% | 12.52% |

---

**Visit www.ftportfolios.com/etf/ARVR for more recent performance information.**

**The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$2520328 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;44 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$22110 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;51% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Intel Corp. | 3.9% |
| Micron Technology, Inc. | 3.8% |
| Electronic Arts, Inc. | 3.7% |
| ROBLOX Corp., Class A | 3.6% |
| Tencent Holdings Ltd. | 3.5% |
| Amphenol Corp., Class A | 3.5% |
| Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 3.4% |
| NetEase, Inc. | 3.3% |
| Apple, Inc. | 3.3% |
| Sony Group Corp. | 3.3% |

---

**Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10760060.jpg)

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

During the fiscal year ended September 30, 2025, the Fund's diversification status under the Investment Company Act of 1940 changed from non-diversified to diversified. The Fund's principal investment strategies and principal risks were revised accordingly.

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/ARVR to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
Indxx and Indxx Metaverse Index ("Index") are trademarks of Indxx, Inc. ("Indxx") and have been licensed for use for certain purposes by First Trust Advisors L.P. ("First Trust"). The Fund is not sponsored, endorsed, sold or promoted by Indxx, and Indxx makes no representation regarding the advisability of trading in such product. The Index is determined, composed and calculated by Indxx without regard to First Trust or the Fund.

First Trust Indxx Metaverse ETF (ARVR)

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust Bloomberg Artificial Intelligence ETF

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

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust Bloomberg Artificial Intelligence ETF (the "Fund") for the period of November 20, 2024 (commencement of investment operations) to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/FAI. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| |
|:---|
| **Fund** |
| First Trust Bloomberg Artificial Intelligence ETF$66<sup>(1)</sup>0.66%<sup>(2) (3)</sup> |

---

<sup>(1)</sup> The Fund commenced investment operations on November 20, 2024. Had the Fund been in operation for a complete fiscal year, the cost of a $10,000 investment would have been higher.

<sup>(2)</sup> Annualized.

<sup>(3)</sup> Includes extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.65%.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 32.16% from the Fund's inception date on November 20, 2024 through September 30, 2025. The Fund outperformed its benchmark, the S&P 500<sup>®</sup> Index, which returned 14.33% for the same period.

During the same period, investments in the Software industry received the greatest allocation, with an average weight of 35.2%. The allocation to the Semiconductors & Semiconductor Equipment industry was a close second with an allocation of 33.1%. The allocation to the Software industry contributed 8.9% to the Fund's overall return while the contribution to return from investments in the Semiconductors & Semiconductor Equipment industry was 15.6%. No industry had a negative contribution to the Fund's overall return. The Fund's currency exposure had a 1.0% impact on the Fund's performance.

#### FUND PERFORMANCE (November 20, 2024 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10760302.jpg)

---

| | |
|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **Since<br> Inception<br> (11/20/24)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Bloomberg Artificial Intelligence ETF | 32.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bloomberg Artificial Intelligence Index | 33.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500<sup>®</sup> Index | 14.33% |

---

 **Visit www.ftportfolios.com/etf/FAI for more recent performance information.**

 **The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$25621549 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;49 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$54949 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;10% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| Alphabet, Inc., Class A | 9.8% |
| NVIDIA Corp. | 8.4% |
| Microsoft Corp. | 7.5% |
| Meta Platforms, Inc., Class A | 7.4% |
| Amazon.com, Inc. | 7.1% |
| Palantir Technologies, Inc., Class A | 4.9% |
| ASML Holding N.V. | 4.5% |
| Broadcom, Inc. | 4.3% |
| Oracle Corp. | 4.3% |
| Advanced Micro Devices, Inc. | 4.2% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10760312.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/FAI to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
"Bloomberg<sup>®</sup>" and Bloomberg Artificial Intelligence Index referenced 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, 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.

First Trust Bloomberg Artificial Intelligence ETF (FAI)

![TSR - First Trust Fund Logo](images_29654.jpg)

### First Trust Bloomberg Nuclear Power ETF

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

#### ANNUAL SHAREHOLDER REPORT \| September 30, 2025
This annual shareholder report contains important information about the First Trust Bloomberg Nuclear Power ETF (the "Fund") for the period of July 30, 2025 (commencement of investment operations) to September 30, 2025 (the "Period"). You can find additional information about the Fund at www.ftportfolios.com/fund-documents/etf/RCTR. You can also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### WHAT WERE THE FUND COSTS FOR THE LAST YEAR?
(Based on a hypothetical $10,000 investment)

---

| |
|:---|
| **Fund** |
| First Trust Bloomberg Nuclear Power ETF$13<sup>(1)</sup>0.70%<sup>(2)</sup> |

---

<sup>(1)</sup> The Fund commenced investment operations on July 30, 2025. Had the Fund been in operation for a complete fiscal year, the cost of a $10,000 investment would have been higher.

<sup>(2)</sup> Annualized.

#### HOW DID THE FUND PERFORM LAST YEAR? WHAT AFFECTED THE FUND'S PERFORMANCE?
The Fund returned 8.07% from the Fund's inception date on July 30, 2025 through September 30, 2025. The Fund outperformed its benchmark, the MSCI ACWI Index, which returned 5.65% for the same period.

During the same period, investments in the United States received the greatest allocation of any country with an average weight of 42.6% and contributed 3.3% to the Fund's overall return, which was the greatest contribution of any country. Investments in South Korea, with an average weight of 7.0%, contributed -0.4% to the Fund's overall return, which was the most negative contribution of any country. The Fund's currency exposure had a 0.4% impact on the Fund's performance.

#### FUND PERFORMANCE (July 30, 2025 to September 30, 2025)
The performance line graph below shows the performance of a hypothetical $10,000 initial investment in the Fund over a ten-year period (or for the life of the Fund, if shorter). The subsequent account value as of the end of the Period is listed next to the name of the Fund or index, as applicable. The performance table below shows the average annual total returns of the Fund for the past one-, five-, and ten-year periods, as applicable (or for the life of the Fund, if shorter), as of the end of the Period. Both the line graph and performance table compare the Fund's performance to an appropriate broad-based index and may compare to additional indices reflecting the market segment(s) in which the Fund invests over the same periods.

#### Investment Performance of $10,000
![Fund Performance - Growth of 10K](chartimages_10960478.jpg)

---

| | |
|:---|:---|
| **Average Annual Total Returns (as of September 30, 2025)** | **Since<br> Inception<br> (7/30/25)** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Trust Bloomberg Nuclear Power ETF | 8.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;Bloomberg Nuclear Power Total Return Index | 8.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI ACWI Index | 5.65% |

---

 **Visit www.ftportfolios.com/etf/RCTR for more recent performance information.**

 **The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.

KEY FUND STATISTICS (As of September 30, 2025)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$4899791 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;42 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fee paid** | &nbsp;&nbsp;&nbsp;&nbsp;$3813 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;0% |

---

#### WHAT DID THE FUND INVEST IN? (As of September 30, 2025)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.

 **Top Ten Holdings**

---

| | |
|:---|:---|
| BWX Technologies, Inc. | 5.0% |
| Oklo, Inc. | 4.9% |
| Rolls-Royce Holdings PLC | 4.7% |
| GE Vernova, Inc. | 4.6% |
| Cameco Corp. | 4.4% |
| Entergy Corp. | 4.4% |
| Mitsubishi Heavy Industries Ltd. | 4.4% |
| BHP Group Ltd. | 4.3% |
| CEZ A/S | 4.1% |
| Duke Energy Corp. | 4.1% |

---

 **Sector Allocation**

![Graphical Representation - Allocation 2 Chart](chartimages_10960489.jpg)

#### WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?
Visit www.ftportfolios.com/fund-documents/etf/RCTR to view additional information about the Fund such as the prospectus, financial information, Fund holdings and proxy voting information. You may also request this information by contacting us at 1-800-621-1675 or info@ftportfolios.com.

#### OTHER INFORMATION
"Bloomberg<sup>®</sup>" and Bloomberg Nuclear Power Index referenced 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, 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.

First Trust Bloomberg Nuclear Power ETF (RCTR)

------

(b) Not applicable to the Registrant.

**Item 2. Code of Ethics.**

&nbsp;&nbsp;&nbsp;&nbsp;(a) The First Trust Exchange-Traded Fund II ("Registrant"), as of the end of the period covered by
 this report, has adopted a code of ethics that applies to the Registrant's principal executive officer, principal financial officer,
 principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed
 by the Registrant or a third party.

&nbsp;&nbsp;&nbsp;&nbsp;(c) There have been no amendments, during the period covered by this report, to a provision of the code of ethics
 that applies to the Registrant's principal executive officer, principal financial officer, principal accounting officer or controller,
 or persons performing similar functions, regardless of whether these individuals are employed by the Registrant or a third party, and
 that relates to any element of the code of ethics description.

&nbsp;&nbsp;&nbsp;&nbsp;(d) The Registrant, during the period covered by this report, has not granted any waivers, including an implicit
 waiver, from a provision of the code of ethics that applies to the Registrant's principal executive officer, principal financial
 officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals
 are employed by the Registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item's
 instructions.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;(f) A copy of the code of ethics that applies to the Registrant's principal executive officer, principal
 financial officer, principal accounting officer or controller is filed as an exhibit pursuant to Item 13(a)(1).

**Item 3. Audit Committee Financial Expert.**

The Registrant's Board of Trustees has determined that Thomas J. Driscoll, Thomas R. Kadlec and Robert F. Keith are qualified to serve as audit committee financial experts serving on its audit committee and that each of them is "independent," as defined by Item 3 of Form N-CSR.

**Item 4. Principal Accountant Fees and Services.**

&nbsp;&nbsp;&nbsp;&nbsp;(a) Audit Fees (Registrant) -- The aggregate fees billed for professional services rendered by the principal accountant
 for the audit of the Registrant's annual financial statements or services that are normally provided by the accountant in connection
 with statutory and regulatory filings or engagements were $406,563 for the fiscal year ended 2024 and $445,938 for the fiscal year ended
 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Audit-Related Fees (Registrant) -- The aggregate fees billed for assurance and related services by the principal
 accountant that are reasonably related to the performance of the audit of the Registrant's financial statements and are not reported
 under paragraph (a) of this Item were $0 for the fiscal year ended 2024 and $0 for the fiscal year ended 2025.

Audit-Related Fees (Investment Advisor) -- The aggregate fees billed for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the Registrant's financial statements and are not reported under paragraph (a) of this Item were $0 for the fiscal year ended 2024 and $0 for the fiscal year ended 2025.

Audit-Related Fees (Distributor) -- The aggregate fees billed for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the Registrant's financial statements and are not reported under paragraph (a) of this Item were $0 for the fiscal year ended 2024 and $0 for the fiscal year ended 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Tax Fees (Registrant) -- The aggregate fees billed for professional services rendered by the principal accountant
 for tax return review and debt instrument tax analysis and reporting were $288,996 for the fiscal year ended 2024 and $175,122 for the
 fiscal year ended 2025.

Tax Fees (Investment Advisor) -- The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning to the Registrant's advisor were $0 for the fiscal year ended 2024 and $0 for the fiscal year ended 2025.

Tax Fees (Distributor) -- The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning to the Registrant's distributor were $0 for the fiscal year ended 2024 and $0 for the fiscal year ended 2025.

These fees were for tax consultation and/or tax return preparation and professional services rendered for PFIC (Passive Foreign Investment Company) Identification Services.

&nbsp;&nbsp;&nbsp;&nbsp;(d) All Other Fees (Registrant) -- The aggregate fees billed for products and services provided by the principal
 accountant to the Registrant, other than the services reported in paragraphs (a) through (c) of this Item were $0 for the fiscal year
 ended 2024 and $0 for the fiscal year ended 2025.

All Other Fees (Investment Advisor) -- The aggregate fees billed for products and services provided by the principal accountant to the Registrant's investment advisor, other than the services reported in paragraphs (a) through (c) of this Item were $0 for the fiscal year ended 2024 and $0 for the fiscal year ended 2025.

All Other Fees (Distributor) -- The aggregate fees billed for products and services provided by the principal accountant to the Registrant's distributor, other than the services reported in paragraphs (a) through (c) of this Item were $0 for the fiscal year ended 2024 and $0 for the fiscal year ended 2025.

(e)(1) Disclose the audit committee's pre-approval policies and procedures described in paragraph (c) (7) of Rule 2-01 of Regulation S-X.

Pursuant to its charter and its Audit and Non-Audit Services Pre-Approval Policy, the Audit Committee (the "Committee") is responsible for the pre-approval of all audit services and permitted non-audit services (including the fees and terms thereof) to be performed for the Registrant by its independent auditors. The Chairman of the Committee is authorized to give such pre-approvals on behalf of the Committee up to $25,000 and report any such pre-approval to the full Committee.

The Committee is also responsible for the pre-approval of the independent auditor's engagements for non-audit services with the Registrant's advisor (not including a sub-advisor whose role is primarily portfolio management and is sub-contracted or overseen by another investment advisor) and any entity controlling, controlled by or under common control with the investment advisor that provides ongoing services to the Registrant, if the engagement relates directly to the operations and financial reporting of the Registrant, subject to the de minimis exceptions for non-audit services described in Rule 2-01 of Regulation S-X. If the independent auditor has provided non-audit services to the Registrant's advisor (other than any sub-advisor whose role is primarily portfolio management and is sub-contracted with or overseen by another investment advisor) and any entity controlling, controlled by or under common control with the investment advisor that provides ongoing services to the Registrant that were not pre-approved pursuant to its policies, the Committee will consider whether the provision of such non-audit services is compatible with the auditor's independence.

(e)(2) The percentage of services described in each of paragraphs (b) through (d) for the Registrant and the Registrant's investment advisor and distributor of this Item that were approved by the audit committee pursuant to the pre-approval exceptions included in paragraph (c)(7)(i)(C) or paragraph(C)(7)(ii) of Rule 2-01 of Regulation S-X are as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp;Registrant: | &nbsp;&nbsp;Advisor and Distributor: |
| &nbsp;&nbsp;(b) 0% | &nbsp;&nbsp; (b) 0% |
| &nbsp;&nbsp;(c) 0% | &nbsp;&nbsp; (c) 0% |
| &nbsp;&nbsp;(d) 0% | &nbsp;&nbsp; (d) 0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(f) The percentage of hours expended on the principal accountant's engagement to audit the Registrant's
 financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant's
 full-time, permanent employees was less than fifty percent.

&nbsp;&nbsp;&nbsp;&nbsp;(g) The aggregate non-audit fees billed by the Registrant's accountant for services rendered to the Registrant,
 and rendered to the Registrant's investment advisor (not including any sub-advisor whose role is primarily portfolio management
 and is subcontracted with or overseen by another investment advisor), and any entity controlling, controlled by, or under common control
 with the advisor that provides ongoing services to the Registrant for the fiscal year ended 2024 were $288,996 for the Registrant, $28,600
 for the Registrant's investment advisor and $33,000 for the Registrant's distributor; and for the fiscal year ended 2025 were
 $175,122 for the Registrant, $28,080 for the Registrant's investment advisor and $32,400 for the Registrant's distributor.

&nbsp;&nbsp;&nbsp;&nbsp;(h) The Registrant's audit committee of its Board of Trustees has determined that the provision of non-audit
 services that were rendered to the Registrant's investment advisor (not including any sub-advisor whose role is primarily portfolio
 management and is subcontracted with or overseen by another investment advisor), and any entity controlling, controlled by, or under common
 control with the investment advisor that provides ongoing services to the Registrant that were not pre-approved pursuant to paragraph
 (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant's independence.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Not applicable to the Registrant.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Not applicable to the Registrant.

**Item 5. Audit Committee of Listed Registrants.**

&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registrant has a separately designated standing audit committee established in accordance with Section
 3(a)(58)(A) of the Securities Exchange Act of 1934 consisting of all the independent directors of the Registrant. The audit committee
 of the Registrant is comprised of: Thomas J. Driscoll, Richard E. Erickson, Thomas R. Kadlec, Denise M. Keefe, Robert F. Keith, Niel B.
 Nielson and Bronwyn Wright.

(b) Not applicable to the Registrant.

**Item 6. Investments.**

&nbsp;&nbsp;&nbsp;&nbsp;(a) The Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period
 is included in the Financial Statements and Other Information filed under Item 7(a) of this Form N-CSR.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable to the Registrant.

**Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.**

(a) Following is a copy of the annual financial statement(s) required, and for the periods specified, by Regulation S-X.

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

Annual Financial Statements and Other Information <br> For the Year Ended September 30, 2025

![](img59a20ad21.gif)

<u>First Trust Exchange-Traded Fund II</u>

Book 1

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

---

| |
|:---|
| First Trust STOXX<sup>®</sup> European Select Dividend Index Fund (FDD) |
| First Trust Alerian Disruptive Technology Real Estate ETF (DTRE) |
| First Trust Dow Jones Global Select Dividend Index Fund (FGD) |
| First Trust Global Wind Energy ETF (FAN) |
| First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD) |
| First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid Infrastructure <br> Index Fund (GRID)<br>|
| First Trust Indxx Global Natural Resources Income ETF (FTRI) |
| First Trust Indxx Global Agriculture ETF (FTAG) |
| First Trust Indxx NextG ETF (NXTG) |
| First Trust S-Network Future Vehicles & Technology ETF (CARZ) |
| First Trust Cloud Computing ETF (SKYY) |
| First Trust International Equity Opportunities ETF (FPXI) |
| First Trust Nasdaq Cybersecurity ETF (CIBR) |
| First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF (FPXE) |
| First Trust Dow Jones International Internet ETF (FDNI) |
| First Trust Bloomberg Emerging Market Democracies ETF <br> (EMDM)<br>|
| First Trust Emerging Markets Human Flourishing ETF (FTHF) |

---

------

**Table of Contents** 

**First Trust Exchange-Traded Fund II**

**Annual Financial Statements and Other Information**

**September 30, 2025** 

---

| | |
|:---|:---|
| [Portfolio of Investments](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4241_1) |  |
| [First Trust STOXX](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4241_1)<sup>®</sup>[European Select Dividend Index Fund (FDD)](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4241_1) | 1 |
| [First Trust Alerian Disruptive Technology Real Estate ETF (DTRE)](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4242_1) | 3 |
| [First Trust Dow Jones Global Select Dividend Index Fund (FGD)](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4243_1) | 5 |
| [First Trust Global Wind Energy ETF (FAN)](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4244_1) | 8 |
| [First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD)](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4245_1) | 11 |
| [First Trust NASDAQ](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4247_1)<sup>®</sup>[Clean Edge](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4247_1)<sup>®</sup>[Smart Grid Infrastructure Index Fund (GRID)](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4247_1) | 14 |
| [First Trust Indxx Global Natural Resources Income ETF (FTRI)](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4249_1) | 18 |
| [First Trust Indxx Global Agriculture ETF (FTAG)](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4250_1) | 21 |
| [First Trust Indxx NextG ETF (NXTG)](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4251_1) | 23 |
| [First Trust S-Network Future Vehicles & Technology ETF (CARZ)](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4256_1) | 28 |
| [First Trust Cloud Computing ETF (SKYY)](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4257_1) | 32 |
| [First Trust International Equity Opportunities ETF (FPXI)](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4296_1) | 34 |
| [First Trust Nasdaq Cybersecurity ETF (CIBR)](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4297_1) | 37 |
| [First Trust IPOX](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4206_1)<sup>®</sup>[Europe Equity Opportunities ETF (FPXE)](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4206_1) | 40 |
| [First Trust Dow Jones International Internet ETF (FDNI)](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4208_1) | 44 |
| [First Trust Bloomberg Emerging Market Democracies ETF (EMDM)](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4485_1) | 46 |
| [First Trust Emerging Markets Human Flourishing ETF (FTHF)](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOI-TOC-ScheduleofInvestments-4633_1) | 49 |
| [Statements of Assets and Liabilities](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SAL1-TOC-StatementofAssetsandLiabilities-4244_1) | 52 |
| [Statements of Operations](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOP1-TOC-StatementofOperations-4244_2) | 58 |
| [Statements of Changes in Net Assets](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_SOC1-TOC-StatementofChanges-4244_2) | 64 |
| [Financial Highlights](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_FIHI-TOC-FinancialHighlights-4244_1) | 71 |
| [Notes to Financial Statements](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_NTF-TOC-NotestoFinancialStatements-4241_1) | 88 |
| [Report of Independent Registered Public Accounting Firm](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_AUD-TOC-RIRPAFirm-4244_1) | 103 |
| [Other Information](#xx_e1ca21e2-27f4-4f67-ad7b-6b3e956d193e_AI-TOC-AdditionalInformation-4244_1) | 105 |

---

**Performance and Risk Disclosure**

There is no assurance that any series of First Trust Exchange-Traded Fund II (the "Trust") described in this report (each such series is referred to as a "Fund" and collectively, as the "Funds") will achieve its investment objective. Each Fund is subject to market risk, which is the possibility that the market values of securities owned by the Fund will decline and that the value of the Fund's shares may therefore be less than what you paid for them. Accordingly, you can lose money by investing in a Fund.

Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. For the most recent month-end performance figures, please visit www.ftportfolios.com or speak with your financial advisor. Investment returns, net asset value and share price will fluctuate and Fund shares, when sold, may be worth more or less than their original cost.

First Trust Advisors L.P., the Funds' advisor, may also periodically provide additional information on Fund performance on each Fund's webpage at www.ftportfolios.com.

**How to Read This Report**

This report contains information that may help you evaluate your investment. It includes details about each Fund and presents data that provides insight into each Fund's performance and investment approach.

The material risks of investing in each Fund are spelled out in its prospectus, statement of additional information, and other Fund regulatory filings.

------

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

**Portfolio of Investments**

**September 30, 2025**

&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%** |
|  | **Belgium — 2.6%** |  |
| 250007 | Ageas S.A./N.V. (EUR) | $17288421 |
|  | **Denmark — 6.6%** |  |
| 12699 | AP Moller - Maersk A/S, <br> Class A (DKK) | 24826570 |
| 235204 | Sydbank A/S (DKK) | 18884979 |
|  |  | 43711549 |
|  | **France — 12.8%** |  |
| 210234 | BNP Paribas S.A. (EUR) | 19087050 |
| 954834 | Credit Agricole S.A. (EUR) | 18743557 |
| 1289404 | Orange S.A. (EUR) | 20905981 |
| 690786 | Rubis S.C.A. (EUR) | 25774205 |
|  |  | 84510793 |
|  | **Germany — 10.8%** |  |
| 30890 | Allianz SE (EUR) | 12961651 |
| 228762 | Bayerische Motoren Werke AG <br> (Preference Shares) (EUR) | 21204297 |
| 278137 | Mercedes-Benz Group AG <br> (EUR) | 17460505 |
| 186585 | Volkswagen AG (Preference <br> Shares) (EUR) | 20144827 |
|  |  | 71771280 |
|  | **Italy — 6.4%** |  |
| 989496 | Poste Italiane S.p.A. <br> (EUR) (c) (d) | 23455150 |
| 3154419 | Snam S.p.A. (EUR) | 18954290 |
|  |  | 42409440 |
|  | **Netherlands — 19.7%** |  |
| 1041504 | ABN AMRO Bank N.V. <br> (EUR) (c) (d) | 33320791 |
| 314221 | ASR Nederland N.V. (EUR) | 21315749 |
| 900508 | ING Groep N.V. (EUR) | 23338672 |
| 382618 | NN Group N.V. (EUR) | 26907917 |
| 960381 | Signify N.V. (EUR) (c) (d) | 25144111 |
|  |  | 130027240 |
|  | **Norway — 5.3%** |  |
| 1388917 | Aker BP ASA (NOK) | 35225525 |
|  | **Poland — 3.8%** |  |
| 1056570 | ORLEN S.A. (PLN) | 25150822 |
|  | **Spain — 2.6%** |  |
| 537807 | Endesa S.A. (EUR) | 17180779 |
|  | **Switzerland — 2.9%** |  |
| 97029 | Holcim AG (CHF) | 8207943 |
| 15340 | Zurich Insurance Group AG <br> (CHF) | 10918465 |
|  |  | 19126408 |
|  | **United Kingdom — 26.0%** |  |
| 1731255 | HSBC Holdings PLC (GBP) | 24331403 |
| 1370588 | IG Group Holdings PLC (GBP) | 19852374 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United Kingdom (Continued)** |  |
| 3625608 | Investec PLC (GBP) | $27086615 |
| 9229355 | Legal & General Group PLC <br> (GBP) | 29541880 |
| 2724196 | NatWest Group PLC (GBP) | 19110223 |
| 370383 | Rio Tinto PLC (GBP) | 24346001 |
| 19779098 | Taylor Wimpey PLC (GBP) | 27412226 |
|  |  | 171680722 |
|  | **Total Common Stocks** | 658082979 |
|  | (Cost $571,733,267) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| 727406 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.99% (e) | 727406 |
|  | (Cost $727,406) |  |
|  | **Total Investments — 99.6%** | 658810385 |
|  | (Cost $572,460,673) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.4%** | 2683064 |
|  | **Net Assets — 100.0%** | $661493449 |

---

&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.

&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 September 30, 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;

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| EUR | 55.1% |
| GBP | 26.1 |
| DKK | 6.6 |
| NOK | 5.4 |
| PLN | 3.8 |
| CHF | 2.9 |
| USD | 0.1 |
| Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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\* | $658082979 | $658082979 | $— | $— |
| Money Market Funds | 727406 | 727406 |  |  |
| Total Investments | $658810385 | $658810385 | $— | $— |

---

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

\* See Portfolio of Investments for country breakout.

See Notes to Financial Statements

------

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

**Portfolio of Investments**

**September 30, 2025**

&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%** |
|  | **Belgium — 1.4%** |  |
| 8762 | Warehouses De Pauw C.V.A. <br> (EUR) | $218909 |
|  | **Canada — 1.1%** |  |
| 18457 | Dream Industrial Real Estate <br> Investment Trust (CAD) | 164849 |
|  | **Japan — 7.6%** |  |
| 338 | Daiwa House REIT Investment <br> Corp. (JPY) | 287980 |
| 304 | GLP J-REIT (JPY) | 280596 |
| 180 | Industrial & Infrastructure Fund <br> Investment Corp. (JPY) | 165291 |
| 226 | Mitsui Fudosan Logistics Park, <br> Inc. (JPY) | 162449 |
| 478 | Nippon Prologis REIT, Inc. <br> (JPY) | 279266 |
|  |  | 1175582 |
|  | **Singapore — 10.1%** |  |
| 377264 | Frasers Logistics & Commercial <br> Trust (SGD) (c) | 277841 |
| 226800 | Keppel DC REIT (SGD) | 420211 |
| 251900 | Mapletree Industrial Trust (SGD) | 415944 |
| 475977 | Mapletree Logistics Trust (SGD) | 461236 |
|  |  | 1575232 |
|  | **United Kingdom — 7.8%** |  |
| 142618 | LondonMetric Property PLC <br> (GBP) | 348897 |
| 73863 | Segro PLC (GBP) | 651063 |
| 108631 | Tritax Big Box REIT PLC <br> (GBP) | 211111 |
|  |  | 1211071 |
|  | **United States — 71.2%** |  |
| 4691 | American Tower Corp. | 902173 |
| 40085 | Americold Realty Trust, Inc. | 490640 |
| 9973 | Crown Castle, Inc. | 962295 |
| 6082 | Digital Realty Trust, Inc. | 1051456 |
| 3981 | EastGroup Properties, Inc. | 673824 |
| 1366 | Equinix, Inc. | 1069906 |
| 14293 | First Industrial Realty Trust, Inc. | 735661 |
| 78003 | LXP Industrial Trust | 698907 |
| 10524 | Plymouth Industrial REIT, Inc. | 235001 |
| 9564 | Prologis, Inc. | 1095269 |
| 19000 | Rexford Industrial Realty, Inc. | 781090 |
| 4454 | SBA Communications Corp. | 861181 |
| 18470 | STAG Industrial, Inc. | 651806 |
| 11514 | Terreno Realty Corp. | 653420 |
| 33392 | Uniti Group, Inc. (d) | 204359 |
|  |  | 11066988 |
|  | **Total Common Stocks** | 15412631 |
|  | (Cost $15,428,003) |  |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **RIGHTS (a) (b) — 0.0%** | **RIGHTS (a) (b) — 0.0%** | **RIGHTS (a) (b) — 0.0%** |
|  | **Singapore — 0.0%** |  |
| 18144 | Keppel DC REIT, expiring <br> 10/13/25 (SGD) (d) (e) (f) | $2110 |
|  | (Cost $0) |  |
| **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** |
| 29150 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.99% (g) | 29150 |
|  | (Cost $29,150) |  |
|  | **Total Investments — 99.4%** | 15443891 |
|  | (Cost $15,457,153) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.6%** | 93194 |
|  | **Net Assets — 100.0%** | $15537085 |

---

&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.

&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) Non-income
 producing security.

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

&nbsp;&nbsp;&nbsp;&nbsp;(f) This
 security is fair valued by the Advisor's Pricing Committee
 in accordance with procedures approved by the Trust's
 Board of Trustees, and in accordance with provisions of
 the Investment Company Act of 1940 and rules thereunder,
 as amended. At September 30, 2025, securities noted
 as such are valued at $2,110 or 0.0% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Rate
 shown reflects yield as of September 30, 2025.

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

---

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

---

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

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| USD | 71.8% |
| SGD | 10.2 |
| GBP | 7.9 |
| JPY | 7.6 |
| EUR | 1.4 |
| CAD | 1.1 |
| Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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\* | $15412631 | $15412631 | $— | $— |
| Rights\* | 2110 |  | 2110 |  |
| Money Market Funds | 29150 | 29150 |  |  |
| Total Investments | $15443891 | $15441781 | $2110 | $— |

---

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

\* See Portfolio of Investments for country breakout.

See Notes to Financial Statements

------

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

**Portfolio of Investments**

**September 30, 2025**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 99.3%** | **COMMON STOCKS (a) (b) — 99.3%** | **COMMON STOCKS (a) (b) — 99.3%** |
|  | **Australia — 3.5%** |  |
| 1396069 | Bank of Queensland Ltd. (AUD) | $6697392 |
| 835523 | Fortescue Ltd. (AUD) | 10327521 |
| 1510966 | Harvey Norman Holdings Ltd. <br> (AUD) | 7378564 |
| 634576 | Super Retail Group Ltd. (AUD) | 6827552 |
|  |  | 31231029 |
|  | **Austria — 1.1%** |  |
| 183534 | OMV AG (EUR) | 9787044 |
|  | **Belgium — 1.0%** |  |
| 125215 | Ageas S.A./N.V. (EUR) | 8658836 |
|  | **Bermuda — 0.6%** |  |
| 798590 | CK Infrastructure Holdings Ltd. <br> (HKD) | 5243923 |
|  | **Canada — 11.3%** |  |
| 137208 | Bank of Nova Scotia (The) <br> (CAD) | 8872133 |
| 557698 | BCE, Inc. (CAD) | 13031788 |
| 87022 | Canadian Imperial Bank of <br> Commerce (CAD) | 6953881 |
| 244521 | Canadian Utilities Ltd., Class A <br> (CAD) | 6839982 |
| 141177 | Great-West Lifeco, Inc. (CAD) | 5729451 |
| 181575 | IGM Financial, Inc. (CAD) | 6609607 |
| 528934 | Labrador Iron Ore Royalty Corp. <br> (CAD) | 10672176 |
| 417266 | Laurentian Bank of Canada <br> (CAD) | 9891216 |
| 838227 | Peyto Exploration & <br> Development Corp. (CAD) | 10919778 |
| 151253 | Power Corp. of Canada (CAD) | 6544841 |
| 129675 | TC Energy Corp. (CAD) | 7050734 |
| 533039 | TELUS Corp. (CAD) | 8395642 |
|  |  | 101511229 |
|  | **Cayman Islands — 3.1%** |  |
| 6205470 | Chow Tai Fook Jewellery <br> Group, Ltd. (HKD) | 12407830 |
| 1161862 | CK Hutchison Holdings Ltd. <br> (HKD) | 7651736 |
| 3767447 | Stella International Holdings <br> Ltd. (HKD) | 7436181 |
|  |  | 27495747 |
|  | **Denmark — 1.3%** |  |
| 5998 | AP Moller - Maersk A/S, <br> Class A (DKK) | 11726102 |
|  | **Finland — 0.9%** |  |
| 424727 | Fortum Oyj (EUR) | 8030794 |
|  | **France — 2.4%** |  |
| 571593 | Carrefour S.A. (EUR) | 8653586 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **France (Continued)** |  |
| 103551 | TotalEnergies SE (EUR) | $6289044 |
| 241345 | Verallia S.A. (EUR) (c) (d) | 6687105 |
|  |  | 21629735 |
|  | **Germany — 5.1%** |  |
| 89700 | BASF SE (EUR) | 4464201 |
| 105349 | Bayerische Motoren Werke AG <br> (Preference Shares) (EUR) | 9764959 |
| 181773 | Freenet AG (EUR) | 5809053 |
| 128403 | Mercedes-Benz Group AG <br> (EUR) | 8060708 |
| 191365 | Porsche Automobil Holding SE <br> (Preference Shares) (EUR) | 7515303 |
| 90812 | Volkswagen AG (Preference <br> Shares) (EUR) | 9804604 |
|  |  | 45418828 |
|  | **Guernsey — 1.2%** |  |
| 8051540 | Sirius Real Estate Ltd. (GBP) | 10584870 |
|  | **Hong Kong — 6.8%** |  |
| 1877425 | BOC Hong Kong Holdings Ltd. <br> (HKD) | 8815414 |
| 518874 | Hang Seng Bank Ltd. (HKD) | 7901178 |
| 3460960 | Henderson Land Development <br> Co., Ltd. (HKD) | 12203720 |
| 14849912 | PCCW Ltd. (HKD) | 10170976 |
| 8177092 | Sino Land Co., Ltd. (HKD) | 10350151 |
| 3916358 | Swire Properties Ltd. (HKD) | 11142216 |
|  |  | 60583655 |
|  | **Italy — 4.1%** |  |
| 2176502 | A2A S.p.A. (EUR) | 5690719 |
| 553030 | Eni S.p.A. (EUR) | 9652297 |
| 1271446 | Italgas S.p.A. (EUR) | 11695661 |
| 400505 | Poste Italiane S.p.A. <br> (EUR) (c) (d) | 9493626 |
|  |  | 36532303 |
|  | **Japan — 0.8%** |  |
| 226470 | Japan Tobacco, Inc. (JPY) | 7445631 |
|  | **Luxembourg — 1.5%** |  |
| 228439 | APERAM S.A. (EUR) | 7407672 |
| 1720690 | B&M European Value Retail <br> S.A. (GBP) | 6056144 |
|  |  | 13463816 |
|  | **Netherlands — 2.8%** |  |
| 133716 | ASR Nederland N.V. (EUR) | 9070867 |
| 102924 | LyondellBasell Industries N.V., <br> Class A | 5047393 |
| 158604 | NN Group N.V. (EUR) | 11153953 |
|  |  | 25272213 |
|  | **New Zealand — 1.7%** |  |
| 11347200 | Spark New Zealand Ltd. (NZD) | 15525365 |

---

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Norway — 0.9%** |  |
| 313448 | DNB Bank ASA (NOK) | $8527552 |
|  | **Singapore — 0.9%** |  |
| 881187 | BOC Aviation Ltd. <br> (HKD) (c) (d) | 7881137 |
|  | **South Korea — 16.3%** |  |
| 870090 | BNK Financial Group, Inc. <br> (KRW) | 9047869 |
| 121510 | DB Insurance Co., Ltd. (KRW) | 11994680 |
| 301032 | GS Holdings Corp. (KRW) | 9858822 |
| 163775 | Hana Financial Group, Inc. <br> (KRW) | 10178668 |
| 80359 | Hyundai Motor Co. (Preference <br> Shares) (KRW) | 9536206 |
| 952135 | iM Financial Group Co., Ltd. <br> (KRW) | 9337784 |
| 677963 | Industrial Bank of Korea (KRW) | 9403200 |
| 117374 | Kia Corp. (KRW) | 8424191 |
| 90300 | KIWOOM Securities Co., Ltd. <br> (KRW) | 15768148 |
| 87701 | KT&G Corp. (KRW) | 8350988 |
| 946817 | LG Uplus Corp. (KRW) | 10358605 |
| 20622 | Samsung Fire & Marine <br> Insurance Co., Ltd. (KRW) | 6636138 |
| 270347 | Samsung Securities Co., Ltd. <br> (KRW) | 13815530 |
| 701612 | Woori Financial Group, Inc. <br> (KRW) | 12976609 |
|  |  | 145687438 |
|  | **Spain — 10.2%** |  |
| 606551 | Bankinter S.A. (EUR) | 9546013 |
| 1004819 | CaixaBank S.A. (EUR) | 10553696 |
| 1016761 | Enagas S.A. (EUR) | 15888569 |
| 271148 | Logista Integral S.A. (EUR) | 9200091 |
| 2390706 | Mapfre S.A. (EUR) | 11311471 |
| 235590 | Naturgy Energy Group S.A. <br> (EUR) | 7318710 |
| 292210 | Redeia Corp. S.A. (EUR) | 5640073 |
| 676752 | Repsol S.A. (EUR) | 11969790 |
| 1828812 | Telefonica S.A. (EUR) | 9443047 |
|  |  | 90871460 |
|  | **Sweden — 0.8%** |  |
| 1957098 | Telia Co., AB (SEK) | 7460937 |
|  | **Switzerland — 1.3%** |  |
| 30424 | Swiss Re AG (CHF) | 5620061 |
| 8113 | Zurich Insurance Group AG <br> (CHF) | 5774544 |
|  |  | 11394605 |
|  | **United Kingdom — 8.1%** |  |
| 4684599 | Aberdeen Group PLC (GBP) | 12443122 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United Kingdom (Continued)** |  |
| 230378 | British American Tobacco PLC <br> (GBP) | $12229197 |
| 451546 | IG Group Holdings PLC (GBP) | 6540448 |
| 1149179 | Investec PLC (GBP) | 8585420 |
| 3082204 | Legal & General Group PLC <br> (GBP) | 9865706 |
| 1785417 | Phoenix Group Holdings PLC <br> (GBP) | 15451763 |
| 109783 | Rio Tinto PLC (GBP) | 7216252 |
|  |  | 72331908 |
|  | **United States — 11.6%** |  |
| 149187 | Altria Group, Inc. | 9855293 |
| 235894 | First Interstate BancSystem, Inc., <br> Class A | 7517942 |
| 754573 | Ford Motor Co. | 9024693 |
| 348472 | Franklin Resources, Inc. | 8060158 |
| 1650957 | Kohl's Corp. | 25375209 |
| 584644 | Northwest Bancshares, Inc. | 7243739 |
| 172187 | OneMain Holdings, Inc. | 9721678 |
| 50173 | Prudential Financial, Inc. | 5204947 |
| 129027 | Universal Corp. | 7208739 |
| 166613 | Verizon Communications, Inc. | 7322641 |
| 929010 | Western Union (The) Co. | 7422790 |
|  |  | 103957829 |
|  | **Total Common Stocks** | 888253986 |
|  | (Cost $740,952,544) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| 476077 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.99% (e) | 476077 |
|  | (Cost $476,077) |  |
|  | **Total Investments — 99.4%** | 888730063 |
|  | (Cost $741,428,621) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.6%** | 5307631 |
|  | **Net Assets — 100.0%** | $894037694 |

---

&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.

&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.

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

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

&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 September 30, 2025.

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

---

| | |
|:---|:---|
| 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;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| EUR | 28.0% |
| KRW | 16.4 |
| USD | 12.3 |
| CAD | 11.4 |
| HKD | 11.4 |
| GBP | 10.0 |
| AUD | 3.5 |
| NZD | 1.8 |
| DKK | 1.3 |
| CHF | 1.3 |
| NOK | 1.0 |
| SEK | 0.8 |
| JPY | 0.8 |
| Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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\* | $888253986 | $888253986 | $— | $— |
| Money Market Funds | 476077 | 476077 |  |  |
| Total Investments | $888730063 | $888730063 | $— | $— |

---

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

\* See Portfolio of Investments for country breakout.

See Notes to Financial Statements

------

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

**Portfolio of Investments**

**September 30, 2025**

&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 — 0.5%** |  |
| 17274725 | Concord New Energy Group <br> Ltd. (HKD) | $876839 |
|  | **Brazil — 0.8%** |  |
| 605669 | Serena Energia S.A. (BRL) (c) | 1405423 |
|  | **Canada — 10.2%** |  |
| 290228 | Boralex, Inc., Class A (CAD) | 5666088 |
| 779060 | Northland Power, Inc. (CAD) (d) | 13043111 |
|  |  | 18709199 |
|  | **China — 9.8%** |  |
| 5734462 | China Datang Corp. Renewable <br> Power Co., Ltd., Class H <br> (HKD) | 2011717 |
| 7055725 | China Longyuan Power Group <br> Corp., Ltd., Class H (HKD) | 7534497 |
| 3501481 | China Suntien Green Energy <br> Corp., Ltd., Class H (HKD) | 1912283 |
| 891200 | Dongfang Electric Corp., Ltd., <br> Class H (HKD) | 1902201 |
| 2570491 | Goldwind Science & <br> Technology Co., Ltd., Class H <br> (HKD) | 4624403 |
|  |  | 17985101 |
|  | **Denmark — 12.3%** |  |
| 480965 | Orsted A/S (DKK) (c) (d) (e) (f) | 8589674 |
| 731483 | Vestas Wind Systems A/S <br> (DKK) | 13782789 |
|  |  | 22372463 |
|  | **France — 2.1%** |  |
| 175880 | Engie S.A. (EUR) | 3769521 |
|  | **Germany — 11.5%** |  |
| 20384 | Energiekontor AG (EUR) | 1050611 |
| 414829 | Nordex SE (EUR) (c) | 10617285 |
| 83952 | PNE AG (EUR) (d) | 1301046 |
| 90868 | RWE AG (EUR) | 4034784 |
| 34296 | Siemens Energy AG (EUR) (c) | 4003180 |
|  |  | 21006906 |
|  | **Israel — 5.8%** |  |
| 641113 | Energix-Renewable Energies <br> Ltd. (ILS) | 2764052 |
| 257128 | Enlight Renewable Energy Ltd. <br> (ILS) (c) | 7910556 |
|  |  | 10674608 |
|  | **Italy — 6.8%** |  |
| 394636 | Enel S.p.A. (EUR) | 3737169 |
| 184814 | ERG S.p.A. (EUR) | 4556612 |
| 41640 | Prysmian S.p.A. (EUR) | 4115357 |
|  |  | 12409138 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Japan — 3.8%** |  |
| 132100 | Hitachi Ltd. (JPY) | $3510518 |
| 538310 | Toray Industries, Inc. (JPY) | 3440947 |
|  |  | 6951465 |
|  | **Netherlands — 1.6%** |  |
| 242023 | Fugro N.V. (EUR) | 2581484 |
| 39727 | SIF Holding N.V. (EUR) (c) (d) | 360540 |
|  |  | 2942024 |
|  | **South Korea — 1.6%** |  |
| 41683 | CS Bearing Co., Ltd. (KRW) (c) | 193702 |
| 77072 | CS Wind Corp. (KRW) | 2301640 |
| 516207 | Unison Co., Ltd. (KRW) (c) | 390729 |
|  |  | 2886071 |
|  | **Spain — 11.3%** |  |
| 18388 | Acciona S.A. (EUR) | 3689474 |
| 1008946 | EDP Renovaveis S.A. (EUR) | 13267033 |
| 193550 | Iberdrola S.A. (EUR) | 3659668 |
|  |  | 20616175 |
|  | **Sweden — 1.9%** |  |
| 142041 | SKF AB, Class B (SEK) | 3518436 |
|  | **Switzerland — 2.0%** |  |
| 17467 | BKW AG (CHF) | 3727961 |
|  | **Taiwan — 2.4%** |  |
| 751204 | Century Iron & Steel Industrial <br> Co., Ltd. (TWD) | 4313298 |
|  | **Turkey — 0.2%** |  |
| 538309 | Galata Wind Enerji A/S <br> (TRY) (c) | 315135 |
|  | **United Kingdom — 0.9%** |  |
| 219276 | ReNew Energy Global PLC, <br> Class A (c) | 1688425 |
|  | **United States — 14.3%** |  |
| 55967 | Alliant Energy Corp. | 3772735 |
| 72982 | American Superconductor <br> Corp. (c) | 4334401 |
| 36804 | Arcosa, Inc. | 3448903 |
| 122167 | Clearway Energy, Inc., Class C | 3451218 |
| 5941 | GE Vernova, Inc. | 3653121 |
| 50545 | NextEra Energy, Inc. | 3815642 |
| 47155 | Timken (The) Co. | 3545113 |
|  |  | 26021133 |
|  | **Total Common Stocks** | 182189321 |
|  | (Cost $188,636,035) |  |
| **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** | **MONEY MARKET FUNDS — 0.3%** |
| 613091 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.99% (g) | 613091 |
|  | (Cost $613,091) |  |

---

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

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 14.1%** | **REPURCHASE AGREEMENTS — 14.1%** | **REPURCHASE AGREEMENTS — 14.1%** |
| $5213915 | Bank of America Corp., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $5,214,523. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $5,318,193. (h) | $5213915 |
| 7630682 | JPMorgan Chase & Co., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $7,631,572. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $7,783,296. (h) | 7630682 |
| 4574885 | Mizuho Financial Group, Inc., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $4,575,419. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $4,666,384. (h) | 4574885 |
| 8206804 | RBC Dominion Securities, Inc., <br> 4.19% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $8,207,759. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $8,370,940. (h) | 8206804 |
|  | **Total Repurchase Agreements** | 25626286 |
|  | (Cost $25,626,286) |  |
|  | **Total Investments — 114.2%** | 208428698 |
|  | (Cost $214,875,412) |  |
|  | **Net Other Assets and** <br> **Liabilities — (14.2)%** | (25854490)<br>|
|  | **Net Assets — 100.0%** | $182574208 |

---

&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.

&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 (see Note 2E - Securities
 Lending in the Notes to Financial Statements). The remaining
 contractual maturity of all of the securities lending transactions
 is overnight and continuous. The aggregate value
 of such securities is $20,948,144 and the total value of the
 collateral held by the Fund, including for securities sold and
 pending settlement, is $25,626,286.

&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 September 30, 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: |
| BRL | – Brazilian Real |
| 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;

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| EUR | 29.1% |
| USD | 25.9 |
| DKK | 10.7 |
| HKD | 9.0 |
| CAD | 9.0 |
| ILS | 5.1 |
| JPY | 3.3 |
| TWD | 2.1 |
| CHF | 1.8 |
| SEK | 1.7 |
| KRW | 1.4 |
| BRL | 0.7 |
| TRY | 0.2 |
| Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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\* | $182189321 | $182189321 | $— | $— |
| Money Market <br> Funds<br>| 613091 | 613091 |  |  |
| Repurchase <br> Agreements<br>| 25626286 |  | 25626286 |  |
| Total Investments | $208428698 | $182802412 | $25626286 | $— |

---

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

\* See Portfolio of Investments for country breakout.

------

**Offsetting Assets and Liabilities**

------

Offsetting assets and liabilities requires entities to disclose both gross and net information about instruments and transactions eligible for offset, and to disclose instruments and transactions subject to master netting or similar agreements (see Note 2C - Offsetting on the Statements of Assets and Liabilities in the Notes to Financial Statements).

The Fund's loaned securities were all subject to an enforceable Securities Lending Agency Agreement. Securities lent in accordance with the Securities Lending Agency Agreement on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Securities Lending Agency Agreement** | **Securities Lending Agency Agreement** |
| Total gross amount presented on the Statements <br> of Assets and Liabilities<sup>(1)</sup> <br>| $20948144 |
| Non-cash Collateral<sup>(2)</sup> <br>| (20948144)<br>|
| Net Amount | $— |

---

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

<sup>(1)</sup> The amount presented on the Statements of Assets and Liabilities, which is included in "Investments, at value," is not offset and is shown on a gross basis. 

<sup>(2)</sup> At September 30, 2025, the value of the collateral received from each borrower exceeded the value of the related securities loaned. This amount is disclosed on the Portfolio of Investments. 

The Fund's investments in repurchase agreements were all subject to an enforceable Master Repurchase Agreement. Repurchase Agreements on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Repurchase Agreements** | **Repurchase Agreements** |
| Total gross amount presented on the Statements <br>of Assets and Liabilities<br>| $25626286 |
| Non-cash Collateral<sup>(3)</sup> <br>| (25626286)<br>|
| Net Amount | $— |

---

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

<sup>(3)</sup> At September 30, 2025, the value of the collateral received from each seller exceeded the value of the repurchase agreements.

See Notes to Financial Statements

------

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

**Portfolio of Investments**

**September 30, 2025**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** |
|  | **Aerospace & Defense — 0.8%**  |  |
| 523 | Carpenter Technology Corp. | $128417 |
|  | **Building Products — 7.2%**  |  |
| 955 | Allegion PLC | 169369 |
| 1071 | Builders FirstSource, Inc. (a) | 129859 |
| 348 | Carlisle Cos., Inc. | 114478 |
| 1884 | Carrier Global Corp. | 112475 |
| 1360 | Johnson Controls <br> International PLC | 149532 |
| 234 | Lennox International, Inc. | 123870 |
| 2143 | Masco Corp. | 150846 |
| 333 | Trane Technologies PLC | 140513 |
|  |  | 1090942 |
|  | **Construction & Engineering** <br> **— 6.9%**  |  |
| 1251 | AECOM | 163218 |
| 4181 | API Group Corp. (a) | 143701 |
| 271 | Comfort Systems USA, Inc. | 223624 |
| 264 | EMCOR Group, Inc. | 171478 |
| 857 | MasTec, Inc. (a) | 182378 |
| 381 | Quanta Services, Inc. | 157894 |
|  |  | 1042293 |
|  | **Construction Materials —** <br> **2.2%**  |  |
| 256 | Martin Marietta Materials, Inc. | 161352 |
| 534 | Vulcan Materials Co. | 164269 |
|  |  | 325621 |
|  | **Electric Utilities — 16.5%**  |  |
| 2311 | Alliant Energy Corp. | 155784 |
| 1364 | American Electric Power Co., <br> Inc. | 153450 |
| 461 | Constellation Energy Corp. | 151701 |
| 1224 | Duke Energy Corp. | 151470 |
| 2820 | Edison International | 155890 |
| 1762 | Entergy Corp. | 164201 |
| 2084 | Evergy, Inc. | 158426 |
| 2188 | Eversource Energy | 155654 |
| 3316 | Exelon Corp. | 149253 |
| 3569 | FirstEnergy Corp. | 163532 |
| 1938 | NextEra Energy, Inc. | 146300 |
| 956 | NRG Energy, Inc. | 154824 |
| 10684 | PG&E Corp. | 161115 |
| 4214 | PPL Corp. | 156592 |
| 1551 | Southern (The) Co. | 146988 |
| 2113 | Xcel Energy, Inc. | 170413 |
|  |  | 2495593 |
|  | **Electrical Equipment — 7.1%**  |  |
| 797 | AMETEK, Inc. | 149836 |
| 404 | Eaton Corp. PLC | 151197 |
| 1028 | Emerson Electric Co. | 134853 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Electrical Equipment** <br> **(Continued)**  |  |
| 268 | GE Vernova, Inc. | $164793 |
| 343 | Hubbell, Inc. | 147597 |
| 419 | Rockwell Automation, Inc. | 146453 |
| 1198 | Vertiv Holdings Co., Class A | 180730 |
|  |  | 1075459 |
|  | **Energy Equipment & Services** <br> **— 3.1%**  |  |
| 3643 | Baker Hughes Co. | 177487 |
| 6528 | Halliburton Co. | 160589 |
| 3947 | Schlumberger N.V. | 135658 |
|  |  | 473734 |
|  | **Gas Utilities — 1.1%**  |  |
| 937 | Atmos Energy Corp. | 159993 |
|  | **Ground Transportation —** <br> **3.1%**  |  |
| 4313 | CSX Corp. | 153155 |
| 550 | Norfolk Southern Corp. | 165225 |
| 610 | Union Pacific Corp. | 144186 |
|  |  | 462566 |
|  | **Independent Power and** <br> **Renewable Electricity** <br>**Producers — 2.5%**  |  |
| 541 | Talen Energy Corp. (a) | 230130 |
| 739 | Vistra Corp. | 144785 |
|  |  | 374915 |
|  | **Industrial Conglomerates —** <br> **1.8%**  |  |
| 920 | 3M Co. | 142766 |
| 611 | Honeywell International, Inc. | 128615 |
|  |  | 271381 |
|  | **IT Services — 8.0%**  |  |
| 795 | Cloudflare, Inc., Class A (a) | 170599 |
| 1046 | CoreWeave, Inc., Class A (a) | 143145 |
| 847 | GoDaddy, Inc., Class A (a) | 115895 |
| 691 | MongoDB, Inc. (a) | 214473 |
| 1532 | Okta, Inc. (a) | 140484 |
| 675 | Snowflake, Inc. (a) | 152246 |
| 1233 | Twilio, Inc., Class A (a) | 123411 |
| 507 | VeriSign, Inc. | 141742 |
|  |  | 1201995 |
|  | **Machinery — 15.6%**  |  |
| 354 | Caterpillar, Inc. | 168911 |
| 425 | Cummins, Inc. | 179507 |
| 759 | Dover Corp. | 126624 |
| 2726 | Fortive Corp. | 133547 |
| 1629 | Graco, Inc. | 138400 |
| 780 | IDEX Corp. | 126953 |
| 552 | Illinois Tool Works, Inc. | 143940 |
| 1631 | Ingersoll Rand, Inc. | 134753 |

---

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Machinery (Continued)**  |  |
| 918 | ITT, Inc. | $164102 |
| 1447 | Otis Worldwide Corp. | 132299 |
| 1458 | PACCAR, Inc. | 143351 |
| 203 | Parker-Hannifin Corp. | 153904 |
| 1343 | Pentair PLC | 148751 |
| 451 | Snap-on, Inc. | 156285 |
| 677 | Westinghouse Air Brake <br> Technologies Corp. | 135718 |
| 1099 | Xylem, Inc. | 162102 |
|  |  | 2349147 |
|  | **Metals & Mining — 3.5%**  |  |
| 3064 | Freeport-McMoRan, Inc. | 120170 |
| 1009 | Nucor Corp. | 136649 |
| 435 | Reliance, Inc. | 122161 |
| 1053 | Steel Dynamics, Inc. | 146820 |
|  |  | 525800 |
|  | **Multi-Utilities — 10.2%**  |  |
| 1502 | Ameren Corp. | 156779 |
| 3994 | CenterPoint Energy, Inc. | 154967 |
| 2051 | CMS Energy Corp. | 150256 |
| 1431 | Consolidated Edison, Inc. | 143844 |
| 2487 | Dominion Energy, Inc. | 152130 |
| 1082 | DTE Energy Co. | 153027 |
| 3653 | NiSource, Inc. | 158175 |
| 1761 | Public Service Enterprise Group, <br> Inc. | 146973 |
| 1931 | Sempra | 173751 |
| 1369 | WEC Energy Group, Inc. | 156874 |
|  |  | 1546776 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 4.8%**  |  |
| 618 | Cheniere Energy, Inc. | 145218 |
| 5206 | Kinder Morgan, Inc. | 147382 |
| 1788 | ONEOK, Inc. | 130470 |
| 847 | Targa Resources Corp. | 141906 |
| 2504 | Williams (The) Cos., Inc. | 158629 |
|  |  | 723605 |
|  | **Specialized REITs — 4.5%**  |  |
| 655 | American Tower Corp. | 125970 |
| 1391 | Crown Castle, Inc. | 134218 |
| 849 | Digital Realty Trust, Inc. | 146775 |
| 191 | Equinix, Inc. | 149599 |
| 621 | SBA Communications Corp. | 120070 |
|  |  | 676632 |
|  | **Water Utilities — 0.9%**  |  |
| 1014 | American Water Works Co., Inc. | 141139 |
|  | **Total Common Stocks** | 15066008 |
|  | (Cost $11,378,818) |  |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **WARRANTS (b) — 0.0%** | **WARRANTS (b) — 0.0%** | **WARRANTS (b) — 0.0%** |
|  | **Construction & Engineering** <br> **— 0.0%** |  |
| 298 | Webuild S.p.A., expiring 8/2/30 <br> (EUR) (a) (c) (d) (e) | $4 |
|  | (Cost $0) |  |
| **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** |
| 36870 | Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (f) | 36870 |
|  | (Cost $36,870) |  |

---

&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%** |
| $9 | Bank of America Corp., <br> 4.20% (f), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $9. Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $9. (g) | 9 |
| 12 | JPMorgan Chase & Co., <br> 4.20% (f), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $12. Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $12. (g) | 12 |

---

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** |
| $8 | Mizuho Financial Group, Inc., <br> 4.20% (f), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $8. Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $8. (g) | $8 |
| 14 | RBC Dominion Securities, Inc., <br> 4.19% (f), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $14. Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $14. (g) | 14 |
|  | **Total Repurchase Agreements** | 43 |
|  | (Cost $43) |  |
|  | **Total Investments — 100.0%** | 15102925 |
|  | (Cost $11,415,731) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.0%** | 1070 |
|  | **Net Assets — 100.0%** | $15103995 |

---

&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 September 30, 2025, securities noted
 as such are valued at $4 or 0.0% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This
 security's value was determined using significant unobservable
 inputs (see Note 2A - Portfolio Valuation in the Notes
 to Financial Statements).

&nbsp;&nbsp;&nbsp;&nbsp;(f) Rate
 shown reflects yield as of September 30, 2025.

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

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

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 September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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\* | $15066008 | $15066008 | $— | $— |
| Warrants\* | 4 |  |  | 4 |
| Money Market Funds | 36870 | 36870 |  |  |
| Repurchase Agreements | 43 |  | 43 |  |
| Total Investments | $15102925 | $15102878 | $43 | $4 |

---

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

\* See Portfolio of Investments for industry breakout.

The Fund's investments in repurchase agreements were all subject to an enforceable Master Repurchase Agreement. Repurchase Agreements on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Repurchase Agreements** | **Repurchase Agreements** |
| Total gross amount presented on the Statements <br>of Assets and Liabilities<br>| $43 |
| Non-cash Collateral<sup>(1)</sup> <br>| (43)<br>|
| Net Amount | $— |

---

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

<sup>(1)</sup> At September 30, 2025, the value of the collateral received from each seller exceeded the value of the repurchase agreements.

