# EDGAR Filing Document

**Accession Number:** 0001667919
**File Stem:** 0000940400-26-002181
**Filing Date:** 2026-1
**Character Count:** 103673
**Document Hash:** 14ea881129486c86bd9b3c2451bd86b8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-002181.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0000940400-26-002181

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**PERIOD START**: 20260831

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23147
- **FILM NUMBER:** 26559137

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

**First Trust Securitized Plus ETF (DEED)**

**Portfolio of Investments**

**November 30, 2025 (Unaudited)**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Coupon**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 48.8%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 48.8%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 48.8%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 48.8%** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES — 48.8%** |
|  | **Collateralized Mortgage Obligations — 20.4%** | **Collateralized Mortgage Obligations — 20.4%** | **Collateralized Mortgage Obligations — 20.4%** |  |
|  | Federal Home Loan Mortgage Corporation |  |  |  |
| $404775 | &nbsp;&nbsp;&nbsp; Series 4292, Class PB | 3.50% | 01/15/44 | $371112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 357355 | &nbsp;&nbsp;&nbsp; Series 4639, Class HZ | 3.25% | 04/15/53 | 302868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415000 | &nbsp;&nbsp;&nbsp; Series 4753, Class HL | 3.00% | 02/15/48 | 368880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 788365 | &nbsp;&nbsp;&nbsp; Series 4765, Class PZ | 3.00% | 01/15/48 | 638233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 925000 | &nbsp;&nbsp;&nbsp; Series 5210, Class LB | 3.00% | 08/25/50 | 738460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1024250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5435, Class BS, (30 Day Average SOFR) ×-2+ <br> 11.93% (a) | 3.78% | 07/25/54 | 975506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 436927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5502, Class FC, 30 Day Average SOFR + 2.00%, 6.00% <br> Cap (b) | 6.00% | 02/25/55 | 441845 |
|  | &nbsp;&nbsp; Federal Home Loan Mortgage Corporation Seasoned Loans <br> Structured Transaction Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class A2 | 3.00% | 05/25/35 | 1098097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1343271 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class YF, 30 Day Average SOFR + 1.10% (b) (c) | 5.17% | 05/25/35 | 1355767 |
|  | Federal National Mortgage Association |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-56, Class FE, 30 Day Average SOFR + CSA + <br> 0.43% (b) | 4.62% | 07/25/36 | 67105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 625000 | &nbsp;&nbsp;&nbsp; Series 2015-32, Class PB | 3.00% | 05/25/45 | 554039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1016334 | &nbsp;&nbsp;&nbsp; Series 2022-57, Class FB, 30 Day Average SOFR + 0.70% (b) | 4.77% | 09/25/52 | 997982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 962251 | &nbsp;&nbsp;&nbsp; Series 2022-66, Class CF, 30 Day Average SOFR + 0.80% (b) | 4.87% | 10/25/52 | 948409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365608 | &nbsp;&nbsp;&nbsp; Series 2024-73, Class FB, 30 Day Average SOFR + 1.20% (b) | 5.27% | 10/25/54 | 366873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1316306 | &nbsp;&nbsp;&nbsp; Series 2024-84, Class FD, 30 Day Average SOFR + 1.15% (b) | 5.22% | 11/25/54 | 1319448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1402831 | &nbsp;&nbsp;&nbsp; Series 2025-49, Class FA, 30 Day Average SOFR + 0.80% (b) | 4.87% | 06/25/55 | 1393425 |
|  | Government National Mortgage Association |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460000 | &nbsp;&nbsp;&nbsp; Series 2013-39, Class DP | 2.50% | 03/20/43 | 375236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290356 | &nbsp;&nbsp;&nbsp; Series 2015-39, Class ZA | 3.50% | 03/20/45 | 272215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430489 | &nbsp;&nbsp;&nbsp; Series 2015-103, Class ZA | 3.50% | 07/20/45 | 375151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318044 | &nbsp;&nbsp;&nbsp; Series 2017-38, Class Z | 4.00% | 03/20/47 | 287898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 394253 | &nbsp;&nbsp;&nbsp; Series 2017-117, Class ZN | 3.00% | 08/20/47 | 328067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335954 | &nbsp;&nbsp;&nbsp; Series 2018-97, Class DZ | 3.50% | 07/20/48 | 305477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 483595 | &nbsp;&nbsp;&nbsp; Series 2021-125, Class EL | 1.50% | 07/20/51 | 311900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370255 | &nbsp;&nbsp;&nbsp; Series 2023-18, Class AZ | 4.75% | 02/20/53 | 343172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285000 | &nbsp;&nbsp;&nbsp; Series 2023-81, Class AL | 4.50% | 08/20/40 | 279808 |
|  |  |  |  | 14816973 |
|  | **Commercial Mortgage-Backed Securities — 0.8%** | **Commercial Mortgage-Backed Securities — 0.8%** | **Commercial Mortgage-Backed Securities — 0.8%** |  |
|  | &nbsp;&nbsp; Federal Home Loan Mortgage Corporation Multifamily Structured <br> Pass-Through Certificates |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3818407 | &nbsp;&nbsp;&nbsp; Series K546, Class X1, IO (d) | 1.06% | 05/25/30 | 135920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 235480 | &nbsp;&nbsp;&nbsp; Series K732, Class X3, IO (d) | 4.24% | 05/25/46 | 71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; Series KJ52, Class A2 | 4.76% | 01/25/32 | 408841 |
|  |  |  |  | 544832 |
|  | **Pass-Through Securities — 27.6%** | **Pass-Through Securities — 27.6%** | **Pass-Through Securities — 27.6%** |  |
|  | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72182 | &nbsp;&nbsp;&nbsp; Pool G60659  | 3.50% | 08/01/46 | 68524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85861 | &nbsp;&nbsp;&nbsp; Pool G61748  | 3.50% | 11/01/48 | 81244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99175 | &nbsp;&nbsp;&nbsp; Pool G67706  | 3.50% | 12/01/47 | 94147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129620 | &nbsp;&nbsp;&nbsp; Pool G67710  | 3.50% | 03/01/48 | 122406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 823613 | &nbsp;&nbsp;&nbsp; Pool QC8921  | 2.50% | 10/01/51 | 710472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1274126 | &nbsp;&nbsp;&nbsp; Pool QD7088  | 2.00% | 02/01/52 | 1056320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206812 | &nbsp;&nbsp;&nbsp; Pool RA5286  | 2.50% | 05/01/51 | 176348 |

