# EDGAR Filing Document

**Accession Number:** 0001329377
**File Stem:** 0000940400-25-009825
**Filing Date:** 2025-11
**Character Count:** 160436
**Document Hash:** a3640c074c61d3c46f6037e3b1880575
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009825.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009825

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST EXCHANGE-TRADED FUND
- **CENTRAL INDEX KEY:** 0001329377

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21774
- **FILM NUMBER:** 251513245

**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 Indxx Aerospace & Defense ETF (Series ID: S000077603)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000238091 | First Trust Indxx Aerospace & Defense ETF | MISL            |

## Nport-Ex

**First Trust Dow Jones Select MicroCap Index Fund (FDM)**

**Portfolio of Investments**

**September 30, 2025 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** |
|  | **Aerospace & Defense — 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16322 | National Presto Industries, Inc. | $1830512 |
|  | **Automobile Components —** <br> **2.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 366054 | &nbsp;&nbsp;&nbsp; American Axle & Manufacturing <br> Holdings, Inc. (a) | 2199984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64437 | Standard Motor Products, Inc. | 2630318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12459 | Strattec Security Corp. (a) | 847960 |
|  |  | 5678262 |
|  | **Banks — 29.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66976 | Bridgewater Bancshares, Inc. (a) | 1178778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91319 | Business First Bancshares, Inc. | 2156042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9389 | C&F Financial Corp. | 630941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69215 | California BanCorp (a) | 1154506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52195 | Camden National Corp. | 2014205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35299 | Capital Bancorp, Inc. | 1126038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42645 | Capital City Bank Group, Inc. | 1782135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69932 | Carter Bankshares, Inc. (a) | 1357380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83231 | Central Pacific Financial Corp. | 2525229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42613 | &nbsp;&nbsp;&nbsp; ChoiceOne Financial Services, <br> Inc. | 1234072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59577 | Civista Bancshares, Inc. | 1210009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90141 | CNB Financial Corp.  | 2181412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52524 | Community West Bancshares | 1094600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47427 | Equity Bancshares, Inc., Class A | 1930279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116133 | Farmers National Banc Corp. | 1673476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25675 | &nbsp;&nbsp;&nbsp; First Business Financial <br> Services, Inc. | 1316100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36558 | First Financial Corp. | 2063333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23683 | First Western Financial, Inc. (a) | 545301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12982 | &nbsp;&nbsp;&nbsp; Franklin Financial Services <br> Corp. | 597172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25859 | Great Southern Bancorp, Inc. | 1583864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92134 | Hanmi Financial Corp. | 2274788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21242 | Home Bancorp, Inc. | 1153972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41655 | HomeTrust Bancshares, Inc. | 1705356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136033 | Horizon Bancorp, Inc. | 2177888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177294 | Kearny Financial Corp.  | 1164822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103198 | NB Bancorp, Inc. | 1821445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112211 | Northfield Bancorp, Inc. | 1324090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31803 | Northpointe Bancshares, Inc. | 543195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68149 | Northrim BanCorp, Inc. | 1476107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35818 | OP Bancorp | 498587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32153 | Orange County Bancorp, Inc. | 810577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60126 | Orrstown Financial Services, Inc. | 2043081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49168 | &nbsp;&nbsp;&nbsp; Peapack-Gladstone Financial <br> Corp. | 1357037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28366 | Peoples Financial Services Corp. | 1378871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38848 | RBB Bancorp | 728788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64620 | Riverview Bancorp, Inc. | 347009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94838 | Shore Bancshares, Inc. | 1556292 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Banks (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45153 | SmartFinancial, Inc. | $1613317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37566 | South Plains Financial, Inc. | 1451926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29278 | Southern Missouri Bancorp, Inc. | 1538852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38910 | Third Coast Bancshares, Inc. (a) | 1477413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58152 | TrustCo Bank Corp. | 2110918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49939 | &nbsp;&nbsp;&nbsp; Western New England Bancorp, <br> Inc. | 599767 |
|  |  | 60508970 |
|  | **Biotechnology — 3.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 401891 | CytomX Therapeutics, Inc. (a) | 1282032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119646 | Puma Biotechnology, Inc. (a) | 635320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55332 | Rigel Pharmaceuticals, Inc. (a) | 1567556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152134 | Stoke Therapeutics, Inc. (a) (b) | 3575149 |
|  |  | 7060057 |
|  | **Building Products — 1.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59876 | Insteel Industries, Inc. | 2295646 |
|  | **Capital Markets — 0.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7818 | &nbsp;&nbsp;&nbsp; Diamond Hill Investment Group, <br> Inc. | 1094598 |
|  | **Chemicals — 1.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42160 | Flotek Industries, Inc. (a) | 615536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60820 | Koppers Holdings, Inc. | 1702960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173211 | Orion S.A. | 1312939 |
|  |  | 3631435 |
|  | **Commercial Services &** <br> **Supplies — 1.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138461 | Deluxe Corp. | 2680605 |
|  | **Communications Equipment** <br> **— 0.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11519 | BK Technologies Corp. (a) | 973125 |
|  | **Construction & Engineering** <br> **— 2.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94208 | Ameresco, Inc., Class A (a) | 3163505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29781 | NWPX Infrastructure, Inc. (a) | 1576308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116446 | Orion Group Holdings, Inc. (a) | 968831 |
|  |  | 5708644 |
|  | **Consumer Finance — 2.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114828 | NerdWallet, Inc., Class A (a) | 1235549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87479 | OppFi, Inc. | 991137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120535 | PRA Group, Inc. (a) | 1861061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27507 | Regional Management Corp. | 1071673 |
|  |  | 5159420 |
|  | **Consumer Staples Distribution** <br> **& Retail — 0.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28859 | &nbsp;&nbsp;&nbsp; Village Super Market, Inc., <br> Class A | 1078172 |

---

------

**First Trust Dow Jones Select MicroCap Index Fund (FDM)**

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Distributors — 1.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60771 | A-Mark Precious Metals, Inc. | $1572146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81236 | &nbsp;&nbsp;&nbsp; GigaCloud Technology, Inc., <br> Class A (a) (b) | 2307102 |
|  |  | 3879248 |
|  | **Diversified Consumer Services** <br> **— 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55733 | &nbsp;&nbsp;&nbsp; American Public Education, <br> Inc. (a) | 2199782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48425 | Carriage Services, Inc. | 2156849 |
|  |  | 4356631 |
|  | **Diversified Telecommunication** <br> **Services — 0.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10249 | GCI Liberty, Inc., Class A (a) | 384901 |
|  | **Electric Utilities — 0.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65131 | Genie Energy Ltd., Class B | 973708 |
|  | **Electrical Equipment — 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6462 | Espey Mfg. & Electronics Corp. | 255960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92556 | LSI Industries, Inc. | 2185247 |
|  |  | 2441207 |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 2.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12579 | Climb Global Solutions, Inc. | 1696152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21006 | Frequency Electronics, Inc. (a) | 712314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75207 | Kimball Electronics, Inc. (a) | 2245681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8028 | M-Tron Industries, Inc. (a) | 445393 |
|  |  | 5099540 |
|  | **Energy Equipment & Services** <br> **— 3.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100901 | &nbsp;&nbsp;&nbsp; Aris Water Solutions, Inc., <br> Class A | 2488219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38010 | &nbsp;&nbsp;&nbsp; Energy Services of America <br> Corp. | 393404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61927 | Flowco Holdings, Inc., Class A | 919616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33660 | Natural Gas Services Group, Inc. | 942143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43798 | &nbsp;&nbsp;&nbsp; Ranger Energy Services, Inc., <br> Class A | 614924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 411142 | TETRA Technologies, Inc. (a) | 2364066 |
|  |  | 7722372 |
|  | **Financial Services — 2.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78342 | Alerus Financial Corp. | 1734492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36284 | Cass Information Systems, Inc. | 1427050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16405 | &nbsp;&nbsp;&nbsp; Finance Of America Cos., Inc., <br> Class A (a) | 367964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76326 | NewtekOne, Inc. (b) | 873932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19630 | Onity Group, Inc. (a) | 784415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29644 | Velocity Financial, Inc. (a) | 537742 |
|  |  | 5725595 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Food Products — 1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28260 | John B Sanfilippo & Son, Inc. | $1816553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15211 | Seneca Foods Corp., Class A (a) | 1641875 |
|  |  | 3458428 |
|  | **Health Care Equipment &** <br> **Supplies — 0.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5633 | Pro-Dex, Inc. (a) | 190677 |
|  | **Health Care Providers &** <br> **Services — 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11138 | Nutex Health, Inc. (a) | 1150778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104093 | Viemed Healthcare, Inc. (a) | 706792 |
|  |  | 1857570 |
|  | **Hotels, Restaurants & Leisure** <br> **— 1.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8075 | Nathan's Famous, Inc. | 894225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 221815 | Portillo's, Inc., Class A (a) (b) | 1430707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80280 | Potbelly Corp. (a) | 1367971 |
|  |  | 3692903 |
|  | **Household Durables — 1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149855 | Cricut, Inc., Class A | 942588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14073 | &nbsp;&nbsp;&nbsp; Hovnanian Enterprises, Inc., <br> Class A (a) | 1808240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27980 | Legacy Housing Corp. (a) | 769730 |
|  |  | 3520558 |
|  | **Household Products — 1.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25005 | Central Garden & Pet Co. (a) | 816413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31983 | Oil-Dri Corp. of America | 1952243 |
|  |  | 2768656 |
|  | **Industrial REITs — 1.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137440 | Plymouth Industrial REIT, Inc. | 3069035 |
|  | **Insurance — 4.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76719 | &nbsp;&nbsp;&nbsp; American Coastal Insurance <br> Corp. | 873829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21131 | &nbsp;&nbsp;&nbsp; American Integrity Insurance <br> Group, Inc. (a) | 471433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51526 | Donegal Group, Inc., Class A | 999089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68756 | &nbsp;&nbsp;&nbsp; Heritage Insurance Holdings, <br> Inc. (a) | 1731276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4834 | Investors Title Co. | 1294690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36206 | Kingstone Cos, Inc. | 532228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67628 | United Fire Group, Inc. | 2057244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78623 | &nbsp;&nbsp;&nbsp; Universal Insurance Holdings, <br> Inc. | 2067785 |
|  |  | 10027574 |
|  | **Interactive Media & Services** <br> **— 0.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36606 | &nbsp;&nbsp;&nbsp; Arena Group Holdings (The), <br> Inc. (a) | 200235 |
|  | **Leisure Products — 0.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136687 | Smith & Wesson Brands, Inc. | 1343633 |