See Notes to Financial Statements

------

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

**Portfolio of Investments**

**September 30, 2025**

&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 — 0.0%** |  |
| 24701 | Verbund AG (EUR) | $1795118 |
|  | **Belgium — 1.0%** |  |
| 345192 | Cenergy Holdings S.A. (EUR) | 4944341 |
| 281199 | Elia Group S.A./N.V. (EUR) | 32403501 |
|  |  | 37347842 |
|  | **Brazil — 3.0%** |  |
| 1847398 | Alupar Investimento S.A. (BRL) | 11104000 |
| 11277 | Centrais Eletricas Brasileiras <br> S.A., ADR | 111868 |
| 5176532 | Cia Paranaense de Energia - <br> Copel, Class B (Preference <br> Shares) (BRL) | 12527358 |
| 1948038 | Energisa S.A. (BRL) | 18615663 |
| 7003256 | Equatorial Energia S.A. (BRL) | 48620473 |
| 1617928 | Isa Energia Brasil S.A. <br> (Preference Shares) (BRL) | 7499513 |
| 1930757 | Transmissora Alianca de Energia <br> Eletrica S.A. (BRL) | 13299178 |
| 434987 | WEG S.A. (BRL) | 2990497 |
|  |  | 114768550 |
|  | **Canada — 1.9%** |  |
| 104377 | Fortis, Inc. (CAD) | 5294225 |
| 51148 | Hammond Power Solutions, Inc. <br> (CAD) (c) | 4537423 |
| 1781581 | Hydro One Ltd. (CAD) (d) (e) | 63559314 |
| 8465 | Stella-Jones, Inc. (CAD) | 483010 |
|  |  | 73873972 |
|  | **Cayman Islands — 0.1%** |  |
| 2564508 | Wasion Holdings Ltd. (HKD) | 4178639 |
|  | **China — 0.3%** |  |
| 763508 | BYD Co., Ltd., Class H (HKD) | 10812018 |
| 26316 | Contemporary Amperex <br> Technology Co., Ltd., Class H <br> (HKD) (c) | 1932625 |
|  |  | 12744643 |
|  | **Denmark — 0.7%** |  |
| 286016 | NKT A/S (DKK) (f) | 27755660 |
|  | **France — 11.0%** |  |
| 358387 | Engie S.A. (EUR) | 7681074 |
| 54793 | Legrand S.A. (EUR) | 9044785 |
| 198589 | Nexans S.A. (EUR) | 29377416 |
| 1197791 | Schneider Electric SE (EUR) | 334129899 |
| 876039 | SPIE S.A. (EUR) | 47106060 |
|  |  | 427339234 |
|  | **Germany — 6.9%** |  |
| 8251794 | E.ON SE (EUR) | 155154072 |
| 251732 | Infineon Technologies AG <br> (EUR) | 9812155 |
| 224070 | SAP SE (EUR) | 59953687 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Germany (Continued)** |  |
| 144267 | Siemens AG (EUR) | $38821246 |
| 106957 | SMA Solar Technology AG <br> (EUR) (f) | 2702336 |
|  |  | 266443496 |
|  | **Ireland — 17.8%** |  |
| 843492 | Eaton Corp. PLC | 315676881 |
| 2755110 | Johnson Controls <br> International PLC | 302924344 |
| 739659 | nVent Electric PLC | 72959964 |
|  |  | 691561189 |
|  | **Italy — 6.5%** |  |
| 1601505 | Enel S.p.A. (EUR) | 15166116 |
| 1660940 | Prysmian S.p.A. (EUR) | 164153718 |
| 7322275 | Terna-Rete Elettrica Nazionale <br> (EUR) | 74258657 |
|  |  | 253578491 |
|  | **Japan — 1.9%** |  |
| 123600 | Daihen Corp. (JPY) | 6878507 |
| 20135 | GS Yuasa Corp. (JPY) | 476536 |
| 948920 | Hitachi Ltd. (JPY) | 25217268 |
| 240499 | Meidensha Corp. (JPY) | 9578653 |
| 437100 | Mitsubishi Electric Corp. (JPY) | 11240432 |
| 54225 | NGK Insulators Ltd. (JPY) | 909158 |
| 246600 | Osaki Electric Co., Ltd. (JPY) | 2137750 |
| 508970 | Panasonic Holdings Corp. (JPY) | 5541074 |
| 368100 | Renesas Electronics Corp. (JPY) | 4246398 |
| 154700 | Sumitomo Electric Industries <br> Ltd. (JPY) | 4412379 |
| 59000 | Takaoka Toko Co., Ltd. (JPY) | 1254725 |
|  |  | 71892880 |
|  | **Jersey — 2.2%** |  |
| 1012964 | Aptiv PLC (f) | 87337756 |
|  | **Netherlands — 0.3%** |  |
| 121894 | Alfen N.V. (EUR) (c) (d) (e) (f) | 1381012 |
| 41282 | NXP Semiconductors N.V. | 9401150 |
| 21346 | STMicroelectronics N.V. | 603238 |
|  |  | 11385400 |
|  | **Portugal — 0.2%** |  |
| 511666 | EDP S.A. (EUR) | 2425120 |
| 1794852 | REN - Redes Energeticas <br> Nacionais SGPS S.A. (EUR) | 6448191 |
|  |  | 8873311 |
|  | **South Korea — 2.0%** |  |
| 111109 | HD Hyundai Electric Co., Ltd. <br> (KRW) | 46089190 |
| 875 | Hyosung Heavy Industries Corp. <br> (KRW) | 835679 |
| 112255 | Iljin Electric Co., Ltd. (KRW) | 2824277 |
| 53206 | LS Eco Energy Ltd. (KRW) | 1425855 |
| 62218 | LS Electric Co., Ltd. (KRW) | 12616101 |

---

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **South Korea (Continued)** |  |
| 12361 | Samsung SDI Co., Ltd. (KRW) | $1806069 |
| 64846 | Sanil Electric Co., Ltd. (KRW) | 5088589 |
| 543372 | Taihan Cable & Solution Co., <br> Ltd. (KRW) (f) | 6010572 |
|  |  | 76696332 |
|  | **Spain — 1.7%** |  |
| 1190937 | Iberdrola S.A. (EUR) | 22518392 |
| 2274378 | Redeia Corp. S.A. (EUR) | 43898766 |
|  |  | 66417158 |
|  | **Switzerland — 9.9%** |  |
| 4383668 | ABB Ltd. (CHF) | 315648326 |
| 51698 | Belimo Holding AG (CHF) | 54000235 |
| 4052 | BKW AG (CHF) | 864813 |
| 127996 | Landis+Gyr Group AG (CHF) | 10322647 |
| 141921 | R&S Group Holding AG (CHF) | 4956226 |
|  |  | 385792247 |
|  | **Taiwan — 1.6%** |  |
| 114657 | Advantech Co., Ltd. (TWD) | 1200065 |
| 1530637 | Allis Electric Co., Ltd. (TWD) | 5147657 |
| 88642 | Chung-Hsin Electric & <br> Machinery Manufacturing <br> Corp. (TWD) | 452255 |
| 1345484 | Fortune Electric Co., Ltd. <br> (TWD) | 25648868 |
| 1810272 | Shihlin Electric & Engineering <br> Corp. (TWD) | 10810076 |
| 4401019 | Ta Ya Electric Wire & Cable <br> (TWD) | 5804875 |
| 442415 | Voltronic Power Technology <br> Corp. (TWD) | 13456221 |
|  |  | 62520017 |
|  | **United Kingdom — 7.9%** |  |
| 20938949 | National Grid PLC (GBP) | 300616342 |
| 209718 | SSE PLC (GBP) (c) | 4911894 |
|  |  | 305528236 |
|  | **United States — 22.9%** |  |
| 5160 | Advanced Energy Industries, <br> Inc. | 877922 |
| 122489 | AES (The) Corp. | 1611955 |
| 222739 | American Superconductor <br> Corp. (f) | 13228469 |
| 86673 | Analog Devices, Inc. | 21295556 |
| 7726 | Arcosa, Inc. | 724004 |
| 147125 | Atkore, Inc. | 9230623 |
| 3488 | AZZ, Inc. | 380645 |
| 5508 | Belden, Inc. | 662447 |
| 697665 | Cisco Systems, Inc. | 47734239 |
| 5545 | Digi International, Inc. (f) | 202171 |
| 104978 | Emerson Electric Co. | 13771014 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United States (Continued)** |  |
| 5894 | EnerSys | $665786 |
| 542271 | Enphase Energy, Inc. (f) | 19190971 |
| 4018 | ESCO Technologies, Inc. | 848240 |
| 301028 | Fluence Energy, Inc. (c) (f) | 3251102 |
| 46836 | GE Vernova, Inc. | 28799456 |
| 10707 | Generac Holdings, Inc. (f) | 1792352 |
| 118443 | Honeywell International, Inc. | 24932252 |
| 244211 | Hubbell, Inc. | 105086435 |
| 162177 | International Business Machines <br> Corp. | 45759862 |
| 189600 | Itron, Inc. (f) | 23616576 |
| 4159 | Littelfuse, Inc. | 1077223 |
| 10462 | MasTec, Inc. (f) | 2226418 |
| 68725 | MYR Group, Inc. (f) | 14296862 |
| 422684 | NVIDIA Corp. | 78864381 |
| 308558 | Oracle Corp. | 86778852 |
| 10216 | Preformed Line Products Co. | 2003868 |
| 185629 | QUALCOMM, Inc. | 30881241 |
| 389584 | Quanta Services, Inc. | 161451401 |
| 282849 | SolarEdge Technologies, <br> Inc. (c) (f) | 10465413 |
| 220509 | Tesla, Inc. (f) | 98064763 |
| 158290 | Texas Instruments, Inc. | 29082622 |
| 40438 | Trimble, Inc. (f) | 3301763 |
| 3364 | Valmont Industries, Inc. | 1304324 |
| 8368 | WESCO International, Inc. | 1769832 |
| 72325 | Willdan Group, Inc. (f) | 6993104 |
|  |  | 892224144 |
|  | **Total Common Stocks** | 3880054315 |
|  | (Cost $3,115,032,585) |  |
| **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** |
| 8470932 | Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (g) | 8470932 |
|  | (Cost $8,470,932) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 0.4%** | **REPURCHASE AGREEMENTS — 0.4%** | **REPURCHASE AGREEMENTS — 0.4%** |
| $2962993 | Bank of America Corp., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $2,963,339. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $3,022,253. (h) | 2962993 |

---

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** |
| $4336403 | JPMorgan Chase & Co., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $4,336,909. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $4,423,131. (h) | $4336403 |
| 2599841 | Mizuho Financial Group, Inc., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $2,600,144. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $2,651,838. (h) | 2599841 |
| 4663805 | RBC Dominion Securities, Inc., <br> 4.19% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $4,664,348. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $4,757,081. (h) | 4663805 |
|  | **Total Repurchase Agreements** | 14563042 |
|  | (Cost $14,563,042) |  |
|  | **Total Investments — 100.4%** | 3903088289 |
|  | (Cost $3,138,066,559) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.4)%** | (13861935)<br>|
|  | **Net Assets — 100.0%** | $3889226354 |

---

&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.

&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 (see Note 2E - Securities
 Lending in the Notes to Financial Statements). The remaining
 contractual maturity of all of the securities lending transactions
 is overnight and continuous. The aggregate value
 of such securities is $13,825,528 and the total value of the
 collateral held by the Fund, including for securities sold and
 pending settlement, is $14,563,042.

&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) Non-income
 producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Rate
 shown reflects yield as of September 30, 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 |
| TWD | – New Taiwan Dollar |
| USD | – United States Dollar |

---

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

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| USD | 43.7% |
| EUR | 27.2 |
| CHF | 9.9 |
| GBP | 7.8 |
| BRL | 2.9 |
| KRW | 2.0 |
| CAD | 1.9 |
| JPY | 1.9 |
| TWD | 1.6 |
| DKK | 0.7 |
| HKD | 0.4 |
| Total | 100.0% |

---

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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 <br> Stocks\*<br>| $3880054315 | $3880054315 | $— | $— |
| Money Market <br> Funds<br>| 8470932 | 8470932 |  |  |
| Repurchase <br> Agreements<br>| 14563042 |  | 14563042 |  |
| Total <br> Investments<br>| $3903088289 | $3888525247 | $14563042 | $— |

---

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

\* See Portfolio of Investments for country breakout.

------

**Offsetting Assets and Liabilities**

------

Offsetting assets and liabilities requires entities to disclose both gross and net information about instruments and transactions eligible for offset, and to disclose instruments and transactions subject to master netting or similar agreements (see Note 2C - Offsetting on the Statements of Assets and Liabilities in the Notes to Financial Statements).

The Fund's loaned securities were all subject to an enforceable Securities Lending Agency Agreement. Securities lent in accordance with the Securities Lending Agency Agreement on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Securities Lending Agency Agreement** | **Securities Lending Agency Agreement** |
| Total gross amount presented on the Statements <br> of Assets and Liabilities<sup>(1)</sup> <br>| $13825528 |
| Non-cash Collateral<sup>(2)</sup> <br>| (13825528)<br>|
| Net Amount | $— |

---

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

<sup>(1)</sup> The amount presented on the Statements of Assets and Liabilities, which is included in "Investments, at value," is not offset and is shown on a gross basis. 

<sup>(2)</sup> At September 30, 2025, the value of the collateral received from each borrower exceeded the value of the related securities loaned. This amount is disclosed on the Portfolio of Investments. 

The Fund's investments in repurchase agreements were all subject to an enforceable Master Repurchase Agreement. Repurchase Agreements on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Repurchase Agreements** | **Repurchase Agreements** |
| Total gross amount presented on the Statements <br>of Assets and Liabilities<br>| $14563042 |
| Non-cash Collateral<sup>(3)</sup> <br>| (14563042)<br>|
| Net Amount | $— |

---

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

<sup>(3)</sup> At September 30, 2025, the value of the collateral received from each seller exceeded the value of the repurchase agreements.

See Notes to Financial Statements

------

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

**Portfolio of Investments**

**September 30, 2025**

&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%** |
|  | **Australia — 4.4%** |  |
| 49060 | GrainCorp Ltd., Class A (AUD) | $292167 |
| 404512 | Origin Energy Ltd. (AUD) | 3345817 |
| 318140 | Perseus Mining Ltd. (AUD) | 1031514 |
|  |  | 4669498 |
|  | **Bermuda — 0.8%** |  |
| 905664 | Kunlun Energy Co., Ltd. (HKD) | 810005 |
|  | **Brazil — 0.1%** |  |
| 27055 | Tres Tentos Agroindustrial S.A. <br> (BRL) | 71066 |
|  | **Canada — 21.8%** |  |
| 67911 | Agnico Eagle Mines Ltd. | 11447079 |
| 38050 | DPM Metals, Inc. (CAD) | 843459 |
| 23318 | Lundin Gold, Inc. (CAD) | 1510803 |
| 110048 | Nutrien Ltd. | 6460918 |
| 46104 | Peyto Exploration & <br> Development Corp. (CAD) (c) | 600608 |
| 290218 | Whitecap Resources, Inc. (CAD) | 2214640 |
|  |  | 23077507 |
|  | **China — 8.9%** |  |
| 877396 | Aluminum Corp. of China Ltd., <br> Class H (HKD) | 909873 |
| 426824 | China Coal Energy Co., Ltd., <br> Class H (HKD) | 509537 |
| 862415 | CMOC Group Ltd., Class H <br> (HKD) | 1738805 |
| 211136 | Shandong Gold Mining Co., <br> Ltd., Class H <br> (HKD) (c) (d) (e) | 1002238 |
| 1266721 | Zijin Mining Group Co., Ltd., <br> Class H (HKD) | 5306524 |
|  |  | 9466977 |
|  | **Colombia — 0.5%** |  |
| 1124513 | Ecopetrol S.A. (COP) | 513429 |
|  | **India — 2.2%** |  |
| 540221 | Coal India Ltd. (INR) | 2372589 |
|  | **Indonesia — 0.6%** |  |
| 2630553 | Alamtri Resources Indonesia <br> Tbk PT (IDR) | 266765 |
| 1996959 | Aneka Tambang Tbk (IDR) | 378661 |
|  |  | 645426 |
|  | **Israel — 0.5%** |  |
| 2156 | Delek Group Ltd. (ILS) | 521197 |
|  | **Japan — 0.4%** |  |
| 42100 | Rengo Co., Ltd. (JPY) | 266148 |
| 6600 | Sakata Seed Corp. (JPY) | 162674 |
|  |  | 428822 |
|  | **Luxembourg — 0.3%** |  |
| 10134 | APERAM S.A. (EUR) | 328619 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **New Zealand — 0.6%** |  |
| 161934 | Mercury NZ Ltd. (NZD) | $627127 |
|  | **Norway — 1.7%** |  |
| 72121 | Aker BP ASA (NOK) | 1829123 |
|  | **Romania — 0.8%** |  |
| 4168303 | OMV Petrom S.A. (RON) | 838203 |
|  | **Sweden — 1.7%** |  |
| 136776 | Svenska Cellulosa AB S.C.A., <br> Class B (SEK) | 1806604 |
|  | **Switzerland — 3.0%** |  |
| 39390 | Bunge Global S.A. | 3200438 |
|  | **Thailand — 3.0%** |  |
| 3107600 | PTT PCL (THB) | 3188634 |
|  | **United Kingdom — 4.7%** |  |
| 30310 | Energean PLC (GBP) (c) | 337932 |
| 61918 | Severn Trent PLC (GBP) | 2155118 |
| 158565 | United Utilities Group PLC <br> (GBP) | 2444957 |
|  |  | 4938007 |
|  | **United States — 43.7%** |  |
| 21121 | Alliance Resource Partners, <br> L.P. (f) | 534045 |
| 34060 | American Water Works Co., Inc. | 4740811 |
| 7673 | Andersons (The), Inc. | 305462 |
| 14065 | California Water Service Group | 645443 |
| 38230 | CF Industries Holdings, Inc. | 3429231 |
| 144584 | Corteva, Inc. | 9778216 |
| 66539 | Essential Utilities, Inc. | 2654906 |
| 29461 | FMC Corp. | 990774 |
| 231244 | Freeport-McMoRan, Inc. | 9069390 |
| 7683 | H2O America | 374162 |
| 101514 | International Paper Co. | 4710250 |
| 4095 | Middlesex Water Co. | 221621 |
| 75169 | Mosaic (The) Co. | 2606861 |
| 22255 | Select Water Solutions, Inc. | 237906 |
| 7947 | Sylvamo Corp. | 351416 |
| 14068 | UFP Industries, Inc. | 1315217 |
| 170857 | Weyerhaeuser Co. | 4235545 |
|  |  | 46201256 |
|  | **Total Common Stocks** | 105534527 |
|  | (Cost $97,083,453) |  |
| **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** |
| 30000 | Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (g) | 30000 |
|  | (Cost $30,000) |  |

---

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

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 0.9%** | **REPURCHASE AGREEMENTS — 0.9%** | **REPURCHASE AGREEMENTS — 0.9%** |
| $182920 | Bank of America Corp., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $182,941. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $186,578. (h) | $182920 |
| 267706 | JPMorgan Chase & Co., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $267,737. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $273,060. (h) | 267706 |
| 160504 | Mizuho Financial Group, Inc., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $160,523. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $163,714. (h) | 160504 |
| 287919 | RBC Dominion Securities, Inc., <br> 4.19% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $287,953. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $293,677. (h) | 287919 |
|  | **Total Repurchase Agreements** | 899049 |
|  | (Cost $899,049) |  |
|  | **Total Investments — 100.6%** | 106463576 |
|  | (Cost $98,012,502) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.6)%** | (670853)<br>|
|  | **Net Assets — 100.0%** | $105792723 |

---

&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.

&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 (see Note 2E - Securities
 Lending in the Notes to Financial Statements). The remaining
 contractual maturity of all of the securities lending transactions
 is overnight and continuous. The aggregate value
 of such securities is $842,515 and the total value of the collateral
 held by the Fund, including for securities sold and pending
 settlement, is $899,049.

&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 September 30, 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;

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| USD | 64.0% |
| HKD | 9.7 |
| CAD | 4.9 |
| GBP | 4.6 |
| AUD | 4.4 |
| THB | 3.0 |
| INR | 2.2 |
| NOK | 1.7 |
| SEK | 1.7 |
| RON | 0.8 |
| IDR | 0.6 |
| NZD | 0.6 |
| ILS | 0.5 |
| COP | 0.5 |
| JPY | 0.4 |
| EUR | 0.3 |
| BRL | 0.1 |
| Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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: |  |  |  |  |
| Thailand | $3188634 | $— | $3188634 | $— |
| Other Country <br> Categories\*<br>| 102345893 | 102345893 |  |  |
| Money Market Funds | 30000 | 30000 |  |  |
| Repurchase <br> Agreements<br>| 899049 |  | 899049 |  |
| Total Investments | $106463576 | $102375893 | $4087683 | $— |

---

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

\* See Portfolio of Investments for country breakout.

------

**Offsetting Assets and Liabilities**

------

Offsetting assets and liabilities requires entities to disclose both gross and net information about instruments and transactions eligible for offset, and to disclose instruments and transactions subject to master netting or similar agreements (see Note 2C - Offsetting on the Statements of Assets and Liabilities in the Notes to Financial Statements).

The Fund's loaned securities were all subject to an enforceable Securities Lending Agency Agreement. Securities lent in accordance with the Securities Lending Agency Agreement on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Securities Lending Agency Agreement** | **Securities Lending Agency Agreement** |
| Total gross amount presented on the Statements <br> of Assets and Liabilities<sup>(1)</sup> <br>| $842515 |
| Non-cash Collateral<sup>(2)</sup> <br>| (842515)<br>|
| Net Amount | $— |

---

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

<sup>(1)</sup> The amount presented on the Statements of Assets and Liabilities, which is included in "Investments, at value," is not offset and is shown on a gross basis. 

<sup>(2)</sup> At September 30, 2025, the value of the collateral received from each borrower exceeded the value of the related securities loaned. This amount is disclosed on the Portfolio of Investments. 

The Fund's investments in repurchase agreements were all subject to an enforceable Master Repurchase Agreement. Repurchase Agreements on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Repurchase Agreements** | **Repurchase Agreements** |
| Total gross amount presented on the Statements <br>of Assets and Liabilities<br>| $899049 |
| Non-cash Collateral<sup>(3)</sup> <br>| (899049)<br>|
| Net Amount | $— |

---

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

<sup>(3)</sup> At September 30, 2025, the value of the collateral received from each seller exceeded the value of the repurchase agreements.

See Notes to Financial Statements

------

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

**Portfolio of Investments**

**September 30, 2025**

&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 — 0.8%** |  |
| 24830 | Dyno Nobel Ltd. (AUD) | $50933 |
|  | **Brazil — 0.3%** |  |
| 6819 | Tres Tentos Agroindustrial S.A. <br> (BRL) | 17912 |
|  | **Canada — 4.7%** |  |
| 4962 | Nutrien Ltd. (CAD) | 291402 |
|  | **Chile — 1.4%** |  |
| 1959 | Sociedad Quimica y Minera de <br> Chile S.A., ADR (c) | 84198 |
|  | **China — 0.1%** |  |
| 5948 | First Tractor Co., Ltd., Class H <br> (HKD) | 5396 |
|  | **Germany — 16.2%** |  |
| 11476 | BASF SE (EUR) | 571139 |
| 8688 | Bayer AG (EUR) | 287951 |
| 6381 | Evonik Industries AG (EUR) | 110652 |
| 2452 | K+S AG (EUR) | 33221 |
|  |  | 1002963 |
|  | **India — 16.6%** |  |
| 5494 | Chambal Fertilisers and <br> Chemicals Ltd. (INR) | 31604 |
| 4044 | Coromandel International Ltd. <br> (INR) | 102406 |
| 1534 | Escorts Kubota Ltd. (INR) | 59547 |
| 15354 | Mahindra & Mahindra Ltd. <br> (INR) | 592622 |
| 2081 | PI Industries Ltd. (INR) | 82348 |
| 6845 | Sumitomo Chemical India Ltd. <br> (INR) | 41110 |
| 3494 | Tata Chemicals Ltd. (INR) | 36198 |
| 11580 | UPL Ltd. (INR) | 85530 |
|  |  | 1031365 |
|  | **Israel — 1.7%** |  |
| 17159 | ICL Group Ltd. (ILS) | 107237 |
|  | **Japan — 6.9%** |  |
| 15800 | Kubota Corp. (JPY) | 199043 |
| 2800 | Mitsui Chemicals, Inc. (JPY) | 70092 |
| 800 | Nippon Soda Co., Ltd. (JPY) | 18663 |
| 1900 | Nissan Chemical Corp. (JPY) | 68993 |
| 22700 | Sumitomo Chemical Co., Ltd. <br> (JPY) | 71545 |
|  |  | 428336 |
|  | **Malaysia — 1.8%** |  |
| 109801 | Petronas Chemicals Group Bhd <br> (MYR) | 110362 |
|  | **Mexico — 0.4%** |  |
| 26919 | Orbia Advance Corp. S.A.B. de <br> C.V. (MXN) | 26032 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Netherlands — 3.2%** |  |
| 17157 | CNH Industrial N.V. | $186153 |
| 2894 | OCI N.V. (EUR) | 13387 |
|  |  | 199540 |
|  | **Qatar — 4.6%** |  |
| 82396 | Industries Qatar QSC (QAR) | 282876 |
|  | **Russia — 0.0%** |  |
| 1918 | PhosAgro PJSC <br> (RUB) (c) (d) (e) (f) | 0 |
|  | **Singapore — 3.1%** |  |
| 87700 | Wilmar International Ltd. (SGD) | 193763 |
|  | **Switzerland — 4.7%** |  |
| 141 | Bucher Industries AG (CHF) | 66776 |
| 2744 | Bunge Global S.A. | 222950 |
|  |  | 289726 |
|  | **Taiwan — 0.3%** |  |
| 13410 | Taiwan Fertilizer Co., Ltd. <br> (TWD) | 21647 |
|  | **Turkey — 0.8%** |  |
| 4581 | Gubre Fabrikalari T.A.S. <br> (TRY) (c) | 31429 |
| 1374 | Turk Traktor ve Ziraat <br> Makineleri A/S (TRY) | 18850 |
|  |  | 50279 |
|  | **United States — 32.2%** |  |
| 1024 | AGCO Corp. | 109640 |
| 166 | Alamo Group, Inc. | 31689 |
| 2222 | CF Industries Holdings, Inc. | 199313 |
| 8734 | Corteva, Inc. | 590681 |
| 1333 | Deere & Co. | 609528 |
| 1713 | FMC Corp. | 57608 |
| 149 | Lindsay Corp. | 20944 |
| 4353 | Mosaic (The) Co. | 150962 |
| 792 | Scotts Miracle-Gro (The) Co. | 45104 |
| 612 | SiteOne Landscape Supply, <br> Inc. (c) | 78826 |
| 1342 | Toro (The) Co. | 102260 |
|  |  | 1996555 |
|  | **Total Common Stocks** | 6190522 |
|  | (Cost $7,288,320) |  |

---

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.0%** | **MONEY MARKET FUNDS — 1.0%** | **MONEY MARKET FUNDS — 1.0%** |
| 59898 | Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (g) | $59898 |
|  | (Cost $59,898) |  |
|  | **Total Investments — 100.8%** | 6250420 |
|  | (Cost $7,348,218) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.8)%** | (48516)<br>|
|  | **Net Assets — 100.0%** | $6201904 |

---

&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.

&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 September 30, 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 Note 2A - Portfolio Valuation in the Notes
 to Financial Statements).

&nbsp;&nbsp;&nbsp;&nbsp;(g) Rate
 shown reflects yield as of September 30, 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;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| USD | 40.8% |
| INR | 16.5 |
| EUR | 16.3 |
| JPY | 6.8 |
| CAD | 4.7 |
| QAR | 4.5 |
| SGD | 3.1 |
| MYR | 1.8 |
| ILS | 1.7 |
| CHF | 1.1 |
| AUD | 0.8 |
| TRY | 0.8 |
| MXN | 0.4 |
| TWD | 0.3 |
| BRL | 0.3 |
| HKD | 0.1 |
| RUB | 0.0<sup>‡</sup> <br>|
| Total | 100.0% |

---

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

---

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

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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: |  |  |  |  |
| Russia | $—\*\* | $— | $— | $—\*\* |
| Other Country <br> Categories\*<br>| 6190522 | 6190522 |  |  |
| Money Market Funds | 59898 | 59898 |  |  |
| Total Investments | $6250420 | $6250420 | $— | $—\*\* |

---

&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.

See Notes to Financial Statements

------

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

**Portfolio of Investments**

**September 30, 2025**

&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 — 0.5%** |  |
| 660609 | Telstra Group Ltd. (AUD) | $2106941 |
|  | **Brazil — 0.6%** |  |
| 195950 | Telefonica Brasil S.A., ADR | 2498363 |
|  | **Canada — 1.7%** |  |
| 93023 | BCE, Inc. (CAD) | 2173678 |
| 77179 | Rogers Communications, Inc., <br> Class B (CAD) | 2656928 |
| 129885 | TELUS Corp. (CAD) | 2045756 |
|  |  | 6876362 |
|  | **Cayman Islands — 1.2%** |  |
| 681858 | Xiaomi Corp., Class B <br> (HKD) (c) (d) (e) | 4731505 |
|  | **China — 2.8%** |  |
| 3126473 | China Tower Corp., Ltd., <br> Class H (HKD) (c) (e) | 4612200 |
| 1524300 | ZTE Corp., Class H (HKD) (f) | 6953611 |
|  |  | 11565811 |
|  | **Finland — 2.2%** |  |
| 89173 | Elisa Oyj (EUR) | 4675628 |
| 890124 | Nokia Oyj, ADR | 4281496 |
|  |  | 8957124 |
|  | **France — 0.6%** |  |
| 144663 | Orange S.A. (EUR) | 2345519 |
|  | **Germany — 1.5%** |  |
| 56355 | Deutsche Telekom AG (EUR) | 1919411 |
| 112339 | Infineon Technologies AG <br> (EUR) | 4378814 |
|  |  | 6298225 |
|  | **Guernsey — 1.0%** |  |
| 50266 | Amdocs Ltd. | 4124325 |
|  | **Hong Kong — 1.4%** |  |
| 3944716 | Lenovo Group Ltd. (HKD) | 5854763 |
|  | **India — 5.3%** |  |
| 96070 | Bharti Airtel Ltd. (INR) | 2032441 |
| 233454 | HCL Technologies Ltd. (INR) | 3641871 |
| 252545 | Infosys Ltd., ADR (f) | 4108907 |
| 115754 | Tata Consultancy Services Ltd. <br> (INR) | 3765610 |
| 245346 | Tech Mahindra Ltd. (INR) | 3869387 |
| 1566618 | Wipro Ltd., ADR (f) | 4120205 |
|  |  | 21538421 |
|  | **Indonesia — 0.6%** |  |
| 12126370 | Telkom Indonesia Persero Tbk <br> PT (IDR) | 2226624 |
|  | **Italy — 3.4%** |  |
| 398933 | Infrastrutture Wireless Italiane <br> S.p.A. (EUR) (c) (e) | 4688370 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Italy (Continued)** |  |
| 70135 | Prysmian S.p.A. (EUR) | $6931570 |
| 4684872 | Telecom Italia S.p.A. (EUR) (d) | 2449279 |
|  |  | 14069219 |
|  | **Japan — 10.3%** |  |
| 195620 | Fujitsu Ltd. (JPY) | 4608582 |
| 124696 | KDDI Corp. (JPY) | 1990363 |
| 396084 | Kyocera Corp. (JPY) | 5328526 |
| 232865 | Mitsubishi Electric Corp. (JPY) | 5988340 |
| 175295 | NEC Corp. (JPY) | 5617358 |
| 4351550 | NTT, Inc. (JPY) | 4552083 |
| 343859 | Renesas Electronics Corp. (JPY) | 3966754 |
| 3102080 | SoftBank Corp. (JPY) | 4566540 |
| 181680 | Sony Financial Group, Inc. <br> (JPY) (d) | 201478 |
| 181680 | Sony Group Corp. (JPY) | 5232276 |
|  |  | 42052300 |
|  | **Malaysia — 0.5%** |  |
| 2354055 | CelcomDigi Bhd (MYR) | 2069622 |
|  | **Mexico — 0.6%** |  |
| 2451067 | America Movil S.A.B. de C.V., <br> Series B (MXN) | 2565700 |
|  | **Netherlands — 2.8%** |  |
| 442612 | Koninklijke KPN N.V. (EUR) | 2123810 |
| 21617 | NXP Semiconductors N.V. | 4922840 |
| 154572 | STMicroelectronics N.V. (EUR) | 4327290 |
|  |  | 11373940 |
|  | **Norway — 0.6%** |  |
| 137487 | Telenor ASA (NOK) | 2278695 |
|  | **Philippines — 0.4%** |  |
| 64870 | Globe Telecom, Inc. (PHP) | 1671907 |
|  | **Qatar — 0.6%** |  |
| 616325 | Ooredoo QPSC (QAR) | 2313969 |
|  | **Russia — 0.0%** |  |
| 755018 | Mobile TeleSystems PJSC, <br> ADR (d) (g) (h) (i) | 0 |
|  | **Singapore — 0.5%** |  |
| 681152 | Singapore Telecommunications <br> Ltd. (SGD) | 2180827 |
|  | **South Africa — 1.1%** |  |
| 281200 | MTN Group Ltd. (ZAR) | 2360973 |
| 273639 | Vodacom Group Ltd. (ZAR) | 2111948 |
|  |  | 4472921 |
|  | **South Korea — 5.1%** |  |
| 111266 | KT Corp., ADR | 2169687 |
| 86582 | LG Electronics, Inc. (KRW) | 4665264 |
| 107830 | Samsung Electronics Co., Ltd. <br> (KRW) | 6448050 |

---

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **South Korea (Continued)** |  |
| 46872 | Samsung SDS Co., Ltd. (KRW) | $5485466 |
| 53458 | SK Telecom Co., Ltd. (KRW) | 2068900 |
|  |  | 20837367 |
|  | **Spain — 1.0%** |  |
| 54157 | Cellnex Telecom S.A. <br> (EUR) (c) (e) | 1875069 |
| 394692 | Telefonica S.A. (EUR) | 2037987 |
|  |  | 3913056 |
|  | **Sweden — 2.2%** |  |
| 141765 | Tele2 AB, Class B (SEK) | 2417612 |
| 550921 | Telefonaktiebolaget LM <br> Ericsson, Class B (SEK) (f) | 4555117 |
| 561950 | Telia Co., AB (SEK) | 2142291 |
|  |  | 9115020 |
|  | **Switzerland — 0.5%** |  |
| 3052 | Swisscom AG (CHF) | 2214095 |
|  | **Taiwan — 11.3%** |  |
| 399942 | Advantech Co., Ltd. (TWD) | 4186019 |
| 966183 | ASE Technology Holding Co., <br> Ltd. (TWD) | 5198964 |
| 469773 | Chunghwa Telecom Co., Ltd. <br> (TWD) | 2057704 |
| 349700 | Delta Electronics, Inc. (TWD) | 9798668 |
| 711615 | Far EasTone <br> Telecommunications Co., Ltd. <br> (TWD) | 2064006 |
| 106905 | MediaTek, Inc. (TWD) | 4612510 |
| 538619 | Taiwan Mobile Co., Ltd. (TWD) | 1926290 |
| 21952 | Taiwan Semiconductor <br> Manufacturing Co., Ltd., ADR | 6130974 |
| 2975229 | United Microelectronics Corp. <br> (TWD) | 4446541 |
| 55675 | Wiwynn Corp. (TWD) | 6055601 |
|  |  | 46477277 |
|  | **Thailand — 0.5%** |  |
| 233500 | Advanced Info Service PCL <br> (THB) | 2096852 |
|  | **United Arab Emirates — 0.5%** |  |
| 433422 | Emirates Telecommunications <br> Group Co. PJSC (AED) | 2223131 |
|  | **United Kingdom — 1.8%** |  |
| 1920093 | BT Group PLC (GBP) | 4936127 |
| 2132258 | Vodafone Group PLC (GBP) | 2470787 |
|  |  | 7406914 |
|  | **United States — 36.7%** |  |
| 38797 | Advanced Micro Devices, <br> Inc. (d) | 6276967 |
| 21925 | American Tower Corp. | 4216616 |
| 20211 | Analog Devices, Inc. | 4965843 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United States (Continued)** |  |
| 23643 | Apple, Inc. | $6020217 |
| 49887 | Arista Networks, Inc. (d) | 7269035 |
| 73706 | AT&T, Inc. | 2081457 |
| 18583 | Broadcom, Inc. | 6130717 |
| 65077 | Ciena Corp. (d) | 9479767 |
| 73218 | Cisco Systems, Inc. | 5009576 |
| 47268 | Crown Castle, Inc. | 4560889 |
| 26728 | Digital Realty Trust, Inc. | 4620737 |
| 5259 | Equinix, Inc. | 4119059 |
| 16046 | F5, Inc. (d) | 5185907 |
| 257950 | Hewlett Packard Enterprise Co. | 6335252 |
| 227266 | Intel Corp. (d) | 7624774 |
| 16695 | International Business Machines <br> Corp. | 4710661 |
| 28922 | Keysight Technologies, Inc. (d) | 5059036 |
| 68872 | Marvell Technology, Inc. | 5790069 |
| 67527 | Microchip Technology, Inc. | 4336584 |
| 40506 | Micron Technology, Inc. | 6777464 |
| 11489 | Motorola Solutions, Inc. | 5253805 |
| 32905 | NVIDIA Corp. | 6139415 |
| 56878 | Qorvo, Inc. (d) | 5180448 |
| 29470 | QUALCOMM, Inc. | 4902629 |
| 20911 | SBA Communications Corp. | 4043142 |
| 64541 | Skyworks Solutions, Inc. | 4968366 |
| 108768 | Super Micro Computer, Inc. (d) | 5214338 |
| 9045 | T-Mobile US, Inc. | 2165192 |
| 47755 | Verizon Communications, Inc. | 2098832 |
|  |  | 150536794 |
|  | **Total Common Stocks** | 408993589 |
|  | (Cost $330,746,217) |  |
| **RIGHTS — 0.0%** | **RIGHTS — 0.0%** | **RIGHTS — 0.0%** |
|  | **Italy — 0.0%** |  |
| 4683455 | Telecom Italia S.p.A., expiring <br> 09/26/25 (EUR) (d) (g) (h) | 78 |
|  | (Cost $0) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| 242021 | Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - 4.04% (j) | 242021 |
|  | (Cost $242,021) |  |

---

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

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 3.1%** | **REPURCHASE AGREEMENTS — 3.1%** | **REPURCHASE AGREEMENTS — 3.1%** |
| $2593964 | Bank of America Corp., <br> 4.20% (j), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $2,594,267. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $2,645,843. (k) | $2593964 |
| 3796322 | JPMorgan Chase & Co., <br> 4.20% (j), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $3,796,765. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $3,872,249. (k) | 3796322 |
| 2276043 | Mizuho Financial Group, Inc., <br> 4.20% (j), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $2,276,309. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $2,321,564. (k) | 2276043 |
| 4082949 | RBC Dominion Securities, Inc., <br> 4.19% (j), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $4,083,424. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $4,164,608. (k) | 4082949 |
|  | **Total Repurchase Agreements** | 12749278 |
|  | (Cost $12,749,278) |  |
|  | **Total Investments — 103.0%** | 421984966 |
|  | (Cost $343,737,516) |  |
|  | **Net Other Assets and** <br> **Liabilities — (3.0)%** | (12140916)<br>|
|  | **Net Assets — 100.0%** | $409844050 |

---

&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.

&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 (see Note 2E - Securities
 Lending in the Notes to Financial Statements). The remaining
 contractual maturity of all of the securities lending transactions
 is overnight and continuous. The aggregate value
 of such securities is $12,279,576 and the total value of the
 collateral held by the Fund, including for securities sold and
 pending settlement, is $12,749,278.

&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 September 30, 2025, securities noted
 as such are valued at $78 or 0.0% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(i) This
 security's value was determined using significant unobservable
 inputs (see Note 2A - Portfolio Valuation in the Notes
 to Financial Statements).

&nbsp;&nbsp;&nbsp;&nbsp;(j) Rate
 shown reflects yield as of September 30, 2025.

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

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

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | |
|:---|:---|
| 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 |
| PHP | – Philippine Peso |
| 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;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| USD | 46.4% |
| JPY | 10.0 |
| TWD | 9.6 |
| EUR | 8.9 |
| HKD | 5.3 |
| KRW | 4.4 |
| INR | 3.2 |
| SEK | 2.2 |
| GBP | 1.8 |
| CAD | 1.6 |
| ZAR | 1.1 |
| MXN | 0.6 |
| QAR | 0.5 |
| NOK | 0.5 |
| IDR | 0.5 |
| AED | 0.5 |
| CHF | 0.5 |
| SGD | 0.5 |
| AUD | 0.5 |
| THB | 0.5 |
| MYR | 0.5 |
| PHP | 0.4 |
| Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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: |  |  |  |  |
| Russia | $—\*\* | $— | $— | $—\*\* |
| Thailand | 2096852 |  | 2096852 |  |
| Other Country <br> Categories\*<br>| 406896737 | 406896737 |  |  |
| Rights\* | 78 |  | 78 |  |
| Money Market <br> Funds<br>| 242021 | 242021 |  |  |
| Repurchase <br> Agreements<br>| 12749278 |  | 12749278 |  |
| Total Investments | $421984966 | $407138758 | $14846208 | $—\*\* |

---

&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.

------

**Offsetting Assets and Liabilities**

------

Offsetting assets and liabilities requires entities to disclose both gross and net information about instruments and transactions eligible for offset, and to disclose instruments and transactions subject to master netting or similar agreements (see Note 2C - Offsetting on the Statements of Assets and Liabilities in the Notes to Financial Statements).

The Fund's loaned securities were all subject to an enforceable Securities Lending Agency Agreement. Securities lent in accordance with the Securities Lending Agency Agreement on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Securities Lending Agency Agreement** | **Securities Lending Agency Agreement** |
| Total gross amount presented on the Statements <br> of Assets and Liabilities<sup>(1)</sup> <br>| $12279576 |
| Non-cash Collateral<sup>(2)</sup> <br>| (12279576)<br>|
| Net Amount | $— |

---

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

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

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

<sup>(1)</sup> The amount presented on the Statements of Assets and Liabilities, which is included in "Investments, at value," is not offset and is shown on a gross basis. 

<sup>(2)</sup> At September 30, 2025, the value of the collateral received from each borrower exceeded the value of the related securities loaned. This amount is disclosed on the Portfolio of Investments. 

The Fund's investments in repurchase agreements were all subject to an enforceable Master Repurchase Agreement. Repurchase Agreements on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Repurchase Agreements** | **Repurchase Agreements** |
| Total gross amount presented on the Statements <br>of Assets and Liabilities<br>| $12749278 |
| Non-cash Collateral<sup>(3)</sup> <br>| (12749278)<br>|
| Net Amount | $— |

---

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

<sup>(3)</sup> At September 30, 2025, the value of the collateral received from each seller exceeded the value of the repurchase agreements.

See Notes to Financial Statements

------

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

**Portfolio of Investments**

**September 30, 2025**

&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 — 1.2%** |  |
| 47780 | IGO Ltd. (AUD) (c) | $163771 |
| 141616 | Pilbara Minerals Ltd. (AUD) (c) | 236142 |
|  |  | 399913 |
|  | **Austria — 0.4%** |  |
| 9094 | ams-OSRAM AG (CHF) (c) | 126805 |
|  | **Canada — 0.5%** |  |
| 3332 | Magna International, Inc. | 157870 |
|  | **Cayman Islands — 7.6%** |  |
| 2100 | Ambarella, Inc. (c) | 173292 |
| 1602 | Baidu, Inc., ADR (c) | 211096 |
| 63208 | Black Sesame International <br> Holding Ltd. (HKD) (c) (d) | 168296 |
| 63278 | Geely Automobile Holdings Ltd. <br> (HKD) | 158968 |
| 6438 | Hesai Group, ADR (c) | 180908 |
| 174328 | Horizon Robotics (HKD) (c) | 214607 |
| 5207 | Li Auto, Inc., ADR (c) (d) | 131945 |
| 38385 | NIO, Inc., ADR (c) (d) | 292494 |
| 10988 | Pony AI, Inc., ADR (c) (d) | 247120 |
| 35883 | RoboSense Technology Co., Ltd. <br> (HKD) (c) | 194863 |
| 16005 | WeRide, Inc., ADR (c) (d) | 158450 |
| 8126 | XPeng, Inc., ADR (c) | 190311 |
| 89459 | Yadea Group Holdings Ltd. <br> (HKD) (e) (f) | 159445 |
|  |  | 2481795 |
|  | **Chile — 0.5%** |  |
| 3621 | Sociedad Quimica y Minera de <br> Chile S.A., ADR (c) | 155631 |
|  | **China — 4.0%** |  |
| 9340 | BYD Co., Ltd., Class H (HKD) | 132263 |
| 2900 | Contemporary Amperex <br> Technology Co., Ltd., Class H <br> (HKD) (d) | 212974 |
| 44974 | Ganfeng Lithium Group Co., <br> Ltd., Class H (HKD) (e) (f) | 249318 |
| 86412 | Great Wall Motor Co., Ltd., <br> Class H (HKD) | 186550 |
| 45728 | Minieye Technology Co., Ltd., <br> Class H (HKD) (c) | 160419 |
| 36897 | Tianqi Lithium Corp., Class H <br> (HKD) (c) (d) | 213076 |
| 19228 | Zhejiang Leapmotor Technology <br> Co., Ltd., Class H <br> (HKD) (c) (e) (f) | 163941 |
|  |  | 1318541 |
|  | **France — 1.9%** |  |
| 2265 | Schneider Electric SE (EUR) | 631833 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Germany — 2.5%** |  |
| 774 | Aumovio SE (EUR) (c) | $31914 |
| 1420 | Bayerische Motoren Werke AG <br> (EUR) | 142442 |
| 1547 | Continental AG (EUR) | 101929 |
| 5245 | Infineon Technologies AG <br> (EUR) | 204443 |
| 3128 | Mercedes-Benz Group AG <br> (EUR) | 196365 |
| 1707 | Wacker Chemie AG (EUR) | 128463 |
|  |  | 805556 |
|  | **Indonesia — 0.4%** |  |
| 1088821 | Merdeka Copper Gold Tbk PT <br> (IDR) (c) | 137859 |
|  | **Ireland — 0.8%** |  |
| 1197 | TE Connectivity PLC | 262777 |
|  | **Japan — 6.5%** |  |
| 11100 | Aisin Corp. (JPY) | 192149 |
| 10600 | Denso Corp. (JPY) | 153067 |
| 2800 | Furukawa Electric Co., Ltd. <br> (JPY) | 172523 |
| 14392 | Honda Motor Co., Ltd. (JPY) (d) | 148995 |
| 7800 | NIDEC CORP. (JPY) | 138901 |
| 68509 | Nissan Motor Co., Ltd. (JPY) (c) | 168533 |
| 14300 | Panasonic Holdings Corp. (JPY) | 155682 |
| 11000 | Renesas Electronics Corp. (JPY) | 126896 |
| 8210 | Subaru Corp. (JPY) | 168214 |
| 36460 | Toyota Motor Corp. (JPY) | 702524 |
|  |  | 2127484 |
|  | **Jersey — 0.5%** |  |
| 2007 | Aptiv PLC (c) | 173044 |
|  | **Netherlands — 2.3%** |  |
| 555 | Ferrari N.V. | 269297 |
| 1020 | NXP Semiconductors N.V. | 232285 |
| 13466 | Stellantis N.V. (EUR) | 124328 |
| 4274 | STMicroelectronics N.V. | 120783 |
|  |  | 746693 |
|  | **South Korea — 8.4%** |  |
| 1913 | Ecopro BM Co., Ltd. (KRW) (c) | 154071 |
| 619 | Hyundai Mobis Co., Ltd. (KRW) | 131693 |
| 934 | Hyundai Motor Co. (KRW) | 143124 |
| 1940 | Kia Corp. (KRW) | 139238 |
| 709 | LG Chem Ltd. (KRW) | 140481 |
| 1500 | POSCO Future M Co., Ltd. <br> (KRW) (c) | 153416 |
| 28652 | Samsung Electronics Co., Ltd. <br> (KRW) | 1713341 |
| 1140 | Samsung SDI Co., Ltd. (KRW) | 166565 |
|  |  | 2741929 |
|  | **Sweden — 0.6%** |  |
| 7081 | Volvo AB, Class B (SEK) | 202703 |

---

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Taiwan — 4.8%** |  |
| 5548 | Taiwan Semiconductor <br> Manufacturing Co., Ltd., ADR | $1549501 |
|  | **United Kingdom — 0.4%** |  |
| 4381 | Sensata Technologies <br> Holding PLC | 133840 |
|  | **United States — 56.6%** |  |
| 9468 | Adeia, Inc. | 159062 |
| 8843 | Advanced Micro Devices, <br> Inc. (c) | 1430709 |
| 4849 | Aeva Technologies, Inc. (c) | 70310 |
| 1907 | Albemarle Corp. | 154620 |
| 3776 | Allegro MicroSystems, Inc. (c) | 110259 |
| 7177 | Alphabet, Inc., Class A | 1744729 |
| 21791 | Amprius Technologies, Inc. (c) | 229241 |
| 2001 | Analog Devices, Inc. | 491646 |
| 6001 | Apple, Inc. | 1528035 |
| 26327 | Aurora Innovation, Inc. (c) | 141902 |
| 3955 | BorgWarner, Inc. | 173862 |
| 1332 | Cirrus Logic, Inc. (c) | 166886 |
| 548 | Cummins, Inc. | 231459 |
| 15748 | Ford Motor Co. | 188346 |
| 3879 | General Motors Co. | 236503 |
| 36694 | indie Semiconductor, Inc., <br> Class A (c) (d) | 149345 |
| 17594 | Intel Corp. (c) | 590279 |
| 2580 | Lattice Semiconductor Corp. (c) | 189166 |
| 1316 | Lear Corp. | 132403 |
| 6079 | Lucid Group, Inc. (c) (d) | 144619 |
| 3469 | Marvell Technology, Inc. | 291639 |
| 9362 | MaxLinear, Inc. (c) | 150541 |
| 2136 | Microchip Technology, Inc. | 137174 |
| 4506 | Micron Technology, Inc. | 753944 |
| 2542 | Microsoft Corp. | 1316629 |
| 44125 | Microvast Holdings, Inc. (c) (d) | 169881 |
| 8497 | Mobileye Global, Inc., <br> Class A (c) | 119978 |
| 7768 | NVIDIA Corp. | 1449353 |
| 2380 | ON Semiconductor Corp. (c) | 117358 |
| 5791 | Ouster, Inc. (c) | 156646 |
| 2083 | PACCAR, Inc. | 204800 |
| 1568 | Qorvo, Inc. (c) | 142813 |
| 8013 | QUALCOMM, Inc. | 1333043 |
| 2193 | Rambus, Inc. (c) | 228511 |
| 10634 | Rivian Automotive, Inc., <br> Class A (c) | 156107 |
| 992 | Silicon Laboratories, Inc. (c) | 130081 |
| 676 | SiTime Corp. (c) | 203686 |
| 1823 | Skyworks Solutions, Inc. | 140334 |
| 2036 | Synaptics, Inc. (c) | 139140 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United States (Continued)** |  |
| 4114 | Tesla, Inc. (c) | $1829578 |
| 5803 | Texas Instruments, Inc. | 1066185 |
|  |  | 18500802 |
|  | **Total Common Stocks** | 32654576 |
|  | (Cost $25,034,349) |  |
| **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** |
| 13511 | Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (g) | 13511 |
|  | (Cost $13,511) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 5.2%** | **REPURCHASE AGREEMENTS — 5.2%** | **REPURCHASE AGREEMENTS — 5.2%** |
| $346135 | Bank of America Corp., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $346,175. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $353,058. (h) | 346135 |
| 506577 | JPMorgan Chase & Co., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $506,636. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $516,709. (h) | 506577 |

---

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** |
| $303716 | Mizuho Financial Group, Inc., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $303,751. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $309,790. (h) | $303716 |
| 544825 | RBC Dominion Securities, Inc., <br> 4.19% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $544,888. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $555,722. (h) | 544825 |
|  | **Total Repurchase Agreements** | 1701253 |
|  | (Cost $1,701,253) |  |
|  | **Total Investments — 105.1%** | 34369340 |
|  | (Cost $26,749,113) |  |
|  | **Net Other Assets and** <br> **Liabilities — (5.1)%** | (1666792)<br>|
|  | **Net Assets — 100.0%** | $32702548 |

---

&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.

&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 (see Note 2E - Securities
 Lending in the Notes to Financial Statements). The remaining
 contractual maturity of all of the securities lending transactions
 is overnight and continuous. The aggregate value
 of such securities is $1,629,087 and the total value of the
 collateral held by the Fund, including for securities sold and
 pending settlement, is $1,701,253.

&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;

&nbsp;&nbsp;&nbsp;&nbsp;(g) Rate
 shown reflects yield as of September 30, 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;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| USD | 72.3% |
| KRW | 8.0 |
| HKD | 6.4 |
| JPY | 6.2 |
| EUR | 4.5 |
| AUD | 1.2 |
| SEK | 0.6 |
| IDR | 0.4 |
| CHF | 0.4 |
| Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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\* | $32654576 | $32654576 | $— | $— |
| Money Market Funds | 13511 | 13511 |  |  |
| Repurchase Agreements | 1701253 |  | 1701253 |  |
| Total Investments | $34369340 | $32668087 | $1701253 | $— |

---

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

\* See Portfolio of Investments for country breakout.

------

**Offsetting Assets and Liabilities**

------

Offsetting assets and liabilities requires entities to disclose both gross and net information about instruments and transactions eligible for offset, and to disclose instruments and transactions subject to master netting or similar agreements (see Note 2C - Offsetting on the Statements of Assets and Liabilities in the Notes to Financial Statements).

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

The Fund's loaned securities were all subject to an enforceable Securities Lending Agency Agreement. Securities lent in accordance with the Securities Lending Agency Agreement on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Securities Lending Agency Agreement** | **Securities Lending Agency Agreement** |
| Total gross amount presented on the Statements <br> of Assets and Liabilities<sup>(1)</sup> <br>| $1629087 |
| Non-cash Collateral<sup>(2)</sup> <br>| (1629087)<br>|
| Net Amount | $— |

---

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

<sup>(1)</sup> The amount presented on the Statements of Assets and Liabilities, which is included in "Investments, at value," is not offset and is shown on a gross basis. 

<sup>(2)</sup> At September 30, 2025, the value of the collateral received from each borrower exceeded the value of the related securities loaned. This amount is disclosed on the Portfolio of Investments. 

The Fund's investments in repurchase agreements were all subject to an enforceable Master Repurchase Agreement. Repurchase Agreements on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Repurchase Agreements** | **Repurchase Agreements** |
| Total gross amount presented on the Statements <br>of Assets and Liabilities<br>| $1701253 |
| Non-cash Collateral<sup>(3)</sup> <br>| (1701253)<br>|
| Net Amount | $— |

---

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

<sup>(3)</sup> At September 30, 2025, the value of the collateral received from each seller exceeded the value of the repurchase agreements.

See Notes to Financial Statements

------

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

**Portfolio of Investments**

**September 30, 2025**

&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 — 3.5%**  |  |
| 505228 | Amazon.com, Inc. (a) | $110932912 |
|  | **Communications Equipment** <br> **— 6.2%**  |  |
| 847288 | Arista Networks, Inc. (a) | 123458335 |
| 1116391 | Cisco Systems, Inc. | 76383472 |
|  |  | 199841807 |
|  | **Diversified Telecommunication** <br> **Services — 2.5%**  |  |
| 13285808 | Lumen Technologies, Inc. (a) | 81309145 |
|  | **Financial Services — 0.5%**  |  |
| 427558 | Toast, Inc., Class A (a) | 15610142 |
|  | **Health Care Technology —** <br> **0.7%**  |  |
| 71630 | Veeva Systems, Inc., Class A (a) | 21339293 |
|  | **Interactive Media & Services** <br> **— 4.1%**  |  |
| 543409 | Alphabet, Inc., Class A | 132102728 |
|  | **IT Services — 23.2%**  |  |
| 974744 | Akamai Technologies, Inc. (a) | 73846606 |
| 369563 | Cloudflare, Inc., Class A (a) | 79304524 |
| 935698 | CoreWeave, Inc., Class A (a) | 128050271 |
| 929675 | DigitalOcean Holdings, Inc. (a) | 31757698 |
| 2204114 | Fastly, Inc., Class A (a) | 18845175 |
| 475162 | International Business Machines <br> Corp. | 134071710 |
| 305486 | MongoDB, Inc. (a) | 94816745 |
| 409461 | Shopify, Inc., Class A (a) | 60849999 |
| 80796 | Snowflake, Inc. (a) | 18223538 |
| 547757 | Twilio, Inc., Class A (a) | 54824998 |
| 273361 | Wix.com Ltd. (a) | 48557114 |
|  |  | 743148378 |
|  | **Media — 0.5%**  |  |
| 352778 | Trade Desk (The), Inc., <br> Class A (a) | 17289650 |
|  | **Professional Services — 1.1%**  |  |
| 84890 | Paycom Software, Inc. | 17669005 |
| 107587 | Paylocity Holding Corp. (a) | 17135381 |
|  |  | 34804386 |
|  | **Software — 47.8%**  |  |
| 162177 | Adobe, Inc. (a) | 57207937 |
| 69518 | Appfolio, Inc., Class A (a) | 19163332 |
| 634321 | Appian Corp., Class A (a) | 19391193 |
| 120873 | AppLovin Corp., Class A (a) | 86852085 |
| 1320744 | Asana, Inc., Class A (a) | 17645140 |
| 325394 | Atlassian Corp., Class A (a) | 51965422 |
| 289055 | Blackbaud, Inc. (a) | 18589127 |
| 354660 | BlackLine, Inc. (a) | 18832446 |
| 590955 | Box, Inc., Class A (a) | 19070118 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Software (Continued)**  |  |
| 2912820 | Confluent, Inc., Class A (a) | $57673836 |
| 45511 | CrowdStrike Holdings, Inc., <br> Class A (a) | 22317684 |
| 141080 | Datadog, Inc., Class A (a) | 20089792 |
| 251538 | Docusign, Inc. (a) | 18133374 |
| 532618 | Domo, Inc., Class B (a) | 8436669 |
| 663554 | Dropbox, Inc., Class A (a) | 20045966 |
| 226697 | Elastic N.V. (a) | 19153630 |
| 1028526 | Five9, Inc. (a) | 24890329 |
| 1204677 | Gitlab, Inc., Class A (a) | 54306839 |
| 119727 | HubSpot, Inc. (a) | 56008291 |
| 28910 | Intuit, Inc. | 19742928 |
| 594416 | Klaviyo, Inc., Class A (a) | 16459379 |
| 228339 | Microsoft Corp. | 118268185 |
| 1721428 | Nutanix, Inc., Class A (a) | 128057029 |
| 583092 | Open Text Corp. | 21795979 |
| 511640 | Oracle Corp. | 143893634 |
| 101212 | Palo Alto Networks, Inc. (a) | 20608787 |
| 244924 | Q2 Holdings, Inc. (a) | 17730048 |
| 141984 | Qualys, Inc. (a) | 18788743 |
| 1001176 | RingCentral, Inc., Class A (a) | 28373328 |
| 647076 | Rubrik, Inc., Class A (a) | 53222001 |
| 225751 | Salesforce, Inc. | 53502987 |
| 141702 | SAP SE, ADR | 37864191 |
| 63053 | ServiceNow, Inc. (a) | 58026415 |
| 539482 | ServiceTitan, Inc., Class A (a) | 54395970 |
| 777628 | Sprout Social, Inc., Class A (a) | 10046954 |
| 83541 | Workday, Inc., Class A (a) | 20110825 |
| 703412 | Workiva, Inc. (a) | 60549705 |
| 236832 | Zoom Communications, Inc. (a) | 19538640 |
| 69601 | Zscaler, Inc. (a) | 20856636 |
|  |  | 1531605574 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 9.8%**  |  |
| 473587 | Dell Technologies, Inc., Class C | 67140429 |
| 2563074 | Hewlett Packard Enterprise Co. | 62949097 |
| 512888 | NetApp, Inc. | 60756713 |
| 1490751 | Pure Storage, Inc., Class A (a) | 124939841 |
|  |  | 315786080 |
|  | **Total Common Stocks** | 3203770095 |
|  | (Cost $2,431,933,201) |  |
| **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** | **MONEY MARKET FUNDS — 0.4%** |
| 11837173 | Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (b) | 11837173 |
|  | (Cost $11,837,173) |  |

---

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

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 0.0%** | **REPURCHASE AGREEMENTS — 0.0%** | **REPURCHASE AGREEMENTS — 0.0%** |
| $9557 | Bank of America Corp., <br> 4.20% (b), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $9,558. Collateralized <br> by U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $9,748. (c) | $9557 |
| 13986 | JPMorgan Chase & Co., <br> 4.20% (b), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $13,988. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $14,266. (c) | 13986 |
| 8387 | Mizuho Financial Group, Inc., <br> 4.20% (b), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $8,388. Collateralized <br> by U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $8,555. (c) | 8387 |
| 15043 | RBC Dominion Securities, Inc., <br> 4.19% (b), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $15,045. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $15,344. (c) | 15043 |
|  | **Total Repurchase Agreements** | 46973 |
|  | (Cost $46,973) |  |
|  | **Total Investments — 100.3%** | 3215654241 |
|  | (Cost $2,443,817,347) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.3)%** | (10432649)<br>|
|  | **Net Assets — 100.0%** | $3205221592 |

---

&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 September 30, 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 September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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\* | $3203770095 | $3203770095 | $— | $— |
| Money Market <br> Funds<br>| 11837173 | 11837173 |  |  |
| Repurchase <br> Agreements<br>| 46973 |  | 46973 |  |
| Total Investments | $3215654241 | $3215607268 | $46973 | $— |

---

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

\* See Portfolio of Investments for industry breakout.