---

------

**First Trust Securitized Plus ETF (DEED)**

**Portfolio of Investments (Continued)**

**November 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** | **U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES (Continued)** |
|  | **Pass-Through Securities (Continued)** | **Pass-Through Securities (Continued)** | **Pass-Through Securities (Continued)** |  |
|  | Federal Home Loan Mortgage Corporation (Continued) | Federal Home Loan Mortgage Corporation (Continued) | Federal Home Loan Mortgage Corporation (Continued) | Federal Home Loan Mortgage Corporation (Continued) |
| $255035 | &nbsp;&nbsp;&nbsp; Pool RA5552  | 3.00% | 07/01/51 | $228122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89454 | &nbsp;&nbsp;&nbsp; Pool SD0499  | 3.00% | 08/01/50 | 81272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 809270 | &nbsp;&nbsp;&nbsp; Pool SD0956  | 2.50% | 04/01/52 | 698585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 391272 | &nbsp;&nbsp;&nbsp; Pool SD1382  | 4.00% | 08/01/52 | 375290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81156 | &nbsp;&nbsp;&nbsp; Pool SD7502  | 3.50% | 07/01/49 | 76213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92099 | &nbsp;&nbsp;&nbsp; Pool SD7511  | 3.50% | 01/01/50 | 86735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56607 | &nbsp;&nbsp;&nbsp; Pool SD7513  | 3.50% | 04/01/50 | 53093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1386309 | &nbsp;&nbsp;&nbsp; Pool SL1390  | 4.00% | 07/01/50 | 1347318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1447106 | &nbsp;&nbsp;&nbsp; Pool SL1523  | 3.50% | 07/01/50 | 1355063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58811 | &nbsp;&nbsp;&nbsp; Pool ZM1779  | 3.00% | 09/01/46 | 53760 |
|  | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp;&nbsp;&nbsp; 1494950 | &nbsp;&nbsp;&nbsp; Pool AL9394  | 3.00% | 11/01/46 | 1353389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20682 | &nbsp;&nbsp;&nbsp; Pool BE3619  | 4.00% | 05/01/47 | 20101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1389365 | &nbsp;&nbsp;&nbsp; Pool BM4963  | 3.00% | 05/01/48 | 1264840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250245 | &nbsp;&nbsp;&nbsp; Pool BQ1163  | 2.00% | 08/01/50 | 205378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 503336 | &nbsp;&nbsp;&nbsp; Pool BQ1226  | 2.00% | 09/01/50 | 413038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 606895 | &nbsp;&nbsp;&nbsp; Pool BU9074  | 2.00% | 01/01/52 | 499445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 459233 | &nbsp;&nbsp;&nbsp; Pool BV4119  | 2.50% | 03/01/52 | 393390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210668 | &nbsp;&nbsp;&nbsp; Pool BV5358  | 2.50% | 04/01/52 | 180375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1057091 | &nbsp;&nbsp;&nbsp; Pool BV8477  | 3.00% | 05/01/52 | 947496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531494 | &nbsp;&nbsp;&nbsp; Pool BV9960  | 4.00% | 06/01/52 | 511867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41692 | &nbsp;&nbsp;&nbsp; Pool CA0995  | 3.50% | 01/01/48 | 39035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449080 | &nbsp;&nbsp;&nbsp; Pool CA5689  | 3.00% | 05/01/50 | 407166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 984307 | &nbsp;&nbsp;&nbsp; Pool CB2411  | 2.50% | 12/01/51 | 843392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 439488 | &nbsp;&nbsp;&nbsp; Pool CB2430  | 3.00% | 12/01/51 | 391357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 459985 | &nbsp;&nbsp;&nbsp; Pool CB2802  | 2.00% | 02/01/52 | 379330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1327549 | &nbsp;&nbsp;&nbsp; Pool FA1348  | 4.50% | 09/01/52 | 1338422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1283219 | &nbsp;&nbsp;&nbsp; Pool FA1641  | 4.50% | 09/01/50 | 1283687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1157290 | &nbsp;&nbsp;&nbsp; Pool FS0139  | 2.50% | 01/01/52 | 1000937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330537 | &nbsp;&nbsp;&nbsp; Pool FS3160  | 3.00% | 06/01/52 | 296841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580000 | &nbsp;&nbsp;&nbsp; Pool TBA (e) | 4.50% | 01/15/56 | 567370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Pool TBA (e) | 6.00% | 01/15/56 | 1023771 |
|  |  |  |  | 20025539 |
|  | **Total U.S. Government Agency Mortgage-Backed Securities** | **Total U.S. Government Agency Mortgage-Backed Securities** | **Total U.S. Government Agency Mortgage-Backed Securities** | 35387344 |
|  | (Cost $35,504,666) | (Cost $35,504,666) | (Cost $35,504,666) |  |
| **MORTGAGE-BACKED SECURITIES — 31.7%** | **MORTGAGE-BACKED SECURITIES — 31.7%** | **MORTGAGE-BACKED SECURITIES — 31.7%** | **MORTGAGE-BACKED SECURITIES — 31.7%** | **MORTGAGE-BACKED SECURITIES — 31.7%** |
|  | **Collateralized Mortgage Obligations — 25.7%** | **Collateralized Mortgage Obligations — 25.7%** | **Collateralized Mortgage Obligations — 25.7%** |  |
|  | CIM Trust | CIM Trust | CIM Trust | CIM Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp; Series 2023-R3, Class A1B (c) | 4.50% | 01/25/63 | 366770 |
|  | COLT Mortgage Loan Trust | COLT Mortgage Loan Trust | COLT Mortgage Loan Trust | COLT Mortgage Loan Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp; Series 2021-HX1, Class B3A (c) (d) | 4.13% | 10/25/66 | 1043396 |
|  | Connecticut Avenue Securities Trust | Connecticut Avenue Securities Trust | Connecticut Avenue Securities Trust | Connecticut Avenue Securities Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-R02, Class 2B2, 30 Day Average SOFR + <br> 6.20% (b) (c) | 10.27% | 11/25/41 | 494220 |
|  | Credit Suisse Mortgage Trust | Credit Suisse Mortgage Trust | Credit Suisse Mortgage Trust | Credit Suisse Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 951987 | &nbsp;&nbsp;&nbsp; Series 2021-RPL4, Class A1 (c) | 4.14% | 12/27/60 | 948944 |
|  | Easy Street Mortgage Loan Trust | Easy Street Mortgage Loan Trust | Easy Street Mortgage Loan Trust | Easy Street Mortgage Loan Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Series 2025-RTL1, Class A2, steps up to 9.30% on 8/26/27 (c) (f) | 8.30% | 05/25/40 | 1013006 |