---

------

**First Trust Dow Jones Select MicroCap Index Fund (FDM)**

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Machinery — 2.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71077 | Douglas Dynamics, Inc. | $2221867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82562 | Luxfer Holdings PLC | 1147612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109384 | Manitowoc (The) Co., Inc. (a) | 1094934 |
|  |  | 4464413 |
|  | **Marine Transportation —** <br> **1.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116617 | Genco Shipping & Trading Ltd. | 2075783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104654 | Pangaea Logistics Solutions Ltd. | 531642 |
|  |  | 2607425 |
|  | **Media — 2.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 208046 | &nbsp;&nbsp;&nbsp; EW Scripps (The) Co., <br> Class A (a) | 511793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 382320 | Gannett Co., Inc. (a) | 1578982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256287 | Gray Media, Inc. | 1481339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121695 | Sinclair, Inc. | 1837594 |
|  |  | 5409708 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 2.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106105 | Amplify Energy Corp. (a) | 557051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59201 | Epsilon Energy Ltd. | 298373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2050 | &nbsp;&nbsp;&nbsp; PrimeEnergy Resources <br> Corp. (a) | 342412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31278 | Riley Exploration Permian, Inc. | 847947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97360 | SandRidge Energy, Inc. | 1098221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 321615 | VAALCO Energy, Inc. | 1292892 |
|  |  | 4436896 |
|  | **Passenger Airlines — 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164469 | &nbsp;&nbsp;&nbsp; Sun Country Airlines Holdings, <br> Inc. (a) | 1942379 |
|  | **Personal Care Products —** <br> **0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44067 | &nbsp;&nbsp;&nbsp; Nature's Sunshine Products, <br> Inc. (a) | 683920 |
|  | **Pharmaceuticals — 0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128116 | SIGA Technologies, Inc. | 1172261 |
|  | **Professional Services — 1.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55454 | Mistras Group, Inc. (a) | 545667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14860 | RCM Technologies, Inc. (a) | 394533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11309 | &nbsp;&nbsp;&nbsp; Resolute Holdings Management, <br> Inc. (a) (b) | 815944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52109 | TaskUS, Inc, Class A (a) | 930146 |
|  |  | 2686290 |
|  | **Real Estate Management &** <br> **Development — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61788 | &nbsp;&nbsp;&nbsp; RE/MAX Holdings, Inc., <br> Class A (a) | 582661 |
|  | **Retail REITs — 0.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138495 | Whitestone REIT | 1700719 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Software — 1.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58540 | &nbsp;&nbsp;&nbsp; Consensus Cloud Solutions, <br> Inc. (a) | $1719320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118225 | OneSpan, Inc. | 1878595 |
|  |  | 3597915 |
|  | **Specialty Retail — 3.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24259 | America's Car-Mart, Inc. (a) | 708605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166144 | Arhaus, Inc. (a) | 1766111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37780 | Build-A-Bear Workshop, Inc. | 2463634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92803 | ODP (The) Corp. (a) | 2584564 |
|  |  | 7522914 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 1.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19235 | CPI Card Group, Inc. (a) | 291218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182404 | Eastman Kodak Co. (a) | 1169210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83945 | Immersion Corp. | 616156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43381 | Turtle Beach Corp. (a) | 689758 |
|  |  | 2766342 |
|  | **Textiles, Apparel & Luxury** <br> **Goods — 0.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48675 | Movado Group, Inc. | 923365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23037 | Rocky Brands, Inc. | 686272 |
|  |  | 1609637 |
|  | **Trading Companies &** <br> **Distributors — 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118542 | Hudson Technologies, Inc. (a) | 1177122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26653 | Karat Packaging, Inc. | 671922 |
|  |  | 1849044 |
|  | **Water Utilities — 0.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46184 | Consolidated Water Co., Ltd. | 1629372 |
|  | **Wireless Telecommunication** <br> **Services — 0.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63519 | Spok Holdings, Inc. | 1095703 |
|  | **Total Common Stocks** | 204169516 |
|  | (Cost $186,827,982) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199521 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (c) | 199521 |
|  | (Cost $199,521) |  |

---

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

------

**First Trust Dow Jones Select MicroCap Index Fund (FDM)**

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 1.5%** | **REPURCHASE AGREEMENTS — 1.5%** | **REPURCHASE AGREEMENTS — 1.5%** |
| $612194 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 4.20% (c), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $612,265. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $624,438. (d) | $612194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 895958 | &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., <br> 4.20% (c), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $896,063. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $913,877. (d) | 895958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 537163 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 4.20% (c), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $537,226. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $547,906. (d) | 537163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 963604 | &nbsp;&nbsp;&nbsp; RBC Dominion Securities, Inc., <br> 4.19% (c), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $963,716. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $982,876. (d) | 963604 |
|  | **Total Repurchase Agreements** | 3008919 |
|  | (Cost $3,008,919) |  |
|  | **Total Investments — 101.5%** | 207377956 |
|  | (Cost $190,036,422) |  |
|  | **Net Other Assets and** <br> **Liabilities — (1.5)%** | (3070349)<br>|
|  | **Net Assets — 100.0%** | $204307607 |

---

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(b) All or a portion of this security is on loan for securities lending. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $2,857,125 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $3,008,919.

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

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

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

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

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $204169516 | $204169516 | $— | $— |
| Money Market Funds | &nbsp;&nbsp; 199521 | &nbsp;&nbsp; 199521 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| &nbsp;&nbsp; 3008919 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3008919 | &nbsp;&nbsp; — |
| Total Investments | $207377956 | $204369037 | $3008919 | $— |

---

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

\* See Portfolio of Investments for industry breakout.

------

**First Trust Morningstar Dividend Leaders Index Fund (FDL)**

**Portfolio of Investments**

**September 30, 2025 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.7%** | **COMMON STOCKS — 99.7%** | **COMMON STOCKS — 99.7%** |
|  | **Air Freight & Logistics —** <br> **3.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2112424 | &nbsp;&nbsp;&nbsp; United Parcel Service, Inc., <br> Class B | $176450777 |
|  | **Automobiles — 1.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7505328 | Ford Motor Co. | 89763723 |
|  | **Banks — 9.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211600 | Associated Banc-Corp. | 5440236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187279 | Atlantic Union Bankshares Corp. | 6609076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126149 | Bank OZK | 6431076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195159 | Cadence Bank | 7326269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531306 | Citizens Financial Group, Inc. | 28244227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398155 | Columbia Banking System, Inc. | 10248510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194847 | Comerica, Inc. | 13350916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 805725 | Fifth Third Bancorp | 35895049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178657 | First BanCorp | 3939387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180453 | First Hawaiian, Inc. | 4480648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250149 | Fulton Financial Corp. | 4660276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1877483 | Huntington Bancshares, Inc. | 32424131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500678 | KeyCorp | 28047672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 488453 | &nbsp;&nbsp;&nbsp; PNC Financial Services Group <br> (The), Inc. | 98144861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1180712 | Regions Financial Corp. | 31135375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2167798 | Truist Financial Corp. | 99111724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2378002 | U.S. Bancorp | 114928837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202151 | United Bankshares, Inc. | 7522039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 682191 | Valley National Bancorp | 7231225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166086 | Zions Bancorp N.A. | 9397146 |
|  |  | 554568680 |
|  | **Beverages — 5.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2046361 | PepsiCo, Inc. | 287390939 |
|  | **Capital Markets — 1.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 547580 | Franklin Resources, Inc. | 12665525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 485029 | Invesco Ltd. | 11126565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158935 | Janus Henderson Group PLC | 7074197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116574 | Lazard, Inc. | 6152776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 387944 | T. Rowe Price Group, Inc. | 39818572 |
|  |  | 76837635 |
|  | **Chemicals — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206692 | Eastman Chemical Co. | 13031930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 261263 | FMC Corp. | 8786275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68427 | Scotts Miracle-Gro (The) Co. | 3896918 |
|  |  | 25715123 |
|  | **Consumer Finance — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302838 | OneMain Holdings, Inc. | 17098233 |
|  | **Consumer Staples Distribution** <br> **& Retail — 1.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 842078 | Target Corp. | 75534397 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Containers & Packaging —** <br> **1.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5268843 | Amcor PLC | $43099136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 709352 | Smurfit WestRock PLC | 30197114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166766 | Sonoco Products Co. | 7185947 |
|  |  | 80482197 |
|  | **Diversified Telecommunication** <br> **Services — 7.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9818781 | Verizon Communications, Inc. | 431535425 |
|  | **Electric Utilities — 5.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98576 | ALLETE, Inc. | 6545446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 663224 | &nbsp;&nbsp;&nbsp; American Electric Power Co., <br> Inc. | 74612700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 886721 | Edison International | 49017937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 322308 | Evergy, Inc. | 24501854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 625689 | Eversource Energy | 44511516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1397700 | Exelon Corp. | 62910477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 789234 | FirstEnergy Corp. | 36162702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 289072 | OGE Energy Corp. | 13375361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180869 | Pinnacle West Capital Corp. | 16216715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203245 | Portland General Electric Co. | 8942780 |
|  |  | 336797488 |
|  | **Financial Services — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 267618 | &nbsp;&nbsp;&nbsp; HA Sustainable Infrastructure <br> Capital, Inc. | 8215873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1320669 | Western Union (The) Co. | 10552145 |
|  |  | 18768018 |
|  | **Food Products — 3.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 552522 | Archer-Daniels-Midland Co. | 33007664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340572 | Campbell's (The) Co. | 10755264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1277489 | Conagra Brands, Inc. | 23390823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 494173 | Flowers Foods, Inc. | 6448958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 991405 | General Mills, Inc. | 49986640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 490469 | Hormel Foods Corp. | 12134203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153895 | J.M. Smucker (The) Co. | 16712997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1926297 | Kraft Heinz (The) Co. | 50160774 |
|  |  | 202597323 |
|  | **Gas Utilities — 0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140618 | New Jersey Resources Corp. | 6770757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76474 | ONE Gas, Inc. | 6189805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90181 | Spire, Inc. | 7351555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 349704 | UGI Corp. | 11631155 |
|  |  | 31943272 |
|  | **Health Care Providers &** <br> **Services — 2.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1781061 | CVS Health Corp. | 134274189 |
|  | **Hotels, Restaurants & Leisure** <br> **— 0.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84566 | Travel + Leisure Co. | 5030831 |
|  | **Household Durables — 0.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77848 | Whirlpool Corp. | 6118853 |

---

------

**First Trust Morningstar Dividend Leaders Index Fund (FDL)**

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Household Products — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181800 | Clorox (The) Co. | $22415940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81133 | &nbsp;&nbsp;&nbsp; Reynolds Consumer Products, <br> Inc. | 1985325 |
|  |  | 24401265 |
|  | **Independent Power and** <br> **Renewable Electricity** <br>**Producers — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1460837 | AES (The) Corp. | 19224615 |
|  | **Insurance — 2.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 317061 | Fidelity National Financial, Inc. | 19179020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116538 | First American Financial Corp. | 7486401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270845 | Lincoln National Corp. | 10923179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 317801 | Principal Financial Group, Inc. | 26348881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 675333 | Prudential Financial, Inc. | 70059045 |
|  |  | 133996526 |
|  | **Leisure Products — 0.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172230 | Hasbro, Inc. | 13063646 |
|  | **Machinery — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237990 | Stanley Black & Decker, Inc. | 17689797 |
|  | **Media — 3.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5382421 | Comcast Corp., Class A | 169115668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 671967 | &nbsp;&nbsp;&nbsp; Interpublic Group of (The) Cos., <br> Inc. | 18754599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36287 | Nexstar Media Group, Inc. | 7175391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258061 | Omnicom Group, Inc. | 21039713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312734 | Sirius XM Holdings, Inc. | 7278884 |
|  |  | 223364255 |
|  | **Multi-Utilities — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161742 | Avista Corp. | 6115465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123995 | Black Hills Corp. | 7636852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100061 | &nbsp;&nbsp;&nbsp; Northwestern Energy Group, <br> Inc. | 5864575 |
|  |  | 19616892 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 26.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 601187 | APA Corp. | 14596820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3135458 | Chevron Corp. | 486905273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1585473 | ConocoPhillips | 149969891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1040060 | Coterra Energy, Inc. | 24597419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 672154 | EOG Resources, Inc. | 75361906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5198278 | Exxon Mobil Corp. | 586105845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3231901 | Kinder Morgan, Inc. | 91495117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254048 | Murphy Oil Corp. | 7217504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1334166 | ONEOK, Inc. | 97354093 |
|  |  | 1533603868 |
|  | **Pharmaceuticals — 14.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4020724 | Bristol-Myers Squibb Co. | 181334652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3489951 | Merck & Co., Inc. | 292911587 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Pharmaceuticals (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248940 | Perrigo Co. PLC | $5543894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14779947 | Pfizer, Inc. | 376593050 |
|  |  | 856383183 |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219005 | Skyworks Solutions, Inc. | 16859005 |
|  | **Specialty Retail — 0.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 355685 | Best Buy Co., Inc. | 26896900 |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 0.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1381746 | HP, Inc. | 37624944 |
|  | **Tobacco — 4.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3879325 | Altria Group, Inc. | 256268209 |
|  | **Trading Companies &** <br> **Distributors — 0.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54129 | &nbsp;&nbsp;&nbsp; MSC Industrial Direct Co., Inc., <br> Class A | 4987446 |
|  | **Total Common Stocks** | 5734887654 |
|  | (Cost $5,407,886,851) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5620518 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (a) | 5620518 |
|  | (Cost $5,620,518) |  |
|  | **Total Investments — 99.8%** | 5740508172 |
|  | (Cost $5,413,507,369) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.2%** | 8837626 |
|  | **Net Assets — 100.0%** | $5749345798 |

---

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

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

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $5734887654 | $5734887654 | $— | $— |
| &nbsp;&nbsp; Money Market <br> Funds<br>| &nbsp;&nbsp; 5620518 | &nbsp;&nbsp; 5620518 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $5740508172 | $5740508172 | $— | $— |

---

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

\* See Portfolio of Investments for industry breakout.