The Fund's investments in repurchase agreements were all subject to an enforceable Master Repurchase Agreement. Repurchase Agreements on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Repurchase Agreements** | **Repurchase Agreements** |
| Total gross amount presented on the Statements <br>of Assets and Liabilities<br>| $46973 |
| Non-cash Collateral<sup>(1)</sup> <br>| (46973)<br>|
| Net Amount | $— |

---

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

<sup>(1)</sup> At September 30, 2025, the value of the collateral received from each seller exceeded the value of the repurchase agreements.

See Notes to Financial Statements

------

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

**Portfolio of Investments**

**September 30, 2025**

&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 — 0.5%** |  |
| 206767 | Lottery (The) Corp., Ltd. (AUD) | $804488 |
|  | **Bermuda — 1.1%** |  |
| 28011 | Viking Holdings Ltd. (c) | 1741164 |
|  | **Brazil — 2.2%** |  |
| 1226237 | Caixa Seguridade Participacoes <br> S.A. (BRL) | 3481317 |
|  | **Canada — 12.9%** |  |
| 44842 | Agnico Eagle Mines Ltd. | 7558568 |
| 8549 | Celestica, Inc. (c) | 2106303 |
| 27115 | Definity Financial Corp. (CAD) | 1393645 |
| 10018 | Groupe Dynamite, Inc. <br> (CAD) (c) | 429888 |
| 41365 | RB Global, Inc. | 4482311 |
| 153462 | Triple Flag Precious Metals <br> Corp. | 4490298 |
|  |  | 20461013 |
|  | **Cayman Islands — 13.6%** |  |
| 41160 | Amer Sports, Inc. (c) | 1430310 |
| 12837 | Atour Lifestyle Holdings Ltd., <br> ADR | 482543 |
| 116592 | Full Truck Alliance Co., Ltd., <br> ADR | 1512198 |
| 20694 | Futu Holdings Ltd., ADR | 3598894 |
| 176474 | NetEase, Inc. (HKD) | 5369996 |
| 224622 | Pop Mart International Group <br> Ltd. (HKD) (d) (e) | 7701045 |
| 159736 | WuXi XDC Cayman, Inc. <br> (HKD) (c) | 1607223 |
|  |  | 21702209 |
|  | **Chile — 1.9%** |  |
| 67381 | Latam Airlines Group S.A., <br> ADR | 3048990 |
|  | **China — 12.9%** |  |
| 101700 | Contemporary Amperex <br> Technology Co., Ltd., Class H <br> (HKD) (f) | 7468764 |
| 292600 | Nongfu Spring Co., Ltd., <br> Class H (HKD) (d) (e) | 2026631 |
| 52500 | Remegen Co., Ltd., Class H <br> (HKD) (c) (d) (e) | 790676 |
| 599546 | Shandong Gold Mining Co., <br> Ltd., Class H (HKD) (d) (e) | 2845974 |
| 112660 | Sichuan Kelun-Biotech <br> Biopharmaceutical Co., Ltd., <br> Class H (HKD) (c) (f) | 7441225 |
|  |  | 20573270 |
|  | **Germany — 5.4%** |  |
| 16375 | Auto1 Group SE (EUR) (c) | 557529 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Germany (Continued)** |  |
| 8584 | Hensoldt AG (EUR) | $1111612 |
| 59405 | Siemens Energy AG (EUR) (c) | 6934012 |
|  |  | 8603153 |
|  | **Guernsey — 0.6%** |  |
| 23997 | Genius Sports Ltd. (c) | 297083 |
| 46972 | Super Group SGHC Ltd. | 620030 |
|  |  | 917113 |
|  | **Italy — 1.3%** |  |
| 74802 | Lottomatica Group S.p.A. (EUR) | 2012870 |
|  | **Japan — 9.9%** |  |
| 142300 | Advantest Corp. (JPY) | 14096731 |
| 29200 | Rakuten Bank Ltd. (JPY) (c) | 1632720 |
|  |  | 15729451 |
|  | **Luxembourg — 3.4%** |  |
| 7705 | Spotify Technology S.A. (c) | 5378090 |
|  | **Netherlands — 3.3%** |  |
| 82422 | JBS N.V., Class A | 1230560 |
| 86168 | Technip Energies N.V. (EUR) | 4054727 |
|  |  | 5285287 |
|  | **Norway — 2.8%** |  |
| 46448 | Gjensidige Forsikring ASA <br> (NOK) | 1361853 |
| 81866 | Orkla ASA (NOK) | 854792 |
| 132200 | Telenor ASA (NOK) | 2191069 |
|  |  | 4407714 |
|  | **South Africa — 2.6%** |  |
| 59147 | Valterra Platinum Ltd. (GBP) | 4215979 |
|  | **South Korea — 2.5%** |  |
| 6597 | HD Hyundai Heavy Industries <br> Co., Ltd. (KRW) | 2421478 |
| 9995 | HD Hyundai Marine Solution <br> Co., Ltd. (KRW) | 1495991 |
|  |  | 3917469 |
|  | **Sweden — 4.6%** |  |
| 150021 | Nordnet AB publ (SEK) | 4350328 |
| 170747 | Tele2 AB, Class B (SEK) | 2911862 |
|  |  | 7262190 |
|  | **Switzerland — 7.4%** |  |
| 17680 | Galderma Group AG (CHF) | 3071596 |
| 21064 | Holcim AG (CHF) | 1781860 |
| 65399 | Sandoz Group AG (CHF) | 3875223 |
| 112876 | Sportradar Group AG, <br> Class A (c) | 3036364 |
|  |  | 11765043 |
|  | **United Kingdom — 7.8%** |  |
| 62977 | ARM Holdings PLC, ADR (c) | 8910616 |
| 35940 | Endeavour Mining PLC (CAD) | 1509702 |

---

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **United Kingdom (Continued)** |  |
| 13358 | Klarna Group PLC (c) (f) | $489571 |
| 110904 | Wise PLC, Class A (GBP) (c) | 1543751 |
|  |  | 12453640 |
|  | **United States — 3.1%** |  |
| 171637 | Gen Digital, Inc. | 4872774 |
|  | **Total Common Stocks** | 158633224 |
|  | (Cost $117,078,707) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| 130308 | Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (g) | 130308 |
|  | (Cost $130,308) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 7.2%** | **REPURCHASE AGREEMENTS — 7.2%** | **REPURCHASE AGREEMENTS — 7.2%** |
| $2313288 | Bank of America Corp., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $2,313,558. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $2,359,554. (h) | 2313288 |
| 3385547 | JPMorgan Chase & Co., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $3,385,942. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $3,453,258. (h) | 3385547 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| $2029767 | Mizuho Financial Group, Inc., <br> 4.20% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $2,030,004. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $2,070,363. (h) | $2029767 |
| 3641160 | RBC Dominion Securities, Inc., <br> 4.19% (g), dated 09/30/25, <br> due 10/01/25, with a maturity <br> value of $3,641,584. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $3,713,983. (h) | 3641160 |
|  | **Total Repurchase Agreements** | 11369762 |
|  | (Cost $11,369,762) |  |
|  | **Total Investments — 107.1%** | 170133294 |
|  | (Cost $128,578,777) |  |
|  | **Net Other Assets and** <br> **Liabilities — (7.1)%** | (11207246)<br>|
|  | **Net Assets — 100.0%** | $158926048 |

---

&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.

&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 (see Note 2E - Securities
 Lending in the Notes to Financial Statements). The remaining
 contractual maturity of all of the securities lending transactions
 is overnight and continuous. The aggregate value
 of such securities is $10,797,347 and the total value of the
 collateral held by the Fund, including for securities sold and
 pending settlement, is $11,369,762.

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

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

&nbsp;&nbsp;&nbsp;&nbsp;(g) Rate
 shown reflects yield as of September 30, 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 |
| 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 |
| USD | – United States Dollar |

---

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

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| USD | 39.2% |
| HKD | 20.7 |
| JPY | 9.2 |
| EUR | 8.6 |
| CHF | 5.1 |
| SEK | 4.3 |
| GBP | 3.4 |
| NOK | 2.6 |
| KRW | 2.3 |
| BRL | 2.1 |
| CAD | 2.0 |
| AUD | 0.5 |
| Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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\* | $158633224 | $158633224 | $— | $— |
| Money Market <br> Funds<br>| 130308 | 130308 |  |  |
| Repurchase <br> Agreements<br>| 11369762 |  | 11369762 |  |
| Total Investments | $170133294 | $158763532 | $11369762 | $— |

---

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

\* See Portfolio of Investments for country breakout.

------

**Offsetting Assets and Liabilities**

------

Offsetting assets and liabilities requires entities to disclose both gross and net information about instruments and transactions eligible for offset, and to disclose instruments and transactions subject to master netting or similar agreements (see Note 2C - Offsetting on the Statements of Assets and Liabilities in the Notes to Financial Statements).

The Fund's loaned securities were all subject to an enforceable Securities Lending Agency Agreement. Securities lent in accordance with the Securities Lending Agency Agreement on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Securities Lending Agency Agreement** | **Securities Lending Agency Agreement** |
| Total gross amount presented on the Statements <br> of Assets and Liabilities<sup>(1)</sup> <br>| $10797347 |
| Non-cash Collateral<sup>(2)</sup> <br>| (10797347)<br>|
| Net Amount | $— |

---

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

<sup>(1)</sup> The amount presented on the Statements of Assets and Liabilities, which is included in "Investments, at value," is not offset and is shown on a gross basis. 

<sup>(2)</sup> At September 30, 2025, the value of the collateral received from each borrower exceeded the value of the related securities loaned. This amount is disclosed on the Portfolio of Investments. 

The Fund's investments in repurchase agreements were all subject to an enforceable Master Repurchase Agreement. Repurchase Agreements on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Repurchase Agreements** | **Repurchase Agreements** |
| Total gross amount presented on the Statements <br>of Assets and Liabilities<br>| $11369762 |
| Non-cash Collateral<sup>(3)</sup> <br>| (11369762)<br>|
| Net Amount | $— |

---

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

<sup>(3)</sup> At September 30, 2025, the value of the collateral received from each seller exceeded the value of the repurchase agreements.

See Notes to Financial Statements

------

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

**Portfolio of Investments**

**September 30, 2025**

&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%** |
|  | **Canada — 3.0%** |  |
| 15952325 | BlackBerry Ltd. (c) | $77847346 |
| 6750387 | Open Text Corp. (CAD) | 252320997 |
|  |  | 330168343 |
|  | **France — 4.6%** |  |
| 1604560 | Thales S.A. (EUR) | 502231519 |
|  | **India — 7.4%** |  |
| 50291900 | Infosys Ltd., ADR (d) | 818249213 |
|  | **Israel — 8.4%** |  |
| 2189888 | Check Point Software <br> Technologies Ltd. (c) | 453109726 |
| 933143 | CyberArk Software Ltd. (c) | 450848040 |
| 1050520 | Radware Ltd. (c) | 27828275 |
|  |  | 931786041 |
|  | **Japan — 1.8%** |  |
| 3699973 | Trend Micro, Inc. (JPY) | 202655992 |
|  | **United Kingdom — 0.3%** |  |
| 13497726 | NCC Group PLC (GBP) (d) | 26830259 |
|  | **United States — 74.3%** |  |
| 1497195 | A10 Networks, Inc. | 27174089 |
| 3309494 | Akamai Technologies, Inc. (c) | 250727265 |
| 2986947 | Booz Allen Hamilton Holding <br> Corp. | 298545353 |
| 2844445 | Broadcom, Inc. | 938410850 |
| 12243593 | Cisco Systems, Inc. | 837706633 |
| 2026523 | Cloudflare, Inc., Class A (c) | 434871571 |
| 974864 | Commvault Systems, Inc. (c) | 184034826 |
| 1996494 | CrowdStrike Holdings, Inc., <br> Class A (c) | 979040728 |
| 1176782 | F5, Inc. (c) | 380324175 |
| 5369485 | Fortinet, Inc. (c) | 451466299 |
| 13148822 | Gen Digital, Inc. | 373295057 |
| 2337804 | Leidos Holdings, Inc. | 441751444 |
| 1513811 | NetScout Systems, Inc. (c) | 39101738 |
| 3450802 | Okta, Inc. (c) | 316438543 |
| 1753080 | OneSpan, Inc. | 27856441 |
| 4440011 | Palo Alto Networks, Inc. (c) | 904075040 |
| 781071 | Qualys, Inc. (c) | 103359125 |
| 1344978 | Rapid7, Inc. (c) | 25218337 |
| 3208467 | Rubrik, Inc., Class A (c) | 263896411 |
| 1095406 | Science Applications <br> International Corp. | 108850494 |
| 7743063 | SentinelOne, Inc., Class A (c) | 136355339 |
| 2760064 | Tenable Holdings, Inc. (c) | 80483466 |
| 2618487 | Varonis Systems, Inc. (c) | 150484448 |
| 1526638 | Zscaler, Inc. (c) | 457472343 |
|  |  | 8210940015 |
|  | **Total Common Stocks** | 11022861382 |
|  | (Cost $7,998,061,155) |  |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** |
| 29025734 | Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (e) | $29025734 |
|  | (Cost $29,025,734) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 7.3%** | **REPURCHASE AGREEMENTS — 7.3%** | **REPURCHASE AGREEMENTS — 7.3%** |
| $163645020 | Bank of America Corp., <br> 4.20% (e), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $163,664,112. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $166,917,920. (f) | 163645020 |
| 239498250 | JPMorgan Chase & Co., <br> 4.20% (e), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $239,526,191. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $244,288,219. (f) | 239498250 |

---

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** |
| $143588196 | Mizuho Financial Group, Inc., <br> 4.20% (e), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $143,604,948. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $146,459,996. (f) | $143588196 |
| 257580526 | RBC Dominion Securities, Inc., <br> 4.19% (e), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $257,610,506. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $262,732,143. (f) | 257580526 |
|  | **Total Repurchase Agreements** | 804311992 |
|  | (Cost $804,311,992) |  |
|  | **Total Investments — 107.3%** | 11856199108 |
|  | (Cost $8,831,398,881) |  |
|  | **Net Other Assets and** <br> **Liabilities — (7.3)%** | (807128288)<br>|
|  | **Net Assets — 100.0%** | $11049070820 |

---

&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.

&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 (see Note 2E - Securities
 Lending in the Notes to Financial Statements). The remaining
 contractual maturity of all of the securities lending transactions
 is overnight and continuous. The aggregate value
 of such securities is $782,427,441 and the total value of
 the collateral held by the Fund, including for securities sold
 and pending settlement, is $804,311,992.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Rate
 shown reflects yield as of September 30, 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 |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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 <br> Stocks\*<br>| $11022861382 | $11022861382 | $— | $— |
| Money <br> Market <br> Funds<br>| 29025734 | 29025734 |  |  |
| Repurchase <br> Agreements<br>| 804311992 |  | 804311992 |  |
| Total <br> Investments<br>| $11856199108 | $11051887116 | $804311992 | $— |

---

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

\* See Portfolio of Investments for country breakout.

------

**Offsetting Assets and Liabilities**

------

Offsetting assets and liabilities requires entities to disclose both gross and net information about instruments and transactions eligible for offset, and to disclose instruments and transactions subject to master netting or similar agreements (see Note 2C - Offsetting on the Statements of Assets and Liabilities in the Notes to Financial Statements).

The Fund's loaned securities were all subject to an enforceable Securities Lending Agency Agreement. Securities lent in accordance with the Securities Lending Agency Agreement on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Securities Lending Agency Agreement** | **Securities Lending Agency Agreement** |
| Total gross amount presented on the Statements <br> of Assets and Liabilities<sup>(1)</sup> <br>| $782427441 |
| Non-cash Collateral<sup>(2)</sup> <br>| (782427441)<br>|
| Net Amount | $— |

---

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

<sup>(1)</sup> The amount presented on the Statements of Assets and Liabilities, which is included in "Investments, at value," is not offset and is shown on a gross basis. 

<sup>(2)</sup> At September 30, 2025, the value of the collateral received from each borrower exceeded the value of the related securities loaned. This amount is disclosed on the Portfolio of Investments. 

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

The Fund's investments in repurchase agreements were all subject to an enforceable Master Repurchase Agreement. Repurchase Agreements on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Repurchase Agreements** | **Repurchase Agreements** |
| Total gross amount presented on the Statements <br>of Assets and Liabilities<br>| $804311992 |
| Non-cash Collateral<sup>(3)</sup> <br>| (804311992)<br>|
| Net Amount | $— |

---

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

<sup>(3)</sup> At September 30, 2025, the value of the collateral received from each seller exceeded the value of the repurchase agreements.

See Notes to Financial Statements

------

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

**Portfolio of Investments**

**September 30, 2025**

&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%** |
|  | **Austria — 1.0%** |  |
| 342 | BAWAG Group AG <br> (EUR) (c) (d) | $44971 |
| 139 | Kontron AG (EUR) (e) | 4465 |
|  |  | 49436 |
|  | **Bermuda — 2.1%** |  |
| 507 | SiriusPoint Ltd. (f) | 9172 |
| 1445 | Viking Holdings Ltd. (f) | 89821 |
|  |  | 98993 |
|  | **Canada — 0.3%** |  |
| 136 | Topicus.com., Inc. (CAD) (f) | 14585 |
|  | **Cayman Islands — 1.0%** |  |
| 1203 | Amer Sports, Inc. (f) | 41804 |
| 724 | IHS Holding Ltd. (f) | 4938 |
| 140 | MoonLake <br> Immunotherapeutics (e) (f) | 1004 |
|  |  | 47746 |
|  | **Cyprus — 0.2%** |  |
| 1795 | HeadHunter Group PLC, <br> ADR (f) (g) (h) (i) | 0 |
| 304 | Theon International PLC (EUR) | 11600 |
|  |  | 11600 |
|  | **Finland — 3.6%** |  |
| 13107 | Mandatum Oyj (EUR) | 87837 |
| 4973 | Puuilo Oyj (EUR) | 86644 |
|  |  | 174481 |
|  | **France — 1.6%** |  |
| 8621 | Canal+ SA (GBP) | 28406 |
| 883 | Exosens SAS (EUR) | 44785 |
| 2155 | Louis Hachette Group (EUR) | 3904 |
|  |  | 77095 |
|  | **Germany — 12.8%** |  |
| 661 | Aumovio SE (EUR) (f) | 27255 |
| 1436 | Auto1 Group SE (EUR) (f) | 48892 |
| 990 | Dr. Ing hc F Porsche AG <br> (Preference Shares) <br> (EUR) (c) (d) | 47980 |
| 2870 | E.ON SE (EUR) | 53963 |
| 43 | Friedrich Vorwerk Group SE <br> (EUR) | 4135 |
| 376 | Hensoldt AG (EUR) | 48691 |
| 3650 | IONOS Group SE (EUR) (f) | 170341 |
| 266 | Jumia Technologies AG, <br> ADR (f) | 3088 |
| 39 | Pfisterer Holding SE (EUR) (f) | 3292 |
| 217 | RENK Group AG (EUR) | 22321 |
| 1476 | Siemens Energy AG (EUR) (f) | 172285 |
| 432 | Springer Nature AG & Co. <br> KGaA (EUR) | 11767 |
|  |  | 614010 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Greece — 2.5%** |  |
| 2018 | Athens International Airport <br> S.A. (EUR) | $24592 |
| 9618 | Optima bank S.A. (EUR) | 95305 |
|  |  | 119897 |
|  | **Guernsey — 2.7%** |  |
| 5613 | Genius Sports Ltd. (f) | 69489 |
| 4395 | Super Group SGHC Ltd. | 58014 |
|  |  | 127503 |
|  | **Ireland — 1.8%** |  |
| 731 | CRH PLC | 87647 |
|  | **Israel — 0.6%** |  |
| 999 | Pagaya Technologies Ltd., <br> Class A (f) | 29660 |
|  | **Italy — 8.0%** |  |
| 11523 | Banco BPM S.p.A. (EUR) | 172152 |
| 5467 | Lottomatica Group S.p.A. (EUR) | 147113 |
| 2632 | Stevanato Group S.p.A. | 67774 |
|  |  | 387039 |
|  | **Jersey — 0.0%** |  |
| 145 | Coinshares International Ltd. <br> (SEK) | 2172 |
|  | **Luxembourg — 3.5%** |  |
| 141 | Spotify Technology S.A. (f) | 98418 |
| 10864 | Zabka Group S.A. (PLN) (f) | 70092 |
|  |  | 168510 |
|  | **Netherlands — 8.2%** |  |
| 466 | ATAI Life Sciences N.V. (f) | 2465 |
| 1041 | CTP N.V. (EUR) (c) (d) | 23173 |
| 938 | Iveco Group N.V. (EUR) | 20213 |
| 1315 | Merus N.V. (f) | 123807 |
| 245 | Newamsterdam Pharma Co. <br> N.V. (f) | 6968 |
| 4651 | Technip Energies N.V. (EUR) | 218858 |
|  |  | 395484 |
|  | **Norway — 5.6%** |  |
| 1605 | DOF Group ASA (NOK) | 15785 |
| 1358 | Gjensidige Forsikring ASA <br> (NOK) | 39816 |
| 415 | Hoegh Autoliners ASA (NOK) | 4450 |
| 652 | LINK Mobility Group Holding <br> ASA (NOK) (f) | 1937 |
| 139 | NORBIT ASA (NOK) | 2566 |
| 10349 | Norconsult Norge A/S (NOK) | 49258 |
| 3264 | Orkla ASA (NOK) | 34081 |
| 748 | Public Property Invest A/S <br> (NOK) | 1758 |
| 2213 | SATS ASA (NOK) | 8404 |
| 218 | Sentia A/S (NOK) (f) | 1429 |
| 1632 | SpareBank 1 Sor-Norge ASA <br> (NOK) | 29076 |

---

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **Norway (Continued)** |  |
| 3716 | Telenor ASA (NOK) | $61589 |
| 5424 | Var Energi ASA (NOK) | 18099 |
|  |  | 268248 |
|  | **Poland — 0.6%** |  |
| 513 | Diagnostyka S.A., Series D/E/F <br> (PLN) | 26845 |
|  | **South Africa — 2.6%** |  |
| 1729 | Valterra Platinum Ltd. (GBP) | 123242 |
|  | **Spain — 3.8%** |  |
| 32746 | Banco de Sabadell S.A. (EUR) | 126870 |
| 2190 | Cirsa Enterprises S.A. (EUR) (f) | 39879 |
| 706 | Corp ACCIONA Energias <br> Renovables S.A. (EUR) | 18269 |
|  |  | 185018 |
|  | **Sweden — 6.7%** |  |
| 183 | Ambea AB (SEK) (c) (d) | 2642 |
| 170 | Apotea AB (SEK) (f) | 1618 |
| 416 | Asker Healthcare Group AB <br> (SEK) (f) | 3765 |
| 192 | BioArctic AB (SEK) (c) (d) (f) | 6077 |
| 130 | Camurus AB (SEK) (f) | 9404 |
| 109 | Enity Holding AB (SEK) (f) | 1007 |
| 594 | Intea Fastigheter AB (SEK) | 4385 |
| 334 | Medicover AB, Class B (SEK) | 9189 |
| 102 | Mildef Group AB (SEK) | 2202 |
| 5483 | Nordnet AB publ (SEK) | 158997 |
| 3272 | Scandic Hotels Group AB <br> (SEK) (c) (d) | 30897 |
| 435 | Sveafastigheter AB (SEK) (f) | 1871 |
| 2249 | Synsam AB (SEK) | 13760 |
| 4538 | Tele2 AB, Class B (SEK) | 77390 |
|  |  | 323204 |
|  | **Switzerland — 15.8%** |  |
| 1437 | Accelleron Industries AG (CHF) | 120856 |
| 1034 | Galderma Group AG (CHF) | 179640 |
| 37 | Geberit AG (CHF) | 27757 |
| 739 | Holcim AG (CHF) | 62514 |
| 1912 | Sandoz Group AG (CHF) | 113296 |
| 1683 | SMG Swiss Marketplace Group <br> AG (CHF) (c) (d) (f) | 95815 |
| 4889 | Sportradar Group AG, <br> Class A (f) | 131514 |
| 528 | Sunrise Communications AG, <br> Class A (CHF) | 31187 |
|  |  | 762579 |
|  | **United Kingdom — 11.9%** |  |
| 4000 | Aberdeen Group PLC (GBP) | 10625 |
| 880 | AJ Bell PLC (GBP) | 6409 |
| 1381 | ARM Holdings PLC, ADR (f) | 195398 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **United Kingdom (Continued)** |  |
| 2861 | Dowlais Group PLC (GBP) | $3074 |
| 2102 | Endeavour Mining PLC (CAD) | 88297 |
| 8752 | Haleon PLC (GBP) | 39125 |
| 537 | HBX Group International PLC <br> (EUR) (f) | 4533 |
| 2820 | Informa PLC (GBP) | 34801 |
| 5390 | Ithaca Energy PLC (GBP) | 14280 |
| 781 | Klarna Group PLC (f) | 28624 |
| 5225 | M&G PLC (GBP) | 17778 |
| 155 | Marex Group PLC | 5211 |
| 311 | Metlen Energy & Metals PLC <br> (EUR) (f) | 17289 |
| 4422 | Serco Group PLC (GBP) | 14083 |
| 6755 | Wise PLC, Class A (GBP) (f) | 94028 |
|  |  | 573555 |
|  | **United States — 2.8%** |  |
| 4684 | Gen Digital, Inc. | 132979 |
|  | **Total Common Stocks** | 4801528 |
|  | (Cost $3,960,118) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| 6506 | Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - 4.04% (j) | 6506 |
|  | (Cost $6,506) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 0.1%** | **REPURCHASE AGREEMENTS — 0.1%** | **REPURCHASE AGREEMENTS — 0.1%** |
| $983 | Bank of America Corp., <br> 4.20% (j), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $983. Collateralized <br> by U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $1,003. (k) | 983 |
| 1438 | JPMorgan Chase & Co., <br> 4.20% (j), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $1,438. Collateralized <br> by U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $1,467. (k) | 1438 |

---

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** |
| $865 | Mizuho Financial Group, Inc., <br> 4.20% (j), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $865. Collateralized <br> by U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $882. (k) | $865 |
| 1549 | RBC Dominion Securities, Inc., <br> 4.19% (j), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $1,549. Collateralized <br> by U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $1,580. (k) | 1549 |
|  | **Total Repurchase Agreements** | 4835 |
|  | (Cost $4,835) |  |
|  | **Total Investments — 99.9%** | 4812869 |
|  | (Cost $3,971,459) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.1%** | 2459 |
|  | **Net Assets — 100.0%** | $4815328 |

---

&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.

&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) All
 or a portion of this security is on loan (see Note 2E - Securities
 Lending in the Notes to Financial Statements). The remaining
 contractual maturity of all of the securities lending transactions
 is overnight and continuous. The aggregate value
 of such securities is $4,693 and the total value of the collateral
 held by the Fund, including for securities sold and pending
 settlement, is $4,835.

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

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

&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 September 30, 2025, securities noted
 as such are valued at $0 or 0.0% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(i) This
 security's value was determined using significant unobservable
 inputs (see Note 2A - Portfolio Valuation in the Notes
 to Financial Statements).

&nbsp;&nbsp;&nbsp;&nbsp;(j) Rate
 shown reflects yield as of September 30, 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;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| EUR | 37.5% |
| USD | 24.9 |
| CHF | 13.1 |
| GBP | 8.0 |
| SEK | 6.8 |
| NOK | 5.6 |
| CAD | 2.1 |
| PLN | 2.0 |
| Total | 100.0% |

---

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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: |  |  |  |  |
| Cyprus | $11600 | $11600 | $— | $—\*\* |
| Other Country <br> Categories\*<br>| 4789928 | 4789928 |  |  |
| Money Market Funds | 6506 | 6506 |  |  |
| Repurchase Agreements | 4835 |  | 4835 |  |
| Total Investments | $4812869 | $4808034 | $4835 | $—\*\* |

---

&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.

------

**Offsetting Assets and Liabilities**

------

Offsetting assets and liabilities requires entities to disclose both gross and net information about instruments and transactions eligible for offset, and to disclose instruments and transactions subject to master netting or similar agreements (see Note 2C - Offsetting on the Statements of Assets and Liabilities in the Notes to Financial Statements).

The Fund's loaned securities were all subject to an enforceable Securities Lending Agency Agreement. Securities lent in accordance with the Securities Lending Agency Agreement on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Securities Lending Agency Agreement** | **Securities Lending Agency Agreement** |
| Total gross amount presented on the Statements <br> of Assets and Liabilities<sup>(1)</sup> <br>| $4693 |
| Non-cash Collateral<sup>(2)</sup> <br>| (4693)<br>|
| Net Amount | $— |

---

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

<sup>(1)</sup> The amount presented on the Statements of Assets and Liabilities, which is included in "Investments, at value," is not offset and is shown on a gross basis. 

<sup>(2)</sup> At September 30, 2025, the value of the collateral received from each borrower exceeded the value of the related securities loaned. This amount is disclosed on the Portfolio of Investments. 

The Fund's investments in repurchase agreements were all subject to an enforceable Master Repurchase Agreement. Repurchase Agreements on a gross basis were as follows:

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

---

| | |
|:---|:---|
| **Repurchase Agreements** | **Repurchase Agreements** |
| Total gross amount presented on the Statements <br>of Assets and Liabilities<br>| $4835 |
| Non-cash Collateral<sup>(3)</sup> <br>| (4835)<br>|
| Net Amount | $— |

---

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

<sup>(3)</sup> At September 30, 2025, the value of the collateral received from each seller exceeded the value of the repurchase agreements.

See Notes to Financial Statements

------

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

**Portfolio of Investments**

**September 30, 2025**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 96.9%** | **COMMON STOCKS (a) (b) — 96.9%** | **COMMON STOCKS (a) (b) — 96.9%** |
|  | **Australia — 2.2%** |  |
| 13780 | CAR Group Ltd. (AUD) | $335368 |
| 1848 | REA Group Ltd. (AUD) | 282545 |
| 7743 | WiseTech Global Ltd. (AUD) | 462399 |
|  |  | 1080312 |
|  | **Canada — 10.5%** |  |
| 3074 | Descartes Systems Group (The), <br> Inc. (CAD) (c) | 289442 |
| 32322 | Shopify, Inc., Class A (CAD) (c) | 4801967 |
|  |  | 5091409 |
|  | **Cayman Islands — 50.3%** |  |
| 251223 | Alibaba Group Holding Ltd. <br> (HKD) | 5714053 |
| 81239 | Baidu, Inc., Class A (HKD) (c) | 1390530 |
| 2183 | Futu Holdings Ltd., ADR | 379646 |
| 37600 | JD Health International, Inc. <br> (HKD) (c) (d) (e) | 321308 |
| 106001 | JD.com, Inc., Class A (HKD) | 1886563 |
| 102454 | Kuaishou Technology <br> (HKD) (d) (e) | 1113809 |
| 158735 | Meituan, Class B <br> (HKD) (c) (d) (e) | 2131575 |
| 63318 | NetEase, Inc. (HKD) | 1926728 |
| 16956 | PDD Holdings, Inc., ADR (c) | 2241075 |
| 10736 | Sea Ltd., ADR (c) | 1918845 |
| 56628 | Tencent Holdings Ltd. (HKD) | 4824544 |
| 18127 | Tencent Music Entertainment <br> Group, ADR | 423084 |
| 7949 | Vipshop Holdings Ltd., ADR | 156118 |
|  |  | 24427878 |
|  | **Germany — 1.6%** |  |
| 7846 | Delivery Hero SE <br> (EUR) (c) (d) (e) | 224856 |
| 2731 | Scout24 SE (EUR) (d) (e) | 341796 |
| 7647 | Zalando SE (EUR) (c) (d) (e) | 233517 |
|  |  | 800169 |
|  | **Isle Of Man — 0.6%** |  |
| 23486 | Entain PLC (GBP) | 276001 |
|  | **Israel — 0.7%** |  |
| 2042 | Wix.com Ltd. (c) | 362720 |
|  | **Japan — 2.0%** |  |
| 87576 | LY Corp. (JPY) | 281941 |
| 14682 | Nexon Co., Ltd. (JPY) | 322362 |
| 55573 | Rakuten Group, Inc. (JPY) (c) | 360716 |
|  |  | 965019 |
|  | **Luxembourg — 7.4%** |  |
| 26235 | Allegro.eu S.A. (PLN) (c) (d) (e) | 256926 |
| 4815 | Spotify Technology S.A. (c) | 3360870 |
|  |  | 3617796 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Netherlands — 9.1%** |  |
| 1294 | Adyen N.V. (EUR) (c) (d) (e) | $2073742 |
| 33056 | Prosus N.V. (EUR) | 2326242 |
|  |  | 4399984 |
|  | **New Zealand — 1.3%** |  |
| 6073 | Xero Ltd. (AUD) (c) | 632914 |
|  | **South Africa — 4.7%** |  |
| 6243 | Naspers Ltd., Class N (ZAR) | 2261029 |
|  | **South Korea — 3.5%** |  |
| 10836 | Kakao Corp. (KRW) | 460301 |
| 1077 | Krafton, Inc. (KRW) (c) | 224527 |
| 5239 | NAVER Corp. (KRW) | 1002581 |
|  |  | 1687409 |
|  | **Switzerland — 0.6%** |  |
| 387 | Swissquote Group Holding S.A. <br> (CHF) | 270057 |
|  | **Taiwan — 0.5%** |  |
| 9182 | International Games System Co., <br> Ltd. (TWD) | 237097 |
|  | **United Kingdom — 1.9%** |  |
| 31551 | Auto Trader Group PLC <br> (GBP) (d) (e) | 334456 |
| 25639 | Rightmove PLC (GBP) | 244339 |
| 25556 | Wise PLC, Class A (GBP) (c) | 355732 |
|  |  | 934527 |
|  | **Total Common Stocks** | 47044321 |
|  | (Cost $38,962,653) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| 25340 | Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (f) | 25340 |
|  | (Cost $25,340) |  |
|  | **Total Investments — 97.0%** | 47069661 |
|  | (Cost $38,987,993) |  |
|  | **Net Other Assets and** <br> **Liabilities — 3.0%** | 1456338 |
|  | **Net Assets — 100.0%** | $48525999 |

---

&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.

&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.

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

&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 September 30, 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;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| HKD | 41.0% |
| USD | 18.8 |
| EUR | 11.1 |
| CAD | 10.8 |
| ZAR | 4.8 |
| AUD | 3.6 |
| KRW | 3.6 |
| GBP | 2.6 |
| JPY | 2.1 |
| CHF | 0.6 |
| PLN | 0.5 |
| TWD | 0.5 |
| Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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\* | $47044321 | $47044321 | $— | $— |
| Money Market Funds | 25340 | 25340 |  |  |
| Total Investments | $47069661 | $47069661 | $— | $— |

---

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

\* See Portfolio of Investments for country breakout.

See Notes to Financial Statements

------

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

**Portfolio of Investments**

**September 30, 2025**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) — 100.1%** | **COMMON STOCKS (a) (b) — 100.1%** | **COMMON STOCKS (a) (b) — 100.1%** |
|  | **Bermuda — 1.6%** |  |
| 597 | Credicorp Ltd. | $158969 |
|  | **Brazil — 12.7%** |  |
| 23085 | Ambev S.A. (BRL) | 52440 |
| 28321 | B3 S.A. - Brasil Bolsa Balcao <br> (BRL) | 71305 |
| 34085 | Banco Bradesco S.A. (Preference <br> Shares) (BRL) | 113291 |
| 10966 | Banco do Brasil S.A. (BRL) | 45514 |
| 19642 | Banco Santander Brasil S.A. <br> (BRL) | 108502 |
| 7329 | Centrais Eletricas Brasileiras <br> S.A. (BRL) | 72322 |
| 30163 | Itau Unibanco Holding S.A. <br> (Preference Shares) (BRL) | 221423 |
| 32189 | Itausa S.A. (Preference Shares) <br> (BRL) | 69371 |
| 44537 | Petroleo Brasileiro S.A. - <br> Petrobras (Preference Shares) <br> (BRL) | 263260 |
| 15181 | Vale S.A. (BRL) | 164239 |
| 10383 | WEG S.A. (BRL) | 71382 |
|  |  | 1253049 |
|  | **Hungary — 2.5%** |  |
| 2830 | OTP Bank Nyrt (HUF) | 244421 |
|  | **India — 11.5%** |  |
| 836 | Adani Ports & Special Economic <br> Zone Ltd. (INR) | 13215 |
| 474 | Asian Paints Ltd. (INR) | 12546 |
| 253 | Avenue Supermarts Ltd. <br> (INR) (c) (d) (e) | 12752 |
| 3036 | Axis Bank Ltd. (INR) | 38693 |
| 117 | Bajaj Auto Ltd. (INR) | 11436 |
| 2634 | Bajaj Finance Ltd. (INR) | 29633 |
| 557 | Bajaj Finserv Ltd. (INR) | 12587 |
| 3804 | Bharat Electronics Ltd. (INR) | 17307 |
| 2500 | Bharti Airtel Ltd. (INR) | 52890 |
| 588 | Cipla Ltd. (INR) | 9956 |
| 7687 | Eternal Ltd. (INR) (d) | 28181 |
| 366 | Grasim Industries Ltd. (INR) | 11364 |
| 1005 | HCL Technologies Ltd. (INR) | 15678 |
| 15143 | HDFC Bank Ltd. (INR) | 162194 |
| 1423 | Hindalco Industries Ltd. (INR) | 12212 |
| 838 | Hindustan Unilever Ltd. (INR) | 23731 |
| 7102 | ICICI Bank Ltd. (INR) | 107823 |
| 3323 | Infosys Ltd. (INR) | 53961 |
| 186 | InterGlobe Aviation Ltd. <br> (INR) (c) (e) | 11720 |
| 7464 | ITC Ltd. (INR) | 33756 |
| 914 | JSW Steel Ltd. (INR) | 11763 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **India (Continued)** |  |
| 1426 | Kotak Mahindra Bank Ltd. <br> (INR) | $32004 |
| 1040 | Larsen & Toubro Ltd. (INR) | 42859 |
| 913 | Mahindra & Mahindra Ltd. <br> (INR) | 35239 |
| 131 | Maruti Suzuki India Ltd. (INR) | 23649 |
| 4485 | NTPC Ltd. (INR) | 17197 |
| 4697 | Power Grid Corp. of India Ltd. <br> (INR) | 14825 |
| 6400 | Reliance Industries Ltd. (INR) | 98319 |
| 29 | Shree Cement Ltd. (INR) | 9558 |
| 1382 | Shriram Finance Ltd. (INR) | 9590 |
| 3288 | State Bank of India (INR) | 32308 |
| 1104 | Sun Pharmaceutical Industries <br> Ltd. (INR) | 19824 |
| 920 | Tata Consultancy Services Ltd. <br> (INR) | 29929 |
| 2150 | Tata Motors Ltd. (INR) | 16471 |
| 7919 | Tata Steel Ltd. (INR) | 15052 |
| 579 | Tech Mahindra Ltd. (INR) | 9131 |
| 389 | Titan Co., Ltd. (INR) | 14751 |
| 217 | Trent Ltd. (INR) | 11432 |
| 123 | UltraTech Cement Ltd. (INR) | 16931 |
|  |  | 1132467 |
|  | **Mexico — 15.4%** |  |
| 280095 | America Movil S.A.B. de C.V., <br> Series B (MXN) | 293195 |
| 21205 | Fomento Economico Mexicano <br> S.A.B. de C.V., Series UBD <br> (MXN) | 209103 |
| 29088 | Grupo Financiero Banorte <br> S.A.B. de C.V., Class O <br> (MXN) | 293016 |
| 63479 | Grupo Mexico S.A.B. de C.V., <br> Series B (MXN) | 553628 |
| 51796 | Wal-Mart de Mexico S.A.B. de <br> C.V. (MXN) | 159997 |
|  |  | 1508939 |
|  | **Poland — 5.8%** |  |
| 2944 | Bank Polska Kasa Opieki S.A. <br> (PLN) | 141504 |
| 8155 | ORLEN S.A. (PLN) | 194123 |
| 12024 | Powszechna Kasa Oszczednosci <br> Bank Polski S.A. (PLN) | 233159 |
|  |  | 568786 |
|  | **South Africa — 13.7%** |  |
| 661 | Capitec Bank Holdings Ltd. <br> (ZAR) | 132966 |
| 41469 | FirstRand Ltd. (ZAR) | 186479 |
| 6987 | Gold Fields Ltd. (ZAR) | 294971 |
| 13771 | MTN Group Ltd. (ZAR) | 115622 |

---

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **South Africa (Continued)** |  |
| 1323 | Naspers Ltd., Class N (ZAR) | $479151 |
| 10259 | Standard Bank Group Ltd. <br> (ZAR) | 140424 |
|  |  | 1349613 |
|  | **South Korea — 17.3%** |  |
| 95 | Alteogen, Inc. (KRW) (d) | 31011 |
| 349 | Celltrion, Inc. (KRW) | 43132 |
| 644 | Hana Financial Group, Inc. <br> (KRW) | 40025 |
| 69 | Hanwha Aerospace Co., Ltd. <br> (KRW) | 54440 |
| 133 | Hyundai Mobis Co., Ltd. (KRW) | 28296 |
| 425 | Hyundai Motor Co. (KRW) | 65126 |
| 838 | KB Financial Group, Inc. <br> (KRW) | 68985 |
| 536 | Kia Corp. (KRW) | 38470 |
| 330 | NAVER Corp. (KRW) | 63152 |
| 169 | POSCO Holdings, Inc. (KRW) | 33245 |
| 34 | Samsung Biologics Co., Ltd. <br> (KRW) (c) (d) (e) | 24160 |
| 14297 | Samsung Electronics Co., Ltd. <br> (KRW) | 854936 |
| 1079 | Shinhan Financial Group Co., <br> Ltd. (KRW) | 54448 |
| 1236 | SK Hynix, Inc. (KRW) | 306126 |
|  |  | 1705552 |
|  | **Taiwan — 16.7%** |  |
| 4276 | ASE Technology Holding Co., <br> Ltd. (TWD) | 23009 |
| 868 | Asustek Computer, Inc. (TWD) | 19110 |
| 11282 | Cathay Financial Holding Co., <br> Ltd. (TWD) | 24283 |
| 5549 | Chunghwa Telecom Co., Ltd. <br> (TWD) | 24306 |
| 22397 | CTBC Financial Holding Co., <br> Ltd. (TWD) | 31525 |
| 2416 | Delta Electronics, Inc. (TWD) | 67697 |
| 18660 | E.Sun Financial Holding Co., <br> Ltd. (TWD) | 20418 |
| 2298 | Evergreen Marine Corp. Taiwan <br> Ltd. (TWD) | 13496 |
| 15067 | First Financial Holding Co., Ltd. <br> (TWD) | 14757 |
| 10202 | Fubon Financial Holding Co., <br> Ltd. (TWD) | 29557 |
| 15388 | Hon Hai Precision Industry Co., <br> Ltd. (TWD) | 109056 |
| 1811 | MediaTek, Inc. (TWD) | 78137 |
| 14887 | Mega Financial Holding Co., <br> Ltd. (TWD) | 20759 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Taiwan (Continued)** |  |
| 728 | Novatek Microelectronics Corp. <br> (TWD) | $10187 |
| 3486 | Quanta Computer, Inc. (TWD) | 33170 |
| 24866 | Taiwan Semiconductor <br> Manufacturing Co., Ltd. <br> (TWD) | 1064707 |
| 5970 | Uni-President Enterprises Corp. <br> (TWD) | 15357 |
| 15191 | United Microelectronics Corp. <br> (TWD) | 22703 |
| 16623 | Yuanta Financial Holding Co., <br> Ltd. (TWD) | 19008 |
|  |  | 1641242 |
|  | **United Kingdom — 2.9%** |  |
| 4000 | Anglogold Ashanti PLC (ZAR) | 281072 |
|  | **Total Common Stocks** | 9844110 |
|  | (Cost $7,125,345) |  |
| **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** |
| 22881 | Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (f) | 22881 |
|  | (Cost $22,881) |  |
|  | **Total Investments — 100.3%** | 9866991 |
|  | (Cost $7,148,226) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.3)%** | (28701)<br>|
|  | **Net Assets — 100.0%** | $9838290 |

---

&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.

&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) Rate
 shown reflects yield as of September 30, 2025.

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

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | |
|:---|:---|
| 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;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| KRW | 17.3% |
| TWD | 16.6 |
| ZAR | 16.5 |
| MXN | 15.3 |
| BRL | 12.7 |
| INR | 11.5 |
| PLN | 5.8 |
| HUF | 2.5 |
| USD | 1.8 |
| Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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\* | $9844110 | $9844110 | $— | $— |
| Money Market Funds | 22881 | 22881 |  |  |
| Total Investments | $9866991 | $9866991 | $— | $— |

---

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

\* See Portfolio of Investments for country breakout.

See Notes to Financial Statements

------

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

**Portfolio of Investments**

**September 30, 2025**

&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%** |
|  | **Brazil — 13.6%** |  |
| 251126 | B3 S.A. - Brasil Bolsa Balcao <br> (BRL) | $632268 |
| 30291 | BB Seguridade Participacoes <br> S.A. (BRL) | 189295 |
| 49540 | Cia de Saneamento Basico do <br> Estado de Sao Paulo SABESP <br> (BRL) | 1230251 |
| 262479 | Cia Energetica de Minas Gerais <br> (Preference Shares) (BRL) | 549888 |
| 267452 | Itau Unibanco Holding S.A. <br> (Preference Shares) (BRL) | 1963333 |
| 285423 | Itausa S.A. (Preference Shares) <br> (BRL) | 615116 |
| 83987 | PRIO S.A. (BRL) (c) | 601705 |
| 201283 | WEG S.A. (BRL) | 1383803 |
|  |  | 7165659 |
|  | **Cayman Islands — 0.2%** |  |
| 914 | Alchip Technologies Ltd. <br> (TWD) | 103911 |
|  | **Chile — 1.0%** |  |
| 2009878 | Banco de Chile (CLP) | 305193 |
| 2874491 | Banco Santander Chile (CLP) | 190391 |
|  |  | 495584 |
|  | **Colombia — 0.8%** |  |
| 32711 | Grupo Cibest S.A. (Preference <br> Shares) (COP) | 426028 |
|  | **Czech Republic — 2.4%** |  |
| 17453 | CEZ A/S (CZK) | 1083311 |
| 3502 | Komercni Banka A/S (CZK) | 175483 |
|  |  | 1258794 |
|  | **Greece — 1.9%** |  |
| 113061 | Eurobank Ergasias Services and <br> Holdings S.A. (EUR) | 435651 |
| 38936 | National Bank of Greece S.A. <br> (EUR) | 565241 |
|  |  | 1000892 |
|  | **Mexico — 8.3%** |  |
| 40564 | Arca Continental S.A.B. de C.V. <br> (MXN) | 425320 |
| 54098 | Coca-Cola Femsa S.A.B. de <br> C.V. (MXN) | 448860 |
| 13979 | Grupo Aeroportuario del Sureste <br> S.A.B. de C.V., Class B <br> (MXN) | 451433 |
| 134002 | Grupo Financiero Banorte <br> S.A.B. de C.V., Class O <br> (MXN) | 1349861 |
| 555430 | Wal-Mart de Mexico S.A.B. de <br> C.V. (MXN) | 1715711 |
|  |  | 4391185 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Philippines — 2.7%** |  |
| 128170 | Bank of the Philippine Islands <br> (PHP) | $253257 |
| 122598 | BDO Unibank, Inc. (PHP) | 279953 |
| 112160 | International Container Terminal <br> Services, Inc. (PHP) | 908843 |
|  |  | 1442053 |
|  | **Poland — 7.0%** |  |
| 9758 | Bank Polska Kasa Opieki S.A. <br> (PLN) | 469020 |
| 51726 | Dino Polska S.A. <br> (PLN) (c) (d) (e) | 622622 |
| 14756 | KGHM Polska Miedz S.A. <br> (PLN) (c) | 649570 |
| 113 | LPP S.A. (PLN) | 549665 |
| 39855 | Powszechna Kasa Oszczednosci <br> Bank Polski S.A. (PLN) | 772834 |
| 26411 | Powszechny Zaklad <br> Ubezpieczen S.A. (PLN) | 395004 |
| 1794 | Santander Bank Polska S.A. <br> (PLN) | 233366 |
|  |  | 3692081 |
|  | **South Africa — 17.3%** |  |
| 36464 | Absa Group Ltd. (ZAR) | 382355 |
| 3731 | Capitec Bank Holdings Ltd. <br> (ZAR) | 750521 |
| 24078 | Clicks Group Ltd. (ZAR) | 491375 |
| 233950 | FirstRand Ltd. (ZAR) | 1052030 |
| 72205 | Gold Fields Ltd. (ZAR) | 3048289 |
| 96510 | Impala Platinum Holdings Ltd. <br> (ZAR) | 1232500 |
| 21903 | Nedbank Group Ltd. (ZAR) | 270775 |
| 58546 | OUTsurance Group Ltd. (ZAR) | 243066 |
| 76655 | Sanlam Ltd. (ZAR) | 371024 |
| 57875 | Standard Bank Group Ltd. <br> (ZAR) | 792187 |
| 63918 | Vodacom Group Ltd. (ZAR) | 493320 |
|  |  | 9127442 |
|  | **South Korea — 23.7%** |  |
| 2837 | Celltrion, Inc. (KRW) | 350619 |
| 5241 | Hana Financial Group, Inc. <br> (KRW) | 325730 |
| 558 | Hanwha Aerospace Co., Ltd. <br> (KRW) | 440259 |
| 403 | HD Hyundai Electric Co., Ltd. <br> (KRW) | 167169 |
| 862 | HD Korea Shipbuilding & <br> Offshore Engineering Co., <br> Ltd. (KRW) | 252508 |
| 1085 | Hyundai Mobis Co., Ltd. (KRW) | 230835 |
| 5827 | Kakao Corp. (KRW) | 247524 |
| 6816 | KB Financial Group, Inc. <br> (KRW) | 561098 |

---

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** | **COMMON STOCKS (a) (b) (Continued)** |
|  | **South Korea (Continued)** |  |
| 4360 | Kia Corp. (KRW) | $312927 |
| 651 | Krafton, Inc. (KRW) (c) | 135717 |
| 2681 | NAVER Corp. (KRW) | 513060 |
| 274 | Samsung Biologics Co., Ltd. <br> (KRW) (c) (d) (e) | 194703 |
| 1007 | Samsung Electro-Mechanics Co., <br> Ltd. (KRW) | 138879 |
| 81198 | Samsung Electronics Co., Ltd. <br> (KRW) | 4855502 |
| 654 | Samsung Fire & Marine <br> Insurance Co., Ltd. (KRW) | 210457 |
| 1427 | Samsung Life Insurance Co., <br> Ltd. (KRW) | 159273 |
| 8781 | Shinhan Financial Group Co., <br> Ltd. (KRW) | 443102 |
| 10059 | SK Hynix, Inc. (KRW) | 2491360 |
| 1627 | SK Square Co., Ltd. (KRW) (c) | 233663 |
| 12453 | Woori Financial Group, Inc. <br> (KRW) | 230323 |
|  |  | 12494708 |
|  | **Taiwan — 20.8%** |  |
| 6087 | Accton Technology Corp. <br> (TWD) | 208705 |
| 5758 | Advantech Co., Ltd. (TWD) | 60267 |
| 3441 | Asia Vital Components Co., Ltd. <br> (TWD) | 110756 |
| 8339 | Asustek Computer, Inc. (TWD) | 183590 |
| 108351 | Cathay Financial Holding Co., <br> Ltd. (TWD) | 233212 |
| 92759 | Chang Hwa Commercial Bank <br> Ltd. (TWD) | 59804 |
| 51780 | Compal Electronics, Inc. (TWD) | 55045 |
| 215088 | CTBC Financial Holding Co., <br> Ltd. (TWD) | 302752 |
| 23204 | Delta Electronics, Inc. (TWD) | 650181 |
| 9681 | E Ink Holdings, Inc. (TWD) | 76392 |
| 179206 | E.Sun Financial Holding Co., <br> Ltd. (TWD) | 196093 |
| 841 | eMemory Technology, Inc. <br> (TWD) | 55601 |
| 50258 | Eva Airways Corp. (TWD) | 62827 |
| 144702 | First Financial Holding Co., Ltd. <br> (TWD) | 141720 |
| 97980 | Fubon Financial Holding Co., <br> Ltd. (TWD) | 283865 |
| 6609 | Gigabyte Technology Co., Ltd. <br> (TWD) | 64837 |
| 124138 | Hua Nan Financial Holdings Co., <br> Ltd. (TWD) | 120562 |
| 3160 | International Games System Co., <br> Ltd. (TWD) | 81597 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Taiwan (Continued)** |  |
| 205965 | KGI Financial Holding Co., Ltd. <br> (TWD) | $101030 |
| 986 | Largan Precision Co., Ltd. <br> (TWD) | 76025 |
| 27196 | Lite-On Technology Corp. <br> (TWD) | 153924 |
| 17389 | MediaTek, Inc. (TWD) | 750264 |
| 142966 | Mega Financial Holding Co., <br> Ltd. (TWD) | 199359 |
| 6989 | Novatek Microelectronics Corp. <br> (TWD) | 97802 |
| 23206 | Pegatron Corp. (TWD) | 53907 |
| 3652 | PharmaEssentia Corp. (TWD) | 61709 |
| 33480 | Quanta Computer, Inc. (TWD) | 318564 |
| 5784 | Realtek Semiconductor Corp. <br> (TWD) | 104377 |
| 46315 | Shanghai Commercial & Savings <br> Bank (The) Ltd. (TWD) | 63900 |
| 141166 | SinoPac Financial Holdings Co., <br> Ltd. (TWD) | 115793 |
| 132790 | Taiwan Cooperative Financial <br> Holding Co., Ltd. (TWD) | 107398 |
| 116149 | Taiwan Semiconductor <br> Manufacturing Co., Ltd. <br> (TWD) | 4973241 |
| 147857 | TS Financial Holding Co., Ltd. <br> (TWD) | 87323 |
| 145888 | United Microelectronics Corp. <br> (TWD) | 218033 |
| 34024 | Wistron Corp. (TWD) | 156847 |
| 1186 | Wiwynn Corp. (TWD) | 128998 |
| 29365 | Yang Ming Marine Transport <br> Corp. (TWD) | 51065 |
| 159642 | Yuanta Financial Holding Co., <br> Ltd. (TWD) | 182542 |
|  |  | 10949907 |
|  | **Total Common Stocks** | 52548244 |
|  | (Cost $39,013,457) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| 23346 | Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (f) | 23346 |
|  | (Cost $23,346) |  |
|  | **Total Investments — 99.8%** | 52571590 |
|  | (Cost $39,036,803) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.2%** | 117512 |
|  | **Net Assets — 100.0%** | $52689102 |

---

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

See Notes to Financial Statements

------

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

**Portfolio of Investments (Continued)**

**September 30, 2025**

&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.

&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 September 30, 2025.