---

------

**First Trust Securitized Plus ETF (DEED)**

**Portfolio of Investments (Continued)**

**November 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** |
|  | **Collateralized Mortgage Obligations (Continued)** | **Collateralized Mortgage Obligations (Continued)** | **Collateralized Mortgage Obligations (Continued)** |  |
|  | Ellington Financial Mortgage Trust | Ellington Financial Mortgage Trust | Ellington Financial Mortgage Trust | Ellington Financial Mortgage Trust |
| $380000 | &nbsp;&nbsp;&nbsp; Series 2024-INV1, Class B2 (c) (d) | 7.45% | 03/25/69 | $377934 |
|  | FARM Mortgage Trust | FARM Mortgage Trust | FARM Mortgage Trust | FARM Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 742455 | &nbsp;&nbsp;&nbsp; Series 2021-1, Class B (c) (d) | 3.23% | 07/25/51 | 582809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1158791 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class B (c) | 5.63% | 08/01/55 | 1036042 |
|  | Federal Home Loan Mortgage Corporation Seasoned Credit Risk Transfer Trust | Federal Home Loan Mortgage Corporation Seasoned Credit Risk Transfer Trust | Federal Home Loan Mortgage Corporation Seasoned Credit Risk Transfer Trust | Federal Home Loan Mortgage Corporation Seasoned Credit Risk Transfer Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1031726 | &nbsp;&nbsp;&nbsp; Series 2017-1, Class M2 (c) | 4.00% | 01/25/56 | 1001120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1144565 | &nbsp;&nbsp;&nbsp; Series 2017-3, Class M2 (c) | 4.75% | 07/25/56 | 1128476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931640 | &nbsp;&nbsp;&nbsp; Series 2017-4, Class M (c) | 4.75% | 06/25/57 | 923485 |
|  | Freddie Mac Structured Agency Credit Risk REMIC Trust | Freddie Mac Structured Agency Credit Risk REMIC Trust | Freddie Mac Structured Agency Credit Risk REMIC Trust | Freddie Mac Structured Agency Credit Risk REMIC Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-DNA4, Class M2, 30 Day Average SOFR + <br> 1.55% (b) (c) | 5.62% | 10/25/45 | 1002144 |
|  | HOMES Trust | HOMES Trust | HOMES Trust | HOMES Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Series 2025-AFC4, Class A1 (c) (g) | 5.15% | 11/25/60 | 1004738 |
|  | Mill City Mortgage Loan Trust | Mill City Mortgage Loan Trust | Mill City Mortgage Loan Trust | Mill City Mortgage Loan Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp; Series 2019-GS2, Class B2 (c) (d) | 3.25% | 08/25/59 | 1011871 |
|  | PRPM | PRPM | PRPM | PRPM |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A2, steps up to 12.07% on 05/01/28 (c) (f) | 9.07% | 05/25/30 | 1001145 |
|  | PRPM LLC | PRPM LLC | PRPM LLC | PRPM LLC |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Series 2025-6, Class M1 (c) | 10.56% | 08/25/28 | 1000025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 565000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-RCF4, Class M2, steps up to 5.50% on <br> 08/01/29 (c) (f) | 4.50% | 08/25/55 | 523501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-RCF6, Class M1, steps up to 6.50% on <br> 12/01/29 (c) (f) | 5.50% | 12/25/55 | 399019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-RPL4, Class M1A, steps up to 4.00% on <br> 05/01/29 (c) (f) | 3.00% | 05/25/55 | 1123169 |
|  | RALI Trust | RALI Trust | RALI Trust | RALI Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 969754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-QH4, Class A1, 1 Mo. CME Term SOFR + CSA + <br> 0.38% (b) | 4.45% | 05/25/37 | 927786 |
|  | Redwood Funding Trust | Redwood Funding Trust | Redwood Funding Trust | Redwood Funding Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 602586 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A (c) | 6.23% | 12/27/56 | 608324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 344000 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class B (c) | 7.75% | 12/27/56 | 347159 |
|  | Saluda Grade Alternative Mortgage Trust | Saluda Grade Alternative Mortgage Trust | Saluda Grade Alternative Mortgage Trust | Saluda Grade Alternative Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 745000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-RTL4, Class A2, steps up to 8.50% on <br> 07/01/26 (c) (f) | 7.50% | 02/25/30 | 744926 |
|  |  |  |  | 18610009 |
|  | **Commercial Mortgage-Backed Securities — 6.0%** | **Commercial Mortgage-Backed Securities — 6.0%** | **Commercial Mortgage-Backed Securities — 6.0%** |  |
|  | BX Trust | BX Trust | BX Trust | BX Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-DELC, Class A, 1 Mo. CME Term SOFR + <br> 1.55% (b) (c) (h) | 5.51% | 12/15/30 | 1001975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-DELC, Class E, 1 Mo. CME Term SOFR + <br> 3.05% (b) (c) (h) | 7.01% | 12/15/30 | 400250 |
|  | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 2928013 | &nbsp;&nbsp;&nbsp; Series 2016-P3, Class XA, IO (d) | 1.81% | 04/15/49 | 4655 |
|  | COMM Mortgage Trust | COMM Mortgage Trust | COMM Mortgage Trust | COMM Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 938014 | &nbsp;&nbsp;&nbsp; Series 2012-CR4, Class XA, IO (d) (i) | 1.29% | 10/15/45 | 17488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10917858 | &nbsp;&nbsp;&nbsp; Series 2014-UBS3, Class XB, IO (c) (d) | 0.32% | 06/10/47 | 242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp; Series 2015-LC21, Class XE, IO (c) (d) | 1.17% | 07/10/48 | 560 |
|  | Grace Trust | Grace Trust | Grace Trust | Grace Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Series 2020-GRCE, Class X, IO (c) (d) | 0.39% | 12/10/40 | 13495 |

---

------

**First Trust Securitized Plus ETF (DEED)**

**Portfolio of Investments (Continued)**

**November 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** | **MORTGAGE-BACKED SECURITIES (Continued)** |
|  | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** |  |
|  | GS Mortgage Securities Trust | GS Mortgage Securities Trust | GS Mortgage Securities Trust | GS Mortgage Securities Trust |
| $636169 | &nbsp;&nbsp;&nbsp; Series 2011-GC5, Class XA, IO (d) (j) (k) | 0.10% | 08/10/44 | $442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 605000 | &nbsp;&nbsp;&nbsp; Series 2024-FAIR, Class E (c) (d) | 9.45% | 07/15/29 | 611984 |
|  | JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 278235 | &nbsp;&nbsp;&nbsp; Series 2015-C32, Class XA, IO (d) (i) | 1.15% | 11/15/48 | 22 |
|  | JPMCC Commercial Mortgage Securities Trust | JPMCC Commercial Mortgage Securities Trust | JPMCC Commercial Mortgage Securities Trust | JPMCC Commercial Mortgage Securities Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 8743394 | &nbsp;&nbsp;&nbsp; Series 2017-JP5, Class XA, IO (d) | 0.91% | 03/15/50 | 66681 |
|  | JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 4607623 | &nbsp;&nbsp;&nbsp; Series 2016-C2, Class XA, IO (d) | 1.65% | 06/15/49 | 6987 |
|  | MSWF Commercial Mortgage Trust | MSWF Commercial Mortgage Trust | MSWF Commercial Mortgage Trust | MSWF Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 9460733 | &nbsp;&nbsp;&nbsp; Series 2023-1, Class XA, IO (d) | 1.09% | 05/15/56 | 472309 |
|  | NRTH Commercial Mortgage Trust | NRTH Commercial Mortgage Trust | NRTH Commercial Mortgage Trust | NRTH Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-PARK, Class A, 1 Mo. CME Term SOFR + <br> 1.39% (b) (c) | 5.35% | 10/15/40 | 400594 |
|  | SFO Commercial Mortgage Trust | SFO Commercial Mortgage Trust | SFO Commercial Mortgage Trust | SFO Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-555, Class A, 1 Mo. CME Term SOFR + CSA + <br> 1.15% (b) (c) | 5.22% | 05/15/38 | 497420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-555, Class D, 1 Mo. CME Term SOFR + CSA + <br> 2.40% (b) (c) | 6.47% | 05/15/38 | 496512 |
|  | SMRT | SMRT | SMRT | SMRT |
| &nbsp;&nbsp; 105000000 | &nbsp;&nbsp;&nbsp; Series 2022-MINI, Class XCP, IO (c) (d) | 0.00% | 01/15/39 | 10920 |
|  | TEXAS Commercial Mortgage Trust | TEXAS Commercial Mortgage Trust | TEXAS Commercial Mortgage Trust | TEXAS Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-TWR, Class C, 1 Mo. CME Term SOFR + <br> 2.14% (b) (c) | 6.10% | 04/15/42 | 260518 |
|  | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1840269 | &nbsp;&nbsp;&nbsp; Series 2016-C33, Class XA, IO (d) (i) | 1.67% | 03/15/59 | 215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5823000 | &nbsp;&nbsp;&nbsp; Series 2016-C37, Class XEF, IO (c) (d) | 1.60% | 12/15/49 | 75765 |
|  | WFRBS Commercial Mortgage Trust | WFRBS Commercial Mortgage Trust | WFRBS Commercial Mortgage Trust | WFRBS Commercial Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102199 | &nbsp;&nbsp;&nbsp; Series 2014-C22, Class XA, IO (d) (i) | 0.38% | 09/15/57 | 15 |
|  |  |  |  | 4339049 |
|  | **Total Mortgage-Backed Securities** | **Total Mortgage-Backed Securities** | **Total Mortgage-Backed Securities** | 22949058 |
|  | (Cost $22,597,842) | (Cost $22,597,842) | (Cost $22,597,842) |  |
| **ASSET-BACKED SECURITIES — 19.2%** | **ASSET-BACKED SECURITIES — 19.2%** | **ASSET-BACKED SECURITIES — 19.2%** | **ASSET-BACKED SECURITIES — 19.2%** | **ASSET-BACKED SECURITIES — 19.2%** |
|  | CoreVest American Finance Trust | CoreVest American Finance Trust | CoreVest American Finance Trust | CoreVest American Finance Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1459038 | &nbsp;&nbsp;&nbsp; Series 2021-2, Class XA, IO (c) (d) | 3.10% | 07/15/54 | 24655 |
|  | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class E (c) | 7.81% | 10/15/32 | 1036127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Series 2025-3A, Class D | 5.57% | 10/15/31 | 1021981 |
|  | Flagship Credit Auto Trust | Flagship Credit Auto Trust | Flagship Credit Auto Trust | Flagship Credit Auto Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class D (c) | 6.30% | 04/15/30 | 1000439 |
|  | Gracie Point International Funding LLC | Gracie Point International Funding LLC | Gracie Point International Funding LLC | Gracie Point International Funding LLC |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 744000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A, 30 Day Average SOFR + 1.50% (b) (c) | 5.71% | 08/15/28 | 744670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1460000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class D, 30 Day Average SOFR + 4.50% (b) (c) | 8.71% | 08/15/28 | 1461548 |
|  | Island Finance Trust | Island Finance Trust | Island Finance Trust | Island Finance Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B (c) | 7.95% | 03/19/35 | 1016869 |
|  | J.G. Wentworth LLC | J.G. Wentworth LLC | J.G. Wentworth LLC | J.G. Wentworth LLC |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 371219 | &nbsp;&nbsp;&nbsp; Series 2017-2A, Class B (c) | 5.09% | 09/17/74 | 340530 |
|  | Lmrk Issuer Co. 2 LLC | Lmrk Issuer Co. 2 LLC | Lmrk Issuer Co. 2 LLC | Lmrk Issuer Co. 2 LLC |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class C (c) | 8.12% | 09/15/55 | 505727 |