------

**First Trust US Equity Opportunities ETF (FPX)**

**Portfolio of Investments**

**September 30, 2025 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 100.0%** | **COMMON STOCKS — 100.0%** | **COMMON STOCKS — 100.0%** |
|  | **Aerospace & Defense — 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94779 | Karman Holdings, Inc. (a) | $6843044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69315 | Leonardo DRS, Inc. | 3146901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24385 | Loar Holdings, Inc. (a) | 1950800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87117 | StandardAero, Inc. (a) | 2377423 |
|  |  | 14318168 |
|  | **Automobiles — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316054 | &nbsp;&nbsp;&nbsp; Rivian Automotive, Inc., <br> Class A (a) (b) | 4639673 |
|  | **Banks — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27088 | Nicolet Bankshares, Inc. | 3643336 |
|  | **Beverages — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74001 | Vita Coco (The) Co., Inc. (a) | 3142822 |
|  | **Biotechnology — 0.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149377 | Bridgebio Pharma, Inc. (a) | 7758641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27363 | Metsera, Inc. (a) (b) | 1431906 |
|  |  | 9190547 |
|  | **Building Products — 1.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37672 | Trane Technologies PLC | 15896077 |
|  | **Capital Markets — 4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20690 | &nbsp;&nbsp;&nbsp; Miami International Holdings, <br> Inc. (a) | 832979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254613 | &nbsp;&nbsp;&nbsp; Robinhood Markets, Inc., <br> Class A (a) | 36455489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162395 | TPG, Inc. | 9329593 |
|  |  | 46618061 |
|  | **Commercial Services &** <br> **Supplies — 0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64637 | Veralto Corp. | 6890951 |
|  | **Communications Equipment** <br> **— 0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34436 | Extreme Networks, Inc. (a) | 711104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36413 | Lumentum Holdings, Inc. (a) | 5924759 |
|  |  | 6635863 |
|  | **Construction & Engineering** <br> **— 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115449 | Centuri Holdings, Inc. (a) | 2444055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13285 | &nbsp;&nbsp;&nbsp; Everus Construction Group, <br> Inc. (a) | 1139189 |
|  |  | 3583244 |
|  | **Construction Materials —** <br> **0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147650 | Amrize Ltd. (a) (b) | 7165454 |
|  | **Consumer Finance — 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10548 | Dave, Inc. (a) | 2102744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6515 | Enova International, Inc. (a) | 749811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 421053 | SoFi Technologies, Inc. (a) | 11124220 |
|  |  | 13976775 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Consumer Staples Distribution** <br> **& Retail — 0.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68616 | Maplebear, Inc. (a) | $2522324 |
|  | **Diversified Consumer Services** <br> **— 0.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27450 | Duolingo, Inc. (a) | 8834508 |
|  | **Diversified Telecommunication** <br> **Services — 1.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350177 | AST SpaceMobile, Inc. (a) (b) | 17186687 |
|  | **Electric Utilities — 7.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150535 | Constellation Energy Corp. | 49536553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116273 | Entergy Corp. | 10835481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113358 | NRG Energy, Inc. | 18358328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57670 | Oklo, Inc. (a) (b) | 6437702 |
|  |  | 85168064 |
|  | **Electrical Equipment — 10.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178686 | GE Vernova, Inc. | 109874021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126757 | NEXTracker, Inc., Class A (a) | 9378751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74200 | NuScale Power Corp. (a) (b) | 2671200 |
|  |  | 121923972 |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 0.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11908 | Itron, Inc. (a) | 1483260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29364 | Ralliant Corp. | 1284088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12213 | Teledyne Technologies, Inc. (a) | 7157307 |
|  |  | 9924655 |
|  | **Entertainment — 7.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74897 | &nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty <br> Formula One, Class C (a) | 7822992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119661 | &nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty <br> Live, Class C (a) | 11603527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315989 | ROBLOX Corp., Class A (a) | 43770796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1128481 | Warner Bros. Discovery, Inc. (a) | 22039234 |
|  |  | 85236549 |
|  | **Financial Services — 3.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 429338 | Corebridge Financial, Inc. | 13760283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115259 | Enact Holdings, Inc. | 4419030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36283 | Jackson Financial, Inc., Class A | 3672928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83339 | Mr. Cooper Group, Inc. | 17567028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19166 | NCR Atleos Corp. (a) | 753415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151850 | Toast, Inc., Class A (a) | 5544044 |
|  |  | 45716728 |
|  | **Food Products — 0.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286695 | Smithfield Foods, Inc. | 6731599 |
|  | **Health Care Equipment &** <br> **Supplies — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142701 | &nbsp;&nbsp;&nbsp; GE HealthCare Technologies, <br> Inc. | 10716845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169354 | Solventum Corp. (a) | 12362842 |
|  |  | 23079687 |

---

------

**First Trust US Equity Opportunities ETF (FPX)**

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Health Care Providers &** <br> **Services — 3.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51580 | Alignment Healthcare, Inc. (a) | $900071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138422 | &nbsp;&nbsp;&nbsp; BrightSpring Health Services, <br> Inc. (a) | 4091754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50498 | Cencora, Inc. | 15782140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95900 | Privia Health Group, Inc. (a) | 2387910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69036 | Tenet Healthcare Corp. (a) | 14017070 |
|  |  | 37178945 |
|  | **Health Care REITs — 1.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189137 | American Healthcare REIT, Inc. | 7945645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57380 | CareTrust REIT, Inc. | 1989938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171641 | Ventas, Inc. | 12013154 |
|  |  | 21948737 |
|  | **Health Care Technology —** <br> **1.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158550 | Doximity, Inc., Class A (a) | 11597933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45383 | Waystar Holding Corp. (a) | 1720923 |
|  |  | 13318856 |
|  | **Hotels, Restaurants & Leisure** <br> **— 4.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37961 | Darden Restaurants, Inc. | 7226256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143480 | DoorDash, Inc., Class A (a) | 39025125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74989 | Dutch Bros, Inc., Class A (a) | 3924924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114602 | &nbsp;&nbsp;&nbsp; Life Time Group Holdings, <br> Inc. (a) | 3163015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16909 | Travel + Leisure Co. | 1005917 |
|  |  | 54345237 |
|  | **Insurance — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129490 | &nbsp;&nbsp;&nbsp; Hamilton Insurance Group Ltd., <br> Class B (a) | 3211352 |
|  | **Interactive Media & Services** <br> **— 1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85308 | Reddit, Inc., Class A (a) | 19619987 |
|  | **IT Services — 7.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152706 | CoreWeave, Inc., Class A (a) | 20897816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157707 | &nbsp;&nbsp;&nbsp; International Business Machines <br> Corp. | 44498607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75008 | Snowflake, Inc. (a) | 16918055 |
|  |  | 82314478 |
|  | **Life Sciences Tools & Services** <br> **— 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45250 | Tempus AI, Inc. (a) (b) | 3652127 |
|  | **Machinery — 1.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21398 | &nbsp;&nbsp;&nbsp; Atmus Filtration Technologies, <br> Inc. | 964836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74944 | Crane Co. | 13800188 |
|  |  | 14765024 |
|  | **Media — 0.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37090 | Magnite, Inc. (a) | 807820 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Mortgage REITs — 0.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138121 | Rithm Capital Corp. | $1573198 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 1.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26184 | CVR Energy, Inc. (a) | 955192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158766 | DT Midstream, Inc. | 17950084 |
|  |  | 18905276 |
|  | **Personal Care Products —** <br> **0.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374885 | Kenvue, Inc. | 6084384 |
|  | **Pharmaceuticals — 0.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5104 | Ligand Pharmaceuticals, Inc. (a) | 904123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189869 | Royalty Pharma PLC, Class A | 6698578 |
|  |  | 7602701 |
|  | **Professional Services — 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 234741 | Legalzoom.com, Inc. (a) | 2436612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117726 | UL Solutions, Inc., Class A | 8342064 |
|  |  | 10778676 |
|  | **Real Estate Management &** <br> **Development — 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165518 | CoStar Group, Inc. (a) | 13964754 |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 1.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48196 | Allegro MicroSystems, Inc. (a) | 1407323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21647 | Astera Labs, Inc. (a) | 4238482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81106 | &nbsp;&nbsp;&nbsp; Credo Technology Group <br> Holding Ltd. (a) | 11809845 |
|  |  | 17455650 |
|  | **Software — 21.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154178 | AppLovin Corp., Class A (a) | 110783060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35950 | &nbsp;&nbsp;&nbsp; CrowdStrike Holdings, Inc., <br> Class A (a) | 17629161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79726 | Klaviyo, Inc., Class A (a) | 2207613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70695 | Life360, Inc. (a) (b) | 7514878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 339849 | &nbsp;&nbsp;&nbsp; Palantir Technologies, Inc., <br> Class A (a) | 61995255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82833 | Rubrik, Inc., Class A (a) | 6813014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144983 | SailPoint, Inc. (a) (b) | 3201225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 724735 | Samsara, Inc., Class A (a) | 26996379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47233 | ServiceTitan, Inc., Class A (a) | 4762503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110050 | Unity Software, Inc. (a) | 4406402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20711 | &nbsp;&nbsp;&nbsp; Via Transportation, Inc., <br> Class A (a) | 995785 |
|  |  | 247305275 |
|  | **Specialized REITs — 1.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129713 | Millrose Properties, Inc. | 4359654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 388849 | VICI Properties, Inc. | 12680366 |
|  |  | 17040020 |

---

------

**First Trust US Equity Opportunities ETF (FPX)**

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Technology Hardware, Storage** <br> **& Peripherals — 2.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133329 | CompoSecure, Inc., Class A (a) | $2775910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56965 | Sandisk Corp. (a) | 6391473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77658 | &nbsp;&nbsp;&nbsp; Seagate Technology <br> Holdings PLC | 18331947 |
|  |  | 27499330 |
|  | **Total Common Stocks** | 1161397571 |
|  | (Cost $698,305,894) |  |
| **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 537470 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (c) | 537470 |
|  | (Cost $537,470) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 2.3%** | **REPURCHASE AGREEMENTS — 2.3%** | **REPURCHASE AGREEMENTS — 2.3%** |
| $5447550 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 4.20% (c), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $5,448,186. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $5,556,501. (d) | 5447550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7972611 | &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., <br> 4.20% (c), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $7,973,541. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $8,132,063. (d) | 7972611 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| $4779887 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 4.20% (c), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $4,780,445. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $4,875,486. (d) | $4779887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8574550 | &nbsp;&nbsp;&nbsp; RBC Dominion Securities, Inc., <br> 4.19% (c), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $8,575,548. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $8,746,041. (d) | 8574550 |
|  | **Total Repurchase Agreements** | 26774598 |
|  | (Cost $26,774,598) |  |
|  | **Total Investments — 102.3%** | 1188709639 |
|  | (Cost $725,617,962) |  |
|  | **Net Other Assets and** <br> **Liabilities — (2.3)%** | (26808338)<br>|
|  | **Net Assets — 100.0%** | $1161901301 |

---

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(b) All or a portion of this security is on loan for securities lending. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $26,027,936 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $26,774,598.