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

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| BRL | – Brazilian Real |
| CLP | – Chilean Peso |
| COP | – Colombian Peso |
| CZK | – Czech Koruna |
| 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;

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| KRW | 23.8% |
| TWD | 21.0 |
| ZAR | 17.4 |
| BRL | 13.6 |
| MXN | 8.4 |
| PLN | 7.0 |
| PHP | 2.7 |
| CZK | 2.4 |
| EUR | 1.9 |
| CLP | 0.9 |
| COP | 0.8 |
| USD | 0.1 |
| Total | 100.0% |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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\* | $52548244 | $52548244 | $— | $— |
| Money Market Funds | 23346 | 23346 |  |  |
| Total Investments | $52571590 | $52571590 | $— | $— |

---

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

\* See Portfolio of Investments for country breakout.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Statements of Assets and Liabilities**

**September 30, 2025**

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

---

| | | | |
|:---|:---|:---|:---|
|  | **First Trust** <br> **STOXX**<sup>®</sup> <br> **European Select** <br> **Dividend Index** <br> **Fund** <br>**(FDD)** <br>| **First Trust** <br> **Alerian** <br> **Disruptive** <br> **Technology Real** <br> **Estate ETF** <br>**(DTRE)** <br>| **First Trust Dow** <br> **Jones Global** <br> **Select Dividend** <br> **Index Fund** <br>**(FGD)** <br>|
| **ASSETS:** |  |  |  |
| Investments, at value | $658810385 | &nbsp;&nbsp; $15443891 | &nbsp;&nbsp; $888730063 |
| Repurchase agreements, at value |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total investments, at value | 658810385 | &nbsp;&nbsp; 15443891 | &nbsp;&nbsp; 888730063 |
| Cash |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Foreign currency, at value | 656430 | &nbsp;&nbsp; 81 | &nbsp;&nbsp; 51857 |
| Due from authorized participant |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Receivables: |  |  |  |
| Investment securities sold | 13173300 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Reclaims | 2043311 | &nbsp;&nbsp; 13405 | &nbsp;&nbsp; 2484673 |
| Dividends | 756407 | &nbsp;&nbsp; 87392 | &nbsp;&nbsp; 3693453 |
| Capital shares sold |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 10032332 |
| Securities lending income |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Prepaid expenses | 1730 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1730 |
| Total Assets | 675441563 | &nbsp;&nbsp; 15544769 | &nbsp;&nbsp; 904994108 |
| **LIABILITIES:** |  |  |  |
| Due to custodian foreign currency |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Due to authorized participant | 357486 | &nbsp;&nbsp; — | &nbsp;&nbsp; 525049 |
| Payables: |  |  |  |
| Capital shares redeemed | 12875652 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Investment advisory fees | 222626 | &nbsp;&nbsp; 7684 | &nbsp;&nbsp; 292178 |
| Licensing fees | 161414 | &nbsp;&nbsp; — | &nbsp;&nbsp; 137178 |
| Audit and tax fees | 41275 | &nbsp;&nbsp; — | &nbsp;&nbsp; 46447 |
| Shareholder reporting fees | 13290 | &nbsp;&nbsp; — | &nbsp;&nbsp; 22225 |
| Trustees' fees | 77 | &nbsp;&nbsp; — | &nbsp;&nbsp; 386 |
| Investment securities purchased |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 9457467 |
| Deferred foreign capital gains tax |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Collateral for securities on loan |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Other liabilities | 276294 | &nbsp;&nbsp; — | &nbsp;&nbsp; 475484 |
| Total Liabilities | 13948114 | &nbsp;&nbsp; 7684 | &nbsp;&nbsp; 10956414 |
| **NET ASSETS** | $661493449 | &nbsp;&nbsp; $15537085 | &nbsp;&nbsp; $894037694 |
| **NET ASSETS consist of:** |  |  |  |
| Paid-in capital | $660606426 | &nbsp;&nbsp; $23427589 | &nbsp;&nbsp; $985369201 |
| Par value | 410533 | &nbsp;&nbsp; 3916 | &nbsp;&nbsp; 312000 |
| Accumulated distributable earnings (loss) | 476490 | &nbsp;&nbsp; (7894420)<br>| &nbsp;&nbsp; (91643507)<br>|
| **NET ASSETS** | $661493449 | &nbsp;&nbsp; $15537085 | &nbsp;&nbsp; $894037694 |
| **NET ASSET VALUE,** per share | $16.11 | &nbsp;&nbsp; $39.68 | &nbsp;&nbsp; $28.66 |
| Number of shares outstanding (unlimited number of shares authorized, <br> par value $0.01 per share)<br>| 41053334 | &nbsp;&nbsp; 391608 | &nbsp;&nbsp; 31200002 |
| Investments, at cost | $572460673 | &nbsp;&nbsp; $15457153 | &nbsp;&nbsp; $741428621 |
| Repurchase agreements, at cost | $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Total investments, at cost | $572460673 | &nbsp;&nbsp; $15457153 | &nbsp;&nbsp; $741428621 |
| Foreign currency, at cost (proceeds) | $658124 | &nbsp;&nbsp; $75 | &nbsp;&nbsp; $51838 |
| Securities on loan, at value | $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **First Trust Global** <br> **Wind Energy ETF** <br>**(FAN)** <br>| **First Trust Alerian** <br> **U.S. NextGen** <br> **Infrastructure ETF** <br>**(RBLD)** <br>| **First Trust NASDAQ**<sup>®</sup> <br> **Clean Edge**<sup>®</sup> **Smart** <br> **Grid Infrastructure** <br> **Index Fund** <br>**(GRID)** <br>| **First Trust Indxx** <br> **Global Natural** <br> **Resources Income** <br> **ETF** <br>**(FTRI)** <br>| **First Trust Indxx** <br> **Global Agriculture** <br> **ETF** <br>**(FTAG)** <br>|
| $182802412 | &nbsp;&nbsp; $15102882 | &nbsp;&nbsp; $3888525247 | &nbsp;&nbsp; $105564527 | &nbsp;&nbsp; $6250420 |
| 25626286 | &nbsp;&nbsp; 43 | &nbsp;&nbsp; 14563042 | &nbsp;&nbsp; 899049 | &nbsp;&nbsp; — |
| 208428698 | &nbsp;&nbsp; 15102925 | &nbsp;&nbsp; 3903088289 | &nbsp;&nbsp; 106463576 | &nbsp;&nbsp; 6250420 |
| 93697 | &nbsp;&nbsp; — | &nbsp;&nbsp; 477464 | &nbsp;&nbsp; 6355 | &nbsp;&nbsp; 1087 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; 5433176 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 33486 | &nbsp;&nbsp; — |
| 202684 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1999124 | &nbsp;&nbsp; 24799 | &nbsp;&nbsp; 21043 |
| 110399 | &nbsp;&nbsp; 9030 | &nbsp;&nbsp; 2152397 | &nbsp;&nbsp; 279627 | &nbsp;&nbsp; 3277 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; 22471571 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 20816 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 20429 | &nbsp;&nbsp; 1322 | &nbsp;&nbsp; — |
| 1730 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1019 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 208858024 | &nbsp;&nbsp; 15111958 | &nbsp;&nbsp; 3935643469 | &nbsp;&nbsp; 106809165 | &nbsp;&nbsp; 6275827 |
| 77558 | &nbsp;&nbsp; 7920 | &nbsp;&nbsp; 1151795 | &nbsp;&nbsp; 60244 | &nbsp;&nbsp; 3652 |
| 46217 | &nbsp;&nbsp; — | &nbsp;&nbsp; 707740 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 52383 | &nbsp;&nbsp; — | &nbsp;&nbsp; 40703 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 18459 | &nbsp;&nbsp; — | &nbsp;&nbsp; 56520 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 157 | &nbsp;&nbsp; — | &nbsp;&nbsp; 430 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 417781 | &nbsp;&nbsp; — | &nbsp;&nbsp; 29429563 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 57149 | &nbsp;&nbsp; 70271 |
| 25626286 | &nbsp;&nbsp; 43 | &nbsp;&nbsp; 14563042 | &nbsp;&nbsp; 899049 | &nbsp;&nbsp; — |
| 44975 | &nbsp;&nbsp; — | &nbsp;&nbsp; 467322 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 26283816 | &nbsp;&nbsp; 7963 | &nbsp;&nbsp; 46417115 | &nbsp;&nbsp; 1016442 | &nbsp;&nbsp; 73923 |
| $182574208 | &nbsp;&nbsp; $15103995 | &nbsp;&nbsp; $3889226354 | &nbsp;&nbsp; $105792723 | &nbsp;&nbsp; $6201904 |
| $285418576 | &nbsp;&nbsp; $19722387 | &nbsp;&nbsp; $3300960010 | &nbsp;&nbsp; $202321212 | &nbsp;&nbsp; $29155748 |
| 95000 | &nbsp;&nbsp; 2000 | &nbsp;&nbsp; 258000 | &nbsp;&nbsp; 69500 | &nbsp;&nbsp; 2399 |
| (102939368)<br>| &nbsp;&nbsp; (4620392)<br>| &nbsp;&nbsp; 588008344 | &nbsp;&nbsp; (96597989)<br>| &nbsp;&nbsp; (22956243)<br>|
| $182574208 | &nbsp;&nbsp; $15103995 | &nbsp;&nbsp; $3889226354 | &nbsp;&nbsp; $105792723 | &nbsp;&nbsp; $6201904 |
| $19.22 | &nbsp;&nbsp; $75.52 | &nbsp;&nbsp; $150.75 | &nbsp;&nbsp; $15.22 | &nbsp;&nbsp; $25.85 |
| 9500002 | &nbsp;&nbsp; 200002 | &nbsp;&nbsp; 25800002 | &nbsp;&nbsp; 6950002 | &nbsp;&nbsp; 239928 |
| $189249126 | &nbsp;&nbsp; $11415688 | &nbsp;&nbsp; $3123503517 | &nbsp;&nbsp; $97113453 | &nbsp;&nbsp; $7348218 |
| $25626286 | &nbsp;&nbsp; $43 | &nbsp;&nbsp; $14563042 | &nbsp;&nbsp; $899049 | &nbsp;&nbsp; $— |
| $214875412 | &nbsp;&nbsp; $11415731 | &nbsp;&nbsp; $3138066559 | &nbsp;&nbsp; $98012502 | &nbsp;&nbsp; $7348218 |
| $93695 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $477350 | &nbsp;&nbsp; $6359 | &nbsp;&nbsp; $1088 |
| $20948144 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $13825528 | &nbsp;&nbsp; $842515 | &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Statements of Assets and Liabilities (Continued)**

**September 30, 2025**

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

---

| | | | |
|:---|:---|:---|:---|
|  | **First Trust** <br> **Indxx NextG** <br> **ETF** <br>**(NXTG)** <br>| **First Trust** <br> **S-Network** <br> **Future Vehicles** <br> **& Technology** <br> **ETF** <br>**(CARZ)** <br>| **First Trust** <br> **Cloud** <br> **Computing ETF** <br>**(SKYY)** <br>|
| **ASSETS:** |  |  |  |
| Investments, at value | $409235688 | &nbsp;&nbsp; $32668087 | &nbsp;&nbsp; $3215607268 |
| Repurchase agreements, at value | 12749278 | &nbsp;&nbsp; 1701253 | &nbsp;&nbsp; 46973 |
| Total investments, at value | 421984966 | &nbsp;&nbsp; 34369340 | &nbsp;&nbsp; 3215654241 |
| Cash |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 19605 |
| Foreign currency, at value | 17945 | &nbsp;&nbsp; 27 | &nbsp;&nbsp; — |
| Due from authorized participant |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Receivables: |  |  |  |
| Investment securities sold | 17453 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Reclaims | 236883 | &nbsp;&nbsp; 11896 | &nbsp;&nbsp; 709768 |
| Dividends | 755450 | &nbsp;&nbsp; 35208 | &nbsp;&nbsp; 529150 |
| Capital shares sold |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Securities lending income | 24719 | &nbsp;&nbsp; 5403 | &nbsp;&nbsp; 6600 |
| Prepaid expenses |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Assets | 423037416 | &nbsp;&nbsp; 34421874 | &nbsp;&nbsp; 3216919364 |
| **LIABILITIES:** |  |  |  |
| Due to custodian foreign currency |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Due to authorized participant |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Payables: |  |  |  |
| Capital shares redeemed |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Investment advisory fees | 233013 | &nbsp;&nbsp; 18073 | &nbsp;&nbsp; 1561883 |
| Licensing fees |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Audit and tax fees |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Shareholder reporting fees |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Trustees' fees |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Investment securities purchased |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 10088916 |
| Deferred foreign capital gains tax | 211075 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Collateral for securities on loan | 12749278 | &nbsp;&nbsp; 1701253 | &nbsp;&nbsp; 46973 |
| Other liabilities |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Liabilities | 13193366 | &nbsp;&nbsp; 1719326 | &nbsp;&nbsp; 11697772 |
| **NET ASSETS** | $409844050 | &nbsp;&nbsp; $32702548 | &nbsp;&nbsp; $3205221592 |
| **NET ASSETS consist of:** |  |  |  |
| Paid-in capital | $339630983 | &nbsp;&nbsp; $44840154 | &nbsp;&nbsp; $3832820664 |
| Par value | 39500 | &nbsp;&nbsp; 4500 | &nbsp;&nbsp; 238500 |
| Accumulated distributable earnings (loss) | 70173567 | &nbsp;&nbsp; (12142106)<br>| &nbsp;&nbsp; (627837572)<br>|
| **NET ASSETS** | $409844050 | &nbsp;&nbsp; $32702548 | &nbsp;&nbsp; $3205221592 |
| **NET ASSET VALUE,** per share | $103.76 | &nbsp;&nbsp; $72.67 | &nbsp;&nbsp; $134.39 |
| Number of shares outstanding (unlimited number of shares authorized, <br> par value $0.01 per share)<br>| 3950002 | &nbsp;&nbsp; 450002 | &nbsp;&nbsp; 23850002 |
| Investments, at cost | $330988238 | &nbsp;&nbsp; $25047860 | &nbsp;&nbsp; $2443770374 |
| Repurchase agreements, at cost | $12749278 | &nbsp;&nbsp; $1701253 | &nbsp;&nbsp; $46973 |
| Total investments, at cost | $343737516 | &nbsp;&nbsp; $26749113 | &nbsp;&nbsp; $2443817347 |
| Foreign currency, at cost (proceeds) | $17964 | &nbsp;&nbsp; $26 | &nbsp;&nbsp; $— |
| Securities on loan, at value | $12279576 | &nbsp;&nbsp; $1629087 | &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **First Trust** <br> **International Equity** <br> **Opportunities ETF** <br>**(FPXI)** <br>| **First Trust Nasdaq** <br> **Cybersecurity ETF** <br>**(CIBR)** <br>| **First Trust IPOX**<sup>®</sup> <br> **Europe Equity** <br> **Opportunities ETF** <br>**(FPXE)** <br>| **First Trust Dow Jones** <br> **International Internet** <br> **ETF** <br>**(FDNI)** <br>| **First Trust Bloomberg** <br> **Emerging Market** <br> **Democracies ETF** <br>**(EMDM)** <br>|
| $158763532 | &nbsp;&nbsp; $11051887116 | &nbsp;&nbsp; $4808034 | &nbsp;&nbsp; $47069661 | &nbsp;&nbsp; $9866991 |
| 11369762 | &nbsp;&nbsp; 804311992 | &nbsp;&nbsp; 4835 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 170133294 | &nbsp;&nbsp; 11856199108 | &nbsp;&nbsp; 4812869 | &nbsp;&nbsp; 47069661 | &nbsp;&nbsp; 9866991 |
| 111 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1151 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1468636 | &nbsp;&nbsp; — |
| 171205 | &nbsp;&nbsp; 490466 | &nbsp;&nbsp; 6358 | &nbsp;&nbsp; 326 | &nbsp;&nbsp; 684 |
| 57892 | &nbsp;&nbsp; 113588 | &nbsp;&nbsp; 3683 | &nbsp;&nbsp; 12192 | &nbsp;&nbsp; 17986 |
| 23681 | &nbsp;&nbsp; 1708774 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 170386183 | &nbsp;&nbsp; 11858511936 | &nbsp;&nbsp; 4822917 | &nbsp;&nbsp; 48550815 | &nbsp;&nbsp; 9886812 |
| 90373 | &nbsp;&nbsp; 5129124 | &nbsp;&nbsp; 2754 | &nbsp;&nbsp; 24816 | &nbsp;&nbsp; 5866 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 42656 |
| 11369762 | &nbsp;&nbsp; 804311992 | &nbsp;&nbsp; 4835 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 11460135 | &nbsp;&nbsp; 809441116 | &nbsp;&nbsp; 7589 | &nbsp;&nbsp; 24816 | &nbsp;&nbsp; 48522 |
| $158926048 | &nbsp;&nbsp; $11049070820 | &nbsp;&nbsp; $4815328 | &nbsp;&nbsp; $48525999 | &nbsp;&nbsp; $9838290 |
| $456808034 | &nbsp;&nbsp; $8709599529 | &nbsp;&nbsp; $7517393 | &nbsp;&nbsp; $63232558 | &nbsp;&nbsp; $7395896 |
| 26500 | &nbsp;&nbsp; 1454000 | &nbsp;&nbsp; 1500 | &nbsp;&nbsp; 12500 | &nbsp;&nbsp; 3500 |
| (297908486)<br>| &nbsp;&nbsp; 2338017291 | &nbsp;&nbsp; (2703565)<br>| &nbsp;&nbsp; (14719059)<br>| &nbsp;&nbsp; 2438894 |
| $158926048 | &nbsp;&nbsp; $11049070820 | &nbsp;&nbsp; $4815328 | &nbsp;&nbsp; $48525999 | &nbsp;&nbsp; $9838290 |
| $59.97 | &nbsp;&nbsp; $75.99 | &nbsp;&nbsp; $32.10 | &nbsp;&nbsp; $38.82 | &nbsp;&nbsp; $28.11 |
| 2650002 | &nbsp;&nbsp; 145400002 | &nbsp;&nbsp; 150002 | &nbsp;&nbsp; 1250002 | &nbsp;&nbsp; 350002 |
| $117209015 | &nbsp;&nbsp; $8027086889 | &nbsp;&nbsp; $3966624 | &nbsp;&nbsp; $38987993 | &nbsp;&nbsp; $7148226 |
| $11369762 | &nbsp;&nbsp; $804311992 | &nbsp;&nbsp; $4835 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| $128578777 | &nbsp;&nbsp; $8831398881 | &nbsp;&nbsp; $3971459 | &nbsp;&nbsp; $38987993 | &nbsp;&nbsp; $7148226 |
| $109 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1152 |
| $10797347 | &nbsp;&nbsp; $782427441 | &nbsp;&nbsp; $4693 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Statements of Assets and Liabilities (Continued)**

**September 30, 2025**

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

---

| | |
|:---|:---|
|  | **First Trust** <br> **Emerging** <br> **Markets Human** <br> **Flourishing ETF** <br>**(FTHF)** <br>|
| **ASSETS:** |  |
| Investments, at value | $52571590 |
| Repurchase agreements, at value |  |
| Total investments, at value | 52571590 |
| Cash |  |
| Foreign currency, at value |  |
| Due from authorized participant |  |
| Receivables: |  |
| Investment securities sold | 27770 |
| Reclaims | 13969 |
| Dividends | 126053 |
| Capital shares sold |  |
| Securities lending income |  |
| Prepaid expenses |  |
| Total Assets | 52739382 |
| **LIABILITIES:** |  |
| Due to custodian foreign currency | 17487 |
| Due to authorized participant |  |
| Payables: |  |
| Capital shares redeemed |  |
| Investment advisory fees | 31619 |
| Licensing fees |  |
| Audit and tax fees |  |
| Shareholder reporting fees |  |
| Trustees' fees |  |
| Investment securities purchased |  |
| Deferred foreign capital gains tax |  |
| Collateral for securities on loan |  |
| Other liabilities | 1174 |
| Total Liabilities | 50280 |
| **NET ASSETS** | $52689102 |
| **NET ASSETS consist of:** |  |
| Paid-in capital | $40791710 |
| Par value | 18000 |
| Accumulated distributable earnings (loss) | 11879392 |
| **NET ASSETS** | $52689102 |
| **NET ASSET VALUE,** per share | $29.27 |
| Number of shares outstanding (unlimited number of shares authorized, par value $0.01 per share) | 1800002 |
| Investments, at cost | $39036803 |
| Repurchase agreements, at cost | $— |
| Total investments, at cost | $39036803 |
| Foreign currency, at cost (proceeds) | $(17487)<br>|
| Securities on loan, at value | $— |

---

See Notes to Financial Statements

------

This page intentionally left blank.

------

**First Trust Exchange-Traded Fund II**

**Statements of Operations**

**For the Year Ended September 30, 2025**

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

---

| | | | |
|:---|:---|:---|:---|
|  | **First Trust** <br> **STOXX**<sup>®</sup> <br> **European Select** <br> **Dividend Index** <br> **Fund** <br>**(FDD)** <br>| **First Trust** <br> **Alerian** <br> **Disruptive** <br> **Technology Real** <br> **Estate ETF** <br>**(DTRE)** <br>| **First Trust Dow** <br> **Jones Global** <br> **Select Dividend** <br> **Index Fund** <br>**(FGD)** <br>|
| **INVESTMENT INCOME:** |  |  |  |
| Dividends | $25056100 | &nbsp;&nbsp; $560372 | &nbsp;&nbsp; $41926095 |
| Securities lending income (net of fees) |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Foreign withholding tax | (572659)<br>| &nbsp;&nbsp; (25759)<br>| &nbsp;&nbsp; (1735982)<br>|
| Total investment income | 24483441 | &nbsp;&nbsp; 534613 | &nbsp;&nbsp; 40190113 |
| **EXPENSES:** |  |  |  |
| Investment advisory fees | 1359850<br>| &nbsp;&nbsp; 98,650<br> (a)<br>| &nbsp;&nbsp; 2651570<br>|
| Licensing fees | 196282 | &nbsp;&nbsp; — | &nbsp;&nbsp; 372208 |
| Accounting and administration fees | 160072 | &nbsp;&nbsp; — | &nbsp;&nbsp; 306358 |
| Audit and tax fees | 42229 | &nbsp;&nbsp; — | &nbsp;&nbsp; 47419 |
| Shareholder reporting fees | 32048 | &nbsp;&nbsp; — | &nbsp;&nbsp; 40877 |
| Custodian fees | 26318 | &nbsp;&nbsp; — | &nbsp;&nbsp; 111261 |
| Registration and filing fees | 26254 | &nbsp;&nbsp; — | &nbsp;&nbsp; 12160 |
| Transfer agent fees | 16998 | &nbsp;&nbsp; — | &nbsp;&nbsp; 33145 |
| Trustees' fees and expenses | 9369 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9931 |
| Listing fees | 8742 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10008 |
| Legal fees | 6414 | &nbsp;&nbsp; — | &nbsp;&nbsp; 15065 |
| Other expenses | 40409 | &nbsp;&nbsp; 1176 | &nbsp;&nbsp; 64485 |
| Total expenses | 1924985 | &nbsp;&nbsp; 99826 | &nbsp;&nbsp; 3674487 |
| Less fees waived and expenses reimbursed by the investment advisor |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net expenses | 1924985 | &nbsp;&nbsp; 99826 | &nbsp;&nbsp; 3674487 |
| **NET INVESTMENT INCOME (LOSS)** | 22558456 | &nbsp;&nbsp; 434787 | &nbsp;&nbsp; 36515626 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS):** |  |  |  |
| Net realized gain (loss) on: |  |  |  |
| Investments | 6615139 | &nbsp;&nbsp; 214509 | &nbsp;&nbsp; (1739234)<br>|
| In-kind redemptions | 6518798 | &nbsp;&nbsp; 324184 | &nbsp;&nbsp; 6779424 |
| Foreign currency transactions | (104536)<br>| &nbsp;&nbsp; 142 | &nbsp;&nbsp; (83752)<br>|
| Foreign capital gains tax |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net realized gain (loss) | 13029401 | &nbsp;&nbsp; 538835 | &nbsp;&nbsp; 4956438 |
| Net increase from payment by the advisor |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net change in unrealized appreciation (depreciation) on: |  |  |  |
| Investments | 74096384 | &nbsp;&nbsp; (2443074)<br>| &nbsp;&nbsp; 117884377 |
| Foreign currency translation | 90964 | &nbsp;&nbsp; (154)<br>| &nbsp;&nbsp; 62594 |
| Deferred foreign capital gains tax |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net change in unrealized appreciation (depreciation) | 74187348 | &nbsp;&nbsp; (2443228)<br>| &nbsp;&nbsp; 117946971 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** | 87216749 | &nbsp;&nbsp; (1904393)<br>| &nbsp;&nbsp; 122903409 |
| **NET INCREASE (DECREASE) IN NET ASSETS RESULTING** <br> **FROM OPERATIONS**<br>| $109775205 | &nbsp;&nbsp; $(1469606)<br>| &nbsp;&nbsp; $159419035 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Fund
 is subject to a unitary fee (see Note 3 in the Notes to Financial Statements).

See Notes to Financial Statements

------

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **First Trust Global** <br> **Wind Energy ETF** <br>**(FAN)** <br>| **First Trust Alerian** <br> **U.S. NextGen** <br> **Infrastructure ETF** <br>**(RBLD)** <br>| **First Trust NASDAQ**<sup>®</sup> <br> **Clean Edge**<sup>®</sup> **Smart** <br> **Grid Infrastructure** <br> **Index Fund** <br>**(GRID)** <br>| **First Trust Indxx** <br> **Global Natural** <br> **Resources Income** <br> **ETF** <br>**(FTRI)** <br>| **First Trust Indxx** <br> **Global Agriculture** <br> **ETF** <br>**(FTAG)** <br>|
| $3473711 | &nbsp;&nbsp; $247318 | &nbsp;&nbsp; $45185664 | &nbsp;&nbsp; $3412694 | &nbsp;&nbsp; $219308 |
| 91631 | &nbsp;&nbsp; 8740 | &nbsp;&nbsp; 118037 | &nbsp;&nbsp; 147450 | &nbsp;&nbsp; — |
| (350733)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (2240189)<br>| &nbsp;&nbsp; (298054)<br>| &nbsp;&nbsp; (12099)<br>|
| 3214609 | &nbsp;&nbsp; 256058 | &nbsp;&nbsp; 43063512 | &nbsp;&nbsp; 3262090 | &nbsp;&nbsp; 207209 |
| 628380<br>| &nbsp;&nbsp; 85,123<br> (a)<br>| &nbsp;&nbsp; 9434163<br>| &nbsp;&nbsp; 731,173<br> (a)<br>| &nbsp;&nbsp; 42,345<br> (a)<br>|
| 108734 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2131169 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 78006 | &nbsp;&nbsp; — | &nbsp;&nbsp; 953057 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 43618 | &nbsp;&nbsp; — | &nbsp;&nbsp; 54377 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 37054 | &nbsp;&nbsp; — | &nbsp;&nbsp; 181343 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 31656 | &nbsp;&nbsp; — | &nbsp;&nbsp; 185907 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; 93174 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 7855 | &nbsp;&nbsp; — | &nbsp;&nbsp; 84062 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 9266 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11552 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 9346 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10092 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 3460 | &nbsp;&nbsp; — | &nbsp;&nbsp; 57287 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 13766 | &nbsp;&nbsp; 1043 | &nbsp;&nbsp; 201304 | &nbsp;&nbsp; 6533 | &nbsp;&nbsp; 469 |
| 971141 | &nbsp;&nbsp; 86166 | &nbsp;&nbsp; 13397487 | &nbsp;&nbsp; 737706 | &nbsp;&nbsp; 42814 |
| (17859)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 953282 | &nbsp;&nbsp; 86166 | &nbsp;&nbsp; 13397487 | &nbsp;&nbsp; 737706 | &nbsp;&nbsp; 42814 |
| 2261327 | &nbsp;&nbsp; 169892 | &nbsp;&nbsp; 29666025 | &nbsp;&nbsp; 2524384 | &nbsp;&nbsp; 164395 |
| (19286497)<br>| &nbsp;&nbsp; 297430 | &nbsp;&nbsp; (112710074)<br>| &nbsp;&nbsp; 4368243 | &nbsp;&nbsp; (405596)<br>|
| 705487 | &nbsp;&nbsp; — | &nbsp;&nbsp; 86377179 | &nbsp;&nbsp; 418731 | &nbsp;&nbsp; — |
| 117324 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; (710829)<br>| &nbsp;&nbsp; 40573 | &nbsp;&nbsp; (6973)<br>|
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (76989)<br>| &nbsp;&nbsp; (6657)<br>|
| (18463686)<br>| &nbsp;&nbsp; 297436 | &nbsp;&nbsp; (27043724)<br>| &nbsp;&nbsp; 4750558 | &nbsp;&nbsp; (419226)<br>|
| 140 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 21975634 | &nbsp;&nbsp; 1292658 | &nbsp;&nbsp; 505383976 | &nbsp;&nbsp; 3518055 | &nbsp;&nbsp; 325448 |
| 6805 | &nbsp;&nbsp; — | &nbsp;&nbsp; 105036 | &nbsp;&nbsp; (28)<br>| &nbsp;&nbsp; 4456 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 244560 | &nbsp;&nbsp; 7706 |
| 21982439 | &nbsp;&nbsp; 1292658 | &nbsp;&nbsp; 505489012 | &nbsp;&nbsp; 3762587 | &nbsp;&nbsp; 337610 |
| 3518893 | &nbsp;&nbsp; 1590094 | &nbsp;&nbsp; 478445288 | &nbsp;&nbsp; 8513145 | &nbsp;&nbsp; (81616)<br>|
| $5780220 | &nbsp;&nbsp; $1759986 | &nbsp;&nbsp; $508111313 | &nbsp;&nbsp; $11037529 | &nbsp;&nbsp; $82779 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Statements of Operations (Continued)**

**For the Year Ended September 30, 2025**

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

---

| | | | |
|:---|:---|:---|:---|
|  | **First Trust** <br> **Indxx NextG** <br> **ETF** <br>**(NXTG)** <br>| **First Trust** <br> **S-Network** <br> **Future Vehicles** <br> **& Technology** <br> **ETF** <br>**(CARZ)** <br>| **First Trust** <br> **Cloud** <br> **Computing ETF** <br>**(SKYY)** <br>|
| **INVESTMENT INCOME:** |  |  |  |
| Dividends | $10250486 | &nbsp;&nbsp; $419072 | &nbsp;&nbsp; $15285057 |
| Securities lending income (net of fees) | 78867 | &nbsp;&nbsp; 80793 | &nbsp;&nbsp; 39381 |
| Foreign withholding tax | (904184)<br>| &nbsp;&nbsp; (38008)<br>| &nbsp;&nbsp; (162083)<br>|
| Total investment income | 9425169 | &nbsp;&nbsp; 461857 | &nbsp;&nbsp; 15162355 |
| **EXPENSES:** |  |  |  |
| Investment advisory fees | 2,608,940<br> (a)<br>| &nbsp;&nbsp; 215,946<br> (a)<br>| &nbsp;&nbsp; 20,232,424<br> (a)<br>|
| Licensing fees |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Accounting and administration fees |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Audit and tax fees |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Shareholder reporting fees |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Custodian fees |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Registration and filing fees |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Transfer agent fees |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Trustees' fees and expenses |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Listing fees |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Legal fees |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Other expenses | 27620 | &nbsp;&nbsp; 2227 | &nbsp;&nbsp; 259973 |
| Total expenses | 2636560 | &nbsp;&nbsp; 218173 | &nbsp;&nbsp; 20492397 |
| Less fees waived and expenses reimbursed by the investment advisor |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net expenses | 2636560 | &nbsp;&nbsp; 218173 | &nbsp;&nbsp; 20492397 |
| **NET INVESTMENT INCOME (LOSS)** | 6788609 | &nbsp;&nbsp; 243684 | &nbsp;&nbsp; (5330042)<br>|
| **NET REALIZED AND UNREALIZED GAIN (LOSS):** |  |  |  |
| Net realized gain (loss) on: |  |  |  |
| Investments | 3188953 | &nbsp;&nbsp; (2155907)<br>| &nbsp;&nbsp; 199810048 |
| In-kind redemptions | 18369557 | &nbsp;&nbsp; 2383501 | &nbsp;&nbsp; 471770906 |
| Foreign currency transactions | (36359)<br>| &nbsp;&nbsp; (7327)<br>| &nbsp;&nbsp; — |
| Foreign capital gains tax | (265335)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net realized gain (loss) | 21256816 | &nbsp;&nbsp; 220267 | &nbsp;&nbsp; 671580954 |
| Net increase from payment by the advisor |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net change in unrealized appreciation (depreciation) on: |  |  |  |
| Investments | 41011308 | &nbsp;&nbsp; 6181408 | &nbsp;&nbsp; 152131369 |
| Foreign currency translation | 14038 | &nbsp;&nbsp; 2334 | &nbsp;&nbsp; — |
| Deferred foreign capital gains tax | 703307 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net change in unrealized appreciation (depreciation) | 41728653 | &nbsp;&nbsp; 6183742 | &nbsp;&nbsp; 152131369 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** | 62985469 | &nbsp;&nbsp; 6404009 | &nbsp;&nbsp; 823712323 |
| **NET INCREASE (DECREASE) IN NET ASSETS RESULTING** <br> **FROM OPERATIONS**<br>| $69774078 | &nbsp;&nbsp; $6647693 | &nbsp;&nbsp; $818382281 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Fund
 is subject to a unitary fee (see Note 3 in the Notes to Financial Statements).

See Notes to Financial Statements

------

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **First Trust** <br> **International Equity** <br> **Opportunities ETF** <br>**(FPXI)** <br>| **First Trust Nasdaq** <br> **Cybersecurity ETF** <br>**(CIBR)** <br>| **First Trust IPOX**<sup>®</sup> <br> **Europe Equity** <br> **Opportunities ETF** <br>**(FPXE)** <br>| **First Trust Dow Jones** <br> **International Internet** <br> **ETF** <br>**(FDNI)** <br>| **First Trust Bloomberg** <br> **Emerging Market** <br> **Democracies ETF** <br>**(EMDM)** <br>|
| $2169655 | &nbsp;&nbsp; $73203422 | &nbsp;&nbsp; $119168 | &nbsp;&nbsp; $278481 | &nbsp;&nbsp; $336961 |
| 97253 | &nbsp;&nbsp; 3015154 | &nbsp;&nbsp; 551 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| (230217)<br>| &nbsp;&nbsp; (3220943)<br>| &nbsp;&nbsp; (17311)<br>| &nbsp;&nbsp; (5099)<br>| &nbsp;&nbsp; (36157)<br>|
| 2036691 | &nbsp;&nbsp; 72997633 | &nbsp;&nbsp; 102408 | &nbsp;&nbsp; 273382 | &nbsp;&nbsp; 300804 |
| 1,002,368<br> (a)<br>| &nbsp;&nbsp; 49,629,522<br> (a)<br>| &nbsp;&nbsp; 30,983<br> (a)<br>| &nbsp;&nbsp; 303,616<br> (a)<br>| &nbsp;&nbsp; 61,098<br> (a)<br>|
| 11160 | &nbsp;&nbsp; 709503 | &nbsp;&nbsp; 340 | &nbsp;&nbsp; 3237 | &nbsp;&nbsp; 632 |
| 1013528 | &nbsp;&nbsp; 50339025 | &nbsp;&nbsp; 31323 | &nbsp;&nbsp; 306853 | &nbsp;&nbsp; 61730 |
| 1013528 | &nbsp;&nbsp; 50339025 | &nbsp;&nbsp; 31323 | &nbsp;&nbsp; 306853 | &nbsp;&nbsp; 61730 |
| 1023163 | &nbsp;&nbsp; 22658608 | &nbsp;&nbsp; 71085 | &nbsp;&nbsp; (33471)<br>| &nbsp;&nbsp; 239074 |
| 14236693 | &nbsp;&nbsp; 151789393 | &nbsp;&nbsp; 290084 | &nbsp;&nbsp; (1126770)<br>| &nbsp;&nbsp; 62533 |
| 5456739 | &nbsp;&nbsp; 387056893 | &nbsp;&nbsp; 625670 | &nbsp;&nbsp; 17368819 | &nbsp;&nbsp; — |
| (2849)<br>| &nbsp;&nbsp; 206774 | &nbsp;&nbsp; (832)<br>| &nbsp;&nbsp; 524 | &nbsp;&nbsp; (2528)<br>|
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (3633)<br>|
| 19690583 | &nbsp;&nbsp; 539053060 | &nbsp;&nbsp; 914922 | &nbsp;&nbsp; 16242573 | &nbsp;&nbsp; 56372 |
| 53 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 11962350 | &nbsp;&nbsp; 1520791679 | &nbsp;&nbsp; (38497)<br>| &nbsp;&nbsp; 8133347 | &nbsp;&nbsp; 1635347 |
| 7089 | &nbsp;&nbsp; 4436 | &nbsp;&nbsp; 202 | &nbsp;&nbsp; (283)<br>| &nbsp;&nbsp; 249 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 15560 |
| 11969439 | &nbsp;&nbsp; 1520796115 | &nbsp;&nbsp; (38295)<br>| &nbsp;&nbsp; 8133064 | &nbsp;&nbsp; 1651156 |
| 31660075 | &nbsp;&nbsp; 2059849175 | &nbsp;&nbsp; 876627 | &nbsp;&nbsp; 24375637 | &nbsp;&nbsp; 1707528 |
| $32683238 | &nbsp;&nbsp; $2082507783 | &nbsp;&nbsp; $947712 | &nbsp;&nbsp; $24342166 | &nbsp;&nbsp; $1946602 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Statements of Operations (Continued)**

**For the Year Ended September 30, 2025**

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

---

| | |
|:---|:---|
|  | **First Trust** <br> **Emerging** <br> **Markets Human** <br> **Flourishing ETF** <br>**(FTHF)** <br>|
| **INVESTMENT INCOME:** |  |
| Dividends | $1663273 |
| Securities lending income (net of fees) |  |
| Foreign withholding tax | (227288)<br>|
| Total investment income | 1435985 |
| **EXPENSES:** |  |
| Investment advisory fees | 322,507<br> (a)<br>|
| Licensing fees |  |
| Accounting and administration fees |  |
| Audit and tax fees |  |
| Shareholder reporting fees |  |
| Custodian fees |  |
| Registration and filing fees |  |
| Transfer agent fees |  |
| Trustees' fees and expenses |  |
| Listing fees |  |
| Legal fees |  |
| Other expenses | 3351 |
| Total expenses | 325858 |
| Less fees waived and expenses reimbursed by the investment advisor |  |
| Net expenses | 325858 |
| **NET INVESTMENT INCOME (LOSS)** | 1110127 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS):** |  |
| Net realized gain (loss) on: |  |
| Investments | (1322670)<br>|
| In-kind redemptions | 62620 |
| Foreign currency transactions | (35427)<br>|
| Foreign capital gains tax |  |
| Net realized gain (loss) | (1295477)<br>|
| Net increase from payment by the advisor |  |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments | 11112123 |
| Foreign currency translation | 2532 |
| Deferred foreign capital gains tax |  |
| Net change in unrealized appreciation (depreciation) | 11114655 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** | 9819178 |
| **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $10929305 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Fund
 is subject to a unitary fee (see Note 3 in the Notes to Financial Statements).

See Notes to Financial Statements

------

This page intentionally left blank.

------

**First Trust Exchange-Traded Fund II**

**Statements of Changes in Net Assets** 

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **First Trust STOXX**<sup>®</sup> **European** <br> **Select Dividend Index Fund** <br> **(FDD)** | **First Trust STOXX**<sup>®</sup> **European** <br> **Select Dividend Index Fund** <br> **(FDD)** | **First Trust Alerian Disruptive** <br> **Technology Real Estate ETF** <br> **(DTRE)** | **First Trust Alerian Disruptive** <br> **Technology Real Estate ETF** <br> **(DTRE)** |
|  | **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>| **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $22558456 | &nbsp;&nbsp; $10088039 | &nbsp;&nbsp; $434787 | &nbsp;&nbsp; $449304 |
| Net realized gain (loss) | 13029401 | &nbsp;&nbsp; (4926756)<br>| &nbsp;&nbsp; 538835 | &nbsp;&nbsp; 367917 |
| Net increase from payment by the advisor |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net change in unrealized appreciation (depreciation) | 74187348 | &nbsp;&nbsp; 26851290 | &nbsp;&nbsp; (2443228)<br>| &nbsp;&nbsp; 2666642 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 109775205 | &nbsp;&nbsp; 32012573 | &nbsp;&nbsp; (1469606)<br>| &nbsp;&nbsp; 3483863 |
| **DISTRIBUTIONS TO SHAREHOLDERS FROM:** |  |  |  |  |
| Investment operations | (23162021)<br>| &nbsp;&nbsp; (10315400)<br>| &nbsp;&nbsp; (528300)<br>| &nbsp;&nbsp; (457041)<br>|
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 445671288<br>| &nbsp;&nbsp; 608364<br>| &nbsp;&nbsp; —<br>| &nbsp;&nbsp; —<br>|
| Cost of shares redeemed | (30762454) <br>| &nbsp;&nbsp; (41850788) <br>| &nbsp;&nbsp; (2009659) <br>| &nbsp;&nbsp; (4113805) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 414908834 | &nbsp;&nbsp; (41242424)<br>| &nbsp;&nbsp; (2009659)<br>| &nbsp;&nbsp; (4113805)<br>|
| Total increase (decrease) in net assets | 501522018 | &nbsp;&nbsp; (19545251)<br>| &nbsp;&nbsp; (4007565)<br>| &nbsp;&nbsp; (1086983)<br>|
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 159971431 | &nbsp;&nbsp; 179516682 | &nbsp;&nbsp; 19544650 | &nbsp;&nbsp; 20631633 |
| End of period | $661493449 | &nbsp;&nbsp; $159971431 | &nbsp;&nbsp; $15537085 | &nbsp;&nbsp; $19544650 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 12903334 | &nbsp;&nbsp; 16453334 | &nbsp;&nbsp; 441608 | &nbsp;&nbsp; 541608 |
| Shares sold | 30350000 | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Shares redeemed | (2200000)<br>| &nbsp;&nbsp; (3600000)<br>| &nbsp;&nbsp; (50000)<br>| &nbsp;&nbsp; (100000)<br>|
| Shares outstanding, end of period | 41053334 | &nbsp;&nbsp; 12903334 | &nbsp;&nbsp; 391608 | &nbsp;&nbsp; 441608 |

---

See Notes to Financial Statements

------

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **First Trust Dow Jones Global Select** <br> **Dividend Index Fund (FGD)** | **First Trust Dow Jones Global Select** <br> **Dividend Index Fund (FGD)** | **First Trust Global Wind Energy ETF** <br> **(FAN)** | **First Trust Global Wind Energy ETF** <br> **(FAN)** | **First Trust Alerian U.S. NextGen** <br> **Infrastructure ETF (RBLD)** | **First Trust Alerian U.S. NextGen** <br> **Infrastructure ETF (RBLD)** |
| **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>| **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>| **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>|
| $36515626 | &nbsp;&nbsp; $30958700 | &nbsp;&nbsp; $2261327 | &nbsp;&nbsp; $2713090 | &nbsp;&nbsp; $169892 | &nbsp;&nbsp; $119372 |
| 4956438 | &nbsp;&nbsp; (3936134)<br>| &nbsp;&nbsp; (18463686)<br>| &nbsp;&nbsp; 121572 | &nbsp;&nbsp; 297436 | &nbsp;&nbsp; 363096 |
|  | &nbsp;&nbsp; — | &nbsp;&nbsp; 140 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 117946971 | &nbsp;&nbsp; 100937457 | &nbsp;&nbsp; 21982439 | &nbsp;&nbsp; 41671504 | &nbsp;&nbsp; 1292658 | &nbsp;&nbsp; 2195936 |
| 159419035 | &nbsp;&nbsp; 127960023 | &nbsp;&nbsp; 5780220 | &nbsp;&nbsp; 44506166 | &nbsp;&nbsp; 1759986 | &nbsp;&nbsp; 2678404 |
| (40298268)<br>| &nbsp;&nbsp; (35000288)<br>| &nbsp;&nbsp; (2273501)<br>| &nbsp;&nbsp; (2828785)<br>| &nbsp;&nbsp; (161252)<br>| &nbsp;&nbsp; (120587)<br>|
| 250777508<br>| &nbsp;&nbsp; 18267909<br>| &nbsp;&nbsp; 32690600<br>| &nbsp;&nbsp; 3193247<br>| &nbsp;&nbsp; 3344919<br>| &nbsp;&nbsp; —<br>|
| (42603706) <br>| &nbsp;&nbsp; (178536831) <br>| &nbsp;&nbsp; (50163098) <br>| &nbsp;&nbsp; (53618669) <br>| &nbsp;&nbsp; —<br>| &nbsp;&nbsp; —<br>|
| 208173802 | &nbsp;&nbsp; (160268922)<br>| &nbsp;&nbsp; (17472498)<br>| &nbsp;&nbsp; (50425422)<br>| &nbsp;&nbsp; 3344919 | &nbsp;&nbsp; — |
| 327294569 | &nbsp;&nbsp; (67309187)<br>| &nbsp;&nbsp; (13965779)<br>| &nbsp;&nbsp; (8748041)<br>| &nbsp;&nbsp; 4943653 | &nbsp;&nbsp; 2557817 |
| 566743125 | &nbsp;&nbsp; 634052312 | &nbsp;&nbsp; 196539987 | &nbsp;&nbsp; 205288028 | &nbsp;&nbsp; 10160342 | &nbsp;&nbsp; 7602525 |
| $894037694 | &nbsp;&nbsp; $566743125 | &nbsp;&nbsp; $182574208 | &nbsp;&nbsp; $196539987 | &nbsp;&nbsp; $15103995 | &nbsp;&nbsp; $10160342 |
| 23300002 | &nbsp;&nbsp; 30650002 | &nbsp;&nbsp; 10850002 | &nbsp;&nbsp; 14100002 | &nbsp;&nbsp; 150002 | &nbsp;&nbsp; 150002 |
| 9700000 | &nbsp;&nbsp; 850000 | &nbsp;&nbsp; 1800000 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; — |
| (1800000)<br>| &nbsp;&nbsp; (8200000)<br>| &nbsp;&nbsp; (3150000)<br>| &nbsp;&nbsp; (3450000)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| 31200002 | &nbsp;&nbsp; 23300002 | &nbsp;&nbsp; 9500002 | &nbsp;&nbsp; 10850002 | &nbsp;&nbsp; 200002 | &nbsp;&nbsp; 150002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Statements of Changes in Net Assets (Continued)**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **First Trust NASDAQ**<sup>®</sup> **Clean** <br> **Edge**<sup>®</sup> **Smart Grid Infrastructure** <br> **Index Fund (GRID)** | **First Trust NASDAQ**<sup>®</sup> **Clean** <br> **Edge**<sup>®</sup> **Smart Grid Infrastructure** <br> **Index Fund (GRID)** | **First Trust Indxx Global Natural** <br> **Resources Income ETF (FTRI)** | **First Trust Indxx Global Natural** <br> **Resources Income ETF (FTRI)** |
|  | **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>| **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $29666025 | &nbsp;&nbsp; $15527465 | &nbsp;&nbsp; $2524384 | &nbsp;&nbsp; $8824446 |
| Net realized gain (loss) | (27043724)<br>| &nbsp;&nbsp; 41194775 | &nbsp;&nbsp; 4750558 | &nbsp;&nbsp; (10838217)<br>|
| Net increase from payment by the advisor |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net change in unrealized appreciation (depreciation) | 505489012 | &nbsp;&nbsp; 263030568 | &nbsp;&nbsp; 3762587 | &nbsp;&nbsp; 22097247 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 508111313 | &nbsp;&nbsp; 319752808 | &nbsp;&nbsp; 11037529 | &nbsp;&nbsp; 20083476 |
| **DISTRIBUTIONS TO SHAREHOLDERS FROM:** |  |  |  |  |
| Investment operations | (28599303)<br>| &nbsp;&nbsp; (15201118)<br>| &nbsp;&nbsp; (2694651)<br>| &nbsp;&nbsp; (9644266)<br>|
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 1809456047<br>| &nbsp;&nbsp; 861662450<br>| &nbsp;&nbsp; 10071842<br>| &nbsp;&nbsp; —<br>|
| Cost of shares redeemed | (246431746) <br>| &nbsp;&nbsp; (339386890) <br>| &nbsp;&nbsp; (51199558) <br>| &nbsp;&nbsp; (104700880) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| 1563024301 | &nbsp;&nbsp; 522275560 | &nbsp;&nbsp; (41127716)<br>| &nbsp;&nbsp; (104700880)<br>|
| Total increase (decrease) in net assets | 2042536311 | &nbsp;&nbsp; 826827250 | &nbsp;&nbsp; (32784838)<br>| &nbsp;&nbsp; (94261670)<br>|
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 1846690043 | &nbsp;&nbsp; 1019862793 | &nbsp;&nbsp; 138577561 | &nbsp;&nbsp; 232839231 |
| End of period | $3889226354 | &nbsp;&nbsp; $1846690043 | &nbsp;&nbsp; $105792723 | &nbsp;&nbsp; $138577561 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 14550002 | &nbsp;&nbsp; 10850002 | &nbsp;&nbsp; 10250002 | &nbsp;&nbsp; 18350002 |
| Shares sold | 13350000 | &nbsp;&nbsp; 7300000 | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; — |
| Shares redeemed | (2100000)<br>| &nbsp;&nbsp; (3600000)<br>| &nbsp;&nbsp; (4000000)<br>| &nbsp;&nbsp; (8100000)<br>|
| Shares outstanding, end of period | 25800002 | &nbsp;&nbsp; 14550002 | &nbsp;&nbsp; 6950002 | &nbsp;&nbsp; 10250002 |

---

See Notes to Financial Statements

------

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **First Trust Indxx Global Agriculture** <br> **ETF (FTAG)** | **First Trust Indxx Global Agriculture** <br> **ETF (FTAG)** | **First Trust Indxx NextG ETF (NXTG)** | **First Trust Indxx NextG ETF (NXTG)** | **First Trust S-Network Future Vehicles** <br> **& Technology ETF (CARZ)** | **First Trust S-Network Future Vehicles** <br> **& Technology ETF (CARZ)** |
| **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>| **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>| **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>|
| $164395 | &nbsp;&nbsp; $219270 | &nbsp;&nbsp; $6788609 | &nbsp;&nbsp; $7894127 | &nbsp;&nbsp; $243684 | &nbsp;&nbsp; $355446 |
| (419226)<br>| &nbsp;&nbsp; (1946382)<br>| &nbsp;&nbsp; 21256816 | &nbsp;&nbsp; 32328254 | &nbsp;&nbsp; 220267 | &nbsp;&nbsp; 53212 |
| 337610 | &nbsp;&nbsp; 1712125 | &nbsp;&nbsp; 41728653 | &nbsp;&nbsp; 64871337 | &nbsp;&nbsp; 6183742 | &nbsp;&nbsp; 5102853 |
| 82779 | &nbsp;&nbsp; (14987)<br>| &nbsp;&nbsp; 69774078 | &nbsp;&nbsp; 105093718 | &nbsp;&nbsp; 6647693 | &nbsp;&nbsp; 5511511 |
| (150531)<br>| &nbsp;&nbsp; (186749)<br>| &nbsp;&nbsp; (6385818)<br>| &nbsp;&nbsp; (7852793)<br>| &nbsp;&nbsp; (437142)<br>| &nbsp;&nbsp; (361081)<br>|
| —<br>| &nbsp;&nbsp; 1229182<br>| &nbsp;&nbsp; 30375125<br>| &nbsp;&nbsp; 40531318<br>| &nbsp;&nbsp; 2976059<br>| &nbsp;&nbsp; —<br>|
| —<br>| &nbsp;&nbsp; (7527316) <br>| &nbsp;&nbsp; (69565652) <br>| &nbsp;&nbsp; (133056018) <br>| &nbsp;&nbsp; (11624106) <br>| &nbsp;&nbsp; (11182612) <br>|
|  | &nbsp;&nbsp; (6298134)<br>| &nbsp;&nbsp; (39190527)<br>| &nbsp;&nbsp; (92524700)<br>| &nbsp;&nbsp; (8648047)<br>| &nbsp;&nbsp; (11182612)<br>|
| (67752)<br>| &nbsp;&nbsp; (6499870)<br>| &nbsp;&nbsp; 24197733 | &nbsp;&nbsp; 4716225 | &nbsp;&nbsp; (2437496)<br>| &nbsp;&nbsp; (6032182)<br>|
| 6269656 | &nbsp;&nbsp; 12769526 | &nbsp;&nbsp; 385646317 | &nbsp;&nbsp; 380930092 | &nbsp;&nbsp; 35140044 | &nbsp;&nbsp; 41172226 |
| $6201904 | &nbsp;&nbsp; $6269656 | &nbsp;&nbsp; $409844050 | &nbsp;&nbsp; $385646317 | &nbsp;&nbsp; $32702548 | &nbsp;&nbsp; $35140044 |
| 239928 | &nbsp;&nbsp; 489928 | &nbsp;&nbsp; 4400002 | &nbsp;&nbsp; 5600002 | &nbsp;&nbsp; 600002 | &nbsp;&nbsp; 800002 |
|  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; (300000)<br>| &nbsp;&nbsp; (800000)<br>| &nbsp;&nbsp; (1700000)<br>| &nbsp;&nbsp; (200000)<br>| &nbsp;&nbsp; (200000)<br>|
| 239928 | &nbsp;&nbsp; 239928 | &nbsp;&nbsp; 3950002 | &nbsp;&nbsp; 4400002 | &nbsp;&nbsp; 450002 | &nbsp;&nbsp; 600002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Statements of Changes in Net Assets (Continued)**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **First Trust Cloud Computing** <br> **ETF (SKYY)** | **First Trust Cloud Computing** <br> **ETF (SKYY)** | **First Trust International Equity** <br> **Opportunities ETF (FPXI)** | **First Trust International Equity** <br> **Opportunities ETF (FPXI)** |
|  | **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>| **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(5330042)<br>| &nbsp;&nbsp; $(2760402)<br>| &nbsp;&nbsp; $1023163 | &nbsp;&nbsp; $1430963 |
| Net realized gain (loss) | 671580954 | &nbsp;&nbsp; 146801440 | &nbsp;&nbsp; 19690583 | &nbsp;&nbsp; 22949559 |
| Net increase from payment by the advisor |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 53 | &nbsp;&nbsp; — |
| Net change in unrealized appreciation (depreciation) | 152131369 | &nbsp;&nbsp; 700097700 | &nbsp;&nbsp; 11969439 | &nbsp;&nbsp; 14957167 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 818382281 | &nbsp;&nbsp; 844138738 | &nbsp;&nbsp; 32683238 | &nbsp;&nbsp; 39337689 |
| **DISTRIBUTIONS TO SHAREHOLDERS FROM:** |  |  |  |  |
| Investment operations |  | &nbsp;&nbsp; — | &nbsp;&nbsp; (1226051)<br>| &nbsp;&nbsp; (1443011)<br>|
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 541285924<br>| &nbsp;&nbsp; 103479599<br>| &nbsp;&nbsp; —<br>| &nbsp;&nbsp; —<br>|
| Cost of shares redeemed | (1131979091) <br>| &nbsp;&nbsp; (616130871) <br>| &nbsp;&nbsp; (18038137) <br>| &nbsp;&nbsp; (59878665) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| (590693167)<br>| &nbsp;&nbsp; (512651272)<br>| &nbsp;&nbsp; (18038137)<br>| &nbsp;&nbsp; (59878665)<br>|
| Total increase (decrease) in net assets | 227689114 | &nbsp;&nbsp; 331487466 | &nbsp;&nbsp; 13419050 | &nbsp;&nbsp; (21983987)<br>|
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 2977532478 | &nbsp;&nbsp; 2646045012 | &nbsp;&nbsp; 145506998 | &nbsp;&nbsp; 167490985 |
| End of period | $3205221592 | &nbsp;&nbsp; $2977532478 | &nbsp;&nbsp; $158926048 | &nbsp;&nbsp; $145506998 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 29100002 | &nbsp;&nbsp; 34850002 | &nbsp;&nbsp; 3000002 | &nbsp;&nbsp; 4350002 |
| Shares sold | 4450000 | &nbsp;&nbsp; 1150000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Shares redeemed | (9700000)<br>| &nbsp;&nbsp; (6900000)<br>| &nbsp;&nbsp; (350000)<br>| &nbsp;&nbsp; (1350000)<br>|
| Shares outstanding, end of period | 23850002 | &nbsp;&nbsp; 29100002 | &nbsp;&nbsp; 2650002 | &nbsp;&nbsp; 3000002 |

---

See Notes to Financial Statements

------

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **First Trust Nasdaq Cybersecurity ETF** <br> **(CIBR)** | **First Trust Nasdaq Cybersecurity ETF** <br> **(CIBR)** | **First Trust IPOX**<sup>®</sup> **Europe Equity** <br> **Opportunities ETF (FPXE)** | **First Trust IPOX**<sup>®</sup> **Europe Equity** <br> **Opportunities ETF (FPXE)** | **First Trust Dow Jones International** <br> **Internet ETF (FDNI)** | **First Trust Dow Jones International** <br> **Internet ETF (FDNI)** |
| **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>| **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>| **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>|
| $22658608 | &nbsp;&nbsp; $30861937 | &nbsp;&nbsp; $71085 | &nbsp;&nbsp; $74577 | &nbsp;&nbsp; $(33471)<br>| &nbsp;&nbsp; $37305 |
| 539053060 | &nbsp;&nbsp; 409020179 | &nbsp;&nbsp; 914922 | &nbsp;&nbsp; 594648 | &nbsp;&nbsp; 16242573 | &nbsp;&nbsp; (1123143)<br>|
| 1520796115 | &nbsp;&nbsp; 1105820122 | &nbsp;&nbsp; (38295)<br>| &nbsp;&nbsp; 560525 | &nbsp;&nbsp; 8133064 | &nbsp;&nbsp; 12620241 |
| 2082507783 | &nbsp;&nbsp; 1545702238 | &nbsp;&nbsp; 947712 | &nbsp;&nbsp; 1229750 | &nbsp;&nbsp; 24342166 | &nbsp;&nbsp; 11534403 |
| (21789185)<br>| &nbsp;&nbsp; (29884371)<br>| &nbsp;&nbsp; (71241)<br>| &nbsp;&nbsp; (101436)<br>| &nbsp;&nbsp; (310800)<br>| &nbsp;&nbsp; (76231)<br>|
| 2971360337<br>| &nbsp;&nbsp; 1414089973<br>| &nbsp;&nbsp; 1516204<br>| &nbsp;&nbsp; —<br>| &nbsp;&nbsp; 79103365<br>| &nbsp;&nbsp; 7096675<br>|
| (584968489) <br>| &nbsp;&nbsp; (1292531299) <br>| &nbsp;&nbsp; (1582559) <br>| &nbsp;&nbsp; (1287272) <br>| &nbsp;&nbsp; (95920115) <br>| &nbsp;&nbsp; (3451263) <br>|
| 2386391848 | &nbsp;&nbsp; 121558674 | &nbsp;&nbsp; (66355)<br>| &nbsp;&nbsp; (1287272)<br>| &nbsp;&nbsp; (16816750)<br>| &nbsp;&nbsp; 3645412 |
| 4447110446 | &nbsp;&nbsp; 1637376541 | &nbsp;&nbsp; 810116 | &nbsp;&nbsp; (158958)<br>| &nbsp;&nbsp; 7214616 | &nbsp;&nbsp; 15103584 |
| 6601960374 | &nbsp;&nbsp; 4964583833 | &nbsp;&nbsp; 4005212 | &nbsp;&nbsp; 4164170 | &nbsp;&nbsp; 41311383 | &nbsp;&nbsp; 26207799 |
| $11049070820 | &nbsp;&nbsp; $6601960374 | &nbsp;&nbsp; $4815328 | &nbsp;&nbsp; $4005212 | &nbsp;&nbsp; $48525999 | &nbsp;&nbsp; $41311383 |
| 111350002 | &nbsp;&nbsp; 109250002 | &nbsp;&nbsp; 150002 | &nbsp;&nbsp; 200002 | &nbsp;&nbsp; 1400002 | &nbsp;&nbsp; 1250002 |
| 42200000 | &nbsp;&nbsp; 25150000 | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2900000 | &nbsp;&nbsp; 300000 |
| (8150000)<br>| &nbsp;&nbsp; (23050000)<br>| &nbsp;&nbsp; (50000)<br>| &nbsp;&nbsp; (50000)<br>| &nbsp;&nbsp; (3050000)<br>| &nbsp;&nbsp; (150000)<br>|
| 145400002 | &nbsp;&nbsp; 111350002 | &nbsp;&nbsp; 150002 | &nbsp;&nbsp; 150002 | &nbsp;&nbsp; 1250002 | &nbsp;&nbsp; 1400002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Statements of Changes in Net Assets (Continued)**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **First Trust Bloomberg Emerging** <br> **Market Democracies ETF** <br> **(EMDM)** | **First Trust Bloomberg Emerging** <br> **Market Democracies ETF** <br> **(EMDM)** | **First Trust Emerging Markets** <br> **Human Flourishing ETF (FTHF)** | **First Trust Emerging Markets** <br> **Human Flourishing ETF (FTHF)** |
|  | **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>| **Year** <br>**Ended** <br>**9/30/2025** <br>| **Period** <br>**Ended** <br>**9/30/2024 (a)**<br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $239074 | &nbsp;&nbsp; $180972 | &nbsp;&nbsp; $1110127 | &nbsp;&nbsp; $1123285 |
| Net realized gain (loss) | 56372 | &nbsp;&nbsp; (148687)<br>| &nbsp;&nbsp; (1295477)<br>| &nbsp;&nbsp; (337761)<br>|
| Net increase from payment by the advisor |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net change in unrealized appreciation (depreciation) | 1651156 | &nbsp;&nbsp; 1237191 | &nbsp;&nbsp; 11114655 | &nbsp;&nbsp; 2423238 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 1946602 | &nbsp;&nbsp; 1269476 | &nbsp;&nbsp; 10929305 | &nbsp;&nbsp; 3208762 |
| **DISTRIBUTIONS TO SHAREHOLDERS FROM:** |  |  |  |  |
| Investment operations | (408032)<br>| &nbsp;&nbsp; (160950)<br>| &nbsp;&nbsp; (1282346)<br>| &nbsp;&nbsp; (867321)<br>|
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | —<br>| &nbsp;&nbsp; 4242136<br>| &nbsp;&nbsp; 1328145<br>| &nbsp;&nbsp; 41701207<br>|
| Cost of shares redeemed | —<br>| &nbsp;&nbsp; —<br>| &nbsp;&nbsp; (1109685) <br>| &nbsp;&nbsp; (1218965) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>|  | &nbsp;&nbsp; 4242136 | &nbsp;&nbsp; 218460 | &nbsp;&nbsp; 40482242 |
| Total increase (decrease) in net assets | 1538570 | &nbsp;&nbsp; 5350662 | &nbsp;&nbsp; 9865419 | &nbsp;&nbsp; 42823683 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 8299720 | &nbsp;&nbsp; 2949058 | &nbsp;&nbsp; 42823683 | &nbsp;&nbsp; — |
| End of period | $9838290 | &nbsp;&nbsp; $8299720 | &nbsp;&nbsp; $52689102 | &nbsp;&nbsp; $42823683 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 350002 | &nbsp;&nbsp; 150002 | &nbsp;&nbsp; 1800002 | &nbsp;&nbsp; — |
| Shares sold |  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 1850002 |
| Shares redeemed |  | &nbsp;&nbsp; — | &nbsp;&nbsp; (50000)<br>| &nbsp;&nbsp; (50000)<br>|
| Shares outstanding, end of period | 350002 | &nbsp;&nbsp; 350002 | &nbsp;&nbsp; 1800002 | &nbsp;&nbsp; 1800002 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is October 30, 2023, which is consistent with the commencement of investment operations and is the date the initial creation
 units were established.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights**