---

------

**First Trust Securitized Plus ETF (DEED)**

**Portfolio of Investments (Continued)**

**November 30, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** | **ASSET-BACKED SECURITIES (Continued)** |
|  | Neuberger Berman Loan Advisers CLO Ltd. | Neuberger Berman Loan Advisers CLO Ltd. | Neuberger Berman Loan Advisers CLO Ltd. | Neuberger Berman Loan Advisers CLO Ltd. |
| $250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-39A, Class ER, 3 Mo. CME Term SOFR + <br> 7.20% (b) (c) | 11.08% | 04/20/38 | $250518 |
|  | Pagaya AI Debt Grantor Trust | Pagaya AI Debt Grantor Trust | Pagaya AI Debt Grantor Trust | Pagaya AI Debt Grantor Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 999885 | &nbsp;&nbsp;&nbsp; Series 2024-11, Class E (c) | 10.33% | 07/15/32 | 1031445 |
|  | PRET LLC | PRET LLC | PRET LLC | PRET LLC |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NPL6, Class A2, steps up to 12.72% on <br> 06/25/29 (c) (f) | 8.72% | 06/25/55 | 1008377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NPL9, Class A2, steps up to 11.51% on <br> 08/25/29 (c) (f) | 7.51% | 08/25/55 | 250968 |
|  | Research-Driven Pagaya Motor Asset Trust | Research-Driven Pagaya Motor Asset Trust | Research-Driven Pagaya Motor Asset Trust | Research-Driven Pagaya Motor Asset Trust |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Series 2025-3A, Class E (c) | 11.09% | 02/27/34 | 1001296 |
|  | Research-Driven Pagaya Motor Trust | Research-Driven Pagaya Motor Trust | Research-Driven Pagaya Motor Trust | Research-Driven Pagaya Motor Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp; Series 2025-5A, Class C (c) | 5.47% | 06/26/34 | 377005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp; Series 2025-5A, Class D (c) | 6.01% | 06/26/34 | 375441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 775000 | &nbsp;&nbsp;&nbsp; Series 2025-6A, Class C (c) (h) | 5.53% | 08/25/34 | 775160 |
|  | Saluda Grade Alternative Mortgage Trust | Saluda Grade Alternative Mortgage Trust | Saluda Grade Alternative Mortgage Trust | Saluda Grade Alternative Mortgage Trust |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 923908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NPL1, Class A1, steps up to 10.12% on <br> 12/01/27 (c) (f) | 7.12% | 01/25/30 | 928999 |
|  | VERTICAL BRIDGE CC LLC | VERTICAL BRIDGE CC LLC | VERTICAL BRIDGE CC LLC | VERTICAL BRIDGE CC LLC |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 725000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class C (c) | 7.45% | 08/16/55 | 740017 |
|  | **Total Asset-Backed Securities** | **Total Asset-Backed Securities** | **Total Asset-Backed Securities** | 13891772 |
|  | (Cost $13,927,133) | (Cost $13,927,133) | (Cost $13,927,133) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **EXCHANGE-TRADED FUNDS — 0.9%** | **EXCHANGE-TRADED FUNDS — 0.9%** | **EXCHANGE-TRADED FUNDS — 0.9%** |
|  | **Capital Markets — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20000 | First Trust AAA CMBS ETF (l) | 414200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12000 | First Trust Structured Credit Income Opportunities ETF (l) | 249704 |
|  | **Total Exchange-Traded Funds** | 663904 |
|  | (Cost $651,437) |  |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Maturity**<br>| **Value** |
| **U.S. TREASURY BILLS — 2.7%** | **U.S. TREASURY BILLS — 2.7%** | **U.S. TREASURY BILLS — 2.7%** | **U.S. TREASURY BILLS — 2.7%** |
| $1000000 | U.S. Treasury Bills <br> (m) | 12/18/25 | 998157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | U.S. Treasury Bills <br> (m) | 12/23/25 | 997620 |
|  | **Total U.S. Treasury Bills** | **Total U.S. Treasury Bills** | 1995777 |
|  | (Cost $1,995,800) | (Cost $1,995,800) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 1.6%** | **MONEY MARKET FUNDS — 1.6%** | **MONEY MARKET FUNDS — 1.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1137671 | Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 3.84% (n) | 1137671 |
|  | (Cost $1,137,671) |  |
|  | **Total Investments — 104.9%** | 76025526 |
|  | (Cost $75,814,549) |  |
|  | **Net Other Assets and Liabilities — (4.9)%** | (3561157)<br>|
|  | **Net Assets — 100.0%** | $72464369 |

---

------

**First Trust Securitized Plus ETF (DEED)**

**Portfolio of Investments (Continued)**

**November 30, 2025 (Unaudited)**

**Futures Contracts at November 30, 2025:**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures Contracts Long** | **Number of** <br>**Contracts**<br>| **Expiration** <br>**Date**<br>| **Notional** <br>**Value**<br>| **Unrealized** <br>**Appreciation** <br>**(Depreciation)/** <br>**Value**<br>|
| U.S. 2-Year Treasury Notes | 33 | Mar-2026 | &nbsp;&nbsp; $6892359 | &nbsp;&nbsp; $2597 |
| U.S. 5-Year Treasury Notes | 50 | Mar-2026 | &nbsp;&nbsp; 5488281 | &nbsp;&nbsp; (1960)<br>|
| U.S. 10-Year Treasury Notes | 37 | Mar-2026 | &nbsp;&nbsp; 4193719 | &nbsp;&nbsp; (1245)<br>|
| U.S. Long (CBT) Bond | 4 | Mar-2026 | &nbsp;&nbsp; 469750 | &nbsp;&nbsp; (1636)<br>|
| Ultra 10-Year U.S. Treasury Notes | 35 | Mar-2026 | &nbsp;&nbsp; 4067109 | &nbsp;&nbsp; 6473 |
| Ultra U.S. Treasury Bond Futures | 9 | Mar-2026 | &nbsp;&nbsp; 1088438 | &nbsp;&nbsp; 626 |
|  |  | &nbsp;&nbsp; Total | &nbsp;&nbsp; $22199656 | &nbsp;&nbsp; $4855 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Inverse floating rate security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Floating or variable rate security.