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

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

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

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

------

**First Trust US Equity Opportunities ETF (FPX)**

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| &nbsp;&nbsp; Common <br> Stocks\*<br>| $1161397571 | $1161397571 | $— | $— |
| &nbsp;&nbsp; Money Market <br> Funds<br>| &nbsp;&nbsp; 537470 | &nbsp;&nbsp; 537470 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| &nbsp;&nbsp; 26774598 | &nbsp;&nbsp; — | &nbsp;&nbsp; 26774598 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Total <br> Investments<br>| $1188709639 | $1161935041 | $26774598 | $— |

---

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

\* See Portfolio of Investments for industry breakout.

------

**First Trust NYSE**<sup>®</sup> **Arca**<sup>®</sup> **Biotechnology Index Fund (FBT)**

**Portfolio of Investments**

**September 30, 2025 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 100.0%** | **COMMON STOCKS — 100.0%** | **COMMON STOCKS — 100.0%** |
|  | **Biotechnology — 82.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1623168 | &nbsp;&nbsp;&nbsp; ACADIA Pharmaceuticals, <br> Inc. (a) | $34638405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1124640 | Alkermes PLC (a) | 33739200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108129 | &nbsp;&nbsp;&nbsp; Alnylam Pharmaceuticals, <br> Inc. (a) | 49306824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115333 | Amgen, Inc. | 32546973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60785 | Argenx SE, ADR (a) | 44832585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136053 | BeOne Medicines Ltd., ADR (a) | 46353257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253737 | Biogen, Inc. (a) | 35543479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 586129 | &nbsp;&nbsp;&nbsp; BioMarin Pharmaceutical, <br> Inc. (a) | 31744747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 301656 | BioNTech SE, ADR (a) (b) | 29749315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 656022 | Exact Sciences Corp. (a) | 35890964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759119 | Exelixis, Inc. (a) | 31351615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1591311 | Genmab A/S, ADR (a) (b) | 48805508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310599 | Gilead Sciences, Inc. | 34476489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595872 | Halozyme Therapeutics, Inc. (a) | 43701252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 496487 | Incyte Corp. (a) | 42107062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229831 | Krystal Biotech, Inc. (a) | 40572066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1012308 | Moderna, Inc. (a) | 26147916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212267 | Natera, Inc. (a) | 34168619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255163 | Neurocrine Biosciences, Inc. (a) | 35819782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59981 | Regeneron Pharmaceuticals, Inc. | 33725517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1874193 | Sarepta Therapeutics, Inc. (a) | 36115699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115234 | United Therapeutics Corp. (a) | 48307245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1257535 | Veracyte, Inc. (a) | 43171176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72634 | Vertex Pharmaceuticals, Inc. (a) | 28446380 |
|  |  | 901262075 |
|  | **Life Sciences Tools & Services** <br> **— 14.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 777668 | Bruker Corp. | 25266433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 343115 | Illumina, Inc. (a) | 32585631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27824 | &nbsp;&nbsp;&nbsp; Mettler-Toledo International, <br> Inc. (a) | 34157021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 261572 | Repligen Corp. (a) | 34964329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96495 | Waters Corp. (a) | 28930166 |
|  |  | 155903580 |
|  | **Pharmaceuticals — 3.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 473763 | Corcept Therapeutics, Inc. (a) | 39374443 |
|  | **Total Common Stocks** | 1096540098 |
|  | (Cost $990,957,797) |  |
| **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 467040 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (c) | 467040 |
|  | (Cost $467,040) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 5.0%** | **REPURCHASE AGREEMENTS — 5.0%** | **REPURCHASE AGREEMENTS — 5.0%** |
| $11141626 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 4.20% (c), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $11,142,926. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $11,364,459. (d) | $11141626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 16306019 | &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., <br> 4.20% (c), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $16,307,921. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $16,632,140. (d) | 16306019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9776078 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 4.20% (c), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $9,777,219. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $9,971,602. (d) | 9776078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 17537137 | &nbsp;&nbsp;&nbsp; RBC Dominion Securities, Inc., <br> 4.19% (c), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $17,539,178. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $17,887,880. (d) | 17537137 |
|  | **Total Repurchase Agreements** | 54760860 |
|  | (Cost $54,760,860) |  |
|  | **Total Investments — 105.0%** | 1151767998 |
|  | (Cost $1,046,185,697) |  |
|  | **Net Other Assets and** <br> **Liabilities — (5.0)%** | (55362309)<br>|
|  | **Net Assets — 100.0%** | $1096405689 |

---

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

------

**First Trust NYSE**<sup>®</sup> **Arca**<sup>®</sup> **Biotechnology Index Fund (FBT)**

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(b) All or a portion of this security is on loan for securities lending. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $55,085,144 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $54,760,860. On September 30, 2025, the last business day of the period, there was sufficient collateral based on the end of day market value from the prior business day; however, as a result of market movement from September 29 to September 30, the value of the related securities loaned was above the collateral value received.

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

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

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

Abbreviations throughout the Portfolio of Investments: <br> ADR – American Depositary Receipt

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| &nbsp;&nbsp; Common <br> Stocks\*<br>| $1096540098 | $1096540098 | $— | $— |
| &nbsp;&nbsp; Money Market <br> Funds<br>| &nbsp;&nbsp; 467040 | &nbsp;&nbsp; 467040 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| &nbsp;&nbsp; 54760860 | &nbsp;&nbsp; — | &nbsp;&nbsp; 54760860 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Total <br> Investments<br>| $1151767998 | $1097007138 | $54760860 | $— |

---

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

\* See Portfolio of Investments for industry breakout.

------

**First Trust Dow Jones Internet Index Fund (FDN)**

**Portfolio of Investments**

**September 30, 2025 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 100.0%** | **COMMON STOCKS — 100.0%** | **COMMON STOCKS — 100.0%** |
|  | **Broadline Retail — 11.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3403118 | Amazon.com, Inc. (a) | $747222619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1381153 | eBay, Inc. | 125615866 |
|  |  | 872838485 |
|  | **Commercial Services &** <br> **Supplies — 1.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2688500 | Copart, Inc. (a) | 120901845 |
|  | **Communications Equipment** <br> **— 11.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2340286 | Arista Networks, Inc. (a) | 341003073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 427243 | Ciena Corp. (a) | 62236488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5820177 | Cisco Systems, Inc. | 398216510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173621 | F5, Inc. (a) | 56112571 |
|  |  | 857568642 |
|  | **Diversified Consumer Services** <br> **— 0.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119963 | Duolingo, Inc. (a) | 38608892 |
|  | **Entertainment — 13.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 624537 | Netflix, Inc. (a) | 748769900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1949427 | ROBLOX Corp., Class A (a) | 270034628 |
|  |  | 1018804528 |
|  | **Financial Services — 2.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2887358 | PayPal Holdings, Inc. (a) | 193626227 |
|  | **Health Care Technology —** <br> **1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 454358 | Veeva Systems, Inc., Class A (a) | 135357792 |
|  | **Hotels, Restaurants & Leisure** <br> **— 12.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1296769 | Airbnb, Inc., Class A (a) | 157453692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64430 | Booking Holdings, Inc. | 347874966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1118725 | DoorDash, Inc., Class A (a) | 304282013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500422 | DraftKings, Inc., Class A (a) | 56115783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531235 | Flutter Entertainment PLC (a) | 134933690 |
|  |  | 1000660144 |
|  | **Interactive Media & Services** <br> **— 20.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1816603 | Alphabet, Inc., Class A | 441616189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1458341 | Alphabet, Inc., Class C | 355178950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1042370 | Meta Platforms, Inc., Class A | 765495681 |
|  |  | 1562290820 |
|  | **IT Services — 9.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 433345 | Akamai Technologies, Inc. (a) | 32830217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 945565 | Cloudflare, Inc., Class A (a) | 202908793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 660573 | CoreWeave, Inc., Class A (a) | 90399415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 418425 | GoDaddy, Inc., Class A (a) | 57253093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 505201 | Okta, Inc. (a) | 46326932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1008387 | Snowflake, Inc. (a) | 227441688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254068 | VeriSign, Inc. | 71029791 |
|  |  | 728189929 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Professional Services — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151320 | Paycom Software, Inc. | $31495745 |
|  | **Software — 13.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499392 | Atlassian Corp., Class A (a) | 79752902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 437653 | Box, Inc., Class A (a) | 14123062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 882275 | Confluent, Inc., Class A (a) | 17469045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 976989 | Datadog, Inc., Class A (a) | 139123234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610680 | Docusign, Inc. (a) | 44023921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 559349 | Dropbox, Inc., Class A (a) | 16897933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159254 | HubSpot, Inc. (a) | 74499021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1119602 | MARA Holdings, Inc. (a) (b) | 20443933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 810172 | Nutanix, Inc., Class A (a) | 60268695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1454136 | Salesforce, Inc. | 344630232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 652802 | Workday, Inc., Class A (a) | 157149025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 786621 | Zoom Communications, Inc. (a) | 64896233 |
|  |  | 1033277236 |
|  | **Specialty Retail — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 417319 | Carvana Co. (a) | 157429420 |
|  | **Total Common Stocks** | 7751049705 |
|  | (Cost $7,273,096,021) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4593531 | &nbsp;&nbsp;&nbsp; Morgan Stanley Institutional <br> Liquidity Funds - Treasury <br> Portfolio - Institutional Class - <br> 3.99% (c) | 4593531 |
|  | (Cost $4,593,531) |  |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS — 0.2%** | **REPURCHASE AGREEMENTS — 0.2%** | **REPURCHASE AGREEMENTS — 0.2%** |
| $3823076 | &nbsp;&nbsp;&nbsp; Bank of America Corp., <br> 4.20% (c), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $3,823,522. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.63%, due 11/15/41 to <br> 05/15/54. The value of the <br> collateral including accrued <br> interest is $3,899,538. (d) | 3823076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5595156 | &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., <br> 4.20% (c), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $5,595,809. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 4.13% to <br> 4.50%, due 12/31/31 to <br> 05/31/32. The value of the <br> collateral including accrued <br> interest is $5,707,059. (d) | 5595156 |

---

------

**First Trust Dow Jones Internet Index Fund (FDN)**

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Value** |
| **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** | **REPURCHASE AGREEMENTS (Continued)** |
| $3354513 | &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc., <br> 4.20% (c), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $3,354,904. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.75% to <br> 4.38%, due 05/31/26 to <br> 09/30/32. The value of the <br> collateral including accrued <br> interest is $3,421,604. (d) | $3354513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6017596 | &nbsp;&nbsp;&nbsp; RBC Dominion Securities, Inc., <br> 4.19% (c), dated 09/30/25, due <br> 10/01/25, with a maturity <br> value of $6,018,296. <br> Collateralized by <br> U.S. Treasury Securities, <br> interest rates of 0.00% to <br> 4.75%, due 10/23/25 to <br> 08/15/55. The value of the <br> collateral including accrued <br> interest is $6,137,948. (d) | 6017596 |
|  | **Total Repurchase Agreements** | 18790341 |
|  | (Cost $18,790,341) |  |
|  | **Total Investments — 100.3%** | 7774433577 |
|  | (Cost $7,296,479,893) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.3)%** | (22530743)<br>|
|  | **Net Assets — 100.0%** | $7751902834 |

---

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(b) All or a portion of this security is on loan for securities lending. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous. The aggregate value of such securities is $17,938,589 and the total value of the collateral held by the Fund, including for securities sold and pending settlement, is $18,790,341.