**For a share outstanding throughout each period**

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $12.40 | &nbsp;&nbsp;&nbsp;&nbsp; $10.91 | &nbsp;&nbsp;&nbsp;&nbsp; $9.39 | &nbsp;&nbsp;&nbsp;&nbsp; $13.88 | &nbsp;&nbsp;&nbsp;&nbsp; $10.27 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 0.96<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.72<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.78<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.73<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.52<br>|
| Net realized and unrealized gain (loss) | 3.57<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.52<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.44<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4.52) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.61<br>|
| Total from investment operations | 4.53<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.24<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.22<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3.79) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.13<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (0.82) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.75) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.70) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.70) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.52) <br>|
| Net asset value, end of period | $16.11<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.40<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.91<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.39<br>| &nbsp;&nbsp;&nbsp;&nbsp; $13.88<br>|
| **Total return** (b) | 37.86<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 20.98<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 23.52<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (27.88)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 40.19<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $661493<br>| &nbsp;&nbsp;&nbsp;&nbsp; $159971<br>| &nbsp;&nbsp;&nbsp;&nbsp; $179517<br>| &nbsp;&nbsp;&nbsp;&nbsp; $161050<br>| &nbsp;&nbsp;&nbsp;&nbsp; $286031<br>|
| Ratio of total expenses to average net assets | 0.57<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.59<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.59<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.58<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.58<br> % <br>|
| Ratio of net investment income (loss) to average net assets | 6.64<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.11<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.82<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.36<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.06<br> % <br>|
| Portfolio turnover rate (c) | 31<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 43<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 49<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 57<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 58<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $44.26 | &nbsp;&nbsp;&nbsp;&nbsp; $38.09 | &nbsp;&nbsp;&nbsp;&nbsp; $37.45 | &nbsp;&nbsp;&nbsp;&nbsp; $50.11 | &nbsp;&nbsp;&nbsp;&nbsp; $38.82 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 1.05<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.94<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.05<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.89<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.89<br>|
| Net realized and unrealized gain (loss) | (4.39) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.17<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.63<br>| &nbsp;&nbsp;&nbsp;&nbsp; (11.90) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 10.74<br>|
| Total from investment operations | (3.34) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.11<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.68<br>| &nbsp;&nbsp;&nbsp;&nbsp; (11.01) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 11.63<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (1.24) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.94) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.04) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.65) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.34) <br>|
| Net asset value, end of period | $39.68<br>| &nbsp;&nbsp;&nbsp;&nbsp; $44.26<br>| &nbsp;&nbsp;&nbsp;&nbsp; $38.09<br>| &nbsp;&nbsp;&nbsp;&nbsp; $37.45<br>| &nbsp;&nbsp;&nbsp;&nbsp; $50.11<br>|
| **Total return** (b) | (7.43)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 18.88<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.42<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (22.72)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 29.95<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $15537<br>| &nbsp;&nbsp;&nbsp;&nbsp; $19545<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20632<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24030<br>| &nbsp;&nbsp;&nbsp;&nbsp; $34657<br>|
| Ratio of total expenses to average net assets | 0.61<br> % (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.96<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.92<br> % <br>|
| Ratio of net expenses to average net assets | 0.61<br> % (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> % <br>|
| Ratio of net investment income (loss) to average net assets | 2.64<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.31<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.61<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.08<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.21<br> % <br>|
| Portfolio turnover rate (d) | 36<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 28<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 39<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 70<br> % (e)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year. The total returns would have been lower if certain fees
 had not been waived and expenses reimbursed by the investment advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Includes
 extraordinary expenses. If these extraordinary expenses were not included, the total and net expense ratios would have been 0.60%.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

&nbsp;&nbsp;&nbsp;&nbsp;(e) The
 variation in the portfolio turnover rate is due to the change in the Fund's underlying index effective September 30, 2022, which
 resulted in a complete
 rebalance of the Fund's portfolio.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $24.32 | &nbsp;&nbsp;&nbsp;&nbsp; $20.69 | &nbsp;&nbsp;&nbsp;&nbsp; $18.56 | &nbsp;&nbsp;&nbsp;&nbsp; $24.97 | &nbsp;&nbsp;&nbsp;&nbsp; $17.85 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 1.40<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.21<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.48<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.33<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.22<br>|
| Net realized and unrealized gain (loss) | 4.38<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.81<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6.38) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.10<br>|
| Total from investment operations | 5.78<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.02<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.48<br>| &nbsp;&nbsp;&nbsp;&nbsp; (5.05) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.32<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (1.44) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.39) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.35) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.36) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.20) <br>|
| Net asset value, end of period | $28.66<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.69<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.56<br>| &nbsp;&nbsp;&nbsp;&nbsp; $24.97<br>|
| **Total return** (b) | 24.53<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 24.83<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 18.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (20.98)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 46.94<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $894038<br>| &nbsp;&nbsp;&nbsp;&nbsp; $566743<br>| &nbsp;&nbsp;&nbsp;&nbsp; $634052<br>| &nbsp;&nbsp;&nbsp;&nbsp; $495576<br>| &nbsp;&nbsp;&nbsp;&nbsp; $504454<br>|
| Ratio of total expenses to average net assets | 0.55<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.56<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.56<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.56<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.57<br> % <br>|
| Ratio of net investment income (loss) to average net assets | 5.51<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.42<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.79<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.74<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.11<br> % <br>|
| Portfolio turnover rate (c) | 36<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 36<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 40<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 35<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 38<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $18.11 | &nbsp;&nbsp;&nbsp;&nbsp; $14.56 | &nbsp;&nbsp;&nbsp;&nbsp; $15.15 | &nbsp;&nbsp;&nbsp;&nbsp; $20.92 | &nbsp;&nbsp;&nbsp;&nbsp; $17.45 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 0.24<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.22<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.28<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.25<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.28<br>|
| Net realized and unrealized gain (loss) | 1.12<br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.57<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.58) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (5.75) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.52<br>|
| Total from investment operations | 1.36<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.79<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.30) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (5.50) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.80<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (0.25) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.24) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.29) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.27) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.33) <br>|
| Net asset value, end of period | $19.22<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.11<br>| &nbsp;&nbsp;&nbsp;&nbsp; $14.56<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.15<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.92<br>|
| **Total return** (c) | 7.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 26.18<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.21)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (26.43)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 21.76<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $182574<br>| &nbsp;&nbsp;&nbsp;&nbsp; $196540<br>| &nbsp;&nbsp;&nbsp;&nbsp; $205288<br>| &nbsp;&nbsp;&nbsp;&nbsp; $243931<br>| &nbsp;&nbsp;&nbsp;&nbsp; $385920<br>|
| Ratio of total expenses to average net assets | 0.62<br> % (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.67<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.64<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.61<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.62<br> % <br>|
| Ratio of net expenses to average net assets | 0.61<br> % (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> % <br>|
| Ratio of net investment income (loss) to average net assets | 1.44<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.39<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.64<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.28<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.34<br> % <br>|
| Portfolio turnover rate (e) | 34<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 25<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 21<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 31<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Fund received a payment from the advisor in the amount of $140, which represents less than $0.01 per share. Since the advisor reimbursed the
 Fund, there was no effect on the Fund's total return.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year. The total returns would have been lower if certain fees
 had not been waived and expenses reimbursed by the investment advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Includes
 extraordinary expenses. If these extraordinary expenses were not included, the total and net expense ratios would have been 0.61% and 0.60%,
 respectively.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $67.73 | &nbsp;&nbsp;&nbsp;&nbsp; $50.68 | &nbsp;&nbsp;&nbsp;&nbsp; $43.42 | &nbsp;&nbsp;&nbsp;&nbsp; $53.95 | &nbsp;&nbsp;&nbsp;&nbsp; $42.07 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 0.90<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.80<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.67<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.01<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.87<br>|
| Net realized and unrealized gain (loss) | 7.78<br>| &nbsp;&nbsp;&nbsp;&nbsp; 17.05<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.24<br>| &nbsp;&nbsp;&nbsp;&nbsp; (10.50) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 11.79<br>|
| Total from investment operations | 8.68<br>| &nbsp;&nbsp;&nbsp;&nbsp; 17.85<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.91<br>| &nbsp;&nbsp;&nbsp;&nbsp; (9.49) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 12.66<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (0.89) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.80) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.65) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.04) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.78) <br>|
| Net asset value, end of period | $75.52<br>| &nbsp;&nbsp;&nbsp;&nbsp; $67.73<br>| &nbsp;&nbsp;&nbsp;&nbsp; $50.68<br>| &nbsp;&nbsp;&nbsp;&nbsp; $43.42<br>| &nbsp;&nbsp;&nbsp;&nbsp; $53.95<br>|
| **Total return** (b) | 12.94<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 35.42<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 18.23<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (17.80)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 30.19<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $15104<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10160<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7603<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8685<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10790<br>|
| Ratio of total expenses to average net assets | 0.66<br> % (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.86<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.42<br> % <br>|
| Ratio of net expenses to average net assets | 0.66<br> % (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.69<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>|
| Ratio of net investment income (loss) to average net assets | 1.30<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.35<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.33<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.68<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.81<br> % <br>|
| Portfolio turnover rate (d) | 32<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 26<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 32<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 92<br> % (e)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year. The total returns would have been lower if certain fees
 had not been waived and expenses reimbursed by the investment advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Includes
 extraordinary expenses. If these extraordinary expenses were not included, the total and net expense ratios would have been 0.65%.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

&nbsp;&nbsp;&nbsp;&nbsp;(e) The
 variation in the portfolio turnover rate is due to the change in the Fund's underlying index effective July 29, 2022, which resulted
 in a complete
 rebalance of the Fund's portfolio.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $126.92 | &nbsp;&nbsp;&nbsp;&nbsp; $94.00 | &nbsp;&nbsp;&nbsp;&nbsp; $75.30 | &nbsp;&nbsp;&nbsp;&nbsp; $92.48 | &nbsp;&nbsp;&nbsp;&nbsp; $62.87 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 1.61<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.51<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.27<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.93<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.64<br>|
| Net realized and unrealized gain (loss) | 23.70<br>| &nbsp;&nbsp;&nbsp;&nbsp; 32.76<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18.64<br>| &nbsp;&nbsp;&nbsp;&nbsp; (17.24) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 29.73<br>|
| Total from investment operations | 25.31<br>| &nbsp;&nbsp;&nbsp;&nbsp; 34.27<br>| &nbsp;&nbsp;&nbsp;&nbsp; 19.91<br>| &nbsp;&nbsp;&nbsp;&nbsp; (16.31) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 30.37<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (1.48) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.35) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.21) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.87) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.76) <br>|
| Net asset value, end of period | $150.75<br>| &nbsp;&nbsp;&nbsp;&nbsp; $126.92<br>| &nbsp;&nbsp;&nbsp;&nbsp; $94.00<br>| &nbsp;&nbsp;&nbsp;&nbsp; $75.30<br>| &nbsp;&nbsp;&nbsp;&nbsp; $92.48<br>|
| **Total return** (b) | 20.10<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 36.62<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 26.39<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (17.70)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 48.35<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $3889226<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1846690<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1019863<br>| &nbsp;&nbsp;&nbsp;&nbsp; $538430<br>| &nbsp;&nbsp;&nbsp;&nbsp; $550262<br>|
| Ratio of total expenses to average net assets | 0.57<br> % (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.56<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.57<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.58<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.63<br> % <br>|
| Ratio of net investment income (loss) to average net <br> assets<br>| 1.26<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.37<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.34<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.02<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.11<br> % <br>|
| Portfolio turnover rate (d) | 26<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 23<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 33<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 20<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Includes
 extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.56%.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $13.52 | &nbsp;&nbsp;&nbsp;&nbsp; $12.69 | &nbsp;&nbsp;&nbsp;&nbsp; $12.22 | &nbsp;&nbsp;&nbsp;&nbsp; $12.97 | &nbsp;&nbsp;&nbsp;&nbsp; $9.57 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 0.32<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.79<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.17<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.80<br>|
| Net realized and unrealized gain (loss) | 1.74<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.91<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.46<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.67) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.29<br> (b)<br>|
| Total from investment operations | 2.06<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.51<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.25<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.50<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.09<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (0.36) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.68) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.78) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.25) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.69) <br>|
| Net asset value, end of period | $15.22<br>| &nbsp;&nbsp;&nbsp;&nbsp; $13.52<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.69<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.22<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.97<br>|
| **Total return** (c) | 15.59<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 12.11<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 10.17<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.27<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 42.87<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $105793<br>| &nbsp;&nbsp;&nbsp;&nbsp; $138578<br>| &nbsp;&nbsp;&nbsp;&nbsp; $232839<br>| &nbsp;&nbsp;&nbsp;&nbsp; $199747<br>| &nbsp;&nbsp;&nbsp;&nbsp; $36312<br>|
| Ratio of total expenses to average net assets | 0.71<br> % (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>|
| Ratio of net investment income (loss) to average net assets | 2.42<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.93<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 11.85<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9.06<br> % <br>|
| Portfolio turnover rate (e) | 41<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 71<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 82<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 69<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 99<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 per share amount does not correlate with the aggregate realized and unrealized gain (loss) due to the timing of the Fund share sales and repurchases
 in relation to market value fluctuation of the underlying investments.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Includes
 extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $26.13 | &nbsp;&nbsp;&nbsp;&nbsp; $26.06 | &nbsp;&nbsp;&nbsp;&nbsp; $26.63 | &nbsp;&nbsp;&nbsp;&nbsp; $29.53 | &nbsp;&nbsp;&nbsp;&nbsp; $21.73 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 0.69<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.58<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.76<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.56<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.45<br>|
| Net realized and unrealized gain (loss) | (0.34) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.01) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.37) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.97) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.78<br>|
| Total from investment operations | 0.35<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.57<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.39<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.41) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.23<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (0.63) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.50) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.96) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.49) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.43) <br>|
| Net asset value, end of period | $25.85<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.13<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.06<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.63<br>| &nbsp;&nbsp;&nbsp;&nbsp; $29.53<br>|
| **Total return** (c) | 1.47<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.27<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.35<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (8.28)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 37.94<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $6202<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6270<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12770<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22370<br>| &nbsp;&nbsp;&nbsp;&nbsp; $5609<br>|
| Ratio of total expenses to average net assets | 0.71<br> % (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>|
| Ratio of net investment income (loss) to average net assets | 2.72<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.30<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.66<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.50<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.84<br> % <br>|
| Portfolio turnover rate (e) | 13<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 11<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 26<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 12<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 per share amount does not correlate with the aggregate realized and unrealized gain (loss) due to the timing of the Fund share sales and repurchases
 in relation to market value fluctuation of the underlying investments.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Includes
 extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $87.65 | &nbsp;&nbsp;&nbsp;&nbsp; $68.02 | &nbsp;&nbsp;&nbsp;&nbsp; $55.75 | &nbsp;&nbsp;&nbsp;&nbsp; $76.44 | &nbsp;&nbsp;&nbsp;&nbsp; $59.05 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 1.65<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.59<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.23<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.72<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.95<br>|
| Net realized and unrealized gain (loss) | 16.04<br>| &nbsp;&nbsp;&nbsp;&nbsp; 19.65<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12.14<br>| &nbsp;&nbsp;&nbsp;&nbsp; (20.13) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 17.10<br>|
| Total from investment operations | 17.69<br>| &nbsp;&nbsp;&nbsp;&nbsp; 21.24<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.37<br>| &nbsp;&nbsp;&nbsp;&nbsp; (18.41) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 18.05<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (1.58) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.61) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.10) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.88) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.62) <br>|
| Net realized gain | —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.40) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.04) <br>|
| Total distributions | (1.58) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.61) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.10) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (2.28) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.66) <br>|
| Net asset value, end of period | $103.76<br>| &nbsp;&nbsp;&nbsp;&nbsp; $87.65<br>| &nbsp;&nbsp;&nbsp;&nbsp; $68.02<br>| &nbsp;&nbsp;&nbsp;&nbsp; $55.75<br>| &nbsp;&nbsp;&nbsp;&nbsp; $76.44<br>|
| **Total return** (b) | 20.36<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 31.44<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 24.01<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (24.71)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 30.62<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $409844<br>| &nbsp;&nbsp;&nbsp;&nbsp; $385646<br>| &nbsp;&nbsp;&nbsp;&nbsp; $380930<br>| &nbsp;&nbsp;&nbsp;&nbsp; $471056<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1081610<br>|
| Ratio of total expenses to average net assets | 0.71<br> % (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>|
| Ratio of net investment income (loss) to average net assets | 1.82<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.05<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.86<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.12<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.42<br> % <br>|
| Portfolio turnover rate (d) | 18<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 17<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 21<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 27<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Includes
 extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $58.57 | &nbsp;&nbsp;&nbsp;&nbsp; $51.47 | &nbsp;&nbsp;&nbsp;&nbsp; $40.41 | &nbsp;&nbsp;&nbsp;&nbsp; $58.17 | &nbsp;&nbsp;&nbsp;&nbsp; $39.00 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 0.47<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.53<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.69<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.38<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br>|
| Net realized and unrealized gain (loss) | 14.50<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.12<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11.18<br>| &nbsp;&nbsp;&nbsp;&nbsp; (17.67) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 19.04<br>|
| Total from investment operations | 14.97<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.65<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11.87<br>| &nbsp;&nbsp;&nbsp;&nbsp; (16.29) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 19.64<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (0.87) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.55) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.47) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.47) <br>|
| Net asset value, end of period | $72.67<br>| &nbsp;&nbsp;&nbsp;&nbsp; $58.57<br>| &nbsp;&nbsp;&nbsp;&nbsp; $51.47<br>| &nbsp;&nbsp;&nbsp;&nbsp; $40.41<br>| &nbsp;&nbsp;&nbsp;&nbsp; $58.17<br>|
| **Total return** (b) | 25.78<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.87<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 29.47<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (28.66)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 50.43<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $32703<br>| &nbsp;&nbsp;&nbsp;&nbsp; $35140<br>| &nbsp;&nbsp;&nbsp;&nbsp; $41172<br>| &nbsp;&nbsp;&nbsp;&nbsp; $40415<br>| &nbsp;&nbsp;&nbsp;&nbsp; $63989<br>|
| Ratio of total expenses to average net assets | 0.71<br> % (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>|
| Ratio of net investment income (loss) to average net assets | 0.79<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.94<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.41<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.57<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.17<br> % <br>|
| Portfolio turnover rate (d) | 46<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 32<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 39<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 133<br> % (e)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 42<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Includes
 extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

&nbsp;&nbsp;&nbsp;&nbsp;(e) The
 variation in the portfolio turnover rate is due to the change in the Fund's underlying index effective January 26, 2022, which resulted
 in a complete
 rebalance of the Fund's portfolio.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $102.32 | &nbsp;&nbsp;&nbsp;&nbsp; $75.93 | &nbsp;&nbsp;&nbsp;&nbsp; $60.30 | &nbsp;&nbsp;&nbsp;&nbsp; $105.40 | &nbsp;&nbsp;&nbsp;&nbsp; $78.48 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.18) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.09) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.05) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.79<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.15<br>|
| Net realized and unrealized gain (loss) | 32.25<br>| &nbsp;&nbsp;&nbsp;&nbsp; 26.48<br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.68<br>| &nbsp;&nbsp;&nbsp;&nbsp; (45.08) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 26.95<br>|
| Total from investment operations | 32.07<br>| &nbsp;&nbsp;&nbsp;&nbsp; 26.39<br>| &nbsp;&nbsp;&nbsp;&nbsp; 15.63<br>| &nbsp;&nbsp;&nbsp;&nbsp; (44.29) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 27.10<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.18) <br>|
| Net asset value, end of period | $134.39<br>| &nbsp;&nbsp;&nbsp;&nbsp; $102.32<br>| &nbsp;&nbsp;&nbsp;&nbsp; $75.93<br>| &nbsp;&nbsp;&nbsp;&nbsp; $60.30<br>| &nbsp;&nbsp;&nbsp;&nbsp; $105.40<br>|
| **Total return** (b) | 31.34<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 34.76<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 25.92<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (42.32)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 34.55<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $3205222<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2977532<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2646045<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2954573<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6239449<br>|
| Ratio of total expenses to average net assets | 0.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> % <br>|
| Ratio of net investment income (loss) to average net <br> assets<br>| (0.16)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.10)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.07)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.96<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.16<br> % <br>|
| Portfolio turnover rate (c) | 30<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 35<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 34<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 42<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 33<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $48.50 | &nbsp;&nbsp;&nbsp;&nbsp; $38.50 | &nbsp;&nbsp;&nbsp;&nbsp; $35.71 | &nbsp;&nbsp;&nbsp;&nbsp; $64.09 | &nbsp;&nbsp;&nbsp;&nbsp; $56.64 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 0.37<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.40<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.21<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.54<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.40<br>|
| Net realized and unrealized gain (loss) | 11.54<br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10.03<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.91<br>| &nbsp;&nbsp;&nbsp;&nbsp; (28.51) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.39<br>|
| Total from investment operations | 11.91<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10.43<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.12<br>| &nbsp;&nbsp;&nbsp;&nbsp; (27.97) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.79<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (0.44) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.43) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.33) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.41) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.34) <br>|
| Net asset value, end of period | $59.97<br>| &nbsp;&nbsp;&nbsp;&nbsp; $48.50<br>| &nbsp;&nbsp;&nbsp;&nbsp; $38.50<br>| &nbsp;&nbsp;&nbsp;&nbsp; $35.71<br>| &nbsp;&nbsp;&nbsp;&nbsp; $64.09<br>|
| **Total return** (c) | 24.66<br> % (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 27.15<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.72<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (43.78)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.73<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $158926<br>| &nbsp;&nbsp;&nbsp;&nbsp; $145507<br>| &nbsp;&nbsp;&nbsp;&nbsp; $167491<br>| &nbsp;&nbsp;&nbsp;&nbsp; $321421<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1163259<br>|
| Ratio of total expenses to average net assets | 0.71<br> % (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>|
| Ratio of net investment income (loss) to average net assets | 0.71<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.53<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.74<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.76<br> % <br>|
| Portfolio turnover rate (e) | 118<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 106<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 133<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 119<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 118<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Fund received a payment from the advisor in the amount of $53, which represents less than $0.01 per share. Since the advisor reimbursed the
 Fund, there was no effect on the Fund's total return.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Includes
 extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $59.29 | &nbsp;&nbsp;&nbsp;&nbsp; $45.44 | &nbsp;&nbsp;&nbsp;&nbsp; $38.56 | &nbsp;&nbsp;&nbsp;&nbsp; $48.80 | &nbsp;&nbsp;&nbsp;&nbsp; $34.78 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 0.18<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.27<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.16<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.31<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04<br>|
| Net realized and unrealized gain (loss) | 16.70<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.85<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.88<br>| &nbsp;&nbsp;&nbsp;&nbsp; (10.25) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.04<br>|
| Total from investment operations | 16.88<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.12<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.04<br>| &nbsp;&nbsp;&nbsp;&nbsp; (9.94) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.08<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (0.18) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.27) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.16) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.30) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.06) <br>|
| Net asset value, end of period | $75.99<br>| &nbsp;&nbsp;&nbsp;&nbsp; $59.29<br>| &nbsp;&nbsp;&nbsp;&nbsp; $45.44<br>| &nbsp;&nbsp;&nbsp;&nbsp; $38.56<br>| &nbsp;&nbsp;&nbsp;&nbsp; $48.80<br>|
| **Total return** (b) | 28.49<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 31.12<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 18.29<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (20.53)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 40.50<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $11049071<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6601960<br>| &nbsp;&nbsp;&nbsp;&nbsp; $4964584<br>| &nbsp;&nbsp;&nbsp;&nbsp; $4731083<br>| &nbsp;&nbsp;&nbsp;&nbsp; $4770298<br>|
| Ratio of total expenses to average net assets | 0.59<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.59<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.59<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> % <br>|
| Ratio of net investment income (loss) to average net <br> assets<br>| 0.27<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.50<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.38<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.63<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.07<br> % <br>|
| Portfolio turnover rate (c) | 21<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 39<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 30<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 54<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 35<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $26.70 | &nbsp;&nbsp;&nbsp;&nbsp; $20.82 | &nbsp;&nbsp;&nbsp;&nbsp; $17.10 | &nbsp;&nbsp;&nbsp;&nbsp; $30.55 | &nbsp;&nbsp;&nbsp;&nbsp; $24.88 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | 0.46<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.41<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.30<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.36<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.25<br>|
| Net realized and unrealized gain (loss) | 5.33<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.06<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.72<br>| &nbsp;&nbsp;&nbsp;&nbsp; (13.43) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.75<br>|
| Total from investment operations | 5.79<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.47<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.02<br>| &nbsp;&nbsp;&nbsp;&nbsp; (13.07) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.00<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (0.39) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.59) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.30) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.38) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.33) <br>|
| Net asset value, end of period | $32.10<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26.70<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.82<br>| &nbsp;&nbsp;&nbsp;&nbsp; $17.10<br>| &nbsp;&nbsp;&nbsp;&nbsp; $30.55<br>|
| **Total return** (b) | 21.83<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 31.38<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 23.49<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (42.95)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 24.19<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $4815<br>| &nbsp;&nbsp;&nbsp;&nbsp; $4005<br>| &nbsp;&nbsp;&nbsp;&nbsp; $4164<br>| &nbsp;&nbsp;&nbsp;&nbsp; $5131<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10692<br>|
| Ratio of total expenses to average net assets | 0.71<br> % (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>|
| Ratio of net investment income (loss) to average net assets | 1.61<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.71<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.42<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.31<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.51<br> % <br>|
| Portfolio turnover rate (d) | 105<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 107<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 119<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 118<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 118<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Includes
 extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024** | **2023** | **2022**  | **2021**  |
| Net asset value, beginning of period | $29.51 | &nbsp;&nbsp;&nbsp;&nbsp; $20.97 | &nbsp;&nbsp;&nbsp;&nbsp; $19.49 | &nbsp;&nbsp;&nbsp;&nbsp; $39.96 | &nbsp;&nbsp;&nbsp;&nbsp; $39.08 |
| **Income from investment operations:** |  |  |  |  |  |
| Net investment income (loss)  | (0.02) (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.03<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.08<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.00<br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.18) <br>|
| Net realized and unrealized gain (loss) | 9.55<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.58<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.49<br>| &nbsp;&nbsp;&nbsp;&nbsp; (20.47) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.13<br> (c)<br>|
| Total from investment operations | 9.53<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.61<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.57<br>| &nbsp;&nbsp;&nbsp;&nbsp; (20.47) <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.95<br>|
| **Distributions paid to shareholders from:** |  |  |  |  |  |
| Net investment income | (0.22) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.07) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.09) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.07) <br>|
| Net asset value, end of period | $38.82<br>| &nbsp;&nbsp;&nbsp;&nbsp; $29.51<br>| &nbsp;&nbsp;&nbsp;&nbsp; $20.97<br>| &nbsp;&nbsp;&nbsp;&nbsp; $19.49<br>| &nbsp;&nbsp;&nbsp;&nbsp; $39.96<br>|
| **Total return** (d) | 32.62<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 41.14<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.99<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (51.23)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.42<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |  |
| Net assets, end of period (in 000's) | $48526<br>| &nbsp;&nbsp;&nbsp;&nbsp; $41311<br>| &nbsp;&nbsp;&nbsp;&nbsp; $26208<br>| &nbsp;&nbsp;&nbsp;&nbsp; $29232<br>| &nbsp;&nbsp;&nbsp;&nbsp; $103903<br>|
| Ratio of total expenses to average net assets | 0.66<br> % (e)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>|
| Ratio of net investment income (loss) to average net assets | (0.07)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.13<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.37<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.00<br> % (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.55)% <br>|
| Portfolio turnover rate (g) | 45<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 33<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 29<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 34<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Amount
 represents less than $0.01.

&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 per share amount does not correlate with the aggregate realized and unrealized gain (loss) due to the timing of the Fund share sales and repurchases
 in relation to market value fluctuation of the underlying investments.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Includes
 extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.65%.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Amount
 is less than 0.01%.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

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

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

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Period** <br>**Ended** <br>**9/30/2023 (a)** |
|  | **2025** | **2024** | **Period** <br>**Ended** <br>**9/30/2023 (a)** |
| Net asset value, beginning of period | $23.71 | &nbsp;&nbsp;&nbsp;&nbsp; $19.66 | &nbsp;&nbsp;&nbsp;&nbsp; $19.81 |
| **Income from investment operations:** |  |  |  |
| Net investment income (loss) (b) | 0.68<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.62<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49<br>|
| Net realized and unrealized gain (loss) | 4.89<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.94<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.31) <br>|
| Total from investment operations | 5.57<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.56<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.18<br>|
| **Distributions paid to shareholders from:** |  |  |  |
| Net investment income | (1.17) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.51) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.33) <br>|
| Net asset value, end of period | $28.11<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.71<br>| &nbsp;&nbsp;&nbsp;&nbsp; $19.66<br>|
| **Total return** (c) | 24.91<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 23.28<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.83<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |
| Net assets, end of period (in 000's) | $9838<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8300<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2949<br>|
| Ratio of total expenses to average net assets | 0.76<br> % (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % (e)<br>|
| Ratio of net investment income (loss) to average net assets | 2.93<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.80<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.11<br> % (e)<br>|
| Portfolio turnover rate (f) | 24<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 22<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 12<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is March 2, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Includes
 extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.75%.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

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

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

---

| | | |
|:---|:---|:---|
|  | **Year** <br>**Ended** <br>**9/30/2025** | **Period** <br>**Ended** <br>**9/30/2024 (a)** |
|  | **Year** <br>**Ended** <br>**9/30/2025** | **Period** <br>**Ended** <br>**9/30/2024 (a)** |
| Net asset value, beginning of period | $23.79 | &nbsp;&nbsp;&nbsp;&nbsp; $20.00 |
| **Income from investment operations:** |  |  |
| Net investment income (loss) (b) | 0.62<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.83<br>|
| Net realized and unrealized gain (loss) | 5.58<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.56<br>|
| Total from investment operations | 6.20<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.39<br>|
| **Distributions paid to shareholders from:** |  |  |
| Net investment income | (0.72) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.60) <br>|
| Net asset value, end of period | $29.27<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.79<br>|
| **Total return** (c) | 26.61<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 22.00<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |  |
| Net assets, end of period (in 000's) | $52689<br>| &nbsp;&nbsp;&nbsp;&nbsp; $42824<br>|
| Ratio of total expenses to average net assets | 0.76<br> % (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75<br> % (e)<br>|
| Ratio of net investment income (loss) to average net assets | 2.58<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.88<br> % (e)<br>|
| Portfolio turnover rate (f) | 38<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 30<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is October 30, 2023, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Includes
 extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.75%.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**Notes to Financial Statements**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

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

**1. Organization**

First Trust Exchange-Traded Fund II (the "Trust") is an open-end management investment company organized as a Massachusetts business trust on July 6, 2006, and is registered with the Securities and Exchange Commission under the Investment Company Act of 1940, as amended (the "1940 Act").

This report covers the seventeen funds (each a "Fund" and collectively, the "Funds") listed below:

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

---

| |
|:---|
| First Trust STOXX<sup>®</sup> European Select Dividend Index Fund – (NYSE Arca, Inc. ("NYSE Arca") ticker "FDD") |
| First Trust Alerian Disruptive Technology Real Estate ETF – (NYSE Arca ticker "DTRE") |
| First Trust Dow Jones Global Select Dividend Index Fund – (NYSE Arca ticker "FGD") |
| First Trust Global Wind Energy ETF – (NYSE Arca ticker "FAN") |
| First Trust Alerian U.S. NextGen Infrastructure ETF – (NYSE Arca ticker "RBLD") |
| First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid Infrastructure Index Fund – (Nasdaq, Inc. ("Nasdaq") ticker "GRID") |
| First Trust Indxx Global Natural Resources Income ETF – (Nasdaq ticker "FTRI") |
| First Trust Indxx Global Agriculture ETF – (Nasdaq ticker "FTAG") |
| First Trust Indxx NextG ETF – (Nasdaq ticker "NXTG") |
| First Trust S-Network Future Vehicles & Technology ETF – (Nasdaq ticker "CARZ") |
| First Trust Cloud Computing ETF – (Nasdaq ticker "SKYY") |
| First Trust International Equity Opportunities ETF – (Nasdaq ticker "FPXI") |
| First Trust Nasdaq Cybersecurity ETF – (Nasdaq ticker "CIBR") |
| First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF – (Nasdaq ticker "FPXE") |
| First Trust Dow Jones International Internet ETF – (Nasdaq ticker "FDNI") |
| First Trust Bloomberg Emerging Market Democracies ETF – (NYSE Arca ticker "EMDM") |
| First Trust Emerging Markets Human Flourishing ETF – (NYSE Arca ticker "FTHF") |

---

Each of DTRE, FAN, GRID, FTRI, FTAG, CARZ, FPXI, CIBR, FPXE, FDNI, EMDM and FTHF operates as a non-diversified series of the Trust. Each of FDD, FGD, RBLD, NXTG and SKYY operates as a diversified open-end management investment company as defined in Section 5(b) of the 1940 Act. Each Fund represents a separate series of shares of beneficial interest in the Trust. Unlike conventional mutual funds, each Fund issues and redeems shares on a continuous basis, at net asset value ("NAV"), only in large blocks of shares known as "Creation Units." The investment objective of each Fund is to seek investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of the following indices:

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

---

| | |
|:---|:---|
| **Fund**  | **Index** |
| First Trust STOXX<sup>®</sup> European Select Dividend Index Fund | STOXX<sup>®</sup> Europe Select Dividend 30 Index |
| First Trust Alerian Disruptive Technology Real Estate ETF | Alerian Disruptive Technology Real Estate Index |
| First Trust Dow Jones Global Select Dividend Index Fund | Dow Jones Global Select Dividend Index |
| First Trust Global Wind Energy ETF | ISE Clean Edge Global Wind Energy<sup>TM</sup> Index |
| First Trust Alerian U.S. NextGen Infrastructure ETF | Alerian U.S. NextGen Infrastructure Index |
| First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid <br> Infrastructure Index Fund<br>| Nasdaq Clean Edge Smart Grid Infrastructure<sup>TM</sup> Index |
| First Trust Indxx Global Natural Resources Income ETF | Indxx Global Natural Resources Income Index |
| First Trust Indxx Global Agriculture ETF | Indxx Global Agriculture Index |
| First Trust Indxx NextG ETF | Indxx 5G & NextG Thematic Index<sup>SM</sup> <br>|
| First Trust S-Network Future Vehicles & Technology ETF | S-Network Electric & Future Vehicle Ecosystem Index |
| First Trust Cloud Computing ETF | ISE CTA Cloud Computing<sup>TM</sup> Index |
| First Trust International Equity Opportunities ETF | IPOX<sup>®</sup> International Index |
| First Trust Nasdaq Cybersecurity ETF | Nasdaq CTA Cybersecurity<sup>TM</sup> Index |
| First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF | IPOX<sup>®</sup>-100 Europe Index |
| First Trust Dow Jones International Internet ETF | Dow Jones International Internet Index |
| First Trust Bloomberg Emerging Market Democracies ETF | Bloomberg Emerging Market Democracies Index |
| First Trust Emerging Markets Human Flourishing ETF | Emerging Markets Human Flourishing Index |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

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

**2. Significant Accounting Policies** 

The Funds are each considered an investment company and follow accounting and reporting guidance under Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, "Financial Services-Investment Companies." The following is a summary of significant accounting policies consistently followed by the Funds in the preparation of the financial statements. The preparation of the financial statements in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates.

**A. Portfolio Valuation**

Each Fund's NAV is determined daily as of the close of regular trading on the New York Stock Exchange ("NYSE"), normally 4:00 p.m. Eastern time, on each day the NYSE is open for trading. If the NYSE closes early on a valuation day, the NAV is determined as of that time. Foreign securities are priced using data reflecting the earlier closing of the principal markets for those securities. Each Fund's NAV is calculated by dividing the value of all assets of each Fund (including accrued interest and dividends), less all liabilities (including accrued expenses and dividends declared but unpaid), by the total number of shares outstanding.

Each Fund's investments are valued daily at market value or, in the absence of market value with respect to any portfolio securities, at fair value. Market value prices represent readily available market quotations such as last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are either obtained from a third-party pricing service or are determined by the Pricing Committee of the Funds' investment advisor, First Trust Advisors L.P. ("First Trust" or the "Advisor"), in accordance with valuation procedures approved by the Trust's Board of Trustees, and in accordance with provisions of the 1940 Act and rules thereunder. Investments valued by the Advisor's Pricing Committee, if any, are footnoted as such in the footnotes to the Portfolio of Investments. Each Fund's investments are valued as follows:

Common stocks and other equity securities listed on any national or foreign exchange (excluding Nasdaq and the London Stock Exchange Alternative Investment Market ("AIM")) are valued at the last sale price on the exchange on which they are principally traded or, for Nasdaq and AIM securities, the official closing price. Securities traded on more than one securities exchange are valued at the last sale price or official closing price, as applicable, at the close of the securities exchange representing the primary exchange for such securities.

Securities trading on foreign exchanges or over-the-counter markets that close prior to the NYSE close may be valued using a systematic fair valuation model provided by a third-party pricing service. If these foreign securities meet certain criteria in relation to the valuation model, their valuation is systematically adjusted to reflect the impact of movement in the U.S. market after the close of the foreign markets.

Shares of open-end funds are valued based on NAV per share.

Equity securities traded in an over-the-counter market are valued at the close price or the last trade price.

Overnight repurchase agreements are valued at amortized cost when it represents the most appropriate reflection of fair market value.

Certain securities may not be able to be priced by pre-established pricing methods. Such securities may be valued by the Advisor's Pricing Committee at fair value. These securities generally include, but are not limited to, restricted securities (securities which may not be publicly sold without registration under the Securities Act of 1933, as amended) for which a third-party pricing service is unable to provide a market price; securities whose trading has been formally suspended; a security whose market or fair value price is not available from a pre-established pricing source; a security with respect to which an event has occurred that is likely to materially affect the value of the security after the market has closed but before the calculation of a Fund's NAV or make it difficult or impossible to obtain a reliable market quotation; and a security whose price, as provided by the third-party pricing service, does not reflect the security's fair value. As a general principle, the current fair value of a security would appear to be the amount which the owner might reasonably expect to receive for the security upon its current sale. When fair value prices are used, generally they will differ from market quotations or official closing prices on the applicable exchanges. A variety of factors may be considered in determining the fair value of such securities, including, but not limited to, the following:

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

1)

the last sale price on the exchange on which they are principally traded or, for Nasdaq and AIM securities, the official closing price;

2)

the type of security;

3)

the size of the holding;

4)

the initial cost of the security;

5)

transactions in comparable securities;

6)

price quotes from dealers and/or third-party pricing services;

7)

relationships among various securities;

8)

information obtained by contacting the issuer, analysts, or the appropriate stock exchange;

9)

an analysis of the issuer's financial statements;

10)

the existence of merger proposals or tender offers that might affect the value of the security; and

11)

other relevant factors.

If the securities in question are foreign securities, the following additional information may be considered:

1)

the last sale price on the exchange on which they are principally traded;

2)

the value of similar foreign securities traded on other foreign markets;

3)

ADR trading of similar securities;

4)

closed-end fund or exchange-traded fund trading of similar securities;

5)

foreign currency exchange activity;

6)

the trading prices of financial products that are tied to baskets of foreign securities;

7)

factors relating to the event that precipitated the pricing problem;

8)

whether the event is likely to recur;

9)

whether the effects of the event are isolated or whether they affect entire markets, countries or regions; and

10)

other relevant factors.

In addition, differences between the prices used to calculate a Fund's NAV and the prices used by such Fund's corresponding index could result in a difference between a Fund's performance and the performance of its underlying index.

Because foreign markets may be open on different days than the days during which investors may transact in the shares of a Fund, the value of the Fund's securities may change on the days when investors are not able to transact in the shares of the Fund. The value of the securities denominated in foreign currencies is converted into U.S. dollars using exchange rates determined daily as of the close of regular trading on the NYSE. Any use of a different rate from the rates used by a relevant index may adversely affect the Fund's ability to track the index.

The Funds are subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Level 1 inputs are quoted prices in active markets for identical investments. An active market is a market in which transactions for the investment occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Level 2 inputs are observable inputs, either directly or indirectly, and include the following:

o Quoted prices for similar investments in active markets.

o Quoted prices for identical or similar investments in markets that are non-active. A non-active market is a market where there are few transactions for the investment, the prices are not current, or price quotations vary substantially either over time or among market makers, or in which little information is released publicly.

o Inputs other than quoted prices that are observable for the investment (for example, interest rates and yield curves observable at commonly quoted intervals, volatilities, prepayment speeds, loss severities, credit risks, and default rates).

o Inputs that are derived principally from or corroborated by observable market data by correlation or other means.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Level 3 inputs are unobservable inputs. Unobservable inputs may reflect the reporting entity's own assumptions about the assumptions that market participants would use in pricing the investment.

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments. A summary of the inputs used to value each Fund's investments as of September 30, 2025, is included with each Fund's Portfolio of Investments.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

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

**B. Securities Transactions and Investment Income** 

Securities transactions are recorded as of the trade date. Realized gains and losses from securities transactions are recorded on the identified cost basis. Dividend income is recorded on the ex-dividend date except that certain dividends from foreign securities are recorded as soon as the information becomes available after the ex-dividend date. Interest income, if any, is recorded on the accrual basis.

Withholding taxes and tax reclaims on foreign dividends have been provided for in accordance with each Fund's understanding of the applicable country's tax rules and rates.

Distributions received from a Fund's investments in master limited partnerships ("MLPs") generally are comprised of return of capital and investment income. A Fund records estimated return of capital and investment income based on historical information available from each MLP. These estimates may subsequently be revised based on information received from the MLPs after their tax reporting periods are concluded.

Distributions received from a Fund's investments in real estate investment trusts ("REITs") may be comprised of return of capital, capital gains, and income. The actual character of the amounts received during the year are not known until after the REITs' fiscal year end. A Fund records the character of distributions received from the REITs during the year based on estimates available. The characterization of distributions received by a Fund may be subsequently revised based on information received from the REITs after their tax reporting periods conclude.

**C. Offsetting on the Statements of Assets and Liabilities**

Offsetting assets and liabilities requires entities to disclose both gross and net information about instruments and transactions eligible for offset on the Statements of Assets and Liabilities and disclose instruments and transactions subject to master netting or similar agreements. These disclosure requirements are intended to help investors and other financial statement users better assess the effect or potential effect of offsetting arrangements on a Fund's financial position. The transactions subject to offsetting disclosures are derivative instruments, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions.

This disclosure, if applicable, is included within each Fund's Portfolio of Investments under the heading "Offsetting Assets and Liabilities." For financial reporting purposes, the Funds do not offset financial assets and financial liabilities that are subject to master netting arrangements ("MNAs") or similar agreements on the Statements of Assets and Liabilities. MNAs provide the right, in the event of default (including bankruptcy and insolvency), for the non-defaulting counterparty to liquidate the collateral and calculate the net exposure to the defaulting party or request additional collateral.

**D. Foreign Currency**

The books and records of the Funds are maintained in U.S. dollars. Foreign currencies, investments and other assets and liabilities are translated into U.S. dollars at the exchange rates prevailing at the end of the period. Purchases and sales of investments and items of income and expense are translated on the respective dates of such transactions. Unrealized gains and losses on assets and liabilities, other than investments in securities, which result from changes in foreign currency exchange rates have been included in "Net change in unrealized appreciation (depreciation) on foreign currency translation" on the Statements of Operations. Unrealized gains and losses on investments in securities which result from changes in foreign exchange rates are included with fluctuations arising from changes in market price and are shown in "Net change in unrealized appreciation (depreciation) on investments" on the Statements of Operations. Net realized foreign currency gains and losses include the effect of changes in exchange rates between trade date and settlement date on investment security transactions, foreign currency transactions and interest and dividends received and are included in "Net realized gain (loss) on foreign currency transactions" on the Statements of Operations. The portion of foreign currency gains and losses related to fluctuations in exchange rates between the initial purchase settlement date and subsequent sale trade date is included in "Net realized gain (loss) on investments" on the Statements of Operations.

**E. Securities Lending** 

The Funds may lend securities representing up to 33 1/3% of the value of their total assets to broker-dealers, banks and other institutions to generate additional income. When a Fund loans its portfolio securities, it will receive, at the inception of each loan, collateral equal to at least 102% (for domestic securities) or 105% (for international securities) of the market value of the loaned securities. The collateral amount is valued at the beginning of each business day and is compared to the market value of the loaned securities from the prior business day to determine if additional collateral is required. If additional collateral is required, a request is

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

sent to the borrower. Securities lending involves the risk that the Fund may lose money because the borrower of the Fund's loaned securities fails to return the securities in a timely manner or at all. The Fund could also lose money in the event of (i) a decline in the value of the collateral provided for the loaned securities, (ii) a decline in the value of any investments made with cash collateral or (iii) an increase in the value of the loaned securities if the borrower does not increase the collateral accordingly and the borrower fails to return the securities. These events could also trigger adverse tax consequences for the Funds.

Under the Funds' Securities Lending Agency Agreement, the securities lending agent will generally bear the risk that a borrower may default on its obligation to return loaned securities. Prior to November 14, 2024, Brown Brothers Harriman & Co. was the securities lending agent for RBLD, GRID, FTRI, NXTG, CARZ, FPXI, CIBR and FPXE. The Bank of New York Mellon ("BNY") acts as the Funds' securities lending agent and is responsible for executing the lending of the portfolio securities to creditworthy borrowers for FAN and SKYY, and effective November 14, 2024, for RBLD, GRID, FTRI, NXTG, CARZ, FPXI, CIBR and FPXE and effective July 3, 2025 for FDD, DTRE, FGD, FTAG, FDNI, EMDM and FTHF. The Funds, however, will be responsible for the risks associated with the investment of cash collateral. A Fund may lose money on its investment of cash collateral, which may affect its ability to repay the collateral to the borrower without the use of other Fund assets. Each Fund that engages in securities lending receives compensation (net of any rebate and securities lending agent fees) for lending its securities. Compensation can be in the form of fees received from the securities lending agent or dividends or interest earned from the investment of cash collateral. The fees received from the securities lending agent are accrued daily. The dividend and interest earned on the securities loaned is accounted for in the same manner as other dividend and interest income. At September 30, 2025, FAN, GRID, FTRI, NXTG, CARZ, FPXI, CIBR, and FPXE had securities in the securities lending program. During the fiscal year ended September 30, 2025, FAN, RBLD, GRID, FTRI, NXTG, CARZ, SKYY, FPXI, CIBR, and FPXE participated in the securities lending program.

In the event of a default by a borrower with respect to any loan, BNY will exercise any and all remedies provided under the applicable borrower agreement to make the Funds whole. These remedies include purchasing replacement securities by applying the collateral held from the defaulting broker against the purchase cost of the replacement securities. If, despite such efforts by BNY to exercise these remedies, a Fund sustains losses as a result of a borrower's default, BNY will indemnify the Fund by purchasing replacement securities at its own expense, or paying the Fund an amount equal to the market value of the replacement securities, subject to certain limitations which are set forth in detail in the Securities Lending Agency Agreement between the Trust on behalf of the Funds and BNY.

**F. Repurchase Agreements** 

Repurchase agreements involve the purchase of securities subject to the seller's agreement to repurchase the securities at a mutually agreed upon date and price, under the terms of a Master Repurchase Agreement ("MRA"). During the term of a repurchase agreement, the value of the underlying securities held as collateral on behalf of a Fund, including accrued interest, is required to exceed the value of the repurchase agreement, including accrued interest. The underlying securities for all repurchase agreements are held at the Funds' custodian or designated sub-custodians under tri-party repurchase agreements.

MRAs govern transactions between a Fund and select counterparties. The MRAs contain provisions for, among other things, initiation, income payments, events of default, and maintenance of collateral for repurchase agreements.

Repurchase agreements received for lending securities are collateralized by U.S. Treasury securities. The U.S. Treasury securities are held in a joint custody account at BNY on behalf of the Funds participating in the securities lending program. In the event the counterparty defaults on the repurchase agreement, the U.S. Treasury securities can either be maintained as part of a Fund's portfolio or sold for cash. A Fund could suffer a loss to the extent that the proceeds from the sale of the underlying collateral held by the Fund are less than the repurchase price and the Fund's costs associated with the delay and enforcement of the MRA.

While the Funds may invest in repurchase agreements, any repurchase agreements held by the Funds during the fiscal year ended September 30, 2025, were received as collateral for lending securities.

**G. Dividends and Distributions to Shareholders**

Dividends from net investment income of each Fund, if any, are declared and paid quarterly, or as the Board of Trustees may determine from time to time. Distributions of net realized capital gains earned by each Fund, if any, are distributed at least annually. Each Fund may also designate a portion of the amount paid to redeeming shareholders as a distribution for tax purposes.

Distributions from net investment income and realized capital gains are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP. Certain capital accounts in the financial statements are periodically adjusted for permanent

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

differences in order to reflect their tax character. These permanent differences are primarily due to the varying treatment of income and gain/loss on significantly modified portfolio securities held by the Funds and have no impact on net assets or NAV per share. Temporary differences, which arise from recognizing certain items of income, expense and gain/loss in different periods for financial statement and tax purposes, will reverse at some time in the future.

The tax character of distributions paid by each Fund during the fiscal year ended September 30, 2025 were as follows:

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

---

| | | | |
|:---|:---|:---|:---|
|  | Distributions <br>paid from <br>Ordinary <br>Income<br>| Distributions <br>paid from <br>Capital <br>Gains<br>| Distributions <br>paid from <br>Return of <br>Capital<br>|
| First Trust STOXX<sup>®</sup> European Select Dividend Index Fund | $23162021 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| First Trust Alerian Disruptive Technology Real Estate ETF | 528300 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Dow Jones Global Select Dividend Index Fund | 40298268 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Global Wind Energy ETF | 2273501 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Alerian U.S. NextGen Infrastructure ETF | 161252 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid Infrastructure Index Fund | 28599303 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Indxx Global Natural Resources Income ETF | 2694651 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Indxx Global Agriculture ETF | 150531 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Indxx NextG ETF | 6385818 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust S-Network Future Vehicles & Technology ETF | 437142 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Cloud Computing ETF |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust International Equity Opportunities ETF | 1226051 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Nasdaq Cybersecurity ETF | 21789185 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF | 71241 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Dow Jones International Internet ETF | 310800 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Bloomberg Emerging Market Democracies ETF | 408032 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Emerging Markets Human Flourishing ETF | 1282346 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |

---

The tax character of distributions paid by each Fund during the fiscal period ended September 30, 2024 were as follows:

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

---

| | | | |
|:---|:---|:---|:---|
|  | Distributions <br>paid from <br>Ordinary <br>Income<br>| Distributions <br>paid from <br>Capital <br>Gains<br>| Distributions <br>paid from <br>Return of <br>Capital<br>|
| First Trust STOXX<sup>®</sup> European Select Dividend Index Fund | $10315400 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| First Trust Alerian Disruptive Technology Real Estate ETF | 457041 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Dow Jones Global Select Dividend Index Fund | 35000288 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Global Wind Energy ETF | 2828785 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Alerian U.S. NextGen Infrastructure ETF | 120587 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid Infrastructure Index Fund | 15201118 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Indxx Global Natural Resources Income ETF | 9644266 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Indxx Global Agriculture ETF | 186749 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Indxx NextG ETF | 7852793 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust S-Network Future Vehicles & Technology ETF | 361081 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Cloud Computing ETF |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust International Equity Opportunities ETF | 1443011 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Nasdaq Cybersecurity ETF | 29884371 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF | 101436 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Dow Jones International Internet ETF | 76231 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Bloomberg Emerging Market Democracies ETF | 160950 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Emerging Markets Human Flourishing ETF | 867321 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

As of September 30, 2025, the components of distributable earnings on a tax basis for each Fund were as follows:

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

---

| | | | |
|:---|:---|:---|:---|
|  | Undistributed <br>Ordinary <br>Income<br>| Accumulated <br>Capital and <br>Other <br>Gain (Loss)<br>| Net <br>Unrealized <br>Appreciation <br>(Depreciation)<br>|
| First Trust STOXX<sup>®</sup> European Select Dividend Index Fund | $2599119 | &nbsp;&nbsp; $(83711397)<br>| &nbsp;&nbsp; $81588768 |
| First Trust Alerian Disruptive Technology Real Estate ETF | 243443 | &nbsp;&nbsp; (7761942)<br>| &nbsp;&nbsp; (375921)<br>|
| First Trust Dow Jones Global Select Dividend Index Fund | 8744647 | &nbsp;&nbsp; (223865945)<br>| &nbsp;&nbsp; 123477791 |
| First Trust Global Wind Energy ETF | 283615 | &nbsp;&nbsp; (92848292)<br>| &nbsp;&nbsp; (10374691)<br>|
| First Trust Alerian U.S. NextGen Infrastructure ETF | 12034 | &nbsp;&nbsp; (8316388)<br>| &nbsp;&nbsp; 3683962 |
| First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid Infrastructure Index Fund | 1255752 | &nbsp;&nbsp; (91224835)<br>| &nbsp;&nbsp; 677977427 |
| First Trust Indxx Global Natural Resources Income ETF | 157434 | &nbsp;&nbsp; (104441503)<br>| &nbsp;&nbsp; 7686080 |
| First Trust Indxx Global Agriculture ETF | 7030 | &nbsp;&nbsp; (21705702)<br>| &nbsp;&nbsp; (1257571)<br>|
| First Trust Indxx NextG ETF | 1042041 | &nbsp;&nbsp; (1771956)<br>| &nbsp;&nbsp; 70903482 |
| First Trust S-Network Future Vehicles & Technology ETF | 624733 | &nbsp;&nbsp; (19156892)<br>| &nbsp;&nbsp; 6390053 |
| First Trust Cloud Computing ETF |  | &nbsp;&nbsp; (1369476679)<br>| &nbsp;&nbsp; 741639107 |
| First Trust International Equity Opportunities ETF |  | &nbsp;&nbsp; (339444846)<br>| &nbsp;&nbsp; 41536360 |
| First Trust Nasdaq Cybersecurity ETF | 1581163 | &nbsp;&nbsp; (580710996)<br>| &nbsp;&nbsp; 2917147124 |
| First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF | 7130 | &nbsp;&nbsp; (3546361)<br>| &nbsp;&nbsp; 835666 |
| First Trust Dow Jones International Internet ETF | 919061 | &nbsp;&nbsp; (21048724)<br>| &nbsp;&nbsp; 5410604 |
| First Trust Bloomberg Emerging Market Democracies ETF | 202032 | &nbsp;&nbsp; (98183)<br>| &nbsp;&nbsp; 2335045 |
| First Trust Emerging Markets Human Flourishing ETF | 303430 | &nbsp;&nbsp; (1621038)<br>| &nbsp;&nbsp; 13197000 |

---

**H. Income and Other Taxes**

Each Fund intends to continue to qualify as a regulated investment company by complying with the requirements under Subchapter M of the Internal Revenue Code of 1986, as amended, which includes distributing substantially all of its net investment income and net realized gains to shareholders. Accordingly, no provision has been made for federal and state income taxes. However, due to the timing and amount of distributions, each Fund may be subject to an excise tax of 4% of the amount by which approximately 98% of each Fund's taxable income exceeds the distributions from such taxable income for the calendar year.

Certain countries assess a capital gains tax on securities sold in their local markets. This tax is accrued as the securities in these foreign markets appreciate in value and is paid at the time of sale to the extent a capital gain is realized. Taxes accrued on securities in an unrealized appreciation position are included in "Net change in unrealized appreciation (depreciation) on deferred foreign capital gains tax" on the Statements of Operations. The capital gains tax paid on securities sold, if any, is included in "Net realized gain (loss) on foreign capital gains tax" on the Statements of Operations.

**Capital Gains.** India's Finance Act, 2024 ("Finance Act, 2024") was enacted into law on July 23, 2024, and amongst the other provisions, it increased long-term and short-term capital gain rates on sales of Indian securities, effective that date. As per the amended provisions, the long-term capital gains on the sale of listed shares (sold on a recognized stock exchange and where Securities Transaction Tax ("STT") is paid) in excess of INR 0.125 million are taxed at the rate of 12.5% (plus applicable surcharge and cess), increased from 10% (plus applicable surcharge and cess), subject to satisfaction of certain conditions. As a grandfathering measure, the cost of acquisition for the purpose of calculation of long-term capital asset acquired before February 1, 2018 shall be deemed to be the higher of the following: (a) the actual cost of acquisition of such asset; and (b) lower of (i) the fair market value of such asset as on January 31, 2018 and (ii) full value of consideration as received on its transfer/disposal of the equity shares. The highest effective tax rate on long-term capital gains earned by a Fund could be 14.95% in the case of a non-corporate entity and 13.65% in the case of a corporate entity.

In the case of the sale of listed shares (sold on a recognized stock exchange and where STT is paid) held by a Fund for one year or less, the income is classified as short-term capital gains and is taxable at 20% (plus applicable surcharge and cess), increased from 15% (plus applicable surcharge and cess), provided the shares are sold on the stock exchange and subjected to STT. The highest effective tax rate on short-term capital gains earned by a Fund could be 23.92% in the case of a non-corporate entity and 21.84% in the case of a corporate entity.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

Short-term capital loss can be set-off against both short-term capital gains and long-term capital gains. However, long-term capital loss can be set-off only against long-term capital gains. The unabsorbed (remaining loss after setting off loss during the year against income of the year) short-term and long-term capital loss can be carried forward for immediately succeeding 8 (eight) assessment years.