&nbsp;&nbsp;&nbsp;&nbsp;(c) This security, sold within the terms of a private placement memorandum, is exempt
 from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act"), and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P. (the "Advisor"). Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined
 based on security specific factors and assumptions, which require subjective judgment. At November 30, 2025, securities noted
 as such amounted to $35,678,016 or 49.2% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Collateral Strip Rate security. Coupon is based on the weighted net interest rate of the investment's underlying collateral. The interest rate resets periodically.

&nbsp;&nbsp;&nbsp;&nbsp;(e) All or a portion of this security is part of a mortgage dollar roll agreement.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Step-up security. A security where the coupon increases or steps up at a predetermined
 date.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Weighted Average Coupon security. Coupon is based on the blended interest rate of
 the underlying holdings, which may have different coupons. The coupon may change in any period.

&nbsp;&nbsp;&nbsp;&nbsp;(h) When-issued security. The interest rate shown reflects the rate in effect at November
 30, 2025. Interest will begin accruing on the security's first settlement date.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be illiquid by the Advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Restricted security as to resale, excluding Rule 144A securities (see Restricted Securities
 table).

&nbsp;&nbsp;&nbsp;&nbsp;(k) This security, sold within the terms of a private placement memorandum, is exempt
 from registration upon resale under Rule 144A of the 1933 Act, and may be resold in transactions exempt from registration,
 normally to qualified institutional buyers (see Restricted Securities table).

&nbsp;&nbsp;&nbsp;&nbsp;(l) Investment in an affiliated fund.

&nbsp;&nbsp;&nbsp;&nbsp;(m) Zero coupon security.

&nbsp;&nbsp;&nbsp;&nbsp;(n) Rate shown reflects yield as of November 30, 2025.

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

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| CME | – Chicago Mercantile Exchange |
| CSA | – Credit Spread Adjustment |
| IO | – Interest-Only Security - Principal amount shown represents par value on which interest payments are based |
| REMIC | – Real Estate Mortgage Investment Conduit |
| SOFR | – Secured Overnight Financing Rate |
| TBA | – To-Be-Announced Security |

---

------

**First Trust Securitized Plus ETF (DEED)**

**Portfolio of Investments (Continued)**

**November 30, 2025 (Unaudited)**

------

**Valuation Inputs**

The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity's own assumptions about the assumptions that market participants would use in pricing the investment.

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.

A summary of the inputs used to value the Fund's investments as of November 30, 2025 is as follows:

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total** <br>**Value at** <br>**11/30/2025**<br>| &nbsp;&nbsp;&nbsp; **Level 1** <br>**Quoted** <br>**Prices**<br>| &nbsp;&nbsp;&nbsp; **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| &nbsp;&nbsp;&nbsp; **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| U.S. Government Agency Mortgage-Backed Securities | &nbsp;&nbsp; $35387344 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $35387344 | &nbsp;&nbsp;&nbsp;&nbsp; $— |
| Mortgage-Backed Securities | &nbsp;&nbsp; 22949058 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22949058 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Asset-Backed Securities | &nbsp;&nbsp; 13891772 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13891772 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Exchange-Traded Funds\* | &nbsp;&nbsp; 663904 | &nbsp;&nbsp;&nbsp;&nbsp; 663904 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Bills | &nbsp;&nbsp; 1995777 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1995777 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Money Market Funds | &nbsp;&nbsp; 1137671 | &nbsp;&nbsp;&nbsp;&nbsp; 1137671 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total Investments | &nbsp;&nbsp; 76025526 | &nbsp;&nbsp;&nbsp;&nbsp; 1801575 | &nbsp;&nbsp;&nbsp;&nbsp; 74223951 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Futures Contracts | &nbsp;&nbsp; 9696 | &nbsp;&nbsp;&nbsp;&nbsp; 9696 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total | &nbsp;&nbsp; $76035222 | &nbsp;&nbsp;&nbsp;&nbsp; $1811271 | &nbsp;&nbsp;&nbsp;&nbsp; $74223951 | &nbsp;&nbsp;&nbsp;&nbsp; $— |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total** <br>**Value at** <br>**11/30/2025**<br>| &nbsp;&nbsp;&nbsp; **Level 1** <br>**Quoted** <br>**Prices**<br>| &nbsp;&nbsp;&nbsp; **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| &nbsp;&nbsp;&nbsp; **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Futures Contracts | &nbsp;&nbsp; $(4841)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(4841)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— |

---

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

\* See Portfolio of Investments for industry breakout.

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

------

**Restricted Securities**

As of November 30, 2025, the Fund held restricted securities as shown in the following table that the Advisor deemed illiquid pursuant to procedures adopted by the Trust's Board of Trustees:

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Security | Acquisition <br>Date<br>| Principal <br>Value<br>| Current <br>Price<br>| Carrying <br>Cost<br>| Value | % of <br>Net Assets<br>|
| &nbsp;&nbsp;&nbsp; GS Mortgage Securities Trust, <br> Series 2011-GC5, Class XA, IO, <br> 0.10%, 08/10/44<br>| 05/19/20 | &nbsp;&nbsp; $636169 | &nbsp;&nbsp; $0.00<br> \*<br>| &nbsp;&nbsp; $0 | &nbsp;&nbsp; $442 | 0.00<br> %\*\*<br>|

---

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

------

**First Trust Securitized Plus ETF (DEED)**

**Portfolio of Investments (Continued)**

**November 30, 2025 (Unaudited)**

\* Amount is less than $0.01.

\*\* Amount is less than 0.01%.

------

**Affiliated Transactions**

Amounts relating to investments in affiliated funds at November 30, 2025, and for the fiscal year-to-date period (September 1, 2025 to November 30, 2025) are as follows:

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Shares at <br>11/30/2025<br>| Value at <br>8/31/2025<br>| Purchases | Sales | Change in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Realized <br>Gain <br>(Loss)<br>| Value at <br>11/30/2025<br>| Dividend <br>Income<br>|
| First Trust AAA CMBS ETF | 20000 | $410548 | $— | $— | $3652 | $— | $414200 | $5400 |
| &nbsp;&nbsp;&nbsp; First Trust Structured Credit Income <br> Opportunities ETF<br>| 12000 | 250800 |  |  | (1096)<br>|  | 249704 | 3840 |
|  |  | $661348 | $— | $— | $2556 | $— | $663904 | $9240 |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-23147

- **c. CIK number of Registrant:** 0001667919

- **d. LEI of Registrant:** 549300NT36PJKGP5Y765

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

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

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

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

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

- **a. Name of Series:** First Trust Securitized Plus ETF

- **b. EDGAR series identifier (if any):** S000068300

- **c. LEI of Series:** 549300HEXD4P8KFVEV63

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $78266155.71

**Total Liabilities:** $5801789.51

**Net Assets:** $72464366.20

**Delayed Delivery Securities:** $1799583.71

**Stand-by Commitments:** $3183127.40

**Cash Not Reported:** $354604.45

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 3.31800000 | **1-Year:** 1828.38942000 | **5-Year:** 15702.15937000 | **10-Year:** 10532.89661000 | **30-Year:** 585.86160000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 20.46862000 | **1-Year:** 1802.09487000 | **5-Year:** 2246.00707000 | **10-Year:** 4607.40978000 | **30-Year:** 316.63872000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000218639 | 1.01%                | 0.79%                | 0.93%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4789.22                | $480369.33                                 |
| Month 2  | $-1338.19                | $200226.72                                 |
| Month 3  | $44758.96                | $285775.71                                 |

**Designated Index Information**

- **Index Name:** The Fund's Designated Reference Portfolio is the Fund's Securities Portfolio.