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

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

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| &nbsp;&nbsp; Common <br> Stocks\*<br>| $7751049705 | $7751049705 | $— | $— |
| &nbsp;&nbsp; Money Market <br> Funds<br>| &nbsp;&nbsp; 4593531 | &nbsp;&nbsp; 4593531 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Repurchase <br> Agreements<br>| &nbsp;&nbsp; 18790341 | &nbsp;&nbsp; — | &nbsp;&nbsp; 18790341 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Total <br> Investments<br>| $7774433577 | $7755643236 | $18790341 | $— |

---

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

\* See Portfolio of Investments for industry breakout.

------

**First Trust Capital Strength**<sup>®</sup> **ETF (FTCS)**

**Portfolio of Investments**

**September 30, 2025 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** |
|  | **Aerospace & Defense — 6.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 547959 | General Dynamics Corp. | $186854019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353110 | Lockheed Martin Corp. | 176276043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315637 | Northrop Grumman Corp. | 192323937 |
|  |  | 555453999 |
|  | **Air Freight & Logistics —** <br> **2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1467079 | &nbsp;&nbsp;&nbsp; Expeditors International of <br> Washington, Inc. | 179849215 |
|  | **Beverages — 5.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2345434 | Coca-Cola (The) Co. | 155549183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2776756 | Monster Beverage Corp. (a) | 186903446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1143735 | PepsiCo, Inc. | 160626144 |
|  |  | 503078773 |
|  | **Biotechnology — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1513848 | Gilead Sciences, Inc. | 168037128 |
|  | **Broadline Retail — 2.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2096603 | eBay, Inc. | 190686043 |
|  | **Capital Markets — 3.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 686566 | Cboe Global Markets, Inc. | 168380311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1710110 | Charles Schwab (The) Corp. | 163264202 |
|  |  | 331644513 |
|  | **Chemicals — 4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 609595 | Ecolab, Inc. | 166943687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 352312 | Linde PLC | 167348200 |
|  |  | 334291887 |
|  | **Commercial Services &** <br> **Supplies — 3.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3563041 | Copart, Inc. (a) | 160229954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1585337 | Veralto Corp. | 169012777 |
|  |  | 329242731 |
|  | **Communications Equipment** <br> **— 4.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2407475 | Cisco Systems, Inc. | 164719440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 389642 | Motorola Solutions, Inc. | 178179390 |
|  |  | 342898830 |
|  | **Construction & Engineering** <br> **— 2.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1445845 | AECOM | 188639397 |
|  | **Consumer Staples Distribution** <br> **& Retail — 4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172279 | Costco Wholesale Corp. | 159466611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1723605 | Walmart, Inc. | 177634731 |
|  |  | 337101342 |
|  | **Entertainment — 2.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1091390 | Electronic Arts, Inc. | 220133363 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Financial Services — 3.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 296436 | Mastercard, Inc., Class A | $168615761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 469356 | Visa, Inc., Class A | 160228751 |
|  |  | 328844512 |
|  | **Food Products — 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 956440 | Hershey (The) Co. | 178902102 |
|  | **Ground Transportation —** <br> **2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 728547 | Union Pacific Corp. | 172206654 |
|  | **Health Care Equipment &** <br> **Supplies — 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1324725 | Abbott Laboratories | 177433666 |
|  | **Health Care Providers &** <br> **Services — 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 559390 | Cencora, Inc. | 174826157 |
|  | **Household Durables — 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22071 | NVR, Inc. (a) | 177332981 |
|  | **Household Products — 3.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1886557 | Colgate-Palmolive Co. | 150811367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1056277 | Procter & Gamble (The) Co. | 162296961 |
|  |  | 313108328 |
|  | **Industrial Conglomerates —** <br> **1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 692603 | Honeywell International, Inc. | 145792931 |
|  | **Insurance — 7.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460050 | Aon PLC, Class A | 164044629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1854314 | Arch Capital Group Ltd. | 168241909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 771757 | Marsh & McLennan Cos., Inc. | 155532188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2382961 | W.R. Berkley Corp. | 182582472 |
|  |  | 670401198 |
|  | **IT Services — 6.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580047 | Accenture PLC, Class A | 143039590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2164754 | &nbsp;&nbsp;&nbsp; Cognizant Technology Solutions <br> Corp., Class A | 145190051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460969 | Gartner, Inc. (a) | 121174921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 573087 | &nbsp;&nbsp;&nbsp; International Business Machines <br> Corp. | 161702228 |
|  |  | 571106790 |
|  | **Machinery — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 486556 | Snap-on, Inc. | 168606251 |
|  | **Pharmaceuticals — 4.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000786 | Johnson & Johnson | 185565740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1102481 | Zoetis, Inc. | 161315020 |
|  |  | 346880760 |
|  | **Professional Services — 5.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 542856 | Automatic Data Processing, Inc. | 159328236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1141980 | Paychex, Inc. | 144757385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 542659 | Verisk Analytics, Inc. | 136484165 |
|  |  | 440569786 |

---

------

**First Trust Capital Strength**<sup>®</sup> **ETF (FTCS)**

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Software — 4.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 551555 | Autodesk, Inc. (a) | $175212477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 321201 | Microsoft Corp. | 166366058 |
|  |  | 341578535 |
|  | **Specialty Retail — 6.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 455840 | Home Depot (The), Inc. | 184701810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1260802 | Ross Stores, Inc. | 192133617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1340990 | TJX (The) Cos., Inc. | 193826694 |
|  |  | 570662121 |
|  | **Total Common Stocks** | 8459309993 |
|  | (Cost $7,529,259,180) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6345097 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (b) | 6345097 |
|  | (Cost $6,345,097) |  |
|  | **Total Investments — 100.0%** | 8465655090 |
|  | (Cost $7,535,604,277) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (942440)<br>|
|  | **Net Assets — 100.0%** | $8464712650 |

---

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

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

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

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $8459309993 | $8459309993 | $— | $— |
| &nbsp;&nbsp; Money Market <br> Funds<br>| &nbsp;&nbsp; 6345097 | &nbsp;&nbsp; 6345097 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $8465655090 | $8465655090 | $— | $— |

---

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

\* See Portfolio of Investments for industry breakout.

------

**First Trust Value Line**<sup>®</sup> **Dividend Index Fund (FVD)**

**Portfolio of Investments**

**September 30, 2025 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** |
|  | **Aerospace & Defense — 2.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115328 | General Dynamics Corp. | $39326848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130878 | L3Harris Technologies, Inc. | 39971450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77456 | Lockheed Martin Corp. | 38666810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64588 | Northrop Grumman Corp. | 39354760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233395 | RTX Corp. | 39053985 |
|  |  | 196373853 |
|  | **Air Freight & Logistics —** <br> **0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 311440 | &nbsp;&nbsp;&nbsp; Expeditors International of <br> Washington, Inc. | 38179430 |
|  | **Automobiles — 0.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1101559 | Honda Motor Co., Ltd., ADR | 33928017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185427 | Toyota Motor Corp., ADR | 35433246 |
|  |  | 69361263 |
|  | **Banks — 3.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287100 | Bank of Montreal | 37394775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 577447 | Bank of Nova Scotia (The) | 37331949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 458035 | &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of <br> Commerce | 36592416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 632836 | Commerce Bancshares, Inc. | 37818279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531731 | HSBC Holdings PLC, ADR | 37742266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119100 | JPMorgan Chase & Co. | 37567713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250408 | Royal Bank of Canada | 36890107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 469356 | Toronto-Dominion Bank (The) | 37525012 |
|  |  | 298862517 |
|  | **Beverages — 2.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 635102 | &nbsp;&nbsp;&nbsp; Anheuser-Busch InBev <br> S.A./N.V., ADR | 37858430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 562013 | Coca-Cola (The) Co. | 37272702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 420221 | &nbsp;&nbsp;&nbsp; Coca-Cola Europacific <br> Partners PLC | 37992181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 278774 | &nbsp;&nbsp;&nbsp; Constellation Brands, Inc., <br> Class A | 37542495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 387691 | Diageo PLC, ADR | 36997352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1433936 | Keurig Dr Pepper, Inc. | 36579707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 263849 | PepsiCo, Inc. | 37054954 |
|  |  | 261297821 |
|  | **Biotechnology — 1.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167168 | AbbVie, Inc. | 38706079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130110 | Amgen, Inc. | 36717042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330794 | Gilead Sciences, Inc. | 36718134 |
|  |  | 112141255 |
|  | **Building Products — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 514957 | A.O. Smith Corp. | 37802993 |
|  | **Capital Markets — 5.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 339946 | &nbsp;&nbsp;&nbsp; Bank of New York Mellon (The) <br> Corp. | 37040516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32754 | Blackrock, Inc. | 38186906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157262 | Cboe Global Markets, Inc. | 38568506 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Capital Markets (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142528 | CME Group, Inc. | $38509640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125869 | FactSet Research Systems, Inc. | 36060210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46191 | &nbsp;&nbsp;&nbsp; Goldman Sachs Group (The), <br> Inc. | 36784203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178807 | Houlihan Lokey, Inc. | 36712653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218729 | Intercontinental Exchange, Inc. | 36851462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231540 | Morgan Stanley | 36805598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 413770 | Nasdaq, Inc. | 36597957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212247 | Raymond James Financial, Inc. | 36633832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 427317 | SEI Investments Co. | 36257848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353413 | T. Rowe Price Group, Inc. | 36274310 |
|  |  | 481283641 |
|  | **Chemicals — 2.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129435 | Air Products and Chemicals, Inc. | 35299513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 469770 | Innospec, Inc. | 36247453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77884 | Linde PLC | 36994900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45838 | NewMarket Corp. | 37963490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 339853 | PPG Industries, Inc. | 35721949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 307120 | RPM International, Inc. | 36203306 |
|  |  | 218430611 |
|  | **Commercial Services &** <br> **Supplies — 1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 469356 | Brady Corp., Class A | 36623849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215902 | MSA Safety, Inc. | 37150257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 669738 | Rollins, Inc. | 39340410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171485 | Waste Management, Inc. | 37869032 |
|  |  | 150983548 |
|  | **Communications Equipment** <br> **— 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 549235 | Cisco Systems, Inc. | 37578659 |
|  | **Consumer Staples Distribution** <br> **& Retail — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 576732 | Kroger (The) Co. | 38877504 |
|  | **Containers & Packaging —** <br> **2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4510380 | Amcor PLC | 36894908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280365 | AptarGroup, Inc. | 37473586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228009 | Avery Dennison Corp. | 36976220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174933 | Packaging Corp. of America | 38123149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 809983 | Sonoco Products Co. | 34902167 |
|  |  | 184370030 |
|  | **Distributors — 0.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269719 | Genuine Parts Co. | 37383054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1227267 | LKQ Corp. | 37480734 |
|  |  | 74863788 |
|  | **Diversified REITs — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 554558 | WP Carey, Inc. | 37471484 |
|  | **Diversified Telecommunication** <br> **Services — 1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1286679 | AT&T, Inc. | 36335815 |