**Buy back.** Finance Act, 2024 has amended the provisions for taxation of buyback of shares and provided that the gains arising on buyback of shares will be considered as deemed dividend in the hands of the shareholder and taxed accordingly. (Prior to enactment of Finance Act, 2024, the shareholders were exempt from tax on any income arising on buyback and distribution tax at the rate of 20% plus applicable surcharge and cess was payable by the Indian Company on buyback of shares). Further, the cost of acquisition in relation to buyback of shares shall be considered as capital loss in the hands of shareholder and the capital loss can be set off against the capital gain income.

Where the sale of shares is outside the stock exchange and not subject to STT, the long-term capital gains continue to be taxed at 10% (plus applicable surcharge and cess) and short-term capital gains are taxed at 30% (plus applicable surcharge and cess).

**Dividend income.** The dividend income earned by a Fund from Indian Companies shall be chargeable to tax at the rate of 20% (plus applicable surcharge and cess). The highest effective tax rate on dividend income arising to a Fund could be 23.92% in the case of a non-corporate entity and 21.84% in the case of a corporate entity. Note that a Fund will not obtain relief under the US-India tax treaty as the treaty rate of 25% is higher than the domestic rate. Any excess taxes withheld can be offset against capital gains tax liability during the year or claimed as a refund in the annual tax return.

**Interest income.** Interest Income received from the Indian Investee Company shall be continued to be chargeable to tax at the rate of 20% (plus applicable surcharge and cess).

**Other income.** Any other income (other than capital gain, dividend, interest) earned by a Fund shall be chargeable to tax at the rate of 35% (earlier taxable at the rate of 40%) (plus applicable surcharge and cess).

Please note that the above description is based on current provisions of Indian law, and any change or modification made by subsequent legislation, regulation, or administrative or judicial decision could increase the Indian tax liability of a Fund and thus reduce the return to a Fund's shareholders. There can be no assurance that the Indian tax authorities and/or regulators will not take a position contrary to the views expressed herein. If the Indian tax authorities and/or regulators take a position contrary to the views expressed herein, adverse unpredictable consequences may follow.

The Funds are subject to accounting standards that establish a minimum threshold for recognizing, and a system for measuring, the benefits of a tax position taken or expected to be taken in a tax return. For all the Funds except EMDM and FTHF, the taxable years ended 2022, 2023, 2024, and 2025 remain open to federal and state audit. For EMDM, the taxable periods ended 2023, 2024, and 2025 remain open to federal and state audit. For FTHF, the taxable periods ended 2024 and 2025 remain open to federal and state audit. As of September 30, 2025, management has evaluated the application of these standards to the Funds and has determined that no provision for income tax is required in the Funds' financial statements for uncertain tax positions.

Each Fund intends to utilize provisions of the federal income tax laws, which allow it to carry a realized capital loss forward indefinitely following the year of the loss and offset such loss against any future realized capital gains. Each Fund is subject to certain limitations under U.S. tax rules on the use of capital loss carryforwards and net unrealized built-in losses. These limitations apply when there has been a 50% change in ownership. At September 30, 2025, for federal income tax purposes, each applicable Fund had a capital loss carryforward available that is shown in the following table, to the extent provided by regulations, to offset future capital gains. To the extent that these loss carryforwards are used to offset future capital gains, it is probable that the capital gains so offset will not be distributed to each applicable Fund's shareholders.

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

---

| | |
|:---|:---|
|  | Non-Expiring <br>Capital Loss <br>Carryforwards<br>|
| First Trust STOXX<sup>®</sup> European Select Dividend Index Fund | $83711397 |
| First Trust Alerian Disruptive Technology Real Estate ETF\* | 7761942 |
| First Trust Dow Jones Global Select Dividend Index Fund | 223865945 |
| First Trust Global Wind Energy ETF | 92848292 |
| First Trust Alerian U.S. NextGen Infrastructure ETF | 8316388 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

---

| | |
|:---|:---|
|  | Non-Expiring<br> Capital Loss<br> Carryforwards<br>|
| First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid Infrastructure Index Fund | $91224835 |
| First Trust Indxx Global Natural Resources Income ETF | 104441503 |
| First Trust Indxx Global Agriculture ETF | 21705702 |
| First Trust Indxx NextG ETF | 1771956 |
| First Trust S-Network Future Vehicles & Technology ETF | 19156892 |
| First Trust Cloud Computing ETF | 1369476679 |
| First Trust International Equity Opportunities ETF | 339444846 |
| First Trust Nasdaq Cybersecurity ETF | 580710996 |
| First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF | 3546361 |
| First Trust Dow Jones International Internet ETF | 21048724 |
| First Trust Bloomberg Emerging Market Democracies ETF | 98183 |
| First Trust Emerging Markets Human Flourishing ETF | 1621038 |

---

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

\* $75,097 of First Trust Alerian Disruptive Technology Real Estate ETF's non-expiring net capital losses is subject to loss limitation resulting from reorganization activity. This limitation generally reduces the utilization of these losses to a maximum of $38,346 per year. 

During the taxable year ended September 30, 2025, the following Funds utilized capital loss carryforwards in the following amounts:

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

---

| | |
|:---|:---|
|  | Capital Loss <br>Carryforward <br>Utilized<br>|
| First Trust STOXX<sup>®</sup> European Select Dividend Index Fund | $9232479 |
| First Trust Alerian Disruptive Technology Real Estate ETF | 312859 |
| First Trust Alerian U.S. NextGen Infrastructure ETF | 300482 |
| First Trust Indxx Global Natural Resources Income ETF | 4409928 |
| First Trust Indxx NextG ETF | 5620359 |
| First Trust Cloud Computing ETF | 207439064 |
| First Trust International Equity Opportunities ETF | 14027559 |
| First Trust Nasdaq Cybersecurity ETF | 181763718 |
| First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF | 294994 |

---

Certain losses realized during the current fiscal year may be deferred and treated as occurring on the first day of the following fiscal year for federal income tax purposes. For the fiscal year ended September 30, 2025, the Funds had no net late year ordinary or capital losses.

In order to present paid-in capital and accumulated distributable earnings (loss) (which consists of accumulated net investment income (loss), accumulated net realized gain (loss) on investments and net unrealized appreciation (depreciation) on investments) on the Statements of Assets and Liabilities that more closely represent their tax character, certain adjustments have been made to paid-in capital, accumulated net investment income (loss) and accumulated net realized gain (loss) on investments. These adjustments are primarily due to the difference between book and tax treatments of income and gains on various investment securities held by the Funds and in-kind transactions. The results of operations and net assets were not affected by these adjustments. For the fiscal year ended September 30, 2025, the adjustments for each Fund were as follows:

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

---

| | | | |
|:---|:---|:---|:---|
|  | Accumulated <br>Net Investment <br>Income (Loss)<br>| Accumulated <br>Net Realized <br>Gain (Loss) <br>on Investments<br>| Paid-In <br>Capital<br>|
| First Trust STOXX<sup>®</sup> European Select Dividend Index Fund | $204195 | &nbsp;&nbsp; $(6062032)<br>| &nbsp;&nbsp; $5857837 |
| First Trust Alerian Disruptive Technology Real Estate ETF | (15765)<br>| &nbsp;&nbsp; (260040)<br>| &nbsp;&nbsp; 275805 |
| First Trust Dow Jones Global Select Dividend Index Fund | 796106 | &nbsp;&nbsp; (6045701)<br>| &nbsp;&nbsp; 5249595 |
| First Trust Global Wind Energy ETF | 117324 | &nbsp;&nbsp; 1607750 | &nbsp;&nbsp; (1725074)<br>|
| First Trust Alerian U.S. NextGen Infrastructure ETF | 6 | &nbsp;&nbsp; (6)<br>| &nbsp;&nbsp; — |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

---

| | | | |
|:---|:---|:---|:---|
|  | Accumulated<br> Net Investment<br> Income (Loss)<br>| Accumulated<br> Net Realized<br> Gain (Loss)<br> on Investments<br>| Paid-In<br> Capital<br>|
| First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid Infrastructure Index Fund | $(710829)<br>| &nbsp;&nbsp; $(79826891)<br>| &nbsp;&nbsp; $80537720 |
| First Trust Indxx Global Natural Resources Income ETF | (6299)<br>| &nbsp;&nbsp; 118392 | &nbsp;&nbsp; (112093)<br>|
| First Trust Indxx Global Agriculture ETF | (12957)<br>| &nbsp;&nbsp; 12957 | &nbsp;&nbsp; — |
| First Trust Indxx NextG ETF | (301694)<br>| &nbsp;&nbsp; (16716466)<br>| &nbsp;&nbsp; 17018160 |
| First Trust S-Network Future Vehicles & Technology ETF | 228595 | &nbsp;&nbsp; (2466231)<br>| &nbsp;&nbsp; 2237636 |
| First Trust Cloud Computing ETF | 7463557 | &nbsp;&nbsp; (456692937)<br>| &nbsp;&nbsp; 449229380 |
| First Trust International Equity Opportunities ETF | 293770 | &nbsp;&nbsp; (5646076)<br>| &nbsp;&nbsp; 5352306 |
| First Trust Nasdaq Cybersecurity ETF | 206774 | &nbsp;&nbsp; (386054892)<br>| &nbsp;&nbsp; 385848118 |
| First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF | 2464 | &nbsp;&nbsp; (619421)<br>| &nbsp;&nbsp; 616957 |
| First Trust Dow Jones International Internet ETF | 453656 | &nbsp;&nbsp; (13761310)<br>| &nbsp;&nbsp; 13307654 |
| First Trust Bloomberg Emerging Market Democracies ETF | 65862 | &nbsp;&nbsp; (65862)<br>| &nbsp;&nbsp; — |
| First Trust Emerging Markets Human Flourishing ETF | (18618)<br>| &nbsp;&nbsp; (37806)<br>| &nbsp;&nbsp; 56424 |

---

As of September 30, 2025, the aggregate cost, gross unrealized appreciation, gross unrealized depreciation, and net unrealized appreciation/(depreciation) on investments (including short positions and derivatives, if any) for federal income tax purposes were as follows:

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Tax Cost | Gross <br> Unrealized <br>Appreciation<br>| Gross <br> Unrealized <br>(Depreciation)<br>| Net Unrealized <br>Appreciation <br>(Depreciation)<br>|
| First Trust STOXX<sup>®</sup> European Select Dividend Index <br> Fund<br>| $577319439 | &nbsp;&nbsp; $90909651 | &nbsp;&nbsp; $(9418705)<br>| &nbsp;&nbsp; $81490946 |
| First Trust Alerian Disruptive Technology Real Estate <br> ETF<br>| 15818752 | &nbsp;&nbsp; 1281494 | &nbsp;&nbsp; (1656355)<br>| &nbsp;&nbsp; (374861)<br>|
| First Trust Dow Jones Global Select Dividend Index Fund | 765389890 | &nbsp;&nbsp; 163446634 | &nbsp;&nbsp; (40106461)<br>| &nbsp;&nbsp; 123340173 |
| First Trust Global Wind Energy ETF | 218818065 | &nbsp;&nbsp; 30927153 | &nbsp;&nbsp; (41316520)<br>| &nbsp;&nbsp; (10389367)<br>|
| First Trust Alerian U.S. NextGen Infrastructure ETF | 11418963 | &nbsp;&nbsp; 3996338 | &nbsp;&nbsp; (312376)<br>| &nbsp;&nbsp; 3683962 |
| First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid <br> Infrastructure Index Fund<br>| 3225267609 | &nbsp;&nbsp; 795667777 | &nbsp;&nbsp; (117847097)<br>| &nbsp;&nbsp; 677820680 |
| First Trust Indxx Global Natural Resources Income ETF | 98721786 | &nbsp;&nbsp; 17418426 | &nbsp;&nbsp; (9676636)<br>| &nbsp;&nbsp; 7741790 |
| First Trust Indxx Global Agriculture ETF | 7437852 | &nbsp;&nbsp; 880049 | &nbsp;&nbsp; (2067481)<br>| &nbsp;&nbsp; (1187432)<br>|
| First Trust Indxx NextG ETF | 350889603 | &nbsp;&nbsp; 108658283 | &nbsp;&nbsp; (37562920)<br>| &nbsp;&nbsp; 71095363 |
| First Trust S-Network Future Vehicles & Technology <br> ETF<br>| 27979320 | &nbsp;&nbsp; 9219845 | &nbsp;&nbsp; (2829825)<br>| &nbsp;&nbsp; 6390020 |
| First Trust Cloud Computing ETF | 2474015134 | &nbsp;&nbsp; 1020736009 | &nbsp;&nbsp; (279096902)<br>| &nbsp;&nbsp; 741639107 |
| First Trust International Equity Opportunities ETF | 128601982 | &nbsp;&nbsp; 42209206 | &nbsp;&nbsp; (677894)<br>| &nbsp;&nbsp; 41531312 |
| First Trust Nasdaq Cybersecurity ETF | 8939063803 | &nbsp;&nbsp; 3298241598 | &nbsp;&nbsp; (381106293)<br>| &nbsp;&nbsp; 2917135305 |
| First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF | 3977790 | &nbsp;&nbsp; 983204 | &nbsp;&nbsp; (148125)<br>| &nbsp;&nbsp; 835079 |
| First Trust Dow Jones International Internet ETF | 41659080 | &nbsp;&nbsp; 9840690 | &nbsp;&nbsp; (4430109)<br>| &nbsp;&nbsp; 5410581 |
| First Trust Bloomberg Emerging Market Democracies <br> ETF<br>| 7489637 | &nbsp;&nbsp; 2887744 | &nbsp;&nbsp; (510390)<br>| &nbsp;&nbsp; 2377354 |
| First Trust Emerging Markets Human Flourishing ETF | 39377696 | &nbsp;&nbsp; 14197650 | &nbsp;&nbsp; (1003756)<br>| &nbsp;&nbsp; 13193894 |

---

**I. Expenses**

Expenses that are directly related to one of the Funds are charged directly to the respective Fund, except for First Trust Alerian Disruptive Technology Real Estate ETF, First Trust Alerian U.S. NextGen Infrastructure ETF, First Trust Indxx Global Natural Resources Income ETF, First Trust Indxx Global Agriculture ETF, First Trust Indxx NextG ETF, First Trust S-Network Future Vehicles & Technology ETF, First Trust Cloud Computing ETF, First Trust International Equity Opportunities ETF, First Trust Nasdaq Cybersecurity ETF, First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF, First Trust Dow Jones International Internet ETF, First Trust Bloomberg Emerging Market Democracies ETF, and First Trust Emerging Markets Human Flourishing ETF (the "Unitary

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

Fee Funds"), for which expenses other than excluded expenses (discussed in Note 3) are paid by the Advisor. General expenses of the Trust are allocated to all the Funds based upon the net assets of each Fund.

First Trust has entered into licensing agreements with each of the following "Licensors" for the respective Funds:

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

---

| | |
|:---|:---|
| **Fund**  | **Licensor** |
| First Trust STOXX<sup>®</sup> European Select Dividend Index Fund | STOXX Limited |
| First Trust Alerian Disruptive Technology Real Estate ETF | VettaFi LLC |
| First Trust Dow Jones Global Select Dividend Index Fund | S&P Dow Jones Indices LLC |
| First Trust Global Wind Energy ETF | Nasdaq, Inc. |
| First Trust Alerian U.S. NextGen Infrastructure ETF | VettaFi LLC |
| First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid <br> Infrastructure Index Fund<br>| Nasdaq, Inc. |
| First Trust Indxx Global Natural Resources Income ETF | Indxx, Inc. |
| First Trust Indxx Global Agriculture ETF | Indxx, Inc. |
| First Trust Indxx NextG ETF | Indxx, Inc. |
| First Trust S-Network Future Vehicles & Technology ETF | VettaFi LLC |
| First Trust Cloud Computing ETF | Nasdaq, Inc. |
| First Trust International Equity Opportunities ETF | IPOX<sup>®</sup> Schuster LLC |
| First Trust Nasdaq Cybersecurity ETF | Nasdaq, Inc. |
| First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF | IPOX<sup>®</sup> Schuster LLC |
| First Trust Dow Jones International Internet ETF | S&P Dow Jones Indices LLC |
| First Trust Bloomberg Emerging Market Democracies ETF | Bloomberg Index Services Limited |
| First Trust Emerging Markets Human Flourishing ETF | Oak City Consulting, LLC |

---

The respective license agreements allow for the use by First Trust of each Fund's respective index and of certain trademarks and trade names of the respective Licensors. The Funds are sub-licensees to the applicable license agreements. The Funds, except for the Unitary Fee Funds, are required to pay licensing fees, which are shown on the Statements of Operations. The licensing fees for the Unitary Fee Funds are paid by First Trust from the unitary investment advisory fees it receives from each of these Funds.

**J. Segment Reporting**

Each Fund has adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures. Adoption of the standard impacted financial statement disclosures only and did not affect each Fund's financial position or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The CODM is the President and Chief Executive Officer of each Fund. Each Fund operates as a single operating segment. Each Fund's income, expenses, assets, changes in net assets resulting from operations and performance are regularly monitored and assessed as a whole by the CODM responsible for oversight functions of each Fund, using the information presented in the financial statements and financial highlights.

**3. Investment Advisory Fee, Affiliated Transactions and Other Fee Arrangements**

First Trust, the investment advisor to the Funds, is a limited partnership with one limited partner, Grace Partners of DuPage L.P., and one general partner, The Charger Corporation. The Charger Corporation is an Illinois corporation controlled by James A. Bowen, Chief Executive Officer of First Trust. First Trust is responsible for the selection and ongoing monitoring of the securities in each Fund's portfolio, managing the Funds' business affairs and providing certain administrative services necessary for the management of the Funds.

For the Unitary Fee Funds, First Trust is paid an annual unitary management fee based on a percentage of each Fund's average daily net assets and is responsible for the expenses of such Fund including the cost of transfer agency, custody, fund administration, legal, audit, license and other services, and excluding fee payments under the Investment Management Agreement, distribution and service fees pursuant to a Rule 12b-1 plan, if any, brokerage expenses, acquired fund fees and expenses, taxes, interest, and extraordinary expenses. The annual unitary management fee payable by each Fund to First Trust for these services will be reduced at certain levels of each Fund's net assets ("breakpoints") and calculated pursuant to the following schedule:

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

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

---

| | | | |
|:---|:---|:---|:---|
| Breakpoints | RBLD | SKYY | CIBR |
| Fund net assets up to and including $2.5 billion | 0.65000<br> %<br>| 0.600<br> %<br>| 0.600<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.63375<br> %<br>| 0.585<br> %<br>| 0.585<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.61750<br> %<br>| 0.570<br> %<br>| 0.570<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.60125<br> %<br>| 0.555<br> %<br>| 0.555<br> %<br>|
| Fund net assets greater than $10 billion up to and including $15 billion | 0.58500<br> %<br>| 0.540<br> %<br>| 0.540<br> %<br>|
| Fund net assets greater than $15 billion | 0.55250<br> %<br>| 0.510<br> %<br>| 0.510<br> %<br>|

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| Breakpoints | DTRE | FTRI | FTAG | NXTG |
| Fund net assets up to and including $2.5 billion | 0.600<br> %<br>| 0.7000<br> %<br>| 0.7000<br> %<br>| 0.7000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.585<br> %<br>| 0.6825<br> %<br>| 0.6825<br> %<br>| 0.6825<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.570<br> %<br>| 0.6650<br> %<br>| 0.6650<br> %<br>| 0.6650<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.555<br> %<br>| 0.6475<br> %<br>| 0.6475<br> %<br>| 0.6475<br> %<br>|
| Fund net assets greater than $10 billion | 0.540<br> %<br>| 0.6300<br> %<br>| 0.6300<br> %<br>| 0.6300<br> %<br>|

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| Breakpoints | CARZ | FPXI | FPXE | FDNI |
| Fund net assets up to and including $2.5 billion | 0.7000<br> %<br>| 0.7000<br> %<br>| 0.7000<br> %<br>| 0.65000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.6825<br> %<br>| 0.6825<br> %<br>| 0.6825<br> %<br>| 0.63375<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.6650<br> %<br>| 0.6650<br> %<br>| 0.6650<br> %<br>| 0.61750<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.6475<br> %<br>| 0.6475<br> %<br>| 0.6475<br> %<br>| 0.60125<br> %<br>|
| Fund net assets greater than $10 billion | 0.6300<br> %<br>| 0.6300<br> %<br>| 0.6300<br> %<br>| 0.58500<br> %<br>|

---

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

---

| | | |
|:---|:---|:---|
| Breakpoints | EMDM | FTHF |
| Fund net assets up to and including $2.5 billion | 0.75000<br> %<br>| 0.75000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.73125<br> %<br>| 0.73125<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.71250<br> %<br>| 0.71250<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.69375<br> %<br>| 0.69375<br> %<br>|
| Fund net assets greater than $10 billion | 0.67500<br> %<br>| 0.67500<br> %<br>|

---

For the First Trust STOXX<sup>®</sup> European Select Dividend Index Fund, First Trust Dow Jones Global Select Dividend Index Fund, First Trust Global Wind Energy ETF, and First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid Infrastructure Index Fund (such Funds, the "Expense Cap Funds"), First Trust is paid an annual management fee based on a percentage of each Fund's average daily net assets and calculated pursuant to the following schedule:

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

---

| | |
|:---|:---|
| Breakpoints |  |
| Fund net assets up to and including $2.5 billion | 0.40<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.39<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.38<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.37<br> %<br>|
| Fund net assets greater than $10 billion | 0.36<br> %<br>|

---

For the Expense Cap Funds, the Trust and the Advisor have entered into an Expense Reimbursement and Fee Waiver Agreement ("Agreement") in which First Trust has agreed to waive fees and/or reimburse Fund expenses to the extent that the operating expenses of each Fund (excluding interest expense, brokerage commissions and other trading expenses, acquired fund fees and expenses, taxes and extraordinary expenses) exceed the following amount as a percentage of average daily net assets per year (the "Expense Cap"). The Expense Cap will be in effect until at least January 31, 2027.

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

---

| | |
|:---|:---|
|  | Expense Cap |
| First Trust STOXX<sup>®</sup> European Select Dividend Index Fund | 0.60<br> %<br>|
| First Trust Dow Jones Global Select Dividend Index Fund | 0.60<br> %<br>|
| First Trust Global Wind Energy ETF | 0.60<br> %<br>|
| First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid Infrastructure Index Fund | 0.70<br> %<br>|

---

During the fiscal year ended September 30, 2025, FAN and FPXI received a payment from the Advisor in the amount of $140 and $53, respectively, in connection with a trade error.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

The Trust has multiple service agreements with BNY. Under the service agreements, BNY performs custodial, fund accounting, certain administrative services, and transfer agency services for each Fund. As custodian, BNY is responsible for custody of each Fund's assets. As fund accountant and administrator, BNY is responsible for maintaining the books and records of each Fund's securities and cash. As transfer agent, BNY is responsible for maintaining shareholder records for each Fund. BNY is a subsidiary of The Bank of New York Mellon Corporation, a financial holding company.

Each Trustee who is not an officer or employee of First Trust, any sub-advisor or any of their affiliates ("Independent Trustees") is paid a fixed annual retainer that is allocated equally among each fund in the First Trust Fund Complex. Each Independent Trustee is also paid an annual per fund fee that varies based on whether the fund is a closed-end or other actively managed fund, a target outcome fund or an index fund.

Additionally, the Chairs of the Audit Committee, Nominating and Governance Committee and Valuation Committee, the Vice Chair of the Audit Committee, the Lead Independent Trustee and the Vice Lead Independent Trustee are paid annual fees to serve in such capacities, with such compensation allocated pro rata among each fund in the First Trust Fund Complex based on net assets. Independent Trustees are reimbursed for travel and out-of-pocket expenses in connection with all meetings. The Committee Chairs, the Audit Committee Vice Chair, the Lead Independent Trustee and the Vice Lead Independent Trustee rotate periodically in serving in such capacities. The officers and "Interested" Trustee receive no compensation from the Trust for acting in such capacities.

**4. Purchases and Sales of Securities** 

For the fiscal year ended September 30, 2025, the cost of purchases and proceeds from sales of investments for each Fund, excluding short-term investments and in-kind transactions, were as follows:

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

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| First Trust STOXX<sup>®</sup> European Select Dividend Index Fund | $110933708 | &nbsp;&nbsp; $106477882 |
| First Trust Alerian Disruptive Technology Real Estate ETF | 6089873 | &nbsp;&nbsp; 6042785 |
| First Trust Dow Jones Global Select Dividend Index Fund | 292698137 | &nbsp;&nbsp; 240587918 |
| First Trust Global Wind Energy ETF | 59869806 | &nbsp;&nbsp; 53710837 |
| First Trust Alerian U.S. NextGen Infrastructure ETF | 4188126 | &nbsp;&nbsp; 4195005 |
| First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid Infrastructure Index Fund | 755433610 | &nbsp;&nbsp; 617858652 |
| First Trust Indxx Global Natural Resources Income ETF | 43622807 | &nbsp;&nbsp; 44313601 |
| First Trust Indxx Global Agriculture ETF | 807897 | &nbsp;&nbsp; 808451 |
| First Trust Indxx NextG ETF | 67126499 | &nbsp;&nbsp; 66817287 |
| First Trust S-Network Future Vehicles & Technology ETF | 14067726 | &nbsp;&nbsp; 14927789 |
| First Trust Cloud Computing ETF | 1019835378 | &nbsp;&nbsp; 1025765024 |
| First Trust International Equity Opportunities ETF | 168924445 | &nbsp;&nbsp; 170253284 |
| First Trust Nasdaq Cybersecurity ETF | 1825146671 | &nbsp;&nbsp; 1835122843 |
| First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF | 4592072 | &nbsp;&nbsp; 4597456 |
| First Trust Dow Jones International Internet ETF | 50885977 | &nbsp;&nbsp; 20705139 |
| First Trust Bloomberg Emerging Market Democracies ETF | 1958967 | &nbsp;&nbsp; 2116799 |
| First Trust Emerging Markets Human Flourishing ETF | 16401066 | &nbsp;&nbsp; 16323941 |

---

For the fiscal year ended September 30, 2025, the cost of in-kind purchases and proceeds from in-kind sales for each Fund were as follows:

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

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| First Trust STOXX<sup>®</sup> European Select Dividend Index Fund | $439921605 | &nbsp;&nbsp; $30436297 |
| First Trust Alerian Disruptive Technology Real Estate ETF |  | &nbsp;&nbsp; 1997622 |
| First Trust Dow Jones Global Select Dividend Index Fund | 189999273 | &nbsp;&nbsp; 37815148 |
| First Trust Global Wind Energy ETF | 27682776 | &nbsp;&nbsp; 47500072 |
| First Trust Alerian U.S. NextGen Infrastructure ETF | 3342298 | &nbsp;&nbsp; — |
| First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid Infrastructure Index Fund | 1647577712 | &nbsp;&nbsp; 227800077 |
| First Trust Indxx Global Natural Resources Income ETF | 8936065 | &nbsp;&nbsp; 49208534 |
| First Trust Indxx Global Agriculture ETF |  | &nbsp;&nbsp; — |
| First Trust Indxx NextG ETF | 22046497 | &nbsp;&nbsp; 61129805 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| First Trust S-Network Future Vehicles & Technology ETF | $2760220 | &nbsp;&nbsp; $10692610 |
| First Trust Cloud Computing ETF | 540951986 | &nbsp;&nbsp; 1131223063 |
| First Trust International Equity Opportunities ETF |  | &nbsp;&nbsp; 16474265 |
| First Trust Nasdaq Cybersecurity ETF | 2966047661 | &nbsp;&nbsp; 585568146 |
| First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF | 1511086 | &nbsp;&nbsp; 1579948 |
| First Trust Dow Jones International Internet ETF | 45326413 | &nbsp;&nbsp; 91022684 |
| First Trust Bloomberg Emerging Market Democracies ETF |  | &nbsp;&nbsp; — |
| First Trust Emerging Markets Human Flourishing ETF | 532655 | &nbsp;&nbsp; 495514 |

---

**5. Creations, Redemptions and Transaction Fees**

Each Fund generally issues and redeems its shares in primary market transactions through a creation and redemption mechanism and does not sell or redeem individual shares. Instead, financial entities known as "Authorized Participants" have contractual arrangements with a Fund or one of the Fund's service providers to purchase and redeem Fund shares directly with the Fund in Creation Units. Prior to the start of trading on every business day, a Fund publishes through the National Securities Clearing Corporation the "basket" of securities, cash or other assets that it will accept in exchange for a Creation Unit of the Fund's shares. An Authorized Participant that wishes to effectuate a creation of a Fund's shares deposits with the Fund the "basket" of securities, cash or other assets identified by the Fund that day, and then receives the Creation Unit of the Fund's shares in return for those assets. After purchasing a Creation Unit, the Authorized Participant may continue to hold the Fund's shares or sell them in the secondary market. The redemption process is the reverse of the purchase process: the Authorized Participant redeems a Creation Unit of a Fund's shares for a basket of securities, cash or other assets. The combination of the creation and redemption process with secondary market trading in a Fund's shares and underlying securities provides arbitrage opportunities that are designed to help keep the market price of a Fund's shares at or close to the NAV per share of the Fund.

Each Fund imposes fees in connection with the purchase of Creation Units. These fees may vary based upon various fact-based circumstances, including, but not limited to, the composition of the securities included in the Creation Unit or the countries in which the transactions are settled. The price for each Creation Unit will equal the daily NAV per share of a Fund times the number of shares in a Creation Unit, plus the fees described above and, if applicable, any operational processing and brokerage costs, transfer fees, stamp taxes and part or all of the spread between the expected bid and offer side of the market related to the securities comprising the creation basket.

Each Fund also imposes fees in connection with the redemption of Creation Units. These fees may vary based upon various fact-based circumstances, including, but not limited to, the composition of the securities included in the Creation Unit or the countries in which the transactions are settled. The price received for each Creation Unit will equal the daily NAV per share of a Fund times the number of shares in a Creation Unit, minus the fees described above and, if applicable, any operational processing and brokerage costs, transfer fees, stamp taxes and part or all of the spread between the expected bid and offer side of the market related to the securities comprising the redemption basket. Investors who use the services of a broker or other such intermediary in addition to an Authorized Participant to effect a redemption of a Creation Unit may also be assessed an amount to cover the cost of such services. The redemption fee charged by a Fund will comply with Rule 22c-2 of the 1940 Act which limits redemption fees to no more than 2% of the value of the shares redeemed.

**6. Distribution Plan** 

The Board of Trustees adopted a Distribution and Service Plan pursuant to Rule 12b-1 under the 1940 Act. In accordance with the Rule 12b-1 plan, the Funds are authorized to pay an amount up to 0.25% of their average daily net assets each year to reimburse First Trust Portfolios L.P. ("FTP"), the distributor of the Funds, for amounts expended to finance activities primarily intended to result in the sale of Creation Units or the provision of investor services. FTP may also use this amount to compensate securities dealers or other persons that are Authorized Participants for providing distribution assistance, including broker-dealer and shareholder support and educational and promotional services.

No 12b-1 fees are currently paid by the Funds, and pursuant to a contractual arrangement, no 12b-1 fees will be paid any time before January 31, 2027.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

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

**7. Indemnification**

The Trust, on behalf of the Funds, has a variety of indemnification obligations under contracts with its service providers. The Trust's maximum exposure under these arrangements is unknown. However, the Trust has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

**8. Subsequent Events**

Management has evaluated the impact of all subsequent events on the Funds through the date the financial statements were issued and has determined that there were no subsequent events requiring recognition or disclosure in the financial statements that have not already been disclosed.

------

**Report of Independent Registered Public Accounting Firm**

**To the Shareholders and the Board of Trustees of First Trust Exchange-Traded Fund II:**

**Opinion on the Financial Statements and Financial Highlights**

We have audited the accompanying statements of assets and liabilities, including the portfolios of investments, of First Trust STOXX<sup>®</sup> European Select Dividend Index Fund, First Trust Alerian Disruptive Technology Real Estate ETF, First Trust Dow Jones Global Select Dividend Index Fund, First Trust Global Wind Energy ETF, First Trust Alerian U.S. NextGen Infrastructure ETF, First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid Infrastructure Index Fund, First Trust Indxx Global Natural Resources Income ETF, First Trust Indxx Global Agriculture ETF, First Trust Indxx NextG ETF, First Trust S-Network Future Vehicles & Technology ETF, First Trust Cloud Computing ETF, First Trust International Equity Opportunities ETF, First Trust Nasdaq Cybersecurity ETF, First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF, First Trust Dow Jones International Internet ETF, First Trust Bloomberg Emerging Market Democracies ETF, and First Trust Emerging Markets Human Flourishing ETF (the "Funds"), each a series of the First Trust Exchange-Traded Fund II, as of September 30, 2025, the related statements of operations for the year then ended, statements of changes in net assets and financial highlights for each of the periods indicated in the table below; and the related notes (collectively referred to as the "financial statements and financial highlights"). In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Funds as of September 30, 2025, and the results of their operations for the year then ended, and the changes in their net assets and the financial highlights for each of the periods indicated in the table below, in conformity with accounting principles generally accepted in the United States of America.

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

---

| | | |
|:---|:---|:---|
| **Individual Funds** <br>**Included in the Trust**<br>| **Statements of Changes** <br>**in Net Assets**<br>| **Financial Highlights** |
| First Trust STOXX<sup>®</sup> European <br> Select Dividend Index Fund<br>| For the years ended <br> September 30, 2025 and 2024 | For the years ended September 30, 2025, 2024, 2023, 2022, and <br> 2021 |
| First Trust Alerian Disruptive <br> Technology Real Estate ETF<br>| For the years ended <br> September 30, 2025 and 2024 | For the years ended September 30, 2025, 2024, 2023, 2022, and <br> 2021 |
| First Trust Dow Jones Global <br> Select Dividend Index Fund<br>| For the years ended <br> September 30, 2025 and 2024 | For the years ended September 30, 2025, 2024, 2023, 2022, and <br> 2021 |
| First Trust Global Wind Energy <br> ETF<br>| For the years ended <br> September 30, 2025 and 2024 | For the years ended September 30, 2025, 2024, 2023, 2022, and <br> 2021 |
| First Trust Alerian U.S. NextGen <br> Infrastructure ETF<br>| For the years ended <br> September 30, 2025 and 2024 | For the years ended September 30, 2025, 2024, 2023, 2022, and <br> 2021 |
| First Trust NASDAQ<sup>®</sup> Clean <br> Edge<sup>®</sup> Smart Grid <br> Infrastructure Index Fund<br>| For the years ended <br> September 30, 2025 and 2024 | For the years ended September 30, 2025, 2024, 2023, 2022, and <br> 2021 |
| First Trust Indxx Global Natural <br> Resources Income ETF<br>| For the years ended <br> September 30, 2025 and 2024 | For the years ended September 30, 2025, 2024, 2023, 2022, and <br> 2021 |
| First Trust Indxx Global <br> Agriculture ETF<br>| For the years ended <br> September 30, 2025 and 2024 | For the years ended September 30, 2025, 2024, 2023, 2022, and <br> 2021 |
| First Trust Indxx NextG ETF | For the years ended <br> September 30, 2025 and 2024 | For the years ended September 30, 2025, 2024, 2023, 2022, and <br> 2021 |
| First Trust S-Network Future <br> Vehicles & Technology ETF<br>| For the years ended <br> September 30, 2025 and 2024 | For the years ended September 30, 2025, 2024, 2023, 2022, and <br> 2021 |
| First Trust Cloud Computing <br> ETF<br>| For the years ended <br> September 30, 2025 and 2024 | For the years ended September 30, 2025, 2024, 2023, 2022, and <br> 2021 |
| First Trust International Equity <br> Opportunities ETF<br>| For the years ended <br> September 30, 2025 and 2024 | For the years ended September 30, 2025, 2024, 2023, 2022, and <br> 2021 |
| First Trust Nasdaq Cybersecurity <br> ETF<br>| For the years ended <br> September 30, 2025 and 2024 | For the years ended September 30, 2025, 2024, 2023, 2022, and <br> 2021 |
| First Trust IPOX<sup>®</sup> Europe Equity <br> Opportunities ETF<br>| For the years ended <br> September 30, 2025 and 2024 | For the years ended September 30, 2025, 2024, 2023, 2022, and <br> 2021 |
| First Trust Dow Jones <br> International Internet ETF<br>| For the years ended <br> September 30, 2025 and 2024 | For the years ended September 30, 2025, 2024, 2023, 2022, and <br> 2021 |

---

------

**Report of Independent Registered Public Accounting Firm (Continued)**

---

| | | |
|:---|:---|:---|
| **Individual Funds**<br> **Included in the Trust**<br>| **Statements of Changes**<br> **in Net Assets**<br>| **Financial Highlights** |
| First Trust Bloomberg Emerging <br> Market Democracies ETF<br>| For the years ended <br> September 30, 2025 and 2024<br>| For the years ended September 30, 2025, 2024, and for the <br> period from March 2, 2023 (commencement of investment <br> operations) through September 30, 2023<br>|
| First Trust Emerging Markets <br> Human Flourishing ETF<br>| For the year ended September 30, 2025, and for the period from October 30, 2023 <br> (commencement of investment operations) through September 30, 2024 | For the year ended September 30, 2025, and for the period from October 30, 2023 <br> (commencement of investment operations) through September 30, 2024 |

---

**Basis for Opinion**

These financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Funds are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of September 30, 2025, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche, LLP

Chicago, Illinois

November 19, 2025

We have served as the auditor of one or more First Trust investment companies since 2001.

------

**Other Information**

**First Trust Exchange-Traded Fund II**

**September 30, 2025 (Unaudited)**

**Changes in and Disagreements with Accountants (Item 8 of Form N-CSR)**

There were no changes in or disagreements with the Funds' accountants during the fiscal year ended September 30, 2025.

**Proxy Disclosures (Item 9 of Form N-CSR)**

At a special meeting of shareholders of First Trust Exchange-Traded Fund II (the "Trust") that was held on August 12, 2025 (the "Special Meeting"), shareholders of record as of June 9, 2025 (the "Record Date") approved a proposal (the "Proposal") to elect or re-elect, as applicable, each of the eight nominees listed below to the Board of Trustees of the Trust (the "Board"). Shareholders of each series of the Trust that had publicly offered shares as of the Record Date (each, a "fund") voted together with shareholders of the other funds on the Proposal, and the results are set forth below. There were no broker non-votes.

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

---

| | |
|:---|:---|
| James A. Bowen\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183255235 <br>2032763<br>|
| Thomas J. Driscoll\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183447939 <br>1840059<br>|
| Richard E. Erickson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183115156 <br>2172842<br>|
| Thomas R. Kadlec\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182950349 <br>2337649<br>|
| Denise M. Keefe\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183413269 <br>1874729<br>|
| Robert F. Keith\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183207787 <br>2080211<br>|
| Niel B. Nielson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183162299 <br>2125699<br>|
| Bronwyn Wright\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93673484 <br>91614514<br>|

---

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

\* This nominee was re-elected to the Board at the Special Meeting.

\*\* This nominee was elected to the Board as a new Trustee at the Special Meeting.

\*\*\* This nominee was elected to the Board at the Special Meeting and had previously been appointed to the Board.

**Remuneration Paid to Directors, Officers, and Others (Item 10 of Form N-CSR)**

For the Expense Cap Funds (as defined in the Notes to Financial Statements), the applicable aggregate remuneration paid by each Fund during the period covered by the report is included in the Statements of Operations. For the Unitary Fee Funds (as defined in the Notes to Financial Statements), Independent Trustees and any member of any advisory board of each Fund are compensated through the unitary management fee paid by each Fund to the advisor and not directly by each Fund. The investment advisory fee paid is included in the Statements of Operations.

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025 (Unaudited)**

**Statement Regarding the Basis for the Board's Approval of Investment Advisory Contract (Item 11 of Form N-CSR)**

**FIRST TRUST EXCHANGE-TRADED FUND II**

**(Unitary Fee Funds)**

The Board of Trustees of First Trust Exchange-Traded Fund II (the "Trust"), including the Independent Trustees, unanimously approved the continuation of the Investment Management Agreements (as applicable to a specific Fund, the "Agreement" and collectively, the "Agreements") with First Trust Advisors L.P. (the "Advisor") on behalf of the following series of the Trust (each a "Fund" and collectively, the "Funds"):

First Trust Alerian Disruptive Technology Real Estate ETF (DTRE)

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

First Trust Bloomberg Emerging Market Democracies ETF (EMDM)

First Trust Cloud Computing ETF (SKYY)

First Trust Dow Jones International Internet ETF (FDNI)

First Trust Emerging Markets Human Flourishing ETF (FTHF)

First Trust Indxx Global Agriculture ETF (FTAG)

First Trust Indxx Global Natural Resources Income ETF (FTRI)

First Trust Indxx NextG ETF (NXTG)

First Trust International Equity Opportunities ETF (FPXI)

First Trust IPOX® Europe Equity Opportunities ETF (FPXE)

First Trust Nasdaq Cybersecurity ETF (CIBR)

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

The Board approved the continuation of the Agreement for each Fund for a one-year period ending June 30, 2026 at a meeting held on June 8–9, 2025. The Board determined for each Fund that the continuation of the Agreement is in the best interests of the Fund in light of the nature, extent and quality of the services provided and such other matters as the Board considered to be relevant in the exercise of its business judgment.

To reach this determination for each Fund, the Board considered its duties under the Investment Company Act of 1940, as amended (the "1940 Act"), as well as under the general principles of state law, in reviewing and approving advisory contracts; the requirements of the 1940 Act in such matters; the fiduciary duty of investment advisors with respect to advisory agreements and compensation; the standards used by courts in determining whether investment company boards have fulfilled their duties; and the factors to be considered by the Board in voting on such agreements. At meetings held on April 22, 2025 and June 8–9, 2025, the Board, including the Independent Trustees, reviewed materials provided by the Advisor responding to requests for information from counsel to the Independent Trustees, submitted on behalf of the Independent Trustees, that, among other things, outlined: the services provided by the Advisor to each Fund (including the relevant personnel responsible for these services and their experience); the unitary fee rate schedule payable by each Fund as compared to fees charged to a peer group of funds (the "Expense Group") and a broad peer universe of funds (the "Expense Universe"), each assembled by Broadridge Financial Solutions, Inc. ("Broadridge"), an independent source, and as compared to fees charged to other clients of the Advisor, including other exchange-traded funds ("ETFs") managed by the Advisor; the expense ratio of each Fund as compared to expense ratios of the funds in the Fund's Expense Group and Expense Universe; performance information for each Fund, including comparisons of each Fund's performance to that of one or more relevant benchmark indexes and to that of a performance group of funds and a broad performance universe of funds (the "Performance Universe"), each assembled by Broadridge; the nature of expenses incurred in providing services to each Fund and the potential for the Advisor to realize economies of scale, if any; profitability and other financial data for the Advisor; any indirect benefits to the Advisor and its affiliate, First Trust Portfolios L.P. ("FTP"); and information on the Advisor's compliance program. The Board reviewed initial materials with the Advisor at the meeting held on April 22, 2025, prior to which the Independent Trustees and their counsel met separately to discuss the information provided by the Advisor. Following the April meeting, counsel to the Independent Trustees, on behalf of the Independent Trustees, requested certain clarifications and supplements to the materials provided, and the information provided in response to those requests was considered at an executive session of the Independent Trustees and their counsel held prior to the June 8–9, 2025 meeting, as well as at the June meeting. The Board applied its business judgment to determine whether the arrangement between the Trust and the Advisor continues to be a reasonable business arrangement from each Fund's perspective. The Board determined that, given the totality of the information provided with respect to the Agreements, the Board had received sufficient information to renew the Agreements. The Board considered that shareholders chose to invest or remain invested in a Fund knowing that the Advisor manages the Fund and knowing the Fund's unitary fee.

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025 (Unaudited)**

In reviewing the Agreement for each Fund, the Board considered the nature, extent and quality of the services provided by the Advisor under the Agreement. The Board considered that the Advisor is responsible for the overall management and administration of the Trust and each Fund and reviewed all of the services provided by the Advisor to the Funds, as well as the background and experience of the persons responsible for such services. In reviewing the services provided, the Board noted the compliance program that had been developed by the Advisor and considered that it includes a robust program for monitoring the Advisor's and each Fund's compliance with the 1940 Act, as well as each Fund's compliance with its investment objective, policies and restrictions. The Board also considered a report from the Advisor with respect to its risk management functions related to the operation of the Funds. Finally, as part of the Board's consideration of the Advisor's services, the Advisor, in its written materials and at the April 22, 2025 meeting, described to the Board the scope of its ongoing investment in additional personnel and infrastructure to maintain and improve the quality of services provided to the Funds and the other funds in the First Trust Fund Complex. In light of the information presented and the considerations made, the Board concluded that the nature, extent and quality of the services provided to the Trust and each Fund by the Advisor under the Agreements have been and are expected to remain satisfactory and that the Advisor has managed each Fund consistent with its investment objective, policies and restrictions.

The Board considered the unitary fee rate schedule payable by each Fund under the applicable Agreement for the services provided. The Board considered that as part of the unitary fee the Advisor is responsible for each Fund's expenses, including the cost of transfer agency, custody, fund administration, legal, audit and other services and license fees, if any, but excluding the fee payment under the applicable Agreement and interest, taxes, brokerage commissions and other expenses connected with the execution of portfolio transactions, distribution and service fees pursuant to a Rule 12b-1 plan, if any, and extraordinary expenses, if any. The Board received and reviewed information showing the fee rates and expense ratios of the peer funds in the Expense Groups, as well as advisory and unitary fee rates charged by the Advisor to other fund (including ETFs) and non-fund clients, as applicable. Because each Fund pays a unitary fee, the Board determined that expense ratios were the most relevant comparative data point. Based on the information provided, the Board noted that the total (net) expense ratio of FPXE was below the median total (net) expense ratio of the peer funds in its respective Expense Group and that the total (net) expense ratio of each other Fund was above the median total (net) expense ratio of the peer funds in its respective Expense Group. With respect to the Expense Groups, the Board discussed with the Advisor limitations in creating peer groups for index ETFs, including differences in underlying indexes and index-tracking methodologies that can result in greater management complexities across seemingly comparable ETFs, and different business models that may affect the pricing of services among ETF sponsors. The Board took these limitations and differences into account in considering the peer data. With respect to fees charged to other non-ETF clients, the Board considered differences between the Funds and other non-ETF clients that limited their comparability. In considering the unitary fee rate schedules overall, the Board also considered the Advisor's statement that it seeks to meet investor needs through innovative and value-added investment solutions and the Advisor's demonstrated long-term commitment to each Fund and the other funds in the First Trust Fund Complex.

The Board considered performance information for each Fund. The Board noted the process it has established for monitoring each Fund's performance and portfolio risk on an ongoing basis, which includes quarterly performance reporting from the Advisor for the Funds. The Board determined that this process continues to be effective for reviewing each Fund's performance. The Board received and reviewed information for periods ended December 31, 2024 regarding the performance of each Fund's underlying index, the correlation between each Fund's performance and that of its underlying index, each Fund's tracking difference and each Fund's excess return as compared to its benchmark index. With respect to DTRE, the Board noted that during 2021, it approved changes to the Fund's investment objective and, effective September 29, 2022, the Fund changed its name and ticker symbol and began tracking the Alerian Disruptive Technology Real Estate Index, and that the performance information included a blend of the old and new indexes. With respect to RBLD, the Board noted that during 2021, it approved changes to the Fund's investment objective and, effective August 1, 2022, the Fund changed its name and ticker symbol and began tracking the Alerian U.S. NextGen Infrastructure Index, and that the performance information included a blend of the old and new indexes. With respect to CARZ, the Board noted that during 2021, it approved changes to the Fund's investment objective and, effective January 26, 2022, the Fund changed its name and began tracking the S-Network Electric & Future Vehicle Ecosystem Index, and that the performance information included a blend of the old and new indexes. With respect to NXTG, the Board noted that during 2019, it approved changes to the Fund's investment objective and, effective May 29, 2019, the Fund changed its name and ticker symbol and began tracking the Indxx 5G & NextG Thematic Index, and that the performance information included a blend of the old and new indexes. With respect to FTRI and FTAG, the Board noted that during 2015, shareholders of each Fund approved changes to each Fund's investment objective and, effective December 18, 2015, each Fund changed its name and ticker symbol, FTRI began tracking the Indxx Global Natural Resources Income Index and FTAG began tracking the Indxx Global Agricultural Index, and that the performance information included a blend of the old and new indexes. Based on the information provided and its ongoing review of performance, the Board concluded that each Fund was correlated to its underlying index and that the tracking difference for each Fund was within a reasonable range and noted the Advisor's

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025 (Unaudited)**

discussion of NXTG's correlation at the April 22, 2025 meeting. In addition, the Board reviewed data prepared by Broadridge comparing each Fund's performance to that of its respective Performance Universe and to that of a broad-based benchmark index. However, given each Fund's objective of seeking investment results that correspond generally to the performance of its underlying index, the Board placed more emphasis on its review of correlation and tracking difference.

On the basis of all the information provided on the unitary fee and performance of each Fund and the ongoing oversight by the Board, the Board concluded that the unitary fee for each Fund continues to be reasonable and appropriate in light of the nature, extent and quality of the services provided by the Advisor to each Fund under the Agreements.

The Board considered information and discussed with the Advisor whether there were any economies of scale in connection with providing advisory services to the Funds at current asset levels and whether the Funds may benefit from any economies of scale. The Board noted that the unitary fee rate schedule for each Fund includes breakpoints pursuant to which the unitary fee rate will be reduced as assets of the Fund meet certain thresholds. The Board considered the Advisor's statement that it believes that its expenses relating to providing advisory services to the Funds will increase during the next twelve months as the Advisor continues to build infrastructure and add new staff. The Board also noted that under the unitary fee structure, any reduction in expenses associated with the management and operations of the Funds would benefit the Advisor, but that the unitary fee structure provides a level of certainty in expenses for shareholders of the Funds. The Board concluded that the unitary fee rate schedule for each Fund reflects an appropriate level of sharing of any economies of scale that may be realized in the management of the Fund at current asset levels. The Board considered the revenues and allocated costs (including the allocation methodology) of the Advisor in serving as investment advisor to each Fund for the twelve months ended December 31, 2024 and the estimated profitability level for each Fund calculated by the Advisor based on such data, as well as complex-wide and product-line profitability data, for the same period. The Board noted the inherent limitations in the profitability analysis and concluded that, based on the information provided, the Advisor's profitability level for each Fund was not unreasonable. In addition, the Board considered indirect benefits described by the Advisor that may be realized from its relationship with the Funds. The Board considered that the Advisor had identified as an indirect benefit to the Advisor and FTP their exposure to investors and brokers who, absent their exposure to the Funds, may have had no dealings with the Advisor or FTP, and noted that the Advisor does not utilize soft dollars in connection with the Funds. The Board concluded that the character and amount of potential indirect benefits to the Advisor were not unreasonable.

Based on all of the information considered and the conclusions reached, the Board, including the Independent Trustees, unanimously determined that the terms of the Agreements continue to be fair and reasonable and that the continuation of the Agreements is in the best interests of each Fund. No single factor was determinative in the Board's analysis.

**FIRST TRUST EXCHANGE-TRADED FUND II**

**(Non-Unitary Fee Funds)**

The Board of Trustees of First Trust Exchange-Traded Fund II (the "Trust"), including the Independent Trustees, unanimously approved the continuation of the Investment Management Agreement (the "Agreement") with First Trust Advisors L.P. (the "Advisor") on behalf of the following series of the Trust (each a "Fund" and collectively, the "Funds"):

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

First Trust Global Wind Energy ETF (FAN)

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

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

The Board approved the continuation of the Agreement for each Fund for a one-year period ending June 30, 2026 at a meeting held on June 8–9, 2025. The Board determined for each Fund that the continuation of the Agreement is in the best interests of the Fund in light of the nature, extent and quality of the services provided and such other matters as the Board considered to be relevant in the exercise of its business judgment.

To reach this determination for each Fund, the Board considered its duties under the Investment Company Act of 1940, as amended (the "1940 Act"), as well as under the general principles of state law, in reviewing and approving advisory contracts; the requirements of the 1940 Act in such matters; the fiduciary duty of investment advisors with respect to advisory agreements and compensation; the standards used by courts in determining whether investment company boards have fulfilled their duties; and the factors to be considered by the Board in voting on such agreements. At meetings held on April 22, 2025 and June 8–9, 2025, the Board, including the Independent Trustees, reviewed materials provided by the Advisor responding to requests for information from counsel to the Independent Trustees, submitted on behalf of the Independent Trustees, that, among other things, outlined: the services provided by

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025 (Unaudited)**

the Advisor to each Fund (including the relevant personnel responsible for these services and their experience); the advisory fee rate schedule payable by each Fund as compared to fees charged to a peer group of funds (the "Expense Group") and a broad peer universe of funds (the "Expense Universe"), each assembled by Broadridge Financial Solutions, Inc. ("Broadridge"), an independent source, and as compared to fees charged to other clients of the Advisor, including other exchange-traded funds ("ETFs") managed by the Advisor; the expense ratio of each Fund as compared to expense ratios of the funds in the Fund's Expense Group and Expense Universe; performance information for each Fund, including comparisons of each Fund's performance to that of one or more relevant benchmark indexes and to that of a performance group of funds and a broad performance universe of funds (the "Performance Universe"), each assembled by Broadridge; the nature of expenses incurred in providing services to each Fund and the potential for the Advisor to realize economies of scale, if any; profitability and other financial data for the Advisor; any indirect benefits to the Advisor and its affiliate, First Trust Portfolios L.P. ("FTP"); and information on the Advisor's compliance program. The Board reviewed initial materials with the Advisor at the meeting held on April 22, 2025, prior to which the Independent Trustees and their counsel met separately to discuss the information provided by the Advisor. Following the April meeting, counsel to the Independent Trustees, on behalf of the Independent Trustees, requested certain clarifications and supplements to the materials provided, and the information provided in response to those requests was considered at an executive session of the Independent Trustees and their counsel held prior to the June 8–9, 2025 meeting, as well as at the June meeting. The Board applied its business judgment to determine whether the arrangement between the Trust and the Advisor continues to be a reasonable business arrangement from each Fund's perspective. The Board determined that, given the totality of the information provided with respect to the Agreement, the Board had received sufficient information to renew the Agreement. The Board considered that shareholders chose to invest or remain invested in a Fund knowing that the Advisor manages the Fund and knowing the Fund's advisory fee.

In reviewing the Agreement for each Fund, the Board considered the nature, extent and quality of the services provided by the Advisor under the Agreement. The Board considered that the Advisor is responsible for the overall management and administration of the Trust and each Fund and reviewed all of the services provided by the Advisor to the Funds, as well as the background and experience of the persons responsible for such services. In reviewing the services provided, the Board noted the compliance program that had been developed by the Advisor and considered that it includes a robust program for monitoring the Advisor's and each Fund's compliance with the 1940 Act, as well as each Fund's compliance with its investment objective, policies and restrictions. The Board also considered a report from the Advisor with respect to its risk management functions related to the operation of the Funds. Finally, as part of the Board's consideration of the Advisor's services, the Advisor, in its written materials and at the April 22, 2025 meeting, described to the Board the scope of its ongoing investment in additional personnel and infrastructure to maintain and improve the quality of services provided to the Funds and the other funds in the First Trust Fund Complex. In light of the information presented and the considerations made, the Board concluded that the nature, extent and quality of the services provided to the Trust and each Fund by the Advisor under the Agreement have been and are expected to remain satisfactory and that the Advisor has managed each Fund consistent with its investment objective, policies and restrictions.

The Board considered the advisory fee rate schedule payable by each Fund under the Agreement for the services provided. The Board considered that the Advisor agreed to extend the current expense cap for each Fund through January 31, 2027. The Board received and reviewed information showing the fee rates and expense ratios of the peer funds in the Expense Groups, as well as advisory and unitary fee rates charged by the Advisor to other fund (including ETFs) and non-fund clients, as applicable. Because each Fund's Expense Group included peer funds that pay a unitary fee, the Board determined that expense ratios were the most relevant comparative data point. Based on the information provided, the Board noted that the total (net) expense ratio of FGD was below the median total (net) expense ratio of the peer funds in its respective Expense Group and that the total (net) expense ratio of each other Fund was above the median total (net) expense ratio of the peer funds in its respective Expense Group. With respect to the Expense Groups, the Board discussed with the Advisor limitations in creating peer groups for index ETFs, including differences in underlying indexes and index-tracking methodologies that can result in greater management complexities across seemingly comparable ETFs, and different business models that may affect the pricing of services among ETF sponsors. The Board took these limitations and differences into account in considering the peer data. With respect to fees charged to other non-ETF clients, the Board considered differences between the Funds and other non-ETF clients that limited their comparability. In considering the advisory fee rate schedules overall, the Board also considered the Advisor's statement that it seeks to meet investor needs through innovative and value-added investment solutions and the Advisor's demonstrated long-term commitment to each Fund and the other funds in the First Trust Fund Complex.

The Board considered performance information for each Fund. The Board noted the process it has established for monitoring each Fund's performance and portfolio risk on an ongoing basis, which includes quarterly performance reporting from the Advisor for the Funds. The Board determined that this process continues to be effective for reviewing each Fund's performance. The Board received and reviewed information for periods ended December 31, 2024 regarding the performance of each Fund's underlying index, the

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025 (Unaudited)**

correlation between each Fund's performance and that of its underlying index, each Fund's tracking difference and each Fund's excess return as compared to its benchmark index. Based on the information provided and its ongoing review of performance, the Board concluded that each Fund was correlated to its underlying index and that the tracking difference for each Fund was within a reasonable range. In addition, the Board reviewed data prepared by Broadridge comparing each Fund's performance to that of its respective Performance Universe and to that of a broad-based benchmark index. However, given each Fund's objective of seeking investment results that correspond generally to the performance of its underlying index, the Board placed more emphasis on its review of correlation and tracking difference.

On the basis of all the information provided on the fees, expenses and performance of each Fund and the ongoing oversight by the Board, the Board concluded that the advisory fee for each Fund continues to be reasonable and appropriate in light of the nature, extent and quality of the services provided by the Advisor to each Fund under the Agreement.

The Board considered information and discussed with the Advisor whether there were any economies of scale in connection with providing advisory services to the Funds at current asset levels and whether the Funds may benefit from any economies of scale. The Board noted that the advisory fee rate schedule for each Fund includes breakpoints pursuant to which the advisory fee rate will be reduced as assets of the Fund meet certain thresholds. The Board considered the Advisor's statement that it believes that its expenses relating to providing advisory services to the Funds will increase during the next twelve months as the Advisor continues to build infrastructure and add new staff. The Board concluded that the advisory fee rate schedule for each Fund reflects an appropriate level of sharing of any economies of scale that may be realized in the management of the Fund at current asset levels. The Board considered the revenues and allocated costs (including the allocation methodology) of the Advisor in serving as investment advisor to each Fund for the twelve months ended December 31, 2024 and the estimated profitability level for each Fund calculated by the Advisor based on such data, as well as complex-wide and product-line profitability data, for the same period. The Board noted the inherent limitations in the profitability analysis and concluded that, based on the information provided, the Advisor's profitability level for each Fund was not unreasonable. In addition, the Board considered indirect benefits described by the Advisor that may be realized from its relationship with the Funds. The Board considered that the Advisor had identified as an indirect benefit to the Advisor and FTP their exposure to investors and brokers who, absent their exposure to the Funds, may have had no dealings with the Advisor or FTP, and noted that the Advisor does not utilize soft dollars in connection with the Funds. The Board concluded that the character and amount of potential indirect benefits to the Advisor were not unreasonable.