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                   | Title                                                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.            | US ULTRA BOND CBT                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         9 | NC      | $625.45       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140XJQN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    330537 | PA      | $296840.93    | 0.41%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                         | Pagaya AI Debt Grantor Trust 2024-11                          | CUSIP: 69548EAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    999885 | PA      | $1031444.51   | 1.42%             | 2032-07-15      | Fixed         | 10.33%                | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac REMICS                                            | CUSIP: 3137HDTC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1024250 | PA      | $975506.45    | 1.35%             | 2054-07-25      | Floating      | 3.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                              | Fannie Mae or Freddie Mac                                     | CUSIP: 01F042616<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    580000 | PA      | $567370.31    | 0.78%             | 2056-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NRTH PARK Mortgage Trust                               | NRTH Commercial Mortgage Trust 2025-PARK                      | CUSIP: 669985AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $400594.00    | 0.55%             | 2040-10-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust 2011-GC5                         | CUSIP: 36191YAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    636169 | PA      | $441.63       | 0.00%             | 2044-08-10      | Variable      | 0.10%                 | Yes           |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                         | EFMT 2024-INV1                                                | CUSIP: 268434AF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    380000 | PA      | $377934.24    | 0.52%             | 2069-03-25      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| REMIC FUNDING TRUST 98-1                               | Redwood Funding Trust 2025-3                                  | CUSIP: 75806GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    602586 | PA      | $608323.50    | 0.84%             | 2056-12-27      | Fixed         | 6.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140QNDG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    459985 | PA      | $379330.08    | 0.52%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                    | COMM 2014-UBS3 Mortgage Trust                                 | CUSIP: 12591YAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10917858 | PA      | $242.38       | 0.00%             | 2047-06-10      | Variable      | 0.32%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                          | Exeter Automobile Receivables Trust                           | CUSIP: 30166XAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1021981.30   | 1.41%             | 2031-10-15      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140FPAV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20682 | PA      | $20100.73     | 0.03%             | 2047-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne                         | PRET 2025-NPL6 LLC                                            | CUSIP: 740936AB5<br>LEI: 2549004EWBYQ3J21FL07 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1008376.80   | 1.39%             | 2055-06-25      | Variable      | 8.71%                 | No            |                  2 | On Loan: No      |
| SFO Commerical Mortgage Trust                          | SFO Commercial Mortgage Trust 2021-555                        | CUSIP: 78432WAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $497419.55    | 0.69%             | 2038-05-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                               | Mill City Mortgage Loan Trust 2019-GS2                        | CUSIP: 59981TAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1350000 | PA      | $1011870.81   | 1.40%             | 2059-08-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                              | CUSIP: 3132DMRU1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     89454 | PA      | $81272.01     | 0.11%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SMRT                                                   | SMRT 2022-MINI                                                | CUSIP: 78457JAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        | 105000000 | PA      | $10920.00     | 0.02%             | 2039-01-15      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae REMICS                                             | CUSIP: 3136BTTR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1316306 | PA      | $1319448.23   | 1.82%             | 2054-11-25      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                      | PRPM 2025-6 LLC                                               | CUSIP: 69395KAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1000025.00   | 1.38%             | 2028-08-25      | Variable      | 10.56%                | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                              | CUSIP: 3132DNRB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    391272 | PA      | $375290.42    | 0.52%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                          | United States Treasury Bill                                   | CUSIP: 912797RY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $997620.54    | 1.38%             | 2025-12-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                              | CUSIP: 3131XU6Q5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     58811 | PA      | $53760.29     | 0.07%             | 2046-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac REMICS                                            | CUSIP: 3137B75V7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    404775 | PA      | $371111.81    | 0.51%             | 2044-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                         | Government National Mortgage Association                      | CUSIP: 38376MVF1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    318044 | PA      | $287898.50    | 0.40%             | 2047-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140MBCL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    606895 | PA      | $499445.48    | 0.69%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Gold Pool                                         | CUSIP: 31335AWU8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     72182 | PA      | $68523.49     | 0.09%             | 2046-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| First Trust AAA CMBS ETF                               | First Trust AAA CMBS ETF                                      | CUSIP: 33738D762<br>LEI: 254900TMRGSMLWIAPA66 | Long             | EC               | RF                | US        |     20000 | NS      | $414200.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140MNM37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1057091 | PA      | $947496.01    | 1.31%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                                            | HOMES 2025-AFC4 Trust                                         | CUSIP: 43762DAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1004737.80   | 1.39%             | 2060-11-25      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| Easy Street Mortgage Loan Trus                         | Easy Street Mortgage Loan Trust 2025-RTL1                     | CUSIP: 27786FAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1013006.20   | 1.40%             | 2040-05-25      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| Farmer Mac Agricultural Real E                         | FARM 21-1 Mortgage Trust                                      | CUSIP: 30768WAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    742455 | PA      | $582808.66    | 0.80%             | 2051-07-25      | Variable      | 3.23%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A                         | Research-Driven Pagaya Motor Asset Trust 2025-3               | CUSIP: 76091FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1001296.10   | 1.38%             | 2034-02-27      | Fixed         | 11.09%                | No            |                  2 | On Loan: No      |
| MSWF Commercial Mortgage Trust                         | MSWF Commercial Mortgage Trust 2023-1                         | CUSIP: 55376CAP8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9460733 | PA      | $472309.11    | 0.65%             | 2056-05-15      | Variable      | 1.09%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae REMICS                                             | CUSIP: 3136BWAF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1402831 | PA      | $1393424.90   | 1.92%             | 2055-06-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140Q8C94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     41692 | PA      | $39034.91     | 0.05%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                    | COMM 2015-LC21 Mortgage Trust                                 | CUSIP: 12593FAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $560.00       | 0.00%             | 2048-07-10      | Variable      | 1.17%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                         | Government National Mortgage Association                      | CUSIP: 38380XH91<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    335954 | PA      | $305476.92    | 0.42%             | 2048-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Vertical Bridge CC, LLC                                | VERTICAL BRIDGE CC LLC                                        | CUSIP: 92535VAU6<br>LEI: 549300DKEDU9WZPGTC09 | Long             | ABS-O            | CORP              | US        |    725000 | PA      | $740017.29    | 1.02%             | 2055-08-16      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                     | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2017-3 | CUSIP: 35563PCF4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1144565 | PA      | $1128476.20   | 1.56%             | 2056-07-25      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                              | CUSIP: 31427NRL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1386309 | PA      | $1347318.41   | 1.86%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae REMICS                                             | CUSIP: 3136BN3L8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1016334 | PA      | $997981.58    | 1.38%             | 2052-09-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| TEXAS Commercial Mortgage Trus                         | TEXAS Commercial Mortgage Trust 2025-TWR                      | CUSIP: 88231WAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    260000 | PA      | $260518.13    | 0.36%             | 2042-04-15      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P                         | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137HHUT6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    400000 | PA      | $408840.72    | 0.56%             | 2032-01-25      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                         | Government National Mortgage Association                      | CUSIP: 38379LEA0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    290356 | PA      | $272214.83    | 0.38%             | 2045-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3138ERNL0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1494950 | PA      | $1353388.58   | 1.87%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                    | COMM 2012-CCRE4 Mortgage Trust                                | CUSIP: 12624QAS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    938014 | PA      | $17487.68     | 0.02%             | 2045-10-15      | Variable      | 1.29%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                              | CUSIP: 3133KMEZ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    255035 | PA      | $228121.49    | 0.31%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                      | PRPM 2025-3                                                   | CUSIP: 74449DAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1001145.00   | 1.38%             | 2030-05-25      | Variable      | 9.