---

------

**First Trust Value Line**<sup>®</sup> **Dividend Index Fund (FVD)**

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Diversified Telecommunication** <br> **Services (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1612950 | BCE, Inc. | $37726900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2352128 | TELUS Corp. | 37093059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 862154 | Verizon Communications, Inc. | 37891668 |
|  |  | 149047442 |
|  | **Electric Utilities — 9.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 581874 | ALLETE, Inc. | 38636433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 579426 | Alliant Energy Corp. | 39059107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 347600 | &nbsp;&nbsp;&nbsp; American Electric Power Co., <br> Inc. | 39105000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 306061 | Duke Energy Corp. | 37875049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 799368 | Emera, Inc. | 38337689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 416976 | Entergy Corp. | 38857993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515243 | Evergy, Inc. | 39168773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 549967 | Eversource Energy | 39124652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 857389 | Exelon Corp. | 38591079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 858773 | FirstEnergy Corp. | 39348979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 757240 | Fortis, Inc. | 38422357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294812 | IDACORP, Inc. | 38959406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 443777 | MGE Energy, Inc. | 37357148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 514314 | NextEra Energy, Inc. | 38825564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 840351 | OGE Energy Corp. | 38883041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 444467 | Otter Tail Corp. | 36432960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 431380 | Pinnacle West Capital Corp. | 38677531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 872462 | Portland General Electric Co. | 38388328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1042607 | PPL Corp. | 38743276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403017 | Southern (The) Co. | 38193921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 654656 | TXNM Energy, Inc. | 37020797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 514314 | Xcel Energy, Inc. | 41479424 |
|  |  | 849488507 |
|  | **Electrical Equipment — 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98360 | Eaton Corp. PLC | 36811230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280119 | Emerson Electric Co. | 36746011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84856 | Hubbell, Inc. | 36514385 |
|  |  | 110071626 |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170234 | TE Connectivity PLC | 37371470 |
|  | **Financial Services — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245695 | Jack Henry & Associates, Inc. | 36591356 |
|  | **Food Products — 5.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1119451 | Campbell's (The) Co. | 35352263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2031151 | Conagra Brands, Inc. | 37190375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2834019 | Flowers Foods, Inc. | 36983948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 743170 | General Mills, Inc. | 37470631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193466 | Hershey (The) Co. | 36187815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1530678 | Hormel Foods Corp. | 37868974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 304779 | Ingredion, Inc. | 37216564 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Food Products (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 377275 | J & J Snack Foods Corp. | $36252355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 344287 | J.M. Smucker (The) Co. | 37389568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 483257 | Kellanova | 39636739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1410562 | Kraft Heinz (The) Co. | 36731034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211679 | Marzetti (The) Company | 36576014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 575749 | McCormick & Co., Inc. | 38523366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 585998 | &nbsp;&nbsp;&nbsp; Mondelez International, Inc., <br> Class A | 36607295 |
|  |  | 519986941 |
|  | **Gas Utilities — 3.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228345 | Atmos Energy Corp. | 38989909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 288452 | Chesapeake Utilities Corp. | 38851600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 425552 | National Fuel Gas Co. | 39308238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 799196 | New Jersey Resources Corp. | 38481287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 868999 | Northwest Natural Holding Co. | 39044125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 489421 | ONE Gas, Inc. | 39613736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 473962 | Southwest Gas Holdings, Inc. | 37130183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 483825 | Spire, Inc. | 39441414 |
|  |  | 310860492 |
|  | **Ground Transportation —** <br> **2.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 404421 | Canadian National Railway Co. | 38136900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1120802 | CSX Corp. | 39799679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 306817 | Landstar System, Inc. | 37603492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128067 | Norfolk Southern Corp. | 38472607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164759 | Union Pacific Corp. | 38944085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1394699 | Werner Enterprises, Inc. | 36708478 |
|  |  | 229665241 |
|  | **Health Care Equipment &** <br> **Supplies — 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272368 | Abbott Laboratories | 36480970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199468 | Becton Dickinson & Co. | 37334425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 393266 | Medtronic PLC | 37454654 |
|  |  | 111270049 |
|  | **Health Care Providers &** <br> **Services — 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133419 | Labcorp Holdings, Inc. | 38299258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201477 | Quest Diagnostics, Inc. | 38397487 |
|  |  | 76696745 |
|  | **Health Care REITs — 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2011386 | Healthpeak Properties, Inc. | 38518042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222257 | Welltower, Inc. | 39592862 |
|  |  | 78110904 |
|  | **Hotels, Restaurants & Leisure** <br> **— 0.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122816 | McDonald's Corp. | 37322554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249280 | Yum! Brands, Inc. | 37890560 |
|  |  | 75213114 |
|  | **Household Durables — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157422 | Garmin Ltd. | 38760445 |

---

------

**First Trust Value Line**<sup>®</sup> **Dividend Index Fund (FVD)**

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Household Products — 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 429283 | Church & Dwight Co., Inc. | $37618069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 468881 | Colgate-Palmolive Co. | 37482347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299912 | Kimberly-Clark Corp. | 37291058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243097 | Procter & Gamble (The) Co. | 37351854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1582082 | &nbsp;&nbsp;&nbsp; Reynolds Consumer Products, <br> Inc. | 38713547 |
|  |  | 188456875 |
|  | **Industrial Conglomerates —** <br> **0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178042 | Honeywell International, Inc. | 37477841 |
|  | **Insurance — 7.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 346471 | Aflac, Inc. | 38700811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180232 | Allstate (The) Corp. | 38686799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176194 | Assurant, Inc. | 38163620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 391361 | Axis Capital Holdings Ltd. | 37492384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136300 | Chubb Ltd. | 38470675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 808930 | CNA Financial Corp. | 37582888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211436 | &nbsp;&nbsp;&nbsp; Hanover Insurance Group (The), <br> Inc. | 38403121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 284678 | &nbsp;&nbsp;&nbsp; Hartford Insurance Group (The), <br> Inc. | 37973198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1172728 | Manulife Financial Corp. | 36530477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188851 | Marsh & McLennan Cos., Inc. | 38059142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 459504 | MetLife, Inc. | 37849344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 908461 | Old Republic International Corp. | 38582339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136661 | Primerica, Inc. | 37935727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 361798 | Prudential Financial, Inc. | 37532925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 621007 | Sun Life Financial, Inc. | 37279050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134770 | Travelers (The) Cos., Inc. | 37630479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109817 | Willis Towers Watson PLC | 37936283 |
|  |  | 644809262 |
|  | **IT Services — 2.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155047 | Accenture PLC, Class A | 38234590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 439739 | Amdocs Ltd. | 36080585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 545932 | &nbsp;&nbsp;&nbsp; Cognizant Technology Solutions <br> Corp., Class A | 36615659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2169716 | Infosys Ltd., ADR | 35301279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137122 | &nbsp;&nbsp;&nbsp; International Business Machines <br> Corp. | 38690344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13337156 | Wipro Ltd., ADR | 35076720 |
|  |  | 219999177 |
|  | **Machinery — 5.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78820 | Caterpillar, Inc. | 37608963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87589 | Cummins, Inc. | 36994966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79338 | Deere & Co. | 36278094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460019 | Donaldson Co., Inc. | 37652555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218576 | Dover Corp. | 36465034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 389725 | Franklin Electric Co., Inc. | 37101820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440575 | Graco, Inc. | 37431252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231701 | IDEX Corp. | 37711655 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Machinery (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142633 | Illinois Tool Works, Inc. | $37192981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155940 | Lincoln Electric Holdings, Inc. | 36775330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 416555 | Otis Worldwide Corp. | 38085624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 383338 | PACCAR, Inc. | 37689792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110249 | Snap-on, Inc. | 38204586 |
|  |  | 485192652 |
|  | **Media — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1181668 | Comcast Corp., Class A | 37128008 |
|  | **Metals & Mining — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 584616 | Rio Tinto PLC, ADR | 38590502 |
|  | **Multi-Utilities — 5.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375523 | Ameren Corp. | 39197091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1016967 | Avista Corp. | 38451522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 631546 | Black Hills Corp. | 38896918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 974864 | CenterPoint Energy, Inc. | 37824723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 528261 | CMS Energy Corp. | 38700401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 385126 | Consolidated Edison, Inc. | 38712866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 622043 | Dominion Energy, Inc. | 38050370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 273325 | DTE Energy Co. | 38656355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900983 | NiSource, Inc. | 39012564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 660469 | &nbsp;&nbsp;&nbsp; Northwestern Energy Group, <br> Inc. | 38710088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 455288 | &nbsp;&nbsp;&nbsp; Public Service Enterprise Group, <br> Inc. | 37998336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 338713 | WEC Energy Group, Inc. | 38813123 |
|  |  | 463024357 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 3.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238451 | Chevron Corp. | 37029056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 756468 | Enbridge, Inc. | 38171375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 332177 | Exxon Mobil Corp. | 37452957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 936825 | Pembina Pipeline Corp. | 37903940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 523723 | Shell PLC, ADR | 37461906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 703676 | TC Energy Corp. | 38287011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 612321 | TotalEnergies SE, ADR | 36549441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 618527 | Williams (The) Cos., Inc. | 39183685 |
|  |  | 302039371 |
|  | **Personal Care Products —** <br> **0.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2192736 | Kenvue, Inc. | 35588105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 615153 | Unilever PLC, ADR | 36466270 |
|  |  | 72054375 |
|  | **Pharmaceuticals — 4.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480141 | AstraZeneca PLC, ADR | 36836417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 827269 | Bristol-Myers Squibb Co. | 37309832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 909574 | GSK PLC, ADR | 39257214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213598 | Johnson & Johnson | 39605341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 462819 | Merck & Co., Inc. | 38844399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 301641 | Novartis AG, ADR | 38682442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1547865 | Pfizer, Inc. | 39439600 |

---

------

**First Trust Value Line**<sup>®</sup> **Dividend Index Fund (FVD)**

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Pharmaceuticals (Continued)**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 791545 | Sanofi S.A., ADR | $37360924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479061 | &nbsp;&nbsp;&nbsp; Takeda Pharmaceutical Co., Ltd., <br> ADR | 36293453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 257245 | Zoetis, Inc. | 37640088 |
|  |  | 381269710 |
|  | **Professional Services — 2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126715 | Automatic Data Processing, Inc. | 37190853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154020 | &nbsp;&nbsp;&nbsp; Broadridge Financial Solutions, <br> Inc. | 36682943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285357 | Paychex, Inc. | 36171853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415113 | &nbsp;&nbsp;&nbsp; SS&C Technologies Holdings, <br> Inc. | 36845430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228163 | Thomson Reuters Corp. | 35440559 |
|  |  | 182331638 |
|  | **Residential REITs — 3.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1116093 | &nbsp;&nbsp;&nbsp; American Homes 4 Rent, <br> Class A | 37110092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192793 | AvalonBay Communities, Inc. | 37241824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 343969 | Camden Property Trust | 36729010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 616173 | Equity LifeStyle Properties, Inc. | 37401701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 569932 | Equity Residential | 36891699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1253304 | Invitation Homes, Inc. | 36759406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 263440 | &nbsp;&nbsp;&nbsp; Mid-America Apartment <br> Communities, Inc. | 36810471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 289170 | Sun Communities, Inc. | 37302930 |
|  |  | 296247133 |
|  | **Retail REITs — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630048 | Realty Income Corp. | 38300618 |
|  | **Software — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 514100 | &nbsp;&nbsp;&nbsp; Dolby Laboratories, Inc., <br> Class A | 37205417 |
|  | **Specialized REITs — 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133051 | Public Storage | 38431781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1183921 | VICI Properties, Inc. | 38607664 |
|  |  | 77039445 |
|  | **Specialty Retail — 1.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90316 | Home Depot (The), Inc. | 36595140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142904 | Lowe's Cos., Inc. | 35913204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266917 | TJX (The) Cos., Inc. | 38580183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 640019 | Tractor Supply Co. | 36397881 |
|  |  | 147486408 |
|  | **Tobacco — 1.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 583328 | Altria Group, Inc. | 38534648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 690751 | &nbsp;&nbsp;&nbsp; British American Tobacco PLC, <br> ADR | 36665063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229722 | Philip Morris International, Inc. | 37260908 |
|  |  | 112460619 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Trading Companies &** <br> **Distributors — 1.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 789704 | Fastenal Co. | $38727084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 409586 | &nbsp;&nbsp;&nbsp; MSC Industrial Direct Co., Inc., <br> Class A | 37739254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95058 | Watsco, Inc. | 38431950 |
|  |  | 114898288 |
|  | **Water Utilities — 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515665 | American States Water Co. | 37808558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275534 | American Water Works Co., Inc. | 38351578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 819618 | California Water Service Group | 37612270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1004610 | Essential Utilities, Inc. | 40083939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 767069 | H2O America | 37356260 |
|  |  | 191212605 |
|  | **Wireless Telecommunication** <br> **Services — 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1810738 | &nbsp;&nbsp;&nbsp; America Movil S.A.B. de C.V., <br> ADR | 38025498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1061643 | &nbsp;&nbsp;&nbsp; Rogers Communications, Inc., <br> Class B | 36594834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156715 | T-Mobile US, Inc. | 37514437 |
|  |  | 112134769 |
|  | **Total Common Stocks** | 9040371799 |
|  | (Cost $8,118,080,957) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8888414 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (a) | 8888414 |
|  | (Cost $8,888,414) |  |
|  | **Total Investments — 99.9%** | 9049260213 |
|  | (Cost $8,126,969,371) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.1%** | 8655856 |
|  | **Net Assets — 100.0%** | $9057916069 |