Based on all of the information considered and the conclusions reached, the Board, including the Independent Trustees, unanimously determined that the terms of the Agreement continue to be fair and reasonable and that the continuation of the Agreement is in the best interests of each Fund. No single factor was determinative in the Board's analysis.

**Remuneration Disclosure Under the Alternative Investment Fund Managers Directive**

First Trust Advisors L.P. ("First Trust") is authorised and regulated by the U.S. Securities and Exchange Commission and is entitled to market shares of certain First Trust Exchange-Traded Fund II funds it manages (the "Funds") in certain member states in the European Economic Area in accordance with the cooperation arrangements in Article 42 of the Alternative Investment Fund Managers Directive (the "Directive"). First Trust is required under the Directive to make disclosures in respect of remuneration. The following disclosures are made in line with First Trust's interpretation of currently available regulatory guidance on remuneration disclosures.

During the year ended December 31, 2024, the amount of remuneration paid (or to be paid) by First Trust Advisors L.P. in respect of the Funds is $5,385,542. This figure is comprised of $217,077 paid (or to be paid) in fixed compensation and $5,168,465 paid (or to be paid) in variable compensation. There were a total of 24 beneficiaries of the remuneration described above. Those amounts include $2,823,132 paid (or to be paid) to senior management of First Trust Advisors L.P. and $2,562,410 paid (or to be paid) to other employees whose professional activities have a material impact on the risk profiles of First Trust Advisors L.P. or the Funds (collectively, "Code Staff").

Code Staff included in the aggregated figures disclosed above are rewarded in line with First Trust's remuneration policy (the "Remuneration Policy") which is determined and implemented by First Trust's senior management. The Remuneration Policy reflects First Trust's ethos of good governance and encapsulates the following principal objectives:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. to provide a clear link between remuneration and performance of First Trust and to avoid rewarding for failure;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. to promote sound and effective risk management consistent with the risk profiles of the funds managed by First Trust; and

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025 (Unaudited)**

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. to remunerate staff in line with the business strategy, objectives, values and interests of First Trust and the funds managed by First Trust in a manner that avoids conflicts of interest.

First Trust assesses various risk factors which it is exposed to when considering and implementing remuneration for Code Staff and considers whether any potential award to such person(s) would give rise to a conflict of interest. First Trust does not reward failure, or consider the taking of risk or failure to take risk in its remuneration of Code Staff.

First Trust assesses performance for the purposes of determining payments in respect of performance-related remuneration of Code Staff by reference to a broad range of measures including (i) individual performance (using financial and non-financial criteria), and (ii) the overall performance of First Trust. Remuneration is not based upon the performance of the Funds.

The elements of remuneration are balanced between fixed and variable and the senior management sets fixed salaries at a level sufficient to ensure that variable remuneration incentivises and rewards strong individual performance but does not encourage excessive risk taking.

No individual is involved in setting his or her own remuneration.

**Federal Tax Information**

For the taxable year ended September 30, 2025, the following percentages of income dividends paid by the Funds qualify for the dividends received deduction available to corporations:

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

---

| | |
|:---|:---|
|  | Dividends Received <br>Deduction<br>|
| First Trust STOXX<sup>®</sup> European Select Dividend Index Fund | 0.00<br> %<br>|
| First Trust Alerian Disruptive Technology Real Estate ETF | 0.00<br> %<br>|
| First Trust Dow Jones Global Select Dividend Index Fund | 10.90<br> %<br>|
| First Trust Global Wind Energy ETF | 11.81<br> %<br>|
| First Trust Alerian U.S. NextGen Infrastructure ETF | 100.00<br> %<br>|
| First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid <br> Infrastructure Index Fund<br>| 20.00<br> %<br>|
| First Trust Indxx Global Natural Resources Income ETF | 25.58<br> %<br>|
| First Trust Indxx Global Agriculture ETF | 19.00<br> %<br>|
| First Trust Indxx NextG ETF | 16.91<br> %<br>|
| First Trust S-Network Future Vehicles & Technology ETF | 22.46<br> %<br>|
| First Trust Cloud Computing ETF | 0.00<br> %<br>|
| First Trust International Equity Opportunities ETF | 7.43<br> %<br>|
| First Trust Nasdaq Cybersecurity ETF | 100.00<br> %<br>|
| First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF | 3.49<br> %<br>|
| First Trust Dow Jones International Internet ETF | 0.00<br> %<br>|
| First Trust Bloomberg Emerging Market Democracies ETF | 0.00<br> %<br>|
| First Trust Emerging Markets Human Flourishing ETF | 0.00<br> %<br>|

---

For the taxable year ended September 30, 2025, the following percentages of income dividends paid by the Funds are hereby designated as qualified dividend income:

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

---

| | |
|:---|:---|
|  | Qualified Dividend <br>Income<br>|
| First Trust STOXX<sup>®</sup> European Select Dividend Index Fund | 100.00<br> %<br>|
| First Trust Alerian Disruptive Technology Real Estate ETF | 10.69<br> %<br>|
| First Trust Dow Jones Global Select Dividend Index Fund | 75.28<br> %<br>|
| First Trust Global Wind Energy ETF | 94.01<br> %<br>|
| First Trust Alerian U.S. NextGen Infrastructure ETF | 100.00<br> %<br>|
| First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid <br> Infrastructure Index Fund<br>| 100.00<br> %<br>|
| First Trust Indxx Global Natural Resources Income ETF | 87.47<br> %<br>|

---

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025 (Unaudited)**

---

| | |
|:---|:---|
|  | Qualified Dividend<br> Income<br>|
| First Trust Indxx Global Agriculture ETF | 100.00<br> %<br>|
| First Trust Indxx NextG ETF | 79.67<br> %<br>|
| First Trust S-Network Future Vehicles & Technology ETF | 54.98<br> %<br>|
| First Trust Cloud Computing ETF | 0.00<br> %<br>|
| First Trust International Equity Opportunities ETF | 100.00<br> %<br>|
| First Trust Nasdaq Cybersecurity ETF | 100.00<br> %<br>|
| First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF | 100.00<br> %<br>|
| First Trust Dow Jones International Internet ETF | 8.72<br> %<br>|
| First Trust Bloomberg Emerging Market Democracies ETF | 40.58<br> %<br>|
| First Trust Emerging Markets Human Flourishing ETF | 63.60<br> %<br>|

---

A portion of each of the Funds' 2025 ordinary dividends (including short-term capital gains) paid to its shareholders during the fiscal year ended September 30, 2025, may be eligible for the Qualified Business Income (QBI) Deduction under the Internal Revenue Code of 1986, as amended (the "Code"), Section 199A for the aggregate dividends each Fund received from the underlying Real Estate Investment Trusts (REITs) these Funds invest in.

The following Funds meet the requirements of Section 853 of the Code and elect to pass through to their shareholders credit for foreign taxes paid. For the taxable year ended September 30, 2025, the total amounts of income received by the Funds from sources within foreign countries and possessions of the United States and of taxes paid to such countries are as follows:

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Gross Foreign Income | Gross Foreign Income | Foreign Taxes Paid | Foreign Taxes Paid |
|  | Amount | Per Share | Amount | Per Share |
| First Trust STOXX<sup>®</sup> European Select Dividend Index Fund | $25002208 | &nbsp;&nbsp;&nbsp; $0.61 | &nbsp;&nbsp;&nbsp; $470545 | &nbsp;&nbsp;&nbsp; $0.01 |
| First Trust Dow Jones Global Select Dividend Index Fund | 36721294 | &nbsp;&nbsp;&nbsp;&nbsp;1.18 | &nbsp;&nbsp;&nbsp; 1735858 | &nbsp;&nbsp;&nbsp;&nbsp;0.06 |
| First Trust Global Wind Energy ETF | 2587566 | &nbsp;&nbsp;&nbsp;&nbsp;0.27 | &nbsp;&nbsp;&nbsp; 258094 | &nbsp;&nbsp;&nbsp;&nbsp;0.03 |
| First Trust NASDAQ<sup>®</sup> Clean Edge<sup>®</sup> Smart Grid Infrastructure <br> Index Fund<br>| 32818982 | &nbsp;&nbsp;&nbsp;&nbsp;1.27 | &nbsp;&nbsp;&nbsp; 1941669 | &nbsp;&nbsp;&nbsp;&nbsp;0.08 |
| First Trust Indxx Global Natural Resources Income ETF | 1878077 | &nbsp;&nbsp;&nbsp;&nbsp;0.27 | &nbsp;&nbsp;&nbsp; 319109 | &nbsp;&nbsp;&nbsp;&nbsp;0.05 |
| First Trust Indxx Global Agriculture ETF | 185795 | &nbsp;&nbsp;&nbsp;&nbsp;0.77 | &nbsp;&nbsp;&nbsp; 18735 | &nbsp;&nbsp;&nbsp;&nbsp;0.08 |
| First Trust Indxx NextG ETF | 7167189 | &nbsp;&nbsp;&nbsp;&nbsp;1.81 | &nbsp;&nbsp;&nbsp; 1026915 | &nbsp;&nbsp;&nbsp;&nbsp;0.26 |
| First Trust International Equity Opportunities ETF | 1858915 | &nbsp;&nbsp;&nbsp;&nbsp;0.70 | &nbsp;&nbsp;&nbsp; 186333 | &nbsp;&nbsp;&nbsp;&nbsp;0.07 |
| First Trust IPOX<sup>®</sup> Europe Equity Opportunities ETF | 113704 | &nbsp;&nbsp;&nbsp;&nbsp;0.76 | &nbsp;&nbsp;&nbsp; 15236 | &nbsp;&nbsp;&nbsp;&nbsp;0.10 |
| First Trust Dow Jones International Internet ETF | 269374 | &nbsp;&nbsp;&nbsp;&nbsp;0.22 | &nbsp;&nbsp;&nbsp; 5099 | &nbsp;&nbsp;&nbsp;&nbsp; 0.00<br> \*<br>|
| First Trust Bloomberg Emerging Market Democracies ETF | 335308 | &nbsp;&nbsp;&nbsp;&nbsp;0.96 | &nbsp;&nbsp;&nbsp; 38673 | &nbsp;&nbsp;&nbsp;&nbsp;0.11 |
| First Trust Emerging Markets Human Flourishing ETF | 1658025 | &nbsp;&nbsp;&nbsp;&nbsp;0.92 | &nbsp;&nbsp;&nbsp; 227255 | &nbsp;&nbsp;&nbsp;&nbsp;0.13 |
| \* Amount is less than $0.01. |  |  |  |  |

---

**Disclaimers**

**First Trust Cloud Computing ETF**

**First Trust Nasdaq Cybersecurity ETF**

Nasdaq<sup>®</sup>, ISE CTA Cloud Computing<sup>TM</sup> Index, and Nasdaq CTA Cybersecurity<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 NASDAQ**<sup>®</sup> **Clean Edge**<sup>®</sup> **Smart Grid Infrastructure Index Fund**

**First Trust Global Wind Energy ETF**

Nasdaq<sup>®</sup>, Clean Edge<sup>®</sup>, 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. and Clean Edge, Inc., respectively (together with

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025 (Unaudited)**

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**

**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**

**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 Indxx Global Agriculture ETF**

**First Trust Indxx Global Natural Resources Income ETF**

**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**

**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.

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025 (Unaudited)**

**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**

"Bloomberg<sup>®</sup>" and Bloomberg Emerging Market Democracies Index referenced 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.

**First Trust Emerging Markets Human Flourishing ETF**

Oak City Consulting, LLC ("Licensor") and the Emerging Markets Human Flourishing Index ("index") are trademarks of the Licensor and have been licensed for use for certain purposes by First Trust Advisors L.P. The First Trust Emerging Markets Human Flourishing ETF is based on the index and is not sponsored, endorsed, sold or promoted by Licensor, and Licensor makes no representation regarding the advisability of trading in such product.

------

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

Annual Financial Statements and Other Information <br> For the Period Ended September 30, 2025

![](img2d7465c31.gif)

<u>First Trust Exchange-Traded Fund II</u>

Book 2

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

---

| |
|:---|
| First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) |
| First Trust Indxx Metaverse ETF (ARVR) |
| First Trust Bloomberg Artificial Intelligence ETF (FAI) |
| First Trust Bloomberg Nuclear Power ETF (RCTR) |

---

------

**Table of Contents** 

**First Trust Exchange-Traded Fund II**

**Annual Financial Statements and Other Information**

**September 30, 2025** 

---

| | |
|:---|:---|
| [Portfolio of Investments](#xx_77aa3c7c-47cf-4a94-9f62-936e5868e5b4_SOI-TOC-ScheduleofInvestments-4262_1) |  |
| [First Trust Nasdaq Lux Digital Health Solutions ETF (EKG)](#xx_77aa3c7c-47cf-4a94-9f62-936e5868e5b4_SOI-TOC-ScheduleofInvestments-4262_1) | 1 |
| [First Trust Indxx Metaverse ETF (ARVR)](#xx_77aa3c7c-47cf-4a94-9f62-936e5868e5b4_SOI-TOC-ScheduleofInvestments-4261_1) | 2 |
| [First Trust Bloomberg Artificial Intelligence ETF (FAI)](#xx_77aa3c7c-47cf-4a94-9f62-936e5868e5b4_SOI-TOC-ScheduleofInvestments-4942_1) | 4 |
| [First Trust Bloomberg Nuclear Power ETF (RCTR)](#xx_77aa3c7c-47cf-4a94-9f62-936e5868e5b4_SOI-TOC-ScheduleofInvestments-5127_1) | 6 |
| [Statements of Assets and Liabilities](#xx_77aa3c7c-47cf-4a94-9f62-936e5868e5b4_SAL1-TOC-StatementofAssetsandLiabilities-4262_1) | 8 |
| [Statements of Operations](#xx_77aa3c7c-47cf-4a94-9f62-936e5868e5b4_SOP1-TOC-StatementofOperations-4942_1) | 9 |
| [Statements of Changes in Net Assets](#xx_77aa3c7c-47cf-4a94-9f62-936e5868e5b4_SOC1-TOC-StatementofChanges-4262_1) | 10 |
| [Financial Highlights](#xx_77aa3c7c-47cf-4a94-9f62-936e5868e5b4_FIHI-TOC-FinancialHighlights-4262_1) | 12 |
| [Notes to Financial Statements](#xx_77aa3c7c-47cf-4a94-9f62-936e5868e5b4_NTF-TOC-NotestoFinancialStatements-4942_1) | 16 |
| [Report of Independent Registered Public Accounting Firm](#xx_77aa3c7c-47cf-4a94-9f62-936e5868e5b4_AUD-TOC-RIRPAFirm-4261_1) | 24 |
| [Other Information](#xx_77aa3c7c-47cf-4a94-9f62-936e5868e5b4_AI-TOC-AdditionalInformation-4942_1) | 25 |

---

**Performance and Risk Disclosure**

There is no assurance that any series of First Trust Exchange-Traded Fund II (the "Trust") described in this report (each such series is referred to as a "Fund" and collectively, as the "Funds") will achieve its investment objective. Each Fund is subject to market risk, which is the possibility that the market values of securities owned by the Fund will decline and that the value of the Fund's shares may therefore be less than what you paid for them. Accordingly, you can lose money by investing in a Fund.

Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. For the most recent month-end performance figures, please visit www.ftportfolios.com or speak with your financial advisor. Investment returns, net asset value and share price will fluctuate and Fund shares, when sold, may be worth more or less than their original cost.

First Trust Advisors L.P., the Funds' advisor, may also periodically provide additional information on Fund performance on each Fund's webpage at www.ftportfolios.com.

**How to Read This Report**

This report contains information that may help you evaluate your investment. It includes details about each Fund and presents data that provides insight into each Fund's performance and investment approach.

The material risks of investing in each Fund are spelled out in its prospectus, statement of additional information, and other Fund regulatory filings.

------

**First Trust Nasdaq Lux Digital Health Solutions ETF (EKG)**

**Portfolio of Investments**

**September 30, 2025**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** |
|  | **Biotechnology — 9.1%**  |  |
| 1805 | Exact Sciences Corp. (a) | $98752 |
| 621 | Natera, Inc. (a) | 99962 |
| 525 | Twist Bioscience Corp. (a) | 14774 |
| 707 | Veracyte, Inc. (a) | 24271 |
|  |  | 237759 |
|  | **Health Care Equipment &** <br> **Supplies — 47.0%**  |  |
| 736 | Align Technology, Inc. (a) | 92162 |
| 1779 | Alphatec Holdings, Inc. (a) | 25867 |
| 551 | Beta Bionics, Inc. (a) | 10948 |
| 2775 | Dexcom, Inc. (a) | 186730 |
| 363 | Establishment Labs Holdings, <br> Inc. (a) | 14879 |
| 1276 | Globus Medical, Inc., <br> Class A (a) | 73077 |
| 1557 | Hologic, Inc. (a) | 105082 |
| 257 | Inspire Medical Systems, Inc. (a) | 19069 |
| 308 | Insulet Corp. (a) | 95089 |
| 442 | Intuitive Surgical, Inc. (a) | 197676 |
| 289 | iRhythm Technologies, Inc. (a) | 49705 |
| 488 | Masimo Corp. (a) | 72005 |
| 538 | PROCEPT BioRobotics <br> Corp. (a) | 19201 |
| 544 | QuidelOrtho Corp. (a) | 16021 |
| 762 | ResMed, Inc. | 208582 |
| 700 | Tandem Diabetes Care, Inc. (a) | 8498 |
| 292 | TransMedics Group, Inc. (a) | 32762 |
|  |  | 1227353 |
|  | **Health Care Providers &** <br> **Services — 11.1%**  |  |
| 1448 | Guardant Health, Inc. (a) | 90471 |
| 2195 | Hims & Hers Health, Inc. (a) | 124500 |
| 199 | Hinge Health, Inc., Class A (a) | 9767 |
| 2257 | LifeStance Health Group, <br> Inc. (a) | 12414 |
| 1339 | NeoGenomics, Inc. (a) | 10337 |
| 1068 | Privia Health Group, Inc. (a) | 26593 |
| 677 | Progyny, Inc. (a) | 14569 |
|  |  | 288651 |
|  | **Health Care Technology —** <br> **13.8%**  |  |
| 1395 | Doximity, Inc., Class A (a) | 102045 |
| 587 | Schrodinger, Inc. (a) | 11775 |
| 1978 | Teladoc Health, Inc. (a) | 15290 |
| 777 | Veeva Systems, Inc., Class A (a) | 231476 |
|  |  | 360586 |
|  | **Insurance — 1.8%**  |  |
| 2466 | Oscar Health, Inc., Class A (a) | 46681 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Life Sciences Tools & Services** <br> **— 17.1%**  |  |
| 1012 | 10X Genomics, Inc., Class A (a) | $11830 |
| 1789 | Adaptive Biotechnologies <br> Corp. (a) | 26763 |
| 1046 | Illumina, Inc. (a) | 99339 |
| 1096 | IQVIA Holdings, Inc. (a) | 208174 |
| 2248 | QIAGEN N.V. | 100441 |
|  |  | 446547 |
|  | **Total Common Stocks** | 2607577 |
|  | (Cost $2,649,391) |  |
| **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** |
| 4065 | Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.99% (b) | 4065 |
|  | (Cost $4,065) |  |
|  | **Total Investments — 100.1%** | 2611642 |
|  | (Cost $2,653,456) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.1)%** | (1402)<br>|
|  | **Net Assets — 100.0%** | $2610240 |

---

&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 September 30, 2025.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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\* | $2607577 | $2607577 | $— | $— |
| Money Market Funds | 4065 | 4065 |  |  |
| Total Investments | $2611642 | $2611642 | $— | $— |

---

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

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**First Trust Indxx Metaverse ETF (ARVR)**

**Portfolio of Investments**

**September 30, 2025**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) — 99.9%** | **COMMON STOCKS (a) — 99.9%** | **COMMON STOCKS (a) — 99.9%** |
|  | **Communications Equipment** <br> **— 1.1%**  |  |
| 8444 | Sercomm Corp. (TWD) | $27982 |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 6.0%**  |  |
| 707 | Amphenol Corp., Class A | 87491 |
| 66383 | AUO Corp. (TWD) | 29731 |
| 2884 | Sunny Optical Technology <br> Group Co., Ltd. (HKD) | 33521 |
|  |  | 150743 |
|  | **Entertainment — 32.3%**  |  |
| 2332 | Capcom Co., Ltd. (JPY) | 63439 |
| 1730 | DeNA Co., Ltd. (JPY) | 27134 |
| 460 | Electronic Arts, Inc. | 92782 |
| 1482 | GungHo Online Entertainment, <br> Inc. (JPY) | 27118 |
| 1936 | Koei Tecmo Holdings Co., Ltd. <br> (JPY) | 25201 |
| 1162 | Mixi, Inc. (JPY) | 24987 |
| 2739 | NetEase, Inc. (HKD) | 83346 |
| 56 | Netflix, Inc. (b) | 67139 |
| 615 | Netmarble Corp. (KRW) (c) (d) | 27045 |
| 3612 | Nexon Co., Ltd. (JPY) | 79306 |
| 840 | Nintendo Co., Ltd. (JPY) | 72733 |
| 662 | ROBLOX Corp., Class A (b) | 91700 |
| 1230 | Square Enix Holdings Co., Ltd. <br> (JPY) | 26466 |
| 296 | Take-Two Interactive Software, <br> Inc. (b) | 76474 |
| 2519 | Ubisoft Entertainment S.A. <br> (EUR) (b) | 28788 |
|  |  | 813658 |
|  | **Health Care Technology —** <br> **1.0%**  |  |
| 3157 | Teladoc Health, Inc. (b) | 24404 |
|  | **Household Durables — 3.3%**  |  |
| 2870 | Sony Group Corp. (JPY) | 82654 |
|  | **Insurance — 0.1%**  |  |
| 2870 | Sony Financial Group, Inc. <br> (JPY) (b) | 3183 |
|  | **Interactive Media & Services** <br> **— 9.4%**  |  |
| 1306 | Grindr, Inc. (b) | 19616 |
| 96 | Meta Platforms, Inc., Class A | 70500 |
| 7446 | Snap, Inc., Class A (b) | 57409 |
| 1050 | Tencent Holdings Ltd. (HKD) | 89457 |
|  |  | 236982 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 28.4%**  |  |
| 482 | Advanced Micro Devices, <br> Inc. (b) | $77983 |
| 2920 | Intel Corp. (b) | 97966 |
| 926 | Microchip Technology, Inc. | 59468 |
| 565 | Micron Technology, Inc. | 94536 |
| 424 | NVIDIA Corp. | 79110 |
| 3873 | Pixart Imaging, Inc. (TWD) | 30816 |
| 437 | QUALCOMM, Inc. | 72699 |
| 2106 | STMicroelectronics N.V. (EUR) | 58958 |
| 303 | Taiwan Semiconductor <br> Manufacturing Co., Ltd., ADR | 84625 |
| 317 | Texas Instruments, Inc. | 58242 |
|  |  | 714403 |
|  | **Software — 12.4%**  |  |
| 187 | Adobe, Inc. (b) | 65964 |
| 139 | Microsoft Corp. | 71995 |
| 123 | Synopsys, Inc. (b) | 60687 |
| 954 | Unity Software, Inc. (b) | 38198 |
| 927 | Zoom Communications, Inc. (b) | 76478 |
|  |  | 313322 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 5.9%**  |  |
| 327 | Apple, Inc. | 83264 |
| 9529 | Xiaomi Corp., Class B <br> (HKD) (b) (c) (d) | 66123 |
|  |  | 149387 |
|  | **Total Common Stocks** | 2516718 |
|  | (Cost $2,112,046) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| 3379 | Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (e) | 3379 |
|  | (Cost $3,379) |  |
|  | **Total Investments — 100.0%** | 2520097 |
|  | (Cost $2,115,425) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.0%** | 231 |
|  | **Net Assets — 100.0%** | $2520328 |

---

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

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

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

See Notes to Financial Statements

------

**First Trust Indxx Metaverse ETF (ARVR)**

**Portfolio of Investments (Continued)**

**September 30, 2025**

&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) Rate
 shown reflects yield as of September 30, 2025.

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

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| ADR | – American Depositary Receipt |
| EUR | – Euro |
| HKD | – Hong Kong Dollar |
| JPY | – Japanese Yen |
| KRW | – South Korean Won |
| TWD | – New Taiwan Dollar |
| USD | – United States Dollar |

---

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

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| USD | 64.0% |
| JPY | 17.1 |
| HKD | 10.8 |
| TWD | 3.5 |
| EUR | 3.5 |
| KRW | 1.1 |
| Total | 100.0% |

---

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

---

| | |
|:---|:---|
| **Country Allocation**<sup>†</sup> <br>| **% of Net** <br>**Assets**<br>|
| United States | 60.6% |
| Japan | 17.2 |
| Cayman Islands | 10.8 |
| Taiwan | 6.9 |
| Netherlands | 2.3 |
| France | 1.1 |
| South Korea | 1.1 |
| Total Investments | 100.0 |
| Net Other Assets and Liabilities | 0.0<sup>†</sup><sup>†</sup> <br>|
| Total | 100.0% |

---

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

---

| | |
|:---|:---|
| <sup>†</sup> <br>| Portfolio securities are categorized based upon their country <br> of incorporation, which can be different from the country <br> categorization of the Fund's underlying index.<br>|
| <sup>†</sup><sup>†</sup> <br>| Amount is less than 0.1%. |

---

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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\* | $2516718 | $2516718 | $— | $— |
| Money Market Funds | 3379 | 3379 |  |  |
| Total Investments | $2520097 | $2520097 | $— | $— |

---

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

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**First Trust Bloomberg Artificial Intelligence ETF (FAI)**

**Portfolio of Investments**

**September 30, 2025**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) — 99.8%** | **COMMON STOCKS (a) — 99.8%** | **COMMON STOCKS (a) — 99.8%** |
|  | **Broadline Retail — 7.1%**  |  |
| 8253 | Amazon.com, Inc. (b) | $1812111 |
|  | **Communications Equipment** <br> **— 1.7%**  |  |
| 2950 | Arista Networks, Inc. (b) | 429845 |
|  | **Electrical Equipment — 0.6%**  |  |
| 1119 | Vertiv Holdings Co., Class A | 168812 |
|  | **Interactive Media & Services** <br> **— 17.1%**  |  |
| 10269 | Alphabet, Inc., Class A | 2496394 |
| 2563 | Meta Platforms, Inc., Class A | 1882216 |
|  |  | 4378610 |
|  | **IT Services — 4.5%**  |  |
| 273 | MongoDB, Inc. (b) | 84734 |
| 986 | Okta, Inc. (b) | 90416 |
| 3526 | Shopify, Inc., Class A (CAD) (b) | 523846 |
| 1757 | Snowflake, Inc. (b) | 396291 |
| 351 | Wix.com Ltd. (b) | 62348 |
|  |  | 1157635 |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 35.6%**  |  |
| 6683 | Advanced Micro Devices, <br> Inc. (b) | 1081243 |
| 857 | Ambarella, Inc. (b) | 70720 |
| 134 | ASM International N.V. (EUR) | 80361 |
| 1185 | ASML Holding N.V. (EUR) | 1152097 |
| 769 | Astera Labs, Inc. (b) | 150570 |
| 404 | BE Semiconductor Industries <br> N.V. (EUR) | 60167 |
| 3351 | Broadcom, Inc. | 1105528 |
| 5176 | Marvell Technology, Inc. | 435146 |
| 4047 | MediaTek, Inc. (TWD) | 174611 |
| 3341 | Micron Technology, Inc. | 559016 |
| 140 | Monolithic Power Systems, Inc. | 128890 |
| 11570 | NVIDIA Corp. | 2158731 |
| 3273 | QUALCOMM, Inc. | 544496 |
| 1459 | SK Hynix, Inc. (KRW) | 361357 |
| 24570 | Taiwan Semiconductor <br> Manufacturing Co., Ltd. <br> (TWD) | 1052033 |
|  |  | 9114966 |
|  | **Software — 32.7%**  |  |
| 2430 | Adobe, Inc. (b) | 857182 |
| 485 | Atlassian Corp., Class A (b) | 77454 |
| 1731 | Box, Inc., Class A (b) | 55859 |
| 2237 | C3.ai, Inc., Class A (b) | 38790 |
| 819 | Cadence Design Systems, <br> Inc. (b) | 287682 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Software (Continued)**  |  |
| 715 | CrowdStrike Holdings, Inc., <br> Class A (b) | $350622 |
| 1819 | Datadog, Inc., Class A (b) | 259026 |
| 2056 | Dropbox, Inc., Class A (b) | 62112 |
| 1017 | Dynatrace, Inc. (b) | 49274 |
| 1245 | Gitlab, Inc., Class A (b) | 56125 |
| 818 | Intuit, Inc. | 558620 |
| 3694 | Microsoft Corp. | 1913307 |
| 3885 | Oracle Corp. | 1092617 |
| 6862 | Palantir Technologies, Inc., <br> Class A (b) | 1251766 |
| 381 | Qualys, Inc. (b) | 50418 |
| 3122 | SentinelOne, Inc., Class A (b) | 54978 |
| 883 | ServiceNow, Inc. (b) | 812607 |
| 459 | Synopsys, Inc. (b) | 226466 |
| 1062 | Trend Micro, Inc. (JPY) | 58168 |
| 4333 | UiPath, Inc., Class A (b) | 57976 |
| 1434 | Zoom Communications, Inc. (b) | 118305 |
| 289 | Zscaler, Inc. (b) | 86602 |
|  |  | 8375956 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 0.5%**  |  |
| 609 | NetApp, Inc. | 72142 |
| 1328 | Super Micro Computer, Inc. (b) | 63664 |
|  |  | 135806 |
|  | **Total Investments — 99.8%** | 25573741 |
|  | (Cost $22,596,767) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.2%** | 47808 |
|  | **Net Assets — 100.0%** | $25621549 |

---

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

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

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

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

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| CAD | – Canadian Dollar |
| EUR | – Euro |
| JPY | – Japanese Yen |
| KRW | – South Korean Won |
| TWD | – New Taiwan Dollar |

---

See Notes to Financial Statements

------

**First Trust Bloomberg Artificial Intelligence ETF (FAI)**

**Portfolio of Investments (Continued)**

**September 30, 2025**

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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\* | $25573741 | $25573741 | $— | $— |

---

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

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**First Trust Bloomberg Nuclear Power ETF (RCTR)**

**Portfolio of Investments**

**September 30, 2025**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (a) — 99.6%** | **COMMON STOCKS (a) — 99.6%** | **COMMON STOCKS (a) — 99.6%** |
|  | **Aerospace & Defense — 13.7%**  |  |
| 4770 | Babcock International <br> Group PLC (GBP) | $85322 |
| 1317 | BWX Technologies, Inc. | 242815 |
| 384 | Huntington Ingalls Industries, <br> Inc. | 110557 |
| 14367 | Rolls-Royce Holdings PLC <br> (GBP) | 229934 |
|  |  | 668628 |
|  | **Commercial Services &** <br> **Supplies — 0.2%**  |  |
| 258 | KEPCO Plant Service & <br> Engineering Co., Ltd. (KRW) | 8762 |
|  | **Construction & Engineering** <br> **— 3.1%**  |  |
| 684 | Aecon Group, Inc. (CAD) | 11707 |
| 693 | AtkinsRealis Group, Inc. (CAD) | 50014 |
| 639 | Hyundai Engineering & <br> Construction Co., Ltd. (KRW) | 24776 |
| 306 | KEPCO Engineering & <br> Construction Co., Inc. (KRW) | 18277 |
| 4953 | Worley Ltd. (AUD) | 46047 |
|  |  | 150821 |
|  | **Electric Utilities — 32.0%**  |  |
| 3228 | CEZ A/S (CZK) | 200363 |
| 603 | Constellation Energy Corp. | 198429 |
| 1605 | Duke Energy Corp. | 198619 |
| 2301 | Entergy Corp. | 214430 |
| 4233 | Fortum Oyj (EUR) | 80038 |
| 9100 | Kansai Electric Power (The) Co., <br> Inc. (JPY) | 130360 |
| 2607 | Korea Electric Power Corp. <br> (KRW) | 66984 |
| 4500 | Kyushu Electric Power Co., Inc. <br> (JPY) | 45020 |
| 2154 | Oklo, Inc. (b) | 240451 |
| 2061 | Southern (The) Co. | 195321 |
|  |  | 1570015 |
|  | **Electrical Equipment — 14.2%**  |  |
| 30000 | Dongfang Electric Corp., Ltd., <br> Class H (HKD) | 64033 |
| 4284 | Doosan Enerbility Co., Ltd. <br> (KRW) (b) | 191445 |
| 364 | GE Vernova, Inc. | 223824 |
| 2376 | NuScale Power Corp. (b) | 85536 |
| 248994 | Shanghai Electric Group Co., <br> Ltd., Class H (HKD) (b) | 130545 |
|  |  | 695383 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Independent Power and** <br> **Renewable Electricity** <br>**Producers — 7.7%**  |  |
| 343490 | CGN Power Co., Ltd., Class H <br> (HKD) (c) (d) | $127563 |
| 83998 | Huaneng Power International, <br> Inc., Class H (HKD) | 58503 |
| 981 | Vistra Corp. | 192197 |
|  |  | 378263 |
|  | **Industrial Conglomerates —** <br> **3.6%**  |  |
| 6700 | Hitachi Ltd. (JPY) | 178051 |
|  | **Machinery — 5.9%**  |  |
| 4200 | IHI Corp. (JPY) | 78385 |
| 8100 | Mitsubishi Heavy Industries Ltd. <br> (JPY) | 212462 |
|  |  | 290847 |
|  | **Metals & Mining — 4.3%**  |  |
| 7437 | BHP Group Ltd. (AUD) | 209293 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 14.9%**  |  |
| 7938 | Boss Energy Ltd. (AUD) (b) | 10820 |
| 2577 | Cameco Corp. (CAD) | 216278 |
| 309 | Centrus Energy Corp., <br> Class A (b) | 95812 |
| 44998 | CGN Mining Co., Ltd. (HKD) | 18214 |
| 17856 | Denison Mines Corp. (CAD) (b) | 49140 |
| 3828 | Energy Fuels, Inc. (CAD) (b) | 58780 |
| 10485 | NexGen Energy Ltd. (CAD) (b) | 93873 |
| 7479 | Paladin Energy Ltd. (AUD) (b) | 41175 |
| 8421 | Uranium Energy Corp. (b) | 112336 |
| 4224 | Yellow Cake PLC <br> (GBP) (b) (c) (d) | 32409 |
|  |  | 728837 |
|  | **Total Investments — 99.6%** | 4878900 |
|  | (Cost $4,628,804) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.4%** | 20891 |
|  | **Net Assets — 100.0%** | $4899791 |

---

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

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

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

See Notes to Financial Statements

------

**First Trust Bloomberg Nuclear Power ETF (RCTR)**

**Portfolio of Investments (Continued)**

**September 30, 2025**

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

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| AUD | – Australian Dollar |
| CAD | – Canadian Dollar |
| CZK | – Czech Koruna |
| EUR | – Euro |
| GBP | – British Pound Sterling |
| HKD | – Hong Kong Dollar |
| JPY | – Japanese Yen |
| KRW | – South Korean Won |
| USD | – United States Dollar |

---

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

---

| | |
|:---|:---|
| **Currency Exposure Diversification** | **% of Total** <br>**Investments**<br>|
| USD | 43.2% |
| JPY | 13.2 |
| CAD | 9.8 |
| HKD | 8.2 |
| GBP | 7.1 |
| KRW | 6.4 |
| AUD | 6.3 |
| CZK | 4.1 |
| EUR | 1.7 |
| Total | 100.0% |

---

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

---

| | |
|:---|:---|
| **Country Allocation**<sup>†</sup> <br>| **% of Net** <br>**Assets**<br>|
| United States | 43.1% |
| Japan | 13.1 |
| Canada | 9.8 |
| China | 7.8 |
| United Kingdom | 6.4 |
| South Korea | 6.3 |
| Australia | 6.3 |
| Czech Republic | 4.1 |
| Finland | 1.6 |
| Jersey | 0.7 |
| Cayman Islands | 0.4 |
| Total Investments | 99.6 |
| Net Other Assets and Liabilities | 0.4 |
| Total | 100.0% |

---

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

<sup>†</sup> Portfolio securities are categorized based upon their country of incorporation, which can be different from the country categorization of the Fund's underlying index.

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Note 2A - Portfolio Valuation in the Notes to Financial Statements):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<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\* | $4878900 | $4878900 | $— | $— |

---

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

\* See Portfolio of Investments for industry breakout.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Statements of Assets and Liabilities**

**September 30, 2025**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **First Trust** <br> **Nasdaq Lux** <br> **Digital Health** <br> **Solutions ETF** <br>**(EKG)** <br>| **First Trust** <br> **Indxx Metaverse** <br> **ETF** <br>**(ARVR)** <br>| **First Trust** <br> **Bloomberg** <br> **Artificial** <br> **Intelligence ETF** <br>**(FAI)** <br>| **First Trust** <br> **Bloomberg** <br> **Nuclear Power** <br> **ETF** <br>**(RCTR)** <br>|
| **ASSETS:** |  |  |  |  |
| Investments, at value | $2611642 | &nbsp;&nbsp; $2520097 | &nbsp;&nbsp; $25573741 | &nbsp;&nbsp; $4878900 |
| Cash |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 54861 | &nbsp;&nbsp; 18132 |
| Foreign currency, at value |  | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 94376 | &nbsp;&nbsp; 179 |
| Receivables: |  |  |  |  |
| Dividends | 8 | &nbsp;&nbsp; 1606 | &nbsp;&nbsp; 3813 | &nbsp;&nbsp; 4757 |
| Capital shares sold |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 1155 | &nbsp;&nbsp; — |
| Total Assets | 2611650 | &nbsp;&nbsp; 2521738 | &nbsp;&nbsp; 25727946 | &nbsp;&nbsp; 4901968 |
| **LIABILITIES:** |  |  |  |  |
| Payables: |  |  |  |  |
| Investment advisory fees | 1410 | &nbsp;&nbsp; 1410 | &nbsp;&nbsp; 11961 | &nbsp;&nbsp; 2177 |
| Investment securities purchased |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 94363 | &nbsp;&nbsp; — |
| Other liabilities |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 73 | &nbsp;&nbsp; — |
| Total Liabilities | 1410 | &nbsp;&nbsp; 1410 | &nbsp;&nbsp; 106397 | &nbsp;&nbsp; 2177 |
| **NET ASSETS** | $2610240 | &nbsp;&nbsp; $2520328 | &nbsp;&nbsp; $25621549 | &nbsp;&nbsp; $4899791 |
| **NET ASSETS consist of:** |  |  |  |  |
| Paid-in capital | $2881254 | &nbsp;&nbsp; $2237249 | &nbsp;&nbsp; $22803090 | &nbsp;&nbsp; $4639543 |
| Par value | 1500 | &nbsp;&nbsp; 500 | &nbsp;&nbsp; 6500 | &nbsp;&nbsp; 1500 |
| Accumulated distributable earnings (loss) | (272514)<br>| &nbsp;&nbsp; 282579 | &nbsp;&nbsp; 2811959 | &nbsp;&nbsp; 258748 |
| **NET ASSETS** | $2610240 | &nbsp;&nbsp; $2520328 | &nbsp;&nbsp; $25621549 | &nbsp;&nbsp; $4899791 |
| **NET ASSET VALUE,** per share | $17.40 | &nbsp;&nbsp; $50.40 | &nbsp;&nbsp; $39.42 | &nbsp;&nbsp; $32.66 |
| Number of shares outstanding (unlimited number of <br> shares authorized, par value $0.01 per share)<br>| 150002 | &nbsp;&nbsp; 50002 | &nbsp;&nbsp; 650002 | &nbsp;&nbsp; 150002 |
| Investments, at cost | $2653456 | &nbsp;&nbsp; $2115425 | &nbsp;&nbsp; $22596767 | &nbsp;&nbsp; $4628804 |
| Foreign currency, at cost (proceeds) | $— | &nbsp;&nbsp; $35 | &nbsp;&nbsp; $94376 | &nbsp;&nbsp; $179 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Statements of Operations**

**For the Period Ended September 30, 2025**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **First Trust** <br> **Nasdaq Lux** <br> **Digital Health** <br> **Solutions ETF** <br>**(EKG)** <br>| **First Trust** <br> **Indxx Metaverse** <br> **ETF** <br>**(ARVR)** <br>| **First Trust** <br> **Bloomberg** <br> **Artificial** <br> **Intelligence ETF** <br>**(FAI) (a)**<br>| **First Trust** <br> **Bloomberg** <br> **Nuclear Power** <br> **ETF** <br>**(RCTR) (b)**<br>|
| **INVESTMENT INCOME:** |  |  |  |  |
| Dividends | $5743 | &nbsp;&nbsp; $32814 | &nbsp;&nbsp; $40661 | &nbsp;&nbsp; $12661 |
| Foreign withholding tax | (130)<br>| &nbsp;&nbsp; (2661)<br>| &nbsp;&nbsp; (2771)<br>| &nbsp;&nbsp; (472)<br>|
| Total investment income | 5613 | &nbsp;&nbsp; 30153 | &nbsp;&nbsp; 37890 | &nbsp;&nbsp; 12189 |
| **EXPENSES:** |  |  |  |  |
| Investment advisory fees | 18380<br>| &nbsp;&nbsp; 22110<br>| &nbsp;&nbsp; 54949<br>| &nbsp;&nbsp; 3813<br>|
| Other expenses | 261 | &nbsp;&nbsp; 165 | &nbsp;&nbsp; 862 | &nbsp;&nbsp; — |
| Total expenses | 18641 | &nbsp;&nbsp; 22275 | &nbsp;&nbsp; 55811 | &nbsp;&nbsp; 3813 |
| **NET INVESTMENT INCOME (LOSS)** | (13028)<br>| &nbsp;&nbsp; 7878 | &nbsp;&nbsp; (17921)<br>| &nbsp;&nbsp; 8376 |
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS):**<br>|  |  |  |  |
| Net realized gain (loss) on: |  |  |  |  |
| Investments | (87971)<br>| &nbsp;&nbsp; (121239)<br>| &nbsp;&nbsp; (163586)<br>| &nbsp;&nbsp; — |
| In-kind redemptions | 236265 | &nbsp;&nbsp; 486324 | &nbsp;&nbsp; 746654 | &nbsp;&nbsp; — |
| Foreign currency transactions |  | &nbsp;&nbsp; (888)<br>| &nbsp;&nbsp; (2415)<br>| &nbsp;&nbsp; 248 |
| Net realized gain (loss) | 148294 | &nbsp;&nbsp; 364197 | &nbsp;&nbsp; 580653 | &nbsp;&nbsp; 248 |
| Net change in unrealized appreciation (depreciation) <br> on:<br>|  |  |  |  |
| Investments | (57470)<br>| &nbsp;&nbsp; 329423 | &nbsp;&nbsp; 2976974 | &nbsp;&nbsp; 250096 |
| Foreign currency translation |  | &nbsp;&nbsp; 14 | &nbsp;&nbsp; (228)<br>| &nbsp;&nbsp; 28 |
| Net change in unrealized appreciation (depreciation) | (57470)<br>| &nbsp;&nbsp; 329437 | &nbsp;&nbsp; 2976746 | &nbsp;&nbsp; 250124 |
| **NET REALIZED AND UNREALIZED GAIN** <br> **(LOSS)**<br>| 90824 | &nbsp;&nbsp; 693634 | &nbsp;&nbsp; 3557399 | &nbsp;&nbsp; 250372 |
| **NET INCREASE (DECREASE) IN NET** <br> **ASSETS RESULTING FROM** <br> **OPERATIONS**<br>| $77796 | &nbsp;&nbsp; $701512 | &nbsp;&nbsp; $3539478 | &nbsp;&nbsp; $258748 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is November 20, 2024, which is consistent with the commencement of investment operations and is the date the initial
 creation units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Inception
 date is July 30, 2025, which is consistent with the commencement of investment operations and is the date the initial creation
 units were established.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Statements of Changes in Net Assets** 

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **First Trust Nasdaq Lux Digital** <br> **Health Solutions ETF (EKG)** | **First Trust Nasdaq Lux Digital** <br> **Health Solutions ETF (EKG)** | **First Trust Indxx Metaverse ETF** <br> **(ARVR)** | **First Trust Indxx Metaverse ETF** <br> **(ARVR)** |
|  | **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>| **Year** <br>**Ended** <br>**9/30/2025** <br>| **Year** <br>**Ended** <br>**9/30/2024** <br>|
| **OPERATIONS:** |  |  |  |  |
| Net investment income (loss) | $(13028)<br>| &nbsp;&nbsp; $(12059)<br>| &nbsp;&nbsp; $7878 | &nbsp;&nbsp; $4948 |
| Net realized gain (loss) | 148294 | &nbsp;&nbsp; 345109 | &nbsp;&nbsp; 364197 | &nbsp;&nbsp; 324982 |
| Net change in unrealized appreciation (depreciation) | (57470)<br>| &nbsp;&nbsp; 248472 | &nbsp;&nbsp; 329437 | &nbsp;&nbsp; 145239 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 77796 | &nbsp;&nbsp; 581522 | &nbsp;&nbsp; 701512 | &nbsp;&nbsp; 475169 |
| **DISTRIBUTIONS TO SHAREHOLDERS FROM:** |  |  |  |  |
| Investment operations |  | &nbsp;&nbsp; — | &nbsp;&nbsp; (28440)<br>| &nbsp;&nbsp; (3710)<br>|
| **SHAREHOLDER TRANSACTIONS:** |  |  |  |  |
| Proceeds from shares sold | 845307<br>| &nbsp;&nbsp; 6566924<br>| &nbsp;&nbsp; 3794091<br>| &nbsp;&nbsp; 5318584<br>|
| Cost of shares redeemed | (870399) <br>| &nbsp;&nbsp; (5295678) <br>| &nbsp;&nbsp; (5724986) <br>| &nbsp;&nbsp; (3466788) <br>|
| Net increase (decrease) in net assets resulting from <br> shareholder transactions<br>| (25092)<br>| &nbsp;&nbsp; 1271246 | &nbsp;&nbsp; (1930895)<br>| &nbsp;&nbsp; 1851796 |
| Total increase (decrease) in net assets | 52704 | &nbsp;&nbsp; 1852768 | &nbsp;&nbsp; (1257823)<br>| &nbsp;&nbsp; 2323255 |
| **NET ASSETS:** |  |  |  |  |
| Beginning of period | 2557536 | &nbsp;&nbsp; 704768 | &nbsp;&nbsp; 3778151 | &nbsp;&nbsp; 1454896 |
| End of period | $2610240 | &nbsp;&nbsp; $2557536 | &nbsp;&nbsp; $2520328 | &nbsp;&nbsp; $3778151 |
| **CHANGES IN SHARES OUTSTANDING:** |  |  |  |  |
| Shares outstanding, beginning of period | 150002 | &nbsp;&nbsp; 50002 | &nbsp;&nbsp; 100002 | &nbsp;&nbsp; 50002 |
| Shares sold | 50000 | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 150000 |
| Shares redeemed | (50000)<br>| &nbsp;&nbsp; (350000)<br>| &nbsp;&nbsp; (150000)<br>| &nbsp;&nbsp; (100000)<br>|
| Shares outstanding, end of period | 150002 | &nbsp;&nbsp; 150002 | &nbsp;&nbsp; 50002 | &nbsp;&nbsp; 100002 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is November 20, 2024, which is consistent with the commencement of investment operations and is the date the initial
 creation units were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Inception
 date is July 30, 2025, which is consistent with the commencement of investment operations and is the date the initial creation
 units were established.

See Notes to Financial Statements

------

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

---

| | |
|:---|:---|
| **First Trust** <br> **Bloomberg** <br> **Artificial** <br> **Intelligence** <br> **ETF (FAI)**<br>| **First Trust** <br> **Bloomberg** <br> **Nuclear Power** <br> **ETF (RCTR)**<br>|
| **Period** <br>**Ended** <br>**9/30/2025 (a)**<br>| **Period** <br>**Ended** <br>**9/30/2025 (b)**<br>|
| $(17921)<br>| &nbsp;&nbsp; $8376 |
| 580653 | &nbsp;&nbsp; 248 |
| 2976746 | &nbsp;&nbsp; 250124 |
| 3539478 | &nbsp;&nbsp; 258748 |
| (600)<br>| &nbsp;&nbsp; — |
| 25475758<br>| &nbsp;&nbsp; 4641043<br>|
| (3393087) <br>| &nbsp;&nbsp; —<br>|
| 22082671 | &nbsp;&nbsp; 4641043 |
| 25621549 | &nbsp;&nbsp; 4899791 |
| $25621549 | &nbsp;&nbsp; $4899791 |
| 750002 | &nbsp;&nbsp; 150002 |
| (100000)<br>| &nbsp;&nbsp; — |
| 650002 | &nbsp;&nbsp; 150002 |

---

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights**

**For a share outstanding throughout each period**

**First Trust Nasdaq Lux Digital Health Solutions ETF (EKG)**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Period** <br>**Ended** <br>**9/30/2022 (a)** |
|  | **2025** | **2024** | **2023** | **Period** <br>**Ended** <br>**9/30/2022 (a)** |
| Net asset value, beginning of period | $17.05 | &nbsp;&nbsp;&nbsp;&nbsp; $14.09 | &nbsp;&nbsp;&nbsp;&nbsp; $14.17 | &nbsp;&nbsp;&nbsp;&nbsp; $20.44 |
| **Income from investment operations:** |  |  |  |  |
| Net investment income (loss)  | (0.08) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.09) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.10) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.10) <br>|
| Net realized and unrealized gain (loss) | 0.43<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.05<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.02<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6.17) <br>|
| Total from investment operations | 0.35<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.96<br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.08) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (6.27) <br>|
| Net asset value, end of period | $17.40<br>| &nbsp;&nbsp;&nbsp;&nbsp; $17.05<br>| &nbsp;&nbsp;&nbsp;&nbsp; $14.09<br>| &nbsp;&nbsp;&nbsp;&nbsp; $14.17<br>|
| **Total return** (c) | 2.05<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 21.01<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.56)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (30.68)% <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |
| Net assets, end of period (in 000's) | $2610<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2558<br>| &nbsp;&nbsp;&nbsp;&nbsp; $705<br>| &nbsp;&nbsp;&nbsp;&nbsp; $708<br>|
| Ratio of total expenses to average net assets | 0.66<br> % (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65<br> % (e)<br>|
| Ratio of net investment income (loss) to average net assets | (0.46)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.55)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.58)% <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.61)% (e)<br>|
| Portfolio turnover rate (f) | 12<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 16<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 18<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is March 22, 2022, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Includes
 extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.65%.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout each period**

**First Trust Indxx Metaverse ETF (ARVR)**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Period** <br>**Ended** <br>**9/30/2022 (a)** |
|  | **2025** | **2024** | **2023** | **Period** <br>**Ended** <br>**9/30/2022 (a)** |
| Net asset value, beginning of period | $37.78 | &nbsp;&nbsp;&nbsp;&nbsp; $29.10 | &nbsp;&nbsp;&nbsp;&nbsp; $22.34 | &nbsp;&nbsp;&nbsp;&nbsp; $30.21 |
| **Income from investment operations:** |  |  |  |  |
| Net investment income (loss)  | 0.10<br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.07<br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10<br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.06<br>|
| Net realized and unrealized gain (loss) | 12.80<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.66<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.74<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7.93) <br>|
| Total from investment operations | 12.90<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.73<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.84<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7.87) <br>|
| **Distributions paid to shareholders from:** |  |  |  |  |
| Net investment income | (0.28) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.05) <br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.08) <br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Net asset value, end of period | $50.40<br>| &nbsp;&nbsp;&nbsp;&nbsp; $37.78<br>| &nbsp;&nbsp;&nbsp;&nbsp; $29.10<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.34<br>|
| **Total return** (c) | 34.40<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 30.01<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 30.66<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; (26.05)% <br>|
| **Ratios to average net assets/supplemental data:** |  |  |  |  |
| Net assets, end of period (in 000's) | $2520<br>| &nbsp;&nbsp;&nbsp;&nbsp; $3778<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1455<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1117<br>|
| Ratio of total expenses to average net assets | 0.71<br> % (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> % (e)<br>|
| Ratio of net investment income (loss) to average net assets | 0.25<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.20<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.35<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.28<br> % (e)<br>|
| Portfolio turnover rate (f) | 51<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 39<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 31<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; 11<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is April 19, 2022, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Includes
 extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.70%.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout the period**

**First Trust Bloomberg Artificial Intelligence ETF (FAI)**

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

---

| | |
|:---|:---|
|  | **Period** <br>**Ended** <br>**9/30/2025 (a)** |
|  | **Period** <br>**Ended** <br>**9/30/2025 (a)** |
| Net asset value, beginning of period | $29.84 |
| **Income from investment operations:** |  |
| Net investment income (loss) (b) | (0.06) <br>|
| Net realized and unrealized gain (loss) | 9.65<br>|
| Total from investment operations | 9.59<br>|
| **Distributions paid to shareholders from:** |  |
| Net investment income | (0.01) <br>|
| Net asset value, end of period | $39.42<br>|
| **Total return** (c) | 32.16<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |
| Net assets, end of period (in 000's) | $25622<br>|
| Ratio of total expenses to average net assets | 0.66<br> % (d) (e)<br>|
| Ratio of net investment income (loss) to average net assets | (0.21)% (d)<br>|
| Portfolio turnover rate (f) | 10<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is November 20, 2024, which is consistent with the commencement of investment operations and is the date the initial creation units
 were established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The return presented does not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Includes
 extraordinary expenses. If these extraordinary expenses were not included, the expense ratio would have been 0.65%.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**First Trust Exchange-Traded Fund II**

**Financial Highlights (Continued)** 

**For a share outstanding throughout the period**

**First Trust Bloomberg Nuclear Power ETF (RCTR)**

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

---

| | |
|:---|:---|
|  | **Period** <br>**Ended** <br>**9/30/2025 (a)** |
|  | **Period** <br>**Ended** <br>**9/30/2025 (a)** |
| Net asset value, beginning of period | $30.22 |
| **Income from investment operations:** |  |
| Net investment income (loss) (b) | 0.08<br>|
| Net realized and unrealized gain (loss) | 2.36<br>|
| Total from investment operations | 2.44<br>|
| Net asset value, end of period | $32.66<br>|
| **Total return** (c) | 8.07<br> % <br>|
| **Ratios to average net assets/supplemental data:** |  |
| Net assets, end of period (in 000's) | $4900<br>|
| Ratio of total expenses to average net assets | 0.70<br> % (d)<br>|
| Ratio of net investment income (loss) to average net assets | 1.54<br> % (d)<br>|
| Portfolio turnover rate (e) | 0<br> % <br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inception
 date is July 30, 2025, which is consistent with the commencement of investment operations and is the date the initial creation units were
 established.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Based
 on average shares outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Total
 return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions
 at net asset value during the period, and redemption at net asset value on the last day of the period. The return presented does not reflect
 the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated
 for the time period presented and is not annualized for periods of less than a year.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Portfolio
 turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received
 or delivered from processing creations or redemptions and in-kind transactions.

See Notes to Financial Statements

------

**Notes to Financial Statements**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

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

**1. Organization**

First Trust Exchange-Traded Fund II (the "Trust") is an open-end management investment company organized as a Massachusetts business trust on July 6, 2006, and is registered with the Securities and Exchange Commission under the Investment Company Act of 1940, as amended (the "1940 Act").

This report covers the four funds (each a "Fund" and collectively, the "Funds") listed below:

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

---

| |
|:---|
| First Trust Nasdaq Lux Digital Health Solutions ETF – (Nasdaq, Inc. ("Nasdaq") ticker "EKG") |
| First Trust Indxx Metaverse ETF – (Nasdaq ticker "ARVR") |
| First Trust Bloomberg Artificial Intelligence ETF – (NYSE Arca, Inc. ("NYSE Arca") ticker "FAI")<sup>(1)</sup> <br>|
| First Trust Bloomberg Nuclear Power ETF – (NYSE Arca ticker "RCTR")<sup>(2)</sup> <br>|

---

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

<sup>(1)</sup> Commenced investment operations on November 20, 2024. <br> <sup>(2)</sup> Commenced investment operations on July 30, 2025.

Each of EKG, FAI and RCTR operates as a non-diversified series of the Trust. ARVR operates as a diversified open-end management investment company as defined in section 5(b) of the 1940 Act. Each Fund represents a separate series of shares of beneficial interest in the Trust. Unlike conventional mutual funds, each Fund issues and redeems shares on a continuous basis, at net asset value ("NAV"), only in large blocks of shares known as "Creation Units." The investment objective of each Fund is to seek investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of the following indices:

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

---

| | |
|:---|:---|
| **Fund**  | **Index** |
| First Trust Nasdaq Lux Digital Health Solutions ETF | Nasdaq Lux Health Tech<sup>TM</sup> Index |
| First Trust Indxx Metaverse ETF | Indxx Metaverse Index |
| First Trust Bloomberg Artificial Intelligence ETF | Bloomberg Artificial Intelligence Index |
| First Trust Bloomberg Nuclear Power ETF | Bloomberg Nuclear Power Index |

---

**2. Significant Accounting Policies** 

The Funds are each considered an investment company and follow accounting and reporting guidance under Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, "Financial Services-Investment Companies." The following is a summary of significant accounting policies consistently followed by the Funds in the preparation of the financial statements. The preparation of the financial statements in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates.

**A. Portfolio Valuation**

Each Fund's NAV is determined daily as of the close of regular trading on the New York Stock Exchange ("NYSE"), normally 4:00 p.m. Eastern time, on each day the NYSE is open for trading. If the NYSE closes early on a valuation day, the NAV is determined as of that time. Foreign securities are priced using data reflecting the earlier closing of the principal markets for those securities. Each Fund's NAV is calculated by dividing the value of all assets of each Fund (including accrued interest and dividends), less all liabilities (including accrued expenses and dividends declared but unpaid), by the total number of shares outstanding.

Each Fund's investments are valued daily at market value or, in the absence of market value with respect to any portfolio securities, at fair value. Market value prices represent readily available market quotations such as last sale or official closing prices from a national or foreign exchange (i.e., a regulated market) and are primarily obtained from third-party pricing services. Fair value prices represent any prices not considered market value prices and are either obtained from a third-party pricing service or are determined by the Pricing Committee of the Funds' investment advisor, First Trust Advisors L.P. ("First Trust" or the "Advisor"), in accordance with valuation procedures approved by the Trust's Board of Trustees, and in accordance with provisions of the 1940 Act and rules thereunder. Investments valued by the Advisor's Pricing Committee, if any, are footnoted as such in the footnotes to the Portfolio of Investments. Each Fund's investments are valued as follows:

Common stocks and other equity securities listed on any national or foreign exchange (excluding Nasdaq and the London Stock Exchange Alternative Investment Market ("AIM")) are valued at the last sale price on the exchange on which they are principally traded or, for Nasdaq and AIM securities, the official closing price. Securities traded on more than one securities

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

exchange are valued at the last sale price or official closing price, as applicable, at the close of the securities exchange representing the primary exchange for such securities.