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140QMVY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    439488 | PA      | $391356.65    | 0.54%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140J9QR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1389365 | PA      | $1264840.33   | 1.75%             | 2048-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SLST                                     | Seasoned Loans Structured Transaction Trust Series 2025-1     | CUSIP: 35564CUE5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1250000 | PA      | $1098097.00   | 1.52%             | 2035-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.            | US 10YR ULTRA                                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        35 | NC      | $6472.55      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae REMICS                                             | CUSIP: 3136ANQB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    625000 | PA      | $554039.31    | 0.76%             | 2045-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Gold Pool                                         | CUSIP: 3132XCR72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    129620 | PA      | $122406.06    | 0.17%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                     | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2017-1 | CUSIP: 35563PAT6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1031726 | PA      | $1001120.11   | 1.38%             | 2056-01-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LMRK Issuer Co. LLC                                    | Lmrk Issuer Co 2 LLC                                          | CUSIP: 50209AAK7<br>LEI: 549300TATF7H68SRLE80 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $505727.05    | 0.70%             | 2055-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Gracie Point International Fun                         | Gracie Point International Funding 2025-1 LLC                 | CUSIP: 38411WAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1460000 | PA      | $1461548.48   | 2.02%             | 2028-08-15      | Floating      | 8.71%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                     | Freddie Mac Seasoned Credit Risk Transfer Trust 2017-4        | CUSIP: 35563PDJ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    931640 | PA      | $923484.86    | 1.27%             | 2057-06-25      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SLST                                     | Seasoned Loans Structured Transaction Trust Series 2025-1     | CUSIP: 35564CWZ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1343271 | PA      | $1355766.72   | 1.87%             | 2035-05-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P                         | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137FG7J8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    235480 | PA      | $70.90        | 0.00%             | 2046-05-25      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg                         | Saluda Grade Alternative Mortgage Trust 2025-NPL1             | CUSIP: 79582BAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    923908 | PA      | $928999.23    | 1.28%             | 2030-01-25      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140MHSH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    459233 | PA      | $393389.90    | 0.54%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.            | US LONG BOND(CBT)                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         4 | NC      | $-1635.56     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| PRP Advisors, LLC                                      | PRPM 2025-RCF4 LLC                                            | CUSIP: 69382WAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    565000 | PA      | $523501.09    | 0.72%             | 2055-08-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140KLJH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    250245 | PA      | $205377.81    | 0.28%             | 2050-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                    | Freddie Mac STACR REMIC Trust 2025-DNA4                       | CUSIP: 35564UBS5<br>LEI: 529900ZVQVVVNGMGDO97 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1002144.50   | 1.38%             | 2045-10-25      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                              | CUSIP: 31427NVR7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1447106 | PA      | $1355063.41   | 1.87%             | 2050-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                          | Exeter Automobile Receivables Trust 2025-2                    | CUSIP: 30168JAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1036127.00   | 1.43%             | 2032-10-15      | Fixed         | 7.81%                 | No            |                  2 | On Loan: No      |
| First Trust Structured Credit Income Opportunities ETF | First Trust Structured Credit Income Opportunities ETF        | CUSIP: 33738D770<br>LEI: 2549004N8C03JQQ2OB54 | Long             | EC               | RF                | US        |     12000 | NS      | $249704.40    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                              | CUSIP: 3132DNBZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    809270 | PA      | $698585.10    | 0.96%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                              | CUSIP: 3133B42V6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1274126 | PA      | $1056320.27   | 1.46%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140W1ZF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1283219 | PA      | $1283687.48   | 1.77%             | 2050-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Gold Pool                                         | CUSIP: 31335B5H5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     85861 | PA      | $81244.08     | 0.11%             | 2048-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.            | US 10YR NOTE (CBT)                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        37 | NC      | $-1244.76     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU                         | WFRBS Commercial Mortgage Trust 2014-C22                      | CUSIP: 92890KBD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    102199 | PA      | $14.60        | 0.00%             | 2057-09-15      | Variable      | 0.38%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                         | JPMCC Commercial Mortgage Securities Trust 2017-JP5           | CUSIP: 46647TAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8743394 | PA      | $66681.49     | 0.09%             | 2050-03-15      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                              | CUSIP: 3132DVKY0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     92099 | PA      | $86734.62     | 0.12%             | 2050-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P                         | Freddie Mac Multifamily Structured Pass Through Certificates  | CUSIP: 3137HN4T2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3818407 | PA      | $135920.41    | 0.19%             | 2030-05-25      | Variable      | 1.06%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Trust 2025-DELC                                            | CUSIP: 05594MAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $400250.00    | 0.55%             | 2030-12-15      | Floating      | 7.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140QDKB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    449080 | PA      | $407165.66    | 0.56%             | 2050-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MSILF Treasury Portfolio                               | MSILF Treasury Portfolio                                      | CUSIP: 61747C582<br>LEI: 549300D1XR6GP7EZ0T47 | Long             | STIV             | RF                | US        |   1137671 | NS      | $1137671.25   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Research-Driven Pagaya Motor A                         | Research-Driven Pagaya Motor Trust 2025-5                     | CUSIP: 76089KAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    375000 | PA      | $375440.78    | 0.52%             | 2034-06-26      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A                         | Research-Driven Pagaya Motor Trust 2025-6                     | CUSIP: 76100JAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    775000 | PA      | $775159.59    | 1.07%             | 2034-08-25      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae REMICS                                             | CUSIP: 31395NXU6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     67419 | PA      | $67104.82     | 0.09%             | 2036-07-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.            | US 2YR NOTE (CBT)                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        33 | NC      | $2597.23      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Mortgage Securities Trust                           | GSMS Trust 2024-Fair                                          | CUSIP: 36270JAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    605000 | PA      | $611983.76    | 0.84%             | 2029-07-15      | Variable      | 9.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140KLLG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    503336 | PA      | $413038.36    | 0.57%             | 2050-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                          | CoreVest American Finance 2021-2 Trust                        | CUSIP: 21873BAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1459038 | PA      | $24655.37     | 0.03%             | 2054-07-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| Gracechurch Mortgage Finance P                         | Grace Trust 2020-GRCE                                         | CUSIP: 38406JAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $13495.45     | 0.02%             | 2040-12-10      | Variable      | 0.39%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                              | CUSIP: 3132DVKP9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     81156 | PA      | $76213.31     | 0.11%             | 2049-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac REMICS                                            | CUSIP: 3137FEQ29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    788365 | PA      | $638233.26    | 0.88%             | 2048-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140W1QA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1327549 | PA      | $1338421.51   | 1.85%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140MJ5U5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    210668 | PA      | $180374.88    | 0.25%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac REMICS                                            | CUSIP: 3137FDW99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    415000 | PA      | $368879.64    | 0.51%             | 2048-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                         | Government National Mortgage Association                      | CUSIP: 38379MDA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    430489 | PA      | $375151.12    | 0.52%             | 2045-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.            | US 5YR NOTE (CBT)                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        50 | NC      | $-1960.33     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| J.G. Wentworth XXXIX LLC                               | J.G. Wentworth XXXIX LLC                                      | CUSIP: 46620VAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    371219 | PA      | $340529.66    | 0.47%             | 2074-09-17      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac REMICS                                            | CUSIP: 3137HJSV0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    436927 | PA      | $441844.74    | 0.61%             | 2055-02-25      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac REMICS                                            | CUSIP: 3137BTEH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    357355 | PA      | $302867.67    | 0.42%             | 2053-04-15      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A                         | Research-Driven Pagaya Motor Trust 2025-5                     | CUSIP: 76089KAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    375000 | PA      | $377005.05    | 0.52%             | 2034-06-26      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                       | Connecticut Avenue Securities Trust 2021-R02                  | CUSIP: 20754KAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    475000 | PA      | $494220.31    | 0.68%             | 2041-11-25      | Floating      | 10.27%                | No            |                  2 | On Loan: No      |