---

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

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

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

Abbreviations throughout the Portfolio of Investments: <br> ADR – American Depositary Receipt <br> REITs – Real Estate Investment Trusts

------

**First Trust Value Line**<sup>®</sup> **Dividend Index Fund (FVD)**

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $9040371799 | $9040371799 | $— | $— |
| &nbsp;&nbsp; Money Market <br> Funds<br>| &nbsp;&nbsp; 8888414 | &nbsp;&nbsp; 8888414 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $9049260213 | $9049260213 | $— | $— |

---

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

\* See Portfolio of Investments for industry breakout.

------

**First Trust Growth Strength**<sup>TM</sup> **ETF (FTGS)**

**Portfolio of Investments**

**September 30, 2025 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** |
|  | **Beverages — 2.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410463 | Monster Beverage Corp. (a) | $27628265 |
|  | **Biotechnology — 2.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83631 | United Therapeutics Corp. (a) | 35058952 |
|  | **Capital Markets — 9.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45010 | Ameriprise Financial, Inc. | 22111162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103041 | Cboe Global Markets, Inc. | 25270805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 384428 | &nbsp;&nbsp;&nbsp; Interactive Brokers Group, Inc., <br> Class A | 26452491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48885 | Moody's Corp. | 23292725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191736 | Northern Trust Corp. | 25807666 |
|  |  | 122934849 |
|  | **Commercial Services &** <br> **Supplies — 1.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 534239 | Copart, Inc. (a) | 24024728 |
|  | **Communications Equipment** <br> **— 4.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218238 | Arista Networks, Inc. (a) | 31799459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57921 | Motorola Solutions, Inc. | 26486694 |
|  |  | 58286153 |
|  | **Consumer Staples Distribution** <br> **& Retail — 3.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25649 | Costco Wholesale Corp. | 23741484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 257077 | Walmart, Inc. | 26494355 |
|  |  | 50235839 |
|  | **Electrical Equipment — 1.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64437 | Eaton Corp. PLC | 24115547 |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 2.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236694 | Amphenol Corp., Class A | 29290882 |
|  | **Energy Equipment & Services** <br> **— 4.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 620622 | Baker Hughes Co. | 30236704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 730890 | Schlumberger N.V. | 25120689 |
|  |  | 55357393 |
|  | **Financial Services — 7.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160518 | Apollo Global Management, Inc. | 21392234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73538 | Corpay, Inc. (a) | 21183356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44161 | Mastercard, Inc., Class A | 25119218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70012 | Visa, Inc., Class A | 23900697 |
|  |  | 91595505 |
|  | **Health Care Equipment &** <br> **Supplies — 1.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 292152 | Dexcom, Inc. (a) | 19658908 |
|  | **Health Care Providers &** <br> **Services — 2.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86599 | UnitedHealth Group, Inc. | 29902635 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Hotels, Restaurants & Leisure** <br> **— 3.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174997 | Airbnb, Inc., Class A (a) | $21248136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 454583 | Chipotle Mexican Grill, Inc. (a) | 17815108 |
|  |  | 39063244 |
|  | **Household Durables — 4.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107654 | Garmin Ltd. | 26506568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225443 | PulteGroup, Inc. | 29787783 |
|  |  | 56294351 |
|  | **Insurance — 7.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68344 | Aon PLC, Class A | 24370104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276110 | Arch Capital Group Ltd. | 25051460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115228 | Marsh & McLennan Cos., Inc. | 23221899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 354458 | W.R. Berkley Corp. | 27158572 |
|  |  | 99802035 |
|  | **Interactive Media & Services** <br> **— 3.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34931 | Meta Platforms, Inc., Class A | 25652628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 664946 | Pinterest, Inc., Class A (a) | 21391313 |
|  |  | 47043941 |
|  | **Machinery — 2.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59006 | Caterpillar, Inc. | 28154713 |
|  | **Media — 1.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302994 | &nbsp;&nbsp;&nbsp; Trade Desk (The), Inc., <br> Class A (a) | 14849736 |
|  | **Metals & Mining — 2.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 418538 | Newmont Corp. | 35286939 |
|  | **Professional Services — 1.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81157 | Automatic Data Processing, Inc. | 23819579 |
|  | **Semiconductors &** <br> **Semiconductor Equipment** <br>**— 9.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86296 | Broadcom, Inc. | 28469913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26322 | KLA Corp. | 28390909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34115 | Monolithic Power Systems, Inc. | 31407634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141727 | NVIDIA Corp. | 26443424 |
|  |  | 114711880 |
|  | **Software — 12.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66691 | Adobe, Inc. (a) | 23525250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77393 | &nbsp;&nbsp;&nbsp; Cadence Design Systems, <br> Inc. (a) | 27185065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460614 | Dynatrace, Inc. (a) | 22316748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230530 | Fortinet, Inc. (a) | 19382962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32493 | Intuit, Inc. | 22189795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125008 | Palo Alto Networks, Inc. (a) | 25454129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25495 | ServiceNow, Inc. (a) | 23462539 |
|  |  | 163516488 |

---

------

**First Trust Growth Strength**<sup>TM</sup> **ETF (FTGS)**

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** | **COMMON STOCKS (Continued)** |
|  | **Specialty Retail — 4.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188157 | Ross Stores, Inc. | $28673245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199868 | TJX (The) Cos., Inc. | 28888921 |
|  |  | 57562166 |
|  | **Textiles, Apparel & Luxury** <br> **Goods — 1.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238377 | Deckers Outdoor Corp. (a) | 24164276 |
|  | **Total Common Stocks** | 1272359004 |
|  | (Cost $1,150,375,298) |  |
| **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** | **MONEY MARKET FUNDS — 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650977 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (b) | 650977 |
|  | (Cost $650,977) |  |
|  | **Total Investments — 100.0%** | 1273009981 |
|  | (Cost $1,151,026,275) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.0%** | 65084 |
|  | **Net Assets — 100.0%** | $1273075065 |

---

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

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

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

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $1272359004 | $1272359004 | $— | $— |
| &nbsp;&nbsp; Money Market <br> Funds<br>| &nbsp;&nbsp; 650977 | &nbsp;&nbsp; 650977 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $1273009981 | $1273009981 | $— | $— |

---

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

\* See Portfolio of Investments for industry breakout.

------

**First Trust Indxx Aerospace & Defense ETF (MISL)**

**Portfolio of Investments**

**September 30, 2025 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 100.0%** | **COMMON STOCKS — 100.0%** | **COMMON STOCKS — 100.0%** |
|  | **Aerospace & Defense — 87.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12972 | AAR Corp. (a) | $1163199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17728 | AeroVironment, Inc. (a) | 5582370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12733 | Astronics Corp. (a) | 580752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67275 | Boeing (The) Co. (a) | 14519963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13541 | Curtiss-Wright Corp. | 7351951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5345 | Ducommun, Inc. (a) | 513815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25249 | General Dynamics Corp. | 8609909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59747 | General Electric Co. | 17973092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24238 | HEICO Corp. | 7824511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28891 | Hexcel Corp. | 1811466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42467 | Howmet Aerospace, Inc. | 8333299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14098 | &nbsp;&nbsp;&nbsp; Huntington Ingalls Industries, <br> Inc. | 4058955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64182 | Intuitive Machines, Inc. (a) | 675195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59797 | &nbsp;&nbsp;&nbsp; Kratos Defense & Security <br> Solutions, Inc. (a) | 5463652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29398 | L3Harris Technologies, Inc. | 8978443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95590 | Leonardo DRS, Inc. | 4339786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33614 | Loar Holdings, Inc. (a) | 2689120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32642 | Lockheed Martin Corp. | 16295213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21470 | Mercury Systems, Inc. (a) | 1661778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11337 | Moog, Inc., Class A | 2354355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2568 | National Presto Industries, Inc. | 288001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14827 | Northrop Grumman Corp. | 9034388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168874 | Rocket Lab Corp. (a) | 8090753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103906 | RTX Corp. | 17386591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42152 | &nbsp;&nbsp;&nbsp; Spirit AeroSystems Holdings, <br> Inc., Class A (a) | 1627067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64867 | Textron, Inc. | 5480613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9890 | TransDigm Group, Inc. | 13035218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21379 | Woodward, Inc. | 5402687 |
|  |  | 181126142 |
|  | **Diversified Telecommunication** <br> **Services — 2.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121312 | AST SpaceMobile, Inc. (a) | 5953993 |
|  | **Professional Services — 9.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7901 | &nbsp;&nbsp;&nbsp; CACI International, Inc., <br> Class A (a) | 3940861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46613 | KBR, Inc. | 2204329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46247 | Leidos Holdings, Inc. | 8738833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38400 | Parsons Corp. (a) | 3184128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16841 | &nbsp;&nbsp;&nbsp; Science Applications <br> International Corp. | 1673490 |
|  |  | 19741641 |
|  | **Total Common Stocks** | 206821776 |
|  | (Cost $156,151,977) |  |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** | **MONEY MARKET FUNDS — 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117979 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (b) | $117979 |
|  | (Cost $117,979) |  |
|  | **Total Investments — 100.0%** | 206939755 |
|  | (Cost $156,269,956) |  |
|  | **Net Other Assets and** <br> **Liabilities — (0.0)%** | (60146)<br>|
|  | **Net Assets — 100.0%** | $206879609 |

---

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

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

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

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $206821776 | $206821776 | $— | $— |
| Money Market Funds | &nbsp;&nbsp; 117979 | &nbsp;&nbsp; 117979 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $206939755 | $206939755 | $— | $— |

---

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

\* See Portfolio of Investments for industry breakout.