Securities trading on foreign exchanges or over-the-counter markets that close prior to the NYSE close may be valued using a systematic fair valuation model provided by a third-party pricing service. If these foreign securities meet certain criteria in relation to the valuation model, their valuation is systematically adjusted to reflect the impact of movement in the U.S. market after the close of the foreign markets.

Shares of open-end funds are valued based on NAV per share.

Equity securities traded in an over-the-counter market are valued at the close price or the last trade price.

Certain securities may not be able to be priced by pre-established pricing methods. Such securities may be valued by the Advisor's Pricing Committee at fair value. These securities generally include, but are not limited to, restricted securities (securities which may not be publicly sold without registration under the Securities Act of 1933, as amended) for which a third-party pricing service is unable to provide a market price; securities whose trading has been formally suspended; a security whose market or fair value price is not available from a pre-established pricing source; a security with respect to which an event has occurred that is likely to materially affect the value of the security after the market has closed but before the calculation of a Fund's NAV or make it difficult or impossible to obtain a reliable market quotation; and a security whose price, as provided by the third-party pricing service, does not reflect the security's fair value. As a general principle, the current fair value of a security would appear to be the amount which the owner might reasonably expect to receive for the security upon its current sale. When fair value prices are used, generally they will differ from market quotations or official closing prices on the applicable exchanges. A variety of factors may be considered in determining the fair value of such securities, including, but not limited to, the following:

1)

the last sale price on the exchange on which they are principally traded or, for Nasdaq and AIM securities, the official closing price;

2)

the type of security;

3)

the size of the holding;

4)

the initial cost of the security;

5)

transactions in comparable securities;

6)

price quotes from dealers and/or third-party pricing services;

7)

relationships among various securities;

8)

information obtained by contacting the issuer, analysts, or the appropriate stock exchange;

9)

an analysis of the issuer's financial statements;

10)

the existence of merger proposals or tender offers that might affect the value of the security; and

11)

other relevant factors.

If the securities in question are foreign securities, the following additional information may be considered:

1)

the last sale price on the exchange on which they are principally traded;

2)

the value of similar foreign securities traded on other foreign markets;

3)

ADR trading of similar securities;

4)

closed-end fund or exchange-traded fund trading of similar securities;

5)

foreign currency exchange activity;

6)

the trading prices of financial products that are tied to baskets of foreign securities;

7)

factors relating to the event that precipitated the pricing problem;

8)

whether the event is likely to recur;

9)

whether the effects of the event are isolated or whether they affect entire markets, countries or regions; and

10)

other relevant factors.

In addition, differences between the prices used to calculate a Fund's NAV and the prices used by such Fund's corresponding index could result in a difference between a Fund's performance and the performance of its underlying index.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

Because foreign markets may be open on different days than the days during which investors may transact in the shares of a Fund, the value of the Fund's securities may change on the days when investors are not able to transact in the shares of the Fund. The value of the securities denominated in foreign currencies is converted into U.S. dollars using exchange rates determined daily as of the close of regular trading on the NYSE.

The Funds are subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Level 1 inputs are quoted prices in active markets for identical investments. An active market is a market in which transactions for the investment occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Level 2 inputs are observable inputs, either directly or indirectly, and include the following:

o Quoted prices for similar investments in active markets.

o Quoted prices for identical or similar investments in markets that are non-active. A non-active market is a market where there are few transactions for the investment, the prices are not current, or price quotations vary substantially either over time or among market makers, or in which little information is released publicly.

o Inputs other than quoted prices that are observable for the investment (for example, interest rates and yield curves observable at commonly quoted intervals, volatilities, prepayment speeds, loss severities, credit risks, and default rates).

o Inputs that are derived principally from or corroborated by observable market data by correlation or other means.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Level 3 inputs are unobservable inputs. Unobservable inputs may reflect the reporting entity's own assumptions about the assumptions that market participants would use in pricing the investment.

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments. A summary of the inputs used to value each Fund's investments as of September 30, 2025, is included with each Fund's Portfolio of Investments.

**B. Securities Transactions and Investment Income** 

Securities transactions are recorded as of the trade date. Realized gains and losses from securities transactions are recorded on the identified cost basis. Dividend income is recorded on the ex-dividend date except that certain dividends from foreign securities are recorded as soon as the information becomes available after the ex-dividend date. Interest income, if any, is recorded on the accrual basis.

Withholding taxes and tax reclaims on foreign dividends have been provided for in accordance with each Fund's understanding of the applicable country's tax rules and rates.

**C. Foreign Currency**

The books and records of the Funds are maintained in U.S. dollars. Foreign currencies, investments and other assets and liabilities are translated into U.S. dollars at the exchange rates prevailing at the end of the period. Purchases and sales of investments and items of income and expense are translated on the respective dates of such transactions. Unrealized gains and losses on assets and liabilities, other than investments in securities, which result from changes in foreign currency exchange rates have been included in "Net change in unrealized appreciation (depreciation) on foreign currency translation" on the Statements of Operations. Unrealized gains and losses on investments in securities which result from changes in foreign exchange rates are included with fluctuations arising from changes in market price and are shown in "Net change in unrealized appreciation (depreciation) on investments" on the Statements of Operations. Net realized foreign currency gains and losses include the effect of changes in exchange rates between trade date and settlement date on investment security transactions, foreign currency transactions and interest and dividends received and are included in "Net realized gain (loss) on foreign currency transactions" on the Statements of Operations. The portion of foreign currency gains and losses related to fluctuations in exchange rates between the initial purchase settlement date and subsequent sale trade date is included in "Net realized gain (loss) on investments" on the Statements of Operations.

**D. Dividends and Distributions to Shareholders**

Dividends from net investment income of each Fund, if any, are declared and paid quarterly, or as the Board of Trustees may determine from time to time. Distributions of net realized capital gains earned by each Fund, if any, are distributed at least annually. Each Fund may also designate a portion of the amount paid to redeeming shareholders as a distribution for tax purposes.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

Distributions from net investment income and realized capital gains are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP. Certain capital accounts in the financial statements are periodically adjusted for permanent differences in order to reflect their tax character. These permanent differences are primarily due to the varying treatment of income and gain/loss on portfolio securities held by the Funds and have no impact on net assets or NAV per share. Temporary differences, which arise from recognizing certain items of income, expense and gain/loss in different periods for financial statement and tax purposes, will reverse at some time in the future.

The tax character of distributions paid by each Fund during the fiscal period ended September 30, 2025 were as follows:

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

---

| | | | |
|:---|:---|:---|:---|
|  | Distributions <br>paid from <br>Ordinary <br>Income<br>| Distributions <br>paid from <br>Capital <br>Gains<br>| Distributions <br>paid from <br>Return of <br>Capital<br>|
| First Trust Nasdaq Lux Digital Health Solutions ETF | $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| First Trust Indxx Metaverse ETF | 28440 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Bloomberg Artificial Intelligence ETF | 600 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| First Trust Bloomberg Nuclear Power ETF |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — |

---

The tax character of distributions paid by each Fund during the fiscal year ended September 30, 2024 were as follows:

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

---

| | | | |
|:---|:---|:---|:---|
|  | Distributions <br>paid from <br>Ordinary <br>Income<br>| Distributions <br>paid from <br>Capital <br>Gains<br>| Distributions <br>paid from <br>Return of <br>Capital<br>|
| First Trust Nasdaq Lux Digital Health Solutions ETF | $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| First Trust Indxx Metaverse ETF | 3710 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |

---

As of September 30, 2025, the components of distributable earnings on a tax basis for each Fund were as follows:

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

---

| | | | |
|:---|:---|:---|:---|
|  | Undistributed <br>Ordinary <br>Income<br>| Accumulated <br>Capital and <br>Other <br>Gain (Loss)<br>| Net <br>Unrealized <br>Appreciation <br>(Depreciation)<br>|
| First Trust Nasdaq Lux Digital Health Solutions ETF | $(9252)<br>| &nbsp;&nbsp; $(199446)<br>| &nbsp;&nbsp; $(63816)<br>|
| First Trust Indxx Metaverse ETF | 9875 | &nbsp;&nbsp; (92792)<br>| &nbsp;&nbsp; 365496 |
| First Trust Bloomberg Artificial Intelligence ETF | (20336)<br>| &nbsp;&nbsp; (5026)<br>| &nbsp;&nbsp; 2837321 |
| First Trust Bloomberg Nuclear Power ETF | 28499 | &nbsp;&nbsp; — | &nbsp;&nbsp; 230249 |

---

**E. Income Taxes**

Each Fund intends to qualify or continue to qualify as a regulated investment company by complying with the requirements under Subchapter M of the Internal Revenue Code of 1986, as amended, which includes distributing substantially all of its net investment income and net realized gains to shareholders. Accordingly, no provision has been made for federal and state income taxes. However, due to the timing and amount of distributions, each Fund may be subject to an excise tax of 4% of the amount by which approximately 98% of each Fund's taxable income exceeds the distributions from such taxable income for the calendar year.

The Funds are subject to accounting standards that establish a minimum threshold for recognizing, and a system for measuring, the benefits of a tax position taken or expected to be taken in a tax return. For EKG and ARVR, the taxable years ended 2022, 2023, 2024 and 2025 remain open to federal and state audit. For FAI and RCTR, the taxable period ended 2025 remains open to federal and state audit. As of September 30, 2025, management has evaluated the application of these standards to the Funds and has determined that no provision for income tax is required in the Funds' financial statements for uncertain tax positions.

Each Fund intends to utilize provisions of the federal income tax laws, which allow it to carry a realized capital loss forward indefinitely following the year of the loss and offset such loss against any future realized capital gains. Each Fund is subject to certain limitations under U.S. tax rules on the use of capital loss carryforwards and net unrealized built-in losses. These limitations apply when there has been a 50% change in ownership. At September 30, 2025, for federal income tax purposes, each applicable Fund had a capital loss carryforward available that is shown in the following table, to the extent provided by regulations, to offset future capital

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

gains. To the extent that these loss carryforwards are used to offset future capital gains, it is probable that the capital gains so offset will not be distributed to each applicable Fund's shareholders.

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

---

| | |
|:---|:---|
|  | Non-Expiring <br>Capital Loss <br>Carryforwards<br>|
| First Trust Nasdaq Lux Digital Health Solutions ETF | $199446 |
| First Trust Indxx Metaverse ETF | 92792 |
| First Trust Bloomberg Artificial Intelligence ETF | 5026 |
| First Trust Bloomberg Nuclear Power ETF |  |

---

During the taxable period ended September 30, 2025, the following Fund utilized capital loss carryforwards in the following amount:

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

---

| | |
|:---|:---|
|  | Capital <br>Loss <br>Utilized<br>|
| First Trust Indxx Metaverse ETF | $14027 |

---

Certain losses realized during the current fiscal year may be deferred and treated as occurring on the first day of the following fiscal year for federal income tax purposes. For the fiscal period ended September 30, 2025, the following Funds incurred and elected to defer net late year ordinary or capital losses as follows:

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

---

| | | |
|:---|:---|:---|
|  | Qualified Late Year Losses | Qualified Late Year Losses |
|  | Ordinary Losses | Capital Losses |
| First Trust Nasdaq Lux Digital Health Solutions ETF | $9252 | &nbsp;&nbsp; $— |
| First Trust Bloomberg Artificial Intelligence ETF | 20336 | &nbsp;&nbsp; — |

---

In order to present paid-in capital and accumulated distributable earnings (loss) (which consists of accumulated net investment income (loss), accumulated net realized gain (loss) on investments and net unrealized appreciation (depreciation) on investments) on the Statements of Assets and Liabilities that more closely represent their tax character, certain adjustments have been made to paid-in capital, accumulated net investment income (loss) and accumulated net realized gain (loss) on investments. These adjustments are primarily due to the difference between book and tax treatments of income and gains on various investment securities held by the Funds and in-kind transactions. The results of operations and net assets were not affected by these adjustments. For the fiscal period ended September 30, 2025, the adjustments for each Fund were as follows:

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

---

| | | | |
|:---|:---|:---|:---|
|  | Accumulated <br>Net Investment <br>Income (Loss)<br>| Accumulated <br>Net Realized <br>Gain (Loss) <br>on Investments<br>| Paid-In <br>Capital<br>|
| First Trust Nasdaq Lux Digital Health Solutions ETF | $11800 | &nbsp;&nbsp; $(234831)<br>| &nbsp;&nbsp; $223031 |
| First Trust Indxx Metaverse ETF | 25736 | &nbsp;&nbsp; (283050)<br>| &nbsp;&nbsp; 257314 |
| First Trust Bloomberg Artificial Intelligence ETF | (1815)<br>| &nbsp;&nbsp; (725104)<br>| &nbsp;&nbsp; 726919 |
| First Trust Bloomberg Nuclear Power ETF | 248 | &nbsp;&nbsp; (248)<br>| &nbsp;&nbsp; — |

---

As of September 30, 2025, the aggregate cost, gross unrealized appreciation, gross unrealized depreciation, and net unrealized appreciation/(depreciation) on investments (including short positions and derivatives, if any) for federal income tax purposes were as follows:

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Tax Cost | Gross <br> Unrealized <br>Appreciation<br>| Gross <br> Unrealized <br>(Depreciation)<br>| Net Unrealized <br>Appreciation <br>(Depreciation)<br>|
| First Trust Nasdaq Lux Digital Health Solutions ETF | $2675458 | &nbsp;&nbsp; $409843 | &nbsp;&nbsp; $(473659)<br>| &nbsp;&nbsp; $(63816)<br>|
| First Trust Indxx Metaverse ETF | 2154607 | &nbsp;&nbsp; 487738 | &nbsp;&nbsp; (122248)<br>| &nbsp;&nbsp; 365490 |
| First Trust Bloomberg Artificial Intelligence ETF | 22736192 | &nbsp;&nbsp; 3299632 | &nbsp;&nbsp; (462083)<br>| &nbsp;&nbsp; 2837549 |
| First Trust Bloomberg Nuclear Power ETF | 4648679 | &nbsp;&nbsp; 324449 | &nbsp;&nbsp; (94228)<br>| &nbsp;&nbsp; 230221 |

---

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

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

**F. Expenses**

Expenses, other than the investment advisory fee and other excluded expenses, are paid by the Advisor (see Note 3).

**G. Segment Reporting**

Each Fund has adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures. Adoption of the standard impacted financial statement disclosures only and did not affect each Fund's financial position or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The CODM is the President and Chief Executive Officer of each Fund. Each Fund operates as a single operating segment. Each Fund's income, expenses, assets, changes in net assets resulting from operations and performance are regularly monitored and assessed as a whole by the CODM responsible for oversight functions of each Fund, using the information presented in the financial statements and financial highlights.

**3. Investment Advisory Fee, Affiliated Transactions and Other Fee Arrangements**

First Trust, the investment advisor to the Funds, is a limited partnership with one limited partner, Grace Partners of DuPage L.P., and one general partner, The Charger Corporation. The Charger Corporation is an Illinois corporation controlled by James A. Bowen, Chief Executive Officer of First Trust. First Trust is responsible for the selection and ongoing monitoring of the securities in each Fund's portfolio, managing the Funds' business affairs and providing certain administrative services necessary for the management of the Funds.

Pursuant to the Investment Management Agreement between the Trust and the Advisor, First Trust manages the investment of each Fund's assets and is responsible for the expenses of each Fund, including the cost of transfer agency, custody, fund administration, legal, audit, license fees and other services, but excluding fee payments under the Investment Management Agreement, interest, taxes, if any, brokerage commissions and other expenses connected with the execution of portfolio transactions, distribution and service fees payable pursuant to a Rule 12b-1 plan, if any, acquired fund fees and expenses, and extraordinary expenses, which are paid by each respective Fund. The annual unitary management fee payable by each Fund to First Trust for these services will be reduced at certain levels of each Fund's net assets ("breakpoints") and calculated pursuant to the following schedule:

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| Breakpoints | EKG | ARVR | FAI | RCTR |
| Fund net assets up to and including $2.5 billion | 0.65000<br> %<br>| 0.7000<br> %<br>| 0.65000<br> %<br>| 0.7000<br> %<br>|
| Fund net assets greater than $2.5 billion up to and including $5 billion | 0.63375<br> %<br>| 0.6825<br> %<br>| 0.63375<br> %<br>| 0.6825<br> %<br>|
| Fund net assets greater than $5 billion up to and including $7.5 billion | 0.61750<br> %<br>| 0.6650<br> %<br>| 0.61750<br> %<br>| 0.6650<br> %<br>|
| Fund net assets greater than $7.5 billion up to and including $10 billion | 0.60125<br> %<br>| 0.6475<br> %<br>| 0.60125<br> %<br>| 0.6475<br> %<br>|
| Fund net assets greater than $10 billion | 0.58500<br> %<br>| 0.6300<br> %<br>| 0.58500<br> %<br>| 0.6300<br> %<br>|

---

The Trust has multiple service agreements with The Bank of New York Mellon ("BNY"). Under the service agreements, BNY performs custodial, fund accounting, certain administrative services, and transfer agency services for each Fund. As custodian, BNY is responsible for custody of each Fund's assets. As fund accountant and administrator, BNY is responsible for maintaining the books and records of each Fund's securities and cash. As transfer agent, BNY is responsible for maintaining shareholder records for each Fund. BNY is a subsidiary of The Bank of New York Mellon Corporation, a financial holding company.

Each Trustee who is not an officer or employee of First Trust, any sub-advisor or any of their affiliates ("Independent Trustees") is paid a fixed annual retainer that is allocated equally among each fund in the First Trust Fund Complex. Each Independent Trustee is also paid an annual per fund fee that varies based on whether the fund is a closed-end or other actively managed fund, a target outcome fund or an index fund.

Additionally, the Chairs of the Audit Committee, Nominating and Governance Committee and Valuation Committee, the Vice Chair of the Audit Committee, the Lead Independent Trustee and the Vice Lead Independent Trustee are paid annual fees to serve in such capacities, with such compensation allocated pro rata among each fund in the First Trust Fund Complex based on net assets. Independent Trustees are reimbursed for travel and out-of-pocket expenses in connection with all meetings. The Committee Chairs, the Audit Committee Vice Chair, the Lead Independent Trustee and the Vice Lead Independent Trustee rotate periodically in serving in such capacities. The officers and "Interested" Trustee receive no compensation from the Trust for acting in such capacities.

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

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

**4. Purchases and Sales of Securities** 

For the period ended September 30, 2025, the cost of purchases and proceeds from sales of investments for each Fund, excluding short-term investments and in-kind transactions, were as follows:

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

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| First Trust Nasdaq Lux Digital Health Solutions ETF | $346020 | &nbsp;&nbsp; $361202 |
| First Trust Indxx Metaverse ETF | 1999072 | &nbsp;&nbsp; 1596633 |
| First Trust Bloomberg Artificial Intelligence ETF | 2505770 | &nbsp;&nbsp; 1011201 |
| First Trust Bloomberg Nuclear Power ETF | 593014 | &nbsp;&nbsp; — |

---

For the period ended September 30, 2025, the cost of in-kind purchases and proceeds from in-kind sales for each Fund were as follows:

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

---

| | | |
|:---|:---|:---|
|  | Purchases | Sales |
| First Trust Nasdaq Lux Digital Health Solutions ETF | $845040 | &nbsp;&nbsp; $870241 |
| First Trust Indxx Metaverse ETF | 3204244 | &nbsp;&nbsp; 5551230 |
| First Trust Bloomberg Artificial Intelligence ETF | 23900358 | &nbsp;&nbsp; 3381228 |
| First Trust Bloomberg Nuclear Power ETF | 4035790 | &nbsp;&nbsp; — |

---

**5. Creations, Redemptions and Transaction Fees**

Each Fund generally issues and redeems its shares in primary market transactions through a creation and redemption mechanism and does not sell or redeem individual shares. Instead, financial entities known as "Authorized Participants" have contractual arrangements with a Fund or one of the Fund's service providers to purchase and redeem Fund shares directly with the Fund in Creation Units. Prior to the start of trading on every business day, a Fund publishes through the National Securities Clearing Corporation the "basket" of securities, cash or other assets that it will accept in exchange for a Creation Unit of the Fund's shares. An Authorized Participant that wishes to effectuate a creation of a Fund's shares deposits with the Fund the "basket" of securities, cash or other assets identified by the Fund that day, and then receives the Creation Unit of the Fund's shares in return for those assets. After purchasing a Creation Unit, the Authorized Participant may continue to hold the Fund's shares or sell them in the secondary market. The redemption process is the reverse of the purchase process: the Authorized Participant redeems a Creation Unit of a Fund's shares for a basket of securities, cash or other assets. The combination of the creation and redemption process with secondary market trading in a Fund's shares and underlying securities provides arbitrage opportunities that are designed to help keep the market price of a Fund's shares at or close to the NAV per share of the Fund.

Each Fund imposes fees in connection with the purchase of Creation Units. These fees may vary based upon various fact-based circumstances, including, but not limited to, the composition of the securities included in the Creation Unit or the countries in which the transactions are settled. The price for each Creation Unit will equal the daily NAV per share of a Fund times the number of shares in a Creation Unit, plus the fees described above and, if applicable, any operational processing and brokerage costs, transfer fees, stamp taxes and part or all of the spread between the expected bid and offer side of the market related to the securities comprising the creation basket.

Each Fund also imposes fees in connection with the redemption of Creation Units. These fees may vary based upon various fact-based circumstances, including, but not limited to, the composition of the securities included in the Creation Unit or the countries in which the transactions are settled. The price received for each Creation Unit will equal the daily NAV per share of a Fund times the number of shares in a Creation Unit, minus the fees described above and, if applicable, any operational processing and brokerage costs, transfer fees, stamp taxes and part or all of the spread between the expected bid and offer side of the market related to the securities comprising the redemption basket. Investors who use the services of a broker or other such intermediary in addition to an Authorized Participant to effect a redemption of a Creation Unit may also be assessed an amount to cover the cost of such services. The redemption fee charged by a Fund will comply with Rule 22c-2 of the 1940 Act which limits redemption fees to no more than 2% of the value of the shares redeemed.

**6. Distribution Plan** 

The Board of Trustees adopted a Distribution and Service Plan pursuant to Rule 12b-1 under the 1940 Act. In accordance with the Rule 12b-1 plan, the Funds are authorized to pay an amount up to 0.25% of their average daily net assets each year to reimburse First Trust Portfolios L.P. ("FTP"), the distributor of the Funds, for amounts expended to finance activities primarily intended to result in

------

**Notes to Financial Statements (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025**

the sale of Creation Units or the provision of investor services. FTP may also use this amount to compensate securities dealers or other persons that are Authorized Participants for providing distribution assistance, including broker-dealer and shareholder support and educational and promotional services.

No 12b-1 fees are currently paid by the Funds, and pursuant to a contractual arrangement, no 12b-1 fees will be paid any time before October 25, 2026 for FAI, January 31, 2027 for ARVR and EKG, and July 15, 2027 for RCTR.

**7. Indemnification**

The Trust, on behalf of the Funds, has a variety of indemnification obligations under contracts with its service providers. The Trust's maximum exposure under these arrangements is unknown. However, the Trust has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

**8. Subsequent Events**

Management has evaluated the impact of all subsequent events on the Funds through the date the financial statements were issued and has determined that there were no subsequent events requiring recognition or disclosure in the financial statements that have not already been disclosed.

------

**Report of Independent Registered Public Accounting Firm**

**To the Shareholders and the Board of Trustees of First Trust Exchange-Traded Fund II:**

**Opinion on the Financial Statements and Financial Highlights**

We have audited the accompanying statements of assets and liabilities, including the portfolios of investments, of First Trust Nasdaq Lux Digital Health Solutions ETF, First Trust Indxx Metaverse ETF, First Trust Bloomberg Artificial Intelligence ETF, and First Trust Bloomberg Nuclear Power ETF (the "Funds"), each a series of the First Trust Exchange-Traded Fund II, as of September 30, 2025, the related statements of operations, statements of changes in net assets, and financial highlights for the periods indicated in the table below; and the related notes (collectively referred to as the "financial statements and financial highlights"). In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Funds as of September 30, 2025, and the results of their operations, the changes in their net assets, and the financial highlights for the periods listed in the table below, in conformity with accounting principles generally accepted in the United States of America.

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

---

| | | | |
|:---|:---|:---|:---|
| **Individual Funds Included** <br>**in the Trust**<br>| **Statements of** <br>**Operations**<br>| **Statements of Changes** <br>**in Net Assets**<br>| **Financial Highlights** |
| First Trust Nasdaq Lux Digital Health <br> Solutions ETF<br>| For the year ended <br> September 30, 2025 | For the years ended <br> September 30, 2025, and <br> 2024 | For the years ended September 30, <br> 2025, 2024, and 2023, and for the <br> period from March 22, 2022 <br> (commencement of investment <br> operations) through September 30, <br> 2022<br>|
| First Trust Indxx Metaverse ETF | For the year ended <br> September 30, 2025 | For the years ended <br> September 30, 2025, and <br> 2024 | For the years ended September 30, <br> 2025, 2024, and 2023, and for the <br> period from April 19, 2022 <br> (commencement of investment <br> operations) through September 30, <br> 2022<br>|
| First Trust Bloomberg Artificial <br> Intelligence ETF<br>| For the period from November 20, 2024 (commencement of investment operations) <br> through September 30, 2025 | For the period from November 20, 2024 (commencement of investment operations) <br> through September 30, 2025 | For the period from November 20, 2024 (commencement of investment operations) <br> through September 30, 2025 |
| First Trust Bloomberg Nuclear Power ETF | For the period from July 30, 2025 (commencement of investment operations) through <br> September 30, 2025 | For the period from July 30, 2025 (commencement of investment operations) through <br> September 30, 2025 | For the period from July 30, 2025 (commencement of investment operations) through <br> September 30, 2025 |

---

**Basis for Opinion**

These financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Funds are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of September 30, 2025, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche, LLP

Chicago, Illinois

November 19, 2025

We have served as the auditor of one or more First Trust investment companies since 2001.

------

**Other Information**

**First Trust Exchange-Traded Fund II**

**September 30, 2025 (Unaudited)**

**Changes in and Disagreements with Accountants (Item 8 of Form N-CSR)**

There were no changes in or disagreements with the Funds' accountants during the fiscal period ended September 30, 2025.

**Proxy Disclosures (Item 9 of Form N-CSR)**

At a special meeting of shareholders of First Trust Exchange-Traded Fund II (the "Trust") that was held on August 12, 2025 (the "Special Meeting"), shareholders of record as of June 9, 2025 (the "Record Date") approved a proposal (the "Proposal") to elect or re-elect, as applicable, each of the eight nominees listed below to the Board of Trustees of the Trust (the "Board"). Shareholders of each series of the Trust that had publicly offered shares as of the Record Date (each, a "fund") voted together with shareholders of the other funds on the Proposal, and the results are set forth below. There were no broker non-votes.

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

---

| | |
|:---|:---|
| James A. Bowen\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183255235 <br>2032763<br>|
| Thomas J. Driscoll\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183447939 <br>1840059<br>|
| Richard E. Erickson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183115156 <br>2172842<br>|
| Thomas R. Kadlec\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182950349 <br>2337649<br>|
| Denise M. Keefe\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183413269 <br>1874729<br>|
| Robert F. Keith\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183207787 <br>2080211<br>|
| Niel B. Nielson\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183162299 <br>2125699<br>|
| Bronwyn Wright\*\*\* <br>Votes For <br>Votes Withheld<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93673484 <br>91614514<br>|

---

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

\* This nominee was re-elected to the Board at the Special Meeting.

\*\* This nominee was elected to the Board as a new Trustee at the Special Meeting.

\*\*\* This nominee was elected to the Board at the Special Meeting and had previously been appointed to the Board.

**Remuneration Paid to Directors, Officers, and Others (Item 10 of Form N-CSR)**

Independent Trustees and any member of any advisory board of each Fund are compensated through the unitary management fee paid by each Fund to the advisor and not directly by each Fund. The investment advisory fee paid is included in the Statements of Operations.

**Statement Regarding the Basis for the Board's Approval of Investment Advisory Contract (Item 11 of Form N-CSR)**

The Board of Trustees of First Trust Exchange-Traded Fund II (the "Trust"), including the Independent Trustees, unanimously approved the continuation of the Investment Management Agreement (the "Agreement") with First Trust Advisors L.P. (the "Advisor") on behalf of the following series of the Trust (each a "Fund" and collectively, the "Funds"):

First Trust Indxx Metaverse ETF (ARVR)

First Trust Nasdaq Lux Digital Health Solutions ETF (EKG)

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025 (Unaudited)**

The Board approved the continuation of the Agreement for each Fund for a one-year period ending June 30, 2026 at a meeting held on June 8–9, 2025. The Board determined for each Fund that the continuation of the Agreement is in the best interests of the Fund in light of the nature, extent and quality of the services provided and such other matters as the Board considered to be relevant in the exercise of its business judgment.

To reach this determination for each Fund, the Board considered its duties under the Investment Company Act of 1940, as amended (the "1940 Act"), as well as under the general principles of state law, in reviewing and approving advisory contracts; the requirements of the 1940 Act in such matters; the fiduciary duty of investment advisors with respect to advisory agreements and compensation; the standards used by courts in determining whether investment company boards have fulfilled their duties; and the factors to be considered by the Board in voting on such agreements. At meetings held on April 22, 2025 and June 8–9, 2025, the Board, including the Independent Trustees, reviewed materials provided by the Advisor responding to requests for information from counsel to the Independent Trustees, submitted on behalf of the Independent Trustees, that, among other things, outlined: the services provided by the Advisor to each Fund (including the relevant personnel responsible for these services and their experience); the unitary fee rate schedule payable by each Fund as compared to fees charged to a peer group of funds (the "Expense Group") and a broad peer universe of funds (the "Expense Universe"), each assembled by Broadridge Financial Solutions, Inc. ("Broadridge"), an independent source, and as compared to fees charged to other clients of the Advisor, including other exchange-traded funds ("ETFs") managed by the Advisor; the expense ratio of each Fund as compared to expense ratios of the funds in the Fund's Expense Group and Expense Universe; performance information for each Fund, including, as applicable, comparisons of each Fund's performance to that of one more relevant benchmark indexes and to that of a performance group of funds and a broad performance universe of funds (the "Performance Universe"), each assembled by Broadridge; the nature of expenses incurred in providing services to each Fund and the potential for the Advisor to realize economies of scale, if any; profitability and other financial data for the Advisor; any indirect benefits to the Advisor and its affiliate, First Trust Portfolios L.P. ("FTP"); and information on the Advisor's compliance program. The Board reviewed initial materials with the Advisor at the meeting held on April 22, 2025, prior to which the Independent Trustees and their counsel met separately to discuss the information provided by the Advisor. Following the April meeting, counsel to the Independent Trustees, on behalf of the Independent Trustees, requested certain clarifications and supplements to the materials provided, and the information provided in response to those requests was considered at an executive session of the Independent Trustees and their counsel held prior to the June 8–9, 2025 meeting, as well as at the June meeting. The Board applied its business judgment to determine whether the arrangement between the Trust and the Advisor continues to be a reasonable business arrangement from each Fund's perspective. The Board determined that, given the totality of the information provided with respect to the Agreement, the Board had received sufficient information to renew the Agreement. The Board considered that shareholders chose to invest or remain invested in a Fund knowing that the Advisor manages the Fund and knowing the Fund's unitary fee.

In reviewing the Agreement for each Fund, the Board considered the nature, extent and quality of the services provided by the Advisor under the Agreement. The Board considered that the Advisor is responsible for the overall management and administration of the Trust and each Fund and reviewed all of the services provided by the Advisor to the Funds, as well as the background and experience of the persons responsible for such services. In reviewing the services provided, the Board noted the compliance program that had been developed by the Advisor and considered that it includes a robust program for monitoring the Advisor's and each Fund's compliance with the 1940 Act, as well as each Fund's compliance with its investment objective, policies and restrictions. The Board also considered a report from the Advisor with respect to its risk management functions related to the operation of the Funds. Finally, as part of the Board's consideration of the Advisor's services, the Advisor, in its written materials and at the April 22, 2025 meeting, described to the Board the scope of its ongoing investment in additional personnel and infrastructure to maintain and improve the quality of services provided to the Funds and the other funds in the First Trust Fund Complex. In light of the information presented and the considerations made, the Board concluded that the nature, extent and quality of the services provided to the Trust and each Fund by the Advisor under the Agreement have been and are expected to remain satisfactory and that the Advisor has managed each Fund consistent with its investment objective, policies and restrictions.

The Board considered the unitary fee rate schedule payable by each Fund under the Agreement for the services provided. The Board considered that as part of the unitary fee the Advisor is responsible for each Fund's expenses, including the cost of transfer agency, custody, fund administration, legal, audit and other services and license fees, if any, but excluding the fee payment under the Agreement and interest, taxes, brokerage commissions and other expenses connected with the execution of portfolio transactions, distribution and service fees pursuant to a Rule 12b-1 plan, if any, and extraordinary expenses, if any. The Board received and reviewed information showing the fee rates and expense ratios of the peer funds in the Expense Groups, as well as advisory and unitary fee rates charged by the Advisor to other fund (including ETFs) and non-fund clients, as applicable. Because each Fund pays a unitary fee, the Board determined that expense ratios were the most relevant comparative data point. Based on the information provided, the Board noted that the total (net) expense ratio for each Fund was above the median total (net) expense ratio of the peer

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025 (Unaudited)**

funds in its respective Expense Group. With respect to the Expense Groups, the Board discussed with the Advisor limitations in creating peer groups for index ETFs, including differences in underlying indexes and index-tracking methodologies that can result in greater management complexities across seemingly comparable ETFs, and different business models that may affect the pricing of services among ETF sponsors. The Board took these limitations and differences into account in considering the peer data. With respect to fees charged to other non-ETF clients, the Board considered differences between the Funds and other non-ETF clients that limited their comparability. In considering the unitary fee rate schedules overall, the Board also considered the Advisor's statement that it seeks to meet investor needs through innovative and value-added investment solutions and the Advisor's demonstrated long-term commitment to each Fund and the other funds in the First Trust Fund Complex.

The Board considered performance information for each Fund. The Board noted the process it has established for monitoring each Fund's performance and portfolio risk on an ongoing basis, which includes quarterly performance reporting from the Advisor for the Funds. The Board determined that this process continues to be effective for reviewing each Fund's performance. For each Fund, the Board received and reviewed, as applicable, information for the one-year period ended December 31, 2024 regarding the performance of each Fund's underlying index, the correlation between each Fund's performance and that of its underlying index, each Fund's tracking difference and each Fund's excess return as compared to its benchmark index. Based on the information provided and its ongoing review of performance, the Board concluded that each applicable Fund was correlated to its underlying index and that the tracking difference for each Fund was within a reasonable range. In addition, the Board reviewed data prepared by Broadridge comparing each applicable Fund's performance to that of its respective Performance Universe and to that of a benchmark index. However, given each applicable Fund's objective of seeking investment results that correspond generally to the performance of its underlying index, the Board placed more emphasis on its review of correlation and tracking difference.

On the basis of all the information provided on the unitary fee and performance, as applicable, of each Fund and the ongoing oversight by the Board, the Board concluded that the unitary fee for each Fund continues to be reasonable and appropriate in light of the nature, extent and quality of the services provided by the Advisor to each Fund under the Agreement.

The Board considered information and discussed with the Advisor whether there were any economies of scale in connection with providing advisory services to the Funds at current asset levels and whether the Funds may benefit from any economies of scale. The Board noted that the unitary fee rate schedule for each Fund includes breakpoints pursuant to which the unitary fee rate will be reduced as assets of the Fund meet certain thresholds. The Board considered the Advisor's statement that it believes that its expenses relating to providing advisory services to the Funds will increase during the next twelve months as the Advisor continues to build infrastructure and add new staff. The Board also noted that under the unitary fee structure, any reduction in expenses associated with the management and operations of the Funds would benefit the Advisor, but that the unitary fee structure provides a level of certainty in expenses for shareholders of the Funds. The Board concluded that the unitary fee rate schedule for each Fund reflects an appropriate level of sharing of any economies of scale that may be realized in the management of the Fund at current asset levels. The Board considered the revenues and allocated costs (including the allocation methodology) of the Advisor in serving as investment advisor to each Fund for the twelve months ended December 31, 2024 and the estimated profitability level for each Fund calculated by the Advisor based on such data, as well as complex-wide and product-line profitability data, for the same period. The Board noted the inherent limitations in the profitability analysis and concluded that, based on the information provided, the Advisor's profitability level for each Fund was not unreasonable. In addition, the Board considered indirect benefits described by the Advisor that may be realized from its relationship with the Funds. The Board considered that the Advisor had identified as an indirect benefit to the Advisor and FTP their exposure to investors and brokers who, absent their exposure to the Funds, may have had no dealings with the Advisor or FTP, and noted that the Advisor does not utilize soft dollars in connection with the Funds. The Board concluded that the character and amount of potential indirect benefits to the Advisor were not unreasonable.

Based on all of the information considered and the conclusions reached, the Board, including the Independent Trustees, unanimously determined that the terms of the Agreement continue to be fair and reasonable and that the continuation of the Agreement is in the best interests of each Fund. No single factor was determinative in the Board's analysis.

The Board of Trustees of First Trust Exchange-Traded Fund II (the "Trust"), including the Independent Trustees, approved the Investment Management Agreement (the "Agreement") with First Trust Advisors L.P. (the "Advisor"), on behalf of First Trust Bloomberg Nuclear Power ETF (the "Fund"), for an initial two-year term at a meeting held on June 9, 2025. The Board determined that the Agreement is in the best interests of the Fund in light of the nature, extent and quality of the services expected to be provided and such other matters as the Board considered to be relevant in the exercise of its business judgment.

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025 (Unaudited)**

To reach this determination, the Board considered its duties under the Investment Company Act of 1940, as amended (the "1940 Act"), as well as under the general principles of state law, in reviewing and approving advisory contracts; the requirements of the 1940 Act in such matters; the fiduciary duty of investment advisors with respect to advisory agreements and compensation; the standards used by courts in determining whether investment company boards have fulfilled their duties; and the factors to be considered by the Board in voting on such agreements. To assist the Board in its evaluation of the Agreement for the Fund, the Independent Trustees received a report from the Advisor in advance of the Board meeting responding to a request for information from counsel to the Independent Trustees, submitted on behalf of the Independent Trustees, that, among other things, outlined: the services to be provided by the Advisor to the Fund (including the relevant personnel responsible for these services and their experience); the proposed unitary fee rate schedule payable by the Fund as compared to fees charged to a peer group of funds (the "Expense Group") and a broad peer universe of funds (the "Expense Universe"), each assembled by Broadridge Financial Solutions, Inc. ("Broadridge"), an independent source, and as compared to fees charged to other exchange-traded funds ("ETFs") managed by the Advisor; the estimated expense ratio of the Fund as compared to expense ratios of the funds in the Fund's Expense Group and Expense Universe; the nature of expenses to be incurred in providing services to the Fund and the potential for the Advisor to realize economies of scale, if any; profitability and other financial data for the Advisor; any indirect benefits to the Advisor and its affiliate, First Trust Portfolios L.P. ("FTP"); and information on the Advisor's compliance program. The Independent Trustees and their counsel also met separately to discuss the information provided by the Advisor. The Board applied its business judgment to determine whether the arrangement between the Trust and the Advisor is a reasonable business arrangement from the Fund's perspective.

In evaluating whether to approve the Agreement for the Fund, the Board considered the nature, extent and quality of the services to be provided by the Advisor under the Agreement and considered that employees of the Advisor provide management services to other ETFs and to other funds in the First Trust Fund Complex with diligence and care. The Board considered that the Advisor will be responsible for the overall management and administration of the Fund and reviewed all of the services to be provided by the Advisor to the Fund. The Board also considered the background and experience of the persons who will be responsible for the day-to-day management of the Fund's investments. In reviewing the services to be provided, the Board noted the compliance program that had been developed by the Advisor and considered that it includes a robust program for monitoring the Advisor's and the Fund's compliance with the 1940 Act, as well as the Fund's compliance with its investment objective, policies and restrictions. Because the Fund had yet to commence investment operations, the Board could not consider the historical investment performance of the Fund. Because the Fund is an index ETF that is designed to track the performance of an underlying index, the Board considered reports it receives on a quarterly basis showing the correlation and tracking error between other ETFs for which the Advisor serves as investment advisor and their applicable underlying indexes. In light of the information presented and the considerations made, the Board concluded that the nature, extent and quality of the services to be provided to the Fund by the Advisor under the Agreement are expected to be satisfactory.

The Board considered the proposed unitary fee rate schedule payable by the Fund under the Agreement for the services to be provided. The Board noted that, under the unitary fee arrangement, the Fund would pay the Advisor a unitary fee starting at an annual rate of 0.70% of its average daily net assets, subject to a breakpoint schedule pursuant to which the unitary fee rate would be reduced as assets of the Fund meet certain thresholds. The Board noted that the Advisor would be responsible for the Fund's expenses, including the cost of transfer agency, custody, fund administration, legal, audit and other services and license fees, if any, but excluding the fee payment under the Agreement and interest, taxes, acquired fund fees and expenses, if any, brokerage commissions and other expenses connected with the execution of portfolio transactions (such as dividend and distribution expenses from securities sold short and/or other investment-related costs), distribution and service fees pursuant to a Rule 12b-1 plan, if any, and extraordinary expenses, if any. The Board received and reviewed information showing the fee rates and expense ratios of the peer funds in the Expense Group, as well as advisory and unitary fee rates charged by the Advisor to other ETFs. Because the Fund will pay a unitary fee, the Board determined that expense ratios were the most relevant comparative data point. Based on the information provided, the Board noted that the total (net) expense ratio for the Fund was equal to the median total (net) expense ratio of the peer funds in the Expense Group. With respect to the Expense Group, the Board discussed with representatives of the Advisor how the Expense Group was assembled and how the Fund compared and differed from the peer funds. The Board took this information into account in considering the peer data. With respect to fees charged to other ETFs managed by Advisor, the Board considered the Advisor's statement that the Fund will be unique to the First Trust product line but will be most similar to two other global thematic strategies, each of which has a unitary fee rate schedule starting at an annual rate of 0.70% of its average daily net assets. In light of the information considered and the nature, extent and quality of the services expected to be provided to the Fund under the Agreement, the Board determined that the proposed unitary fee was fair and reasonable.

The Board considered whether there are any potential economies of scale to be achieved in connection with the Advisor providing investment advisory services to the Fund and whether the Fund may benefit from any economies of scale. The Board noted that the

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025 (Unaudited)**

proposed unitary fee rate schedule for the Fund includes breakpoints pursuant to which the unitary fee rate would be reduced as assets of the Fund meet certain thresholds. The Board considered that the Advisor has continued to build infrastructure and add new staff to improve the services to the funds in the First Trust Fund Complex. The Board also noted that under the unitary fee structure, any reduction in expenses associated with the management and operations of the Fund generally would benefit the Advisor, but that the unitary fee structure provides a level of certainty in expenses for shareholders of the Fund. The Board concluded that the proposed unitary fee rate schedule for the Fund reflects an appropriate level of sharing of any economies of scale that may be realized in the management of the Fund at reasonably foreseeable future asset levels. The Board took into consideration the types of costs to be borne by the Advisor in connection with its services to be performed for the Fund under the Agreement. The Board considered the Advisor's estimate of the asset level for the Fund at which the Advisor expects the Agreement to be profitable to the Advisor and the Advisor's estimate of the profitability of the Agreement if the Fund's assets reach $100 million. The Board noted the inherent limitations in the profitability analysis and concluded that, based on the information provided, the Advisor's estimated profitability level for the Fund was not unreasonable. In addition, the Board considered indirect benefits described by the Advisor that may be realized from its relationship with the Fund. The Board considered that the Advisor had identified as an indirect benefit to the Advisor and FTP their exposure to investors and brokers who, absent their exposure to the Fund, may have had no dealings with the Advisor or FTP, and noted that the Advisor will not utilize soft dollars in connection with the Fund. The Board concluded that the character and amount of potential indirect benefits to the Advisor were not unreasonable.

Based on all of the information considered and the conclusions reached, the Board, including the Independent Trustees, determined that the terms of the Agreement are fair and reasonable and that the approval of the Agreement is in the best interests of the Fund. No single factor was determinative in the Board's analysis.

**Federal Tax Information**

For the taxable period ended September 30, 2025, the following percentages of income dividends paid by the Funds qualify for the dividends received deduction available to corporations:

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

---

| | |
|:---|:---|
|  | Dividends Received <br>Deduction<br>|
| First Trust Nasdaq Lux Digital Health Solutions ETF | 0.00<br> %<br>|
| First Trust Indxx Metaverse ETF | 40.95<br> %<br>|
| First Trust Bloomberg Artificial Intelligence ETF | 100.00<br> %<br>|
| First Trust Bloomberg Nuclear Power ETF | 13.61<br> %<br>|

---

For the taxable period ended September 30, 2025, the following percentages of income dividends paid by the Funds are hereby designated as qualified dividend income:

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

---

| | |
|:---|:---|
|  | Qualified Dividend <br>Income<br>|
| First Trust Nasdaq Lux Digital Health Solutions ETF | 0.00<br> %<br>|
| First Trust Indxx Metaverse ETF | 65.19<br> %<br>|
| First Trust Bloomberg Artificial Intelligence ETF | 100.00<br> %<br>|
| First Trust Bloomberg Nuclear Power ETF | 19.62<br> %<br>|

---

The following Fund meets the requirements of Section 853 of the Internal Revenue Code of 1986, as amended, and elects to pass through to its shareholders credit for foreign taxes paid. For the taxable period ended September 30, 2025, the total amounts of income received by the Fund from sources within foreign countries and possessions of the United States and of taxes paid to such countries are as follows:

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Gross Foreign Income | Gross Foreign Income | Foreign Taxes Paid | Foreign Taxes Paid |
|  | Amount | Per Share | Amount | Per Share |
| First Trust Bloomberg Nuclear Power ETF | $8644 | &nbsp;&nbsp;&nbsp; $0.06 | &nbsp;&nbsp;&nbsp; $316 | &nbsp;&nbsp;&nbsp; $0.00<br> \*<br>|
| \* Amount is less than $0.01. |  |  |  |  |

---

------

**Other Information (Continued)**

**First Trust Exchange-Traded Fund II**

**September 30, 2025 (Unaudited)**

**Disclaimers**

**First Trust Nasdaq Lux Digital Health Solutions ETF**

Nasdaq<sup>®</sup> and Nasdaq Lux Health Tech<sup>TM</sup> Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the "Corporations") and are licensed for use by First Trust. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

**First Trust Indxx Metaverse ETF**

Indxx and Indxx Metaverse Index ("Index") are trademarks of Indxx, Inc. ("Indxx") and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Indxx and Indxx makes no representation regarding the advisability of trading in such product. The Index is determined, composed and calculated by Indxx without regard to First Trust or the Fund.

**First Trust Bloomberg Artificial Intelligence ETF**

**First Trust Bloomberg Nuclear Power ETF**

"Bloomberg<sup>®</sup>", Bloomberg Artificial Intelligence Index, and Bloomberg Nuclear Power Index referenced 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.

------

(b) The Financial Highlights is included in the Financial Statements and Other Information filed under Item 7(a) of this Form N-CSR.

**Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.**

This information is included in the Financial Statements and Other Information filed under Item 7(a) of this Form N-CSR.

**Item 9. Proxy Disclosures for Open-End Management Investment Companies.**

This information is included in the Financial Statements and Other Information filed under Item 7(a) of this Form N-CSR.

**Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.**

This information is included in the Financial Statements and Other Information filed under Item 7(a) of this Form N-CSR.

**Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.**

This information is included in the Financial Statements and Other Information filed under Item 7(a) of this Form N-CSR.

**Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.**

Not applicable to the Registrant.

**Item 13. Portfolio Managers of Closed-End Management Investment Companies.**

Not applicable to the Registrant.

**Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.**

Not applicable to the Registrant.

**Item 15. Submission of Matters to a Vote of Security Holders.**

There have been no material changes to the procedures by which the shareholders may recommend nominees to the Registrant's board of directors, where those changes were implemented after the Registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.

**Item 16. Controls and Procedures.**

(a) The Registrant's principal executive and principal financial officers,
 or persons performing similar functions, have concluded that the Registrant's disclosure controls and procedures (as defined in
 Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective,
 as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation
 of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under
 the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b) There were no changes in the Registrant's internal control over financial
 reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report
 that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.

**Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.** 

(a) Not applicable to the Registrant.

(b) Not applicable to the Registrant.

**Item 18. Recovery of Erroneously Awarded Compensation.**

(a) Not applicable to the Registrant.

(b) Not applicable to the Registrant.

**Item 19. Exhibits.**

(a)(1) [Code of ethics, or any amendment thereto, that is the subject of disclosure required by Item 2 is attached hereto.](ethics.htm)

(a)(2) Not applicable to the Registrant.

(a)(3) [The certifications required by Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.](certs_302.htm)

(a)(4) Not applicable to the Registrant.

(a)(5) Not applicable to the Registrant.

(b) [Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.](certs_906.htm)

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(registrant) First Trust Exchange-Traded Fund II

---

| | |
|:---|:---|
| By (Signature and Title)\* | &nbsp;&nbsp;&nbsp;/s/ James M. Dykas |
|  | &nbsp;&nbsp;&nbsp;James M. Dykas, President and Chief Executive Officer<br> (principal executive officer) |

---

Date: <u>December 5, 2025</u>

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By (Signature and Title)\* | &nbsp;&nbsp;&nbsp;/s/ James M. Dykas |
|  | &nbsp;&nbsp;&nbsp;James M. Dykas, President and Chief Executive Officer<br> (principal executive officer) |

---

Date: <u>December 5, 2025</u>

---

| | |
|:---|:---|
| By (Signature and Title)\* | &nbsp;&nbsp;&nbsp;/s/ Derek D. Maltbie |
|  | &nbsp;&nbsp;&nbsp;Derek D. Maltbie, Treasurer, Chief Financial Officer <br> and Chief Accounting Officer<br> (principal financial officer) |

---

Date: <u>December 5, 2025</u>

<sup>\*</sup> Print the name and title of each signing officer under his or her signature.

## Ex-99.Code

#### SENIOR FINANCIAL OFFICER<br> CODE OF CONDUCT
I. Introduction

This code of conduct is being adopted by the investment companies advised by First Trust Advisors L.P., from time to time, (the "FUNDS"). The reputation and integrity of the Funds are valuable assets that are vital to the Funds' success. Each officer of the Funds, and officers and employees of the investment adviser to the Funds who work on Fund matters, including each of the Funds' senior financial officers ("SFOS"), is responsible for conducting each Fund's business in a manner that demonstrates a commitment to the highest standards of integrity. SFOs include the Principal Executive Officer (who is the President), the Controller (who is the principal accounting officer), and the Treasurer (who is the principal financial officer), and any person who performs a similar function.

The Funds, First Trust Advisors L.P. and First Trust Portfolios have adopted Codes of Ethics under Rule 17j-1 under the Investment Company Act of 1940 (the "RULE 17J-1 CODE"). These Codes of Ethics are designed to prevent certain conflicts of interest that may arise when officers, employees, or directors of the Funds and the foregoing entities know about present or future Fund transactions and/or have the power to influence those transactions, and engage in transactions with respect to those same securities in their personal account(s) or otherwise take advantage of their position and knowledge with respect to those securities. In an effort to prevent these conflicts and in accordance with Rule 17j-1, the Funds adopted their Rule 17j-1 Code to prohibit transactions and conduct that create conflicts of interest, and to establish compliance procedures.

The Sarbanes-Oxley Act of 2002 was designed to address corporate malfeasance and to help assure investors that the companies in which they invest are accurately and completely disclosing financial information. Under Section 406 of the Act, all public companies (including the Funds) must either have a code of ethics for their SFOs, or disclose why they do not. The Act was intended to prevent future situations (such as occurred in well-reported situations involving such companies as Enron and WorldCom) where a company creates an environment in which employees are afraid to express their opinions or to question unethical and potentially illegal business practices.

The Funds have chosen to adopt a senior financial officer Code of Conduct to encourage their SFOs, and other Fund officers and employees of First Trust Advisors or First Trust Portfolios to act ethically and to question potentially unethical or illegal practices, and to strive to ensure that the Funds' financial disclosures are complete, accurate, and understandable.

II. Purposes of This Code of Conduct

The purposes of this Code are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. To promote honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. To promote full, fair, accurate, timely, and understandable disclosure in reports and documents that the Funds file with, or submits to, the SEC and in other public communications the Funds make;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. To promote compliance with applicable governmental laws, rules and regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. To encourage the prompt internal reporting to an appropriate person of violations of the Code; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. To establish accountability for adherence to the Code.

III. Questions About This Code

The Funds' Boards of Trustees have designated W. Scott Jardine or other appropriate officer designated by the President of the respective Funds to be the Compliance Coordinator for the implementation and administration of the Code.

IV. Handling of Financial Information

The Funds have adopted guidelines under which its SFOs perform their duties. However, the Funds expect that all officers or employees of the adviser or distributor who participate in the preparation of any part of any Fund's financial statements follow these guidelines with respect to each Fund:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Act with honesty and integrity and avoid violations of this Code, including actual or apparent conflicts of interest with the Fund in personal and professional relationships.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Disclose to the Fund's Compliance Coordinator any material transaction or relationship that reasonably could be expected to give rise to any violations of the Code, including actual or apparent conflicts of interest with the Fund. You should disclose these transactions or relationships whether you are involved or have only observed the transaction or relationship. If it is not possible to disclose the matter to the Compliance Coordinator, it should be disclosed to the Fund's Principal Financial Officer or Principal Executive Officer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Provide information to the Fund's other officers and appropriate employees of service providers (adviser, administrator, outside auditor, outside counsel, custodian, etc.) that is accurate, complete, objective, relevant, timely, and understandable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Endeavor to ensure full, fair, timely, accurate, and understandable disclosure in the Fund's periodic reports.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Comply with the federal securities laws and other applicable laws and rules, such as the Internal Revenue Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. Act in good faith, responsibly, and with due care, competence and diligence, without misrepresenting material facts or allowing your independent judgment to be subordinated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. Respect the confidentiality of information acquired in the course of your work except when you have Fund approval to disclose it or where disclosure is otherwise legally mandated. You may not use confidential information acquired in the course of your work for personal advantage.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. Share and maintain skills important and relevant to the Fund's needs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. Proactively promote ethical behavior among peers in your work environment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J. Responsibly use and control all assets and resources employed or entrusted to you.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K. Record or participate in the recording of entries in the Fund's books and records that are accurate to the best of your knowledge.

V. Waivers of This Code

SFOs and other parties subject to this Code may request a waiver of a provision of this Code (or certain provisions of the Fund's Rule 17j-1 Code) by submitting their request in writing to the Compliance Coordinator for appropriate review. An executive officer of the Fund or the Audit Committee will decide whether to grant a waiver. All waivers of this Code must be disclosed to the Fund's shareholders to the extent required by SEC rules. A good faith interpretation of the provisions of this Code, however, shall not constitute a waiver.

VI. Annual Certification

Each SFO will be asked to certify on an annual basis that he/she is in full compliance with the Code and any related policy statements.

VII. Reporting Suspected Violations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. SFOs or other officers of the Funds or employees of the First Trust group who work on Fund matters who observe, learn of, or, in good faith, suspect a violation of the Code MUST immediately report the violation to the Compliance Coordinator, another member of the Funds' or First Trust's senior management, or to the Audit Committee of the Fund Board. An example of a possible Code violation is the preparation and filing of financial disclosure that omits material facts, or that is accurate but is written in a way that obscures its meaning.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Because service providers such as an administrator, outside accounting firm, and custodian provide much of the work relating to the Funds' financial statements, you should be alert for actions by service providers that may be illegal, or that could be viewed as dishonest or unethical conduct. You should report these actions to the Compliance Coordinator even if you know, or think, that the service provider has its own code of ethics for its SFOs or employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. SFOs or other officers or employees who report violations or suspected violations in good faith will not be subject to retaliation of any kind. Reported violations will be investigated and addressed promptly and will be treated confidentially to the extent possible.

VIII. Violations of The Code

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Dishonest, unethical or illegal conduct will constitute a violation of this Code, regardless of whether this Code specifically refers to that particular conduct. A violation of this Code may result in disciplinary action, up to and including termination of employment. A variety of laws apply to the Funds and their operations, including the Securities Act of 1933, the Investment Company Act of 1940, state laws relating to duties owed by Fund directors and officers, and criminal laws. The federal securities laws generally prohibit the Funds from making material misstatements in its prospectus and other documents filed with the SEC, or from omitting to state a material fact. These material misstatements and omissions include financial statements that are misleading or omit materials facts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Examples of criminal violations of the law include stealing, embezzling, misapplying corporate or bank funds, making a payment for an expressed purpose on a Fund's behalf to an individual who intends to use it for a different purpose; or making payments, whether corporate or personal, of cash or other items of value that are intended to influence the judgment or actions of political candidates, government officials or businesses in connection with any of the Funds' activities. The Funds must and will report all suspected criminal violations to the appropriate authorities for possible prosecution, and will investigate, address and report, as appropriate, non-criminal violations.

Amended: June 1, 2009

## Ex-99.Cert

**Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the <br> Sarbanes-Oxley Act**

I, James M. Dykas, certify that:

1. I have reviewed this report on Form N-CSR of First Trust Exchange-Traded Fund II;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the
financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this
report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial
reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors
and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | December 5, 2025 | &nbsp;&nbsp;&nbsp;/s/ James M. Dykas |
|  |  | &nbsp;&nbsp;&nbsp;James M. Dykas, President and Chief Executive Officer<br> (principal executive officer) |

---

**Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the <br> Sarbanes-Oxley Act**

I, Derek D. Maltbie, certify that:

1. I have reviewed this report on Form N-CSR of First Trust Exchange-Traded Fund II;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the
financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this
report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial
reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors
and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | December 5, 2025 | &nbsp;&nbsp;&nbsp;/s/ Derek D. Maltbie |
|  |  | &nbsp;&nbsp;&nbsp;Derek D. Maltbie, Treasurer, Chief Financial Officer <br> and Chief Accounting Officer<br> (principal financial officer) |

---

## Exhibit 99.906

**Certification Pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 <br> of the Sarbanes-Oxley Act**

I, James M. Dykas, President and Chief Executive Officer of First Trust Exchange-Traded Fund II (the "Registrant"), certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Form N-CSR of the Registrant (the "Report") fully complies with the requirements of Section
13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition
and results of operations of the Registrant.

---

| | | |
|:---|:---|:---|
| Date: | December 5, 2025 | &nbsp;&nbsp;&nbsp;/s/ James M. Dykas |
|  |  | &nbsp;&nbsp;&nbsp;James M. Dykas, President and Chief Executive Officer<br> (principal executive officer) |

---

I, Derek D. Maltbie, Treasurer, Chief Financial Officer and Chief Accounting Officer of First Trust Exchange-Traded Fund II (the "Registrant"), certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Form N-CSR of the Registrant (the "Report") fully complies with the requirements of Section
13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition
and results of operations of the Registrant.

---

| | | |
|:---|:---|:---|
| Date: | December 5, 2025 | &nbsp;&nbsp;&nbsp;/s/ Derek D. Maltbie |
|  |  | &nbsp;&nbsp;&nbsp;Derek D. Maltbie, Treasurer, Chief Financial Officer <br> and Chief Accounting Officer<br> (principal financial officer) |

---