| CIM Trust                                              | CIM Trust 2023-R3                                             | CUSIP: 12570GAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $366769.85    | 0.51%             | 2063-01-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                          | United States Treasury Bill                                   | CUSIP: 912797QZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $998156.68    | 1.38%             | 2025-12-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                         | Wells Fargo Commercial Mortgage Trust 2016-C33                | CUSIP: 95000LBC6<br>LEI: 549300JPCJUA5JJLRW54 | Long             | ABS-MBS          | CORP              | US        |   1840269 | PA      | $215.13       | 0.00%             | 2059-03-15      | Variable      | 1.67%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                         | Government National Mortgage Association                      | CUSIP: 38383VT40<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    370255 | PA      | $343171.79    | 0.47%             | 2053-02-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Trust 2025-DELC                                            | CUSIP: 05594MAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1001974.83   | 1.38%             | 2030-12-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Secu                         | JPMDB Commercial Mortgage Securities Trust 2016-C2            | CUSIP: 46590LAV4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4607623 | PA      | $6987.00      | 0.01%             | 2049-06-15      | Variable      | 1.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                              | CUSIP: 3133AT4E8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    823613 | PA      | $710471.56    | 0.98%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg                         | Saluda Grade Alternative Mortgage Trust 2024-RTL4             | CUSIP: 79584CAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    745000 | PA      | $744926.25    | 1.03%             | 2030-02-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                         | Government National Mortgage Association                      | CUSIP: 38380GHX5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    394253 | PA      | $328066.70    | 0.45%             | 2047-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac REMICS                                            | CUSIP: 3137H6ZG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    925000 | PA      | $738460.43    | 1.02%             | 2050-08-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                         | Government National Mortgage Association                      | CUSIP: 38384BAG6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    285000 | PA      | $279808.27    | 0.39%             | 2040-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                              | CUSIP: 3133KL2T3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    206812 | PA      | $176347.50    | 0.24%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                           | CSMC 2021-RPL4 Trust                                          | CUSIP: 12662GAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    951987 | PA      | $948944.10    | 1.31%             | 2060-12-27      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae REMICS                                             | CUSIP: 3136BTBD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    365608 | PA      | $366873.04    | 0.51%             | 2054-10-25      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                               | Neuberger Berman Loan Advisers CLO 39 Ltd                     | CUSIP: 64134FAL5<br>LEI: 549300VZYYV7KE4XNU69 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250518.00    | 0.35%             | 2038-04-20      | Floating      | 11.08%                | No            |                  2 | On Loan: No      |
| Government National Mortgage A                         | Government National Mortgage Association                      | CUSIP: 38378JUG5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    460000 | PA      | $375235.57    | 0.52%             | 2043-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                          | Citigroup Commercial Mortgage Trust 2016-P3                   | CUSIP: 29429CAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2928013 | PA      | $4655.54      | 0.01%             | 2049-04-15      | Variable      | 1.81%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                      | PRPM 2025-RCF6 LLC                                            | CUSIP: 69393BAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $399018.60    | 0.55%             | 2055-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| REMIC FUNDING TRUST 98-1                               | Redwood Funding Trust 2025-3                                  | CUSIP: 75806GAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    344000 | PA      | $347159.43    | 0.48%             | 2056-12-27      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                              | Fannie Mae or Freddie Mac                                     | CUSIP: 01F060618<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1023771.02   | 1.41%             | 2056-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SFO Commerical Mortgage Trust                          | SFO Commercial Mortgage Trust 2021-555                        | CUSIP: 78432WAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $496511.80    | 0.69%             | 2038-05-15      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Gracie Point International Fun                         | Gracie Point International Funding 2025-1 LLC                 | CUSIP: 38411WAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    744000 | PA      | $744670.34    | 1.03%             | 2028-08-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140MQB65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    531494 | PA      | $511866.68    | 0.71%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                      | PRPM 2025-RPL4 LLC                                            | CUSIP: 74448NAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1123168.63   | 1.55%             | 2055-05-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Farmer Mac Agricultural Real E                         | FARM 2025-1 Mortgage Trust                                    | CUSIP: 30768CAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1158791 | PA      | $1036041.75   | 1.43%             | 2055-08-01      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140QMVD3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    984307 | PA      | $843392.23    | 1.16%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In                         | RALI Series 2007-QH4 Trust                                    | CUSIP: 74922TAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    969754 | PA      | $927786.11    | 1.28%             | 2037-05-25      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                              | CUSIP: 3132DVK20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     56607 | PA      | $53092.92     | 0.07%             | 2050-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Island Finance Trust 2025-1                            | Island Finance Trust 2025-1                                   | CUSIP: 463920AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1016868.70   | 1.40%             | 2035-03-19      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                         | Wells Fargo Commercial Mortgage Trust 2016-C37                | CUSIP: 95000PAP9<br>LEI: 549300TRQQDPEF728F16 | Long             | ABS-MBS          | CORP              | US        |   5823000 | PA      | $75764.80     | 0.10%             | 2049-12-15      | Variable      | 1.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                         | Government National Mortgage Association                      | CUSIP: 38382WHB6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    483595 | PA      | $311899.67    | 0.43%             | 2051-07-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne                         | PRET 2025-NPL9 LLC                                            | CUSIP: 740937AB3<br>LEI: 254900IWII23Q41Y2V47 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250968.05    | 0.35%             | 2055-08-25      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                         | JPMBB Commercial Mortgage Securities Trust 2015-C32           | CUSIP: 46590JAY3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    278235 | PA      | $22.37        | 0.00%             | 2048-11-15      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                             | Flagship Credit Auto Trust 2024-1                             | CUSIP: 33843VAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1000438.70   | 1.38%             | 2030-04-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                       | COLT 2021-HX1 Mortgage Loan Trust                             | CUSIP: 19688KAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1350000 | PA      | $1043395.97   | 1.44%             | 2066-10-25      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                               | CUSIP: 3140XFEM9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1157290 | PA      | $1000937.35   | 1.38%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae REMICS                                             | CUSIP: 3136BN6P6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    962251 | PA      | $948409.28    | 1.31%             | 2052-10-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Gold Pool                                         | CUSIP: 3132XCR31<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     99175 | PA      | $94147.28     | 0.13%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-23

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

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

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