------

**First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF)**

**Portfolio of Investments**

**September 30, 2025 (Unaudited)**

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** |
|  | **Building Products — 11.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58 | Carlisle Cos., Inc. | $19080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206 | &nbsp;&nbsp;&nbsp; Johnson Controls <br> International PLC | 22650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158 | Owens Corning | 22351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140 | Simpson Manufacturing Co., Inc. | 23444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50 | Trane Technologies PLC | 21098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219 | UFP Industries, Inc. | 20474 |
|  |  | 129097 |
|  | **Chemicals — 7.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236 | CF Industries Holdings, Inc. | 21169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 292 | Corteva, Inc. | 19748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 317 | DuPont de Nemours, Inc. | 24694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 291 | Eastman Chemical Co. | 18348 |
|  |  | 83959 |
|  | **Construction & Engineering** <br> **— 2.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58 | Quanta Services, Inc. | 24036 |
|  | **Construction Materials —** <br> **2.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237 | CRH PLC | 28416 |
|  | **Electrical Equipment — 12.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120 | AMETEK, Inc. | 22560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61 | Eaton Corp. PLC | 22829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163 | Emerson Electric Co. | 21382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41 | GE Vernova, Inc. | 25211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65 | Rockwell Automation, Inc. | 22720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169 | Vertiv Holdings Co., Class A | 25495 |
|  |  | 140197 |
|  | **Electronic Equipment,** <br> **Instruments & Components** <br>**— 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133 | Keysight Technologies, Inc. (a) | 23264 |
|  | **Energy Equipment & Services** <br> **— 5.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 567 | Baker Hughes Co. | 27624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 432 | Weatherford International PLC | 29562 |
|  |  | 57186 |
|  | **Hotel & Resort REITs — 2.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1414 | Host Hotels & Resorts, Inc. | 24066 |
|  | **Machinery — 10.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56 | Caterpillar, Inc. | 26720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 261 | Ingersoll Rand, Inc. | 21564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 | Parker-Hannifin Corp. | 23503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104 | &nbsp;&nbsp;&nbsp; Westinghouse Air Brake <br> Technologies Corp. | 20849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168 | Xylem, Inc. | 24780 |
|  |  | 117416 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
|  | **Metals & Mining — 6.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 736 | Alcoa Corp. | $24207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 445 | Commercial Metals Co. | 25490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 501 | Freeport-McMoRan, Inc. | 19649 |
|  |  | 69346 |
|  | **Oil, Gas & Consumable Fuels** <br> **— 23.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 539 | Antero Resources Corp. (a) | 18089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 476 | California Resources Corp. | 25314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242 | ConocoPhillips | 22891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 856 | Coterra Energy, Inc. | 20244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 373 | EQT Corp. | 20302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186 | Expand Energy Corp. | 19761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108 | Gulfport Energy Corp. (a) | 19546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 968 | &nbsp;&nbsp;&nbsp; Magnolia Oil & Gas Corp., <br> Class A | 23106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1595 | Permian Resources Corp. | 20416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 534 | Range Resources Corp. | 20100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 | Texas Pacific Land Corp. | 19606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162 | Valero Energy Corp. | 27582 |
|  |  | 256957 |
|  | **Paper & Forest Products —** <br> **2.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253 | Louisiana-Pacific Corp. | 22477 |
|  | **Professional Services — 1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150 | Paychex, Inc. | 19014 |
|  | **Residential REITs — 3.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147 | &nbsp;&nbsp;&nbsp; Mid-America Apartment <br> Communities, Inc. | 20540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 532 | UDR, Inc. | 19823 |
|  |  | 40363 |
|  | **Retail REITs — 2.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135 | Simon Property Group, Inc. | 25336 |
|  | **Specialized REITs — 3.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148 | Extra Space Storage, Inc. | 20859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179 | Lamar Advertising Co., Class A | 21913 |
|  |  | 42772 |
|  | **Total Common Stocks** | 1103902 |
|  | (Cost $1,079,413) |  |
| **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** | **MONEY MARKET FUNDS — 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2114 | &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund, <br> Institutional Shares - <br> 4.04% (b) | 2114 |
|  | (Cost $2,114) |  |
|  | **Total Investments — 100.0%** | 1106016 |
|  | (Cost $1,081,527) |  |
|  | **Net Other Assets and** <br> **Liabilities — 0.0%** | 73 |
|  | **Net Assets — 100.0%** | $1106089 |

---

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

------

**First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF)**

**Portfolio of Investments (Continued)**

**September 30, 2025 (Unaudited)**

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

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

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

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

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

------

**Valuation Inputs**

A summary of the inputs used to value the Fund's investments as of September 30, 2025 is as follows (see Valuation Inputs in the Additional Information section):

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**9/30/2025**<br>| **Level 1** <br>**Quoted** <br>**Prices**<br>| **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Common Stocks\* | $1103902 | $1103902 | $— | $— |
| Money Market Funds | &nbsp;&nbsp; 2114 | &nbsp;&nbsp; 2114 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total Investments | $1106016 | $1106016 | $— | $— |

---

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

\* See Portfolio of Investments for industry breakout.

------

**First Trust Exchange-Traded Fund**

**Additional Information**

**September 30, 2025 (Unaudited)**

**Valuation Inputs**

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

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

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

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

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

**Licensing Information**

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

Morningstar<sup>®</sup> and Morningstar<sup>®</sup> Dividend Leaders Index<sup>SM</sup> are registered trademarks and service marks of Morningstar, Inc. ("Morningstar") and have been licensed for use by First Trust on behalf of the Fund. The Fund is not sponsored, endorsed, issued, sold or promoted by Morningstar and Morningstar makes no representation regarding the advisability of investing in the Fund.

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

Source ICE Data Indices, LLC ("ICE Data"), is used with permission. "NYSE<sup>®</sup>" and "NYSE<sup>®</sup> Arca<sup>®</sup>" are service/trademarks of ICE Data Indices, LLC or its affiliates. These trademarks have been licensed, along with the NYSE<sup>®</sup> Arca<sup>®</sup> Biotechnology Index (the "Index") for use by First Trust Advisors L.P. in connection with First Trust NYSE<sup>®</sup> Arca<sup>®</sup> Biotechnology Index Fund (the "Product"). Neither First Trust Advisors L.P., First Trust Exchange-Traded Fund (the "Trust") nor the Product, as applicable, is sponsored, endorsed, sold or promoted by ICE Data Indices, LLC, its affiliates or its Third Party Suppliers ("ICE Data and its Suppliers"). ICE Data and its Suppliers make no representations or warranties regarding the advisability of investing in securities generally, in the Product particularly, the Trust or the ability of the Index to track general market performance. Past performance of an Index is not an indicator of or a guarantee of future results.

ICE DATA AND ITS SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY INFORMATION INCLUDED IN, RELATED TO, OR DERIVED THEREFROM ("INDEX DATA"). ICE DATA AND ITS SUPPLIERS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES AND THE INDEX DATA, WHICH ARE PROVIDED ON AN "AS IS" BASIS AND YOUR USE IS AT YOUR OWN RISK.

Nasdaq<sup>®</sup>, The Capital Strength<sup>TM</sup> Index and The Growth Strength<sup>TM</sup> Index are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the "Corporations") and are licensed for use by First Trust. The Funds have not been passed on by the Corporations as to their legality or suitability. The Funds are not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUNDS.

------

**First Trust Exchange-Traded Fund**

**Additional Information (Continued)**

**September 30, 2025 (Unaudited)**

Value Line<sup>®</sup> and Value Line<sup>®</sup> Dividend Index are trademarks or registered trademarks of Value Line, Inc. ("Value Line") and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, recommended, sold or promoted by Value Line and Value Line makes no representation regarding the advisability of investing in products utilizing such strategy.

Indxx and Indxx US Aerospace & Defense Index ("Index") are trademarks of Indxx, Inc. ("Indxx") and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Indxx and Indxx makes no representation regarding the advisability of trading in such products. The Index is determined, composed and calculated by Indxx without regard to First Trust or the Fund.

Bloomberg<sup>®</sup> and Bloomberg Inflation Sensitive Equity Index licensed herein (the "Indices") are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the Indices (collectively, "Bloomberg"), and have been licensed for use for certain purposes by First Trust Advisors L.P. (the "Licensee"). Bloomberg is not affiliated with the Licensee, and Bloomberg does not approve, endorse, review, or recommend the financial products referenced herein (the "Financial Products"). Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Index or the Financial Products.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-21774

- **c. CIK number of Registrant:** 0001329377

- **d. LEI of Registrant:** 549300MZB4XDLRWOC672

- **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 Indxx Aerospace & Defense ETF

- **b. EDGAR series identifier (if any):** S000077603

- **c. LEI of Series:** 549300JW3W23RZME4D92

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $206975212.88

**Total Liabilities:** $95603.93

**Net Assets:** $206879608.95

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238091 | 4.21%                | 0.93%                | 5.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4013966.05              | $2883480.69                                |
| Month 2  | $734714.49               | $1005911.68                                |
| Month 3  | $-20730.31               | $10215452.36                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Astronics Corp                     | Astronics Corp                          | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |     12733 | NS      | $580752.13    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                        | Hexcel Corp                             | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |     28891 | NS      | $1811465.70   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp              | Northrop Grumman Corp                   | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     14827 | NS      | $9034387.64   | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc                  | Loar Holdings Inc                       | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33614 | NS      | $2689120.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp                    | Rocket Lab Corp                         | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    168874 | NS      | $8090753.34   | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp                           | AAR Corp                                | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |     12972 | NS      | $1163199.24   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                | TransDigm Group Inc                     | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9890 | NS      | $13035217.80  | 6.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Government Cash Management | Dreyfus Government Cash Management      | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |    117979 | NS      | $117979.41    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                        | Textron Inc                             | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |     64867 | NS      | $5480612.83   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp               | Lockheed Martin Corp                    | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     32642 | NS      | $16295212.82  | 7.88%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                           | RTX Corp                                | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    103906 | NS      | $17386590.98  | 8.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                | Mercury Systems Inc                     | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |     21470 | NS      | $1661778.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirit AeroSystems Holdings In     | Spirit AeroSystems Holdings Inc         | CUSIP: 848574109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42152 | NS      | $1627067.20   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc                   | Leonardo DRS Inc                        | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |     95590 | NS      | $4339786.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corp                       | Parsons Corp                            | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |     38400 | NS      | $3184128.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| AST SpaceMobile Inc                | AST SpaceMobile Inc                     | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Long             | EC               | CORP              | US        |    121312 | NS      | $5953992.96   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries      | Huntington Ingalls Industries Inc       | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |     14098 | NS      | $4058955.18   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                         | HEICO Corp                              | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     24238 | NS      | $7824511.16   | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                | Leidos Holdings Inc                     | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     46247 | NS      | $8738833.12   | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                      | Boeing Co/The                           | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     67275 | NS      | $14519963.25  | 7.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solu     | Kratos Defense & Security Solutions Inc | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     59797 | NS      | $5463651.89   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc               | Howmet Aerospace Inc                    | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     42467 | NS      | $8333299.41   | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp              | General Dynamics Corp                   | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     25249 | NS      | $8609909.00   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                | General Electric Co                     | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     59747 | NS      | $17973092.54  | 8.69%             |  |  |  | No            |                  1 | On Loan: No      |
| National Presto Industries Inc     | National Presto Industries Inc          | CUSIP: 637215104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2568 | NS      | $288001.20    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                  | AeroVironment Inc                       | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |     17728 | NS      | $5582369.92   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Inc                       | Ducommun Inc                            | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |      5345 | NS      | $513814.85    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc                       | Woodward Inc                            | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |     21379 | NS      | $5402687.09   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                            | KBR Inc                                 | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     46613 | NS      | $2204328.77   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc             | CACI International Inc                  | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      7901 | NS      | $3940860.78   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                | Curtiss-Wright Corp                     | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |     13541 | NS      | $7351950.54   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Machines Inc             | Intuitive Machines Inc                  | CUSIP: 46125A100<br>LEI: 254900386IE2PEPLVM59 | Long             | EC               | CORP              | US        |     64182 | NS      | $675194.64    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc          | L3Harris Technologies Inc               | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     29398 | NS      | $8978443.18   | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc                           | Moog Inc                                | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |     11337 | NS      | $2354354.79   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications Internati     | Science Applications International Corp | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |     16841 | NS      | $1673490.17   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

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

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

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